Thursday, September 18, 2014

Executive swindled [SchoolsFirst] credit union for $2.7M 
(OC Reg)
     A former executive with a major Santa Ana-based credit union has admitted embezzling nearly $2.7 million from his employer over more than a decade.
     David Lugo, 41, was a systems administrator and later vice president with SchoolsFirst Federal Credit Union.... SchoolsFirst said it discovered the embezzlement a few months ago and reported it to the FBI….

Vacation-Loving Credit Union Embezzler Faces 80-Year Prison Term
     …Lugo used embezzled funds to take luxury vacations in Hawaii, Europe, Las Vegas and Florida as well as for casino gambling, jewelry from Tiffany & Co., new vehicles, clothes, cosmetic dental work, college tuition and expensive dining, according to U.S. Department of Justice prosecutor Jeannie M. Joseph….

Two police agencies are missing weapons 
(OC Reg)
     The Arcadia and Huntington Beach police departments have been suspended from a federal weapons program after a 2013 audit revealed each station was missing one gun, federal officials announced this week. 

The National Defense Authorization Act, a program known as “1033” that has been in operation since 1997, allows the U.S. secretary of defense to transfer excess property from the Department of Defense to law enforcement agencies at federal, state and local levels.
. . .
     Arcadia was missing a Colt 1911 semi-automatic pistol, and Huntington Beach was unable to locate a military-grade rifle. The departments were suspended following the audits….
. . .
     In addition to Arcadia and Huntington Beach, seven other law enforcement agencies in California were suspended in 2013 and 2014, officials said. The California Highway Patrol in Sacramento, the Stockton Police Department in San Joaquin County and the sheriff’s departments in Napa, San Mateo, Stanislaus, Siskiyou and Sutter counties all were missing weapons during audits.

Cal State Fullerton sorority sanctioned for 'Taco Tuesday' party
(OC Reg)
     The Alpha Delta Pi chapter is said to be working to fulfill disciplinary measures, brought on when attendees at a recruitment party in August attended in costumes that included sarapes, sombreros, mustaches and gang attire that specifically referenced a Latino affiliation, the dean of students said....

Consumer watchdog says Corinthian Colleges set up ‘predatory lending scheme'
(OC Reg)
     Federal regulators are seeking more than $500 million from Corinthian Colleges, saying the Santa Ana-based chain of for-profit schools used predatory lending practices to swindle thousands of students….

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