(Photo courtesy

State Controller To Probe City Of Industry Finances Over ‘Significant Discrepancies’

The investigation comes in response to an audit that raised questions about $326 million in payments linked to a former mayor and his family.


(Photo by Kevork Djansezian/Getty Images)

Compton Official Warns Water Usage Penalties Could Sink Lower-Income Families

Officials in Compton and other lower-income cities are warning that residents may be unable to bear any additional financial burden imposed by mandatory water restrictions.


(credit: Getty Images)

Mayor Garcetti, Metro Board To Deliver First $65K To Businesses Impacted By Rail Expansion

The program was created by the Metro Board last year to provide financial assistance to “mom and pop” businesses located along the Crenshaw/LAX line, the Little Tokyo area of the Regional Connector and segment one of the Purple Line subway extension.


electric utility service

Officials To Resume Audit of DWP Trusts; City Launches ‘Online Checkbook’

City officials announced Friday the launch of an online database of financial records for the Department of Water and Power in an effort to make the utility more transparent to taxpayers.


(credit: CBS)

LA County Launches Outreach To Educate Seniors About Financial Scams

An estimated one in five seniors has fallen victim to a financial scam, with only a fraction of such incidents ever reported to authorities, Los Angeles County prosecutors said Monday.

CBS2 / KCAL9–03/31/2014

UCLA college students campus university tuition

UCLA Survey: Financial Aid Plays Bigger Role For Incoming College Freshmen

College costs and financial aid are playing an increasingly decisive role in how incoming freshman in the U.S. determine where to attend school, according to a new UCLA survey.


Los Angeles County District Attorney Jackie Lacey (CBS)

DA Lacey Calls For Banks To Assist High-Tech Crime Unit

Just six months after taking office, the Los Angeles County District Attorney is declaring war on cyber crime.


(credit: Richard A. Brooks/AFP/Getty Images)

KNX On Your Corner: Countrywide Financial

At one time the largest mortgage lender in the U.S., Countrywide Financial was based in Calabasas.


Rep. Brad Sherman (D-Sherman Oaks) (credit: Tim Sloan/AFP/Getty Images)

Valley Congressman Revisits Bill Aimed At ‘Too Big To Fail’ Banks

A San Fernando Valley Congressman is backing legislation to keep the nation’s biggest banks from threatening the stability of the financial system in the event of a collapse.



Report: Rate Of OC Elder Abuse Skyrockets In ‘Perfect Storm’

The number of reported elderly abuse incidents is on the rise in Orange County, according to a report released Monday.


Gary Gallion and Shawna Bayless were in custody on unrelated charges prior to being arrested on charges related to the murder of Joseph Cone. (courtesy SBPD)

Wife, 2 Inmates Charged In Murder Of San Bernardino Man

Police said Tuesday a San Bernardino woman and two other suspects were in custody on charges of plotting to have her husband killed for a financial windfall.


business financial planning estate

DA: Family Members Most Likely To Scam Older Americans

A major effort was underway Wednesday to protect millions of older Americans from falling prey to financial fraud schemes.

KNX 1070 NEWSRADIO–11/02/2011

Lenny Dykstra (credit: AP PHOTO/Graphics Bank)

Dykstra Pleads Not Guilty To Grand Theft, Fraud Charges

Dykstra, 48, who is already facing charges of bankruptcy fraud in federal court, entered the plea in a San Fernando courtroom.

KNX 1070 NEWSRADIO–08/08/2011

business financial planning estate

Money 101: Estate Planning

In need of estate planning? Colleen Barney, Managing Partner at Albrecht & Barney in Irvine, has some good advice.


generic 110 freeway, downtown

KFWB On Your Corner: LA Chamber Of Commerce

Los Angeles is part of what many consider to be the central passage to the Pacific Rim and all major financial markets around the world.