Article: Financial Products and Services Firm, Two Executives and One Former Executive Indicted for Roles in Conspiracies Involving Proceeds of Municipal Bonds.

A Beverly Hills, Calif.-based financial products and services firm, two of its executives and one former executive were indicted today for their participation in bid-rigging and fraud conspiracies related to contracts for the investment of municipal bond proceeds and other related municipal finance contracts, the Department of Justice announced. Today's charges are the first to be filed in the Department's ongoing antitrust investigation into the municipal bonds industry.

The nine-count indictment was filed today in the U.S. District Court for the Southern District of New York in Manhattan. The indictment charges Rubin/Chambers, Dunhill Insurance Services Inc., ...

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