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A man accused of running a multi-million dollar investment fraud scheme appeared in court for his preliminary hearing Monday.Jacob Cooper was the CEO of Total Wealth Management in San Diego. Prosecutors allege Cooper received a referral fee for placing clients’ money in certain funds. In many instances, Zipp said he received greater compensation through the referral fee than through his clients’ fees, creating a “blatant conflict of interest.”“He mainly was interested in whether a particular fund would enrich him, not whether it would enrich his paying client,” said Deputy District Attorney Rebecca Zipp.Zipp said Cooper had “no regard to investor goals or suitability for the investor.”Several clients testified in court Monday morning. Loren Engel said he and his wife both invested with TWM. He said they lost approximately 5,000. Engel was not aware Cooper and TWM were receiving what many victims described as kickbacks.“The risk of being defrauded is not a reasonable risk to assume,” Engel said, when the defense asked if he understood investments have risks.Many clients first learned about TWM through Cooper’s weekly radio show. Cooper also regularly appeared on local media.George Rasor called TWM after hearing Cooper on the radio. He testified that he invested more than 0,000. His son Jeffrey Rasor saw red flags when trying to get information about his father’s investments.“Questions not answered, not acceptably answered,” Jeffrey Rasor said when recalling TWM’s response after meeting with the company a few years ago. “Too much vagueness and a real concern that my father’s investments were in jeopardy.Cooper faces 19 felony counts, including conspiracy to commit a crime, elder theft, and making false statements in connect with sale of a security. Zipp said he could face a maximum of 23 years in prison if he is convicted. Cooper also faced several civil lawsuits and an investigation by the Securities and Exchange Commission.Cooper’s defense attorney, John Kirby, denies his client did anything wrong.“He did not have the intent to enrich himself above the interest of his clients,” Kirby said. Kirby said there were a number of funds where he received revenue sharing, but any conflict of interest was set out in documents.“Mr. Cooper had no intent to cheat or steal from anyone,” Kirby said. “He made bad investment decisions.”Kirby said Cooper and his family also lost money through the same investment funds. The preliminary hearing is expected to last several days. Two others connected with TWM already reached a plea deal. Doug Shoemaker and Nathan McNamee are scheduled to be sentenced later this week. 2656
A majority of voters in Puerto Rico approved a non-binding referendum that supports elevating the island territory to statehood status.The referendum narrowly passed by a 52-48 margin.The question was not the first time voters weighed in on Puerto Rico statehood. Most recently, 97% of voters approved statehood in 2017, but the vote was boycotted by opposition parties.Several previous referenda were not a straight up statehood vote.Given Puerto Rico’s status, the territory does not vote on US senators or representatives, although the territory elects a non-voting member who can serve on committees. Puerto Rico also does not get a vote in the presidential general election, but the territory does get a say in the Democratic and Republican primaries.While Democrats would likely welcome the opportunity to make Puerto Rico a state, the likelihood of there being enough political support for Puerto Rico to be the 51st state is still doubtful. 956
A grocery store employee is being lauded for helping a teen with autism stock shelves in a fridge.Sid Edwards and his son Jack Ryan Edwards, 17, visited their local Rouses Market in Baton Rouge, Louisiana, on Sunday. Jack Ryan, who is on the autism spectrum, took notice of what one of the employees was working on: stocking shelves in a fridge.Edwards said Jack Ryan was mesmerized by what the store employee was doing. At first, Edwards thought his son wanted orange juice. 483
A church choir in Madison, Tennessee is singing hymns to parishioners who are unable to safely leave the house during the pandemic.The choir at City Road Chapel United Methodist Church is visiting homes on Wednesday nights."Whether there are three of us or five or 10 of us, it is just a wonderful thing to be able to do," said Mary Lou Markham, a member of the choir.Markham said the group began singing together in the church parking lot a few weeks before this started."I said 'can't we at least meet in the parking lot and sing to the Lord?' So for two weeks, we sang in the church parking lot, a long way away..." she said.When a member of the choir broke his arms, the group visited and preformed for him outside his rehab facility. From there, they began visiting other parishioners who were cooped up inside."It has been unbelievable," said Brian Hanson. "The response has been tremendous and we have got as much of the blessing out of it as the people we've sung for."Brian Hanson is the director of music at City Road Chapel."I think music connects with the soul, mind, and spirit it's just something that's in people," Hanson said.On a recent Wednesday, the group sang for Evelyn McDowell at her home. The 92-year-old has been a member of the church since 1950."I've missed church and this was just a wonderful blessing," said McDowell."I couldn't go out much. It's just wonderful for them to come from church to bless me. They're all talented and did such a great job."This story was originally reported by Hannah McDonald at WTVF. 1551
A father and mother in Las Vegas were arrested on Feb. 28 on charges including murder, child abuse/neglect, and animal cruelty. Police were called to the couple's apartment on Feb. 25 after getting reports about possible abuse or neglect. Medical workers told police dispatchers that they were transporting a 5-month-old child to the hospital and the baby appeared to be malnourished.The baby died after being taken to the hospital.Detectives from the Las Vegas Metropolitan Police Department investigated the case, and three days later arrested 29-year-old Anthony Oceja and 24-year-old Loreana Martinez. Oceja and Martinez also had two other children who were taken into protective custody and are being evaluated by medical personnel for potential health concerns. There were also three dogs in the residence that appeared to be severely malnourished. They were turned over to Clark County Animal Control. The LVMPD Animal Cruelty Unit will conduct a follow-up investigation.Anyone with information about this case is urged to contact the LVMPD Abuse and neglect section at 702-828-3364. To remain anonymous, call Crime Stoppers at 702-385-5555. 1176