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L.A. Bounces $6 Million Worth Of Checks

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Jul 31, 2009 8:49 am US/Pacific

L.A. Bounces $6 Million Worth Of Checks

LOS ANGELES (AP) ― Los Angeles has been bouncing checks -- $6 million worth.

More than 900 vendors, who tried to cash checks dated July 24, had them returned for insufficient funds.

City officials said the problem wasn't with the city's tight budget. It was a processing error by Wachovia Bank, which issued the checks for the city.

City Controller Wendy Gruel said Wachovia notified her office of the problem on Monday and has taken steps to fix it.

Her office suggests the vendors redeposit the checks and said they should clear this time. The city and the bank were also sending the vendors letters of apology.

(© 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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