3-1-12 Rancho Santa Fe Review

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SECTION B

ECRWSS

Volume 31 Number 24

$500 gifts to fairgrounds employees put on hold

Providing The Ranch with Three Decades of Quality Journalism

RSF Education Foundation thanks donors

State officials say the fairgrounds’ awards program may violate rules BY JOE TASH The president of the Del Mar fairgrounds board has instructed fairgrounds staff to postpone an awards program under which workers would receive $500 gift cards as a reward for the fairgrounds’ financial performance in 2011, after state officials said the program may violate personnel regulations. The 2011 Superior Accomplishment Awards Program was approved unanimously by the fair board at its Feb. 15 meeting. The program dates back to 1998, when the fairgrounds began giving workers annual awards of up to $500 apiece. The state-owned fairgrounds are operated by the 22nd District Agricultural Association, whose ninemember board of directors is appointed by the governor. The 22nd DAA — and other similar districts around the state — fall under the jurisdiction of the California Department of Food and Agriculture (CDFA), and its Division of Fairs and Expositions. Fairgrounds CEO and general manager Tim FenSee FAIRGROUNDS, page 13

March 1, 2012

Lawsuit: Family lost millions in Ponzi scheme Alleged victim, a local man, says defendant was a ‘close friend’

Pamela Dirkes, Helle Brandrup, Leslie DeGoler and Jennifer Davis, above, and Tony Shahri and Charles Mauro, right, don festive gear Feb. 25 for the Rancho Santa Fe Education Foundation’s Mardi Grasthemed bash recognizing Scholars’ Circle-level donors. The event was held at Laura Barry’s RSF home. See page 12. PHOTOS: JON CLARK

PRESORTED STANDARD U.S. POSTAGE PAID RSF, CA PERMIT 1980

BY JOE TASH A retired Rancho Santa Fe couple and their relatives are suing a Florida man, alleging in court documents that he defrauded them of millions of dollars in a “massive Ponzi scheme.” The lawsuit was filed in Broward County, Fla., last fall by Peter and Marlene Imbesi of Rancho Santa Fe; their son, Michael Imbesi, of La Jolla; their daughter, Giovanna Imbesi, of Venice, Ca.; and Giovanna’s boyfriend, David Thall. Accused of running the alleged Ponzi scheme are

George Elia, 68, and his wife, Darlene Elia, 51, through Elia’s company, International Consultants and Investment Group, Ltd. Corp. Also named in the lawsuit is Elia’s attorney, Frederick Braun. A Ponzi scheme, according to the court documents, is a fraud in which funds invested by later investors are used to pay artificially high returns to original investors, thus attracting more people to invest their money. Michael Imbesi said in an interview that he met Elia in 2005 through a mutual friend, and decided to invest with him after Elia promised returns of 4 to 7 percent per quarter. Over the next several years, ImbeSee PONZI, page 13

Classic Car Club of America to roll into RSF for spring event BY KAREN BILLING The San Diego/Palm Springs region of the Classic Car Club of America is bringing its Springtime Grand Classic to Rancho Santa Fe on Saturday, April 21. The historic Inn at Rancho Santa Fe, a classic in itself, will serve as the venue for some 50 classic cars parked on the lawn for an event free to the public. Vicki Zeiger, director for the regional group and a Rancho Santa Fe resident, is coordinating

the event that was last held at The Inn in 2006. “All the gorgeous cars will be on the lawn for people to take photos and talk to the owners about their history. Owners love to talk about their cars,” Zeiger said. “It’s a really fun event,” The Classic Car Club of America was established 60 years ago to preserve and promote cars that were built in what they call the classic era, 1925 to 1948. Back in those years car de-

signers became famous for their body styles and the cars were named after them — names like Franklins, Packards and Darrins. “They were beautiful, beautiful high-end cars,” said Zeiger, looking at a picture of a restored, cream-colored convertible Auburn car with red interiors and white wall tires. “Can’t you just see an old movie star sitting in that car?” Generally, there were very See CLASSIC, page 18

1941 Cadillac Sedan Convertible


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