The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or email@example.com) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast.
These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or firstname.lastname@example.org) where a researcher can help you pinpoint what you need.
Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "investment adviser" ...
The story shows that the University of California had invested $2 billion into private equity funds and companies with policy making Regents that held substantial conflicts of interest. The Regents include California Gov. Arnold Schwarzenegger, his personal investment adviser, and the husband of Sen. Dianne Feinstein (D-CA).
The eight-month investigation found that the University of California invested $2 billion in private equity funds and companies in which several Regents held significant financial interests. The Regents include Gov. Arnold Schwarzenegger, his personal investment adviser, Paul Wachter, and Richard C. Blum, a Wall Street professional married to Senate Dianne Feinstein (D-CA).
The investigation revealed “how a school district’s use of risky “swaps” - derivatives that are bets on interest rate swings - caused huge losses and higher taxes for the district”. These “swaps”, given by financial advisors and investment banks, brought in millions of fees for them and left the school district in debt. Further, the school and adviser failed to terminate two swaps, which cost taxpayers millions more.
The investigation “focused on the advisers to Detroit’s public pension plans and their investments.” The findings revealed: advisers failed to display the problems with the businessmen who pitched investments, trustees didn’t follow their rules and had zero travel policies, and the fund invested a large amount of money in real estate.
This story deals with NFL players paying a hefty price for allowing people to manage their money. U.S. News examined more than 20 investment deals involving current and former NFL players and found many victims. In exclusive interviews with the magazine, the players described how they were allegedly defrauded. An example includes Buffalo Bills cornerback Antoine Winfield, who was bilked of $1.35 million by a close friend and financial adviser. Other examples illuminate the sometimes tawdry world of player recruitment.
Tags: investment adviser; Tampa Bay Buccaneers; NFL players; Securities and Exchange Commission; investment deals; defraud; Buffalo Bills; Donald Lukens; player recruitment; FBI; money laundering; National Football League Players Association; Cincinnati Bengals; Los Angeles Rams; Carolina Panthers; St. Louis Rams; Baltimore Ravens; San Diego Chargers; Global Sports and Entertainment; Denver Broncos; National Association of Securities Dealers
The story deals with the question of being cautious when dealing with investment advisers. Emshwiller says: "[...] the number of novice investors [...] has never been greater. And the fact that they know little makes them the ideal targets for scams." Although there are rules saying investment advisers must be registered, there are many people who work as such without registration. In this respect, the Securities and Exchange Commission and the states "try to catch wrongdoing by auditing investment advisers." Emshwiller adds the ideal thing to do id to interview at least two candidates when choosing a financial adviser, and not to rely on old friendships or word-of-mouth.