By Dan Kennedy • The press, politics, technology, culture and other passions

I’m shocked, shocked to find that pension shenanigans are going on in here

From The Washington Post:

Hedge fund Alden Global Capital probably violated federal pension protections by putting $294 million of its newspaper employees’ pension savings into its own funds, according to a Labor Department investigation.

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  1. Sandra Clark

    So he “invests” the pension money from one media acquisition into his fund which then buys another media property. Can anyone here spell PONZI?

  2. Jerry Wolf

    We didn’t do it, and we won’t do it any more.

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