Minister gives £1.2bn starter homes scheme green light

first_imgA scheme outlined a year ago while David Cameron was still in power that enables first time buyers to purchase discounted starter homes has been given the green light by housing minister Gavin Barwell (pictured).He told Sky News yesterday that up to 500 brownfield sites within 30 local authorities will create up to 30,000 new homes during the current parliament, funded via a £1.2 billion Starter Homes Land Fund.The sites will include several town centres and, the government says, will support wider regeneration and growth of local areas.Barwell says construction will “start quickly” and that planning permission for the sites will be streamlined, simplified and therefore much less expensive than for normal developments, enabling the properties to be sold ‘at least’ 20% below market value.The homes will only be available to first time buyers between 23 and 40 years old and the scheme only applies to properties selling for a maximum of £250,000 outside London and £450,000 within the capital.Each of the 30 local authorities (see list below) has been selected because, the government believes, they can implement the new scheme the fastest. Authorities must now identify potential brownfield sites working in partnership with the Home and Communities Agency.The scheme is also good news for smaller building companies, who are likely to be the main beneficiaries of this home-building push which in total will see 30,000 starter homes and a further 30,000 homes for the wider market built by 2020.“Today’s announcement may feel like a welcome start to the New Year but as always we need to see these plans put into swift action,” says Mark Hayward, Managing Director, National Association of Estate Agents.“The dream of home ownership is too far out of reach for thousands of aspiring first time buyers (FTBs), and the building of new homes on disused brownfield sites, as well as a 20% discount for buyers aged 23-40 will go some way to bridging this gap.”LIST OF PARTICIPATING AUTHORITIES* Blackburn with Darwen Council* Blackpool Council* Bristol City Council* Central Bedfordshire Council* Cheshire West and Chester Council* Chesterfield Borough Council* Chichester District Council* City of Lincoln* Ebbsfleet Development Corporation* Fareham Borough Council* Gloucester City Council* Greater Manchester Combined Authority (Bolton, Bury, Manchester, Oldham, Rochdale, Salford, Stockport, Tameside, Trafford, Wigan)* Lincolnshire County Council* Liverpool City Council (in association with Sefton, Knowsley, Halton, Wirral, St Helens)* Luton Borough Council* Mid Sussex District Council* Middlesbrough Council* North Somerset Council* Northumberland County Council* Pendle Borough Council* Plymouth City Council* Rotherham Metropolitan Council* Rushmoor Borough Council* Sheffield City Council* South Kestevan District Council* South Ribble Borough Council (iWorthing n association with Preston City Council and Lancashire County Council)* South Somerset District Council* Stoke–on–Trent City Council* West Somerset Council (in association with Taunton Deane Borough Council, Sedgemoor District Council)* Council Gavin Barwell MP Starter Homes January 3, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Land & New Homes » Minister gives £1.2bn starter homes scheme green light previous nextLand & New HomesMinister gives £1.2bn starter homes scheme green lightNew homes to be sold at a 20% discount to first time buyersNigel Lewis3rd January 20170651 Viewslast_img read more

Treasury is regretting Stamp Duty holiday now, claims leading expert

first_imgA leading housing expert has criticised the government’s Stamp Duty holiday as being an ‘unwise policy’ that the Chancellor of the Exchequer Rishi Sunak is likely to be regretting.Michael Ball, Professor of Urban and Property Economics at the Henley Business School at the University of Reading, told listeners of Radio 4’s You and Yours programme yesterday that the surge created by the policy is creating significant problems within the housing market, including major logjams in the sales.“It’s part of the reason why the Treasury may be thinking now that it wasn’t the brightest of ideas,” he said.“The holiday has also created two cliff edges – one at the beginning when it started and many people missed out, and another one on the 31st March.”Ball told listeners that he believes the market would have seen a rapid return to activity over the past six months without the Stamp Duty holiday, rendering it a pointless exercise.“Stamp Duty is a poor tax because it’s a duty on mobility and a blunt instrument if you try and use it to steer the housing market,” he said.“The Chancellor appears to believe he can second-guess the housing market, but that’s an almost impossible thing to achieve – I think they’ve made a serious mistake with this policy.”Asked to predict what will happen this year, Ball told presenter Winifred Robinson that he expects a rapid recovery in the city housing market as restrictions are lifted, but that the pandemic’s affect would be felt for several years to come.Listen to the programme.Professor Michael Ball stamp duty Winifred Robinson You and Yours January 26, 2021Nigel Lewis2 commentsDean Harding, Good Life Homes Sales & Lettings Good Life Homes Sales & Lettings 26th January 2021 at 11:13 amIt’s always seemed an unfair tax to me which asks buyers to pay tax from income they’ve already paid tax on. Additionally this usually means buyers having to borrow the money by adding it to their mortgage to pay the tax which seems grossly unfair.At the higher end of the market (say, £1 million plus) where people often have large capital deposits this not always be the case and stamp duty is less likely to be financed.Personally I’d support abolition of Stamp Duty for purchases below £500,000 with a gentle phased increase above.Log in to ReplyPaul Morris, Scoffield Stone Scoffield Stone 26th January 2021 at 9:00 amA headache that could have been avoided if the deadline had been based on sales agreed and not sales completed!Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Treasury is regretting Stamp Duty holiday now, claims leading expert previous nextRegulation & LawTreasury is regretting Stamp Duty holiday now, claims leading expertProfessor Michael Ball says policy is causing more problems than it solves as thousands scramble to complete by 31st March.Nigel Lewis26th January 20212 Comments100,975 Viewslast_img read more

Indiana Swimming & Diving Sweeps Top-25 Tri-Meet

first_imgIndiana Swimming & Diving Sweeps Top-25 Tri-MeetLEXINGTON, Ky. – The Indiana University men’s and women’s swimming and diving teams swept a tri-meet of top-25 ranked teams in Lexington, Ky. on Friday afternoon.The No. 1 Indiana men’s team defeated No. 13 Tennessee, 200-100, and beat No. 18 Kentucky, 195-105. The No. 12 Hoosier women’s team took down No. 11 Tennessee, 152-148, and No. 21 Kentucky, 169-131. With the victories, the IU men improve to 6-0 on the season, while the Hoosier women move to 4-2 on the year in dual meets.The Hoosier men started off on a high note, with the 200 medley relay team of Bob Glover, Ian Finnerty, Vini Lanza and Ali Khalafalla winning with a time of 1:27.99. The IU women took second place in the event, with the team of Ali Rockett, Lilly King, Gia Dalesandro and Gabriela Rajic touching in a time of 1:41.46.In the women’s 1000 freestyle, Stephanie Marchuk touched the wall first, winning with a time of 10:01.63. Freshman Cassie Jernberg was second in 10:04.25. Shelly Drozda was fifth with a mark of 10:13.72.For the men in the 1000 freestyle, Marwan Elkamash took second place with a time of 9:08.37, while Jackson Miller was right behind him in third in 9:14.56. Adam Destrampe was fourth overall with a mark of 9:16.56. Elkamash’s time ranks him as the seventh-fastest performer in the event in IU history.Blake Pieroni and Anze Tavcar went 1-2 for the Hoosiers in the 200 freestyle, with Pieroni winning with a NCAA B cut time of 1:37.48. Tavcar touched second with a mark of 1:38.32. For the IU women, Kennedy Goss won with a time of 1:48.63, while Marchuk touched the wall in fifth place with a time of 1:51.19.In the 100 backstroke, Glover won the event for the Hoosier men with a time of 48.83, while Rockett led the IU women’s effort, placing fifth with a mark of 56.04.King was back to her winning ways in the 100 breaststroke for the Indiana women, touching the wall in a NCAA B cut time of 1:02.13. For the Hoosier men, Finnerty placed second with a time of 55.59, while Levi Brock took fifth in 57.31.In the women’s 200 butterfly, Dalesandro led IU, taking second place with a time of 1:59.70, while Bailey Pressey was third in a time of 2:00.06. On the men’s side, Lanza took second with a NCAA B cut time of 1:45.98, while Max Irwin was fifth with a mark of 1:51.12.The Hoosiers showed their strength in the men’s 50 freestyle, with Khalafalla winning in a NCAA B cut time of 19.91. Tavcar was third with a time of 20.43, while Sam Lorentz placed fifth in 20.55. For the IU women, Rockett was fifth overall with a time of 24.16.In the men’s 1-meter dive, the Hoosiers were dominant. Michael Hixon took first with a score of 404.45, while James Connor was second with a total of 394.30. Joshua Arndt was third with 333.55, while Cody Coldren took sixth with a mark of 284.90. Hixon, Connor and Arndt all posted NCAA qualifying scores in the event.In the women’s 3-meter dive, Michal Bower won with a score of 342.15, while Jessica Parratto took second with a total of 293.80. Taylor Pamplin was fourth overall with a score of 266.35. Both Bower and Parratto notched NCAA qualifying scores with their marks.In the women’s 200 backstroke, Goss led IU, placing second with a NCAA B cut time of 1:57.63, while Rachel Matsumura took fifth in 1:59.64. On the men’s side, Glover was the runner-up with a mark of 1:47.48.Once again, the IU men’s sprinters overwhelmed the competition in the 100 freestyle, taking the top-three spots. Pieroni led the charge, touching first in a NCAA B cut time of 43.89. Tavcar was second in 44.30, while Khalafalla was third in 45.02.King, the reigning NCAA Champion in the event, won the 200 breaststroke with a NCAA B cut time of 2:14.25. For the men, freshman Jack Kucharczyk touched the wall second with a time of 2:04.62.Goss paced the Hoosier women in the 200 backstroke, placing second with a NCAA B cut time of 1:57.63, while Matsumura was fifth in 1:59.64. For the IU men in the 200 backstroke, Glover placed second overall in a time of 1:47.48.In the women’s 500 freestyle, Goss touched the wall first in a time of 4:50.59, while Marchuk was third with a mark of 4:51.07. Jernberg rounded out three Hoosiers in the top-five, placing fourth with a time of 4:58.07. On the men’s side, Elkamash continued his great meet, winning with a NCAA B cut time of 4:24.44. Miller was third overall with a mark of 4:28.11.The Hoosier men had three swimmers in the top-five of the 100 butterfly, with Lanza touching first with a NCAA B cut time of 48.07. Pieroni was third in 48.58, while Irwin placed fourth with a mark of 49.02. On the women’s side, Dalesandro led the way, coming in third with a time of 54.64.The Indiana divers were again dominant in the men’s 3-meter dive, with Connor winning with a score of 394.20. Arndt was third with a total of 372.75, while Hixon was fifth with a mark of 340.35. Coldren was sixth overall with a score of 327.30. All four IU divers recorded NCAA qualifying scores in the event.For the IU women divers on the 1-meter, Bower led the way in second place with a total of 287.00, while Parratto was third with 285.10. Pamplin was fourth overall with a mark of 278.25, as all three recorded NCAA qualifying scores.In the men’s 200 IM, Lanza took second place with a time of 1:49.67, while King highlighted the women’s effort in the event, placing third in a time of 2:03.35.The Hoosier men put an exclamation point on their day, as the 400 freestyle relay team of Khalafalla, Pieroni, Tavcar and Lorentz won with a time of 2:57.11.For the women, the 400 freestyle relay team of Rajic, Shelby Koontz, Holly Spears and Goss finished fourth with a time of 3:28.15.The Indiana men’s and women’s swimming and diving teams will be back in action on Friday, Nov. 11 when the teams host Michigan State for a dual meet at the Counsilman-Billingsley Aquatic Center. The meet is scheduled to start at 1:00 p.m. ET.Be sure to keep up with all the latest news on the Indiana men’s and women’s swimming and diving teams on social media – Twitter, Facebook and Instagram.FacebookTwitterCopy LinkEmailSharelast_img read more

Guidelines, restriction for fans, spectators of high school football

first_img (“IMG_9763_1” by Chad Routh, CC BY-SA 2.0) The Indiana High School Athletic Association has revealed COVID-19 guidelines for all schools that will participate in fall sports, including the restrictions on fans.The IHSAA says fans will be allowed to attend events this fall, but each set of bleachers will be capped at 50% capacity or 250 people, whichever comes first.Families will be able to sit together, but must be six feet away from another family.In the end though, the IHSAA says each school may still enforce its own stricter guidelines, if their county sees fit. For example, all three schools in Adams County announced Monday that the general public will not be allowed to attend events this fall. Only four family members of each high school senior on the team will be permitted.The IHSAA guidelines also mentioned that student-athletes who remain on the sidelines should wear a mask. If a school must cancel a contest because of coronavirus, it will not be considered a “forfeit” but rather a “no contest.”For guidelines designed specifically for an individual sport, the IHSAA is suggesting schools and teams following what the National Federation of State High School Associations (NFHS).You can read the IHSAA’s release at https://www.ihsaa.org/Portals/0/ihsaa/documents/health/COVID-19%20Resource%20Center.pdf. Pinterest By Network Indiana – August 6, 2020 0 459 Guidelines, restriction for fans, spectators of high school football Twitter WhatsApp IndianaLocalNews Facebook Google+ Pinterest Google+ Twitter Facebook WhatsApp Previous articleElkhart County to start the school year with online learning onlyNext articleFree backpack giveaway for families in need set for Saturday at The Tolson Center Network Indianalast_img read more

News story: Nuclear experts cause Big Bang at national science fair

first_imgWith over 70,000 visitors expected over the show’s four days – March 14 to 17 – the Big Bang Fair aims to show young people the opportunities related to science, technology, engineering and maths.Exhibiting in a dedicated ‘nuclear zone’, the Nuclear Decommissioning Authority (NDA) and Radioactive Waste Management (RWM) have teamed up to feature some of the latest technologies and opportunities from the nuclear sector.Visitors will also find out more about how we deal with our nuclear legacy, the latest science and technology that is being adopted and the role young people will play in the industry in the future.Visitors will get the chance to try out the cloud chamber, immerse themselves in a digital world of nuclear waste storage and decommissioning, play the banana radiation game and operate a robotic arm to fill up radioactive waste storage containers.There will also be competitions, quizzes and demonstrations, and pupils will have the chance to talk to nuclear experts about routes into the industry, careers and qualifications.The event, held at Birmingham’s NEC, will feature presentations, hands-on activities and demonstrations from around 200 exhibitors.Jacq Longrigg, Head of Skills at the NDA, said: Professor Cherry Tweed, RWM’s Chief Scientific Advisor, added: It is crucial that we promote the nuclear industry and all the opportunities it has to offer, so we can fill any future skills gaps and successfully deal with decommissioning and clean for years to come. Our team of scientists and engineers are really looking forward to stepping out of their day jobs and meeting the young people who might choose to follow them on our journey to help protect people and the environment. Big Bang Fair is one of the biggest science and engineering events of the year. We’re really keen to get involved with the event and see it as a great opportunity to engage with some of our future workers. Through our STEM-related activities, and expert advice on offer at Big Bang, we hope to inspire the next generation into nuclear careers. RWM, in a joint effort with the NDA, will showcase a variety of interactive exhibits, games, challenges, plus virtual reality video and animated GIFs, all of which will help bring nuclear science to life for the next generation of scientists.last_img read more

Press release: UK showcases climate change efforts at global summit

first_imgForeign and Commonwealth Office Minister Mark Field and the Foreign Secretary’s Special Representative for Climate Change Nick Bridge are attending the Global Climate Action Summit in San Francisco on 13-14 September 2018. Governments, businesses and civil society have come together to discuss efforts to reduce carbon emissions and to transition to low carbon economies.Throughout the summit, the UK has showcased a range of national and international commitments to tackle climate change, from driving the development of the zero emissions transport sector, to our support for small states and vulnerable communities to adapt to the impacts of climate change.The Powering Past Coal Alliance has also announced ten new members from across the US, Europe, and Australasia. Jointly initiated by the UK and Canada, the coalition of 74 governments, businesses, and other organisations is committed to ending the use of unabated coal power in support of the Paris Agreement.Minister Mark Field said: Follow the Foreign Office on Twitter @foreignoffice and Facebook We are delighted that ten new members have this week joined our international alliance to end the use of unabated coal power. Rapidly decreasing our dependency on coal is crucial to meeting our global Paris Agreement commitments. The UK has committed to ending unabated coal power generation by 2025 and we want to help other countries and organisations who share the same ambition. Email [email protected] Follow the Foreign Office on Instagram, YouTube and LinkedIn Follow Foreign Office Minister Mark Field on Twitter @MarkFieldUK Climate change is a global problem and one that needs to be tackled at every level, from international, to national and local governments, and with a huge role to play for businesses and individuals. The UK is looking beyond our strong record on climate action at home. We are working across the world to help reduce emissions and create a safer, more prosperous future for all people. We also want to help UK businesses capitalise on the growing investment opportunities as countries transition to clean, low carbon economies. For journalists Nick Bridge, the Foreign Secretary’s Special Representative for Climate Change said: Media enquiries Earlier this month, Minister Field attended the Pacific Islands Forum (3-6 September) where climate change was top of the agenda as an issue urgently facing small islands. The UK is one of the largest contributors of international climate finance and in the four years to 2020 will be giving developing countries over £5.5 billion to help them mitigate and adapt to the impacts of climate change.The visit also follows the UK-hosted international Zero Emissions Vehicle Summit (11-12 September) which brought together government and industry leaders to drive forward the development of the ultra low and zero vehicle emission market, in order to reduce emissions and improve air quality. In July, the Government set out its ambition for at least half of new cars to be ultra low emission by 2030. All new cars and vans will be effectively zero emission by 2040.The first ever Green Great Britain Week will be held from 15 October, designed to highlight the opportunities that clean growth offers and raise awareness of how business and the public can tackle climate change.Further informationlast_img read more

Harvard hosts Elizabeth Warren, Sheila Bair, and Mary Schapiro for event on gender and Wall Street reform

first_imgThe Project on Public Narrative at Harvard University will hold a free community-wide event on gender and Wall Street reform, featuring a roundtable-style discussion with Massachusetts Sen. Elizabeth Warren, former SEC Chairperson Mary Schapiro, and former FDIC Chairperson Sheila Bair.The event takes place five years after the trio was featured on the cover of Time Magazine – as “The New Sheriffs of Wall Street” – for their efforts to reform the U.S. financial system before and after the meltdown of 2008. Speakers will examine two decades of attempts to regulate this most powerful industry – long among the most male-dominated – through the narrative lens of gender dynamics. They will also discuss where we currently stand on the foremost issues in the aftermath of the recession, including the effectiveness of regulation and future of Dodd-Frank, growing inequality, and the struggle of women to command leadership roles in business and politics.Ron Suskind, Pulitzer Prize-winning journalist and bestselling author of “Confidence Men: Wall Street, Washington and the Education of a President” (2011), will be moderating. Suskind currently serves as the director of the Project on Public Narrative at Harvard and is a senior fellow at the Edmond J. Safra Center for Ethics.WHAT: The Women Sheriffs of Wall Street, a discussion with Sen. Elizabeth Warren, Sheila Bair, and Mary SchapiroWHERE: Memorial Church Sanctuary, Harvard University, 350 Massachusetts Ave, Cambridge, MA 02138WHEN: 10 a.m.-noon, May 4, 2015Register for this event here. If you are unable to go to the event you can watch it on Livestream. Read more information about the Project on Public Narrative.last_img read more

BP, ExxonMobil, Shell investors say ‘show me the money’

first_img FacebookTwitterLinkedInEmailPrint分享Wall Street Journal ($):Investors want just one thing from the world’s biggest oil companies: cold, hard cash. But it is becoming harder for the oil giants to deliver.Companies such as ExxonMobil Corp. (XOM), Royal Dutch Shell PLC (RDS) and BP have long used hefty and reliable dividends to keep investors on board in a sector that has volatile profits tied to commodity prices. The importance of the payments has only grown recently, as investors have become wary of the companies due to short-term concerns about oil overabundance, and long-term fears that climate change and electric vehicles cloud the future of fossil fuels.But as the companies throw money at investors through dividends and share buybacks to keep them from fleeing, the payouts have begun to strain their balance sheets.Exxon and France’s Total haven’t generated enough cash this year to cover new expenses and dividends, according to FactSet data and company disclosures. BP was able to cover its dividend, but the company’s debt levels rose relative to its market capitalization. Shell needed asset sales to help cover dividends and buybacks.Energy has been the worst-performing sector of the S&P 500 for more than a decade, and the third-quarter earnings have continued a lackluster streak that has lasted throughout the year.Exxon, which remains under pressure to return to its practice of buying back billions of dollars in shares annually, reported net income of $3.17 billion, down about 50% from the same period a year ago, but slightly better than what analysts had expected. Exxon increased its annual dividend in the first quarter, a step the company has taken for 37 years in a row.The company announced that it would begin production next month at its massive new megaproject in the South American nation of Guyana, earlier than an anticipated 2020 startup. Guyana is one of several areas where Exxon is investing new sums to boost growth and returns in the future.Chevron reported net income of $2.6 billion from July to September, down from $4 billion in the same period in 2018. The company increased share buybacks to $1.25 billion in the quarter.Shell’s U.S. shares fell 3.5% Thursday after the company warned that it might not finish buying back $25 billion in shares by 2020 as originally expected. BP’s U.S. shares fell by more than 3.3% Tuesday after BP reported a loss and failed to increase its dividend.Oil-and-gas companies now make up about 5% of the S&P 500 index, down from 14% a decade ago, according to Evercore ISI. Their middling recent returns limit their ability to step up shareholder payments that investors increasingly demand as a key step that would bring them back into the sector.“Eventually, oil demand is going to go down,” said Kevin Holt, a senior portfolio manager for Invesco Ltd., which has more than $1 trillion in assets under management. “With that question of terminal value, it’s even more important that companies ramp up the cash return. Why grow the business if we won’t need as much oil in 20 years?”More ($): Investors to Big Oil: Make It Rain BP, ExxonMobil, Shell investors say ‘show me the money’last_img read more

Levine seeks Florida Bar reinstatement

first_img November 15, 2005 Regular News Levine seeks Florida Bar reinstatement Pursuant to Bar Rule 3-7.10, Paul Anthony Levine has petitioned the Florida Supreme Court for Bar reinstatement from a rehabilitative suspension.This suspension was effective August 10, 2004, and was for a period of one year resulting from a felony conviction.Any persons having knowledge bearing upon Levine’s fitness or qualifications to resume the practice of law should contact William Mulligan, Bar Counsel, The Florida Bar, Suite M-100, 444 Brickell Ave., Miami 33131, telephone (305) 377-4445. Levine seeks Florida Bar reinstatementlast_img read more

Doctor Charged With Selling Painkiller Prescriptions

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Queens doctor has been indicted on charges that he sold painkiller prescriptions to patients, some of whom tried to pick up their pills from a Long Island pharmacy, federal authorities said.Dr. Gracia Mayard will be arraigned Friday at federal court in Central Islip on charges of distribution of a controlled substance and conspiracy to distribute oxycodone, a widely abused and highly addictive opioid.“I know that it is a big problem but what happens to the oxycodone after I write the prescription is not my concern,” the 61-year-old suspect allegedly told an investigator who questioned him, according to court documents. “It’s just like a person that sells guns, he cannot control what happens after he sells a gun.”Mayard is the latest in a string of local doctors who’ve been accused of prescribing oxycodone to patients in exchange for cash. Mayards allegedly didn’t examine—or in some cases, didn’t even meet—patients before writing them prescriptions. Some patients then resold the pills, authorities said.Drug Enforcement Administration agents teamed up with Nassau County and New York State police on a local task force to crack down on such doctors. They shared the credit for the latest bust.“Overdose deaths from prescription painkillers are now more frequent than those from heroin and cocaine combined – this is an epidemic,” said Loretta Lynch, U.S. Attorney for the Eastern District of New York. “Rather than follow his oath to ‘do no harm,’ Mayard prescribed hundreds of thousands of highly addictive pills with complete disregard for where they would end up or who would take them.”Mayard has been in custody since his arrest in March. He faces a sentence of up to 20 years in prison and a $1 million fine.last_img read more