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…
Monmouth County union manager avoids going to prison for embezzling funds
An administrative manager of a carpenters’ union pension fund was sentenced today to six months of home confinement and three years of probation for embezzling approximately $140,000 and falsifying a U.S. government…
Former GOP Senate Aide Charged With Funneling Russian Funds To Trump Campaign
Former GOP Senate Aide Charged With Funneling Russian Funds To Trump Campaign Bronson Winslow on November 18, 2022 A former GOP Senate aide was convicted Thursday for his role in “funneling” foreign…
Silver Spring Dentist Sentenced to More Than Two Years in Federal Prison for Scheme to Fraudulently Obtain Medicaid Funds by Recruiting Medicaid Beneficiaries Through the Payment of Kickbacks and Bribes
Greenbelt, Maryland – U.S. District Judge Theodore D. Chuang today sentenced Edward T. Buford III, age 70, of Silver Spring, Maryland, to 30 months in federal prison, followed by three years of…
China broadens private pension scheme with new participants, products
SHANGHAI (Reuters) -China broadened its private pension scheme on Friday, allowing qualified banks and wealth companies to start individual pension businesses, and published a list of mutual fund products eligible under a…
Michigan Man Sentenced for Scheme to Obtain COVID Relief Funds in a Dozen Different States
BOSTON – A Michigan man was sentenced today in federal court in Boston for his involvement in a fraudulent scheme to obtain COVID-19-related unemployment assistance and small business loans in 12 different…
Hungary govt sees ‘good chance’ for deal on EU funds within weeks
BUDAPEST (Reuters) -Hungary’s government is doing its best to meet its commitments to Brussels and there is a “good chance” of sealing a deal on European Union funds within weeks, Prime Minister…
Asian hedge funds amassed China’s Pinduoduo, ditched JD.com in Q3
By Summer Zhen HONG KONG (Reuters) – Some of Asia’s largest hedge funds scooped up large stakes in Chinese e-commerce giant Pinduoduo in the third quarter while cutting holdings in its rival…
Accountant Charged with Misappropriating Funds from New Orleans Band
NEW ORLEANS – U.S. Attorney Duane A. Evans announced the filing, on November 10, 2022, of a one-count bill of information charging ALICE C. “SHANNON” CHABAUD, age 79, of New Orleans, with…
White House to ask for $10 billion in public health funds by year end -report
(Reuters) – Officials from U.S. President Joe Biden’s administration are finalizing a request this week for about $10 billion in public health funds by the end of the year, The Washington Post…
China allows property developers to access some pre-sale funds
BEIJING (Reuters) – China’s financial regulator will allow property developers to access some pre-sale housing funds, it said in a notice published on Monday, the latest move to ease a liquidity crunch…
Alameda, FTX executives knew crypto exchange was using customer funds – WSJ
(Reuters) – FTX-affiliated crypto trading firm Alameda Research’s Chief Executive Officer Caroline Ellison and senior FTX officials knew that the crypto exchange had lent Alameda its customer funds to help meet liabilities,…
Money leaves US equity funds for first time in four weeks
(Reuters) – U.S. equity funds saw money outflows for the first time in four weeks in the week to Nov. 9 as investors braced for the midterm elections and the release of…
EU says Hungary made ‘significant step’ to get recovery funds – source
By Gabriela Baczynska BRUSSELS (Reuters) – Hungary made a “significant step” towards securing billions in economic stimulus funds by accepting European Union demands on the independence of the judiciary, an official with…
Global equity funds register outflows after two weeks of net buying
(Reuters) – Global equity funds registered net outflows for the first time in three weeks in the week to Nov. 9, undermined by caution ahead of the U.S. midterm election results and…
Crypto broker Genesis discloses locked funds on FTX
(Reuters) – U.S. cryptocurrency broker Genesis Trading disclosed its derivatives business has approximately $175 million in locked funds on FTX, the company said Thursday in a Twitter post. Gensesis said its operating…
CNBC Anchor Reveals Poll Showing Some Want To Use Student Loan Forgiveness Funds On ‘Travel And Dining Out’
CNBC Anchor Reveals Poll Showing Some Want To Use Student Loan Forgiveness Funds On ‘Travel And Dining Out’ Harold Hutchison on November 9, 2022 A CNBC anchor revealed Wednesday that most beneficiaries…
23-Year-Old Funds Lavish Lifestyle Through Fraud
When 23-year-old J. Nicholas Bryant realized couldn’t afford the lavish lifestyle he wanted – complete with luxury limo rides, fully-stocked charter flights, and a private outing on a 90-foot yacht – he…
Florida Man Sentenced to 45 Months in Prison for Laundering Funds Related to $50 Million Wire and Securities Fraud Scheme
NEWARK, N.J. – A Florida man was sentenced to 45 months in prison for laundering funds obtained from a $50 million internet-enabled fraud scheme, U.S. Attorney Philip R. Sellinger announced today. Denis…
Charity Operator Charged with Diverting Millions of Dollars of Charitable Funds and Evading Federal Income Tax
MIAMI – Douglas Sailors, 71, formerly of Parkland, Fla., and now living in Owensboro, Ky., was charged with conspiracy to commit mail and wire fraud as well as subscribing to a false…
Hungary picks PwC partner to lead new anti-graft body overseeing EU funds
BUDAPEST (Reuters) – Hungary’s State Audit Office has picked PricewaterhouseCoopers forensic partner Ferenc Biro to lead a new anti-graft body to be launched by mid-November as part of efforts to regain access…
U.S. SEC to vote on proposing new liquidity, pricing rules for mutual funds
(Reuters) – The U.S. Securities and Exchange Commission on Wednesday will vote on proposing new rules aimed at better preparing the mutual fund industry for distressed market conditions, including a new pricing…
U.S. SEC to vote on proposing new liquidity, pricing rules for mutual funds
(Reuters) – The U.S. Securities and Exchange Commission on Wednesday will vote on proposing new rules aimed at better preparing the mutual fund industry for distressed market conditions, including a new pricing…
Domestic share buyers step in as foreign funds flee China
By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI (Reuters) – As foreign funds head for the exit, Chinese stock investors are snapping up beaten-down shares of mainland firms, betting outside views of…
Former West Haven Employee and State Representative Admits Stealing COVID Relief and Other City Funds
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, David Sundberg, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, and Christina D. Scaringi,…
US equity funds received biggest inflow in 18 weeks – Lipper
(Reuters) – U.S. equity funds received their biggest inflow in 18 weeks in the week ended Oct. 26, buoyed by hopes that the Federal Reserve would slow the pace of its interest…
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