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TODAYS TOP STORIES
Ponzi Sceme Bust
RALEIGH, N.C. (AP) -- Federal securities regulators have filed fraud charges and an emergency order to freeze the assets of a North Carolina company officials say operated a $600 million Ponzi scheme that is on the verge of collapse.
The action by the Securities and Exchange Commission Friday is intended to help investors recoup money and avoid devastating losses.
Online marketer Paul Burks of Lexington, N.C., is accused of raising money from more than 1 million customers through ZeekRewards.com, a website in operation less than 2 years.
ZeekRewards customers were offered ways to earn money through the site, including buying unregistered investment contracts that promised a share the company's profits through rewards points that could be traded for cash payouts.
Burks could not be reached for comment Friday and the website has been taken down.
Posted: Friday, August 17 2012, 11:27 PM CDT
IN OKLAHOMA NEWS
Oklahoma lawmakers applaud Altus AFB training unit
May 23, 2013 20:35 GMT
ALTUS, Okla. (AP) -- Southwestern Oklahoma lawmakers are applauding the selection of Altus Air Force Base as the first formal training unit for the Air Force's new KC-46 air refueling tanker.
Sen. Mike Schulz of Altus said Thursday that the training unit will be good for the region's economy. Schulz says the unit means new construction jobs and additional positions for maintenance and technical support.
Rep. Charles Ortega of Altus says the Altus base's selection is a positive reflection not only on the base, but on the community and the state.
The Air Force plans to buy 179 KC-46 aircraft in the first part of a three-step plan to replace existing refueling aircraft. The new aircraft will have more refueling capacity and will be more efficient.
OKLAHOMA HEADLINES
Oklahoma lawmakers applaud Altus AFB training unit
Thunderstorms slow Oklahoma tornado cleanup
Tornado watch in effect for parts of west Oklahoma
Okla. reopens emergency operations command center
Line of storms brings flash floods to OKC area
Okla. House gives final approval to tornado relief
Mourners remember girl, 9, killed in Okla. tornado
Motorists urged to avoid I-35 in Moore
NATIONAL HEADLINES
NH woman convicted of child porn gets 40 years
Lawyer: NY man at center of HIV scare not positive
US: Lock up ex-Michigan justice for bank fraud
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OKLAHOMA WEATHER
76°
From the FOX 25 First Forecast Center..
Good morning everyone...Not expecting organized severe weather but showers and t'storms from time to time could hamper tornado relief efforts. ...
Business News
Bernanke signals Fed to maintain stimulus efforts
WASHINGTON (AP) -- Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
Consumer Info
BC-US--Dow Record-Three Personal Stories, 1st Ld-Writethru,1173
Dow Record: Three tales of ups, downs and changes
AP Photo FX102, FX103
Eds: With BC-US--Dow Record. Adds photos.
By SCOTT MAYEROWITZ
AP Business Writer
NEW YORK (AP) -- When the Dow first crossed 14,000, investors were overjoyed. ...
Science/Tech News
IN THE NEWS: TEEN ONLINE FAREWELL SONG ATTRACTS MILLIONS OF VIEWS
LAKELAND, Minn. (AP) -- High school student Zach Sobiech (SOH'-bee-eck) says he wanted to be remembered as "a kid who went down fighting and didn't really lose."
Get This
SWINGERS CLUB LAWSUIT-VEGAS
LAS VEGAS (AP) -- David Cooper wants to bring a little more sin -- to Sin City.
IE6 Float Fix
