Edward Siedle on Transparency

"A manager of traditional stock and bond assets cannot get away with claiming the values of publicly-traded stocks are higher than the quoted prices. 

"So, this is not a sandbox the savvy scammer wants to play in.

"However, assets that are not publicly-traded and therefore lack clear-cut, readily ascertainable values -- like real estate, venture capital, and private equity, are tailor-made for scamming."

~ From Edward Siedle's book How to Steal a Lot of Money - Legally, page 130.

He also notes "Transparency is always the scammer's enemy, secrecy his friend." Still wondering why secrecy is the order of the day with STRS management while transparency continues to be hidden away, rotting in the closet?