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After years of budgetary gloom and shortfalls in the billions of dollars, Maryland's fiscal forecasters offered lawmakers a brighter outlook Tuesday, saying the state's operating budget could be just $27 million in the red next fiscal year. Top fiscal...
A federal grand jury indicted a Baltimore financial adviser Tuesday for mail fraud in an alleged scheme to defraud vulnerable clients including an 85-year-old with dementia of more than $838,500, according to the U.S. attorney for the District of...
Tags: Maryland, Fraud, Lawyers, Justice System, Personal Finance
Sun StaffState pension trustees stepped up criticism of the system's staff yesterday, disavowing the top investment official's assertion that the firing of an indicted money manager was "not in our purview." Comptroller William Donald Schaefer, chairman of the...
Sun StaffWithout an advance of state funds to cover the Baltimore public schools' cash flow problem - one so great that it threatens to bankrupt the system - a deal brokered over the weekend to ease the system's $58 million deficit will not happen, sources close...
From Wire ReportsBEIJING - Global health officials warned travelers yesterday to avoid Beijing and Toronto, where they might contract the SARS virus and export it to new locations. Toronto, the first location outside of Asia targeted in efforts to contain the disease,...
Sun StaffA prominent Wall Street bond rating agency improved its opinion of Baltimore's financial outlook yesterday, just a year after raising concerns about what it considered a risky gamble by the city to engineer a $42 million bailout of the public school...
Reuters* Main mining union NUM seeks wage hikes of up to 60 pct * Gold companies' shares drop, rand also under pressure * Threat of mines unrest is headache for ruling ANC * NUM rival AMCU now dominates tense platinum sector By Ed Stoddard JOHANNESBURG, May...
Reuters* IEA predicts rising supply from U.S. * U.S. crude inventories rose by 1.1 mln bbls, above f'cast -API * Brent to drop to $101.35 -technicals * Coming up: U.S. EIA weekly crude stocks at 1430 GMT By Manash Goswami SINGAPORE, May 15 (Reuters) - Brent...
Star TribunePhilip Falcone, the onetime Chisholm rink rat who became a billionaire hedge fund manager, has agreed along with his firm to pay $18 million to settle a year-old fraud lawsuit accusing Falcone of using other people's money to pay his personal taxes and...
ReutersBy Jed Horowitz NEW YORK, May 9 (Reuters) - Sontag Advisory, which oversees $3.6 billion of investments for wealthy families and individuals, has reversed its policy of accepting payments from Charles Schwab Corp and Fidelity Investments for recommending...
They didn't call him "Ace" for nothing. Asaph Schwapp was a stellar football player and even better young man who was emerging as a leader in Greater Hartford. His death Wednesday at age 26 from non-Hodgkins lymphoma is sad beyond words. Mr. Schwapp was...
ReutersBy Emily Flitter NEW YORK, May 9 (Reuters) - Philip Falcone's fall from hedge fund stardom deepened on Thursday when a public company he controls disclosed that the billionaire investor had reached a preliminary settlement with U.S. securities regulators...
Nov 13, 2012 |Story| Baltimore Sun
Aug 16, 2011 |Story| Baltimore Sun
Nov 20, 2002 |Story| Baltimore Sun
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May 20, 2013 |Story| Reuters
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