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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 ...
He was the federal court-appointed attorney that represented 170-plus municipal entities [1] with investments of over $5 billion in the Orange County, California, Chapter 9 bankruptcy. [2] On December 6, 1994, the County of Orange declared Chapter 9 bankruptcy, from which it emerged in June 1995.
Filed for bankruptcy, Chapter 11. [6] 2004, Sep: Tucson, AZ: $22.2 million: 50 (over) Filed for Chapter 11 bankruptcy, after reaching an agreement with its victims [7] 2004, Dec: Spokane, WA: $48 million (at least) Filed for bankruptcy, payment was a part (has to be approved by judge and victims) [8] 2005, Jan 3: Orange, CA: 30 priests, 2 nuns ...
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 ...
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 ...
The Ventura County Board of Supervisors adopted California Government Code 27000.7, which places certain financial educational requirements on county tax treasurers, a safeguard enacted into state law after the 1994 Orange County Bankruptcy, which led to a loss of $1.7 billion.