Toad’s Place owner discusses closing (Times-Dispatch)
Charles Joyner said yesterday that his investment group, Turning Point Development, has no intention of being involved with the venue any longer. So the business will remain closed.
Local man charged in Ponzi scheme (Daily Progress)
Editor’s Pick: An Albemarle County man is facing civil and criminal charges in connection with a multimillion-dollar Ponzi scheme allegedly run out of an office suite in downtown Charlottesville. John M. Donnelly, 52, was arrested Wednesday and accused of bilking at least 31 investors out of more than $11 million since 1998.
Roanoke’s Plan 9 Music to shut down (Roanoke Times)
Plan 9 had been open for more than a year at 1314 Grandin Road, after moving there from Towers Shopping Center. At the larger Grandin Village shop, there was more room for inventory and space to host live music acts. None of it translated to sufficient sales for the Richmond-based company, which is in the midst of several recent store closings. Plan 9 owner Jim Bland said Thursday that the Roanoke store struggled to build a steady and sustainable customer base. Competition from Internet downloads of free music and the poor economy didn’t give the company hope for the store’s future in Roanoke.
GAO cites fraud in Medicare in-home services billings (USA Today)
Fraud and abuse helped boost Medicare spending on home health services 44% over five years as some providers exaggerated patients’ medical conditions and others billed for unnecessary services or care they did not provide, a Government Accountability Office report out Friday says.
The Office: Is Your Company Inbred? (Inc.)
Many companies pay a referral bonus to employees when they recommend a friend for a job down the hall. But do they carefully consider the implications of this common practice?