Estate Financial investors have chance to claim assets
October 26, 2008
By KAREN VELIE
Estate Financial Inc. investors have just 30 days to file any claim to assets belonging to EFI principals Karen Guth and her son Joshua Yaguda, according to a financial notice posted by the San Luis Obispo District Attorney’s Office Oct. 24. “
“The property and assets subject to the above described proceedings includes all property and assets in the control of Guth and/or Yaguda, or which has been transferred by Guth and/or Yaguda to any third party subsequent to the commission of any criminal act alleged pursuant to Penal Codes section 186.11(a),” the notice reads.
Guth and Yaguda were arrested Oct. 16 on 26 felony charges by a joint task force including agents from the state departments of Corporations and Real Estate, the district attorneys office, the IRS, and the FBI. A white-collar crime enhancement places the pair’s personal belongings, property, business holdings, bank accounts, vehicles, and other items are under court jurisdiction.
Assets include bank accounts at Heritage Oaks Bank and Rabobank; homes in Cayucos and Paso Robles; a pair of gas stations; the Pasolivo olive oil ranch; a Jaguar convertible; the Three Bells Winery; and a multitude of limited liability corporations.
Claimants must serve a verified copy of their claim at the San Luis Obispo County District Attorney’s Office, County Government Center, Room 450, San Luis Obispo, CA 93408. “Failure to file a verified claim stating an interest in the property or assets with the Superior Court of the County of San Luis Obispo and also the District Attorney’s Office will result in a waiver of any interest in the property without further hearing,” according to the notice.
Guth and Yaduda are accused of swindling more than 3,400 investors, primarily seniors, out of millions of dollars. They are scheduled to be arraigned Monday at 8:30 a.m. in San Luis Obispo County Superior Court Department 7.