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

June 10, 2009

“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 even as the responsible party, Governor Sarah Palin, ran for Vice-President of the United States. The Governor is the only level of accountability as she appoints the Board which is not confirmed by Alaska Legislature. We found it unbelievable that she 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 her 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 Fall, 2008 per http://www.tobermeyer.info/pdfs/2008comparison.pdf. We conclude that the 530 or 18% Alaska Active Out of State attorneys out of 2,938 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 the U.S. Alaska Bar Association has given our great State of Alaska away to the most powerful law firms in the U.S. Spring, 2008 Todd Directory Page 64 listed Alaska Government Total 705 out of Alaska In State Total 2,395 attorneys or almost 30% of Alaska In State attorneys were listed as working for the Government including 10% Federal (72), almost 82% State of Alaska (576), and 8% Local (57) Government. Todd Directory Fall, 2008 stop listing Alaska Government attorneys.

Alaska Public Offices Commission (APOC) website is http://www.state.ak.us/apoc/.In 2006 Alaska Legislature enacted "Ethics Legislation" which requires the posting online of all documents submitted to APOC. Four years later, we await APOC's compliance with this "Ethics Legislation" by posting the yearly "Financial Disclosure Statements" of Alaska Permanent Fund Board, Mr. Burns, and other APFC employees.

An outline of this site follows. There are a Total of 1172 pages posted as of June 10, 2009

1. Homepage 3 pages, "Ted States" logo 2 pages, "Overview" 3 pages,"About Us" 2 pages, FTC 1 page, Securities & Exchange Commission (SEC) 2/27/04 3 pages.TNO comments to APOC 2/6/08 2 pages, , Alaska Natural Gas Pipeline 4 pages with www.retireted.com 1 page, Resolution Fairbanks City Council 2 pages, Current Articles 2 pages (10/29/08, 11/3/08),(at the bottom left)Past Members 5 pages, (at the bottom left) Questionnaire 8/2/06 2 pages, TOTAL 32 PAGES
2. “Current Players”
   There are a total of 777 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, Total 55 pages.

   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.

   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.

   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 34 pages, Total 104 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 75 pages, Total 138 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.

   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.

   Mike Burns , State of Alaska CEO compensation and bio 2 pages, Complete record of Compensation 1 page, Employee Salaries 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 362 PAGES:

   Bruce Botelho bio 2 pages, IITDs 2 pages Total 4 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

   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." Next meeting is after the legislature adjourns on April 19, 2009.

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

Your Financial Contributions are Greatly Appreciated