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1600 investors in Diamond Mortgage Company and A.J. Obie, two firms with the same managers, lost approximately $50 million in what the Michigan Court of Appeals described as "the largest reported 'Ponzi' scheme in the history of the state". It led to the passage in 1987 of the Mortgage Brokers, Lenders, and Servicers Act.
In the United States, civil forfeiture (also called civil asset forfeiture or civil judicial forfeiture) [ 1] is a process in which law enforcement officers take assets from people who are suspected of involvement with crime or illegal activity without necessarily charging the owners with wrongdoing. While civil procedure, as opposed to ...
California's "catch-all" provision was previously found in California Vehicle Code Section 23152(a); however new statutes that were made effective on January 1, 2014, two new sections were created to make sections specifically addressing those charged with driving under the influence of drugs, (which includes prescription medications if it can be shown that those medications impaired the ...
Venture capital (VC) is a form of private equity financing provided by firms or funds to startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or ...
The bill was passed by the California State Legislature and signed into law by the Governor of California, Jerry Brown, on June 28, 2018, to amend Part 4 of Division 3 of the California Civil Code. [2] Officially called AB-375, the act was introduced by Ed Chau, member of the California State Assembly, and State Senator Robert Hertzberg. [3] [4]
Violent crime rate by state (2022) [1] This is a list of U.S. states and territories by violent crime rate. It is typically expressed in units of incidents per 100,000 individuals per year; thus, a violent crime rate of 300 (per 100,000 inhabitants) in a population of 100,000 would mean 300 incidents of violent crime per year in that entire population, or 0.3% out of the total.
A study written by Robert Parker, director of the Presley Center for Crime and Justice Studies at UC Riverside, states that violent crime began falling almost two years before California's three-strikes law was enacted in 1994. The study argues that the decrease in crime is linked to lower alcohol consumption and lower rates of unemployment. [38]
Target is the latest mega-retailer to throw their hat in the ring next month. Announced earlier this week, Target Circle Week is headed our way. This year, the savings event will run from Sunday ...