The Democrat party of treason has been subsumed by the Chicoms.
California’s Highest-Paid Govt Employee Worked for Org Tied to Chinese Espionage
Taxpayers paid $1.7 million to ex-pension fund manager Meng
Yuichiro Kakutani, WFB, December 1, 2020 1:30 PM
Story continues below advertisementCalifornia taxpayers shelled out more than $1 million to a man linked to a Chinese espionage program, making him the state government’s highest-paid worker.
Meng Yu, former chief investment officer of the California Public Employees’ Retirement System (CalPERS), received more than $1.7 million in total pay and benefits in 2019, according to the latest financial disclosures obtained by Transparent California, a taxpayer watchdog group. Under Meng’s leadership the pension fund, which covers two million members in the retirement system and 1.5 million members under its health program, has been subject to federal inquiries into its investments in Chinese government entities.
Meng took the lead at the pension fund after China’s Thousand Talents Program recruited him to serve as the deputy CIO of China’s State Administration of Foreign Exchange (SAFE), a state-controlled entity. The FBI considers the Thousand Talents Program an example of “China’s non-traditional espionage against the United States” that seeks to recruit people to transfer U.S. trade secrets and taxpayer-funded research into the hands of the Chinese government. Meng told the propaganda outlet People’s Daily that he worked for SAFE out of patriotic commitment to “the motherland.”
Neither CalPERS nor Governor Gavin Newsom’s (D.) office responded to requests for comment.
Robert Fellner, the executive director of Transparent California, blasted CalPERS for failing to conduct appropriate oversight for such a high-profile position, pointing to Meng’s August resignation.
“One would think that the state’s highest-paid employee earned his position after rigorous scrutiny revealed him to be the best candidate for the job,” Fellner said. “If such recklessness is prevalent in a decision of this size and magnitude, how can Californians have any faith that their tax dollars are being spent responsibly in all those areas that evade public scrutiny?”
Meng resigned after the financial news blog Naked Capitalism reported that he may have committed a felony by failing to disclose his sale of 21 securities in 2019. Some of the undisclosed sales involved shares in Chinese companies. The site also argued that Meng’s investments in Blackstone Group and other private equity groups presented a conflict of interest, since experts at CalPERS had advocated offloading investments in the firms—a move that would hurt Meng’s personal portfolio.
Meng’s China ties attracted federal scrutiny. In February, the Trump administration confirmed that it was “looking at” CalPERS’s investment in Chinese defense and state-owned companies to find out whether American taxpayer money was being used to subsidize China’s military expansion. Rep. Jim Banks (R., Ind.), a leading China hawk on Capitol Hill, told the Washington Free Beacon that California owes taxpayers an explanation for how Meng was able to go directly from working for a Chinese entity to being the state’s top earner.
ADVERTISING“Californians not only had to see their hard-earned tax dollars go towards the buildup of our most dangerous adversary’s military, they had to pay the guy responsible more than any other public official in their state,” Banks said. “That’s a raw deal.”
Meng’s $1.7 million compensation—comprising $1.5 million in pay and roughly $200,000 in benefits—far exceeds that of his predecessor, Theodore Eliopoulos, whom Meng replaced in January 2019. Eliopoulos made just shy of $1 million in total compensation in all of 2018. Meng’s 2019 salary also far exceeded that of the second-most compensated California state employee, who made less than $1.3 million.
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The chicoms have owned the Dems for 30 years. I recall a photo of al gore palling around with a female chicom who was head of chicom intelligence and blow j clinton selling the chicoms missle technology. Then there’s feinstein’s limo driver. Anyone doubt they groomed some idiot mulatto kid raised in a communist household in indonesia to get into the white house with a transvestite wife?
Great one, Felix…
I borrowed it from someone else.
Others I create to vent some of my frustration and anger …..
That’s okay, the message is solid.
And right across the Bay from Pelosi there is Swallowwell, the dim-witted John of that Chinese Mata Hari.
Cacalifornia. The home of Kakamala.
I remember it all too well. Not a whisper from the MSM or our intelligence agencies, the latter are the enablers.
No doubt!
I’d bet you could count on both hands, how many GOP representatives are Chinese corruption free.
Devin Nunes, Jim Jordan, Pam Washburn, Louie Gohmert and maybe Tom Cotton and for good measure Dan Crenshaw, and Rand Paul Who am I missing? Please don’t tell me cowardly Mike Pence. He did his part hiring globalist Marc Short as his Chief of Staff while Trump was out of the country or Rafael Cruz who craves face time and does nothing to help Trump.
he already lost his organs
In the summer of 2016, the CalPers announced they were – get this – $964.4 BILLION is arrears.
Yep. They pay out more money than they were supposed to. Why? Retirees deserve it, I guess.
The covered people include ALL municipal, county, Regional, and State employees. Teachers, clerks, Water District people, etc.
Government employees are “essential” as well as monopolies they control and where liberals are known to work and criminals in prison, illegals, refugees are another priority. Everyone but law abiding legal citizens are helped – they view them with contempt and wish they would shrivel up and die.
Reward the public sector – government jobs; punish the private sector – ‘friggin capitalist’ jobs.
Didn’t the Chinese claim that they have their people embedded into all levels of USA political positions? You know they are in calimexistan for sure as many of the communist are running that state.
Calipornia is in the Pocket of the Chinese Communist Party. Fienstien, Pelosi, Newsome and thousands more steal from their citizens and finance America’s Enemies. THIS IS NOT NEWS, FOLKS, IT IS COMMON KNOWLEDGE
Sowing Chaos in America is Comrade Alinksky’s Chinese strategy..LIBERALS OWN THIS INVASION
Does this treasonous hiring shock anyone? The Democrats and the People’s Republic are one of the same, joined at the hip or worse.
As if CA taxpayers didn’t have enough reasons to fry Newsom’s elitist lefty a**. Last week CA released a child murderer from prison and now this. Is there anyone left in that state with a functioning brain. Let me know when you find someone.
Restaurants, gyms, retail stores and other businesses are closing and closing permanently, while POS’s like this guy make more and more money on the backs of the people who are not able to earn a living anymore. Yeah, that makes a whole lot of sense. And now, we learn that this money is going to enrich Chinese defense??? Why aren’t indictments being handed down this very minute. Oh right, this is California. Just another normal day here.
“If such recklessness is prevalent in a decision of this size and
magnitude, how can Californians have any faith that their tax dollars
are being spent responsibly in all those areas that evade public
scrutiny?” Answer: we can’t. How is this any different from what went on with the Teamsters. Correction, this is far WORSE than anything the Teamsters could ever do!
Big box retail stores are allowed to remain open. I didn’t know the virus avoided them…. Small and medium sized businesses will be shut down, again. The whole idea is to destroy them and force them to be government dependent. The larger box stores will eventually be nationalized if this coup is successful. That’s what communists do! It’s a natural purging of the population. Suicides, drug over doses , abuse and divorces will go up.
Here’s one that timed her instagram suicide note to be released AFTER she committed suicide.
She was only 24 years old. She lived in Crown Heights, Brooklyn NY and jumped to her death. I have no doubt the isolation nudged her to this. Very sad…
The entire suicide note and more about her can be found at the link –
https://nypost.com/2020/12/26/womans-instagram-suicide-note-posts-days-after-she-jumped-to-her-death/
https://www.instagram.com/p/CJJu0rzLuVq/?utm_source=ig_embed
I just watched a YouTube video from some guy (German in Venice) about ‘Venice Beach is Out of Business’. Homeless in tents, and stores along the Boardwalk are closed up. Sad.
Venice beach has become, in recent years, the de facto ‘home’ for the homeless. It is overrun. The irony is, Venice has very high priced real estate, even for L.A. standards.
So many Chinese people have infiltrated the US gov’t and have been caught committing industrial espionage, stealing state secrets, spying on citizens, etc.
Americans are really too nice and gullible. You let in the Muslims and Chinese and they work to destroy you from with. I agree with Pam, it’s largely the fault of the Dem party, for being suckers.
If Biden wins the presidency, America’s decline will only get worse. Hopefully Trump can still come out on top, despite all the opposition.
It makes me sick!!!
That’s Fang Fang without the wig. Someone tell Smallwell his “girlfriend” is still here….never went back to China.
“Mo jing, mo meng”, which is Chinese for “no money, no life”. Where would Calpers be if it had no Meng?
Before putting those white-collar-criminals and murderers 6 feet under hang them 60 feet high.
To show their rotting cadavers to the public.
When WWII started we were afraid of Japanese landing in California. The Chicoms landed there unopposed twenty years ago.
Don’t be surprised if some of these California pension funds go bankrupt.
If the steal succeeds next year this Chinese scumbag will be a made a partner at Goldman Sachs.
good old Moscow McConnell ignores it all