California News -11-10-2021

Ponzi scheme has California man sentenced to 30 years in prison

  • On November 9, a 50-year-old man named Jeff Carpoff was sentenced to 30 years in prison after pleading guilty to a billion-dollar criminal fraud scheme, According to the US Justice Department 
  • This man was an owner of DC Solar, a solar generator manufacturer that appealed to investors because they came with numerous federal tax credits
  • The company supposedly lied to investors saying that 17,000 mobile solar generators had been manufactured even though they never existed

Governor Newsom alerts public about COVID surge as positive test rate ticks up

  • On November 9, Governor Gavin Newsom told Californians to prepare for another surge in COVID-19 cases at an economic conference in Monterey
  • In the most recent week for which data is available, 2.3% of COVID-19 test came back positive

Drought emergency declared for Southern California

  • On November 9, Directors of the Metropolitan Water District of Southern California have declared a regional drought emergency
  • The directors call for increased efforts to maximize water conservation and they report that water years 2020 through 2021 were the driest sequence on record in California

New report says that SoCal apartments for rent will see price hikes

  • From a report conducted by USD, it indicates that there will be sharp price hikes with Orange County renters seeing an average monthly rent increase of $410+ over the next 2 years
  • This forecast predicts that by the end of the third quarter of 2023, rents will increase by an average of $252 over the current level in LA County, $348 for SD County, $310 in Ventura County, and $241 for the Inland Empire

California stimulus checks to come soon, but only certain people qualify

  • As of November 10, California has distributed almost 4.5 million stimulus checks and about half of the payments are expected to be issued under the Golden State Stimulus II program
  • Under guidelines set by the state, only certain Social Security beneficiaries are eligible for the stimulus checks
  • One of the major requirements to receive the check of up to $1,100, people must have an adjusted gross income between $1 to $75,000 on their 2020 tax return

By K Buenavista

Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.