April 11, 2013
A Williamstown man was accused of defrauding mortgage lenders and the government by acting as a straw buyer in a multimillion-dollar mortgage fraud conspiracy involving $20 million in loans and 100 houses, most of them in Philadelphia, the U.S. Attorney's office in Philadelphia said Tuesday. According to federal documents, Mark Murphy, 47, allowed his identity to be used, along with false information about him, including false pay records, to qualify and receive a $324,000 loan on a West Philadelphia property.
March 29, 2013 |
WASHINGTON - Incoming college freshmen could end up paying $5,000 more for the same student loans their older siblings have if Congress doesn't stop interest rates from doubling. Sound familiar? The same warnings came last year. But now the presidential election is over and mandatory budget cuts are taking place, making a deal to avert a doubling of interest rates much more elusive before a July 1 deadline. "What is definitely clear, this time around, there doesn't seem to be as much outcry," said Justin Draeger, president of the National Association of Student Financial Aid Administrators.
March 26, 2013 |
DENNY HAMLIN suffered a compression fracture in his lower spine during a last-lap crash Sunday in Fontana, Calif., while racing for the win against former teammate Joey Logano, and Joe Gibbs Racing gave no indication Monday how long its driver could be sidelined. "I just want to go home," Hamlin tweeted from a hospital in Southern California. He later posted a photo of himself giving a thumbs-up and appeared to be wearing a back brace. The team said he had what is called an L1 compression fracture; essentially, the first vertebra in the lumbar section of his spine collapsed.
March 15, 2013
An alert Delaware County teller noticed that a loan applicant resembled a suspect in a series of bank robberies. Acting on the tip, Upper Darby Township police say they identified Jermaine Coleman, 30, of the 5800 block of Warrington Avenue, Philadelphia, as a suspect in the robbery of three local banks between last Thursday and Monday. "He is considered armed and dangerous," said Michael Chitwood, the township police superintendent. Coleman handed over notes during the robbery in which he threatened to kill employees and blow up the banks, Chitwood added.
March 14, 2013 |
An alert Delaware County teller noticed the suspect in a number of bank robberies was the same man who had applied for a loan at their institution. Jermaine Coleman, 30, of the 5800 block of Warrington Ave., Philadelphia, is wanted for allegedly robbing three local banks between March 7 and March 11, police said. "He is considered armed and dangerous," said Michael Chitwood, Upper Darby's superintendent of police. Coleman handed over notes during the robbery that threatened to kill employees and blow up the banks, Chitwood added.
March 11, 2013 |
AN EX-PHILLY COP who was fired from the force in 2011 for an alleged insurance-fraud scheme was indicted Friday for allegedly running a loan-sharking operation, the U.S. Attorney's Office said. A current city cop who was one of the apparent loan recipients was charged too, for allegedly lying about the scheme run by Gary Cottrell, 46, according to the feds. Cottrell was arrested on 16 charges, including making extortionate extensions of credit, and obstruction. Investigators say Cottrell dished out short-term loans - generally charging $25 for every $100 - and used force or threatened force to get the money back.
March 1, 2013 |
AS THE UNION prepares for the season opener Saturday, it feels like last year's roller-coaster only just finished its ride. Indeed, fans hoping for a smoother journey in 2013 are probably still feeling the lingering effects of 2012's controversies. At least they aren't alone. The team has yet to fully repair the damage wrought by former manager Peter Nowak, whose dismissal last summer proved to be the season's defining storyline. But current manager John Hackworth has taken steps to make the Union better.
February 26, 2013 |
A North Jersey mobster, who admitted to participating in the affairs of Philadelphia's La Cosa Nostra, was sentenced today to a 55 month term in federal prison. Louis "Big Lou" Fazzini, 45, pleaded guilty in October to a racketeering conspiracy charge linked to a mob-controlled gambling and loan-sharking operation. A self-described "made" member of the mob, Fazzini, of Caldwell, operated a sports bookmaking business and ran a social club in northern New Jersey where illegal gambling on card and dice games occurred regularly.
February 23, 2013 |
A former Tredyffrin/Easttown School District official who said she fell into financial trouble when she was fleeced by an online love interest was arrested Wednesday and accused of using the district's gas card to fill personal vehicles. Toni Amerman Pulcini, 60, a former transportation supervisor, used the card to steal $8,329 worth of gasoline between October 2011 and November 2012, police said. Pulcini, of Easton, Pa., is charged with theft, receiving stolen property, and access-device fraud.
February 14, 2013
In the Region Revel seeking options to pay debt Revel in Atlantic City hired a restructuring lawyer, investment banker and consultant to review options on how to deal with its $1.2 billion debt load, according to gaming analysts. The financially ailing casino ranked 11th among the city's dozen gambling halls last month with total casino revenue of less than $8 million from slots and table games. The $2.4 billion Revel has amended its credit line three times since opening in April.