Houma Woman Pleads Guilty to Theft of Government Funds
NEW ORLEANS – United States Attorney Duane A. Evans announced that NICOLE COCKERHAM (“COCKERHAM”), age 42, of Houma, Louisiana, pled guilty on June 2, 2022 …
Funds
U.S. bond funds post first weekly inflow in five months
(Reuters) – U.S. bond funds attracted net inflows in the week to June 1, after five months of outflows, as fears eased over the Federal …
Global bond funds gain first weekly inflow in two months
(Reuters) – Global bond funds obtained inflows in the week to June 1 after eight weeks of outflows, lifted by strong demand as fears over …
Hungary working to reach agreement on EU recovery funds by year end
BUDAPEST -Hungary is working to reach an agreement with the European Union by the end of the year on gaining access to billions of euros …
U.S. recovery extends Social Security, Medicare funds slightly -trustees
By David Lawder WASHINGTON – A stronger-than-expected recovery from the COVID-19 pandemic will slightly delay the dates when Social Security and Medicare funds are depleted, …
Wirths Blasts Phil Murphy for Raiding $10 Million in COVID Relief Funds for Illegal Immigrants
TRENTON, N.J. – New Jersey GOP Assemblyman Hal Wirths blasted Governor Phil Murphy after the administration raided $10 million in federal COVID-19 relief funds in …
Phil Murphy to Pay Illegal Immigrants in New Jersey Sanctuary State $4,000 Per Household Using COVID Funds
TRENTON, NJ – New Jersey Governor Phil Murphy is going to be giving $2,000 checks to illegal immigrants hiding under the state’s sanctuary protection blanket, …
TSA Labor Union President Pleads Guilty to Fraud Scheme to Misappropriate Union Funds
BOSTON – The president of a local union representing Transportation Security Administration (TSA) employees pleaded guilty yesterday in federal court in Boston to engaging in …
Sri Lanka seeks to secure $5 billion in funds for import payments
By Uditha Jayasinghe COLOMBO – Sri Lanka seeks to secure around $5 billion in funding this year to cover repayments for fuel imports and other …
China banks appeal for relaxation of documentation rules to ease funds flow-sources
By Engen Tham and Winni Zhou SHANGHAI – Banks in China are urging regulators to relax rigid documentation rules as companies there have not been …
Orleans Parish Woman Pleads Guilty to Theft of More than $61,000 in Social Security Funds
NEW ORLEANS, LA – U.S. Attorney Duane A. Evans announced that CATHERINE CAMPBELL WILLIAMS, age 69, of New Orleans, Louisiana, pled guilty on May 31, …
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. …
Highlands Ranch Man Sentenced to Federal Prison for Using COVID Relief Funds for Plastic Surgery, Weight Loss and Jewelry
DENVER – The U.S. Attorney’s Office for the District of Colorado announces that Daniel Stonebarger, age 50, of Highlands Ranch, was sentenced to 41 months …
HOT SPRINGS MAN SENTENCED TO 27 MONTHS FOR PANDEMIC FUNDS FRAUD
Hot Springs, Arkansas – David Clay Fowlkes, United States Attorney for the Western District of Arkansas, announced that on May 26, 2022, James Heritage, …
U.S. equity funds pull first weekly inflow in seven weeks
(Reuters) – U.S. equity funds attracted net inflows in the week to May 25 as shares rallied, with stock markets breaking the longest streak of …
Global equity funds see first weekly inflows in seven weeks
(Reuters) – Global equity funds saw money inflows in the week to May 25 as some investors took heart from a rebound in markets this …
Covington Woman Sentenced for Theft of Social Security Funds
NEW ORLEANS – United States Attorney Duane A. Evans announced that HAYDEE ARMAS SANTANA (“SANTANA”), age 58, of Covington, Louisiana, was sentenced today for Theft …
California Real Estate Developer Faces Federal Charges for Using Stolen Identities to Obtain COVID-Relief Program Funds
PORTLAND, Ore.—A federal indictment was unsealed today charging a California real estate developer with using stolen identities to fraudulently obtain more than $1.5 million in …
Westpac to sell one financial advisory business, merge unit’s funds with Mercer Super Trust
(Reuters) – Westpac Banking Corp said on Thursday it would sell one of its financial advisory businesses, Advance Asset Management, to pension fund Mercer Australia, …
Former Philadelphia VA Hospital Employee Pleads Guilty to Stealing Almost $500,000 in Government Funds
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Bruce Minor, 46, of Philadelphia, PA, entered a plea of guilty today before United States …
Global mutual funds investors could sell $350 billion worth equities this year -Barclays
(Reuters) – Barclays said on Wednesday global mutual funds investors could sell equities worth a further $350 billion this year, unless fears of recession diminish, …
Slidell Woman Charged with Misappropriating Veteran’s Funds
NEW ORLEANS, LOUISIANA – U.S. Attorney Duane A. Evans announced that SLOANE SIGNAL-DEBOSE, age 51, a resident of Slidell, was charged on May 23, 2022 …
Former Treasurer of the Detroit Fire Fighters Union Sentenced to Prison for Stealing Over $200,000 in Union Funds
DETROIT – Verdine Day, the former Treasurer of the Detroit Fire Fighters Union (DFFA), was sentenced to one year in federal prison for embezzling over …
Fed funds rate above 1.75% ‘too restrictive’ as financial conditions deteriorate – Guggenheim’s Minerd
By Divya Chowdhury and Lisa Pauline Mattackal DAVOS, Switzerland – The U.S. Federal Reserve may be forced to rethink its hawkish stance as it hikes …
Saudi finance minister says no immediate plans to transfer more funds to PIF
By Yousef Saba and Saeed Azhar DUBAI – Saudi Arabia’s finance minister said on Monday there were no immediate plans to transfer more funds to …
EU must do more to guard its funds against fraudsters, auditors say
BRUSSELS – The European Commission and EU governments are not doing enough to prevent the misuse of the bloc’s money, auditors said on Monday, warning …
U.S. bond funds see outflows for 19th straight week
(Reuters) – U.S. bond funds continued to face huge outflows in the week to May 19 on fears that the Federal Reserve would raise interest …
Westbrook Woman Pleads Guilty to Serving as “Money Mule” in FEMA Funds Scam
PORTLAND, Maine: A Westbrook woman pleaded guilty in federal court today for serving as a “money mule” for someone she met online, U.S. Attorney Darcie N. …
Union Financial Secretary Charged with Stealing Union Funds
NEW ORLEANS, – BRIAN GERALD, age 50, a resident of Franklinton, Louisiana, was charged today in a one count indictment for embezzling assets of a …
Yellen says G7 to give Ukraine funds it needs ‘to get through this’
By David Lawder KOENIGSWINTER, Germany – U.S. Treasury Secretary Janet Yellen said the G7 finance leaders on Thursday agreed to provide Ukraine the financial resources …
IMF chief optimistic G7 funds for Ukraine can stave off hyperinflation
KOENIGSWINTER, Germany – International Monetary Fund Managing Director Kristalina Georgieva said on Thursday she was “getting more optimistic” that a G7 agreement to provide new …
Former Phoenixville-Area School District Finance Director Sentenced to Over One Year in Prison For Embezzling District Funds
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Christopher Gehris, 47, Phoenixville, PA, was sentenced today to one year and two months in …
Spokane Resident Pleads Guilty to Fraudulently Obtaining More Than $50,000 in COVID-19 Relief Funds
Spokane, Washington – Vanessa R. Waldref, the United States Attorney for the Eastern District of Washington, announced today that Roshon Edward Thomas, 52, of Spokane, …
Germany’s Allianz and its U.S. funds troubles
FRANKFURT – Germany’s Allianz has agreed to pay about $6 billion and its U.S. asset management unit will plead guilty to fraud after a group …
Netflix, Meta dumped by hedge funds as tech sell-off continues
By David Randall and Carolina Mandl NEW YORK – Tiger Global Management, Winslow Capital Management, and Scopus Asset Management were among funds that sold all …
Column-‘TINA’ still driving hedge funds’ bullish dollar view: McGeever
By Jamie McGeever ORLANDO, Fla. – Being long dollars will no doubt become an overcrowded trade at some point and a reversal will ensue, but …
White House says $110 billion in infrastructure funds released in first 6 months
By David Shepardson WASHINGTON – The White House on Monday said it has released $110 billion in funding from the $1 trillion infrastructure package that …
2022 New Jersey ‘Walk with Us to Cure Lupus’ Raises Awareness and Funds for Commonly Misdiagnosed Autoimmune Disease
As Honorary Chair of the 2022 NJ Walk, Ambassador Robert Wood “Woody” Johnson inspired the crowd, highlighting the LRA’s accomplishments and its vision for the …
U.S. bond funds see biggest weekly outflow in four weeks
(Reuters) – U.S. bond funds saw a surge in outflows in the week to May 11 on concerns over higher inflation readings, which cemented expectations …
Global equity funds see massive outflows on slowdown fears
(Reuters) – Global equity funds witnessed a surge in outflows in the week ended May 11, as fears of an economic slowdown and further tightening …
More than 10 funds consider making strategic proposals to Toshiba -NHK
TOKYO – More than 10 investment funds are considering making strategic proposals, including a potential buyout, to Toshiba Corp after the Japanese conglomerate said it …
Exclusive-India tax authority froze $478 million of Xiaomi funds in February-sources, document
By Aditya Kalra and Munsif Vengattil NEW DELHI – Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China’s …
Biden considers executive orders, new funds for abortion
By Nandita Bose WASHINGTON – President Joe Biden is considering executive orders and other measures to increase access and funding for women if the U.S. …
Slidell Woman Charged with Theft of Government Funds
NEW ORLEANS – United States Attorney Duane A. Evans announced that LINDA REED HILL (“HILL”), age 75, of Slidell, Louisiana, was charged on May 6, …
KKR, BlackRock get approval to invest Chinese funds overseas
By Selena Li HONG KONG – KKR and BlackRock have received Chinese regulatory approvals allowing their newly formed local units to raise funds for investing …
Macro hedge funds lead industry gains in April
NEW YORK – Hedge funds posted gains of 2.33% in April, mostly driven by macro funds, which managed to perform well amid high volatility, a …
Dentist Pleads Guilty to Unlawfully Obtaining Medicaid Funds and Paying Recruiters to Refer Medicaid Beneficiaries to His Dental Office in Exchange for Kickbacks
Greenbelt, Maryland – Edward T. Buford III, age 70, of Silver Spring, Maryland, pleaded guilty on May 4, 2022, to conspiracy to commit mail fraud …
U.S. bond funds record outflows for 17th week in a row
(Reuters) – U.S. investors remained net sellers of bond funds in the week to May 4 as the economy’s rising inflationary challenges fanned caution ahead …
Global bond funds post massive outflows in the week to May 4
(Reuters) – Global bond funds faced big outflows in the week to May 4 as soaring inflationary pressure fueled caution ahead of the Federal Reserve’s …
Former Pleasanton Resident Pleads Guilty To Theft Of COVID-19 Relief Funds
OAKLAND – Javed Wahab pleaded guilty today to theft of government property in connection with a scheme to steal funds designed to aid medical providers …