Louisiana Police Pension | TigerDroppings.com

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Francis Marion
LSU Fan
Le Bossier
Member since Jul 2011
1536 posts

Louisiana Police Pension



They let some idiot retired cops basically run a billion dollar pension, needless to say they lost hundreds of millions of dollars in bad investments like buying golf courses.

They were taking "fact finding trips" to Pebble beach and Scotland spending hundreds of thousands of dollars of the pension fund flying around first class and staying in 5 star hotels.

I am wondering why these guys aren't being investigated for fraud and theft?



This post was edited on 11/16 at 10:14 am



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Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
33474 posts
 Online 

re: Louisiana Police Pension


quote:

I knew a guy on the board, they let some idiot retired cops basically run a billion dollar pension, needless to say they lost hundreds of millions of dollars in bad investments like buying golf courses.


Don't even look into the District Attorney's (DARP) then - from a per capita basis, they can buy and sell the cops....3 times.






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BigJim
LSU Fan
Baton Rouge
Member since Jan 2010
2971 posts

re: Louisiana Police Pension


They did. Their former director is in jail. (Can't remember his name).





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Francis Marion
LSU Fan
Le Bossier
Member since Jul 2011
1536 posts

re: Louisiana Police Pension


quote:

The trustees were led by Bossier City Police Captain Bill Fields, a Corvette-driving former pawn shop owner who chaired the pension’s golf-course committee, and its vice chairman, Willie Joe Greene, a retired captain from nearby Keithville. Fields, now 58 and retired, and Greene, 73, declined requests to comment for this story.






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SlowFlowPro
Stanford Fan
Simple Solutions to Complex Probs
Member since Jan 2004
300782 posts

re: Louisiana Police Pension


wasn't this jsut the LSP fund?





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Francis Marion
LSU Fan
Le Bossier
Member since Jul 2011
1536 posts

re: Louisiana Police Pension


quote:

They did. Their former director is in jail. (Can't remember his name).


I was wondering about the former officers who were taking trips to Pebble Beach and Scotland, living high on their fellow retired police officers money?

I thought the FBI was looking into it?






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cwill
New Orleans Saints Fan
Member since Jan 2005
25845 posts

re: Louisiana Police Pension


Cops stealing???? I'm shocked I tell ya!





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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: Louisiana Police Pension


Years ago(75-7) half maybe a bit more of the Thibodaux police force was fired and tried for burglary. They hit practically every business in the city, except restaurants.





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matthew25
Ole Miss Fan
Member since Jun 2012
3548 posts

re: Louisiana Police Pension


What is your pension after 20 years?





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