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Conman-turned-pastor convicted of cheating church PDF  | Print |  E-mail
Written by Associated Press   
Thursday, 23 January 2014 07:18

SAN DIEGO (AP) — A man who went from teenage millionaire to convicted con artist to professional fraud fighter and pastor was convicted Wednesday of cheating his San Diego church congregation out of some $3 million.

Barry Minkow pleaded guilty to embezzling funds from the San Diego Community Bible Church, a U.S. attorney's statement said. He was already serving a five-year sentence for a securities fraud conviction in Florida and could get five additional years when he is sentenced for the new conviction April 7.

Under the plea, Minkow admitted that he opened unauthorized church bank accounts, forged signatures on checks and used member donations for personal benefit.

"Barry Minkow is again convicted of fraud, this time for stealing money from the parishioners of San Diego Community Bible Church," U.S. Attorney Laura Duffy said. "We stand vigilant against those who cheat and steal without regard to the consequences wrought on their victims and their communities."

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Detroit creditors want role in considering art PDF  | Print |  E-mail
Written by Associated Press   
Wednesday, 22 January 2014 13:10

DETROIT (AP) — A judge overseeing Detroit's bankruptcy has heard arguments from creditors who want a role in deciding what to do with the city's valuable art collection.

Judge Steven Rhodes says he'll make a decision Wednesday afternoon. But his comments suggest he's not in favor.

Creditors filed a request two months ago to have a say in the appraisal of art and any potential way to make money from it. But since then, a coalition of foundations has pledged to give more than $300 million to prevent any sale and shore up Detroit pensions. Separately, Gov. Rick Snyder has talked to state lawmakers about the state chipping in.

Christie's auction house appraised about 2,800 paintings, sculptures, pottery and other city-owned art. They're valued between $454 million and $867 million.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
Canadian company starts Keystone pipeline in Texas PDF  | Print |  E-mail
Written by RAMIT PLUSHNICK-MASTI, Associated Press   
Wednesday, 22 January 2014 13:14

HOUSTON (AP) — A Canadian company on Wednesday started delivering oil through the Texas portion of a proposed cross-border pipeline that has stirred controversy and tension between the United States and its northern neighbor.

TransCanada said in a statement on its website that it is delivering oil through the Gulf Coast portion of its proposed Keystone XL pipeline, from a hub in Cushing, Okla., to Houston-area refineries.

The longer, $7 billion Keystone XL, which would transport heavy tar sands crude from Canada and oil from North Dakota's Bakken shale, requires a permit from President Barack Obama because it crosses an international border. That segment has not yet been approved. Obama fast-tracked the shorter, southern portion of the pipeline with the hope of relieving a bottleneck in Oklahoma.

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EU ups emission limits, relaxes renewables target PDF  | Print |  E-mail
Written by Associated Press   
Wednesday, 22 January 2014 07:50

BRUSSELS (AP) — The European Commission is proposing tougher binding targets to limit greenhouse gas emissions but is shying away from more ambitious mandatory renewable energy goals in its fight against climate change.

The commission, the 28-nation bloc's executive arm, is calling for greenhouse gas emissions to be reduced by 40 percent by 2030 compared with 1990 levels, revised upward from its existing 2020 target of a 20 percent reduction.

But to the dismay of Germany, pro-environmentalist groups and others, it is not proposing tougher binding renewable energy targets for each nation, but only introduces a less ambitious pan-European goal of 27 percent by 2030.

Wednesday's commission proposal will shape the EU's energy and climate action policies over the coming years. The proposal still needs approval from EU governments and the European Parliament.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 
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