Anger still flares after judge okays Volkswagen emissions deal. From Yahoo Finance: “A federal judge approved the largest auto-scandal settlement in U.S. history Tuesday, giving nearly a half-million Volkswagen owners and leaseholders the choice between selling their cars back or having them repaired so they don’t cheat on emissions tests and spew excess pollution. U.S. District… Continue reading Judge Okays Volkswagen Emissions Deal
Former realtor Barbara Jean Dennis “pleaded guilty in February to bankruptcy fraud, admitting that she used the automatic stay provision in bankruptcy proceedings to avoid paying the mortgages, while at the same time, collecting rent from her tenants, according to a Department of Justice news release.” Dennis owned at least 12 real estate properties in Texas… Continue reading Las Vegas Realtor Sentenced for Bankruptcy Fraud Scheme
Rochelle’s Daily Wire posted an interesting article recently. Here is a snippet: “The Ninth Circuit joined the Fifth and Tenth by holding that a tax sale conducted in accordance with state law cannot be set aside as a fraudulent transfer for less than reasonably equivalent value. “A company owned real property but did not pay… Continue reading Regularly Conducted Tax Sales Cannot Be Fraudulent Transfer, Ninth Circuit Holds
Jay Adkisson of Forbes wrote an interesting article a couple of days ago detailing the history of the Wyly brothers attempting to hide their assets from the IRS and creditors. Judge Houser ruled about a month ago that Sam Wyly and his brother’s estate owe the IRS $1.1 billion. Here’s a snippet of Adkisson’s article:… Continue reading Bankruptcy Court Rules that Wyly’s Private Annuities are not Exempt under Texas Law
U.S. Bankruptcy Judge Barbara Houser (Dallas) has ruled that Sam Wyly and the estate of his late brother owe the IRS $1.1 billion. The brothers used a web of offshore bank accounts to hid their assets from the IRS. For more information you can read the article here.
On Tuesday, July 14th, the US Court of Appeals in Washington, DC upheld the government’s net neutrality rules in a 2-1 ruling. The Federal Communications Commission’s (FCC) rules force internet providers such as Verizon, AT&T, and Comcast to treat all online traffic equally. This keeps internet providers from favoring their own services or partners while… Continue reading US Court of Appeals Upholds FCC Net Neutrality Laws
“The Supreme Court on Monday refused to revive a Puerto Rico debt-restructuring law, putting the U.S. territory at risk of a messy default unless Congress this month passes legislation to help the Caribbean island survive its crippling fiscal crisis.” http://finance.yahoo.com/news/top-court-rejects-puerto-ricos-150942735.html