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SEC probes Miami Garden's $60 million bond issue; were bond funds diverted?

FEBRUARY 13, 2018 | by Francisco Alvarado | FLORIDA BULLDOG

By Francisco Alvarado, includes "... Investors who purchased the bonds were told proceeds would be used to upgrade 18 city parks and technology used by the city police department. But progress on those capital improvement projects has been slow, and records show the SEC is now seeking to learn whether Miami Gardens officials illegally diverted bond proceeds to pay for day-to-day city operations, including employee payroll and expenses of the seven council members."

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