NJ couple indicted in $2.3M Ponzi scheme used investor money to buy mansion
TRENTON, N.J. — A Middlesex County couple has been indicted by a state grand jury for allegedly orchestrating a Ponzi-style fraud that siphoned more than $2 million from investors through false promises…
Nevada man pleads guilty to $6.1 million investor fraud scheme
LAS VEGAS — A Nevada man admitted in federal court Thursday to orchestrating a multimillion-dollar investment fraud scheme, defrauding victims of more than $6.1 million over six years. Mykalai Kontilai, 55, of…
Real Estate Investor Admits to $54.7 Million Mortgage Fraud Scheme
TRENTON, NJ – Aron Puretz, a 53-year-old real estate investor from New Jersey, pleaded guilty today to participating in a sophisticated mortgage fraud conspiracy. Over several years, Puretz and his associates fraudulently…
Activist investor Nelson Peltz to vote for Donald Trump, FT reports
(Reuters) – Billionaire investor Nelson Peltz plans to vote for Donald Trump, citing concerns over 81-year-old President Biden’s fitness for office, the Financial Times reported on Tuesday. “It will probably be Trump…
DCNF Reporter Reveals How China-Linked Investor Owns Pentagon Contractor
DCNF Reporter Reveals How China-Linked Investor Owns Pentagon Contractor Harold Hutchison on March 16, 2024 A Daily Caller News Foundation reporter detailed how a Department of Defense (DOD) contractor is owned by…
New Jersey Investor Arrested for Operating $5 Million Ponzi Scheme at the Jersey Shore
NEWARK, NJ. – Vincent Dispoto Jr., a 66-year-old from Belmar, New Jersey, was arrested today on charges related to a fraudulent scheme spanning over three decades. The owner of the purported investment…
Volkswagen says preparation for PowerCo investor in 2024 unchanged
BERLIN (Reuters) -Volkswagen said it was sticking to its financing timeline for battery unit PowerCo to seek a strategic investor this year, after Bloomberg reported that it was pushing back its plans.…
Analysis-Evergrande liquidation highlights investor despair at China debts
By Laura Matthews and Tom Westbrook NEW YORK/SINGAPORE (Reuters) – A liquidation order for China’s most debt-laden developer begins a drawn-out process for creditors that is likely to lay bare the depths…
China fund with US stocks halts trading to calm investor fever
SHANGHAI (Reuters) – A Shanghai-listed fund that holds U.S. stocks took the unusual step of suspending trading on Friday, saying it was necessary to protect investors after prices hit record levels in…
Activist investor Peltz seeks ‘meaningful change’ on Disney board
By Dawn Chmielewski (Reuters) – Activist investor Trian Fund Management on Thursday pushed in a regulatory filing for election of its nominees to Walt Disney’s board of directors, saying fresh perspective can…
Hedge fund ValueAct Capital gained 39% in 2023 -investor
By Svea Herbst-Bayliss NEW YORK (Reuters) – ValueAct Capital, which has pushed for changes at companies ranging from Salesforce to Microsoft, returned 39% last year, an investor familiar with the numbers said…
Activist investor Elliott builds $1 billion stake in Tinder-owner Match-WSJ
(Reuters) -Activist investor Elliott Investment Management has built a roughly $1 billion stake in Match Group and plans to push the Tinder dating app owner to take steps to improve its performance,…
Euro zone investor morale gains in January -survey
FRANKFURT (Reuters) – Investor morale in the euro zone improved for the third consecutive month in January to its highest level since May, but a turnaround for the 20-country currency bloc is…
Ackman’s hedge fund Pershing Square gains 26.7% in 2023 – investor update
NEW YORK (Reuters) -Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management returned 26.7% last year, beating the broader stock market gains and bouncing back from a loss in the previous…
Analysis-US fintechs push into fixed-income trading as retail investor interest grows
By Hannah Lang (Reuters) – U.S. financial technology companies that popularized amateur stock trading are pushing into fixed income in a bid to capitalize upon growing retail investor interest sparked by soaring…
Activist investor Peltz reignites proxy battle with Disney
(Reuters) – Activist investor Nelson Peltz nominated himself and former Walt Disney executive James “Jay” Rasulo to the board of the 100-year-old media company on Thursday, his second attempt this year to…
Activist investor Elliott says Crown Castle CEO exit step in ‘right direction’
(Reuters) – Activist investor Elliott Investment Management said on Friday that the exit of Crown Castle CEO Jay Brown, who will be leaving in January, was a step in the “right direction”…
Euro zone investor mood improves but upswing elusive -survey
BERLIN (Reuters) – Investor morale in the euro zone improved at the start of December for the third month in a row, although it remained uncertain whether this was the start of…
Activist investor Ubben shutting down Inclusive Capital-sources
By Svea Herbst-Bayliss NEW YORK (Reuters) -Jeff Ubben, one of Wall Street’s most prominent activist investors, is shutting down Inclusive Capital Partners three years after starting the firm designed to focus on…
Activist investor Elliott readies board challenge at Crown Castle – letter
By Svea Herbst-Bayliss and Samrhitha A (Reuters) -Activist investor Elliott Investment Management on Monday said it was ready to nominate directors at Crown Castle International and push for the ouster of the…
Broadening of U.S. stock rally feeds investor optimism
By Lewis Krauskopf, David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) – Signs the U.S. stock market rally is broadening from the so-called Magnificent Seven of mega-cap growth and technology companies…
EIG CEO says consortium no longer willing to negotiate with Origin’s top investor
SYDNEY (Reuters) – EIG Partners CEO Blair Thomas said on Thursday the consortium behind the $10.6 billion bid for Origin Energy was “done” negotiating with top shareholder AustralianSuper in an attempt to…
German investor morale improves more than expected in November – ZEW
BERLIN (Reuters) -German investor morale improved more than expected in November, entering positive territory for the first time since April, the ZEW economic research institute said on Tuesday. The institute’s economic sentiment…
Bayer investor urges rethink after latest glyphosate defeat
By Patricia Weiss and Svea Herbst-Bayliss (Reuters) – Bayer investor Union Investment called on Wednesday for the German company to reconsider its litigation strategy for glyphosate and a key U.S. trial lawyer…
Marketmind: Lower yields lift investor spirits
A look at the day ahead in European and global markets from Kevin Buckland The pressure is coming off bond markets, taking pressure off every other market at the same time as…
Analysis-Europe’s hard-pressed payment firms face investor exodus
By Elizabeth Howcroft LONDON (Reuters) – A bleak economic outlook and tougher regulatory scrutiny are proving a final straw for investors in European payments company stocks, with signs some are giving up…
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