P.O. Box 191078
Anchorage, AK 99519-1078
907-278-9455
info@apfboardconfirmation.org.

January 2010

“The only thing necessary for the triumph of evil is for good men to do nothing.” Edmund Burke

The lack of investigative reporting regarding how corrupt Alaska Permanent Fund Board is especially Mr. William G. Moran, Jr. mystifies us as the Governor is the only level of responsibility. Governor Sean Parnell appoints the Board which is not confirmed by Alaska Legislature. We found it unbelievable that former Governor Sarah Palin brought up Alaska Permanent Fund as something she is proud of during the only Vice-Presidential Debate October 2, 2008 at Washington University in St. Louis. The media must expose the lack of supervision of Alaska Permanent Fund Board immediately.

The normal monthly practice of Alaska Permanent Fund Board (APFB) members and Mr. Michael J. Burns is to make "Individual Investment Transaction Disclosures (IITs)" in the Stock Market to enrich their private bank accounts and, in the case of Mr. William J. Moran, Jr., enrich his two privately held banks. Please click on each name on the left for their signatures on their IITDs. Anywhere else in U.S. this practice would be labeled "insider trading" which is trading of a corporation's stock or other securities (e.g. bonds or stock options) by individuals with potential access to non-public information about the company. "Insider trading" raises the cost of capital for securities issuers, thus decreasing overall economic growth. Martha Stewart, American business magnate, was charged and convicted in a jury trial in 2004 in U.S. District Court, New York, based on this practice. She was convicted of conspiracy, making false statements, and obstruction of justice. She received tips in advance of the release of U.S. Stock Exchange transactions and invested in the Stock Market before the information was available to all investors. She served five months in jail and five more months under home confinement requiring that she wear an ankle bracelet. Her appeal was denied by U.S. Court of Appeals for the Second Circuit in 2006.

APFB and Mr. Burns hire the investment managers from other parts of U.S. and worldwide, "pick their brains," and make the best Stock Market investments imaginable. If these investments do not reap astronomical profits, the investment managers are fired. Are the "IITs" of APFB and Mr. Burns on margin or are they investing their own cash monthly?

Per Todd Communications Alaska Directory of Attorneys Spring, 2009 Page 3, we conclude that the 536 or 18% Alaska Active Out of State attorneys out of 2,977 total Alaska attorneys are feeding off Alaska Permanent Fund money. Alaska Active Out of State attorneys are probably the highest percentage of any State Bar Association in United States. Alaska Bar Association has given our great State of Alaska away to the most powerful law firms in the U.S. The same chart lists Alaska Government Total 705 out of Alaska In State Total 2,441 attorneys or almost 29% of Alaska In State attorneys are listed as working for the Government including 10% Federal (72), almost 82% State of Alaska (576), and 8% Local (57) Government.

Alaska Public Offices Commission (APOC) still does not post the yearly every March 15 Financial Disclosure statements of Alaska Permanent Fund Board, Mr. Burns, Mr. Valer, and Mr. Scott even though three years ago Alaska Legislature enacted presumably landmark "Ethics Legislation 2007" SCS CSHB 109(FIN) am S.

Ethics Legislation 2007" SCS CSHB 109(FIN) am S Page 28 of 43 states in the middle of the page:

Section 45. AS 24.60.2120 is amended by adding a new subsection to read:

(c) The Alaska Public Offices Commission shall require that the reports required under this section be submitted electronically. . ." The Ethics Law has been codified. The respective statutes which apply are: AS 39.50.050(a) (Public Official Financial Disclosure); AS 15.13.040(m) (Campaign Disclosure); AS 24.60.210(c) (Legislative Financial Disclosure); and AS 24.45.061(c) (Lobbyist reporting). In all cases filers are to submit reports electronically, unless an exception is warranted. Some filers are filing electronically now via a pdf format.

Alaska Public Offices Commission continues to work with a programming contractor to develop an online filing program called "Insight," which will allow for data entry over the Internet, much like applicants for the Permanent Fund Dividend do now. Why is it that Alaska Permanent Fund Dividend office can provide "Insight" to the public but APOC cannot get the work completed?

APOC must vote by a majority that APFB's yearly Financial Disclosure Statements be posted on APOC website.

An outline of this site follows. There are a Total of 1259 pages posted as of January 2010

1. Homepage 3 pages, "Overview" 4 pages, FTC 1 page, Securities & Exchange Commission (SEC) 2/27/04 3 pages.TNO comments to APOC 2/6/08 2 pages, , Resolution Fairbanks City Council 2 pages, Alaska Newspaper stories and ads 11 pages, Past Members 6 pages, Questionnaire 8/2/06 2 pages, TOTAL 34 PAGES
2. “Current Players”
   There are a total of 663 Pages

   Governor Sean Parnell bio 2 pages, 2009 APOC Financial Disclosure Statement 11 pages, 2008 APOC Financial Disclosure Statement 16 pages, 2007 APOC Financial Disclosure Statement 61 pages, Total 90 pages.

   Lt Governor Craig Campbell, bio 2 pages, 2009 APOC Financial Disclosure Statement 12 pages, Total 14 pages.

   Steve Frank, Chair, bio 2 pages, 2009 APOC Financial Disclosure Statement 24 pages, 2008 APOC Financial Disclosure Statement 24 pages, APOC 2007 Financial Disclosure Statement 10 pages, APOC 2006 Financial Disclosure Statement 10 pages, IITDs 41 pages, Total 111 pages.

   Patrick Galvin bio 2 pages, 2009 APOC Financial Disclosure Statement 12 pages, 2008 APOC Financial Disclosure Statement 13 pages, APOC 2007 Financial Disclosure Statement 9 pages Total 36 pages.

   William G. Moran, Jr. Vice Chair, bio 2 pages, Relationship with Senator Lisa Murkowski, 6 pages, 2009 APOC Financial Disclosure Statement 15 pages,?2008 APOC Financial Disclosure Statement 17 pages, APOC 2007 Financial Disclosure Statement 12 pages, Comprehensive Financial Disclosure 11 pages, IITDs 93 pages, Total 156 pages.

   Nancy Blunck, bio 2 pages, 2009 APOC Financial Disclosure Statement 24 pages, 2008 APOC Financial Disclosure Statement 26 pages, APOC 2007 Financial Disclosure Statement 25 pages, ITTDs 3 pages, Total 80 pages.

   Steven A. Rieger bio 2 pages, 2009 APOC financial disclosure 17 pages, IITD 7 pages, Total 26 pages.

   Lwrence L.Hartig, bio 2 pages, Total 2 Pages

   Mike Burns , Compensation of select exempt employees 1 page, bio 2 pages, Complete record of Compensation 1 page, 2009 APOC Financial Disclosure Statement 20 pages, 2008 APOC Financial Disclosure Statement 16 pages, APOC 2007 Financial Disclosure Statement 12 pages, APOC 2006 Financial Disclosure Statement 9 pages, IITDs 45 Pages, Total 106 pages.

   CURRENT APFC EMPLOYEES 1.) Jeffery Scott, Chief Investment Officer 2009 APOC Financial Disclosure Statement 15 pages, 2.) Laura Achee, Legislative Liaison 2009 APOC Financial Disclosure Statement 13 pages, 3.) Robert Valer, General Counsel 2009 APOC Financial Disclosure Statement 14 pages TOTAL 42 pages

3. "Past Players" since 2001
   There are a total of 561 PAGES:

   Bruce Botelho bio 2 pages, IITDs 2 pages Total 4 pages.

   Carl Brady bio 2 pages, 2009 APOC Financial Disclosure Statement with Clarifications (filed two weeks late) 27 pages, 2008 APOC Financial Disclosure Statement 17 pages, APOC 2007 Financial Disclosure Statement 14 pages, APOC 2006 Financial Disclosure Statement 12 pages, IITDs 12 pages, Total 84 pages.

   Wilson Condon bio 2 pages, IITDs 2 pages Total 4 pages.

   William Corbus bio 2 pages, APOC 2006 Financial Disclosure Statement 17 pages, IITDs 42 pages, Total 61 pages.

   Clark Gruening bio 2 pages, IITD 1 page Total 3 pages.

   Bill Hudson bio 2 pages, APOC 2007 Financial Disclosure Statement 8 pages, 2006 APOC Financial Disclosure Statement 8 pages Total 18 pages.

   David Marquez bio 2 pages, APOC 2006 Financial Disclosure Statement 11 pages, IITDs 20 pages, Total 34 pages.

   Frank Murkowski bio 2 pages, APOC 2006 Financial Disclosure Statement 11 pages total 13 pages.

   Emil Notti bio 2 pages, 2009 APOC Financial Disclosure Statement 12 pages, 2008 APOC Financial Disclosure Statement 16 pages, APOC 2007 Financial Disclosure Statement 11 pages, ITTDs 2 pages, Total 43 pages.

   Sarah Palin bio 2 pages, 2009 APOC Financial Disclosure Statement 25 pages, 2008 APOC Financial Disclosure Statement 16 pages, 2007 APOC Financial Disclosure Statement 12 pages, Final 2009 APOC Financial disclosure statement 17 pages, Total 72 pages.

   Gregg Renkes bio and article 4 pages, IITDs 29 pages Total 33 pages.

   James Sampson bio 2 pages, IITD 1 page Total 3 pages.

   Eric Wohlforth Bio and Law Firm info 9 pages, APOC 2006 Financial Disclosure Statement 91 pages, IITDs 89 pages, Total 189 pages .

Note:
ITT's are usually at least 4-6 weeks old before we get them and then have them posted.

One week prior to a meeting, the agenda is posted on the APFC home page in the 'Fund news' section."

(APFB is only holding half the amount of meetings they used to have.)

Your Financial Contributions are Greatly Appreciated