The Globe reported Friday that the $1.6
billion MBTA pension fund’s former chief, Karl E. White, sold the $25
million investment to his former colleagues just nine months after he
left to join the New York-based hedge fund firm. The Fletcher funds are
now bankrupt and under investigation by the FBI and federal securities
regulators.
White told the Globe he was not the hands-on
manager of the money, although his title was chief investment officer.
He said he didn’t know of the alleged fraud his former boss, Alphonse
Fletcher Jr., widely known as Buddy, was conducting.
Full story for BostonGlobe.com subscribers.
http://www.boston.com/news/local/massachusetts/2013/12/21/coakley-investigate-million-hedge-fund-loss-mbta-pension-fund/hf20xVm0Rfzr4ihDTE7dcJ/story.html
THIS IS THE 3RD STORY ABOUT MONEY MISSING AND THE MBTA
STOLEN OR COUNTERFEIT CHARLIE CARDS
102 MILLION IN CASH AND 12 KEYS TO STRONGBOXES MISSING, MCGLYNN'S BROTHER-IN-LAW CALLS IT A COMPUTER GLITCH
AND NOW THIS!
WHEN IS COAKLEY GOING TO LOOK INTO THE COPPER CAPER AT THE MEDFORD HOUSING AUTHORITY
WHEN SHE STOPS DOING HER NAILS WITH DAWN NATALIA AND NELL COAKLEY'S NAIL POLISH AND GETS TO WORK
YA THINK MARTHA WANTS TO LOOK INTO THE FALSE BOMB THREAT AND THE PROPERTY FIASCO WHICH ALLEGEDLY LEADS BACK TO MCGLYNN?????
THE JUDGES ARE GOING TO GET AN EARFUL
YOU READ THAT RIGHT
PLURAL
AS IN JUDGES
