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New Zealand central bank to hold rates in July and for rest of 2023: Reuters poll
New Zealand central bank to hold rates in July and for rest of 2023: Reuters poll
By Devayani Sathyan BENGALURU New Zealand's central bank will likely keep interest rates unchanged at 5.50% on Wednesday
2023-07-07 04:22
U.S. mortgage rates rise to 6.81%, highest level this year -Freddie Mac
U.S. mortgage rates rise to 6.81%, highest level this year -Freddie Mac
NEW YORK U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of
2023-07-07 04:19
US SEC to vote on 'swing pricing,' private investment reporting
US SEC to vote on 'swing pricing,' private investment reporting
WASHINGTON Wall Street's top regulator is due to vote next week on proposed changes aimed at helping control
2023-07-07 04:17
What we know about Threads, Meta's 'Twitter killer'
What we know about Threads, Meta's 'Twitter killer'
Threads, Mark Zuckerberg's Instagram-based challenge to dethrone Elon Musk's troubled Twitter, has already secured tens of millions of downloads, but it remains to be seen whether this Twitter...
2023-07-07 03:50
Venezuela to regulate private shipments of food and medicine, sources say
Venezuela to regulate private shipments of food and medicine, sources say
By Mayela Armas and Vivian Sequera CARACAS Venezuela is planning to introduce new regulations on courier shipments of
2023-07-07 03:49
Canada port strike may add to inflation concerns ahead of rate decision
Canada port strike may add to inflation concerns ahead of rate decision
By Fergal Smith TORONTO The Canadian dock workers strike is another factor for the Bank of Canada (BoC)
2023-07-07 03:47
Crypto Trading Volume Dropped in Second Quarter to Lowest Since 2019
Crypto Trading Volume Dropped in Second Quarter to Lowest Since 2019
Trading volume on cryptocurrency exchanges in the three months ended in June was the lowest since the final
2023-07-07 03:45
Roivant Attracts Interest for $7 Billion-Plus Bowel Drug
Roivant Attracts Interest for $7 Billion-Plus Bowel Drug
Roivant Sciences Ltd. is attracting interest from large pharmaceutical companies for its treatment for inflammatory bowel disease, which
2023-07-07 03:30
Blackstone, TPG vie for U.S. fund administrator Standish -sources
Blackstone, TPG vie for U.S. fund administrator Standish -sources
By Pablo Mayo Cerqueiro and Amy-Jo Crowley LONDON Buyout houses including Blackstone Inc. and TPG Inc. are evaluating
2023-07-07 03:29
California man admits to hiding mother’s death and collecting $830k in benefits
California man admits to hiding mother’s death and collecting $830k in benefits
A California man pleaded guilty last week to hiding his mother’s death from the federal authorities for over 30 years, collecting more than $800,000 in benefits under her name. Donald Felix Zampach, 65, pleaded guilty to one count of money laundering and one count of Social Security fraud, according to the Justice Department. “This crime is believed to be the longest-running and largest fraud of its kind in this district,” US Attorney Randy Grossman said in a statement. “This defendant didn’t just passively collect checks mailed to his deceased mother. This was an elaborate fraud spanning more than three decades that required aggressive action and deceit to maintain the ruse.” All told, beginning in 1990, the Poway man collected $830,238. He could face up to 25 years in prison, though US sentencing guidelines suggest it will more likely be a sentence of 30 to 37 months. “He is overwhelmed with regret,” Knut Johnson, Zampach’s lawyer, told The New York Times. As part of his plea deal, Zampach will forfeit the benefit, pay restitution to various lenders, and turn over the home he took possession of in his mother’s name. The benefits scheme was an elaborate one, according to the DoJ. When Zampach’s mother was diagnosed with pancreatic cancer, she left the US and returned to her native Japan, where she died in 1990 at age 61. Her son notified the US embassy in Tokyo of the death, but admitted to leaving blank a box for her Social Security number to avoid the government being aware of her passing, and he repeated this omission on forms for burial permits. Zampach kept up this ruse until September 2022, collecting his mother’s Social Security checks and payments from the Defense Finance Accounting Service, which pays survivors of military veterans. An audit of those over age 90 who hadn’t used their Medicare benefits helped reveal the California man’s scheme. This sort of fraud has happened in the past. In 2018, a Mexican man pleaded guilty to defrauding the government for even longer, spending 37 years collecting nearly $361,000 in government benefits after assuming the identity of a US citizen, according to The San Diego Union Tribune. In 2015, Dutch police learned that a man kept his dead mother’s body hidden for over two years and continued collecting her pension and social assistance payments. He was later caught and forced to repay 40,000 euros, according to 1 Limburg. Read More Real Housewives star Phaedra Parks reveals why she gave her son $150,000 for his 13th birthday Mastercard helping banks predict scams before money leaves customers’ accounts Vermont will pay $16.5M to settle lawsuits by foreign investors in fraudulent ski developments
2023-07-07 03:27
Here's how you can return Amazon packages in 2023
Here's how you can return Amazon packages in 2023
E-commerce giant Amazon can provide an amazing shopping experience thanks to its highly anticipated Prime
2023-07-07 03:21
Toyota Taps US ESG Bond Market to Fund Electric-Car Push
Toyota Taps US ESG Bond Market to Fund Electric-Car Push
Toyota Motor Corp. is selling socially conscious debt denominated in dollars for the first time in two years
2023-07-07 03:18
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