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Pension influence report investigated

COLUMBIA — The head of South Carolina’s State Law Enforcement Division has confirmed to The Associated Press his agency is investigating a report that investment companies were told they could improve their chances of handling state pension investment work if they paid a friend of the state treasurer.

But Charleston investor Mallory Factor, whose research triggered the investigation, told The Associated Press late Wednesday that he had done nothing wrong and was trying to help the state make and save money. The agency has contacted him about the investigation and said they are treating him as a witness, not the target of the inquiry, he said.

Documents obtained by The Associated Press show two investment companies reported suspicious calls that sought payments to Factor, who is a friend of Treasurer Curtis Loftis.

The reports prompted the South Carolina Retirement System Investment Commission in November to ask the state attorney general for an investigation.

In other news

A FEDERAL APPEALS court on Wednesday granted a new hearing to a 40-year-old man who claimed the Atlanta Police Department rejected his job application because he has HIV.

SOUTH CAROLINA workers in part-time and seasonal jobs could not receive unemployment benefits under bills advanced Wednesday to the Senate floor, while the more controversial unemployment measures gained no traction.

ATLANTA MAYOR Kasim Reed and U.S. Transportation Secretary Ray LaHood broke ground Wednesday on the $94 million streetcar line, which will be funded in part by a $47.6 million federal grant.

– From wire reports


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