Chapter 2: Cover Up of Whistleblower
IN THIS LESSON
South Dakota Retirement System (SDRS) Board.
SDRS is the liability side of the Retirement System and actually pays out the pension benefit checks, does customer service for SDRS members and figures actuary assumptions. SDIC is the Asset side that generates investment income/gains to pay the liabilities. So if SDIC is not being prudent with the Assets/Internal Controls, then its SDRS that gets the heat from pensioners. SDRS should be very upset about this incident, but apparently not.
SDRS Board has meeting about “Personnel Matters” on June 4th, four days after the Whistleblower Retaliatory Termination of a Senior Investment Manager about a collapse of Internal Controls at SDIC.
Then they had a “Fiduciary Education” and “Internal Controls” presentation the next meeting in September and called it good. The “Fiduciary Education” was presented by John Richter, the lawyer that has also been advising Matt Clark/SDIC Board on sending the NDA to Renae Randall.
Darin Seeley, BHRA Commissioner signed off on the 3 months severance pay offer for the NDA.
Hank Prim, AG Office Special Agent, is the person Renae is supposed to file her AG Whistleblower report too. Out of all the people that work at the AG Office, it’s quite the coincidence that Renae would be assigned the one on the SDRS Board that’s known about it from the beginning. (Renae would refer to this guy as Hank Fink in her writings because she was having panic attack issues and her brain was fritzing out occasionally).
