Bernie Madoff.
It's a name now often bandied about when talking about the failing Dallas Police and Fire Pension fund.
"The reality of it is that it was a Bernie Madoff type scheme," says Lee Kleinman, a city council member and former pension board trustee.
The city has agreed to put in an additional billion dollars over 30 years, but they're proposing a series of bitter pills to make up the rest of the nearly $4 billion shortfall.
The bitterest pill: A proposal to take back all of the interest police and firefighters earned on Deferred Option Retirement accounts, or DROP. That would amount to an additional billion dollars saved.
The city is calling it an "equity adjustment." Retirees call it an illegal "claw back."
"We're looking at it as a prepayment of their future pension that is something above and beyond what the other cities were paying," outgoing City Manager A.C. Gonzalez said Thursday.