Tax Reform in This Election Year: It's Not Likely
Which Credit Card Rewards Does the IRS Care About?Back in February, I wrote about one of the stranger elements of the Stanford Financial ponzi scheme scandal: PGA Tour star Vijay Singh was still wearing his Stanford Financial hat, as though nothing had happened.
It turns out he's still wearing it, and the New York Post explains why:
It turns out he's still wearing it, and the New York Post explains why:
Nope, the word is that Singh is just stubborn and -- here's a word you don't hear often these days -- loyal. And, oddly enough, I find that sort of refreshing even if the allegiance is to an alleged thief.
Singh's representatives say "Vijay is staying with the status quo until there is something more definitive re: Stanford." Hats off to him.
If the allegations are to be believed, Robert Allen Stanford ripped off his investors to the tune of $8 billion and managed to cheat the IRS out of its cut of his ill-gotten gains as well.
The court-appointed receiver charged with salvaging as much value as possible for Stanford Financial investors has taken draconian steps to cut the firm's costs: 1,000 workers -- equal to about 85% of Stanford's total headcount -- have been fired, effective immediately.
With Stanford Financial in limbo as regulators pounce and assets are frozen, at least two Major League Baseball stars are facing some serious financial problems.
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