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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) — An SDG&E outage knocked out power to hundreds of South Bay customers Friday, including a money exchange operator whose backup generator may have contributed to a health crisis.According to SDG&E, about 703 customers in the areas of San Ysidro and Otay Mesa were affected by the outage that began at about 6:40 a.m. Service was supposed to be restored by 10:30 a.m., but that was pushed back to 12 p.m.Two people became ill and were taken to the hospital from a money exchange business using a power generator.According to SDG&E, a substation experienced a technical issue in which a capacitator failed. Crews had to go in a repair the substation before power could be restored. 716
SAN DIEGO (KGTV) -- A third family member has died following a house fire in Logan Heights early Sunday morning. According to a family member and a GoFundMe page set up for the family, the 21-year-old, identified only as Iris, died Tuesday. On Monday, the family’s oldest son told 10News his mother and father, who he identified as Nicolasa Mayo and Jose Romero, were killed in the fire. The 26-year-old said he awoke Sunday morning to find his bed on fire. The man told 10News he tried yelling at his family to get out of the home."My dogs were jumping on me, trying to wake me up. I woke up. When I woke up, my bed was on fire. I jumped out of bed and started screaming the house is on fire," said Wilber Romero.The fire started around 4:30 a.m. Sunday in the 3100 block of Clay Street."The minute I stepped out of my restroom, my house on the inside felt warm, like really warm. The curtain was open and I looked across the neighbors house was just bursting in flames," said Maria Orona, who lives nearby.According to the San Diego Fire-Rescue Department, firefighters had to go inside the home to pull many of the victims out.One witness who was nearby when the fire started told 10News he could see one of the victims reaching through bars in the windows, unable to escape.At this time, it’s unclear what sparked the fire, but the metro arson strike team was called to the home to investigate. 1406
SAN DIEGO (KGTV) — An early report card on student grades during the pandemic shows cause for concern, as the number of D's and F's are up at schools across California.Nine months into the coronavirus pandemic and some parents are just done with distance learning."Best case scenario I'd like to get my child back in a classroom," Amanda McLean says. Her five-year-old daughter is a student at L R Green Elementary School in Escondido. "There is very minimal interaction with children and teachers in the classroom and yet our children are thriving far better in that setting than they are in zoom."Early grade reports from some secondary schools across the state seem to back up that statement.In November, the Vista Unified School District released its six-week progress report for all of its high schools.The number of F's up more than 200% from last year.In late October, the Carlsbad Unified School District released an eight-week progress report and a similar finding, F grades increased by more than 300%.At one of the largest high school districts in the state, Sweetwater Union High School District D's and F's are also up. District data shows the most impacted are English learner students and students that are socioeconomically disadvantaged."The pandemic is illuminating for us how these traditional practices are so inapplicable and so unhelpful and actually punishing students for things outside their control like a pandemic," Joe Feldman, the head of Crescendo Education Group, said.Feldman said he believes districts need to change the way they grade students, starting with removing the environmental factors students can't control."And then what they have to do is they have to think about, are we able to deliver the instruction in the way that we want and are we able to really accurately assess what students know," Feldman said.Some districts say they released early progress report data as a proactive step to help students with support and intervention immediately.In San Luis Obispo County, Rick Mayfield, the director of learning and achievement for San Luis Coastal Unified School District, said he's concerned about the data he's seeing."Comparing last year's data in full pre-COVID to this year's data during distance learning we're very concerned about what we're seeing," Mayfield said.Preliminary data shows a five to 15% increase in D's and F's depending on the school.Mayfield says educators need to find a balance between rigorous learning and understanding they are in the middle of a pandemic."It's not an option for any district to just say ya well there's nothing we can do about the pandemic and let's just move forward. We're developing a robust learning recovery plan to get kids back up to speed," Mayfield said.The state's second-largest school district, San Diego Unified, says it has not released grade data yet. 2868
SAN DIEGO (KGTV) -- A suspect who reportedly sexually assaulted a female student at Mesa College has been taken into custody Friday night, according to the San Diego Community College Police.The sexual assault happened around 1:30 p.m. on the grassy area outside the Mesa College LRC.The suspect reportedly walked with the woman before pinning her down in the grass and trying to put his hand down her pants and under her shirt.Police released no further details about the suspect Saturday. 509