City Housing Agency "Misplaced" $70 Million
The Los Angeles Housing Authority, which has an annual budget of $810 million, allegedly "misplaced" $70 million of YOUR hard-earned tax money, that was earmarked for the poor, according to a lawsuit the City filed today. Those particular funds were supposed relocated later -- probably when someone noticed how the money had been transferred out of the accounts in which it belonged. Other allegations include executives giving your money to cronies for "consulting" services.
Oh, and all of this was pointed out back in 1997, but no one at the City bothered to take action, so the statute of limitations expired on God only knows how much waste, fraud and embezzlement.
But what the heck, let's hand these same geniuses another $1 billion of our money to help the homeless through Measure H, right? I mean, if they're going to steal millions, we're going to have to give them a billion if we expect results, aren't we?
Read this article: http://www.latimes.com/news/local/la-me-authority2nov02,0,2692861.story
The picture? It's a leech.
Posted by Walter Moore @ 11/02/2006 05:59:00 PM
10 Comments:
Wow! HUGE...
Laura Chick,
Hoooody Hooooooooooo!
(That's the Batsignal, y'all!)
Your Pal,
Big ZD
Who was Mayor in 1997?
Who was in charge of City Housing Agency in 1997?
What consulting companies were involved?
Are they involved with current propostions?
Any corrupt developers from 97' donate to current politicians?
Asking for same favor?
Do you know any of these answers?
I don't
Cronyism! Corruption! Fraud! Theft! Lies! Cheating! Favors! Powermongering!
What else do you expect from City Hall?
Mayor Sam,
you keep blocking all of my comments.
Do you only publish comments from people who are opposed to Measure H?
I tried to post the LA Times Editorail supporting H and I tried to clarify the misinformation that Walter is spreading in this thread
(namely Measure H will be administered by Los Angeles Housing Department NOT Los Angeles Housing Authority... the agency mentioned here)
but you don't post my comments in support of H. How many others are you blocking who disagree with yuou on this or other issues?
If you blog is completely biased at this point, you should let you readers know that.
This is just getting ridiculous. $164 million in traffic fines not collected and now this. What the hell are those idiot clowncil members doing? Obviously not their damn jobs. Get rid of all of them especially Perry, Reyes,
To 7:49:
For best results, use a civil tone, and try to marshall reasoning and/or evidence for your position. Also, we're not going to invite copyright litigation by letting people "reprint" entire articles from other sources here.
You are welcome to disagree with what any of us say, but if all you want to do is engage in name-calling, well, don't expect to read your comments here.
The goal here is for intelligent, informed discussion of L.A. politics and public policies, as opposed to, say, something more akin to drunken rants of the stupid.
P.S. The idea that our billion dollars in taxes will somehow be "safe" if it is spent by one of the various city housing departments rather than another strikes me as optimistic at best. Does ANY part of City Hall have better financial controls than any other? Judging from the endless stream of audits from Laura Chick -- which apparently missed the defalcation in this article -- the answer is "no."
BOTH CANDIDATES FOR STATE CONTROLLER SHOULD TAKE NOTE.
LAURA CHICK, YOU HAVE ENOUGH TO AUDIT - BEFORE YOU DO A JOB ON THE LAUSD. THANK GOD YOU'LL BE TERMED OUT, AND GOODBYE.......
walter, who, when, how much, Etc. how do you know this?
Great, that makes me so happy to send in my LA business tax, not to mention my $400 fee to the rent stabilization/code enforcement nazis.
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