Robert Davis Edelman

Former IRS Official’s Emails Lost, Backups Erased

Lois LernerThe IRS destroyed 422 tapes likely containing emails related to the 2013 targeting scandal eight months after the House Oversight and Government Reform Committee subpoenaed them according to Treasury Inspector General for Tax Administration (TIGTA) testimony Wednesday.

Colt Defense Files for Bankruptcy

Colt Defense LLC has filed for Chapter 11 bankruptcy, according to a June 15 press release. The iconic American arms producer’s restructuring will mitigate the large debt and a lost contract affecting the company for the past several years.