Sec 1 - Almanac News
Sec 1 - Almanac News
Sec 1 - Almanac News
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PV man indicted<br />
on fraud charges<br />
A Portola Valley man has been<br />
indicted on charges of bank fraud<br />
and money laundering in connection<br />
with a car business he helped<br />
to manage, federal prosecutors<br />
announced Oct. 20.<br />
U.S. Attorney Kevin Ryan said<br />
Dennis Di Ricco, 56, the former<br />
chief financial officer of Fleetcars.<br />
com Inc., was indicted by a federal<br />
grand jury on July 20 on five<br />
counts of bank fraud and four<br />
counts of money laundering.<br />
The indictment was issued under<br />
seal and was unsealed on Oct. 17.<br />
Fleetcars bought large fleets of<br />
used cars from rental car companies<br />
and sold the cars in smaller lots<br />
to retail car dealers, Mr. Ryan said.<br />
Mr. Di Ricco is accused of defrauding<br />
Wells Fargo Bank by submitting<br />
false loan applications in 2001.<br />
The indictment alleges that<br />
Mr. Di Ricco told the bank that<br />
arrangements had been put in<br />
place to sell certain cars that were<br />
being used to secure the loan. In<br />
fact, those car sales had already<br />
been used to secure earlier loans,<br />
according to the indictment.<br />
Mr. Di Ricco is also accused of<br />
hiding car sales from Wells Fargo<br />
14 ■ The <strong>Almanac</strong> ■ October 25, 2006<br />
■ NEWS BRIEFS<br />
by depositing proceeds from sales<br />
financed by Wells Fargo into an<br />
account at a different bank.<br />
Mr. Ryan said Mr. Di Ricco’s<br />
next court appearance will be<br />
before U.S. District Judge William<br />
Alsup on Nov. 7 to set a trial date.<br />
—Bay City <strong>News</strong> Service<br />
Police arrest suspect<br />
on weapons charges<br />
Menlo Park police pursued and<br />
arrested an East Palo Alto man<br />
Oct. 21 following an incident<br />
that began with gunshots from a<br />
vehicle near Terminal Avenue.<br />
Cristian Amaya, 23, was arrested<br />
on multiple weapons charges<br />
and resisting arrest.<br />
At about 1:45 a.m., police<br />
were advised that gunshots were<br />
being fired from a black SUV<br />
near the 300 block of Terminal<br />
Avenue.<br />
Police units located the vehicle<br />
— a black LI 2000 Lincoln Navigator<br />
— and pursued it through<br />
the Belle Haven neighborhood.<br />
Mr. Amaya and another sus-<br />
N E W S<br />
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Candidates admit errors at forum<br />
Uncharacteristic of a Menlo<br />
Park City Council race that has<br />
two camps criticizing one another,<br />
both sides acknowledged, during<br />
an Oct. 17 candidates forum, they<br />
have made mistakes.<br />
About 25 people gathered for the<br />
forum, which was hosted by parents<br />
with children in the Burgess<br />
child care programs.<br />
Candidate Heyward Robinson,<br />
who is running with Vincent<br />
Bressler and Richard Cline in opposition<br />
to the current council majority,<br />
acknowledged that a campaign<br />
flier funded by a political action<br />
committee in favor of the three<br />
opponents is misleading.<br />
He was responding to Nick Naclerio,<br />
the campaign manager for the<br />
“majority camp” (incumbents Ms.<br />
Duboc and Ms. Winkler and newcomer<br />
John Boyle), who asked Mr.<br />
Robinson to justify the flier.<br />
The flier says that sales tax rev-<br />
pect abandoned the vehicle while<br />
it was still rolling, and ran<br />
from the officers, said Sgt. Eric<br />
Cowans of the Menlo Park<br />
Police Department. The vehicle<br />
continued to roll and struck an<br />
apartment building, but no one<br />
was injured, he said.<br />
Police found a loaded handgun<br />
■ MENLO ELECTION<br />
Post opinions, comments in Town<br />
Square: www.<strong>Almanac</strong><strong>News</strong>.com<br />
enues have dropped 50 percent<br />
since Councilwomen Mickie Winkler<br />
and Lee Duboc were elected to<br />
the council in 2002, although the<br />
bulk of the revenue decrease took<br />
place from 2000 to 2002 — before<br />
the incumbents took office.<br />
The credibility of one of the<br />
majority camp’s arguments was<br />
also questioned.<br />
Resident Jeff Young asked the<br />
candidates to list examples of<br />
sports fields built atop Bay Area<br />
capped landfills, similar to the<br />
conceptual designs to build fields<br />
at the 160-acre Bayfront Park.<br />
The candidates’ Web site says<br />
there are “several parks on landfills<br />
in the Bay Area,” to justify exploring<br />
building fields at Bayfront<br />
inside the vehicle. The East Palo<br />
Alto Police Department assisted<br />
in the search.<br />
USGS talk on<br />
Parkfield earthquake<br />
Geophysicist Andy Michael will<br />
talk about the lessons learned from<br />
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Park, which sits atop a closed<br />
landfill, but they could not answer<br />
Mr. Young’s question.<br />
Ms. Duboc said the information<br />
on the Web site pertaining to fields<br />
built atop Bay Area landfills would<br />
be changed.<br />
Measure J<br />
Five-minute presentations for<br />
and against Measure J, the advisory<br />
ballot measure that asks Menlo<br />
Park voters if the city should<br />
pursue building fields on no more<br />
than 17 acres of the 160-acre Bayfront<br />
Park, can be viewed online.<br />
To view the presentations, go to<br />
SmartVoter.org/ca/sm, click on<br />
“Local Measures,” select “Measure<br />
J,” and click on “Watch a 5<br />
minute presentation from each<br />
side of Measure J.”<br />
Quicktime Player and a highspeed<br />
Internet connection are<br />
required to view the videos.<br />
the 2004 earthquake in Parkfield,<br />
California, at the U.S. Geological<br />
Survey free monthly lecture on<br />
Thursday, Oct. 26, at 7 p.m. in<br />
Building 3 on the campus at 345<br />
Middlefield Road, in Menlo Park.<br />
For more information, call<br />
329-5000; or go to online.<br />
wr.usgs.gov/calendar.<br />
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©2006 Nestlé Waters North America Inc. NWNA4364