Adobe’s $20 Billion Figma Deal Risks Veto From UK Watchdog
Adobe Inc.’s planned $20 billion purchase of design software maker Figma Inc. risks being blocked by Britain’s competition
2023-11-28 21:18
Hong Kong’s Economic Growth Slowed in Second Quarter, Chan Says
Hong Kong is likely to report the economy grew at a slower pace in the second quarter than
2023-07-31 10:58
Capcom Reveals Dragon’s Dogma 2 Scheduled to Launch March 22, 2024!
OSAKA, Japan--(BUSINESS WIRE)--Nov 28, 2023--
2023-11-29 09:24
Regions Financial Sinks Most Since March After Earnings Miss
Regions Financial Corp. slumped as much as 16% after warning it expects further declines in net interest income
2023-10-21 00:15
Oil falls below $90 a barrel on reports of US-Venezuela deal
By Erwin Seba HOUSTON (Reuters) -Oil futures fell on Monday on reports the U.S. could soon reach a deal to
2023-10-17 01:47
NASCAR's $1 million All-Star Race to run at North Wilkesboro again in 2024
The NASCAR Cup Series All-Star Race is returning to North Wilkesboro Speedway in North Carolina for a second straight year
2023-09-29 04:28
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
Portugal PM sees budget surplus in 2023, its second in almost 50 years
By Sergio Goncalves LISBON The Portuguese government will end the year with a budget surplus, its second in
2023-10-03 15:45
Bangladesh struggling to pay for fuel due to dollar shortage, letters show
By Ruma Paul DHAKA (Reuters) -Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters from
2023-05-22 21:21
U.S. debt ceiling deal to face its first test in Congress
By Moira Warburton and Andy Sullivan WASHINGTON A bipartisan deal to raise the $31.4 trillion U.S. debt ceiling
2023-05-30 18:29
China's 'father of EVs' urges cooperation on EV scaleup
MUNICH China's industrial policy adviser and "father of EVs" Wan Gang said efficient batteries, better EV architectures and
2023-09-06 17:21
Grab sets free cash flow target, posts first adjusted core profit
By Yuvraj Malik (Reuters) -Grab Holdings on Thursday reported its first ever adjusted core profit in the third quarter and
2023-11-17 16:48
You Might Like...
Arm prepares to meet investors ahead of blockbuster IPO -sources
China Industrial Profits Slide as Weak Demand Weighs on Economy
RBC BlueBay Bets BOE Rate Rises Are Overdone and Warns of Crisis Risks
BNP Paribas Cracks Down on Mining Clients With New Coal Policy
Traders Bailed Out of Nasdaq ETF Just as It Started Falling
Panama seeks new sources of water for canal
Ukraine Recap: Kyiv Says It Downs Two Russian Attack Helicopters
US banks shrug off turmoil to ace Fed's annual health checks