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January 7, 2014
14:42 // 6 months ago
December 20, 2013
We are extremely concerned by the organized patterns that are taking place in the retail industry right now as these crime gangs continue to find ways to maneuver the system.
National Retail Federation Vice President of Loss Prevention Rich Mellor • Discussing the rise in organized retail crime, such as the Target incident, over the years. More than 90 percent of retail outlets reported some kind of retail crime in 2012. The silver lining in this situation? The banking industry is really good at stopping fraudulent charges.
12:17 // 7 months ago
November 13, 2013
18:51 // 8 months ago
August 14, 2013

Former Rep. Jesse Jackson Jr, Sandra Jackson sentenced for charges related to improper use of campaign funds

  • 30 months behind bars and three years of supervised release were handed down to former Rep. Jesse Jackson Jr. on Wednesday, by Judge  six months after the Illinois Democrat plead guilty on charges that he misused approximately $750,000 in campaign funds.
  • 12 months in prison will also be served by Jackson’s wife, Sandra, who will also be forced to pay $22,000 in restitution after pleading guilty to intentionally filing tax forms with incorrect information. source
15:49 // 11 months ago
February 20, 2013

Two widely differing pleas came from former politicians facing criminal charges today

  • Guilty Former Illinois representative Jesse Jackson Jr. pleaded guilty to fraud charges stemming from his apparent misuse of more than $750,000 in campaign funds. Jackson and his wife made a variety of high-dollar purchases with the money, along with paying for expensive vacations and club memberships, and is expected to be sentenced to somwhere between 47 and 56 months in prison. source
  • Not Guilty Former New Orleans mayor Ray Nagin pleaded not guilty to federal charges that he accepted more than $200,000 in bribes and other gifts during his time in office, many from contractors hoping to land major city contracts. Several former city officials are set to testify against Nagin, who is currently out of jail on a $100,000 bond. source
19:11 // 1 year ago
January 18, 2013

Former mayor charged with bribery, conspiracy, money laundering, and more

  • 21 counts of corruption faced by former New Orleans Mayor Ray Nagin, who led the city at the time of Hurricane Katrina. source
18:07 // 1 year ago
July 12, 2012
This is not the campaign that we intended to run. I got into this for the right reasons.
Washington D.C. mayor Vincent Gray • Regarding the controversy around his 2010 election, which has been shrouded in scandal in recent months. On Tuesday, one of his campaign aides pleaded guilty to accepting payment from a businessman in the city to run a “shadow” campaign — spending $650,000 in illicit funds, kept off the books, to help promote Gray’s campaign. The news comes on top of other scandals the city’s government has faced — and led to three city council members asking for Gray’s resignation.
10:51 // 2 years ago
June 14, 2012

Convicted ponzi schemer R. Allen Stanford sentenced in $7 billion scheme

  • 41 months the amount of time the attorneys for convicted ponzi schemer R. Allen Stanford’s wanted him to be sentenced to prison
  • 110
    years
    the amount of time Stanford, who built a $7 billion scheme over 20 years, was actually sentenced; he could’ve gotten 230 years source

» For comparison’s sake, Bernie Madoff got 150 years. Stanford, who was convicted of 13 of 14 fraud counts in March, lived a lavish life, and was at one point personally worth $2 billion. (His scheme, half the size of Madoff’s, was nonetheless massive.) But his assets were frozen and he was so broke that he had to rely on court-appointed lawyers. Said lawyers have no sense of gravity, apparently — they seriously thought he’d get jailed for less than four years? Perhaps, though, it was Stanford himself who screwed up his chances, telling the judge this on Thursday: “I’m not here to ask for sympathy or forgiveness or to throw myself at your mercy. I did not run a Ponzi scheme. I didn’t defraud anybody.” He spoke for 40 minutes. He claimed the U.S. used  “gestapo tactics” on him. In return, he got a huge sentence.

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22:29 // 2 years ago
June 10, 2012
DC’s new era of political corruption: A city that’s seen more than its fair share
Ethical lapses aplenty: Last week saw Kwame R. Brown, the second-ranking political official in the city, step down from his job in the wake of a campaign finance and bank fraud scandal. Before that, Harry Thomas Jr. dropped his city council seat in January and is about to head to jail on bank fraud charges. And two mayor Vincent Gray’s aides pleaded guilty on corruption charges of their own (though Gray denies wrongdoing). It’s another set of scandals in a city that has seen more than its fair share. “Politicians will say there’s a culture of corruption, and often people say it’s rhetoric,” notes Democratic activist Bryan Weaver “But when it comes to D.C., there’s a culture of corruption that really exists. What gets passed off as politics as usual are huge ethical lapses.” Read more here. (photo by Bill O’Leary/The Washington Post)

DC’s new era of political corruption: A city that’s seen more than its fair share

Ethical lapses aplenty: Last week saw Kwame R. Brown, the second-ranking political official in the city, step down from his job in the wake of a campaign finance and bank fraud scandal. Before that, Harry Thomas Jr. dropped his city council seat in January and is about to head to jail on bank fraud charges. And two mayor Vincent Gray’s aides pleaded guilty on corruption charges of their own (though Gray denies wrongdoing). It’s another set of scandals in a city that has seen more than its fair share. “Politicians will say there’s a culture of corruption, and often people say it’s rhetoric,” notes Democratic activist Bryan Weaver “But when it comes to D.C., there’s a culture of corruption that really exists. What gets passed off as politics as usual are huge ethical lapses.” Read more here. (photo by Bill O’Leary/The Washington Post)

11:51 // 2 years ago
May 2, 2012

U.S. officials crack down on Medicare fraud schemes nationwide

  • seven the number of cities in which the Medicare fraud raids took place
  • 100+ the number of people charged in the raids, including doctors
  • $450M the amount the fraud schemes allegedly cost the government source

» The biggest takedown of its kind: Today, raids took place in Miami, Tampa, Chicago, Baton Rouge, Detroit, Houston and Los Angeles as part of a three-year ongoing crackdown on Medicare fraud, according to an announcement by Attorney General Eric Holder and Health and Human Services Secretary Kathleen Sebelius Wednesday. The frauds included ”every kind of scheme you can think of,” according to one source on the matter.

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14:11 // 2 years ago