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Carlos Ghosn and Nissan, the Japanese automaker he saved from collapse, were indicted Monday on allegations of financial misconduct, deepening a crisis that already brought down one of the global car industry's most iconic figures.Tokyo prosecutors said they indicted Ghosn and Nissan for under-reporting his income over a five-year period and are investigating allegations that the practice went on for even longer.Ghosn's sudden downfall began when he was arrested in Tokyo last month. He has since been ousted as chairman of Nissan (NSANY) and Mitsubishi Motors (MMTOF) and temporarily replaced as head of France's Renault (RNSDF).Former Nissan director Greg Kelly, who was arrested in Tokyo at the same time as Ghosn, was also indicted Monday, prosecutors said. 783
CAMP PENDLETON, Calif. (KGTV) — The last two cottages to grace San Onofre Beach and replace the deteriorated trailers near Camp Pendleton will be dedicated Thursday.The Camp Pendleton Cottage Renovation Project has worked to replace 13 of the 30-year-old FEMA trailers at the beach with manufactured homes. The new cottages are build using metal roofs, composite siding, stainless-steel appliances, and furniture. Cottages are also constructed to include wheelchair accessibility, railings, and wider hallways for service members with special needs. RELATED: World War II veteran laid to rest in MiramarService members from any branch of the armed forces can rent the cottages for short-term stays during the summer, based on service classification level for active duty members or retired personnel. While the stay may be short, the trailers that once sat on the beach didn't provide much comfort and were "corroded beyond repair and without handicap accessibility."San Diego Nice Guys, a non-profit that works to help underserved San Diegans, provided the funding for four of the 13 cottages at the beach.RELATED: Making It in San Diego: Millennial veteran home purchases surging"The Nice Guys have been long-time supporters of the military and their families," Jeff Schreiber, Nice Guys president, said. "This project is another way to show that we recognize and appreciate those who have sacrificed so much for us."Back in 2015 when two beach cottages were dedicated, Bob Clelland, chairman of the Camp Pendleton Cottage Renovation Project, said the newly installed homes are integral to local military life."It’s a place that allows you to clear your head and get away from the difficulties of life, some of which might be related to military service," said Clelland. "We’ve provided for those with physical disabilities handicap-friendly kitchens, toilets and passages."I think some of the wounds that our servicemembers are coming back with are those that you can’t see. A peaceful place like this can help heal those wounds." 2041
CAMPO, Calif. (KGTV) -- Cal Fire responded Saturday afternoon to a large fire burning near the border in Campo. According to the agency, the fire is raging near Forest Gate Road and Border Road.Although Southern California Air Operations tweeted around 11:45 a.m. that the fire "is now well established on the U.S. side," Cal Fire says the blaze never reached the U.S. Air Operations said it sent several aircraft to the fire, including two tankers and two helicopters, but around 1 p.m., all aircraft were released from the fire. The agency said the fire is burning in light flashy fuels with a rapid rate of spread. The blaze is estimated at 50 to 100 acres currently, Cal Fire reported. Smoke could be seen rising from the hills east of Tecate, Mexico. No other details are available at this time.Stay with 10News for the latest updates on this developing story. 873
Candlelight vigils are being planned for Monday across the state of Florida in memoriam of the 17 people killed in a mass shooting at Marjory Stoneman Douglas High School in Parkland, Florida.The Florida PTA is holding a statewide candlelight vigil on Monday, February 19 to remember and honor the victims of the tragic shooting.Related:The?latest on the Florida school shooting17 victims identified, see photos and read their stories here 452
California's Camp Fire didn't just kill dozens of people and destroy thousands of homes. It also left an insurance company in financial ruins, unable to pay millions of dollars to policyholders.A state judge ruled that Merced Property & Casualty Co. can't meet its obligations after last month's Camp Fire, the deadliest and most destructive wildfire in California history.Merced's assets are about million, but it faced about million in outstanding liabilities just in the city of Paradise, court filings show.Judge Brian McCabe's decision allows the California Department of Insurance to take control of Merced. According to court documents, the state's Conservation & Liquidation Office will start liquidating what's left of the company.Photos: Wildfires devastation in CaliforniaUnlike with bankruptcy, where a business or individual can start over, liquidation means there is no hope for a company's recovery.Fortunately for Merced's policyholders, they are covered by the California Insurance Guarantee Association, which "protects resident claimants in the event of an insurance company insolvency."But the association has maximum benefit limitations, according to Merced."If it ends up that you have a claim in excess of CIGA's limits," the company said, "the excess will be a claim against the assets of Merced." 1337