Wednesday, July 23 2014 10:33 PM EDT2014-07-24 02:33:46 GMT
Passengers aboard a Megabus were stuck in Fort Deposit on Wednesday after the bus suffered a mechanical issue and the driver became ill. A spokesperson for Megabus told WSFA 12 News that the bus was headingMore >>
Passengers aboard a Megabus were stuck in Fort Deposit on Wednesday after the bus suffered a mechanical issue and the driver became ill.More >>
Family members of victims of a plane crash were flying to the small Taiwanese island on Thursday where the plane had unsuccessfully attempted to land in stormy weather, killing 48. There were 10 survivors, and authorities...More >>
Wednesday, July 23 2014 9:43 PM EDT2014-07-24 01:43:00 GMT
Autauga County authorities say a meth operation was busted and three people were arrested thanks to an anonymous tip. Billy Ray Kizziah, 21, of Deatsville, Joe Davis Henderson, 22, of Marbury, and KimberlyMore >>
Autauga County authorities say a meth operation was busted and three people were arrested thanks to an anonymous tip.More >>
Wednesday, July 23 2014 9:24 PM EDT2014-07-24 01:24:41 GMT
The U.S. Supreme Court cleared the way for Arizona to carry out its third execution in the past year Wednesday following a closely watched First Amendment fight over the secrecy surrounding lethal injection drugs.More >>
A condemned Arizona inmate gasped and snorted for more than an hour and a half during his execution Wednesday before he died in an episode sure to add to the scrutiny surrounding the death penalty in the U.S.More >>
PHOENIX (CBS5) -
The director of the Arizona Police Association wants answers.
Levi Bolton wants a criminal investigation to see if the retirement funds of police and firefighters have been grossly mishandled.
"Would you give the captain who ran your ship into the rocks a performance bonus?" asked Bolton. "Probably not."
Bolton has just sent a letter to the state attorney general's office requesting a criminal investigation into the conduct of board members with Arizona's Public Safety Personnel Retirement system.
The board of trustees has been giving out lucrative bonuses to its investment staff, while the trust was posting huge financial losses from 2008 to 2012.
Concerns have also been raised about administrators recording higher values on real estate investments, rather than reporting lower values as determined by an independent appraiser.
"One thing that is a clue to nefarious behavior, or at least conduct that certainly is suspicious, is an attempt to cover it up," said Bolton. "When I see that, that is a problem."
CBS 5 went to the board of trustees annual meeting Wednesday to get some answers.
Board Vice President Greg Ferguson said that they are currently investigating the allegations of mismanagement, but he does not believe they have done anything wrong.
"We went out and hired an independent law firm to come in and look at our process," said Ferguson. "We think there is nothing wrong with the process. We've had auditors look at it and we have nothing to hide. We think we are doing everything correctly."
The board voted this week to end the practice of giving bonuses to its investment staff, which should save taxpayers more than $200,000 this fiscal year.
No word yet on whether the attorney general's office will launch an official investigation.
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