The term pyramid scheme refers to a scam where a small group of early investors profits from contributions by a large group of people who join late. South Carolina investors might benefit from knowing how pyramid schemes work and what distinguishes them from Ponzi schemes.
The owner of Jackson's Southern Kitchen in South Carolina is facing charges of tax evasion related to underreporting income on sales tax returns. He is alleged to have omitted $2.7 million in sales, which means that he evaded paying $213,000 in sales taxes. A sign posted at the Sunset Boulevard establishment said that it was closed because of unforeseen circumstances and would reopen soon.
People in South Carolina might be interested in a trial that is currently pending in New York. The case involves a former federal employee who worked for the Centers for Medicare and Medicaid Services before leaving to work at firms through which he was a consultant for hedge funds.
It is about a five-hour drive southeast of Greenville to Sea Pines Resort. The Hilton Head Island playground is known for its golf course and beaches. The vacation spot has recently made headlines after accusing a former executive of embezzling $1.4 million over a dozen years.