Florida Handed 200 Mil Pension Money To Scott Donor

[Me.]

Florida Handed $200 Million to Rick Scott Donor Amid Massive Contribution to Scott’s Super PAC

“A Florida state agency invested $200 million with a massive Wall Street private equity firm one week after the firm’s CEO donated to a Super PAC run by Florida Gov. Rick Scott.

The transactions came in the run-up to the 2016 presidential election. Scott, a Republican, ran the pro-Trump Super PAC at the same time he served as a trustee of the Florida agency, the State Board of Administration. The SBA manages the state’s investments, about 80 percent of which are for the state pension fund’s 1 million members and retirees.

On September 26 of that year, Stephen Feinberg, the CEO of the sprawling private-equity firm Cerberus, donated $500,000 to Rebuilding America Now, Scott’s pro-Trump Super PAC. In early October, one week later, the SBA made a $200 million commitment to a high-fee, high-risk Cerberus fund, Cerberus FSBA Levered Loan Opportunities Fund LP, according to a statement from the SBA.”…cont

https://theintercept.com/2018/10/18/rick-scott-florida-pension-fund/

A new disclosure shows Rick Scott and his wife have invested at least $18 million in financial firms managing money for the state’s pension system that he oversees.

“Florida Gov. Rick Scott and his wife have invested at least $18 million in three financial firms managing money for the state’s pension system that Scott oversees — a situation that intertwines the governor’s personal finances with his responsibility for supervising state employees’ retirement savings.

The investments were first divulged in a federal financial disclosure form that Scott filed as part of his U.S. Senate campaign in July. For most of his time in office, Scott has shielded his investments from public view, and only reported their overall value in his blind trust.

The terms of Scott’s investments remain undisclosed. The firms’ own corporate documents say they can give certain investors special preferences not afforded to other investors — and experts have in recent years argued that hedge funds, private equity firms, and other “alternative investments” are giving such preferences to elite investors. One former Securities and Exchange Commission attorney told MapLight and Capital & Main that Scott must disclose whether he is being given such preferences.”

https://capitalandmain.com/rick-scott-invested-in-the-same-financial-firms-as-floridas-pension-system-0914

[packman]

1. Yep, that's Scott - right down to his evil, corrupt soul

Why that POS of shit isn't in jail is a tribute to all that is wrong in American politics

[Me.]

2. And Why Nelson's Polls Aren't Wiping The Floor With Him

is another mystery

[Cracklin Charlie]

3. That's a good return on investment.

Spend 500K, get back 200M.

Thieves.

[Me.]

4. Right?

[Cha]

5. Thanks for exposing

this, Me.

GOTV Bill Nelson and Andrew Gillum, Florida!

[Me.]

6. It Might Up Nelson's Chances

If it becomes well known

[Cha]

7. Yeah, VIRAL IT!!

[Me.]

8. ...

[Cha]

9. And a KICK!