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…
U.S. Treasury approves $940 million in small business capital funds for nine states
By David Lawder WASHINGTON – The U.S. Treasury Department on Monday said it approved nine state plans for the State Small Business Credit Initiative worth $940 million, bringing total approvals under the…
U.S. equity funds record third weekly outflow in a row
(Reuters) – U.S. equity funds witnessed outflows for the third week in a row in the week ended July 13, on pessimism over economic growth and earnings outlook as companies are hit…
Former Mayor of Stonecrest sentenced to prison for stealing COVID-19 relief funds
ATLANTA – Jason Lary, the former Mayor of the City of Stonecrest, has been sentenced for using his elected office to steal hundreds of thousands of dollars in federal COVID-19 relief funds…
Butler Woman Pleads Guilty to Theft of Government Funds
PITTSBURGH, PA – A resident of Butler, Pennsylvania, has pleaded guilty to charges relating to Social Security fraud, United States Attorney Cindy K. Chung announced today. Amy Lynn Snow, age 54, pleaded…
Baton Rouge Man Sentenced to 41 Months Imprisonment for Embezzling Funds from the New Orleans Firefighters Pension and Relief Fund
NEW ORLEANS, LA – On July 12, 2022, United States District Court Judge Greg Guidry sentenced WAYNE TRICHE, 72, of Baton Rouge, Louisiana, to forty-one (41) months imprisonment, announced U.S. Attorney Duane…
Credit Suisse delays real estate fund’s float due to market turbulence
ZURICH – Credit Suisse has postponed the initial public offering of its 1a Immo PK real estate fund, the bank said on Wednesday, citing current market turbulence. Preparations for the float were…
Wife of Former West Haven City Employee Admits Role in Scheme to Steal COVID Relief Funds
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, announced that LAUREN DiMASSA, formerly known as LAUREN KNOX, 38, of West Haven, pleaded guilty today before U.S. District Judge Omar…
Protests Rage As Chinese Banks Won’t Let People Withdraw Their Funds
Protests Rage As Chinese Banks Won’t Let People Withdraw Their Funds Jack McEvoy on July 11, 2022 Crowds of Chinese bank customers demonstrated outside a bank on Sunday over bank accounts that…
Exclusive: Alibaba’s Freshippo seeks funds at much lowered $6 billion valuation – sources
By Kane Wu HONG KONG – Alibaba’s supermarket chain Freshippo is seeking to raise funds at a valuation of about $6 billion, much lower than a hoped-for valuation of up to $10…
Newark, Ohio woman sentenced for stealing Social Security and pension funds
COLUMBUS, Ohio – Cindy S. Hardway stole more than $250,000 over 15 years by continuing to claim her father’s pension and Social Security benefits after he passed away. The 62-year-old Newark woman…
U.S. bond funds see weekly inflows after four weeks
(Reuters) – Investors were net buyers of U.S. bond funds in the week ended July 6 as rising worries over economic growth increased demand for safe-haven U.S. debt. According to Refinitiv Lipper…
Global equity funds see a second weekly outflow on slowdown worries
(Reuters) – Global equity funds faced a second straight week of outflows in the week to July 6, as investors remained concerned about a global economic slowdown and recession risks due to…
Chicago Attorney Sentenced to Federal Prison on False Statement and Tax Offenses in Connection with Funds Received from Failed Bank
CHICAGO — A federal judge today sentenced a Chicago attorney to four months in prison for false statement and tax offenses in connection with funds he received from the failed Washington Federal…
North Bay Accountant Sentenced To 29 Months In Prison For Bank Fraud, Embezzlement Of Credit Union Funds, And Tax Evasion In Connection With Schemes To Defraud Cavallo Point Lodge And Redwood Credit Union
SAN FRANCISCO – Stephanie Simontacchi was sentenced to 29 months in prison for bank fraud, embezzlement of credit union funds, and tax evasion in connection with schemes to use her access as…
Klarna in talks to raise fresh funds at roughly $6 billion valuation -source
By Anirban Sen (Reuters) -Swedish payments firm Klarna Bank AB is nearing a deal to raise fresh capital at a valuation of about $6 billion from existing investors led by Sequoia Capital,…
Two Women Charged with Wire Fraud for Stealing Millions in COVID Relief Funds
ST. PAUL, Minn. – Two women have been charged with engaging in fraud schemes to steal millions of dollars in COVID-19 relief funds, announced U.S. Attorney Andrew M. Luger. According to court…
Global investors turn sellers in equity funds on recession fears
(Reuters) – Global equity funds faced outflows in the week to June 29, as recession fears crept higher, with major central banks looking keen to raise interest rates further to tame soaring…
Investors turn net sellers of U.S. equity funds on slowdown worries
(Reuters) – U.S. investors turned net sellers of equity funds in the week ended June 29, as they fretted over the impact of hefty rate increases on the U.S. economy, with data…
California and New Hampshire Men Indicted for Attempting to Fraudulently Obtain $5 Million in CARES Act Funds
CONCORD – Pierre Rogers, 43, of Irvine, California, and Joshua Leavitt, 40, of Northwood, New Hampshire were indicted by a federal grand jury on Monday and…
Hungary targets deal on EU development funds by autumn – minister
BUDAPEST – Hungary expects to sign an agreement with the European Union by the autumn over 22 billion euros ($23 billion) of development funds under the bloc’s 2021-2027 budget, the country’s economic…
Charlotte Woman Pleads Guilty To Wire Fraud Conspiracy For Falsely Obtaining Coronavirus Relief Funds
CHARLOTTE, N.C. – Yesenia Rodriguez, 25, of Charlotte, appeared before U.S. Magistrate Judge David S. Cayer today and pleaded guilty to conspiring to commit wire fraud for fraudulently obtaining over $100,000 in…
Colorado Couple Indicted for Fraud and Illegally Obtaining COVID-19 PPP Funds
DENVER – The U.S. Attorney’s Office for the District of Colorado announces Ronald Philip Wallace, age 65, and Stace Yater Wallace, age 67, were indicted by a federal grand jury on June…
Former St. Louis postal union president gets probation, house arrest for embezzling union funds
ST. LOUIS – U.S. District Judge Rodney W. Sippel on Tuesday sentenced the former president of a local postal workers union to five years of probation and six months of house arrest…
Hedge funds turn tail as commodities crumble on recession rumble: McGeever
By Jamie McGeever ORLANDO, Fla. – Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of years, but it is fast losing…
Former New Bedford Police Union Treasurer Sentenced for Stealing Union Funds
BOSTON – A former New Bedford Police Department (NBPD) officer and NBPD Union Treasurer was sentenced today for stealing nearly $50,000 in union funds. Joshua Fernandes, 41, of New Bedford, was sentenced…
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