Report says Devon may have shuffled investment funds

Demenchuk, Michael
November 1997
Bond Buyer;11/04/97, Vol. 322 Issue 30266, p1
Trade Publication
Reports the bond proceeds for 75 school districts lost by Pennsylvania financial adviser John Gardner Black of Devon Capital Management. Result of the investigation of trustee Richard Thornburgh on the missing proceeds; Accusation on Black for covering up losses from bond proceeds by the Securities and Exchange Commission (SEC); Findings of an audit of Black's assets completed by the accounting firm Price, Waterhouse.


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