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California orders audit of Montebello finances

Apr 21, 2011 8:24:41 PM- latimes.com
Controller John Chiang says there is evidence that the working-class city east of downtown L.A. has produced years of false financial reports. The city could go broke later this year.

The state controller took the rare step of launching an audit of the struggling city of Montebello, saying there is evidence the city produced false financial reports dating back several years.

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