Himself. What is behind this . I think weve done a lot of thinking over the last couple years at dfs where i work. One thing we realized is, we have had a series of corporate actions and big corporate penalties paid, case after case after case yet the bad conduct seems to continue. We hear scandal after scandal after scandal. If it is not Money Laundering it is tax evasion. If it is not tax evasion, it is libor manipulation. Melissa those are very serious crimes. A lot of people think what youre talking about after the financial crisis we hear again and again from folks saying we had whole financial crisis no one is in jail. No one from the big banks went to jail. Do you extend it that far. I dont think in terms of jail. Were a regulator and Civil Enforcement authority. We dont put people in jail. We dont have indictment authority. I think about it in terms of responsibility. I think about it as the reputational problem wall street has. When we focus so much on punishing the entity, th
The courts expected to announce that decision shortly. The jury of four men, four women, began deliberating tuesday after a month long trial. Apple accused samsung of infringing on five of its Software Patents seeking more than 2 billion in damages. Samsung then countersued apple for copying its patents. Well bring that you verdict just as soon as its announced. New at 5 00, brothels masquerading as massage parlors busts involving several bay area counties. Kpix 5s ken bastida is in the newsroom with the details. Ken. Reporter yeah, hi, elizabeth. In a high level operation, 400 Law Enforcement officers executed dozens of search warrants today bringing down 13 massage parlor and spas allegedly fronts for laundry list of crimes including human trafficking, sex exploitation and labor trafficking. Was a widespread operation covering several counties. The District Attorney of Alameda County says it was the community who stepped forward to help kick off this investigation. The Community Came
Contra costa county. She vowed to fight waste and fraud as the controller. But the District Attorney is calling her a fraud, saying she lied about where she lives. Knox claims she lives at 1345 clark street in san leandro, so we paid her a visit. Reporter i want to see if katy knox is here. Does she live here . She is not here and i have no comment. Reporter turns out this is a business that she owns. The rose gate assisted living facility. Neighbors say she doesnt live her. I dont see her here except to run a business, i might see her here once every two or three weeks. Reporter investigators believe knox lived at this danville home. Neighbors say she lived here several years. She had a couple different parties. I know her children are always present. So yes, as far as i know, she definitely lives in the house across the street. Reporter her neighbors say they had no idea she is running for office in all me da county. It is a shocker it is her. The District Attorney on thursday charge
Drive time between the carquinez bridge and maze. When you get to the toll plaza, you will see traffic is light at the toll plaza with no major delays coming through. There is a little delay on the left hand side for some of those viewers. 580 westbound is busy as you drive across the Altamont Pass but not stop and go yet. It is 4 30, lets go back to the desk. We begin with breaking news. Crews are battling a fast moving fire in oakland. It started a short time ago on mel rose avenue. The fire still burning right now. Ktvu channel 2 reporter Christien Kafton is talking to witnesses at the fire scene. Reporter people still showing up. Lets give you a live look right away so you can see the firefighters have just started spraying water on this building. Now from what we understand, from what witnesses tell us, the fire started in that upper unit where you see that steam and smoke coming out of right now. We talked with people who live in the lower unit. If we pan over to the right, you c
Progress. We are getting word there is a downed power line in the area. Christien kafton is at the scene checking it out. He will give us a live report in a few minutes. It is wednesday, july 30th im Claudine Wong in for pam cook. Good to see you. Good to see you too. The day is starting really busy. Im dave clark. Lets talk about weather and traffic. Steve, you let claudine come back . Any time. We have a lot of cloud cover over us. The low clouds are not going anywhere. A few showers up in Mendocino County and a few tropical clouds toward central california. Some of these may lift toward us. There are a couple of lightning strikes earlier. It looks like those have fizzled out. A thunderstorm in fresno. That does not happen this time of morning. It stretches all the way up to mammoth. There is a little westerly breeze at concord. Northwest napa and northwest oakland. It lookalikes it will stay it likes like it will stay mainly south of us. Without the cloud cover temperatures 90s to 1