Posted inMoney and Politics

Calif. Sen. Leland Yee’s collision course of political ambition and debt

California Sen. Leland Yee leaves the federal courthouse in San Francisco after posting bail. He is accused of political corruption and gun trafficking.Ben Margot/AP The sun was shining on a brisk January day when Leland Yee took a seat at an undisclosed San Francisco coffee shop. Across from him sat a Cosa Nostra crime boss. […]

Posted inMoney and Politics

VA cites drop in opiate prescriptions, but some skeptical of progress

Veteran Justin Minyard said he became addicted to opiates prescribed by the VA.ABC News U.S. Department of Veterans Affairs senior officials told a panel of skeptical House lawmakers today that the VA has reduced the number of veterans receiving opiates by more than 20,000 since October in response to congressional pressure and media scrutiny. “The […]

Posted inMoney and Politics

Cassity family funeral businesses create $600 million fraud scheme

The collapse of a St. Louis funeral business called National Prearranged Services might represent the worst financial scandal to hit the U.S. funeral industry, with claimed losses of $600 million. From start to finish, it was a family affair, federal prosecutors and plaintiffs’ lawyers have said in court. The enterprise’s driving force was James “Doug” […]

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Subprime lending execs back in business 5 years after crash

Financial company executives testify before the U.S. Senate Banking Committee in 2007. At the time, Andy Pollock (far right) was president of First Franklin, a subprime mortgage lender whose risky loans hastened the downfall of Merrill Lynch. Today, he’s co-CEO of Rushmore Loan Management Services, a company that traditionally collected payments on loans and now […]

Posted inImmigration, Money and Politics

Firm tied to Willie Brown gets political boost for Hunters Point plan

Former Mayor Willie Brown speaks during the Hunters Point groundbreaking. On its website and in company brochures, the San Francisco Bay Area Regional Center refers to Brown as a “principal,” but he denies knowledge of the investment firm.Michael Short/For The Center for Investigative Reporting House Minority Leader Nancy Pelosi and San Francisco Mayor Ed Lee […]

Posted inMoney and Politics

Homeowner fighting foreclosure wins trial loan modification

Ricardo Rodriguez (holding bullhorn) participates in a protest against Bank of America in early March, recounting his story of fighting foreclosure on the steps of a branch in the San Francisco’s Mission District.Amy Julia Harris/Center for Investigative Reporting Ricardo Rodriguez, a San Francisco resident who has been fighting to save his home from foreclosure, has […]

Posted inMoney and Politics

Calif. agencies often fail to protect confidential information, data shows

When a thief rang up $2,000 in charges at Victoria’s Secret, Gymboree and Gap on Rosa Franco’s credit card, she quickly surmised the reason – the state of California had mistakenly left her credit card and Social Security numbers exposed. Twice. The state Department of Developmental Services, which serves Franco’s 5-year-old daughter and thousands of […]