Mayor Says $15 Million Mysteriously Stolen from Lakewood School District Account
LAKEWOOD, NJ — A $15 million theft from the Lakewood school district’s operating accounts over the weekend has prompted an active investigation, officials confirmed Wednesday. Mayor Raymond G. Coles acknowledged the financial…
Demand issues account for one-third of U.S. inflation spike – SF Fed
By Lindsay Dunsmuir (Reuters) – Only about one third of the current bout of high inflation in the United States is demand driven, according to research published by the San Francisco Federal…
Ukraine receives first funds through IMF account, PM says
KYIV -Ukraine has received a loan of one billion Canadian dollars ($770 million) on concessional terms, its first funds through an “administered account” set up by the International Monetary Fund, Prime Minister…
Republican senator says Fed has revoked master account for controversial fintech
By Pete Schroeder WASHINGTON – A Republican senator is demanding answers from the Federal Reserve Bank of Kansas City after he says it revoked a sought-after master account that had previously been…
Japan’s current account surplus shrinks on record imports
By Tetsushi Kajimoto TOKYO – Japan’s current account surplus shrank sharply in April as record imports overwhelmed exports, swinging the trade balance into the red, data showed on Wednesday, stoking some concerns…
Omicron sub-variants BA.4 and BA.5 account for up to 13% of COVID variants in U.S. – CDC
(Reuters) – The BA.4 and BA.5 sub-variants of Omicron are estimated to make up nearly 5% and 8% of the coronavirus variants in the United States as of June 4, the U.S.…
Paralegal Pleads Guilty to Embezzlement of Funds from Law Firm Trust Account
RICHMOND, Va. – A Midlothian woman pleaded guilty today to conspiring to embezzle funds from the trust account of the law firm where she worked. According to court documents, from at least…
Utica Sex Offender out of Prison Charged by Parole Board for Having Snapchat Account
UTICA, NY – A convicted and registered sex offender out of prison on parole has been charged by the Utica Police Department and New York State Parole Board after it was learned…
Tunisia’s current account deficit to widen to 10% of gdp in 2022
TUNIS – Tunisia’s current account deficit is expected to widen to around 10% of GDP in 2022, against 6.8% initially forecast, the central bank governor said on Friday, as the North Africa…
Quebec Man Charged with Offering to Sell More Than 500,000 Stolen Gift Card Account Numbers Over the Internet
A federal grand jury recently returned a six-count indictment charging Richard Verret, age 40, of Quebec, Canada, with unauthorized solicitation of access devices and trafficking counterfeit access devices, the result of a…
Imperial, PA Daycare Operator Pleads Guilty to Failing to Account for and Pay Over Taxes
PITTSBURGH, PA – A resident of Imperial, Pennsylvania, pleaded guilty in federal court to a charge of failing to account for and pay over payroll taxes to the Internal Revenue Service, United…
Jury Convicts Southern Illinois University-Carbondale Professor of Concealing Foreign Bank Account from the Internal Revenue Service
Benton, Ill. – Dr. Mingqing Xiao, 60, of Makanda, Illinois, was convicted by a federal jury on Wednesday, May 4, 2022, in connection with lying to federal authorities about a foreign bank account in…
Factbox-How companies account for remote work in their carbon footprints
By Paresh Dave (Reuters) – Reuters surveyed 20 large companies that both report their carbon footprints and embrace remote work about whether they estimate carbon emissions from employees’ home offices. Half of…
Gazprombank account not necessarily breach of sanctions -German Ministry
BERLIN – European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if transferring euros or dollars to them fulfils…
Japan PM advisers urge improvement in current account as yen weakens
TOKYO – The advisers to Japanese Prime Minister Fumio Kishida’s top panel urged the government on Wednesday to prevent the current account surplus from shrinking further so as to avoid affecting the…
Former El Paso Physician Agrees to Pay $350,000 to Resolve Allegations that He Failed to Account for Large Quantities of Opioids
EL PASO – Dr. Herbert Nassour, a former physician in El Paso, has agreed to pay $350,000 under a civil settlement to resolve allegations he violated certain provisions of the Controlled Substances…
Cape May Man Charged for Sharing Photos of Children on Cloud Account
Cape May Court House, NJ – A 21-year-old man from Cape May Court House has been charged after local authorities received a tip from the National Center of Missing and Exploited Children…
Low-producing U.S. oil wells account for half of methane emissions, report says
By Valerie Volcovici WASHINGTON – Low-producing oil and gas wells that account for just 6% of total U.S. production account for half of the methane emitted from all U.S. well sites, a…
Trump says he ‘probably’ wouldn’t return to Twitter if Musk reinstated his account
By James Oliphant WASHINGTON – Elon Musk’s takeover bid for Twitter has prompted speculation that he would restore Donald Trump’s account if he succeeds in purchasing the social-media platform. But the former…
Two Plead Guilty in Nationwide Rideshare and Delivery Account Fraud Scheme
BOSTON – Two Brazilian nationals pleaded guilty on Monday, April 11, 2022, in connection with a nationwide conspiracy to open fraudulent driver accounts with rideshare and delivery service companies. Guilherme da Silveira,…
IMF sets up administered account to allow donors to fund Ukraine
WASHINGTON – Ukraine’s finance ministry on Monday welcomed the creation of a special new account set up by the International Monetary Fund to give bilateral donors and international organizations a secure way…
Japan’s Feb current account swings back to surplus from big deficit
By Kantaro Komiya TOKYO – Japan’s current account balance swung back into the black in February from its second-biggest deficit on record in the previous month, providing some respite for policymakers amid…
Former Bank Employee Sentenced on Charges related to Stealing Social Security Administration Benefits from Account of Deceased Customer
BAY CITY – A former JPMorgan Chase Bank branch manager was sentenced today to 34 months in federal prison on charges of theft of government funds and identity theft, stemming from his…
K.C. Fed’s George: Balance sheet debate needs to account for bond inversion risk
(Reuters) – The brief inversion of the U.S. bond yield curve on Tuesday is a cautionary sign for the Federal Reserve that may need to be factored into coming debates on management…
Russia’s National Settlement Depository says Clearstream is blocking its account -Ifx
– Russia’s National Settlement Depository (NSD) on Friday said Clearstream, one of the world’s biggest settlement systems, had informed it that it was blocking its account and waiting for a decision from…
Two Plead Guilty in Nationwide Rideshare and Delivery Account Fraud Scheme
BOSTON – Two Brazilian nationals pleaded guilty today in connection with a nationwide conspiracy to open fraudulent driver accounts with rideshare and delivery service companies. Edvaldo Rocha Cabral, 42, of Lowell, Mass.…
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