July 1, 2024
Funds

San Jose restaurant owner sentenced – NBC Bay Area

A San Jose restaurant owner has been sentenced to 30 months in prison for fraudulently obtained and misusing millions of dollars in COVID-19 relief funds. Federal authorities said Thursday that David Tai Leung, 58, of Sacramento, pleaded guilty in February 2024 to three counts of wire fraud in connection with fraudulently obtained loans he received

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Funds

Bay Area man sentenced for misusing $3 million COVID restaurant funds

A Bay Area restaurateur will serve two and a half years in prison after admitting he misused COVID-19 relief funds intended for restaurants. The Northern California U.S. Attorney’s Office announced on Thursday that David Tai Leung, a co-owner of Tomi Sushi and Seafood Buffet in San Jose, pleaded guilty to three counts of wire fraud

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Property

San Jose to allow property owners to sell ADUs – NBC Bay Area

In an effort to tackle California’s affordable housing crisis, San Jose will allow property owners to sell ADUs on their property. San Jose becomes the first city in the state to move forward with the effort after the Legislature passed AB-1033 last year. “They’ve become an incredibly popular option,” said San Jose Mayor Matt Mahan.

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Funds

San Jose mayor wants to use permanent affordable housing funds for interim housing, creek cleanup – NBC Bay Area

San Jose creeks and rivers have a pollution problem and a study indicated almost 90% is a result of homeless encampments. That is the new factor that once again has Mayor Matt Mahan proposing the city take money from Measure E, essentially earmarked for permanent affordable housing, and use it for homeless issues including interim

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Finance

Fortuna reports financial results for the first quarter of 2024

Fortuna Silver Mines Inc. (All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) (“Fortuna” or the “Company”) today reported its financial and operating results for the first quarter of 2024. First Quarter 2024

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