June 05, 2018
Three officials of the town of Ramapo, New York, have agreed to civil fines and a permanent injunction barring them from municipal bond offerings to resolve U.S. Securities and Exchange Commission allegations they perpetrated a bond fraud, according to consent judgments filed in New York federal court Monday.
April 02, 2018
A onetime New York town supervisor fired back Friday at a bid by the U.S. Securities and Exchange Commission to use his guilty verdict in what federal prosecutors have called the first municipal bond fraud case as fodder for a win in a civil suit, telling a federal judge the parallel proceedings aren't identical.
March 01, 2018
A former New York town supervisor's guilty verdict in what federal prosecutors have christened the first municipal bond fraud case should warrant a quick win for the U.S. Securities and Exchange Commission in a related civil suit, a federal judge heard on Wednesday.
April 14, 2016
The stunning and likely first-of-their-kind arrests of two public officials over their alleged fraud in municipal bond offerings serve as a wake-up call to municipal issuers everywhere that the days of a lightly policed bond market are over.