May 8, 2009 |
Orange County financier Danny Pang, accused of defrauding Taiwanese investors, used their money as a "personal piggy bank" that funded a luxury lifestyle, including a $35-million fleet of jets and million-dollar cruises and vacations, a court-appointed receiver said Thursday. In his first report since a federal judge temporarily put him in charge of Pang's assets, receiver Robert P.
January 30, 2008
Re "A house is more than an ATM," Opinion, Jan. 26 A few years ago, I discovered that my domicile was more than a household -- it was, and still is, a piggy bank in disguise. This happened when the mortgage industry began bombarding me with pitches encouraging me to crack open the bank. I'll admit I was naive enough to be taken in by this new financial scheme and used the ready cash to improve the property. Once hooked, I decided to purchase a better car and create an investment account.
June 20, 2004 |
Now that Iraqi insurgents have discovered precisely where to aim their body blows at oil export facilities, Iraq is going to need all the money it can find. So it seems a pity that in its final days, the U.S.-dominated Coalition Provision Authority has gone on a shopping spree, gaily spending the hoard of Iraqi cash it controls. Like everyone else in Iraq, the insurgents have long recognized that oil, almost the country's only revenue resource, is the key to power.
CALIFORNIA | LOCAL
April 10, 2003 |
Several Compton officials used municipal credit cards as their "personal piggy banks" to pay thousands of dollars for private expenses ranging from golf shoes to tooth repair, prosecutors told the Los Angeles County Grand Jury. Some of the officials also used the cards to charge taxpayers a second time for travel expenses that the city had already paid them for, according to newly released court documents.
May 10, 2002 |
From all appearances, the women nibbling bunny-shaped cookies and chatting about their children could have been gathered at a baby shower. But the table full of hand-knitted cotton sweaters and finely smocked dresses wasn't displaying newly bestowed gifts. These were samples of an exclusive European baby clothing line, Emma T., and the occasion was an invitation-only trunk show in the courtyard of Jamie Tisch's Better Things boutique in West Hollywood.
CALIFORNIA | LOCAL
December 15, 2001
Re "Taxpayer Going Down With Ship Project," Dec. 9: How is it that billionaire businessman Samuel Zell is able to walk away scot-free from hundreds of millions of dollars of debt and then gets to dump the debt on the taxpayers? There must be some way, somehow, for the government and/or banks to make him take responsibility for his overextended scheme. The debt of over $200 million is chump change for a guy like that. If there aren't legal means to make him pay up, then he should do the right thing and relieve his debt out of his piggy bank.