Wells Fargo Bank NA said in a market notice that it would not distribute Jan. 1 interest payments due on $18.93 million of uninsured, defaulted bonds sold for three popular Georgia charter schools.

The bonds were sold in late 2011 by the Development Authority of Alpharetta, Ga., on behalf of the Fulton Science Academy Inc., Fulton Educational Services Inc., and Fulton Sunshine Academy.

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