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prima:The State Insurance Fund hired an alleged executive from Phoenix Fund as a financial consultant

Francisco J. Rivera, president of Pariter, allegedly advised the public corporation that also entrusted $40 million to the firm that’s under investigation by the OCIF

July 31, 2025 - 4:44 PM

The administrator of the State Insurance Fund Corporation, Enid I. Ortiz Rodríguez, assured that the corporation does not have any current contract with Pariter. (Ramon "Tonito" Zayas)

The State Insurance Fund Corporation (CFSE) not only invested millions of dollars in the private equity fund The Phoenix Fund, but also apparently hired one of its executives as the agency’s investment consultant.

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