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Articles Tagged With ‘Court’




Pasolivo: How much is the ranch really worth?

Written on 28 Oct, 2009 in Uncovered SLO | 2 comments

Editor’s note: This is the second and final article in a series of stories examining how the development of Pasolivo olive ranch was funded through Estate Financial Inc. and how the San Luis Obispo County Superior Court-controlled asset is being... (Continue reading)

HFI’s Jay Miller forced into bankruptcy

Written on 29 Jun, 2009 in Uncovered SLO | One comment

By KAREN VELIE Several investors in Hurst Financial Inc’s (HFI) hard money lending schemes thrust HFI President Jay Miller into involuntary Chapter 7 bankruptcy citing Miller’s failure to repay loans he personally guaranteed. Before their meltdown a little more than a year... (Continue reading)

Con man misleads Hertel-Fowler bankruptcy trustee

Written on 12 Jun, 2009 in Uncovered SLO | One comment

By KAREN VELIE Bankruptcy court trustees are investigating claims that businessman Rob Rossi and the City of Atascadero are concealing assets of developer R.W. Hertel and Sons in an attempt to help the bankrupt home builder avoid paying creditors and taxes. Trustees... (Continue reading)

Hertel and Fowler court ordered to appear

Written on 7 Jun, 2009 in Uncovered SLO | One comment

By KAREN VELIE Following an emergency motion, a federal judge ordered R.W Hertel and Sons’ principles Ronald Hertel and Robert Fowler to appear in bankruptcy court or face possible arrest, according to the June 4 order. U.S. Bankruptcy Judge Robin Riblet signed... (Continue reading)

Guth and Yaguda plead not guilty

Written on 16 May, 2009 in Uncovered SLO | One comment

By KAREN VELIE Estate Financial Principles Karen Guth and Joshua Yaguda Friday pleaded not guilty in San Luis Obispo Superior Court to charges they defrauded millions of dollars from more than 3,000 people. Prosecutors have charged Guth and her son Yaguda with... (Continue reading)

EFI judge slashes lawyer fees

Written on 23 Apr, 2009 in Uncovered SLO | 3 comments

By KAREN VELIE A federal bankruptcy judge slashed fee requests and ordered professionals working on the Estate Financial Inc. (EFI) bankruptcy to practice frugality in an attempt to protect assets for EFI investors at a hearing on Wednesday in Santa Barbara... (Continue reading)

Atascadero’s C.R. Lara loses $750,000 judgment

Written on 30 Mar, 2009 in Uncovered SLO | One comment

By DANIEL BLACKBURN A trusted financial advisor alleged to have systematically looted a client’s account over a four-year period has been ordered to pay more than $750,000 to Liz Berman, owner of an Atascadero mobile home park. The February order against... (Continue reading)

EFI financial battle hints at new suspects

Written on 24 Mar, 2009 in Uncovered SLO | 4 comments

By KAREN VELIE A third figure emerged as a possible suspect in fraud precipitating the collapse of hard money lender Estate Financial Inc. (EFI) during yesterday's courtroom squabble over the remains of the once rich and influential entity. San Luis Obispo County... (Continue reading)

UPDATE: Unmasking Dalido’s mysterious foe

Written on 18 Mar, 2009 in Uncovered SLO | One comment

By KAREN VELIE Centervest, the group that contracted to take the torch from Ernie Dalidio and propel his proposed development through the system, has backed out, reportedly because of the economic downswing. Meanwhile, Dalido’s team continues attempts to unmask their mysterious... (Continue reading)

Estate Financial chiefs’ arraignments postponed

Written on 27 Oct, 2008 in Uncovered SLO | 10 comments

By THE EDITORS San Luis Obispo Superior Court Judge Jac Crawford Monday agreed to continue the arraignment of Estate Financial Inc. principles Karen Guth and her son Joshua Yaguda on 26 felony charges to Nov. 21. Irvine-based attorney Dyke Huish requested the... (Continue reading)