# Auditor's Office FOIA Production R2, Milligan Custodian (FOIA Response 6-25-25) A 153-file production from the Auditor's office Information Technology export of Dennis Milligan's Outlook mailbox, delivered one week after the Auditor's R1 production (6-18-25). Structured in PST-style folder hierarchy: Top-of-Information-Store with Archive (1 file), Calendar (17 files), Deleted-Items (2 files), and Inbox (with Advertisements 40 files, Boards 4 files, Miscellaneous 9 files, SFOF 74 files), plus Recoverable-Items (Deletions 5 files, Purges 1 file). Total approximately 92 MB. ## Methodological contrast with R1 The R1 Milligan production ([[auditor-foia-r1-milligan]]) was 51 files exported via Apple Mail between 10:57 AM and 11:32 AM CDT on 6/10/2025, assembled in 35 minutes by Milligan or his staff in response to Mark White's 6/6/2025 board canvass for Lenow FOIA-responsive emails. The R2 production is the full mailbox search by Auditor's office IT in PST/Outlook format. R2 contains: - Substantively all R1 substantive files reappear in R2, providing cross-confirmation of their text - Calendar items entirely absent from R1 (R2 captures 17 calendar invites) - Deleted-Items material entirely absent from R1 (R2 captures 2 deleted invites) - Recoverable-Items material entirely absent from R1 (R2 captures 6 recovered files) - The complete DCI promotional and SFOF folder organizations of the inbox (R1 had no folder structure) The R2 dataset is therefore the more methodologically clean record of Milligan's mailbox. The R1 production reflects what was findable in 35 minutes by a person searching for Israel-Bonds-responsive material; R2 reflects what the mailbox actually contained when an IT export was performed. ## Chunk 1: Substantive operational correspondence The Boards, Miscellaneous, Archive, and Deleted-Items folders together contain the substantive operational correspondence in this batch (approximately 16 files outside the promotional and SFOF clusters). The findings below summarize Chunk 1. ### The February 3 ATRS Board agenda did not include Israel Bonds Mark White's 1/23/2025 Board preview email for the 2/3/2025 ATRS Board meeting (Inbox/Boards/Previewing our February 3 Meeting.pdf) details the planned agenda: standard annual resolutions on contribution rates, FY2024 valuation approval, a real-asset and private-equity consultant attendance schedule reduction proposal, a Highland Pellets update, a Kennedy Capital strategy change, a Strategic Partners Infrastructure IV $100 million investment recommendation from Aon, an Arrowstreet Global Equity manager adjustment, a Franklin Park Corporate Finance Access Fund III $40 million recommendation, an Operations Committee legislative-package update, and a Technology Assessment update. Israel Bonds is not on the agenda and is not mentioned anywhere in the email. This dates the entry of the Israel Bonds proposal into the ATRS Board's formal agenda track. As of 1/23/2025 (three months after Brady's 10/23/2024 outreach, ten days after the 1/13 DCI Zoom invite to Milligan, and immediately before the 1/15 Rothenberg briefing Milligan attended), the proposal had not entered the ATRS Board's published agenda for the February meeting. The first ATRS Board agenda reference to Israel Bonds in the wiki's documentary record remains White's 5/22/2025 preview of the 6/2 meeting. The window in which the proposal transitioned from external Auditor-office outreach to the ATRS Board's published agenda is therefore between 2/3/2025 and 5/22/2025, with the 4/15/2025 in-person Berman meeting at the State Capitol as the documented inflection point. ### The APERS Board June 11 distribution routes Auditor's-office staff into APERS Board materials Amy Fecher's 6/6/2025 email transmitting the APERS June 11 Board Meeting Packet (Inbox/Boards/APERS Board Meeting Packet June 11, 900 am.pdf) is addressed to thirteen Trustees, including Jim Hudson (DFA Secretary), Dennis Milligan, John Thurston (State Treasurer), Daryl Bassett (Labor/Licensing), and named local-government officials. CC includes APERS staff, Anita Chance (ADLL chief of staff), Laura Gilson (APERS General Counsel; also the FOIA officer for the commingled ASPRS funds per Act 1242), and Auditor's-office staff Jason Brady and Wendy Spadoni. The distribution structure documents that APERS Board packets are routinely routed to Auditor's-office staff who are not APERS Trustees, providing the Auditor's office with current insight into APERS Board materials independent of Milligan's own Trustee role. The APERS Board roster captured here also confirms that Treasurer John Thurston and DFA Secretary Jim Hudson serve on the APERS Board alongside their other statutory roles, and that Daryl Bassett (the Labor/Licensing Secretary Berman met with on 4/14/2025 at 1:15 PM) is also an APERS Trustee. The April Capitol tour Spadoni and Brady orchestrated thus brought Berman in front of three APERS Trustees (Milligan, Thurston, Bassett) in addition to the APERS executive director (Fecher). The June 11 packet itself is attached at 3.09 MB and would document whether the APERS Investment Committee's mid-May $25-50 million Israel Bonds approval was finalized or implemented at the June 11 meeting. The packet attachment is held for cross-referencing in a separate read. ### The 5/22 Board preview cross-custodian confirmation Mark White's 5/22/2025 Board preview email (Inbox/Boards/Preview of June 2 Meeting.pdf) cross-confirms the same email previously documented in the R1 batch. Milligan received the email naming him as "Our Board colleague... asking the Board to consider making an investment in Israel Bonds." The R2 capture adds the full agenda context surrounding the Israel Bonds item: the Egan-Jones Proxy Services proposal ($20,000 annually, framed as compliance with Arkansas state law on proxy voting), the Tetronics litigation settlement ($65,000), the Higginbotham Board seat replacement and Vice Chair election, and the ArlingtonVII and GreatHillIX $40 million private-equity recommendations from Franklin Park. The Egan-Jones detail establishes that ATRS was in the process of contracting a proxy-voting advisory firm at the same 6/2 Board meeting that authorized Israel Bonds. Proxy-voting consulting is the same business line offered by Prospr Aligned (see below). ### The April 11 confirmation cross-custodian confirmation Mark White's 4/11/2025 reply to Milligan's confirmation email about the 4/15 meeting (Inbox/Boards/Re [EXTERNAL] Meeting Information.pdf) cross-confirms the exchange previously documented in R1. The R2 capture includes the inline quote of Milligan's 4/11/2025 2:18 PM outgoing email body: "Mr. White, Thank you for agreeing to meet with Israel Bonds representatives Mr. Larry Berman, National Managing Director, and Mr. Brad Young, Executive Director – Southeast Regional Office on Tuesday, April 15, 2025, at 10:00 a.m. in my office located in room 230 of the State Capitol. For your convenience, I am attaching the biographies for both gentlemen. If your plans change, please reach out to my Deputy Auditor, Jason Brady, to reschedule a time. He can be reached at 501-516-2035 or 501-366-7525. -DM". This is the first captured Milligan-authored outgoing email text in the documentary record. The subject prefix "[EXTERNAL]" indicates ATRS's email security system flagged the Auditor's-office sender as external. ### Milligan registered for and attended the January 15 Rothenberg briefing Three DCI emails in Inbox/Miscellaneous document Milligan's personal registration and attendance at the 1/15/2025 DCI Private and Exclusive Economic Briefing with Israeli Accountant General Yali Rothenberg: - 1/13/2025 9:05 AM: "Zoom Link – 1/15 Private Israel Economic Briefing" from Israel Bonds (Ethan Behling) to Dennis Milligan, "Thank you for registering for Israel Bonds' Private & Exclusive Economic Briefing on Israel's 2025 Outlook, with Accountant General of Israel's Ministry of Finance, Yali Rothenberg. We look forward to you joining us on Zoom this Wednesday, January 15, 11:30am EST." - 1/15/2025 9:05 AM: "Reminder: Private Economic Briefing Today, 11:30am EST" from Israel Bonds (Ethan Behling) to Dennis Milligan. - 1/15/2025 4:01 PM: "Thank You - Private & Exclusive Economic Briefing" from Israel Bonds (Ethan Behling) to Dennis Milligan: "Thank you for your participation in Israel Bonds' Private & Exclusive Economic Briefing on Israel's 2025 Outlook, with Accountant General of Israel's Ministry of Finance, Yali Rothenberg. The most direct way to support Israel is to invest in Israel Bonds." The R1 batch documented only Brady's 1/3/2025 calendar acceptance of the same briefing. The R2 capture establishes that Milligan personally registered for, was reminded of, and participated in the 1/15 briefing. The 4:01 PM "Thank You" email confirms participation. The Rothenberg briefing was therefore attended by both the Chief Deputy Auditor (Brady) and the Auditor himself (Milligan), four months before the Auditor brought the Israel Bonds proposal to the ATRS Board. Garawitz's 2/18/2025 follow-up email to Milligan opens with a verbatim quote from the same Rothenberg briefing: "At our exclusive economic briefing in January, the Accountant General of Israel's Ministry of Finance Yali Rothenberg noted, '2025 is predicted to be a rebound year from the war.'" ### Abacus Global Management pitched Milligan and Brady on a pension investment Rob Phillips, SVP Investor Relations and Corporate Affairs at Abacus Global Management (NASDAQ: ABL), emailed Dennis Milligan and Jason Brady on 4/28/2025 5:56 PM (Inbox/Miscellaneous/Thank you + SFOF follow up.pdf), with Jay Jackson also on the To line and David Jackson on Cc. The subject is "Thank you + SFOF follow up." Body: "Dennis / Jason – Great to catch up last week. Thank you again for your partnership, and for taking the time to meet with Jay. Thank you also for your interest in Abacus as an investment for Arkansas' pension funds. We look forward to getting together again to continue this conversation, and would be thrilled to schedule a call with the investment teams in the meantime." The 4/28 date positions this as a follow-up from the SFOF Spring National Meeting (April 22-24, Omni Orlando ChampionsGate, documented at [[sfof-policy-letter-operation]] from the Brady R2 batch). Abacus Global Management is a publicly-traded life settlement firm (NASDAQ: ABL), in the business of buying life insurance policies on the secondary market. Phillips's framing — "your interest in Abacus as an investment for Arkansas' pension funds" — characterizes Milligan and Brady as having affirmatively expressed interest in placing Arkansas pension money into Abacus securities. The Auditor's office is therefore documented as an investment-recommendation channel for at least two distinct private placements pitched through the SFOF networking circuit: Development Corporation for Israel bonds (which reached the Board action stage at ATRS and APERS) and Abacus life settlements (whose disposition is not documented in the available batches). See [[rob-phillips]] and [[abacus-global-management]]. ### Prospr Aligned launched at Milligan on January 7 A mass-distributed press release from Prospr Aligned (Top-of-Information-Store/Archive/Launching Prospr Aligned.pdf) reached Milligan's mailbox at 11:24 AM on 1/7/2025. The press release announces the formal launch of Prospr Aligned as "a new investment services consulting company" headquartered in Atlanta, under CEO Derek Kreifels, "former CEO of the State Financial Officers Foundation (SFOF) and former Assistant State Treasurer of Kansas." John Coleman, Co-CEO of Sovereigns Capital, is named as Chairman. The press release establishes several substantive facts. Kreifels co-founded SFOF and served as CEO for twelve years. He launched the Public Fiduciary Network in 2024 (referenced as a Brady R2 finding at [[sfof-policy-letter-operation]]) as a coalition of pension trustees and professionals representing more than $3 trillion in assets under management, focused on "protecting state pension funds from ESG (Environmental, Social, and Governance) influences and reaffirming fiduciary responsibilities." He served as a trustee of the Kansas Public Employees Retirement System (KPERS), a $30 billion pension fund. Prospr Aligned's service lines per the release are investment-holdings analysis, manager analysis, proxy voting consulting, and corporate engagement. The release describes the firm's market positioning as "principled capitalism" and "fiduciary excellence" without ESG. Prospr Aligned is therefore the for-profit private-sector successor to Kreifels's nonprofit SFOF leadership role. The same network (Public Fiduciary Network, conservative state financial officers) now reaches Milligan through a billable consulting firm in addition to the 501(c)(3) SFOF infrastructure. The firm's proxy-voting consulting service line overlaps with the Egan-Jones Proxy Services proposal ATRS approved at the 6/2/2025 Board meeting. The 1/7/2025 launch positions Prospr Aligned for the SFOF Spring National Meeting in April where Milligan spoke. See [[derek-kreifels]] and [[prospr-aligned]]. ### Superseded April 14 scheduling: Hudson and possibly Hester at the same 9:00 AM slot The Deleted-Items folder contains a superseded Outlook calendar invite (Top-of-Information-Store/Deleted-Items/Meeting with Larry Berman, Dennis Milligan, Jason Brady and possibly Bart Hester.pdf): "Meeting with Larry Berman, Dennis Milligan, Jason Brady and possibly Bart Hester," location "Auditor's Capitol Office; Room 230; Arkansas State Capitol," start Monday April 14, 2025 9:00 AM, end 9:30 AM, organizer Wendy Spadoni, mandatory participants "Jim Hudson; Dennis Milligan; DENNIS MILLIGAN; Jason Brady." This invite was superseded in the final April Capitol tour schedule, which placed Fecher at 9:00 AM on 4/14 (per Spadoni's R1 schedule), moved Hudson to 4/15 at 2:00 PM at DFA, and scheduled Hester separately at 4/15 8:00 AM. The deletion documents the scheduling-flux history of the tour. The originally-proposed 9:00 AM 4/14 group meeting would have placed Hudson, Milligan, Brady, and possibly Hester in the same room with Berman before the Auditor's-office working lunch later in the day. The compositional choice to disaggregate the meetings — separate slots for Fecher, the Speaker, Bassett, Hester, White, Thurston, and Hudson — is therefore not the original plan but a revision from a smaller batched-meeting structure. ### Deleted post-vote SFOF Policy Zoom The second Deleted-Items file is the SFOF Policy Zoom calendar invite for 6/4/2025 12:30 PM organized by Adam Schwend, SFOF Director of Public Policy (Top-of-Information-Store/Deleted-Items/Policy Zoom.pdf). The "Mandatory participants: Undisclosed recipients:;" header indicates mailmerge distribution to SFOF's state financial officer constituency. The 6/4 meeting was two days after the 6/2/2025 ATRS Board action on Israel Bonds. Milligan's deletion of this SFOF invite (deleted but not purged, indicating user-initiated deletion rather than retention-policy purge) is the only documented Milligan action on a post-vote SFOF Policy Zoom in this batch. Whether deletion signals non-attendance, calendar-cleanup, or some other workflow is not determinable from the file alone. ### Cross-confirmation of the Garawitz 2/18 email The Garawitz 2/18/2025 personally-addressed email to Milligan (Inbox/Miscellaneous/Israel Bonds_ State of Israel Economic Summary.pdf) is the same email captured in R1. Same recipients (Milligan To; Garawitz and Ana Torres Cc), same body text ("Dear Dennis... I look forward to speaking with you soon"), same 3.63 MB attachment (the State of Israel Economic Summary PowerPoint). ### Cross-confirmation of the DCI welcome and standard promos in the Miscellaneous folder Four additional Miscellaneous-folder files are standard DCI promotional emails to Milligan: - 2/12/2025 "We're Happy You're Here!" — DCI mailing-list welcome (Milligan added to broader DCI marketing list one month after the 1/15 briefing) - 2/13/2025 "Will You Be Israel's Valentine?" — 12th Series eMazel Tov and Jubilee rates promo, footer states "Israel bonds are not rated" - 2/17/2025 "JUST IN: Fresh New Rates" — 12th Series Jubilee rate update, footer states "Israel bonds are not rated" - 1/14/2025 "Zoom Link, 1/15 Private Israel Economic Briefing - Israel Bonds" — Ethan Behling's BCC-style internal distribution copy of the Zoom link These four files match the [[dci-promotional-pipeline]] template patterns established in prior batches. ## Chunk 2: Calendar artifacts The Calendar subfolder contains 17 Outlook calendar invites covering 10/9/2024 through 6/18/2025. They establish Milligan's scheduled time commitments through this nine-month window. The findings below summarize Chunk 2. ### Thirteen SFOF Policy/National Policy Zooms on the biweekly Wednesday cadence Thirteen calendar invites cover SFOF Policy Zoom / National Policy Zoom meetings, all on Wednesdays. The cadence is approximately biweekly. Dates and organizers: - 10/9/2024 12:00 PM ET (organizer: Noah Wall, subject "SFOF Policy Zoom") - 10/23/2024 1:00 PM ET (organizer: Noah Wall, subject "SFOF National Policy Zoom") — the same day Brady sent the seed Israel Bonds outreach to Fecher and White at 3:39 PM CDT - 12/4/2024 11:30 AM ET (organizer: Noah Wall, subject "National Policy Zoom") - 1/15/2025 12:00 PM ET (organizer: OJ Oleka, subject "National Policy Zoom") — same day as the DCI Rothenberg briefing at 11:30 AM ET; Milligan's calendar therefore shows back-to-back DCI+SFOF programming with potentially overlapping end and start - 1/29/2025 12:00 PM ET (organizer: OJ Oleka) - 2/12/2025 12:00 PM ET (organizer: OJ Oleka) — also the same date as the "We're Happy You're Here!" DCI welcome to Milligan - 2/26/2025 12:00 PM ET (organizer: OJ Oleka) — marked as the master recurring meeting with "Every 2 weeks on Wed, Thu, 110 occurrence(s)" - 3/12/2025 12:00 PM ET (organizer: OJ Oleka) - 3/26/2025 12:00 PM ET (organizer: OJ Oleka) — same day as the State Board of Finance 3/26 meeting Milligan also attended at 10:30 AM CT (see below) - 4/9/2025 12:00 PM ET (organizer: OJ Oleka) — five days before the Capitol tour begins - 5/14/2025 12:00 PM ET (organizer: OJ Oleka) — the week the APERS Investment Committee approved the Israel Bonds $25-50 million proposal per White's 5/22 Board preview - 6/4/2025 12:00 PM ET (organizer: Adam Schwend, subject "Policy Zoom") — two days after the ATRS Board vote; the corrected version of an originally-12:30 PM invite (the 12:30 PM version is in Deleted-Items per Chunk 1) - 6/18/2025 12:00 PM ET (organizer: Adam Schwend, subject "Policy Zoom") The biweekly Wednesday Policy Zoom is the primary institutional touchpoint SFOF maintains with its state financial officer constituency. Milligan's calendar shows thirteen invites over nine months, exceeding the "at least nine" documented in Brady's R2 batch. Either Milligan was invited to Policy Zooms Brady was not, Milligan kept calendar entries Brady purged, or the two calendars reflect different management of the same recurring invites. The substantive consequence is that Milligan has had repeated biweekly opportunities to engage with SFOF leadership (Oleka, Wall, Schwend) throughout the Israel Bonds adoption period. The 10/23/2024 SFOF Policy Zoom on the same date as Brady's seed outreach to ATRS and APERS is particularly notable as a temporal coincidence; whether Milligan attended the 10/23 SFOF call before or after the Brady email was sent is not knowable from the calendar invite alone. ### The Hudson meeting at 4/15 was at 3:00 PM, not 2:00 PM Spadoni's pre-trip schedule sent to Berman on 4/11/2025 placed the Hudson meeting at "2:00 - 2:30 PM" on 4/15. Milligan's actual Outlook calendar invite (Meeting with Larry Berman, Secretary Jim Hudson, Dennis Milligan, Jason Brady.pdf) shows the meeting at 3:00-3:30 PM on 4/15 at "Auditor's Capitol Office; Room 230; Arkansas State Capitol." Organizer Wendy Spadoni. Mandatory participants Spadoni, Hudson, Milligan (listed twice in the participant list, as in the Deleted-Items invite for the superseded 4/14 9:00 AM batched meeting), and Brady. The discrepancy between the schedule Spadoni sent Berman (2:00 PM) and the calendar invite Milligan kept (3:00 PM) is either a late schedule revision after the 4/11 schedule email, a difference between an at-DFA meeting and an at-Auditor's-Room-230 meeting, or a misprint in one of the sources. The Milligan calendar invite is the more authoritative source for the actual location and time, since it documents the meeting Milligan committed to attend. The substantive consequence: the Hudson meeting was at 3:00 PM at the Auditor's Capitol office, not 2:00 PM at DFA's offices. This changes the meeting count for the eight-meeting Capitol tour from "spanning four functional categories of state actors" to a more concentrated Auditor's-office hosting role across most of the tour. Wendy Spadoni is also documented as a mandatory participant (attending the meeting), which the Spadoni-sent schedule did not specify. ### Four Auditor's-office staff attended the SFOF Spring National Meeting The "SFOF Spring National Meeting" calendar invite documents the meeting at Omni Orlando ChampionsGate, Tuesday April 22 through Friday April 25, 2025 (all-day). Organizer Wendy Spadoni. Mandatory participants: Spadoni, Dennis Milligan (twice), Jason Brady, and **Melissa Corrigan**. Four Auditor's-office staff therefore attended the Spring National Meeting. The wiki had previously documented Milligan (speech delivery on 4/24) and Brady (per the Brady R2 batch); R2 Milligan adds Spadoni and Corrigan. Corrigan is one of the four Auditor's-office staff custodians of the R2 FOIA response (the other three being Brady, Milligan, Spadoni); the Corrigan custodian production has not yet been ingested. Per the user's instructions, the Stacy Peterson custodian sub-batch (127 files) is being held; Corrigan and the [email protected] shared-mailbox sub-batches are also pending. ### Milligan recorded a SFOF-related video on 4/16 The "Record Video for SFOF" calendar invite documents a 4/16/2025 9:00-10:00 AM session in "Kurt's office" (Kurt Underwood at [email protected]), organized by Stacy Peterson, with mandatory participants Peterson, Milligan, and Underwood. This was Wednesday 4/16, the day after the Hudson 4/15 3:00 PM meeting and six days before the SFOF Spring National Meeting in Orlando opened. The substantive content of the recorded video is not documented in the calendar invite alone. The timing positions the video as plausibly intended for the SFOF Spring meeting (where Milligan also delivered an in-person speech on 4/24 at 10:45 AM) or for another SFOF promotional or organizational purpose. Kurt Underwood and Stacy Peterson are new entities introduced to the wiki by the R2 batch; both are Auditor's-office staff per the auditor.ar.gov domain. See [[kurt-underwood]]. ### Treasurer's Zoom of 3/26/2025 is the State Board of Finance meeting The calendar invite labeled "Treasurer of State's Zoom Meeting" is in fact the Arkansas State Board of Finance meeting on Wednesday March 26, 2025 at 10:30-11:00 AM CT. Organized by Amanda O'Neal (Arkansas Treasurer of State's Office General Counsel and Director of Public Relations). Attached documents: Advisory Commission Board Documents 3/11/25 (747 KB), 2/18/25 SBF minutes (65 KB), Agenda SBF March 26 2025 (105 KB), and a service contract for "SRV-1 4600055963 - Aptus - Public Student Loan Forgiveness" (826 KB). Mandatory participants: - Treasury office: Amanda O'Neal, John Thurston, Bill Huffman, Kenneth Burleson, Ben Ellis, Michael Harry, Sandra Blount - Auditor's office: Dennis Milligan, Wendy Spadoni - DFA: Jim Hudson, [email protected], [email protected], [email protected] - State Bank Department: [email protected] (Susannah Marshall), [email protected] - Governor's office: Judd Deere ([email protected] per the related SBF distributions documented at [[arkansas-state-board-of-finance]]), [email protected], Leslie Fisken ([email protected]) - Bank industry: [email protected] (Brent Morgan at Bank OZK), Chad May (per other SBF distributions at Armor Bank) - Insurance: Alan McClain (Insurance Commissioner) - Other: [email protected], James Ritchie, Paula McGill Optional participants: TJ Fowler, Michael Hibblen, Michael Wickline, Treasurer, Eric Munson The 3/26/2025 SBF meeting documents the first calendar-confirmed institutional meeting where Milligan and State Bank Commissioner Susannah Marshall (the second statutory ex officio ATRS Investment Committee member, per BP1 Section XII) are co-attendees. Marshall is absent from all documented Israel Bonds correspondence in the FOIA productions to date but is in routine institutional meetings with Milligan through the SBF. The pre-Israel-Bonds-Board-action timing (March 26, eleven weeks before the 6/2 ATRS vote) places this meeting in the period when Milligan was actively working the Auditor's office channel for Israel Bonds. Whether Israel Bonds was on the agenda of this SBF meeting is not knowable from the calendar invite alone; the attached Agenda SBF March 26, 2025 PDF would document this if obtainable. The participant roster also includes Michael Wickline of the Arkansas Democrat-Gazette as an optional attendee. Wickline subsequently broke the APERS Israel Bonds story on 5/15/2025 per [[mike-wickline]]; his standing optional access to SBF meetings predates and may have informed the reporting. Michael Hibblen (a new entity, likely KUAR News reporter) is also on the optional list. Judd Deere on the Governor's-office distribution may be the same Judd Deere who served as Trump White House Deputy Press Secretary; the calendar invite documents only the email address [email protected] (Governor Sanders's office). ## Chunk 3: SFOF folder The Inbox/SFOF subfolder contains 74 PDFs covering the period 10/2024 through 6/2025. Approximately 50 of the 74 are reply-thread captures, hotel-block reminders, keynote announcements, and SFOF Spring National Meeting logistics. Twenty-four files are substantive SFOF business communications. Most of the substantive content overlaps with the Brady R2 batch documented at [[sfof-policy-letter-operation]] and [[sfof-state-financial-officer-network]]. Five findings are new or significantly extend the wiki: ### Noah Wall departed SFOF at end of 2024 to found State Leadership The Departing SFOF.pdf email (12/19/2024 from Wall to Oleka) documents Wall's departure from SFOF as Executive Vice President Policy & Government Affairs at the end of 2024. Wall's stated purpose: "to found a new organization which will be doing work in states across the country focused on economic leadership and regulatory reform in state government." New email [email protected]. Mobile remained 443-676-8721. Wall closed: "I am working with OJ to formalize a partnership to support the outstanding work being done with the public fiduciary network." Wall is therefore the second SFOF senior leader to depart and found a parallel organization in this period. Derek Kreifels (former CEO, co-founder) launched Prospr Aligned on 1/7/2025 (per Chunk 1). Both departures created alumni successor organizations with active SFOF partnerships. Adam Schwend (SFOF Director of Public Policy) assumed the Policy Zoom organizing role from June 2025 onward, succeeding Wall in operational policy work within SFOF. ### Abacus Global Management's existing ABL Tech vendor relationship with both Arkansas pension systems JC Oviedo, Director of Sales and Operations at ABL Tech, emailed Milligan on 5/2/2025 9:47 AM (Great Connecting at SFOF – Arkansas Retirement Support.pdf) following from contact at the SFOF Spring National Meeting the prior week: "We're proud to be supporting both the Arkansas Public Employees Retirement System and the Arkansas Teacher Retirement System in their efforts to prevent overpayments and fraud through accurate mortality verification." ABL Tech's address is 2101 Park Center Drive, Orlando, FL 32835 — the same address as Abacus Global Management. The email footer logo displays "ABL TECH NASDAQ | ABL" — the same NASDAQ ticker as the parent Abacus Global Management. ABL Tech and Abacus Global Management are therefore the same corporate family. The Abacus 4/28/2025 investment pitch from Rob Phillips ("your interest in Abacus as an investment for Arkansas' pension funds") and the ABL Tech 5/2/2025 vendor-relationship follow-up from JC Oviedo (mortality verification at APERS and ATRS) are coordinated outreach from the same corporate group, on a four-day timeline, both following from SFOF Spring National Meeting contact. The Auditor's office is documented as the relationship hub for both engagements. The investment pitch is therefore not a standalone solicitation; it is layered on top of an existing services-vendor relationship that gives the Abacus corporate family standing access to the Arkansas pension systems through APERS and ATRS contracts. See [[abl-tech]] [[jc-oviedo]]. ### Two additional SFOF sign-on letter operations not previously documented The R2 SFOF folder captures two additional SFOF mobilization activities not in the Brady R2 batch documentation at [[sfof-policy-letter-operation]]: A **DEI letter for signature** circulated by Wall on 10/21/2024 6:59 PM with a Friday October 25 noon deadline. Wall's framing: "Recently Democrat Members of Congress signed a letter to corporations urging them to maintain DEI policies that we've made progress rolling back. This letter seeks to undercut the arguments those lawmakers made and make a principled and evidenced based argument that specific DEI policies should not be furthered." Brady's role on this letter is not documented in the available chunk reads. An **anti-methane-investor mobilization** by Oleka on 11/14/2024 10:13 AM to "Undisclosed recipients" subject "Article and Letter of Potential Interest." Oleka flagged a group of institutional investors lobbying the EPA for stricter methane emission regulation and asked SFOF members with state-level boycott-list authority to add them: "For those of you who have the statutory or executive authority to add to a list some institutional investors that would be hostile to fiduciary duty -- as defined within your state -- and after review of these documents you choose to add any of the listed institutional investors to that list, please let me know." This is direct evidence of SFOF mobilizing state-level boycott machinery (analogous to Arkansas's anti-BDS list per BP4 Section B or Act 937 of 2025 prohibitions per BP4 Section C) on a federal-policy issue. ### The Public Fiduciary Network has a 3/2025 conference one-pager OJ Oleka's 3/3/2025 email to David Fletcher with subject "Public Fiduciary Network" transmits a PFN one-pager (PFN_OnePager.pdf, 1.2 MB, attached but not separately extracted) for distribution to "anyone you know that serves on a fiduciary board. That could be a public pension board, a land trust, or even a university governing board." The attachment describes the importance of attendance at the April 2025 PFN conference "at the tail end of the SFOF conference" and the benefits of PFN membership. This extends the [[sfof-policy-letter-operation]] documentation of PFN as the SFOF program targeting public fiduciary board members. David Fletcher is named as the SFOF sponsorship contact in other newsletters; how the email reached Milligan's mailbox (forwarded, cc, or distribution-list) is not addressable from the captured email alone. ### Cross-confirmation of the 11/4/2024 Pre-Election Update newsletter The R2 SFOF folder contains "🗳️ Pre-Election Update from the States.pdf," which is the same 11/4/2024 OJ Oleka newsletter to Milligan documented in the R1 Milligan batch as "Pre-Election Update from the States - 4 nov 24.pdf." The R2 capture cross-confirms the email text, the "Dear Tina" salutation (templated mailmerge artifact), and the Stacy Garrity $20 million Israel Bonds case study presented as the model state-financial-officer Israel Bonds rationale. The Constant Contact mass-distribution format is the same. See [[sfof-state-financial-officer-network]]. ### Cross-confirmation of the SFOF letter circulation operation The R2 SFOF folder also contains cross-confirmation captures of the SFOF letter circulations Brady documented at [[sfof-policy-letter-operation]]: the SEC ChairDOL Letter (Jan 2025), Letter addressing Tesla attacks driving down pension values (March 2025), Letter regarding asset managers and proxy advisors (March 2025), Letter regarding delisting CCP influenced companies (May 2025), Letter on federal debanking legislation (March 2025), President TrumpUSTR Letter (Feb 2025), and National Debt Letter (October 2024). The capture of these in Milligan's SFOF folder confirms Milligan personally received the letter circulations (not only Brady as his deputizing intermediary). The wiki's prior framing that Brady signed Milligan onto letters without Milligan's own engagement is supplemented by the direct evidence that Milligan received the same circulations in his own mailbox at the same time. ### SFOF Spring National Meeting reimbursement structure The 4/30/2025 Adam Slayton "2025 SFOF Spring National Meeting Reimbursement" email documents SFOF's expense reimbursement policy for the Spring meeting: SFOF covers expenses for one state official and one staff member (or two staff if no official attended) per state office. Hotel rooms and tax, airfare and baggage fees, mileage at IRS rate $0.70/mile. Non-conference hotel rooms, meals during travel, parking, rental cars, and ride shares (Uber/Lyft) are excluded. **"Please note that SFOF CANNOT reimburse a political campaign account."** The 4-attendee Auditor's-office delegation (Milligan, Brady, Spadoni, Corrigan per the calendar invite) would therefore have had two attendees on SFOF reimbursement and two on Auditor's-office budget. The Auditor's-office state expense records would document the split. ## Chunk 4: Advertisements + Recoverable-Items (46 files) The Inbox/Advertisements subfolder (40 PDFs) and Recoverable-Items folders (Deletions 5, Purges 1) together comprise the final 46 files of the R2 Milligan production. Date range January 2025 through June 2025 in the substantive content; the rate-sheet promos span the full operational period. Approximately 38 of the 46 files are DCI Israel Bonds promotional emails matching the established [[dci-promotional-pipeline]] templates and are not analyzed individually. Eight files contain substantive findings or extend prior documentation. The findings below summarize Chunk 4. ### The SFOF + Prospr Aligned NYSE Bell-Ringing Event and the Alaska ETF launch OJ Oleka's 6/13/2025 2:28 PM email to Adam Slayton (Recoverable-Items/Deletions/You're invited! SFOF Event at NYSE!.pdf), captured in Milligan's mailbox via a distribution path that ended in Recoverable-Items, invites attendees to a July 1-2, 2025 SFOF event at the New York Stock Exchange. The event is the launch celebration of an Alaska-focused ETF developed by Commissioner of Revenue Adam Crum of Alaska. Oleka's product description: "one that includes Alaska-based businesses and industries that benefit Alaskans and Alaskan businesses—rather than funds and companies that actively work against the interests of the people of the Last Frontier state." The agenda includes a NYSE bell-ringing event, a private NYSE tour, and an SFOF-hosted lunch. The cohost framing is explicit: "You are cordially invited to join SFOF and Prospr Aligned on July 1 and 2 at the iconic New York Stock Exchange." Travel costs handled "the same way they are handled for SFOF national conferences" (cross-references the SFOF reimbursement structure documented in Chunk 3). The NYSE event documents three structural facts new to the wiki. First, SFOF and Prospr Aligned are formal cohosts of an investment-product launch celebration. The "stated partnership" framing from Wall's 12/19/2024 departure note and the "alumni successor" framing of the 1/7/2025 Prospr Aligned launch are operationalized in a joint NYSE event approximately six months later. Second, the Alaska ETF is a third documented investment product reaching Milligan through the SFOF channel, after DCI Israel Bonds and Abacus Global Management life settlements. The product-targeting framing — "industries that benefit Alaskans and Alaskan businesses—rather than funds and companies that actively work against the interests of the people of the Last Frontier state" — structurally parallels the boycott-list framing used in [[atrs-investment-policy-bp4]] Section B (anti-BDS list) and Section C (Act 937 of 2025 CCP prohibitions). The Alaska ETF appears to operationalize the same investment-policy logic in vehicle form: a positive-screen ETF anchored on jurisdiction-based exclusions of "hostile" entities. Third, Milligan's mailbox copy of the invitation ended up in Recoverable-Items/Deletions, indicating he deleted his copy. Whether deletion signals non-attendance, calendar cleanup, or another workflow is not addressable from the file alone. The R2 batch contains no Milligan calendar invite for the 7/1-7/2 NYSE event, suggesting non-attendance is the more likely interpretation, but the available production ends 6/18/2025 so post-deletion behavior cannot be fully traced. Adam Crum (Alaska Commissioner of Revenue) is introduced as a new figure in the SFOF state-financial-officer network alongside the Pennsylvania and Oklahoma figures already documented; no separate entity page is created in this chunk per the user's focus instructions. ### Prospr Aligned 4/18 SFOF Spring panel announcement A Prospr Aligned mailmerge to Milligan on 4/18/2025 7:44 AM (Inbox/Advertisements/New Developments from Prospr Aligned.pdf) announces a SFOF Spring National Meeting panel: "Prospr Aligned leadership is thrilled to be a part of the upcoming State Financial Officers Foundation conference next week in Orlando, Florida. CEO Derek Kreifels will be taking part in a panel covering the Pension Industrial Complex alongside author and investment manager Jerry Bowyer, Vident CEO Vince Birley, and Oklahoma State Treasurer Todd Russ." The panel title — Pension Industrial Complex — is itself notable as an investment-services-industry self-description. Jerry Bowyer is Prospr Aligned's Corporate Engagement and Proxy Voting Expert with "decades of experience in shareholder advocacy" who has "advised on over 2,000 annual meetings and nearly 20,000 proposals per year." Vince Birley is the CEO of Vident Asset Management (described as having developed the "Principled Reasoning investment philosophy" used in the Vident indices). Todd Russ is the 20th State Treasurer of Oklahoma. The panel composition — Prospr Aligned CEO + Vident CEO + Oklahoma State Treasurer + Bowyer — extends the SFOF-and-alumni network coverage to include an additional state treasurer (Russ) and a corporate asset-management vehicle (Vident). The mailmerge has Prospr Aligned's launch-era address (1125 Sanctuary Parkway, Suite 120, Alpharetta, GA 30009) and is distributed via Intuit Mailchimp. Updated [[prospr-aligned]] entity page accordingly. ### Dropbox/PROJECT_PROPOSAL share-reminder cross-confirmation Inbox/Advertisements/Reminder Noah [email protected] shared SFOF PROJECT_PROPOSAL.pdf is a Dropbox automated reminder dated 11/18/2024 9:20 AM. It notifies Milligan that Noah Wall (sharing email [email protected], distinct from his standard [email protected] address) shared SFOF PROJECT_PROPOSAL.paper with him on Dropbox five days earlier. Chunk 3 documented the original 11/13/2024 share notification. The 11/18 reminder cross-confirms that the share was made, that Wall used a personal-style outlook.com address for at least this share (the only documented instance in the productions), and that Dropbox sent a five-day reminder (consistent with Milligan not having accessed the file at the reminder point). The substantive content of the PROJECT_PROPOSAL.paper file itself remains outside the FOIA production (held in Dropbox). ### Recoverable-Items deletion and purge pattern: what Milligan removed from his mailbox The Recoverable-Items/Deletions folder (5 files) captures items Milligan deleted from his mailbox after they reached the Deleted-Items folder; the Recoverable-Items/Purges folder (1 file) captures items the retention policy subsequently purged. The deletion record: - `$5 BILLION for Israel– We're Not Done Yet.pdf` (6/8/2025 DCI post-vote promo): the same file is also present in Inbox/Advertisements, indicating two copies arrived in Milligan's mailbox and at least one was deleted. The promo opens "Thanks to supporters like you, on June 4 we didn't just reach $5 billion in global investments since October 7 — we surpassed it." Six days after the 6/2 ATRS Board action. - `Get to Know Our eShalom Bond!.pdf` (6/5/2025 DCI promo): markets the eShalom Bond product. Three days after the ATRS Board action. - `Policy Zoom.pdf` (6/18/2025 SFOF Policy Zoom invite, organizer Adam Schwend): the same Policy Zoom calendar invite documented in Chunk 2 Calendar as the most recent of the thirteen Policy Zooms in Milligan's calendar. - `Re Policy Zoom.pdf` (6/17/2025 reminder email from Adam Schwend for the next-day Policy Zoom): "Just a reminder of the policy zoom tomorrow at 1 p.m. eastern." - `You're invited! SFOF Event at NYSE!.pdf` (6/13/2025 SFOF NYSE event invite from Oleka, documented in the NYSE section above). - Recoverable-Items/Purges/`Policy Zoom.pdf` (6/18/2025): the policy-purged copy of the same 6/18 Policy Zoom. The Mandatory-participants field shows "Adam Schwend" rather than the "Undisclosed recipients:;" in the Deletions copy, suggesting two distinct received states of the same calendar object reached Milligan's mailbox. The pattern: in the immediate post-vote window (6/4 through 6/18), Milligan deleted the 6/4 Policy Zoom invite (per Chunk 1), the 6/18 Policy Zoom and its reminder (this chunk), the 6/13 NYSE event invite (this chunk), and two DCI promos (this chunk). The chunk 1 Deleted-Items finding ("Milligan's deletion of the 6/4 SFOF Policy Zoom invite is the only documented Milligan action on a post-vote SFOF Policy Zoom in this batch") is now extended: Milligan deleted multiple Israel-Bonds-adjacent and SFOF-adjacent items in the immediate post-vote window. Whether this reflects routine calendar-cleanup workflow, non-attendance signaling, or a sensitivity to the SFOF-Israel-Bonds documentary trail in the post-vote period is not knowable from the deletion record alone. What the record establishes is that Milligan was actively deleting SFOF and DCI items from his mailbox in the same window that Mark White issued the 6/6/2025 Board canvass for Israel-Bonds-responsive emails ([[auditor-foia-r1-milligan]]). ### The 40 DCI promotional emails: scale and composition The 40 Advertisements promos span 2/12/2025 through 6/8/2025 in date stamps, with concentrations in April-May-June coincident with the Capitol tour, SFOF Spring meeting, and the ATRS Board action. Categorical composition: - Monthly rate-sheet promos (approximately 12 files): March, April, May, mid-May rates; "Lock in 5.55%," "Lock in Rates of 5"; "New Rates - See What's Available Now"; "Strong Rates" variants - Holiday/cultural cycle (approximately 6 files): Yom HaShoah ("Never Again: From Remembrance to Action," 4/24/2025), Yom Hazikaron ("We Remember the Fallen Heroes," 4/30/2025), Yom Ha'atzmaut ("77 Years of Strength and Spirit," 5/1/2025), Passover ("Chag Pesach Sameach"), Shavuot ("Celebrate Shavuot with Strong Rates") - Parade promos (3 files): "Celebrate Israel at the Israel Day on 5th Parade!" (5/7/2025), "We're Proud to be Marching at the Israel Day on Fifth!", "This Sunday Israel Day on Fifth Parade!" — cobranded with JCRC-NY (Jewish Community Relations Council of New York) - Product-variant promos (approximately 8 files): eShalom Bond, eMazel cap raise, Jubilee variants, "Have You Hit Your $4,999 Yet," "Which Bond Should You Buy" - General market-volatility framing (approximately 5 files): "Diversify Your Portfolio in Volatile Markets," "In Uncertain Markets, Israel Bonds Remain a Consistent Option" - Post-October-7 fundraising-milestone (1 file): "$5 BILLION for Israel– We're Not Done Yet" (6/8/2025) - Portfolio-building/exploration (approximately 5 files): "Build Your Portfolio. Support the Jewish Homeland," "Discover Current Investment Options," "Strong Rates. Strong Jewish Future," "First Time or Hundredth–We Have a Bond for YOU" All 40 files match the established [[dci-promotional-pipeline]] template. All carry the standard DCI marketing footer ending in "Member FINRA" with the explicit disclosure "Israel bonds are not rated." The disclosure footer appears on every routine promotional message reaching Milligan personally, cross-confirming the [[independent-credit-analysis-gap]] finding that DCI itself acknowledges the absence of an external credit rating in every promotional message. Two findings within the promo cluster extend prior documentation: The 4/1/2025 "April Rates Are In" promo introduces Stuart Garawitz personal quotes into the DCI broadcast distribution. The quoted text — "Given the historical level of volatility in the market, now is a great time to reduce uncertainty and bring stability to your portfolio. Invest in Israel bonds for strong rates and competitive returns" — is signed "Stuart Garawitz, Vice President Sales" with a graphic signature. This is the first documented instance of one of the three DCI institutional-sales reviewers ([[stuart-garawitz]]) featured personally in a broadcast promotional email to Milligan, separate from his 2/18/2025 personally-addressed correspondence captured in R1. The "market volatility" framing is contemporaneous with the spring 2025 broader-market downturn. The 6/5/2025 eShalom Bond promo discloses a product detail not previously captured in the wiki: "eShalom Savings Bonds may only be held by a religious, charitable, literary, scientific or educational organization, contributions to which are, at the time of transfer, deductible for income and similar tax purposes." Maximum allowable purchase $5,000,000 per purchaser per holder in each monthly sales period. This is a religious/nonprofit-restricted product line within DCI's offering, marketed to a state Auditor's mailbox three days after the ATRS Board approved Resolution 2025-22 for the unrestricted Jubilee-series institutional bonds. The product structure (deductible contribution to a charitable organization at maturity) places eShalom in a tax-advantaged charitable-giving instrument category. Whether the placement of the eShalom promo in Milligan's mailbox represents broadcast-list inclusion without target-screening or a specific sales position toward Auditor's-office-adjacent charitable organizations is not addressable from the email alone. ## Evidence > "Mr. White, Thank you for agreeing to meet with Israel Bonds representatives Mr. Larry Berman, National Managing Director, and Mr. Brad Young, Executive Director – Southeast Regional Office on Tuesday, April 15, 2025, at 10:00 a.m. in my office located in room 230 of the State Capitol." > Dennis Milligan to Mark White (inline quote captured in Mark White's reply), Re [EXTERNAL] Meeting Information.pdf p.1, 4/11/2025 2:18 PM > "Our Board colleague, State Auditor Dennis Milligan, is asking the Board to consider making an investment in Israel Bonds... Jason Brady will be making this request on behalf of the Auditor, and we will have advice and materials from Aon on how the investment could be structured. From a pecuniary standpoint, it appears to me these bonds are a worthy investment." > Mark White to Board Members Group, Preview of June 2 Meeting.pdf p.1, 5/22/2025 > "Thank you for registering for Israel Bonds' Private & Exclusive Economic Briefing on Israel's 2025 Outlook, with Accountant General of Israel's Ministry of Finance, Yali Rothenberg." > Israel Bonds (Ethan Behling) to Dennis Milligan, Zoom Link – 115 Private Israel Economic Briefing.pdf p.1, 1/13/2025 > "Thank you for your participation in Israel Bonds' Private & Exclusive Economic Briefing on Israel's 2025 Outlook, with Accountant General of Israel's Ministry of Finance, Yali Rothenberg. The most direct way to support Israel is to invest in Israel Bonds." > Israel Bonds (Ethan Behling) to Dennis Milligan, Thank You - Private & Exclusive Economic Briefing.pdf p.1, 1/15/2025 4:01 PM > "Dennis / Jason – Great to catch up last week. Thank you again for your partnership, and for taking the time to meet with Jay. Thank you also for your interest in Abacus as an investment for Arkansas' pension funds. We look forward to getting together again to continue this conversation, and would be thrilled to schedule a call with the investment teams in the meantime." > Rob Phillips (Abacus Global Management) to Dennis Milligan and Jason Brady, Thank you + SFOF follow up.pdf p.1, 4/28/2025 5:56 PM > "Prospr Aligned, a new investment services consulting company, today officially launched under the leadership of CEO Derek Kreifels, former CEO of the State Financial Officers Foundation (SFOF) and former Assistant State Treasurer of Kansas." > Prospr Aligned press release to Dennis Milligan, Launching Prospr Aligned.pdf p.1, 1/7/2025 > "Derek Kreifels most recently served as CEO of SFOF which he also co-founded. During his 12-year tenure at SFOF, Kreifels led initiatives to safeguard state pension funds' economic health. He also launched the Public Fiduciary Network in 2024, a coalition with pension trustees and professionals representing over $3 trillion in assets under management, focused on protecting state pension funds from ESG (Environmental, Social, and Governance) influences and reaffirming fiduciary responsibilities." > Prospr Aligned press release, Launching Prospr Aligned.pdf p.2, 1/7/2025 > "Subject: Meeting with Larry Berman, Dennis Milligan, Jason Brady and possibly Bart Hester. Location: Auditor's Capitol Office; Room 230; Arkansas State Capitol. Start: Monday, April 14, 2025 9:00:00 AM. End: Monday, April 14, 2025 9:30:00 AM. Organizer: Wendy Spadoni. Mandatory participants: Jim Hudson; Dennis Milligan; DENNIS MILLIGAN; Jason Brady" > Superseded Outlook calendar invite (Deleted-Items), Meeting with Larry Berman, Dennis Milligan, Jason Brady and possibly Bart Hester.pdf p.1 > "Some of the key agenda items will include: We will be presenting the standard resolutions that you ordinarily adopt at the beginning of each calendar year... The Investment Committee will also hear an update on Highland Pellets, along with several investment recommendations which are all attached. Aon is recommending a strategy change for Kennedy Capital... as well as a $100 million investment in a real asset fund, Strategic Partners Infrastructure IV L.P." > Mark White to Board Members Group, Previewing our February 3 Meeting.pdf p.1, 1/23/2025 (note: Israel Bonds not on the agenda) > "Subject: Meeting with Larry Berman, Secretary Jim Hudson, Dennis Milligan, Jason Brady. Location: Auditor's Capitol Office; Room 230; Arkansas State Capitol. Start: Tuesday, April 15, 2025 3:00:00 PM. End: Tuesday, April 15, 2025 3:30:00 PM. Organizer: Wendy Spadoni. Mandatory participants: Wendy Spadoni; Jim Hudson; Dennis Milligan; DENNIS MILLIGAN; Jason Brady" > Milligan's Outlook calendar invite for the Hudson meeting, Meeting with Larry Berman, Secretary Jim Hudson, Dennis Milligan, Jason Brady.pdf p.1 > "Subject: SFOF Spring National Meeting. Location: Omni Orlando at ChampionsGate. Start: Tuesday, April 22, 2025 12:00:00 AM. End: Friday, April 25, 2025 12:00:00 AM. Organizer: Wendy Spadoni. Mandatory participants: Wendy Spadoni; Dennis Milligan; DENNIS MILLIGAN; Jason Brady; Melissa Corrigan" > SFOF Spring National Meeting.pdf p.1 > "Subject: Record Video for SFOF. Location: Kurt's office. Start: Wednesday, April 16, 2025 9:00:00 AM. End: Wednesday, April 16, 2025 10:00:00 AM. Organizer: Stacy Peterson <[email protected]>. Mandatory participants: Stacy Peterson <[email protected]>; Dennis Milligan <[email protected]>; Kurt Underwood <[email protected]>" > Record Video for SFOF.pdf p.1 > "Subject: Treasurer of State's Zoom Meeting. Start: Wednesday, March 26, 2025 10:30:00 AM. End: Wednesday, March 26, 2025 11:00:00 AM. Organizer: Amanda O'Neal. Mandatory participants: Amanda O'Neal; Judd Deere; John Thurston; Jim Hudson; Dennis Milligan; [email protected]; Chad May; [email protected]; Leslie Fisken; [email protected]; Alan McClain; [email protected]; James Ritchie; Sandra Blount; Bill Huffman; Kenneth Burleson; Ben Ellis; Michael Harry; [email protected]; Wendy Spadoni; [email protected]; [email protected]; [email protected]; Paula McGill. Optional participants: TJ Fowler; Michael Hibblen; Michael Wickline; Treasurer; Eric Munson" > Treasurer of State_s Zoom Meeting.pdf p.1 (the actual 3/26/2025 State Board of Finance meeting) > "Topic: National Policy Zoom. Time: Feb 26, 2025 01:00 PM Eastern Time (US and Canada). Every 2 weeks on Wed, Thu, 110 occurrence(s)" > SFOF National Policy Zoom master recurring meeting, National Policy Zoom_4.pdf p.1, 2/26/2025 > "I'm writing today to share news that I will be leaving SFOF at the end of the year. It has been a true honor and privilege to support your excellent work in defense of fiduciary duty over the last two years... I let OJ and the SFOF board know in early November that I am leaving in order to found a new organization which will be doing work in states across the country focused on economic leadership and regulatory reform in state government... my new email will be [email protected]" > Noah Wall to OJ Oleka, Departing SFOF.pdf p.1, 12/19/2024 > "We're proud to be supporting both the Arkansas Public Employees Retirement System and the Arkansas Teacher Retirement System in their efforts to prevent overpayments and fraud through accurate mortality verification." > JC Oviedo (ABL Tech) to Dennis Milligan, Great Connecting at SFOF – Arkansas Retirement Support.pdf p.1, 5/2/2025 > "ABL TECH NASDAQ | ABL" > ABL Tech footer logo (same NASDAQ ticker as Abacus Global Management), Great Connecting at SFOF – Arkansas Retirement Support.pdf p.2 > "For those of you who have the statutory or executive authority to add to a list some institutional investors that would be hostile to fiduciary duty -- as defined within your state -- and after review of these documents you choose to add any of the listed institutional investors to that list, please let me know." > OJ Oleka to Undisclosed recipients (SFOF mobilization on anti-methane-emission institutional investors), Article and Letter of Potential Interest.pdf p.1, 11/14/2024 > "Attached is a draft letter on DEI for your consideration. Recently Democrat Members of Congress signed a letter to corporations urging them to maintain DEI policies that we've made progress rolling back. This letter seeks to undercut the arguments those lawmakers made and make a principled and evidenced based argument that specific DEI policies should not be furthered." > Noah Wall to SFOF distribution, DEI Letter for Signature - Friday Deadline.pdf p.1, 10/21/2024 > "SFOF will cover the expenses for one state official and one staff member... Please note that SFOF CANNOT reimburse a political campaign account." > Adam Slayton SFOF reimbursement policy, 2025 SFOF Spring National Meeting Reimbursement.pdf p.1, 4/30/2025 > "Thank you for your interest in promoting the Public Fiduciary Network in general, and the upcoming PFN conference at the tail end of the SFOF conference specifically. Attached is the onepager that you can send to anyone you know that serves on a fiduciary board. That could be a public pension board, a land trust, or even a university governing board." > OJ Oleka to David Fletcher (forwarded or distributed to Milligan), Public Fiduciary Network.pdf p.1, 3/3/2025 > "You are cordially invited to join SFOF and Prospr Aligned on July 1 and 2 at the iconic New York Stock Exchange for a bell-ringing event, private NYSE tour, and an SFOF-hosted lunch." > OJ Oleka to Adam Slayton (captured in Milligan Recoverable-Items/Deletions), You're invited! SFOF Event at NYSE!.pdf p.1, 6/13/2025 > "Led by Commissioner of Revenue Adam Crum, our friends in Alaska have been actively working to develop an Alaska-focused ETF—one that includes Alaska-based businesses and industries that benefit Alaskans and Alaskan businesses—rather than funds and companies that actively work against the interests of the people of the Last Frontier state. This is a complete and total game-changer." > OJ Oleka, You're invited! SFOF Event at NYSE!.pdf p.1, 6/13/2025 > "Prospr Aligned leadership is thrilled to be a part of the upcoming State Financial Officers Foundation conference next week in Orlando, Florida. CEO Derek Kreifels will be taking part in a panel covering the Pension Industrial Complex alongside author and investment manager Jerry Bowyer, Vident CEO Vince Birley, and Oklahoma State Treasurer Todd Russ." > Prospr Aligned mailmerge to Dennis Milligan, New Developments from Prospr Aligned.pdf p.1, 4/18/2025 > "Given the historical level of volatility in the market, now is a great time to reduce uncertainty and bring stability to your portfolio. Invest in Israel bonds for strong rates and competitive returns." > Stuart Garawitz signed quote in DCI April rate promo, April Rates Are In – See What's New!.pdf p.1, 4/1/2025 > "Thanks to supporters like you, on June 4 we didn't just reach $5 billion in global investments since October 7 — we surpassed it. A powerful milestone, but the work continues. Israel still needs us. Every investment continues to makes a difference." > DCI post-vote promo to Dennis Milligan, $5 BILLION for Israel– We're Not Done Yet.pdf p.1, 6/8/2025 > "eShalom Savings Bonds may only be held by a religious, charitable, literary, scientific or educational organization, contributions to which are, at the time of transfer, deductible for income and similar tax purposes." > DCI eShalom Bond promo to Dennis Milligan, Get to Know Our eShalom Bond!.pdf p.2, 6/5/2025 > "In case you missed it, Noah [email protected] ([email protected]) shared 'SFOF PROJECT_PROPOSAL.paper' with you on Dropbox." > Dropbox share reminder to Dennis Milligan, Reminder Noah [email protected] shared SFOF PROJECT_PROPOSAL.pdf p.1, 11/18/2024 ## Cross-References [[auditor-foia-r1-milligan]] companion source page for the same custodian's R1 production [[auditor-foia-r2-jbrady]] companion source page for the Brady R2 production from the same FOIA response [[dennis-milligan]] [[jason-brady]] [[mark-white]] [[wendy-spadoni]] entities updated with this batch's evidence [[derek-kreifels]] [[rob-phillips]] [[abacus-global-management]] [[prospr-aligned]] [[abl-tech]] [[jc-oviedo]] [[kurt-underwood]] [[melissa-corrigan]] new entities introduced by this batch [[noah-wall]] departed SFOF at end of 2024 to found State Leadership [[dci-promotional-pipeline]] [[sfof-state-financial-officer-network]] [[sfof-policy-letter-operation]] [[auditor-as-dci-channel]] [[auditor-multi-official-capitol-tour]] [[arkansas-state-board-of-finance]] companion concept pages updated with this batch's evidence