COLUMBUS, Ohio-Rudy Fichtenbaum, the chair of the State Teachers Retirement System (STRS) pension board, is defending himself against bribery and corruption accusations made by Ohio Attorney General Dave Yost. Fichtenbaum is considering a settlement with the investment firm at the center of the controversy. The STRS is currently in turmoil, with board conflicts, resignations, and allegations of corruption and fund mismanagement. Yost’s lawsuit seeks to remove board members Wade Steen and Fichtenbaum, accusing them of participating in a scheme to steer contracts to the investment firm QED, which could benefit them personally.
Ohio teachers’ pension chair still considering deal with controversial firm at center of scandal
