Pension Rip-Off Averted
Two weeks after former state Sen. William Marovitz settled federal insider-trading allegations last summer over his sale of Playboy stock, he gave up his work as an outside lawyer for two Chicago city pension funds — and applied for a city pension even though he wasn’t a city employee.
Marovitz — a lawyer and longtime Democratic Party leader in Illinois who is separated from his wife, former Playboy chief executive officer Christie Hefner — already gets a government pension of $102,480 a year for the 20 years he served as a state legislator and member of the Illinois Pollution Control Board.
He was seeking a second government pension — which would have paid an estimated $50,000 a year — for the 27 years he did legal work for two City Hall pension funds.
One problem: He was never a city employee, just a lawyer in private practice whose clients included two city pension funds.
Labels: pension
posted by SCC at 12:01 AM
35 Comments:
Key words...."Democratic party". Need I say more?0
Hey the guy made an effort. As crazy as it is for this guy to ask for a pension he had a point when he asked why did vaneckos dad get a pension?
Vaneckos dad was a Dr clearing 300,000 a year. Marovitz has to be worth several milion. Unfortunately its this sense of entitlement that everone has in this country, from the poor all the way to the rich, thats going to destroy us as a nation.
Chutzpah?
Hubris?
Balls like a brass-ass monkey?
Can we just erect the scaffold already?
This foolishness is way beyond being corrected with public flogging on Channel 9...
How many of these rotten muthafuckahs did Crime King Shorty bless into the public employee pension pot?
Is this why every swinging dick politician is trying to union & pension bust to cover up their tracks on this bullshit?
Is this why shortshanks ran away? He knew the jig was up?
Is this why 9.5 keeps the pressure on Spring-Patch to re-write the rules under cover of darkness?
Is this why Rahm is all out with his propaganda campaign against The police and all their concerns?
Sounds like a Madigan move to me
Shouldn't he be getting prosecutted for trying to commit a fraud?
So what's the charges filed? Attempted theft by deception?
Who gives a fuck unless they start throwing these thieving cocksuckers in prison?
Another VANECKO was able to jump on the pension system. Go figure. That family of thieves just won't go away.
Crooks from the da machine.
Hang the bastard !
Two classic cases of the connected gaming the system.
But according to Rahm and Cross and Cullerrton us lowly, run of the mill city workers pensions are the problem.
They preach that we must have reform(ie. reduction) and we must have it now.
How come nobody ever talks about going after the politicians and their intentional and deliberate underfunding of our pension funds? Why do they get a free pass on this?
It's political malfeasance pure and simple. But according to these asshole politicians us little guys must be the ones to suffer.
Billie Marovitz is also 25% partner of Carnivale restaurant, as well as a few other nice restaurants in south loop.
Who was the one that finally had the stones to say no?
oy fucking ve
That POS Marovitz missed going to the penitentiary about twenty-five years ago after getting caught stealing. Great that he was stopped dead in his tracks this time. There'e a zillion of these double, and triple dippers out there who fly under the radar. The 41st ward has a shitload that the softball Irish coppers and firemen keep electing. But as long as their Irish it's all OTAY! Enjoy your reduced pension benefits! As for me thank God I married rich!
Anonymous said...
" ... How come nobody ever talks about going after the politicians and their intentional and deliberate underfunding of our pension funds? Why do they get a free pass on this?
It's political malfeasance pure and simple. But according to these asshole politicians us little guys must be the ones to suffer."
1/17/2012 03:06:00 AM
I believe it's because they have given themselves total indemnity from prosecution, no?
They CANNOT, by law, be prosecuted for ANYTHING they did or votes they made, while acting as a legislator (barring actual crimes).
Decisions made by the legislature, such as the appropriation of funds, for the "good of the people" that they represent, is NOT considered criminal in terms of actually committing a "crime". While this certainly seems criminal to us, no court in the land will EVER see the DOJ bring up a legislature on criminal charges.
Don't count on citizen outrage against the politicians, either. If it doesn't mean THEY will get some of the money, the last thing they want is for US to get the money and THEM to have to pay for it, whether it's 'right' or not!
This is why the politicians have NEVER feared shorting our pension funds... they knew they NEVER COULD OR WOULD be held accountable, because they were doing what was "best" for the majority, and not the "special interests" (aka the public employees).
I'll guarantee you that THEY'RE pension is FULLY FUNDED though. You can take that to the bank... well, YOU can't, but THEY SURE CAN!
~
And they say we the police and fire fighters are greedy bastards that should suffer everyone else.
Don't that just take the cake?
Just how much money is enough for these rich political hack bastards? Jesus! Most of us are just getting by with our pension checks and probably still working part time jobs just to get by. This wealthy connected fuck Marovitz has been feeding at the public well for years and still wants more. No wonder our pension funds are almost bankrupt. Politicians have been using our funds as a reward and piggy bank for years while failing to put in the governments fair share of contributions. Where the fuck is Anita "Daley Ass Licker" Alverez and the US Attorney? Their silence is DEAFENING!!!
the dems like to play class warfare so....put a cap on wealthy people getting a government pension. if you re worth more than 750k...no soup for you!
I will never get a pension, but what is amazing to me is this, the last names are always the same. Always, six figure appointed positions, no show board jobs, then inflated pensions. And yet, a woman with a LINK card gets more crap than this guy. Amazing.
Ahhh how about Fraud. It's a crime I think. Deceptive practice perhaps. Where' s are crime fighting States Attorney.
Did he ever pay a dime (9% of his income) according to any set schedule and was that matched by 18% by the City according to that same schedule?
If not then that IS attempted fraud. He is a lawyer, he should know better and held to a HIGHER standard.
If not criminal charges, then a complaint with the Illinois Attorney Registration & Disciplinary Commission should be filed to seek removal of his law license.
Anonymous said...
Shouldn't he be getting prosecutted for trying to commit a fraud?
1/17/2012 01:05:00 AM
Anonymous said...
So what's the charges filed? Attempted theft by deception?
$$$$$$$$$
Same charge with Blago. Attempt prickishness
Shouldn't he be getting prosecutted for trying to commit a fraud?
Agreed. Didnt they just prosecute Blago for trying to sell the senate seat?
Everyone and everything in this rotten city, county and state has a double standard. The crooks are making the laws, thats why nothing will ever change.
Easy credit rip offs...good times..ain't we lucky we got them
Laborers Local 1001 officials and pension board members Will Irving and Nicole Hayes said NO!
Neely couldn't pudh this thru with the unions watching and bringing heat.
07:44 your right, all those Irish coppers and firemen from the 41st ward voted for that Irishman Marovitz
Uh, you guys voted for these bad pols you are always railing against here. The pension money you complain of was sent to the Link Card folks. You didn't say a word and kept voting for the same crew. Sorry but sympathy only goes so far.
Harold Washington told him it was OK, wink wink!
07:44 your right, all those Irish coppers and firemen from the 41st ward voted for that Irishman Marovitz
1/17/2012 02:59:00 PM
Hey McSofty,
You missed the point. While they did not vote for Marovitz they voted for other potato head double dippers like the newly elected state represenative whose very first vote in office was to raise your state income tax. Or the potato head saloon owner whose aldermanic campaign recieved partial funding from Rahm Emmanuel. Don't take my word for it. If you can drag yourself from beneath your bar stool at the Emerald Isle you might take a few minutes on Google, or the newspaper archives of either Chicago newspapers. So go do what you do best and kiss their pale white asses and maybe you'll find yourself on the next list of merit promtee's in about thirty years.
This reminds me of a guy who was a civilian ,physical fitness coordinator at the academy, he was a cocky southsider from the 19th ward, Frank Strochia, well he was allowed to pay into the police pension plan and retired wti ha commanders pension, after it was revealed his pension was canceled and he was put inot the proper pension plan, Richie Daley screwed us real real bad with all his buddies in different pension plans, his family reaped alot of money by being hired by companies doing business with the city, the Feds should do a hisotry tree of his family and his friends and see how big of a scandle it could cause.
Just a typicl piece of shit with his hand out...... what countryies are those that cut hands off?
It's time that City Pension are audited. Let's fine out exactly who's been walking out the door with money not deserving of their work history. How many infamous Chicago Ghost workers are pulling down a pension?
>>>Anonymous said...
Did he ever pay a dime (9% of his income) according to any set schedule and was that matched by 18% by the City according to that same schedule?
If not then that IS attempted fraud. He is a lawyer, he should know better and held to a HIGHER standard.
If not criminal charges, then a complaint with the Illinois Attorney Registration & Disciplinary Commission should be filed to seek removal of his law license.
1/17/2012 01:11:00 PM<<<
So he got caught...
No harm>>> No foul???
Is somebody who knows enough facts and can document them going to file a complaint with the Illinois AD&RC? If this were a copper you know what would be happening.
I used to play raquetball with Marovitz. He wasn't very good and he cheated. Hey, what more can you expect from a privileged democrat pol.
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