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Tag: million

$165 Million Luxury Apartment Building to Open for Los Angeles Homeless Population

A taxpayer-funded luxury apartment complex is reportedly opening in Los Angeles’ Skid Row neighborhood and will provide housing and luxury amenities for hundreds of homeless people. The 278-unit, 19-storey tower is due to open within the next few weeks and will be a “self-contained environment that will isolate formerly homeless residents from the devastation and […]

Atlanta prosecutor jailed for 7 years after stealing $15 million through PPP loans

Daily Mail report A former deputy city attorney in Atlanta who also had a life advice podcast was sentenced to seven years in prison for obtaining nearly $15 million in COVID relief loans. Sherisa Robertson, 62, reportedly used her illegally obtained funds to buy a 10-carat diamond ring, a Rolls Royce and a motorbike. She […]

Want $1 Million in Retirement? Investing $10,000 in Each of These 2 Stocks for the Long Term Could Help You on Your Way – Yahoo Finance

High-quality companies with sustainable earnings growth can lift your portfolio over time and become a wealth-building engine. Most people who retire with high net worths are likely to have earned impressive returns from stock investments. The key is that investors shouldn’t bet too much on any one horse. Diversified Portfolio Investing is important to manage […]

Five convicted in $250 million COVID relief scheme

Five Minnesota residents were convicted Friday of misusing funds intended to feed children during the pandemic in a $250 million COVID relief plan. Jurors also acquitted two others of involvement in a $40 million scheme to defraud federal child nutrition programs. After three days of deliberations, the jury found five defendants guilty of most charges […]

Five found guilty in $40 million scheme to steal from federal food aid program

After a seven-week trial, a jury found five defendants guilty for their part in exploiting government funding for a program created to feed low-income children after school and during the summer. The defendants received more than $40 million from the Department of Agriculture for 18 million meals at 50 food sites across Minnesota, which was overseen […]

Robinhood buys crypto exchange Bitstamp in surprise $200 million deal – Fortune

Robinhood announced on Thursday that it has acquired Bitstamp, one of the world’s oldest cryptocurrency exchanges, in an all-cash transaction valued at approximately $200 million. The acquisition, expected to close in the first half of 2025, will advance one of Robinhood’s strategic objectives by expanding the company’s presence in international markets. Bitstamp has been a […]