#pensiongate SEC Complaint Against San Jose Mayor Reed Filed
The time for the Mayor to come clean has arrived. This afternoon a federal complaint was filed with the Securities and Exchange Commission (SEC) alleging that the Mayor and other city officials failed to disclose to potential investors the $650 million pension projections they claimed to be true. Either the mayor can come clean to a federal government that he misled potential investors or he can come clean and admit he mislead the public on his pension projections. Either way, he must be held accountable.