Texas pension fraud case highlights cybersecurity risks
A man was sentenced for helping steal nearly $1 million from participants in the Employees Retirement System of Texas, a development that occurs as the DOL is ramping up efforts to boost cybersecurity in retirement plans.
A man who helped siphon hundreds of thousands of dollars from Texas retirees was sentenced last week to eight years in prison.
Olumide Morakinyo, 38, a Nigerian national who was living in Canada, was found guilty in U.S. District Court for the Western District of Texas of conspiracy to commit mon
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