by MBJ Staff Published: May 15,2012
Tags: bonds, corrections, debt, debt ratings, investing, investments, investors, jails, prisons, ratings
MARSHALL COUNTY and WILKINSON COUNTY — Fitch Ratings has withdrawn its ratings on the following bonds due to pre-refunding activity: • Mississippi Development Bank (MS) (MSLoan Prog-Mississippi Department of Corrections-Marshall County Correctional Facility Refunding Proj) general obligation special obligation bonds series 2008C (all maturities); and • Mississippi Development Bank (MS) (MSLoan Program-Mississippi Department of Corrections [...] [...]
by Associated Press Published: May 2,2012
Tags: athletes, athletics, football, fraud, investing, investors, jail, prison, professional athletes, professional athletics, professional sports, sentencing
JACKSON — Former NFL football player Jeffrey Walker is going to prison for defrauding investors in four states of more than $2 million in what prosecutors say was a land development scheme involving property in China. A federal judge sentenced Walker to 45 months for wire fraud and 36 months for tax evasion. The sentences [...] [...]
FLOWOOD — Investment firm Prospect Capital Corp. said Tuesday it will pay about $266 million to acquire an 80.1 percent stake in First Tower, a specialty finance company. Prospect Capital said it will pay $110.2 million in cash for the Flowood-based company, and said First Tower shareholders will get 14.5 million shares of Prospect as [...] [...]
by Associated Press Published: March 9,2012
Tags: bench, courts, investing, investments judicial, investors, judges, judiciary, jury, lawsuit, ponzi, scam, scheme
HOUSTON, Texas — A Texas jury cleared the way yesterday for U.S. authorities to go after $330 million in stolen investor funds sitting in frozen foreign bank accounts controlled by convicted Ponzi schemer R. Allen Stanford. The jury, which convicted the former tycoon on 13 of 14 fraud-related counts earlier this week, found there to [...] [...]
by MBJ Staff Published: March 2,2012
Tags: acquisitions, computers, cybe crime, defense, hardware, Homeland Security, information technology, intelligence, investing, investments, investors, mergers, military, security, shares, software, stock exchange, stocks, trechnology
VICKSBURG — Fusion-Q of Dallas, Texas, has made a tender offer to acquire the shares of Seventh Knight Inc. Under the terms, Fusion-Q has tendered an offer to acquire Seventh Knight with Fusion-Q preferred stock in exchange for the 9,674,403 shares of common stock outstanding stock of Seventh Knight. Thereafter, each Fusion-Q preferred share would [...] [...]
by MBJ Staff Published: February 28,2012
Tags: agriculture, chickens, earnings, feed, food, food processing, food processor, investing, investment, investors, loss, manufacturer, manufacturing, market prices, poultry, profit, publicly traded company, revenues, sales
LAUREL — Sanderson Farms Inc., for the first fiscal quarter ended Jan. 31, saw net sales of $517.8 million compared with $427.7 million for the same period a year ago. For the quarter, the poultry company had a net loss of $8.0 million, or $0.36 per share, compared with a net loss of $33.6 million, or [...] [...]
by Associated Press Published: February 21,2012
Tags: athletes, athletics, courts, fraud, investing, investments, investors, judge, judicial, judiciary, professional athletes, professional sports, scam, scheme, sentencing, tax evasion, taxes, wire fraud
MADISON — A federal judge has put off a former NFL player’s sentencing to give prosecutors time to notify possible fraud victims in Mississippi, Tennessee, Florida and Arizona. The Clarion-Ledger reports that the amount of Jeffrey Walker’s restitution payment will depend on the number of victims. Sentencing had been scheduled for last Friday. Federal assistant [...] [...]
by MBJ Staff Published: February 6,2012
Tags: acquisitions, gorcery stores, grocers, investing, investment, investors, meeting, mergers, publicly traded company, shareholders, stock, vote
JACKSONVILLE, Fla. — Winn-Dixie Stores Inc. will hold a special meeting of shareholders at Winn-Dixie’s headquarters in Jacksonville, Fla., March 9. The purpose of the meeting will be to, among other things, consider and vote on a proposal to approve the previously announced agreement and plan of merger, dated as of Dec. 16, 2011, pursuant [...] [...]
by MBJ Staff Published: January 29,2012
Tags: biofuels, capital, energy, fuels, investing, investment, investors, loans, plant, REFINERY
COLUMBUS — KiOR Inc., a next-generation renewable fuels company based in Pasadena, Texas, has closed a $75 million, four-year term loan with a lender group comprised of an affiliate of Vinod Khosla and two Canadian corporations owned by certain pension fund clients of Alberta Investment Management Corporation (AIMCo). “This follow-on investment in KiOR reaffirms the [...] [...]
by Associated Press Published: January 27,2012
Tags: building, charges, construction, disaster, disaster recovery, grand jury, hurricanes, investing, investment, investment scheme, investors, natural disaster, rebuilding, scam, servere weather, tropical weather, Weather
MISSISSIPPI GULF COAST — Federal officials say a man in Hawaii has been charged by a grand jury in connection with an investment scheme related to rebuilding projects in areas of Mississippi affected by Hurricane Katrina. A Justice Department news release from the Jackson FBI office identifies the man as 54-year-old Dan Doyle, a resident [...] [...]
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