New Jersey Democrats Approve Bill to Punish Towns Fighting Affordable Housing By Withholding State Grants and Financial Aid
NJ lawmakers give housing-compliant towns first shot at state grants Trenton, NJ – New Jersey’s Democrat lawmakers are making their point clear to municipalities across the state: build high density affordable housing,…
EA taps Microsoft executive as new chief financial officer
-Video game publisher Electronic Arts Inc named Microsoft executive Chris Suh as its new chief financial officer on Monday, replacing Blake Jorgensen. Suh is currently serving as corporate vice president and CFO…
Global financial sector ETFs see huge inflows this year
By Patturaja Murugaboopathy – Global financial sector ETFs have seen vast inflows since the start of this year, according to Refinitiv Lipper data, as investors bought into a sector set to benefit…
Federal Grand Jury Charges Former Chief Financial Officer of the City of Bardstown with Embezzling City Funds
LOUISVILLE, Ky – A federal grand jury in Louisville returned an indictment last week charging a former city official with embezzling over three-quarters of a million dollars from the City of Bardstown…
Stock Markets Break Single-Day Record For Volatility
Stock markets broke their single-day record for volatility Monday, having the largest turnaround in 13 years, multiple sources reported. The Dow Jones Industrial Average dropped over 1,000 points Monday before spiking up…
‘Gamification’ in financial markets under scrutiny, says EU watchdog
By Huw Jones LONDON – Gamification has introduced a new generation of retail investors to financial markets who may not be aware there are few protections in assets like cryptocurrencies, the European…
Former UBS Financial Advisor Charged with Defrauding over $5 Million Dollars from His UBS Clients
Miami, Florida – Today, German Nino, a former UBS Financial Advisor, made his initial appearance in federal court in Miami to face charges of defrauding over $5 million from a family who…
Here’s How To Fight Inflation Without Destroying The American Worker
Lars Schönander on January 24, 2022 With the Federal Reserve’s first meeting of 2022 set for Wednesday, talk of surging inflation and how to deal with it is back in headlines. When…
New Jersey offering up to $35,000 in financial mortgage assistance for struggling homeowners
TRENTON – Governor Philip D. Murphy and Lt. Governor Sheila Y. Oliver today announced the upcoming launch of the Emergency Rescue Mortgage Assistance Program (ERMA), administered by the New Jersey Housing and…
Vicari meets with banking commissioner as banks close in senior populated Ocean County
TOMS RIVER, NJ – Ocean County senior citizens are concerned about the recent trend of banks closing local and small community branches. The county is home to one of the largest senior…
Teneo launches financial advisory business in the Middle East
DUBAI – New York-based Teneo said on Monday it was launching a financial advisory business in the Middle East. The company, which already operates in the fields of strategic communications, management consulting…
Explainer-Lebanon’s financial crisis and how it happened
By Edmund Blair – Lebanon is grappling with a deep economic crisis after successive governments piled up debt following the 1975-1990 civil war with little to show for their spending binge. Banks,…
Explainer-Russia’s financial health amid geopolitics-driven market sell-off
By Katya Golubkova MOSCOW – Russian assets are under pressure as investors worry about the possible extension of U.S. sanctions or new EU measures targeting officials, banks and the energy sector if…
Corrado seeks financial details of Phil Murphy’s over-the-top Christmas COVID commercial
TRENTON, NJ – Senator Kristin Corrado wrote to New Jersey’s health commissioner seeking financial details about the Department of Health’s holiday season advertising campaign featuring school-age children asking for COVID shots. “In…
Former Financial Controller Sentenced to Prison for Embezzling Almost Half a Million Dollars from Family-Owned San Diego Business
Assistant U. S. Attorney Rebecca S. Kanter (619) 546-7304 NEWS RELEASE SUMMARY – January 10, 2022 SAN DIEGO – Derick Jonathan Cameron of Vancouver, Washington, was sentenced in federal court today to…
Stock Market Tumbles As Countries Head Toward Omicron Lockdowns
The stock market tumbled Monday as COVID-19 cases surge worldwide and countries head toward lockdowns triggered by the emerging omicron variant, multiple sources reported. The Dow Jones Industrial Average, an index of…
Baltimore Woman Facing Federal Indictment for Allegedly Obtaining More Than $1.6 Million in Federal Funds Intended to Relieve Financial Distress Caused by the Covid-19 Pandemic
Baltimore, Maryland – A federal grand jury has returned an indictment charging Nichelle Henson, age 35, of Baltimore, Maryland, for false statements and bank fraud in connection with fraudulent applications Henson allegedly…
Former Financial Advisor Sentenced to 14 Years in Federal Prison for $12 Million Fraud that Caused Clients to Lose Retirement Savings
LOS ANGELES – A former financial advisor with a lengthy disciplinary history was sentenced today to 168 months in federal prison for a real estate investment con that caused his clients…
White House Report Flags Hunter Biden’s Industry As Potential Hotbed For ‘Financial Crimes’
The White House flagged the art market as a potential vector for financial corruption in a report Monday, but it made no mention of the ethical concerns raised by watchdogs surrounding Hunter…
Gold Dealers Sentenced for Financial Crimes and Gun Crimes
Assistant U. S. Attorney Daniel Silva (619) 546-9713 NEWS RELEASE SUMMARY—December 3, 2021 SAN DIEGO – Global Gold Exchange, LLC and its managers, Richard M. Owen, James Warren, and Jeffrey Morrow, were…
Washington Post Contributor Says Gas Prices ‘Actually Aren’t That High’
The Washington Post published an article Thursday arguing that gasoline prices aren’t actually very high despite “recent commentary” on the issue. Rising gasoline prices are a consequence of inflation, which affects all…
Almost Half Of All Americans Say Inflation Caused Them Financial Hardship
Almost half of Americans said soaring prices created some form of financial hardship for their households, while 10% reported that they are experiencing “severe hardship,” according to a Gallup poll released Thursday.…
As Americans tighten their belts due to financial stresses, Biden heads to Nantucket for “ritzy” vacation
Fox News correspondent Peter Doocey confronted White House Press Secretary Jen Psaki over President Biden’s decision to spend his Thanksgiving weekend in the ‘ritzy’ secluded and upper-class destination of Nantucket. Psaki denied…
Pittsburgh Man Sentenced to Prison for Defrauding Financial Institutions
PITTSBURGH, Pa. – A resident of Pittsburgh has been sentenced in federal court to 44 months in prison on his conviction of conspiracy, access device fraud, and aggravated identity theft, United States…
Joliet Financial Advisor Indicted on Federal Fraud Charges for Allegedly Swindling Clients Out of Nearly $800,000
CHICAGO — A Joliet financial advisor has been indicted on federal fraud charges for allegedly swindling several clients out of nearly $800,000. RONALD T. MOLO, 61, of Shorewood, Ill., is charged in…
Lawmakers Scramble To Fix ‘Devastating’ Tax Reporting Provisions In Infrastructure Bill
Lawmakers are working to fix cryptocurrency tax reporting requirements included in the bipartisan infrastructure bill. The Infrastructure Investment And Jobs Act signed into law by President Joe Biden on Monday contains several digital…
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