A Los Osos businessman was sentenced to nine years in state prison Thursday for defrauding investors of more than $2 million.
Leonard Delk, 82, pleaded no contest to charges of grand theft by embezzlement and unlawful sales of securities in October.
Delk defrauded 23 people, including many local victims, as part of an illegal investment operation, according to prosecutors.
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He sold securities in a Ponzi scheme, paying off earlier investors with money from new investors. Delk faced a maximum prison sentence of 19 years and four months.
His attorney, James Royer, previously said that his client was trying to make money for the investors but got in over his head when the stock market declined.
The 1,476 days that Delk has served in jail since his arrest will be credited toward his sentence, plus time credited for good conduct. Delk was sentenced in Judge Barry LaBarbera’s courtroom.
— Nick Wilson
The Morro Bay City Council did not act on a request by Mayor Bill Yates to replace the city’s entire Planning Commission.
Yates requested the replacement because of what he considered misbehavior on the part of the commission, which included being rude to staff and overstepping its authority.
However, after a discussion, Yates withdrew the motion at Tuesday’s council meeting and no vote was taken, Rob Schultz, city attorney said.
Two of the commissioners — Michael Lucas and Gerald Luhr — have terms that are expiring, and they can reapply for the seats.
Another two — Jamie Irons and John Diodati — still have two years left on their terms. The fifth member of the commission, Nancy Johnson, must be replaced because she is now on the council.
Councilman Noah Smukler said the commission had gone deeper into some projects than some on the council liked, but its members are a diverse and hardworking group.
— David Sneed
A field representative for Rep. Kevin McCarthy, R-Bakersfield, will hold office hours in San Miguel, Paso Robles and Arroyo Grande this month.
The times are:
10 to 11 a.m. Tuesday. Paso Robles Chamber of Commerce office, 1225 Park St., Paso Robles.
10 to 11 a.m. Wednesday. South County Regional Center, 800 W. Branch St., Arroyo Grande.
10 to 11 a.m. Jan. 21. San Miguel Community Services District, 1150 Mission St., San Miguel.
For details, call Mike Whiteford at 461-1034 or visit www.kevinmccarthy.house.gov.
— Julia Hickey