No charges have been filed
March 06, 2011 9:00 AM
VICTORVILLE • The FBI has joined the Securities and Exchange Commission and the San Bernardino County grand jury in investigating Victorville’s finances and practices, marking the first probe that’s clearly focused on uncovering potential criminal activity within the city.
At least one local person has been questioned by the FBI in recent weeks regarding Victorville issues.
“We don’t confirm or deny whether an investigation is going on,” Laura Eimiller, spokeswoman for the FBI’s Los Angeles Field Office, said by phone.
Eimiller added that no charges have been filed in relation to Victorville and she said there were no public developments to discuss.
However, sources have indicated that the agency’s interest in Victorville was sparked by the SEC’s probe into local bond expenditures.
The SEC first notified Victorville of its investigation in August, when the agency sent a subpoena to City Hall calling for records related to the city’s $480 million in bond debt.
While the SEC can issue injunctions and bring other civil enforcement actions against municipalities or corporations found to be in violation of federal securities law, the regulatory agency can not bring criminal charges. If the SEC does uncover what it believes could be evidence of criminal activity, it will refer the case to a law enforcement agency such as the FBI.
More interviews are scheduled in coming weeks for the county’s grand jury investigation into the city, which has been under way since early 2009.
Brooke Edwards may be reached at (760) 955-5358 or at bedwards@VVDailyPress.com.
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