What could have been with GM
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California School District Owes $1 Billion On $100 Million Loan
npr ^ | Dec 7, 2012 | Richard Gonzales / FR Posted by Biser
More than 200 school districts across California are taking a second look at the high price of the debt they've taken on using risky financial arrangements. Collectively, the districts have borrowed billions in loans that defer payments for years leaving many districts owing far more than they borrowed. (Excerpt) Read more at npr.org ...
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Taxpayers MUST sdemand to know the scope and dimension of multiple conspiracies by pension entites (like Calpers) to collude in sub rosa deals to personally profit and/or to facilitate money laundering, financial fraud and tax evasion.
OF INTEREST TO LAW ENFORCEMENT---Taxpayers should demand the FBI investigate evidence of multiple schemes to falsify public documents.......and whether illegal wire transfers were employed to deposit Calpers monies offshore.
Crimes might include---fraud, financial conspiracies, collusion, falsifying official public documents, ID theft, money laundering, illegal wire transfers, tax evasion, extorting taxpayers, theft of public monies, misuse of public office, misuse of public positions.
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Falsifying Public Documents involves altering, changing, or modifying a document for the purpose of deception.......can also involve forgery and/or passing copies of false documents. Falsifying documents is usually done in connection with broader criminal aims, such as extortion, financial fraud, tax evasion, money laundering, financing personal expenses.......
Types of documents commonly falsified may include:
◾Tax returns and income statements
◾Personal checks
◾Bank account records
◾Business record keeping books
◾Immigration documents (such as visas, passports, etc.)
◾Identification cards and birth certificates.
Many different types of acts can be considered as falsifying a public document, including:
◾Altering or misrepresenting factual information such as prices or monetary amounts
◾Stating false information when requested to provide truthful statements
◾Forging a signature
◾Using official letterheads without authorization
◾Concealing assets or property WRT obtaining federal/state monies
◾Knowingly using or distributing a fake document
A person can only be held criminally liable if they are deliberately acting with the intention of deceiving or defrauding another party.
Falsifying documents is a very serious offense and is generally classified as a felony. This means that a person charged with falsifying documents may be subject to the following legal penalties:
◾Having to pay a monetary fine
◾Incarceration in a prison facility
Depending on the gravity of the offense, as well as individual state laws, falsifying public documents can result in a prison sentence of 5-10 years. Also, if public documents or public agencies or authorities were involved, the legal penalties may be more severe. ..... legal penalties may increase with repeat offenses.
The penalty for falsifying public documents is outlined in the Crimes Act of 1958.