The U.S. Attorney’s Office for the District of Oregon announced Wednesday it has recovered about $2.5 million from a Vancouver real estate developer who was accused of fraudulently obtaining COVID-19 relief funds and laundering the money. Michael James DeFrees, 63, was sentenced last year to nearly two years in federal prison. “Defendants who attempt to
A former Madera charter school executive faces federal charges two years after an audit tied him to the misuse of public dollars. The U.S. Department of Justice announced Tuesday that it is charging Nicolas Retana, 67, with one count of embezzling money from a program that receives federal funding. His indictment was unsealed and Retana
Quant hedge fund managers are experiencing one of the most prolonged droughts in recent memory. The bigger concern: They don’t know why. Systematic hedge funds have suffered a steady decline since June that managers are struggling to wrap their heads around. Quant executives, portfolio managers, and headhunters working in the space told Business Insider that
Synopsis Earlier this month, the Securities and Exchange Board of India (Sebi) ordered the impounding of INR4,843 crore from US-based high-frequency trading firm Jane Street. The market regulator alleges that the firm manipulated index prices across 21 expiry sessions between August 2023 and May 2025, earning unlawful gains in the process. Over the years, Sebi
Courtesy photo Charlie Becker, Community Foundation for Delta County Board Chair, along with Board of Trustees Member Mr. Eric Willour present a check in the amount of $18,665.94 from the Dr. Mary L. Cretens Endowment fund, to Vonnie Bruce, Adoption Specialist and Tonya Gartland, Director of the Delta County Animal Shelter. Dr. Cretens loved her
The day’s major News events, business reports, sports updates, Rochester area weather information and tomorrow’s forecast are presented by the News10NBC Team. GREECE, N.Y. – An 8-year-old girl in Greece is raising money for a diabetic alert dog through a lemonade stand this Sunday. Victoria Munno, diagnosed with Type 1 diabetes three years ago, is
Columbia University has agreed to a settlement exceeding US $220 million with the federal government to reinstate previously cancelled federal research funding, the university announced Wednesday, according to the Associated Press. Under the agreement, Columbia will pay $200 million over three years and an additional $21 million to resolve investigations by the US Equal Employment Opportunity
Private equity proponents argue that one of the asset class’s biggest selling points is its low volatility compared with public equities. But Verdad Advisers founder Dan Rasmussen, a longtime critic of the asset class, argues just the opposite in his new analysis of several private equity funds traded on the London Stock Exchange. Rasmussen, with
Jersey Shore beaches may soon be short on sand. Proposed federal budget cuts could slash spending for replenishment. Some visitors to Brick Beach feel it is already lacking sand. “We need some sand,” Anthony Badalamenti said. “It’s only about 30 feet, right?” “It’ll destroy us, and it has before” The Army Corps of Engineers started
Investing Nuthawut Somsuk / iStock via Getty Images Published: July 23, 2025 12:35 pm ETFs have generated higher returns than mutual funds. GLD, VYM, and QQQ have the potential to outpace S&P 500. Are you ahead, or behind on retirement? SmartAsset’s free tool can match you with a financial advisor in minutes to help you