The Clark county judge Steven Jones was incarcerated in the past few weeks and even though it appeared that the case got closed and the matter was cooled down, it now appears that the federal prosecutors are trying to make sure that the judge’s public pension
is going to help pay the money owed to all of the victims that fell a prey to the investment scheme that he had started. Nevada’s PERS has revealed that Mr Jones can attain as much as 10 grand per month after he turns 60 during November of 2017. The public employees retirement system is also trying to make sure that their efforts get felt in the opposition of this move by the federal prosecutors. A report was filed by the agency issuing a formal objection intended to disregard the effort.
PERS’ objection to Jones’ public pension propaganda:
The report issued by PERS advocates the fact that the federal authorities are not legally authorized to be taking away the public pension of the former judge. They say that according to the newly formed pension state laws, they are required to get the permission of the judge in order to be able to do anything of this substance.
Assistant to US Attorney Mark Woolf gave the argument this past week that federal law dictates and allows the government to get access to a defendant’s retirement plans and benefits to make sure that the victims get compensated somehow. His statements made a lot of sense and they also managed to instigate some insurgency in Nevada PERS.
Naturally there was opposition from the other side and this matter is not going to resolve itself anytime soon by the looks of it. Whilst Jones, aged 58 is going to have to serve a 26 month long prison-stay near Bakersfield. This resulted from him getting convicted in the faulty investment scheme. He is expected to get released around April 12, 2017.
