AP: Rick Perry's Appointees at TRS Involved in “A series of ethical lapses and insider deals”

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Breaking news from the Associated Press:

A government whistleblower memo White's campaign released Tuesday describes a series of ethical lapses and insider deals at the $100 billion Teacher Retirement System of Texas, where private investment managers that made huge contributions to Perry allegedly got special treatment.

The leaked memo was written by a former TRS director of private market investments. Executives associated with the companies have given thousands of dollars in campaign contributions to Perry, records show.

White is treating the memo as an October surprise in the 2010 governor's race, and he plans a news conference Tuesday. Neither the Perry campaign nor TRS immediately responded to calls for comment.

You can read the full 14-page whistleblower memo, released by the Bill White campaign, here. We'll have much, much more on this as it develops.

About Author

Phillip Martin

Currently the Research and Policy Director for Progress Texas and the Texas Research Institute, Phillip Martin writes occasional long-form pieces for BOR that promote focused analysis and insight into Texas politics. Born and raised in Austin, Phillip started working in politics in 2003 and started writing on BOR in the summer of 2005. Phillip has worked for the Texas Democratic Trust, the Texas Legislative Study Group, and now the Progress Texas family. He is a lifelong Houston Astros fan, a loyal Longhorn, and loves swimming at Barton Springs Pool.

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