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. equity funds post a third weekly outflow
(Reuters) – U.S. equity funds witnessed a third weekly outflow in the week to April 27 as investors worried about slowing global growth and a more aggressive Federal Reserve. According to Refinitiv…
Weekly inflows in global money market funds hit a 6-month high
(Reuters) – Global money market funds obtained massive inflows in the week to April 27 as investors rushed to safer assets on concerns over economic slowdown, surging inflation and the war in…
Foreign funds fret geopolitics taints China yuan, markets :Mike Dolan
By Mike Dolan LONDON – Paradigm lost? A long-held view among many investors that China’s currency and markets would one day sit at the centre of world finance to match the second…
China nudges mutual funds to offer pension products, stabilise markets
SHANGHAI – China’s securities regulator nudged mutual funds to develop fund products for private pensions and asked them to stabilise markets, as Chinese equities witness a downturn that has pushed benchmarks to…
Florida Man Pleads Guilty To Covid-19 Related Fraud And Identity Theft Offenses In Connection With A Scheme To Unlawfully Obtain Pandemic Unemployment Assistance Funds
SCRANTON- The United States Attorney’s Office for the Middle District of Pennsylvania announced that Jorice Williams Dennard, age 25, of Tampa, Florida, pleaded guilty today before United States District Court Judge Robert…
Russian court orders seizure of $7 million in Google’s Russian funds, property – reports
(Reuters) – A Moscow court has ordered the seizure of 500 million roubles ($7 million) worth of Google’s property and funds in Russia, news agencies said, in a lawsuit concerning restrictions the…
Hedge funds lure biggest inflow in 7 years in Q1-HFR
NEW YORK – Investors poured $19.8 billion into hedge funds in the first quarter, the biggest inflow of money since the second quarter of 2015, lured by gains some funds are posting…
U.S. equity funds post biggest weekly outflow in more than 4 months
(Reuters) – U.S. equity funds faced big outflows in the week to April 20 as concerns over economic growth, rising yields and prospects of aggressive monetary policy steps to stem inflation fanned…
Global equity funds see biggest weekly outflows since December
(Reuters) – Global equity funds faced massive outflows in the week to April 20, on concerns over growth due to the Russia-Ukraine war, impending rate hikes by major central banks and a…
European equity funds hit by 10th straight week of outflows -BofA
LONDON – European equity funds suffered a tenth straight week of outflows at $2.9 bln, with financials leading the losses, a BofA report citing EPFR data on Friday showed. According to the…
Former Paralegal for Chicago Law Firm Charged With Embezzling Bankruptcy Estate Funds
CHICAGO — A former paralegal for a Chicago law firm has been indicted for allegedly embezzling more than $600,000 from bankruptcy estate accounts. BECKY LOUISE SUTTON fraudulently embezzled the funds from 2009…
Federal Civil Complaint Seeks The Forfeiture Of Funds Stolen From A California-Based Business And Transferred by Money Mules
Charlotte, N.C. Today, U.S. Attorney Dena J. King announced the filing of a federal civil complaint seeking the forfeiture of $597,891.46, seized as part of an investigation of at least three individuals…
GreenLake Funds $39,500,000 Loan for Hotel in Cape May, NJ, and Event Center in Randolph, NJ
CAPE MAY, N.J., April 20, 2022 — Los Angeles based GreenLake Asset Management LLC (“GreenLake”) has funded a $39,500,000 acquisition loan for a beachfront hotel in Cape May, NJ, and a former…
Former Tri-State Airport Official Pleads Guilty to Theft of Federal Funds
HUNTINGTON, W.Va. – An Ohio woman pleaded guilty today to theft of federal funds after embezzling nearly $49,500 from the Huntington Tri-State Airport while employed as its finance director. According to court…
FORMER ACCOUNTING SUPERVISOR PLEADS GUILTY TO EMBEZZLING FUNDS FROM JOHNSON CO. DISTRICT COURT
KANSAS CITY, KAN. – A Kansas woman pleaded guilty today to federal charges of wire fraud and filing a false tax return related to a scheme to embezzle money from the Johnson…
Portland Housekeeper Pleads Guilty to Wire Fraud after Stealing Covid-Relief Funds
PORTLAND, Ore.—A Portland area housekeeper pleaded guilty today for perpetrating a scheme to steal funds intended to help small businesses during the COVID-19 pandemic. Kimberly Aralene Wells, 40, a resident of Portland,…
Goldman CEO, top deputies to get cut of profits from bank’s private investment funds – WSJ
(Reuters) – Goldman Sachs Chief Executive David Solomon and his top deputies will get a part of profits from the bank’s private investment funds, the Wall Street Journal reported on Tuesday, citing…
Column-Hedge funds’ bullish dollar view distorted by yen outlier: McGeever
By Jamie McGeever ORLANDO, Fla. – Hedge funds remain bullish on the dollar, holding a net long dollar position in currency futures markets for more than nine months. But remove the Japanese…
Portland Man Sentenced to Federal Prison for Stealing Covid-Relief Funds
PORTLAND, Ore.—A Portland man was sentenced to federal prison today for perpetrating a scheme to steal funds intended to help small businesses during the COVID-19 pandemic. Benjamin Tifekchian, 48, was sentenced to…
U.S. equity funds post biggest weekly outflow in four months
(Reuters) – U.S. equity funds faced heavy outflows in the week to April 13, as investors were spooked by rising yields and fears that the impending monetary tightening from the Federal Reserve…
Global bond funds see big outflows in week to April 13
(Reuters) – Global bond funds witnessed massive money outflows in the week to April 13, as investors were worried that the Federal Reserve would start tightening its policy more aggressively to contain…
Chester County Man Sentenced to Over 2 ½ Years for Stealing Pandemic Unemployment Assistance Funds While Incarcerated
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Kenneth L. Huggins, Jr., 25, of Coatesville, PA, was sentenced to two years and nine months in prison, and three years of…
Philadelphia Man Sentenced to 6 ½ Years in Prison for Stealing Nearly $1 Million in PPP Funds
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Devron Brown, 50, formerly of Philadelphia, PA, was sentenced to six years and six months in prison, five years of supervised release,…
Blackrock sees opportunity for three new renewable energy funds
SAO PAULO – Blackrock Inc’s CEO Larry Fink said on Wednesday the world’s biggest asset manager forecasts the launch of three infrastructure funds focused on renewable energy, as the war in Ukraine…
Physician Partners of America to Pay $24.5 Million to Settle Allegations of Unnecessary Testing, Improper Remuneration to Physicians and a False Statement in Connection with COVID-19 Relief Funds
Physician Partners of America LLC (PPOA), headquartered in Tampa, Florida, its founder, Rodolfo Gari, and its former chief medical officer, Dr. Abraham Rivera, have agreed to pay $24.5 million to resolve allegations…
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