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(Bob Chamberlin / Los Angeles Times / July 2, 2013) Also By Angel Jennings and Abby Sewell August 27, 2013, 7:28 p.m. Compton City Councilman Isaac Galvan belatedly filed mandatory campaign finance forms after state officials threatened to open a formal investigation when he missed several deadlines. The financial statements, which were submitted Thursday, show that Galvan spent $29,000 on his race to become Compton’s first Latino elected official. Galvan also reported that he raised only half as much as he spent. Most of his donations came from people outside of Compton in neighboring southeast communities. According to the documents, Galvan has outstanding debts totaling $15,500, most of which was attributed to printing campaign fliers. The 26-year-old reported that he owes Angel Gonzalez, his former campaign manager, almost $12,000. Galvan hired Gonzalez as his community liaison when he won the election. Gonzalez was subsequently fired by Compton’s city manager after The Times published a story that revealed Gonzalez’s criminal history. In 2002, Gonzalez was convicted of a felony conspiracy charge reduced to a misdemeanor at his sentencing for sending out attack mailers with copies of fake official documents. In a separate case, he was convicted on two misdemeanor counts of sending out misleading campaign fliers.
Silvia ordered to pay $20,000 for campaign finance violations
This is a great site for those who want to live more frugally and educate themselves on personal finance. Wisebread From quick tips, to find frugal shorts, to useful financial life hacks, Wisebread has a little of everything and its fun. Wisebread also reviews cards based on their various categories, so they have guides to choosing the best travel rewards cards, 0% balance transfer cards, best cards for groceries, and the best cards for receiving cash back. Hidden behind catchy titles, like Your Sleeping Position May Be Hurting You and Investment Secrets of the Rich and Famous, is some really useful, outside-of-the-box information. Definitely worth checking out.
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Nies graduated with a Bachelor of Science in Computer Science from the University of California San Diego. About Think Finance Think Finance develops online financial products that bridge the gap between payday loans and credit cards. Using our technology and analytics platform, Think Finance and the lenders we work with have provided over $3.5 billion in credit to 1.5 million consumers in the U.S. and abroad and have saved customers over $1 billion compared to payday loans.
<img src='http://www.trbimg.com/img-521e7774/turbine/la-me-ln-document-isaac-galvan-campaign-filings-sl/187/187×105' width='220px' alt='Document: Isaac Galvan campaign filings’ style=’float:left;padding:5px’ />
Among the specific violations, Silvia spent $25,800 directly from a bank account listed under the name of Colette Matarese, who the representative described as a longtime friend and companion. The account did not include any of Silvias personal funds even though he was added as a signatory in March 2012. OCPF said the use of Matareses money from the account represents an excess contribution above the $500 annually as allowed under state law. In a deposition from Matarese, she informed the OCPF that she considered the money in the account as much Silvias money as her funds. Of the $25,800, the committee only disclosed $11,600 on campaign finance reports.
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* A PricewaterhouseCoopers (PwC) pension fund is in talks to buy a stake in a German skyscraper, in what could be one of Europe’s biggest property deals this year, a source close to the negotiations told Reuters. * Citadel LLC, Virtu Financial, Two Sigma and RGM Advisors are among the companies bidding for E*Trade Financial Corp’s market-making unit in a deal expected to be worth $100 million to $200 million, several sources with direct knowledge of the situation said on Wednesday. * Institutional fixed-income trading platform providers Tradeweb and MarketAxess are among three bidders for BondDesk Group LLC in a deal that is expected to be valued up to $200 million, two sources familiar with the situation told Reuters this week. * Verizon Communications Inc and Vodafone Group Plc have restarted talks over a possible buyout of the British firm’s stake in their U.S. wireless joint venture, the Wall Street Journal said, a deal that is expected to cost Verizon more than $100 billion.