Town supervisor: Bonding adviser removed during investigation – New York News

Former Babylon Town Comptroller Douglas Jacob. (Credit: Newsday / Don Jacobsen)


Babylon Supervisor Rich Schaffer has removed the town’s municipal finance adviser pending the outcome of a U.S. Securities and Exchange Commission investigation.

The SEC on June 30 asked town employees to preserve documents related to municipal bonding work by the adviser, Doug Jacob, a subcontractor for the town and former town comptroller, for evidence as part of a civil investigation, documents…

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