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Pension Fund Losses Could Reach Four Billion
Labor Department warns private pension funds face up to 4 billion in losses from corruption by attorneys bankers and advisers. Acting inspector general Raymond Mafa cites parallels to S&L and HUD scandals as auditors scramble to curb a growing misuse affecting about 70 000 plans with assets near 1.7 trillion.
MENTIONED IN THIS ARTICLE
Labor Department
Savings and Loan Industry
Department of Housing and Urban Development
Raymond
House
Tom Lantos
D-Calif
Santos
Aria
S&ls
S&l
Maria
Justice Department