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Feds: Lock Up Greedy Pension Trustee for at Least 8 Years
Detroit Free Press Link to more items from this source
Sept. 24, 2015

"Federal prosecutors want to send a former pension trustee to prison for eight years for scamming police officers and retirees out of millions when he was supposed to be helping them.... According to a sentencing memo filed in U.S. District Court ... [the trustee's] shenanigans and greed cost the police firefighters and beneficiaries more than $47 million in losses. That's because [he] helped push bad investments through the pension board because crooked businessmen were wining and dining him in exchange for his vote on deals."

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