Hundreds fail to report bond-firm meals
http://www.utsandiego.com/news/2014/oct/06/stone-youngberg-poway-meals-statewide-probe/
Statewide investigation started in Poway, nabbed 260 officials
Hundreds fail to report bond-firm meals
Ricky Young and Jeff McDonald
2:52 p.m.Oct. 6, 2014
California regulators have cracked down on hundreds of public officials up and down the state who accepted meals, baseball tickets, brownies and other gifts from a bond-finance company and failed to disclose them.
The dinners and other considerations came from Stone & Youngberg, a Bay Area firm that was paid $62.7 million in the past four years for issuing $10.4 billion of public bonds in California.
Many of the agencies issuing the bonds were the ones whose leaders received the meals and failed to disclose them as required by law.
The eight-month investigation by the California Fair Political Practices Commission resulted in more than $18,000 in fines, appearing on a meeting agenda posted today for formal approval next week. The probe began earlier this year in response to a U-T Watchdog report about Poway school officials who repeatedly accepted gifts from the firm and failed to disclose them for years.