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APPLETON — Employees of a cash advance store robbed last week called police Tuesday after they thought they saw the robber lurking outside.

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> SOUTHERN INDIANA
Two Shepherdsville, Ky., men being held in the Oldham County Jail have reportedly confessed to robberies at check-cashing stores in New Albany, Clarksville and Jeffersonville.

Oldham County Police Officer Mike Head said detectives from at least 11 police agencies have solved robbery cases after interviewing Luke Hasty, 30, and Solomon Evans Jr., 33, since their arrests on Saturday.

The men have been linked to more than 20 robberies during the last few months in Oldham, Jefferson, Bullitt, Hardin and Nelson counties in Kentucky in addition to the robberies in Indiana.

Two Advance America, Cash Advance centers were robbed in Clark County last month, the first at 1710 E. 10th St. in Jeffersonville on Dec. 13 and another at 656 Eastern Blvd. in Clarksville on Dec. 27.

Jeffersonville Police Department Detective Todd Hollis said they spoke to one of the suspects, while the other has legal counsel and denied access to him. He said both made statements to others from other agencies implicating themselves in the robbery. Reports have been forwarded to the Clark County Prosecutors Office to file charges.

The Check Into Cash Advance Center, at 2916 Grant Line Road in New Albany, was robbed Jan. 11. The Advance America at 2304 State Street in New Albany was robbed three days later.

During the Clarksville robbery, the suspect told workers at the payday loan company that he was sorry and he hoped they understood he had to feed his children. In the Jeffersonville robbery, the suspect also apologized to the employee and said he only was robbing them so he could have his heat turned back on.

New Albany Police Department Chief Todd Bailey said the two men have been charged with one count each of class B felony armed robbery. He said one is suspected of being involved in robbing one store, while the other allegedly robbed the other store.

We are pleased to have been able to identify and charge these two individuals, especially in light of how extraordinarily dangerous these situations are, he said.

Hasty and Evans were arrested in Kentucky after allegedly leading police on a high-speed pursuit with Evans two children ages 4 and 6 in their car, according to police. Head said police had responded to a report of a robbery at Coxs Smokers Outlet in Crestwood. Officers attempted to stop the suspects when they fled. No one was injured, and the children were returned to their mother.

The two are being held in the Oldham County Jail on $100,000 and charges, including endangering the welfare of a minor, wanton endangerment, criminal mischief, robbery and fleeing and evading.

Evans is a country singer-songwriter for the band, Sulcer Evans. According to his website, he is an unsigned artist but has performed gigs from Alabama to Michigan, including at numerous Louisville music festivals. He performed at a Jeffersonville pizza restaurant on Dec. 11.

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Authorities are asking the public to help them identify a man suspected of wielding a knife when he robbed two loan businesses in Harris County last month.

The most recent heist occurred at Allied Cash Advance at 4705 West FM 1960 about 12:45 pm Dec. 22., officials said.

Officials said the other robbery occurred at the EZ Loan at 13626 Veterans Memorial about 12 pm Dec. 28.

In both robberies, the man walked into the businesses, approached the counter, pulled out a knife and demanded cash. Then he left with an undisclosed about of money.

He is described as between 25 years old and 35 years old. Hes about 6 feet tall and weighs between 150 pounds and 170 pounds.

Anyone with information about the case is urged to contact Crime Stoppers at 713-222-8477 or on-line at www.crime-stoppers.org. Tips also can be sent by text message. Text TIP610 and tips to CRIMES (274637).

Crime Stoppers will pay up to $5,000 for information that leads to the mans identification, charging or arrest.

All tipsters remain anonymous.

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HOUSTONCrime Stoppers and investigators with the Harris County Sheriffs Office are asking for the publics help identifying a suspected serial robber.

Investigators say the suspect hit an Allied Cash Advance store in the 4700 block of West FM 1960 on December 22, and struck again at an EZ Loan store in the 13600 block of Veterans Memorial six days later.

In both incidents, investigators said the suspect entered the store, brandished a knife and demanded cash from the employee.

The suspect got away with an undisclosed amount of cash in both robberies.

Investigators believe the man is somewhere between 25 and 35 years old.

Hes about 6 feet tall and weighs 150-170 pounds.

Crime Stoppers will pay up to $5,000 for information called in to 713-222-8477 or submitted online at crime-stoppers.org that leads to the identification, charging or arrest of this suspect. Tips can also be sent by text message – text TIP610 plus your tip to CRIMES (274637). All tipsters remain anonymous.

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If there was a financial cable show about hoarders, Apple could be the subject. Or, at least that’s how a growing number of large investors view the Cupertino, Calif. company’s decision to amass a mountain of cash without issuing dividends. One portfolio manager likens the inaction to getting a cash advance on your 11 percent credit card and squirreling it away in a savings account earning 0.75 percent annually.

Who would ever do this in their personal lives? a Delaware portfolio manager asked the Wall Street Journal. With a pile of cash surpassing the GDP of two-thirds of the world’s nations, Apple’s decision to not issue investor dividends has been beyond the point of being rational for a while now, one analyst says,

Dissent is growing over the fruits of the company’s historic success, according to the WSJ, citing sources close to top Apple shareholders. One investment fund, which owns $700M in Apple stock, says the tech giant is destroying value and leaving money on the table by having such a large cash balance well below their cost of capital.

Bernstein Research analyst Toni Sacconaghi believes Apple this year could pay a 4 percent dividend, repurchase $20 billion in stock and still add $10 billion to its mountain of cash. Further, the Cupertino, Calif. firm could acquire Netflix for $15 billion and still have money to reward investors. So far, Apple has only spoken of unspecified strategic investments it is considering.

Another advantage of Apple could be attracting so-called value investors, who seek out undervalued stocks. Christopher Bonavico, who manages Delaware Investments, says Apple could be undervalued by as much as 30 percent. Value investors could both bring stability to Apple shares. Currently, no value investors have Apple in their portfolio.

As Apple prepares today to release its first quarter financial report for 2011, it might remember Microsoft, which also followed the same course, eventually offering a $32 billion dividend to investors in 2004. So-called stock-based compensation has perverted the balance sheets of companies such as Cisco and Apple, writes the WSJ.

[Wall Street Journal]

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Fort Dodge police are seeking a man who allegedly robbed Hometown Cash Advance, 2307 Fifth Ave. S. The robbery occurred just after 10 am Saturday.

The suspect is described as a black man between 20 and 30 years old, 5 1/2 feet tall and about 170 pounds. He was also reportedly wearing dark-colored pants, a black coat with the hood up, a black ski mask and gloves.

The man entered the store, demanded money and left with an undisclosed amount of cash, according to a press release from the Fort Dodge Police Department. No weapon was shown.

Officials said they are confident there were numerous witnesses in the area who probably saw the suspect because of the busy area and time of day.

Customers or employees in the area may have seen him prior to, during or shortly after the incident – either on foot or getting into a nearby vehicle, the press release said.

The crime is still under investigation and no arrests were made Monday.

Anyone with information can call the police at 573-1426 or anonymously by calling Webster County Crime Stoppers at 573-1444, online at www.wccrimestoppers.com or by texting LEC and the tip to CRIMES (274637).

Contact Amber Williams at 573-2141 or awilliams@messengernews.net

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When the McCourts bought the Dodgers in 2004, they were approved unanimously by their fellow owners. The reason was simple: MLB wanted cheap owners in a major market to help keep player salaries down (imagine an owner that spends like the Yanks or Mets in LA). The McCourts fit that bill perfectly; they did not have enough money to purchase the franchise, so they had to use Franks parking lot in Boston as collateral for the loan. Naturally, one of their first items of business was to fire at least one employee per department throughout the franchise.

Seven years later, not much has changed. Frank and Jamie McCourt raised prices for tickets, concessions, and parking almost every single year despite not increasing the payroll correspondingly. We found out they kept team revenue to finance their personal lifestyle instead of reinvesting in the product on the field, that they paid employees hundreds of thousands from charities, and well, we could go on and on and on. The latest charge is the most laughable since the Vladimir Shpunt story.

The LA Times reports that FOX advanced McCourt money to continue financing the team. Frank is trying to maintain ownership of the Dodgers despite divorcing his wife, Jamie. Many figured the team would have to be sold in order for the financial terms of the divorce to be settled, but it appears as if Frank is trying to work his way around things.

This is one of the most embarrassing tenures for an ownership group and the fans deserve much better. MLB should force a sale of the Dodgers to restore order, and most importantly, respect. When the fans are booing the owner, its time for a change. And if Frank is really that desperate for money, I think I can find five bucks in my pocket for him.

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Ever since Frank McCourts heavily-leveraged purchase of the Los Angeles Dodgers in 2004, there have been concerns about his financial wherewithal. The high-profile and very public divorce trial with his wife Jamie has done nothing to calm those fears. Those concerns became heightened Friday, when it was reported that McCourt had money advanced to him from Fox to cover current operating expenses, per Bill Shaikin of the Los Angeles Times:

The Dodgers had projected revenue of $279 million last year and $287 million this year, according to court documents. Fox owes the Dodgers $35 million for television rights this year, $37 million next year and $39 million in 2013, according to the documents.

On one hand, borrowing money is something businesses do all the time, so this could just be no big deal. But considering that player salaries are paid during the six-month baseball season, the idea that current operating expenses are too much for McCourt to handle is troublesome. If January operating expenses, which dont include player salaries (well, except for a $300,000 deferred signing bonus to Jamey Carroll), are too high for Frank, how will he be able to make ends meet during the season?

The Dodgers payroll in 2011 is currently estimated at $109 million. Whether this cash advance will pose a problem going forward for the Dodgers remains to be seen. Dodger fans will just have to wait and see.

For more Dodgers news and information, be sure to read True Blue LA.

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Kabbage, which runs a service that helps eBay sellers pick up a quick cash advance, announced today that it has raised $6.65 million in its first round of funding.

The online service lets an eBay seller type in his or her eBay user name, and then checks how long the seller has been active and what kind of trading activity the seller has. If the seller passes a certain threshold, based on how long and how many trades he or she has, then they qualify for a quick-fire capital advance ranging from a few thousand dollars to $12,000.

Sellers have to have a minimum amount of transaction volume and have to have been selling for a minimum period of time, and the size of the capital advance scales to what kind of trading activity they have.

The sellers still have to jump through a few hoops like a quick background check. But the whole process takes around 8 minutes, from typing in an eBay name to getting cash in a PayPal account, said Robert Frohwein, the company’s CEO. Kabbage then charges a fee equal to 6 to 16 percent of the capital advance, depending on how long it takes the seller to pay it back.

“Many of them are small businesses, and that kind of cash influx can help them get over some early walls or acquire a month or two months’ worth of inventory,” Frohwein said. “If they were to go into a bank and apply for working capital, they’d be looking at a 6 week process or so.”

The service is currently only available for eBay users. But Frohwein wants to expand to other e-commerce sites like Amazon and Etsy, an online marketplace where artists can sell their works. He wants to take the service to basically any web marketplace where anyone can start selling products. Frohwein wouldn’t get into specifics but said the first step outside of eBay would happen in the next 30 to 60 days – and the company would be tackling the marketplaces one at a time.

The new round of funding will largely be used to expand to other marketplaces and help improve the algorithms and technology that determine what kind of capital advance sellers should get from the service. Frohwein also wants to expand his marketing staff.

Kabbage raised $2 million from a seed funding round led by angel investors toward the end of 2009. This first institutional round of funding, led by BlueRun Ventures and UPS Strategic Enterprise Fund, brings the company’s total funding to $8.65 million.

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Fox advances Frank McCourt money to help cover Dodgers operating expenses

An individual close to the situation declined to say how much money had been advanced. It is unclear whether the cash advance indicates the Dodgers are in immediate financial trouble.

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