Education A State Capitals Roundup

Illinois Indictments Allege Pension-Fund Kickbacks

By Sean Cavanagh — August 09, 2005 1 min read
  • Save to favorites
  • Print

The U.S. attorney’s office for the Northern District of Illinois on Aug. 3 charged Stuart Levine, a lawyer, businessman, and former trustee of the Teachers’ Retirement System, with soliciting hundreds of thousands of dollars in kickbacks and illegal payments.

Federal officials also charged two prominent Chicago lawyers, Joseph Cari and Steven Loren, with assisting Mr. Levine in the alleged scheme. The three men allegedly sought to extort money from investment firms seeking to do business with the retirement fund, which represents 325,000 teachers and school employees in districts outside of Chicago. The pension system, established by the state in 1939, listed net assets of roughly $31 billion in fiscal 2004.

Mr. Cari and Mr. Loren are cooperating with federal investigators, the U.S. attorney’s office said in a statement.

Related Tags:

A version of this article appeared in the August 10, 2005 edition of Education Week

Events

This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Student Well-Being Webinar
Start Strong With Solid SEL Implementation: Success Strategies for the New School Year
Join Satchel Pulse to learn why implementing a solid SEL program at the beginning of the year will deliver maximum impact to your students.
Content provided by Satchel Pulse
Teaching Live Online Discussion Seat at the Table: How Can We Help Students Feel Connected to School?
Get strategies for your struggles with student engagement. Bring questions for our expert panel. Help students recover the joy of learning.
This content is provided by our sponsor. It is not written by and does not necessarily reflect the views of Education Week's editorial staff.
Sponsor
Science Webinar
Real-World Problem Solving: How Invention Education Drives Student Learning
Hear from student inventors and K-12 teachers about how invention education enhances learning, opens minds, and preps students for the future.
Content provided by The Lemelson Foundation

EdWeek Top School Jobs

Teacher Jobs
Search over ten thousand teaching jobs nationwide — elementary, middle, high school and more.
View Jobs
Principal Jobs
Find hundreds of jobs for principals, assistant principals, and other school leadership roles.
View Jobs
Administrator Jobs
Over a thousand district-level jobs: superintendents, directors, more.
View Jobs
Support Staff Jobs
Search thousands of jobs, from paraprofessionals to counselors and more.
View Jobs

Read Next

Education Briefly Stated: June 8, 2022
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: June 1, 2022
Here's a look at some recent Education Week articles you may have missed.
8 min read
Education Briefly Stated: May 11, 2022
Here's a look at some recent Education Week articles you may have missed.
9 min read
Education Briefly Stated: April 27, 2022
Here's a look at some recent Education Week articles you may have missed.
9 min read