Imagine with me, for a couple of minutes, the looming spectacle of Tom Brady in a Florida courtroom, defending his business ties with convicted fraudster Sam Bankman-Fried, the founder of failed cryptocurrency firm FTX:. You know the fraud and conspiracy that Mr. Bankman-Fried was just convicted of? Well, Mr. Brady sold that fraud and conspiracy to investors.”.
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Charlotte Hornets' LaMelo Ball, family business sued for $200M for fraud and trademark infringements
CHARLOTTE– Charlotte Hornets' guard LaMelo Ball, his family business, and PUMA are being sued by family friend and former business partner, Alan Foster, over claims of trademark infringement and other acts of fraud. That brand became known as Big Baller Brand, Inc., and Foster, LaVar Ball, and Tina Ball each had 33 percent ownership. Queen City News reached out to PUMA…
Last week, the Federal Reserve did the right thing by leaving well enough alone, keeping the benchmark interest rate at about 5.4 percent. With the acute pressure that the board and Chair Jay Powell in particular have faced in the past several months, we're glad they've had the wisdom to know when to step back. These critics pointed to the 1970 s and the reign of Paul…
Consumers and investors were spared from a 12th rate hike when Federal Reserve officials voted in November to keep their benchmark borrowing rate steady. Don't take the pause as an indication that officials are ready to sound the all-clear on their firefight against inflation. Fed Chair Jerome Powell's main message after the Federal Open Market…
—Three men have filed a lawsuit against the Church of Jesus Christ of Latter-day Saints– also known as the LDS or Mormon church– and its investment arm, Ensign Peak Advisors, Inc. The men, at least one of whom remains an active member of the church, according to the lawsuit, allege that the church had fraudulently induced them into making donations.
Women gaining ground with their finances, study shows
Women are making financial gains on many fronts and modeling healthy money behaviors, according to a survey from Fidelity Investments.
Branding: Not what you think it is
Branding is a feeling and not a logo, advisors were told at a recent conference.