The article reports on several significant news stories, including GVA Capital's $215 million fine for managing investments for sanctioned oligarch Suleiman Kerimov through proxies. A former Nvidia fraud prevention manager faces charges for submitting numerous fraudulent insurance claims. Additionally, California cannabis retail licenses, once valued highly, are now being given away due to market oversaturation. Other notable events include a taxi accident with no serious injuries and the launch of Sunday Streets in Tenderloin, promoting community engagement and activities.
San Francisco-based GVA Capital has been fined $215 million for managing investments on behalf of sanctioned Russian oligarch Suleiman Kerimov through shell companies and proxies.
A former Nvidia fraud prevention manager has been charged with submitting 167 fake insurance claims totaling over $100,000 to the company's health plan.
Once valued at up to $3 million, some California cannabis retail licenses are now being given away for free as market oversaturation renders them virtually worthless.
Sunday Streets launches its new season this Sunday in the Tenderloin, transforming Golden Gate Avenue into a car-free community celebration.
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