Dec 30, 3:50 PM EST
Guilty plea in muni bond indictments
By MARK SHERMAN
Associated Press
WASHINGTON (AP) -- A politically connected financial firm and its founder pleaded guilty Friday to taking part in fraud and bid-rigging conspiracies related to the municipal bond business.
The Justice Department said CDR Financial Products Inc. of Beverly Hills, Calif., and owner David Rubin entered guilty pleas in federal court in Manhattan. The department said they acknowledged their roles in schemes designed to win contracts to invest the proceeds of municipal bonds issued by state, county and local governments.
Rubin faces up to 20 years in prison.
Two other CDR executives are scheduled to go on trial in New York next week.
Please read complete article at link below:
http://hosted.ap.org/dynamic/stories/U/US_MUNI_BONDS_PROBE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-12-30-15-50-34
Editor's note: Your ProbateShark uses this example of the selectivity of our FEDs in choosing cases to prosecute. Yes, Rubin is responsible for hundreds of millions of dollars in fraud. So are the judges and other criminals who represent the Probate Court of Cook County. These crooked judges are also responsible for hundreds of millions of dollars from legitimate heirs to the pockets of themselves and other crooks and yet nothing is done by the FEDs to curtail their criminal enterprises. Lucius Verenus, Schoolmaster, ProbateSharks.com
Saturday, December 31, 2011
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