After the Fact

Six years after his long-time accountant was sent to prison for fraud, one client looks for answers

Bill Murray (not that one) was at the top of his game, so to speak, until an epic fall from grace. In December 2009, the 54-year-old tax accountant was charged with defrauding more than 50 clients of his Sacramento firm, Murray & Young Accountancy, out of more than $13.3 million. He subsequently pleaded guilty and was sentenced to 19.5 years in federal prison. The saga played out like a reality TV crime drama, from beginning to end.

Jul 26, 2016 Stuart Greenbaum
Donna Bland, CEO, Golden 1 Credit Union.

Women’s Work

Four local leaders discuss their journeys to the top of male-dominated industries

Effective leaders don’t come from one mold. The women featured below have excelled in nontraditional industries due to their talent, vision, perseverance and the (sometimes unlikely) mentors who guided their trajectory. They shared their stories with us — where they started, their rise to leadership and their thoughts on mentoring the next generation of powerful women.

May 17, 2016 Laurie Lauletta-Boshart

New Spenders

As millenials climb into their highest spending years, financial institutions must go digital to catch their coveted dollars

Ann Thompson, a regional sales executive for Bank of America, knows that the surest route into the hearts and minds of millennials is through their hands — not hand-holding, but talking to them through technology. “They want to be self-served and want things convenient,” Thompson says. “So, we have to reach them through that thing they hold in their hands, a smartphone.”

Mar 29, 2016 Bill Sessa
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The Exodus from Big Banks

Millennials trend toward community banks and credit unions

Much has been made of late about millennials leaving the big banks in favor of smaller community banks or credit unions. According to the Accenture 2015 North American Consumer Digital Banking Survey, community banks saw a 5-percent uptick in millennial customers in 2014. Credit unions saw a 3-percent increase. The big guys, meanwhile, lost a whopping 16 percent of their millennial account holders.

Mar 9, 2016 Rich Ehisen
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Flipping Gift Cards

Through cloud-based software, GiftCardBin turns consumers’ trash to treasure

When it comes to gift-giving, you can’t go wrong with a gift card, right? Well, not exactly. Research shows that more than $1 billion in gift cards go unredeemed. Based in West Sacramento, GiftCardBin has been banking on that stat since 2008, buying and selling gift cards that might otherwise go to waste. (Like the $25 Starbucks card you probably have in your wallet right now.)

Feb 24, 2016 Russell Nichols
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California Debt Foe Campaigns to Block Billion-Dollar Bond Deals

Dino Cortopassi, who lives near Stockton, watched as the California city loaded up on debt for amenities like a waterfront ballpark, only to slash services after the community went bankrupt. So he’s spending $4 million in an effort to give the state’s voters more power to curb bond sales.

Dec 4, 2015 Romy Varghese