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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.
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Laws Governing Collateralized Mortgage Obligations
By: Libi Uremovic | Original Article at patch.com California Debt and Investment Advisory Commission From State Treasurer’s Office: http://www.treasurer.ca.gov/cdiac/seminars/2014/20140312/day1/3a.pdf … more
Beaumont 2013-2014 Utility Authority Audit
By: Libi Uremovic | Original Article at patch.com Beaumont Utility Authority Audit Fiscal Year 2013-2014 On February 27th Beaumont released their Audits for Fiscal Year 2014. The Audits are dated Janu … more
CFD Workshop: What Did We Learn?
By: Libi Uremovic | Original Article at patch.com The Workshop consisted of more Developers than Citizens. And the bond Profiteers Finance Consultant Rod Gun, Bond Counsel McFarlin & Anderson, and … more
Beaumont Plans 2,528 More Sewer Connections
1,500 connections are in Calimesa’s City Limits and 600 are in Cherry Valley. By: Libi Uremovic| Original Article at Patch.com Attached is a map showing that the City of Beaumont is planning 2,528 mor … more
Beaumont Needs another $315 Million To Build Infrastructure, but Fire Stations are NOT on the List
By: Libi Uremovic | Original Article at patch.com What Needs To Be Built The purpose of Beaumont’s CFD Workshop is to sell the idea of more bond debt. The City’s ‘What Needs To Be Built’ page lists th … more
CFD Workshop What Needs to be Built – Fire Stations are NOT on the List
Beaumont Needs another $315 Million To Build Infrastructure, but Fire Stations are NOT on the List By: Libi Uremovic| Original Article at Patch.com What Needs To Be Built The purpose of Beaumont’s CFD … more
CFD Workshop Overview – Beaumont Plans to Sell Bonds Like It’s 1993 Again
By: Libi Uremovic| Original Article at Patch.com Overview What is Beaumont’s CFD? Part of Beaumont’s Comprehensive Public Infrastructure Development Program Area Benefit District and Mitigation Fees R … more
Treasurer’s Office Targets Bond Corruption
Reprinted from the State Treasurer’s Website Treasurer Chiang and Senate Leader Kevin de León Announce Oversight Hearings into Bond Funds Chiang Also Appoints Special Task Force to Design Guidelines t … more
Treasurer’s Office Targets Bond Corruption
Reprinted from the State Treasurer’s Website By: Libi Uremovic| Original Article at Patch.com Treasurer Chiang and Senate Leader Kevin de León Announce Oversight Hearings into Bond Funds Chiang Also A … more
Agenda 7.c Refinancing 2005 Series B Bond
Another Lien and Additional 10 Years of Debt So Beaumont Staff Can Profit From Bond Sales. By: Libi Uremovic| Original Article at Patch.com On Tuesday’s Beaumont City Council Agenda is Item 7.c: Refin … more