SFV FINANCE

Westlake Village Startup Makes Pepperdine’s List of Most Fundable Companies

Westlake Village’s Giftz was among the 15 most fundable companies, as ranked by the Graziadio Business School at Pepperdine University in Malibu.

Woodbridge’s Shapiro Sentenced for $1.3 Billion Ponzi Scheme

Robert Shapiro of Sherman Oaks was sentenced Tuesday to 25 years in prison after pleading guilty to conspiracy and tax evasion charges related to his orchestration of a $1.3 billion investment fraud scheme.

Credit Unions Call Off Merger

Pasadena’s LA Financial Federal Credit Union and Ventura County Credit Union called off a proposed merger following “many discussions and much due diligence.”

Preview: Burned Once But Not Again

Insurance carriers hike premiums, nix renewals after wildfires.

Preview: End of Indie Contractors Means Employer Woes

New rule impacts sectors from music to ridesharing.

Report: U.S. Latino Population has Eighth Largest GDP

A report from the nonprofit Latino Donor Collaborative found that the total gross domestic product of Latinos in the U.S. in 2017 was $2.3 trillion.

Former Manager of CBS Credit Union Sentenced

Edward Rostohar, 62, of Studio City, has been sentenced to 14 years and one month in federal prison for his involvement in a 20-year embezzlement in which investigators said he stole an estimated $25 million from the now-defunct CBS Employees Federal Credit Union, the Los Angeles Times reported today.

Preview: Fast-Track Incubator

Cal Lutheran's Hub101 produces parade of viable companies.

Ventura County Credit Union in Merger

Ventura County Credit Union plans to merge with Pasadena-based L.A. Financial Credit Union, creating an institution with $1.3 billion in assets and serving 120,000 members.

Valley Companies Caught in Stock Market Plunge

The stock market had its worst day of the year on Wednesday after the bond market gave warning signs of a potential recession.

Layoffs at Entertainment Partners in Burbank

Entertainment Partners, a payroll and software company for the entertainment industry, plans to permanently lay off 82 employees by the end of September.

Calabasas’ Topa Insurance Group Acquired

Investment firm Altamont Capital Partners has agreed to acquire Topa Insurance Group, a Calabasas-based subsidiary of Topa Equities in Los Angeles.

Preview: Co-Working's Surge

More flex offices to open in the Valley, despite talk of saturation.

Gaspar Insurance Acquires Elden

Gaspar Insurance Services announced Thursday it has acquired Elden Insurance for an undisclosed amount.

NetSol Signs First U.K. Customer for Ascent Platform

NetSol Technologies Inc. has signed a contract valued at about $4 million with an independent used vehicle finance company in the United Kingdom to use its software.