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Former city administrator pleads guilty to money laundering

Lenore Staats 1 month ago

HATTIESBURG, Miss.

A former administrator for a Mississippi city has pleaded guilty to money laundering and making false statements on a federal tax return, federal authorities said.

Randy James, 56, who was once city clerk of Bay Springs in Jasper County, entered the plea Wednesday before Senior U.S. District Judge Keith Starrett, U.S. Attorney Mike Hurst said in a news release.

“I commend local bank employees who spotted this criminal activity, as well as our federal, state, and local law enforcement partners and prosecutors who were diligent in catching this crook and holding him accountable,” Hurst said. “We will continue

Money

The Paper Check-less Business Payments Sea Change

Lenore Staats 2 months ago

Watchers of the B2B payments space already know how overwhelming the power of inertia can be. The great digitization that was supposed to drive out reams of paper has long been promised, but somehow never quite shows up. Paper checks always seem to stick around for another year, as digital progress crawls forward by inches. But that was before COVID-19 showed up and changed the calculation, Dwolla CEO Brady Harris told Karen Webster in a recent fireside chat.

Once it became clear that the pandemic wasn’t a temporary hiccup that companies could survive

Money

Kingston businesses react to federal ban on single-use plastics

Lenore Staats 2 months ago

The clock is now ticking for businesses when it comes to finding alternatives to single-use plastics.

© Global News

On Wednesday, the federal government announced that it is moving to fulfill a promise to ban single-use plastics by the end of 2021.

For many Kingston-area businesses, the move comes as no shock as they have adjusted over the last several years to decrease plastic use.

“Paper bags are something we’ve moved to for almost two years. Same with paper straws,” said Richard Wicklam, the manager of the Tir Nan Og Irish Pub.

Read more: Ottawa plans to ban single-use

Money

Yelp will now identify businesses accused of racism on its platform

Lenore Staats 2 months ago

Starting Thursday, Yelp will add an alert on the pages of businesses that have been accused of racist behavior, following several widely covered allegations of racism at U.S. restaurants in recent months.

The crowdsourced review platform is often the first place customers go to sound the alarm about discriminatory or racist behavior at businesses, discouraging other potential patrons from spending their money there.

“Communities have always turned to Yelp in reaction to current events at the local level. As the nation reckons with issues of systemic racism, we’ve seen in the last few months that there is a clear need

Money

5 student money questions, answered

Lenore Staats 2 months ago

If you’re a student, this school year probably doesn’t look exactly the way you had hoped. The pandemic has added a new layer of concerns – and that’s on top of the usual challenges students face as they adapt to university life. (You know, like making new friends, studying for exams and trying not to blow your whole month’s budget in the first few days.)

While we may not be able to predict the next wave of social distancing regulations, we can offer some advice on thinking smarter about your money. We spoke to five students to answer their most

Money

3 Tips Every Consultancy Business Needs to Grow Strong

Lenore Staats 2 months ago

The upheaval caused by the recent global health pandemic has changed the dynamics of the online world. Brands, businesses, and entrepreneurs are turning towards digital mediums to continue their business activities and retain their positions in the industry, sometimes with the help of paid traffic consultancy firms.

a man and a woman sitting at a table using a laptop computer

© Jose Luis Pelaez Inc | Getty Images

Brandon See has demonstrated how entrepreneurs can find success by using astute decision-making skills and implementing the right tactics and strategies in paid advertising.

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Online consultancy firms have been able to generate massive revenues and cash for e-commerce clients through paid advertising. But

Money

Loans available to rebuild businesses

Lenore Staats 2 months ago

Associated Press
Published 3:23 p.m. CT Sept. 23, 2020 | Updated 3:43 p.m. CT Sept. 23, 2020

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MADISON – The state is making more money available to help small businesses in Kenosha recover from damage during recent unrest over the police shooting of Jacob Blake, officials announced Wednesday.

Gov. Tony Evers and the Wisconsin Economic Development Corporation said another $3 million would be added to the previously-announced $1 million in no-interest loans for small businesses.

Kenosha Fire Chief Charles Leipzig recently told the Police and Fire Commission that damage from the

Money

Safe-T Group Interview to Air on Bloomberg International on the RedChip Money Report

Lenore Staats 2 months ago

HERZLIYA, Israel , Oct. 01, 2020 (GLOBE NEWSWIRE) — Safe-T® Group Ltd. (Nasdaq, TASE: SFET), a provider of secure access solutions for on-premise and hybrid cloud environments, today announced an interview with Shachar Daniel, Co-Founder and CEO, will air on The RedChip Money Report television program. The interview will air Sunday, October 4, at 6 p.m. local time on Bloomberg International, available in 100+ million homes across Europe.

In the exclusive interview, Daniel discusses the Company’s secure remote access technology and plans for growth.

To view the interview segment, please visit: https://youtu.be/BG31KgUb1Js

The interview will also air in the US

Money

Lawmakers approve funding for hospitals, landlords, farmers

Lenore Staats 2 months ago

JACKSON, Miss. (AP) — Hospitals, veterans’ centers, farmers and landlords in Mississippi would receive money to respond to the coronavirus pandemic under bills passed by state lawmakers Thursday night.

Members of the Mississippi House and Senate returned to the Capitol on Thursday to reallocate some of the COVID-19 relief money the state received from the federal government.

Like many other states, Mississippi received $1.25 billion from Congress to respond to the pandemic.

Mississippi lawmakers initially put $300 million into a program to aid small businesses. Officials have said the state received fewer requests than expected for the business aid.

Money

Trump Supports Granting More Small Business Loan Money Immediately, Mnuchin Says

Lenore Staats 2 months ago

Steven Mnuchin wearing a suit and tie: US Treasury Secretary Steven Mnuchin testifies during a House Financial Services Committee hearing on "Oversight of the Treasury Department's and Federal Reserve's Pandemic Response in the US Capitol in Washington,DC on September 22, 2020. Mnuchin said President Donald Trump supports more small businesses loans.

© Joshua Roberts/AFP
US Treasury Secretary Steven Mnuchin testifies during a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response in the US Capitol in Washington,DC on September 22, 2020. Mnuchin said President Donald Trump supports more small businesses loans.

Secretary of the Treasury Steven Mnuchin said President Donald Trump is in favor of granting more federal loans to small businesses, as stimulus negotiations continue to stall.

“The president would very much support signing into law additional PPP [Paycheck Protection Program] money immediately,” Mnuchin said during a congressional hearing.

Mnuchin and Federal Reserve

Money

Square commits $100 million to boost Black-owned banks and businesses

Lenore Staats 2 months ago

Square, the mobile payment company cofounded and led by Jack Dorsey, announced Thursday a $100 million investment to address racial inequality in the financial world.
The company will commit $25 million to four areas including The Black Economic Development Fund, which funds Black-led financial institutions and businesses.
The news follows Dorsey’s August donation of $10 million to Boston University’s Center for Antiracist Research.
Other companies like Mastercard, Citi, and Costco have recently pledged millions to address racial inequality in the US.
Visit Business Insider’s homepage for more stories.

Financial services and mobile payment company Square announced on Thursday its plan

Money

Employee Engagement Has a Direct Link to Successful Business Outcomes

Lenore Staats 2 months ago

Employee engagement is hard to define. Some people think of it as how happy employees are or how committed they seem to reach business goals. Yet, there’s a lot more to it than that. Employee engagement is a key metric that powers your organizational culture, keeps your team members focused and dramatically improves retention.

a couple of people that are wearing glasses and smiling at the camera

© Adam Hester

When people truly care about their work and collaborate as a team for the benefit of the company, productivity levels rise. This results in improved customer satisfaction and a positive impact on your bottom line.

Related: Worried About Disengaged Employees? Make These 7

Money

Newspaper toy fund starts raising money early for a challenging holiday season

Lenore Staats 2 months ago

The Portland Press Herald Toy Fund is facing unprecedented challenges as more Maine families struggle to make ends meet during the coronavirus pandemic and need help bringing their children a sense of normalcy during the upcoming holidays.

The toy fund is making an early appeal for financial support and forming new partnerships with other nonprofit organizations and two additional newspapers to meet that need. The economic pressures of the pandemic come after the charity spent much of its reserve fund in recent years as donations gradually declined and need remained high, according to organizers.

Last year, the toy fund raised

Money

Alipay parent progresses with big-money IPO

Lenore Staats 2 months ago

Mobile payments giant Ant Group moved closer to launching a multi-billion dollar IPO, filing formal documents with the Shanghai Stock Exchange for one segment of its dual-listing, Reuters reported.

The company, which runs China-based payments company Alipay, submitted IPO documents to the exchange’s Science and Technology Innovation Board yesterday (22 September) after being given the green light for its plan last week.

Reuters sources estimate the company could raise $35 billion across its planned listings in Hong Kong and Shanghai, with the moves potentially taking place as early as next month.

Ant Group’s IPO has been speculated for the last

Money

SEB dirty money problems ‘not new’, says Swedish FSA after TV show revelations

Lenore Staats 2 months ago

STOCKHOLM (Reuters) – Sweden’s financial watchdog said on Wednesday that lender SEB’s past deficiencies regarding money-laundering were well known, after Swedish Television (SVT) aired a programme saying 8.2 billion Swedish crowns ($919 million) in suspicious funds had passed through the bank.

SVT’s allegations were based on leaked suspicious activity reports (SARs) filed by banks and other financial firms with the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), which were reported by U.S. and other media on Sunday.

“The fact that there has been suspected illicit financial flows through SEB in the Baltic region is something that has been

Money

New look, new chance. But now mercaditos, like other Latino businesses, hang in the balance

Lenore Staats 2 months ago

Luz Arango waves to a regular at Lupita's Corner Market and Deli, a family-owned business in L.A.'s Westlake District for nearly 30 years. <span class="copyright">(Allen J. Schaben / Los Angeles Times)</span> — Luz Arango waves to a regular at Lupita’s Corner Market and Deli, a family-owned business in L.A.’s Westlake District for nearly 30 years. (Allen J. Schaben / Los Angeles Times)

People have been dropping by Lupita’s corner for years.

¡Hola mija! they often shout as they walk past the front door.

Qué hay de bueno? What’s new?

For 27 years, the little market at West 3rd Street and Lucas Avenue in L.A.’s Westlake neighborhood has been far more than just a store.

“It’s a place that feels like home — like it belongs to us,” said Josefina Reynoso, 72.

Luz Arango, right, helps Josefina Reynoso, who was the first customer at Lupita's 27 years ago. <span class="copyright">(Allen J. Schaben / Los Angeles Times)</span> — Luz

Money

Question: Why Do Bankers Behave So Badly? They Make too Much Money to Ask Questions

Lenore Staats 2 months ago

Over the past 16 months journalists have been scouring through more than 2,000 Suspicious Activity Reports originally sent by banks to the United States Treasury, before being leaked to Buzzfeed and then passed along to the International Consortium of Investigative Journalists.

The reports relate to more than US$2 trillion in transactions over the period from 2000 to 2017. Some of these transactions will already have been investigated, and may be legitimate. In the case of the Australian banks, the regulator AUSTRAC has already asked the US Treasury for some of this information.

There are a number of questions raised by

Money

Eastern Bank idea leads to small-business money management app

Lenore Staats 2 months ago

Monit, a fintech company that stemmed from an idea hatched at Eastern Bank in Boston, has launched a namesake app to help small-business owners analyze and predict cash flow, revenue and profitability.

Rather than charging small-business owners to use it, the app will be delivered through community and regional banks. Monit makes money through software-as-a-service revenue agreements with banks.

This launch is one example of a broader trend in which banks of all sizes are trying to provide better technology to small businesses, in the hopes of attracting and strengthening relationships with them. Apps like Monit’s not only can tie

Money

News, Weather, Sports On All Platforms

Lenore Staats 2 months ago

15-Year-Old Girl Battling Leukemia Is Inspiring Others To Donate BloodCBS 2’s Lauren Victory found a brave young girl from Wheaton who hopes her story inspires others to help, by donating blood.

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200 More Officers To Be Added To City’s Community Safety TeamOn Monday, 200 more officers will be added to the city’s Community Safety Team.

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Trump Could Announce Supreme Court Replacement, Here’s A Look At 2 Women Among The FrontrunnersCBS News has learned two women judges Amy Coney Barrett and Barbara Lagoa are among the frontrunners.

2 hours ago

Semi Truck

Money

NC COVID business grants get few restaurant, bar applicants

Lenore Staats 2 months ago

title= — A boarded-up business in downtown Raleigh on Aug. 28, 2020.

Casey Toth

[email protected]

RALEIGH

While 665 businesses have applied for the legislature’s $60.5 million COVID-19 grant program for struggling small businesses, only 66 of them represent the industries hit hardest by shutdowns aimed at slowing the spread of coronavirus.

The Job Retention Grant program, which had a Sept. 1 application deadline, requires grant recipients to have kept at least 90% of employees through the early months of the pandemic — a requirement that knocks out many shuttered restaurants, bars and entertainment venues that were forced to close and lay off