District poised to spend $35,000 to answer SEC probe

By Alan Blinder
Published May 5, 2013 4:00am ET
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District poised to spend $35,000 to answer SEC probe
Andrew Harnik/Examiner Federal and local law enforcement agents along with the United States Attorneys for the District of Columbia and Maryland hold a press conference along with Washington, DC Mayor Adrian Fenty and DC Chief Financial Officer Natwar Gandhi, pictured, to discuss the arrest of 5 people, including 2 employees of the District of Columbia who have connected with a property tax refund fraud scheme. In Washington, DC on Wednesday November 7, 2007. | Andrew Harnik

The District is poised to spend at least $35,000 to respond to a “confidential, informal inquiry” from the Securities and Exchange Commission, which opened a probe in October into disclosures surrounding sales of the city’s municipal bonds.

According to billing records obtained by The Washington Examiner under the Freedom of Information Act, the District spent $25,812.50 for nearly 74 hours of legal work tied to the investigation late last year.

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