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California attorney pleads guilty to scamming $8.7 million from investors to finance lavish lifestyle

Published Fri, 01 Nov 2024 08:19:28 GMT

A Newport Beach attorney pleaded guilty Monday, July 24, to swindling investors out of more than $8 million to finance a lavish lifestyle of jewelry, cars, gambling, and a six-month stay at a luxurious Las Vegas resort.Sara Jacqueline King, 39, who operates King Family Lending LLC and is a partner in the King Reuben law firm, faces a maximum of 20 years in prison for wire fraud and 10 years for money laundering at sentencing, which is scheduled for Jan. 8 in U.S. District Court in Santa Ana.Newport Beach-based King Family Lending provided short-term, high-interest loans to professional athletes, celebrities and other wealthy individuals, according to a plea agreement. The loans supposedly were secured by the borrowers, whose assets included designer handbags, watches, luxury automobiles, yachts and earnings from guaranteed sports contractsKing told investors, whom she recruited from January 2022 to January 2023, their funds were secured by the same collateral as the loans themselves...

California woman convicted of crimes tied to her role as secretary for Mexican Mafia shot-caller

Published Fri, 01 Nov 2024 08:19:28 GMT

A 42-year-old La Verne woman, described as a secretary for an imprisoned shot-caller in the Mexican Mafia, was found guilty of three felony charges by a federal jury Monday.Kelly Deshannon served as a secretary to shot-caller and imprisoned Mexican Mafia member Seferino Gonzales, of what prosecutors call the Michael Lerma Cell. Gonzales exerted control over Latino gangs based in Pomona and oversaw drug trafficking and other criminal offenses committed in that area, the U.S. Department of Justice said in a news release.Members of the Mexican Mafia relied on secretaries, who were often female associates, to communicate with incarcerated members and relay their instructions to other members, court records show.Gonzales demanded a Mercedes-Benz SUV from an inmate at the Los Angeles County Jail and directed Deshannon to take the car from a victim who was in possession of the keys to the automobile. After failing to obtain the car, Gonzales ordered Deshannon and two other accomplices to t...

American National Bankshares: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 08:19:28 GMT

DANVILLE, Va. (AP) — DANVILLE, Va. (AP) — American National Bankshares Inc. (AMNB) on Tuesday reported second-quarter earnings of $7.1 million.The Danville, Virginia-based bank said it had earnings of 67 cents per share.The bank holding company posted revenue of $33.8 million in the period. Its revenue net of interest expense was $25.5 million, which did not meet Street forecasts.American National Bankshares shares have dropped 14% since the beginning of the year. The stock has fallen 10% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMNB at https://www.zacks.com/ap/AMNBSource

NextEra Energy Partners: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 08:19:28 GMT

JUNO BEACH, Fla. (AP) — JUNO BEACH, Fla. (AP) — NextEra Energy Partners LP (NEP) on Tuesday reported second-quarter net income of $49 million.The Juno Beach, Florida-based company said it had net income of 53 cents per share.The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.The limited partnership for clean-energy projects posted revenue of $350 million in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $392.9 million._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NEP at https://www.zacks.com/ap/NEPSource

Anywhere Real Estate: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 08:19:28 GMT

MADISON, N.J. (AP) — MADISON, N.J. (AP) — Anywhere Real Estate Inc. (HOUS) on Tuesday reported profit of $19 million in its second quarter.The Madison, New Jersey-based company said it had profit of 17 cents per share. Earnings, adjusted for one-time gains and costs, came to 24 cents per share.The real estate brokerage operator posted revenue of $1.67 billion in the period._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HOUS at https://www.zacks.com/ap/HOUSSource

Hubbell: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 08:19:28 GMT

SHELTON, Conn. (AP) — SHELTON, Conn. (AP) — Hubbell Inc. (HUBB) on Tuesday reported second-quarter net income of $206.8 million.On a per-share basis, the Shelton, Connecticut-based company said it had profit of $3.82. Earnings, adjusted for one-time gains and costs, came to $4.07 per share.The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.63 per share.The electrical products manufacturer posted revenue of $1.37 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.35 billion.Hubbell expects full-year earnings in the range of $14.75 to $15.25 per share._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HUBB at https://www.zacks.com/ap/HUBBSource

Atlantic Union: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 08:19:28 GMT

RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Atlantic Union Bankshares Corporation (AUB) on Tuesday reported second-quarter earnings of $55.2 million.The Richmond, Virginia-based bank said it had earnings of 70 cents per share. Earnings, adjusted for non-recurring costs, came to 74 cents per share.The holding company for Atlantic Union Bank posted revenue of $254.4 million in the period. Its revenue net of interest expense was $179.9 million, which topped Street forecasts.Atlantic Union shares have declined 12% since the beginning of the year. The stock has dropped nearly 10% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AUB at https://www.zacks.com/ap/AUBSource

Switzerland and Norway draw 0-0 at Women’s World Cup, leaving Group A up for grabs

Published Fri, 01 Nov 2024 08:19:28 GMT

HAMILTON, New Zealand (AP) — Goalkeeper Gaelle Thalmann shielded Switzerland to a 0-0 draw against Norway on Tuesday at the Women’s World Cup, as the Norwegians played without star striker Ada Hegerberg because of injury. Hegerberg was initially listed to start, but the team announced during the match that the former Ballon d’Or winner was unable to play after experiencing “a feeling in the groin” toward the end of her pre-match warmups. The Norwegians could have used her to break open a scoreless game. In her place, Sophie Roman Haug started the match as a striker. But Roman Haug’s Women’s World Cup debut proved to be a fruitless one. She was substituted in the 73rd minute for Karina Saevik. Switzerland and Norway each had their share of opportunities to score a decisive opener throughout the match, but it was Norway that forced Thalmann to come up with four saves.Despite a constant drizzle for most of the match, 10,769 fans were in attendance for the Group A match in a Waika...

Encuentran muerto a un exchef de la Casa Blanca y empleado de los Obama

Published Fri, 01 Nov 2024 08:19:28 GMT

(CNN) — Un exchef de la Casa Blanca que trabajaba para la familia Obama fue hallado muerto este lunes en un estanque en la costa sur de Martha’s Vineyard, según la Policía de Massachusetts.Tafari Campbell, de 45 años, “fue empleado del expresidente Obama y estaba visitando Martha’s Vineyard en el momento de su fallecimiento”, según un comunicado de prensa deeste lunes de la Policía Estatal de Massachusetts.Campbell fue reportado como desaparecido el domingo por la noche después de hacer remo, dijo la Policía.Entró “al agua, pareció luchar brevemente para permanecer en la superficie, y luego se sumergió y no resurgió”, dijo un comunicado de prensa anterior de la Policía estatal. Otro paddleboarder en el estanque con él en ese momento lo vio sumergirse en el agua, según el comunicado.Agentes de la Policía Ambiental de Massachusetts recuperaron el cuerpo de Campbell poco antes de las 10 a.m. de este lunes en Edgartown Great Pond, según un comunicado de prensa de la Po...

Ares Capital: Q2 Earnings Snapshot

Published Fri, 01 Nov 2024 08:19:28 GMT

NEW YORK (AP) — NEW YORK (AP) — Ares Capital Corp. (ARCC) on Tuesday reported second-quarter earnings of $331 million.The New York-based company said it had net income of 59 cents per share. Earnings, adjusted for non-recurring gains, came to 58 cents per share.The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.The private equity firm posted revenue of $634 million in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $623.3 million.Ares Capital shares have increased 6% since the beginning of the year. The stock has risen slightly more than 1% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ARCC at https://www.zacks.com/ap/ARCCSource