I am a resident of Riverside County, and my business was located in Riverside County. A few years ago, our company took on a project in Puerto Rico only to get caught up in the Puerto Rico bankruptcy. An extensive investigation by us determined that all the municipal agencies in Puerto Rico were bankrupt long before they issued the $70 billion in bonds they defaulted on.The municipal agencies were able to “buy” good credit ratings from Wall Street’s largest bond rating companies and major Wall Street banks knowingly sold these worthless bonds to their best customers.We initially reported our findings to the Securities and Exchange Commission and the Department of Justice. Just like the early years with Bernie Madoff, when the whistleblowers were ignored by both agencies, we
