The December 2020 claim of voter fraud was explosive, if true: More than 700,000 people had voted twice in Wisconsin, the tip alleged. The expert, Ken Block, learned it had first appeared in a post on a website called TheDonald.win, where it was spotted by the owner of an IT company, who brought it to the attention of the general manager of Trump's golf course in the Bronx.
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T he U.S. economy does not appear to be close to falling into recession, Federal Reserve Chairman Jerome Powell said yesterday, indicating that it is not yet clear when the central bank might cut interest rates. In his appearance before lawmakers, Powell said that "there is no evidence, there is no reason to think, that the U.S. economy is, in any kind of near-term risk, of…
David Scott Cacchione, a Bay Area man who served five years in federal prison for a 2009 securities fraud conviction and was barred from employment as an investment broker or adviser, has been charged with another investment-related crime. But instead of buying receivables, they used the money for personal expenditures and to pay off other investors,…
Congress should provide Medicaid-like coverage to those living in the 10 states holding out on expanding Medicaid and forbid states from kicking enrollees younger than 6 years old off Medicaid due to paperwork issues, President Joe Biden is expected to ask lawmakers during his State of the Union address Thursday. Research shows that when children have…
The Federal Reserve is in no rush to cut interest rates. Federal Reserve chairman Jerome Powell testified before a house committee Wednesday, celebrating a slowdown in inflation. "The economic outlook is uncertain," Powell told the House committee on Monetary Policy Wednesday as part of his semiannual testimony to Congress.
FRITCH— Many Panhandle residents whose dwellings and possessions burned in the region's ongoing wildfires may never financially recover for one simple reason: Their homes weren't insured. In Texas, those without insurance are also more likely to be those who have a harder time recovering from disaster: lower-income households and rural residents.
Jerome Powell, the chairman of the Federal Reserve, insisted that the U.S. central bank will not be ready to cut the country's benchmark interest rate until there is greater confidence that inflation is making steady progress toward its 2% target. The central banker will speak today before the U.S. House Financial Services Committee as part of a bimonthly…
Thomas Nicholas Salzano, 65, of Secaucus, pleaded guilty in Newark federal court on Tuesday to securities fraud, conspiracy to commit wire fraud and conspiracy to defraud the United States, the U.S. Attorney’ s Office District of New Jersey said. Salzano concealed his managerial role at the Secaucus- based firm in order to hide his history of fraud from potential…
Social Security benefits for millions of people will rise by an average of over $50 a month starting in January, thanks to the Social Security Administration's 3.2% annual cost of living adjustment for 2024, announced on Oct. 12. The COLA has been relatively volatile in recent years, however, and future retirees are understandably concerned about the health of…
California’ s unemployment insurance fund is $20 billion in debt, putting the state in a terrible position in case of a recession. Now the situation is more dire, with the Employment Development Department issuing a spring forecast that the debt— which the Legislative Analyst’ s Office has said does not include the infamous unemployment fraud that mostly…
Washington and New York, While President Joe Biden and Donald Trump compete over proposals to stem the flow of immigrants crossing the border into Mexico, the head of the Federal Reserve- the U.S. central bank- and the Congressional Budget Office- the official nonpartisan think tank- report that immigrants have been key to the post-pandemic economic recovery…
The jump in auto loan delinquencies is the most pronounced for low income communities, according to research by the Federal Reserve Bank of New York.
A suburban man is one of three people indicted on federal fraud charges, accused of swindling investors out of more than $3.9 million, according to a news release from the U.S. attorneyÇ ® s office for the Northern District of Illinois. Edward L. Wooten, 51, of Macon, Georgia, and John L. Krcil, 55, of Hanover, Minnesota, are facing the same charges.
Around 6 a.m. Tuesday, Feb. 27, agents descended on the Newport Beach and Laguna Beach residences of AB Capital's co-owners, said Brian Werlemman, a wealth manager who alleges he was defrauded out of about $2.7 million in 2018 as part of an elaborate Ponzi scheme orchestrated by the company. In a video broadcast on KCAL News, the FBI agents could be seen carting boxes…
But in the last year, as home insurers have stopped writing new policies and retreated from parts of the state prone to wildfire, a new voice has joined the ranks of critics who say Harvey and Co. are making things worse: California's elected insurance commissioner, Ricardo Lara, whose office has called Consumer Watchdog an entrenched interest group "defending…
The US currency rises $3.58 to $984.55. "Investors are waiting to know the PCE result for the month of January and are looking for signals as to which path the Federal Reserve will take in its next monetary policy meetings and when the long-awaited first interest rate cuts in the world's leading economy could take place. "Unemployment in Chile fell to 8.4%, below…
Thomas Nicholas Salzano, 65, of Secaucus, pleaded guilty in Newark federal court on Tuesday to securities fraud, conspiracy to commit wire fraud and conspiracy to defraud the United States, the U.S. Attorney’ s Office for New Jersey said. Salzano concealed his managerial role at the Secaucus- based firm in order to hide his history of fraud from potential…
DES MOINES, Iowa– Sam DeKay was enjoying a calm fall morning in his Manhattan apartment when an email came through. First Whitney Bank& Trust in his hometown of Atlantic, Iowa, informed him that $9,950 had been debited from his account. At the top, it read " Whitney Bank and Trust"– an incorrect name for the bank.
As inflation gathered force in 2021 and 2022, the Federal Reserve notoriously waited too long to raise interest rates, allowing consumer prices to continue to climb sharply, Fed officials now acknowledge. "The longer they wait, the greater the risk that something goes off the rails," says Mark Zandi, chief economist of Moody's Analytics. But Fed Chair Jerome…
