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…
Bank Teller Sentenced for Embezzling Customer Funds
NEW ORLEANS, LA – U.S. Attorney Duane A. Evans announced that DEMETRIA MYERS SILVIO, age 32, of New Orleans, Louisiana, was sentenced on March 15, 2022 for Wire Fraud, in violation of…
Former City of Chicago Alderman Sentenced to More Than a Year in Federal Prison for Using Political Funds To Pay Personal Expenses
CHICAGO — Former City of Chicago Alderman RICARDO MUNOZ was sentenced today to 13 months in federal prison for using money from a political fund to pay personal expenses. While serving as…
‘Sustainable’ funds are no more green than traditional products, study finds
LONDON – Investment funds that market themselves as sustainable under European rules get similar levels of “green revenues” through the companies they invest in as traditional funds, according to a new study…
Demand for sustainable funds wanes as Ukraine war puts focus on oil and gas
By Patturaja Murugaboopathy and Simon Jessop LONDON – Demand for sustainable stock funds waned in February as Russia’s invasion of Ukraine hit investor sentiment and higher gas prices and energy security fears…
Former Syracuse Social Security Administration Employee Sentenced for Aggravated Identity Theft and Theft of Funds
SYRACUSE, NEW YORK – Sean Okrzesik, age 34, of Syracuse, was sentenced today to serve 25-months in federal prison on charges of aggravated identity theft and theft of Supplemental Security Income (SSI) benefits. …
Metairie Woman Indicted for Theft of More Than $76,000 In Social Security Funds
NEW ORLEANS, LOUISIANA – U.S. Attorney Duane A. Evans announced that RACHEL COONEY, age 37, of Metairie, Louisiana was indicted on March 11, 2022 for Theft of Government Funds, in violation of…
Individual Indicted and Arrested for Laundering More Than $360,000 of Unemployment Benefits and Pandemic Unemployment Assistance Funds
SAN JUAN, P.R. – On March 10, 2022, the Federal Grand Jury in the District of Puerto Rico returned an indictment charging Martín Scamaroni-Cintrón with money laundering violations related to fraudulently obtained…
Carbon County Woman Charged With Theft Of Government Funds
SCRANTON- The United States Attorney’s Office for the Middle District of Pennsylvania announced that a former Postal contractor, Rachele Ostrowe, age 39, of Jim Thorpe, Pennsylvania, was indicted by a federal grand…
Additional COVID relief funds will not be in U.S. government funding bill -Pelosi
WASHINGTON – The U.S. Congress has stripped additional coronavirus relief funds from its government funding bill, after opposition from some Republican and Democratic lawmakers, House Speaker Nancy Pelosi said in a letter…
Global funds with exposure to Russia faced big outflows in Feb
– Global mutual funds and exchange-traded funds with significant exposure to Russian equities and bonds have seen massive outflows and an erosion in their net assets over the past month, according to…
More than half of U.S. Treasury rent relief funds deployed through January -Adeyemo
By David Lawder WASHINGTON – More than $25 billion from the U.S. Treasury Department’s Emergency Rental Assistance program has been spent or obligated over the past year through January 2022, Deputy U.S.…
Georgia man who used COVID relief funds to buy Pokemon card sentenced to prison
DUBLIN, GA: A Laurens County, Georgia man has been sentenced to federal prison after admitting he lied to obtain a COVID-19 disaster relief loan, then used a large portion of the money…
Amtrak Employee Charged with Cares Act Fraud and Theft of Government Funds
NEW ORLEANS – U.S. Attorney Duane A. Evans announced that STACEY V. SANTEMORE, SR., age 46, formerly of New Orleans but now a resident of Houston, Texas, was charged on March 3,…
U.S. money market funds see big inflows as Ukraine conflict intensifies
– U.S. investors were rushing to invest in money market funds as the conflict between Russia and Ukraine intensified, fuelling worries about inflation and economic growth. U.S. money market funds drew a…
Global equity funds see biggest weekly outflow since mid-Dec
– Global equity funds saw massive outflows in the week to March 2 as investors sought safer havens for their assets amid Russia’s invasion of Ukraine. Investors offloaded global equity funds worth…
Factbox-The funds that have large Russia exposure
By Davide Barbuscia NEW YORK – Overseas investors in Russia have tens of billions invested in the country’s stocks and bonds, according to Morningstar data. U.S. asset managers like Capital Group, Blackrock…
Brockton Woman Sentenced for Stealing Veterans Affairs Funds
BOSTON – A Brockton woman was sentenced today in federal court in Boston for stealing veteran affairs benefits. Robin Calef, 62, was sentenced by U.S. Senior District Court Judge Douglas P. Woodlock…
Fidelity Investments says more than 92% of its funds have no Russian securities
BOSTON – Fidelity Investments on Tuesday said more than 92% of its mutual funds do not have any investment in Russian securities, as of the latest disclosures. In a statement sent by…
Carlisle Woman Sentenced For Illegal Monetary Transactions Involving Covid-19 Relief Funds
HARRISBURG- The United States Attorney’s Office for the Middle District of Pennsylvania announced that on February 28, 2022, Christina McConnell, age 43, of Carlisle, Pennsylvania, was sentenced by United States District Court…
Asset managers freeze $3 billion in Russia funds in market turmoil
By Carolyn Cohn and Simon Jessop LONDON -Asset managers including France’s Amundi and BNP Paribas, Britain’s HSBC and Switzerland’s Pictet have frozen Russia-focused equity funds totalling over $3 billion in assets, as…
Inflation-protected funds see big outflows after feverish 2021
By Patturaja Murugaboopathy – Global inflation-protected bond ETFs have seen huge outflows this year, despite rising inflation levels, as investors prepare for price pressures to be tamed eventually by central banks. According…
Exclusive-Connecticut treasurer orders pension funds to divest Russian assets
By Ross Kerber Connecticut Treasurer Shawn Wooden on Tuesday will direct state pension funds to sell Russian assets, one of the most direct steps by a U.S. pension official to date in…
Red Cross seeks funds for Ukraine aid, access to detainees
GENEVA – Red Cross agencies appealed on Tuesday for 250 million Swiss francs ($273 million) to provide food, water and shelter to millions of people in Ukraine where the humanitarian situation is…
California pension leaders differ on Russia divestment
By Ross Kerber BOSTON -Top California pension leaders on Monday offered different takes on whether the state’s big retirement funds should divest from Russian assets in the wake of the invasion of…
Multiple investors file to end Allianz lawsuits over funds collapse
FRANKFURT -A number of big investors on Monday filed to end their lawsuits against Allianz after a settlement was reached over their losses in a multibillion-dollar trading debacle at the German asset…
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