Your Investment & Business Network Has Everything You Need to Stay Informed and Make Informed Decisions.
⎯ 《 Yibn • Com 》
Instant view: Stubborn US April PCE inflation revives focus on June Fed hike
Instant view: Stubborn US April PCE inflation revives focus on June Fed hike
NEW YORK U.S. consumer spending increased more than expected in April, boosting the economy's growth prospects for the
2023-05-26 21:16
Man City, Inter Milan meet in Champions League final of contrasting club history
Man City, Inter Milan meet in Champions League final of contrasting club history
Manchester City enters the Champions League final as a modern soccer and financial heavyweight compared to Inter Milan
2023-06-08 21:15
2023 Tainan International Food and Wine Carnival & Tainan Cocktail Festival Successfully Concluded
2023 Tainan International Food and Wine Carnival & Tainan Cocktail Festival Successfully Concluded
TAINAN, Taiwan--(BUSINESS WIRE)--Nov 13, 2023--
2023-11-13 13:54
Volvo Signs Green Power Deal With Wind Park in Rare Agreement
Volvo Signs Green Power Deal With Wind Park in Rare Agreement
Volvo Car AB has signed an agreement to purchase wind power from renewables producer Vattenfall AB in a
2023-05-23 14:23
Trump Says He’s ‘Not A Fan’ of Powell, Wouldn’t Reappoint Him to Fed
Trump Says He’s ‘Not A Fan’ of Powell, Wouldn’t Reappoint Him to Fed
Former President Donald Trump said if reelected, he would not reappoint Federal Reserve Chairman Jay Powell when the
2023-08-18 05:15
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 03:21
PIF’s AviLease Nears Deal for Standared Chartered Jet Leasing Arm
PIF’s AviLease Nears Deal for Standared Chartered Jet Leasing Arm
AviLease, a jet lessor owned by Saudi Arabia’s Public Investment Fund, is in advanced talks to acquire an
2023-06-05 23:24
Little progress has been made in curbing too high inflation, Fed's Jefferson says
Little progress has been made in curbing too high inflation, Fed's Jefferson says
Federal Reserve governor Philip Jefferson says inflation remains too high and there has been “little progress” made toward bringing it down to the central bank’s 2% target
2023-05-13 08:50
PBOC Adviser Says China Urgently Needs to Boost Consumption
PBOC Adviser Says China Urgently Needs to Boost Consumption
An adviser to China’s central bank says the top priority of policymakers needs to be stimulating household consumption,
2023-08-15 08:57
Citigroup CEO of institutional clients group Paco Ybarra to leave - memo
Citigroup CEO of institutional clients group Paco Ybarra to leave - memo
By Lananh Nguyen NEW YORK Paco Ybarra, the CEO of Citigroup's institutional clients group, will leave in the
2023-08-04 00:57
Dollar teeters near one-year low; euro climbs to 17-month peak
Dollar teeters near one-year low; euro climbs to 17-month peak
By Rae Wee SINGAPORE The dollar wobbled near an over one-year low against its major peers on Tuesday,
2023-07-18 13:59
UK gives cruise missiles to Ukraine; Kyiv delays counteroffensive as it waits for more weapons
UK gives cruise missiles to Ukraine; Kyiv delays counteroffensive as it waits for more weapons
The British government has announced it is giving long-range cruise missiles to Ukraine to help drive out Russia’s occupying forces
2023-05-11 20:20