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CALIFORNIA | LOCAL
October 6, 1987
The former treasurer of three Los Angeles County cities said Monday that he made an "honest mistake" when he placed--and lost--millions of city dollars in speculative investments. "I gained nothing but a lot of headaches," said Ray Wood. "I have been in this field for 30 years and have had nothing like this happen before."
ARTICLES BY DATE
CALIFORNIA | LOCAL
October 6, 1987
The former treasurer of three Los Angeles County cities said Monday that he made an "honest mistake" when he placed--and lost--millions of city dollars in speculative investments. "I gained nothing but a lot of headaches," said Ray Wood. "I have been in this field for 30 years and have had nothing like this happen before."
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NEWS
October 3, 1987 | TIM WATERS and GEORGE STEIN, Times Staff Writers
Three Los Angeles County cities--San Marino, Lawndale and Palmdale--could lose nearly $8 million because of speculative investments made by their treasurer, city officials said Friday. Officials in all three cities said they will ask the county district attorney to investigate whether the investments were legal. The treasurer, Ray Wood, could not be reached for comment. Officials said they had no knowledge that he personally profited from the investments.
NEWS
October 3, 1987 | TIM WATERS and GEORGE STEIN, Times Staff Writers
Three Los Angeles County cities--San Marino, Lawndale and Palmdale--could lose nearly $8 million because of speculative investments made by their treasurer, city officials said Friday. Officials in all three cities said they will ask the county district attorney to investigate whether the investments were legal. The treasurer, Ray Wood, could not be reached for comment. Officials said they had no knowledge that he personally profited from the investments.
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