The administrator of the Corporación del Fondo del Seguro del Estado (CFSE), Enid Inalbis Ortiz Rodríguez, has reported potential irregularities in the approval of a multi-million dollar investment made by the public corporation in The Phoenix Fund (TPF).
According to a report on February 25, 2026, Inalbis Ortiz Rodríguez referred the findings to the Department of Justice following an internal audit of loans previously approved to TPF. The CFSE, established in 1935 by Act No. 45, is a public corporation responsible for workers’ compensation insurance in Puerto Rico.
The referral to the Department of Justice comes after an internal audit uncovered concerns regarding the investment process. The CFSE provides specialized medical care, financial compensation, and rehabilitation services to injured workers, and this investigation aims to ensure the integrity of its financial operations. The examination of these investments and collection processes is currently underway, as reported on February 26, 2026.
The CFSE’s move to refer the matter to authorities underscores a commitment to transparency and accountability in its investment decisions. This development is likely to draw increased scrutiny to the corporation’s financial oversight procedures and its relationship with investment funds like The Phoenix Fund.
The Department of Justice is now examining both the investments and the collection processes within the CFSE, a process initiated based on the referral from Administrator Inalbis Ortiz Rodríguez, according to reports from February 26, 2026.
