EXCLUSIVE – A $28,500 deposit was made to Syed Farook’s bank account from WebBank.com on or about Nov.18, some two weeks before he and his wife Tashfeen Malik carried out the San Bernardino massacre, a source close to the investigation told Fox News Monday. Continue reading »
– San Bernardino, California, files for bankruptcy with over $1 billion in debts (Reuters, Aug 2, 2012):
San Bernardino filed for bankruptcy protection on Wednesday citing more than $1 billion of debts and making it the third California city to seek protection from creditors.
The city of about 210,000 residents 65 miles east of Los Angeles declared a fiscal crisis last month after a report said local government had tapped out its reserves and projected spending would top revenue by $45 million in the fiscal year that began on July 1.
The filing, made in the United States Bankruptcy Court, Central California District, states that the city has “more than $1 billion” in liabilities, and estimated that it has between 10,001 and 25,000 creditors.