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Banking

A collection of news and information related to Banking published by this site and its partners.

Top Banking Articles

Displaying items 25-36
  • Five tri-city residents plead not guilty in bank fraud scheme

    Five residents from the Glendale-Burbank-Pasadena area pleaded not guilty Monday to federal charges that they used cash advance kiosks in casinos to steal more than $1 million from Citibank, officials said. Pasadena resident Asatur Asatryan, 33, and...
  • State agrees to pay out $3 million more for Glendale redevelopment obligations

    State agrees to pay out $3 million more for Glendale redevelopment obligations
    They may have lost the war, but Glendale officials have won a battle over millions of redevelopment funds. Last week, state finance officials agreed to give Glendale nearly $3 million it had denied in mid-December. Although Sacramento lawmakers ended...
  • Man gets 25 years for ID theft

    A member of an Armenian crime ring was sentenced Wednesday to serve 25 years in federal prison for orchestrating an identity theft and bank fraud scheme while in prison. U.S. District Court Judge David Carter sentenced Arman Sharopetrosian, 33, of...
  • Glendale man pleads guilty to scamming investors out of $8 million

    A Glendale man pleaded guilty on Thursday to running three separate scams, including a Ponzi scheme that defrauded 30 families out of more than $8 million. Kaveh Vahedi, 51, also acknowledged his involvement in a mortgage fraud scam where at least 250...
  • Bank of America to shed 281 jobs in Glendale

    Bank of America to shed 281 jobs in Glendale
    Roughly 280 Bank of America employees in Glendale will either be transferred or laid off in the wake of the company's decision to close its corporate offices on North Brand Boulevard by the end of the year. The 281 employees who work at 611 N. Brand...
  • Glendale stands by its transfer of electric utility revenues

    City officials say they are on solid legal ground in continuing to transfer tens of millions of dollars in operating revenue from Glendale Water & Power -- no matter how residents vote in April on proposed amendments to the charter’s language...
  • FBI raid nets 15 accused in $100M Medicare case

    Fifteen people in Glendale and Burbank were arrested early Wednesday in connection with a major healthcare fraud scheme — most of who were accused of being associated with a crime enterprise that submitted more than $100 million in bogus claims to...
  • Four convicted in identity theft and bank fraud scheme

    Four members of an alleged Armenian organized crime ring were convicted by a federal judge in San Ana Wednesday on charges of identity theft and bank fraud, prosecutors announced Thursday. The five-week trial at the U.S. District Court in Santa Ana ended...
  • Gatto's senior account bill passes Assembly

    A bill designed to protect senior citizens and others from having their bank accounts drained passed the state Assembly recently by a 69-0 vote. The legislation, introduced by Assemblyman Mike Gatto (D-Silver Lake), stipulates that funds in bank accounts...
  • Bail set for Burbank campaign treasurer arrested on fraud charge

    Kinde Durkee, the campaign treasurer for many prominent California Democrats whose arrest last week on a federal fraud charge rocked the political world, was slated to be released Friday on $200,000 bond. U.S. Magistrate Judge Jay C. Gandhi ordered...
  • Alleged identity theft scheme uncovered at Glendale flower shop

    Alleged identity theft scheme uncovered at Glendale flower shop
    A Glendale florist was arrested at his hillside home Thursday for allegedly using bank account information stolen from his customers to buy $1,900 in gift cards at Target stores in Glendale and Burbank. Vahik Ghookasian, owner of Daisy’s Florist on...
  • Burbank Temporary Aid Center gets $5K donation

    Burbank Temporary Aid Center gets $5K donation
    Community Bank donated $5,000 to the Burbank Temporary Aid Center earlier this month. The nonprofit was only one of the seven organizations Community Bank donated to this holiday season, bank officials said. “We chose to support BTAC because...