CALIFORNIA | LOCAL
August 15, 2013 |
SACRAMENTO - Nearly a decade after California voters approved a multibillion-dollar tax increase to improve mental health services, the state has failed to provide proper oversight of county programs funded by the measure, a state audit concluded Thursday. State Auditor Elaine Howle looked at the last six years, during which almost $7.4 billion from the Mental Health Services Act was directed to counties for mental health programs. The state Department of Mental Health and a state accountability commission "have provided little oversight of counties' implementation of MHSA programs," particularly regarding their effectiveness, Howle wrote to Gov. Jerry Brown and the Legislature.
CALIFORNIA | LOCAL
August 8, 2013 |
SACRAMENTO -- The California secretary of state's office and counties have wasted millions of dollars in federal funds on failed or ineffective voting systems, the state auditor found in a report released Thursday. Auditor Elaine Howle said counties have spent $22 million in federal Help America Vote Act (HAVA) funds “replacing voting systems with new systems that counties and voters cannot fully use.” The auditor noted that $4.4 million was spent on a new statewide computerized voter registration database, known as VoteCal.
CALIFORNIA | LOCAL
June 18, 2013 |
The state is missing an opportunity to take action against many stores that sell cigarettes to minors, according to a state audit released Tuesday. Auditor Elaine Howle said a program run by the California Department of Public Health used a third party to do an annual retailer assessment that found 160 clerks sold tobacco to minors during the last three years. “However, because the purpose of the annual retailer assessment does not include taking enforcement action against the violating retailers, Public Health's Tobacco Control Branch does not notify these retailers or take action against those who sold tobacco to minors,” Howle wrote in a letter to Gov. Jerry Brown.
June 17, 2013 |
The arraignment for Scott London, the former KPMG auditor accused of participating in an insider trading scheme that netted over $1 million, was postponed Monday to an unknown date. It was pushed back because federal prosecutors expect to move the matter before a different judge -- U.S. District Court Judge George H. Wu, who is overseeing the case for Bryan Shaw, the other defendant involved in the alleged crime. The U.S. Department of Justice charged London with one count of conspiracy to commit securities fraud through insider trading.
May 22, 2013 |
Seven weeks after its auditor resigned in an insider trading scandal, Herbalife Ltd. retained major accounting firm PricewaterhouseCoopers as its new auditor. The Los Angeles nutritional products company said Tuesday that PricewaterhouseCoopers would begin "immediately" to re-audit its financial statements for 2010, 2011 and 2012. Former auditor KPMG withdrew its audits of those statements after it learned of the insider-trading allegations. Herbalife shares jumped on the news, gaining $1.33, or 2.7%, to $50.54.
May 21, 2013 |
A San Fernando Valley jeweler at the center of an insider-trading scandal pleaded guilty to a conspiracy charge and agreed to turn over $1.27 million in ill-gotten stock gains made from tips from a top auditor at accounting giant KPMG. Bryan Shaw, 52, of Lake Sherwood admitted Monday to conspiring with KPMG auditor Scott London to trade in the stocks of the accounting firm's clients. The pair, who became friends after meeting on a golf course, plotted to profit from the market in what federal prosecutors described as a "severe breach of trust.