March 15, 2025

politics

Crypto

Crypto scam wrecks Kansas bank, sends CEO to prison

The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had duped him in a “pig butchering” scheme that appealed to his greed, federal prosecutors said. The massive embezzlement by

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Funds

Gentner Drummond cites potential ‘deadly consequences’

Attorney General Gentner Drummond issued a formal opinion Sunday directing Ryan Walters to release to school districts millions of dollars in security funds appropriated by the Oklahoma Legislature in the wake of 2022’s deadly Uvalde, Texas, school shooting. Drummond’s formal opinion, which has the force of law, found that districts can carry over funds from

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Property

Brenda Josephson: Dunleavy signs property tax assessment reform into law

Rep. Julie Coulombe, Gov. Mike Dunleavy, Sen. Jesse Bjorkman By BRENDA JOSEPHSON This week saw the fruition of a grassroots effort to improve Alaska’s property tax assessment process by establishing guardrails to protect the public from bad actors from abusing property owners at the local level. Gov. Mike Dunleavy signed SB179, an act relating to municipal

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Mortgage

U.S. 30-year fixed-rate mortgage steadies near 15-month low, Freddie Mac says

NEW YORK, Aug 15 (Reuters) – The average rate on the popular U.S. 30-year mortgage rate was little changed near the lowest level in over a year this week, as signs of cooling inflation have held down the Treasury bond yields used in setting home loan costs. The 30-year fixed-rate mortgage averaged 6.49% during the

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Finance

Finance minister says government is an ‘open book’ amidst RCMP Greenbelt probe

Ontario’s finance minister says he has not been contacted by the RCMP in its ongoing Greenbelt investigation but insists he is an “open book” if detectives want to sit down with him. Last week, Premier Doug Ford’s office said current and former staffers were being interviewed by the Mounties “as witnesses” as the force’s investigation

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Finance

Council finance chair Justin Brannan files for NYC comptroller run

A rocker, a president and the “Lady in Red.” New York City Councilman Justin Brannan is eyeing a run at the Big Apple’s Comptroller’s seat in next year’s election, The Post has learned. The Brooklyn Dem, who currently serves as the council’s finance chair, filed paperwork with the Campaign Finance Board Tuesday allowing him to

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Finance

Denton races’ latest finance reports show more developers’ contributions, 2 council members trying to unseat incumbent | News

Denton City Council candidates submitted their final campaign reports for the 2024 municipal election last week revealing thousands in developer donations, contributions to support each other and a push to put more development-friendly candidates on the council. Two candidates — Jill Jester and Brandon Chase McGee, both of whom won their elections — were late

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Crypto

Crypto trader turns nearly $1M in $18,000 in 4 hours

With renewed optimism in the cryptocurrency market, traders have jumped again into meme coin speculation driven by the fear of missing out (FOMO). As a cautionary tale, a crypto trader just lost nearly $900,000 worth of Solana (SOL) in this player-vs-player game. On August 8, Lookonchain urged investors to “please don’t FOMO buy meme coins”

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Finance

US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption case

NEW YORK — Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a financial conspiracy case that welled up from from his country’s “ tuna bond ” scandal and swept into a U.S. court. A federal jury in New York delivered the verdict. Chang was accused of accepting payoffs to put his African nation

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Finance

U.K.’s new finance chief pitches Bay Street on plan to boost investment in Britain

Open this photo in gallery: Rachel Reeves, Chancellor of the Exchequer for Britain, speaks during an interview at the British Consulate in Toronto on Aug 7.Fred Lum/The Globe and Mail Britain’s Labour Party romped to victory last month over the incumbent Conservatives with a focus on economic growth and a promise of fiscal restraint aimed

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