Tuesday, July 1, 2008
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Gwinnett Daily Post
Former Home Depot worker enters guilty plea in kickback scheme
ATLANTA - Federal prosecutors said a former Home Depot employee has pleaded guilty to charges related to a kickback scheme.
Anthony Tesvich pleaded guilty in federal court in Atlanta on Monday to one count of conspiracy to commit wire fraud and three counts of tax evasion. The 42-year-old will be sentenced Sept. 2.
Prosecutors said Tesvich took millions of dollars in secret payoffs from Home Depot's vendors.
Wachovia quits offering risky loan
CHARLOTTE, N.C. - Beleaguered consumer bank Wachovia Corp. said Monday it will quit offering a mortgage payment option that allows borrowers to pay less each month than the bank charges in interest.