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UPDATE: Spanky Macher sentenced to 30 months in prison
Roanoke businessman Roland "Spanky" Macher was sentenced to 30 months in prison this morning but will get credit for time served. His attorney believes Macher will end up serving about two years in a federal prison. When Macher gets out of prison, he...Tags: Crimes, Fraud, Justice System, Trials, Lawyers
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UPDATED: Spanky Macher pleads guilty to federal charges
Roland "Spanky" Macher pleaded guilty Monday to federal fraud and tax evasion charges. Macher faces up to 30 years in prison when he's sentenced in June.
According to the United States Attorney's office, Macher pleaded guilty to one count of tax...Tags: Financially Distressed Companies, Court Preliminary, Crimes, Fraud, Trials
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Spanky Macher charged with fraud
An embattled Roanoke businessman is now in even more trouble with the law.
Roland "Spanky" Macher was charged with food stamp fraud in a federal indictment on Thursday.
The indictment says the former restauranteur falsified applications to obtain more...Tags: Financially Distressed Companies, Crimes, Fraud, Justice System, Lawyers
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L.A. City Council OKs Villaraigosa's final, $7.7-billion budget
The Los Angeles City Council on Thursday signed off on Mayor Antonio Villaraigosa's final $7.7-billion budget, setting the stage, as several members acknowledged, for many city workers to get a 5.5% raise in eight months. Council members did not vote to...
Tags: Wendy Greuel, Government, Budgets and Budgeting, Elections, Economy, Business and Finance
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Christian Brothers settle suit with 400 sex abuse victims
The Roman Catholic religious order that runs Brother Rice High School in Chicago and St. Laurence High School in Burbank didn't want Brother Edward Chrysostom Courtney in Chicago any longer. So in the early 1970s, the Irish Christian Brothers shipped...Tags: Abusive Behavior, Financially Distressed Companies, Christianity, Trials, Justice System
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Catholic order to pay $16.5 mln to more than 400 claiming sex abuse
ReutersNEW YORK, May 23 (Reuters) - An order of the Roman Catholic Church has agreed to pay $16.5 million to more than 400 adults who said they were sexually abused as children by religious leaders, the parties announced on Thursday in separate statements....Tags: Abusive Behavior, Roman Catholicism, Christianity, Roman Catholic Sex Abuse Scandal, Religion and Belief
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Catholic order to pay $16.5 million to more than 400 claiming sex abuse
ReutersNEW YORK (Reuters) - An order of the Roman Catholic Church has agreed to pay $16.5 million to more than 400 adults who said they were sexually abused as children by religious leaders, the parties announced on Thursday in separate statements. The...Tags: Abusive Behavior, Roman Catholicism, Christianity, Roman Catholic Sex Abuse Scandal, Religion and Belief
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Allentown's fiscal problems are bad, but Harrisburg's are even worse
Allentown has a $200 million red ink problem, which, it seems, is the fault of any city politician not currently in office, and a population of 118,000 as of the 2010 census. That $200 million, split 118,000 ways, comes to less than $1,700 per person....Tags: Museums, 2010 Census, Ed Pawlowski, Local Government, Philadelphia (Philadelphia, Pennsylvania)
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City Council approves final Villaraigosa budget of $7.7 billion
The Los Angeles City Council on Thursday unanimously approved Mayor Antonio Villaraigosa’s final budget, expanding key services as several members acknowledged that many city workers will likely get a 5.5% raise in eight months. Councilman Eric...
Tags: Wendy Greuel, Career and Workplace, Medical Procedures and Tests, Collective Contract, Herb Wesson
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Ally settlement may be a boon for ResCap bondholders
Reuters* Paulson, hedge funds will likely make profit on settlement * MBIA, FGIC to recoup about $1 billion * Ally to contribute $2.1 billion to ResCap creditors By Nick Brown NEW YORK, May 23 (Reuters) - While bond insurers MBIA Inc and FGIC Corp receive...Tags: Mutual Funds, Mortgages, Derivative Securities, Economy, Business and Finance, MBIA Incorporated
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Breakup Fee for Rythym & Hues Stalking-Horse Bidder Approved (Exclusive)
ReutersMay 23 (TheWrap.com) - A U.S. bankruptcy court judge approved a settlement Wednesday between Rhythm & Hues and JS Communications, ending at least one contentious legal issue stemming from the March sale of the Oscar-winning visual-effects studio. As...Tags: Life of Pi (movie), Auction Service, Evan Jones, Economy, Business and Finance, Companies and Corporations
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Borders gift card holders deserve nothing, judge rules
Reuters* About 17.7 million cards outstanding when chain closed * Tens of millions of dollars of potential claims rejected By Jonathan Stempel May 22 (Reuters) - Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by...Tags: Financially Distressed Companies, Manhattan (New York City), Borders Group Incorporated (MI), Justice System, Crime, Law and Justice
Aug 4, 2011
|Story| WDBJ7
Mar 25, 2011
|Story| WDBJ7
Feb 4, 2011
|Story| WDBJ7
May 23, 2013
|Story| Los Angeles Times
May 23, 2013
|Story| Chicago Tribune
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| Reuters
May 23, 2013
|Column| Allentown Morning Call
May 23, 2013
|Story| Los Angeles Times
May 23, 2013
|Story| Reuters
May 23, 2013
|Story| Wrap
May 23, 2013
|Story| Reuters
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