McDonald's Corporation celebrates its official 50th anniversary today. The McDonald brothers' first food outlet was an orange juice stand and furniture store in Arcadia called Wigwam.
Former Arcadia man accused of lying, losing millions of investors' money. James Arthur McDonald, Jr. former CEO and Chief Investment Officer of Hercules Investments LLC and Index Strategy Advisors Inc. was charged with one count of securities fraud. Prosecutors claim McDonald lost clients of his Los Angeles-based firm Hercules millions of dollars in late 2020. He had been renting a home in Arcadia.
Los Angeles County Arboretum celebrates 75th anniversary with an Arboretum Foundation fundraiser event honoring Los Angeles County Supervisor Kathryn Barger for her ongoing support. The event raised $241,000 for the education programs and care of the 125 acre Arboretum gardens and landmark structures. Also in attendance Michael Desplaines, CEO of the Arboretum, Susan Kranwinkle, Annette Castro Ramirez, and Pamela Hillings Tegtmeyer (all in photos).
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.
Monrovia man Yi Chen gets 4 years in prison for fraud in a student visa scheme to get Chinese immigrants into the U.S. unlawfully. From June 2015-February 2021, Chen was the CEO and owner of two so-called educational consulting companies in Alhambra and Arcadia that charged foreign students thousands of dollars for "guaranteed" admission to a college that would lead to the issuance of an F-1 student visa. See also Arcadia Weekly, p. 2, October 6, 2022.
Arcadia Weekly columnists: Mimi Hennessy, superintendent of Arcadia Schools, p. 4; Albert Ramirez, p. 12; Brian Lottman, "Seniors Page," p. 18; Ethel Mitty, "Seniors Page," p. 19; Mathy Mezey, "Seniors Page" p. 19.
Arcadia Methodist Hospital set to announce partnership with USC. Bryan Green (or Brian Green) will discuss the hospital's new partnership with USC at the Arcadia Community Coordinating Council meeting on April 4. Includes biographical information on Green.
Brian Simpson was arrested by Arcadia Police Department after allegedly trying to defraud the Foothill Federal Credit Union of $59,000 through a fictitious car loan. It was a sting operation by the Arcadia Police Department.