Placement Agents in Public Pensions – Corruption in Investments Linked to Insolvency

Abstract

I do not think it is coincidence that the placement agent scandals were first uncovered in Illinois and continue with a SEC investigation in Kentucky. My theory is that in this “Culture of Cover up and Corruption” states that would look the other way on paying half the ARC, would look the other way on investment corruption and placement agents as well. A chapter in my upcoming book Kentucky Fried Pensions is based on this whitepaper.