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US Fidelis
11:54 am
Tue September 25, 2012

US Fidelis Co-Founder Gets Eight Years In Prison

Credit (St. Charles County Dept. of Corrections)
Former U.S. Fidelis owner Darain Atkinson has been sentenced to eight years in federal prison on fraud charges.
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The St. Charles County man who once helped run the largest seller of extended auto warranty contracts will spend eight years in federal prison for bilking customers out of millions of dollars.

Darain Atkinson pleaded guilty to conspiracy and tax charges in April. He was sentenced to the maximum of eight years today, and must also pay $4 million in restitution.

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3:27 pm
Mon September 10, 2012

Where the bailouts stand, in 1 graphic

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Lead in text: 
Planet Money breaks down the "how much they got" and "how much they've paid back" of the bailouts of the financial system and auto industry. Check it out via the link.
  • Source: Npr
  • | Via: Planet Money
It's been four years since the U.S. launched a massive bailout of the financial system and the auto industry. While much of the bailout money has been paid back, the government still owns large shares in companies such as AIG and GM, and has yet to recoup some $200 billion in bailouts.
Read More: http://www.npr.org
Auto parts tax break
5:28 pm
Wed April 25, 2012

Auto parts tax break endorsed by Mo. House

Credit (Marshall Griffin/St. Louis Public Radio)
Mo. Capitol
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The Missouri House has given first-round approval to legislation that would expand tax breaks for auto parts manufacturers.

Ford and General Motors already have access to the incentives.  State Rep. Chuck Gatschenberger (R, Lake St. Louis), the bill’s sponsor, says it would expand the benefit to smaller auto parts builders.

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