Ex-STRS Board member Jack Chapman to be arraigned on charges of ethics violations: 3 counts, conflicts of interest; third person charged from STRS

Third person charged in teachers' pension fund probe

June 19, 2006

JULIE CARR SMYTH Associated Press

COLUMBUS, Ohio - A former board member of the State Teacher's Retirement System was charged Monday with three counts of conflict of interest accusing him of taking gifts from an investment client.

Jack Chapman, who resigned in June 2004, was charged with three counts of conflict of interest alleging he took theater and sports tickets and a round of golf from pension fund clients. He's the third representative of the retirement system in less than a year to be charged with ethics violations.

The indictment accuses Chapman of taking the gifts from 1998 to 2003 from Frank Russell Corp./Russell Real Estate Advisors and Salomon Smith Barney, now Citicorp, while helping oversee pension fund investments the companies were handling, said Lara Baker, chief counsel for Columbus City Attorney Richard Pfeiffer Jr.'s criminal division.

Chapman is to be arraigned Tuesday. He declined comment Monday, referring questions to his lawyer, Ritchey Hollenbaugh. A message was left Monday evening at Hollenbaugh's office.

COURT DOCKET FOR JACK CHAPMAN'S ARRAIGNMENT

06/19/2006

ARRAIGNMENT SCHEDULED

Event: ARRAIGNMENT SCHEDULED

Date: 06/20/2006

Time: 9:00 am

Judge: AR4C, COURTROOM 4C

Location: 4C LOCATED ON THE 4TH FLOOR