Montecito man gets 3 years for stock fraud scheme
Latest news, Law & Goverment, South Coast, Tri-County EconomyEfstratios “Elias” Argyropoulos of Montecito was sentenced Aug. 31 to three years in federal prison for defrauding 130 investors out of more than $3.4 million, federal prosecutors announced. Argyropoulos was the president and sole shareholder of the financial services firm Prima Ventures from 2010 to 2015. During that time, he told investors he had the Read More →
Direct Relief benefits from settlement over overpriced, counterfeit masks
Health Care & Life Science, Latest news, Law & Goverment, NonprofitsAmazon and 3M teamed up to fight back against sellers who price-gouge essential personal protective equipment supplies, and they’re donated the results of that lawsuit to Direct Relief, the Santa Barbara-based nonprofit. 3M filed the lawsuit June 8, asserting that third-party sellers used Amazon to defraud customers by misrepresenting the condition of fake respirators, as Read More →
Region’s companies well represented on Inc. 5000 fastest-growing list
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Revenue up at Semtech, down at QAD
Banking & Finance, Earnings, Latest news, South Coast, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura CountyTwo of the region’s top technology companies reported second quarter earnings on Aug. 26, with results underscoring how the Internet of Things and cloud computing are transforming established players in semiconductors and software. Camarillo-based Semtech Corp, with a market cap of slightly more than $4 billion, said sales for the second quarter were $143.7 million, Read More →
Vista Equity founder Robert Smith under tax investigation
Central Coast, Latest news, South Coast, Technology, Tri-County Economy, West Ventura CountyRobert Smith, the founder of Vista Equity Partners, which counts Mindbody and LogicMonitor in its portfolio, is facing an investigation by U.S. tax authorities over his personal offshore holdings. According to reports first published in Bloomberg, then in the Financial Times and others, Smith has come under scrutiny over tax treatment of millions of dollars Read More →
Unemployment rate drops in Tri-Counties, still in double digits
Central Coast, East Ventura County, Latest news, South Coast, Tri-County Economy, West Ventura CountyUnemployment rates in Ventura, Santa Barbara and San Luis Obispo counties continued to inch downward in July, though all three remained at historically high levels in the fourth month of the coronavirus pandemic. The combined civilian unemployment rate for the tri-county area was 10.7 percent in July, according to a Business Times analysis of data Read More →
Interlink shares rise despite earnings drop
Banking & Finance, Earnings, Latest news, Technology, Tri-County Economy, Tri-County Public Companies, West Ventura CountyInterlink Electronics shares popped 36 percent to a new 52-week high ahead of an earnings report on Aug. 17 that showed a 15 percent dip in revenue but net income that stayed barely in the black. The results come as the sensor manufacturer is preparing to move into a new headquarters in Irvine and make Read More →
