New York Pension Ethics Scandal

Sharona Coutts in Propublica in December 2009 reported the following:

• Elliott Broidy, the Republican National Committee’s former finance chairman, “pleaded guilty Thursday to paying nearly $1 million in bribes to officials at New York State’s pension system”
• The New York pension system, with $110 billion in retirement savings, is controlled by a sole trustee with no board oversight. This system is still in place.

To read the entire article, click on Prominent Political Fundraiser Pleads Guilty in N.Y. Pension Scandal.