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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: James F. Hopkins who wrote (92413)9/23/2001 2:59:13 PM
From: Joan Osland Graffius  Respond to of 132070
 
James, >>Do you Think we can blame it on the Russian Mafia ?

I did not read all the details of the case, but it was the Minnesota Mafia (people that were managing the fund) that invested a large portion of the funds in a Minnesota company that went up in smoke. <g> There were people involved with the pension fund that were personally invested in this company and made some serious money. There are a few folks that are/will be doing jail time, but obviously the courts did not find sufficient funds to cover all the losses.

Joan