Money
ConsumerWatch: California Lawmakers Crack Down On PUC
SACRAMENTO (KPIX 5) – California lawmakers are moving to rein in the state’s Public Utilities Commission by taking the first steps toward requiring the agency to justify its entire yearly $1.4 billion budget. The move […]
Funding For Business Startups Declines
A new study shows that funding for business startups declined in 2012, the first time that’s happened in three years, as venture capitalists spent less money on fewer deals.
Ex-Silicon Valley Hedge Fund Manager Gets 12 Years For Fraud
A former Silicon Valley hedge fund manager has been sentenced to 12 years in federal prison for defrauding investors out of millions of dollars.
Park Officials Conspired At Highest Levels To Hide $20M From State
The state attorney general’s office says officials at the highest level of the California Department of Parks and Recreation helped keep millions of dollars secret for more than a decade.
Audit Confirms California Parks Underreported Funding For 19 Years
A new audit confirms that staff at the California Department of Parks and Recreation intentionally under-reported the amount of money in its accounts for at least 19 years.
ConsumerWatch: Family Goes On ‘Financial Cleanse’ To Curb Spending
Whether it’s a $3.75 latte at Starbucks for or a $3.00 bottle of water at the airport, making small purchases throughout the day can quickly become a habit that’s hard to break. Some financial planners recommend a remedy – going cold turkey for a few days with a financial cleanse, a temporary ban on spending.
Controller Finds More Money Problems In California Parks
A state review finds that more than 200 state employees were overpaid more than $500,000 by managers who deliberately broke state rules at the troubled California Department of Parks and Recreation.
Federal Program To Fund Free Cell Service For California Homeless
Many California homeless people may soon get cell phones for next to nothing thanks to a federally-funded program set for approval by the Public Utilities Commission.
Manager Of Mill Valley Assisted-Living Home Arrested For Elder Abuse
Mill Valley police arrested the manager of an assisted living facility Wednesday on suspicion of fraud, identity theft and financial elder abuse of a resident.
HP Says Acquired Company Lied About Finances
Hewlett-Packard Co. said that a British company it bought for $9.7 billion last year lied about its finances, resulting in a massive write-down of the value of the business.
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