Texas Gov. Rick Perry Accused by Whistleblower

 

Strict Standards: Declaration of C_DataMapper_Driver_Base::define() should be compatible with C_Component::define($context = false) in /nfs/c06/h01/mnt/156219/domains/quitamteam.com/html/wp-content/plugins/nextgen-gallery/products/photocrati_nextgen/modules/datamapper/class.datamapper_driver_base.php on line 0

A whistleblower who was once a staffer for the Teacher Retirement System of Texas has accused state Governor Rick Perry of political misdeeds. At the center of the allegations is that Perry appointees pressured staffers to pick investment companies that benefit Perry contributors. The whistleblower now works elsewhere.

This means that there are cases where the Teacher Retirement System of Texas fund’s are going to private equity managers that are big supporters of Rick Perry. The lengthy memo by this whistleblower has been leaked and gives specific examples.

Encap Energy Capitol was a negative recommendation in regards to investment that, according to the memo, staffers were pressured into reversing because Encap has several top managers that are major political donors to Perry.

Another instance has the staff being forced to approve  investments from managers who had an outside “placement agent” that was a notable Perry supporter.

Yet another situation involved Aldus Equity being rejected by the staff as an investment manager. The staff was later chided by upper management for refusing to write a favorable recommendation for Aldus. Staffers were informed that Aldus had “friends on the board” but the fund did not invest in Aldus. Shortly after the staff rejection the Dallas based Aldus Equity went out of business following a lawsuit in New York alleging kickbacks and other ethical breaches. The founder of Aldus Equity pleaded guilty to fraud.

Democratic candidate Bill White has stated that investment funds led by Perry donors have received more than $6 million in fees from the $100 billion fund. White has called for an audit of the Teachers Retirement System based on the whistleblowers memo. Perry’s office claims the matter has been previously turned over to the state’s auditor.

It should be noted that as this topic gains some media attention Gov. Perry has refused a public debate with White which is the first time is 20 years a Texas Gubernatorial incumbent has turned down a debate.

Sources:

http://www.publicbroadcasting.net/kera/news.newsmain/article/0/0/1714867/North.Texas/Smadi.Gets.24.Years..and..Midday.Roundup

http://trailblazersblog.dallasnews.com/archives/2010/10/whistleblower-teacher-retireme.html

 
 
 

0 Comments

You can be the first one to leave a comment.

 
 

Leave a Comment

 

You must be logged in to post a comment.