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Francis Marion 
LSU Fan
Le Bossier
Member since Jul 2011
1534 posts
| Louisiana Police Pension (Posted on 11/16/12 at 10:13 am)
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
Ball, LA - Home, Sweet Home
Member since Dec 2006
14883 posts
| re: Louisiana Police Pension (Posted on 11/16/12 at 10:14 am to Francis Marion)
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
1412 posts
| re: Louisiana Police Pension (Posted on 11/16/12 at 10:17 am to Francis Marion)
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
1534 posts
| re: Louisiana Police Pension (Posted on 11/16/12 at 10:17 am to Ace Midnight)
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
Equality is a circle, not a =
Member since Jan 2004
263414 posts
| re: Louisiana Police Pension (Posted on 11/16/12 at 10:17 am to Francis Marion)
wasn't this jsut the LSP fund?
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Francis Marion
LSU Fan
Le Bossier
Member since Jul 2011
1534 posts
| re: Louisiana Police Pension (Posted on 11/16/12 at 10:18 am to BigJim)
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
18855 posts
| re: Louisiana Police Pension (Posted on 11/16/12 at 10:24 am to Francis Marion)
Cops stealing???? I'm shocked I tell ya!
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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
25174 posts
| re: Louisiana Police Pension (Posted on 11/16/12 at 10:35 am to cwill)
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
1525 posts
| re: Louisiana Police Pension (Posted on 11/18/12 at 1:31 am to CITWTT)
What is your pension after 20 years?
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