Live Breaking News & Updates on ஜநரல் ஆலோசனை மேட் ஜாகோப்ஸ்

Stay updated with breaking news from ஜநரல் ஆலோசனை மேட் ஜாகோப்ஸ். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

The CalPERS Executive Team Demands a New Loyalty Oath!

The CalPERS Executive Team Demands a New Loyalty Oath!
citywatchla.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywatchla.com Daily Mail and Mail on Sunday newspapers.

Glassell Park , United States , City Of Industry , Orange County , Tony Butka , Theresa Taylor , Gloria Najera , Jim Cooper , Margaret Brown , Los Angeles , Santa Clara , Matt Jacobs , Ben Meng , Maria Elena Durazo , Dan Walters , Mitch Mcconnell , Luis Obispo , Rosilicie Ochoa Bogh , Henry Jones , Michael Cohen , Handshake Club , Senate On , Assembly Or Senate , Sacramento Superior Court , Standing Committee On Labor , Board Of Administration Governance Policy ,

CalPERS Long Term Care Program Bleeds Policyholders Dry via 10X Higher Premiums, Gross Mismanagement, Bad Faith Dealing

Yves here. Please welcome Lawrence Grossman, who with his wife is a CalPERS long-term care policy holder. Grossman, a financial analyst, describes the extreme underfunding of this zombie program. The rate increases that CalPERS is putting through, a 900% increase over the rates charged at the outset, are wildly disproportionate to the level of any other significant long-term care program. In other words, even by the standards of an industry that is in deep financial trouble, CalPERS’ rate increases are such an outlier that it is hard to explain them solely as a result of the original underpricing. It is not unreasonable to suspect that mismanagement also contributed to this sorry outcome. ....

State Of California , United States , Matt Jacobs , Sandra Smoley , Lawrence Grossman , William Highberger , Long Term Care Insurance Program , Defiance Of The Court , California Legislature , Health Benefits Committee , Welfare Agency , Term Care Fund , Department Of Insurance , California State Department Of Insurance , Mutual Of Omaha , California Insurance Guarantee Association , California Health , Health Insurance Guarantee Association , Long Term Care Policy Train Wreck , General Counsel Matt Jacobs , Judge Highberger , Term Care , Certified Financial Planner , Accredited Investment Fiduciary , Registered Investment Adviser , Guarantee Associations ,

CalPERS Employee Accused of Embezzling $685,000 from Beneficiary Bank and CalPERS Accounts Hasn't Been Arrested, Much the Less Prosecuted. Why the Cover Up?

As storied short seller David Einhorn would say, “No matter how bad you think it is, it’s worse.” The lawyers and banking experts I’ve contacted thus far have never heard of a case like the latest from CalPERS, which is saying a lot.
As you can see from the embedded filing below, CalPERS is suing Gloria Najera, a former employee it says embezzled $685,000 from beneficiaries, including, Wells Fargo style,
from a beneficiary’s bank accounts.
The civil claim is sketchy on the timetable, but Najera was a clerical worker responsible for updating beneficiary addresses and bank direct deposit information. That apparently also gave her access to at least the last four digits in their Social Security numbers. Najera used this information to pilfer directly from the bank account of one beneficiary to the tune of nearly $69,000. For nine others, she diverted funds from dormant CalPERS accounts (where CalPERS had reason to think the beneficiary was still alive but had ....

United States , Sacramento County , David Einhorn , Gloria Najera , Ben Meng , Margaret Brown , Charles Asubonten , Brad Pacheco , Matt Jabobs , Matt Jacobs , Department Justice , Wells Fargo , Social Security , Chief Investment Officer , California Highway Patrol , California Attorney , Lawrence Wold , Chief Compliance Officer , Accounting Controller , General Counsel Matt Jacobs , Attorney General , Marcie Frost , Sacramento Bee , Recover Stolen Assets , ஒன்றுபட்டது மாநிலங்களில் , சாக்ரமென்டோ கவுண்டி ,