If you can, download the report and read it. Some of it is hard to slog through, but you can find a bunch of interesting nuggets:

1. Fraud in unemployment claims.
2. Annuity funding that shouldn't have been paid.
3. $73MM in real estate or equity investment losses.
4. Overinvestment in real estate [[big failing of the pension board).
5. 11 heathcare carriers for a payroll of less than 10,000 [[absurd).
6. The cherry on top is this one: they have a health care provider, the most expensive one at that, that the auditors can't even confirm is a validly formed company in Michigan or otherwise.

http://www.detroitnews.com/article/2...text|FRONTPAGE