Monday, August 20, 2012

Judge rules City of Chicago pension funds can fire firm founded by Daley nephew, Obama friend

Five Chicago government pension funds have won a six-month court battle to fire the money-management firm founded by a friend of President Barack Obama and a nephew of then-Mayor Richard M. Daley.

Chancery Court Judge John Noble ruled last week in Delaware that the pension funds had sufficient cause to fire DV Urban Realty Advisors, which was formed by Obama’s friend and onetime employer Allison S. Davis and Daley nephew Robert G. Vanecko.

For the past six years, DV Urban has managed $68 million for pension funds representing Chicago teachers, police officers, other city employees and transit workers, investing government workers’ and retirees’ pension money in risky real estate deals that haven’t done well.

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17 comments:

Anonymous said...

tick tock tick tock.......

Anonymous said...

Will this really help anything?

Anonymous said...

Where the fuck are the Feds? This cries out for an investigation. Davis and Vanecko are nothing but scumbag extortionist and should be put away. All those millions pissed away while Daley just turned his back. WTF!!!

Aldo Raine said...

Bitches like these two motherfuckers will be the first dogs hunted down by either a firefighter or cop when the city declares bankruptcy and tells us "no pension for you, sorry". Better have you a trac phone, ladies, cuz we got those numbers and the technology to find you...ANYWHERE.

Aldo Raine

Anonymous said...

It's all legit, city workers don't forget to fill out your ethics statement and take your annual ethics test on-line.

I Voted For Obama said...

The judge ruled that the CAN fire them, but they will be too afraid of Obama to do so.

Anonymous said...

Can the Pension Board sue these two asshole for stealing our money? Who the fuck gave the ok for these two shysters to invest our money in bullshit?

Anonymous said...

And WHO will take THEIR places? Some other Thieving pricks?

Tick Tock, Tick Tock, Shitcago/Crook County Politicians, people have awoke and will be launching your Corrupt asses at the Polls, this November, and forever after, you sellouts to America..

Anonymous said...

You have to wonder what the mayor thinks of this deal and our msm will never ask him or anybody else involved their spin in this theft.What happened to money?Wher did the money go?

Anonymous said...

Ponzi scheme the money is gone. It sits in a trunk in a Michigan summer home.

Anonymous said...

Wonder how much of the $68,000,000 is left?

Anonymous said...

the scumsucking parasites,just execute the motherfuckers and all of thier family members too.

Anonymous said...

remember it was your union reps that signed off on this.

it takes two to tango.

Anonymous said...


They INVESTED IT?


IN THEIR OWN VESTS!

Remember when the old car needed to be replaced and you organized a $5.00 a hit with a sledge hammer?

They got this thing about the death of a thousand cuts?

How bout a pocket knife and a ball peen hammer?

SHOW ME D FUKN MONEY? Ahhhggg Ahhhhhh cough grown drool .

EXTRA EXTRA PENSION FUNDS RESTORED?

Anonymous said...

In the news today that public sector unions gave Mike Madigan $100,000 in campaign donations a day before Quinn had the special session to address pension reform. Needless to say Mikeie did nothing. This reform session has to do with state pensions. Most of these folks, includding teachers, pay nothing towards their pensions or medical coverage. We certainly pay so they should also.

Anonymous said...

I figure you just lynch a few crooked ass politicians. Go medieval on em, gouge the eyes pull out the tongues, disembowel them, well you get the idea, and the rest of the pols will fall in line. If not buy more rope.

Anonymous said...

I worked for Alison's son back in 07, the guy is a total asshole and extremely corrupt. Not to mention Alison pretends that he is half black even though he does not looke like it to get the blacks behind him. The company that his asshole son owns is Urban Property Advisors which is basically a slum lord property management firm.