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

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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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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)

Related Topic(s): Breaking News; Cafr; California Fiscal Crisis; Fraud; Fraud, Add Tags

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