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LOS ANGELES (AP) — Wells Fargo has agreed to pay billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank accounts in order to meet unrealistic sales goals.Since the fake-accounts scandal came to light in 2016, Wells has paid out billions in fines to state and federal regulators, reshuffled its board of directors and seen two CEOs and other top-level executives leave the company. The billion payment announced Friday includes a 0 million civil payment to the Securities and Exchange Commission, which will distribute those funds to investors who were impacted by Wells' behavior.Since 2016, the bank has battled a laundry list of legal troubles, including creating fake accounts, forcing customers into car insurance purchases they didn't need, overcharging customers, and charging them mortgage fees they didn't deserve. 928
LOS ANGELES (AP) — President Donald Trump does not have to disclose his tax returns to appear as a candidate on California’s primary ballot next spring, the state Supreme Court ruled unanimously Thursday.The law, the first of its kind in the nation and aimed squarely at Trump, violates a specification of the state constitution calling for an “inclusive open presidential primary ballot,” the court said.“Ultimately, it is the voters who must decide whether the refusal of a ‘recognized candidate throughout the nation or throughout California for the office of President of the United States’ to make such information available to the public will have consequences at the ballot box,” Chief Justice Tani Cantil-Sakauye wrote in the 7-0 decision.Trump has broken with tradition among presidential candidates by refusing to disclose his financial information.A U.S. judge had temporarily blocked the state law in response to a different lawsuit, and the high court ruled quickly because the deadline to file tax returns to get on the primary ballot is next week.The state Republican Party and chairwoman Jessica Millan Patterson challenged the bill signed into law this year by Democratic Gov. Gavin Newsom because it singled out Trump.“Today’s ruling is a victory for every California voter,” Patterson said in a statement. “We are pleased that the courts saw through the Democrats’ petty partisan maneuvers and saw this law for what it is — an unconstitutional attempt to suppress Republican voter turnout."The state defended the law, saying release of tax returns gave voters important information to weigh candidates’ financial status.Sen. Mike McGuire, a Democrat who authored the bill, said it was a simple requirement for candidates to meet and provided accountability.“Today’s decision flies in the face of what the American people have come to expect from presidential candidates — transparency,” McGuire said. “Every presidential candidate for the past 40 years has released their tax returns, with the exception of the current occupant of the White House. If he has nothing to hide, why wouldn’t he release them?”The law would have required candidates for president or governor to file copies of personal income tax returns dating back five years. Refusal to do so would keep them off the state's primary ballot, but not apply to general elections.The ruling does not apply to the requirement for gubernatorial candidates, Newsom spokesman Jesse Melgar said.“Governments have a moral duty to restore public confidence in government and ensure leaders seeking the highest offices meet minimal standards,” Melgar said in a statement. “Congress and other states can and should take action to require presidential candidates to disclose their tax returns.”California is the only state to pass such a bill, but the issue was before lawmakers in 20 states this year, said Wendy Underhill of the National Conference of State Legislatures.While bills in 10 states are still pending, those legislatures are on recess or done for the year so that legislation is effectively dead, Underhill said.Skeptical justices at a hearing earlier this month questioned whether such a law could open the door to future requirements of medical and psychiatric records or school report cards.Attorney Thomas Hiltachk argued for the state GOP that the law violated a 1972 voter-approved amendment guaranteeing that all recognized candidates must be on the ballot.Republicans also said it would lower voter turnout in the primary, hurting Republican legislative and congressional candidates’ chances of reaching the general election.Trump has cited an ongoing Internal Revenue Service audit in refusing to release his returns.Other courts have ordered Trump to turn over his tax returns to a Manhattan grand jury and the House of Representatives for separate investigations.The U.S. Supreme Court is weighing whether to intervene in the demand from a congressional committee or to let a lower appeals court ruling stand that would require disclosure of Trump’s taxes.Trump has also asked the high court to block a subpoena from a New York prosecutor for his tax returns.Manhattan District Attorney Cyrus R. Vance Jr. is seeking the records in an investigation that includes alleged payments to buy the silence of adult film actress Stormy Daniels and Playboy centerfold Karen McDougal, both of whom claim they had affairs with the president before the 2016 presidential election. Trump has denied the allegations. 4505
LOS ANGELES (AP) — Rapper 21 Savage says he will launch a free online financial literacy education program for youth sheltered at home during the coronavirus pandemic. The Grammy winner announced his new Bank Account At Home nationwide initiative on Wednesday. His efforts will include a partnership with Atlanta mayor Keisha Lance Bottoms to provide free WiFi and tablets for underserved students in the city. 21 Savage says he wants to empower youth to manage their money. His program will work with mobile banking service provider Chime and EverFi, an education technology platform. The rapper launched his Bank Account program in 2018 to teach financial literacy to teenage students across the United States. 720
LONDON (AP) — Don't worry: Daisy is fine. The owners of the St. Bernard that collapsed while descending on England's tallest mountain say she's recovering well after a mountain rescue team helped her to safety. 219
LOS ANGELES (KGTV) - The man accused of killing two men, including an LA County Sheriff's Deputy, and going on a four day crimes spree has mounting charges.Thursday Rhett Nelson, 30, from Utah was to be arraigned in LA court, the proceedings postponed until Jully 22.The District Attorney announced more charges are piled on to Nelson's case, including two counts of murder, one count of attempted murder and two counts of second degree robbery.Nelson was taken into custody around 10:40 a.m. Tuesday by Long Beach police in the 2400 block of Granada Avenue and later turned over to Los Angeles County Sheriff's Department investigators, who arrested him. San Diego Police say Nelson is under investigation in connection with five separate convenience store robberies across San Diego County. From June 7-9, four 7-Eleven stores and a Circle K were held up at gunpoint. In each case, the clerk turned over cash and the man left the scene before police arrived.Officers are reviewing surveillance video from the San Diego cases.Nelson is suspected in the shooting of Deputy Joseph Gilbert Solano, who was at the counter of a Jack in the Box restaurant at 2531 W. Valley Blvd. in Alhambra around 5:45 p.m. Monday when he was shot in the back of the head in what sheriff's officials believe was a random attack. Los Angeles police Chief Michel Moore said Nelson is also suspected in a fatal shooting that occurred about an hour earlier in the 1900 block of East Seventh Place, between Santa Fe Avenue and Alameda Street, in the downtown area. That shooting, apparently done from inside a vehicle, left Dmitry Koltsov, 30, dead. After killing Solano police say Nelson tried to kill a third man and robbed a Long Beach 7-Eleven and a Shell Gas Station.The sheriff's department on Wednesday released a booking photo of Nelson."Investigators believe there is a possibility suspect Rhett Nelson may have been involved in additional criminal incidents since entering California,'' according to the department. "With the public's interest in mind, the booking photo is being released in an effort to seek any possible additional victims.'' At a news conference on Tuesday afternoon, sheriiff's Capt. Kent Wegener told reporters that Nelson walked into a Long Beach church around 10 a.m. Tuesday, called his father in Utah and talked about carrying out a pair of shootings. "During that call he referred to committing murder in Southern California, obviously concerning his father,'' Wegener said. "The father called (the) Long Beach Police Department to report what his son had told him. Long Beach did a reverse directory on the phone number provided by the father and responded to that church.'' Pastor Brad Paradee said when Nelson arrived at First Nazarene Church at 2280 Clark Ave., he considered him homeless. "I was with him for one to two hours,'' Paradee told the Daily News. "I gave him food and coffee, let him use my phone to call home and take a shower. He had the gun with him the whole time.'' A short time later, Nelson was seen driving away from the church, and police took him into custody him without incident after he pulled into the driveway of a home on Granada Avenue, Wegener said. The hat and maroon shirt the gunman wore during the Jack in the Box shooting "were clearly visible in the rear seat of his car,'' he said. The suspect and the vehicle -- a Kia Sorento SUV -- also matched the description of those involved in the shooting, according to the captain. A revolver "matching the gun used in the assault'' was found inside the vehicle when a search warrant was served, Wegener said. Nelson's father, Bradley, issued a statement Tuesday regarding his son's arrest. "My wife Jean and I, along with our family, are saddened beyond words to hear of the shooting of Los Angeles Sheriff's Deputy Joseph Solano, and to learn that our son Rhett is being held in connection with this horrifying and senseless attack,'' Bradley Nelson said. "We are cooperating fully with authorities and will provide them with all information they request concerning Rhett and his struggles. We ask that people please pray for Deputy Solano and his family.''There was no word on why Solano was shot or if the gunman knew he was a sheriff's deputy. Solano, 50, was not in uniform and was not carrying a gun or badge or anything that would indicate he was a law enforcement officer, authorities said. Solano -- a 13-year department veteran described as a dedicated family man -- had just dropped off his mother's vehicle to be serviced at a Jiffy Lube near the Jack in the Box restaurant where he was shot, Villanueva said. He noted that Solano's father had recently died, and the deputy was the sole provider for his mother. "We're praying for his recovery,'' Villanueva said of the wounded deputy. "This is the part of this job that I don't relish and I always dreaded this day would happen. It happened way too soon.'' Villanueva described Solano as a "kind-hearted, generous person'' who was always willing to help others. Sheriff's officials said Nelson's relatives in Utah had recently reported him missing, with Wegener telling reporters that the suspect had arrived in Southern California around the first week of June. Nelson's father posted a photo of his son on Facebook on May 30 asking for help finding him, noting he had last been seen in southern Utah in his white 2012 Kia Sorento and that he had a history of drug abuse."Our 30 year old son Rhett Nelson disappeared 3 days ago, taking nothing with him but his phone, leaving all his clothing and his computer behind,'' Bradley Nelson wrote. "We've had no contact with him, his phone is dead or off since then. He has a history of opiate abuse and has been clean for about 6 months, but we know what a terrible struggle that is. We are praying for his safe return.'' By the first week of June, Rhett had made contact with relatives and told them he was in California, Capt. Mike Giles of the St. George Police Department told the Daily News. Moore said detectives developed a connection between the "senseless attack'' on the deputy and the fatal shooting in downtown Los Angeles that occurred around 4:50 p.m. Monday. Moore said a 30-year-old man was standing in the 1900 block of East Seventh Place "when a vehicle arrived and, according to other witnesses, an individual inside the vehicle had a brief exchange with our victim, gunfire erupted and our victim sustained at least one gunshot wound and died at the scene.''"We are led to believe that he (Nelson) is potentially responsible. We are led to that belief on the basis of the suspect Mr. Nelson's physical appearance, including some of his clothing, as well as the vehicle description,'' Moore said. Nelson was being held in lieu of million bail, according to sheriff's inmate records. Nelson had a misdemeanor drug conviction in Salt Lake City in December 2014, but no other criminal history. 6925