Have nothing to do with the [evil] things that people do, things that belong to the darkness. Instead, bring them out to the light... [For] when all things are brought out into the light, then their true nature is clearly revealed...

-Ephesians 5:11-13

Tag Archives: Filing

Remington Arms Declares Bankruptcy, Will Continue Operating Under Chapter 11

This article appeared online at TheNewAmerican.com on Monday, March 26, 2018:

Remington Arms

Remington Arms

Remington Arms filed for bankruptcy protection under Chapter 11 in Delaware  on Sunday evening. Directors of the 200-year-old company — America’s oldest gun maker — threw in the towel: “Directors have determined that it is advisable and in the best interests of the Company that the Company file … a Voluntary Petition … for Chapter 11 [bankruptcy].”

Observers blamed the president and Adam Lanza for the filing. Remington’s sales of its iconic shotguns, rifles, and pistols were increasing during the 2016 presidential election as American gun owners, fearing that anti-gun Hillary Clinton would assume the presidency in November, went on a buying spree. When Donald Trump won, those gun buyers not only breathed a sigh of relief, they ended the spree, leaving gun shops with vast inventories and gun manufacturers such as Remington with falling sales and revenues.

Others blamed Adam Lanza for using one of Remington’s products, its Bushmaster AR-15, to kill 20 youngsters in Newtown, Connecticut, in December 2012. They note that the families of those victims filed a class-action wrongful-death lawsuit against Remington two years later, which lawsuit is presently before the Connecticut Supreme Court.

Those much more familiar with Remington’s recent history are blaming the company itself

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Social Security Disability Fraudster Just Tip of the Iceberg

This article appeared online at TheNewAmerican.com on Tuesday, April 11, 2017: 

A former Kentucky attorney pleaded guilty on Monday to filing more than 1,700 fake disability applications under Social Security’s Supplemental Security Income (SSI) program. The complex scheme netted Eric Conn millions in kickbacks while costing SSI an estimated $550 million in phony benefits paid out to unsuspecting beneficiaries.

Conn’s plea bargain accused his co-conspirators, psychologist Alfred Adkins and Social Security Administrative Law Judge David Daugherty along with other unnamed individuals, of working with him in the scam. Conn claimed that the scheme was hatched originally by Daugherty.

The setup was simple:

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The Restoration of Liberty Begins with Budget Cuts

This article was published by The McAlvany Intelligence Advisor on Monday, February 27, 2017:

English: Anti-United States Internal Revenue S...

For proof, look what’s happened to the IRS. A combination of pique and outrage has caused Congress to cut the agency’s budget each year since 2010, except for a slight uptick last year. As a consequence, it now employs fewer than 80,000 people, down from 94,722 in 2010, with its enforcement arm suffering the most, losing 30 percent of its field agents.

The consequence was predictable.

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Good, Bad News From IRS: Audits Down Again; New Treasury Secretary Wants Larger Budget

This article appeared online at TheNewAmerican.com on Thursday, February 23, 2017: 

Logo of the Internal Revenue Service

Seven years ago the Internal Revenue Service (IRS) audited one out of every 90 individual income tax returns. Last year it was one out of every 119. This year it is expected to be just one out of every 143. And for those who don’t include a Schedule C or other special (i.e., tax shelter, farm income) forms, the audit rate drops even further: one out of every 330.

Even high-income earners (over $1 million a year) can breathe easier, at least for the moment. In 2015, the agency audited nearly 10 out of every 100 of those returns while this year it’ll only be able to audit

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IG Report on Social Security: Dead People Still Reporting Wages

This article appeared online at TheNewAmerican.com on Friday, January 6, 2017:

Seal of the United States Social Security Admi...

The latest report from the Office of the Inspector General (OIG) overseeing operations at the Social Security Administration has “identified 1,074 individuals who were at least age 85 in 2009, [who had] about $145 million in wages posted to their earnings record” over the next five years.

In addition inspectors identified another 7,949 people who had $57 million in wages posted to their Social Security accounts whom the agency knew were dead.

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California Retirement System Loses Big in Stockton Bankruptcy Ruling

This article first appeared at TheNewAmerican.com on Thursday, October 2, 2014:

On Tuesday, U.S. Bankruptcy Judge Christopher Klein surprised nearly everyone with his ruling that Stockton could cancel its contract with the California Public Employees Retirement System (CalPERS) as part of its plan for reorganization after filing for Chapter 9 bankruptcy two years ago. CalPERS immediately issued a statement claiming that Klein’s decision was not legally binding:

This ruling is not legally binding on any of the parties in the Stockton case or as precedent in any other bankruptcy proceeding and is unnecessary to the decision on confirmation of the city of Stockton’s plan of [reorganization].

CalPERS is certainly hoping so. It manages $300 billion of funds for municipal employees across the state and has been spearheading a drive to negate a similar decision by a bankruptcy judge in the Detroit bankruptcy case. These two similar rulings could open the door

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District Court Judge Rules New York City’s “stop and frisk” policy is unconstitutional

In District Court Judge Shira Scheindlin’s ruling in Floyd v. The City of New York on Monday, there was both good news and bad news. The good news is that Mayor Michael Bloomberg’s policy, with the enthusiastic cooperation of his police commissioner Ray Kelly, violates both the Fourth and the Fourteenth Amendments to the United States Constitution. The bad news is that,

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Securities Agency Sues Jon Corzine, former MF Global head, over theft of customer funds

The sanctions sought against Jon Corzine, the former head of MF Global, by the U.S. Commodity Futures Trading Commission (CFTC) in a lawsuit filed in U.S. Southern District Court in New York on June 27th should end Corzine’s career as a Wall Street manipulator and send him into

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Pew says most Americans don’t like “doing” their taxes

This borders on frivolous. The Pew Research Center asked 1,003 people what they thought about doing their taxes and predictably most of them (us) don’t like to. The reasons given are:

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Many of the articles on Light from the Right first appeared on either The New American or the McAlvany Intelligence Advisor.
Copyright © 2020 Bob Adelmann