Originally published on Sat January 11, 2014 5:26 pm
In the end, Mark Darr had to give in.
Darr, the Republican lieutenant governor of Arkansas, announced Friday that he will resign Feb 1. Earlier this month, he agreed to pay the state ethics commission $11,000 in fines for making personal use of campaign funds and receiving improper expense reimbursements from the state.
Darr called his errors "careless and lazy," but said they were not intentional violations of the law. In a series of interviews with Arkansas news outlets Tuesday, Darr said he would refuse to resign.
Originally published on Fri January 10, 2014 6:28 pm
A New Jersey State Assembly committee released a trove of documents Friday that shed more light on the bridge lane-closure scandal that is embroiling Republican Gov. Chris Christie's administration. The panel is seeking details on what's seen as an act of political retribution, which targeted the Democratic mayor of Fort Lee, N.J. It obtained the documents under a subpoena.
Originally published on Thu January 9, 2014 5:19 pm
What New Jersey Gov. Chris Christie said Thursday may have mattered less than how long he took to say it.
With his presidential ambitions and, potentially, his governorship put at risk by a scandal over lane closures on the George Washington Bridge, the Republican Christie fielded dozens of questions from reporters during a midday news conference that lasted nearly two hours.
It’s been one month since State Comptroller Kevin Lembo announced the expansion of Open Connecticut -- an online source for state finances -- to include financial information for Connecticut’s quasi-public agencies and federal programs.
Established in 1965, the Connecticut Health and Educational Facilities Authority has earned its title as the oldest quasi-public agency in our state. Now, it’s one of eleven quasi-public entities in Connecticut, agencies like Connecticut Innovations, Inc.; the Connecticut Development Authority; the Connecticut Lottery Corporation; and the Connecticut Resources Recovery Authority -- to name a few.
Jury selection begins on Tuesday in the trial of Matthew Martoma, a manager for SAC Capital, who's accused of insider trading. It's the latest court action in an investigation of the Connecticut-based hedge fund that has lasted for several years.
Ever since news broke that a federal grand jury was looking into dealings between insurance broker Earl O'Garro and the city of Hartford, there's been a question: How well do O'Garro and city Treasurer Adam Cloud know each other? Now we have a few more answers.
In a press conference at the legislative office building in Hartford on Monday, U.S. Senator Richard Blumenthal called on energy drink companies to stop marketing their product to children through toys bearing the energy drink's logo.
Originally published on Fri December 13, 2013 3:18 pm
An anti-casino group wants a Massachusetts gaming commissioner to recuse himself from voting on a casino project in Springfield.
The chairman of Springfield’s anti-casino group, Citizens Against Casino Gaming says state gaming commissioner Bruce Stebbins should not vote on whether MGM can proceed with an $800 million casino project in downtown Springfield. Michael Kogut said Stebbins’ previous position with the city makes it impossible for him to be impartial
Originally published on Wed December 11, 2013 12:07 pm
A batch of internal documents recently leaked to The Guardian has revealed new insights into the goals and finances of the secretive group called ALEC. The American Legislative Exchange Council is a group that brings together state legislators and representatives of corporations. Together, they develop model bills that lawmakers introduce and try to pass in their state legislatures.
The court ruled that there was a enough evidence to convict Perez, but that the trial court judge made a procedural error that merits two new trials. Perez was convicted over three years ago on separate charges relating to bribery and extortion while he was mayor. A judge sentenced him to three years in prison.
Last month, the city of Hartford gave a series of documents to a federal grand jury looking into the business dealings of troubled insurance broker Earl O’Garro. Now, the city has released those documents publicly.
The line of people who want their money from Earl O'Garro continues to grow.
O'Garro is the man at the center of a federal grand jury investigation looking into $670,000 in missing taxpayer money. The city of Hartford paid him to pay its insurance bills, and he apparently never did.
Originally published on Sat November 23, 2013 6:07 pm
Former chemist Annie Dookhan began serving a 3-to-5 year sentence in a Massachusetts prison on Friday after pleading guilty to falsifying tests of drug evidence and helping to create one of the nation's largest drug lab scandals.
Massachusetts Attorney General Martha Coakley says the state is taking steps to improve forensic testing:
"It is certainly lessons learned," she says. "We hope that we've made changes in the system that will mean this unique case will not happen again in Massachusetts."
Originally published on Sat November 23, 2013 1:20 am
State and federal regulators have hailed Tuesday's $13 billion settlement with JPMorgan Chase & Co. over faulty mortgage assets it sold in the years leading up to the financial crisis as a big victory for the judicial system.
But like other big settlements to emerge from the financial crisis, the deal leaves unclear just what the bank did wrong.
Hartford city auditors have said that Treasurer Adam Cloud had an apparent conflict of interest when it came to his family's business relationship with a city insurance broker. But this isn't Cloud's first run-in with the ethics code.
We’re less than a year away from the 2014 midterm election, but we’re still wrapping up a major story from the last congressional election. One of the key figures in the Chris Donovan scandal involving illegal campaign contributions was sentenced on Monday.
Another chapter in the political scandal that derailed former House Speaker Chris Donovan’s congressional campaign has come to a close as one of the key figures in the case was sentenced earlier this week. Our weekly political news roundtable The Wheelhouse will discuss this and what the Obamacare delay means for Connecticut. And will Foxwoods get a casino in Massachusetts?
Originally published on Tue November 19, 2013 5:38 pm
In an agreement settling many U.S. claims over its sale of troubled mortgages, JPMorgan Chase will pay a record $13 billion, in a deal announced by the Justice Department Tuesday. The plan includes a $4 billion payment for consumer relief, along with a payment to investors of more than $6 billion and a large fine.
The latest updates on this story are at the bottom of this post. We've also added a few key points to the main post.
Originally published on Mon November 18, 2013 8:45 pm
JPMorgan Chase & Co. will pay $4 billion to consumers who were hurt by faulty mortgage underwriting, part of a larger $13 billion deal to settle the bank's liability in the collapse of toxic securities during the housing crisis.