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.
Two women have been working to build a life-changing community of support in two Concord parks for some 2,000 unhoused people in Contra Costa County.
There's a push at the California State Capitol to allow community colleges to offer bachelor's degree programs.
Multiple elephant seal pups along the Northern California coast have tested positive for the deadly avian influenza, or bird flu, according to new research from the University of California.
Officials in San Jose began notifying residents of a large homeless encampment in the city about plans to clear out the area in April.
The San Francisco Board of Supervisors on Tuesday unanimously approved an ordinance prohibiting federal immigration operations on city property.
Two women have been working to build a life-changing community of support in two Concord parks for some 2,000 unhoused people in Contra Costa County.
There's a push at the California State Capitol to allow community colleges to offer bachelor's degree programs.
Multiple elephant seal pups along the Northern California coast have tested positive for the deadly avian influenza, or bird flu, according to new research from the University of California.
Officials in San Jose began notifying residents of a large homeless encampment in the city about plans to clear out the area in April.
The San Francisco Board of Supervisors on Tuesday unanimously approved an ordinance prohibiting federal immigration operations on city property.
Multiple elephant seal pups along the Northern California coast have tested positive for the deadly avian influenza, or bird flu, according to new research from the University of California.
The San Francisco Board of Supervisors on Tuesday unanimously approved an ordinance prohibiting federal immigration operations on city property.
A person fell from a cliff along the Devil's Slide area of the San Mateo County coast and died on Tuesday, authorities said.
The next Fix-It Clinic in the area is scheduled for Feb. 25 from 5:30 to 7:30 p.m. at the John Daly Library in Daly City, where residents can bring broken household items and bicycles for free repair assistance.
A San Francisco woman was arrested after allegedly shoplifting more than $1,500 in merchandise from a San Mateo Lululemon store, police said.
Two women have been working to build a life-changing community of support in two Concord parks for some 2,000 unhoused people in Contra Costa County.
The city of Oakland announced that a community-wide celebration is being planned for two-time Olympic gold medalist Alysa Liu. A date has not yet been set, with the city saying they are still working with Liu's team.
Authorities in Contra Costa County have launched a homicide investigation following a fatal shooting near Bethel Island on Monday night.
The city posted notices last week saying they would be cleaning up the encampment on Tuesday. Monday, it was delayed. Still, homeless residents were trying to figure out what's next.
Police said that the victim was not at the scene but had been located with life-threatening injuries at a local hospital.
Officials in San Jose began notifying residents of a large homeless encampment in the city about plans to clear out the area in April.
Police in San Jose released additional details about a deadly shooting Tuesday morning, saying a man killed his former girlfriend before turning the gun on himself.
A San Francisco Bay Area animal shelter said it has been flooded with phone calls after a fake AI-generated post claiming one of its dogs would be euthanized went viral.
The entire project cost the district about $13.33 million. District leaders said they're also receiving a $3.75 million reimbursement from the Investment Tax Credit allocated for the project. They expect to save more than $30 million total over the next 25 years.
The city of Mountain View turned off its Flock cameras after the police chief said out-of-state agencies were accessing data collected in the city. During the city council meeting Tuesday night, council members voted to terminate the contract with Flock Safety
Authorities in the San Francisco Bay Area have arrested three people from the East Coast on suspicion of identity theft in an alleged bank fraud case, including a woman who was reported missing several months ago.
Police in Vallejo said they arrested a driver on multiple felony charges following a pursuit over the weekend that covered nearly 16 miles.
The warning was in effect for Neeley Road and Orchard Avenue, between River Lane and Montesano Avenue, due to landslide and tree fall risk.
It would have been the festival's third year and was planned for May 30 and 31 at Napa Valley Expo.
Authorities in Marin County are investigating after a man was found shot along Highway 37 in Novato over the weekend.
The city of Oakland announced that a community-wide celebration is being planned for two-time Olympic gold medalist Alysa Liu. A date has not yet been set, with the city saying they are still working with Liu's team.
Bo Davidson has torn through the minors in his first two full seasons in the Giants system.
Early on at spring training, Giants veterans Willy Adames and Matt Chapman pulled some of the young position players in camp aside with a simple message: just be yourself.
American skier Lindsey Vonn, who crashed seconds into her downhill race at the 2026 Winter Olympics, said she is finally out of the hospital as she recovers.
Brandin Podziemski scored 12 of his 18 points in the final five minutes of the fourth quarter and the Golden State Warriors beat the Denver Nuggets 128-117 on Sunday.
The San Francisco Board of Supervisors on Tuesday unanimously approved an ordinance prohibiting federal immigration operations on city property.
Police in San Jose released additional details about a deadly shooting Tuesday morning, saying a man killed his former girlfriend before turning the gun on himself.
Officers arrested the 25-year-old man after he posted a video of himself pouring a BuzzBall into a bird's mouth.
Police in San Jose have launched a homicide investigation after two people were found fatally shot in a parking lot Tuesday morning.
Authorities in the San Francisco Bay Area have arrested three people from the East Coast on suspicion of identity theft in an alleged bank fraud case, including a woman who was reported missing several months ago.
A San Francisco Bay Area animal shelter said it has been flooded with phone calls after a fake AI-generated post claiming one of its dogs would be euthanized went viral.
Consumers today can easily spend more than $1,000 a year for streaming TV, music and other widely used apps, new analysis finds.
The entire project cost the district about $13.33 million. District leaders said they're also receiving a $3.75 million reimbursement from the Investment Tax Credit allocated for the project. They expect to save more than $30 million total over the next 25 years.
The city of Mountain View turned off its Flock cameras after the police chief said out-of-state agencies were accessing data collected in the city. During the city council meeting Tuesday night, council members voted to terminate the contract with Flock Safety
The Pentagon may decide to officially designate Anthropic as a "supply chain risk" to push them out of government, sources say.
Multiple elephant seal pups along the Northern California coast have tested positive for the deadly avian influenza, or bird flu, according to new research from the University of California.
About 1,300 nurses and support staff at MarinHealth Medical Center plan to stage a one-day strike on Wednesday, citing stalled contract negotiations over wages and healthcare benefits.
Health officials in the East Bay said a man has died from consuming toxic wild mushrooms, amid an ongoing spike in mushroom-related poisonings throughout California.
Health officials in Napa County confirmed Wednesday that a child has been diagnosed with measles in the county's first case in nearly 15 years.
Over the years, Dr. Rachel Forer has found plenty of ways to take the sting out of going to the dentist. But no matter how hard she tried, fear had a way of creeping in.
U.S. District Judge Brian Murphy ruled that the Trump administration's policy for swiftly deporting migrants to third countries violates federal immigration law and the Constitution.
Former Treasury Secretary Larry Summers will resign from his remaining roles at Harvard over his ties to Jeffrey Epstein, the university confirmed to CBS News.
CBS News fact checked President Trump's 2026 State of the Union address, and Virginia Gov. Abigail Spanberger's Democratic response.
The city of Mountain View turned off its Flock cameras after the police chief said out-of-state agencies were accessing data collected in the city. During the city council meeting Tuesday night, council members voted to terminate the contract with Flock Safety
President Trump defended his first year back in office in his 2026 State of the Union address, touting his record on immigration, the economy, tariffs and more.
A Yosemite park ranger was fired last year after helping to display a transgender pride flag from El Capitan.
After more than two years of renovations, the historic Castro Theatre is back open for business.
A large Pride flag has been removed from the Stonewall National Monument in Greenwich Village. The National Park Service said it did so under guidance from the federal government.
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.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
The city of Oakland announced that a community-wide celebration is being planned for two-time Olympic gold medalist Alysa Liu. A date has not yet been set, with the city saying they are still working with Liu's team.
It would have been the festival's third year and was planned for May 30 and 31 at Napa Valley Expo.
Nick Reiner, 32, was charged with two counts of murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
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.
Two women have been working to build a life-changing community of support in two Concord parks for some 2,000 unhoused people in Contra Costa County. Sharon Chin reports.
Meteorologist Zoe Mintz says temperatures will be warming to above average through the week, with a cooldown coming by the weekend.
Elephant seal pups along the Northern California coast have tested positive for the deadly avian influenza, University of California researchers said.
In the age of climate change and drought swings, California is setting a statewide water supply target for the first time to offset supply issues and help power 18 million homes. Ryan Yamamoto reports.
New surveillance video was released of a horrific crash in Oakley involving a group of boys in a stolen car from Antioch that was being chased by police. Reporter Brad Hamilton spoke to a neighbor of the innocent victim killed in the crash.
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.