The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Overnight

Lo55° Clear

Labor Day

Hi79° Sunny

Monday Night

Lo57° Mostly Clear

Tuesday

Hi78° Mostly Sunny

Tuesday Night

Lo54° Breezy

Wednesday

Hi75° Mostly Sunny

Wednesday Night

Lo54° Mostly Clear

Thursday

Hi78° Sunny

Thursday Night

Lo57° Mostly Clear

Friday

Hi82° Sunny

SEC document outlines deceit

Send to Kindle
Print This

The Securities and Exchange Commission analysis of the Town Toyota Center financing fiasco is peppered with synonyms for lies. “Materially false and misleading,” is often repeated. Statements to potential investors were “factually inaccurate,” the SEC says. There were “statements of untrue facts” and “material facts” omitted.

This is not shocking — the region has spent recent years dealing with horrid consequences of this debacle. Anyone could see that much was amiss, as collectively we were gifted with hindsight and a new financial burden. A $42 million default has clarifying power.

View my optionsorSign in