A pension investigator has found the books of Minnesota’s state retirement system under Gov. Tim Walz’s oversight “blatantly cooked” and cloaked in secrecy – prompting teachers in his home state to beg the vice-presidential candidate to tell the truth about lackluster investment performance and massive hidden fees.

NY Post: Minnesota teacher pension fund under Tim Walz ‘blatantly cooked,’ investigator finds: ‘Undetected for decades’

New York Post wrote the story captured Minnesota mainstream media wouldn't touch.

EDWARD SIEDLE

OCT 5, 2024

“Pension officials were confident there would be no media scrutiny,” Siedle said. “No one has ever questioned them.”
A pension investigator has found the books of Minnesota’s state retirement system under Gov. Tim Walz’s oversight “blatantly cooked” and cloaked in secrecy – prompting teachers in his home state to beg the vice-presidential candidate to tell the truth about lackluster investment performance and massive hidden fees.

Edward Siedle, an ex-US Securities and Exchange Commission lawyer privately hired by worried educators, has just published a bombshell 113-page report titled, “Minnesota Mirage: Sleight of Hand.”

“The investment returns have been inflated, and the fees grossly underreported to make the pensions appear to be doing better than they really are,” Siedle told The Post. “This has gone undetected for decades.”

Read the entire New York Post article: https://nypost.com/2024/10/05/us-news/minn-teacher-pension-fund-under-tim-walz-blatantly-cooked-probe/ 

Read the entire 113-page investigative findings:

Minnesota Mirage In Template Final

1.24MB · PDF file