New Jersey Assembly Advances “Mass Violence Care Fund” Bill
TRENTON, NJ – The New Jersey Assembly Appropriations Committee has reported favorably on Assembly Bill No. 4409, with significant amendments. The bill, dated June 24, 2024, proposes the creation of the “Mass…
New York Fund Manager Pleads Guilty to Multimillion-Dollar Fraud
NEWARK, NJ—Joshua Goltry, a 30-year-old fund manager from New York, has pleaded guilty to securities fraud, implicating himself in a multimillion-dollar investment fraud scheme. The announcement was made by U.S. Attorney Philip…
New Jersey Seeks $2.5 Million to Fund Black Social Justice Group
TRENTON, NJ — New Jersey Senator Shirley K. Turner has introduced a bill proposing a $2.5 million supplemental appropriation to support the “Return and Restore” program operated by Salvation and Social Justice.…
New Jersey Seeks $2 Million to Fund Deep Fake Crime Unit
TRENTON, NJ—New Jersey lawmakers have proposed funding to combat the rising threat of “deep fakes” with the introduction of Senate Bill No. 2545 by Senator Paul D. Moriarty, representing District 4, which…
New Jersey Opposes Phil Murphy Plan to Fund NJ Transit with Gas Tax Revenue
New Jersey Residents Prefer Gas Tax Revenue for Roads Only, Poll Finds TRENTON, NJ—A recent poll by Farleigh Dickinson University revealed that a majority of New Jersey voters prefer that revenues from…
PAI Partners closes new $7.6 billion fund, surpassing target
By Anousha Sakoui LONDON (Reuters) – French buyout group PAI Partners said it had raised 7.1 billion euros ($7.59 billion) for its latest fund, surpassing its target despite difficulties in drawing new…
World Bank poised to host climate loss and damage fund, despite concerns
By Gloria Dickie and Valerie Volcovici Countries moved a step closer on Saturday to getting a fund off the ground to help poor states damaged by climate disasters, despite reservations from developing…
Explainer-Why is Ireland launching a sovereign wealth fund?
DUBLIN (Reuters) – Ireland detailed on Tuesday how it intends to turn some of the healthiest public finances in Europe into a 100 billion euro sovereign wealth fund to ease future healthcare,…
The Biden Admin Is Scrambling To Spend $27 Billion ‘Slush Fund’ Before Congress Claws It Back
The Biden Admin Is Scrambling To Spend $27 Billion ‘Slush Fund’ Before Congress Claws It Back John Hugh DeMastri on July 5, 2023 President Joe Biden’s Environmental Protection Agency (EPA) is making…
WWF Russia cuts ties with global environment group, now labelled ‘undesirable’ by Moscow
MOSCOW (Reuters) -The Russian chapter of the global environmental campaign group WWF on Thursday said it had cut ties with WWF International after Russia designated WWF as an “undesirable organisation”. The label…
Biden Will Hand Over Another $1 Billion To UN ‘Green Climate Fund’
Biden Will Hand Over Another $1 Billion To UN ‘Green Climate Fund’ John Hugh DeMastri on April 20, 2023 The White House announced $1 billion in U.S. support for the United Nations’…
New Jersey hedge fund, founder settle SEC charges over improper trades
By Chris Prentice NEW YORK (Reuters) – A New Jersey hedge fund and its founder have agreed to pay $19.3 million to settle charges by the U.S. Securities and Exchange Commission (SEC)…
South Korea to reactivate FX swap between pension fund, cenbank
By Yena Park and Jihoon Lee SEOUL (Reuters) -South Korea’s finance minister said on Thursday foreign exchange authorities were in talks to reactivate market stabilizing measures, including a foreign exchange swap programme…
Chicago Suburb’s Plan To Fund Reparations Through Marijuana Sales Tax Backfires
Chicago Suburb’s Plan To Fund Reparations Through Marijuana Sales Tax Backfires Laurel Duggan on January 9, 2023 Evanston, Illinois, a Chicago suburb, attempted to fund its racial reparations program through a tax…
Crypto Firm With Ties To Sam Bankman-Fried’s Failed Hedge Fund Weighing Bankruptcy: REPORT
Crypto Firm With Ties To Sam Bankman-Fried’s Failed Hedge Fund Weighing Bankruptcy: REPORT John Hugh DeMastri on January 5, 2023 Prominent crypto firm Genesis Global Trading — which had major ties to…
Biden Admin To Hike Fees On Legal Immigrants To Fund Processing Of Illegal Migrants Who Claim Asylum
Biden Admin To Hike Fees On Legal Immigrants To Fund Processing Of Illegal Migrants Who Claim Asylum Jennie Taer on January 4, 2023 The Biden administration will increase the costs for legal…
Mexico’s AINDA seeks $600 million to kickstart fund, Colombian business
(Corrects spelling of company in 8th paragraph and last name in 9th paragraph) By Valentine Hilaire MEXICO CITY (Reuters) -Mexican private equity manager AINDA expects to raise $600 million for a new…
G7 launches climate ‘Shield’ fund, some countries wary
By Kate Abnett and Simon Jessop SHARM EL-SHEIKH, Egypt (Reuters) – A G7-led plan dubbed “Global Shield” to provide funding to countries suffering climate disasters was launched at the U.N. COP27 summit…
Saudi Aramco launches $1.5 billion fund, says energy transition plan flawed
By Rachna Uppal, Maha El Dahan and Aziz El Yaakoubi RIYADH (Reuters) – Oil giant Saudi Aramco launched a $1.5 billion fund to support an inclusive global energy transition on Wednesday while…
BoE quantitative tightening likely to be delayed until later this year -fund manager
LONDON (Reuters) – The Bank of England should consider giving markets “some comfort” around its quantitative tightening timetable, and will likely push back the long-anticipated policy change until later this year, a…
Florida Man Convicted In Business Email Compromise And Money Laundering Scheme Targeting Hedge Fund
Damian Williams, the United States Attorney for the Southern District of New York, announced that a jury returned a guilty verdict against MUSTAPHA RAJI for his participation in a $1.7 million business…
Manhattan Real Estate Fund Manager Sentenced To Prison For Securities Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced that JOSHUA BURRELL was sentenced today to 48 months in prison for committing securities fraud in connection with…
Hollywood Executive And Former White House Staffer Sentenced To Six Years In Prison For Defrauding New York Investment Fund Of Over $30 Million
Damian Williams, the United States Attorney for the Southern District of New York, announced that WILLIAM SADLEIR was sentenced today by U.S. District Judge Paul A. Engelmayer to six years in prison…
Co-Founder And Chief Investment Officer Of London-Based Hedge Fund Charged With FX Market Manipulation And Fraud
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation…
Former oil and gas mineral rights investment fund manager charged with fraud
HOUSTON – A 41-year-old Spring resident is set to appear in federal court on charges of fraud, announced U.S. Attorney Jennifer B. Lowery. Christopher Russell Bentley is expected to make his initial…
Wood’s ARK fund on track for first monthly gain since Oct as risky stocks rally
By David Randall NEW YORK – Cathie Wood’s ARK Innovation fund is on track to post its first monthly gain in eight months in July, riding a rally that has seen beaten-down…
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