December 6, 2013
As lawmakers grilled Maryland's health secretary last week on why the state's troubled health exchange was still broken, the official in charge of it was on vacation in the Cayman Islands. Rebecca Pearce, executive director of the Maryland Health Benefit Exchange, took a seven-day trip to the Caribbean isle with her family and could not be reached by phone, email or text, officials confirmed Friday. She was away while lawmakers in Annapolis were pressing for answers on why the $70 million online insurance marketplace was beset by technical glitches two months after it launched and why enrollment continued to lag far behind other states.
July 31, 1997
John Furze,55, a businessman who helped transform the Cayman Islands into a premier offshore banking center, died July 21 in George Town, Cayman Islands, of complications from heart surgery.Raymond "Jak" Jackson,70, the combative newspaper cartoonist known simply as "Jak" during more than 30 years of entertaining -- and occasionally outraging -- Londoners, died Sunday inLondon after surgery following a heart attack.Leo Loudenslager,53, who won the U.S. National Aerobatic Championships an unmatched seven consecutive times, died Monday in Nashville from injures he suffered in a June 28 motorcycle accident.
March 15, 2012
Annie Linskey 's recent article regarding Maryland tax revenue estimates ("State reduces estimates of 2 years' tax receipts," March 8) failed to identify a major problem draining our state of revenue - corporate tax loopholes. When large corporations abuse loopholes and skirt paying the taxes they otherwise would owe, small and mid-sized businesses are forced to shoulder the burden of higher taxes or deal with a decline in the public infrastructure and services that help businesses thrive.
August 19, 1991
* Agnes: June 19-29, 1972; Florida to New York; 118 dead; $4.7 billion damage.* Fifi: Sept. 19-20, 1974; Honduras; 2,000 dead.Eloise: Sept. 13-27, 1975; Caribbean and northeastern United States; 71 dead.David: Aug. 30 to Sept. 13, 1979; Dominican Republic, Dominica and Florida, 1,200 dead. Frederic, Bahamas, Alabama and Mississippi; seven dead; $2.5 billion damage.* Allen: Aug. 4-11, 1980; Caribbean and Texas; 272 dead.* Juan: Oct. 26 to Nov. 6, 1985; Southeast U.S.; 97 dead.Gilbert: Sept.
September 27, 2001
A man under federal indictment for arson and mail fraud in an alleged property flipping scheme in Baltimore was charged yesterday with money laundering, and prosecutors say they expect him to plead guilty. Scott Dunning Mead, who moved to Montana from Maryland months before his indictment in June, laundered more than $300,000 from his flipping activities through a Cayman Islands bank, prosecutors alleged in a criminal information filed yesterday in U.S. District Court. Some money was sent back to the United States to finance Mead's real estate activities and to purchase a Montana condominium, the information said.
February 8, 2002
A man who flipped dozens of Baltimore houses, often using aliases, and then laundered hundreds of thousands of dollars in illicit profits through Cayman Islands bank accounts was sentenced yesterday to 64 months in federal prison. Scott Dunning Mead, 31, pleaded guilty in October to money laundering and conspiracy to commit arson and admitted that he had cheated mortgage lenders out of more than $1 million with his flipping scheme. The arson charge involved a Southwest Baltimore rowhouse that Mead arranged to have burned in hopes of collecting insurance after he learned that he could not flip it. As part of his plea deal, Mead helped the government recover $187,856.