IRE favicon

Shop

Resource ID: #26409
Subject: Fraud
Source: Victoria Advocate
Affiliation: 
Date: Aug. 8, 15, 17, 18; Oct. 27; Nov. 3

$0.00

Description

A six-month Victoria Advocate investigation revealed a program started to promote economic development has instead been riddled with poor record-keeping, questionable loan practices, missing documents and virtually no accountability. The newspaper's investigation prompted the state's top law enforcement agency, the Texas Rangers, to investigate the town. That investigation is ongoing. The Advocate's investigation learned: • Since 2008, the development board has collected $525,624 in sales tax. It spent more than $1 million during those same five years, but the city does not accurately record the money. • Few on the board received economic development training. No one kept accurate records. No one accepts responsibility. • Three City Council members had loans while on the council. All three defaulted.

141 Neff Annex   |   Missouri School of Journalism Columbia, MO 65211   |   573-882-2042   |   info@ire.org   |   Privacy Policy
apartmentpenciluserscalendar-fullcrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram