|
Dallas
Police & Fire Pension System
Federal Indictments: Dallas Pension System 2024
Crimes or acts of public corruption committed by
Dallas elected officials, trustees and employees can be reported anonymously
using the information available at
this site.
Many illegal acts are
discovered
by tips from honest
people who
are not certain of all the facts. Even if you have no physical evidence, you
can still provide a description of your concerns and why you believe a crime
has occurred.
FBI Investigation, April 2016 - Federal investigators
executed warrants at the offices of former System investment advisor
CDK Realty Advisors.
The real estate investment firm once managed more than $700 million real estate portfolio for the
fund,
but the two have had a messy split since the fund's administrator,
Richard
Tettamant, was ousted in June 2014. Source:
Dallas Morning News
CA FORENSICS, LLC,
June 2016 - System staff without Board authorization file
suit against a former
System fraud examiner in an attempt to silence a well-informed critic of
the System's governance at a time when there is deep distrust between city
officials and the
System, multiple criminal investigations are ongoing, and System
officials are fighting for continued
control of the fund's assets.
Counterclaim
General Counsel Lawson, August 2017 - System trustees
authorized a lawsuit against former System General Counsel
Gary Lawson. The
litigation states Lawson
had power that was "very
broad
and not
limited to discrete
tasks, matters or issues," further noting
that had
he "simply spoken up, millions of dollars lost
in investments
could have been saved."
System Lawsuit
Townsend Group, December 2018 - According to
court documents
filed by former
real estate investment advisor Townsend Group, the System
acknowledged there
is an “ongoing investigation” by federal investigators concerning
its real estate investment program, and the System has made "millions of
documents" available to the FBI for review and copy.
298th
Judicial District Court, Dallas County, Texas Cause No.
DC-17-11306
Samuel Friar
Resigns, May 2019 - System trustee and former Board Chairman
Samuel Friar resigned. Deputy Vice Chair
Samuel Friar served on the Board since 2011, and was
one of three System trustees to vote against the forced resignation of long-time
System Administrator Richard
Tettamant during June 2014. Included with Chairman
Friar's vote against Tettamant's forced resignation were former long-time
Board Chairman
Gerald Brown,
and trustee John Mays.
FBI Investigation, October 2019 - Since February 2019,
System officials have continued to provide the Federal Bureau of
Investigation with documents that "are stunning" and are "proverbial smoking
guns." According to
court documents filed by attorneys for former investment advisor Townsend Group,
System officials met with Special Agents from the Bureau, prepared flash drives and gave
FBI agents access to document
servers.
More Words, More Truth
Columbus A.
Alexander, III, CPA
Certified Fraud Examiner
| 
