STRS involvement in investment scams? (No)
Subject: Fwd: RE: I wonder if STRS invested in any of these scams?
Subject: RE: I wonder if STRS invested in any of these scams?
From John Curry, December 21, 2007
"Attorney General Marc Dann told reporters that the scheme even touches on some state employee pension funds. He said the state is looking at bringing a civil case on behalf of the funds, which invested in companies that had purchased investment bonds connected to the fraud scheme.
Dann said the indictments and lawsuits will continue across the state, with hundreds being charged or sued in related and unrelated cases."
Akron Beacon Journal, December 21, 2007
17 people, two Akron companies face 147 counts. More action expected across Ohio in investigation of mortgage, securities scams that raked in millions
By Phil Trexler and Rick Armon
Beacon Journal staff writers
It was an extensive two-year investigation into Akron-area mortgage fraud — about 800,000 pages of documents and thousands of manpower hours costing taxpayers millions.
And more is expected.