Managers of the $10 billion pension fund for D.C.’s firefighters, police and teachers are under investigation by federal prosecutors.
The Washington Post reports that former acting U.S. attorney for the District of Columbia, Channing D. Phillips, subpoenaed the fund’s retirement board to turn over records for a criminal investigation in August.
The request was for financial transaction records, specifically payments to investment managers and consultants, according to the paper.
