Investors may have legal grounds if they were deceived about deceptive bond offerings characterizing the uses of tax-free bond proceeds.
In many cases, voters bond issues are approved by referendums at the ballot box----so that voters may have been misled WRT uses of fraudulent bond offerings.
Also culpable are:
<><> bonding companies underwriting possible fraudulent bond issues;
<><> banks holding possibly fraudulent bond proceeds;
<><> school finance administrators allocating the bond proceeds,
<><> school personnel accepting the bond proceeds.
<><> school vendors accepting possible fraudulent bond proceeds.
<><> publicly funded-groups advocating the uses of possible fraudulent bond proceeds.
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EMAIL---FBI TIPS PAGE https://tips.fbi.gov
EMAIL--enforcement@SEC.gov
Contact the IRS Fraud Unit
EMAIL Banking oversight agencies
More below
I like the idea of going after local school bonds....but...do you really think the IRS cares?