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Risky investments in pension funds raise concerns across U S
AP Special Assignment Team reports 70 percent of private pension assets worth 126 billion dollars tied to risk investments from Las Vegas mortgages to Rancho de los Penasquitos and Beverly Ridge Estates. Central States fund holds 53 million in Rancho de los Penasquitos loans and 60 million in Las Vegas mortgages while facing federal grand jury scrutiny.
MENTIONED IN THIS ARTICLE
Dick Barnes Washington
Las Vegas
Teamsters Union
Central States
Southeast
Southwest Area
Southern California
la Costa
San Diego
Rancho de Los Penasquitos
Irvin Kahn
Morris Shenker
James R. Hoffa
Teamsters
Pension Fund
Caesar's Palace
Landmark
Dunes
Stardust
Fremont Hotels
Florida
Ala
Beverly Hills
Calif
Beverly Ridge Estates
Hoffa
Beverly, Ridge Estates
Los Angeles
City of
National Electrical Bench
pension/fit Fund
E Electrical Industry
Prudential Insurance Co
iSolo.Cup Co
Chicago
Plan
New York
CBS
New York Yankees
Yankees
Lee MacPhail