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.
Bradbury man Steve Chen, CEO of U.S. Fine Investment Arts, Inc. Gem Coin, and other companies, allegedly conspired to commit fraud with his Arcadia-based marketing company, to plead guilty. He promised potential investors gemstones from their mines along with valuable digital currency. See also Arcadia Weekly, p. 4, February 27, 2020.
Arcadia resident, Ruixue "Serena" Shi, gets 20-year sentence for Coachella Valley fraud involving $22.8 million in funds for a condominium and hotel complex called Hyde Resorts and Residences Coachella Valley. Shi was president and owner of Global House Buyer (GHB), a China-based real estate development company, and also was CEO of the Beverly Hills-based company Hyde Morgan Development, LLC. Chinese investors in the Hyde project were falsely promised visas through the EB-5 Immigrant Investor Program.
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.
Ruixue "Serena" Shi, 36, of Arcadia, was arrested for allegedly swindling more than $20 million that was solicited for funding a condominium and hotel complex called Hyde Resorts and Residences in Coachella Valley. Shi was president and owner of Global House Buyer (GHB), a China-based real estate development company, and also was CEO of the Beverly Hills-based company Hyde Morgan Development, LLC.
Arcadia woman Ruixue "Serena" Shi, 37, pleaded guilty to soliciting $22.8 million in funds for a condominium and hotel project scheme. The crime is one federal count of wire fraud, which has a sentence of up to 20 years in prison. See also Arcadia Weekly, p. 3, 7, October 28, 2021.
Officials deport wine con man Rudy Kurniawan, who bilked collectors out of millions of dollars. He is back in Indonesia. He was putting less expensive Napa and Burgundy wines into counterfeit bottles at his home in Arcadia.
Food company executives Feng Wu Lam, who owns South El Monte based Golden Food, Inc. and her husband Wei Wen Wu, the company's manager, face insurance fraud, wage theft charges. They are accused of underreporting their payroll to workers' compensation insurance carriers by about $4.5 million between 2015 and 2019. They are both Arcadia residents.
Homeless count has massive overtones. Canvass has huge expectations because of political pressure and new programs, including the governor's move to conect homeless population with mental health services in the CARE Courts. The Los Angeles County total homeless count is 65,111 in 2022, that is a 2% increase from the count done in 2020. Arcadia's homeless count was 106 in January 2020 and in February 2022, it was 174, an increase of 68.
Los Angeles County Arboretum CEO Richard Schulhof, 65, to retire in late spring, after 14 years of leading the acclaimed horticultural site in Arcadia. New CEO expected this summer. See hard copy in VF.
Arcadia man's 100th birthday to be family affair. Art Del Rey turns 100 this weekend. He is a World War II veteran (United States Navy). He had a successful career in real estate and started his own business in 1963, Art Del Rey Realty, Inc. in Arcadia, which thrives to this day.
A cabin is lost, but memories endure. Greg Vanni of Arcadia, had a cabin among the 80 historic Chantry Flat cabins in Big Santa Anita Canyon. It burned to its foundation in the Bobcat Fire. It was a 350-foot cabin built in 1910 during "The Great Hiking Era," a time between the 1880s to the late 1930s in Southern California, when settlers from the city were drawn to the San Gabriel Mountains looking for adventure. The historic Adams Pack Station survived the fire.
Arcadia Gem Coin mastermind Steve Chen sentenced to 10 years in prison. One of Arcadia’s largest
financial scandals in 2015 involved cryptocurrency and a host of well-known public officials,
including a former Arcadia mayor, for involvement in a Ponzi scheme that ultimately shut down the
operations of the Arcadia business known as U.S. Fine Investment Arts, Inc. (USFIA).
CEO Ikenna Mmeje begins managing USC Arcadia Hospital. Ikenna "Ike" Mmeje will lead expansion of access to specialized healthcare and research to the San Gabriel Valley while overseeing all management and operations of the hospital. The hospital was formerly Methodist Hospital of Southern California and is now run by Keck Medicine. Mmeje replaces former president and CEO Dan Ausman, who has retired. Mmeje served as CEO of both Memorial Care Long Beach Medical Center and Miller Children's and Women's Hospital in Long Beach. He previously held CEO and COO roles with Tenet Healthcare.
Homeless numbers count due today. First tally since 2020 Pandemic start, affects nonprofit services, political races, and government. Karen Roberson, Founder and Director of Family Promise of San Gabriel Valley, a nonprofit that provides temporary shelter to unhoused families in Rosemead, Alhambra, San Gabriel, Monrovia and Arcadia, said finding homeless families can be a difficult task and believes that population is undercounted.
First phase of Le Meridien Hotel taking shape across from Santa Anita Park. Ground broke more than two years ago. The five-story building, on the site formerly occupied by the Santa Anita Inn (its address was 130 West Huntington Drive), was set to open first quarter of 2020, but it has been delayed. It will have a combination of Art Deco elements, inspired by nearby Santa Anita Park, with Modernist features. Architecture firm Architects Orange, interior design firm Linda Snyder Associates, and Snyder Langston is the construction team building the Le Meridien development that spans 6.5 acres.
Arcadia kicks off 2020 City Council election. Final candidates in District 1 are Mayor April Verlato running for reelection and newcomer Yuli J. Sira. Verlato is currently on the last year of her first term on city council and she as elected mayor her last year. She is an attorney with Verlato and Roberts law firm in Arcadia. She is a native of Arcadia, with a long list of endorsements, including former mayors of Arcadia. Sira is a real estate agent with Coldwell Banker. District 4 has two candidates--longstanding council member and former mayor Peter Amundson and newcomer Paul Cheng. Amundson has completed three terms on City Council and served twice as mayor. He is an Arcadia native, with a long list of endorsements. Paul P. Cheng is a highly publicized attorney specializing in business operations and commercial realty transactions. He previously ran for Arcadia City Council in 2010. Also up for reelection is City Clerk Gene Glasco. He is running unopposed.
Monterey Park shooting aftermath. Ex-tenant: Attack suspect hated his dance instructors. Huu Can Tran harbored a deep hatred for fellow instructors at Star Dance Studio where he killed 11 patrons and wounded 9 others on Saturday, January 21, the Lunar New Year eve. Tran's tenant, a man who formerly rented a small home from the gunman said Tran distrusted people and could become very angry. At one time, Tran had lived in an apartment in Arcadia. The former tenant describes other aspects of Tran's personality.
Arcadia residents, city officials grapple with homeless issue at a public forum at Arcadia Performing Arts Center. City Manager Dominic Lazzaretto said easing the homeless crisis comes down to two major areas--enforcement and services. Police Chief Roy Nakamura said the number of calls to Arcadia Police Department related to the homeless increased from 1493 in 2019, to 2067 in 2020.