County Prosecutors Investigate Montebello Over Missing Money

LOS ANGELES (AP) — Los Angeles County prosecutors are investigating the city of Montebello over reports that city funds have gone missing from unofficial bank accounts.

District attorney’s spokeswoman Jane Robison said Wednesday that an inquiry has been opened to determine whether a criminal investigation is warranted.

City officials said last week that only $5,000 remained in an off-the-books Union Bank investment account that once held about $900,000.

The Los Angeles Times reports there was a second unofficial city account at Banco Popular containing $240,000, which showed withdrawals in 2004 and a deposit in 2007.

Officials say they don’t know why the accounts weren’t on the city’s books or where the money went.

Montebello, a city of about 65,000, has had its share of financial troubles. Federal officials are seeking the return of $1.3 million in housing money they say the city mishandled.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. swhitS says:

    Another BELL! Time to hit every city with an investigation.

  2. Montebello Advocates says:

    How dumb is Mayor Art Barajas. He thinks that using the City Attorney to “investigate” these bank accounts is going to satisfy the people. The City Attorney is part of the problem, the city staff are part of the problem, and now Barajas is part of the problem.

    swhiS is right. We are another Bell and need the full scrutiny of the State to get to the bottom of these illegal activities.

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