Ohio AG Yost files subpoenas in teachers pension scandal; investment firm responds
WCPO: Eric Chaffee, professor and the Peter M. Gerhart Distinguished Research Scholar at the School of Law, discussed Ohio Attorney General Dave Yost’s decision to issue subpoenas in a bribery scandal involving the State Teachers Retirement System. Allegations include misconduct by board members and conflicts of interest with investment firm QED. The controversy centers on management of pension funds, with factions debating between active and index fund strategies. “There are concerns about making sure that evidence is maintained, that ultimately the truth is discovered,” Chaffee said.