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Political Factoid
Florida financial practices
- In 2003 the Securities and
Exchange Commission (SEC)
issued a cease-and-desist
order to the City of Miami
for financial misconduct.
- In 2008 the Miami budget
director started moving
$37.5 million among city
funds to disguise the city's
financial weaknesses from
investors looking to invest
in forthcoming 2009 bond
issues worth $153.5 million.
- In 2013 Miami was again
charged by the SEC with
similar financial misconduct.
Miami is Miami.
Fraud is fraud.
Greed corrupts.
Greed corrupts politicians.
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