Baldwin Park is Cooking the Books!
Posted in the North El Monte Forum
#1 Jul 11, 2012
Baldwin Park does illegal accounting
Faulty accounting used on city books to hide truth
City is millions in debt
City steals millions from different departments
City fails to pay its debts
Baldwin Park does fake bids and gives contracts to political buddies
Millions missing on city books
City stole millions from Redevelopment
Baldwin Park is cooking the accounting books
Only lies come out from Baldwin Park city
Baldwin Park is on brink of bankruptcy
#2 Jul 12, 2012
What do you expect from Bozo's and Bimbo's
#3 Jul 12, 2012
The books are so cooked they are well done and have been for years. The secret the city never really had reserves was always known in the inner circles. The little city manager that was hired a few years back was told to play the shell game and it worked in the good times but not now. It went like this don't pay the retirement money each month and just keep paying on the interest at 7.75% and we will build a reserve account of 5 million dollars which is nothing more than a large loan from the state Cal PERS department. Well when the city choked out all the average size businesses and tried redevelop in a depression time they lost everything.
The game was just a paper game showing they had money but hiding all the debit but now since the state is broke and looking for money they exposed the dirty little redevelopment scams that have been going on for years.
Baldwin Park is next for BK it's debit is way larger than their assets and they have no way to pay it back.
Please recall the firing hit lists it is coming very soon and some have already happened.
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