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…
US equity funds see biggest inflow in six weeks
– U.S. equity funds lured massive inflows in the week to Feb. 9 as upbeat earnings reports and signs of easing tensions in Ukraine boosted risk appetite. Refinitiv data showed U.S. equity…
Global equity funds see biggest inflow in six weeks
– Global equity funds drew massive inflows in the seven days to Feb. 9 as investors cheered strong earnings results from U.S. and European companies, shrugging off concerns over a rise in…
China property developers shares up on reports they may have more access to funds
HONG KONG -Shares of Chinese property developers climbed on Friday, following media reports that the sector is gaining easier access to presale proceeds from residential projects – the latest move by authorities…
U.S. dividend funds receive huge inflows as investors switch out of bonds
By Patturaja Murugaboopathy – U.S. investors are snapping up funds that invest in dividend-paying stocks as they search for stable income from alternatives to bond markets, which are being roiled by the…
Naughty nun who spent $835k in Catholic school funds gambling facing 40 years in prison
LOS ANGELES – Federal prosecutors today filed charges against a now-retired nun who was the principal of a Catholic elementary school in Torrance and who has agreed to plead guilty to fraud and…
One-Time EDD Employee Sentenced to More Than 5 Years in Prison for Fraudulently Obtaining Nearly $4.3 Million in COVID Relief Funds
RIVERSIDE, California – A former California Employment Development Department (EDD) employee was sentenced today to 63 months in federal prison for causing nearly 200 fraudulent COVID-related unemployment relief claims to be…
Global equity funds see biggest inflow in three weeks
– Global equity funds lured big inflows in the seven days to Feb. 2 on optimism over strong earnings from U.S. technology companies and on hopes that inflation would ease later this…
Richmond Community College Director Charged with Stealing Student Financial Aid Funds
RICHMOND, Va. – A federal grand jury returned an indictment yesterday charging a Richmond woman with orchestrating a nearly decade-long scheme to defraud the United States Department of Education and the Commonwealth…
Nearly Two Dozen Democrats Demand Biden Keep Climate Funds In Build Back Better
Thomas Catenacci on February 1, 2022 A group of 23 House Democrats demanded that President Joe Biden push for the same amount of funds for combating climate change that he previously backed.…
U.S. public pension funds seen turning to more ‘aggressive’ investment – report
NEW YORK – U.S. public pension funds will likely have to switch to more aggressive investment strategies in the coming years to fill funding gaps despite assets held by sovereign investors having…
U.S. equity funds see massive outflows on tech selloff
– U.S. investors ramped up their selling of equity funds in the week to Jan. 26, hit by a selloff in tech stocks, and the rising geopolitical tensions between Russia and Ukraine.…
Early data show January losses for stock picking hedge funds
– Hedge funds that specialize in picking stocks started 2022 with losses, investors and research firms said this week as markets went on a rollercoaster ride fueled by fears of rising interest…
Altice calls off Portugal sale over valuation row with buyout funds – sources
By Pamela Barbaglia and Sergio Goncalves LONDON – Altice Europe NV has ditched a plan to sell its Portuguese business after private equity bids failed to meet price expectations, leaving founder Patrick…
Hong Kong Exchange Fund’s 2021 investment income falls 27.7% y/y – HKMA
HONG KONG -Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$170.5 billion ($21.9 billion) in 2021, the Hong Kong Monetary Authority said on…
Stamford Man Who Fraudulently Obtained More Than $4 Million in Covid-19 Relief Funds Pleads Guilty
Moustapha Diakhate, 46, of Stamford, waived his right to be indicted and pleaded guilty today via video conference before U.S. District Judge Michael P. Shea to offenses related to his receipt of…
Portland Man Pleads Guilty to Bank Fraud After Stealing Covid-Relief Funds
PORTLAND, Ore.—A Portland man pleaded guilty today for perpetrating a scheme to steal funds intended to help small businesses during the COVID-19 pandemic. Benjamin Tifekchian, 47, pleaded guilty to bank fraud. According…
Federal Grand Jury Charges Former Chief Financial Officer of the City of Bardstown with Embezzling City Funds
LOUISVILLE, Ky – A federal grand jury in Louisville returned an indictment last week charging a former city official with embezzling over three-quarters of a million dollars from the City of Bardstown…
‘Substantial Reason’ To Believe GOP Lawmaker Misused Funds, Berated Staff, Ethics Panel Finds
The Office of Congressional Ethics (OCE) said Monday that it had “substantial reason” to believe that Republican Colorado Rep. Doug Lamborn misused official resources and solicited and accepted inappropriate gifts from his…
Woman Sentenced to Seven Years in Prison for Stealing Millions in Federal Funds from Huntington Children’s Charity
HUNTINGTON, W.Va. – A Chesapeake, Ohio, woman was sentenced to seven years in federal prison for stealing federal funds from River Valley Child Development Services (“RVCDS”), a non-profit organization located in Huntington.…
Funds see promise in battered Chinese real estate dollar bonds
By Samuel Shen and Andrew Galbraith SHANGHAI – Beaten-down dollar bonds issued by Chinese property developers are enticing domestic and global fund managers, some of whom are even planning to launch new…
Former Chick-fil-A Employees Sentenced for Scheme to Steal Funds
BIRMINGHAM, Ala. – A federal judge today sentenced two former Chick-fil-A employees for their roles in a conspiracy to defraud their former employer, announced U.S. Attorney Prim F. Escalona and U.S. Secret…
Philadelphia Man Charged with Stealing Nearly $200,000 in PPP Funds
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Omar White Oliver, 43, formerly of Philadelphia, PA, was arrested and charged by Indictment for his involvement in a scheme to unlawfully…
Former Vermont Man Pleads Guilty to Theft of Government Funds
CONCORD – Paul Gracey, 57, formerly of Vermont, pleaded guilty on Monday in federal court to theft of government funds, United States Attorney John J. Farley…
Former Senior Policy Advisor to City of Austin Official Pleads Guilty to Conspiring to Misapply Federal Funds and to Falsify Records
AUSTIN – A Dripping Springs man pleaded guilty today to conspiring to misapply federal funds and falsify records with the intent to impede, obstruct, or influence an investigation into a matter within…
Oregon Man Sentenced to Federal Prison and Ordered to Forfeit Over $18 Million in Stock and Properties After Stealing Millions in Covid-Relief Funds
EUGENE, Ore.—An Oregon man was sentenced to federal prison today after stealing millions of dollars in loans intended to help small businesses during the COVID-19 pandemic. Andrew Aaron Lloyd, 51, of Lebanon,…
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