83.7 F
Charlotte Amalie
Saturday, June 22, 2024
HomeNewsArchivesSelection of Third-Party Fiduciary Could Become Political Issue

Selection of Third-Party Fiduciary Could Become Political Issue

Aug. 1, 2006 – While a group of V.I. government officials are scheduled to meet later this week with members of the U.S. Department of Education in Washington, D.C., about matters relating to the third-party fiduciary arrangement for the V.I. Department of Education, back at home rumors are flying that the contract has already been awarded to the firm of a candidate on one of the gubernatorial tickets.
In a recent press release sent from Government House, Office of Management and Budget Director Ira Mills said a contract has yet to be awarded to one of the four potential companies selected to provide third-party fiduciary services. Mills said that negotiations are currently ongoing with one company, whose name will not be released until after negotiations are complete.
However, rumors circulating over the past two days indicate that the contract has already been awarded to the firm of Roy Jackson, who is Vargrave Richards' running mate for lieutenant governor. Sources said that Jackson and Winston Adams, in a joint venture, submitted a bid for the project.
Jackson is the only certified public accountant running for office.
Sen. Lorraine L. Berry, a candidate for lieutenant governor on retired Judge Edgar Ross' ticket, addressed the rumors over the radio Monday and called for the Third-Party Fiduciary Evaluation Committee to release the names of the four companies selected as possible candidates for the project.
When contacted Tuesday, Berry said, "I'm shocked to learn of reports which say that a third-party fiduciary has been selected and is being held in a shroud of secrecy until after the September primary due to the fact that a potential gubernatorial candidate could be affected."
"To dispel these rumors of a potential conflict of interest, the names of all the companies involved in the process should be released," she added.
When contacted Tuesday afternoon, Jackson said the rumors are "completely untrue." He also said he would be issuing a written statement addressing the matter.
As of publication time, the Source had not received the statement.

Back Talk

Share your reaction to this news with other Source readers. Please include headline, your name and city and state/country or island where you reside.

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.

Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.

UPCOMING EVENTS