BRIEFLY INDICTMENT LINKED TO INSURANCE SCAM.SAN FRANCISCO - The scandal within the California Department of Insurance The California Department of Insurance (CDI), established in 1868, is the angency charged with overseeing the regulation of insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance markets in the state widened late Thursday when a grand jury indicted INDICTED, practice. When a man is accused by a bill of indictment preferred by a grand jury, he is said to be indicted. a Sacramento man on charges of siphoning thousands of dollars from a community relief fund created in the aftermath of the Northridge Earthquake. The indictment, unsealed in U.S. District Court in Sacramento, came two days after former Deputy Insurance Commissioner George Grays pleaded guilty to mail fraud and money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. charges. Brian K. Thompson was indicted Thursday, accused of pocketing about $90,000 from the California Research and Assistance Fund by scheming with Grays in a financial kickback The seller's return of part of the purchase price of an item to a buyer or buyer's representative for the purpose of inducing a purchase or improperly influencing future purchases. operation in which the two profited about $263,000. - Associated Press Architect picked for kids museum Officials with the Los Angeles Childrens Museum plan to announce today the selection of Sarah Graham as the architect for the Hansen Dam campus portion of the new museum. Graham is with Angelil/Graham/Pfenninger/Scholl, a Los Angeles-based firm that has overseen projects across the country and is known for its innovative and environmentally friendly designs, officials said. The announcement is the next significant step in developing the two- campus Childrens Museum, the outgrowth of a long debate over the future of the facility once it outgrew out·grew v. Past tense of outgrow. its downtown space. Earlier this week, officials announced they had selected Edwin Schlossberg Inc. as the master exhibit design firm for the Hansen Dam campus. - Daily News Drunk teens must attend counseling GRANADA HILLS - Seven Kennedy High School boys caught drinking off campus after skipping class have been suspended for two days, campus officials said Thursday. Assistant Principal Tim Guy said the students, ranging in age from 15 to 19, are due back in class today and all must attend a mandatory districtwide counseling program on alcohol use. Acting on a neighbor's tip, school officials discovered the teens Tuesday morning at an apartment on San Fernando Mission Boulevard. Three of the teens were so intoxicated in·tox·i·cate v. in·tox·i·cat·ed, in·tox·i·cat·ing, in·tox·i·cates v.tr. 1. To stupefy or excite by the action of a chemical substance such as alcohol. 2. that they had to be taken to local hospitals, where they were later released. - Daily News $1 mil for maglev, $5.7 mil for bridge WASHINGTON - Outgoing U.S. Transportation Secretary Rodney Slater had bad news Thursday for backers of a proposed high-speed magnetic levitation train in Southern California, granting only a token $1 million for further study of the project. But Slater had good news for motorists, announcing $5.7 million for widening and upgrading the Santa Clara River Santa Clara River may refer to:
Slater also announced $438,500 in federal funds Federal Funds Funds deposited to regional Federal Reserve Banks by commercial banks, including funds in excess of reserve requirements. Notes: These non-interest bearing deposits are lent out at the Fed funds rate to other banks unable to meet overnight reserve to repair the Oaklawn Pedestrian Bridge in South Pasadena. - Daily News Man dies shortly before doctor visit LA CANADA FLINTRIDGE - Just four hours before his scheduled appointment with a cardiologist, an 82-year-old man went into cardiac arrest cardiac arrest n. Abbr. CA A sudden cessation of cardiac function, resulting in loss of effective circulation. Cardiac arrest A condition in which the heart stops functioning. Thursday at the La Canada Library, deputies said. The unidentified man had apparently left his car running in the parking lot of the library at 4545 North Oakwood Ave., gone inside the library and collapsed, said Los Angeles County Sheriff's Deputy Steven Toly. It's unclear why he went into the library, Toly said. - Daily News |
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