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Israel's Foreign Minister Told He Will Be Indicted for Fraud
By Linda Gradstein - AOL NewsJERUSALEM -- The Israeli attorney general today told Foreign Minister Avigdor Lieberman that, pending a hearing, he will be indicted for fraud, money laundering and witness-tampering, a move that could eventually bring the collapse of the government. Lieberman faces up to 10 years in jail if convicted. The draft indictment had been expected this week but caught Lieberman off guard as he sat on the podium of his ultranationalist Yisrael Beitenu party in Jerusalem. Lieberman's face tightened as he took the call from his lawyer. AFP / Getty Images Israeli Foreign Minister ...
Madoff to Magazine: 'Government Is a Ponzi Scheme'
By not in system - AOL NewsNEW YORK -- Wall Street swindler Bernard Madoff said in a magazine interview published Sunday that new regulatory reform enacted after the recent national financial crisis is laughable and that the federal government is a Ponzi scheme. "The whole new regulatory reform is a joke," Madoff said during a telephone interview with New York magazine in which he discussed his disdain for the financial industry and for its regulators. Timothy A. Clary, AFP / Getty Images Bernard Madoff says in an interview with New York magazine that new regulatory reform enacted after the recent national ...
Ohio Gov. Asked to Pardon Mom Jailed in School Enrollment Fraud
By Hugh Collins - AOL NewsThe governor of Ohio has received 165,000 petition signatures asking him to pardon Kelley Williams-Bolar, the woman who spent 10 days in jail for fraudulently enrolling her children in a more desirable school district. Three nonprofit groups -- ColorofChange.org, Change.org and MomsRising.org -- delivered the petition to Gov. John Kasich's office Monday, according to The Columbus Dispatch. The groups want Kasich to pardon Williams-Bolar, 40, whose felony convictions could disqualify her from becoming a school teacher. Akron Beacon Journal / MCT Summit County ...
Madoff Lawsuit: Mets Owners Owe Victims $300 Million
By not in system - AOL NewsNEW YORK -- The owners of the Mets turned a blind eye to Bernard Madoff's massive fraud, reaping $300 million in false profits and using a large chunk to run the team, according to a lawsuit unsealed Friday. The lawsuit claims the owners were so dependent on the disgraced financier's too-good-to-be-true returns that they "faced a severe and immediate liquidity crisis" when Madoff's crimes were revealed in 2009. The searing allegations were made by Irving Picard, the trustee appointed to recover funds for investors burned by Madoff's scheme. The suit filed by Picard in federal bankruptcy ...
Power Balance Admits There's No Evidence Its Strength Bands Work; Twitter Responds
By Torie Bosch - AOL NewsPower Balance's "athletic strength bands" don't actually do anything, the company had to admit in Australian media today. They're offering refunds to Australian customers who were enticed by promises of improved "strength, balance and flexibility." The bands, which go for about $29, have been spotted on the wrists of athletes such as David Beckham, Shaquille O'Neal and Drew Brees. But skeptics have long questioned the company's claim that the bands use your body's "natural energy field" to improve athletic performance, saying that there was no research to back up the claim. Those folks are ...
Trustee Secures $7 Billion for Victims of Madoff Fraud
By not in system - AOL NewsVictims of the Ponzi scheme perpetuated by convicted fraudster Bernard L. Madoff will finally see some money come their way, following a settlement reached with the estate of one of the investors in the fraud. ...
Officials: Former Inmate Goes Shopping -- Using Jail's Checking Account
By Ben Muessig - AOL News
(Nov. 18) -- Some people get out of jail free. Others get out of jail and rack up thousands of dollars of charges on the detention center's dime. That's what investigators say happened in New Mexico, where a recently released inmate used a check issued to him by the jail to make dozens of fraudulent purchases. Like all inmates incarcerated at Albuquerque's Bernalillo County Metropolitan Detention Center, Thomas Stegall was given upon release a check equivalent to the amount of cash he was carrying when he got locked up. ...
Did Harry Reid 'Steal' the Nevada Senate Election?
By David Knowles - AOL News(Nov. 3) -- Dirty tricks? On Tuesday night, Senate Majority Leader Harry Reid was basking in the glow of his narrow victory over tea party upstart Sharron Angle. Throughout the course of the campaign, polls had shown the race to be an extremely tight contest, with the lead swinging back and forth between the two candidates all the way down to the wire. But let's back up to the waning days of the battle, with the contest far from decided. That's when Cleta Mitchell, Angle's attorney, sent out a fundraising letter in which she proclaimed the following: As Sharron Angle's campaign attorney, I ...
Report: Millions Wasted in Food Services at Baghdad Embassy
By Lisa Flam - AOL News(Sept. 13) -- The U.S. Embassy in Baghdad paid millions of dollars to a contractor for snacks and meals that weren't eaten, according to a report from the State Department's Office of the Inspector General. The embassy overpaid by more than $2 million, according to the investigation, first reported today by Foreign Policy magazine. The money was paid to KBR, a former Halliburton subsidiary that provides food service to 1,500 embassy employees. "KBR's headcount records from meals consumed do not match dining facility account records, and OIG was unable to reconcile the difference. These ...
Opinion: Obama's Cracked Stimulus Crystal Ball
By John Merline - AOL News(Aug. 6) -- Almost exactly 18 months ago, President Barack Obama gave a speech in Illinois that contained what has to be some of the worst predictions ever. In it, he said that as soon as the $780-plus billion stimulus plan got signed into law, "a new wave of innovation, activity and construction will be unleashed across America." He added that it "will ignite spending by businesses and consumers" and that the "goal at the heart of this plan" is "to create jobs." This week added more evidence of just how wildly far off the mark those forecasts were. Source: Bureau of Labor ...
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