Nov 12th, 2009
When a deal sounds too good to be true, then it most likely is. This is an adage that all consumers these days hold near and dear to their hearts. But those “deals” exist for a reason. Eventually some curious soul won’t be able to resist the possibility of getting that extra bang for their [...]
Aug 25th, 2009
A well-known local upholstery business was ordered to pay more than $100,000 in fines Monday after pleading no contest to trying to charge an elderly customer more than $62,000 for drapes that cost them $2,250 to purchase and install.
Arrow Upholstery & Drapery was ordered to pay a $102,000 fine in the second-degree felony elder fraud [...]
Aug 14th, 2009
The Detroit public school district is in a world of trouble. Facing a $259.9 million deficit, it’s toying with the idea of bankruptcy. But before it can even deal with its financial woes, it needs to clean house: several employees have been charged with embezzlement, theft, fraud, and pretty much any other white-collar crime you can think of.
Aug 11th, 2009
The United States’ “Cash for Clunkers” program has been so popular in recent weeks that Congress injected another huge sum of money to keep the program going. But they should take heed of the problems plaguing a similar project in Germany. The European power’s notorious cash for clunkers program, which launched this February, forgot one key provision: accountability.
Aug 7th, 2009
Every now and then, executive jerks are held accountable and forced to pay for their mistakes.
Former CEO of insurance giant AIG will have to pay to $15 million to settle charges with the SEC, CNNMoney reports. Hank Greenberg’s been accused of inflating earnings at his headline-attracting company and the SEC sued him for accounting fraud. [...]