Michael Schwartz

Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.

Kickbacks lead to the clink

Medicaidfraud

A local businesswoman was sentenced Tuesday to three years in prison for her role in a Medicaid kickback scheme.

Why Food Lion makes Rebkee purr

Rebkeefoodlion

The Midlothian-based developer spent $2.7 million to buy a freestanding Food Lion property in New Kent County.

Property owner checks out

A hotel across from Richmond International Airport is headed for the auction block.

Troutman Sanders vindicated

tomgrantlawsuit

An accused local Ponzi schemer’s attempt to blame his predicament on his lawyer has finally been put to rest.

Surprised but satisfied

A local bank isn’t sure why it has been tapped by the U.S. Treasury to be among the first banks to have their TARP shares auctioned off to the public.

Bank takes aim at ‘last man standing’

1700summitfrench

Bank of Hampton Roads has sued a Richmond developer, alleging that he and his company had a hand in defrauding the bank of more than $13 million on two of Justin French’s construction projects.

Banking on the bubble (tea)

bobaliciouskiosk

Bobalicious, which opened its first store in Mechanicsville about a year ago, will open a location this weekend in Hampton Roads.

The R&D Dept.: Local Patents for 6.6.12

lightbulbpatent

A patent for a high-tech wound dressing from a Richmond company. A local man invents a training system for bank shots in billiards. And a Mechanicsville company gets a patent for an automated bowling system.

100 acres, up for auction

kingwilliam

Portions of a largely undeveloped commerce park in King William County are headed for the auction block.