Boxden hiphop sports wild'ish games movies news eyecandy tech gear rides
trending now most viewers #top20 top yesterday all sections videos pics tracks headlines

FBI opens SEC Probe of Miami Marlins Ballpark Deal

most watched this minute | see more
most viewed right now
134 viewing
 Chief Keef Names Newborn Son After His Current Record Label:dead:
79 comments
@hiphop
most viewed right now
108 viewing
 Image inside Cam'ron Ezike Giles Is A Nut!
63 comments
@hiphop
most viewed right now
107 viewing
 Article inside Chris Brown owns over a dozen burger kings.
79 comments
@hiphop
most viewed right now
75 viewing
 OT Floyd Mayweather responds to Ronda Rousey : Last time ..
95 comments
@sports
people viewing this topic:   (0 members and 1 guests)
 

let em know Share this on TwitterShare this on Facebook
 FBI opens SEC Probe of Miami Marlins Ballpark Deal
Unread 4 years agoclass of '04 - away - #1
972 pageviews
1 comments


Cheeze 496 heat pts496 space
avatar space
Registered User
space
$31,686 | POWERFUL


Federal authorities began investigating the Miami Marlins ballpark stadium deal on Thursday, according to the Miami Herald.

The US.Securities and Exchange Commission requested information from Miami-Dade County and the City of Miami about $500 million in bond sales and records of campaign contributions, according to the Herald.

The SEC also wants meeting minutes and finances dating back to 2007, including meetings between Marlins owner Jeffrey Loria, Major League Baseball Commissioner Bud Selig, team president David Samson, former Major League Baseball president chief operating officer Robert Dupuy and the government, according to the Herald.

"Yes, we are aware of the investigation that the SEC is conducting on the issuance of the county's and city's stadium and parking bonds. Of course we will fully cooperate with the SEC's investigation as needed and a.ssist in whatever way possible. Because this is an on-going matter, it is not appropriate to comment further," the Miami Marlins said in an email statement Saturday.

The county also says it will cooperate.

"The county will comply with the SEC's request and provide the documents they are asking for," said Suzy Trutie, Miami-Dade County spokeswoman.

The county and the city were responsible for 80 percent of the $634 million construction project., the newspaper said.

"We are trying to determine whether there have been any violations of the federal securities laws. The investigation and the subpoena do not mean that we have concluded that Miami-Dade County or anyone else has broken the law," Drew D. Panahi, the commission's senior counsel, told the Herald.

Marlins President David Samson had told the Herald the team hasn't received a subpoena, but he told the newspaper "Appreciate the info."

But the city officials are concerned with the cost of the review. In 2006, a similar two year long review cost it $1.4 million, according to the Herald.


"I am obviously disappointed. Any time there is an investigation like this it is expensive. But these transactions predate me," Commissioner Francis Suarez said. "We are trying to keep the city afloat in difficult times and it's hard when unanticipated situations arise."

The SEC is also looking into the stadium parking garages. Officials have said they have to pay as much as $2 million in property taxes to the county beacuse they are leasing the stadium's individual parking spots in the garage to the Marlins.

Miami Mayor Tomas Regalado and Miami-Dade Mayor Carlos Gimenez couldn't immediately be reached for comment.

[pic - click to view]




Source


image
Reply With Quote

top in section
42 viewing
 Image inside The New York Daily News out here giving no F*cks
32 comments
top in misc/24hrs
top in section
11 viewing
 Image inside New Images Air Jordan 11 Retro Low aka Referee
6 comments
top in gear/24hrs

Unread 4 years agoclass of '08 - away - #2
Dangerously 215 heat pts215 space
avatar space
Nets Up, Knicks Lost.
space
$50,078 | POWERFUL
David Samson is going to end up hanging himself.
Reply With Quote
 
Home > all sections > BX SportsCenter
  
    
          join bx

 


that hot ish yesterday


most viewed right now
102 viewing
Video inside Vester Flanagan aka Bryce Williams reporter shooting hoax
274 comments
1 day ago
@misc
most viewed right now
60 viewing
Image inside Colin Kaepernick In Relationship With Transgender Escort, Porn Actress?
65 comments
20 hours ago
@misc
most viewed right now
55 viewing
Video inside Ebro Shut Down ASTRO on hot97
245 comments
20 hours ago
@hiphop
most viewed right now
18 viewing
Video inside This n*gga Silk The Shocker used to ruin everything lol
134 comments
20 hours ago
@hiphop
most viewed right now
17 viewing
Audio inside The Joe Budden Podcast - I'll Name This Podcast Later Episode 28
43 comments
1 day ago
@hiphop
most viewed right now
16 viewing
Image inside 50 cent and boosie: pic of the day
67 comments
1 day ago
@hiphop
most viewed right now
12 viewing
Alonzo was really pulling Eazy's card on vladtv
200 comments
2 days ago
@hiphop
most viewed right now
12 viewing
Article inside Ashley Madison was a bunch of dudes talking to each other (Data confi..
24 comments
19 hours ago
@tech
^
contact us   |   bx@twitter   |   bx@facebook   |   privacy   |   search   |   BX 1998-end of time