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Blatant Pension Graft at Maryland Pension Fund
The Washington Post; subscription may be required 
[Opinion] Aug. 18, 2004
Excerpt: There was never much question that Maryland investment banker Nathan A. Chapman Jr. knew what he was doing as he defrauded the state's retirement system of nearly $5 million and looted hundreds of thousands of dollars from companies under his control. The nagging question was why his money-steering arrangements were not flagged by anyone supposedly monitoring the pension system.
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