March 21, 2022

SEC Charges Texas School District and Former CFO with Fraud Related to Bond Sale

Enforcement Highlights Blog

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.

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