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Feds: CT post office official admits ‘multifaceted’ $1 million-plus scheme – Shelton Herald

Feds: CT post office official admits 'multifaceted' $1 million-plus schemeShelton HeraldA U.S. Postal Service facilities director in Connecticut has admitted he took bribes, committed fraud and falsified tax returns in a scheme that involved inflating construction costs and setting up a company to receive contracts. Federal officials said …Cheshire Man …

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Post office loses $354 million

WASHINGTON — The Postal Service lost $354 million over the last three months, and officials warned that mounting losses could lead to cash flow problems for the rest of the year, the agency said Friday. More: continued here

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