http://www.chicagotribune.com/news/local/chi-0508100130aug10,1,7823785.story?ctrack=1&cset=true U.S. scours pension deals
Fees paid to GOP treasurer are among subpoenaed records
Federal authorities investigating the state teacher pension fund have subpoenaed the records of investment deals that netted the national Republican Party's treasurer $4.5 million, according to sources familiar with the investigation.
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Last week, federal prosecutors charged former pension board member Stuart Levine with extorting money from investment firms that were seeking board business.
Kjellander, Illinois' longtime national Republican committeeman and a friend of President Bush's political strategist Karl Rove, has received $3.1 million representing The Carlyle Group, a Washington-based investment firm that focuses on private equities.
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The Teachers' Retirement System committed $500 million to Carlyle in six investment deals with Kjellander serving as the firm's lobbyist.
Board officials, however, say Kjellander's $4.5 million in fees were among the highest they had ever seen and higher than they had realized, prompting them to ask Carlyle to make a special appearance before the board Thursday.
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they sure don't mind using teacher's money for their own devices