Saturday, January 5, 2008

Happenings in Orange County

The following piece of information appeared in, an on-line magazine dealing with news from Orange County.

EDUCATION The former finance director of Aliso Viejo’s Soka University of America pleaded innocent last week to charges he embezzled $1.7 million from the private university during seven years. Kiyoshi Hatanaka, 52, of Aliso Viejo left his job at university in early 2006 after allegations arose that he had created sham university accounts at a Los Angeles bank to gamble large sums at casinos in Temecula and Las Vegas, officials said. He was indicted on eight counts of embezzlement and eight counts of money laundering. A trial date has been scheduled for Feb. 12.

ECONOMIC INDICATORS 84 of 112 OC companies on a Bloomberg stock index closed lower in 2007.
Distressed homes made up 24% of OC homes for sale in late December, up from 23% two weeks earlier.

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