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Article: Justice department files suit against San Francisco firm for falsifying bids.(Municipal Government Investment Associates Inc.; Tampa, Florida, bond bids)
- Article from:
- The Bond Buyer
- Article date:
- September 29, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In the first case of its kind, the Justice Department has filed securities fraud charges against a San Francisco-based securities dealer for falsifying bids and making other misrepresentations during the restructuring of two municipal bond escrow accounts for the city of Tampa, Fla.
The securities fraud charges were part of a settlement agreement that the Justice Department reached with the broker-dealer, Municipal Government Investment Associates Inc., in a case that was filed in the U.S. District Court for the Northern District of California in San Francisco.
MGIA pleaded guilty to one count of securities fraud and one count of mail fraud and has agreed to ...