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The U.S. Department of Justice (DOJ) is charging six people linked to a multimillion-dollar food stamp and bribery scheme.
In a new press release, the DOJ is announcing charges against six individuals connected to a “sprawling” scheme that hauled in $66 million in food stamps by allegedly abusing the Supplemental Nutrition Assistance Program (SNAP).
The suspects – Michael Kehoe, Mohamad Nawafleh...
The bankrupt crypto exchange FTX has begun distributing more than $5.4 billion to creditors.
The payouts represent the exchange’s second round of distributions after smaller creditors categorized in FTX’s “Convenience Class” started receiving repayments in February.
Creditors in this round include “convenience class” members and larger claims. They will all receive funds via BitGo or Kraken...
Wells Fargo reportedly refused to refund customers who recently had their accounts drained by scammers – until the bank began facing questions from the media.
Houston resident Heather Sanders was defrauded for $4,000, while in a separate incident, Texas couple Jose and Amanda Vasquez had $40,000 stolen from their business account, reports FOX 26.
In both cases, Wells Fargo reportedly denied the...
Billionaire investor and founder of hedge fund Bridgewater Associates, Ray Dalio, is reportedly pushing a solution to slash America’s deficit that he says will help the US government avoid an economic calamity.
In a New York Times interview, Dalio says his “3% solution” will result in a massive improvement to America’s financial picture.
“The 3% solution is very practical. It has worked many...
Victims of a massive data breach are set to receive their share of a multi-million dollar settlement after a court preliminarily approved the deal.
According to the settlement portal, $20 million will be shared among more than five million affected users of the cybersecurity firm Fortra’s file transfer platform.
The impacted data includes “names, addresses, dates of birth, member identification...
Analyst and trader Justin Bennett believes Bitcoin (BTC) has further room to fall after the crypto king broke down.
Bennett tells his 115,400 followers on the social media platform X that Bitcoin has a “confirmed break” after falling below a support level at around $106,000.
According to Bennett, Bitcoin could fall by up to around 13% from the current level to a price of about $91,790 if BTC...
The global wealth manager UBS says that the US government’s massive $36.2 trillion debt burden may cause it to take more extreme financial measures.
In a new report, UBS says that the US government may be forced to make its growing debt burden more manageable by turning to additional financial repression measures that would artificially lower the yield on government bonds.
“We expect that, over...
A widely followed cryptocurrency analyst and trader is leaning bullish on Bitcoin (BTC) amid a recent correction.
The trader pseudonymously known as Sherpa tells his 246,700 followers on the social media platform X that Bitcoin is still in a “strong bullish trend” despite breaking below the $106,000 support level.
According to the widely followed analyst and trader, Bitcoin is primed to “bounce...
Billionaire Warren Buffett has funneled $305.5 billion into a safe-haven asset class, while slashing stakes in banking giants Citigroup, Bank of America, and Capital One.
New U.S. Securities and Exchange Commission (SEC) filings show Berkshire Hathaway’s holdings in short-dated Treasuries increased from $286.472 billion in Q4 2024 to $305.501 billion in Q1 of 2025 – a 6.64% increase in three...
Stocks and crypto lost a little bit of ground on Friday as President Donald Trump accused China of violating a recent trade agreement.
Trump says on Truth Social that he had previously decided to make a deal with China because his tariffs were plunging the Asian giant into “grave economic danger.”
But according to Trump, his efforts did not pay off, as he says China breached a deal with the...