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|Subject: Re: Top Rated 401k Plans||Date: 4/17/2013 2:31 PM|
|Author: BruceCM||Number: 72062 of 76418|
A point of coincidental interest regarding BrightScope...
One of its co-founders and former board member, Matt Hutcheson, was just found guilty of 17 counts of securities wire fraud involving retirement plans. Note: this is purely coincidental and I don't believe has anything to do with BrightScope and its current leadership.
As a personal note, I knew and coopted several research projects with Matt when he was here in Portland. I always knew the guy to be straight-up and committed to getting to the right answer, and seemed to relish in 'sticking it' to deceptive middlemen. I also know him, as an actuary, to be a bright guy...as most actuaries are.
Reminds me of that line Noah Cross (John Huston) says in 'Chinatown'...
..."most people never have to face the fact that at the right time and the right place, they're capable of ANYTHING."....
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