Ivy Industries, a Charlottesville-based wood-molding manufacturer, closed late last week. Former members of the company's senior management have been accused of participating in a check-kiting operation.
The company's former CEO, John C. Reid, admitted nearly two weeks ago to involvement in a check-kiting operation that robbed Albemarle First Bank of more than $2.4 million.
The company laid off 10 employees in Charlottesville as well as approximately 100 in its Beverly, W.Va. facility Friday.
Guaranty Bank repossessed the company's property and assets Friday.
The city has assessed the value of the company's real estate at nearly $4 million.
Read More
How Youngkin reshaped Virginia during his term
By Ford McCracken | 5 hours agoAfter nearly four years in office, here is an overview of how Youngkin changed Virginia.
Spanberger, Callsen and Laufer outline legislative priorities following election victories
By Brendon Bordwine | 21 hours agoAs the campaigns drew to a close following sweeping Democratic victories, attention now turns to how Gov.-elect Abigail Spanberger and Charlottesville-area Dels. Katrina Callsen and Amy Laufer will shape the future of Charlottesville in their upcoming terms, especially for students at the University.
UJC celebrates 70th anniversary, adjudicates 10 cases in case-heavy fall semester
By Grace Little | 21 hours agoThe University Judiciary Committee has adjudicated ten cases this semester and has 17 pending cases.
