`stop Fraud Seminar' Scheduled For Today

Amy Repsher

Tuesday, December 08, 1998 &nbsp;&nbsp;&nbsp;&nbsp;Page: 9C 





AROUND TOWN &nbsp;&nbsp;&nbsp; 
 MAN FILES BANKRUPTCY OVER 2 BUSINESSES: A local businessman who was
convicted of tax fraud two years ago has filed bankruptcy petitions on behalf
of two of his businessesTriple T Trucking Inc. and Riverview Pre-cast and
Concrete, both with addresses of 4A Coxton Rd., Duryea, filed for Chapter 7
bankruptcy in U.S. Court of the Middle District of Pennsylvania. &nbsp;&nbsp;&nbsp; Mark Travelpiece, president of the companies, was convicted in 1996 of
theft of an estimated $78,900 in state sales and withholding taxes. &nbsp;&nbsp;&nbsp; 
 According to court documents, both of the companies have one to 15
creditors, less than $50,000 in assets, and $50,000 to $99,000 in liabilities. &nbsp;&nbsp;&nbsp; 
 Travelpiece also estimates that there will be no funds available for
distribution to unsecured creditors after exempt property is excluded and
administrative expenses paid. &nbsp;&nbsp;&nbsp; 
 So far, no claims have been filed and five creditors have been registered. &nbsp;&nbsp;&nbsp; 
 Dauphin County Judge Joseph H. Kleinfelter placed Travelpiece on seven
years' probation, fined him $7,900, and ordered him to perform 40 hours of
community service. Travelpiece previously paid the overdue taxes. &nbsp;&nbsp;&nbsp; 
 NATION &nbsp;&nbsp;&nbsp; 
 MINOR YEAR-2000 BUGS FOUND IN WINDOWS 98: Several minor Year 2000 bugs have
been found in Windows 98, one of the most heavily tested software products
ever, Microsoft said Monday. &nbsp;&nbsp;&nbsp; 
 None of the problems poses any risk of data loss or damage to computers,
and they are so obscure that most users would be unlikely ever to spot them,
said Don Jones, Microsoft product manager for Year 2000. &nbsp;&nbsp;&nbsp; 
 Microsoft posted a software update Monday on its Web site to correct the
problems. It previously issued corrections to Windows 98 to fix other bugs- or
"issues," as Microsoft prefers to call them. &nbsp;&nbsp;&nbsp; 
 Among the Y2K problems with Windows 98: &nbsp;&nbsp;&nbsp; 
 If a computer is started at the precise fraction of a second when the date
changes, the computer's system clock could display the wrong time or date. &nbsp;&nbsp;&nbsp; 
 A particular technique for resetting a date to Feb. 29 for a leap year
could result in Feb. 29 being displayed for other years. This is only a
display problem, meaning it cannot be applied to stored data. &nbsp;&nbsp;&nbsp; 
 LIZ CLAIBORNE ELIMINATING PERSONNEL, STORES: Faced with sagging sales and
profits, Liz Claiborne Inc. will eliminate about 400 jobs, close 30 retail
stores and try to improve its ailing business at department stores. &nbsp;&nbsp;&nbsp; 
 The women's clothing manufacturer said on Monday that the restructuring
will cost $13 million to $17 million and reduce its fourth-quarter earnings by
20 cents to 26 cents a share. But the New York-based company expects the
cutbacks to boost its profits in the future by lowering costs and improving
its productivity. &nbsp;&nbsp;&nbsp; 
 Wall Street, which has sold off Liz Claiborne stock in recent months,
cheered the news. The company's stock rose 81 cents to $31.62 in afternoon
trading on the New York Stock Exchange. &nbsp;&nbsp;&nbsp; 
 Liz Claiborne and other apparel manufacturers have suffered recently as
consumers turned away from department stores to shop instead at discount and
specialty clothing stores. The trend has forced many department store chains
to scale back inventory and offer more merchandise at discounted prices. &nbsp;&nbsp;&nbsp; 
 Moreover, clothing makers that specialize in career clothes have been hurt
by the growing move toward casual wear in the workplace. &nbsp;&nbsp;&nbsp; 
 NASDAQ CLIMBS TO RECORD HIGH: Stocks advanced strongly Monday as Microsoft
and a growing array of hot Internet companies rocketed the Nasdaq to a record
high. &nbsp;&nbsp;&nbsp; 
 At the close on Wall Street, the Dow Jones industrial average was up 54.33
at 9,070.47, according to preliminary figures. &nbsp;&nbsp;&nbsp; 
 The technology-heavy Nasdaq composite index rose 37.43 at 2,040.59, beating
the record of 2,016.44 set Nov. 27. The Nasdaq is up 29 percent for the year,
an increase twice as high as the Dow. &nbsp;&nbsp;&nbsp; 
 Microsoft increased after South Carolina withdrew from the antitrust suit
against the software maker. The defection from the group of 20 states that
sued Microsoft Corp. marks a victory for the Redmond, Wash.-based company. &nbsp;&nbsp;&nbsp; 
 Stocks se

Around Town 
Man Files Bankruptcy Over 2 Businesses: A Local Businessman Who Was Convicted 
Of Tax Fraud Two Years Ago Has Filed Bankruptcy Petitions On Behalf Of Two Of 
His Businesses.

Around Town Man Files Bankruptcy Over 2 Businesses: A Local Businessman Who Was Convicted Of Tax Fraud Two Years Ago Has Filed Bankruptcy Petitions On Behalf Of Two Of His Businesses.