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Audit says public funds paid off ex-Bell city manager's loans

Sep 20, 2010 10:19:00 PM - latimes.com
Draft report alleges that $95,000 in city money was put in Robert Rizzo's retirement accounts to repay loans he had made to himself. An expert says the allegations could amount to federal wire fraud.

Apparently acting without City Council approval, Bell spent nearly $95,000 to repay loans that then-City Manager Robert Rizzo made to him self from his retirement accounts, a draft state audit reviewed by The Times shows.

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