To: Eric H. Holder, Jr.
Attorney General of the United States, United States Department of Justice
Fr: Zuma Dogg
Re: Billions Lost in Los Angeles City Hall "Pension Fraud"
Dt: February 10, 2011
Dear Attorney General Eric H. Holder,
Please go to http://LACityNews.com to read about LACERS and CalPERS pension fraud in California as it relates to Mayor Antonio Villaraigosa, Los Angeles City Hall and a small circle of connected cronies. The scheme is similar to what Andrew Cuomo exposed in New York.
Same players in Los Angeles. The people busted by Cuomo in New York, were all working out of Los Angeles and all have ties to the L.A. Mayor.
The scheme was, Wetherly Capital and cronies back Villaraigosa for mayor. Upon election, he appoints Wetherly cronies to LACERS & L.A. Fire & Police pension boards. Appoints Wetherly's attorney as the head of the CRA/LA. And money is funneled into "ALTERNATIVE INVESTMENTS." The City of Los Angeles lost over 25% of the LACERS money over the two year '08 and '09 reporting periods. BILLIONS LOST...A -25% loss of pension money over a two year period. Only to be announced the city was invested in "overly risky, non-investment grade financial instruments and alternative investments," according to the LACERS report to L.A. City Council.
ALL THE DETAILS TO CONNECT ARE POSTED at http://LACityNews.com.
FBI on Wilshire Blvd have been investigation Los Angeles Housing Department conflict of interest allegations (regarding HARDCORE CORRUPTION in the LAHD) -- and have been made aware of the PENSION FRAUD blogging here, as well.
THREE RECENT POSTS:
LOS ANGELES CITY HALL PENSION FRAUD - Billions Lost in "Alternative Investments" (Henry Cisneros "CityView" Housing=LACERS Top PENSION LOSS!)
FBI: Here's Mayor Villaraigosa...PENSION FRAUD 101 - An Introduction
LOS ANGELES PENSION FRAUD Radio Special (Pt 1) - Wetherly Capital PensionGATE Insider Explains It All FROM THE TOP! (with Zuma Dogg)
THIS POST EXPLAINS HOW THEY PULLED IT OFF IN NEW YORK, AS BUSTED BY NY ATTORNEY GENERAL ANDREW CUOMO: EXCLUSIVE: Read TEXT of New York Attorney General Andrew Cuomo In The Matter Of Wetherly Capital (PENSION SCANDAL!)
I was told by LA District Attorney Steve Cooley that the information regarding Los Angeles PENSION FRAUD was, "kicked upstairs" to (then) CA Attorney General Jerry Brown. Although NY AG Cuomo obviously did his job; it appears as though AG Brown sat on the information due to the political climate in California as opposed to New York. So perhaps all the information is already sitting in the CA Attorney General's desk.
It was also made known to me by someone who was wearing a plastic LACERS id badge at L.A. City Hall, that Mayor Antonio Villaraiogsa, "twists the arms" of LACERS to invest in his pet projects (real estate and alternative investments/phony LLC's of his cronies like Ron Burkle, et al.) Perhaps I can help you find this LACERS member.