Have pension funds in your community or state been victimized by white-collar criminals?

Dialogue query week 3 white collar crime

Sure, pension funds in lots of communities and states have been victimized by white-collar criminals. Up to now decade, some high-profile instances of fraud involving public pension funds have emerged. For instance, in 2013 a former govt director of the New York State Frequent Retirement Fund was sentenced to jail for soliciting bribes from funding advisers who needed entry to the fund’s $160 billion portfolio. The U.S. Securities and Change Fee has additionally taken motion in opposition to quite a few officers concerned in schemes to defraud pension plans at state and native authorities businesses throughout the nation, together with schemes involving kickbacks, misappropriation of property, false efficiency claims and insider buying and selling.

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