Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: SmithL

Infuriating to see the union bosses claiming they wanted ‘conservative low risk’ investments, after FORCING risky mortgages loans on the Banks via ACORN, etc.

100% H Y P O C R I T E S . . .

- How much more of this can we TAKE?...


8 posted on 07/30/2010 6:25:22 PM PDT by 4Liberty ( How do you spell "moral hazard"?: $ 19, 0 0 0, 0 0 0, 0 0 0, 0 0 0.)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: All
While I believe pensioneers are responsible for their actions------another route might be to nail pension fund fiduciaries. Pension fund fiduciaries could be held liable for acccepting falsified documents and then failing to do the due diligence. Approving humongous pensions based on falsified illegal information is questionable fiduciary service, and could be prosecutable.

ANALYSIS Can the pension agency and the retirees produce documents that show how they calculated million dollar pensions? Did the pension agents and pensioneers file all the proper IRS documents? (Stolen money is taxable.)

Oh, never mind the FBI, SEC, IRS, DOJ can find out (/snix).

Filing and accepting false documents and falsified official information for fraudulent purposes incurs felony charges for 1st-degree tampering with public records, 1st-degree offering of a false instrument for filing, 4th-degree grand larceny, and 1st-degree falsifying of official records.

POSSIBLE CHARGES: Official acts prohibited, misuse of govt funds, abuse of public office; misuse of government position; abuse of government power; conflict of interest; influence buying; conspiracy to deceive; misuse of office, collusion, conspiracy to collude; extortion; govt fraud.

Possible federal offenses could include, but are not limited to:

Title 18 U.S.C. §1341, Mail Fraud, Electronic Fraud

18 U.S.C.§1001, Presenting a False Document to an Agent of the US Government,

18 U.S.C.§1027 False statements and concealment of facts in relation to documents required by the 1974 ERISA

Possible ERISA offenses including civiland/or criminal RICO violations,

18 U.S.C. §§1961-68 (RICO Act),

18 U.S.C. §241 (Conspiracy Against Civil Rights).

=====================================

(1) All of the pension documents need to be scrutinized.

(2) Banks holding monies for the pension agency need to be examined by an outside auditor to determine if the bank was used for fraud.

(3) FEC documents need to be exposed to determine whether pension agents AND pensioneers exchanged campaign contributions in return for pumping pensions.

9 posted on 07/31/2010 3:35:35 AM PDT by Liz
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson