LOS ANGELES IS SOFT ON PUBLIC CORRUPTION
AND ITS KILLING THE CITY: Corruption by public officials is bleeding Los Angeles dry and not much is being done to stop it. Law enforcement is soft on investigating and prosecuting public officials who steal or help their cronies and handlers walk away with the cities treasury.
Deputy District Atty. David Demerjian whose job it is to investigate crooked politians has done nothing about the scandal involving real estate developers who raided the cities employee pension plan.
Most of the developers who where given loans by the pension plan also were contributors to Los Angeles Mayor Little Antonio's campaign fund. The developers went bankupt leaving the city with the obligation to pay back the loans. That is the main reason the city is now broke and forced to lay-off 4000 workers.
And yet so far there hasnt been any investigations to find out if any laws where broken. Employee pension fund money was never meant to be used in such a highly speculative manner. And yet it was.
Dosent anyone want to know why?
Deputy District Atty. David Demerjian whose job it is to investigate crooked politians has done nothing about the scandal involving real estate developers who raided the cities employee pension plan.
Most of the developers who where given loans by the pension plan also were contributors to Los Angeles Mayor Little Antonio's campaign fund. The developers went bankupt leaving the city with the obligation to pay back the loans. That is the main reason the city is now broke and forced to lay-off 4000 workers.
And yet so far there hasnt been any investigations to find out if any laws where broken. Employee pension fund money was never meant to be used in such a highly speculative manner. And yet it was.
Dosent anyone want to know why?
posted by thedetroittimes at 10:37 AM
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