Montebello blows $31 million and now broke.
Ignoring the law, the City of Montebello spends restricted money on anything they want.
After the State Controller audit, they have found they're broke. They're trying to get a loan so they don't run out of cash in the fall.
After the State Controller audit, they have found they're broke. They're trying to get a loan so they don't run out of cash in the fall.
Labels: audit, auditors, financial fraud, forensic accounting, fraud, Montebello, non-profit, non-profit fraud
posted by Kim J. Onisko MA, CPA, ABV, CFF, Cr.FA at
1:13 PM
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