In February, the Dallas Business Journal ran a Q&A headlined "Two Minutes with Saul Meyer," referring to the founder of and partner at Harwood Street-based Aldus Equity. In the piece, Meyer said that what set Aldus apart from other private equity firms is its "degree of governance and transparency," which creates an "added degree of integrity that others can't match." To which New York and U.S. investigators this morning said, Yeah, not s'much.
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According to Bloomberg News, Meyer this morning was "was charged in a broadening scandal over New York City pension investments" -- the same one that involves Dallas-based hedge fund manager and St. Mark's grad Barrett Wissman, who, earlier this month, pleaded guilty to securities fraud and is now cooperating with the New York State Attorney General and the Securities and Exchange Commission's investigations into corruption involving that state's pension fund. The New York Daily News this morning summarizes the charges against Meyer, whose firm, it's alleged, "paid a hefty fee ... so Aldus could manage a $175 million pension fund investment."