Nude beachgoers in New Jersey raise funds for body positivity causes
SANDY HOOK, NJ – Under clear skies and summer heat, visitors to Gunnison Beach shed more than just their clothes on July 12, joining International Skinny Dip Day to raise money for…
Asia’s stockpickers struggle in vintage year for big picture hedge funds
By Summer Zhen and Xie Yu HONG KONG (Reuters) – Asia’s hedge funds are heading for their worst showing in a dozen years, with long-short stockpickers wrongfooted by volatility in China, while…
Turnover surges as funds rush to exit private equity stakes
By Rae Wee SINGAPORE (Reuters) – Private equity holdings are being sold at a record clip in an opaque secondary market, investors say, as asset managers cash out to cover losses elsewhere…
U.S. equity funds gain first weekly inflow in four weeks
(Reuters) – U.S. equity funds saw net purchases in the week ended Dec. 14, as slowing inflation rates raised expectations that the Federal Reserve would cut back the pace of its interest…
Faraday Future slides on signaling need for funds to start production
(Reuters) – Shares of Faraday Future Intelligent Electric tumbled 21% premarket on Friday after the company unveiled production plans for its much-delayed luxury electric car that hinged on securing additional financing. The…
Global equity funds draw first weekly inflow after five weeks
(Reuters) – Global equity funds attracted their first inflow in six weeks in the week ended Dec. 14, with investors optimistic that easing inflation levels would prompt central banks to scale back…
Canadian Father And Son Indicted For Fraudulently Obtaining Over $8 Million In COVID-19 Relief Funds
Orlando, Florida – United States Attorney Roger B. Handberg announces the unsealing of a six-count indictment charging Evan Edwards (64, New Smyrna Beach) and Joshua Edwards (30, New Smyrna Beach) with federal…
Portland Man Sentenced to Federal Prison for Stealing Covid Relief Funds While on Post-Prison Supervision
PORTLAND, Ore.—A Portland man was sentenced to federal prison today for fraudulently applying for and receiving Covid relief program funds for a fictitious business entity just five months after finishing a 70-month…
Funds load up on exposure Down Under as China boost awaits
By Tom Westbrook SINGAPORE (Reuters) – Australia’s stockmarket is pulling in a growing slice of global investors’ funds, as the prospect of big dividends, relatively defensive performance and exposure to China’s reopening…
Hungary’s reforms not enough to unlock EU funds, European Commission says
BRUSSELS (Reuters) – Hungary has not implemented enough reforms to improve anti-corruption safeguards to grant Budapest billions of euros worth of EU funds, the European Commission said on Friday. (Reporting by Charlotte…
Ocala Man Indicted For Fraud Relating To COVID-19 Relief Funds
Ocala, Florida – United States Attorney Roger B. Handberg announces the return of an indictment charging Henry Troy Wade (45, Ocala) with six counts of wire fraud related to the Coronavirus Aid,…
U.S. equity funds register biggest weekly outflow in about 1-1/2 years
(Reuters) – U.S. equity funds posted enormous outflows in the week to December 7 as investors fretted over the Federal Reserve’s rate hikes, with data showing a rebound in employment and a…
Global equity funds record biggest weekly outflows in three months
(Reuters) – Outflows from global equity funds in the week ended Dec. 7 hit a three-month high on fears that interest rates could stay higher for longer than expected amid mounting worries…
Nine Indicted On Charges Involving Embezzlement Of Hundreds Of Thousands Of Financial Aid Funds From A Higher Education Institution
Tampa, Florida – United States Attorney Roger B. Handberg announces the unsealing of an indictment charging Andrea Mitchell (53, Tampa), Lester Best (54, Tampa), Gloria Gutierrez (51, Lakeland), Sylvester Robinson (57, Temple…
Venezuela opposition seeks to protect billions in humanitarian funds from creditors -sources
By Vivian Sequera and Mayela Armas CARACAS (Reuters) – Venezuelan opposition parties are seeking to protect billions of dollars in UN administered humanitarian funds from foreign creditors by keeping the details of…
China-Linked Hackers Stole Millions In COVID-19 Relief Funds, Secret Service Says
China-Linked Hackers Stole Millions In COVID-19 Relief Funds, Secret Service Says Bronson Winslow on December 5, 2022 Foreign hackers linked to the Chinese government allegedly stole at least $20 million in COVID-19…
West Haven Man Guilty of Role in Scheme to Steal City’s COVID-19 Relief Funds
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, today announced that a jury in Hartford federal court has found JOHN TRASACCO, 50, of West Haven, guilty of conspiracy and…
U.S. equity funds register biggest weekly outflow in over five weeks
(Reuters) – U.S. equity funds logged big outflows in the week to November 30 as investors booked profit after concerns over economic growth resurfaced due to protests in major Chinese cities against…
Global equity funds post biggest weekly outflow in six weeks
(Reuters) – Global equity funds recorded enormous outflows in the week ended on Nov. 30 as investors booked profits – after a rally in the last month – amid concerns about global…
Portland Woman Sentenced to Federal Prison for Stealing Covid Relief Funds While on Supervised Release
PORTLAND, Ore.—A Portland woman was sentenced to federal prison today for violating the terms of her post-prison supervised release by submitting two fraudulent applications for loans intended to help small businesses during…
Former Officers of Non-Profit Dedicated to Helping Children Plead Guilty to Using Organization’s Funds for Personal Gain
WASHINGTON – The former Executive Director and the former Director of Operations and Finance of the now-defunct non-profit organization DC Children and Youth Investment Trust Corporation…
Las Vegas Man Sentenced To Prison For Fraud Scheme Targeting Church Funds
LAS VEGAS — A Las Vegas man was sentenced today by U.S. District Judge Gloria M. Navarro to 45 months in prison followed by three years of supervised release for his role…
Australian regulator temporarily halts orders on two Perpetual funds
(Reuters) – Australian securities regulator on Friday directed a unit of asset manager Perpetual Ltd to stop offering or distributing two funds to retail investors on an interim basis due to significant…
Investors flock to short crypto funds, products as negative sentiment deepens -CoinShares
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Institutional investors rushed to crypto products that bet on price declines, posting record inflows, as the collapse of digital asset exchange FTX rippled across the…
Fed’s Daly: Currently expect fed funds rate to top out around 5%
NEW YORK (Reuters) – Federal Reserve Bank of San Francisco leader Mary Daly said on Monday she is still expecting the U.S. central bank to hike rates more and will likely lift…
Column-Hedge funds to Fed: you win: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) – Hedge funds have significantly increased their record bet on higher short-dated U.S. bond yields, confirming that whatever fight they had put up for an imminent…
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