Analysis-China debt restructuring policy under scrutiny as more countries demand relief
By Rachel Savage, Martin Quin Pollard and Yew Lun Tian LONDON/BEIJING (Reuters) – In August, China’s ambassador to Zambia took to the stage at a …
Relief
IMF anticipates no further relief needed for Zambia post-debt programme
By Chris Mfula LUSAKA (Reuters) – The International Monetary Fund (IMF) does not anticipate any relief for Zambia after the end of a 2022-2025 debt …
Did Domino’s Just Launch an Inflation Relief Deal? Oh Yes We Did!
Customers who order online can take advantage of 20% off all menu-priced items Ann Arbor, MI (PRESS RELEASE) Hold onto your seats! Domino’s stores nationwide …
Indonesia to extend loan relief for some pandemic-hit sectors
JAKARTA (Reuters) – Indonesia’s financial regulator plans to extend regulations for loan forbearance for some sectors that have yet to recover from the impact of …
Germany heading for recession despite new relief plan – economists
BERLIN (Reuters) – Germany, Europe’s largest economy, is still on course for a recession even with a new government plan to spend 65 billion euros …
Germany will stick to debt brake in 2023 despite new relief package – minister
BERLIN (Reuters) – Germany’s constiutional debt brake will not be affected by a 65 billion euro ($64.68 billion) relief package to help citizens and companies …
District Man Sentenced to 78 Months in Prison for Schemes to Defraud Small Business Pandemic Relief Programs Relief Programs and the Archdiocese of Washington
WASHINGTON – Kenneth Gaughan, 44, of Washington, D.C., was sentenced today to 78 months in prison for carrying out …
Zambia debt relief to mix haircuts, maturity extensions – Finance Minister official
By Chris Mfula LUSAKA (Reuters) – Zambia’s debt restructuring will be a mixture of haircuts to loans’ original value and maturity extensions, a senior Zambian …
Telfair County woman sentenced to federal prison for scheme to fraudulently obtain COVID-19 relief funding
SAVANNAH, GA: A Telfair County woman has been sentenced to federal prison after admitting she participated in a scheme to fraudulently obtain millions of dollars …
Five additional defendants charged with fraudulently obtaining COVID-19 relief funding
SAVANNAH, GA: The number of defendants charged with illegally obtaining pandemic relief funds continues to rise in the Southern District of Georgia as investigators identify …
Naples Felon Pleads Guilty To $2.6 Million COVID Relief Fraud Scheme
Fort Myers, Florida – United States Attorney Roger B. Handberg announces that Daniel Joseph Tisone (35, Naples) has pleaded guilty to wire fraud, bank fraud, …
China audit deal offers relief but few reasons to invest
By Scott Murdoch and Tom Westbrook HONG KONG (Reuters) – Investors have cheered a breakthrough deal that promises U.S. regulators access to Chinese companies’ accounting …
Student debt relief package could lead to deflation, U.S. official says
WASHINGTON (Reuters) – A plan unveiled by the Biden administraton to forgive $10,000 in federal student debt and defer payments through year end could have …
Biden announces student loan debt relief plan
WASHINGTON (Reuters) – U.S. President Joe Biden said on Wednesday his administration would forgive student loan debt for many borrowers and would extend a pause …
Ethiopia’s public creditors recommit to debt relief
PARIS (Reuters) -A group of creditor nations on Wednesday recommitted to granting cash-strapped Ethiopia debt relief in the face of glacial progress. Ethiopia requested debt …
Marketmind: Markets can’t get no relief
(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Expect another jittery session for Asian markets on Wednesday, after Wall …
Analysis-Biden debt relief plan disappoints Black farmers for avoiding race
By Leah Douglas WASHINGTON (Reuters) – Some Black farmers say they are disappointed by a new U.S. agriculture debt relief program that stands to save …
Stamford Man Sentenced to Prison for Fraudulently Obtaining More Than $4 Million in COVID-19 Relief Funds
Moustapha Diakhate, 46, of Stamford, was sentenced today by U.S. District Judge Michael P. Shea in Hartford to 42 months of imprisonment, followed by three …
Spokane Man Sentenced to Probation for COVID-19 Relief Fraud
Spokane, Washington – Vanessa R. Waldref, the United States Attorney for the Eastern District of Washington, announced today that Roshon Edward Thomas, age 42, of …
German finance minister draws up 14 billion eur relief plan – Spiegel
BERLIN – German Finance Minister Christian Lindner plans a 10.1 billion euro ($10.29 billion) relief package to help taxpayers in 2023 which he is set …
Wenham Man Pleads Guilty to COVID-19 Relief Fraud Scheme
BOSTON – A Wenham man pleaded guilty today in connection with a scheme to obtain Paycheck Protection Program funds made available under the Coronavirus Aid, …
Harlan County Man Sentenced to 33 Months for Fraudulently Obtaining COVID Relief Loans
LONDON, Ky. – A Harlan, Ky., man, David Christopher Lewis, 49, was sentenced to 33 months in federal prison on Thursday, by U.S. District Judge …
North Tonawanda Man Pleads Guilty To COVID-19 Relief Fraud
CONTACT: Barbara BurnsPHONE: (716) 843-5817FAX #: (716) 551-3051 BUFFALO, N.Y. – U.S. Attorney Trini E. Ross announced today that Michael Kornaker, 50, of North Tonawanda, NY, pleaded guilty before …
Duluth Man Sentenced to 8.5 Years in Prison for Covid Relief Fraud and Identity Theft
MINNEAPOLIS – A Duluth man was sentenced to 102 months in prison, three years of supervised release, and $284,355.54 in restitution for wire fraud and …
Charleston Man Pleads Guilty to COVID-19 Relief Fraud Scheme
CHARLESTON, W.Va. – A Charleston man pleaded guilty today to wire fraud, admitting to a scheme to defraud the Paycheck Protection Program (PPP) of over …
Turkish lira on slow slide in search of FX relief
By Nevzat Devranoglu ANKARA – The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the dollar as concerns mounted about …
Yakima Resident Pleads Guilty to Fraudulently Obtaining More Than $59,000 in COVID-19 Relief Funds
Yakima, Washington – Vanessa R. Waldref, the United States Attorney for the Eastern District of Washington, announced today that Karla Padilla, age 48, of Yakima, …
France urges more inflation relief from firms making big profits on energy crisis
PARIS – The French government on Thursday urged companies whose profits have surged during the inflation crisis to do more to help households cope as …
Camden County Man Admits Defrauding COVID-19 Relief Programs and Illegally Possessing Firearm
CAMDEN, N.J. – A Camden County, New Jersey, man today admitted conspiring to fraudulently obtain COVID-19 relief funds, fraudulently obtaining unemployment benefits, and illegally possessing …
Fort Stewart soldier admits guilt in prolific fraud scheme targeting COVID-19 relief programs, student loans
SAVANNAH, GA: A U.S. Army soldier stationed at Fort Stewart awaits sentencing after admitting she led a “prolific fraud scheme” in which she and others …
Yankees Pitcher Michael King Chooses the Jersey Shore for Much Needed Relief During All-Star Break
TOMS RIVER, NJ – After a recent Yankees game, New York Yankees announcer Michael Kaye broke the news, Yankees pitcher Michael King has chosen the …
Owner of tax preparation business indicted for defrauding pandemic relief funding program
SAVANNAH, GA: A Georgia woman faces up to 20 years in prison after an indictment alleging she fraudulently obtained funds intended for COVID-19 small business …
Lehigh Acres Couple Sentenced To Prison For COVID Relief Fraud
Fort Myers, Florida – U.S. District Judge Thomas P. Barber has sentenced Amber Rewis Bruey (35, Lehigh Acres) to four years in federal prison for …
Former Mayor of Stonecrest sentenced to prison for stealing COVID-19 relief funds
ATLANTA – Jason Lary, the former Mayor of the City of Stonecrest, has been sentenced for using his elected office to steal hundreds of thousands …
Baton Rouge Man Sentenced to 41 Months Imprisonment for Embezzling Funds from the New Orleans Firefighters Pension and Relief Fund
NEW ORLEANS, LA – On July 12, 2022, United States District Court Judge Greg Guidry sentenced WAYNE TRICHE, 72, of Baton Rouge, Louisiana, to forty-one …
Chad creditors expected to agree phased ‘contingent’ debt relief plan
By Andrea Shalal TOKYO – Chad’s official creditors are expected to agree on Wednesday a debt restructuring strategy that includes contingencies based on oil prices …
Wife of Former West Haven City Employee Admits Role in Scheme to Steal COVID Relief Funds
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, announced that LAUREN DiMASSA, formerly known as LAUREN KNOX, 38, of West Haven, pleaded …
South Florida Political Campaign Consultant Pleads Guilty To Defrauding Covid-19 Relief Program
Miami, Florida – Today, 42-year-old Royal Palm Beach, Florida resident Omar Smith pled guilty in South Florida federal court to lying on a coronavirus relief …
Woodford County Man Sentenced to 42 Months for Fraudulently Obtaining COVID Relief Loans
LEXINGTON, Ky. – A Versailles, Ky., man, Randall “Rocky” Blankenship, Jr., 49, was sentenced to 42 months in federal prison on Thursday, by U.S. District …
Column-ECB has major euro headache; FX market offers no relief: McGeever
By Jamie McGeever ORLANDO, Fla. – The world’s big four central banks are all in an unenviable position of fighting the highest inflation in decades …
U.S. Attorney Announces Two Additional Indictments as Part of COVID-19 Relief Fraud Strike Force
Spokane, Washington – Vanessa R. Waldref, the United States Attorney for the Eastern District of Washington, has announced two new indictments resulting from the COVID-19 …
Two Women Charged with Wire Fraud for Stealing Millions in COVID Relief Funds
ST. PAUL, Minn. – Two women have been charged with engaging in fraud schemes to steal millions of dollars in COVID-19 relief funds, announced U.S. …
Marketmind: End of H1 but expect no relief
A look at the day ahead in markets from Sujata Rao. The good news is the 2022 first-half is behind us — just looking at …
Baltimore City Man Facing Federal Charges for Allegedly Submitting Fraudulent Covid-19 Cares Act Relief Loan Applications and Stealing the Identity of a Tax Preparer
Baltimore, Maryland – A federal grand jury has returned an indictment charging Dana Lamar Antonio Hayes, Jr., age 37, of Baltimore, Maryland, on the federal …
Charlotte Woman Pleads Guilty To Wire Fraud Conspiracy For Falsely Obtaining Coronavirus Relief Funds
CHARLOTTE, N.C. – Yesenia Rodriguez, 25, of Charlotte, appeared before U.S. Magistrate Judge David S. Cayer today and pleaded guilty to conspiring to commit wire …
New York Man Sentenced for COVID-19 Relief Fraud Scheme
BOSTON – A New York Man was sentenced today on charges arising from a scheme to fraudulently obtain business loans and unemployment pandemic relief funds …
Former Owner of Illicit Massage Parlor Sentenced for Nearly $30,000 COVID-19 Relief Fraud
BOSTON – The former owner of a massage parlor was sentenced yesterday in connection with filing for and obtaining fraudulent pandemic-related loans for her illicit …
Georgia man charged with fraud in seeking millions of dollars in COVID-19 relief funding
SAVANNAH, GA: A Georgia man has been indicted on multiple charges alleging his involvement as the leader in a conspiracy to fraudulently obtain federal COVID-19 …
Owners Of Grand Rapids Trucking Company Plead Guilty To Bank Fraud Conspiracy, Pay $1,000,000 In Related Civil Case, In Connection With Covid-19 Relief Fraud
DMR Transportation Falsified Financial Records To Receive A Second-Draw Loan Under The Paycheck Protection Program GRAND RAPIDS, MICHIGAN — Semsi …
Yellen says Biden not considering Canadian lumber for tariff relief
By David Lawder ROSEBUD, South Dakota – U.S. Treasury Secretary Janet Yellen said on Tuesday that President Joe Biden is not expected to cut U.S. …