http://www.jsonline.com/watchdog/watchdogreports/financial-firm-kept-nearly-half-of-states-capco-investment-131400693.html..snip..
A New York-based financial management firm invested only about half of the $16.6 million it got under a Wisconsin program designed to create jobs, taking advantage of loopholes in what some lawmakers now say was a poorly written, badly monitored law.
Rather than channel all of the $16.6 million into growing state companies, as lawmakers had intended, Wilshire Investors LLC invested just $8.6 million - plowing much of that money into companies that either failed or fed the growth of its own parent company, Newtek Business Services Inc., according to state records and federal securities filings. That left about $8 million of taxpayers' money that Wilshire did not invest, the state records show.
Wilshire's parent company isn't saying where the $8 million went. The company declined to answer reporters' questions, instead pointing to its financial statements and to state documents. The state has released some but not all of the records the Journal Sentinel requested about the program, which ran during the last decade.
In the earlier program, the $8.6 million Wilshire invested created just two surviving companies and 132 Wisconsin jobs, according to state records.
..end..
And Walker is pushing for more of these "investments". Smells like fish to me.