July 30, 2025

Palo Alto

Loans

Bishop pleads guilty to fraudulently taking out loans on Bay Area church properties – The Mercury News

OAKLAND — A former African Methodist Episcopal Zion Church bishop pleaded guilty Tuesday to wire fraud, mail fraud and conspiracy to commit wire and mail fraud for transferring church property deeds to an entity he created then using them to obtain loans, prosecutors said. Staccato Powell, a 65-year-old resident of Wake Forest, North Carolina, agreed

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Loans

$750 million loan for Bay Area transit

Top California Democrats say they’ve averted a worst-case scenario for struggling Bay Area transit agencies — but only for now. Tucked into the $320 billion state budget agreement that Gov. Gavin Newsom signed last week is a $750 million loan for four local transit agencies to keep operating while they face massive deficits. The loan

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