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Europe Car Sales Extend Winning Streak on Large Order Backlogs
Europe Car Sales Extend Winning Streak on Large Order Backlogs
European auto sales maintained double-digit growth in September despite higher interest rates raising the cost of acquiring a
2023-10-20 14:58
PayPal Names Intuit’s Alex Chriss CEO, Replacing Schulman
PayPal Names Intuit’s Alex Chriss CEO, Replacing Schulman
PayPal Holdings Inc. named Alex Chriss chief executive officer, tapping a longtime fintech executive with a focus on
2023-08-14 23:21
Dollar edges up from three-month low, French inflation data dents euro
Dollar edges up from three-month low, French inflation data dents euro
By Samuel Indyk and Ankur Banerjee LONDON (Reuters) -The dollar edged up from a three-month low on Thursday but was
2023-11-30 17:22
Still looking for deals on holiday gifts? Retailers are offering discounts on Cyber Monday
Still looking for deals on holiday gifts? Retailers are offering discounts on Cyber Monday
Consumers are scouring the internet for online deals as they begin to cap off the five-day post-Thanksgiving shopping bonanza with Cyber Monday
2023-11-27 13:18
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
Saint-Gobain Signs a Definitive Agreement to Acquire Building Products of Canada Corp.
Saint-Gobain Signs a Definitive Agreement to Acquire Building Products of Canada Corp.
COURBEVOIE, France--(BUSINESS WIRE)--Jun 12, 2023--
2023-06-13 00:54
Biden vetoes bill to cancel student debt relief
Biden vetoes bill to cancel student debt relief
President Joe Biden has vetoed legislation that would have canceled his plan to forgive student debt
2023-06-08 07:21
LatAm startups lay off staff, expect more IPOs next year - report
LatAm startups lay off staff, expect more IPOs next year - report
NEW YORK Two-thirds of Latin American startups have laid off staff over the last 18 months, as venture
2023-08-30 20:29
Brazil retail sales up 0.1% in April driven by Easter
Brazil retail sales up 0.1% in April driven by Easter
SAO PAULO Retail sales in Brazil rose for the second consecutive month in April driven by Easter sales,
2023-06-14 22:22
Marriott enters licensing deal with MGM to boost presence in the Las Vegas strip
Marriott enters licensing deal with MGM to boost presence in the Las Vegas strip
Marriott International said on Monday it entered a licensing deal that will allow its loyalty members to earn
2023-07-17 23:28
BYD Picks Brazil for Its First Electric-Vehicle Hub Outside Asia
BYD Picks Brazil for Its First Electric-Vehicle Hub Outside Asia
BYD Co. will invest 3 billion reais ($624 million) in Brazil to build its first electric-car plant outside
2023-07-04 20:52
Senior US Fed official backs more monetary tightening
Senior US Fed official backs more monetary tightening
A member of the US Federal Reserve's rate-setting committee said Thursday that she supported additional monetary tightening, as policymakers weigh more measures to rein in stubborn...
2023-07-06 22:58