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Stories by Don Bauder

Papa Doug buys Rhode Island estate

Price: $15 million. Location: on ocean

Manchester Financial Group, a limited partnership belonging to former Union-Tribune owner Papa Doug Manchester, has purchased an historic home on the ocean in Newport, Rhode Island, for $15 million, according to the Providence Journal. The ...

Dr. Seuss gets posthumous front page

"What Pet" is lead review in New York Times

At last, the pseudo-controversy over Harper Lee's "Go Set a Watchman" — was it a draft of "To Kill a Mockingbird?" — may move over for a genuine undiscovered book that reveals the author's greatness. ...

Well-known market manipulator Anthony Elgindy is dead

Spent years in prison for activities

Anthony Elgindy, 48, who was famous as a short-seller who claimed to be reforming the penny stock market, is dead. He died Thursday, July 23, although the county medical examiner and the sheriff's office have ...

Animal rights activists arrested for terrorizing fur farms

They released thousands of mink from farms

Animal rights activists Joseph Buddenberg and Nicole Kissane were arrested today (July 24) and charged with conspiracy to violate the Animal Enterprise Terrorism Act. The government seeks their removal to face charges in federal court ...

His radio show was on wealth; now he will pay $1 million

George Charles Cody Price settles with SEC

Up until 2011, La Jolla's George Charles Cody Price had a radio show on KFMB called "The Wealth Weekend Hour." In 2013, the Securities and Exchange Commission (SEC) charged that on the radio and in ...

Qualcomm traveling Wall Street's road

Workforce slash will be 15 percent

Qualcomm, San Diego's largest for-profit, private sector employer, said today it will have a 15-percent company-wide reduction in employment, but it hasn't said how many of those cuts will be in San Diego. The rumor ...

After 130 years, Daily Transcript going dark

Business, legal, real estate daily had a niche

The San Diego Daily Transcript/San Diego Source newspaper is going out of business after almost 130 years. The last paper will be printed September 1 and the company will cease operations three weeks later, according ...

Support your local billionaire sports team owner

Subsidies to billionaires lead to civic indigestion

The billionaires who get governments to subsidize sports stadiums induce billiousness.

No fun to be Qualcomm right now

Third-quarter earnings expected to be grim

Possible subhead: Company must announce something tomorrow (Wednesday) Stock of Qualcomm rose 2.12 percent to $65.14 today (July 21) as national media and securities analysts discussed what the company will announce in its conference call ...

Massive layoffs rumored for Qualcomm

Could be 4000 — 13 percent of employees

San Diego communications giant Qualcomm could announce coming layoffs of 4000 people on Wednesday, according to rumors racing around the internet. July 22 is the date of the company's release of its third-quarter earnings. It ...

Voice of reason at the Union-Tribune

Editorial notes unfairness of utilities commission's stance on San Onofre

In an editorial this morning (July 20), the Union-Tribune says that the California Public Utilities Commission's (CPUC's) San Onofre decision, socking ratepayers with 70 percent of the costs of the nuclear plant's closure, should be ...

Hillary's $335,000 Qualcomm speech

Company paid Clinton more than Bernie Sanders's recent net worth

Freebeacon.com has reported that just one of Hillary Clinton's speeches last year provided her with more money than the total net worth of her Democratic opponent, Bernie Sanders, in 2013. The numbers: Hillary got $335,000 ...

Thanks anyway on the clean energy option

Imperial Irrigation sues independent system operator, claims antitrust violations

Imperial Irrigation District yesterday (July 16) sued the California Independent System Operator (CAISO) on antitrust grounds. The suit was filed in federal court in San Diego. The suit says that CAISO "is a monopolist. It ...

Folks, your Ponzi scheme will always surface

Paul Moore IV conned investors out of $2.8 million, spent most of it

Paul Moore IV pleaded guilty in federal court today (July 16) to running a Ponzi scheme and spending most of the money he took in. Moore was a complete fraud, according to his admission. He ...

Drat. Indicted again.

B.J. Gallison charged with pump 'n dumps

Harold Bailey (B.J.) Gallison II and several of his cohorts from Costa Rica, Las Vegas, Miami, and New York have been charged with running an international stock scam, according to the FBI in a news ...

Fate of Chargers predicted

Worst case: they fail to relocate and have to return home

Sam Farmer, who has followed the NFL drama in Los Angeles for the LA Times, has some predictions in today's (July 12) edition. Writes Farmer, "Think of L.A. as a game of musical chairs, with ...

The worst kind of American

Guilty of embezzling funds that would have benefited returning soldiers

A married Georgia couple, Judith Paixao and Kevin Lombard, were convicted by a San Diego federal jury yesterday afternoon (July 10) of embezzling federal funds that were intended to provide job training, benefits, and equipment ...

Hot pot!

Thermal imaging of building leads to weed bust and trial

On February 12, 2012, police executed a search warrant at a commercial building at 2953 Imperial Avenue in Grant Hill. "Numerous items" were seized related to a marijuana-growing operation said to belong to Howard Maurice ...

Because one opera company isn't enough

San Diego City Opera to launch its season in October

Last year, San Diego almost had no opera company. Now it has two. This is a feat New York City couldn't pull off. New York City Opera closed down in 2013, leaving that city with ...

Hysteria won't build a stadium

Face it: the Chargers have coveted L.A. for a dozen years

The hysteria level is growing, and it will only blind San Diegans to reality. Nick Canepa, sports columnist for the Union-Tribune, hallucinated in this morning's (July 8) column that "If the Chargers leave, we lose ...

Florida biotech subsidies not working

Though Florida is a biotech backwater, Scripps had to go there.

Jeb Bush, who wants to be president, claims he rejuvenated Florida's economy. But his subsidization of San Diego biotech research operations proves otherwise.

Pump 'n dump? Nope. Forge 'n dump

Real estate swindlers preyed on internet buyers and others in a hurry

San Diego has its variation on the stock-market swindle of pump 'n' dump; it's forge 'n' dump. Between 2012 and 2014, a ring of schemers would forge false deeds indicating that they owned certain homes. ...

You wish we'd shut up, Peevey

Attorney general seeks documents from Edison executive, CPUC official

On June 5, the attorney general's office demanded documents from the California Public Utilities Commission related to the so-called settlement when it was decided that ratepayers would pick up the tab for more than $3 ...

Young, black, and...hassled?

Beaten and jailed 20-year-old woman sues city, cops

Christina Dorsey, a 20-year-old African-American woman, filed suit July 1 in federal court against the City of San Diego, the police department, and several police officers. In the early morning of July 20, 2014, she ...

"Legal Baller" suspended two years

Bar charges Raymundo Pacello with moral turpitude

The California State Bar has suspended Raymundo Pacello Jr., who practiced law in San Diego but is now in Baja California, for two years. The flamboyant Pacello was written up in abovethelaw.com in 2012 for ...

In fact, there's not a doctor in the house

Kaiser psychiatrist claims constructive termination

Laura Wakil, M.D., a psychiatrist, has sued Kaiser Foundation Health Plan and related Kaiser organizations for violation of the state health and safety code, retaliation, negligent supervision, and wrongful constructive termination. (Constructive termination is a ...

California's farm economy "ruined"

Unemployment rates in El Centro and Yuma — over 20% — blamed on drought

June unemployment rates for the nation came out today (July 2), showing there are only two metropolitan areas out of 387 with unemployment rates of more than 20 percent. Both are agricultural areas within San ...

Maybe they come for the low hotel taxes?

Occupancy growth tops other major state metro areas

The San Diego hotel business had a booming May compared with a year ago, according to Smith Travel Research. The occupancy rate in May rose 1.9 percent to 76.3 percent — topping growth of San ...

Wasn't me...it was my brother

Michael J. Conrad produced false documents to keep getting federal contracts

In 2012, Asgard Associates, a company owned by Michael J. Conrad and his wife, pleaded guilty to storing hazardous waste at its facility on Roselle Street in Sorrento Valley. On June 30, Conrad pleaded guilty ...

Pro golfer problems

Phil Mickelson linked to confessed money launderer

ESPN's Outside the Lines named pro golfer Phil Mickelson as a bettor whose money led a handicapper to plead guilty to three federal counts of money laundering, according to national media. Mickelson, a longtime San ...

Confidential emails ought to jog the memory

Commissioner Florio attended post-Warsaw huddle with Peevey

Previously undisclosed emails between Southern California Edison and the California Public Utilities Commission, received this week by San Diego attorney Mike Aguirre, reveal that there was a post-Warsaw huddle not long after former commission president ...

Padres' good young blood gone

Team criticized as having gone from "win now" to "what now?"

Buster Olney, a columnist for ESPN and former New York Times and Union-Tribune sports scribe, says the Padres probably erred by trading off young talent to get former all-stars. Instead of trying to "win-now for ...

Reverse "rape of the ratepayer"

Consumer group retracts opinion regarding San Onofre shutdown

In a strongly worded statement, San Francisco–based consumer group TURN (The Utility Reform Network) asked the California Public Utilities Commission to set aside its decision to stick ratepayers with an almost $3.3 billion bill for ...

Swiss secrecy bolsters soccer corruption

Bribes, kickbacks part of the game for two generations

Sports and secrecy go together. Hut-hut and hush-hush are almost one and the same. Look at all those disguised traps in the stadium task force’s plan for a Chargers subsidy that could purloin a billion ...

San Diego is no Charleston

Cost of housing makes us look a lot less like other cities

Some United States metropolitan areas take pride in being an economic and demographic model of the nation — that is, having qualities that make it most like the nation as a whole. San Diego County ...

Counterfeit 5-Hour Energy for sale

Five county residents arrested for selling fake goods

Five San Diego County residents were among eleven people charged this week with illegally packaging, counterfeiting, and distributing 5-Hour Energy drinks in the United States. Joseph and Adriana Shayota and Kevin and Fadi Attiq of ...

But what are we manufacturing?

Unemployment rate and jobs increase

The county unemployment rate rose to 4.9 percent in May, up from 4.8 in April, but nonfarm jobs rose by 9500. Such seeming aberrations often occur when the school year ends, says Ann Marshall, labor ...

West Nile high

Infected mosquito batches equal number for all of last year

County vector control inspectors have now collected as many mosquitoes infected with West Nile virus as were collected all of last year, according to the Department of Environmental Health. This year could be a tough ...

Energy-hog plug by SDG&E

But letter from CEO to commission doesn't mention bonus pay

On June 1, Jeff Martin, chief executive officer of San Diego Gas & Electric, wrote to Michael Picker, the new president of the California Public Utilities Commission. Martin was plugging the plan of SDG&E to ...

Casino biz is no cash cow

Company based in San Diego, incorporated offshore, in debt

Casino operator Thunderbird Resorts is a bit of an odd duck: it is based in San Diego but incorporated in the offshore tax and secrecy haven of the British Virgin Islands. The company gets more ...

Newspapers' bleak picture be damned

Take it from a securities analyst disguised as an ugly duckling...

A securities analyst who goes by the name Ugly Duckling wrote for Seeking Alpha June 11 that stock of Tribune Publishing, which in May bought the Union-Tribune, could go up while stock of New York ...

Don't move here for great childcare or education

Stats indicate that San Diego is a so-so place to live

WalletHub, which compiles statistical data on cities, metro areas, and states, has come out with an inclusive study ranking cities on livability. Cities are ranked on family activities, health and safety, education and child care, ...

Plead guilty or else we drop all charges

Outlandish tactics by D.A. in pursuing drug conviction

On Tuesday (June 9), Devin Whitaker, a 23-year-old African-American with dreadlocks, filed suit against the county, sheriff William Gore, three sheriff's deputies, and others for unlawful arrest, excessive force, battery, negligence, and other alleged offenses. ...

DeMaio accuser lied to the FBI

Todd Bosnich admits he sent threatening emails to himself

Todd Bosnich, who made charges against House of Representatives candidate Carl DeMaio last fall, today (June 12) in federal court pleaded guilty to obstruction of justice. In May of 2014, Bosnich had been terminated from ...

Convention center sails in some choppy financial waters

Ragged condition, ragged balance sheet

There is no way to justify a convention center expansion when the insides are coming apart, and so are the finances. Grand jury, independent budget analyst raise questions.

Chad and Akis get popped

Two brokers guilty of insider trading in biotech stock

Two local stockbrokers, Chad Wiegand and Akis Eracleous, pleaded guilty in federal court today (June 9) to insider trading in the stock of San Diego–based biotech Ardea Biosciences, now a wholly owned subsidiary of London-based ...

Life insurance in reverse

Prison time for San Diegan who bilked $5.2 million from investors

Last Friday (June 5) in Santa Ana federal court, San Diegan Daniel Christian Stanley Powell was sentenced to more than ten years (121 months) in prison for running what he called a "reverse life insurance" ...

Qualcomm's "bounteous" executive pay noted

Company's stock buyback may not be benefiting shareholders

Columnist Gretchen Morgenson of the New York Times highlights Qualcomm in her column today (June 7), showing that stock buybacks don't always benefit shareholders. Over the last five years, Qualcomm has repurchased 238 million of ...

Military records prove the lie

Human smuggler claimed he served three tours in Iraq

Scotty Kamakahohie White was sentenced Tuesday (June 2) to 30 months in federal prison. He had earlier been convicted in federal court for smuggling an undocumented foreign national into the United States. At his initial ...

The doctor put his hand where?

Fallbrook Ob-Gyn doctor charged with sexual abuse

The Medical Board of California has filed a second complaint against Falbrook's Anthony Steven Bianchi, M.D., who practices obstetrics and gynecology. According to an accusation filed May 5, Bianchi had been seeing a patient since ...

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