As part of his guilty plea in the federal case, Rancho Santa Fe resident Todd Macaluso admitted that he forged his clients' signatures and used forged notary stamps and signatures to convince potential investors to advance him millions of dollars.
Macaluso, 52, is scheduled to be sentenced July 13. He will be ordered to pay restitution to all of his victims, according to the U.S. Attorney's Office.
"Individuals who have suffered a personal injury should not have to worry about being victimized by their own advocate," said U.S. Attorney Laura Duffy. "The defendant's conviction should be a stark reminder that attorneys and other fiduciaries will be prosecuted if they fraudulently misuse the privileges society has given them."
According to court records, Macaluso funded his personal injury law practice by entering into "funding agreements" with various investors. Under those agreements, investors advanced Macaluso money in exchange for the right to collect a portion of his clients' recoveries in the future.
Although clients had to consent to the collateralization of their lawsuits in order for the transfers to be valid, Macaluso concealed those arrangements from many of his clients and forged their signatures on the financing documents, according to prosecutors.
To conceal his scheme, Macaluso also forged the signatures and stamps of notary publics who purportedly witnessed the executions of legal documents, but who, like his clients, had no knowledge of the arrangements.
Pechanga Resort & Casino are doing their part in giving back to the local community. The Resort & Casino have programs ranging from empowering women to helping the less fortunate.
March's full moon will be the third supermoon in as many months, but don't take this moon for granted. It's also the last supermoon of 2019.
Police are investigating a home invasion where two men broke into an elderly woman's Valencia Park home and tied her up.
San Diego Unified School Board District B Trustee Kevin Beiser on Tuesday night denied allegations he sexually abused a local political consultant from 2013 to 2018 that prompted two local political groups to call for him to resign.
A week after former KFMB owner Elisabeth Kimmel was charged with felony charges stemming from alleged bribes paid to get her son and daughter into top-ranked universities in the country, the Kimmel’s family foundation is now under investigation by the Illinois attorney general.
A storm system moving in from the northwest could drop light rain in San Diego County Wednesday and will bring a chance of thunderstorms, according to the National Weather Service.
An area of low pressure and associated cold front will bring us rain by Wednesday morning, resulting in mostly light and moderate rain. Additionally, there is a slight chance for thunderstorms with the passage of the front on Wednesday afternoon through the early evening hours.
A couple walking their dog in Oceanside Tuesday came across a shotgun and a .357 revolver lying in the road, according to police.
A 63-year-old man who suffers from undisclosed medical conditions and may become disoriented if contacted went missing Tuesday.