Final mortgage fraud suspect arrested
Federal agents have arrested the 14th and final person charged with mortgage-related fraud in two cases in Ventura County, the Ventura County Star reported. The first 13 were arrested June 16, but the 14th, Richard Ceniseroz of Oxnard, was traveling abroad at the time. He was arrested later and arraigned on June 28.
Editorial: Shared sacrifice
Unions hate making concessions. The very purpose of a union is to secure better pay and benefits for its members. The idea of lower compensation is usually a non-starter. That’s why it’s refreshing to see so many public-sector unions in the Tri-Counties accepting wage and benefit concessions. In some cases, unions have agreed to reductions Read More →
Editorial: Santa Barbara DA talks tough on white-collar crime
For the first time in recent memory, white-collar crime is going to be a top priority of the Santa Barbara County District Attorney’s office. That’s the word from newly named Santa Barbara County District Attorney Joyce Dudley, who already has designated one of her deputies, attorney Gordon Auchincloss, as her point person on the white-collar Read More →
Eucalyptus Systems raises $20 million
In one of the largest technology deals of recent years, Santa Barbara-based cloud computing software firm Eucalyptus Systems raised $20 million in venture capital on July 1 from a group led by Menlo Park-based New Enterprise Associates. With the deal, Eucalyptus has raised $25.5 million since launching last year. Earlier this year, the firm brought Read More →
CKE shareholders approve buyout
Carpinteria-based CKE Restaurants said June 30 that 76 percent of its shareholders approved a $649 million cash acquisition by an affiliate of New York-based private equity firm Apollo Management. Shareholder approval was one of the final steps CKE, the parent company of Carl’s Jr. and Hardee’s fast food restaurants, needed to secure the deal, which Read More →
