Forensic Audit: Game On!

From Dean Dennis

February 19, 2021

Former SEC attorney and pension investigator Edward "Ted" Siedle has begun the forensic review of STRS which our Forum and the Watchdogs Forum coordinated with ORTA and ran through ORTA who commissioned the audit.

At the outset, it is clear to Ted that the pension is not as transparent as it needs to be. A tremendous amount of information regarding management of the investments has not been made public and he will need additional information from STRS. His first document request was sent today to STRS by attorney Marc Dann. Hopefully, STRS will recognize the value of the ORTA-sponsored review and choose to fully cooperate, rather than litigate.

Please take a moment to look at the document request (see below) to appreciate the depth of investigation required to determine whether our pension is being handled prudently.