expenditures

ECC said it “submitted invoices with supporting documentation in the format requested” by CalRecycle for all expenditures, and was “not aware of any missing invoices.”

Los Angeles is also struggling with rising legal payouts, a reduction in city services, and higher expenditures due in part to employee raises.

That’s the principle undergirding the AI industry’s vast expenditures on data centers and high-performance chips.

Critics also argue that some of the fund’s biggest expenditures are politically driven and don’t offer immediate carbon benefits as intended.

McDonald also defrauded clients at Index Strategy Advisors, his other firm, said the Justice Department, using less than half of $3.6 million he raised for trading purposes on personal and other expenditures.