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IRS investigates $419-million Vernon bond deal

Aug 29, 2011 12:08:00 AM - latimes.com
Vernon's issuance of $419 million in tax-exempt bonds is being audited by the IRS — the third major investigation in a year for the troubled city in Los Angeles County.

The Internal Revenue Service is auditing more than $400 million in tax-exempt bonds issued by the city of Vernon in 2009, marking the third major investigation of the troubled city in the past year.

USA, California: (Latest Stories)