FDIC claims Keystone bank fraud tied to J Knox McConnell
FDIC filings in federal court allege First National Bank of Keystone insolvent by up to 288 million years before closure. The motion against Grant Thornton cites 2000 pages of exhibits and sworn affidavits showing McConnell knew of a large fraud and benefited from a due diligence scheme before his death on October 26, 1997.
MENTIONED IN THIS ARTICLE
Bluefield
Federal Deposit Insurance Corporation
First National Bank of Keystone
FDIC
Variety
Grant Thornton, LLP
J. Knox McConnell
Dow Dives Below 10000 As Global Slowdown Fans Fears
Wall Street slumped on a global growth worry with the Dow Jones average dropping under 10,000 for what looked like the worst week in over a decade. Analysts warn that weak earnings and a sluggish economy abroad, especially in Japan, threaten further declines.
MENTIONED IN THIS ARTICLE
EW York
Globe
Wall Street
U.S
401K fears fade as experts predict rebound
Jody Neal reports on 401K anxiety amid Wall Street turmoil. Local financial advisers urge calm, noting that markets typically recover after downturns and that retirement nest eggs can rebound as history suggests. Sam Hill, a local financial adviser, says a market rise often follows declines.
MENTIONED IN THIS ARTICLE
Sam Hill
Buchanan County man dies in mine accident
A 53 year old Buchanan County man, Johnny Adkins of Hurley, died when a roof collapsed at Basic Mining Corporation Mine No 2 in Dickenson County. He was conducting a pre shift examination and was reportedly operating a scoop when the collapse occurred. Investigators will interview workers as the joint probe proceeds. The fatality marks Virginia's first mining death of the year.
MENTIONED IN THIS ARTICLE
Haysi
Buchanan County
Virginia
Johnny Adkins
Hurley
Basic Mining Corporation
Dickenson County
Mike Abbott
Virginia Department of Mines, Minerals and Energy
Nora
Abbott
Adkins
Division of Mines
Department of Mines, Minerals and Energy
Mine Safety and Health Administration
Dickenson County Sheriff’s Department
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McConnell
Keystone
John Nelson
Shaun Brooks
East River
Dow
Europe
Asia
Gary Kaltbaum
First Union Securities
Japan
Kaltbaum
NYSE
Dow Jones
Jody Neal
The
Daily Telegraph
Luefield
Bluewell
Buddy Warden
Edwin L
Eddie’ Egleson
Roselawn
Egleson
West Virginia
Day
Abby
Prince of Wales
Prince Charles
Prince of Wales Trust
London
DJ Dee Kline
Charles Owens
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