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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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Beaumont CMO Bonds – High-risk Mortgage-backed Bonds
Collateralized Mortgage Obligations (CMOs) are a high-risk type of mortgage-backed bonds By: Libi Uremovic| Original Article at Patch.com Collateralized Mortgage Obligations (CMOs) are a high-risk typ … more
Bond Fund Accounts – $132,403.77 Disappeared From 2012 Series A Bond in November, 2014
By: Libi Uremovic| Original Article at Patch.com The City of Beaumont has started to post their bond fund accounts online: http://www.ci.beaumont.ca.us/index.aspx?nid=925 The Bond Fund Accounts are th … more
Beaumont Check Warrants – No Checks and $260,544 to Urban Logic Consultants
By: Libi Uremovic| Original Article at Patch.com Check Warrants for the November 17the Council Agenda can be found here: http://www.ci.beaumont.ca.us/DocumentCenter/View/23933 There are no Checks list … more
Beaumont Bank Statements are Available Online – No Fund Accounts, No Reserves
By: Libi Uremovic| Original Article at Patch.com The City of Beaumont has released the bank statements online: http://www.ci.beaumont.ca.us/index.aspx?nid=925 There are no other Accounts. There are no … more
New Public Works Contract Laws
State Now Requires All Contractors to Register and Submit Electronic Certified Payroll Records Directly to the Labor Commissioner. By: Libi Uremovic| Original Article at Patch.com Department of Indust … more
Missing Bond Fund Accounts
The City Will Have To Do It Over and Over Until They Get It Right By: Libi Uremovic| Original Article at Patch.com When municipal bonds are issued the Bond Trustee establishes Bond Fund Accounts as di … more
Comptroller of Currency Opens Case Against Union Bank
The Federal Comptroller of the Currency has Opened a Case Against Union Bank. By: Libi Uremovic| Original Article at Patch.com I received a letter dated January 22, 2015 from the Federal Comptroller o … more
Safe Yield for the Beaumont Basin is Half its Current Use
Safe Yield: 6,700 Acre Feet Per Year By: Libi Uremovic| Original Article at Patch.com The Beaumont Basin Watermaster released their Report on the Basin’s Safe Yield. The Report recommends Watermaster … more
Internal Controls 101: Check Signing
You Know Your Government Is Corrupt When The City Manager Refuses To Sign The Checks. By: Libi Uremovic| Original Article at Patch.com Internal Controls 101: Two Signatures are required for each Gover … more
On This Date: CVAN vs City of Beaumont
Discussion on Lawsuit to Stop the Legacy Highlands Project Filed on February 2, 2009 By: Libi Uremovic| Original Article at Patch.com CVAN vs City of Beaumont 02/03/2009 Six Years ago today the Cherry … more