The only fraud is the state collecting 10% of the GET surcharge taxes. There is no fraud by having the ERS funds invested in investments like the rail. 

The ERS is currently losing money in bad investments. Mufi and Caldwell said the rail will be profitable and have immense ridership. Why not invest 100% of the non performing assets in the ERS into the rail? After-all, you government union workers voted "D" and for the rail so it must be a good investment right? Why not put your money where your mouth is and invest in the rail so you can reap the massive profits from the rail in the future?