Arcadia resident and philanthropist Charles Huang donates $7.5 million to Methodist Hospital of Southern California. Huang is a global entrepreneur who owns Pasadena-based private equity company Pasaca Capital Inc. His gift will fund a high-tech operating room. Representative Judy Chu is in the photo with Charles Huang. See also Mountain Views News, p. 8, July 2, 2022.
California Horse Racing Board (CHRB) rebuffs Santa Anita Park, gives Pleasonton thumbs up. Tensions had risen when Craig Fravel, executive vice chairman of 1/ST Racing, which runs Santa Anita Park for the Stronach Group, said in a letter to CHRB members that the Arcadia track might close if Southern California interests don't receive more simulcast wagering revenue, which would have happened if Northern California was denied a major meet.
Former TV finance analyst from Arcadia James Arthur McDonalds, Jr. charged with lying to investors about the health of his finance firm and failing to disclose massive losses incurred through risky investments following the onset of the COVID-19 pandemic. McDonald was CEO of Los Angeles-based Hercules Investments and Redondo Beach-based Index Strategy Advisors Inc. He is believed to be in hiding.