An internal review of PSERS' exaggerated profit figure was presented to board members Monday, but it's unclear if and when the public will learn the results.
into its exaggerated profit figure and questions about its purchase of Harrisburg real estate.
To keep the report secret for now, PSERS asked board members to sign a highly detailed, four-page nondisclosure agreement that forbids the release of anything from the review to unauthorized people or “any member of the media.’” The signers must agree that their release of information would cause “irreparable harm” to the board.
Republican State Treasurer Stacy Garrity was one of at least three of the board’s 15 members who said publicly they would not sign the NDA. The fund brought in Womble, along with two other outside law firms, as it learned that federal prosecutors, the FBI, and the U.S. Securities & Exchange Commission had subpoenaed information about the board’s adoption of a false, unduly high figure for investment returns. The federal investigators have also been looking at the fund’s $5 million appropriation to buy real estate near its offices and intoFederal authorities have said nothing about their investigations.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Former Staten Island priest charged with molesting Pa. boy, report saysThe 73-year-old is accused of attacking the child hundreds of times from 1995 to 2002, according to the report.
Les mer »
Why Dave White Thinks He Should Be Pa. GovernorFormer Delaware County Councilman Dave White is running for Pennsylvania governor. Though he’s served over 20 years in public office, the Republican says he’s an outsider who wants to bring a “business-like” mentality to Harrisburg and make the state more competitive.
Les mer »
Airbnb prevented hundreds of ‘unauthorized parties’ in Pittsburgh | Today in Pa.Dealer of huge coke ring gets six-year sentence. Lebanon man pleads guilty to over a dozen animal cruelty charges. Airbnb prevents hundreds of ‘unauthorized’ Pittsburgh parties. Missing dog found in New York.
Les mer »
COVID-19 hospital cases plummet in Pa., although deaths have risenPennsylvania’s pandemic death toll surpassed 40,000 in January.
Les mer »
New Tom Hanks movie, ‘A Man Called Otto,’ to start shooting in Pa.Western Pa. is becoming a second home to Hollywood movie star Tom Hanks.
Les mer »