On March 16, 2022, the Securities and Exchange Commission charged Crosby (Texas) Independent School District (Crosby) and its former Chief Financial Officer, Carla Merka, with misleading investors in a $20 million municipal bond sale, which was issued to pay down outstanding construction liabilities and fund new construction projects. The SEC’s civil complaint alleges that Crosby … Continue reading “SEC Charges Texas School District and Former CFO with Fraud Related to Bond”