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NEWS
By Brittany Levine, brittany.levine@latimes.com | February 9, 2013
Glendale is counting on state officials to give it about $1.4 million for a redevelopment-related loan over the course of next year as it prepares the city's next budget. But there's still uncertainty over how much the California Department of Finance will give Glendale by July - the start of the new fiscal year - and what the city will get in the future when it comes to the nearly $66 million the city used to kick-start redevelopment projects. The city is depending on the money to pay for programs and personnel, said City Manager Scott Ochoa.
NEWS
By Brittany Levine, brittany.levine@latimes.com | February 22, 2013
Money is flooding in for City Council candidate Zareh Sinanyan, who has raised $31,815 in cash donations, the most so far of the 12 candidates competing for three seats in the April 2 election. “I knew that I would be one of the leaders, but I thought the incumbents would have raised more than me,” Sinanyan said. “I hope in a way that shows that people have confidence in me.” The two incumbents, Laura Friedman and Ara Najarian, aren't far behind, though. Friedman and Najarian took in $24,844 and $22,245, respectively, according to financial disclosure forms released Friday.
LOCAL
By Veronica Rocha | January 8, 2010
PASADENA — Attorneys representing five people who were charged with beating and torturing two loan modification agents asked for more time Thursday to reach a potential settlement. Attorney Stephen Wegman and three other defense attorneys asked Los Angeles County Superior Court Judge Teri Schwartz if the case could be extended to Jan. 27 to accommodate negotiations on a possible settlement with the district attorney. Schwartz sent the case back to Burbank Superior Court to be settled.
NEWS
April 29, 2003
A Glendale woman was sentenced to two years in federal prison Monday for abusing her position as a loan officer to steal the identities of her credit union's customers, officials said. Ibell Abellon, 40, pleaded guilty to four counts of bank fraud Dec. 9, after using the names and social-security numbers of several Southland Credit Union customers to obtain bogus loans totaling $367,995, Assistant U.S. Atty. Angela J. Davis said. Davis called Abellon's scheme a "loan kite," because Abellon would obtain funds for a car, using a VIN number from an account at her bank and open another loan to pay for the first one. Abellon funded 17 of these loans from January 2000 to October 2001, Davis said.
NEWS
July 16, 2012
The ongoing upgrade of the Rose Bowl in Pasadena has hit a snag after officials disclosed a funding gap of $37.6 million. Rose Bowl officials said on Saturday that they may have to postpone about $14-million worth of work and may seek a loan of $28.6 million to solve the shortfall. Pasadena City Councilman Victor Gordo, who is also president of the Rose Bowl Operating Co., said at a meeting Saturday that negotiations with the Tournament of Roses and UCLA are ongoing to determine what work may be postponed.
NEWS
By Veronica Rocha, veronica.rocha@latimes.com | August 28, 2012
A former Glendale man was sentenced Monday to 10 years in federal prison for scheming to defraud private lenders of more than $5 million, officials said. U.S. District Judge Virginia Phillips also ordered the man, 44-year-old Henrik Sardariani, to pay $5.4 million to the victims of his scheme and also to pay a $100,000 fine, according to the U.S. attorney's office. Henrik Sardariani pleaded guilty in January to five felony counts of wire fraud, conspiracy and money laundering for organizing the loan-fraud scheme.
NEWS
October 15, 2008
Zarian to host loan manager on show A manager for a local Countrywide Financial branch is scheduled to appear live on ?The Larry Zarian Show? on Thursday to discuss how local homeowners are handling the current market crisis. Countrywide became engrossed in the subprime mortgage crisis last year before being bought by Bank of America in January. Alan Pezeshkian, local branch manager for Countrywide Financial Glendale, will talk about the current home loan market, public outreach and education campaigns for property owners and how the recent developments in Washington, D.C., to the global economic downturn could affect future home buying.
SPORTS
By Adolfo Flores, adolfo.flores@latimes.com | August 13, 2012
The cost of renovating the Rose Bowl has risen by another $2 million, officials say, pushing the project's budget gap to roughly $39 million. The news comes as the Rose Bowl Operating Co. is seeking a $30.6-million loan and delaying parts of the project to save $14 million. The total price tag for creating new luxury seating and an expanded press box, adding new scoreboards, shoring up old parts of the structure, widening tunnels and other repairs is now $177 million, but that could be reduced to $162 million after deferring some of the planned work.
NEWS
By Brittany Levine, brittany.levine@latimes.com | March 26, 2013
Zareh Sinanyan - the City Council candidate at the center of this election season's biggest controversy so far - has also amassed the largest campaign war chest, with $70,065 on hand, according to the most recent financial disclosure filings. “The money is just flowing in,” Sinanyan said. “People are overwhelmingly supporting me.” Contributions for the April 2 election continued despite a request by some council members earlier this month to remove Sinanyan from his city commission seat because of vulgar and threatening comments that were posted under his name on YouTube and other websites.
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NEWS
By Veronica Rocha, veronica.rocha@latimes.com | February 26, 2014
The last defendant in a saga of more than four years involving the torture and kidnapping of two loan modification agents in Glendale was sentenced Wednesday to six years in state prison. La Cañada resident Daniel Weston, 56, is one of five defendants who have already been convicted after agreeing to take a plea deal in a scheme to torment loan agents Lamond Dean and Luis Garcia over a financial dispute. He had entered a guilty plea to a charge of assault with a deadly weapon with great bodily harm more than a year ago, but that was held as he completed a ministry program while he was jailed, said Los Angeles County Superior Court Judge Suzette Clover in a Pasadena courtroom.
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NEWS
By Brittany Levine, brittany.levine@latimes.com | March 26, 2013
Zareh Sinanyan - the City Council candidate at the center of this election season's biggest controversy so far - has also amassed the largest campaign war chest, with $70,065 on hand, according to the most recent financial disclosure filings. “The money is just flowing in,” Sinanyan said. “People are overwhelmingly supporting me.” Contributions for the April 2 election continued despite a request by some council members earlier this month to remove Sinanyan from his city commission seat because of vulgar and threatening comments that were posted under his name on YouTube and other websites.
NEWS
By Brittany Levine, brittany.levine@latimes.com | February 22, 2013
Money is flooding in for City Council candidate Zareh Sinanyan, who has raised $31,815 in cash donations, the most so far of the 12 candidates competing for three seats in the April 2 election. “I knew that I would be one of the leaders, but I thought the incumbents would have raised more than me,” Sinanyan said. “I hope in a way that shows that people have confidence in me.” The two incumbents, Laura Friedman and Ara Najarian, aren't far behind, though. Friedman and Najarian took in $24,844 and $22,245, respectively, according to financial disclosure forms released Friday.
NEWS
By Brittany Levine, brittany.levine@latimes.com | February 9, 2013
Glendale is counting on state officials to give it about $1.4 million for a redevelopment-related loan over the course of next year as it prepares the city's next budget. But there's still uncertainty over how much the California Department of Finance will give Glendale by July - the start of the new fiscal year - and what the city will get in the future when it comes to the nearly $66 million the city used to kick-start redevelopment projects. The city is depending on the money to pay for programs and personnel, said City Manager Scott Ochoa.
THE818NOW
By Brittany Levine, brittany.levine@latimes.com | December 26, 2012
A group of parishioners had gathered inside the chapel of St. Mark's Episcopal Church for a planning meeting a couple weeks ago when a woman came in searching for the “healing cross.” Past the church pews, at the end of a long hallway, the Byzantine-era cross hung encased in a glass box, surrounded by gold studs and illuminated by lights. The woman reached through a hole drilled in the glass. She touched the face of Christ etched into the center of the cross no bigger than one's palm.
NEWS
By Veronica Rocha, veronica.rocha@latimes.com | August 28, 2012
A former Glendale man was sentenced Monday to 10 years in federal prison for scheming to defraud private lenders of more than $5 million, officials said. U.S. District Judge Virginia Phillips also ordered the man, 44-year-old Henrik Sardariani, to pay $5.4 million to the victims of his scheme and also to pay a $100,000 fine, according to the U.S. attorney's office. Henrik Sardariani pleaded guilty in January to five felony counts of wire fraud, conspiracy and money laundering for organizing the loan-fraud scheme.
SPORTS
By Adolfo Flores, adolfo.flores@latimes.com | August 13, 2012
The cost of renovating the Rose Bowl has risen by another $2 million, officials say, pushing the project's budget gap to roughly $39 million. The news comes as the Rose Bowl Operating Co. is seeking a $30.6-million loan and delaying parts of the project to save $14 million. The total price tag for creating new luxury seating and an expanded press box, adding new scoreboards, shoring up old parts of the structure, widening tunnels and other repairs is now $177 million, but that could be reduced to $162 million after deferring some of the planned work.
NEWS
July 16, 2012
The ongoing upgrade of the Rose Bowl in Pasadena has hit a snag after officials disclosed a funding gap of $37.6 million. Rose Bowl officials said on Saturday that they may have to postpone about $14-million worth of work and may seek a loan of $28.6 million to solve the shortfall. Pasadena City Councilman Victor Gordo, who is also president of the Rose Bowl Operating Co., said at a meeting Saturday that negotiations with the Tournament of Roses and UCLA are ongoing to determine what work may be postponed.
NEWS
By Veronica Rocha, veronica.rocha@latimes.com | July 13, 2012
Police are warning residents to beware of scammers who called and allegedly harassed a Glendale woman by repeatedly demanding she repay a bogus loan or face arrest. The scammers claimed they were from the Law Office of Patricia Brown, 1160 11th Ave. in San Francisco, and were trying to collect an unpaid loan. Other victims have said similar scammers use the same address in San Francisco, but alter the name of the law office or say they are Michael Carter from the “Department of Legal Affairs.” Apparently, it's a scam not worth hiding.
NEWS
By Brittany Levine, brittany.levine@latimes.com | July 6, 2012
Amid fears of being perceived as giving preferential treatment, Monrovia's City Council this week failed to reach consensus on modifying a home loan made to their former city manager, Scott Ochoa, who left that city for the top job in Glendale. In 2004, Monrovia offered the newly hired Ochoa $275,000 as part of a 30-year second mortgage. He's paid about $100,000 in interest over the years and is supposed to pay off the entire loan when he sells his house. But with his home upside-down - he bought it for $775,000 and plans to sell it for $739,000 - he offered to pay $200,000 of his debt through the home sale and asked the city to let him pay the remaining over the next three to four months with an escalating interest rate.
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