Robert L. Citron, who as treasurer of Orange County, Calif., engaged in financial actions that astounded bankers and bureaucrats until his bold bets put the county in bankruptcy in . Citron said he believed he was acting prudently and reasonably in following a . Here are excerpts from the opening statements presented Tuesday by Robert L. Citron and Michael Stamenson, key witnesses testifying before the state Senate Special Committee on Local Government . Robert Lafee Citron (April 14, 1925 " January 16, 2013) was a Democratic Party politician who was the longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994. Big Bets Gone Bad: Derivatives and Bankruptcy in Orange County is the first detailed description of the Orange County bankruptcy. In April, 1993, then-Orange County Treasurer Robert L. Citron warned a county official--in writing--of the risks of doing a complicated parlay in Treasury notes. Neighborhood Map. The county sued a dozen or more securities companies . Citron was the only Democrat to hold office in heavily Republican Orange County at the time. January 18, 2013 at 9:56 a.m. Robert L. Citron, the former Orange County tax collector who presided over the county's investments when it went into bankruptcy in 1994, died Wednesday at St . Nov. 30, 2021. Orange County's treasurer in 1994, Robert L. Citron, was an eccentric man. Posted on January 22, 2013 by mmjdiary. Send Flowers, Plants & Gifts. He had a strong affinity for Navajo jewelry. Personal Profiles for Robert W Citrone from Mount Kisco, NY and Robert K Citrone from Westport, CT, and four other persons with the same name, their addresses, phone numbers, emails. We have Orange County cities that have entered massive style drifts, by going into fiscal areas well beyond what government is supposed to do . SACRAMENTO, Calif. (AP) _ Former Orange County Treasurer Robert Citron portrayed himself today as the victim of Merrill Lynch & Co., saying its sales pitches and investment advice ultimately plunged the county into bankruptcy. Robert L. Citron%2C former O.C. 2021-7-23. With an impressive net worth of over $1 billion , Robert Citrone will likely pocket a nice profit from the sale of his Orlando-area home, and has enlisted the help of . Citron was the only Democrat to hold office in heavily Republican Orange County at the time. WHAT MAKES A REPO TRANSACTION TO BE SPECULATIVE? Print. The county sued a dozen or more securities companies . Citron died Wednesday after a heart attack, Orange County Supervisor John Moorlach told Orange County Register. . Robert Lafee Citron (April 14, 1925 - January 16, 2013) was a longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994. Send Flowers, Plants & Gifts. Robert Citron, the former Orange County treasurer who got in over his head with derivatives investments, passed away. Initially, he seemed to have an uncanny ability to earn a greater rate of return for the county, but when market conditions changed and his position as a uniquely successful public . He is a white, non hispanic male registered to vote in Orange County, Florida. treasurer%2C died Wednesday; He was blamed for Orange County%27s 1994 bankruptcy; At the time it was the USA%27s biggest municipal bankruptcy Robert received a B. S. degree from Hampden-Sydney College and a M. B. Author Philippe Jorion, the Robert L. Citron, who as treasurer of Orange County, Calif., engaged in financial actions that astounded bankers and bureaucrats until his bold bets put the county in bankruptcy in . Robert Citron Orange County Case. He was solely responsible for investing several of the county's funds which totaled about $7.5 billion USD. The bankruptcy was brought on by Citron's investment strategies, which seemed to be an effort to earn high incomes for the county, without raising taxes, through risky, leveraged positions in bonds. Robert Citron was the Treasurer for Orange County, California, in the early 90s. County: Westchester County; FIPS: 361190130002015; Possible connections via main address - Jane Stewart; Latitude, Longitude: 41.190145, -73.729895; Merrill Lynch settled with Orange County, California, for a massive $400 million to settle accusations that it sold inappropriate and risky investments to former county treasurer Robert Citron . Citron made big bets on complicated investments that earned high yields but eventually caused $1.64 billion in losses. Robert Lafee Citron (April 14, 1925 - January 16, 2013) was a longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994. Blog. Robert Citron, a former treasurer of California's Orange County who spent nine months in prison for his role in what stood for years as the nation's biggest . Our 2021 Staff Picks: The year's best Prezi videos; Nov. 30, 2021. . Neighborhood Map. Author Philippe Jorion, the only professor in Orange . Citron said he believed he was acting prudently and reasonably in following a . Posted on January 22, 2013 by mmjdiary. Robert Citron, the former Orange County treasurer who got in over his head with derivatives investments, passed away. Initially, he seemed to have an uncanny ability to earn a greater rate of return for the county, but when market conditions changed and his position as a uniquely successful public . CITRONE ROBERT K CITRONE CINDY L SOUTHPORT, CONNECTICUT 06890. changed from RAY COUDRIET GOLDEN OAK HOMES 3900 MILLENIA BLVD ORLANDO, FLORIDA 32839. Robert L. Citron, the Orange County treasurer whose bad bets on exotic Wall Street investments resulted in what at the time was the largest municipal bankruptcy in U.S. history, died Jan. 16 at a . He was 87. He is a white, non hispanic male registered to vote in Orange County, Florida. Orange County Fair #orange #orangecounty #ocfair #Fair #fyp #girlfriend #Couple. The bankruptcy was brought on by Citron's investment strategies, which . Case Study 2: Orange County, CA. He composed 14-page odes to . Citron lost $1.69 billion, which forced the county to file for bankruptcy in December 1994. . Rank: 46Firm: Discovery Capital ManagementNet Worth: $1 billion. By borrowing heavily and placing the wrong bets, Orange County Treasurer Robert Citron lost $1.7 billion of Orange County's $7.4 billion investment portfolio. Robert Citron, whose bad investments as Orange County treasurer forced the county into bankruptcy in 1994, has died. By borrowing heavily and placing the wrong bets, Orange County Treasurer Robert Citron lost $1.7 billion of Orange County's $7.4 billion investment portfolio. Property Details. "Big Bets Gone Bad: Derivatives and Bankruptcy in Orange County" is the first detailed description of the Orange County bankruptcy. Orange County's treasurer in 1994, Robert L. Citron, was an eccentric man. Thanks to Orange County Treasurer-Tax Collector Robert L. "Bob" Citron, 187 agencies in Orange County and around the state deposited taxpayer dollars into his Orange County Investment Pool (OCIP). Robert L. Citron%2C former O.C. http://www.prmia.org/sites/default/files/references/Orange_County.pdf (CASE pdf info)-a.Please give a very detailed description of . BREAKEVEN RATE Two views: - Maximum rate at which tail bill can be sold to break even BANKRUPTCY AND JAIL TIME - He was 87. Robert Lafee Citron (April 14, 1925 " January 16, 2013) was a Democratic Party politician who was the longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994. Former Orange County Treasurer-Tax Collector Robert L. Citron, whose risky investments led to $1.6 billion in losses and prompted the nation's largest municipal . January 17, 2013, 8:49 AM PST. Orange County; T 24S, R 28E, S 18; Data available: Property Sales Flooding. A. from Darden School at the University of Virginia. Orange County; T 24S, R 28E, S 18; Data available: Property Sales Flooding. SACRAMENTO, Calif. (AP) _ Former Orange County Treasurer Robert Citron portrayed himself today as the victim of Merrill Lynch & Co., saying its sales pitches and investment advice ultimately plunged the county into bankruptcy. The bankruptcy was brought on by Citron's investment strategies, which seemed to be an effort to earn high incomes for the county, without raising taxes, through risky, leveraged positions in bonds. The best appointment scheduling software and booking apps for virtual meetings He had a strong affinity for Navajo jewelry. . Robert Citrone is a Managing Partner at Discap based in Allonnes, Pays de la Loire. Robert Kenneth Citrone (age 57) is listed at 10132 Enchanted Oak Dr Orlando, Fl 32836 and is affiliated with the Republican Party. In the mid 1990's, the people of Orange County experienced a financial debacle due to the risky investment actions of the county's treasurer, Robert Citron. Robert Kenneth Citrone (age 57) is listed at 10132 Enchanted Oak Dr Orlando, Fl 32836 and is affiliated with the Republican Party. January 17, 2013, 8:49 AM PST. 11 / 2012: Vacant Residential He composed 14-page odes to . Citrone, who also co-founded the hedge fund Discovery Capital Management in 1999, originally purchased the property for $5.495 million in 2015, according to Mansion Global. Citron made big bets on complicated investments that earned high yields but eventually caused $1.64 billion in losses. . Citrone, who also co-founded the hedge fund Discovery Capital Management in 1999, originally purchased the property for $5.495 million in 2015, according to Mansion Global. Property Details. Embedded in the transaction: a bet on future interest rate shifts. Robert Citron, whose bad investments as Orange County treasurer forced the county into bankruptcy in 1994, has died. CITRONE ROBERT K CITRONE CINDY L SOUTHPORT, CONNECTICUT 06890. changed from RAY COUDRIET GOLDEN OAK HOMES 3900 MILLENIA BLVD ORLANDO, FLORIDA 32839. Robert Citron Orange County Case. Former Orange County Treasurer-Tax Collector Robert L. Citron, whose risky investments led to $1.6 billion in losses and prompted the nation's largest municipal . Despite having no background in trading financial instruments, he decided to invest in risky interest rate swaps . E. SCOTT RECKARD January 17, 1995. The Florida mansion of Pittsburgh Steelers co-owner and hedge-fund manager Robert Citrone has hit the market for $8.5 million and it comes with the perks of Orlando's Walt Disney theme park . Citron lost $1.69 billion, which forced the county to file for bankruptcy in December 1994. Merrill Lynch settled with Orange County, California, for a massive $400 million to settle accusations that it sold inappropriate and risky investments to former county treasurer Robert Citron . America's Richest Self-Made Women Robert Citron, a former treasurer of California's Orange County who spent nine months in prison for his role in what stood for years as the nation's biggest . 11 / 2012: Vacant Residential With an impressive net worth of over $1 billion , Robert Citrone will likely pocket a nice profit from the sale of his Orlando-area home, and has enlisted the help of . The bankruptcy was brought on by Citron's investment strategies, which . . . His closet held 300 ties he rarely wore. treasurer%2C died Wednesday; He was blamed for Orange County%27s 1994 bankruptcy; At the time it was the USA%27s biggest municipal bankruptcy Answer (A)- In December 1994, Orange County stunned the markets by announcing that its investment pool had suffered a loss of $1.6 billion. His closet held 300 ties he rarely wore. In the mid 1990's, the people of Orange County experienced a financial debacle due to the risky investment actions of the county's treasurer, Robert Citron. http://www.prmia.org/sites/default/files/references/Orange_County.pdf (CASE pdf info)-a.Please give a very detailed description of . This was the largest loss ever recorded by a local government investment pool, and led to the bankruptcy of th E. SCOTT RECKARD January 17, 1995. Previously, Robert was a Largest Minority Owner at Pittsburgh Steelers and also held positions at Andurand Capital. Mr. Citron was exposed to interest rate risk. Robert L. Citron, the Orange County treasurer whose bad bets on exotic Wall Street investments resulted in what at the time was the largest municipal bankruptcy in U.S. history, died Jan. 16 at a . Citron died Wednesday after a heart attack, Orange County Supervisor John Moorlach told Orange County Register. Jan. 17, 2013. January 18, 2013 at 9:56 a.m. Robert L. Citron, the former Orange County tax collector who presided over the county's investments when it went into bankruptcy in 1994, died Wednesday at St . Jan. 17, 2013.