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…
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 of International Monetary Fund money, Pakistani sources…
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. Federal Reserve’s policy meeting and on lingering…
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 fund managers to look for ways to…
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, pleaded guilty to one count of theft…
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, pleaded guilty to one count of theft…
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 Swalwell is not allowed to use money…
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 are suing the U.S. Department of Agriculture…
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 just 30% have set a target to…
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 boost the supply of affordable housing, including…
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 (which he has already served), and three…
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 based on his convictions for embezzling $2.1…
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 Monday. In a letter to the editor…
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 (PPP) and Economic Injury Disaster Loan 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, Washington, has pleaded guilty to felony charges…
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 of the Federal Reserve’s policy meeting next…
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 Union governments to suspend some of the…
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 declared legally incompetent, as well as stealing…
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, 3 years of supervised release, and was…
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 York Division, and Thomas P. DiNapoli, 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 Thursday. Amid high volatile across markets, investors…
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, bank fraud, wire fraud, and misapplication of…
Toshiba selects Bain, CVC, Brookfield, Japan funds for second round – sources
By Makiko Yamazaki and Takaya Yamaguchi TOKYO – Japan’s Toshiba Corp has selected four bidders including private equity firms Bain Capital, CVC Capital Partners and Brookfield Asset Management to proceed to a…
Richmond Community College Director Sentenced for Stealing Student Financial Aid Funds
RICHMOND, Va. – A Richmond woman was sentenced today to 63 months in prison for orchestrating a six-year scheme to defraud the United States Department of Education and the Commonwealth of Virginia…
U.S. sustainable funds returned to inflows in June – report
By Cole Horton (Reuters) – Investors resumed deposits into U.S. sustainable funds last month, marking a return to the norm after net withdrawals in May broke a three-year streak of monthly inflows,…
Analysis-Banks’ snubbing of junk-rated loan funds worsens financing logjam
By Chibuike Oguh NEW YORK – A decision by banks to change how they invest spare capital is limiting their ability to extend loans to companies with weak balance sheets during the…
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