For WexTrust victims, little hope of getting much back (Virginian-Pilot) Robert Dolsey put $50,000 into a WexTrust mining venture in 2006. After it imploded, and a court-appointed receiver distributed almost $5 million of WexTrust assets to investors, he received about $900. Upgraded Hokie Stone quarry rolls out more rock (Roanoke Times) Virginia Tech is leaning… Read more »
Uncategorized
From phones and fiber to rims and racing stripes
A former telecom exec just made a dramatic career lane change.
NewsFeeds 11.21.11
Lawyer remains free despite embezzlement convictions (Times-Dispatch) A lawyer convicted of embezzling $430,000 over seven years at the Marks & Harrison law firm was sentenced to more than three years in prison Thursday but will remain free pending an appeal that could take years to be resolved. Developer plans a $250 million regional shopping… Read more »
Priced to sell
The thrifty, the nosy and the curious turned out in droves at the estate sale of bankrupt Richmond socialites Allen Meade Ferguson and his wife Mary Rutherfoord Mercer Ferguson.
Defying gravity
After brewing beer at home for more than two decades, Tony Ammendolia decided to begin supplying like-minded hobbyists.
NewsFeeds 11.18.11
Localities to pay more for employee pensions (Times-Dispatch) Local governments face an increase of roughly 3 percent of pay in contributions for employee pensions, not including retirement for public school teachers. At Va. Beach Town Center, dining and clubs are hot, but retail lags (Virginian-Pilot) A new beer-focused restaurant and jazz and cigar club… Read more »
$860 million deal in the works
MeadWestvaco is spinning off its office supply business and merging it into an Illinois competitor.
BizSense event serves small business insights
Local brewers, distillers and vinters revealed how they tapped the Richmond market at an event hosted by Richmond BizSense.
NewsFeeds 11.17.11
Sold! 18 Town Center condos get snapped up at auction (Virginian-Pilot) Armada Hoffler, the tower’s developer, hired an auctioneer to sell 18 of the 24 unsold condos at the Westin residences in a bid to stir up interest and find buyers. U.S. Banks Face Contagion Risk From European Debt: Fitch (Bloomberg) U.S. banks face… Read more »
Fake ID, Inc.
The mastermind behind a massive ring of fake ID smugglers pleaded guilty to racketeering and other charges in Richmond federal court yesterday.
