May 3, 2025

california

Finance

Oakland finance director resigns; mayor delays release of budget

OAKLAND — Oakland’s interim mayor is delaying the release of a deeply consequential, two-year budget proposal that had been expected to detail how the city would balance a looming $265 million budget shortfall. The move by Interim Mayor Kevin Jenkins comes just two weeks after Oakland’s top finance official quietly resigned from the job she’s

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Funds

Caltrain employee guilty of using public funds to build secret apartment in train station – The Mercury News

REDWOOD CITY – A jury on Wednesday found a former Caltrain deputy director guilty of embezzling public funds to build a personal “crash pad” in a historic Burlingame train station, declining the defense’s argument that his supervisor had given him permission to put the funds toward renovating the apartment and residing there while working 80-hour

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Investment

Second Homeboy Industries investment in Pasadena to open – Daily News

Homeboy Industries, the world’s largest gang intervention, rehabilitation and re-entry program, will celebrate the grand opening of Homeboy Puppy Fades dog grooming salon at 10:30 a.m. Monday, April 21, at the new business, 446 S. Fair Oaks Ave., Pasadena. The Rev. Greg Boyle, founder of Homeboy Industries, will be on hand, together with Victor M.

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Funds

How have tariffs affected CALPERS, CALSTRS

Adam Ashton  |  CalMatters Hands Off protest against Trump, Musk in Palm Springs People gather at Palm Springs City Hall on Saturday, April 5, 2025, to protest the actions of the Trump administration, including Elon Musk’s role. This story was originally published by CalMatters. Sign up for their newsletters. The investment chief who’s responsible for the retirement plans

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Crypto

Noah Urban of Palm Coast pleads guilty cryptocurrency theft

Noah Michael Urban, 20, faces decades in federal prison and has agreed to make restitution of more than $13 million. He has yet to be sentenced. A Palm Coast man who called himself “King Bob” has pleaded guilty to charges in Florida and California for his role in a cryptocurrency heist and hacking cases; he faces decades

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Funds

Sheng Thao considered using Oakland’s funds to hire consultant her campaign owed

OAKLAND — Nearly six months after Sheng Thao took office, she still owed tens of thousands of dollars to the campaign manager who had helped deliver her a victory. Long-established state law prohibits politicians from using public funds to finance election campaigns, but in newly released records, Thao’s top staffer said her boss had considered

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Finance

How to finance blacklisted Fannie Mae condos – Orange County Register

Fannie Mae tightened the screws on every condo association in America after the 2021 Chaplain Towers collapse in Surfside, Florida, where 98 lives were tragically lost. Financial and operational standards must be met, or the association is blacklisted. That’s budgeting, financial reserves, acceptable property maintenance and the like. In industry parlance, these blacklisted associations are

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Loans

Is 725% interest on short-term loan from Clear Air Lending legal?

The father said he didn’t know the interest rate on the loan, other than it was absurdly high. When I looked up the online lender, an apparently legitimate business called Clear Air Lending, I was stunned to see it charges as much as 725 percent on its loans. That’s right, 725 percent. With excellent credit

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Finance

Evan Low fined $106,000 for campaign finance violations including “intent to conceal” payment to Alec Baldwin – East Bay Times

California’s political watchdog organization is slapping former Assemblymember Evan Low with a $106,000 fine for 23 counts of violating state campaign finance laws — allegations that include using his tech nonprofit to pay actor Alec Baldwin more than $227,000 to appear at an event for the group and a fundraiser for Low, which investigators said

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Finance

Evan Low fined $106,000 for campaign finance violations including “intent to conceal” payment to Alec Baldwin – The Mercury News

California’s political watchdog organization is slapping former Assemblymember Evan Low with a $106,000 fine for 23 counts of violating state campaign finance laws — allegations that include using his tech nonprofit to pay actor Alec Baldwin more than $227,000 to appear at an event for the group and a fundraiser for Low, which investigators said

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