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SAN DIEGO (KGTV) -- A San Diego-based financial investment advisor is being accused of running a Ponzi scheme targeting mostly elderly victims who planning for retirement, and taking more than million, according to bankruptcy court records.Sharon and David Vega said they started working with Christopher Dougherty about 17 years ago. A few years ago, Sharon Vega said that he recommended to take money “out of the TD Ameritrade and place it in private placement in farm subsidy accounts.”The Vegas trusted him and placed approximately ,000 in these new accounts. They said they continued to receive statements showing how their money was doing, but they started to see red flags. Sharon Vega said when checks bounced, Dougherty gave various excuses.She showed Team 10 one bounced check where Dougherty claimed “there was a mix-up at the bank.” They decided to sever ties and asked for their money back.“He said no problem, he would start on it right away,” Sharon Vega said. However, she said that did not happen. She showed Team 10 several text messages from Dougherty late August into early September promising their money. One message said the transfer was “already in motion. Should see it shortly.”“We have not received any funds back. He filed bankruptcy and he’s trying to have ours discharged with many other people’s,” Vega said. She said the ,000 was money they had been saving to try and help their grandchildren with college.In bankruptcy court documents, the United States Trustee wrote Dougherty’s “deception is the basis of a Ponzi scheme.”“[Their] practice of using new investment money to pay existing investors dividends and principal gave the false impression that the payments received by investors came from earnings and profits or from a return of their principal,” the documents said. “It’s devastating,” said Jerry, another former client of Dougherty. He and his wife declined to use their last name.Jerry and his wife Diane told Team 10 they invested more than million with Dougherty over the years. At first, it was with traditional accounts. They said he later convinced them to invest in an Alpine farm. They thought they were diversifying their retirement money, but what they know now is everything they saved for is gone and what happened to their funds is unclear. Like Sharon and David Vega, they said Dougherty kept sending them statements.“We rely upon our children now,” Jerry said. “We can’t even afford a burial plot.”In 2011, Dougherty was charged for stealing money from a youth baseball league. He was ultimately sentenced to three years summary probation, according to the District Attorney’s Office. Team 10 attempted to contact Dougherty and his wife, Nereida, who is also named in the bankruptcy documents. They did not respond. An attorney for the Doughertys also did not respond to Team 10’s inquiries. Investigator Melissa Mecija visited the Alpine ranch connected to the couple, where a tenant said his power has been shut off three times in the last several months. It was a bill he said the Doughertys were supposed to pay. Sharon Vega said she tries to stay strong as she deals with multiple setbacks, including her husband’s larynx cancer. “He was diagnosed… when all of this happened,” she said. Lt. Kevin Menzies with the Sheriff’s Department confirmed there is an open investigation, with ten alleged victims currently identified.The Securities and Exchange Commission also has an open investigation into Dougherty. 3493

SAN DIEGO (KGTV) -- A well-known San Diego restaurant plans to close for good this July. Gordon Biersch Brewery Restaurant will close its Mission Valley restaurant on July 16, 2019, according to paperwork filed by the company. Although no reason was given for the closure, 79 employees are expected to lose their jobs. The layoff notice was filed by the company on June 5 and says, in part, that the company will “continue the employment of all employees through the sixtieth day after the date of this notice, and all employees will be paid your regular wages and benefits through that date.”The brewery and restaurant first opened in 1988 in Palo Alto before expanding in 1999. Gordon Biersch currently operates 35 restaurants in the U.S., though it’s unclear if any other locations plan to close. 808

SAN DIEGO (KGTV) - A serial flasher who exposed himself to seven women near University of California San Diego was sentenced Thursday, according to City Attorney Mara Elliott. Nicholas Saienni, 34, pleaded guilty to four misdemeanor charges of indecent exposure and received a sentence of 180 days of custody, three years of probation, a waiver of his Fourth Amendment search and seizure rights, and court fines and fees. He was also ordered to register as a sex offender and get counseling. If he violates his probation, he could face an additional year and a half in jail, according to prosecutors. San Diego Police arrested Saienni after eight separate incidents between January and March 2019. Prosecutors said Saienni exposed himself to the women while dressed as a jogger and wearing a hooded sweatshirt to conceal his identity. Saienni confessed to the indecent exposure and admitted he had been convicted of similar acts in Delaware in 2018, Elliott reported. RELATED: Police searching for University City serial flasher “Flashers often set out to shock, upset, or shame their victims, and their behavior can escalate to more serious sex crimes,” Elliott said. “My office prosecutes these cases vigorously, and seeks sex offender registration to warn the community of predators who may reoffend.” 1313

SAN DIEGO (KGTV) — A San Diego Police Sergeant was arrested Friday after the department was tipped off to individuals reportedly soliciting sex from minors.Police say Joseph Ruvido, 49, was arrested in Carmel Valley and charged with one felony count of soliciting sex with a minor. A search warrant was served at the 21-year veteran's residence and he was taken into custody without incident.Ruvido was assigned to the SDPD Watch Commander's Office, approving reports and and bookings. Prior to that, Ruvido was a patrol sergeant with the department's Eastern division, according to SDPD Chief David Nisleit."I assure you Sgt. Ruvido will be held accountable both criminally and administratively," Nisleit said. "We take this very, very seriously."Watch the SDPD press conference below:"It is very embarrassing to have to talk about the arrest of one of our own," Nisleit added.The chief said Ruvido has been suspended without pay as the investigation continues.On Wednesday, police received a Crime Stoppers tip through the via the Internet Crimes Against Children (ICAC) unit that multiple people may be soliciting sex from minors. Police identified one of the individuals as Ruvido and opened an investigation leading to his arrest.Once Ruvido was identified, investigators conducted 24/7 surveillance with investigators from the San Diego District Attorney's Office, according to SDPD Lt. Jud Campbell.SDPD declined to share any further details to protect the investigation, Nisleit said."We're going to be looking at everything," Nisleit said. "To the communities that we serve, every member of this department fully understands and strives to meet the expectations of this profession. We also understand in this instance, we let you down."Anyone who believes they may be a victim or has any additional information they are encouraged to reach out to police at 619-531-2480 or Crime Stoppers at 888-580-8477. 1921

SAN DIEGO (KGTV) -- An Encinitas student beat out thousands of kids across the country to be named a co-champion in a national history trivia contest. He also uses history to teach kids about COVID-19.Quade Kelley, 11, produces different videos imagining what it would be like for historical figures, like Albert Einstein and Charlie Chaplin, in today’s world. In his videos, the student is telling others “about COVID and what we could do to have the cases go down."In one of his videos, he received the surprise of a lifetime when he found out he was a finalist in the Inaugural “Who Was?” History Bee. Kelley beat out 25,000 kids across the U.S.The student has read nearly 190 books about public and historical figures, over 250 biographies, and spent more than 300 hours studying.“Because of COVID, they canceled New York. It's sort of disappointing, but at least I had an amazing opportunity to be a co-champion," Kelley said.The winners of the contest split ,000. Kelley donated his portion to a local charity.Despite not being able to compete in the history bee Kelly was able to meet the other finalist via Zoom and his favorite author Jeff Kinney.Kelly says he has a passion for history.“It’s important to learn history because if we don’t learn about it, it will happen again, possibly,” says Kelley. “We can learn from the good things that will happen again.” 1381