Robert Citron, Date of Birth, Place of Birth, Date of Death

    

Robert Citron

American politician

Date of Birth: 14-Apr-1925

Place of Birth: Los Angeles, California, United States

Date of Death: 16-Jan-2013

Profession: tax collector

Nationality: United States

Zodiac Sign: Aries


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About Robert Citron

  • 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.
  • 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 strategy paid out at first.
  • In 1994, a cash crunch occurred when interest rates increased and financiers for the county required increased collateral from the county.

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