Edward Siedle, an ex-US Securities and Exchange Commission lawyer privately hired by worried educators, has just published a bombshell 113-page report titled, “Minnesota Mirage: Sleight of Hand.”…
Minnesota Gov. Tim Walz , Kamala Harris ' running mate for the presidency, has come under fire from teachers for alleged mismanagement of their pension system.A pension investigator has found the books of Minnesota’s state retirement system under Gov. Tim Walz ’s oversight “blatantly cooked” and cloaked in secrecy – prompting teachers in his home state to beg the vice-presidential candidate to tell the truth about lackluster investment performance and massive hidden fees.
Kamala Harris boosted solar firm linked to Chinese slave labor with nearly $2B in handouts to set up US plant The TRA has also posted gains claiming it beat its own benchmark by exactly 0.2% in every period for 30 years — which Siedle calls “virtually impossible.” Even before Siedle began his audit, state officials launched an “aggressive preemptive attack” in a bid to quash his investigation, he found. They urged teachers in the Facebook group to drop the probe, and held Zoom meetings with pension officials in other states to discuss how to stop “the movement.”
TRA referred his inquiries to the State Board of Investment, which has yet to produce any records; “We have received nothing,” Siedle said. “Tim Walz is an honorable man,” Temple said. “So I’m hoping that now that this is out, when the governor has some time he can look into it, or assign lieutenant governor Peggy Flanagan to do it.”Gov. Walz, a former teacher, “has shown no support whatsoever” for educators begging the state to scrutinize their retirement system, they say.“Pension officials were confident there would be no media scrutiny,” Siedle said. “No one has ever questioned them.
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