Sacramento, California - The California State Board of Education has approved final spending regulations for the Local Control Funding Formula (LCFF) and a revised template for Local Control and Accountability Plans (LCAP), strengthening parent and community involvement in budget decisions and expanding local accountability measures to improve student achievement.

San Jose, California - A federal grand jury in San Jose returned a 29 count indictment charging a Los Altos investment manager with securities and mail fraud, relating to a multi-million dollar investment scheme, announced United States Attorney Melinda Haag, FBI Special Agent in Charge David J. Johnson, and Special Agent in Charge Kari Overson, Small Business Administration’s Office of Inspector General.

Sacramento, California - Deepal Wannakuwatte, 63, of Sacramento, California, was sentenced today to 20 years in prison for a long-running fraud scheme, announced United States Attorney Benjamin B. Wagner, Special Agent in Charge Monica M. Miller of the FBI’s Sacramento Field Office, Acting Special Agent in Charge Thomas McMahon for the IRS-Criminal Investigation, and Special Agent in Charge Wade V. Walters of the Federal Deposit Insurance Corporation Office of Inspector General.

Santa Ana, California - The founder and chief executive officer of a firm that solicited more than $5 million from victims who thought they were investing in “reverse life insurance” policies has been found guilty of federal fraud charges.

Sacramento, California - Devon Gregory Biggs, 38, formerly of Reno, Nevada, pleaded guilty today to theft of government property, United States Attorney Benjamin B. Wagner announced.

San Francisco, California - Three alleged members of the 19th Street Sureños street gang were arraigned in federal court Thursday on murder, racketeering and firearms charges following a probe by U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations and the San Francisco Police Department into a gang-related killing that occurred in July.