North Carolina defense contractor Philip A. Mearing was sentenced by a federal judge to five years in prison for defrauding the federal government of more than $15 million. Mearing, 48, send fraudulent payments from his company, Global Services Corp., to two straw companies run by co-conspirator Kenneth Bricker.
Bank of America Corp. has sued the U.S. government for $199.8 million, the amount the bank says it is owed on interest paid to the Internal Revenue Service. Charlotte-based BofA contends in its suit that the IRS erred on how it calculated interest on federal income tax overpayments and underpayments. The complaint covers remittances made […]
A new project is aiming to change how the Wake County government operates.
At a morning press conference at the Raleigh City Market, Steve Malik, owner of the North Carolina FC and spearhead of the MLS bid, unveiled renderings and a preferred site for a new multi-purpose entertainment stadium complex in downtown Raleigh. The facility is proposed for the grounds of the North Carolina state government complex, adjacent […]