Major-league debt and mortgages: Inside the California Senate candidates’ finances

Former baseball player Steve Garvey, left, owes as much as $750,000 to the Internal Revenue Service. In an August financial disclosure, Schiff reported earning between $43,310 and $134,000 in additional income last year through capital gains and stock dividends — some shared with his wife, Eve — and royalties from his 2021 book, “Midnight In Washington.” Schiff’s investment portfolio is worth $1 million to $2.37 million, and includes mutual funds, exchange-traded funds and shares in Apple held by his wife. Garvey said a decade ago that the couple purchased the house from his mother-in-law when she planned to downsize, telling an interviewer that the house “was really home to all the grandchildren and a place that we thought was special, so we bought it from her.” Riverside County property records show that the home’s deed was held by Garvey’s mother-in-law before being transferred in 2006 to Sisters in Christ LLC. Spokesman for a company with ‘Ponzi scheme’ ties As California’s housing market boomed in the mid-2000s, Garvey took a job as a celebrity spokesman for an Orange County mortgage broker. The Securities and Exchange Commission never accused Garvey of wrongdoing, but said that Favata had used his fame to give the scam “an aura of legitimacy.” Before Favata’s sentencing, Garvey wrote to U.S. District Judge Andrew Guilford to ask for mercy.