California News -11-10-2021

K Buenavista — Wed, 10 Nov 2021 23:52:35 +0000

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

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

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

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

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