December 17, 2025 - 07:09

In a significant legal development, Lester Jones, the former senior vice president of finance for the Atlanta Hawks, has pleaded guilty to federal wire fraud. This plea comes after he was indicted in October for engaging in a scheme that involved years of concealed personal expenditures.
Jones admitted to misappropriating funds from the organization for his personal use, which included unauthorized transactions that went undetected for an extended period. The fraudulent activities not only breached the trust placed in him by the Hawks but also raised serious concerns regarding financial oversight within the organization.
As a result of his guilty plea, Jones now faces potential penalties that could include substantial fines and a lengthy prison sentence. This case serves as a stark reminder of the importance of ethical conduct in financial management, particularly within professional sports organizations where large sums of money are involved. The Hawks organization has since stated that they are committed to ensuring transparency and integrity in their financial operations moving forward.
August 15, 2026 - 04:54
Finance critic Peter Milobar leaving B.C. Conservative caucus to sit as Independent MLAPeter Milobar, the MLA for Kamloops-North Thompson, has officially left the B.C. Conservative caucus. He will now sit as an Independent member of the legislature. Milobar says the decision comes...
August 14, 2026 - 04:46
Capricor Therapeutics Reports Second Quarter 2026 Financial Results and Provides Corporate UpdateCapricor Therapeutics has released its financial results for the second quarter of 2026 and provided a broader update on its corporate activities. The company is focused on developing cell and...
August 13, 2026 - 08:10
Willamette Week: Candidate's plan for Multnomah County raises campaign finance questionsThe race for Multnomah County chair is tightening, with three candidates now vying for the top job. Among them, former county commissioner Sharon Meieran has put forward an unusually detailed plan...
August 12, 2026 - 21:51
New York State Department of Financial Services Announces $15.5 Million Multi-state Settlement with Mortgage ServicerThe New York State Department of Financial Services has announced a major multi-state settlement with a large mortgage servicer, resolving claims that the company improperly charged borrowers for...