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October 26, 2013

Tutorial: How to Inflate Your City Retirement

Filed under: Probable Cause — Tags: , — Bill @ 9:14 am

pile-of-cashThe revelations just never end in the corruption trial of former Bell, California, Deputy City Administrator Angela Spaccia.

This LA Times article explains how Rizzo and Spaccia had a Wells Fargo & Co. pension expert draw up a really, really, really, really generous and very personalized pension plan — just for them.

The Times article is so clearly written that no explanation is necessary.

Wow!  Just wow!

2 Comments

  1. I also have followed this issue in the L.A. Times. “Wow! Just wow!” sums it up for me.

    Comment by Susie Snedaker — October 26, 2013 @ 1:56 pm

  2. I still wonder how a city’s annual audit does not at least question outlandishly large dollar values like this. I’d think the investigators would have interviewed whoever did the audit to ask appropriate questions.

    Comment by Bill — October 26, 2013 @ 2:00 pm

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