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Securities and Exchange Commission

Business
Big Lots To Close Three Maryland Stores Big Lots To Close Three Maryland Stores
Big Lots To Close Three Maryland Stores Discount retail chain Big Lots is planning to close dozens of stores this year, according to a filing with the Securities and Exchange Commission (SEC). The retailer, which operates more than 1,400 stores nationwide - including 27 in Maryland - is planning to shutter the doors of approximately 40 locations.  The company cited rising costs and inflation as reasons for the move, and a bankruptcy filing could reportedly be on the way. None of Virginia's 42 Big Lots stores are among those listed. In Maryland, stores in Reisterstown, Laurel, and Lexington Park are reportedly among the doz…

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by Zak Failla
News
Maryland 'Pastor' Convicted For Targeting Religious Investors In $28 Million Ponzi Scheme Maryland 'Pastor' Convicted For Targeting Religious Investors In $28 Million Ponzi Scheme
Maryland 'Pastor' Convicted For Targeting Religious Investors In $28 Million Ponzi Scheme A Maryland man has been convicted of operating a $28 million Ponzi scheme that promised victims personal wealth and financial freedom, authorities announce. Arley Ray Johnson, 63, convinced victims to invest in the company "1st Million", by holding promotional events at upscale hotels and event spaces, attending church-sponsored events, intending to target investments from churchgoers, and representing themselves as religious men more interested in the financial freedom of others than personal financial gain, according to the Department of Justice. Johnson and co-defendants Dennis Mbongeni …

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by Annie DeVoe