Powerful ex-lawmaker Ray Holmberg pleads guilty to going to Europe to pay for sex with minor
A prominent former lawmaker who was one of the North Dakota Legislature’s most influential members pleaded guilty in federal court Thursday to traveling to Europe with the intent of paying minors for sex. Ray Holmberg, 80, of Grand Forks, was charged in October 2023 with traveling with the intent to engage in unlawful sexual activity […]
FTX ordered to pay $12.7M to customers, fraud victims
Now-defunct cryptocurrency exchange FTX and its sister company Alameda Research Ordered to pay $12.7 million The Commodity Futures Trading Commission (CFTC) announced the measures on Thursday to customers and victims of fraud. FTX will pay $8.7 million in damages and an additional $4 million to compensate victims of a “massive fraud scheme” orchestrated by Sam […]
FTX ordered to pay $12.7B to customers after SBF’s massive fraud
A U.S. court has ordered bankrupt cryptocurrency exchange FTX to pay $12.7 billion in relief to customers, the Commodity Futures Trading Commission announced in a statement on Thursday. In March, FTX founder Sam Bankman Freed was sentenced to 25 years in prison for stealing $8 billion from clients. “The order requires FTX to pay $8.7 […]
After a Pay Boom, Raises Are Shrinking
University of Maryland economist Peter Morici weighs in on whether Wall Street investors believe the economy is doing better under Biden than Varney and others expected. The days of big wage increases are over, with companies already planning to cut pay increases next year. The decline in pay raises, along with last week’s lackluster jobs […]
Disney may have to pay $5B more for Comcast’s Hulu stake to resolve dispute
Walt Disney said Wednesday that the company may have to pay up to an additional $5 billion to acquire Comcast’s minority stake in Hulu if appraisers agree that Comcast should value its minority stake in Hulu at more than $40 billion. Disney and Comcast hired investment bank RBC Capital as an independent appraiser earlier this […]
Yankees must make opponents pay for walking Aaron Judge
The walk that will do the most damage to the Yankees isn’t the one that sent the message the other day when Gleyber Torres advanced to first base, looked like he was going to hit a home run, only to end up with a single and Aaron Boone replacing him shortly thereafter. Everything Aaron Judge […]
Coca-Cola to pay $6 billion in back taxes and interest to the IRS
Coca-Cola announced Friday that it will pay $6 billion in back taxes and interest following a settlement with the IRS in a lawsuit dating back nearly two decades. The dispute covers fiscal years 2007-2009, with the IRS alleging that Coca-Cola should have reported higher revenues as a result of international transfer pricing. “We look forward […]
Coca-Cola to pay $6 billion in back taxes and interest to the IRS after tax court ruling
In a ruling, a U.S. Tax Court judge in Atlanta ruled that the soda giant owes the IRS $2.7 billion plus interest. Coca-Cola announced Friday that it will pay $6 billion in back taxes and interest following a settlement with the IRS in a lawsuit dating back nearly two decades. The dispute covers fiscal years […]
Tesla lawyers ask judge to vacate decision invalidating Musk’s $56B pay package
Lawyers for Elon Musk and Tesla Inc.’s directors are seeking to overturn a Delaware judge’s ruling that ordered the company to back out of Musk’s massive and unprecedented compensation package. Friday’s hearing followed a January ruling in which Chief Justice Katherine St. Jude McCormick concluded that Musk engineered a landmark compensation package in 2018 in […]
Flavor Flav helps US Olympic athlete pay rent after cries for help on social media
U.S. Olympians are struggling with rent and food prices amid soaring inflation during the upcoming Olympics, and now a rapper is stepping up to help. U.S. discus thrower Veronica Fraley posted on X on Thursday that she couldn’t pay her rent ahead of her Olympic debut on Friday. CLICK HERE FOR MORE SPORTS COVERAGE ON […]