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ProPublica: Alaska investment fund missed red flags before investing $29m in Peter Pan deal

The investigation reportedly found that, months before a deal was inked with Rodger May, the seafood buyer was involved with a failed Alaska venture that left scores of fishermen unpaid and led to a criminal probe into financial fraud

By Undercurrent News | Feb. 13, 2025 16:44 GMT
Rodger May, former chief growth officer of Peter Pan Seafood, at the 2023 Seafood Expo North America. Credit: Tom Seaman
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An investor group tasked with investing millions of dollars from the US state of Alaska's sovereign wealth fund missed red flags and failed to look into the background of US seafood entrepreneur Rodger May before partnering with him to acquire Peter Pan Seafoods in 2021, reports ProPublica [...]

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