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State launches probe into Bell's handling of bond issues

Oct 29, 2010 3:00:00 AM - latimes.com
It's the first time in memory the Department of Corporations has opened an inquiry into municipal bond sales without having received a complaint. The agency could provide evidence of criminal wrongdoing to the D.A.

The state Department of Corporations has launched an investigation into the way Bell handled bond issues over the last decade, marking the sixth outside probe into the troubled city's finances.

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