Governor Rick Snyder’s economic “team” was one of several contractors who pumped millions into ex-Mayor Kwame Kilpatrick’s alleged criminal enterprise. Although the government hid the companies’ identities in the indictment, public records and interviews helped put names to aliases. The list of companies includes deep-pocketed donors and powerful executives. Hmmm… maybe that’s why the governor chose to abolish the “Nerd Fund” rather than to expose his donors?
The companies involved are going to be needed by the FBI and the U.S. Attorney’s Office to help prosecute the case. “It’s always hard to say whether the payer of a bribe is culpable or a victim of the crime,” said Peter Henning, a law professor at Wayne State University and former federal prosecutor.
“Sometimes that’s hard to distinguish.” So far, most executives linked to the corruption probe have escaped indictment. Some witnesses were granted immunity and others are victims, U.S. Attorney Barbara McQuade said.
Among the contractors who were allegedly extorted to retain Bobby Ferguson as a subcontractor include Walbridge, a general contractor headed by John Rakolta Jr., a longtime area powerbroker who was recently named to the Michigan Economic Development Corp. (MEDC) by Snyder. Wayne County and its Building Authority has filed a law suit seeking to recover $154 million from 3 jail contractors including John Rakolta’s Walbridge.
John Rakolta’s film studio, Raleigh Film Studios in Pontiac was awarded taxpayer funded subsidies when this studio defaulted on it’s bond payments the taxpayers of Michigan are now on the hook for making those missed payments through the under funded state pension fund. These subsides were awarded through the “failed” MEDC prior to Rakolta being appointed to the MEDC board. Can you say conflict of interest?
As of Sept. 30, 2010, the Michigan Public School Employees’ Retirement System and the Michigan State Employees’ Retirement System were unfunded by $21.7 billion.
The “secrecy” and back-door “deals” are very suspect to say the least surrounding politicians, government, and businessmen and looks to be a scheme (scam) bilking the taxpayers of Michigan out of millions of tax dollars all for political and financial gains. Let’s just hope and pray that U.S. Attorney Barbara McQuade and her “team” continue looking down this rabbit hole of corruption and bring those businessmen and politicians to justice.
http://www.detroitnews.com/article/20101217/METRO/12170403&template=artiphone
Additional Sources:
http://www.crainsdetroit.com/article/20131031/NEWS/131039973/wayne-county-files-suit-seeks-to-recover-154-million-from-3-jail
Bob Ficano, John Rakolta And The Big Jail Problem
http://www.deadlinedetroit.com/articles/5094/bob_ficano_john_rakolta_and_the_big_jail_problem
Feds’ subpoenas target Wayne County business dealings
http://www.freep.com/article/20111117/NEWS02/111170499/Feds-subpoenas-target-Wayne-County-business-dealings
Wayne County Executive Bob Ficano replaces top officials (Romney related)
http://www.freerepublic.com/focus/f-news/2805204/posts
So, what was Schuette’s cut?
http://rightmi.com/old/www.rightmichigan.com/story/2013/11/4/113017/236.html
Suspicions sometimes followed after Kilpatrick, Ficano dealings along with John Rakolta
http://www.crainsdetroit.com/article/20120909/FREE/309099962/suspicions-sometimes-followed-after-kilpatrick-ficano-dealings
John Rakolta allegedly through media reports donated $10,000.00 to Democrat Bob Ficano’s campaign war chest only to receive the contract for the new Wayne County jail project.
http://bainreport.wordpress.com/2013/11/24/welcome-to-michigans-world-of-the-political-illusion/
Public Employee Pension Systems Raided To Pay Film Studio Bills
http://www.michigancapitolconfidential.com/18384
Michigan-Subsidized Film Studio Fails; State Pension Fund Had Guaranteed Loan
http://taxfoundation.org/blog/michigan-subsidized-film-studio-fails-state-pension-fund-had-guaranteed-loan
House Cuts $25M State Film Subsidies in Proposed Budget – Not So Fast Say’s Richardville
https://bainreport.wordpress.com/2013/04/26/house-cuts-25m-state-film-subsidies-in-proposed-budget-not-so-fast-says-richardville/
Report: State pension funds bankroll Pontiac studio; taxpayers lose on films
http://www.theoaklandpress.com/general-news/20130308/report-state-pension-funds-bankroll-pontiac-studio-taxpayers-lose-on-films
Michigan Pensions Cover Missed Bond Payment for Film Studio
http://news.heartland.org/newspaper-article/2012/02/02/michigan-pensions-cover-missed-bond-payment-film-studio
