What Could They Be Hiding?
Trustees for at least two city pension funds are considering stonewalling Chicago's inspector general over a subpoena for records involving their investments with a company co-owned by one of Mayor Daley's nephews.
The funds invested millions of dollars in DV Urban Realty Partners, founded by Daley nephew Robert Vanecko and Allison Davis, a mayoral supporter whose law firm once employed Barack Obama.
At their last meeting, trustees for the police fund voiced opposition to the subpoena. They're meeting again today. An attorney for another city pension fund has contacted Inspector General David Hoffman's office to say its trustees also plan to refuse his subpoena, according to sources who would not identify that fund.
Labels: pension
posted by SCC at 12:02 AM
40 Comments:
God Bless Mike Shields - Go get 'em kid!
Mike Shields is going to hand deliver the subpoenaed reports to the IG and the FBI.
Mike and Dan Shields are going to take Daley out. Danny is going to lead the assault on the Mayor's office again at the informational picketing.
Please media or investigative reporters check this out! This is all real and it's been going on for a long time. If you want to help Illinois fix the corruption start with Chicago. You could find a lot of snakes under this rock I promiss you! Ask yourselves, why does city hall hate Mike Shields on the pension board so much? This alone should get your curiosity going.
Line all these thieving Daley pals up against the wall & shoot them !!!!!!!!
Looks like another source of $$$$$$$ that Daley has his fat little hands in.
We need honest people to protect our pension, if they can't be found in Chicago, find them elsewhere !!!!!!
OINK OINK Pig Daley !!!!!!!!!!!!!!!!!!!!!!!!!!!
Come on media where are you on this one?
The issuing Judge should order their arrests and hold them in custody until they comply. Let's see what he actually does.
Recently, our pension fund has been subpoenaed by the inspector generals office. They are requesting any and all documents regarding DV Urban Realty. This is a company that is 51% owned by Allison Davis (a Tony Rezko partner) and Bob Vanecko, the nephew of mayor Daley. This was a risky real estate fund to develop properties in low income neighborhood.
Our board attorney, David Kugler, has advised the board to not comply with this subpoena, citing jurisdiction. This is a legal technicality to avoid giving up any information. I motioned at two consecutive meetings to comply with the subpoena. Unfortunately my motions have fallen on deaf ears. The board has refused to comply. Our board should not do the dirty work of covering up for the mayor's nephew.
Money from this pension fund is derived from over 9% of an officer's annual salary and from taxes that are levied. Any transaction conducted by the fund should be completely transparent. Both Officers and Tax payers should be appalled at this.
I urge all officers to forward on this to other officers. Also, THE NEXT PENSION BOARD MEETING IS APRIL 29TH AT 221 N. LaSALLE 16TH fl at 9:00 a.m.
Anonymous said...
Anonymous said...
It has been brought to my attention that the Pension Fund has been paying the Disability Pension of our officers. If this is true, the pension fund has been bilking the Fund out of millions of dollars for years. The Illinois Statute (140 ILCS 5/5 173) Sec. 5-173 states that "The city shall contribute all amounts ordinarily contributed by it for annunity purposes for a disabled policeman receiving ordinary disability benefit as though he were in active discharge of his duties". Also have been told that the "Pensiosn Fund" officers know this but don't want to commit any waves with the City. Does anyone know if there is any truth to this? Mike Shields can you look into this also? Also understand that certain members of the Fire Department are going to file suit this summer regarding this. Why doesn't the FOP look into this? They also know about this but also don't want to cause any waves with the City. Hey it's our Pension Fund. I'm done. AMEN
Thanks Mike Shields, but Sgt. Mike Lazzaro was right there next to Shields fighting the same issue. Lazzaro was there fighting for us before Shields, and now we have a team fighting for our rights. What about the Lt's and the Retiree's reps????
Thanks Mike Shields, but Sgt. Mike Lazzaro was right there next to Shields fighting the same issue. Lazzaro was there fighting for us before Shields, and now we have a team fighting for our rights. What about the Lt's and the Retiree's reps????
Sgt Mike Lazzaro knows about this disability fraud, because, I know. He knows that the Pension fund is paying the salaries of the duty related disability officers and
not the city. So does "rug Head" Hauser. Nobody wants to cause any waves with the city. Folks, It's our pension money. Mike Shields, please look into this.
Retirees:
Call Hauser - Call Hauser - Call Hauser.
He is our alledged representative on the board. Let him know, as I did in no uncertain terms, what needs to be done.
In our heart of hearts we know we will loose the vote 5 [Daley Lackeys - appointed] but at least the 4 elected reps MUST vote yes to this inquiry.
Don't know this kid Shields but he seems like the real deal. KEEP UP THE FIGHT.
Gee......what would happen if a police officer ignored a subpoena?
I can hear those paper shedders churning away as I type.
Secrecy breeds suspicion.
April 29th is the next Pension Board Meeting. 9:00
REFUSE?
I THOUGHT HOFFMANS OFFICE HAD DICKS WORKING THERE.
JUST BRING EM IN AND HOLDEM FOR 48 HOURS BOYS AND GIRLS!
JUST LIKE THE REAL DETECTIVES DO AT THE AREAS.
UNLESS HOFFMAN DOESNT KNOW HOW ITS DONE B-CUZ HE WAS NEVER A POLICEMAN,JUST LIKE R FEARLESS LEADER J-FED.
I LOOKED AT THE LIST OF OFFICERS WORKING IN HOFFMANS OFFICE AND I HATE TO SAY IT BUT I WOULDNT LET THEM DO A SHOPLIFTING UPGRADE.
I FORGOT TO MENTION THAT MOST OF THEM R BLUE SHIRTS!!!
DONT 4 GET TO SUBMIT A WRITING SAMPLE IF U DONT HAVE A PHONE CALL TO GET INTO THIS HI-SPEED UNIT THAT CANT EVEN GET DOCUMENTS.
ASK SGT LUCKI IN FINANCIAL CRIMES 4 HELP, AT LEAST HE WOULD GET THE MISD. CHARGES.
Sounds like once you have the official word that they will not honor the subpoena, then a walk over to Dirksen and up to the AUSA's office and make an official complaint.
You can't sit back and wait till the fund collapses, or they have time to "loose files" or meet with Shortshanks to learn how to cover shit up...
It's very suspect of how they can't respond, in light of who is involved and ties.
Not to jump the gun here, but it might be the final nail...
Daley son and nephew have lawyered up with a big shot ex prosecuter and confirms pension boards will resist giving any info
City IG will get nowhere with this. Hopefully some fed heat might coming since both are now represented and shortshanks will not be able to laught it off with his tame media
Remember it is "For the children"
Shields has made 2 motions to have the Board comply with the subpoena. He can't even get a second!! Not from Retiree Hauser...not from Sgt. Short Sleeves Lazzara....not from Lt. Mahoney. Those three bitches are in the city's pocket.
Supervisors, call your pension trustees and tell them you will vote them out.
P.S. Hey Steve Robbins. One of the reasons you lost your spot to Shields was that you voted to give our money to DV Urban Realty and Vanecko. At roll calls, you told us you were tricked and did not know you were voting to give money to the mayor's nephew. Prove it. Go to Hoffman's office and spill the beans. If you were duped, you owe DV and the fuckers on the Pension Board a little payback. Don't you think?
lets go Patty Fitz
They are hiding the fact that They arenot funding the pension, in violation to state law.
Why doesn't the FOP look into this?
Dirty.
NOTHING would have even been heard of if it wasn't for Shields. We've been getting screwed by the city for years and this shitbag Hauser has been going along with it forever. If he gets back in we have noboby to blame but ourselves.
Ladies and Gentlemen:
Retiree Trustee Kenny "Dinner Bell" Hauser voted against every police officer trying to get duty disability yesterday. He was the swing vote that resulted in denials all of the denials. "Dinner Bell" Hauser voted with the Daley appointees every time. Retirees, get rid of this fat wig wearing loser! He's only in it for the free food and trips. Screw him.
Come on media where are you on this one?
3/27/2009 01:14:00 AM
There performing oral sex on these thieves.
Daley got to go, why isn't he in jail with the rest of the crooks.
HAAAAA HAAAAAAAAAAA!!
...Just saw on breaking news that shortshanks jr. & vanecko "lawyered up."
What's wrong lads? Too many hard questions about your sweetie sewer contract?
Or is this an attempt by vanecko to try to get in front of hard questions regarding pilferage from our pension fund? (a curiousity that a. davis isn't mentioned?) A bigger curiousity is could this be the potential source of k. hauser & co. stonewalling the subpoena by the I/G?
HMMMMMM... are certain somebodies having images of federal prison dancing in their heads for myriad breaches of fiduciary duties?
Is Shortshanks having a grand mal fecal hemorrhage & a grabber right about now?
The IOC making noises about u.s. television rights (aka we're greedy bastards and we want more?)
Informational picketing by police & pissed off citizens for the IOC recon team?
Good Lord! I haven't laughed this much in years! It's a perfect storm!
Keep it up! Shortshanks is vulnerable!
Vile little man-ling!
THE WAY TO SEE THE ROACHES SCURRY IS TO OPEN THE CABINET AND LET THE LIGHT IN. THE SAME APPLIES HERE. TIME FOR NEW REPS, EXCEPT FOR SHIELDS. THE POSTER WHO SAID " CAL HAUSER.." MUST BE SMOKING DOPE. HE'S PART OF THE CLIQUE NOW, SUPPLEMENTING HIS PENSION SALARY WITH PENSION PROVIDED TRIPS AND OTHER PERKS. YOU MIGHT AS WELL CALL DALEY, HE'D PROBABLY ANSWER YOU BEFORE HAUSER.
Shields needs to realize that if he pushes too hard he's gonna lose. Rock the boat too hard and the fund won't get funded.
Hey SCC can you give this a little more visibility? You doing a great job so far but maybe explain to the many the don't know how the board works with the majority being Daley corrupt appointees. Also maybe call the others board mebers out that are supposed to be on our side. Who's the Lt's board member and what is his problem? And why doesn't the Sgt's member Lazarro fight harder? Big thanks to Mike Shields!
Hey media find out why the Daley appointed pension board members won't release the records of the money train to Tony Rezco and Daley's nephew? They have stolen the money this should be any easy one. Attend the next board meeting April 29th and ask the questions to the corrupt Daley board members. Go interview Mike Shields.
Finally the scumtimes has an article about vanecko and the criminal enterprise daley kid fake war hero patrick! lets hope the great Patrick (Fitzgerald) takes up this caes and puts away the daley crime family for a long time!
Mike shields for FOP PRESIDENT! Mike it would be an easy win dump the old slate and start "fresh", your style wildcat type! "Just do it"!
SHIELDS FOR MAYOR?
I LIKE THE SOUND OF IT.
AGAIN WHERE IS THE OUTRAGE WITH THE LT. REP AND THE SGT. REP ON THE PENSION BOARD....... EVERYONE OF YOU BOSSES SHOULD BE FUCKING CALLING THOSE JAGOFFS AND DEMANDING TO KNOW WHY THEY ARE ALLOWING OUR FUCKING MONEY TO BE ABUSED!!!!!!!!!!!!!
This will eventually uncover what some of our elected FOP officials are/were secretly doing with our pension! It has been Da Mare's private piggy bank for too long and some people have turned a blind eye to further their own personal agenda.
Anonymous said...
Anonymous said...
Anonymous said...
It has been brought to my attention that the Pension Fund has been paying the Disability Pension of our officers. If this is true, the pension fund has been bilking the Fund out of millions of dollars for years. The Illinois Statute (140 ILCS 5/5 173) Sec. 5-173 states that "The city shall contribute all amounts ordinarily contributed by it for annunity purposes for a disabled policeman receiving ordinary disability benefit as though he were in active discharge of his duties". Also have been told that the "Pensiosn Fund" officers know this but don't want to commit any waves with the City. Does anyone know if there is any truth to this? Mike Shields can you look into this also? Also understand that certain members of the Fire Department are going to file suit this summer regarding this. Why doesn't the FOP look into this? They also know about this but also don't want to cause any waves with the City. Hey it's our Pension Fund. I'm done. AMEN
Thanks Mike Shields, but Sgt. Mike Lazzaro was right there next to Shields fighting the same issue. Lazzaro was there fighting for us before Shields, and now we have a team fighting for our rights. What about the Lt's and the Retiree's reps????
Thanks Mike Shields, but Sgt. Mike Lazzaro was right there next to Shields fighting the same issue. Lazzaro was there fighting for us before Shields, and now we have a team fighting for our rights. What about the Lt's and the Retiree's reps????
Sgt Mike Lazzaro knows about this disability fraud, because, I know. He knows that the Pension fund is paying the salaries of the duty related disability officers and
not the city. So does "rug Head" Hauser. Nobody wants to cause any waves with the city. Folks, It's our pension money. Mike Shields, please look into this.
3/27/2009 03:11:00 AM
You know, I think you are misreading the pertinent section, which by the way is 40 ILCS 5/5 173, 140. You quoted it correctly, but what it requires is that the city make the all contributions for annuity purposes for the policeman as if he was still active. I am pretty sure that means that the city has to make pension contributions to the fund based on what the individual's salary would have been. That is to say the individual's share and the city's share. The city's share is twice the total contributed by sworn personnel each year. The individual gets his check from the fund, but the city pays the annuity contributions.
Thanks Mike Shields, but Sgt. Mike Lazzaro was right there next to Shields fighting the same issue. Lazzaro was there fighting for us before Shields, and now we have a team fighting for our rights. What about the Lt's and the Retiree's reps????
Lazzaro is just another flunky and a dumb one at that. He is in the city's pocket and is unwilling to stir up any controvesey. Don't count on him!!
the IG vs. daley's clan, pension board, northern trust company??? i personally can not see anything becoming of this situation. the IG can't investigate city aldercreatures?? mirrors, mirrors and more mirrors!
I will now rename Shields. He is pension board obama. Everything he touches turns to great media press! I'll at least give him credit, that is some balls.
They are trying to hide the embezzlement of pension funds and the sweetheart kickbacks and skimming of funds for personal use.Reminds me of what the Central States Pension Fund of the Teamsters was doing..When it was being run by Joey Lombardo and Allen Dorfman.Hey,FBI this should be easy work,or are you too scared to take on Mayor Shortshanks?
It's amazing how corrupt our own pension board is. Thanks to Shields for allowing this all to come to light. The Feds should help the IG in this. They should look into all board member's bank accounts, spending habits and outside activities.... that ought to give you a hint. If the pension board is so on the up and up why not hand over to the IG what they are looking for?
Didn't Daley do something to Miriam Santos because of our pension and to shut her up?
Lazzaro has a lot of explaining to do!! I think he is in way over his head & he knows it!!! That's why he is easily intimidated by the rest of those fucks on the board. The only one doing his job is Mike Shields, but how long will he be able to continue or be effective if no one else supports his efforts on the board?!?!?!
Post a Comment
<< Home