Life in California - yet another high-level case of corruption

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Not surprised at all - from The Washington Free Beacon:

California’s Highest-Paid Govt Employee Worked for Org Tied to Chinese Espionage
California 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.

Of course neither of them responded to requests. Stonewalling your way through life is the standard Democratic passtime. Not surprised at all.

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This page contains a single entry by DaveH published on December 1, 2020 6:37 PM.

Nothing surprising - CNN bias was the previous entry in this blog.

Section 230 gets "noticed" at the White House is the next entry in this blog.

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