[PICTURED: Common, guys...they pilfered BILLIONS in pension money in a fraud ring and California is sinking. SOMEONE needs to be held accountable and the people are getting restless for answers.]
To: California Governor Jerry Brown
Cc: U.S. President Barack Obama, U.S. Attorney General Eric Holder
Re: California State and Local PENSION FRAUD (CalPERS, LACERS, LAFPP)
Dt: February 22, 2011
Dear Governor Brown, This is Zuma Dogg from Los Angeles, CA.
I know you are aware of pension fraud issues in California.
I have connected quite a few dots and tied a lot of it together on my blog http://LACityNews.com.
A small circle of private equity firms and the politicians they back and get elected into office are responsible for billions and billions of pension dollars disappearing into thin air. It was announced at an L.A. City Council meeting that the City of L.A. was invested in overly-risky, non-investment grade "alternative investments" (with emphasis on real estate). The result was a loss of -21% of the pension fund for the '08 & '09 period.
I believe the same illegal racketeering and fraud that Andrew Cuomo busted people for in New York, has also been applied, here in California.
I know you are friends and colleagues with a lot of the people responsible, but I hope you can bring yourself to see that at least some of these people are brought to justice, in hopes of shutting this pension-pilfer fraud ring down.
The City of L.A. sends out undercover sting operations to try and bust people selling a pack of one dollar incense at Venice Beach. They will write you a criminal ticket for standing in the wrong spot on the Venice Beach boardwalk:
MEANWHILE, these same people are responsible for billions and billions of taxpayers dollars being lost in a fraud and abuse scheme that Cuomo detailed in his investigation and I have posted on my blog.
If you need any additional information to let a few indictments drop, again, check http://LACityNews.com. But I think you know as much as Zuma Dogg knows. So please take action.
The entire city and entire State of California is suffering a state of budget and services emergency over this single issue. I also heard you are trying to "shut down" the community redevelopment agencies (like CRA/LA) -- and this may be a tact you can use to do so. Pension money is being funneled into these projects in a cahoots-racketeering scheme. Shut down pension fraud, and you shut down the CRA.
HERE IS THE STARTING POINT...AND ONLY POST YOU NEED, CAUSE IT LINKS TO ALL OTHER PENSION FRAUD POSTS: PENSION FRAUD FOR DUMMIES (Part 2): Placement Agents and How They Hand The Money Back To Themselves Through Your Elected Puppets
EXCERPT: "SO WAIT UNTIL YOU HEAR HOW THE CITY OF LOS ANGELES LOST BILLIONS OF PENSION MONEY -- TO BE COVERED OUT OF THE GENERAL FUND!!! (A real heart breaker for us all, except a small circle of private equity firms who back the politicians who appoint their posse to the pension boards, who vote to hand the money back over to the private equity firms (while the pension commissioners are still executives at the equity firms) -- and the money is invested in shill non-profits and projects of relatives and cronies of the elected officials and equity firms.
IT'S A BIG PIE...AND YOU DON'T GET A PIECE OF IT...THEY ATE THE WHOLE PIE..AND NOW THEY ARE FIRING POLICE, FIRE, TEACHERS...CLOSING PARKS, LIBRARIES...the city is gonna come to an unsafe, public-safety-nightmare of a halt...
CAUSE Alatorre, Moret, Molina/Martinez, Nunez, Villaraigosa, Ari Swiller, Riordan, Villabobos, Buenrostro, Julio Ramirez, Jr., Monctasuma, Borges, Ziman, Weinstein, McFarlane, "Jerkle" Burkle, Darius Anderson, Magic Johnson and Henry Ciseneros ate up all the pension pie.
We have City Council elections coming up on Tuesday, March 8, 2011.
But the point is, it really doesn't matter who wins, or loses the city council elections. These puppets are so far down the totem pole, they don't even DARE not-approve one of Vilaragiosa's commissioner appointments to the pension, planning and other boards.
The councilmembers are merely helpless puppets who have no choice other than to approve what they are told to approve from the higher local powers that be."
READ MORE at http://LACityNews.com