Whistle-blower Markopolos questions Massachusetts Pension Fund Accounting, shares report with authorities – Business – The Boston Globe

A six-month examination of the MBTA pension fund, led by the whistle-blower who identified the Bernard Madoff fraud, found accounting and investment reporting practices that he says may overstate the financial health of the transit worker retirement plan by as much as $470 million. The analysis raises serious questions about how the $1.6 billion pension…