Audit finds questionable use of school credit cards –

Posted by administrator | 04/01/13 | Tagged Credit Card

Audit finds questionable use of school credit cards –
News from including pizza charges – New York Post:

More than 70 percent of credit- card purchases made by schools were not documented or bid out properly — or weren’t for justifiable expenses, an audit found.

The review of five schools and their oversight offices found a host of questionable charges — including $ 775 for five Kindle e-readers from Amazon, $ 679 from Target for sofa beds and more than $ 500 for pizza and Pepsi from a Bronx pizzeria.

The audit looked at only $ 133,000 out of the $ 17.2 million in credit-card purchases by schools in fiscal 2011 and was the latest in a string of investigations that found poor oversight by the Department of Education.

Tomas E. Gaston

Bronx pizzeria

“Greater care and discretion in the use of [credit] cards is in order before outright waste and abuse ensues,” said city Comptroller John Liu.

Liu’s office made 13 recommendations for tightening credit-card oversight.

A DOE spokeswoman said the agency had “implemented most of the comptroller’s recommendations prior to the audit.”

…………… continues on including pizza charges – New York Post
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Related News:

Cash only at the Vatican: Credit card ban in Holy See after city-state falls …
News from Daily Mail:

  • Vatican falls foul of anti-money laundering safeguards
  • Bank of Italy pulled authorisation earlier this week
  • City-state authorities say they are ‘scrambling’ to solve the problem

By Sam Webb

|

Anyone heading to the Vatican had better pray they have enough cash with them after a move to block credit card payments.

The city-state can only take notes and coins for museum tickets and other services after Italy’s central blanks stopped electronic payments.

That is because Deutsche Bank Italia – which until now provided the service – has ruled that the Vatican does not fully comply with EU safeguards against money laundering.

As a result Italian banks are not authorised to operate within the Vatican, which is trying to improve methods to battle laundering.

Card rejected: Ben Kiniry, of Texas, gets cash from an ATM mach…………… continues on Daily Mail

… Read the full article


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Tyga’s Accountant Sues for Credit Card Debt

Posted by administrator | 04/01/13 | Tagged Credit Card Debt

Tyga’s Accountant Sues for Credit Card Debt
News from Eurweb.com:

Tyga’s Accountant Sues for Credit Card Debt | EURweb

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Related News:

5 Ways to Get Out of Debt: Which Will Work for You?
News from Huffington Post:

By Gerri Detweiler

You’ve set your goal to get out of debt. Now you have to figure out how to achieve that goal. But with so many different experts touting different solutions, how do you pick the one that will work for you? Here are five options:

DIY Debt Reduction

With the DIY approach, you make the minimum payments on all of your debts except the one you are targeting. There are two main variations on this strategy: the snowball method, and the avalanche approach. With the snowball method you pay off the account with the smallest balance first. With the avalanche approach, you pay off the credit card with the highest interest rate first. Either way, once the first debt is paid off, you apply the payment you were making to the next target debt, and so on until they are all gone.

DIY debt reduction may work for you if: You have a clear plan and are committed to sticking with it; you are able to stop taking on new credit card debt for the durat…………… continues on Huffington Post

… Read the full article


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