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The enforcement of the secret trust as a response to perceived fraud also opens the door to a further form of deceit, whereby the trustee funnels the trust monies to the wrong beneficiary.
Orr was one of several players who filed a formal complaint of legal misconduct against Eagleson with the Law Society of Upper Canada over Eagleson's lending of trust monies without the consent or knowledge of his clients.
In order to avoid briefing US Secretary of the Treasury Henry Morgenthau Jr. on the project, a special account not subject to the usual auditing and controls was used to hold Trust monies.
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"I have no difficulty with a relatively small, segmented portion of the Social Security trust fund monies being put into equities," he said, according to a transcript of the tape.
I have no difficulty with a relatively small, segmented portion of the Social Security trust fund monies being put into equities, and we should put them in, in the same way that we put those types of resources into teachers' funds and other public agencies".
So a second and immediate move must be to ensure that voters can trust that new monies voted to the health services would be fully used for their health and social care needs and not diverted to other political pet projects".
Wouldn't it have been better if all the money I've paid into pensions over the decades had gone to a not-for-profit organisation I could trust that invested those monies in things like hospitals, schools, railways and the rest of Britain's infrastructure?
The 7.65% Solution has several other intriguing aspects, including the setting up of a genuine Social Security trust fund that could invest monies in corporate bonds.
Year after year, every proposed budget, except for the CPC's, reinforces the harmful myth that the people's pension monies – the Social Security trust funds — are not being properly managed.
We've got to do a better job of getting a rate of return on the monies in the Social Security trust.
Charlie Wood, one of the co-founders of Underbelly, suggested a voluntary tourist levy should be instigated, but made it quite clear that if this was to happen the proceeds should not go to Edinburgh City Council but an independent trust that would then distribute the monies raised.
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CEO of Professional Science Editing for Scientists @ prosciediting.com