Month: August 2011
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BULLETIN: Attorney Pleads Guilty In $47 Million ‘Bond’ Ponzi Scheme That Caused Arkansas Bank To Collapse; ‘Fraud, Whether Of This Magnitude Or Not, Cannot Be Tolerated,’ U.S. Attorney Christopher R. Thyer Says
BULLETIN: An Arkansas attorney and businessman caused a bank to collapse with his $47 million Ponzi scheme involving the sale of fraudulent bonds, federal prosecutors said. Kevin Harold Lewis, 43, of Little Rock, pleaded guilty to a federal charge of bank fraud after waiving indictment, prosecutors said. First Southern Bank, an FDIC-insured institution, collapsed after…
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STATEMENT: PP Blog Experiencing Unusual Circumstance
The PP Blog is experiencing an unusual circumstance that has affected operations throughout the day. Data suggest the circumstance presented itself in the early morning hours. An engineer is addressing the problem, which has persisted into the evening and appears to involve rogue traffic that is affecting the site in multiple ways.