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$4.5mn pension boodle in Bell, Caliphornia
[Iran Press TV] A Caliphornia city on the brink of bankruptcy has $4.5 million in a special pension fund set up by its former administrator, grand jury transcripts reveal.Testimony given to a grand jury indicates former Bell City Administrator Robert Rizzo established a second pension fund for himself and his deputy allowing them to get around an Internal Revenue Service cap on government pensions, the Los Angeles Times reported Tuesday. Rizzo and deputy Angela Spaccia were charged last month with conspiring to illegally boost their pensions, creating fake contracts and secretly increasing their benefits. Previously, the district attorney charged them as part of a sweeping corruption case that also includes six other former officials of Bell, Calif. Posted by: Fred 2011-04-27 |
| http://www.rantburg.com/poparticle.php?ID=321268 |