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By Stephen Nellis / Friday, May 3rd, 2013 / Banking & Finance, Law & Goverment, Top Stories, Tri-County Economy / Comments Off on Nipomo man must return $47M to fraud victims, banks
John Mark Moore, 51, of Nipomo has pleaded guilty in federal court to defrauding his in-laws, a former business partner and five banks out of as much as $47 million. Before his sentencing in July, Moore is likely to try to return as much of that as he can as restitution, according to prosecutors. But Read More →
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By Stephen Nellis / Friday, May 3rd, 2013 / Technology, Top Stories / Comments Off on Rosetta settles in, Adamksi named CEO
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By Marlize van Romburgh / Friday, May 3rd, 2013 / Banking & Finance, Banking Industry, Top Stories / Comments Off on Branch bidding war looms for Ventura County
PacWest Bancorp’s $231 million acquisition of Westlake Village-based First California Bank will push numerous Ventura County branches onto the market, and the CEO of the next largest independent bank in the region says she’s taking a hard look. “It’s a market we’re very interested in expanding into,” Simone Lagomarsino, CEO of Paso Robles-based Heritage Oaks Read More →
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By Stephen Nellis / Friday, April 26th, 2013 / Banking & Finance, Technology, Top Stories / Comments Off on Swiss firm snags Power-One at bargain price
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By Stephen Nellis / Friday, April 26th, 2013 / Technology, Top Stories / Comments Off on Investors jump on FastSpring as revenue soars
Santa Barbara-based e-commerce company FastSpring has potentially received as much as $12.4 million in venture capital and has plans to boost hiring in the region. FastSpring, which was founded in 2005, saw its revenue reach $95 million last year. Despite having topped the Business Times’ list of fastest-growing companies and ranking high on national and Read More →
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By Dana Olsen / Friday, April 26th, 2013 / Top Stories, Tri-County Economy / Comments Off on Chancellor calls on private sector to support CSU growth
California State University Channel Islands has grown at a rapid clip since it opened its doors in 2002, a pace that’s expected to continue over the next decade as the school depends less on the state for funding and reaches out to the private sector. Timothy White, who became chancellor of the California State University Read More →
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By Stephen Nellis / Friday, April 19th, 2013 / Top Stories, Tri-County Economy / Comments Off on Living wage: Rising costs but murky benefits
The city of Santa Barbara’s living wage, the highest in California, has tacked more than $1 million on to city services contracts during the past six years. But the city has never determined whether the increased wages are actually reaching workers because no contractor has ever been formally audited for compliance. The living wage ordinance Read More →
