Amid growing complaints about Ponzi-type schemes in the wake of the Bernard Madoff scandal, a company in Los Angeles is alleged to have swindled investors out of millions. Special correspondent Jeffrey Kaye reports. Continue reading
With the national foreclosure rate still climbing, some chose to live in foreclosed homes while others have been the victims of “rent skimmers,” people who pretend to own a foreclosed property and scam tenants out of thousands of dollars in security deposits and fees. Special Correspondent Jeffrey Kaye reports from Los Angeles. Continue reading
The Los Angeles Museum of Contemporary Art has agreed to accept $30 million in financial assistance from billionaire philanthropist Eli Broad, the Los Angeles Times reported.
The Los Angeles Museum of Contemporary Art (MOCA) is struggling to keep its doors open and hold onto one of the world’s best collections of post-World War II art.
Question/Comment: Paul, in 1965, my dad bought our house in a suburb of Los Angeles for about $3,000. In 1979, he sold it for about $80,000. Why did the market jump so much in just 14 years? This has been … Continue reading
Members of the Writers Guild of America returned to work Wednesday, after voting to end a 100-day strike that left many out of work and TV shows in reruns. Michael Winship, president of the WGA-East, discusses the details of the agreement reached with the studios. Continue reading