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. money market funds say SEC draft rule would kill some products
WASHINGTON – U.S. asset managers are pushing back on draft rules aimed at fixing systemic risks in the $5 trillion money market funds industry, arguing that one of the proposed measures would…
Italy cuts growth impact of Recovery Plan, EU funds
By Giuseppe Fonte and Gavin Jones ROME – Italy has reduced its estimates for the economic growth impact of European Union funds and reforms connected with its Recovery Plan, a Treasury document…
U.S. bond funds post outflows for 13th week in a row
(Reuters) – U.S. investors remained net sellers of bond funds in the week to April 6 on rising prospects of rapid reductions to the Federal Reserve’s balance sheet alongside steady increases in…
European equity funds notch big inflows in week to April 6
(Reuters) – European equity funds attracted heavy inflows in the week ended April 6 as the Russia-Ukraine conflict whetted investor appetite for defence and energy stocks, while other regions posted outflows on…
Former Congressional Staffer Pleads Guilty to Theft of Public Funds
WASHINGTON – A former Congressional staffer pleaded guilty today to theft of public funds in connection with his scheme to fraudulently inflate his salary and bonus…
North Providence Man Admits to Wire Fraud, Theft of Government Funds
PROVIDENCE, R.I. – A North Providence man who lives and works in Rhode Island today admitted that he filed COVID-relief unemployment applications in at least two other states, collecting more than $20,000…
Lancaster County Woman Charged With Theft Of Government Funds
HARRISBURG – The United States Attorney’s Office for the Middle District of Pennsylvania announced today that Sally Schrom, age 66, of Mountville, Pennsylvania, was charged in a criminal information with theft of…
Portland Man Sentenced to Federal Prison for Stealing Covid-Relief Funds
PORTLAND, Ore.—On March 30, 2022, a Portland man was sentenced to federal prison for perpetrating a scheme to steal funds intended to help small businesses during the COVID-19 pandemic. Eric Wade Lysne,…
NHA Director Of Information Technology Admits Embezzling Funds To Purchase Thousands Of Electronic Devices
NEWARK, N.J. – Newark Housing Authority (NHA)’s former director of information technology admitted using his position to embezzle NHA funds to purchase cellular telephones and other electronic devices, U.S. Attorney Philip R.…
As good as gold? Bullion funds grapple with ethical investing
By Peter Hobson LONDON – Want to invest in ethical gold? It’s harder than it looks. A push by investment funds to avoid bullion from unethical sources by buying newly made bars…
Houma Woman Charged With Theft of Government Funds
NEW ORLEANS – United States Attorney Duane A. Evans announced that NICOLE COCKERHAM (“COCKERHAM”), age 42, of Houma, Louisiana, was charged on March 28, 2022 by a bill of information for Theft…
Chief Financial Officer Of Connecticut Insurance Firm Sentenced In $33 Million Scheme To Steal Client Healthcare Funds And Defraud Multiple Lenders
Damian Williams, the United States Attorney for the Southern District of New York, announced today that ERIN VERESPY was sentenced to 66 months in prison for her participation in a widespread, $33…
Former Financial Secretary-Treasurer of UAW Local 412 Pleads Guilty to Embezzling Over $2 Million in Union Funds
DETROIT, MI – Timothy Edmunds, the former Financial Secretary-Treasurer of Local 412 of the United Auto Workers union, pleaded guilty today to embezzling $2.2 million in union funds and to money laundering,…
CVC, other funds circle Telecom Italia’s service arm – sources
By Elvira Pollina and Giuseppe Fonte MILAN – CVC Capital Partners and rival private equity investors are looking at a potential investment into the services arm of Telecom Italia (TIM) under a…
U.S. equity funds post biggest weekly inflow in six weeks
– U.S. equity funds witnessed big inflows in the week to March 23 as markets focused on a Federal Reserve rate hike and Russia’s avoidance of a bond default. U.S. investors purchased…
Investors dump emerging market funds on slowdown worries
By Patturaja Murugaboopathy and Gaurav Dogra – Mutual funds that invest in emerging market (EM) equities and bonds have faced huge outflows over the past month, as the intensifying Russia-Ukraine crisis spawns…
Pamplona to liquidate funds linked to Mikhail Fridman’s LetterOne
By Pamela Barbaglia LONDON – Buyout firm Pamplona Capital Management said on Thursday it would liquidate every fund where Mikhail Fridman’s investment group LetterOne had any interest as it seeks to sever…
Global tech funds receive big inflows in the week to March 23
By Gaurav Dogra and Patturaja Murugaboopathy – Global tech funds are back in demand and investment inflows are surging as rising inflationary pressures and a selloff in bonds drive investors into a…
U.S. to offer funds of $2.9 billion for major infrastructure projects
By David Shepardson WASHINGTON – The White House will announce on Wednesday a funding opportunity of $2.9 billion earmarked by the Transportation Department for major infrastructure projects this year, as part of…
Key West Man Sentenced to 180 Months in Federal Prison for Laundering Victim Funds to Nigeria
Miami, Florida – A Key West man was sentenced yesterday to 180 months’ imprisonment for laundering approximately $1 million of victim funds that were illegally obtained from romance and investment fraud scams…
Two thirds of Luxembourg funds with big Russia exposure suspended, watchdog says
By Huw Jones and Carolyn Cohn LONDON – Two thirds of funds in Luxembourg with heavy Russian exposure have been suspended following the Ukraine invasion, the Grand Duchy’s securities regulator said on…
Column-Hedge funds go long dollars, curve steepeners before Fed lift-off: McGeever
By Jamie McGeever ORLANDO, Fla. – Hedge funds went into the Fed’s interest rate lift-off wagering on a stronger dollar and steeper U.S. yield curve, but have so far been wrong-footed as…
Ocean County Mayor Arrested for Misconduct, Theft of Municipal Funds
OCEAN GATE, NJ – Ocean Gate Mayor Paul Kennedy, 66, has been arrested and charged by the Ocean County Prosecutor’s Office after being caught diverting funds through his official capacity as mayor…
U.S. bond funds see money outflows for 10th straight week
– U.S. bond funds posted big outflows in the week to March 16 as another strong reading on U.S. inflation last week locked in expectations that the Federal Reserve will have to…
Global bond funds see outflows for tenth successive week
– Global bond funds saw money outflows for the tenth consecutive week in the week to March 16, as higher U.S. inflation levels evoked expectations that the Federal Reserve would need to…
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