SEC says major California water district cooked the books

The Westlands Water District, the “biggest of big shots in the water world of California’s Central Valley,” was fined $195,000 last week by the Securities and Exchange Commission for altering records to hide drought-related expenses, reports the L.A. Times. Two of its officers also were fined. In 2009, the district realized, it would fall $10 million short… » Read More

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