Montecito investor gets sentencing date as ex-wife seeks bankruptcy
David Prenatt, the Montecito real estate investor who took in $18 million from more than a dozen people and then used the cash to support what a bankruptcy trustee called “lavish spending habits,” is headed for a sentencing in federal criminal court on Dec. 9.
Prenatt struck a deal with federal prosecutors this summer and pleaded guilty to giving false loan application information to Lompoc-based CoastHills Federal Credit Union. Prenatt’s creditors forced him into an involuntary bankruptcy proceeding in 2009. Earlier this fall, his former wife Maria Prenatt filed for personal bankruptcy claiming $27.1 million in debts.
Minimum wage hike has ripple effect on exempt worker status
As fall settles and you break out the Halloween decorations, it’s time to think about the biggest fright of the season: Next year’s new employment laws.
Nordman Cormany opts for private liquidation
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Thomas Aquinas sues over birth-control mandate
Santa Paula-based Thomas Aquinas College has joined with several other Catholic educational institutions in a lawsuit against the federal government over a mandate that the school provide coverage for contraceptives under the Affordable Care Act. The lawsuit was filed in Washington D.C. The college’s co-plaintiffs are the Roman Catholic Archbishop of Washington, The Catholic University Read More →
Name dispute boils over: Julia Child foundation sues Williams-Sonoma
The late Julia Child’s charitable foundation is suing cookware retailer Williams-Sonoma over allegedly misappropriating the cooking legend’s name to drive traffic to its stores. Child, whose television shows and books inspired millions to try their hand at crafting French cuisine at home, founded the Montecito-based Julia Child Foundation for Gastronomy and the Culinary Arts in Read More →
