Government
May 1, 2013
SEC files charges over Victorville city bonds
The Securities and Exchange Commission filed charges Monday against the city of Victorville, an investment banking firm and others who allegedly defrauded bondholders by inflating the value of property in order to secure a 2008 municipal bond offering.
Daily Journal Staff Writer
The Securities and Exchange Commission filed charges Monday against the city of Victorville, an investment banking firm and others who allegedly defrauded bondholders by inflating the value of property in order to secure a 2008 municipal bond offering.
The case joins a handful of other SEC lawsuits against municipalities, which have been under greater scrutiny by the commission in recent years. As part...
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