Ohio teacher busted for paying student $250 down payment in alleged murder-for-hire plot against husband
COLUMBUS, OHIO — A substitute teacher in Ohio is facing serious criminal charges after allegedly attempting to recruit a high school student to kill her husband during a contentious divorce, authorities said.…
Canadian National Sentenced in Connection with Ransomware Attacks Resulting in the Payment of Tens of Millions of Dollars in Ransoms
Tampa, FL – A Canadian man was sentenced to 20 years in prison and ordered to forfeit $21,500,000 today for his role in NetWalker ransomware attacks. The Court will order restitution at…
Canadian National Sentenced in Connection with Ransomware Attacks Resulting in the Payment of Tens of Millions of Dollars in Ransoms
Tampa, FL – A Canadian man was sentenced to 20 years in prison and ordered to forfeit $21,500,000 today for his role in NetWalker ransomware attacks. The Court will order restitution at…
Full Restitution Payment Obtained from Three Former Portland-Area Strip Club Operators Convicted of Fraud
PORTLAND, Ore.—The U.S. Attorney’s Office for the District of Oregon announced today that full restitution of over $600,000 was obtained from the former operators of two Portland-area strip clubs who were convicted…
CIFI Holdings says it is seeking solutions after news of missed payment
SHANGHAI (Reuters) – Chinese real estate developer CIFI Holdings (Group) said the company is in active communication with financial institutions and seeking solutions, in response to news of missed debt repayment. Hong…
Developer Sunac China seeks to extend payment for 4 billion yuan bond for the 3rd time-sources
SHANGHAI (Reuters) – Struggling Chinese property developer Sunac China is seeking to extend the repayment for a 4 billion yuan ($558.35 million) bond for the third time by pushing out the deadline…
U.S. expects more banks will cut off Russian payment system Mir – senior official
WASHINGTON (Reuters) – Steps that Turkish lenders Isbank and Denizbank took to suspend the use of Russian payment system Mir make a lot of sense, a senior U.S. administration official said on…
Former Dean of USC’s Social Work School Agrees to Plead Guilty to Bribery for Funneling $100,000 Payment to Secure County Contract
PLEA AGREEMENT LOS ANGELES – The former dean of the University of Southern California’s school of social work has agreed to plead guilty to a federal charge that she bribed longtime…
Travel Agent Sentenced To Prison For Fraud On Clients, Cruise Lines And Payment Processors
Tampa, Florida – U.S. District Judge Susan C. Bucklew today sentenced Diana M. Hopkins (48, Wimauma) to 37 months in federal prison for wire fraud, access device fraud, and money laundering. As…
Cummins workers to get $2,785 cost-of-living payment – UK union Unite
LONDON – Britain’s Unite trade union has negotiated a 2,300 pounds ($2,785.30) cost-of-living payment that will cover 2,730 workers at U.S. truck engine maker Cummins, the union said on Thursday. “The payment…
Poste Italiane Q2 net profit up 44% on strong payment & mobile business
MILAN – Net income at Italy’s Poste Italiane rose 44% in the second quarter to 469 million euros, mainly thanks to strong growth in the payment and mobile division and cost-cutting in…
Executives of Card Payment Processing Company Indicted in East Texas for Nationwide Multimillion Dollar Fraud Scheme
SHERMAN, Texas – A federal grand jury in Texas has indicted former executives and company leaders at Electronic Transactions Systems Corporation (“ETS”) for their conduct in defrauding approximately 7,000 merchant clients out…
Google to allow app developers to use rival payment systems, to cut fees
By Foo Yun Chee BRUSSELS – Alphabet unit Google said it will from Tuesday cut fees to 12%, from 15%, for non-gaming app developers on its Google Play App Store which switch…
India Potash’s rouble-rupee payment deal stumbles in Russian bank
By Nidhi Verma and Aftab Ahmed NEW DELHI – Russia’s Sberbank has yet to process the first payment from Indian Potash Ltd (IPL) under a deal set up before the Ukraine war…
China developer Greenland seeks to extend $488 million bond payment – memo
SHANGHAI -State-backed Chinese property developer Greenland Holdings said on Friday it plans to extend the repayment of its $488 million offshore bond maturing in June by one year, according to a transcript…
Rouble firms to 4-yr high vs dollar as Russian debt payment licence expires
(Reuters) – The Russian rouble firmed past 56 against the dollar on Wednesday for the first time since 2018, and touched a seven-year high against the euro as export-focused companies sold foreign…
S.African central bank eyes digital rand to cut cross-border payment costs
By Rachel Savage and Promit Mukherjee LONDON/JOHANNESBURG – A digital rand in South Africa could cut the high cost of cross-border payments for banks but its introduction is still a few years…
U.S. unlikely to extend Russian debt payment licence, Treasury’s Yellen says
BONN, Germany – The United States is unlikely to extend a soon-to-expire licence that allows Russia to pay U.S. bondholders, Treasury Secretary Janet Yellen said on Wednesday, which could put Moscow closer…
Chinese developer Sunac misses bond coupon payment as grace period ends-sources
HONG KONG -Some of Sunac China’s bondholders had not received coupon payments from the property developer on a $750 million offshore bond by the close of Asia business on Wednesday when a…
Russian users sue Apple after payment service pulled -lawyers
(Reuters) – A Russian law firm on Friday said it had filed a lawsuit against U.S. tech giant Apple seeking 90 million roubles ($1.28 million) in damages for consumers affected by Apple…
Rosneft issues June ESPO crude tender, requests for rouble payment
SINGAPORE – Russia’s top producer Rosneft <ROSN.MM> has issued a tender to sell June-loading ESPO Blend crude, in another attempt to get buyers to pay for supplies in full upfront and in…
China Evergrande gains six-month extension for Hengda onshore coupon payment
HONG KONG – China Evergrande Group’s flagship unit Hengda Real Estate Group Co Ltd said its creditors have approved a six-month extension of a 574 million yuan ($88 million) coupon payment for…
Judge sentences St. Louis man to more than 10 years in federal prison for bank fraud in conjunction with the Payment Protection Program (PPP)
ST. LOUIS – Robert Williams, age 58, of St. Louis, Missouri, appeared before United States District Court Judge Matthew T. Schelp on today’s date. Based on a previous plea of guilty, Williams was…
Six Southern California Companies Ordered to Pay $1.83 Billion in Restitution for Scheming to Avoid Payment of Aluminum Duties
LOS ANGELES – Six Southern California companies today were ordered to pay $1.83 billion in restitution for participating in a conspiracy to defraud the United States through a scheme in which huge…
Russia calls for integrating BRICS payment systems
(Reuters) – Russia, hit by Western sanctions, has called on the BRICS group of emerging economies to extend the use of national currencies and integrate payment systems, the finance ministry said on…
Postal Worker Sentenced for Issuing Money Orders Without Receiving Full Payment
NEW ORLEANS, LOUISIANA – United States District Judge Lance M. Africk sentenced SHANNEL SMITH, age 41, of Orleans Parish, Louisiana, to three (3) years of probation for issuing money orders without receiving…
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