Graduate Business Students Invited to Join the Largest Pension Forensic Investigation in History: CalPERS
Public pension scamming is skyrocketing today, so there may be career opportunities in the future for those that are passionate about protecting America’s investors.
On Saturday, November 1, 2025, Florida Atlantic University students will be introduced to the secretive dealings of America’s state and local public pensions, invited to participate in an ongoing investigation of the nation’s largest state pension (California Public Employees Retirement System) and begin a lifelong course of learning about the management/mismanagement of these massive plans.
Every single day, $6.5 trillion in assets set-aside nationally to secure the retirement security of millions of state and local government workers is exposed to some of the highest-cost, highest-risk investments ever devised by Wall Street, including hedge and venture funds; private equity and debt funds; real estate and infrastructure funds; and even funds… of funds… of funds. Cryptocurrency is also weaving its way into these state pensions.
There’s legions of Wall Street hucksters crafting and selling these costly toxic products to the dumbest investors in the room—state pension officials with no investment experience driven by political considerations. But there’s hardly anyone skilled in forensically investigating the wrongdoing that will eventually… inevitably unravel.
The scamming is skyrocketing today, so there may be career opportunities in the future for those that are passionate about protecting America’s investors.
Join us for an immersive experience, where you will:
Have a conversation with Ted Siedle:
Nationally recognized advocate for transparency & accountability.
Exposed hidden fees, conflicts of interest & governance failures.
Led the largest investigations of the $500B+ CalPERS pension fund.
Link to register: https://fau.libcal.com/event/15492120
The theft occurs when actuaries report to the state legislature that the system didn't earn enough from the members' contributions, the taxpayer contributions, and the return on investment to cover the cost of benefits earned for the fiscal year. The state legislatures merely robs what is needed from other people's earned income. It' a dirty system that only benefits a few.
Thank you for all you do on behalf of exposing the sleaziness and most probably criminality of Wall Street concerning public pension funds. Just yesterday I learned, in the smallest state, our public pension fund is paying in excess of 330 million dollars annually in management fees while our “pension reform has eliminated COLAs since 2012. Of course these “investments” are proprietary and we the members of the fund cannot be informed. What a scam! We have an investment committee in Rhode Island that is probably laughed at on Wall Street.