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« | Home | »

MINNEAPOLIS PENSION OFFICIALS PREVENT WATCHDOG FROM WATCHING

By Michael B. Brodkorb | June 21, 2006

"The state auditor has accused board members of the failing Minneapolis teachers pension fund of creating an illegal $1.5 million trust for themselves and a top manager shortly before the fund is scheduled to merge with a larger state pension operation.

Auditor Pat Anderson directed aides to secure records from the Minneapolis fund, but they retreated Tuesday after a confrontation with pension officials at the fund's downtown offices.

'They told our staff to get out,' Deputy Auditor Tony Sutton said. 'They kicked our staff out.'

The auditor's office obtained some financial records before leaving and took the rare step of issuing a subpoena to gain others that may be relevant to the trust." Source: Star Tribune, June 21, 2006

Click here for the complete story.

Tags:

Topics: Pat Anderson | 9 Comments »

9 Responses to “MINNEAPOLIS PENSION OFFICIALS PREVENT WATCHDOG FROM WATCHING”

  1. EvilDemocratz Says:
    June 21st, 2006 at 8:02 AM

    Can anyone here spell the word “corruption”? Or maybe “cover up”?

    I knew you could.

    I’d watch the garbage for shreaded documents.

  2. wtm Says:
    June 21st, 2006 at 8:05 AM

    Finally, the union toadies have work to do — shred and hide the documents Whitewater-style.

  3. jail Says:
    June 21st, 2006 at 8:28 AM

    Can someone do a cross check on who these
    goons are donating to at the same time
    they shred documents left and right?

  4. Steven Says:
    June 21st, 2006 at 8:34 AM

    I think Mike Hatch is playing this right. Why didn’t you include that part in your post Michael?

  5. Disgusted Says:
    June 21st, 2006 at 9:32 AM

    Patty Anderson had to do SOMETHING to save face after she managed to lose three laptops full of personal data. Way to deflect Patty.

  6. Chris Says:
    June 21st, 2006 at 10:21 AM

    Disgusted – how did Anderson “manage” to lose the laptops. She wasn’t the one carrying them. Talk about deflection — it’s disgusting!

  7. bobby_b Says:
    June 21st, 2006 at 11:08 AM

    This is a reasonable disagreement on what protections are due (and needed by) the outgoing directors and staff from long-tail claims. Granted, it’s a weird and imaginative way to make sure that insurance is purchased to cover past acts, but, if it were my butt on the line for possible lawsuits concerning really really bad results, I’d want to make sure there was coverage. My impression was that that was the main goal. But, at the same time, an auditor HAS TO challenge this one, if for no other reason than, a court needs to look this over.

  8. Dave Says:
    June 21st, 2006 at 1:49 PM

    Backdoor Becky slithers into a state rep’s seat in a special election (where 20% of the registered voters actually voted) and she gets beat immediately! And now you Demo-hacks make her your victim for State Auditor? She couldn’t find governmental waste with a road map.

  9. Roving Reporter Says:
    June 21st, 2006 at 6:08 PM

    So, would you say that Patty is not responsible for the contents of her office that are not directly on her desk, but Amy Klobuchar is responsible for prosecutions mishandled by attorneys in her employ?

    You never cease to amaze me with your cosistency, Chris.

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