Malek's Firm Found Liable in $75 Million Fraud With Connecticut State Pension Funds

I expect that (0.00 / 0)

from Bobby McD's point of view, the guy has all the necessary qualifications to fill that particular position.

1) Jew counting: everyone knows that Jews and money go together way, way back. Jews are, therefore, the first ones to be applied to for money (also way, way back. In the old days, the kings et al didn't even have to pay back the "loans"; a little pogrom took care of any claims). He already knows how to count his Jews; definitely a plus.
2) Dog barbecue: everyone knows that reform, of any kind, requires ruthlessness. A strong stomach is a necessity; a warm (bleeding) heart might give in to whining. He's proven he's got what it takes.
3) Fraud: when in Rome... Republicans tend to be drawn to fraud more than Dems but not all Repubs are "bent". He's already been tested on that front and proven himself to be worthy of the company he wants to keep. And earned bonus points for defrauding seniors.

What's not to like?  

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by: libra @ Mon May 10, 2010 at 02:59:13 AM UTC

Malek's an proven Rethug bureaucratic hit man, aka thug. (0.00 / 0)

In all seriousness, the anti-semitic allegations about Malek, his canine barbecue, his fraud conviction, and his connection to Palin are not as objectionable to me as the fact that Malek is historically known as the guy Nixon appointed to develop what became called the infamous "Malek Plan", Nixon's effort to politicize the federal bureacracy down to the GS-14 level. (The BLS anti-semitic epsiode is only one piece of Tricky Dick's effort to totally politicize federal agencies.)
Gov. McDonnell can be confident in his appointment. Whatever can be done to politicize Virginia's government agencies and processes will be done by this loyal anti-democratic rightwing thug.
Bob McDonnell is on his way to re-making the Old Dominion as the bastion of right wing politics.

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by: Shenandoah Democrat @ Mon May 10, 2010 at 13:11:35 PM UTC

You are correct (0.00 / 0)

and the Republicans have been politicizing the supposedly professional non-partisan bureaucracy as fast and as hard as they can in the federal government as well, embedding political appointees who "burrow" into supposedly non-political jobbs with GS-ratings, so if a subsequent election installs a Democrat in the White House, they cannot be kicked out and are there to sabotrage and act like the soldiers in the Trojan horse. In spy parlance, these jokers are "sleeper cells."

know it or not, believe it or not, Democrats and indeed the concept of democratic government, is under vicious attack. We are at war. Wake up!

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by: Teddy Goodson @ Mon May 10, 2010 at 14:21:54 PM UTC

[ Parent ]

Actually, the "Malek Manual" was not written by Fred Malek! (0.00 / 0)

He only took the credit for implementing it. I still have a copy of that Manual.

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by: TomPaine @ Mon May 10, 2010 at 23:40:59 PM UTC

[ Parent ]

Dog gone (not so) funny (0.00 / 0)

See Colbert I. King at

http://www.washingtonpost.com/...

This guy should be nowhere near this commission.  

Lowell, just a nit -- Malek and his firm were not found liable, it was a consent judgment.  Based on King's article, it looks they got off pretty easy.  

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by: WestEndVoter @ Mon May 10, 2010 at 14:40:06 PM UTC

Not sure what a "consent judgment" is (0.00 / 0)

but you're right, they got off very easy.

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by: lowkell @ Mon May 10, 2010 at 14:49:23 PM UTC

[ Parent ]

Consent judgment (0.00 / 0)

As described by King:

Fred Malek and his company, for their failure to disclose to the pension fund (and pensioners) the side deal to retain and pay DiBella nearly $375,000 -- and without admitting or denying the SEC's findings -- consented to the issuance of a cease-and-desist order censuring him and his company. Malek's company was ordered to pay a civil penalty of $150,000, and he was personally made to pay a civil penalty of $100,000.

In short, Malek consented to a judgment that it would pay money, and cease certain activity, without admitting fault.  

Accepting a consent judgment is typically strategic in nature.  The government does not need to spend the money to prosecute.  But more importantly, Malek and his company headed off a verdict of a fraud conviction, which could have resulted in jail time (as for someone else named in the suit), and would have made civil suits against Malek quite easy (no need to prove the underlying offense).  

I would like to think that politics did not have a role in Malek getting off easy, but...what year was that...

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by: WestEndVoter @ Mon May 10, 2010 at 15:14:41 PM UTC

[ Parent ]

Slimy (0.00 / 0)

The guy's as crooked as they come, perfect person to lead a government "reform" panel appointed by Bob McDonnell!

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by: lowkell @ Mon May 10, 2010 at 15:24:48 PM UTC

[ Parent ]

Tone Deaf (0.00 / 0)

Once again, McDonnell makes a choice that just seems tone deaf.  I realize that most people are never even going to know about this, let alone care, but I have to think that even some Republicans are sitting there thinking there are better people to appoint and who were passed over for this scoundrel.

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by: GretchenLaskas @ Mon May 10, 2010 at 21:27:53 PM UTC