Source: New York Post
A Democrat running for California’s Board of Equalization — the agency responsible for overseeing billions of dollars in the state’s property tax system — has made financial competency the center of her campaign despite having a history of lawsuits and fines for allegedly mishandling money. Court documents reveal Yvonne Yiu has been the subject of multiple lawsuits, including failure to payback nearly $2 million in a construction loan and allegedly defrauding a Chinese citizen attempting to obtain permanent US residency out of $500,000. The Banc of California sued Yiu — one of three personal guarantors — last year, after she “failed and refused” to pay more than $1.
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