Monthly Archive for February, 2012

: February, 2012

Hamlet’s philosophy fails New Canaan man facing 10 years for tax evasion

The U.S. Attorney for the State of Connecticut announced Wednesday, New Canaanite Sherwood Schaub, 70, pleaded guilty to charges of evading taxes for a decade. One of the things Schaub, also known as

Derecktor’s New York yard files for bankruptcy

A little more than a month after its Connecticut yard filed for Chapter 11 Bankruptcy protection, Robert E. Derecktor’s New York shipyard filed a Chapter 11 case of its own on Monday. R.E. Derecktor

GE announces $100 million Arizona solar investment

GE continues to bet big on solar. GE said Wednesday it’s latest solar power deal is a $100 million investment in a 127-megawatt project that will be built in Arizona. GE Energy Financial Services

Shelton resident pleads guilty to $300,000 securities fraud

The U.S. Attorney’s office for the State of Connecticut said John H. Goldsmith, 57 of Shelton, pleaded guilty Monday in federal court to one count of securities fraud involving a $300,000 investment

People’s buys 56 Citizen’s branches for $3.25 million

People’s United agreed to buy the branches from the RBS-owned bank in an all cash transaction. The branches are  in Long Island and New York City as well as certain locations in New York state’s

Feds say former Latex CEO embezzled $1.7 M

The U.S.Attorney for Connecticut said Monday that Kevin Coleman, former CEO of mattress maker Latex International, pleaded guilty to charges of embezzlement and tax evasion. Coleman worked for the

Aquarion makes a $38 million deal

Aquarion Water Co. has cut a deal to buy United Water’s regulated business for $38 million. The deal is expected to close in the third quarter.

GE Foundation library grants intercepted by alleged embezzler

The Boston Globe revealed an alleged embezzler at a Mass. library intercepted $450,000 of GE Foundation matching grant donations. It’s a sad story about betrayal of trust at a library where retired GE

IRS says Connecticut residents owed $14 million from 2008

The Internal Revenue Service said Thursday it has about $14 million in tax refunds from tax returns that were never filed in 2008 and time is running out for collecting it. People owed money from 2008

Tangoe dances into Europe with ttMobiles acquisition

Orange-based Tangoe Inc. announced Thursday  it has acquired U.K.-based ttMobiles for an undisclosed amount, moving the Connecticut company solidly into the European market. This is Tangoe’s third