Blackstone's James Expects More Deal Flow Amid Volatility
Chris James, Blackstone's head of tactical opportunities, discusses the outlook for deal flow amid heightened market volatility. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)
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Following reported suicide attempt, Augusta County businessman's sentencing rescheduled
This story discusses the possibility of suicide. If you or someone you know is struggling or in crisis, help is available. Call or text 988 or chat at Sentencing in a federal tax case for an Augusta County businessman convicted of defrauding the IRS is back on track after a reported suicide attempt last month likely derailed a trip to prison. Richard Moore, 47, of Fishersville, was indicted in December 2021 on multiple charges, but the government said he continued to bilk the IRS even after being indicted. Moore is the former vice president of Nexus Services Inc., a company that was once headquartered in Verona. Moore was supposed to be sentenced the morning of May 29 in United States District Court in Harrisonburg. But Moore didn't show after an online post that same day appeared to indicate he was preparing to commit suicide. Court records state he did not attend the hearing "due to a health-related matter." Sentencing has been rescheduled for July 21, online records show. In January, Moore pleaded guilty to two counts of tax fraud in federal court after failing to pay the IRS more than $3.1 million in trust fund taxes while he managed the finances at Nexus, where he was also once a part-owner. For numerous quarters, beginning around 2015 and through the first quarter of 2024, Moore withheld tax funds but did not pay them over to the IRS and did not file returns, according to the justice department. Nexus, hit with an $811 million judgement last year in a federal lawsuit that included Moore and his husband, Mike Donovan, provided bond securitization for immigrants held or released from U.S. Immigration and Customs Enforcement. More: Nexus owners accused of stealing $426,000 from brother of Florida school shooter In a sentencing memorandum filed by Trial Attorney William M. Montague of the Justice Department's Tax Division, it states he wants Moore behind bars for a decade. Montague said the cash that Moore did not turn over to the IRS was used, in part, to fund a lavish lifestyle that included a fleet of several sports sports cars, $322,000 for the band Fall Out Boy to perform at a birthday party, $1 million for a book by his husband that used a ghostwriter, and more than a half-million dollars for his wedding to Donovan. Montague said Moore went through more than $11 million the past decade or so to keep up his lavish lifestyle. Moore's attorney, Mario Williams, who is seeking a probationary sentence of five years, said his client was overwhelmed by his duties at Nexus. "In 2014, Nexus started to grow at a startling pace. Mr. Moore had no professional training or expertise and managing the financial affairs of the company quickly became more than he could handle," Williams said in his sentencing memorandum. "Simply put, he was way over his head. Allowing that Mr. Moore was ill-equipped to perform increasingly complex financial management is not to excuse him for failing to file returns and pay over tax trust funds in a consistent and lawful manner, but it does explain how the problem snowballed out of control." Court records show Moore remains free on bond. Moore is also facing charges in a $426,000 theft case in Augusta County, and will go on trial in September. More: Carilion Clinic Family Medicine in Weyers Cave is closing. What we know Brad Zinn is the cops, courts and breaking news reporter at The News Leader. Have a news tip? Or something that needs investigating? You can email reporter Brad Zinn (he/him) at bzinn@ You can also follow him on X (formerly Twitter). This article originally appeared on Staunton News Leader: Sentencing hearing set once again for Augusta County businessman
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13 minutes ago
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Auction of pope's house in Dolton extended, judge denies restraining order blocking village acquisition attempt
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Yahoo
14 minutes ago
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Watch live: Fed Chair Jerome Powell holds press conference after interest rate decision
Fed Chair Jerome Powell is speaking with reporters after the Federal Reserve's June 18 decision to hold interest rates steady, as expected. Investors and analysts are looking for any indications on the Fed's path for the rest of 2025. The meeting also featured the latest release of the Fed's "dot plot," a chart that shows each Fed official's prediction about the direction of the central bank's benchmark interest rate. This chart is updated quarterly, and the last version came out in March. The dot plot showed most officials still expect two rate cuts by the end of 2025. Powell is likely to add context to how economic uncertainty tied to President Trump's tariffs and the geopolitical conflict in the Middle East have affected the Fed's outlook. See more on the Fed's decision. Watch the press conference live above. Click here for in-depth analysis of the latest stock market news and events moving stock prices Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
