ATLANTA – Jason Lary, the former mayor of Stonecrest, and Lania Boone, a bookkeeper for the entity that administered COVID-19 relief funds awarded to Stonecrest, have pleaded guilty to charges …
Topic:
Funds
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PITTSBURGH – A resident of Newell, Pennsylvania, pleaded guilty in federal court to a charge of theft and embezzlement from a program receiving federal funds, United States Attorney Cindy K. …
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By Andrea Shalal and Doina Chiacu WASHINGTON – The United States is seeking to free up half of the $7 billion in frozen Afghan central bank assets on U.S. soil …
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– 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 …
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– 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 …
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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 …
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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 …
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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 …
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One-Time EDD Employee Sentenced to More Than 5 Years in Prison for Fraudulently Obtaining Nearly $4.3 Million in COVID Relief Funds
by DOJ PressRIVERSIDE, 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 …
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– 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 …
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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 …
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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 …
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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 …
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– 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 …
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– 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 …
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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 …
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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 …
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Stamford Man Who Fraudulently Obtained More Than $4 Million in Covid-19 Relief Funds Pleads Guilty
by DOJ PressMoustapha 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 …
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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 …
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Federal Grand Jury Charges Former Chief Financial Officer of the City of Bardstown with Embezzling City Funds
by DOJ PressLOUISVILLE, 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 …
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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 …
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Woman Sentenced to Seven Years in Prison for Stealing Millions in Federal Funds from Huntington Children’s Charity
by DOJ PressHUNTINGTON, 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 …
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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 …
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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 …
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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 …