Chris Tobe's journey as the author of "Kentucky Fried Pensions" is the first public SEC whistleblower which attempted to use the new Dodd-Frank law to clean up the culture of cover-up and corruption in Kentucky Pensions. It explores the national links between corruption in investments via placement agents and corruption in underfunding that plague states like Illinois and Kentucky. Kentucky Fried Pensions explores the Kentucky Employee Retirement System (KERS) for State Workers as the worst funded state plan in the country (worse than any single IL plan) and how others can learn from its current death spiral. The book looks into the lack of transparency as evidenced by no disclosure of holdings in SAC Capital buried in a Blackstone fund for nearly a year after the scandal broke. It connects a placement agent network to New Mexico, California (CALPERS) Illinois, New York, Connecticut and Rhode Island. The book has received glowing reviews in Forbes and Public Sector Inc. and has made the non-fiction bestseller list in Kentucky This new and expanded 2nd Edition provides updated coverage of Kentucky's ongoing pension funding crises and provides comparison with those of Detroit and Rhode Island. Be sure to watch the PBS Special "The Pension Gamble" which aired in October 2018, where Tobe and other experts reveal the massive eventual meltdown in public pensions in places like Kentucky, Illinois, New Jersey, Conneticut and more. You may connect with Chris on Facebook, Kentucky Fried Pensions
Originally broadcast 10/31/18
