|Published:||Sep 22, 2010 8:00 PM EDT|
|Updated:||Sep 22, 2010 5:00 PM EDT|
BELL, Calif. (AP) - A state audit shows the city of Bell mismanaged more than $50 million in bond money while allocating inappropriate salaries to officials and making other questionable expenditures.
The state controller's office released the audit Wednesday, concluding the scandal-ridden Los Angeles suburb lacked checks and balances on its finances.
The audit says the lack of oversight resulted in illegal taxes, mismanaged bond funds, inappropriate salaries for its leaders and more than $15 million in questionable contracts and land purchases.
Ex-city manager Robert Rizzo and seven other current and former officials were arrested Tuesday and charged with misappropriating public funds.
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