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Editorial Results (free)

1. Digest -

Memphis Grizzlies Suffer 15th Consecutive Loss

The Grizzlies lost their 15th straight game, 119-110 at Chicago, on Wednesday, March 7.

The team has not won since defeating the Phoenix Suns at FedExForum on Jan. 29.

2. Business Owner Faces Prison for Not Paying Taxes -

A Germantown resident and business owner has been sentenced to one year in prison and ordered to pay more than $10 million in restitution for failing to pay employment taxes to the Internal Revenue Service.

3. Business Owner Faces Prison For Failure to Pay Taxes -

A Germantown resident and business owner has been sentenced to one year in prison and ordered to pay more than $10 million in restitution for failing to pay employment taxes to the Internal Revenue Service.

4. Local Business Owner Pleads Guilty to Tax Fraud -

A Germantown resident and business owner has pleaded guilty to one count of failing to pay over employment taxes to the Internal Revenue Service and faces sentencing July 22.

Larry Thornton, 66, the owner and chief executive of Software Earnings Inc. and First Touch Payment Solutions LLC, entered a plea agreement with the U.S. Justice Department’s Tax Division and U.S. Attorney’s Office of the Western District of Tennessee.

5. Germantown Business Owner Pleads Guilty to Tax Fraud -

A Germantown resident and business owner has pleaded guilty to one count of failing to pay over employment taxes to the Internal Revenue Service and faces sentencing July 22.

Larry Thornton, 66, the owner and chief executive of Software Earnings Inc. and First Touch Payment Solutions LLC, entered a plea agreement with the U.S. Justice Department’s Tax Division and U.S. Attorney’s Office of the Western District of Tennessee.

6. FDIC Plan Tests Limits of Leniency -

ANTIOCH, Calif. – When the Federal Deposit Insurance Corp. seized control of IndyMac Bancorp – the nation's 10th-largest mortgage lender by loan volume – the agency vowed to ease terms for many of its troubled borrowers. In doing so, the FDIC wanted to show the mortgage industry how it could slash home foreclosures by making decisions both sensible and humane.

7. PaperTrace Handles Businesses' Document Needs -

Patrick McGrail and his colleagues at Southeastern Asset Management needed help converting client files from paper to electronic images, and the proposition looked bleak. Facing the conversion of nearly 4 million pages of client file records dating back to the company's inception, they couldn't find a document imaging provider they felt comfortable outsourcing the work to.