Public records show since his retirement as superintendent of Clovis Unified School District in 2009, disgraced business/finance consultant Terry Bradley, has pocketed over $1 million in pension payments from the State Teacher Retirement System.
But if that wasn’t enough, in 2012 Mr. Bradley collected another $124,000 in taxpayer money from Valley school districts, which included: Clovis, Sanger, Kings Canyon, Caruthers and Dinuba, in part, for assisting the school district’s administration and its financial adviser/underwriter on all municipal financial issuances in the sale of general obligation bonds, etc.
From 2011 thru 2013, Mr. Bradley received $90,000 from CUSD alone. According to the Securities and Exchange Commission, Mr. Bradley was not registered to act as a municipal adviser, which is a violation of the Dodd-Frank Act.
In addition to the above, Mr. Bradley also collected another $30,000 from his co-conspirators, chief financial adviser, Keygent LLC, when Mr. Bradley allegedly provided them with inside information to secure school contracts, which amounted to unfair and deceptive business practices.
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It’s significant to note, the contract with Keygent LLC is very lucrative, as their fee for each bond sale, Certificates of Participation or refunding is a minimum of $55,000 to a maximum of $75,000.
The lack of written conflict-of-interest statements on file seems very fishy.
Buck Chaney, Clovis