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November 09, 2009

Federal Fraud Investigation of Florida State Board of Administration Investing.

   The story has just broken that there is a previously secret Federal Fraud Investigation of the Florida State Board of Administration:  Sydney P. Freedberg, "Fraud Probe Aims at SBA" (St. Petersburg Times Online, Thursday, November 5, 2009).

   Readers of previous posts in this space and on Insurance Claims and Issues Web Log at www.insuranceclaimsissues.typepad.com know that questions concerning Fiduciary Duties were raised at and ever since the time that unprotected investments, made by the SBA with funds from Local Governments that were provided to the SBA to invest in only safe venues, soured and eventually went bust.

Please Read The Disclaimer. 

Posted by on November 09, 2009 at 08:13 AM in Fiduciary Duty, Market Performance |

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