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Robert L. Citron dies at 87; central figure in O.C. bankruptcy
Robert L. Citron dies at 87; central figure in O.C. bankruptcy

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 Wednesday. He was 87. Citron died at St. Joseph Hospital in Orange of complications from a heart attack, said his wife, Terry Citron. Until the 1994 financial collapse, Citron was a low-key bureaucrat who won praise from Orange County supervisors for earning much higher yields from the county's complex array of investments than many other government agencies. His investment pools attracted funds from governments around the country as well as from schools, cities and public agencies. The county...

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