The Noose Tightens
We aren't sure who should get the credit, but this is a good thing:
City pension officials have been hit with subpoenas from a federal grand jury trying to determine how they decided to invest $68 million with a start-up company co-owned by Mayor Daley’s nephew.
The grand jury issued the subpoenas Wednesday, nearly two months after city pension officials refused to comply with similar subpoenas issued by the city of Chicago’s inspector general, David Hoffman.
We'd like to see at least a few people head to jail over this. We'd also like to see a few of the elected Pension Board members who seem to have forgotten whom they are supposed to be representing have a sudden flash of introspection. They are likely going to be answering questions in front of a Federal Grand Jury shortly. And they are facing the voters soon.
Labels: pension
posted by SCC at 12:05 AM
107 Comments:
Hope that you saved money elsewhere and not counting on the pension it looks like our pension has about another 3 years. Then you are on your own
There comes a time in every mans life when he has to ask him self "Should I get on the bus first or wait and see if someone will eventually throw me under it?"
Retired in 08 Guy says: We need to be constantly vigilant regarding the pension. The City Political Royals (CPR'S) feel that this Pot O Gold Pension Fund is actually there money. The Pension Slugs who thwarted efforts to bring this matter to light should be voted out at the first opportunity.
"We aren't sure who should get the credit."
--------------------------------
I would say give credit to Mike Shields is one person. If there's anybody out there that's wearing a wire while these assholes were screwing us, you get credit too.
Doesn't matter if it was Hoffman of Shields who is responsible for this. At least this will get their attention now.
Does anyone find it kind of odd that everyone around Daley seems to go to jail except for him? Maybe he's giving everyone up to keep himself out of trouble like Whitey Bolger in Boston the inspiration for the Jack Nicholson character in the movie the Departed.
as a retiree and an advocate of legit government ( ha ha I know I live in Cook County) I can wait to hear more about this.
Thumbs Up!
This should be good. Once they start looking at the pension money you never know where it could lead. I predict it will be bigger than the Hired Truck Scandal.
Feds investigate city pension investments in firm tied to Daley nephew
--Thanks Hoffman for not quitting!
At least one alderman said he’s certain federal investigators heard his voice on Carothers’ secret tapes.
“All I did say is he’s a suck ass for Daley. I did ask him why all he did was bitch and whine about the guy and then carry his water. Try voting ‘No’ once in a while,” the alderman said. “I bet the guys at 219 Dearborn got a kick out of my comments.”
--HAAA HAAA HAAA
Mike Shields, keep making waves up there. It's gonna be nice to see this one play out.
but, but the mayor said it would be no problem.......and then the voters woke up.
hold their feet to the fire, make them tell tales and name names.
Please, oh Please let this be traceable back to the little scumbag known as shortshanks....
Hopefully, someone is sweating now and our nightmare will be over soon. Back each other up and be safe out there.
For the first time in my 27 years at CPD, I like the feds. Thanks; just keep going until you get to the top of this pile of corruption that we have endured AKA shortshanks.
FUCK'EM ALL!
The feds should have been tapping every one of their phones PRIOR to any wind of a GJ, just to hear who calls them up to give them directions on how to sing correctly.
And their lawyers business phones should have been tapped as well to catch the Daley chimps calling them with Daley's instructions.
I heard secondhand that the same thing is happening in New York with the trustees of NYPD's pension board.Is this a trend?Greedy politicians have been underfunding and stealing from local,county and state pension funds for decades.Now that their broke,they want to balance the books on the backs of the workers they stole from.Not to mention the taxpayers.DOJ and the U.S.Attorneys across this nation need to expose,arrest and convict ALL of these crooks from city hall,the county board and Springfield.This state is a good place to start!
I wonder if any of the "trustees" have retained a lawyer yet? I use the term "trustee" very loosely here.
About time. It almost seems as if they don't want to be bothered with it until it gets enough press. Where's the initiative? Oh, wait. Daley's involved. You don't want to go there as a Fed. He's connected all the way to Washington.
I guess he can steal all he wants and you just get a couple of fall guys around him to show that you're doing something.
Enough attention was brought to the pension fund and something finally happened. This attention should've been brought to light years ago.
Really ignorant question :
but, I know nothing about pension funding and it's operation, so I ask...
Does any of the fund go towards legal expenses of the "alleged"
trustees? (Vanecko et al).
If so how do we voice our protest to the matter? If not, sorry to waste your time. Also,
I've always been told growing up that knowledge was power. It's truer now than ever.
I'd love to learn about the board and how it was proposed to function at it's inception.
Then I'd love to participate in the total transparency of the board and their actions becoming a mandate by law.
How has it been changed and for the benefit of whom?
Hope that you saved money elsewhere and not counting on the pension it looks like our pension has about another 3 years. Then you are on your own
5/30/2009 12:07:00 AM
Until they have another CON CON vote in 20 years or some Federal Judge lets the city off the hook, the city will have to cough up the money.
Am I correct in my recollection that it was Ken Hauser who originally introduced the motion to divert pension money to DV Urban Realty Partners ?
Gee, looks like Ken Hauser may become a prison bitch and spend some of his Golden Years in prison getting Golden Showers from the boys. Pucker up Kenny, your fate awaits you !
Can Ken Hauser run for re-election from his cell block in the federal pen?
we all know who gave the nod for this to happen..... but the king of thieves keeps dodging the bullet in a gotti type fashion. at the end of the day daley is the head of a criminal enterprise who has been coordinating the theft and misappropriation of public funds for decades. now he has obama in his pocket so don't expect anything to change anytime soon.
I must give a salute to Shields for sticking with this and not letting the City hacks get to him. For decade they've gotten the elected trustees to sell out. Good for you.
SCC,
Don't forget that the little weasel Executive Director John Gallagher of the Pension Fund needs to go. They need to send his head to the Chopping Block for this one. Another Daley insider that's untouchable.
doesnt this actually go back to santos telling shortshanks ''no''when he wanted to raid city funds. funny...she was thrown under the bus. all pension money should ve been in a separate untouchable area. the problem is GREED...and people thinking the money train will keep rollin forever
For years scum bag Daley has under funded all the pension funds but the elected officals fund.
With the economy in dire problems he can sit back and blame the city workers for higher taxes because by state constitution he must fund those pensions. Our pension director GALLAGHER has decided on his own not to press DALEY for the city's share every year. He also dose not press the city to pay for the disabled officers as required by contract and law instead he is so generous our pension will pay their share.
It is no secret DALEY wants to get rid of all of the city's pensions,
For years the workers have taken less pay inexchange for a pension when they retire, Thanks to X-Convict Rostenkowski you as a city employee will not get anything you put into social security even if you paid quarters already.
The pension is all we have left thanks to the theiving politicans, they keep appointing middle management people all throughout the city's departments at such high pay they can't afford to pay their share into the pensions and say we can pay next year! well next year is here so pay up MAYOR!
What happened to all that TIF money you took off the tax roll and nobody ever sees or hears about? BILLIONS GONE WHERE?
I hate to say this, but when it's all said and done, I fear little will change.
Unfortunately, the pension trustees were all legally voted into their positions, which is to invest and protect our pension money. If they voted to invest the money with Daley's nephew, and our pension soared by millions of dollars, this investigation wouldn't be happening.
The only criminal charges that could stem from this, is if there is/was a conspiracy to defraud the fund in order to enrich individual trustees, or to improperly or illegally enrich DV Urban Realty Partners. I wouldn't count on Shortshanks being implicated in this one at all, and sadly, the rest of it will probably all be chalked up to poor judgement, a collapsing economy and an ill-advised investment on the part of our trustees... but nothing criminal.
Did the mayor want his nephew to become enormously rich? Absolutely.
Did the mayor orchestrate the vote from the pension trustees? Ya think?
Did the mayor want the pension fund to lose money? No but so what?
Did the mayor leave behind his fingerprints or any other evidence that HE broke the law? Nope, not likely.
So, there you have it. The Daley Crime Family gets richer, and we all suffer for it. Welcome to Chicago, The SWINDLEY City ! ! !
Way to go TEAM SHIELDS! Mike and Danny Shields are doing a great job fighting Daley.
I hope some of the pension board goes to prison over this. Daley appointees giving Daleys family special contracts. How nice the whole Daley clan can burn in hell. The whole city will be better off when the take mumbles out of office like they did the old man turning cold with rigor setting in.
I bet Daley says he doesnt even know his nephew and cant remember ever meeting him.
Trustee being an elected official's title and not representative of that official's performance while holding office. CPD will have to hold an informal lottery to select the good old street cops who will be charged with serving the arrest warrants on Shortshanks and his Aldermen. For my part, I'll be satisfied to read about how the mayor resisted arrest and forced the officers to use their tazers.
I really wonder how city government can become so corrupt.
I hope they are made to "correct" the fund. maybe the Midway money and some tarp funds will correct a fund that was used like lottery winnings by our politicians and their scum family. I wonder if I used my powers, i use that loosely, to have my nephew rob banks if I would be acountable?
Nothing will happen!
Hoffman was a federal prosecutor before this gig, did they they they were going to blow him off. Arrogant dumb fuks.
We have to stress to the public that every penny in the pension fund is our money!! Either by direct contribution from our paycheck or owed by the city as part of their obligation to us as employees. This is the same as Social Security where the employee makes his contribution and the employer makes their contribution as they are obligated to do by law.
The money is in no way any politicians money nor is it public funds for the poloticians to use and they shouldn't even have a say in the fund at all.
Politicians nationwide view our pension funds the same way the Teamsters did years ago. As a steady flow of cash available to them whenever they want it and to do whatever they please with it. YOU/WE are nothing more than a money source for them.
Well if the nephew and son are going down, then the scumbags on the pension board are going down too!
Remember boys, the feds have a 97% conviction rate in such cases. The guys who don't cooperate get the most time. Just ask Eural Black (40 years) from 007. He got way more time than Flagg and Jones....combined!!!!
Sing bitches! Sing!
At last some good news. I wish they would of started investigating the pension money sooner so the pension fund wasn't to far gone from saving!!
The New York situation is about sweetheart deals between the financial advisors and the pension fund people.
I wonder how the trustees will explain the free trips from the advisors? I know, it was all business.
who gives better head to the mayor sgt keating or sam rotie both havent done police work in 25 years both are from the 11th ward and both will get over 85,000 gran when they both leave the dept from the real police oo9th dist
all city employees should vote at their next pension election . protect your pension from daley and his gangsters.stand up now or be left with nothing.chicago workers WAKE UP!!!!!!!!!
officers with less than 10years
will end up in a 401k
good luck
Nothing will come of this! Smoke and mirrors! It is just being done to make us feel good and think they are "really going to get to the bottom of this!" Just like Madigan "investigating" the parking meter scam!
"No, we will not be looking at city officials in regard to this investigation!" Per Lisa's spokesperson! Another waste of time! We are all doomed, surrounded by incompetency because we keep voting for these losers!
This too, will run off Daley “like water off a ducks back.” This corrupt little pimp has been probed more times than a drunken Hillbilly abducted by Aliens and he always manages to skate on any allegations against him. As much as we may dislike this guy, we’ve got to give credit where credit is due, and Daley has definitely mastered the art of insulating himself against prosecution by shrouding himself in an impenetrable gauntlet of fall guys.
I've gotta give credit where it's due. Thank you Mr. Hoffman. Maybe you will be the one to bring down the Mayor and the whole ugly house of "machine" cards!
MIKE SHIELDS! Thank you Thank you Thank you.
if you got over 10 years by 2013 you are good.
if not no pension
Don't forget, it will be our money the pension trustees use to pay for their defense.
Maybe JFED made a call to Grant and Fitzgerald to get these thieves who are stealing and wasting our own pension money. Maybe JFED is doing this to boast morale. Anyone think off that?
All I can say is MIKE SHIELD RUN FOR FOP PRESIDENT IT IS YOURS! The only thing when you win have a brand new slate and dump all the old put in progressive people with balls like yourself! Thanks Mike for all have done and will do! GOD bless you!
These are stupid questions, but who is authorized to invest that much of our pension? How are they elected? What did they get out of this deal? I don't think any copper would agree to give our money to a daley to invest for us. I hope the feds crack this one wide open.
I can tell you who should NOT get the credit and that is FLOP Prez Donahue's BFF Steve Robbins. That dummy voted to give Vanecko our money.
All I know is that since Mike Shields exploded onto the scene, pension fund issues have gotten attention like never before. Time for some heads to roll.
When it gets a little deeper around I think we should just throw Shortshanks out in the streets and let the folks he's screwed over all these years have there way with him.... I know, I know, I’m going to consoling for this... bartender round for everyone!
"I wonder if any of the "trustees" have retained a lawyer yet? I use the term "trustee" very loosely here."
5/30/2009 07:56:00 AM
Already taken care of. Lockjaw's young and virile personal secretary will be graduating from law school VERY soon. The hijacking of our pension fund to pay for her education shows great foreskin foresight on his part.
Anonymous said...
who gives better head to the mayor sgt keating or sam rotie both havent done police work in 25 years both are from the 11th ward and both will get over 85,000 gran when they both leave the dept from the real police oo9th dist
5/30/2009 12:12:00 PM
KEATING MAKES 170k FAT SAM 155K 75% OF THAT IS? KETAING 130k PENSION FAT SAM ABOUT 120k!
Hey,
From what I saw in the papers the Firefighters Pension Fund was the only fund that did not get taken by these Clowns. I thought they were supposed to be the dumb guys.
Hummmmm.
WHY IS IKE STILL ALLOWED TO GO TO WORK?!?!?!? WHEN WE ARE ACCUSED WE GET STRIPPED IMMEDIATELY!!! HE SHOULD BE NO DIFERENT!!! HE'S A CROOK!!!!
Obamanomics, when inflation hits 200%, look for an Argentinian solution-nationalize all pension funds and 401k's and the government will tell you what your benefit is.
Mike Shields...hats off to you!!! Now...a word of caution...you know these politicians are gonna be gunnin for you...look at what happened to Santos...ruined her life! These hacks are going to try to ruin you...but keep up the GOOD fight...don't let any snake sway you...or someone who you think is a friend offer you something that you know is not proper...you are a rising star...you have had our attention for awhile now...you have our support...don't be swayed, a lot of good decent cops are counting on you. These greedy bastards have already dug their graves...nobody made them do it. You need to run for the FOP Presidential position...you will get it. Surround yourself with a good slate of honest hard working cops and bring this Department back together. You are young, take a good look around..a lot of really qualified people can fight the GOOD fight with you. In a sea of madness...with all these political bastards raping us, the leadership of this department in the WORST shape I have ever seen it in, our rights as Police Officers and Citizens being trampled upon, your time is at hand...just do it with Grace, Honesty and Integrity...things you possess and have shown us so far. Told you before...you need a bodyguard...I'm your man, I'll be in touch...stay SAFE!!! Let Honestly rule your Heart...you will never go wrong...fuck these Bastards.
Facing the voters soon? What?!?! How do you define soon, SCC? We just elected Shields last Fall. Same with LaZZaro, Maloney and Hauser. Shields is obviously the only straight (meaning honest) one, but we won't have a chance to throw the 3 other bums out for several years.
Anonymous said...
I heard secondhand that the same thing is happening in New York with the trustees of NYPD's pension board.Is this a trend?Greedy politicians have been underfunding and stealing from local,county and state pension funds for decades.Now that their broke,they want to balance the books on the backs of the workers they stole from.Not to mention the taxpayers.DOJ and the U.S.Attorneys across this nation need to expose,arrest and convict ALL of these crooks from city hall,the county board and Springfield.This state is a good place to start!
5/30/2009 07:17:00 AM
Just start reading the NY Times and you will see that things aren't too different there. BTW, Trustee (and City Treasurer) Stephanie Neely's biggest campaign contributors do business with the Pension Funds she is on. Fucking unbelievable. Same for Daley. Our pension fund is a pay to play for Chicago politicos. Get em, Shields!
Anonymous said...
At last some good news. I wish they would of started investigating the pension money sooner so the pension fund wasn't to far gone from saving!!
5/30/2009 12:06:00 PM
A Federal judge can order the city & DV Urban Realty Partners to return money to the fund if illegally obtained and/or to fully fund the pension as per law.
I don't know mike shields, but he has made the fop newsletter a very interesting read. His articles hit the nail on the head. It's no wonder the fop has him hidden on the last page of the newsletter.
I'm so sick of newsletters that talk about fishing or golf outings without any substance. FOP should make their own waves or at least show their support for Shields.
Don't forget that the little weasel Executive Director John Gallagher of the Pension Fund needs to go. They need to send his head to the Chopping Block for this one. Another Daley insider that's untouchable.
5/30/2009 09:05:00 AM
Absolutely right on this one. gallagher should be voted out by the Mayor.
Maybe the young rank and file will start to get involved like us old timers.
Message to all youngsters: Show some initiative like Shields and this department wont be so bad. Stand together
KROOKIED Kruegler needs to be supoenaed. The fucking crooked lawyer charges an arm and a leg to fight officers who are trying to get disability. The feds should contact the female disabled cop who challenged them arrogant assholes. I bet she could tell them a few things about our pension fund.
Hope that you saved money elsewhere and not counting on the pension it looks like our pension has about another 3 years. Then you are on your own
GO lie someplace else
officers with less than 10years
will end up in a 401k
good luck
NOT TRUE
I'm betting more people in city hall are "wired". This is just the beginning.
Geez, ITS BEEN A BAD COUPLE OF WEEKS FOR THAT TOUPEE WEARING PIECE OF SHIT "KEN HAUSER" 1ST HE GETS CAUGHT AT WRIGLEY FIELD PARKING HIS FANCY CAR OUT FRONT WITH ALL THE POLITICAL HACKS BY GOOD OLD PAM ZEKMAN.NOW THIS PHONY SHOULD HAVE NEVER BEEN A COP IS GONNA GO UP THE RIVER W/ ALL THE OTHER THIEVES AT OUR CPD PENSION FUND EXCEPT MIKEY SHIELDS. F..K DALEY @ HIS ROTTEN THIEVING NEPHEW VANECKO. PAT FITZGERALD KEEP IT COMING!!
Hope that you saved money elsewhere and not counting on the pension it looks like our pension has about another 3 years. Then you are on your own
-------------------------------
The sky is falling!I hope this idiot is not on the job.
Maybe JFED made a call to Grant and Fitzgerald to get these thieves who are stealing and wasting our own pension money. Maybe JFED is doing this to boast morale. Anyone think off that?
--Please... it clearly states Hoffman made the call.
"Does anyone find it kind of odd that everyone around Daley seems to go to jail except for him? Maybe he's giving everyone up to keep himself out of trouble..."
--5/30/2009 12:45:00 AM
Yeah...I don't know what to say except that I've only heard this mentioned about 20,000 times. Even someone with "moderate cognitive delay" could figure it out by now.
The emperor has no clothes.
Daley being hauled out of his office in handcuffs -- priceless. Will I see it in my lifetime?
Life is worth livin' -- I gotta hang around to see this.
I enjoyed the part in the Sun-Times story about how the original Dominick's store on the property "was destroyed in a spectacular fire" right around the time Dominick's was cutting back, closing stores, etc.
I'm surprised obama hasn't pulled Patrick Fitzgerald out of here yet. I thought that would be one of the first things he had done. I truly love Fitzgerald and his staff. Never thought I'd say that about the feds, but damn if they aren't making me smile on a regular basis. He gets Daley, and I'll be one of the many in lock up for dancing naked in the streets!!!
TRUSTEES! ISNT THAT AN OXYMORON? TRUSTED TO WATCH OVER OUR PENSION? THIEVEES MAKES MORE SENSE! MIKE SHIELDS HAS CAUSED ENOUGH CHAOS TO GIVE THEM ALL HEART ATTACKS! KEEP IT UP MIKE UNTIL THEY ARE ALL IN INTENSIVE CARE!
Who the hell is it that is so sexually excited by Mike Shields that he keeps trying to hump his leg all over this blog ? ? ? ? ? ? ?
Geeeeeez ! Give it a rest, already !
Miriam Santos for Mayor!!!!!!!!!
@ 5/30/09 0939,
Thanks for the laugh! I haven't laughed that hard in a long time.
I pray this pension scandal is Daley's Waterloo.
G-d willing they over reached fucking with your peoples pension money.
Buck Naked
-not a cop
Message to all youngsters: Show some initiative like Shields and this department wont be so bad. Stand together
5/30/2009 07:31:00 PM
isn't shields a youngster himself? and if you ask me there are a lot more young officers involved than the careless older officers
kind of OT_____
How come nobody's looking into the millions lost when CPD purchased a helicopter from NYPD using an overseas broker????
MILLIONS and the heli is to heavy to hover in place.
The sky is falling!I hope this idiot is not on the job.
5/30/2009 09:11:00 PM
oh he is...and there are many more just like him...
"Same with LaZZaro, Maloney and Hauser".
MaPhoney talk about being in bed w/the City & Management. Incestous @ Best. WATCH HIM CLOSELY!!
FIREMAN ARE NOT DUMB JUST A LITTLE SLOW,86 DAYS A YEAR BITCHES!
FOP should make their own waves or at least show their support for Shields.
Sorry but you dont get cushy county jobs like Nolan and Donahue waiting for you by telling the truth and fighting for the men and women of CPD.
I hope they tie Mark Donahue into all this scandel crap as well.
u.s attorney call frank coconate he can lead you in the right direction. he is waiting to hear from you he knows the players and thier stories. to the rest of us anything you might know turn it in to the G . dont worry about being a snitch its our pensions this greasy lookin swine daley is stealing yes mayor daley you look like you need a bath
Anonymous said...
kind of OT_____
How come nobody's looking into the millions lost when CPD purchased a helicopter from NYPD using an overseas broker????
MILLIONS and the heli is to heavy to hover in place.
5/31/2009 04:17:00 AM
Another "daley crimianl connection", buying this piece of total scrap junk! This thing does not even run, it is down for repairs more than it flies, even better many parts are hard to find!
I talked to a CFD trustee about why they didn't cough up any funds, this was about a month after it hit the papers. He said that along with all the grief they would catch for giving those two clowns money, it was a crap proposal,so it was easy to say no. I hope that is what he will tell the Feds. I found it interesting that the Feds would look into why CFD didn't invest, one can only hope.
"....Who is it that's so sexually excited by Mike Shields that he tries to hump his leg all over this blog...."
GUILTY!!!!
Now, kees me you fool!!!!
Too many people said "Miriam Santos for mayor" and that's exactly why Daley got rid of her. Everybody loved her. Well, almost everybody.
Shortshanks is to Chicago what Whitey Bolger was to Boston; the greatest informant the Feds ever had.
check how gallagher got his job without the board doing a search for the most qualified person. you think it may have been a set up. the executive director was and should be a PO.
if they are doing wrong tell it.we must win this battle with dog daley .we have no other choice.
Will someone correct me if i'm wrong but:Per the ethics rlue's it is illegal for a relative of a City employee(Da Mayor)to except money or monies of any kind above fifty dollars.Duuhh Mr. Mayor u have some "xplainin" to do.
O.T.
One of our own, Det. Sgt. Don Herrion ret. will be on WIND (560 on the am dial) and roll out his latest book "Pay, Quit, or Die".
He will be on the Pinker show monday night midnight to four A.M. (tuesday morning)
He worked with worst of the worst of mobsters and other gambling scumb for most of his tour. This is a show not to be missed!
WIND is a pro police station that has a few retired cops working for the station.
The host of the show will tell it like it is and he is pretty sharp. Try not to miss this show!
Mike I asked you in person about a run as the F.O.P. pres. and you said "I DON'T KNOW".Well,what about it now?.I still think you are a very good choice for the job.To the readers of this blog I pose the question to you: Would M. Sheilds be a good candidate for F.O.P. president?????
When the time comes to take shortshanks into custody the Feds should hold a raffle with each ticket costing $1.00,just imagine how many coppers would buy tickets,thousands upon thousands of tickets,hell you would have a hard time keeping pace with sells.They would sellout as fast as the ink drying if not faster,you would have to rent a warehouse to store the money.
In our annual ethic's statement it is illegal to except "GIFT" over $50.00 or and our famliy members are banned from certain City business,however am I to undersdtand that it does not apply to the Mayor and his crooked family?????
I nominate "BUCK NAKED" for Mayor,would bring a whole new meaning to the term "NEW MUSCLE" in the Mayor's seat. LMAO
I do want to know if the trustees that are elected , along with the pol Gallagher, have a fiduciary responsibility to run the pension legit? This is where "they" may have problems.
Anonymous said...
Mike I asked you in person about a run as the F.O.P. pres. and you said "I DON'T KNOW".Well,what about it now?.I still think you are a very good choice for the job.To the readers of this blog I pose the question to you: Would M. Sheilds be a good candidate for F.O.P. president?????
5/31/2009 07:55:00 PM
YES! Run Mike Run! It is your!
I can tell you who should go to jail ...
Daley.
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