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Peregrine's Russell Wasendorf Pleads Guilty (Bloomberg) - Men that are 64 years old just don't look good in handcuffs, shackles and an orange jumpsuit but that's how Russell Wasendorf appeard in front of U.S. District Judge Linda Reade to plead guilty to stealing over $100 million from Peregrine customers. It has been reported that Wasendorf is cooperating with authorities and that he would like to be released to spend time with his wife (who is filing for divorce) and his pastor (who would presumably try to prevent Wasendorf from trying to kill himself ... again).
Are Prisoners Taking Jobs From Law Abiding Citizens (Forbes) - There are starting to be calls for the Federal Prison Industries (UNICOR) to back off of competing for contracts with private companies. For years, UNICOR has made uniforms, processed recycled material and made furniture, mostly in support of federal government needs. However, as the prison population grows UNICOR finds that its competing for jobs .... but let's not forget the jobs the prison is creating.
Judges and Lawyers As Facebook Friends (JD Supra) - Many of us think nothing of being Facebook friends with neighbors, old friends or people at work, but what about lawyers and the judges who preside over the cases they argue? The Florida Judicial Ethics Advisory Committee stated that judges could accept social networking friendships from lawyers who may appear before them.
Central Michigan Univ Students Working To Prosecute White-Collar Crime (Central Michigan Life) - When faced with the thought of dropping embezzlement charges on 4 active fraud cases in Michigan, the MI State Police turned to Prof. Thomas Weirich who teaches Forensic Accounting at CMU. His students jumped at the opportunity to get some hands-on experience and to also nail some bad guys. And nail them they did !
Missing Home Owners Association Money (CT Post) - Each month, many Americans pay their community or condo fees for various maintenance expenses ranging from the lawn to a new roof. That money is entrusted to property management companies and now one has been accused of stealing over $500k from a few community trusts. That money would have mowed a lot of yards! Look for arrests to come.