Posts Tagged ‘money’

Former bank CEO pleads guilty to fraud, money laundering

BUDE — A former bank executive has pleaded guilty to bank fraud and money laundering. U.S. Attorney Gregory K. Davis and FBI Special Agent in Charge Daniel McMullen said Larry Barnette Hill, 58, of Meadville, entered the plea in federal court in Jackson. Hill served as CEO of People’s Bank of the South in Bude. […] [...]

Committee raises spending ceiling on state budget

by Associated Press Published: March 22,2013

Tags: appropriation, budget, committee, funding, legislation, legislative, legislator, Legislature, money, state government

JACKSON — Mississippi lawmakers are giving themselves a bit more wiggle room in writing a budget for the coming year. The Joint Legislative Budget Committee met yesterday and voted to add $97 million to the estimate of how much money the state can spend during fiscal 2014, which starts July 1. The estimate is now […] [...]

Ex-school, city employee gets prison time for embezzlement

MEADVILLE — A 52-year-old Roxie woman has been sentenced to three years in prison for embezzling money while she was employed by the Franklin County School District and the Town of Roxie. The Natchez Democrat reports Circuit Court Judge Forrest “Al” Johnson sentenced Ramona Mullins to serve nine years, with six years suspended, followed by […] [...]

Mayor’s civil trial continued, but judge urging settlement

SOUTHAVEN — Mayor Greg Davis’ civil trial in Jackson has been continued until May, but there are discussions that the judge in the case has urged both sides to settle the matter before then. At the end of yesterday’s hearing, The Commercial Appeal reports a Hinds County chancellor called attorneys for both sides into his […] [...]

Nonprofit might drop program due to mail scam

by Associated Press Published: January 25,2013

Tags: charitable donation, charity, food pantry, mail fraud, money, nonprofit, steal, theft, thief

JACKSON — Stewpot Community Services and U.S. Postal Service investigators suspect that as much as $100,000 in missing donations were stolen from the charity in a mail fraud scheme over the holidays. Executive director Frank Spencer said Stewpot noticed donations were down sharply between Nov. 27 and Dec. 17 compared to the same period in […] [...]

State House passes payday-lending bill despite objections

JACKSON — The Mississippi House has voted to let payday lending businesses keep operating in the state beyond 2015, despite objections by some lawmakers that the shops congregate in poor neighborhoods and take advantage of people who might not be financially savvy. Supporters say the businesses provide easy access to cash for people who might […] [...]

County not banking much on revenue from casinos

NATCHEZ — Adams County officials are being careful not to count too heavily on gambling revenue in 2013, despite the opening of a new casino. The Natchez Democrat reports the county has only budgeted for an additional $95,000 in gambling revenue for fiscal year 2013. For the fiscal year that ended in September 2012, a […] [...]

All American closes on another acquisition

by MBJ Staff Published: December 18,2012

Tags: acaquisition, acquisition, buy, cash, check, check cashing, expansion, lend, lender, loan, merger, money, payday lender, purchase, sale, sell

MADISON — All American Check Cashing has completed the acquisition of Payday Solutions, LLC, of Denham Springs, La. Terms were not disclosed. This marks the fifth merger and acquisition for All American this year and increases the total number of retail stores in Mississippi and Louisiana from 32 at the beginning of 2012 to 41. […] [...]

Review shows employee did not embezzle from university

EUPORA — An internal review reveals that a Mississippi State employee did not take funds from the university, though she has been charged with embezzling from another organization. The Commercial Dispatch reports Beth Sykes Collum of Eupora was arrested and charged with embezzling an undisclosed amount while serving as treasurer for the Mississippi Horse Show […] [...]

School district desperate for money; facing extensive cuts

by Associated Press Published: December 14,2012

Tags: appropriation, budget, city, county, cut, education, funding, government, money, public education, public school, school, school district

NATCHEZ — By this time next year, the Natchez-Adams County School District could be in desperate need of money and have nowhere easy from which to obtain it. As a result, school officials said the district must begin looking at extensive cuts to personnel and a better budgeting plan. The Natchez Democrat reports the board […] [...]

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