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Heritage Oaks Bank settles with Gearhart investors

Written on 30 Jul, 2013 in Featured, Uncovered SLO | 32 comments

By KAREN VELIE In a last minute decision, Heritage Oaks Bank agreed to settle with investors in Hurst Financial’s Vista del Hombre project in Paso Robles for a currently undisclosed amount of money, an investor said. The settlement was agreed... (Continue reading)

Would-be supervisor list is growing

Written on 30 Jul, 2013 in Daily Briefs, Featured | 33 comments

At least six people reportedly seek a gubernatorial appointment to replace the late 4th District Supervisor Paul Teixeira, including former Arroyo Grande mayor Mark Millis and — according to numerous sources — Teixeira’s administrative assistant, Debbie Geaslen. Geaslen’s husband, Tom,... (Continue reading)

JP Morgan penalized for manipulating California electricity prices

Written on 30 Jul, 2013 in Daily Briefs, Featured | 24 comments

Energy regulators ordered JP Morgan to pay $410m in penalties for allegedly manipulating electricity prices in California and the mid-west on Tuesday. [Guardian] JP Morgan has agreed to pay the penalties, though the bank disputes it used improper bidding strategies... (Continue reading)

Seven arrested in Paso Robles heroin bust

Written on 30 Jul, 2013 in Daily Briefs, Featured | 5 comments

A month long Paso Robles police investigation ended on Saturday with the arrest of seven people and the seizure of $2,770 in cash and $1,000 worth of black tar heroin. While serving a warrant at a residence on the 100... (Continue reading)

SoCal house-flipping roaring back

Written on 29 Jul, 2013 in Daily Briefs, Featured | 13 comments

Signaling a potential statewide housing sector recovery, the practice of flipping houses in Southern California has suddenly reached near-record levels, matching the 2005 high. (Los Angeles Times) Flipping of residential units at the peak of the busing bubble was in... (Continue reading)

Gibson strong arms public comment

Written on 29 Jul, 2013 in Featured, Opinion | 25 comments

OPINION By JULIE TACKER We live in a country where free speech is coveted, but here in “San-Gibson-Obispo County” such freedoms are under fire. In the wake of the untimely death of Chairman of the Board of Supervisors, Paul Teixeira,... (Continue reading)

Atascadero bookkeeper convicted of embezzlement

Written on 29 Jul, 2013 in Daily Briefs, Featured | 5 comments

An Atascadero bookkeeper who embezzled more than $123,000 from a client’s bank account was sentenced to two years in San Luis Obispo County Jail. [Atascadero News] While working for A. R. Pete Reed Bookkeeping, Teresa Olmscheid wrote checks to herself... (Continue reading)

Black bear spotted in Avila Beach

Written on 29 Jul, 2013 in Daily Briefs, Featured | 3 comments

A black bear was spotted in the community of Avila Beach Saturday morning. [KCOY] The California Department of Fish and Wildlife says the bear sighting was the second of the year in the Avila Beach area. “This is probably the... (Continue reading)

Audit catches $36,000 in overpayments to fired Oceano manager

Written on 29 Jul, 2013 in Featured, Uncovered SLO | 29 comments

By KAREN VELIE Tom Geaslen, recently terminated for cause as Oceano Community Services District general manager, paid himself more than $162,000 a year even though he was only contracted to make $126,000 a year, an audit of the district’s finances... (Continue reading)

Controversy arises over prisoner’s death

Written on 29 Jul, 2013 in Daily Briefs, Featured | 7 comments

Advocates of a California prison inmate hunger strike announced one of the prisoners who had been refusing meals has died, but state corrections officials said the death is under investigation as a suicide. [Reuters] Supporters and inmates say Billy Sell,... (Continue reading)