Auto repair shop
owner charged with fraud
The owner and general manager of a Redwood City auto repair shop Group Specialist kept dead mice and droppings on hand, using both as props to convince customers they needed $1.2 million in fraudulent repairs, according to prosecutors who charged the pair with dozens of felonies the week of June 28, 2008.
The fraud was uncovered by a State Farm Insurance audit to determine the statewide average cost of rodent damage, said prosecutor Sharon Henry of Insurance and Worker’s Compensation Fraud Unit.
Track plan faces delay
The week of June 28, 2008, it was announced that the demolition of Bay Meadows race track in San Mateo could be delayed to allow a San Mateo County Superior Court Judge a chance to hear arguments in a new lawsuit filed by a group trying to save the landmark location from its pending redevelopment.
Bay Meadows representatives had stated they planned to close the race track and start demolition on Sept. 1, 2008, after the San Mateo County Fair races concluded. An Oct. 10, 2008 court hearing on the lawsuit was scheduled that week during a mandatory case management hearing, according to court records.
Groundbreaking for first stage of Oyster Point ferry terminal
A groundbreaking ceremony for the first physical activity in the commuter ferry terminal being built at Oyster Point in South San Francisco was set to take place in July 2008, a San Mateo County Harbor District spokesman said the week of June 28, 2008.
On July 9, 2008, crews were set to begin construction to modify the entrance to the marina breakwater at Oyster Point. The construction was set to widen and reconfigure the entrance so ferryboats will have better, safer access to the terminal, district spokesman Peter Grenell said.
Oil near $143 on view
dollar will keep falling
Oil futures climbed to a new record near $143 a barrel the week of June 28, 2008 as the dollar weakened against the euro, confirming expectations that the falling greenback, a major factor in crude’s stratospheric rise, would extend its decline and add to oil’s appeal.
Light, sweet crude for August 2008 delivery rose as high as $142.99 a barrel on the New York Mercantile Exchange before pulling back sharply in a spate of late-day profit-taking to settle up 57 cents at a record $140.21. On Thursday of that week, the contract shot past $140 and rose more than $5 to a new settlement record.