PA-Gov: Wolf Nominates Tim Reese for Treasurer

Governor-WolfGovernor Wolf has named his choice for the next State Treasurer.

Wolf announced Timothy A. Reese as his nominee to fill the vacant position left open by Rob McCord’s sudden resignation for extortion.

“At a time when Treasury needs a steady hand, Tim brings more than two decades of significant finance and business experience,” said Governor Wolf. “Tim is a proven leader with a diverse financial background – as a consultant, an entrepreneur and an investor. His outstanding management experience and fiscal expertise, along with a passion for promoting financial literacy, will help bring stability to the Treasury and refocus the department on its core mission.

“Anyone who knows Tim can attest to his civic engagement,” Governor Wolf continued. “Last year, he was tapped by the U.S. Securities and Exchange Commission (SEC) to serve on its Advisory Board. He has worked closely with the White House to promote entrepreneurism and has led or co-led two investment organizations that are committed to providing funding and financial literacy to entrepreneurs, with an emphasis on minorities, women and veterans.”

“I am honored to have been asked by Governor Wolf to serve the citizens of the Commonwealth,” Reese said. “I look forward to getting started right away and lending my expertise to the Treasury and the Commonwealth.”

The Governor’s office provided the following background on Mr. Reese:

Mr. Reese, age 51, brings more than 20 years of experience as a successful businessman and investor. He is an investor in both venture and private equity deals within the healthcare, pharmaceutical, and information technology sectors across start-ups, early-stage and public companies. A serial entrepreneur, he has founded six companies himself, achieving an average return on investment (ROI) of 7x in exits.

In 2012, Mr. Reese launched National Minority Angel Network to focus on investing in women, minority, and veteran-owned companies. The founding partners have collectively invested $2.4 million in 14 ventures and achieved exit values of $320 million for investors in those ventures.

Mr. Reese currently serves on the Board of Advisors for the U.S. Securities & Exchange Commission. He has consulted with early to growth stage companies and reviewed investment opportunities for venture capital firms, private equity, Family Offices, and angel networks.

He holds a B.S. in Electrical Engineering & Electronics Technology from Temple University (1990) and was a Fellow at Temple University Fox School of Business. He also served as a national panelist with the White House Jobs Tour and Entrepreneur in Residence at the Fox School of Business.

He resides in Montgomery County with his wife, Sara, and three sons.

One Response

  1. Medicaid System Flaw Costs Billions LOSS of Service Dollars FACT-
    NEGLEGENCE MEDICAID Administrative Statues Requirements pa code DHS 1407 Fraud by Ignorance.

    US Attorney General Press,
    Prolific Flaw in the Click on the screen for Medicaid data by Mental Health Providers gives inaccurate Primary Insurance due to lack of Agency Common Sense for the Common to Keep their Wealth.
    The presidency that the LAW says Providers are required to verify current active primary insurance does not exclude Medicaid’s responsibility to also be of Fidelity to provide accurate updated data client’s provide.
    The Flaw is in the Medicaid’s system’s computer program not having input of the Separate Contracts/Cut Out of numerous providers of Primary Insurances. Example of my child having 5 Primary Insurance Providers for EACH Coverage Contracted Separately.
    Medicaid’s data lists 1 Primary Insurance Provider yet they themselves have at least 2 for their Insurance (Medical/Mental Health)

    No Common Sense for Fraud Reduction ?

    Mental Health Routine billing works like this, accordingly as informed by at least 20 Providers past 3 years.
    1. Bill Primary (listed as Medical Provider given by DHS system never given by client) its rejected for no Mental Health.
    (3 times client asked for n given Primary MH Private Insurance info.on Intake, Eval.& Initial Appointment)
    2. Copy rejection letter stating No Mental Health forwarded with Bill to Medicaid. (Primary MH given never billed ? )
    3. Medicaid pays Bill that they also verify by their own Flawed Computer System Data Screen not seeing any additional Primary Insurance listed.(there is no place for data to be entered and available or provided on application or renewal form or even if provided it is not noted by DHS)
    4. Funding wasted by not Collecting from Primary Insurance Covered Services.

    Voices are hard to use when the brain can’t even wrap its head around this level of Idiocracy to Comprehend.

    Statues of Ignorance can not be used as Protection. But that is what I hear fighting just to give Primary Insurance Information for MH Services. The direct personnel in Claims submit Bills to whom several others verified as accurate ?
    I have given it to each of them and it is still billed to Medicaid.
    I verify with Primary NO BILLS ?
    How can you manage a case of in patient when they see no Care Services in Years.
    Add to this EAP Services cover more of the costs for all insured with Primary Insurance.
    Medicaid couldn’t possibly Comprehend to be Budget Conscious and stop the Cash Cow/Money Tree they have created.
    It is a Crime of Fraud Created by Medicaid that needs Immediate Corrective Action Plan.
    I am done asking for the Criminal Liberty District DHS Agency to Correct and delete of mycompass. Gov messages without actions.

    I have reported this Crime as noted. I am sharing with Press to put ALL on notice and ask for help with answers and raise awareness.
    No one takes Complaint on THE DHS System ?
    Not US Attorney General
    Not Inspector General
    Not Governor Office who refers to above ?
    DHS phones always plays message your call is important but we are busy now call back later.. CLICK !!! that is Helpful 24/7
    DHS Team I am Advocate for you in stated ignored complaints as stated.
    SOLUTION : God Save Us and get a Computer Programer to add data screen to list Primary Insurance as many as available for DHS. Fix it Quick don’t ask for permission just a raise !

    The money I Saved by this Solution needs put to Family and Adolescent Services and Parent Education not Foster Forgotten Youth they want their God Given Family denied any Parent Rights nonexistent in State to Unify & Support Family.
    PA website Juvenile Justice Family Chair has a phone number called that no one ever heard of her ? What?

    Mary Canary
    Ruffled feathered Family Advocate of Future Mind Menders
    Allegheny county Suburbs

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