Charlie Javice, who defrauded JPMorgan of $175M, has the bank cover $115M in legal fees
JPMorgan’s $115 Million Legal Bill for Charlie Javice’s Defense JPMorgan Chase is preparing to pay an astonishing $115 million for the legal defense of Charlie Javice and her former colleague Olivier Amar, both of whom were convicted in a significant fraud case. During the trial, a total of 19 lawyers represented Javice while 16 defended […]
YouTube TV and NBCUniversal face a potential blackout due to a disagreement over fees.
NBCUniversal and YouTube TV are currently locked in a contentious dispute regarding shipping costs. If they can’t reach an agreement by the contract deadline on Tuesday, September 30th, millions of YouTube TV subscribers could find themselves without access to popular shows such as “Sunday Night Football” and “Saturday Night Live.” The loss could extend to […]
Supporting AUM Fees
Over time, I’ve found myself defending positions that perhaps don’t really need defending. Take stock investments, real estate, financial advisors, or index funds, for example. This post fits into that category rather well. I lean toward being critical of AUM (Assets Under Management) fees, but the backlash against them can sometimes get a bit extreme. […]
Some high-end travel rewards credit cards now have annual fees exceeding $500. Here’s what to consider before applying.
Changes in Premium Travel Credit Cards American Express is introducing new platinum business cards, but with higher annual fees that may prompt cardholders to reassess their value. Recently, American Express announced that both the consumer and business versions of their Platinum Credit Card will now carry an annual fee of $895, marking a significant 29% […]
FTC Files Lawsuit Against Ticketmaster for High Fees and Permitting Bots to Resell Tickets
FTC Takes Legal Action Against Ticketmaster The Federal Trade Commission (FTC) has launched a significant lawsuit against Ticketmaster, claiming that the online ticketing giant is profiting off excessive fees while ignoring illegal ticket reselling by bots. On Thursday, the FTC filed the lawsuit in a California federal court, alleging that Ticketmaster, a subsidiary of LiveNation, […]
Bitcoin Core cuts default minimum relay fees by 90% with new update
Bitcoin Adjusts Default Minimum Relay Fee Bitcoin’s core software has lowered the default minimum relay fee for transactions, marking a significant adjustment in how users transfer funds on the network. With the release of Bitcoin Core 29.1 on September 4th, the default minimum relay rate is now set at 100 Satoshis per 1000 virtual bytes […]
New York City renters experience major savings after broker fees are eliminated.
Landlord and Tenant Savings Amid Rent Trends Tenants in New York City are enjoying significant savings on broker fees, even though landlords are pushing for higher rents. However, experts in real estate caution that these financial benefits may not last. Since the implementation of apartment fairness on June 11, renters have saved an average of […]
Capital One Files Lawsuit Against FDIC, Claiming Excessive Fees Linked to Banking Crisis
Capital One has filed a lawsuit against the Federal Deposit Insurance Corporation (FDIC), claiming that the bank was overcharged by more than $149.2 million during a special valuation set to compensate for losses incurred in the deposit insurance fund. This valuation arose from the collapses of Silicon Valley Bank and Signature Bank earlier in 2023. […]
Customs fees reach a new high in August due to tariff income
In August, federal customs revenues reached a new high, largely due to the elimination of tariffs on imports, a key aspect of the Trump administration’s economic strategy. According to the Treasury, tariff revenues soared to $30 billion, which is nearly a 300% increase compared to last year. This figure marked a rise from $28 billion […]
DC attorney general files a lawsuit against Athena Bitcoin for claimed undisclosed fees
DC Attorney General Sues Crypto ATM Operator Athena Bitcoin The DC Attorney General’s Office has taken legal action against Athena Bitcoin, a crypto ATM company, alleging that it failed to implement adequate anti-fraud measures. This comes after the company reportedly charged private fees for deposits while being aware that a significant portion was linked to […]