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Article: Nevada County, Calif., once again examined by SEC investigators. (Securities and Exchange Commission)
- Article from:
- The Bond Buyer
- Article date:
- April 16, 1996
- Author:
CopyrightCOPYRIGHT 1996 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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After several months of silence, the SEC has apparently stepped up its investigation of alleged securities fraud in connection with a failed 1990 Mello-Roos bond issue by Nevada County, Calif.
In the past few weeks, the Securities and Exchange Commission has interviewed four former county supervisors, and plans to interview a fifth next week about possible disclosure violations in the bond offering documents.
The renewed questioning comes after a four-month lull following Nevada County's rejection of an SEC settlement offer. During that time, the agency's staff attorneys on the case were inactive. The delay led some observers to believe that the SEC had ...