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Nov 14, 2012 9:32 AM by AP

Lawyer says Shreveport adviser overpaid

SHREVEPORT, La. (AP) - A lawyer has advised the Shreveport City Council that the city should seek immediate reimbursement of $8,900 in overpayments to financial adviser Grigsby & Associates.

Lafayette attorney Frank Neuner Jr., whose firm investigated the citiy's contract with the San Francisco-based financial advisory firm at the council's request, said accounting errors resulted in a net overpayment.

Neuner said the investigation also found $677,333 in questionable expenses, the majority of which were a result of improper documentation.

Calvin Grigsby of Grigsby & Associates said the firm's invoices comply with the city contract. And Grigsby called the suggestion that invoices are questionable because of a lack of supporting documents a "malicious misrepresentation."

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Information from: The Times, http://www.shreveporttimes.com

 

 

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