Three former Coliseum officials arrested

They include Pat Lynch, the former general manager, and Todd DeStefano, the former events manager. Charges were not immediately disclosed, though multiple agencies have been looking into the financial activities of several former Coliseum officials (much of it originally unearthed by the LAT. From the Times:

The Coliseum had become mired in conflicts of interest, spending irregularities and loose accounting that eroded its fiscal foundation and had all but bankrupted its future as one of the nation's most-storied public landmarks. Lynch resigned in February 2011 after The Times began a series of reports on the Coliseum's finances. He and DeStefano, who quit shortly before the first story appeared, have been the subjects of a criminal investigation by county prosecutors involving alleged kickbacks and self-dealing. State regulators and the Los Angeles city controller's office have also launched inquiries.

More by Mark Lacter:
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Another rugged quarter for Tribune Co. papers
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Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Julie Butcher on the jury that convicted her son's killers
Body parts of same woman found in two sewage plants
Conrad Murray released from LA county jail this morning
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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