BUSINESS BRIEFLY.Byline: The Register-Guard NORTHWEST Probe of gas price gouging Noun 1. price gouging - pricing above the market price when no alternative retailer is available pricing - the evaluation of something in terms of its price yields just one case in Oregon SALEM - Attorney General Hardy Myers Hardy Myers (born October 25 1939 in Electric Mills, Mississippi) is a lawyer and Democratic politician currently serving his third term as attorney general of the state of Oregon, United States. said this week that his crackdown crack·down n. An act or example of forceful regulation, repression, or restraint: a crackdown on crime. Noun 1. on possible gasoline price gouging around the state since April has yielded just one case that was referred to investigators, suggesting it is a rare practice in Oregon. A Web-based gas price reporter that the attorney general's office launched in April encouraged consumers to assist the Oregon Department of Justice in monitoring prices. To date, the department has received 157 consumer reports of unusually high prices, but only one provided sufficient information to permit follow-up inquiries. In that case, investigators informed the gas retailer of possible violations of the Unfair Trade Practices Act, officials said. Pair plead guilty to bank scam (SCSI Configured AutoMatically) A subset of Plug and Play that allows SCSI IDs to be changed by software rather than by flipping switches or changing jumpers. Both the SCSI host adapter and peripheral must support SCAM. See SCSI. that may have cost millions PORTLAND - A man and woman have pleaded guilty to fraud in an offshore bank scam in Grenada that may have cost investors more than $125 million, federal prosecutors said. Robert Skirving and Rita Regale each pleaded guilty to one count of conspiracy to commit money laundering The process of taking the proceeds of criminal activity and making them appear legal. Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds. in a scam involving the First International Bank of Grenada and various subsidiaries. Both agreed in their pleas that the total funds laundered during the scheme exceeded $100 million, and that restitution In the context of Criminal Law, state programs under which an offender is required, as a condition of his or her sentence, to repay money or donate services to the victim or society; with respect to maritime law, the restoration of articles lost by jettison, done when the owed could exceed $125 million, prosecutors said Wednesday. Under his plea agreement, Skirving will receive eight years, while Regale's plea agreement calls for five to six years in prison. Skirving's sentencing is set for Oct. 2. - From Register-Guard and news service reports |
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