U.S. Indicts Twelve in Philadelphia

Cataldo, Adam L.; Larkin, Gary; McDonald, Michael
June 2004
Bond Buyer;6/30/2004, Vol. 348 Issue 31916, p1
Trade Publication
Reports that a grand jury in Philadelphia indicted local bond counsel Ronald White, former city Treasurer Corey Kemp, executives from Commerce Bank/Pennsylvania, J.P. Morgan Securities Inc. and a director at Janney Montgomery Scott Inc. as part of a corruption probe into financial transactions involving the city. Allegations that White provided money and gifts to Kemp in an attempt to get himself work as bond counsel for the city; Charges of conspiracy to commit honest securities fraud filed against Kemp.


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