May 2, 2011 (La Mesa) – William S. Lerach has spent his career heading up prosecutions of some of Wall Street’s biggest corporate crooks. He's recovered billions of dollars for defrauded shareholders from big banks, corporations, accounting firms and insurance companies. After his most notable success—recovering $7.2 billion for defrauded shareholders of Enron—he appeared in the Oscar-nominated documentary, “Enron, the Smartest Guys in the Room.”
A frequent commentator on economic matters as well as securities and corporate law, Lerach now makes a chilling prediction: that America’s public and private pension funds are poised to fail. The new financial crisis will threaten the financial security of retirees due to the actions of Wall Street, he warns.