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California Treasurer John Chiang on Governor’s Signing of Senate Bill 33 (Forced Arbitration)

California Treasurer John Chiang on Governor’s Signing of Senate Bill 33 (Forced Arbitration)

  John Chiang, California State Treasurer   SACRAMENTO – Victims of fraud by Wells Fargo Bank and other financial institutions finally can have their day in court thanks to Senate Bill 33, sponsored by State Treasurer John Chiang and consumer advocates. .  The governor today signed SB 33, authored by Sen. Bill Dodd, D-Napa, into law. The […]

Defendant sentenced to 14 years for bilking Financial Institutions out of $16 Million

Defendant sentenced to 14 years for bilking Financial Institutions out of $16 Million

By Jennifer Felten United States v. Vera Kuzmenko In this case the United States government brought an action against defendant Vera Kuzmenko, a real estate agent, and others, on account of a massive real estate fraud she orchestrated. The scheme involved the defendant obtaining real estate commissions by submitting grossly fraudulent loan applications to lenders […]