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BREAKING NEWS: California State CAFR looked at; Fraud identified; Heads Roll

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Headlined to H2 7/21/12


At cafr1.com


Walter Burien
(image by http://cafr1.com/headsroll.html)

First Domino to fall: It appears someone did a little digging into the CA State CAFR report. It is not said in the Los Angeles Times News Article but it would be my estimate that the funds identified were sitting in a designated advance liability account. Now it is time to turn the same rocks over for all cities; county; state; enterprise; school district; and state university accounts. For the CA State Parks it was 54-million. Collectively for all local government operations (tens of thousands of operations) it is a few trillion.

Read the rest of the story HERE:

At cafr1.com


 

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