Tuesday, January 31, 2012

Become a government official, get rich

The LA Times reports that the publicly-owned Los Angeles Coliseum has been paying union officials with suitcases filled with $100 bills.  The payments were allegedly arranged by General Manager Patrick Lynch and Events Manager Todd DeStefano. According to the LA Times the alleged scheme worked like this:
  1. Lynch and DeStefano paid union officials over $1 million in cash, sometimes in suitcases, to pay for stagehands or other workers at Coliseum events .  "[T]he Coliseum imposed no controls over whether the money ended up in the right pockets."
  2. The event promoters and Coliseum contractors then arranged payments (a) to Lynch in excess of $400,000 and (b) to companies owned DeStefano in excess of $2.2 million.
Are you looking forward to having the government run your healthcare?

Lynch and DeStefano no longer work for the Coliseum and, through their lawyer, deny wrongdoing.

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