After easing substantially in 2023, U.S. inflation has remained stubbornly elevated so far this year, creeping more slowly toward the Federal Reserve's 2% goal. On Wednesday, Labor is expected to report that yearly inflation jumped to 3.4%, though that's still down from a 40- year high of 9.1% in June 2022. Florida is saddled with the nation's highest inflation…
The Fed has kept interest rates high to help slow the economy and lower inflation. But that hope is more uncertain now, with federal reserve chair Jerome Powell saying in a speech last Wednesday at Stanford University that the Fed "face risks on both sides." If the economy evolves broadly, as we expect, most FOMC participants see it as likely to be appropriate to begin…
Now, Vassilios Handakas, also known as William Handakas and Bill Handakas, faces second-degree insurance fraud and third-degree insurance fraud as well as failure to secure workers’ compensation. “When an employer makes misrepresentations about the number of employees at their company and their payroll figures, they unfairly impact honest employers who…
Dr. Bee was also ordered to pay $195,170 in restitution. "By filing bogus insurance claims, Dr. Bee abused public trust and committed fraud for personal profit," said U.S. Attorney Rachelle Aud Crowe. According to court documents, Dr. Bee practiced osteopathic medicine and operated a private clinic in Sesser, Illinois.
UPDATE: 4/ 8/ 2024: A Waukee man wanted by Federal Bureau of Investigation for allegedly defrauding investors out of more than $1.5 million has been captured. DES MOINES, Iowa– The Federal Bureau of Investigation is asking for help to locate a Waukee financial advisor wanted for allegedly defrauding investors out of more than $1.5 million. The FBI says a federal…
WASHINGTON- America's employers delivered another outpouring of jobs in March, adding a sizzling 303,000 workers to their payrolls and bolstering hopes that the economy can vanquish inflation without succumbing to a recession in the face of high interest rates. By any measure, it amounted to a major burst of hiring, and it reflected the economy's ability to…
Robynne Alexander, the state’s chosen buyer in a $21.5 million land deal in Laconia, is under investigation by the state Bureau of Securities Regulation. (Screenshot of CBRE marketing materials)The state Bureau of Securities Regulation, an agency charged with protecting investors against fraud, is investigating Robynne Alexander, the state’s chosen buyer for a $21.5 million…
A Nevada man who invented a fictitious company and fraudulently obtained $163,100 in federal coronavirus relief funds while on parole in Oregon has been sentenced to more than two years in federal prison. Goulet, 36, is one of more than 50 people who have been charged in Oregon for their roles in attempting to steal more than $778 million in federal COVID relief…
Maryland Attorney General Anthony G. Brown announced that Cheryl Leigh Gray, 49, of Middletown, Maryland, pleaded guilty in the Circuit Court for Frederick County to one count of theft scheme having a value of $100,000 or more. Gray was a licensed insurance producer working as the operations manager at Passport Title Services, LLC (Passport Title), located in Rockville, Maryland….
Amina Tollin receives infusions through a port in her chest to reduce the debilitating symptoms of her chronic nerve condition. Three months ago, Medicaid stopped paying for the therapy as a result of an increasingly common process among private and public insurers known as prior authorization. States are taking action to curb it, but enforcement will be a challenge. (Amina Tollin…
Medicare Advantage plans will need to adjust to new star ratings requirements, industry watchers warned following a final rule on Thursday.
Mark Roy Anderson, 69, pleaded guilty to two counts of wire fraud, the U.S. Attorney's Office said. In the first scheme he pleaded guilty to Friday, Anderson tricked investors in 2020 and 2021 into providing funding for his company, called Harvest Farm Group, to harvest and process hemp grown on his farm into medical-grade cannabidiol isolate— a chemical found in…
A Downers Grove man who filed a Naperville police report alleging hand tools had been stolen out of his vehicle has been charged with felony theft, insurance fraud, forgery and filing a false police report. He turned himself in on March 19, according to a news release from Naperville police. Police say that in March 2022, Sladek, who lived in Naperville at the time,…
Source: Reproduced from NerdWallet; Note: NerdWallet determined the average homeowners insurance cost by calculating the median rate for 40-year-old homeowners across various insurance providers in every ZIP code nationwide; Map: Axios VisualsHome insurance premiums are on the rise nationwide, and Texas remains one of the states with the highest rates.Why it matters: Homeowners…
Image source: Pixabay The U.S. economy added 303,000 jobs in March, with significant gains in the healthcare, government, and construction sectors. The U.S. economy witnessed a substantial boost in employment in March, with nonfarm payrolls increasing by 303,000, according to the latest report from the Bureau of Labor Statistics. The healthcare, government, and construction sectors…
Still, transplants are flocking to Florida in massive numbers. According to a recent NBC News report, more than 700,000 people moved to Florida in 2022 alone— making it the second-fastest-growing state, behind Texas. Nearly 500,000 people left Florida in 2022, as well, a mass exodus NBC attributed to“ soaring insurance costs, a hostile political environment,…
If you're planning to retire soon, you may be considering a move to a whole new place. MORE: Pilot chartered a plane to take 112 friends to Hawaii for his retirement. And why limit yourself to just the U.S. when there are excellent options all over the world?
WASHINGTON Ç " Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February. Ç£ The recent data do not Ǫ materially change the overall picture, Ç¥ Powell said in a…
The decision by the administration of President Joe Biden to hold firm on proposed Medicare Advantage rates for 2025 shows a break with recent practice, taking Wall Street by surprise. UnitedHealth Group Inc., the largest US health insurer, dropped as much as 7.2%, while CVS Health Corp. declined as much as 7.1%. Centene Corp. fell as much as 5.5%, while Elevance…
