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Riverside County Grand Jury Exposes Fraud and Deceit In CFD Bonds
The 2018/2019 Riverside County Grand Jury has released a Report titled: “Community Facilities District Bond Funding in Riverside County Perpetual Debt Under CFD and Service Area Taxes.” CFD Bond Fraud is rampant throughout Riverside County, but nowhere are the Mello Roos State Laws more violated than in the City of Beaumont.
Former Beaumont Officials Guilty in Corruption Case – Admit Engaging in Fraud
Four former Beaumont officials accused of corruption pleaded guilty Tuesday, Dec. 19, to charges including embezzlement, misappropriation of public funds and conflict of interest, and agreed to pay a total of $8.1 million in restitution.
Latest News
Beaumont’s Bond Debt Now Recorded at $442,690,257 by Treasurer
Because of the Bonds’ Structure the State and Feds are Recording Beaumont Debt as Twice the Amount listed on each Bond. The California State Treasurer’s Office website, Debt Watch, used to record Beau … more
SF-04059 Beaumont Failure to Disclose SEC Compliance Report
The actual Report produced by the out of State Law Firm must be released to the Public and uploaded onto EMMA. The S.E.C. Issued a Cease and Desist Order requiring the City of Beaumont to properly acc … more
Utility Partners Complaint to Board of Professional Engineers
Since 2010 Utility Partners has listed addresses in five (5) different States. Over $100 Million has been funneled out of Beaumont’s Sewer Plant through shell companies for 1/4 century. Urban Logic Co … more
Brian Knoll Complaint to Board of Professional Engineers
No person, firm, or subsidiary who has been awarded a Consulting Services contract may Submit a Bid for, nor be Awarded a Contact Brian Knoll, Vice President, Albert A Webb Associates California Civil … more
City Continues Same Illegal Bond and Construction Scam
City submitted 2 Bond Requisitions directing the Payment to Pardee Homes, then Paid $602,469.23 from Check Warrants w/o Council Approval On January 12, 2018, Pardee Homes sent a letter to the City of … more
Muddy Buddies
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$9.5 Million paid to Beaumont’s ‘New’ Bond Lawyers & Consultants
Stradling Yocca has been paid $2.9 Million to be Beaumont’s ‘Bond Counsel’. Is this money coming from the CFD ‘Services Tax’ ? Beaumont City Manager Todd Parton’s Staff Report lists the cost to comply … more
Pumpkin Banana Loaf
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Beaumont Releases an Obviously Doctored SEC Report
No Letterhead, No Signature, and it’s $3 Million too Late for Webb and Associates to ‘Work for Free’. The Securities and Exchange Cease and Desist Order Issued August 23, 2017, required the City to pr … more
Earl Grey Cookies
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