Worrisome News
San Diego city pension fund in trouble, indictments handed down.
A federal grand jury indicted the former top executive of the San Diego pension system, its lawyer and three former trustees on conspiracy and fraud charges yesterday in the opening salvo in the federal government’s latest corruption probe at City Hall.
Law enforcement sources said the indictments are the first part of a far-reaching criminal investigation that could stretch into the highest levels of a city government already reeling from multiple scandals.
This is not something to make city employees feel really confident in the integrity of their own system, especially given that it’s likely to become a key battleground again in the future.
h/t to RedState.
February 16th, 2006 at 12:09 am
[...] Update 8:It’s the payroll, not the pension, but the point’s still valid. This update was also to contain the four employee’s identities, but I made another post out of it due to some speculation I added. [...]