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Former owner of Empire Towers pleads guilty in fraudulent bond scheme

The former owner of the Empire Towers, the prominent high-rise on Ritchie Highway in Glen Burnie, has pleaded guilty in U.S. District Court in Baltimore in a fraudulent $7 million bond scheme. Wilfred T. Azar, III, 53, formerly of Queenstown, pleaded guilty Wednesday to securities fraud and filing a false tax return. According to the plea agreement, Azar's company, Empire Corp., could no longer pay its expenses by January 2006 and was effectively insolvent, yet still sold bonds to more than 50 individual investors for more than $7 million. Prosecutors said Azar used the bond proceeds to buy a $100,000 Aston Martin, pay his mortgage, buy season tickets to the Ravens and pay his country club dues. Sentencing is set for Aug. 12.

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Hershey v. Hershey almost wrapped up

Hershey v. Hershey almost wrapped up

The end of the General Assembly's legislative session means some lawmakers will take a vacation while others will go back to their day jobs. For Sen. Stephen S. Hershey Jr., Sine Die means the Eastern Shore Republican will finally have a chance to end a trademark infringement lawsuit over his campaign signs.

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Ex-rehab center CEO pleads guilty to theft

The former CEO of a Baltimore substance rehab center, Baltimore Behavioral Health, pleaded guilty Tuesday to failing to pay more than $2.4 million in payroll taxes and stealing more than $53,000 from the center’s employee benefit plan, the U.S. Attorney’s ...

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In Cohen case, prosecutor goes to the tape

In Cohen case, prosecutor goes to the tape

Former insurance executive Jeffrey B. Cohen is facing charges of fraud, but a tape recording that has nothing to do with the current indictment may determine if he remains locked up or can go home while he awaits his trial.

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