Tuesday, April 28, 2009

Villaraigosa's PENSION APPOINTEE Steps Down Over JACK WEISS CAMPAIGN FUNDRAISER (Too Good To Be True!)

David Z., in the place to be. Aw hell yeah, and for the first time in a long, long while Zuma Dogg cannot hold back...(clears throat)...Hooooooody hooooooooooooooooooooo!

Oh my goodness, a Villaraigosa pension board appointee RESIGNS over Jack Weiss fundraiser...
Gotta be careful what you dream for!

Member of Los Angeles pension board resigns

Mayoral appointee Kelly Candaele quits after inquiries about his involvement in a fundraiser for city attorney candidate Jack Weiss.

By David Zahniser
Times staff writer Phil Willon contributed to this report.
8:28 PM PDT, April 28, 2009
[Zuma Dogg comments in brackets.]

One of Los Angeles Mayor Antonio Villaraigosa's
pension board appointees stepped down Tuesday after The Times inquired about his involvement in a campaign fundraiser for City Councilman and city attorney candidate Jack Weiss -- an activity that violates the city's ethics law.

[Two other Villar's
pension appointees are now being investigated by SEC over $7 BILLION police and fire pension losses in shady Wall Street investments, last year, that will force the city to the brink of bankruptcy in 2013.]

Kelly Candaele
, who had been on the Los Angeles City Employees' Retirement System Board of Directors since 2005, was one of six hosts of the event Monday in Beverly Hills, according to the invitation.

The City Council voted in 2004 to bar city commissioners and board appointees from engaging in campaign fundraising activities, as a response to the investigations into appointees of then-Mayor James K. Hahn. The law prohibited those officials from calling contributors or appearing on fundraising invitations.

[ALRIGHT...STOP RIGHT HERE! Zuma Dogg CALLS for ALL the money that was raised at this fundraiser on Monday in Beverly Hills to be RETURNED! Why? People showed up and donated money because you had a (formerly) respected City of Los Angeles Mayoral Board Appointee on the invitation. KINDA an endorsement and a cause to show up to the event to meet the (formerly) honorable L.A. City Board of Directors member. SO THIS MEANS, NAMES OF ALL THE CONTRIBUTORS AT THE EVENT THAT EVENING NEED TO BE DISCLOSED; THE MONEY NEEDS TO BE RETURNED; AND MAY NOT BE RE-CONTRIBUTED. Release the names Jack, return ALL the money from that evening since it was based on an ethics violation.]

Roughly four hours after The Times asked Villaraigosa's
office about the event, Candaele submitted his resignation letter, saying he had put his name on the invitation by mistake. "Although I did not raise or contribute any political funds, this is inconsistent with the ethics pledge I signed when appointed to serve," he wrote.

[HE PUT HIS NAME ON THE INVITATION BY MISTAKE??? NO WONDER THESE VILLARAIGOSA
-APPOINTED PENSION INVESTORS LOST $7 BILLION ON WALL STREET LAST YEAR! THEY MAKE DUMB, DUMB, STUPID MISTAKES. (If you believe his bullsh*t reply that it was "by mistake." Oh, Boo-hoo-hoo...it's not his fault: The Pension Investing Board of Director make a boo-boo. HIS BAD!]

Two other hosts of Weiss' fundraiser hold positions with
Wetherly Capital, a company that has promoted investing opportunities to two city pension boards, including the one on which Candaele served. Wetherly, known in industry circles as a "placement agent," has become a subject of interest in recent weeks for investigators looking into allegations of kickbacks at the New York state pension fund.

[Ah ha! No wonder all these Villaraigosa
-appointed pension investors are funneling so much money into Jack Weiss' City Attorney campaign. They NEED Jack to win so he can keep their tracks covered. Except, TOO LATE...the SEC is looking into it now...LOL! REMEMBER...LACERS (city employee pension fund) lost SEVEN BILLION DOLLARS last year on Wall Street AND NOW, the SEC is looking into it. And I've heard it's called "pay to play" and is gonna bring down a few folks inside and connected to City Hall.]

Weiss, who is running to replace City Atty. Rocky Delgadillo in the May 19 election, will give back roughly $20,000 raised from Monday's event, said his campaign consultant Ace Smith. "Jack Weiss believes that his campaign must be held to the highest standards," Smith said in a statement.

[Is that $20,000 ALL the money from everyone who contributed at this ethics violating event, or just Villar
-appointee? HEY GREAAAAAAAT...Villaraigosa appoints these clown ass turkey commissioners, who knows WHO they paid off to get the contracts, they invest fire and pension money in shady bullshit risky (shill) companies that TANKED; THEN, after Villar appoints them, they funnel money to Jack Weiss. WHO SAYS WEISS AND VILLARAIGOSA AREN'T TODAY'S "BONNIE & CLYDE?" (Or "Bonnie & Bonnie.")]

Weiss' opponent, Carmen Trutanich
, said the councilman should have known better and took action only after getting caught. "He got caught with his hand in the cookie jar," he said.

Top advisors
to the mayor, upon learning of the violation, requested that Candaele submit his resignation, a Villaraigosa aide said. In a statement, the mayor described Candaele as an upstanding leader who made "an honest mistake."

[NO, it was a DIS-honest mistake. ARE YOU TELLING ME NO ONE KNEW THE DIFFERENCE??? THESE ARE THE TOP LEADERS OF THE CITY...WHO LOST SEVEN BILLION DOLLARS, ARE NOW BEING INVESTIGATED BY SECURITY AND EXCHANGE COMMISSION, ARE FUNNELING MONEY TO JACK WEISS CAMPAIGN...AND EVERYONE SOUNDS LIKE MR. MAGOO!!! NO WONDER THE CITY IS CERTAIN TO BE DECLARING BANKRUPTCY IN 2013!]

Weiss' fundraiser occurred just days after The Times reported that two other Villaraigosa
pension board appointees, Sean Harrigan and Elliott Broidy, had received letters from the Securities and Exchange Commission seeking information on any income they have received from companies doing business with their agency. They serve on the Los Angeles Fire and Police Pensions board. The SEC also asked Broidy and Harrigan for information on their communications with Wetherly and two other companies linked to the New York pension probe.

New York Atty. Gen. Andrew Cuomo
filed an indictment last month against onetime New York pension official and political consultant Henry Morris. Wetherly and the firm Morris worked for, Searle & Co., have shared fees for deals at three major pension funds in California. Wetherly representatives said the firm is cooperating with investigators.

The Weiss fundraiser was at the home of Richard Ziman
, an unpaid advisor to Wetherly Capital. Ziman and his wife were listed as hosts, along with Wetherly's managing director, Dan Weinstein. A Wetherly representative said Weinstein did not attend the event.

Weinstein
and other Wetherly employees have contributed $54,700 to city candidates since 2002, including at least $1,500 to Weiss, according to the city Ethics Commission. Wetherly clients have contributed at least $12,750 to Weiss.

[See...all the clowns who just lost $7 BILLION in a pay-to-play Wall Street scandal; who are now being investigated by SEC over the biggest financial bamboozle-bankruptcy loss IN CITY HISTORY...AND MOST LIKELY U.S. HISTORY -- ARE BACKING JACK WEISS FOR CITY ATTORNEY!!!]

A day after attending the fundraiser, Candaele voted with colleagues to require that placement agents be identified when representing firms seeking contracts with the City Employees' Retirement System.

[A day late and $7 billion dollars SHORT to cover up with your certain to be caught up in the SEC investigation puppet city attorney candidate.]

Wetherly
spokesman Daniel DelRe said Tuesday that he didn't immediately have names of firms Wetherly represented before the city employees' pension board since 2006. Companies listed as clients on Wetherly's website have secured multimillion-dollar commitments from the board in recent years. It was not clear if Wetherly helped get those deals.

Candaele
said that he wasn't sure whether he had met with Wetherly managers on city business but that his support for Weiss was "totally unrelated" to the firm.

[Again, no one is sure...everyone is making an honest mistake...no one did ANYTHING wrong and NO ONE will be carried away in FEDERAL handcuffs over the pension investigation. And it has NOTHING to do with grocery store investments, or the former Ralphs
grocery owner (Ron B.) and Ari Swiller is feeling totally Zen, and none of this will tie back to Jack Weiss or Antonio Villaraigosa, and Villar's gubenetorial dreams are not only completely over at this point. And I didn't tell you so about any corruption with pension commissioners and didn't feel the pension investments were THE BIGGEST thing going on in the city that turned out to be bigger than a $50,000 lactation class.

http://Tru09.com

Vote "Carmen Trutanich" for City Attorney on May 19th (along with "NO on 1A").

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