FinanciaRUL

A business owner from Springfield, MO, was sentenced to a two year prison sentence on March 24 for a bank fraud scheme involving the construction of his $1.6 million home and the falsification of records related to his business, according to KY3 News in Springfield. Last October, Michael Ussery, 58, was convicted by a jury of his peers on 12 counts of bank fraud. Ussery was the owner of two successful businesses, USS Properties and Villa Properties. In 2007, he … Continue reading “Business Owner Sentenced to 2 Year Federal Prison Sentence For Falsifying Valuation Records”

At the request of U.S. law enforcement, Swiss authorities have been ordered to surrender documents pertaining to at least 18 banks and an unknown number of American businesses, according to Bloomberg News. The increased pressure from the American Justice Department comes after widespread allegations of corruption throughout the Swiss banking infrastructure. While none of the 18 banks have been implicitly accused of anything, an official statement from Switzerland’s financial regulator, Finma, states that the organization is “aware of the case … Continue reading “Swiss Banks Find Themselves in Hot Water With U.S. Authorities — For the Umpteenth Time”

Nations around the world have been looking for ways to curb childhood obesity for more than a decade. Now, the UK has taken an enormous step towards this goal by imposing a tax on all sugary drinks. According to The Guardian, Chancellor of the Exchequer George Osborne has announced the UK’s plan to place a substantial tax on sugary soft drinks, starting in April 2018. The new tax is intended to combat the growing epidemic of childhood obesity in the UK, … Continue reading “UK Announces New Tax on Sugary Soft Drinks in an Effort to Combat Childhood Obesity”