LACERS (Los Angeles City Employee's Retirement System)
SPECIAL MEETING
THURSDAY, MAY 19, 2011
TIME: 3:00 P.M.
MEETING LOCATION:
LACERS Boardroom
360 East Second Street, Eighth Floor
Los Angeles, California 90012
I. PUBLIC COMMENTS ON MATTERS WITHIN THE BOARD'S JURISDICTION
II. INVESTMENTS
A. CLOSED SESSION PURSUANT TO GOVERNMENT CODE SECTION 54956.9(C)
TO CONFER WITH COUNSEL REGARDING POTENTIAL INITIATION OF LITIGATION
(ONE CASE)
III. OTHER BUSINESS
V. ADJOURNMENT
The only thing I am not sure of by reading this is, is LACERS initiating the litigation over investments, or is someone else, like the SEC and/or Federal Government initiating the litigation on LACERS? After all, Villaraigosa's LACER commission appointees DID manage to lose over -20% of the fund in a two year period. (It was supposed to be an 8% gain, each year.) It all adds up to billions, and it has to be covered out of L.A. City's general fund, which is why we are having all of these budget crisis meetings at City Hall, now. And it has been discovered that many of Villar's cronies, backers and appointees have been taken down by Andrew Cuomo over pension fraud. And I'm sure a lot of those people who got busted and who took deals to prevent from going to jail, have a lot to add to my own blogging on the matter. So it wouldn't surprise me if this litigation was because LACERS is the one getting litigated against. (But I'm still not sure. Any clarifications?)
Showing posts with label SEC. Show all posts
Showing posts with label SEC. Show all posts
Thursday, May 19, 2011
Monday, May 11, 2009
Internal Memos To LA Daily Blog From Wetherly Insider Tells History of the Capital Investment Firm
I find all the memos I am reading regarding the background players who will be/are starring in the United States of America, NATIONWIDE pension scandal that is even bigger than I thought when I started warning City Hall of the problem, to be very compelling.
So here is a little, "show you how the clock is made" (instead of just telling you what time it is) regarding Wetherly Capital, who are only SOME of the players who have sucked this city, state and country dry. These are the names we will be remembering as we witness the end of an era.
Zuma,
Dan Weinstein, as well as his main financial backer Kapo Ron Burkle who NEXT TO the monopoly De Beers is the largest financial contributor to the Democratic Party of the United States, all follow very closely in the “footsteps” of De Beers. [Note: Someone sent a message saying, "Weinstein's main financial backer is Richard "Dick" Ziman (Former CEO of Arden Realty).]
Why, apart from you only drinking coffee over the past 24 hours, can you not get your arms around the fact that those who profit the most from war, which allow the victors to steal the land and all the mineral resources below, before then making all the rules and regulations which keep them in the pound seats before they NEXT plunge the world into an ongoing genocidal war, back all sides to every conflict, which does not prevent them from owning the judicial system?
BTW, included in these original documents that were produced by the Wetherly Capital group including the most “smoking gun” document titled, WATER FUND which Dan Weinstein’s co-managing director, Vicky Schiff produced, herself, in anticipation of our most important meeting on February 8th, 2002, is a letter dated April 3rd, 2002 which is addressed to me and written by Wetherly Capital Group’s one attorney, Stanford Law School trained William H. Jackson Esq.
I doubt there exists anywhere in the entire universe a more incriminating document, let alone one produced by an Ivy League Law School alumnus.
Not to mention below is a joint safety deposit box agreement form along with one of the keys, that was held in both my and Vicky L. Schiff’s names, and which once contained the original “side agreement” between Ms. Schiff and me, that spelled out, because I had served her so well in “extricating” herself “without a scratch” from Lou Gonda, who along with his father were the second largest shareholders of now Government owned enterprise, AIG, Ms. Schiff agreed to pay me 10% of every penny she made until such time as she retired; and by the way, Ms. Schiff back in the summer of 2001 was in her mid-30s and very much in the prime of life and of “sound mind”, no different than today, I assume.
Moreover, copies of her two checks to me (ZD sees copy of checks in attachment) Capital Group also executing to the letter, my Retainer Consulting Agreement that both Ms. Schiff and Mr. Weinstein signed along with me on September 17th, 2001.
Not to mention in his letter dated April 3rd, 2002, some 20 days before Stanford Law School Professor Joe Grundfest Esq. warns me, “Could I stop you?”, Stanford Law School graduate Mr. Jackson is, while “blackening his hands” to the Nth Degree, offering to pay me US$ 9,375, the balance of my retainer.
Ron Burkle, who was the first to hire Bill “Rhodes-De Beers Scholar-Pardon-Marc Rich” Clinton after he left the White House after giving Marc Rich a Presidential Pardon at the 11th hour, most likely would have been quite happy to settle me a cool US$ 3 million.
To mention little of Mr. JRK has copies of all these beyond belief self-incriminating documents which I shall be using in filing an epic class action lawsuit against both the State of California as well as the US Federal Government to return all tax monies to those of us not getting our big government bailouts, which of course are going to those who have failed, while making people such as yourself increasingly on the edge.
You should at least realize that having “deep pockets” has meant the exact same as having the “big gun”.
But now, if you haven’t been corrupted, you are realizing the information you have, once shared, and not a moment before, makes you and everyone you touch that much more powerful and invigorated while the “losers” feel increasingly weaker; worse yet, they are increasingly isolated and “left to their own thoughts”; better yet, unless hermits they cannot physically hide with their increasingly worthless money as well as all the ill-gotten gains obtained by having simply been on the side of those increasingly dependent on the big gun, who after killing their strongest opponents then rely on their control of the “information flow” to systematically brainwash those enslaved, which is exponentially difficult to do as credible people such as me broadcast at Internet light-speed.
Not to mention, the next generation of children are that much more wired than the past, and will catch on that much quicker to the games of the preceding generation who now have to deal with that reality catching up fast.
Most paralyzing, of course, for all those who usurp their limited authority is not knowing who exactly is getting the information and when, but quite certain it is inevitable that this Knowledge-Information-Light cannot be stopped.
AND AS A REWARD FOR STILL READING, time...to GIVE, THE PEOPLE...WHAT!!! THEY!!! WANT!!!
I wasnt' going to post this yet, but my computer screen is on the blink, and who knows next time I can blog, so here's an idea of the memos I am sifting through as background in this story. Perhaps, you'll find it compelling?
So here is a little, "show you how the clock is made" (instead of just telling you what time it is) regarding Wetherly Capital, who are only SOME of the players who have sucked this city, state and country dry. These are the names we will be remembering as we witness the end of an era.
Zuma,
Dan Weinstein, as well as his main financial backer Kapo Ron Burkle who NEXT TO the monopoly De Beers is the largest financial contributor to the Democratic Party of the United States, all follow very closely in the “footsteps” of De Beers. [Note: Someone sent a message saying, "Weinstein's main financial backer is Richard "Dick" Ziman (Former CEO of Arden Realty).]
Why, apart from you only drinking coffee over the past 24 hours, can you not get your arms around the fact that those who profit the most from war, which allow the victors to steal the land and all the mineral resources below, before then making all the rules and regulations which keep them in the pound seats before they NEXT plunge the world into an ongoing genocidal war, back all sides to every conflict, which does not prevent them from owning the judicial system?
BTW, included in these original documents that were produced by the Wetherly Capital group including the most “smoking gun” document titled, WATER FUND which Dan Weinstein’s co-managing director, Vicky Schiff produced, herself, in anticipation of our most important meeting on February 8th, 2002, is a letter dated April 3rd, 2002 which is addressed to me and written by Wetherly Capital Group’s one attorney, Stanford Law School trained William H. Jackson Esq.
I doubt there exists anywhere in the entire universe a more incriminating document, let alone one produced by an Ivy League Law School alumnus.
Not to mention below is a joint safety deposit box agreement form along with one of the keys, that was held in both my and Vicky L. Schiff’s names, and which once contained the original “side agreement” between Ms. Schiff and me, that spelled out, because I had served her so well in “extricating” herself “without a scratch” from Lou Gonda, who along with his father were the second largest shareholders of now Government owned enterprise, AIG, Ms. Schiff agreed to pay me 10% of every penny she made until such time as she retired; and by the way, Ms. Schiff back in the summer of 2001 was in her mid-30s and very much in the prime of life and of “sound mind”, no different than today, I assume.
Moreover, copies of her two checks to me (ZD sees copy of checks in attachment) Capital Group also executing to the letter, my Retainer Consulting Agreement that both Ms. Schiff and Mr. Weinstein signed along with me on September 17th, 2001.
Not to mention in his letter dated April 3rd, 2002, some 20 days before Stanford Law School Professor Joe Grundfest Esq. warns me, “Could I stop you?”, Stanford Law School graduate Mr. Jackson is, while “blackening his hands” to the Nth Degree, offering to pay me US$ 9,375, the balance of my retainer.
Ron Burkle, who was the first to hire Bill “Rhodes-De Beers Scholar-Pardon-Marc Rich” Clinton after he left the White House after giving Marc Rich a Presidential Pardon at the 11th hour, most likely would have been quite happy to settle me a cool US$ 3 million.
To mention little of Mr. JRK has copies of all these beyond belief self-incriminating documents which I shall be using in filing an epic class action lawsuit against both the State of California as well as the US Federal Government to return all tax monies to those of us not getting our big government bailouts, which of course are going to those who have failed, while making people such as yourself increasingly on the edge.
You should at least realize that having “deep pockets” has meant the exact same as having the “big gun”.
But now, if you haven’t been corrupted, you are realizing the information you have, once shared, and not a moment before, makes you and everyone you touch that much more powerful and invigorated while the “losers” feel increasingly weaker; worse yet, they are increasingly isolated and “left to their own thoughts”; better yet, unless hermits they cannot physically hide with their increasingly worthless money as well as all the ill-gotten gains obtained by having simply been on the side of those increasingly dependent on the big gun, who after killing their strongest opponents then rely on their control of the “information flow” to systematically brainwash those enslaved, which is exponentially difficult to do as credible people such as me broadcast at Internet light-speed.
Not to mention, the next generation of children are that much more wired than the past, and will catch on that much quicker to the games of the preceding generation who now have to deal with that reality catching up fast.
Most paralyzing, of course, for all those who usurp their limited authority is not knowing who exactly is getting the information and when, but quite certain it is inevitable that this Knowledge-Information-Light cannot be stopped.
AND AS A REWARD FOR STILL READING, time...to GIVE, THE PEOPLE...WHAT!!! THEY!!! WANT!!!
I wasnt' going to post this yet, but my computer screen is on the blink, and who knows next time I can blog, so here's an idea of the memos I am sifting through as background in this story. Perhaps, you'll find it compelling?
It wasn’t all that long ago that Ms. Schiff arranged a fundraiser at her house for Ms. Kathleen Connell the current State Controller as referenced earlier in one of the hyperlinks. Her boyfriend Mark, Siffin that is, was also present. There was also another Mark in her life, a Mark Weinstein, who I introduced her to. Although they didn’t hit it off as well as the other two Marks they did end up in business together butt that came crashing down. This time, however, I stepped up to the plate and saved the day. Mark Weinstein and I go back around 20 years. He is unquestionably one of the biggest small time movers and shakers building a $150 million plus real estate portfolio from little scratch in a space of a decade. He tactics and strategies however, are on a par it turns out with the biggest players in the industry who as we know lie, steal and cheat.
Mark Weinstein and Ms. Schiff eventually resolved their dispute butt they failed to consult me on the settlement. There is however, a “mutual hold harmless” provision within their settlement agreement that in the event I were to take legal action against either one of them the other party would not be liable. What is interesting is that I was never a party to any agreement between Mark Weinstein and Ms. Schiff. My name doesn’t appear on any documents pertaining to their business matters other than this “release and settlement agreement.”
It so happens that a very similar “release and settlement” agreement was sent to me, first by fax, followed up the next day with a FEDEX package, by the same lawyer who drafted the settlement between Mark Weinstein and Ms. Schiff. This settlement “proposal” is however, strikingly different to the one involving Ms. Schiff and Mark Weinstein. For starters the parties are mostly different. Only Ms. Schiff’s name appears in both settlement agreements. The main other “party” in this “ram it down my throat” nonsense is Mr. Dan Weinstein.
Mr. Dan Weinstein though is really nothing more than a whiner and a lackey for the some much more serious players. Certainly, Dan Weinstein has had his share of the headlines especially in the last Los Angeles Mayoral race butt he is a man who mostly takes instructions from higher up and mostly in the form of the telephone calls. At sum point one might want to subpoena all his phone records although again, I am sitting on all the evidence one would need to convince a jury that Mr. Weinstein and his other buddies who helped get Wetherly Capital kick-started are the ones really calling the shots.
The last time I met and spoke with Dan Weinstein was on February 8th probably within days of the Siffin court decision authorizing the deposition of Mr. Siffin. It seems though that Mr. Weinstein failed to inform his and/or Vicky Schiff’s lawyer of this rather telling meeting that took place in the World headquarters of Arden Realty, no doubt under the watchful eye of Mr. Burkle who is Mr. Clinton’s recent business partner.
Wetherly Capital have a rather interesting selection of corporate clients who they “assist” in helping raising monies from institutions like CALPERS. I have no idea whether they have had any success in these particular efforts although Mr. Burkle threw a couple of million into the kitty when he got his first $200 million installment from CALPERS. I doubt whether Wetherly Capital even have the right licenses to be doing what they are doing butt then again these folks make the rules.
http://LADailyBlog.com: Because city hall likes me to have nothing but time to blog! Ask any councilmember or Villaraigosa. Hey guys, guess what's yet to come? YIKES! And like Boy George of Cultre Club once said, "I got nothiiiiiiiiin', but time."
Wednesday, May 6, 2009
Zuma's LA Daily Blog Sends Villaraigosa Video into Top 2 on NATIONAL U.S. BNN Ranker!
Like a river of shadiness that constantly flows, so do blog posts across the country, so this ranker will change, eventually, but for NOW, Zuma Dogg's LA Daily Blog puts story in Top 2 U.S. Ranker (Thanks for being a part of it Mayor V.!)
Most-Clicked State Blogs (Blog Net News National Ranker)
Recent Posts:
BREAKING NEWS: PENSION COMMISON INVESTIGATION UPDA...
VIDEO: Villaraigosa on Whether He Will Run For Governor &...
The LOW DOWN on Villaraigosa's Budget Proposal: E....
CalPERS: Are THESE the Connect-The-Dot Memos Being...
Does L.A. Pension Scandal Tie To (City Attorney Ca...
Zuma Dogg Places Two Blogs in BNN's STATEWIDE "Inf...
NOTICE To Zuma Dogg's CalPER Story Helpers...
Does This Story EXPOSE California Pension Scandal ...
I've Had Enough of The Nunez Posse's State Bankrup...
CalPERS (California Pension) CORRUPTION Uncovered ...
Is New CALPERS Head A Shady Political Insider? (LA...
Here is a feed of recent LA Daily Blog posts including subscription link.
http://ZumaTUBE.com (Zuma's videos)
Most-Clicked State Blogs (Blog Net News National Ranker)
- 1. Great Lakes Study Fatally-Flawed
- 2. Villaraigosa on Whether He Will Run For Governor & City Employee Firings (Video)
- 3. Anamorphic 3-D pavement paintings. Julian Beever
- 4. Just Say KNOW
- 5. Ron Dellums releases proposed Oakland FY09-11 budget
Today's Most Clicked POSTS (BNN CALIFORNIA STATEWIDE rANKER
- 1. Villaraigosa on Whether He Will Run For Governor & City Employee Firings (Video) (34)
- Anamorphic 3-D pavement paintings. Julian Beever
- Ellinorianne's Nightly Open Thread
- Just Say KNOW
- Ron Dellums releases proposed Oakland FY09-11 budget
BREAKING NEWS: PENSION COMMISON INVESTIGATION UPDA...
VIDEO: Villaraigosa on Whether He Will Run For Governor &...
The LOW DOWN on Villaraigosa's Budget Proposal: E....
CalPERS: Are THESE the Connect-The-Dot Memos Being...
Does L.A. Pension Scandal Tie To (City Attorney Ca...
Zuma Dogg Places Two Blogs in BNN's STATEWIDE "Inf...
NOTICE To Zuma Dogg's CalPER Story Helpers...
Does This Story EXPOSE California Pension Scandal ...
I've Had Enough of The Nunez Posse's State Bankrup...
CalPERS (California Pension) CORRUPTION Uncovered ...
Is New CALPERS Head A Shady Political Insider? (LA...
Here is a feed of recent LA Daily Blog posts including subscription link.
http://ZumaTUBE.com (Zuma's videos)
Thursday, April 30, 2009
HUGE!: SEC Investigation Into L.A. City Pension Fund WIDENING as Partner in Firm is ARRESTED!
Say what you want about Zuma Dogg, as long as you say that I warned of this as it was happening, then alerted the masses after the losses were announced, then was the first and only one calling for an investigation. Yes, I'm bitter for all the time, money and energy I spent attending coucil meetings to get the message out on TV and all the time I spent blogging about it, while being scoffed and scorned and ignored. HA HA! I WAS RIGHT, YOU WERE WRONG! I SAID SOMETHING AND DID SOMETHING ABOUT IT! YOU DIDN'T!What else do you want to know about what is and what will be happening in Los Angeles? Remember, you heard of "Now and Laters?" Zuma Dogg compared to the rest of the news media is called "Before and Afters." (Zuma Dogg covers it before, then LA Times and everyone else covers it after.)
From the Los Angeles Times
SEC sues consulting firm for Los Angeles pension agency
The lawsuit and the arrest of a partner in the firm are part of a widening kickback scandal.
By Walter Hamilton, David Zahniser and Marc LifsherReporting from Sacramento, Los Angeles and New York -- A multimillion-dollar pension-kickback scandal widened further Thursday as a consulting firm for a Los Angeles city retirement fund was sued by federal regulators and one of its partners was arrested on criminal charges.
Aldus Equity was charged by the Securities and Exchange Commission with civil securities fraud for allegedly making improper payments to win business managing money for a New York state pension fund.
Dallas-based Aldus is one of two firms that recommend private equity funds to the Los Angeles Fire and Police Pension agency, which manages a $10.7-billion portfolio for retired firefighters and police officers.
Aldus has a three-year contract and receives $1 million a year to advise the Los Angeles fund, said Tom Lopez, the pension agency's chief investment officer.
Saul Meyer, a founding partner of Aldus, was arrested and charged by New York Atty. Gen. Andrew Cuomo with one count of criminal fraud.
Lawyers for Aldus and Meyer denied the charges against their clients.
Cuomo's investigation of alleged pension abuses is turning up signs of potential problems in California and other states, the attorney general told reporters.
"I don't think this is unique to New York," he said. "I believe other states have similar problems."
Cuomo said his office would coordinate more with other states regarding pensions, "and we're going to be doing that literally in the next couple of days."
Scott Gerber, a spokesman for California Atty. Gen. Jerry Brown, declined to elaborate on Cuomo's statement.
"We work with New York on lots of issues, but we're not going to confirm nor deny an investigation on this," Gerber said.
The allegations against Aldus raise new questions about the Los Angeles Fire and Police Pension agency.
The Times reported last week that the SEC's Los Angeles office asked two pension board members, Sean Harrigan and Elliott Broidy, for detailed information about their personal financial dealings and about any communications they had with Aldus and other firms whose names have been linked to the pension scandal.
The SEC alleges that Aldus paid a shell company about $320,000 in sham "finder fees" in return for being hired to manage $375 million for the New York pension fund.
The shell company was owned by Henry "Hank" Morris, a onetime advisor to former New York comptroller Alan Hevesi.
READ FULL ARTICLE (Is this the firm CM Tony Cardenas is tight with?)
YOU KNOW: When my dad passed away and left the stock portfolio behind that he watched like a hawk, 24 hours a day, I didn't trust the executor implicitly, and started to look into the stock market and started to follow the market, which led my focus to the global economy and I have blogged all the predictions based on that research that we are now all living through. But the point is, when my mom was left with a small portfolio of stocks, I WATCHED IT LIKE A HAWK, TOO!
SO HOW COME LOS ANGELES MAYOR ANTONIO VILLARAIGOSA & LOS ANGELES CITY COUNCIL MUST NOT HAVE LOOKED INTO THINGS, AT ALL...EVEN THOUGH (THEN) CFO BILL FUJIOKA SAT BEFORE COUNCIL AND WARNED THE HELL OUT OF THEM ABOUT THE STRUCTURING OF THE PENSION INVESTMENTS?!?!?
They let it slide into a $7 BILLION DOLLAR one-year loss?!?!? THIS IS GOING TO BANKRUPT THE CITY BY 2013!
I DO NOT BELIEVE THEY DIDN'T KNOW WHAT WAS GOING ON. I THINK SOME FOLKS THAT WORK ON SPRING STREET WERE THE ONES PUSHING FOR THESE INVESTMENTS!!!
Either way...YOU DON'T THINK ANYONE INSIDE CITY HALL NEEDS TO BE HELD ACCOUNTABLE???
Monday, April 27, 2009
LA Daily Blog NEWS HEADLINES (4/27/09)
via Los Angeles Business News - Local Los Angeles News | Los Angeles Business from bizjournals on 4/27/09
The Los Angeles Times saw declines in both its daily circulation and its Sunday circulation during the last six months, according to the latest FAS-FAX report from the Audit Bureau of Circulations.
CalPERS moves to beef up disclosure rules for outside marketers
The huge public pension fund may require investment companies that it does business with to disclose fees paid to placement agents.
The leader of the California Public Employees' Retirement System -- the country's largest public pension fund -- on Monday ordered its staff to draft a policy requiring investment companies hired by the fund to disclose fees paid to the firms' outside marketers.
The leader of the California Public Employees' Retirement System -- the country's largest public pension fund -- on Monday ordered its staff to draft a policy requiring investment companies hired by the fund to disclose fees paid to the firms' outside marketers.
[Perhaps the "SEC" story below and LACERS $7 BILLION Wall Street bamboozle could be the reason?]
via Los Angeles Times - Top News on 4/25/09
L.A. Fire and Police Pensions board members Sean Harrigan and Elliott Broidy are asked for documents regarding at least three firms under scrutiny in connection with a N.Y. pension kickback scandal.An investigation of alleged pension-fund improprieties that already has entangled New York state officials, a key Obama advisor and a well-connected political consultant has now reached a Los Angeles agency that invests more than $10 billion for retired city firefighters and police officers.
More on this story HERE and HERE.via Los Angeles Times - Top News on 4/27/09
Former Orange County Sheriff Michael S. Carona was sentenced this afternoon to 66 months in federal prison and fined $125,000 in a high-profile corruption case.
via The Orange County Register - Homepage on 4/27/09
Polling indicates voters don't like May 19 measures.
via L.A. Times - California | Local News on 4/27/09
With budget problems afflicting counties across the state, some have begun eliminating healthcare to illegal immigrants. Critics say this will only shift the burden to hospital emergency rooms.
Forced to slash their budgets, some California counties are eliminating non-emergency health services for illegal immigrants -- a move that officials acknowledge could backfire by shifting the financial burden to emergency rooms. 
Forced to slash their budgets, some California counties are eliminating non-emergency health services for illegal immigrants -- a move that officials acknowledge could backfire by shifting the financial burden to emergency rooms.
via L.A. Times - California | Local News on 4/27/09
At the annual downtown festival of music and culture, the testaments to Latino economic clout were as plentiful as they were creative. Of importance to many: the 2010 census.
At Sunday's Fiesta Broadway, the annual downtown festival of music and culture, the testaments to Latino economic clout were as plentiful as they were creative. At the Home Depot booth, kids could hammer together wooden toys. State Farm Insurance offered a batting cage. Ocean Spray built a cranberry bog complete with a farmer in hip waders.
At Sunday's Fiesta Broadway, the annual downtown festival of music and culture, the testaments to Latino economic clout were as plentiful as they were creative. At the Home Depot booth, kids could hammer together wooden toys. State Farm Insurance offered a batting cage. Ocean Spray built a cranberry bog complete with a farmer in hip waders.
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