Latest Accounting, tax preparation and payroll services News

Executive who embezzled $48 million gets 75-month sentence

Oct. 18, 2021 18:02 PM EDT

NEWARK, N.J. (AP) — A former publication company executive was sentenced to more than six years in prison Monday in a $48 million embezzlement plot. A federal judge sentenced Nestor Charriez to 75 months and also ordered him to pay $43 million in restitution. ...

Georgia man, California woman sentenced in COVID relief scam

Oct. 14, 2021 10:15 AM EDT

MIAMI (AP) — A Georgia man and a California woman have been sentenced to prison for fraudulently obtaining coronavirus relief funds through a program designed to help small businesses across the nation stay afloat. Dennes Garcia, 28, of Atlanta, was sentenced Wednesday...

Redevelopment around Aloha Stadium could start next year

Oct. 13, 2021 17:51 PM EDT

HONOLULU (AP) — Redevelopment of state land surrounding Aloha Stadium could start late next year or early 2023, though there is still no timetable for replacing the rusting 46-year-old amphitheater. The state Department of Accounting and General Services, which is...

Mississippi auditor demands payments in human services fraud

Oct. 12, 2021 18:40 PM EDT

JACKSON, Miss. (AP) — The Mississippi auditor said Tuesday that he is demanding repayment of $77 million in misspent welfare money in one of the poorest states in the nation. This includes $828,000 the auditor is seeking from retired NFL player Brett Favre and an employee of his business,...

Mayor: potential fraud in spending of COVID relief funds

Oct. 11, 2021 13:07 PM EDT

WEST HAVEN, Conn. (AP) — A Connecticut mayor has asked for a forensic investigation into the city's spending of federal pandemic relief money after coming across issues she says make her suspect fraud. West Haven Mayor Nancy Rossi, who is also a certified public...

City colleges announces SIU partnership for accounting

Oct. 10, 2021 09:10 AM EDT

CHICAGO (AP) — College officials in Carbondale and Chicago have announced a partnership aimed at improving access for students who want to pursue accounting and diversifying the field. Southern Illinois University Carbondale has entered an agreement with City Colleges...

Business owner charged with fraud over pandemic aid grants

Oct. 05, 2021 14:52 PM EDT

JACKSON, Miss. (AP) — A Mississippi business owner has been indicted on fraud charges after the state auditor said she submitted false applications for pandemic relief money. Ethel Cain turned herself in for arrest Monday night at the Bolivar County Sheriff's...

Man who obtained $234K in fraudulent tax refunds sentenced

Oct. 05, 2021 11:28 AM EDT

PORTLAND, Ore. (AP) — A Florida man has been sentenced to over four years in federal prison for filing hundreds of fake tax returns in several states, including Oregon, federal prosecutors said. Damian Barrett of Homestead, Florida, filed 745 fake tax returns in 19...

Venezuela introduces new currency with 6 fewer zeros

Oct. 01, 2021 18:30 PM EDT

CARACAS, Venezuela (AP) — A new currency with six fewer zeros debuted Friday in Venezuela, whose currency has been made nearly worthless by years of the world’s worst inflation. But the new bills were difficult to find in the capital, where consumers' fears that...

Great Wall of Lights: China’s sea power on Darwin’s doorstep

Sep. 24, 2021 11:55 AM EDT

ABOARD THE OCEAN WARRIOR in the eastern Pacific Ocean (AP) — It’s 3 a.m., and after five days plying through the high seas, the Ocean Warrior is surrounded by an atoll of blazing lights that overtakes the nighttime sky. “Welcome to the party!" says third officer...