---
[ LOS ANGELES ](https://ded2209.inmotionhosting.com/~citywa9/los-angeles)
# Donald Trump’s Bankster Friends Want to Sell Crenshaw Mall to Outsiders Using Public Pension Funds
September 28 2020
Written by Crenshaw Subway Coalition.
[](https://www.addtoany.com/share)
**SPECIAL REPORT--Mob-like intimidation tactics** deployed against our community leaders, using Black and Brown people's retirement dollars to cut **backroom deals** that harm Black and Brown communities, and **bringing in corrupt Black developers** and telling bold-faced lies in an attempt to divide the community:
this is heavy, and we have just started to scratch the surface. We'll continue to update this page as we uncover more about this corrupt process and the fight for the community.
An terrible trio of corrupt actors are colluding in an attempt to thwart the community-driven effort to purchase the Crenshaw Mall: public employee pension funds, Trump's "bankster" friends and corrupt developer Ken Lombard.
The sale of the mall is being overseen by its investors, which are public pension funds, including **Los Angeles County Employee Retirement Association (LACERA), UC Board of Regents, New York City Employees Retirement System and the Teacher Retirement System of Texas**. They make up the Advisory Committee that [Donald Trump's](https://markets.businessinsider.com/news/stocks/biggest-bombshells-trump-deutsche-bank-lending-new-york-times-report-2020-2-1028908722) corrupt [bankster](https://www.barrons.com/articles/how-deutsche-bank-helped-finance-donald-trump-political-rise-51582050221) friends at Deutsche Bank's DWS reports to on the sale of the mall. Deutsche Bank is where ["you're liable to to be found dead if you know too much."](https://lawsintexas.com/donald-trump-jared-kushner-and-a-german-bank-where-youre-liable-to-be-found-dead-if-you-know-too-much/) *(A "banksters" is a cross between bankers and gangsters.)*
The leader of the pension funds is the local pension board in the deal: LACERA. The ring leader at LACERA on the deal is their Principal Investment Officer **John McClelland** (more about him below).
John McClelland has been working with Donald Trump's corrupt bankster friends Deutsche Bank to sell the mall to gentrifiers. LACERA transferred asset management responsibilities to Deutsche Bank's subsidiary DWS in early 2019, with among other responsibilities selling the mall.
How and why LACERA would vote to give control of the Crenshaw mall to **Deutsche Bank** who, among many claims to fame, **engaged in illegal predatory lending that stole Black homes** forcing them into a $4 billion settlement with Obama's Justice Department to aid distressed homeowners [that they have simply refused to pay](https://www.americanbanker.com/news/deutsche-bank-the-doj-and-how-4b-in-aid-to-distressed-homeowners-evaporated) is something that demands explanation from McClelland and LACERA's board. Deutsche Bank is regarded as one of if not the most corrupt bank on the planet.
Deutsche Bank's DWS has already failed to sell the mall twice to gentrifiers: first to the Hackman Capital Partners-DJM partnership in early 2020 and then to Trump's buddies at CIM Group, who were forced out because of [the Black community voice](https://www.downtowncrenshaw.com/cim-group-backs-away-from-crenshaw-mall) in June.
With two failed attempts to sell the Crenshaw mall to non-Black developers who want to gentrify our community, **Deutsche Bank's DWS and LACERA decided they'd bring some "Black cover"** to help do the Black community wrong. So they brought in one of their buddies, corrupt Black developer **Ken Lombard**, who failed at the mall and failed across the street at its blighted neighbor Marlton Square. (More about Ken Lombard and his son below).
This terrible trio is breaking all standard business practices, LACERA is violating their fiduciary responsibility to their members, and they have engaged in a secretive backdoor process to enrich their developer friends and Ken Lombard at the expense of the public. *(Who are the characters involved in this attack on the black community?* [*Read the rest*](https://www.crenshawsubway.org/donald_trump_banksters_at_deutsche_bank_pension_funds_lombard%20])*[.)](https://www.crenshawsubway.org/donald_trump_banksters_at_deutsche_bank_pension_funds_lombard%20])*
-cw
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/115 "Brian Goldsmith Vertical R. Col")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/107 "LA DWP | Save $4K, Green | Priority Ad")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/114 "McKinney Campaign")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/82 "LA DWP #2 (Power Savers)")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/98 "Donna Tryfman - HS1-1")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/97 "Home - LA DWP #2 (Pay Water Bill Help)")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/111 "David DeJute Campaign")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/112 "Anna Reitano Vertical R. Col")
## Get The News In Your Email Inbox Mondays & Thursdays
Name
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/113 "Rhonda Haymon campaign")
[  ](https://ded2209.inmotionhosting.com/~citywa9/component/banners/click/110 "Something You Should Know")
---
## Featured CityWatch Stories
[  ](https://ded2209.inmotionhosting.com/~citywa9/election-2024/33624-prosecutor-democrat-city-attorney-mckinney-makes-his-case-to-los-angeles-voters)
### [Prosecutor, Democrat, City Attorney? McKinney Makes His Case to Los Angeles Voters](https://ded2209.inmotionhosting.com/~citywa9/election-2024/33624-prosecutor-democrat-city-attorney-mckinney-makes-his-case-to-los-angeles-voters)
ELECTION 2026 - The race for LA City Attorney has been laced with political accusations and allegations that when close…
[  ](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33544-the-la-watchdogs-2026-voters-guide-2)
### [The LA Watchdog’s 2026 Voter Guide](https://ded2209.inmotionhosting.com/~citywa9/la-watchdog/33544-the-la-watchdogs-2026-voters-guide-2)
LA WATCHDOG - My recommendations are influenced by the need for truly balanced budgets, fiscal responsibility, long ter…
[  ](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33626-the-fools-blame-game)
### [The Fools’ Blame Game](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33626-the-fools-blame-game)
THE VIEW FROM HERE - Angelenos do not use elections to plot a wiser course of conduct for Los Angeles, but rather they…
[  ](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33619-california-film-tax-credits-arent-enough-the-guilds-need-to-change-too)
### [California Film Tax Credits Aren’t Enough. The Guilds Need to Change Too.](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33619-california-film-tax-credits-arent-enough-the-guilds-need-to-change-too)
LONNIE’S VIEW - California used to be the center of the movie and television universe. If you wanted to make movies, yo…
[  ](https://ded2209.inmotionhosting.com/~citywa9/voices/33648-heres-what-zionisms-got-to-do-with-it)
### [Here’s What Zionism’s Got To Do With It](https://ded2209.inmotionhosting.com/~citywa9/voices/33648-heres-what-zionisms-got-to-do-with-it)
ICAN - The anonymous website “BHUSD Watch” recently published a long, detailed article about the current BHUSD board an…
---
## [ LOS ANGELES ](https://ded2209.inmotionhosting.com/~citywa9/los-angeles)
[  ](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33637-getting-housing-projects-through-los-angeles-permitting-and-land-use-approvals)### [Getting Housing Projects Through Los Angeles Permitting and Land-Use Approvals](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33637-getting-housing-projects-through-los-angeles-permitting-and-land-use-approvals)
### [JAY on LA 10-28-26](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33630-jay-on-la-10-28-26)
### [JAY ON LA for 10-26-26](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33629-jay-on-la-for-10-26-26)
[  ](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33616-from-dreams-to-careers-pasadena-summit-opens-doors-for-la-county-youth)### [From Dreams to Careers: Pasadena Summit Opens Doors for LA County Youth](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33616-from-dreams-to-careers-pasadena-summit-opens-doors-for-la-county-youth)
[  ](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33593-pricing-angelenos-out-of-their-own-city-the-great-appeal-fee-heist)### [Pricing Angelenos Out of Their Own City: The Great Appeal Fee Heist](https://ded2209.inmotionhosting.com/~citywa9/los-angeles/33593-pricing-angelenos-out-of-their-own-city-the-great-appeal-fee-heist)