Information related to two contracts awarded by the Board of Trustees’ for the San Bernardino County Employees’ Association (SBCERA) is raising red flags as to why the contracts were awarded, and what was the motivation behind the expenditures.
A well-placed reliable source within the retirement board says the contracts awarded to Orange County-based Delta Partners, LLC and the Sacramento office of lobbying firm Platinum Advisors were of questionable need and ushered through at the behest of former Treasurer-Tax Collector Richard Larsen. Larsen was a statutory member of the pension fund board during his entire tenure as the county’s elected Treasurer.