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| January 19, 2019

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Boy Unknowingly Used Fake Money to Buy School Lunch

January 19, 2019 |

A school superintendent in Georgia said Friday a 12-year-old boy who tried to buy lunch with a counterfeit $ 20 bill appears to have been unaware the bill was fake and should not have been punished, the AP reports. The decision came after Christian Philon complained that administrators at Austin Road…
Newser

Money management firm fires staffer caught on TV making hand sign linked to far right

January 4, 2019 |

Federated Investors Inc. fired at least two employees for unprofessional conduct last month during a television interview of one of the firm’s money managers.

As the money manager spoke on Bloomberg TV, a man behind her right shoulder made an “OK” hand gesture that anti-hate groups say has been…


L.A. Times – Business

German Journalist Accused of Setting Up Fake Charity Donated Money to Aid Group

December 31, 2018 |

An aid group said it received a donation from a German journalist accused of setting up a fake charity operation for children he invented for a falsified article.
WSJ.com: What’s News Europe

Fear of a market meltdown has frozen this retiree’s money decisions

December 30, 2018 |

Dear Liz: I sold my home two years ago and still have not done anything with my gain of $ 200,000. It’s in a one-year certificate of deposit so at least it’s earning something while I try to figure out what to do with it. I’m 66, retired and have an IRA of $ 500,000 that’s invested in the market….


L.A. Times – Business

Vatican Hands Down First Conviction for Money Laundering

December 28, 2018 |

The Vatican said it has convicted an Italian businessman of laundering money through the Vatican bank, in what it said was its first conviction under a 2010 law and a sign of progress in financial reforms.
WSJ.com: What’s News Europe

TMZ

LeBron James Meant No Harm with ‘Jewish Money’ Post, NBA Agent Says

December 26, 2018 |

LeBron James not getting fined for his “Jewish Money” post was the right call … so says NBA agent Daniel Hazan who is also Jewish. We got the super agent out Monday night in NYC and had to ask him about LeBron’s XMAS Eve Instagram post that…

TMZ.com

Government shutdowns actually cost taxpayers money. Here’s why

December 25, 2018 |

Even though paychecks stop going out to hundreds of thousands of workers, shutting down the federal government actually costs money — and the longer it goes on, the more it will cost.

Museums and parks can’t collect entry fees or sell souvenirs, the Internal Revenue Service collects less tax revenue,…


L.A. Times – Business

All Money Refunded in Alleged GoFundMe Scam

December 25, 2018 |

Anyone who fell for the tale of the down-on-his-luck Good Samaritan on GoFundMe has gotten their money back. The crowd-funding website says it has refunded all of the more than $ 400,000 that came in from more than 14,000 people, reports People . Police have since charged Johnny Bobbitt Jr….
Newser

Mnuchin: Everything’s Fine, Banks Have Money to Lend

December 24, 2018 |

Treasury Secretary Steven Mnuchin announced Sunday that he had called the CEOs of America’s six largest banks and they had confirmed him that they had ample cash available for lending. His tweet , however, alarmed some analysts, who noted that Treasury secretaries don’t call bank chiefs on a Sunday seeking reassurances…
Newser

SEC says Orange County money manager lied to investors, misspent client funds

December 18, 2018 |

Federal regulators have accused an Orange County money manager of lying to clients about an investment fund, alleging that investors were told their money would be used to make loans to doctors but that the fund was instead used for loans to a used-car dealership and a mobile-home seller.

The Securities…


L.A. Times – Business