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RICO suit, McKinsey In a decision last week, the Court of Appeals for the Second Circuit revived Jay Alix’s RICO suit against McKinsey regarding the latter’s conduct in securing a large piece of the high end bankruptcy consulting market (estates with assets worth over $1 billion). The Southern District of New York had previously ruled…

BEWARE OF USING MONEY FROM YOUR IRA OR 401(K) TO PAY DEBTS This can be a costly error. Using retirement funds to pay off debts can hurt you in numerous ways. The vast majority of retirement accounts are exempt. This means your creditors cannot get at them and you won’t lose them if you file…

Suffolk County is hiring over 700 cops. If you drive in Suffolk County, beware of the increase in police officers, that will be added to the police force soon. Suffolk County is set to dramatically boost its police ranks — including by potentially siphoning off cops from the NYPD. The county executive Steve Bellone announced…

How to Spot Student Loan Scams. Things you can do to protect yourself. “Enroll now and get your student loans forgiven!” “We can reduce your student loan payments!” “Don’t wait. Obama student loan forgiveness ends soon!” If you’re one of the 43 million people with student loan debt, you’ve likely received emails or seen ads…

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