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A closer look at those running for Kern High School District Trustee for Area 1

Kern High School District Area 1 is the geographically largest area of the district, serving more than 42,000 students.

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The CalPERS Executive Team Demands a New Loyalty Oath!

The CalPERS Executive Team Demands a New Loyalty Oath!
citywatchla.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywatchla.com Daily Mail and Mail on Sunday newspapers.

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CalPERS Employee Accused of Embezzling $685,000 from Beneficiary Bank and CalPERS Accounts Hasn't Been Arrested, Much the Less Prosecuted. Why the Cover Up?

As storied short seller David Einhorn would say, “No matter how bad you think it is, it’s worse.” The lawyers and banking experts I’ve contacted thus far have never heard of a case like the latest from CalPERS, which is saying a lot.
As you can see from the embedded filing below, CalPERS is suing Gloria Najera, a former employee it says embezzled $685,000 from beneficiaries, including, Wells Fargo style,
from a beneficiary’s bank accounts.
The civil claim is sketchy on the timetable, but Najera was a clerical worker responsible for updating beneficiary addresses and bank direct deposit information. That apparently also gave her access to at least the last four digits in their Social Security numbers. Najera used this information to pilfer directly from the bank account of one beneficiary to the tune of nearly $69,000. For nine others, she diverted funds from dormant CalPERS accounts (where CalPERS had reason to think the beneficiary was still alive but had only out-of-date bank deposit information) to bank accounts controlled by Najera and co-conspirators.

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CalPERS Sues Former Employee for Allegedly Stealing Pension Money

CalPERS Sues Former Employee for Allegedly Stealing Pension Money
More than $685,000 was stolen from 10 retirees, including a homeless person and beneficiaries under legal conservatorships, the fund said in its lawsuit.
The California Public Employees’ Retirement System (CalPERS) is suing a former employee who allegedly stole about $685,000 from 10 retiree accounts, the fund said.
Among the victims targeted by the accused former employee was a homeless person, as well as three beneficiaries who are under legal conservatorships, according to a complaint filed last week with the Superior Court of the State of California in Sacramento County.
Members under conservatorships have legal guardians appointed to oversee their financial assets either because of old age or disability.

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CalPERS complaint alleges former employee stole $685,000

CalPERS complaint alleges former employee stole $685,000
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CalPERS is suing a former employee in its retirement benefit services division for taking money from 10 dormant retiree accounts, according to a complaint.
The $460.8 billion California Public Employees' Retirement System, Sacramento, filed the lawsuit April 16 in California Superior Court in Sacramento against Gloria Najera, a 25-year veteran of CalPERS and a former associate governmental program analyst. From July 2017 until January this year, the complaint alleges, Ms. Najera took about $685,692 from the dormant accounts, depositing the money in bank accounts she controlled, or paying off her or family members' debts.
Three of the retirees whose accounts were dormant were under a conservatorship for lack of legal capacity and another was or is homeless.

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CalPERS Sues Former Employee Over Stolen Pension Money

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The California Public Employees’ Retirement System is suing a former employee who is accused of stealing more than $685,000 from the dormant pension accounts of 10 retirees, court filings show.
The victims include a homeless retiree, CalPERS said in a court filing, as well as several who are under conservatorship, meaning a judge has appointed someone to oversee their financials due to mental or physical disability.
The $460 billion pension fund filed the suit in the California Superior Court in Sacramento on Friday, the court documents show. It is suing Gloria Najera, a 25-year veteran of CalPERS and former associate governmental program analyst, “to recover the stolen funds,” CalPERS said in the complaint.

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