Report says Devon may have shuffled investment funds
- Picture still unclear for Pennsylvania school districts on investment losses. Demenchuk, Michael // Bond Buyer;10/06/97, Vol. 322 Issue 30245, p2
Reports on the US Securities & Exchange Commission's probe of Devon Capital Management for its role in the bond investment losses of Pennsylvania school districts. Meeting conducted by state officials to assess the progress of the investigation; Allegations against John Gardner Black, the owner...
- Ambac offers aid to Pennsylvania school districts hit by scandal. Demenchuk, Michael; Richtmyer, Richard // Bond Buyer;10/10/97, Vol. 322 Issue 30249, p3
Reports that Ambac Assurance Corp. has offered to provide loans to the 75 Pennsylvania school districts that may have suffered losses through their involvement with financial adviser Devon Capital Management Inc. Short-term loans for two years; Purchase of short-term bonds from the schools to...
- One threat too many. McDowell, Jim // Alberta Report / Newsmagazine;6/6/94, Vol. 21 Issue 25, p21
Reports on the court case involving John Black. How Black was acquitted of murder charges; Details of the death threat that Black had been subjected to by the man he killed; Other related ethical issues; Additional information.
- 55 Pa. districts victimized by alleged financial scheme. Walsh, Mark // Education Week;11/12/97, Vol. 17 Issue 12, p11
Accuses John Gardner Black, a financial adviser, for defrauding public school funds in Pennsylvania. Other allegations on Black on and his companies; Background information on Black; Arguments on the school districts' prospect for recovering all their investments; Various comments in the issue.
- SEC, Devon settle; further penalties still to be decided. Demenchuk, Michael // Bond Buyer;12/16/97, Vol. 322 Issue 30293, p1
Reports that John Gardner Black, former principal of Tyrone, Pennsylvania-based Devon Capital Management Incorporated and Financial Management Sciences Incorporated, have agreed to a permanent injunction, prohibiting him from future violations of the antifraud provisions of the federal...
- S&P lists possible losers in Pennsylvania probe. Demenchuk, Michael // Bond Buyer;10/03/97, Vol. 322 Issue 30244, p29
Discloses Standard & Poor Corp.'s list of credit it rates as among those school districts that lost a combined $71 million at the hands of Devon Capital Management of Tyrone, Pennsylvania.
- Pennsylvania panel mulls how to clean up Devon mess and avoid another. Demenchuk, Michael // Bond Buyer;10/23/97, Vol. 322 Issue 30258, p3
Reports on the legislators' investigation of an investment fraud case in Pennsylvania's bond market involving Devon Capital Management. Company's fraud affecting 75 school districts in the state; Comments from legislators initiating the inquiry.
- SEC: Pennsylvania financial adviser lost schools $71 million. Demenchuk, Michael // Bond Buyer;09/30/97, Vol. 321 Issue 30241, p3
Reports on the securities fraud charges filed against trader, John Gardner Black by the US Securities & Exchange Commission (SEC) for losing school district funds in Pennsylvania. Order given by the SEC to freeze Black's assets; Mismanagement of the school district funds through bad investments.
- Suit filed against Custodian Bank in investment adviser fraud case. Hume, Lynn Stevens // Bond Buyer;04/29/98, Vol. 324 Issue 30382, p6
Reports on a lawsuit filed against Mid-State Bank & Trust Co., custodian of investment adviser John Gardner Black who was charged with fraud. Background of the case; Alleged participation of Mid-West in Black's fraudulent activities.