Newbury Park man gets 5 years in prison for elder scam
A Newbury Park man was sentenced to five years in state prison on Sept. 9 for his role in an investment scheme targeting elders. Rod Hormell was a financial adviser. In May, the 59-year-old pleaded guilty to felony violations of theft from an elder and fraudulent sale of securities, admitting to stealing more than $100,000. Read More →
Jury awards $15.6 million to Simi Valley woman in MetLife suit
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Parties in negotiations to settle Sientra lawsuit
Parties in one of the two lawsuits facing embattled breast implant manufacturer Sientra are in negotiations to settle the case. Documents dated Sept. 2 state three plaintiffs including the Oklahoma Police Pension and Retirement System are negotiating a settlement with Goleta-based Sientra in a lawsuit in state court in San Mateo. At an Aug. 23 Read More →
Fire inspection scammer arrested
Authorities arrested a man who scammed Santa Barbara County businesses with false invoices for fire inspection services that were not actually performed. The Santa Barbara County District Attorney’s Office announced on Sept. 1 that it arrested Robert Musich in Pomona for allegedly duping 834 California victims. Musich was arrested on suspicion of 11 felony counts, Read More →
Simi Valley resident awarded $16M in MetLife financial elder abuse scheme
Updated at 9 a.m. on Sept. 7: A grandmother who invested her life savings in a fraudulent investment scheme hatched by a MetLife insurance agent was awarded $15.6 million. Simi Valley resident Christine Ramirez invested $279,769 with a real estate fund Diversified Lending Group that promised that the unregistered and ultimately worthless securities would provide Read More →
Jackson bill passes Senate
A bill authored by State Sen. Hannah-Beth Jackson, D-Santa Barbara, that could expand paternity leave for small business employees passed the Senate and now heads to the desk of Gov. Jerry Brown. Senate Bill 654 will expand the state’s Paid Family Leave Program to employees at small businesses with 20 to 49 employees. Current law Read More →
Legislature holds bill that would help elder financial abuse victims
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