California will recover $15 million related to the massive Ponzi scheme engineered by Bernard Madoff as part of a larger agreement liquefying the $277 million estate of a Beverly Hills investment adviser, officials said Friday. The settlement ends a 7-year-old lawsuit filed by the state attorney general against Stanley Chais,… Read More

Members of Congress and veterans leaders on Monday called for federal action to absolve the debts of nearly 10,000 soldiers in California alone who have been ordered by the Pentagon to repay enlistment bonuses a decade after they signed up to serve in Iraq and Afghanistan. Lawmakers from California expressed… Read More

Stopping to pick up a stray penny off the ground may not seem worth the effort, yet one bank is trying to change that mindset by placing 100 fake pennies across the country worth $1,000 apiece. Ally Bank says it is hoping to encourage Americans to look for opportunities to… Read More

California’s attorney general is conducting a criminal investigation into whether employees at San Francisco-based Wells Fargo bank stole customers’ identities in the sales practices scandal that rocked the bank and cost its CEO his job, documents released Wednesday show. A search warrant and supporting affidavit released by the state Department… Read More

Millions of Social Security recipients and federal retirees will get only tiny increases in benefits next year, the fifth year in a row that older Americans will have to settle for historically low raises. There was no increase this year. Next year’s benefit hike will be small because inflation is… Read More

Samsung Electronics said Friday that discontinuing the Galaxy Note 7 smartphone, which is prone to overheat and catch fire, will cost it about $3 billion in the current and coming quarters, raising total costs from the recalls to at least $5.3 billion. The Note 7 discontinuation will cost in the… Read More

A diamond ring that’s the ultimate in bling is set to go under the hammer, with an estimated price of $15 million to $25 million. Sotheby’s auction house says the Cartier ring holds an 8.01 carat blue stone named the Sky Blue Diamond. It will be displayed in London on… Read More