Systematic fraud at public pension funds?


NY AG Andrew Cuomo thinks so, and has issued over 100 new subpeonas to firms who brokered deals with public pension funds alleging improper licensing and pay-to-play kickbacks as well.


Nothing like a huge financial crisis to bring out all the cockroaches. This hardly surprises me and remember my dire warning: Madoff was the tip of the iceberg. There will be many more fraudsters that will get nabbed in the next few years.