Los Angeles, CA . A new 9 minute video blog to be released on Monday, July 18 th , 2005 on the Internet website www.fulldisclosure.net reveals the enormous financial clout wielded by the Los Angeles Unified School District and how that clout was used to manipulate the IRS, fending off penalties for violations of Internal Revenue Codes for illegal use of tax-exempt bonds.
The Full Disclosure Network™ discovered a series of letters sent by the Internal Revenue Service to the LAUSD in 2001 and 2002 regarding the illegal use of $92 million in non-voter approved, tax-exempt bonds, known as Certificates of Participation (COPs), issued in 1997 to build the controversial Belmont Learning Center. The school project has cost to date $330 million, has never been occupied and was partially demolished in December 2004. Reconstruction plans are underway.
The first IRS letter dated 2001 cited the school district for violations. The second letter dated 2002 addressed serious penalties to apply for “a deliberate attempt to provide misleading valuations and statements that could be considered in addressing any issuer liability for IRC penalties.” A third letter in 2002, reversed the first two letters, subject to further reporting.
Featured on this 9 minute video blog are:
Anthony Patchett, former head of the DA's Belmont Task Force explains how influential lawyers employed by LAUSD have the ability to sway even the most powerful federal agencies.
Dominick Shambra: Director of Planning & Development for LAUSD Belmont project describes the IRS correspondence with the LAUSD.
David Cartwright, Sr. Partner, O'Melveny & Myers, outside legal counsel to LAUSD claims the IRS found no wrong doing in the Belmont project.
Edwin Meese, III former U. S. Attorney General defines large conglomerate law firms and impact on government and public policies.
Since December 2004, the Full Disclosure Network™ has produced and distributed over 14 hours of interviews with the key players in the LAUSD Belmont Learning Center scandal. In 2002 a Special Series entitled “ L.A.'s War Against Terrorism” received an Emmy Award for Public Affairs and Informational programming from the Academy of Television Arts and Sciences.
Most people miss the fact that Hispanics do not consist of a single ethnic group. Besides that, the heritage that each one of the many nationalities represented in our immigrant population is diverse in itself. As I read Manuel Muñoz's post on his assimilation experience, I can tell you mine was nothing like his. But I can relate to this paragraph. My niece's name is Katie Belle (Sierra). It's intriguing to watch "American" names begin to dominate among my nieces and nephews and second cousins, as well as with the children of my hometown friends. I am not surprised to meet 5-year-old Brandon or Kaitlyn. Hardly anyone questions the incongruity of matching these names with last names like Trujillo or Zepeda. The English-only way of life partly explains the quiet erasure of cultural difference that assimilation has attempted to accomplish. A name like Kaitlyn Zepeda doesn't completely obscure her ethnicity, but the half-step of her nam…