County officials did not provide CalCoastNews the press release regarding the possible termination of David Edge and the appointment of Jeff Hamm. This is not uncommon. Because of this, the following e-mail was sent to County Counsel Warren Jensen:... (Continue reading)
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)
By KAREN VELIE During the latest battle over assets of failed Estate Financial Inc. (EFI) , attorneys for trustees, former co-owner Charlie Applebaum, Joshua Yaguda’s wife, and Heritage Oaks bank argued their clients alleged claims at an asset hearing on Friday. San... (Continue reading)
By KAREN VELIE and DANIEL BLACKBURN An attorney with a prominent San Luis Obispo law firm who injected himself into the ongoing hard money lending scandal has assembled a group of investor clients with apparently competing interests. Roger Frederickson of the Sinsheimer... (Continue reading)
By KAREN VELIE Prosecutors and defense attorneys today asked a judge to postpone arraignment and bail hearing for Estate Financial Inc. principles Karen Guth and Joshua Yaguda for the fourth time. San Luis Obispo Superior Court Judge Charles Crawford agreed to... (Continue reading)
By KAREN VELIE and DANIEL BLACKBURN Investors in both the Estate Financial Mortgage Fund (EFMF) and Estate Financial Inc (EFI) received gloomy reports from trustees regarding recouping investments through the bankruptcy court. The bad news was contained in a letter sent... (Continue reading)
By KAREN VELIE Atascadero City Manager Wade McKinney probably isn’t feeling very gay this holiday season after getting some straight talk about a looming and large payout of taxpayer money to settle a police department dispute. McKinney, who heads SLO county’s most... (Continue reading)
By KAREN VELIE and DANIEL BLACKBURN Trustees working the Estate Financial Inc. (EFI) collapse – including a pair retained by the failed lender – want nearly a quarter-million dollars for their efforts during the past month and a half. That includes $10,400... (Continue reading)
By DANIEL BLACKBURN and KAREN VELIE A Fresno attorney appointed earlier this month to widen the examination of troubled lender Estate Financial Inc. (EFI) is enlisting the help of UncoveredSLO.com’s readers. Independent evaluator Hanno Powell, an attorney with the firm of Powell... (Continue reading)
By DANIEL BLACKBURN and KAREN VELIE A top county official’s Arroyo Grande home was jointly purchased by her and the family trusts of local lawyer Clay Hall, whose firm receives hundreds of thousands of dollars annually as the vendor responsible for... (Continue reading)