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GoLocalProv | How To Steal A Lot Of Money—Legally


Siedle s New Book
How To Steal A Lot of Money Legally, offers a more engaging approach to financial literacy, teaching students how the most successful Wall Street scammers steal from investors perfectly legally. There is value in studying stealing. You can learn as much from studying investment scamming as you can from traditional financial literacy programs because so much of what passes as financial advice is, in fact, a bogus money-grab. For investors, the choice is simple either study bad behavior and be forewarned, or risk losing everything you own.
In a nation more deeply divided than ever about every conceivable issue, a broad consensus has surprisingly emerged that financial literacy is broadly lacking and the need for a financial education for every American is urgent. President Biden recently issued a proclamation deeming April 2021 as National Financial Capability Month. This communication emphasizes the benefits of financial capability, the value of financia ....

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Lawsuit seeks unredacted reports from Ohio State Teachers about alts investments


Lawsuit seeks unredacted reports from Ohio State Teachers about alts investments
Lawsuit seeks unredacted reports from Ohio State Teachers about alts investments
Getty Images/iStockphoto
A lawsuit was filed in the Ohio Supreme Court to force the $89.5 billion Ohio State Teachers Retirement System, Columbus, to release unredacted reports related to the pension fund s alternative investments.
The writ of mandamus complaint was filed May 21 by Edward Siedle against the pension fund and CEM Benchmarking Inc., seeking unredacted reports related to the pension fund s alternative investment management fees, costs and expenses.
Mr. Siedle is an attorney and president of Benchmark Financial Services Inc., which was hired by the Ohio Retired Teachers Association in October to perform a forensic audit on the teachers retirement system. ....

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GoLocalProv | Providence Pension Could Bankrupt Rhode Island City


As indicated below, the Mayor of Providence agrees with this dire analysis.  
According to the Comprehensive Annual Financial Report (CAFR) of the City for the fiscal year ended June 30, 2019, the Employee Retirement System of the City (ERS) had a funded ratio of only 25.83%. That is, ERS had approximately $367 million in assets to cover its total $1.4 billion pension liability.GET THE LATEST BREAKING NEWS HERE SIGN UP FOR GOLOCAL FREE DAILY EBLAST
ERS, which secures the retirement of 3,658 retired participants and their beneficiaries, as well as 2,889 active participants, is severely underfunded by more than $1 billion. Since 2014, the pension unfunded liability has grown from $872 million and the funding level has fallen from 29%. ....

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