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.
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