Category: Pensions/Retirement
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Pension fund accuses Panthers owner Viola, partner Cifu of stealing $400 million owed to investors in Virtu Financial
By Dan Christensen
FloridaBulldog.org
Vincent Viola, the multi-billionaire owner of the Stanley Cup champion Florida Panthers, is the principal defendant in a class action lawsuit alleging he used his control of Virtu Financial Inc. to divert more than $400 million in cash away from Virtu’s stockholders to “himself and his confederates.” -
Proposed laws would allow billions in Florida retirement, other funds to be invested in risky Bitcoin
By Dan Christensen
FloridaBulldog.org
Republican legislators have filed bills that would authorize politicians and bureaucrats who oversee Florida’s General Revenue Fund, the Florida Retirement System (FRS), the Hurricane Catastrophe Fund and other huge state funds to invest up to 10 percent of their cash in Bitcoin and “other digital assets.” -
Altered rules let ex-Hallandale city manager’s son-in-law join lucrative pension plan
By William Gjebre
BrowardBulldog.org
Hallandale Beach officials altered city pension guidelines to enable the son-in-law of former city manager Mike Good to join a lucrative management-only pension plan after it was closed to additional employees. -
Two Hallandale officials who voted for generous pension plan say they weren’t told true costs
By William Gjebre
BrowardBulldog.org
Two Hallandale Beach commissioners who backed generous retirement benefits for top city officials said they were never told that the program granted retroactive credit for years worked prior to the plan’s start in 2001. -
Hallandale’s ex-top managers collect fat pensions from retirement plan they pushed a decade ago
By William Gjebre
BrowardBulldog.org
A short-lived, perk-laden retirement plan has paid off big for some top Hallandale Beach officials who helped set it up a decade ago – but today it’s costing city taxpayers extra millions of dollars.
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