Radio's Ray Lucia banned from securities industry
His "Buckets of Money" strategy not backtested as claimed, says SEC
The Securities and Exchange Commission (SEC) today (July 8) banned San Diego-based radio personality Ray Lucia from associating with an investment adviser, broker or dealer, revoked his license and that of his former company, and slapped both with a fine …
FDA warns local company of unsanitary conditions
San Diego Cold Storage shuts down in response
According to the Food and Drug Administration website, San Diego Cold Storage, 8671 Lonestar Road, was warned in a letter June 10 that is "not adequately cleaning or controlling pests." Inspectors found small and large rodent excrement on boxes and …
Ryan Leaf could serve his Texas term in Montana
Is now in Montana prison after being booted from drug treatment program
Former Chargers quarterback Ryan Leaf, widely considered one of the biggest draft busts of all time, is working on a plea deal that would permit him to serve a Texas sentence in Montana, according to the Associated Press. He is …
Study: CPUC and Edison collaborated to scam ratepayers
SDG&E consumers got fleeced, too, over San Onofre costs
San Diego attorneys Mike Aguirre and Maria (Mia) Severson filed a report with the California Public Utilities Commission (CPUC) July 3 stating that Southern California Edison and CPUC bureaucrats schemed to double-whammy ratepayers. San Diego Gas & Electric (SDG&E) owns …
Jobs leap 195,000; jobless rate stays at 7.6%
Gains in April and May revised upward
The U.S. economy added a better-than-expected 195,000 non-farm jobs in June, and employment gains in May and April were revised upward by a combined 70,000. The unemployment rate stayed at 7.6%. The size of the labor force rose by 177,000. …
John Moores getting heavily into horse racing
His buddy Charles Noell, an ally at Peregrine Systems, is partner
Former Padres owner John Moores and former Peregrine Systems audit committee chairman Charles Noell are expanding their thrust into horse racing. According to the Daily Racing Form, Moores and Noell have purchased 30 thoroughbred horses from Ireland's Kilfrush Stud. According …
On-demand ride-sharing firm opens in San Diego
But Lyft has been served with cease-and-desist in Los Angeles
An on-demad ride-sharing company named Lyft has begun business in San Diego, according to publications bizjournals.com and techcrunch.com. The San Francisco-based company "lets customers find rides by using a smartphone app that also processes payments," says bizjournals.com. The company is …
U.S. investigating $100,000 donation, Channel 10 says
Will it also investigate Sunroad?
Channel 10 has just reported that the U.S. Attorney's office will look into the $100,000 donation made to the City of San Diego in exchange for public land. The TV channel quoted unnamed sources within the Department of Justice. The …
Local lawyers disciplined
Some disbarred, others get probation, suspension
According to the California Bar Journal, several San Diego attorneys have been disbarred or been disciplined by the State Bar of California in the April/May period. Timothy Clarence Bryson was disbarred for, among many things, improperly withdrawing funds from a …
U-T San Diego says it will have 24-hour national streaming TV network
But shouldn't it spend the money shaping up its bumbling local online operation?
U-T San Diego expects to take its local online television operation national, according to the publications NetNewsCheck and Editor & Publisher. John Lynch, U-T's chief executive, says that in 90 days the U-T plans to begin courting newspapers in America's …
"Longest driver in golf"? Nope, says regulator
Callaway, TaylorMade challenge each other's ad claims
The National Advertising Division (NAD), administered by the Council of Better Business Bureaus, has concluded that Callaway Golf's claims for one of its clubs was misleading. In print, Internet, and Twitter promotions, Callaway said its Razr Fit Xtreme driver was …
He gets 37 months for cheating government on trade
He said imported goods would be sold in other countries. They weren't.
Gerardo Chavez was sentenced today (July 1) to 37 months in prison for violating customs rules. He has to forfeit real estate in Tecate where he has his office, and must attend a future restitution hearing at which he could …
Is Austin, Texas emulating San Diego?
Similarities arise from Manchester's new hotel
One wing of Papa Doug Manchester's hotel empire, Manchester Financial Group LLC, is building a 1035-room, $350 million hotel in Austin, Texas According to the publication AustinTowers, Doug Manchester, Papa Doug's son, is championing "a major push" to develop the …
Two Padres among 25 most overpaid players
Street, Richard have negative value this year, says publication
The publication Business Insider has used a formula to calculate Major League Baseball players' dollar value in 2013. Two Padres make the list of the 25 most overpaid. Relief pitcher Huston Street has a value of minus-$23.8 million this year, …
The current Sunroad blowup shows rank hypocrisy
Those who lauded Sanders's sleazy actions denounce Filner's bumbling ones.
The flap over Mayor Bob Filner's mishandling of the Sunroad Enterprise matter brings to mind another scandal regarding that company back in the 2007-2008 time period. Comparison of these two scandals shows the staggering hypocrisy of the San Diego establishment …
Late David Copley's yacht sold
Yacht publication does not give price
"Happy Days," the yacht that belonged to the late David Copley, publisher of the Union-Tribune, has been sold, according to the publication BoatInternational.com. The price was not given. The Reader had reported in January of this year that Copley's lavish …
Complex identity theft scheme ends with 3 year sentence
Conspirators installed skimming devices inside gas pumps
Akop Taymizyan was sentenced today (June 28) to three years behind bars for his role in a sophisticated identity theft scheme. He and co-conspirators installed skimming devices inside gas pumps in California, Arizona, and Nevada. The devices secretly recorded gas …
Territorial tax? Qualcomm is in the middle of storm
Company denounced, but almost all its revenue comes from abroad
A territorial tax system taxes only revenue earned domestically. Only a few countries, such as France, have such a system. The progressive Institute for Policy Studies came out with a study this month stating that a conservative organization, Fix the …
Senate immigration bill strengthens green card financing
Manchester's Austin hotel raising Chinese capital through EB-5 program
The immigration reform bill recently passed by the United States Senate permanently authorizes and in other ways strengthens the EB-5 program, a method for foreign investment to come into the U.S. EB-5 was originally passed in 1990 and has been …
Big bucks line up against greenhouse gas legislation
Those opposing give $25.1 million to senators
President Obama spoke today, as he did in the 2013 State of the Union speech, about limiting greenhouse gas emissions. He announced executive actions he can take. But MapLight, a group tracking how money flows through political bodies, points out …