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Alaska Ex-Revenue Chief Violated Policy in $50M Investment

1/27/2026

Summary

Story summary

WilmerHale's investigation found former Alaska Revenue Commissioner Adam Crum violated state policy by committing $50 million from the Constitutional Budget Reserve to DigitalBridge.
The report notes Crum did not obtain necessary approvals or conduct proper due diligence.
Crum defended his actions, saying he consulted the Department of Law to boost Alaska's investments.
No criminal wrongdoing was found.
Governor Mike Dunleavy has implemented changes to increase transparency in investment decisions.

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Story summary

WilmerHale's investigation found former Alaska Revenue Commissioner Adam Crum violated state policy by committing $50 million from the Constitutional Budget Reserve to DigitalBridge.
The report notes Crum did not obtain necessary approvals or conduct proper due diligence.
Crum defended his actions, saying he consulted the Department of Law to boost Alaska's investments.
No criminal wrongdoing was found.
Governor Mike Dunleavy has implemented changes to increase transparency in investment decisions.