GOVERNMENT & POLICE NEWS

Man Arrested for Pointing Gun at Girlfriend

Police charged Jermaine Nathan Burke with domestic violence.

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The V.I. Police Department has a theme song, "Don't Run, Don't Hide," written by local musicians Fusion Band for use in the government television channel documentary, "V.I. Cops."

 
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V.I. Small Business Week Honors Small Businesses

The Virgin Islands Small Business Development Center (VI SBDC) and the U.S. Small Business Administration will honor small businesses during Virgin Islands Small Business Week, which is scheduled to take place May 28-June 2.

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2012-05-17 18:31:51
Christensen CFO Bill Gets Committee Hearing

Delegate Donna Christensen's CFO legislation will be heard before a federal House subcommittee on Thursday.

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2012-05-17 01:14:48
VITEMA Holds 2012 All Hazards Preparedness Expo Territorywide

In a continuing effort to heighten awareness about the importance of being prepared, the Virgin Islands Territorial Emergency Management Agency will host the 2012 Annual All Hazards Preparedness Expoterritorywide, May 24 - 27.

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2012-05-17 00:55:42
Local news — St. Thomas
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Professional Fees Top $35 Million in One Part of Prosser Case Alone

Professional fees for one segment of the Prosser bankruptcy case have exceeded $35 million, and U.S. Bankruptcy Court Judge Judith Fitzgerald has started the process of appointing a fee auditor to help her manage costs.
It will be a complex business. Fitzgerald issued an order on March 9 indicating the need for such an individual; she invited the various participants to nominate candidates for the position.

The names will then go to the U.S. Trustee, an arm of the U.S. Justice Department, which will screen and evaluate the names submitted. After receiving the trustee's report, Fitzgerald will then make an appointment.
Fitzgerald will not, however, know which of the parties have nominated the candidates for the position.
The fees concerned are those paid to and through the managers of the bankrupt estates, one involving Prosser's former corporate interests, and the other his private interests.

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Legal fees paid by Prosser himself, and other members of his family, are not included in the $35 million (and have not been recorded in any court documents viewed by the Source). The $35 million also does not include the extensive fees paid by Prosser's creditors to their own lawyers.
The fees charged by the professionals working on Prosser's personal holdings are $2.84 million, while those for his one-time corporate holdings come to $32.8 million.
The Rural Telephone Financial Cooperative, the specialized, nonprofit bank in Virginia that lent Prosser and his corporations well over half a billion dollars, have, from time to time, advanced funds for the payment of some of these professional bills.

Other bills have been paid out of the proceeds of the sales of various properties once owned by Prosser and his corporations, and still others out of the ongoing profits of those entities.

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