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…
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 Detroit resident pleaded guilty today to conspiracy…
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 is devoting more federal resources than ever…
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 showed, as volatile markets sent many looking…
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 and charged by criminal complaint with wire…
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 peak of the U.S. interest rate hike…
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 million, bringing total approvals under the COVID-19…
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 ordered to pay over $402,000 in restitution…
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 years of supervised release, for fraudulent receiving…
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 stakes in mega-cap technology companies in the…
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 have come up trumps. The dollar last…
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. RICHARD A. MANDARINO entered false payment requests…
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 pace of its interest rate hikes as…
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 the Federal Reserve might not be too…
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 from their funds, helping them unlock billions…
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, as investors bet that the Federal Reserve…
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 foreign securities that were tied up by…
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 central bank assets in a letter sent…
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 to date, data provider HFR said on…
‘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 BlackRock Answer For Pushing ESG On State…
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 prompt the Federal Reserve to slow down…
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 Aug. 3, as investors favoured safety due…
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 help secure a new tranche worth 19…
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 to resolve a civil False Claims Act…
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 closely correlated with economic growth. Investors had…
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 spouse of a deceased veteran, as well…
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