Estate Financial of Atascadero (defunct)
Estate Financial Inc of Atascadero, principals Joshua Yaguda and Karen Guth.
Three former employees of now defunct Estate Financial Inc. (EFI) claim they witnessed fraudulent behavior while employed at the Paso Robles hard money lending firm.
On 7 Dec, 2009 San Luis Obispo Superior Court Judge Jac Crawford sentenced Estate Financial, Inc. principal Karen Guth to 12 years in prison and Joshua Yaguda to eight years for fraudulently selling securities without the proper licenses, lying to investors and stealing or destroying property worth $3.2 million. Guth and Yaguda pleaded guilty in October to 26 felony counts after Crawford offered a plea
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PDFCentral Coast reservoirs declining, photos
After five years of drought, California reservoirs are only at an average of 46.4 percent of their capacity. With photos taken by the Landsat 7 and Landsat 8 satellites, you can view the changes to four Central Coast reservoirs during the past 15 years. Both the 2001 and 2016 pictures were taken the same month, […]... (Continue Reading)
Estate Financial president Karen Guth getting out of prison early
A principal in a fraudulent $3oo million investment scheme she ran out of the Estate Financial Inc. office in Paso Robles, which financially ruined thousands of people, is slated to be released after serving a little more than six years in prison, according to a Department of Corrections and Rehabilitation notice of release. After spending […]... (Continue Reading)
Josh Yaguda off probation
A principal in a fraudulent $300 million investment scheme he ran out of the Estate Financial Inc. office in Paso Robles, which financially ruined thousands of people, has been taken of probation. After spending three years and four months of an eight year sentence, Joshua Yaguda, 43, was released under San Luis Obispo County Probation […]... (Continue Reading)
Paso Robles Pasolivo olive ranch sold
A Newport Beach family has purchased the Pasolivo olive oil business and its surrounding 131 ranch in Paso Robles, with the proceeds slated to help pay the victims of hard money lenders Karen Guth and Joshua Yaguda. [Tribune] Though the purchase price is currently undisclosed, in 2011, the 131 acre ranch including three standalone homes, […]... (Continue Reading)
Estate Financial felon getting out of prison early
A principal in a fraudulent $3oo million investment scheme he ran out of the Estate Financial Inc. office in Paso Robles, which financially ruined thousands of people, is slated to be released after serving a little more than three years in prison, according to a Department of Corrections and Rehabilitation notice of release. After spending […]... (Continue Reading)
Guth’s Pasolivo olive ranch sale squashed
A secretive process to sell Karen Guth’s Pasolivo Olive Ranch in Paso Robles has been stopped and the purchase of the ranch is now open to the public. Currently, the 131 acre ranch including three stand alone homes, a studio apartment with a garage, a barn, an olive oil tasting room, a processing facility, and 34 acres of olive trees is... (Continue Reading)
Heritage Oaks Bank loans ‘fed the monster’
An appellate court denied Heritage Oaks Bank's latest attempt to obtain assets of Estate Financial Principal Karen Guth, noting that the bank’s actions had harmed investors. Earlier this month, the Second District Court of Appeals upheld a San Luis Obispo County Superior Court ruling rejecting Heritage Oak Bank’s claim to Guth’s assets because the bank "tried to put itself above everybody... (Continue Reading)
DA’s office in secret deal to sell Pasolivo
The San Luis Obispo County District Attorney’s office is close to finalizing a deal to sell the Pasolivo Ranch property, which is to be used to reimburse victims of the Estate Financial investment fraud. But Deputy District Attorney Steve von Dohlen has used a secret process that has kept potential buyers from learning about the sale or bidding up the price... (Continue Reading)
Bryan Cave wants Estate Financial case dismissed
A request by Bryan Cave attorneys to have a $184.7 million malpractice suit filed by Estate Financial Inc. (EFI) bankruptcy trustees dismissed is headed to federal court in Los Angeles. [PacificCoastBusinessTimes] On April 29, Thomas Jeremiassen, one of the EFI bankruptcy trustees, filed a complaint that claims Bryan Cave LLP, an internationally renowned law firm […]... (Continue Reading)
EFI sues Bryan Cave attorneys $100 million for malpractice
A bankruptcy trustee filed suit Friday against Estate Financial Inc.’s (EFI) former attorney and her employing firm, Bryan Cave LLP, alleging a cover up which led to the swindling of more than $100 million from more than 1,500 San Luis Obispo County investors. The complaint claims Bryan Cave LLP, an internationally renowned law firm with 1,000 plus lawyers, and one of... (Continue Reading)
