As reported in the Bloomberg News in November: Federal investigators took documents yesterday from Investment Advisory Group Inc.,a broker of guaranteed investment contracts and a municipal derivatives advisor based in Pottstown,Pennsylvania,said Gene Grabowski,a spokesman for the firm known as IMAGE.
IMAGE received a subpoena from the antitrust division of the U.S. Department of Justice and the company is cooperating fully with the authorities.
This is the same company that was involved with our Bond Swap last April of 2006.
I was concerned about this Bond Swap and voted no to the deal.
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If this is true then how is it the other board members that voted for the bond swap didn't ask questions?If they knew about this then they should be questionned as to their commitment to the tax payers?Sounds like being irresponsible is a major problem in the school district.Corruption and irresponsibility go hand in hand.
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