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Tag Archives: investigation

Moody's downgrades Choctaws' securities post-raid

CHOCTAW — Moody’s Investors Service has downgraded $200 million in securities borrowed by the Choctaw Resort Development Enterprise to junk bond status. That action came two days after the FBI raided the Mississippi Band of Choctaw Indians’ casinos at the Pearl River Resort near Philadelphia, The Clarion-Ledger reported. The FBI’s investigation may “indicate potential internal control weaknesses and could affect ...

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Labor orders ISMG to pay employee back wages

HANCOCK COUNTY — The U.S. Department of Labor says International Security Management Group will pay more than $282,000 in back wages to 46 security employees at the Stennis Space Center in Hancock County. Labor Department officials say in a news release that the agreement was reached after an investigation showed the company had failed to pay employees the required prevailing ...

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Justice Department investigating mental health system

JACKSON — The U.S. Justice Department is investigating whether Mississippi’s mental health system is discriminating against disabled persons by funding large psychiatric institutions at the expense of community-based care. The state Department of Mental Health said Mississippi has significantly improved care for disabled patients since the ruling, despite a lack of funds. Critics, however, said state policymakers have resisted shifting ...

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Coast harbormaster fired, investigation underway

OCEAN SPRINGS — Ocean Springs harbormaster Lesley Hamm has been fired amid a state auditor’s investigation into how public funds were spent. The Mississippi Press reports that Jackson County Board of Supervisors president Mike Mangum confirmed that Hamm was fired Tuesday. Lisa Shoemaker, spokeswoman for the state auditor’s office, told the newspaper that an investigation into misappropriated funds at the ...

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Morgan Stanley's shares fall on probe news

NEW YORK — Morgan Stanley shares dropped in pre-market trading today following a report that the investment bank is facing an investigation into mortgage derivative deals. Federal prosecutors are investigating whether Morgan Stanley misled investors about its role in a pair of $200 million derivatives whose performance was tied to mortgage-backed securities, according to a report in The Wall Street ...

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FBI raids Toyota suppliers

NEW YORK — The FBI raided the U.S. headquarters of three auto parts suppliers as part of an antitrust investigation, the agency said Wednesday. The FBI’s Detroit office said agents raided the offices of Denso Corp, Yazaki North America and Tokai Rika. All the raids took place this evening. Justice Department spokeswoman Gina Talamona said the department is conducting an ...

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OSHA looking into pipeline explosion

SMITH COUNTY — Smith County emergency management director Kevin Butler announced that the investigation into the cause of the deadly July 15 pipeline explosion has begun. Butler said the Occupational Safety and Health Administration were expected to be on the scene yesterday afternoon. The explosion occurred just south of Sylvarena in rural Smith County around 3:30 p.m. when workers were ...

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Funeral home under scrutiny

NATCHEZ — Secretary of State Delbert Hosemann says he is hopeful that new pre-need legislation will help prevent similar problems as currently seen at the George F. West Funeral Home in Natchez. Owned by Theodore West, the Secretary of State’s Office found the George F. West Funeral Home is not registered to sell pre-need contracts, and examiners with the office ...

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