LMUD WARD 1 DIRECTOR
LMUD Director Fred Nagel has supported overcharging customers a million dollars a year & has hoarded over $9,000,000 in "Unrestricted funds"
De ja vu: In 2001, LMUD accumulated over $8,000,000 in unrestricted funds and then allegedly speculated in the Market and lost $8.7 million dollars. This loss was never investigated.
To avoid bankruptcy the LMUD proposed a 162% rate increase. This attempt to increase the rates failed so the LMUD Board with the help of their attorney, Frank Cady, came up with the fake Arrowrock hydro scam as a smoke screen.
Subsequently, four members of the LMUD Board were recalled in June of 2002. Fred Nagel was elected to replace Ward 2 Director Giannotti. County Clerk Theresa Nagel refused to place LMUD Ward 3 Director Wayne Langston (the Nagels son-in-law) on the Recall ballot. Langston was never on any LMUD ballot and never received a single vote
On October 26, 2007, LMUD Directors Nancy Cardenas, George Sargent and Darrel Wood resigned amid the corruption, abuses and mis-conduct of Frank Cady. This left Fred Nagel and his son-in-law Wayne Langston who supported Frank Cady's actions.
The remaining Directors wanted to appoint the three new LMUD Directors but the appointments were made by the Lassen County Supervisors.
In the past nine years Fred Nagel has led this Board in scams that have cost the LMUD ratepayers literally over a million dollars.
Hayden Hill purchase
....and 17 other Nagel scams in his 14 years on the LMUD Board
LMUD Director Fred Nagel's
Eagle Lake Scams:
Fred Nagel was not happy when Kan We Help exposed his schemes
Kan We Help exposed Fred Nagels Eagle Lake Home
was taxed as a "vacant lot" for more than 25 years because he didn't ask for a final Inspection which Nagel knew would have triggered a "re-assessment" of his property taxes.
Kan We Help exposed LMUD Director Fred Nagels scheme to help the Fruit Growers change zoning to help his business at Eagle Lake
Hanky Panky with LMUD Financials
You can abandon an account, you can create a new account , but to "change" a name........causes huge problems with auditing.
People are in Federal Prison for doing just that.
In 2010, LMUD had already diverted $2,576,335 rate increases to "Unrestricted Funds". The LMUD excessive rate increases have increased this "unrestricted" account to over $9,000,000
Kan We Help has exposed many of LMUD's bad "business practices" in the past. Director Fred Nagel reports no activity on his monthly report yet he secretly gets paid for an undisclosed trip.