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Economy

mahatmakanejeeves

(61,343 posts) Sat Jan 21, 2023, 01:09 PM Jan 2023

Fairfax County, Virginia Pension Funds Exposed to Genesis Bankruptcy

Dave Michaels Retweeted

Well, what do you know, the Fairfax pension fund ill-conceived move into crypto is ending poorly. Who could of predicted this?

coindesk.com
Fairfax County, Virginia Pension Funds Exposed to Genesis Bankruptcy
Two Washington, DC-area pensions invested $35 million in a VanEck fund listed as a Genesis creditor.

Link to tweet

1 replies

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Fairfax County, Virginia Pension Funds Exposed to Genesis Bankruptcy (Original Post) mahatmakanejeeves Jan 2023 OP

Unbelievable. The most progressive county in Virginia did this? How? Why? jimfields33 Jan 2023 #1

jimfields33

(19,221 posts)

1. Unbelievable. The most progressive county in Virginia did this? How? Why?

Reply to mahatmakanejeeves (Original post)

Sat Jan 21, 2023, 02:19 PM

Jan 2023

What a mess. That’s going to take forever to make up those funds lost.

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