Nancy Hamant: STRS executives hiding heads in sand, hoping it will all go away

April 18, 2006

Subject: Message From the Executive Director

Unbelievable! The STRS Internal Auditor did forewarn the STRS Executive Officers about the "abusive expenditures". It certainly appears that STRS Executives had the information to stop the misspending and did not act on the information and have not been forthcoming in sharing information about the spending until forced to do so by either the Ohio Legislature, hard-hitting news articles or actions taking place in the courts.

In other words the STRS Executive Staff appears to be hiding its head in the sand, hoping all of this will go away!

Can anyone doubt that a FORENSIC AUDIT is not needed to clear up this continuing mess!

PLEASE READ DENNIS LEONE'S COMMENTS!

Nancy Hamant