Archive for March, 2010

Court Appointed PACE Bankruptcy Trustee, Edwin Allman III, has subpoenaed� for seven Pace accounts held by Platte Valley Bank of Platte City, Mo. It appears Allman is still trying to unravel who owns what and who owes what in the case of the imploded PACE Airlines. Allman states he considers the owners to be William Rodgers and Lee Booth although earlier reports said Rodgers had signed away his ownership.

If anyone is following the case and has taken the time to pull any public records please feel free to comment or upload anything you have.

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A nice collection of recent Flash Mobs found on YouTube.

A flash mob (or flashmob) is a large group of people who assemble suddenly in a public place, perform an unusual and pointless act for a brief time, then quickly disperse. The term flash mob is generally applied only to gatherings organized via telecommunications, social media, or viral emails.The term is generally not applied to events organized by public relations firms, protests, and publicity stunts.

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Ben & Jerry’s will be providing FREE Ice Cream to everyone on Tuesday from noon till 8 P.M.. They will be accepting donations at the three Triad locations for various local charities.

Contributions at the Shops at Friendly Center location will go to the Greensboro Children’s Museum. Donations made at the Palladium at Deep River store in High Point will go to the N.C. Shakespeare Festival. Contributions made at the Harper Hill Commons store in Winston-Salem will benefit the Children’s Museum of Winston-Salem.

Harper Hills

151 Vinegar Hill Road
Winston-Salem, NC 27104
Phone: 336-768-0511

The Shops at Friendly Center
Greensboro, NC 27410
336-856-2178

Palladium
5836 Samet Drive
High Point, NC 27265
336-841-2178

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U.S. Prosecutors claim Mexican drug cartels laundered hundreds or even billions of dollars through one of the largest banks in the United States. For four years, between May 2003 and May 2007, Wachovia Bank traded with Mexican exchange houses which served the laundering of drug trafficking groups.

The Justice Department claims that Wachovia traded well over $350 Billion with Mexican "casas de cambio” (currency- exchange houses) between 2004 and 2007. These exchange houses are used by “immigrants” to send money back to Latin American but prosecutors claim drug cartels also use these same facilities to laundry and transfer their own money. Prosecutors further claim Wachovia transferred over $4 Billion in bulk cash from foreign Latin exchanges to Wachovia accounts in the U.S.

Prosecutors claimed the Bank does not have proper controls in place to prevent the use of these money exchanges for illegal activity. The Lead Prosecutor in Miami U.S. Attorney Jeffrey H. Sloman actually stated Wachovia blatantly disregarded the banking laws:

"Wachovia’s blatant disregard for our banking laws gave international cocaine cartels a virtual carte blanche to finance their operations by laundering at least $110 million in drug proceeds. Corporate citizens, no matter how big or powerful, must be held accountable for their actions."

The $160 million fine represents the biggest penalty ever imposed under the Bank Secrecy Act, which requires financial institutions to carefully track transactions to detect suspicious activity. Wachovia has agreed to pay $110 million which constitutes the profits from these transactions and $50 million in fines while the actual prosecution has been delayed for 12 months while Wachovia meets it’s obligations under the settlement.

Scarface Tony Montana Cocaine

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Well today is the day Hanes Mall will start kicking the kids out after 6PM unless they are accompanied by an adult, or so they say. The interesting thing to watch for is how will this policy be applied because who is to say a 16 year old is 16 or an 18 year old is 18? Will mall security go around asking for I.D.’s and kick anyone out that doesn’t have one? Will teenagers with their disposable cash walk away in protest to the policy?

Multiple websites have shown up calling for a boycott or repeal of the policy and even if this doesn’t have traction is the negative publicity something any retail center want when times are as tough as these?

FaceBook – Boycotting Hanes Mall

Hanes Mall Petition Site

Of course neither site appears to have much traction so maybe it will be much to do about nothing as the saying goes. There is even less traffic on this within the Twitter crowd we one would expect to be abuzz if the younger crowd was upset about this so one might assume the number of “kids” Hanes Mall is ejecting is limited to a small group of teens.

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