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SAN DIEGO (CNS) - Several San Diego County parks will close for the month of August, in a precautionary move taken annually due to expected extreme heat levels, the county Parks and Recreation department announced today.El Capitan Preserve near Lakeside, Mt. Gower Preserve near Ramona, Hellhole Canyon Preserve in Valley Center and Wilderness Gardens in Pala will close Wednesday.Additionally, Agua Caliente Regional Park and Vallecito County Park in the Anza-Boreggo Desert are closed all summer.Related Links: 526
SAN DIEGO (CNS) -- San Diego can meet the demand for new housing over the next 10 years but will have to make numerous changes to codes and procedures to get there, according to a report presented by city officials Thursday.A series of proposals to alleviate a housing shortage was announced by the San Diego Housing Commission and City Council members David Alvarez and Scott Sherman.Some of their ideas are to: 425

SAN DIEGO (CNS) - The Poway man accused of running a million dollar Ponzi scheme has pleaded guilty to grand theft and securities fraud. He is slated to be sentenced to a dozen years in state prison next month for orchestrating the scheme that scammed nearly 50 victims, the California Department of Insurance announced Wednesday.Team 10 first spoke to several alleged victims of Dougherty last year. They said he stole the money he was supposed to invest for them. Sheriff's investigators said he targeted the elderly planning for retirement. He offered victims investment opportunities in companies he owned, then used some of their funds for his personal expenses like home remodeling, travel and college tuition, according to officials.A spokesperson for the District Attorney's Office said 47-year-old Christopher Dougherty pleaded guilty to three counts of securities fraud, three counts of grand theft, and admitted to a white collar crime enhancement.Dougherty also used some of the victims' money to pay back other investors "in classic Ponzi fashion," according to the Department of Insurance. When he was no longer able to pay his investors back, "the Ponzi scheme collapsed."RELATED: San Diego man suspected of stealing millions in Ponzi scheme arrestedMore than half of Dougherty's victims were 65 years of age or older, according to prosecutors.Among the investments Dougherty touted to his victims was a 100-acre organic cattle ranch and marijuana growing project in Alpine that didn't generate any profits for investors.Dougherty filed for bankruptcy in October 2018.RELATED COVERAGE:San Diego man accused of taking millions of dollars in alleged Ponzi schemeSan Diegans wonder if they will get their money back from alleged Ponzi schemeTeam 10: More San Diegans come forward about alleged Ponzi scheme"Dougherty ruthlessly took advantage of his clients' trust in order to steal their life savings, causing unfathomable harm," state Insurance Commissioner Ricardo Lara said. "Thanks to the great work by Department of Insurance investigators and the San Diego (County) District Attorney's Office, his conviction will bring some level of justice to victims and their families."Dougherty was charged last April by the San Diego County District Attorney's Office and has been in custody since then.“This was a classic Ponzi scheme where the defendant stole millions of dollars from trusting families and senior citizens. These aren’t rich investors, they’re people who worked hard and trusted their life savings with someone who preyed on their vulnerabilities," District Attorney Summer Stephan said after Dougherty's arrest.Sentencing is slated for April 24. 2684
SAN DIEGO (CNS) - The CEO of a La Jolla-based financial services firm pleaded guilty Wednesday to defrauding shareholders, falsifying tax returns and operating an unlicensed money services business.David Nava, head of Surf Financial Group LLC, worked with others to convert publicly traded companies' debt into unrestricted stock under false pretenses, and then sold the stock, despite being banned since 1994 by federal securities regulators from taking part in the securities industry, according to federal prosecutors.Prosecutors say Nava, 62, directed others to write fraudulent attorney opinion letters that facilitated removing restrictions on stocks so they could be sold, in circumvention of the U.S. Securities and Exchange Commission's regulations on the offer and sale of securities.The Department of Justice said brokerage firms cleared the sale of shares of the restricted stocks on the basis of those letters, allowing Nava and others to sell millions of shares, then move the proceeds into bank accounts under his control.In addition to his plea to a federal count of conspiracy to commit securities fraud, Nava also pleaded guilty to operating an unlicensed money transmitting business, which he used to move millions of dollars in financial proceeds, and a tax fraud count for falsifying federal tax returns from 2014 to 2016, in which he underreported Surf Financial's profits in order to conceal his true income and tax liability, according to the Department of Justice.Sentencing is slated for Jan. 8 in San Diego federal court. 1556
SAN DIEGO (CNS) - The San Diego City Council voted unanimously Monday to amend an agreement between former Mayor Bob Filner and the developer Carmel Partners over the development of an apartment complex that drew criticism.The development's current owner, Trea Blvd63, LLC, sought to nullify the agreement, which required the development's owner to rent apartments to tenants by the room rather than by the bed. When it was being built in 2013, opponents of the apartment complex argued that it more closely resembled a dormitory rather than the luxury units it was billed as.``I applaud my council colleagues for correcting these corrupt mistakes of the past, and moving forward from Filner's blatant misuse of power,'' Sherman said. ``This is a good reminder that big problems happen when elected officials abuse the power of their office.''Carmel Partners began work on the CentrePoint apartment complex, located in Rolando, in 2013. The city ordered the stoppage of construction of the complex, citing the need for additional construction permits. According to City Councilman Scott Sherman's office, Filner also ordered San Diego's Development Services Department to not conduct inspections on the development's completed phases, keeping construction workers from continuing with the project.At the same time, the Rolando Community Council demanded that the CentrePoint project, and the developers of any other new projects in the area, pay for improvements to the neighborhood. The CentrePoint development offered to pay 0,000 for improvements.Then-City Councilwoman Marti Emerald, representing the area, suggested that the project needed additional changes regardless of the funding. CentrePoint subsequently sued the city in U.S. federal court, arguing that Filner, Emerald and the rest of the city government had illegally stanched the development. The city and CentrePoint eventually reached a settlement, in which the development's backers.Sherman framed the dispute as an overreach by Filner and called it a victory for property rights. Sherman was in his first year on the council at the time.The council voted 8-0 to amend the agreement, with City Councilwoman Dr. Jen Campbell absent. 2210
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