In 1994, Orange County CA filed for bankruptcy after the treasurer caused $1.6 billion in loses in the investment fund and was later convicted of criminal activity.
30 years later, we have a political fight going on between the newly appointed CEO and the treasurer.
In 1994, Orange County CA filed for bankruptcy after the treasurer caused $1.6 billion in loses in the investment fund and was later convicted of criminal activity.
30 years later, we have a political fight going on between the newly appointed CEO and the treasurer.
The CEO has caused the investment of county funds to be removed from the treasurer, Shari Freidenrich. I'm hoping the County isn't playing games with our investment fund again.
Disclosure, I've been friends with Ms. Freidenrich for over 40 years and know her to be highly competent, even if Republican.
In 1994, Orange County CA filed for bankruptcy after the treasurer caused $1.6 billion in loses in the investment fund and was later convicted of criminal activity.
30 years later, we have a political fight going on between the newly appointed CEO and the treasurer.
https://voiceofoc.org/2025/02/oc-ceo-defends-stripping-elected-treasurer-of-17-billion-investment-pool/
The CEO has caused the investment of county funds to be removed from the treasurer, Shari Freidenrich. I'm hoping the County isn't playing games with our investment fund again.
Disclosure, I've been friends with Ms. Freidenrich for over 40 years and know her to be highly competent, even if Republican.
is the CEO also an elected office holder? Or appointed by the Supervisor Board?