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: Legal Pad | LASEC suit against San Diego officials is a warning to other local governments
By Jason Siegel
The U.S. Securities and Exchange Commission's lawsuit against five former San Diego officials is the first time the commission has sought civil penalties, possible $240,000 each, against municipal employees, KPBS reported. (LISTEN)
The suit, over the officials role in understating the city's pension debt to bond investors, is a warning to other local governments that officials public wealth can be on the line, American Governmental Financial Services president Robert Doty told KPBS.
Full post as published by Legal Pad | LA on April 16, 2008 (boomark / email).
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