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The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
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California has the highest base sales tax rate, 7.25%. Including county and city sales taxes, the highest total sales tax as of September 1, 2013, was in Arab, Alabama, 13.50%. [ 2] Sales tax is calculated by multiplying the purchase price by the applicable tax rate. The seller collects it at the time of the sale.
In the past 12 months, 15.5% of them had spent a night in a shelter, 30.5% had previously been homeless, 25.4% were at risk of becoming homeless in the next two months, and 9.1% had been evicted in the past year. [95] Homeless people are prone to a much higher rate of visiting the emergency department due to mental health issues.