Archive for the ‘ Southern California Logistcs Airport Authority ’ Category

VVDailyPress: SCLA expansion hinges on developing open spaces

SCLA

A worker at Southern California Logistics Airport works on an aircraft engine. (Sarah Alvarado/Daily Press)

SHEA JOHNSON
STAFF WRITER
Posted Jul. 12, 2014 @ 7:09 pm
Updated Jul 12, 2014 at 7:22 PM

VICTORVILLE — Parked airplanes dotted a wide expanse of concrete, nestled in hangars and lined up in rows in areas often mistaken for boneyards. During a recent tour of Southern California Logistics Airport, the massive logistics and industrial park seemed rather quiet while certain corners faded into the abandoned George Air Force Base housing not far away.

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VVDailyPress: SEC amends fraud complaint

Victorville

Attorneys must answer or ask to dismiss by June 5
May 27, 2014 5:46 PM
SHEA JOHNSON, STAFF WRITER

VICTORVILLE • The Securities and Exchange Commission recently amended its complaint alleging fraud in a 2008 municipal bond offering against the city, Assistant City Manager Keith Metzler and others. The SEC had to do so to comply with a federal judge’s order to show proof of earlier dismissed claims that the city and Metzler were also benefactors of ill-gotten gains.

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InlandPolitics: Aviation: Another embarassment for San Bernardino Int’l Airport

boeing_1

Sunday, April 27, 2014 – 11:00 a.m.

Officials at troubled San Bernardino International Airport (SBIA) suffered another blow last week.

This time it’s courtesy of Boeing.

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VVDailyPress: Massive records sweep in SEC case

Victorville

Investigators seek thousands more documents as defense counsel feels overencumbered
March 16, 2014 5:21 PM
Shea Johnson, Staff Writer

VICTORVILLE • Attorneys for the city and its airport authority say they have negotiated the volume of the Securities and Exchange Commission’s most recent records request down from 6 million to 366,250, but even with 10 full-time contract workers reviewing approximately 4,000 documents per day it’s unrealistic to think they could meet a proposed April deadline.

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VVDailyPress: SEC case focus shifts to ill-gotten gains

Victorville

City, SCLAA attorney says it’s a ‘waste of time’
December 18, 2013 9:50 AM
Shea Johnson, Staff Writer

LOS ANGELES • An attorney for the city of Victorville and Southern California Logistics Airport Authority called it a “waste of time” Tuesday for the Securities and Exchange Commission to argue ill-gotten gains right now in the case revolving around an allegedly fraudulent 2008 municipal bond offering.

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VVDailyPress: VV officials answer, deny SEC complaint

SCLA

SCLA alleged to have made improper money in 2008 bond offering
December 10, 2013 10:13 AM
Shea Johnson, Staff Writer

LOS ANGELES • In two separate documents filed Monday, the city of Victorville, its airport authority and Assistant City Manager Keith Metzler denied any wrongdoing in connection with an allegedly fraudulent 2008 municipal bond offering.

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VVDailyPress: Deadline extended for officials in SEC case

U.S. SEC

Judge appointed to direct mediation efforts
November 26, 2013 5:10 PM
Shea Johnson, Staff Writer

VICTORVILLE • City officials accused of defrauding investors in a 2008 municipal bond offering were recently given an extension to file their answers to the complaint.

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VVDailyPress: Judge refuses to dismiss claims against VV in SEC case

Victorville

November 19, 2013 11:03 AM
Shea Johnson, Staff Writer

Arguments made to dismiss SEC case in U.S. District Court

LOS ANGELES • The Securities and Exchange Commission’s case will move forward against Victorville city officials accused of defrauding investors in a 2008 municipal bond offering, although a judge said there isn’t any proof right now that they made improper money from it.

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VVdailyPress: Arguments made to dismiss SEC case in U.S. District Court

Victorville

October 29, 2013 7:44 PM
Shea Johnson, Staff Writer

LOS ANGELES • A U.S. District Court judge will decide whether to dismiss claims by the Securities and Exchange Commission alleging that certain Victorville officials engaged in investor fraud by inflating the value of four Southern California Logistics Airport hangars.

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VVDailyPress: Judge moves hearing date for lawsuit defendants

Victorville

September 24, 2013 10:57 AM
Jim E. Winburn, Staff Writer

VICTORVILLE • A case in which the U.S. Securities and Exchange Commission has accused the city of Victorville with investment fraud has been pushed back by a federal judge.

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VVDailyPress: Defendants rebuff feds in dismissal of SEC lawsuit

Victorville

September 01, 2013 10:42 PM
JIM E. WINBURN

VICTORVILLE • The city, airport authority, and a city official on Friday filed separate replies in support of their motions to dismiss federal claims for relief over alleged investor fraud.

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VVDailyPress: Victorville lands Boeing agreement

boeing_1

Deal will facilitate company’s expanding operations at airport
August 08, 2013 10:30 AM
Jim E. Winburn, Staff Writer

VICTORVILLE • The City Council has approved an agreement between Southern California Logistics Airport and Boeing Co. that will allow the aircraft manufacturer to centralize its growing operations at SCLA — including Boeing’s “Aircraft on Ground” services.

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VVDailyPress: SEC files to deny lawsuit dismissal

Victorville

August 06, 2013 6:50 PM
Jim E. Winburn, Staff Writer

VICTORVILLE • The Security and Exchange Commission recently filed a motion to oppose a defense request to dismiss certain claims in the U.S. District Court lawsuit over alleged investment fraud by city officials.

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VVDailyBulletin: VV airport bond defaults

Victorville

City official blames devalued property
June 11, 2013 7:25 PM
Jim E. Winburn, Staff Writer

VICTORVILLE • The Southern California Logistics Airport Authority defaulted on a nearly $1.2 million interest payment for a capital improvement bond, according to a recent notice from the authority.

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VVDailyPress: Victorville ‘handshake’ deals stir speculation

Victorville

April 30, 2013 9:37 PM
Jim E. Winburn, Staff Writer

VICTORVILLE • A City Councilwoman and former bond broker for the municipal airport authority blame what they called “handshake deals” for the questionable financial practices that ultimately led to this week’s fraud allegations against Victorville by the U.S. Securities and Exchange Commission.

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VVDailyPress: SEC accuses Victorville officials of fraud

SCLA

April 29, 2013 8:40 PM
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Jim E. Winburn, Staff Writer

VICTORVILLE • The Securities and Exchange Commission on Monday filed a fraud complaint against the city of Victorville, a securities underwriting firm and others involved in a 2008 municipal bond offering.

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InlandPolitics: A shoe finally drops in Victorville, SEC files fraud suit

U.S. SEC

Monday, April 29, 2013 – 12:30 p.m.

A shoe has finally dropped in the ongoing financial escapades of Victorville, California.

The U.S. Securities and Exchange Commission (SEC), announced in a press release Monday, that it has filed a civil fraud lawsuit against the city of Victorville and investment banking firm Kinsell, Newcomb and DeDios (KND).

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VVDailyPress: Cook, Lovingood urge FAA to restore tower’s funding

March 28, 2013 8:42 PM
Jim E. Winburn, Staff Writer

VICTORVILLE • High Desert government representatives have asked the Federal Aviation Administration to find the money needed to keep the Southern California Logistics Airport control tower open.

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VVDailyPress: Federal funds cut for SCLA

SCLA Tower

Airport to look for alternative funding
March 22, 2013 1:09 PM
Jim E. Winburn, Staff Writer

VICTORVILLE • Southern California Logistics Airport was named as one of 149 air traffic control facilities nationwide targeted for closure by the Federal Aviation Administration on Friday.

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VVDailyPress: Victorville Logistics Centre acquires two new leases

March 12, 2013 6:06 PM
Jim E. Winburn, Staff Writer

VICTORVILLE • An aviation maintenance firm and a solar power business recently signed new leases at Southern California Logistics Centre in Victorville through Stirling Capital Investments.

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VVDailyPress: Victorville gets power plant payoff

Victorville

City announces last chapter to Foxborough fiasco
February 21, 2013 3:07 PM
Jim E. Winburn, Staff Writer

The city of Victorville on Wednesday announced the “final chapter” to the long dispute over the failed Foxborough power plant.

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VVDailyPress: SCLA will again default on bonds

Victorville’s airport authority $3M short for December payment
November 15, 2012 8:27 PM
Brooke Edwards Staggs, City Editor

VICTORVILLE • The city’s airport authority is set to once again default on its hefty bond debt, coming up nearly $3 million short to make a payment due Dec. 1.

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