Criminal Ethics Complaint Filed Against Jack Weiss (Explosive Details!)

No guys, this doesn’t look good.

It’s OVER for Villaraigosa,
and his little dog, too.

Sorry, couldn’t get documents posted this evening. Check back in the morning.

Jack Weiss is running for City Attorney against Carmen Trutanich this Tuesday May 19th. Maybe you should vote for Trutanich at this point. (Click on each page to enlarge.)

More on PensionGate 2009 by Zuma Dogg:


10 thoughts on “Criminal Ethics Complaint Filed Against Jack Weiss (Explosive Details!)

  1. MAYOR'S PENSIONGATE GANGOffice of the MayorCity of Los AngelesANTONIO R. VILLARAIGOSAFOR IMMEDIATE RELEASEJuly 21, 2006MAYOR VILLARAIGOSA APPOINTS MEMBERS TO THE FIRE AND POLICE PENSIONS COMMISSION(Los Angeles, CA)- Mayor Antonio R. Villaraigosa recently completed his appointments to the Fire and Police Pensions Commission. "The men and women who keep us safe deserve the very best," said Mayor Villaraigosa. "My appointees' expertise and commitment to public service will serve our city well." The Fire and Police Pensions Commission is responsible for administering pension plans, disability benefits, and post-retirement health subsidy benefits for all full-time sworn police officers and firefighters of the City of Los Angeles. The system, overseen by this commission covers approximately 12,700 active system members and 11,800 retired members.The Mayor appoints five members to the nine-person commission. Sworn members of the Fire and Police Departments each elect one member and the retired Fire and Police members each elect one member. Since the beginning of his term, the Mayor has appointed three new members to the commission in addition to retaining two current members. The five new members of the board are:* Elliot Broidy(RESIGNED) – Founder and Chairman of Markstone Capital Partners;* Sean Harrigan(RESIGNED) – Executive Director of the United Food and Commercial Workers Union Western State Council;* Steve Juarez (?)- Financial Practices Manager, J. Paul Getty Trust;* Patricia Means (?)- Founder and President of Turning Point Communications;* Louis Moret -(?) former Chief Operating Officer, Southern California Association of Governments;BIOGRAPHIES OF THE APPOINTEES FOLLOW:ELLIOT BROIDYElliot Broidy is the Founder and Chairman of Markstone Capital Partners, a private equity fund dedicated to investing in traditional industries within the Israeli economy. Mr. Broidy is also Chairman of ESI Holdings, Inc., an event management and logistics company. He also serves on the Board of Directors of Foley Timber and Land Company, and Vantis Capital Management LLC, a registered investment advisor. Mr. Broidy is a member of the Young Presidents Organization, serves on the Board of Leaders of the USC Marshall School of Business and its Board of Advisors for the Center for Investment Studies and is a trustee of the USC Hillel Foundation. He serves on the Board of Governors and the Endowment Committee of Hebrew Union College. Mr. Broidy was also recently appointed to serve on the United States Homeland Security Advisory Council. SEAN HARRIGANSean Harrigan was elected as the Executive Director of the United Food and Commercial Workers (UFCW) Western State Council in November, 2001. He also serves as an International Vice-President to the UFCW International Union and as a member of the Executive Council of the California State Federation of Labor.Additionally, Mr. Harrigan is a member of the California State Personnel Board, having been appointed in July of 1999. He is the immediate past Board President of the CalPERS Board of Administration, where he served in that capacity from February 2003 until January 1, 2005. He was elected as the State Personnel Board's representative on the CalPERS Board in December 1999. STEVE JUAREZSteve Juarez currently manages the financial practices of the J. Paul Getty Trust. Mr. Juarez previously served as the assistant Vice Chancellor of the UCLA Government & Community Relations, a department directing the University's external relations with federal, state and local elected officials. Prior to serving as the Vice Chancellor, Mr. Juarez served as the Chief Legislative Representative for the County of Los Angeles. In addition, Mr. Juarez serves as President of the Neighborhood Youth Association, which provides education and social services to underprivileged youth. Mr. Juarez also serves as the Board Chair of the Southern California Leadership Network, an organization dedicated to assisting in the development of regional leaders in the public, private and non-profit sectors and as a Senior Fellow of the UCLA School of Public Policy & Social Research. PATRICIA MEANSPatricia Means is the founder and president of Turning Point Communications. Ms. Means served as Chairperson of the Los Angeles 10th District Small Business Commission. She is the board president of the TPC Foundation, Inc. and sits on the boards of the West Angeles Community Development Corporation, the Los Angeles African American Women's Political Institute, Inc. (LAAAWPPI), the Greater Los Angeles African American Chamber of Commerce and the Wells Fargo Community Advisory Board.Ms. Means was appointed to the National Congressional Small Business Task Force by Representative Juanita Millender-McDonald. Ms. Means has held executive management positions at Purex Corporation, Foote, Cone, Belding/Honig Advertising, Motown Records, ProServ, Inc., and KACE radio. LOUIS MORETLouis Moret served as the Chief Operating Officer for the Southern California Association of Governments (SCAG) for 12 years, where he was responsible for the internal administration of the organization. Prior to his stint as COO of SCAG, Mr. Moret served as the Vice President of Cranston Securities Company and Commissioner for the Los Angeles Department of Public Works. Mr. Moret also worked as Director in the Office of Minority Economic Impact at the U.S. Department of Energy, where he was tasked with providing policy recommendations and advice on the economic and environmental impact of National Department of Energy Policy. Additionally, Mr. Moret served as Vice President of the National Economic Development Association

  2. The Israel Conference in Los Angeles to Spark Deal Flow Between …Business Wire (press release) – ‎May 14, 2009‎… in Israel with discussion by DraperFisherJurvetson-Tamir Fishman and Pontifax, a VC fund headed by Eli Hurvitz, the Chairman of TEVA Pharmaceuticals

  3. Elliott Broidy Chairman Markstone Capital Born: 1957. Education: B.Sc., University of Southern California, USA (79). Current Position: Chairman, Markstone Capital (03-present); Chairman and CEO, Broidy Capital Management (91-present); Chairman, ESI Holdings Inc., an event management and logistics company; Board of Directors – Foley Timber and Land Company, Vantis Capital Management LLC, a registered investment advisor. Volunteer Activities: Commissioner, the Los Angeles City Fire and Police Pension Fund (with assets in excess of $12 billion); Board of Directors, the Los Angeles Police Foundation; Young Presidents Organization; US Homeland Security Advisory Council. Languages: English. E-mail:

  4. ELLIOT BROIDY – Businessman and PhilanthropistAs mentioned in the feature about Colonel David "Mickey" Marcus, Elliot Broidy is the founder and Chairman of Markstone Capital Group, LLC, an $800 million private equity fund dedicated to investments in Israel's traditional economy and named after Jewish American hero Col. David ‘Mickey’ Marcus. Besides his many business commitments, Broidy also dedicates himself to various charitable and non-profit organizations. After earning his B.S. in Accounting from the University of Southern California, Elliot Broidy became a Certified Public Accountant and began his career at Arthur Andersen & Co., a major accounting firm performing tax, auditing, and consulting services for its clients. From 1982 to 1991, Broidy was Managing Director of Bell Enterprises, a private investment company where he worked with managing a broad range of investments such as real estate, private equity, marketable securities, and other investments. In 1991, Broidy founded Broidy Capital Management, a private investment company specializing in private equity and marketable securities investments. Broidy’s involvement and experience in the business and investment arenas are varied and extensive. Besides serving as Chairman and CEO of Broidy Capital Management and chairing and managing Markstone Capital Group with Ron Lubash and Amir Kess, Broidy is also Chairman of the Board of ESI Holdings, Inc., an event logistics and management company. He serves on various Boards of Directors as well, including those of Vantis Capital Management LLC, a registered investment advisor, and Foley Timber and Land Company. In addition, Broidy is a founding member of the Board of Governors of the California Israel Chamber of Commerce, an organization promoting trade and investment in Israel. One of his chief interests, in conjunction with Markstone, is encouraging and stimulating business growth in Israel.

  5. Elliott Broidy Appointed to Simon Wiesenthal Center Board of TrusteesBroidy is chairman of ESI Holdings, Inc., an event management and logistics company, and serves on the board of directors of Foley Timber and Land Company

  6. CalPERS isn’t quitting Israel Published by: Nass22/05/2003 Grove Street Advisors managing partner Clinton (Clint) P. Harris is not worried about CalPERS exposure in Israeli venture capital funds.Four lines in an e-mail started the hullabaloo. “Private Equity Week”: editor-at-large Dan Primack informed his readers that California Public Employees’ Retirement System (CalPERS), the largest institutional investor in the US, had posted the performance of its portfolio venture capital funds on its website. Anyone who missed the CalPERS list could read about its Israeli aspect courtesy of Hebrew daily “Ha’aretz”, which excerpted the CalPERS’ performance report on its six Israeli investments made in 1999-2000: Pitango Venture Capital, Jerusalem Venture Partners, Apax Partners Israel, Israel Seed Partners , Carmel Partners, and Gemini Israel Funds. These venture capital funds wrote off an aggregate $212 million on their investments, amounting to a third of their aggregate investments.

  7. Westly Helped Firms Tap State Fund – Los Angeles TimesMay 10, 2006 … Markstone Capital Group LLC, a fledgling firm that invests in infrastructure and other “old economy” industries in Israel. CalPERS’ staff … – 50k

  8. State Fund to Keep Israel Investments | Community | Jewish JournalReacting to calls for a CalPERS boycott of Israel, Byron Tucker, a Los Angeles spokesman for Gov. Gray Davis, told The Journal this week, “We will continue … – 51k –

  9. American pension funds look to Israel for investmentBy David Brinn What do local and state employees in California and New York have in common? For years, a portion of the money that they pay into their pension funds is being invested in Israeli companies. And it has been such a successful venture, that over 40 representatives of pension funds from other states recently spent a week in Israel to learn about investment opportunities. “Over a trillion dollars was represented by the people that came on the trip, the vast majority of which had never invested in Israel before,” said Isaac Applbaum, founding General Partner of Opus Capital, current president of the California Israel Chamber of Commerce, and one of the organizers of the visit. “Of the 24 pension funds that were present, maybe three had previously invested in Israel. It’s the largest amount of capital to ever come to Israel at one time. In a period of four days, this group learned everything there is to know about investing in the country,” he told ISRAEL21c. Among the participants in the delegation were. Alan Hevesi, Comptroller for New York state; Massacussetts State Treasurer Tim Cahill, Daniel Kurtzer, former US ambassador to Israel; as well as heads of CalPers, (California Public Employees Retirement System) CalSTRS, (California State Teachers? Retirement System), Pennsylvania Public Employees, Virginia Retirement System, and Stanford Management Co. The visit was initiated by the World Pension Forum (WPF), which provides a forum for discussion and educational opportunities for the senior members of US pension funds. “The WPF is sort of a governing body of state pension funds – they hold conference four times a year and provide educational tools for the state pension funds,” explained Applbaum, who has extensive business dealings in Israel. “Last year, their president Phil Shaeffer asked me if I could contact Ehud Olmert, who was then Industry and Trade minister, to come over and be a keynote speaker at a WPF conference. He said, ‘absolutely’, and he came over and spoke, and it was spectacular. At the end, Olmert said, ‘OK, I came to you, now it’s your turn to come to me’. So that set the wheels in motion for this trip.” For Cahill, who in his capacity as state treasurer of Massachusetts is also chairman of the Massachusetts Pension Reserves Investment Management (PRIM) that manages $45 billion, the trip was an eye-opener. “We haven’t yet made direct investments, but I hope we’ll do so some day. I definitely see the logic in investing some of our money directly in Israeli venture capital funds,” he told Globes. “In general, we usually invest $25-100 million in venture capital funds, and that would be the amount of investment in Israeli funds. Until now, PRIM has indirectly invested in Israel, buying State of Israel Bonds ($25 million to date, and another $25 million this year), and has also invested in various funds that invest in Israel. But according to Applbaum, there’s been a trend over the last five or six years, for US pension funds to start predominantly investing in Israeli venture capital. “Israeli VC, after all, is one of the most productive in the world, after the US. It mostly mirrors the VC strategy of the US and it’s been very successful,” said Applbaum. Two pension funds that follow that philosophy are CalPERS and CalSTRS, which managed $201 billion as of June 2005. The pension fund is committed to pay pensions to 775,000 retired state public school teachers from the kindergarten through college levels. The fund was represented on the trip by board member and California Department of Finance chief deputy director Anne Sheehan. CalSTRS has invested in a wide variety of Israeli companies including Alvarion Ltd. (Nasdaq: ALVR; TASE: ALVR), AudioCodes Ltd. (Nasdaq: AUDC; TASE: AUDC), Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT), Given Imaging Ltd. (Nasdaq: GIVN; TASE: GIVN), Koor Industries Ltd. (NYSE: KOR; TASE: KOR) and M-Systems Flash Disk Pioneers Ltd. CalPERS, which manages $145 billion, has invested in eight Israeli venture capital and private equity funds: Apax Partners, Carmel Ventures, Gemini Israel Funds, Giza Venture Capital, Israel Seed Partners, Jerusalem Venture Partners (JVP), Markstone Capital Partners Group LLC, and Pitango Venture Capital. According to Sheehan, both funds are pleased with their investments in Israeli technology. “The picture I got [from the visit] is of a rapidly growing economy, an economy that reacts quickly to change. The State of California has a history of support for and investment in Israel, and the present governor, Schwarzenegger, is committed to continuing investment,” she told Globes. She was especially impressed to learn about new research being done in Israeli water technology companies, and said that her state could greatly benefit from some of the developments the group was presented. “California has a water supply problem. The economy is growing rapidly, and the state needs to supply the quantity of water needed. Israel has a lot of interesting developments in this area,” she said. CalPers’ deputy control board member Joy Higa also singled out the water industry as well as stem cell research as two areas that had sparked interest. “We are learning about how the Israeli government and the academic community are serving as an incubator for growth in those two industries,” she told The Jerusalem Post. Applbaum cited the relative young stage of development in Israel as a prime plus for potential investment, and a strong attraction to the pension funds. “If you think about investment opportunities in the US, they’ve all already been discovered. Israeli society is still relatively early from an investment perspective. You have all these interesting emerging opportunities coming out of Israel regarding water, infrastructure and other industries – they’re fresh opportunities, and from a strategic viewpoint, a good investment possibility,” he said. New York’s Hevesi, whom Applbaum credits with pioneering the concept of investing in Israel, is the sole trustee of New York State’s Common Retirement Fund, which oversees over $1b. of investments in Israel. He told the Post that that he expects investments in Israel to continue to grow regardless of political circumstances. “The investment community is not structured to issue a resolution of support [for political developments]. It speaks by its actions,” he said. “The amount of investment has gone up and indications have been very strong from US investors that this will continue, politics not withstanding.” Hevesi said he would like to see more of a collaboration between New York and Israel, “to connect Israeli brain power with the US investment capacity and New York brain power,” specifically referring to the burgeoning nano-technology field. According to Applbaum, the goal of the trip was to enable the pension fund managers to learn about Israel as more than a one-dimensional place they read about in the papers and to provide them with a look at the character of the country. “Everybody got a remarkable feel for the Israeli entrepreneurial spirit. And they got a feel for the history of the country – at the Western Wall and at Yad Vashem – and learned what drives that spirit,” he said. In addition to being hosted for dinner by Olmert, the group met top politicians, key business leaders and CEOs of companies like Checkpoint and Clal, and learned about potential investments in VC, hedge funds, and private equity. That combination of business, politics and history convinced California’s Sheehan. “I will recommend to others to invest here. People read about the political and security situation, but do not understand how alive the Israeli economy is. I compliment you on your ambition to become the next Silicon Valley,” she told Ha’aretz Applbaum believes that now with the seeds sown, the eventuality of more state pension funds investing in Israel is very high. “Pension funds don’t work very quickly, and here can’t be concrete results in a day or a week. But I strongly believe that there’ll be significant investments in six months or a year. These people will come back and make investments.” And when they do, the fund managers and the citizens who are putting their hard-earned money into their pension funds can rest assured that their savings are working and growing when they are invested in Israel.

  10. Dear City Council Members,This morning I opened my DWP Water Bill, and after 57 days I used 737 KWH of electricity equaling 87.50 in charges, of which 10% in a City Utility Tax. Hot weather will soon be here and my bill will go up a great deal because the owner of my building uses a dual A/C system. A dual A/C system requires two sources of power to generate A/C. Plus, the HCVAC was built in 1960 and is huge. Not very efficient. Now, I complained about this to my landlord, but because there are no rules in LA to get owners to upgrade, I’m essentially being forced to use more energy than I can afford; and because of the age of the unit, it doesn’t do a very good job.So I’m looking through my bill and I’m looking for energy tips, but there is nothing. I go on DWP’s website and the portions I do understand sound like tips dated back to Tricky-Dick. Truly out-dated.Every night I turn off the power to my utility control panel as my sacrifice to save energy and it works. But what we need is a revolution in the City to change how we acquire and use energy. On the new stuff like Solar, I get inundated on facts about the Cost of Solar.Then, I find out 25% of the total amount for funding will be spent for outreach. Show me some good and innovative outreach….please.The City, will spend 31M per year, which is 39% of the City Load- What does that mean in terms of total Watts and total Dollars??? That’s probably a very small %. A program is measured not in $$ [ching-ching], but in results. Where’s the outreach? A hike in my utility bill is not outreach. Where is the Advertising and Information on local LA TV networks, where’s the collaboration and sense of urgency in this city to make small but real changes? Don’t give me facts and figures and B/S—-give me results. If a watch can be ran on solar energy or a light source, why can’t City Hall?Here is some real outreach, install solar panels on City Hall, and every morning tell the viewers to come down to City Hall to take a tour sponsored by DWP to see how this works. DWP, it’s leadership and partners must Lead by example. With job layoffs and this deep recession, my landlord still collects his/her rent of 1,400.00 per month time X number of units; so why can’t they be mandated to upgrade HVAC units? Why do I have to pay for their inefficiency, their corporate greed and these are the entities you guys love so much? If all you guys do is sit around the horn and chit chat all day and belly ache; it’s time you guys start putting pressure on the enablers-like your corporate friends to make some real changes. I’m sorry, am I out of line here or are you now going to tell me about all the wonderful things you done. Go ahead pat yourself on your back, in the meantime since your still working for us, …. Tell the enabler’s you’re ready to kick your habit…get the monkey off your back so you can get the energy revolution going

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