Scammers impersonate NJ MVC in phishing text scheme demanding fake traffic payments
TRENTON, N.J. — A wave of SMS phishing scams has hit New Jersey residents this week, with cybercriminals impersonating the state’s Motor Vehicle Commission in fraudulent messages threatening license suspensions and financial…
CDS committee closes Russia April payments case -statement
NEW YORK – The EMEA Credit Derivatives Determinations Committee said on Friday it closed the case looking into whether credit default swaps would be paid to holders of Russian debt after Russia…
Trump Organization settles lawsuit over DC hotel payments tied to inauguration
By Jonathan Stempel NEW YORK – Donald Trump’s family business and his 2017 U.S. presidential inaugural committee will pay $750,000 to settle a lawsuit by Washington, D.C.’s attorney general claiming that the…
California Man Found Guilty of Conspiracy to Steal Payments from U.S. Department of Defense, Bank Fraud, Lying to Federal Agents, and Other Offenses Related to $23m Phishing Scam
CAMDEN, N.J. – A California man was convicted on six counts related to the theft of over $23 million dollars from the U.S. Department of Defense (DoD), money destined for one of…
Russia makes last-gasp dollar bond payments in bid to avoid default
(Reuters) – Russia made what appeared to be a late u-turn to avoid a default on Friday, as it made a number of already-overdue international debt payments in dollars despite previously vowing…
Toms River Man Ran Successful Donut Operation While Taking State Disability Payments from NJ Transit Job
TOMS RIVER, NJ – A Toms River man stood before the U.S. District Court in Illinois and admitted he was collecting disability payments from his former job at NJ Transit while operating…
S&P cuts Sri Lanka to ‘selective default’ on missed payments
(Reuters) – S&P Global Ratings cut Sri Lanka’s rating as an issuer of foreign currency debt to ‘selective default’ after the South Asian country missed sovereign bond interest payments, S&P said on…
Exclusive-Mexico’s Pemex under pressure to resume financial debt payments
By Ana Isabel Martinez and Anthony Esposito MEXICO CITY – Mexico’s cash-strapped state oil firm Petroleos Mexicanos (Pemex) is under pressure to resume financial debt repayments despite promises from President Andres Manuel…
Explainer-China UnionPay, Russia’s potential payments backstop
By Selena Li HONG KONG – Several Russian banks plan to issue payment cards that use the network of China UnionPay as well as that of home-grown payment system Mir, after Visa…
Austrian leader says Putin told him gas payments in euros can continue
By Francois Murphy VIENNA – Russian President Vladimir Putin told Chancellor Karl Nehammer during their meeting this week that Austria’s supply of gas can continue to be paid for in euros, Nehammer…
China developer Zhenro defaults on interest payments for two offshore bonds
HONG KONG – China’s Zhenro Properties said it has missed interest payments on two offshore bonds and expects four more defaults in the coming months due to the lockdown in Shanghai, but…
Mayor of Guayama Pleads Guilty to Accepting Bribes in Exchange for Executing Municipal Contracts and Approving Invoice Payments
SAN JUAN, Puerto Rico – The mayor of Guayama, Puerto Rico, Eduardo Cintrón-Suárez, pleaded guilty today in Puerto Rico to engaging in a bribery scheme in which he received cash payments in…
REPORT: Biden Expected To Extend Moratorium On Student Loan Payments
REPORT: Biden Expected To Extend Moratorium On Student Loan Payments Harry Wilmerding on April 5, 2022 President Joe Biden is expected to pause student loan payments through Aug. 31, once again extending…
Explainer-Can Russia make payments on its sovereign debt?
LONDON – The United States has blocked the Russian government from paying owners of its sovereign debt from reserves held at U.S. banks, raising the spectre of default unless Russia can find…
Brazil’s central bank to postpone payments to banks due to striking workers
By Bernardo Caram BRASILIA – Brazil’s central bank decided on Wednesday to postpone payments to financial institutions for resources held in accounts from the Pix instant payment system, underscoring mounting risks from…
Russian demand for rouble gas payments would be breach of contract, EU leaders say
By Kate Abnett BRUSSELS – Leaders from some European Union member states said on Thursday Russia’s demand that “unfriendly” countries use roubles to buy for its oil and gas could breach supply…
Explainer-Challenges arise as Russia calls for gas payments in roubles
By Arathy Somasekhar HOUSTON – Russian President Vladimir Putin on Wednesday said the world’s largest natural gas producer would soon require “unfriendly” countries to pay for their fuel in Russia’s currency, the…
Thailand to ban use of digital assets as payments from April – SEC
BANGKOK – Thailand has issued rules to ban digital assets from being used to pay for goods and services from April 1, the market regulator said on Wednesday. The move was in…
Explainer-Russia faces a raft of external debt payments
LONDON – Russia is due to make another dollar-denominated payment to bondholders on Monday after last week defying fears it might not be able or willing to do so, following Western countries’…
PayPal expands payments services to help Ukrainian citizens, refugees
By Andrea Shalal WASHINGTON – PayPal Holdings Inc on Thursday expanded its services to allow Ukrainian citizens and refugees to receive payments from overseas, a move a senior Ukrainian official called a…
Federal Grand Jury Indicts Former Suburban Chicago Police Officer for Allegedly Extorting Cash Payments From Local Towing Businesses
CHICAGO — A police officer in Harvey, Ill., threatened to interfere with local towing companies’ ability to compete for city work unless they paid him cash and other benefits, according to a…
Russian rouble rises in low volumes, market eyes coupon payments
-The Russian rouble rose against the dollar in Moscow and offshore trading on Wednesday, although volumes remained thin and other Russian assets continued to be un-tradable. Bombs rained down on Ukrainian cities…
Ball in U.S. court on Russian Eurobond payments, Finance Minister says
– The ball is in the United States’ court as to whether payments due on Wednesday on two Russian dollar-denominated Eurobonds will go through, and Washington should clarify whether the settlements are…
As Russia risks default, country sends order for coupon payments
– The Russian Finance Ministry said on Monday it has sent an order to a correspondent bank for the payment of coupons on eurobonds amounting to $117.2 million, a signal to markets…
Wintershall Dea stops payments to Russia, writes off $1.1 billion Nord Stream 2 loan
By Christoph Steitz FRANKFURT – German oil and gas firm Wintershall Dea said on Wednesday it would stop payments to Russia and write off its 1 billion euro ($1.1 billion) financing in…
Moody’s warns Russia’s debt payments ban adds to downgrade risk
LONDON – Credit rating agency Moody’s warned on Tuesday that Russia’s move to ban the servicing of newly-issued foreign-currency debt in the wake of stiff Western sanctions had added to the likelihood…
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