December 16, 1994 |
A trio of wealthy Merrill Lynch bond brokers, operating out of a pink marble office tower in the heart of this city's upscale financial district, became Orange County's main conduit for high-risk investments. Orange County Treasurer-Tax Collector Robert L. Citron was self-assured and outspoken in his investment strategy, but Merrill Lynch's team was ready to back Citron's every instinct and earn multimillion-dollar fees in the process.
January 16, 1995 |
There's no Ollie North and it's unlikely to involve the high drama of Iran-Contra, but in matters of municipal finance this promises to be big, and steeped in intrigue. A special state Senate committee will hold a daylong session here Tuesday that will bring together for the first time the key players in Orange County's financial debacle. The indisputable headliner is Robert L.
January 16, 1995 |
Key Figures in Bond Crisis to Testify: Former Orange County Treasurer and Tax Collector Robert L. Citron is expected to make his first public comments about the collapse of the investment pool he managed when he testifies Tuesday before a special legislative committee in Sacramento looking into the county's fiscal fiasco. Citron, 69, has remained virtually secluded in his Santa Ana home since he resigned Dec.
August 21, 1996
* Robert L. Citron: Once considered by many to be a financial genius, the former longtime county treasurer was the only public official to admit any guilt in the county's bankruptcy. He pleaded guilty to six felony counts of securities fraud and misappropriation of interest, diverting the money from the investment pool he managed into the county treasury.
January 17, 1995
Orange County officials--including former Treasurer-Tax Collector Robert L. Citron--will appear at today's hearing before the state Senate Special Committee on Local Government Investments. Here's the schedule of topics and speakers: 9-9:15 a.m.--Opening Statements * Sen. Lucy Killea (I-San Diego) * Sen. William A. Craven (R-Oceanside) 9:15-11 a.m.--Orange County Treasurer's Practices * Robert L.
July 14, 2002
Re "Go Slow on Merrill Lynch Ties," Editorial, July 7: It was my dear friend Steve de Graaf who drove from Los Angeles County immediately after I lost the election to former Orange County Treasurer-Tax Collector Robert L. Citron and gave me this advice: "Be better, not bitter." The Orange County bankruptcy occurred as the result of a large group of well-meaning people that failed to see the red flags because their eyes were closed. Many have moved on to such jobs as executive director of the Orange County Business Council and the head of the Peace Corps.