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SAN DIEGO (CNS) - A San Diego businesswoman pleaded guilty Wednesday to conspiracy, securities fraud and obstruction of justice charges for taking hundreds of millions of dollars in investor funds intended as loans for liquor licenses and funneling the money into her companies and for personal purchases.Gina Champion-Cain, founder and former CEO of American National Investments, was charged by the Securities and Exchange Commission last summer with taking millions from investors and telling them the money would be used to support loans for people seeking California liquor licenses. Instead, she used the money for personal expenses, to fund her other businesses or to pay back other investors, prosecutors said.Champion-Cain faces a maximum possible term of 15 years in prison.RELATED: Several popular San Diego restaurants to close after CEO accused in 0 million fraud schemeMore than 0 million from more than 100 investors went into the scheme between 2012 and 2019, according to the plea agreement. Prosecutors said at least one financial institution that invested lost more than million, and that the loss to all investors ranges from between million to 0 million.According to the plea agreement, Champion-Cain used at least million in investor funds to meet expenses at her businesses. In addition, funds were used to pay for residences in Mission Beach and Rancho Mirage, at least million to pay her own salary at American National Investments, and hundreds of thousands of dollars was spent on sporting events, automobiles, credit card bills, jewelry and more.The plea agreement states that the lending program investors were putting funds into "was completely fictitious" and that many of the supposed liquor license applicants had not sought loans through Champion-Cain. Instead, she created fake lists with applicant names pulled from the Department of Alcohol Beverage Control website, according to the plea agreement. 1967

SAN DIEGO (CNS) - In-state University of California students got a financial reprieve Thursday, with the system opting to forego a vote on a proposed tuition hike in favor of pushing the state for more funding."Raising tuition is always a last resort and one we take very seriously," UC President Janet Napolitano said. "We will continue to advocatewith our students, who are doing a tremendous job of educating legislators about the necessity of adequately funding the university to ensure UC remains a world-class institution and engine of economic growth for our state."The Board of Regents had been expected to consider a 2.7 percent boost in base tuition. While that vote will no longer happen, the regents could revisit the issue "depending on the outcome of budget negotiations in Sacramento."UC officials said they will look to secure an additional 0 million in state funding above what was already proposed for the coming year in the governor's budget proposal.The announcement echoed a decision announced last week by California State University Chancellor Timothy White, who said the CSU would also focus on lobbying the state for additional funds rather than pursuing a tuition hike."In light of California's strong economy, California's students and their families should not be saddled with additional financial burden to attain public higher education," White said. "We will continue to make the case to lawmakers, who represent all Californians, that an educated citizenry should be at the top of the state's highest priorities."In January, the UC Board of Regents approved a 3.5 percent increase in non-resident supplemental tuition, taking it from ,014 in 2017-18 to ,992 for 2018-19, a 8 increase. Board members said at the time that the increase could be eliminated if adequate state funding is secured. 1843

SAN DIEGO (CNS) - Carlsbad-based Callaway Golf Co. announced Wednesday it has agreed to buy driving-range chain Topgolf Entertainment Group in an all-stock transaction valued at billion.The merger combines Callaway, a global golf equipment company, with Topgolf, which made its name as a party-golf attraction for players at all skill levels. Topgolf's driving ranges allow players to track their golf balls electronically and play against other groups nearby while ordering food and drinks.Callaway already owned 14 percent of Topgolf and first invested in the company in 2006."Together, Callaway and Topgolf create an unrivaled golf and entertainment business," said Chip Brewer, president and CEO of Callaway. "This combination unites proven leaders with a shared passion for delivering exceptional golf experiences for all -- from elite touring professionals to new and aspiring entrants to the game."Topgolf, founded in 2000, has 58 locations in North America.The company has 33 additional venues in some stage of planning nationwide, the San Diego Union-Tribune reported. In San Diego, the company has been talking with the Port of San Diego about building a 68,000 square foot facility on a seven-acre site along East Harbor Drive.Port commissioners are seeking additional financial information and have yet to enter into an exclusive negotiating agreement with Topgolf, according to the newspaper."As part of Callaway, we plan to grow our leadership position by leveraging Callaway's brand reputation, industry relationships and financial strength to connect more communities around the world to the Topgolf experience," said Dolf Berle, CEO of Topgolf.The merger is expected to be completed in early 2021, pending approval from both companys' shareholders. 1776

SAN DIEGO (CNS) - Ernest and Evelyn Rady Thursday announced a 0 million gift to Rady Children's Hospital to redevelop and expand its existing facilities. Hospital officials and board members began formulating a master campus and system plan last year and created the Rady Reimagine Fund to help support the hospital's expansion efforts. Hospital officials said the matching fund could surpass a total of 0 million. The Children's Hospital of San Diego was renamed in Ernest and Evelyn Rady's honor in 2006 following their first gift of million to support the construction of the hospital's Acute Care Pavilion. In 2014, the Radys gave 0 million to support the establishment of Rady Children's Hospital's Institute for Genomic Medicine. RELATED: San Diego Padres sign Rady Children's cancer patients for spring training``Evelyn and I have gotten a great deal of pride and satisfaction from the wonderful care that the people at Rady Children's Hospital have provided to the children of our community,'' Ernest Rady said. ``We are fortunate in San Diego to have easy access to the best doctors, nurses, scientists, technicians and care providers for children in the world.'' The billionaire made his fortune in the insurance, investing and real estate industries. He founded American Assets Inc., now American Assets Trust, in 1967 and Insurance Company of the West in 1971. Wachovia purchased the latter in 2006. The Radys has given millions of dollars to causes around San Diego, including UC San Diego, the San Diego Zoo, Jewish Family Services of San Diego and the Salvation Army of San Diego. RELATED: San Diego's smallest patients getting help from 3D technology at Rady Children's HospitalPlanning for the re-imagined campus is scheduled to conclude by June 2021, after which construction will begin, according to Rady Children's officials. Rady Children's president and CEO, Dr. Patrick Frias, called the gift ``a landmark day for pediatric health care.'' ``This is a top-to-bottom transformation," Frias said. "Our focus is on building a healthier future to serve the needs of current and future generations. ... This investment will allow us to do exactly that.'' 2192

SAN DIEGO (CNS) -- Homicide detectives Friday were investigating the death of a man who was found unconscious in a Midway District parking lot.Dispatchers received a call around 10 p.m. Thursday from a person who reported finding the man in a parking lot in the 3700 block of Rosecrans Street, San Diego police Lt. Andra Brown said.Officers and paramedics responded to the scene and were directed to the 31-year-old victim, who had suffered trauma to his upper body, Brown said.The man was taken to a hospital, where he was pronounced dead at 10:38 p.m., the lieutenant said. His name was withheld pending family notification.Police announced Monday that Zarchari Mock, 29, was arrested in connection with the homicide. Anyone with information about the death is asked to call SDPD's homicide unit at 619-531-2293 or Crime Stoppers at 888-580-8477. 856