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California City

The Reckoning

California City

LAist Studios

News

4.51.2K Ratings

🗓️ 24 August 2020

⏱️ 39 minutes

🧾️ Download transcript

Summary

Silver Saddle gets shut down and accused of fraud. Will the company - and the dream Ben Perez believed - survive?

California City is a limited series with 8 episodes. Show support by subscribing wherever you get your podcasts.

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Transcript

Click on a timestamp to play from that location

0:00.0

Support for LAST comes from Pasadena Playhouse presenting Eureka Day.

0:04.6

Jonathan Spector's Razor Sharp 2025 Tony Award winning satire.

0:09.1

Eureka Day is on stage at Pasadena Playhouse beginning September 10th.

0:13.2

Tickets are on sale now at Pasadena Playhouse.org.

0:17.0

Live stream, supported by South Coast Repertory, presenting million-dollar quartet.

0:21.6

Step back to 1956 when Elvis Presley, Johnny Cash, Jerry Lee Lewis, and Carl Perkins

0:26.7

made music history with one of the greatest rock and roll jam sessions in this musical

0:30.9

with over 20 hits. September 13th through October 19th, tickets at SCR.org.

0:40.3

Previously on California City.

0:43.3

Oh, wait a minute. I am in business. I don't want to see anything about suicidal, okay?

0:47.9

What do I want to say? In Kern County, you know, this is not really a secret.

0:53.7

But the thing is, is what they're doing is, as far as we know, is not illegal.

1:07.2

At 10 a.m. on Wednesday, September 25th, 2019, 11 people gathered in the parking lot of an industrial office park next to the airport runway in Burbank, California. There were four employees of a company called Regulatory Resolutions, all wearing suits. Three California Highway Patrol officers in beige uniforms with guns on their hips.

1:31.0

Two investigators for the California Department of Business Oversight. One locksmith and one

1:37.4

computer forensic specialist named Joe. They opened the door to a long hallway and all 11 of them walked up a flight of carpeted

1:46.2

stairs.

1:47.5

They stopped right outside a cheap-looking wooden door.

1:50.7

There were two pieces of paper taped to it.

1:53.5

One had a Microsoft Word clip art smiley face, giving a disembodied thumbs up.

1:58.5

It read, Ah, you made it. See, that wasn't so bad now, was it?

2:03.6

The other sign said, welcome to Silver Saddle. It was the company's headquarters.

2:10.6

Meanwhile, managers at three different banks received an email from regulatory resolutions,

...

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