BROOKLYN, NY — A licensed Brooklyn financial advisor has been indicted for allegedly orchestrating a Ponzi scheme that defrauded 10 clients out of approximately $1.24 million over nearly a decade,…
MIAMI — Efrain Betancourt, Jr., 36, a Colombian citizen, was arrested last week upon entering the United States and charged with orchestrating a $66 million Ponzi scheme through his South…
PHILADELPHIA, Pa. — A Burlington County, New Jersey man was sentenced to 37 months in federal prison for his involvement in two fraudulent business schemes that defrauded investors of approximately…
New York, NY — Levi & Korsinsky, LLP has initiated a lawsuit on behalf of investors who suffered losses due to alleged securities fraud by Humana between July 27, 2022,…
MINEOLA, NY – Nassau County District Attorney Anne T. Donnelly announced today that a former investment broker from Glen Cove has been sentenced to up to seven-and-a-half years in prison…
Investors are fading on green energy investment funds due to worries about the sector’s ability to grow and the possible return of former President Donald Trump to the White House,…
Disney shareholders on Wednesday voted down a bid by hedge fund Trian Partners to put two activist investors on the board to help boost the company’s stock price, according to…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Possible confusion over the new stock symbol for former President Donald Trump’s Truth Social saw some investor brokerage balances briefly jump by…
Truth Social To Go Public After Investors Approve Merger, Could Net Trump Billions Harold Hutchison on March 22, 2024 Shareholders of Digital World Acquisition Corporation (DWAC) voted to approve a merger…
By Sheila Dang (Reuters) – CEO Elon Musk said his ketamine prescription was beneficial for Tesla’s investors in a video interview with former CNN anchor Don Lemon posted online on…
(Reuters) – Former U.S. Treasury Secretary Steven Mnuchin is putting together an investor group to try to buy TikTok, he told CNBC on Thursday. His comment comes just a day…
By Deborah Mary Sophia (Reuters) – Home Depot’s annual forecast will be the prime focus for investors when the U.S. home improvement bellwether reports fourth-quarter results on Tuesday, as they…
(Adds graphic) By Carolina Mandl, Matt Tracy and Saeed Azhar NEW YORK/WASHINGTON (Reuters) -New York Community Bancorp’s exposure to commercial real estate has intensified investor scrutiny around regional banks, with…
By Shankar Ramakrishnan and Davide Barbuscia NEW YORK (Reuters) – The U.S. corporate bond market is set to break new issuance records as borrowers take advantage of lower financing costs…
By Elena Fabrichnaya MOSCOW (Reuters) – Moscow Exchange, Russia’s largest bourse, is hoping to see over 20 initial public offerings (IPOs) this year, it said on Wednesday, in a market…
(Reuters) – A rescue operation is underway in China’s equity markets with large and unusual flows into blue-chip funds suggesting a plunge by state-backed investors. It is unclear exactly who…
(Reuters) – A Delaware judge tossed out Elon Musk’s record-breaking $56 billion Tesla pay package on Tuesday, calling the compensation granted by the EV maker’s board “an unfathomable sum” that…
By Nell Mackenzie LONDON (Reuters) – Concern that hedge fund portfolios contain too many of the same trades has shot up the worry list for global investors with hedge fund…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Bond investors are expecting the Federal Reserve to drop its bias toward hiking interest rates at a policy meeting this week to prepare…
By Noel Randewich (Reuters) – Microsoft’s early lead in artificial intelligence has the software heavyweight’s stock market value poised to pull decisively ahead of Apple’s over the next five years,…
(Reuters) – Global investors reduced their holdings in equity funds in the week leading up to Jan. 24, exercising caution before a pivotal inflation report due on Friday and a…
(Reuters) – Foreign investors bolstered their positions in the rising Japanese stock market drawn by a depreciating yen that boosted exporter shares and a robust performance in the chip sector.…
(Reuters) – Shein’s investors are trying to sell shares in the private market at prices that value the Chinese online retailer as low as $45 billion, or a discount of…
WILMINGTON, Delaware (Reuters) – Billionaire Eddie Lampert must pay $18 million to shareholders of Sears Hometown and Outlet Stores Inc for short-changing them in 2019 when he bought out minority…
By Jihoon Lee and Cynthia Kim SEOUL (Reuters) – South Korean retail investors have been caught out by an 11% fall in a key Hong Kong stock market index this…