Report says LGC owes taxpayers $100 million | New Hampshire NEWS06
WOW, thing's are really heating up in New Hampshire! First DHHS has to pay back the Fed's $35 MIL, now the LCG owes the Taxpayer's $100 MIL. Who will get caught next? Hopefully NH DCYF will be next, fraudulently receiving federal funding! I can dream can't I!
CONCORD - The battle over whether taxpayers should get back $100 million that Local Government Center insurance operations collected is headed to administrative hearings at the Secretary of State's Office.
A report by the office's Bureau of Securities Regulation states that the LGC illegally converted its non-profit health and property insurance operations into Delaware corporations in 2003. Since that time, the report alleges LGC has engaged in a list of questionable activities. They include shifting health insurance funds into unrelated operations, running a bloated reserve fund, forcing insured towns to pay New Hampshire Municipal Association dues, and creating a generous retirement plan for its workers and administrators.
Bureau of Securities Regulation's Summary of Report on Local Government Center
Isabella Brooke Knightly and Austin Gamez-Knightly
In Memory of my Loving Husband, William F. Knightly Jr. Murdered by ILLEGAL Palliative Care at a Nashua, NH Hospital
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