LOS ANGELES — A beleaguered Victorville, Calif. airport authority facing U.S. Securities and Exchange Commission fraud charges defaulted for the fifth time on bonds it issued to redevelop the airport from military to civilian use.

The Southern California Logistics Airport Authority announced in a Nov. 27 filing posted on the Municipal Securities Rulemaking Board’s EMMA website that it expected to miss $4.2 million of payments due Dec. 1.

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