Report: Rizzo Set Up Secret $4.5M Retirement Fund

April 25, 2011 10:13 PM

LOS ANGELES (AP) — A former public official accused of orchestrating a scam that nearly bankrupt the Southern California city of Bell set up a secret retirement fund containing $4.5 million.

The Los Angeles Times reports Monday that ousted city manager Robert Rizzo set up two pension plans that allowed select city employees to receive more retirement benefits than allowed by the California pension system.

Grand jury transcripts reviewed by the Times found that one account benefited 40 employees, including City Council members, and another was set aside just for Rizzo and his former assistant, Angela Spaccia. The plans were designed to skirt retirement limits for state public employees.

Bell officials are looking into recouping some or all of the money to help reduce the city’s debt.

Report: Rizzo Set Up Secret $4.5M Retirement Fund

Michael KillaCam Keaton

Ladies and gentleman, Danny Devito as the Penguin
http://losangelesforme.com/2011/04/report-rizzo-set-up-secret-4-5m-retirement-funds/ Report: Rizzo Set Up Secret $4.5M Retirement Funds | Los Angeles for Me

[...] A former public official accused of orchestrating a scam that nearly bankrupt the Southern California city of Bell set up a secret retirement fund containing $4.5 million. More from: http://losangeles.cbslocal.com… [...]
Not newsworthy

Ur blog sucks stop advertising it
whodatis yo mama
Jessie Geronimo

Well they’re certainly not starving him in prison.
Really

What a pig.
http://ebankharmony.wordpress.com/2011/04/26/report-rizzo-set-up-secret-4-5m-retirement-funds/ Report: Rizzo Set Up Secret $4.5M Retirement Funds « E Bank Harmony

[...] manager Robert Rizzo set up two pension plans that allowed select city employees to receive moreretirement benefits than allowed by the California pension [...]
swhitS

This is why the stocks should still be legal.
Buddy Limbeck

What manner of beast is this fool? Looks like humpdy dumpdy to me.
meme

How ugly!
jon hebert

Democrat, Yes!
Timothy McGarry

This guy was a real tough guy when he pushed people around in Bell. All he needs now is a Hawaiian shirt and an apple stuck in his mouth.
Cognito

I knew this guy when he was the city manager of Hesperia and before he was fat. It is surprising how a person can become so evil and greedy on the inside while reflecting those negative and excessive traits on the outside.