Pooped these out, too:
"Brookline bank alleges firm committed fraud; Testing company accused of forging loan documents" by Deirdre Fernandes Globe Staff May 06, 2015
A Massachusetts environmental testing firm that did work for state and federal agencies has filed for bankruptcy protection after a Brookline bank alleged the firm committed fraud to obtain loans that it can’t pay back.
Spectrum Analytical Inc., of Agawam, owes a Rhode Island subsidiary of Brookline Bancorp Inc. $9 million, according to court documents. Spectrum filed for bankruptcy last week after a Rhode Island judge placed an outside attorney, or receiver, in charge of the company. The bank requested the receivership, citing concerns that the business overdrew its accounts and the owner would divert funds and assets for “improper purposes,” according to court documents.
Spectrum, which has been in business since 1990 and employs 150 people in Massachusetts and other states on the East Coast, is owned by Hanibal C. Tayeh of Westfield. According to court documents, the company allegedly exaggerated its international business dealings to get access to loans, faked documents, and siphoned money away from creditors to pay Tayeh and his family.
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Spectrum’s labs provide soil, water, and air analysis for private companies and government agencies. In the past three years, it has won $2.9 million in federal contracts primarily from the Environmental Protection Agency to conduct chemical and biological analysis, according to a government website.
Oh, no!
At issue in particular is a $17 million contract that Spectrum and its subsidiary, Hanibal Technology, purportedly had with a company in Saudi Arabia.
Karen Schwartzman, a spokeswoman for Brookline Bancorp, said the court documents speak for themselves and declined to comment on the allegations because it was now a legal matter. “The bank is well capitalized and maintains a healthy reserve,” she said. “A loss of this magnitude would have no material impact.”
At least the bank is $afe. It's that kind of environment now.
--more--"
Also see:
"A Springfield man who used a belt and a cellphone charger to beat a young girl and twisted her arm until it broke has been sentenced to up to seven years in prison. Carlos Rodriguez was also sentenced Monday to six years of probation after pleading guilty to charges including two counts of assault and battery with a dangerous weapon and assault and battery on a child with injury. Prosecutors said the abuse came to light in 2012 when the girl was found at a pharmacy suffering from injuries including a month-old broken arm. The child was described only as a preteen.
Police blamed an irresponsible baby sitter for the case of a 3-year-old girl found wandering the streets of Springfield in her pajamas, police said. The Republican newspaper reported that the toddler has been reunited with her mother after police found her in the city’s South End at about 2 a.m. Tuesday. Police said the girl somehow got away from the baby sitter. Authorities said the girl’s mother went away for the night and discovered her daughter was missing when she returned home early Tuesday. The mother called police. Officers say the girl was cold but otherwise unharmed."
Also see: Chinese company purchases Springfield site to build new Red and Orange line cars
Globe missed that stop, but added a few more.
Well, time to bag up this post for disposal.
Also see:
"A Springfield man who used a belt and a cellphone charger to beat a young girl and twisted her arm until it broke has been sentenced to up to seven years in prison. Carlos Rodriguez was also sentenced Monday to six years of probation after pleading guilty to charges including two counts of assault and battery with a dangerous weapon and assault and battery on a child with injury. Prosecutors said the abuse came to light in 2012 when the girl was found at a pharmacy suffering from injuries including a month-old broken arm. The child was described only as a preteen.
Police blamed an irresponsible baby sitter for the case of a 3-year-old girl found wandering the streets of Springfield in her pajamas, police said. The Republican newspaper reported that the toddler has been reunited with her mother after police found her in the city’s South End at about 2 a.m. Tuesday. Police said the girl somehow got away from the baby sitter. Authorities said the girl’s mother went away for the night and discovered her daughter was missing when she returned home early Tuesday. The mother called police. Officers say the girl was cold but otherwise unharmed."
Also see: Chinese company purchases Springfield site to build new Red and Orange line cars
Globe missed that stop, but added a few more.
Well, time to bag up this post for disposal.