Feds move to seize $126M in assets tied to illegal staffing ring in Ohio
DAYTON, OH — The United States has filed a civil forfeiture complaint targeting assets connected to an alleged $126 million illegal staffing and money laundering operation involving undocumented workers at multiple Ohio…
New Venezuela opposition leader confident U.S. will protect assets
By Corina Pons MADRID (Reuters) – The new president of Venezuela’s opposition legislature is confident the United States will back the body by continuing to protect foreign assets like oil refiner Citgo…
Exclusive: Myanmar junta chief family assets found in Thai drug raid – document
By Panu Wongcha-um and Poppy McPherson BANGKOK (Reuters) – Thai officials found assets belonging to adult children of Myanmar’s junta leader during a raid on the Bangkok apartment of a Myanmar tycoon…
Venezuela owes over $20 million to law firms on guarding overseas assets
CARACAS (Reuters) – Venezuela owes $20.7 million to U.S. law firms handling litigation against creditors seeking to collect unpaid debts from bond defaults and nationalizations carried out more than 15 years ago,…
Pentagon Begins Process Of Scrubbing Confederate Names, Symbols From Military Assets
Pentagon Begins Process Of Scrubbing Confederate Names, Symbols From Military Assets Micaela Burrow on January 5, 2023 The Department of Defense (DOD) will officially begin the estimated $62 million process of renaming…
Four Local 98 Employees Plead Guilty to Illegal Use of Union Assets
PHILADELPHIA – United States Attorney Jacqueline C. Romero announced that Michael Neill, 56, Marita Crawford, 53, Niko Rodriguez, 31, and Brian Fiocca, 31, all of Philadelphia, Pennsylvania, and all employees of Local…
Luxembourg authorises some frozen Russian assets to be unblocked
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – Luxembourg’s finance ministry on Tuesday said it had authorised the release of…
FTX’s ‘Unsophisticated’ Leaders Blew Billions On ‘Spending Binge’ For Overpriced Assets, CEO Says
FTX’s ‘Unsophisticated’ Leaders Blew Billions On ‘Spending Binge’ For Overpriced Assets, CEO Says John Hugh DeMastri on December 13, 2022 Crpyto exchange FTX mishandled billions of dollars of customer funds and went…
China putting U.S. space assets at risk, senior U.S. officer says
TAIPEI (Reuters) – China is building capabilities that put most U.S. space assets at risk, and China sees the domain as crucial to their military strategy, the head of the U.S. Space…
Celsius bankruptcy judge orders return of some crypto assets to customers
By Dietrich Knauth (Reuters) – A U.S. bankruptcy judge on Wednesday ruled that some customers of crypto lender Celsius Network should receive their deposits back, giving relief to a relatively small group…
Crypto lender Genesis tells clients it is working to preserve their assets
LONDON (Reuters) – U.S. crypto firm Genesis is working to preserve client assets and strengthen liquidity, it said in a letter to clients on Wednesday, adding that it would take “weeks rather…
Russia’s Rosneft says net income hit by assets transfer in Germany
By Vladimir Soldatkin MOSCOW (Reuters) -Russian largest oil producer Rosneft said on Wednesday its nine-month profit was hit by the transfer of assets in Germany which took control of a major Russia-owned…
FTX says receiving interest from buyers for assets
(Reuters) – Cryptocurrency exchange FTX said on Tuesday it was receiving interest from potential buyers for its assets and would conduct process to reorganize or sell them. (Reporting by Arunima Kumar in…
Infinity Q founder, once claiming $3 billion assets, pleads guilty to fraud
By Jonathan Stempel and Jody Godoy NEW YORK (Reuters) – The founder of Infinity Q Capital Management, a New York firm accused of inflating assets by over $1 billion to collect more…
Exclusive-Evergrande eyes onshore assets as sweetener for offshore debt restructuring -sources
By Clare Jim HONG KONG (Reuters) – Property developer China Evergrande Group plans to use domestic assets as sweeteners to win offshore creditor approval for a long-awaited debt-restructuring proposal, two people with…
Collapse of FTX should serve as reminder of risks of crypto assets, ECB’s De Cos says
MADRID (Reuters) – The collapse of crypto exchange platform FTX should serve as a reminder for clients of the risks crypto assets entail, European Central Bank policymaker Pablo Hernandez de Cos said…
Analysis-Investors face expensive quest for year-end cash and safe assets
By Yoruk Bahceli (Reuters) – As the most volatile period in years for traders draws to a close, the year-end dash for cash and high-quality assets will likely prove more challenging than…
Judge Freezes Alex Jones’ Assets, Orders Him To Pay $473 Million More To Sandy Hook Families
Judge Freezes Alex Jones’ Assets, Orders Him To Pay $473 Million More To Sandy Hook Families Trevor Schakohl on November 10, 2022 A judge froze InfoWars host Alex Jones’ assets and ordered…
DOJ Announces Largest Seizure Of Cryptocurrency Assets Ever
DOJ Announces Largest Seizure Of Cryptocurrency Assets Ever John Hugh DeMastri on November 7, 2022 The Department of Justice (DOJ) seized over $3.36 billion in the form of the cryptocurrency bitcoin last…
China encourages administrative bodies to tap idle state assets
BEIJING (Reuters) – China’s finance ministry encourages administrative bodies to revitalise idle state-owned assets, including by market-based leasing or selling those assets as some were poorly managed, said a notice by the…
COSCO Shipping says to buy $2.7 billion port assets from parent, in $2.9 billion ship building deal
(Reuters) – COSCO Shipping Holdings Co Ltd said on Monday it has agreed to buy port assets from its parent for an aggregate 19.7 billion yuan ($2.7 billion) as it aims to…
Kremlin says it may transfer assets in annexed Ukrainian regions to Russian companies
MOSCOW (Reuters) – The Kremlin on Wednesday said that assets in the four Ukrainian regions that Russia said it had annexed last month may in future be transferred to Russian companies. Kremlin…
Suzano to buy Kimberly-Clark’s tissue assets in Brazil
SAO PAULO (Reuters) -Brazilian pulpmaker Suzano SA said on Monday it reached a deal to buy Kimberly-Clark’s tissue paper operations in the country. In a securities filing, Suzano said the main asset…
Chile’s Entel to sell fiber optic assets for $358 million
SANTIAGO (Reuters) – Chilean telecoms giant Entel said on Saturday it would sell the assets of its fiber optic business, which provides services to homes, to local company ON*NET Fibra in a…
Gold Fields acquisition target Yamana assets valued at $6-$8 billion – CIBC
By Nelson Banya (Reuters) – An independent evaluation has put Yamana Gold’s mineral assets at between $6 billion and $8 billion, in line with South Africa’s Gold Fields’ initial offer price for…
U.S. stocks price in recession risk more than other assets, says Citi
(Reuters) – U.S. equities have priced in the most recession risk compared with other assets, Citigroup researchers said, warning that was not enough as further losses loom in the wake of an…
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