Close Menu
Fund Focus News
    Facebook X (Twitter) Instagram
    Trending
    • What are AT1 bonds? Features, risks, and how they differ from regular bonds
    • Want to start SIP for mutual fund? Here’s a step-by-step guide for how to make the most of your investment
    • Comparing Bond ETFs: Vanguard’s BSV vs. iShares’ IGSB
    • Ignore Hormuz – 3 Energy ETFs That Can Rally No Matter What Happens
    • Spot, ETFs, or Futures: High-Potential Crypto Investment Option
    • ICICI Prudential Mutual Fund declares IDCW payout: What does the option mean? Check date, payout, eligibility & more
    • How to earn a tax-free second income from UK property without purchasing a buy-to-let
    • Best Mutual Funds to Invest in April 2026: Top 10 Expert Picks
    Facebook X (Twitter) Instagram
    Fund Focus News
    • Home
    • Bonds
    • ETFs
    • Funds
    • Investments
    • Mutual Funds
    • Property Investments
    • SIP
    Fund Focus News
    Home»Funds»Ex-Chula Vista councilmember gets probation for taking COVID, unemployment funds
    Funds

    Ex-Chula Vista councilmember gets probation for taking COVID, unemployment funds

    August 28, 2024


    Former Chula Vista City Councilwoman Andrea Cardenas, who pleaded guilty to fraudulently obtaining pandemic relief funds and unemployment benefits, was sentenced Wednesday to two years of probation and credit for time served for one day spent in custody.

    Cardenas, 32, and her brother, Jesus Cardenas, admitted to fraudulently obtaining a $176,227 Paycheck Protection Program loan in early 2021 intended for their political consulting firm, Grassroots Resources. The money was meant to support payroll for 34 employees who actually worked for a marijuana dispensary that was a Grassroots client.

    The pair then used the funds on personal expenses, including a $33,500 check to Andrea Cardenas’ City Council campaign account and $21,000 that Jesus Cardenas owed American Express, prosecutors said.

    Additional charges were added later for taking funds from the state Employment Development Department while both were employed.

    Both siblings will likely seek to have their felony convictions reduced to misdemeanors at some point, but that cannot happen until they pay full restitution. Cardenas was ordered Wednesday to pay over $176,000 to the Small Business Administration and over $28,000 to the Employment Development Department, which will be paid by both her and her brother.

    Another restitution amount to the Franchise Tax Board related to failing to file tax returns will be determined in the future. Her sentence also includes a requirement to complete 100 hours of volunteer work with any nonprofit.

    Cardenas’ sentencing came about five months after her brother was sentenced to two years probation and 180 days in custody, with the custodial time spent in the work furlough program and home detention. As part of their pleas, six other felony counts of conspiracy, money laundering and failing to file tax returns were dismissed.

    In a statement delivered in court, Andrea Cardenas said, “There’s no justification, no excuse for the mistakes I have made and the constituents that have placed their trust in me, I failed them. For this, I am very sorry. I can only say I’m human and I will always regret these actions.”

    Prosecutors sought a six-month jail term at Wednesday’s sentencing hearing, while defense attorney Pedro Bernal said that would be an inordinate sentence for this type of crime. He noted that Cardenas pleaded guilty early, has no prior criminal record, and both sides said Jesus Cardenas played a leading role in the offenses.

    “Losing your job, a significant fall from grace, and the end of a political career is punishment in itself,” Bernal argued.

    Deputy District Attorney Chandelle Boyce said that while Jesus Cardenas was “the dominant actor” in the case and wielded influence as her older brother and the head of Grassroots Resources, Cardenas was well aware of the implications of the fraud.

    The prosecutor said Cardenas submitted payroll documentation in order to support the PPP loan request and knew that some of the funds they received were used to pay off her campaign’s debt.

    Andrea Cardenas resigned from the City Council shortly before pleading guilty. About a year prior to the guilty pleas, Jesus Cardenas resigned his post as chief of staff to San Diego Councilman Stephen Whitburn as questions swirled over Grassroots’ PPP loan and whether Cardenas’ dual role with Grassroots and the city presented a conflict of interest.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Child trust funds: a windfall at 18 – but what should you do next? | Child trust funds

    April 10, 2026

    Funds to buy in turbulent times

    April 10, 2026

    Debt funds see ₹2.94 lakh crore outflows in March amid year-end liquidity shift

    April 10, 2026
    Leave A Reply Cancel Reply

    Top Posts

    The Shifting Landscape of Art Investment and the Rise of Accessibility: The London Art Exchange

    September 11, 2023

    What are AT1 bonds? Features, risks, and how they differ from regular bonds

    April 12, 2026

    Charlie Cobham: The Art Broker Extraordinaire Maximizing Returns for High Net Worth Clients

    February 12, 2024

    The Unyielding Resilience of the Art Market: A Historical and Contemporary Perspective

    November 19, 2023
    Don't Miss
    Bonds

    What are AT1 bonds? Features, risks, and how they differ from regular bonds

    April 12, 2026

    After the financial crisis of 2008, all banks were mandated to protect the capital against…

    Want to start SIP for mutual fund? Here’s a step-by-step guide for how to make the most of your investment

    April 12, 2026

    Comparing Bond ETFs: Vanguard’s BSV vs. iShares’ IGSB

    April 12, 2026

    Ignore Hormuz – 3 Energy ETFs That Can Rally No Matter What Happens

    April 12, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    EDITOR'S PICK

    Visit Vicksburg recognized for efforts to promote Classic ‘Sip Fest – The Vicksburg Post

    October 17, 2024

    From FANG+ To Nasdaq 100: Top International Mutual Funds That Are Giving Massive Returns | Savings and Investments News

    December 2, 2025

    Bitcoin ETFs Skyrocket With Epic $998 Million Inflows: Details

    October 28, 2024
    Our Picks

    What are AT1 bonds? Features, risks, and how they differ from regular bonds

    April 12, 2026

    Want to start SIP for mutual fund? Here’s a step-by-step guide for how to make the most of your investment

    April 12, 2026

    Comparing Bond ETFs: Vanguard’s BSV vs. iShares’ IGSB

    April 12, 2026
    Most Popular

    🔥Juve target Chukwuemeka, Inter raise funds, Elmas bid in play 🤑

    August 20, 2025

    💵 Libra responds after Flamengo takes legal action and ‘freezes’ funds

    September 26, 2025

    ₹10,000 monthly SIP in this mutual fund has grown to ₹1.52 crore in 22 years

    September 17, 2025
    © 2026 Fund Focus News
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.