Funds

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 …

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 …

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 …

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 …

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 …

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 …

(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 …

(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 …

            WASHINGTON – A former Congressional staffer pleaded guilty today to theft of public funds in connection with his scheme to fraudulently inflate his salary …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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) …

– 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. …

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 …

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 …

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 …

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 …

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 …

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 …