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


by: Phillip Martin

Tue Oct 19, 2010 at 11:31 AM CDT


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.

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