
Agribusiness giant Cargill not doing enough to fight deforestation, protect human rights, group says
A coalition of activist groups and researchers has released a report it hopes will increase pressure on agribusiness giant Cargill to do more to fight deforestation and human rights abuse
2023-06-14 23:21

EV maker Canoo slashes spending for second half of 2023, forecasts smaller loss
Canoo on Tuesday slashed spending plans for the second half of the year amid a market slowdown for
2023-11-15 07:46

The UAW's 'record contract' hinges on pensions, battery plants
By Joseph White DETROIT After nearly four weeks of disruptive strikes and hard bargaining, the United Auto Workers
2023-10-12 00:50

U.S. trade chief flags concerns over India's license mandate for laptop, tablet imports
By Shivangi Acharya NEW DELHI U.S. trade chief Katherine Tai has raised concerns with India over the Asian
2023-08-27 21:59

California man admits to hiding mother’s death and collecting $830k in benefits
A California man pleaded guilty last week to hiding his mother’s death from the federal authorities for over 30 years, collecting more than $800,000 in benefits under her name. Donald Felix Zampach, 65, pleaded guilty to one count of money laundering and one count of Social Security fraud, according to the Justice Department. “This crime is believed to be the longest-running and largest fraud of its kind in this district,” US Attorney Randy Grossman said in a statement. “This defendant didn’t just passively collect checks mailed to his deceased mother. This was an elaborate fraud spanning more than three decades that required aggressive action and deceit to maintain the ruse.” All told, beginning in 1990, the Poway man collected $830,238. He could face up to 25 years in prison, though US sentencing guidelines suggest it will more likely be a sentence of 30 to 37 months. “He is overwhelmed with regret,” Knut Johnson, Zampach’s lawyer, told The New York Times. As part of his plea deal, Zampach will forfeit the benefit, pay restitution to various lenders, and turn over the home he took possession of in his mother’s name. The benefits scheme was an elaborate one, according to the DoJ. When Zampach’s mother was diagnosed with pancreatic cancer, she left the US and returned to her native Japan, where she died in 1990 at age 61. Her son notified the US embassy in Tokyo of the death, but admitted to leaving blank a box for her Social Security number to avoid the government being aware of her passing, and he repeated this omission on forms for burial permits. Zampach kept up this ruse until September 2022, collecting his mother’s Social Security checks and payments from the Defense Finance Accounting Service, which pays survivors of military veterans. An audit of those over age 90 who hadn’t used their Medicare benefits helped reveal the California man’s scheme. This sort of fraud has happened in the past. In 2018, a Mexican man pleaded guilty to defrauding the government for even longer, spending 37 years collecting nearly $361,000 in government benefits after assuming the identity of a US citizen, according to The San Diego Union Tribune. In 2015, Dutch police learned that a man kept his dead mother’s body hidden for over two years and continued collecting her pension and social assistance payments. He was later caught and forced to repay 40,000 euros, according to 1 Limburg. Read More Real Housewives star Phaedra Parks reveals why she gave her son $150,000 for his 13th birthday Mastercard helping banks predict scams before money leaves customers’ accounts Vermont will pay $16.5M to settle lawsuits by foreign investors in fraudulent ski developments
2023-07-07 03:21

Barclays CEO Warns Banking Deal Revival Still Some Way Off
Stagnant deal activity, easing volatility and peaking interest rates are set to compound pressure on bank earnings, according
2023-10-12 07:49

China’s Copper Woes Damp Spirits of Traders in Asia
Asia’s copper industry meets in Hong Kong next week to discuss a market that should be bursting with
2023-05-12 07:46

Germany's Cabinet is set to approve a plan to liberalize rules on cannabis possession and sale
Germany’s Cabinet is set to approve a plan to liberalize rules on cannabis, setting the scene for the European Union’s most populous member to decriminalize possession of limited amounts and allow members of “cannabis clubs” to buy the substance for recreational purposes
2023-08-16 14:21

Chinese Billionaire Said to Invest in Frette Buyout
A Chinese consortium, co-led by billionaire Ding Shizhong, chairman of Anta Sports Products Ltd., has bought 163-year-old Italian
2023-09-11 11:47

Next Fashion Fans Defy Soggy Summer: The London Rush
Britain’s soggy summer and sticky inflation failed to deter shoppers from splashing out on fashion. Clothing retailer Next,
2023-08-03 15:20

8 tips for parents and teens on social media use — from the U.S. surgeon general
Dr. Vivek Murthy, the U.S. surgeon general, is calling for “immediate action” by tech companies and lawmakers to protect kids’ and adolescents’ mental health on social media
2023-05-23 21:54

Blue Bird Dealer Opens Full-Service Facility for School Buses in New York State
MACON, Ga.--(BUSINESS WIRE)--Oct 17, 2023--
2023-10-17 22:54
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