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.