The Enron-by-the-Sea File

How San Diego bankrupted its pension, defrauded its bondholders, and rebuilt its government around the wreckage (1996-2010)

The prologue era of the "How We Got Here" arc, now wired from the public record: the MP-1 (1996) and MP-2 (2002) pension-underfunding deals that left a ~$1.4B deficit; the SEC's 2006 securities-fraud finding and 2008-2010 charges against five officials; the $20.3M Kroll report that compared San Diego to Enron; the Strippergate (Operation G-Sting) bribery of three council members; Randy "Duke" Cunningham's $2.4M congressional bribery; and the strong-mayor charter change (Prop F 2004 / Prop D 2010) that business money carried out of the wreckage.