Sunday, July 18, 2010
Pension Fraud in Santa Barbara, why is 2009 like 2001? Because the numbers are missing!
Pension Fraud in Santa Barbara, why is 2009 like 2001 (Because the numbers are missing!)
If you think Santa Barbara County Auditor Robert Geis is done miss leading the Santa Barbara residents you are sadly mistaken. I am off to work now but on Sunday I will show you that Mr. Geis has again some how been able to leave out a whole years performane in regards to the Santa Barbara County Pension Fund. An one again this has not only passed an audit but recieved awards for his fraud.There is hope however;
SANTA BARBARA COUNTY EMPLOYEES’ RETIREMENT SYSTEM
REQUEST FOR PROPOSAL
ACTUARIAL AUDIT SERVICES
A. Respondent warrants that it is willing and able to comply with State of California laws
with respect to foreign (non-state of California) corporations.
B. Respondent warrants that it is willing and able to obtain an errors and omissions
insurance policy providing a prudent amount of coverage for the willful or negligent
acts, or omissions of any officers, employees or agents thereof.
C. Respondent warrants that it will not delegate or subcontract its responsibilities under
an agreement without the prior written permission of SBCERS.
D. Respondent warrants that all
It seams some one in County Government has caught on and has requested Insurance protection.
Are you telling me that KMPG and the local Law Firm who have already signed off on Santa Barbara County Pension Audits in the past had no coverage as mentioned above.? Add to the fact they Inherited this Liability than why must Sheriff jobs and benefits be lost in our most recent budget?
More Pension Magic Manana