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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 (CNS) - TV actress Lori Loughlin will serve her prison sentence at the federal correctional institution in Victorville for her role in the college admissions scandal, according to court papers obtained Thursday.A judge signed off on the actress' request to serve her time at the medium-security federal prison camp, according to a Sept. 9 order filed in Boston federal court.Loughlin's husband, clothing designer Mossimo Giannulli, will serve his sentence at the low-security federal prison for men at Lompoc in Santa Barbara County.Loughlin was sentenced on Aug. 21 to two months behind bars -- hours after her husband was handed a five-month term -- for paying 0,000 in bribes to get their daughters admitted to USC as crew team recruits, even though neither girl played the sport.U.S. District Judge Nathaniel M. Gorton ordered the "Full House" star and her husband to self-surrender at their respective prisons on Nov. 19 to begin serving their time.Loughlin was also ordered to pay a 0,000 fine and serve two years of supervised release with 100 hours of community service.Along with his prison term, Giannulli was ordered to pay a 0,000 fine and serve two years of supervised release with 250 hours of community service.Victorville prison camp inmates are housed in "open bay" dormitories, two and four-person cubicles, and four-person rooms. Job positions involve driving, working in food and trash services, plumbing, painting, grounds keeping and education. The institution also operates an auto parts warehouse employing three-dozen female inmates providing inventory services, according to the camp's website.At sentencing, Loughlin told the court that she had "made an awful decision. I went along with a plan to give my daughters an unfair advantage in the college admissions process."The couple were accused of paying half a million dollars in bribes to the admitted mastermind of the scheme, college admissions counselor Rick Singer, to get their daughters, Olivia Jade and Isabella Rose Giannulli, accepted into USC as crew recruits.After a year of insisting on their innocence, the 56-year-old actress pleaded guilty in May to one count of conspiracy to commit wire and mail fraud, while her husband pleaded guilty to one count of conspiracy to commit wire and mail fraud and honest services wire and mail fraud.As part of the scheme, they sent fake crew recruiting profiles to Singer that included bogus credentials, medals and photos of one of their daughters on a rowing machine. Neither daughter is now enrolled at USC.According to prosecutors, evidence shows that Giannulli, 57, was the more active participant in the scheme."He engaged more frequently with Singer, directed the bribe payments to USC and Singer, and personally confronted his daughter's high school counselor to prevent the scheme from being discovered, brazenly lying about his daughter's athletic abilities," federal prosecutors wrote."Loughlin took a less active role, but was nonetheless fully complicit, eagerly enlisting Singer a second time for her younger daughter, and coaching her daughter not to `say too much' to her high school's legitimate college counselor, lest he catch on to their fraud," they wrote.More than 50 people have been charged in the probe, which investigators dubbed operation "Varsity Blues." Of 38 parents charged, 26 have pleaded guilty and received sentences ranging from the two weeks given to "Desperate Housewives" star Felicity Huffman to a nine-month term imposed on Doug Hodge, former head of a Newport Beach-based bond management firm.Huffman was released Oct. 25 from a low-security federal prison camp in Northern California 11 days into a 14-day sentence for paying to have a proctor correct her daughter's answers on a college-entrance exam. 3804
LONG BEACH, Calif. (CNS) - Long Beach Mayor Robert Garcia announced Monday that his stepfather died due to complications from COVID-19, one day after the family held a memorial service for the mayor's mother."We are incredibly saddened to share that my stepfather, Greg O'Donnell, has passed away due to complications from COVID-19," Garcia said in a statement. "It's a heartbreaking loss for our entire family, especially for my brother Jake."O'Donnell, who died Sunday at 58, "was a kind and good-hearted man, an amazing father and grandfather, and the best husband our mom could have ever hoped for. He worked hard for his family and started his own successful small business as a contractor with his brothers," Garcia said.Garcia's mother, Gaby O'Donnell, a longtime health care worker, died late last month due to complications from the coronavirus at the age of 61. The couple had been married for 27 years.The mayor and his brother thanked the nurses and doctors who cared for O'Donnell, and Garcia shared a post by his sibling."As my family is just broken with the loss of my parents -- I find comfort in knowing that they are together again -- free of any pain or suffering," Jake posted.Garcia announced in July that his mother and stepfather had been hospitalized with COVID-19 and placed on ventilators. Garcia has tested negative, saying he had limited contact with his mother and stepfather during the pandemic due to social-distancing requirements."My brother and I are heartbroken," Garcia said in a statement following his mother's death. "Our mother was the kindest and most compassionate person we've ever known. She immigrated from Peru to the United States in search of the American Dream, and she found it. She became a healthcare worker, caring for thousands of patients over her career and assisting nurses and doctors who she loved dearly. She loved to help people and lived a happy and joyous life." 1933
LOS ANGELES (AP) — California is sending every registered voter a mail-in ballot for the November election, but the state will also establish hundreds of locations for people who want — or need — to vote in-person. The decision to send every voter a mail-in ballot was prompted last month by health concerns tied to the coronavirus. Democratic Gov. Gavin Newsom says the state will also have a range of options for in-person voting. Counties must open a minimum of one in-person voting location for every 10,000 voters beginning the Saturday before Election Day. In-person voting locations must also allow voters to maintain physical distancing. RELATED:California to send all voters mail-in ballots this NovemberRNC sues Gov. Newsom over order to send mail ballots to all California votersThe executive order will also require ballot drop-box locations be available between Oct. 6 and Nov. 3. In-person voting sites will be available in county elections offices starting 29 days before Election Day.Republicans have been critical of the state's plans for November. 1073
LOS ANGELES, Calif. – For the first time in its 18-year run, “The Bachelor” has named a black leading man.The reality show announced Friday that 28-year-old Matt James will star as the bachelor for the 25th season. 222