The effort by Oklahoma Governor Kevin Stitt and State Treasurer Todd Russ to steer a lucrative state investment contract to one of the governor’s longtime yes-men has been foiled… for now.
Subscribe to skip adsAdvertisement
Over the weekend, 311 Capital – the Stitt-crony-backed investment group that “won” a bid from the Governor and State Treasurer’s office to manage up to billions of dollars in state investments – announced it has officially withdrawn its offer to serve as advisor for the Invest in Oklahoma program.
The sudden retreat came about a week after AG Gentner Drummond threatened to stop the contract from going into effect, and just days before Oklahoma Watch was set to report on a new little wrinkle to the billion-dollar buddy deal…