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Scam Diego Entries for November, 2010

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Chargers

If Anschutz Buys 35% of Chargers, Say Bye-Bye

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According to NBC Sports, Toronto-based sports personality Bob McCown of the Fan 590 reports that Philip Anschutz "has or will" purchase 35% of the Chargers. Billionaire Anschutz is angling to build an NFL stadium in downtown Los Angeles, and recently ...

Chargers

Escondido's Pfeiler Fined $200 for Chargers Junket

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Lori Pfeiler, long-time Escondido mayor who did not attempt to get another term this year, has been assessed a $200 penalty by the state's Fair Political Practices Commission. She failed to report transportation on a private plane and lodging allegedly ...

San Diego Home Values Dropped in September

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U.S. home prices dropped 2% in the third quarter ended Sept. 30, compared with a rise of 4.7% in the second quarter, according to Standard & Poor's/Case-Shiller data released this morning (Nov. 30). San Diego home values declined 1% in ...

What's Wall Street Worth? Little, If Anything

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John Cassidy of the New Yorker has an excellent piece in the Nov. 29 edition, titled "What Good Is Wall Street?" Cassidy answers the question with well-constructed logic: Wall Street is worth little. Wall Street will claim that it finances ...

Partnoy Quoted in Great Movie "Inside Job"

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Frank Partnoy, University of San Diego law professor and international expert on derivatives, is quoted several times in the excellent movie, "Inside Job," a documentary which relates in clear terms the rape of American citizens by the big banks and ...

Suit Filed Against Midnight Backroom Deal

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A complaint was filed in Sacramento Superior Court Friday to set aside the late-hour, hush-hush deal that gives Centre City Development Corp. authority to boost its borrowing power as a way to make way for the downtown Chargers stadium proposal ...

County Unemployment Drops in October

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San Diego County unemployment dropped to 10.2% in October from a revised 10.7% in September, according to the state Employment Development Department. The county gained 5,600 jobs between September and October, but dropped 1,100 from a year earlier. The biggest ...

Chatfield Admits Hiding Money through Swiss Bank

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San Diegan Jeffrey Chatfield, a financial consultant who purportedly helped private companies go public, pleaded guilty in Washington DC today (Nov. 18) to filing a false tax return related to a Swiss bank account he maintained at UBS, a big ...

Believe the Grand Jury. Do NOT Believe the Mayor's Office

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A donnybrook is rumbling louder and louder in San Diego. The City revealed that it won't have its financial report for fiscal year 2010, ended June of this year, until June of next year, or six months late. The City ...

Nov. 2 Memo Doesn't Mention Computer Glitch

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Last evening, as reported below, the City said that its audit would be delayed half a year and it was suspending bond sales because of computer problems. The statement was not believable on its face. Now a new internal document ...

City Delays Audit, Halts Bonds. Blames Computers. Hmmmmm

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The City of San Diego today announced that it will hold a lottery. The winner gets the Coronado Bay Bridge. Well, San Diego didn't really say that, but it did the next most disingenuous thing: it said with a straight ...

Another Local Ponzi Schemer Headed to Slammer

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Mohit A. Khanna was sentenced to 41 months in prison today (Nov. 15) in U.S. district court for running San Diego's favorite road to riches: a Ponzi scheme. Khanna's Mak 1 Enterprises offered monthly returns ranging from 8% to 50%. ...

It's Not Just Chargers Who Would Fleece Insolvent Political Entity

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San Diego is recognized by many as the large U.S. city that is the most likely candidate for bankruptcy. Yet the city's pro football team, the Chargers, would like the insolvent city to subsidize a stadium for the team's billionaire ...

LA Times Cites San Diego Public Corruption

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In a front page story today (Nov. 12), the Los Angeles Times states, "Audits of city finances often cover up serious problems...independent audits that public agencies in California are legally required to obtain frequently fail to flag cases of fraud ...

Channel 10 Airs Mayor's Deposition in Crime Case Tonight

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Tonight (Nov. 10) at 11 p.m., Channel 10 will air videotape portions of the deposition of Mayor Jerry Sanders in the Kessler vs. San Diego case. On Oct. 19, Superior Court Judge John S. Meyer turned down the City's attempt ...

For-Profit College CEOS Rolling in Dough, Including Bridgepoint

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Bloomberg News has a comprehensive story this morning (Nov. 10) on huge sums of money that officials of for-profit colleges rake in. Look at these numbers from a pay/performance standpoint: the graduation rate for first-time, full-time candidates for four-year degrees ...

Boycott U-T, Says Arts Writer

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After it laid off iconic visual arts critic Bob Pincus last summer, the Union-Tribune tried to appease indignant people in the arts community by asking local artists, art scholars and professionals to make blog posts -- for free. Yesterday (Nov. ...

DeMaio Blind to One Thing: Greed

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Councilmember Carl DeMaio came out today (Nov. 12) with his plan to solve the City of San Diego's backbreaking financial problem. I read his plan. It made me think about that great, sneering, cynical line in Samuel Beckett's "Waiting for ...

Bailouts of ailing states has ALREADY Begun

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While everybody wonders whether the federal government will have to bail out insolvent states, the process has already begun. Writing in the Wall Street Journal Nov. 3, Meredith Whitney, the top bank analyst on Wall Street, pointed out that "state ...

Lame Duck Escondido Council Not Likely to Railroad Ballpark Through

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Sam Abed, mayor-elect of Escondido, says that the lame duck council is not likely to try to ram the $50 million ballpark project through by Nov. 30 before the new council takes over. Ed Gallo, an opponent of the project, ...

Moores's Personal Attorney Named to High Justice Department Post

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Charles La Bella, one-time personal attorney for former majority Padres owner John Moores, has joined the fraud section of the Department of Justice as a deputy chief assisting on cases being investigated and prosecuted on the West Coast, a Justice ...

Biogen Idec Whacks Idec, Its San Diego Wing

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Massachusetts-based biotech Biogen Idec today (Nov. 3) severed Idec, its San Diego operation. The two companies merged in 2003. Biogen Idec is under pressure from billionaire corporate raider Carl Icahn, who has three of his cronies on the company's board. ...

Proposition D Thumbed Down Overwhelmingly

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With half the vote counted, the no vote on Proposition D, the proposal to raise the sales tax, was 62.33% last night (Nov. 2). The yes vote was 37.67%. Clearly, San Diegans are having nothing of the proposal. Now pundits ...

Fox Blasts Prop. 24, Doesn't Reveal Big Donation to Defeat It

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Last week, Fox Business Network stationed a reporter for five consecutive hours at a small company in Gardena. The message was that Prop. 24, which would remove $1.7 billion in business tax breaks, would drive business out of California. One ...

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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