Los Angeles Pension Board Appointees Investigated By the SEC
A latimes.com report from May 13, 2009 stated that an investigation into the offices of former assessor Bill Postmus has prompted the San Bernardino County Supervisors to file suit against Postmus and five of his co-workers in an attempt to recover hundreds of thousands of dollars. The report was done by former federal prosecutor John Hueston who gained fame for prosecuting Kenneth Lay and Jeffrey Skilling of Enron. The investigation revealed that crime, fraud, and drug use were a common occurrence in Postmus’s office. In addition, the 30 page document states that people not qualified for the job were hired and did not do any assessor related jobs but instead conducted unauthorized political campaigning. The investigation’s most shocking accusations are related to Postmus’s drug use. His assistant said he, “looked like he fell off a park bench.”
Colleagues even suspected him of inhaling canisters of DVD cleaner. Soon afterwards, Postmus was arrested on suspicion of possession of methamphetamine. He resigned in February.
Gary Ovitt, board Chairman, said, “As a taxpayer and as a public official, I find the activities detailed in the report deeply disturbing. There is certainly enough information in this report to compel the Board of Supervisors to pursue legal action against these individuals and seek damages for the taxpayers.”
Officials have arrested three of those mentioned, who have posted bail. Postmus has been charged with six felonies and former assistant assessor Erwin is facing 10 felonies, mostly for failing to properly report gifts while in office.
In today’s world of politics and business, the line between what is ethical is sometimes misinterpreted and can lead to serious accusations of white collar crime. If you or a loved one has been accused of a white collar crime in San Bernardino, contact the skilled lawyers at the Law Offices of Lawrence Wolf. We have helped our clients win for over 30 years. Please call (310) 277-1707 for a free consultation.
