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Robert Lafee Citron (April 14, 1925 – January 16, 2013) was the longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994. The bankruptcy was brought on by Citron's investment strategies, [ 2 ] which seemed to be an effort to earn high incomes for the county, without raising taxes ...
While employed by Arthur Anderson in 1994, Daxon was appointed as head of a delegation from the firm tasked with providing financial advice to Orange County, California, following an investment fund melt-down which resulted in the loss of at least $1.5 billion through high-risk investments in derivatives, the largest municipal bankruptcy in U.S ...
On February 19, 2020, the Diocese of Harrisburg filed for Chapter 11 bankruptcy protection after disclosing to federal bankruptcy court it has more than 200 creditors and estimated liabilities between $50 million and $100 million, with assets of less than $10 million. The Harrisburg Diocese was the first Catholic diocese in Pennsylvania to seek ...
The Orange County bankruptcy was the largest municipal bankruptcy in U.S. history. Following a tumultuous several year period of financial disclosures by the City of San Diego relating to its massively underfunded pension and retiree health care system, [ 3 ] in 2005 Shea ran for mayor of San Diego on a platform of filing a Chapter 9 bankruptcy ...
Failure to use it is viewed as the cause of the Orange County Bankruptcy, [2] [3] even though its use is considered to be one of the reasons for the Enron scandal and the eventual bankruptcy of the company, as well as the closure of the accounting firm Arthur Andersen. [4]
The Scandal:Enron Bankruptcy The players: Ken Lay, Jeffrey Skilling, Andrew Fastow. The story: Named "America's Most Innovative Company" six years in a row by Fortune magazine, Enron was a major ...
Andrew Do squeaked onto the Orange County Board of Supervisors by 43 votes in 2015, defeating a veteran politician to become the second Vietnamese American ever to serve on the board.. He did so ...
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