Posted on Wednesday, November 08, 2017 at 4:00 am CST
Puerto Rico bankruptcy victims uncovered material irregularities while conducting a forensic accounting audit of the islands municipal bonds. As the auditors followed the money it led the auditors from Puerto Rico to Wall Street to Washington, DC. Multiple complaints were made to the Department of Justice and the Securities and Exchange Commission regarding billions in municipal bonds. The audit also uncovered billions of dollars that were unaccounted for from within the Puerto Rico Electric Power Authority.
Source: Richard Lawless, CEO