BlackRock files for bitcoin ETF in push into crypto
(Reuters) -BlackRock, the world's biggest asset manager, on Thursday filed for a bitcoin exchange-traded fund (ETF) that would allow investors
2023-06-16 11:23
Fossil fuel company net zero plans "largely meaningless" - report
By Gloria Dickie and Simon Jessop LONDON The number of fossil fuel companies setting net-zero emissions targets has
2023-06-13 04:25
China exported no germanium, gallium in Aug due to export curbs
BEIJING China's exports of germanium and gallium products in August plunged to zero,customs data showed on Wednesday, due
2023-09-20 12:28
SVB agrees to sell its investment banking division
SVB Financial Group said on Sunday it has entered into an agreement to sell its investment banking division,
2023-06-19 00:16
US, UK navies say they respond to distress call as Iran's Revolutionary Guard 'harassed' ship
The U.S. Navy says its sailors and the United Kingdom Royal Navy came to the aid of a ship in the crucial Strait of Hormuz after Iran’s Revolutionary Guard “harassed” it
2023-06-05 08:46
New Zealand banks to introduce new measures to prevent scams
By Lucy Craymer WELLINGTON New Zealand banks on Friday said they would introduce new steps to counter scams
2023-09-15 09:47
Thai exports rise 2.6% y/y in August, first increase in 11 months
BANGKOK Thai exports unexpectedly rose for the first time in 11 months in August, helped by higher shipments
2023-09-26 11:59
Lazard CEO Jacobs to Pass Reins to Orszag as Deal Slump Drags on
Lazard Ltd. Chief Executive Officer Ken Jacobs plans to step down from the top job as the investment
2023-05-19 19:59
US Republicans upbeat on debt deal as budget hawks dig in
Top US Republican Kevin McCarthy said Thursday he saw "the path" to a breakthrough in talks to avert a looming debt default, despite signals from his party's hard right that they would not soften...
2023-05-19 05:27
RTX: Pratt & Whitney engines unit to take $500 million free cashflow hit
PARIS RTX expects to take a $500 million hit to free cash flow due to a supply chain
2023-06-19 23:54
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
Texas AG Ken Paxton’s Impeachment Trial Set for Sept. 5
Embattled Texas Attorney General Ken Paxton is set to face an historic impeachment trial in the state Senate
2023-06-22 10:28
You Might Like...
Bud Light dethroned as America's top selling beer after 2 decades with LGBTQ+ backlash ongoing
GLP in Talks to Sell Some China Assets to State-Backed Firm
US to unveil 'significant' new Russia sanctions at G7
UBS rejigs investment bank in bid to better compete with Wall Street
Biden to continue debt talks later this week amid G7, White House says
Salary Story: I Didn’t Go To College Until I Was 21 & Now I Make $165k
LG Display posts 5th consecutive quarterly loss
Southwest and its pilot union near preliminary labor deal - CNBC
