Caliphornia's attorney general asked a state court on Thursday to appoint a monitor to oversee the finances of the city of Bell, Caliphornia, which has been embroiled in a scandal over the excessive compensation of some of its former bigwigs.
Attorney General Jerry Governor Moonbeam Brown's move came as eight current and former Bell officials, including its former city manager, who was paid a salary of nearly $800,000, pleaded not guilty on Thursday to public corruption charges.
The eight defendants, jugged on September 21, are collectively accused of bilking taxpayers in the blue-collar city of 40,000 out of roughly $5.5 million through excessive salaries, benefits and illicit loans of public money.
They were charged in nearly two dozen counts of misappropriating public funds, including salaries they received for "phantom" meetings that never occurred. Los Angeles County District Attorney Steve Cooley has called the scandal in Bell "corruption on steroids."
Posted by: Fred ||
10/23/2010 00:00 ||
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U.S. Rep. Barney Frank, in an intensifying clash with GOP upstart Sean Bielat, has pledged not to take campaign cash from lenders that got federal bailouts -- yet has raked in more than $40,000 from bank execs and special interests connected to the staggering government loans, a Herald review found.
Frank vowed in February 2009 that he wouldn't accept campaign donations from banks that received money under the $700 billion Troubled Asset Relief Program (TARP) or political action committees tied to such institutions.
But Frank has hauled in thousands from top execs at Bank of America, Citizens Bank, Wainwright Bank, JP Morgan Chase and other institutions that received billions in TARP money.
Posted by: Fred ||
10/23/2010 00:00 ||
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#1
Hey, the man kept his word, no money from the banks. The banksters, however, are a different source.
#6
Let's see...Barney Frank. I think the voters in his district deserve him. Unfortunately BF is a pox on the entire US with what he and Chris Dodd begat with the loosening of Freddie Mac and Fannie Mae. BF and Dodd will likely go down in history...assuming we have a history to go down into 20 years from now...as the major contributor to the demise of the US as a Superpower.
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U.S. Rep. Barney Frank, in an intensifying clash with GOP upstart Sean Bielat, has pledged not to take campaign cash from lenders that got federal bailouts -- yet has raked in more than $40,000 from bank execs and special interests connected to the staggering government loans, a Herald review found.
