Pages
Categories
Archives
Blogroll
Monthly Archives: October 2020
John McAfee arrested, indicted on tax evasion charges, sued for fraud
Cybersecurity eccentric, John McAfee, is under arrest in Spain awaiting extradition to the United States after being indicted on federal tax evasion charges. The filing alleges that McAfee deliberately not only avoided paying federal taxes from tax years 2014 through … Continue reading
New forgiveness application for PPP borrowers with smaller loans
Small businesses that obtained PPP loans of $50,000 or less can now use a streamlined application to apply for forgiveness. This is expected to affect about 3.6 million borrowers according to the SBA. The SBA and Treasury Department remain committed … Continue reading
OxyContin Maker Purdue Nears Guilty Plea Agreement in U.S. Criminal Probe
Purdue Pharma LP, the OxyContin maker controlled by members of the wealthy Sackler family, is nearing an agreement to plead guilty to criminal charges as part of a deal to resolve U.S. Justice Department probes into its alleged role in … Continue reading
Restaurant Chain Ruby Tuesday Files for Chapter 11 in Delaware
Restaurant chain Ruby Tuesday Inc. filed Chapter 11 bankruptcy in Delaware as it seeks to stabilize its finances during the pandemic. The filing comes after the company reached an agreement with secured lenders to support a restructuring plan. Ruby Tuesday’s … Continue reading
Oct. 15 deadline nears for taxpayers who requested tax filing extensions
The IRS reminds taxpayers who filed an extension that the October 15 deadline to file is quickly approaching. Taxpayers should file on or before this deadline. Taxpayers are urged to file electronically, request direct deposit for refunds, and pay amounts … Continue reading
Jackson County, Missouri Issues New Order about Bond and Release procedures
IT IS HEREBY ORDERED, effective immediately and continuing until November 30, 2020, as follows: 1. Any defendant arrested on a warrant who is to be delivered to the JCDC with any of the following bonds/bond amounts: A. $5,000.00/10% or any … Continue reading
Pressure Mounts on SBA to Forgive Loans, Prevent Fraud
The Treasury Department and SBA have not yet forgiven any of the 5.2 million emergency coronavirus loans issued to small businesses. Small businesses that received Paycheck Protection Program funds, as well as their banks, have been frustrated by the difficulty … Continue reading
Southwest Seeks Pay Cuts from Unions to Avoid Layoffs Through 2021
Southwest Airlines said that it is asking unions to agree to pay cuts in order to prevent furloughs and layoffs as the industry struggles to slow losses from the coronavirus pandemic Unions represent about 83% of Southwest employees. Non-union staff … Continue reading
Almost 1,600 Customers Say Wells Fargo Paused Their Mortgage Payments Without Their Consent
Nearly 1,600 Wells Fargo customers say the bank paused their mortgage payments without their consent according to communication that the bank sent to two U.S. senators in August and September. The letters also indicate that the bank didn’t know how … Continue reading
Regal Cinemas to Close All U.S. Theaters This Week
Cineworld announced today that it will close all of its movie theaters in the United States this week after the postponement of the new James Bond film left a big hole in schedules. The closures affected 536 U.S.-based Regal Cinemas … Continue reading