Christie Officials Hid Wall Street Fees From NJ Officials
"Earlier this year, IBTimes reported that the Christie administration had quietly changed how pension fees were reported. Amid a pay-to-play investigation and general scrutiny of Christie officials delivering pension deals to politically connected financial firms, the governor’s State Investment Council specifically classified $335 million of payments to financial firms as “performance allocations,” allowing the Christie administration to assert that the state paid just $265 million in fees that year."
