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A Boston car dealership owner has been indicted for allegedly stealing $1.3 million from the US government in a fraudulent tax refund scheme.
According to a new press release from the Department of Justice (DOJ), 31-year-old Jessie El-Ghoul has been charged with one count of theft of government funds, one count of bank fraud and four counts of money laundering for allegedly defrauding the...
US Economy at ‘Stall Speed,’ Warns Goldman Sachs As Labor Department Slashes June Jobs Growth by 90%
A Goldman Sachs executive is warning that the US economy is losing momentum after a sharp downward revision in job creation over the past few months.
On Friday, the Bureau of Labor Statistics (BLS) revised down the job growth figures for June from 147,000 to 14,000, a 90% drop.
Figures for May were also revised down from 144,000 to 19,000, bringing the combined two-month downward revision to 258...
Billionaire Ray Dalio Says White House Pushing To Devalue Dollar In Face-Off Against Federal Reserve
Billionaire Ray Dalio says President Trump is pushing to debase the dollar in order to manage the nation’s massive debt burden.
In a new post on the social media platform X, the Bridgewater Associates founder says that the current conflict between Trump and Fed Chair Jerome Powell is about the value of money.
“As previously explained, when there is too much debt and borrowing, the classic way of...
A 63 year-old woman is now accused of impersonating bank customers across three states and ripping money from their accounts.
Pennsylvania State Police believe Jennifer Folzenlogen, a resident of Cincinnati, Ohio, has stolen more than $26,000 from the personal accounts of several customers of First National Bank, reports CBS News.
Folzenlogen was arrested in Pennsylvania while allegedly...
Retail investors are piling into the stock market, deploying trillions of dollars in capital.
Data from the Nasdaq shows that individual investors snapped up $3.4 trillion worth of shares in the first six months of 2025 amid market volatility triggered by geopolitical tensions and Trump’s trade war, reports MarketWatch.
Meanwhile, the investor cohort also sold $3.2 trillion in stocks over the...
A crypto investor who allegedly kidnapped and tortured a man to extort a massive stash of Bitcoin (BTC) was reportedly released on Thursday on a $1 million bond.
A Manhattan judge granted 37-year-old John Woeltz bail, releasing him from Rikers Island, where he was detained after his arrest on May 23rd, reports the New York Post.
Woeltz allegedly kidnapped and tortured Bitcoin investor Michael...
A prominent fraud prevention service says international crime groups are spreading malware designed to steal victims’ banking information.
The London-based Credit Industry Fraud Avoidance System (CIFAS) says it is witnessing a surge in Android malware attacks targeting banking apps.
CIFAS says that while the malware targets Android users, other mobile platforms are not immune to attacks, noting...
The chief investment strategist at Charles Schwab believes that a restrained Fed is one of the key reasons why markets are bullish.
In an interview on the Excess Returns YouTube channel, Liz Ann Sonders says investors prefer a calm and steady Fed, even amid pressure from President Trump to cut rates, as inflation remains elevated.
Sonders also notes that the Fed’s current pause is perfectly in...
Hedge funds are reportedly fleeing tech stocks at the fastest rate in twelve months, pivoting to a new trade idea.
In a note to clients seen by Reuters, Goldman Sachs says hedge funds took profits on their tech positions just as the S...
Wells Fargo reportedly refused to reimburse a customer who lost thousands of dollars to scammers posing as the banking giant’s employees.
Houston resident Sharon Schoolcraft says she lost $13,000 after receiving a call from someone claiming to be working at Wells Fargo, reports FOX 26.
Schoolcraft says the caller alerted her to possible fraudulent charges made to her account, a facade made...