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Securities and Exchange Commission v. City of Miami et al

  1. June 01, 2016

    SEC, Miami Both Push To Win $38M Bond Rating Fraud Suit

    The U.S. Securities and Exchange Commission sought a quick win Wednesday in Florida federal court on its claims the city of Miami and its former budget director wrongly transferred $38 million to get favorable rates on bond offerings, but the defendants countered that the case should be tossed for lack of admissible evidence.

  2. August 19, 2015

    Ex-Miami Official Says Defenses Should Remain In SEC Suit

    Miami's former budget director asked a court on Tuesday not to get rid of his affirmative defenses to a Florida federal case in which the U.S. Securities and Exchange Commission alleges he and the city wrongly transferred $38 million from a capital-projects fund to a general fund to prop up ratings on its bond offerings.

  3. August 10, 2015

    SEC Slams Miami's, Ex-Official's Fraud Defenses

    The U.S. Securities and Exchange Commission asked a Florida federal court Friday to strike Miami's and its former budget director's defenses as vague, irrelevant and frivolous, in a fraud case the agency filed against them in 2013.

  4. August 04, 2015

    Judge Reopens SEC Fraud Case Against Miami Official

    A Florida federal judge on Tuesday reopened the U.S. Securities and Exchange Commission's fraud suit against a former Miami budget director after the U.S. Supreme Court refused to take up his request for qualified immunity.

  5. January 28, 2014

    Ex-Miami Budget Director Appeals SEC's Fraud Suit

    The city of Miami's former budget director on Monday said he is appealing an order denying his motion to dismiss the U.S. Securities and Exchange Commission's fraud suit alleging he attempted to hide the city's deteriorating financial health by making multimillion-dollar transfers.

  6. October 08, 2013

    Ex-Miami Budget Director Says SEC Wrongly Targeting Him

    The city of Miami's former budget director on Monday said the U.S. Securities and Exchange Commission's fraud suit alleging that he attempted to hide the city's deteriorating financial health by making multimillion-dollar transfers was improper because his actions were all approved by higher-ranking city officials.

  7. July 19, 2013

    Miami Hit With SEC Suit Over Bond Offerings Fraud

    The U.S. Securities and Exchange Commission launched suit in Florida federal court Friday accusing the city of Miami of fraudulently making multimillion-dollar budget transfers and bond offerings that misled investors about the city's deteriorating financial health.