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.
In about 2021, people began noticing that a real estate investment company was buying various properties in Sonoma, often leaving them vacant. It turns out the company was a house of cards, and now the bankruptcy sales have begun.
The 77-year-old suspect was based in Alamo and Danville and was the owner of Foundation Financial Group, which provided services in the Northern District of California, Idaho and throughout the U.S, the DOJ said.
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.
A Southern California woman was found guilty Thursday of defrauding an elderly Santa Rosa woman of more than $1.5 million in an elaborate Ponzi scheme, authorities said.
An Alameda man was sentenced to 30 months in prison and ordered to pay nearly $1.5 million in restitution after he admitted to defrauding millions of dollars from at least 20 individuals, federal prosecutors said Monday.
An attorney from Lafayette has been arrested and indicted in connection for his alleged role in the massive Ponzi scheme involving DC Solar.
An Alameda man has pleaded guilty to federal fraud charges related to cheating investors, the U.S. Department of Justice said Tuesday.
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.
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.
More than 100 victims are tied up in a $39 million Ponzi scheme run by 41-year-old Derek Chu of Alamo, according to federal prosecutors.
A Martinez woman was sentenced to over 11 years in prison for what federal prosecutors said was the biggest fraud scheme in the history of the Eastern District of California, U.S. Attorney Phillip Talbert announced Tuesday.
A former IRS agent and current Southern California tax professional was arrested last week and accused of running a Ponzi scheme that defrauded an elderly Santa Rosa woman of more than $1 million over seven years.
An electrician from Martinez has been ordered to pay $481 million in restitution and was sentenced to three years in federal prison in connection with a $1 billion Ponzi scheme.
Jeff Carpoff, owner of Benicia-based DC Solar, was sentenced to 30 years in federal prison Tuesday in a billion-dollar Ponzi scheme that he used to finance luxury homes and automobiles, the purchase of a minor league baseball team and a sponsorship of a NASCAR team.
California's attorney general on Friday charged 15 people with conspiring to defraud mostly elderly victims of Filipino descent out of a combined $5 million.
A Los Angeles man who was a former employee of a Novato-based real estate investment company was charged with running a $350 million Ponzi scheme, federal prosecutors said Tuesday.
California Attorney Xavier Becerra on Thursday announced the arrests of three individuals -- including one in Contra Costa County -- involved in an alleged $10 million Ponzi scheme that targeted more than 70 victims around the world.
The owners of DC Solar, a Benicia-based company, pleaded guilty Friday to charges related to a billion-dollar Ponzi scheme used to finance luxury homes and automobiles, the purchase of a minor league baseball team and a sponsorship of a NASCAR team, federal officials said.
A 55-year-old Indio man was indicted Friday by a federal grand jury in San Francisco on charges related to a $15 million Ponzi scheme involving about 50 victims.
The lawsuit estimates there are more than 460 defrauded investors which would work out to reimbursements of about $32,600 each.
Pearlman, credited for starting the boy-band craze and launching the careers of the Backstreet Boys and ''NSYNC, has died in prison while serving a 25-year sentence for a massive Ponzi scheme...
The Sonoma County District Attorney's Office and California Attorney General Kamala Harris filed a 164-count complaint Thursday against a Petaluma man suspected of stealing $20 million from dozens of investors in an alleged securities fraud Ponzi scheme.
Supervisor Alan Wong attempted to get support for a ballot measure to reopen the Great Highway to vehicles, but that plan fell apart on Tuesday.
The announcement was tied to a press conference held earlier today, where Mayor Daniel Lurie stood alongside Vanderbilt University leaders to announce plans to open a full-time campus in San Francisco by 2027. Vanderbilt plans to take over CCA's current site.
One Clear Lake family said, considering how long it took to stop the leak, they don't have a lot of faith in the district, and that when the cleanup is completed, they will be hiring an independent company to test the neighborhood wells before using the water again.
Draeger's Market first started in San Francisco in 1925, then expanded, opening the Blackhawk store in 2007.
After a few power outages last week, PG&E discovered gasoline was leaking into some of its electric vaults in Burlingame. The petroleum product came from a third-party source, according to a PG&E spokesperson,
Supervisor Alan Wong attempted to get support for a ballot measure to reopen the Great Highway to vehicles, but that plan fell apart on Tuesday.
The announcement was tied to a press conference held earlier today, where Mayor Daniel Lurie stood alongside Vanderbilt University leaders to announce plans to open a full-time campus in San Francisco by 2027. Vanderbilt plans to take over CCA's current site.
One Clear Lake family said, considering how long it took to stop the leak, they don't have a lot of faith in the district, and that when the cleanup is completed, they will be hiring an independent company to test the neighborhood wells before using the water again.
Draeger's Market first started in San Francisco in 1925, then expanded, opening the Blackhawk store in 2007.
After a few power outages last week, PG&E discovered gasoline was leaking into some of its electric vaults in Burlingame. The petroleum product came from a third-party source, according to a PG&E spokesperson,
Supervisor Alan Wong attempted to get support for a ballot measure to reopen the Great Highway to vehicles, but that plan fell apart on Tuesday.
The announcement was tied to a press conference held earlier today, where Mayor Daniel Lurie stood alongside Vanderbilt University leaders to announce plans to open a full-time campus in San Francisco by 2027. Vanderbilt plans to take over CCA's current site.
After a few power outages last week, PG&E discovered gasoline was leaking into some of its electric vaults in Burlingame. The petroleum product came from a third-party source, according to a PG&E spokesperson,
Head coach Kyle Shanahan stated that the goal is for Warner to return "next week," referencing a potential NFC Championship Game if the 49ers were to advance past the Seattle Seahawks on Saturday.
Authorities on the Peninsula have arrested a man on probation on multiple charges after he allegedly stole copper wire from Caltrain tracks over the weekend.
Draeger's Market first started in San Francisco in 1925, then expanded, opening the Blackhawk store in 2007.
The livestream unfolded with his team from LaRussell's garage, where he connected with fans through Instagram Live. During the broadcast, one woman shared that she was facing eviction. LaRussell covered the exact amount she needed to remain in her home.
A man suspected in an Antioch shooting that injured an 11-year-old girl earlier this month has turned himself in to authorities, police said.
A group of about 500 Berkeley residents who call themselves "The Alliance for Practical Fire Safety" has been pushing back on the effort to create a 5-foot barrier around their homes, known as Zone 0.
For decades, the city of Oakland has been plagued by illegal dumping, and even as crews cleaned up one particularly problematic site, it stood as a symbol of both the hope and despair of the problem the city faces.
Isabella Roy is a store manager at Westfield Valley Fair Mall in San Jose. But over the last few months, she's become all too familiar with what it feels like when that mall suddenly turns chaotic.
Two cities in the San Francisco Bay Area are facing a lawsuit brought on by the Trump administration seeking to end their bans on natural gas in new buildings.
The two-alarm fire happened around 9 a.m. at a two-story apartment complex on the 500 block of Toyon Avenue.
The crash happened around 9 p.m. Friday on the 1700 block of Mission Street. According to police, a driver heading northbound hit a man who was crossing the street outside of a marked crosswalk.
Three teenagers were arrested in Santa Rosa after another teen was shot at a park on Friday, police said.
One Clear Lake family said, considering how long it took to stop the leak, they don't have a lot of faith in the district, and that when the cleanup is completed, they will be hiring an independent company to test the neighborhood wells before using the water again.
San Rafael plans to build a shelter for people who are homeless, about 70 small cabins, using a Housing First approach. The model is built on the idea that for people living on the streets and battling addiction, it's hard to get sober without a place to live.
Residents say that what could replace an empty office building, which sits off the 101 Freeway in San Rafael at 700 Irwin Street, will worsen already heavily congested traffic.
Police said a Clearlake man who was in Estrella's Market around 5:30 p.m. Monday, went outside, returned and shot a man. An employee in the store is believed to have been hit by a bullet that ricocheted.
Two cities in the San Francisco Bay Area are facing a lawsuit brought on by the Trump administration seeking to end their bans on natural gas in new buildings.
Head coach Kyle Shanahan stated that the goal is for Warner to return "next week," referencing a potential NFC Championship Game if the 49ers were to advance past the Seattle Seahawks on Saturday.
The U.S. Trademark Office is rejecting the A's request to trademark the "Sacramento Athletics" name.
Tomas Hertl had two goals and three assists, Jack Eichel also scored twice and the Vegas Golden Knights beat San Jose 7-2 on Sunday night, ending young Sharks star Macklin Celebrini's points streak at 13 games.
Nickeil Alexander-Walker scored 24 points, Jalen Johnson contributed 23 points, 11 rebounds and six assists and the Atlanta Hawks beat the Golden State Warriors 124-111.
The Eagles were eliminated from the playoffs in a 23-19 loss to the 49ers in the wild-card round of the NFL playoffs Sunday at Lincoln Financial Field.
Police said a Clearlake man who was in Estrella's Market around 5:30 p.m. Monday, went outside, returned and shot a man. An employee in the store is believed to have been hit by a bullet that ricocheted.
A man suspected in an Antioch shooting that injured an 11-year-old girl earlier this month has turned himself in to authorities, police said.
Authorities in Central California have arrested a man on animal cruelty and other charges after he allegedly shot a friend's dog and forced him to bury his pet at gunpoint.
Isabella Roy is a store manager at Westfield Valley Fair Mall in San Jose. But over the last few months, she's become all too familiar with what it feels like when that mall suddenly turns chaotic.
Around 5:30 p.m., police were alerted to a shooting at Estrella's Market, which is located at 10351 Old Redwood Highway. Two people were injured, and investigators believe they may have been targeted.
Defense Secretary Pete Hegseth says the Pentagon will start using Elon Musk's AI chatbot Grok. The word comes days after Grok drew global outcry for generating highly sexualized deepfake images.
Kaiser Permanente has reached a lawsuit settlement over alleged patient data breaches involving Kaiser websites and mobile applications, with members eligible to receive a payment from a $46 million settlement fund, the health care giant announced.
Nearly four years after an East Bay woman was victimized in a six-figure cryptocurrency investment scam, police said much of the money has been recovered.
Facebook owner Meta has named Dina Powell McCormick, a former Trump administration adviser and longtime finance executive, as its new president and vice chairman.
Google is souping up Gmail with features from its Gemini 3 AI app. Here's what to know — including how to opt out.
Kaiser Permanente has reached a lawsuit settlement over alleged patient data breaches involving Kaiser websites and mobile applications, with members eligible to receive a payment from a $46 million settlement fund, the health care giant announced.
Several East Bay hospitals that serve Alameda County's most vulnerable residents have issued layoff notices to staff, citing major federal cuts to Medicaid that administrators say will significantly affect their finances.
Health officials in Sonoma County are urging the community to not eat and forage for wild mushrooms, following the poisoning death of a county resident.
This week, the U.S. Centers for Disease Control and Prevention (CDC) issued new vaccination guidelines and now, some western states are telling people they're too dangerous to follow.
FDA-approved semaglutide drug is the first GLP-1 pill for weight loss available in the U.S., according to drugmaker Novo Nordisk.
Supervisor Alan Wong attempted to get support for a ballot measure to reopen the Great Highway to vehicles, but that plan fell apart on Tuesday.
San Rafael plans to build a shelter for people who are homeless, about 70 small cabins, using a Housing First approach. The model is built on the idea that for people living on the streets and battling addiction, it's hard to get sober without a place to live.
Residents say that what could replace an empty office building, which sits off the 101 Freeway in San Rafael at 700 Irwin Street, will worsen already heavily congested traffic.
Two cities in the San Francisco Bay Area are facing a lawsuit brought on by the Trump administration seeking to end their bans on natural gas in new buildings.
Republican Rep. James Comer of Kentucky, the committee's chairman, said the panel will move next week on holding them in contempt.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
Oasis nightclub announced plans to close six months ago. New Year's Eve was slated for the final performance. A last-minute, multi-million dollar donation turned the final curtain call into an encore performance.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
A group of transgender members of the U.S. Air Force and Space Force forced to leave active duty under the Trump administration's policies say their benefits were revoked in a rare move.
California state Sen. Scott Wiener of San Francisco announced Wednesday that he is running for Nancy Pelosi's congressional seat next year.
The livestream unfolded with his team from LaRussell's garage, where he connected with fans through Instagram Live. During the broadcast, one woman shared that she was facing eviction. LaRussell covered the exact amount she needed to remain in her home.
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
From historic wins to powerful speeches, here are the highlights and most memorable moments from the 2026 Golden Globes.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
The San Francisco Grateful Dead community is coming together after it was announced that one of the founding members, Bob Weir, has died at the age of 78.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Amanda Hari reports on the political fight to reopen the Great Highway to vehicles. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
John Ramos reports on a sewage spill in Clear Lake. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Katie Nielsen reports on the planned closure of Draeger's Market in Danville. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Max Darrow reports on businesses in Burlingame being affected by gas leaks. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Brad Hamilton reports on Vanderbilt University's plan to open a satellite campus in San Francisco. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.