Pennsylvania Public School Employees' Retirement System

Why would this money be being moved through the shell company? Why would it be being moved offshore? Why not just move it straight through JP Morgan or Deutsche Bank? You have to use a third-party shell entity that's based in the Virgin Islands to move this shit? Yeah, that seems like it's on the up and up.

Although Black wasn't accused of breaking the law, some big investors, including Pennsylvania Public School Employees Retirement System and the state of Connecticut, responded by holding off on making new commitments to the firm until they got answers.

It's a cloud that still hangs over the business.

And it's not going away anytime soon.