Dec 17
RALEIGH Condemning the role of money in elections, a Wake County judge on Wednesday banned Gov. Bev Perdue’s former fundraiser from the political world for two years and ordered him to pay a $25,000 fine.
Peter Reichard, 54, pleaded guilty to a felony count of obstruction of justice for his role in concealing an alleged scheme to funnel $32,000 from a wealthy Perdue donor through his Chapel Hill investment bank to a campaign aide.
Superior Court Judge Donald Stephens called Reichard’s actions “sheer foolishness.”
Ignoring campaign finance laws creates “an absolutely uncontrolled free-for-all in which honesty and truth and fairness is completely vanquished, where money talks and where money frequently tries to buy elections,” the judge said in issuing his ruling.
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Dec 11
DES MOINES, Iowa (AP) — Republican presidential hopeful Newt Gingrich says he is being factually accurate when he calls the Palestinians an “invented” people and says they are the creation of anti-Israel propaganda.
Gingrich’s chief rival for the presidential nomination, former Massachusetts Gov. M
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Dec 01
New York, NY: The requirement and responsibility for any financial advisor to be sensitive to an investor’s risk tolerance is akin to a mechanic performing an appropriate fix on an elderly widow’s staid Crown Victoria. Thus, the allegations surrounding Bill Tatro and Eagle Steward are not far removed from a scenario that sees our kindly widow getting her car back outfitted with a souped-up, turbocharged Hemi with mag wheels, air spoiler and hydraulic shocks.
This is beyond a great-grandmother’s comfort zone. Conversely, placing an investor’s money in products that carry more risk than is appropriate for a client’s age and circumstances—let alone an investor’s stated wishes—suggests insensitivity bordering on fraud. Su Read all post…
Nov 26
MANHATTAN (CN) – Real estate developer Sheldon H. Solow, known for his iconic Manhattan tower at 9 W. 57th St., must go back to the drawing board if he wants to sue Citigroup and its CEO Vikram Pandit for allegedly lying about liquidity during the 2008 financial collapse, a federal judge ruled.On Sept. 15, 2008, Lehman Brothers filed for bankruptcy, causing the Dow Jones Industrial Average and Citigroup shares to plummet.”On that same day, in an alleged effort to boost investor confidence, Citigroup CEO Pandit issued a memorandum to Citigroup employees I which was reprinted in The Wall Street Journal.
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Nov 15
PASADENA — A robber snatched a purse from an 80-year-old Pasadena woman as she sat at a bus stop early Saturday, police said.The woman was waiting for a bus at Fair Oaks Avenue and Villa Street when the robber approached and pulled her purse from her arm, Pasadena police Lt. Diego Torres said.The robber, described as a black man, about 5-feet 8-inches tall, of thin build, wearing a light blue jacket and blue jeans, when fled into a nearby white sedan, Torres said.The woman was not hurt.