City Controller – $10.3 Million City Housing Loan Mishandling
MEDIA ADVISORY Contact: Ben Golombek April 7th, 2010 (213) 595-2650 CONTROLLER GREUEL TO RELEASE AUDIT SHOWING $10.3 MILLION CITY HOUSING LOAN WAS MISHANDLED Department Proceeded With Project, Knowing That a Development Partner Was Under Federal Investigation (Los Angeles) – City Controller Wendy Greuel will release her Waste, Fraud and Abuse team’s audit of how the Los Angeles Housing Department (LAHD) managed a $10.3 million City loan to a developer, which had a major financial partner under federal investigation for misusing public funds, on Thursday, April…