Muscle Shoals-based company fined $1.1 million for fraud
The U.S. District Court in Huntsville has entered a $1.1 million judgement against Negus Capital Inc. and its owner, Aaron B. Butler, for fraud. The court has ordered the company and its owner to pay $294,545 in restitution to defrauded customers and an $883,635 monetary penalty. In addition, NCI is permanently enjoined from trading in any Commodities Futures Trading Commission-regulated markets.
Alabama Senate postpones vote on lottery bill
The Alabama Senate debated a bill to establish a state lottery filed by Sen. Jim McClendon, R-Springville, but postponed a vote on the main bill that would establish a constitutional amendment that would give voters a chance to decide whether to establish a lottery.
North Alabama startups focus of new accelerator partnership
The national startup accelerator gener8tor and the MidCity Accelerator Foundation Inc. are joining forces for three annual “pre-accelerator” and one “gener8tor Accelerator Studio” program each year. The partnerships wants to provide entrepreneurs with tools to help their ventures succeed. – Made in Alabama
Bevill State will offer building operator certification
Using a $20,000 grant from the State of Alabama, Bevill State Community College is establishing a building operator certification program. Bevill State will be the only college in the state to offer the certification that trains people to manage and maintain equipment in commercial buildings. – Daily Mountain Eagle
Florida-based group buys two Birmingham-area apartment communities
Carter Multifamily, out of Tampa, Florida, has acquired Renaissance at Galleria and Chace Lake Villas. Chace Lake Villas, which includes 13.2 acres and 264 units, sold for $31.4 million. Renaissance at Galleria and its 244 units sold for $26.8 million. – Multifamily Biz
Two Alabama attorneys ranked among influential in music business
Two attorneys with Mobile ties are among Billboard’s Top Music Lawyers for 2021. Gabe Fleet, a Mobile attorney recently named iHeartMedia’s executive vice president of business affairs and chief music licensing counsel, and Mobile-raised Robert Windom, Apple’s chief counsel for content and services, are on the list. – AL.com
