A Dallas grand jury will soon begin deliberating on the case of a former minister and import-export company founder who allegedly defrauded religious investors, according to the Houston Chronicle. In the closing arguments made on Monday, prosecutors claimed that company CEO Greg Setser was operating a “ponzi scheme” to pay some investors early with the money of other investors. Defense attorneys have argued that Setser was misled by close associates. Others in the Setser family have pleaded guilty to securities fraud.
In July of 2000, Setser and his associates fraudulently offered and sold unregistered securities to people in evangelical Christian congregations by using the IPIC and the Home Recovery Network Inc. to raise more than 160 million.
Dallas-based Southwest Housing, the low income housing developer smack dab in the middle of the FBI's investigation of various Dallas City Council members for bribery and other politician-related charges, has apparently been plying its questionable trade in other places in Texas, according to former CBS 11 and current San Antonio Express-News reporter Todd Bensman, linked here and here.. (Tip of the hat to Tim Rogers over at the FrontBurner.)
An online poll over at the Dallas Business Journal seems to put to lie the contention that the business community is a big supporter of illegal immigration because of the economic benefits of cheap labor.
They ask "Should the federal government put more resources into enforcing laws against employers who hire illegal immigrants?" and as of this morning, it's running 86 percent "yes," 13 percent "no."
The UK Timesonline is reporting that current market conditions are similar to those existent on October 19, 1987 when the Dow Jones fell 22.6 percent. The date is known as “Black Monday”.
The Times mentions a report in Barclays Capital and compares the circumstances in 1987 to those happening today. Among the similarities are a “widening US current-account deficit, weak dollar, fears of rising inflation, a fading boom in American house prices, and the appointment of a new chairman of the Federal Reserve Board."
Fly on a major airliner this summer, and you may end up feeling like a sardine.
The use of smaller airplanes, logjams, and inconveniences like getting bumped to another flight are all in the forecast for summer air travel. According to the New York Times, planes will be close to an average of about 90 percent full this summer. Currently, they are about 80 percent full. Airline executives are attributing crowded flights to a number of high “load factors”, which are at an all-time high.
The number of “volunteers” aiding illegal aliens is expected to increase this summer, according to a Tucson news station. KVOA reports that faith based groups are signing people up to deliver humanitarian aid to illegal immigrants coming into the U.S. from Mexico. One group is even putting water tanks in areas frequented by illegal aliens.
Two shootings over the weekend kept Dallas Police busy. At about 6:30 a.m. officers responded to the 3000 Block of Lawnview and Military Parkway at Parkdale Park. Someone picking up cans found a body in a drainage ditch in the southern section of the park. The victim is a Latino male believed to be in his late 20s and had no identification on his person. The victim was shot once.
Three hours earlier officers responded to the 300 Block of West Corning Avenue on a shooting call. One Latino male was shot multiple times. He was taken to Methodist Central in critical condition. Assault detectives are investigating and obtaining information on the suspects.
How about let's finish out the weekend without anymore shootings?