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.
The San Mateo County Sheriff's Office said they were searching the area for someone who was connected to a previous incident. Around 10:30 a.m., the person was taken into custody.
Around 1:42 a.m., officers received a report of a shooting on the 1200 block of Polk Street, near Sutter Street. Police said they found a man at the scene who had been shot at least once. He was taken to the hospital and his condition is not known, police said.
The Bay Area Black Comedy Competition has returned to Oakland, bringing comedians from across the country to the historic Henry J. Kaiser Center for the Arts, where this year's winner will be crowned Sunday in the Calvin Simmons Theatre.
The Sacramento region has the third-highest DUI rate in the nation. Now, state lawmakers are considering a new booze ban to prevent any more tragedies.
It's the second time in as many weeks that government funding has lapsed as Democrats and the White House remain at an impasse over immigration enforcement policies.
The San Mateo County Sheriff's Office said they were searching the area for someone who was connected to a previous incident. Around 10:30 a.m., the person was taken into custody.
Around 1:42 a.m., officers received a report of a shooting on the 1200 block of Polk Street, near Sutter Street. Police said they found a man at the scene who had been shot at least once. He was taken to the hospital and his condition is not known, police said.
The Bay Area Black Comedy Competition has returned to Oakland, bringing comedians from across the country to the historic Henry J. Kaiser Center for the Arts, where this year's winner will be crowned Sunday in the Calvin Simmons Theatre.
The Sacramento region has the third-highest DUI rate in the nation. Now, state lawmakers are considering a new booze ban to prevent any more tragedies.
Many Asian Americans across the Bay Area are preparing to celebrate Lunar New Year on Feb. 17, ushering in the Year of the Horse.
The San Mateo County Sheriff's Office said they were searching the area for someone who was connected to a previous incident. Around 10:30 a.m., the person was taken into custody.
Around 1:42 a.m., officers received a report of a shooting on the 1200 block of Polk Street, near Sutter Street. Police said they found a man at the scene who had been shot at least once. He was taken to the hospital and his condition is not known, police said.
A tentative agreement has been reached between the San Francisco Unified School District and the United Educators of San Francisco, both sides announced Friday, ending a teachers' strike that began earlier this week.
One man and two teenagers were arrested following a shooting at an apartment building in Redwood City on Thursday evening, police said.
Police in San Francisco announced that a teenage suspect has been arrested in connection with a mass shooting in the Richmond District near Ocean Beach late last year.
The Bay Area Black Comedy Competition has returned to Oakland, bringing comedians from across the country to the historic Henry J. Kaiser Center for the Arts, where this year's winner will be crowned Sunday in the Calvin Simmons Theatre.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
About 300 pounds of processed marijuana was discovered by San Leandro police, leading to an arrest on Wednesday, authorities said.
A former member of the San Leandro City Council pled guilty in a corruption case that has ties to former Oakland Mayor Sheng Thao, federal prosecutors said.
The Alameda County Sheriff's Office said they received a call from a person claiming to have a firearm around 3:20 Monday morning. When deputies arrived, they say a person exited the home on Selborne Drive and presented an immediate threat to deputies. Two deputies shot at him, and he died from his injuries.
Many Asian Americans across the Bay Area are preparing to celebrate Lunar New Year on Feb. 17, ushering in the Year of the Horse.
A man who attempted to rob a bank in San Jose was arrested after investigators used automated license plate reader cameras to locate the suspect vehicle, police said.
The Cupertino City Council voted 3-2 in favor of a unique affordable housing project that will also reserve units for those with intellectual and developmental disabilities (IDD).
A San Jose shop owner has discovered that for the unhoused, a bicycle isn't just a reliable way of getting around; it can be a lifeline for a fresh start.
An assistant principal at a San Jose middle school was among a group of people arrested during a police operation targeting adults seeking minors online to engage in sexual activity, authorities announced on Wednesday.
Several people were injured after a driver plowed into a grocery store in Santa Rosa on Friday, authorities said.
A Sonoma County man has been arrested on multiple weapons charges after police seized more than 150 firearms from two homes as part of an investigation into the illegal manufacturing of guns.
One of the suggestions is the complete renovation of the Canal District shoreline, removing about 550 existing homes and raising the land high enough to safely redevelop on top of it. It is projected to cost nearly $2 billion.
A bank employee was among three people arrested in a series of armed home invasion robberies in Marin County of people who had withdrawn large amounts of cash, authorities said.
A man who was arrested on child sexual abuse charges in Illinois is facing additional charges in the San Francisco Bay Area in connection with the alleged sexual assault of a child, police said.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
Travis Kelce is playing in the AT&T Pebble Beach Pro-am, and there was a spike on ticket sales.
Chris Paul made the announcement ahead of the NBA's All-Star weekend at the home of the Los Angeles Clippers in Inglewood.
Ryo Hisatsune is the leader at the AT&T Pebble Beach Pro-Am with a 62 at Pebble Beach.
Tony Vitello walked up the dugout stairs to meet with reporters about 15 minutes later than expected because of a team meeting that went longer than planned.
The San Mateo County Sheriff's Office said they were searching the area for someone who was connected to a previous incident. Around 10:30 a.m., the person was taken into custody.
Around 1:42 a.m., officers received a report of a shooting on the 1200 block of Polk Street, near Sutter Street. Police said they found a man at the scene who had been shot at least once. He was taken to the hospital and his condition is not known, police said.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
A man who attempted to rob a bank in San Jose was arrested after investigators used automated license plate reader cameras to locate the suspect vehicle, police said.
One man and two teenagers were arrested following a shooting at an apartment building in Redwood City on Thursday evening, police said.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
The family believes the outcome of the trial can lead to significant changes within the social media industry and help other families become even more aware of what they say are deadly devices in the hands of children.
The social media platform changed its privacy policy last month, inviting users to allow it to track their specific location.
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.
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.
The Sacramento region has the third-highest DUI rate in the nation. Now, state lawmakers are considering a new booze ban to prevent any more tragedies.
It's the second time in as many weeks that government funding has lapsed as Democrats and the White House remain at an impasse over immigration enforcement policies.
California Gov. Gavin Newsom has taken his anti-Trump routine to Europe.
Sultan Ahmed bin Sulayem, CEO and chairman of Dubai's DP World, appears in the Epstein files more than 4,700 times, according to the Justice Dept.
President Trump pardoned five former NFL players - one posthumously - for crimes ranging from perjury to drug trafficking.
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.
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.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
Travis Kelce is playing in the AT&T Pebble Beach Pro-am, and there was a spike on ticket sales.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
After more than two years of renovations, the historic Castro Theatre is back open for business.
The bushes that surrounded global superstar Bad Bunny during his record-breaking Super Bowl halftime performance at Levi's Stadium were indeed people in costume, and three Bay Area friends participated together after answering a vague casting call.
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.
with Zoe Mintz.
Andrea Nakano reports.
New legislation would end a decades-old requirement that permits be passed down only to family members and instead allow any qualified business to apply.
The Bay Area Black Comedy Competition returns to Oakland after the event was paused mid-competition in 2020 due to the COVID-19 pandemic.
Festivities to celebrate the Vietnamese New Year and the Year of the Horse have kicked off in San Jose. Da Lin reports.
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.