Missouri's Retirement Account Hit By Madoff Scandal
Missouri's Retirement Account Hit By Madoff Scandal
Last Edited: Saturday, 17 Jan 2009, 1:14 PM CST
Created: Saturday, 17 Jan 2009, 1:01 PM CST
Financial Times: In Depth Madoff Scandal Coverage
JEFFERSON CITY--Missouri's retirement account is about $3.5 million lighter thanks to a scam by former Nasdaq Stock Market chairman Bernard Madoff. State Treasurer Clint Zweifel says the money from the Missouri State Employees' Retirement System was placed with Seattle-based Silver Creek Capital Management, which invested the funds with Madoff.
The link to Madoff and the lost money was discovered earlier this week.
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