Following the Payments

As part of a 2020 settlement with the federal Securities and Exchange Commission, an investment adviser from Allegheny County was ordered to make payments to government retirement funds in Pennsylvania within three years. The systems received the latest payments in June of this year.

Payment amounts are rounded and are based on copies of letters, financial statements, checks, and other documents that Spotlight PA obtained through requests under Pennsylvania's Right-to-Know Law. For Economy, one record indicated the total payments received was $7,426.92. We included $7,845 in the chart as that figure matches a detailed summary to the borough in June from William Vescio.
Chart: Ed Mahon / Spotlight PAGet the dataCreated with Datawrapper