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Links Roundup: NYS LDCs

November 4, 2016

SEC Fines Firm for ‘Fraudulent’ Audits of Ramapo, Ballpark

Patch.com

The SEC announced fraud charges back in April against Ramapo, its local development corporation, and four town officials, alleging that they cooked…

SEC Brings Two Proceedings Naming Auditors

JD Supra (press release)

The firm served as the outside auditors for the Town of Ramapo, New York and the Ramapo Local Development Corporation, established to engage in…

SEC settles with auditor in NYC suburb’s bond fraud case

Reuters

By Jonathan Stempel | NEW YORK … the town of Ramapo, New York, and its local development corporation, which were charged with fraud in April…

BRIEF-GE, Baker Hughes deal has $1.3 billion breakup fee-exec

Reuters

… issued fraudulent audit reports in connection with municipal bond offerings by the town of Ramapo, New York, and its local development corporation …

Broome funding more temporary Willow Point staff

Press & Sun-Bulletin

EIC is a New York State nonprofit local development corporation funded in part by the New York State Energy Research and Development Authority …

RE: Draft Environmental Impact Statement for the Redevelopment of the “East Parcel”

River Journal Staff

This statement is submitted pursuant to the provisions of the New York State … SEQRA, New York’s Environmental Impact Assessment legislation, … that the Sleepy Hollow Local Development Corporation (“LDC”) and Village Board …

CWC awards stormwater funds

Oneonta Daily Star

The CWC is a non-profit, local development corporation responsible for … economic development and education programs in the New York City …

The Agency breaks ground on construction of new headquarters, business-development center

The Central New York Business Journal

… the IDA and the Broome County Local Development Corporation (LDC). … National Development Council and the New York Business Development …

Ceresney Warning: Expect Continued SEC Enforcement Activity Regarding Municipal Securities

The National Law Review

On April 14, 2016, the SEC brought civil fraud charges against Ramapo, New York, its local development corporation and four town officials, alleging …

Broome funding more temporary Willow Point staff

Press & Sun-Bulletin

EIC is a New York State nonprofit local development corporation funded in part by the New York State Energy Research and Development Authority …

County Exec Mahoney’s scathing response to Syracuse mayor: Good riddance

Syracuse.com

In today’s letter, Mahoney accused Miner of reneging on an agreement not to form a local development corporation to compete with the Onondaga … the $500 million that Central New York won in the Upstate Revitalization Initiative.

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