| Lawmakers weigh changes
Gov. Mark Sanford's past business ties to a nonprofit organization that received $100,000 from a governor's conference bank account has lawmakers considering changes to disclosure laws and the state's competitive grants program. While no one has accused Sanford of anything illegal, some state lawmakers question his decision to donate the conference money to Carolinians for Reform Inc. given his ties to the organization. Among the group's directors is a former officer in a business owned by the governor's brother, and two men who ran a political action committee that supported Sanford. "We gave $150,000 for a governor's conference, not a political organization," said state Senate President Pro Tem Glenn McConnell. "There's nothing illegal I know of about it, but it sure is going to raise questions." In August, the governor's office directed a nonprofit organization run out of the Charleston Area Convention Visitors Bureau to cut a check for $101,534.14 to Carolinians for Reform Inc.
The Bank of New York Mellon's Pershing Unit Adds Aberdeen Asset Management, M&G Investments, Martin Currie and SVM ...
LONDON, Nov. 6 /PRNewswire-FirstCall/ -- Pershing Limited, an affiliate of Pershing LLC and a subsidiary of The Bank of New York Mellon Corporation, (Nachrichten) has added Aberdeen Asset Management, (Nachrichten) M&G Investments, Martin Currie and SVM Asset Management's mutual funds to its Nexus Funds solution. Nexus Funds is a straight-through processing, no-fee mutual fund solution that is fully integrated with the Pershing Nexus(R) platform. Dealing and settlement fees, in addition to custody fees on new assets, are waived for eligible deals in UK-registered funds that utilise the solution. These deals also benefit from guaranteed contractual settlement and consolidated trailer fee payments, ensuring predictable settlement dates and streamlining clients' administration and payment processes.
Theft suspects had held offices with Little Warriors
BELOIT � The two women accused of stealing money from the West Branch Little Warriors Athletic Association will face a combined 11 felony counts of theft Tuesday in court.
Krista L. Zinni, 36, South Range Road, Beloit, has been charged with nine counts of theft and Meredith L. Wayt, 33, West Maryland Avenue, Sebring, has been charged with two counts of theft. All 11 counts are fifth degree felonies, each of which carries a maximum penalty of one year in prison and a fine of $7,500.
Both women are scheduled to appear at 1:30 p.m. Tuesday in Mahoning County Court 3 in Sebring.
Smith Township Police Det. Terry Rockwell served both women with warrants Wednesday night. The total amount of money alleged to have been stolen from the organization totals $5,742.
Judge ousts 3 from control of Painter Tool
A dispute over control of Painter Tool in North Huntingdon, described by a judge as nothing more than a "family squabble," has been settled. U.S. Chief Bankruptcy Judge M. Bruce McCullough Wednesday placed David Painter in control of the bankrupt company and removed his brothers, Terry, Daniel and Rodger Painter, as owners. The legal fight among the four brothers had included charges of embezzlement, fraudulent conveyance and tax fraud. Terry, Daniel and Rodger Painter invoked their Fifth Amendment rights against self-incrimination, according to court documents. For eight years, David Painter has been trying to wrest control of the firm from his brothers, whom he accused of using the firm as "their personal piggy bank." .
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