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 suspects were arrested following a shooting that followed a carjacking in Oakley and a police chase that ended in Oakley early Monday morning, authorities said.
Do you ever feel like someone's watching you? Well, you might be right, and it might be your boss.
The San Francisco 49ers packed up their belongings and headed home as work was being done around their home venue to get Levi's Stadium ready to host the Super Bowl next month.
SFO said the employee worked for the Dubai National Air Travel Agency, DNATA, and that OSHA was at the scene Sunday night interviewing his employer.
A three-alarm fire broke out at a multi-story apartment building in downtown Oakland Monday morning, officials said.
Two suspects were arrested following a shooting that followed a carjacking in Oakley and a police chase that ended in Oakley early Monday morning, authorities said.
The San Francisco 49ers packed up their belongings and headed home as work was being done around their home venue to get Levi's Stadium ready to host the Super Bowl next month.
SFO said the employee worked for the Dubai National Air Travel Agency, DNATA, and that OSHA was at the scene Sunday night interviewing his employer.
A three-alarm fire broke out at a multi-story apartment building in downtown Oakland Monday morning, officials said.
The National Football League will kick off Super Bowl LX with an opening ceremony performance by hometown rock legends Green Day as part of the festivities at Levi's Stadium in Santa Clara, the league announced Sunday.
SFO said the employee worked for the Dubai National Air Travel Agency, DNATA, and that OSHA was at the scene Sunday night interviewing his employer.
During that time, PG&E will complete its final tests of the Mission Substation equipment that was damaged in the fire on Dec. 20.
An investigation is ongoing after a man died days after an assault in San Francisco, authorities said.
San Francisco 49ers fans returned home quietly after their season ended with a blowout loss in Seattle, but many said the team exceeded expectations despite a season plagued by injuries.
Multiple people were injured after a vehicle crashed into an occupied church in San Francisco on Sunday, authorities said.
Two suspects were arrested following a shooting that followed a carjacking in Oakley and a police chase that ended in Oakley early Monday morning, authorities said.
A three-alarm fire broke out at a multi-story apartment building in downtown Oakland Monday morning, officials said.
A train hit and killed a pedestrian on the tracks in Berkeley on Monday, authorities said.
Police in San Leandro said an officer shot at a man who was allegedly armed with a rifle following a vehicle pursuit early Monday morning.
An investigation is underway after a man died in custody at a Contra Costa detention facility on Sunday, authorities said.
Authorities in Santa Cruz County said they would increase patrols at schools, after a firearm and ammunition were found on a high school campus over the weekend.
Police in Monterey County fatally shot a driver during a traffic stop over the weekend, according to authorities.
A man suspected in a crime spree involving more than 100 auto break-ins at four housing complexes in San Jose has been arrested, police said Friday.
The suspect in the kidnapping and sexual assault of a teenage girl in San Jose was identified as a registered sex offender, police announced on Friday.
From the California coast, you can see a lot of surfers. It's not so easy to see a blue whale. However, at UC Santa Cruz, you can walk right up to a legendary blue whale, or at least its skeleton.
A group of protesters and faith leaders held vigil in front of the Sonoma County Adult Detention Facility to draw attention to something that is becoming rare among Bay Area communities.
The Bay Area's Spare the Air alert has been extended to at least Saturday as a high-pressure system is expected to hang around and impact air quality.
A man serving life in prison for a deadly gang shooting in Southern California has died following an altercation with another inmate at a prison in Solano County, officials said.
One Clearlake 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.
The San Francisco 49ers packed up their belongings and headed home as work was being done around their home venue to get Levi's Stadium ready to host the Super Bowl next month.
The National Football League will kick off Super Bowl LX with an opening ceremony performance by hometown rock legends Green Day as part of the festivities at Levi's Stadium in Santa Clara, the league announced Sunday.
The San Jose Sharks have acquired one of the most sought-after trade candidates of the NHL season by getting winger Kiefer Sherwood from the Vancouver Canucks.
The Baltimore Ravens have interviewed San Francisco 49ers defensive coordinator Robert Saleh and Buffalo Bills offensive coordinator Joe Brady for their head coaching vacancy.
De'Anthony Melton scored 24 points as Golden State had eight players reach double figures in the Warriors' 136-116 victory over the Charlotte Hornets on Saturday night.
Two suspects were arrested following a shooting that followed a carjacking in Oakley and a police chase that ended in Oakley early Monday morning, authorities said.
Authorities in Santa Cruz County said they would increase patrols at schools, after a firearm and ammunition were found on a high school campus over the weekend.
The video shows burglars slicing into display cases under the eyes of several Louvre Museum staff members who do not intervene.
Police in Monterey County fatally shot a driver during a traffic stop over the weekend, according to authorities.
Police in San Leandro said an officer shot at a man who was allegedly armed with a rifle following a vehicle pursuit early Monday morning.
Verizon says it's giving a $20 credit to customers affected an outage that disrupted service across the U.S.
Grok faces mounting scrutiny from government officials and advocacy groups after people used the AI chatbot to create sexualized images of minors and women.
Mother of Colorado man who committed suicide in 2025 alleges that OpenAI's AI chatbot told him death was a "beautiful place."
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.
Officials in San Mateo County are the latest in the Bay Area to warn residents to not forage for wild mushrooms, amid a rise in mushroom poisonings that have led to illnesses and even deaths.
The Bay Area's Spare the Air alert has been extended to at least Saturday as a high-pressure system is expected to hang around and impact air quality.
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.
Officials said there were 35 cases of wild mushroom poisoning across California between Nov. 18 and Jan. 4. In an average year, fewer than five cases of wild mushroom poisoning occur statewide, according to Sonoma County health officials.
As his standoff with America's closest allies escalates, President Trump says not getting the Nobel Peace Prize means he's no longer obligated "to think purely of Peace."
DHS Secretary Kristi Noem defended ongoing immigration operations in Minnesota, and said a federal judge's order limiting the tactics federal agents can use "didn't change anything."
Looking overseas, there is wide opposition to the idea of taking Greenland by force.
Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
Mexican president Claudia Sheinbaum has sought to placate President Trump and build a strong relationship between the U.S. and Mexico.
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 National Football League will kick off Super Bowl LX with an opening ceremony performance by hometown rock legends Green Day as part of the festivities at Levi's Stadium in Santa Clara, the league announced Sunday.
The original member of the Grateful Dead had tirelessly carried on the band's music for three decades, and on Saturday, the City of San Francisco said goodbye in a public memorial called The Homecoming.
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.
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.
A train hit and killed a person on the tracks in Berkeley on Monday morning, authorities said.
Three people were treated for smoke inhalation and residents were evacuated after a fire broke out at an apartment building in the city's downtown Monday morning. Veronica Macias reports.
A three-alarm fire broke out at a multi-story apartment building in downtown Oakland Monday morning, officials said. Veronica Macias reports.
On Mr. Luther King Day, expect another day of clear skies and dry conditions, with highs in the 60s. Jessica Burch has the forecast.
During that time, PG&E will complete its final tests of the Mission Substation equipment that was damaged in the fire on Dec. 20.
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.