While we’re on the topic of Kentucky Retirement Systems today, let’s address something. Several of Crit Luallen’s people are continuing to freak out every time we mention the audit conducted. We’ve made it extremely clear that Luallen and her staff willfully turned a blind eye when it came to investigation.
Here’s another reason that’s based in reality: the two key players in the placement agent scandal, Adam Tosh and Glen Sergeon, were merely requested to be interviewed by Luallen. Requested. And they declined.
The Auditor of Public Accounts has subpoena power and didn’t bother using it.
From KRS 43.080:
The Auditor and his assistances may issue process and compel the attendance of witnesses before them, and administer oaths and compel witnesses to testify in any of the investigations the Auditor is authorized to make.
If Luallen really wanted to get to the bottom of the KRS mess, she would have used that power. The only reason we can come up with? She didn’t want to know what she might find out. As she and her staff who remain on Adam Edelen’s team continue to say they did everything they could? Well, no, they absolutely did not.
Nothing is going to change with the new Edelen team, either, and we started to discuss why that’s based in reality yesterday.