Christopher Vnuk and his parents, Stephen Vnuk and Sharon Vnuk have been indicted by a federal grand jury on money laundering charges. Money from trafficking high-grade marijuana was allegedly laundered through purchases of vehicles. The parents are also alleged to […]
The Government Accountability Office (GAO) released a short report about the millions of dollars wasted in the government’s award of post-Katrina contracts. Included is at least $3 million spent for 4,000 beds that were never used. ($750 per bed!) The […]
New York Attorney General Eliot Spitzer has filed suit against H&R Block Inc. for alleged fraudulent marketing of individual retirement accounts (IRAs). It is alleged that over the last four years, H&R Block has opened over 500,000 “Express IRA” accounts […]
This is a first! The IRS has started using private companies to collect overdue taxes. If the program is successful, it will be expanded next year. The IRS claims the “tax gap” has grown to $290 billion. The tax gap […]
A study conducted by Wisconsin’s Legislative Fiscal Bureau shows that taxpayers could have saved $1.9 billion over 20 years if the Taxpayer Protection Amendment had been law. The amendment would force government officials to consolidate or work more efficiently to […]
Two laptop computers containing personal data on an undisclosed number of Verizon employees, were recently stolen. The laptops were supposedly part of a “random theft” from a Verizon building, and the data is supposedly password-protected. The affected employees were notified […]
For the second year in a row, Fannie Mae is postponing the filing of its annual report with the U.S. Securities and Exchange Commission. Fannie Mae is also likely to issue a management report, stating that its internal controls over […]
A man accused of stealing upwards of $36,000 in natural gas says he broke no laws, and only admitted to wrongdoing after police wore him down. He says the statements given during his confession were false. Warren J. Krohn of […]
In recent years, adjustable rate mortgages (ARMs) have been very popular with home buyers. Low interest rates allowed buyers to purchase larger houses than they might otherwise have been able to afford. But as the end of those ARMs draws […]
This past January, 24,500 people applied for the 325 jobs available at a Wal-Mart just outside Chicago’s city limits. All but approximately 500 of the applicants listed Chicago as their address. The Wal-Mart was built in Evergreen Park, one block […]
