is glen sergeon. >> yes. >> sth: so this guy, he was the salesman for arrowhawk?correct. >> smith: in 2009, when arrowhawk was being considered, the only person on the krs board with much investment management experience was chris tobe. he thoht it was a risky bet. >> ...you hire a hedge fund, you're looking for a fund thattr has k record, experience. >> smith: right, and this one didn't.re >> c. but glen sergeon had a relationship with adam tosh, the chief investmenter of krs at the time. tosh sold us that... >> smith: tobe told me that krs's chief investment officer,c adam tosh, con the board to invest in arrowhawk, which resulted in a lae fee from arrowhawk for tosh's man, glen sergeon. >> smith: and how much money was he paid to bring in arrowhaw >> two million for arrowhawk.ug but he b in some other investments to the total of six million. >> smith: but at the time of the vote, the board didn't know there was a placement agent operating in the background. >> it was never disclosed in financial statements, it was never disclosed anywhere that... even the exist