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Author Archives: The Associated Press

AG Herring sues major banks for $1.1B

(AP) Virginia Attorney General Mark Herring is suing some of the world’s largest banks for $1.15 billion in damages related to the housing market crash, saying the financial institutions fraudulently sold risky mortgage-backed securities to the state’s public pension system. “The ...

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US judge rules against ex-Richmond developer

(AP) A former Richmond developer who fraudulently obtained historic tax credits faces a longer prison term than originally expected after prosecutors presented evidence Tuesday that he may have hidden about $2.5 million, perhaps by burying it in a homemade safe ...

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Next for McDonnells: sentencing, appeal

(AP) Prosecutors and defense attorneys aren’t through fighting over the fate of former Gov. Bob McDonnell and his wife, Maureen. Now that the verdicts are in — guilty on 11 public corruption counts for him, nine for her — attention ...

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