RadioShack buyers ran a Ponzi scheme, SEC alleges
The buyers of distressed brick-and-mortar companies like RadioShack and Modell's Sporting Goods, are accused of running a Ponzi scheme.
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The buyers of distressed brick-and-mortar companies like RadioShack and Modell's Sporting Goods, are accused of running a Ponzi scheme.
A California real estate mogul has been arrested and is facing multiple federal charges for allegedly running a 15-year Ponzi scheme that defrauded hundreds of investors out of nearly $30 million.
A Northern California man who tried to evade FBI agents with an underwater scooter pleaded guilty to a $35 million Ponzi scheme, prosecutors announced Thursday.
A retired IRS agent from Southern California has been sentenced to state prison after she was convicted of defrauding an elderly San Francisco Bay Area woman out of $1 million in life savings.
Nearly 25,000 of the victims in Madoff's Ponzi scheme will see restitution through the Madoff Victim Fund.
A Richmond woman is accused of orchestrating a Ponzi scheme that targeted the Tongan community and stole more than $13 million from over 1,000 people, authorities say.
After his arrest, Ray Brewer claimed he saved several soldiers from a fire while serving in the Navy, but later admitted, "these were both lies meant to curry favor with law enforcement."
A Central Valley man was sentenced to federal prison Monday after he was convicted in a nearly $9 million Ponzi scheme where he claimed to turn cow manure into green energy.
The owner of a San Francisco Bay Area solar energy company was sentenced to 30 years in federal prison Tuesday for an audacious Ponzi scheme that defrauded investors of $1 billion.
A suspect in a $35 million Ponzi scheme is in custody after trying to escape arrest by using sea scooter to hide from FBI agents in Shasta Lake.
The owners of a Bay Area solar energy company pleaded guilty Friday to charges that they plotted a massive Ponzi scheme that defrauded investors of $1 billion.
A federal grand jury has convicted a 46-year-old former western New York attorney of mail fraud in connection with a multimillion-dollar Ponzi scheme.
Prosecutors claimed Daniel Powell bilked about 50 people across the country out of $4 million in a Ponzi scheme.
A former San Francisco attorney is facing charges that he defrauded investors of $7 million in a Ponzi scheme.
A Sacramento man has been sentenced to 18 years in state prison after pleading guilty to charges that he ran a Ponzi scheme that defrauded mostly elderly investors of more then $4 million.
A man being dubbed Sacramento's Bernie Madoff is now behind bars after federal investigators say he made millions off a Ponzi scheme.
Kwanzaa began 59 years ago and today, it's become a way to educate youth about Pan African struggles and achievements in the past.
At the Westfield Galleria in Roseville, they expect nearly 75,000 people to walk through their doors the day after Christmas. Those numbers are up by 4% compared to last year.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
As prosecutors contend with a massive trove of Epstein files, President Trump suggested Friday the Justice Department is spending too much time on the issue — but said Democrats should be named.
Two Mammoth Mountain ski patrollers were caught in an avalanche while doing avalanche mitigation work on Friday, the resort said.
Davis police say they have made a second arrest in connection with a shooting at Picnic Day earlier this year.
At the Westfield Galleria in Roseville, they expect nearly 75,000 people to walk through their doors the day after Christmas. Those numbers are up by 4% compared to last year.
Kwanzaa began 59 years ago and today, it's become a way to educate youth about Pan African struggles and achievements in the past.
Roads are a mess across Northern California as a storm moves through the region on Christmas Eve.
Checking out the holiday lights in Sacramento's Fab 40s neighborhood is an annual Christmas tradition. It can sometimes cause big traffic jams, but this year, there's a new traffic twist thanks to some mysterious signs.
Crew members of flight 2026 reported a bird strike not long after the flight took off from the Sacramento airport, Alaska Airlines said on Tuesday.
Among the photos are familiar names like Copeland's Sports and the Waldenbooks store. Visitors will also find vintage clothing and accessories, including limited-edition Hello Kitty overalls and old shopping bags from a time before online shopping existed.
The Lake County Sheriff's Office said three people from Sacramento and one from the Bay Area were arrested as suspects in burglaries that happened in Upper Lake, Nice and Ukiah.
Sacramento police on Sunday said a thief stole a portion of a public artwork that is located in North Sacramento.
Two Mammoth Mountain ski patrollers were caught in an avalanche while doing avalanche mitigation work on Friday, the resort said.
A California Highway Patrol task force this month arrested 13 people and recovered over $800,000 in stolen merchandise in connection with an organized retail theft ring that operated across Northern California.
Pacific Grove police identified the missing swimmer as a 55-year-old Monterey County woman and said that search efforts were suspended on Monday.
California's commercial Dungeness crab season is set to open on January 5 with limits on the number of commercial traps because of the risk of humpback whale entanglements, authorities said Friday.
The DMV said it is giving Tesla Motors 60 days to address its misleading use of "autopilot," or it could have its dealer license temporarily suspended.
The Las Vegas Raiders have decided to bench defensive end Maxx Crosby for Sunday's home game against the New York Giants in a matchup of teams with the NFL's worst records.
Left fielder Tyler Soderstrom and the Athletics have agreed to an $86 million, seven-year contract, according to a person with knowledge of the negotiations.
Dennis Schroder made a 3-pointer with 2.2 seconds remaining in overtime, lifting the Sacramento Kings to a 125-124 victory over the Houston Rockets.
Deni Avdija had 24 points, 10 assists and seven rebounds and the Portland Trail Blazers beat the Sacramento Kings 98-93 on Saturday night to sweep a home-and-home series.
Sacramento Kings center Domantas Sabonis will miss another month due to a left knee injury.
As prosecutors contend with a massive trove of Epstein files, President Trump suggested Friday the Justice Department is spending too much time on the issue — but said Democrats should be named.
The Veterans Affairs Department is reimposing a near total ban on abortions for veterans and their families that was modified in 2022.
Strikes against ISIS targets in Nigeria come after President Trump spent weeks accusing the West African country's government of failing to rein in the persecution of Christians.
The message, aired on Channel 4 on Christmas Day, reflected on the impact of President Trump's second term in office thus far.
The Justice Department said the process of releasing the Epstein files may take "a few more weeks" due to the volume of materials.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
A steady stretch of nonstop fog over the last couple of weeks isn't just dampening moods, it may be taking a toll on physical health as well.
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
The plan is to embed street medicine training directly into residency programs across multiple hospitals.
Consumers with the imported pans should throw them away due to the severe health risks posed by lead, the agency warns.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
An economic blackout was underway Friday as activists nationwide encouraged people not to spend their money at large corporations, retailers and fast-food chains for 24 hours.
San Joaquin County's retail theft reporting app has only been around for six months and is already bringing a sense of calmness to local business owners.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
More than two dozen structures were destroyed in a wildfire in the eastern Sierra Nevada mountains on Wednesday afternoon, officials said.
Clean-up has started in Chinese Camp after the TCU September Lightning Complex Fire ripped through the Gold Rush town earlier this month.
The fires burning in Calaveras and Tuolumne County caused air quality officials to issue a smoke advisory, warning people that the air quality may be unhealthy for sensitive groups.
The TCU Lightning Complex fires have burned nearly 14,000 acres in Central California, but in a Saturday update, Cal Fire said containment was at 42%.
A vegetation fire near El Dorado Hills broke out on Labor Day, quickly growing in size and prompting evacuations, officials said.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
Junior Romello Bruhn of Woodland Christian High School is closer than ever to scoring 3,000 career points, something only 13 high school athletes have accomplished in California state history.
The scene was in the area of East Edwards and East streets.
Kwanzaa began 59 years ago and today, it's become a way to educate youth about Pan African struggles and achievements in the past.
Conor McGill reports.
Here is a look at your next seven days of weather!
Carmela Karcher reports.