Campaign for Accountability asked the Ohio Supreme Court on Monday to investigate former Ohio deputy treasurer Seth Metcalf and consider disbarment over his role in the STRS pension-fund scandal.
The complaint says Metcalf helped a bid to steer 70% of STRS assets—about $65 billion—to startup firm QED Technologies, citing trial evidence that he drafted board memos, letters and talking points issued under trustees' names.
Judge Karen Held Phipps already removed board chair Rudy Fichtenbaum in February and permanently barred him and former board member Wade Steen, writing they acted as agents or "puppets" of Metcalf, QED and J.D. Tremmel.
Metcalf's lawyer denied any unethical conduct, while the Office of Disciplinary Counsel now has 90 days to decide whether to open a formal professional-misconduct case that could lead to sanctions, suspension or disbarment.
The filing deepens scrutiny of Ohio's more than $100 billion teachers' pension fund, which serves over 500,000 active and retired educators and has been roiled for years by governance and investment disputes.