
Minnesota teacher pension fund under Walz accused of 'cooking the books' with unrealistic gains: report
Fox News
Under Gov. Walz, Minnesota’s Teachers Retirement Association is accused by a pension investigator of hiding fees and reporting implausibly high returns, termed a "Madoff miracle."
"Even Bernie Madoff didn’t claim to beat the market every single year — and certainly not by the exact same percentage," Siedle said, and called the TRA performance a "Madoff miracle under Walz’s watch." Jamie Joseph is a writer who covers politics. She leads Fox News Digital coverage of the Senate.
The late financier Madoff orchestrated the largest investment fraud in Wall Street history, and pleaded guilty in 2009 to running a Ponzi scheme that swindled thousands out of their life savings.
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