Ocean County GOP Bounces Back After Previous Chairman, Allies Party Funds
TOMS RIVER, NJ – The Ocean County GOP organization had its bank account nearly wiped hours before Ocean County Sheriff Michael Mastronardy lost his bid …
Funds
U.S. Secret Service Returns $286M in Fraudulently Obtained Funds to the Small Business Administration
DENVER – Today, the U.S. Secret Service returned approximately $286 million in fraudulently obtained Economic Injury Disaster Loans (EIDL) to the Small Business Administration (SBA). …
U.S. bond funds record biggest weekly outflow in eight weeks
(Reuters) – Investors dumped U.S. bond funds in the week to Aug 24 as they waited to hear a speech by Federal Reserve Chair Jerome …
Global equity funds see large outflows on slowdown worries
(Reuters) – Global equity funds witnessed their biggest weekly capital withdrawals in five weeks in the week to Aug. 24 on concerns that rate hikes …
Detroit Man Stole $2.2 Million in COVID-19 Pandemic Funds
DETROIT – The Department of Justice is continuing its crackdown against COVID-19 relief funds during the pandemic. The DOJ issued the following statement today: A …
Maryland U.S. Attorney Erek L. Barron Announces Strategies to Use Additional State Funds to Reduce Violent Crime
Baltimore, Maryland – At a press conference earlier today, U.S. Attorney Erek L. Barron, joined by federal, state, and local partners announced that his office …
Hedge funds suffer big outflows in Q2 – data
By Nell Mackenzie LONDON (Reuters) – Investors yanked a net $7.8 billion out of hedge funds in the second quarter, industry data published on Wednesday …
Buffalo Man Arrested, Charged With Fraudulently Receiving Millions Of Dollars In COVID 19 Funds
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 BUFFALO, N.Y. – U.S. Attorney Trini E. Ross announced today that Brian A. Smith, 49, of Buffalo, NY, was arrested …
Global equity funds attract inflows for second week in a row
(Reuters) – Global equity funds received inflows for a second straight week in the week to Aug. 17, as investors tempered their expectations for the …
U.S. Treasury approves up to $750 million small business capital funds for four states
WASHINGTON (Reuters) – The U.S. Treasury Department said on Friday it approved four additional state plans for the State Small Business Credit Initiative worth $750 …
Jackson Man Sentenced for Wire Fraud Scheme Designed to Fraudulently Obtain GI Bill Funds from the U.S. Department of Veterans Affairs
Jackson, Miss. – A Jackson man was sentenced to serve one year and one day in prison followed by three years of supervised release and …
Stamford Man Sentenced to Prison for Fraudulently Obtaining More Than $4 Million in COVID-19 Relief Funds
Moustapha Diakhate, 46, of Stamford, was sentenced today by U.S. District Judge Michael P. Shea in Hartford to 42 months of imprisonment, followed by three …
Two Sigma, Soros among hedge funds positioned for tech comeback
By David Randall NEW YORK – Two Sigma Investments, Hudson Bay Capital Management, and Soros Fund Management were among the prominent hedge funds that added …
Column-Hedge funds strike it right on dollar, yield curve: McGeever
By Jamie McGeever ORLANDO, Fla. – Hedge funds slashed their long dollar positions and bet harder on a flatter yield curve, two macro trades that …
Former Accountant for Chicago Construction Company Charged with Embezzling Millions in Company Funds
CHICAGO — A former senior accountant for a Chicago construction company has been indicted on federal fraud charges for allegedly embezzling millions in company funds. …
U.S. equity funds notch up biggest weekly inflow in seven weeks
(Reuters) – Investors were net buyers of U.S. equity funds in the week to Aug. 10, on bets that the Federal Reserve would slow the …
Global equity funds see first weekly inflow in seven weeks
(Reuters) – Global equity funds saw inflows in the week to Aug. 10 after six straight weeks of withdrawals, as investors took the view that …
Funds begin parking sanction-hit Russian assets in ‘side pockets’
By Carolyn Cohn and Huw Jones LONDON – Some of the world’s biggest money managers are talking to investors and regulators about stripping Russian assets …
U.S. high-yield bond funds draw cash as recession fears ebb
By Patturaja Murugaboopathy (Reuters) – U.S high-yield bond funds are attracting heavy investments, a turnaround from the selloffs of the first half of this year, …
Russian law firm seeks to unfreeze funds tied up with Euroclear
MOSCOW – Russian law firm Rybalkin, Gortsunyan, Dyakin & Partners (RGD) plans to appeal to Euroclear clearing house to help unfreeze funds of investors in …
International economists ask Biden to release Afghan central bank funds
By Charlotte Greenfield ISLAMABAD – More than 70 economists and experts, including Nobel Laureate Joseph Stiglitz, called for Washington and other nations to release Afghanistan’s …
Hedge funds post July gain on stock market rally, still down for year
NEW YORK – Hedge funds posted a 1.65% gain in July, driven by a stock market rally which helped reduce their losses for the year …
‘May Violate Multiple State Laws’: Republican AGs Demand BlackRock Answer For Pushing ESG On State Pension Funds
‘May Violate Multiple State Laws’: Republican AGs Demand BlackRock Answer For Pushing ESG On State Pension Funds ‘May Violate Multiple State Laws’: Republican AGs Demand …
U.S. bond funds gain biggest weekly inflow in 11-months
(Reuters) – U.S. bond funds recorded their biggest weekly purchase in eleven months in the week to Aug. 3 on expectations that slowing growth would …
Global bond funds receive biggest weekly inflow in nine months
(Reuters) – Global bond funds obtained their biggest weekly inflow in nine months and purchases in money market funds also surged in the week to …
Italy parliament approves competition bill to unlock European funds
ROME – The Italian parliament has given its final approval to a highly contested bill to promote competition in product and services markets, required to …
Denver Public Schools Pays Over $2.1 Million to Settle Allegations Relating to Misuse of AmeriCorps Funds
DENVER – The United States Attorney’s Office for the District of Colorado announced today that Denver Public Schools (“DPS”) has paid $2,123,811 to the United States …
Global thematic funds see big outflows as growth stocks falter
By Patturaja Murugaboopathy (Reuters) – Global thematic funds are facing heavy outflows this year as investors’ fascination fade with such assets, most of which are …
Utica Woman Indicted for Theft and Misappropriation of Funds as a Fiduciary
SYRACUSE, NEW YORK – Trina Gigliotti, age 54, of Utica, New York, was indicted earlier this month for misappropriating the funds of the legally incompetent …
Crisis-hit Pakistan’s army chief seeks U.S. help in quick release of IMF funds – sources
By Asif Shahzad and Gibran Naiyyar Peshimam ISLAMABAD – Pakistan’s powerful army chief appealed to Washington to use its leverage to secure the early release …
Global equity funds record fifth weekly outflow in a row
(Reuters) – Global equity funds witnessed weekly outflows for a fifth straight week in the week to July 27 on caution ahead of the U.S. …
Hefty losses at foreign funds with holdings in Sri Lankan equities
(Reuters) – Foreign mutual funds which have exposure to Sri Lankan equities have posted steep losses in their net asset values this year, prompting their …
Roseburg Daycare Owner Pleads Guilty to Stealing Government Funds
EUGENE, Ore.—The owner of a Roseburg, Oregon in-home daycare facility pleaded guilty today in federal court for stealing federal childcare funds. Katie Jo Thompson, 31, …
Roseburg Daycare Owner Pleads Guilty to Stealing Government Funds
EUGENE, Ore.—The owner of a Roseburg, Oregon in-home daycare facility pleaded guilty today in federal court for stealing federal childcare funds. Katie Jo Thompson, 31, …
FEC Bars Eric Swalwell From Paying Babysitters With Campaign Funds While Visiting With Foreign Governments
FEC Bars Eric Swalwell From Paying Babysitters With Campaign Funds While Visiting With Foreign Governments Gabe Kaminsky on July 27, 2022 Democratic California Rep. Eric …
Republican AGs Sue Biden Admin Over ‘Gender Identity’ Policy That Could Withhold School Lunch Funds
Republican AGs Sue Biden Admin Over ‘Gender Identity’ Policy That Could Withhold School Lunch Funds Reagan Reese on July 27, 2022 Several Republican attorneys general …
More sovereign wealth funds adopt a formal ESG policy – study
By Simon Jessop LONDON – Three quarters of the world’s sovereign wealth funds now have a formal policy on environmental, social and governance investing, yet …
U.S. Treasury to allow COVID funds for state, local affordable housing loans
WASHINGTON – The U.S. Treasury said on Wednesday that it will allow state, local and tribal governments more flexibility to use COVID-19 rescue funds to …
Idaho Man Sentenced for Misusing National Health Service Corps Loan Repayment Funds
POCATELLO – Steven L. Young, an Idaho man already incarcerated in Utah on unrelated charges, was ordered to repay $63,192.96 and sentenced to 15 months …
Former UAW Official Sentenced to 57 Months in Prison For Embezzling Over $2 Million in Union Funds
DETROIT– Timothy Edmunds, the former Financial Secretary Treasurer of Local 412 of the United Auto Workers union, was sentenced to 57 months in prison today …
IDB cannot rubber-stamp Argentina’s funds request – bank president
(Reuters) – The Inter-American Development Bank (IDB) cannot “rubber-stamp” cash for Argentina without it meeting commitments to improve macroeconomic conditions, the IDB President said on …
Brockton Man Charged with Fraudulently Obtaining Over $1.5 Million in COVID-Relief Funds
BOSTON – A Brockton man was charged on July 21, 2022 in connection with a scheme to submit false applications to obtain Paycheck Protection Program …
Yakima Resident Pleads Guilty to Fraudulently Obtaining More Than $59,000 in COVID-19 Relief Funds
Yakima, Washington – Vanessa R. Waldref, the United States Attorney for the Eastern District of Washington, announced today that Karla Padilla, age 48, of Yakima, …
U.S. equity funds post biggest weekly outflow in five weeks
(Reuters) – U.S. equity funds witnessed their biggest weekly outflow in five weeks in the week to July 20, as cautious investors gear up ahead …
EU gives Hungary a month to act before moving to suspend funds
By Jan Strupczewski BRUSSELS – The European Commission gave Hungary a final month to address its concerns about the rule of law before asking European …
Saratoga Woman Indicted for Theft and Misappropriation of Funds as the Fiduciary of a Veteran
ALBANY, NEW YORK – JoAnne Natalie, age 64, of Saratoga Springs, New York, was indicted earlier this month for misappropriating the funds of a veteran …
Former Federal Inmate Sentenced to Nearly Three Years For Fraudulently Collecting PUA Funds on Behalf of Incarcerated Individuals
PHILADELPHIA –United States Attorney Jacqueline C. Romero announced that Brandon Segers, 34, of Philadelphia, PA, was sentenced to two years and nine months in prison, …
Three Arrested For Scheme To Steal Unclaimed Funds From The NYS Comptroller
Damian Williams, the United States Attorney for the Southern District of New York, Daniel B. Brubaker, Postal Inspector in Charge, Postal Service Inspection Service, New …
Hedge funds assets shrink amid investors withdraws, losses
NEW YORK – Hedge funds assets fell below $4 trillion in June, dragged down by poor performance and investors’ withdraws, data provider HFR showed on …
Russell Lucius Laffitte Indicted on Federal Conspiracy, Wire Fraud, Bank Fraud, and Misapplication of Bank Funds Charges
CHARLESTON, SOUTH CAROLINA – A federal grand jury returned a five-count indictment charging Russell Lucius Laffitte with conspiracy to commit wire fraud and bank fraud, …