Oklahoma Attorney General Gentner Drummond refused to approve a contract for an investment advisor in the Invest in Oklahoma program, citing collusion and undisclosed conflicts of interest that tainted the bidding process. Drummond sent a five-page letter to Treasurer Todd Russ on Wednesday outlining his concerns about the bidding process and the Invest in Oklahoma board vote […]
Paul Monies
Posted inNews
New Questions Emerge Over Oklahoma’s Invest in Oklahoma Contract After Shared Lobbyist Discovered
Oklahoma Treasurer Todd Russ hired the same lobbying firm as the parent company of a financial firm he later recommended for a state contract, raising more questions about whether the treasurer’s compressed selection process was fair and transparent. The contract gives 311 Capital Management LLC, a subsidiary of Citizen Capital LLC, a potentially lucrative investment […]
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Oklahoma Governor’s Vote Steered $2 Billion Advisory Role to Former Business Partner’s Firm
Oklahoma Gov. Kevin Stitt voted to award a lucrative investment advisory contract to a firm owned by his former chief of staff and one-time business partner — a company that has the power to steer more than $2 billion in state pension, endowment and sovereign wealth fund money. As chairman of the newly created Invest in […]