List of All Articles with Tag 'rica'

Commercial International Bank SAE, Egypt’s largest private bank, secured $250 million in loans from the World Bank’s International

Inflation in the US likely continued to soften in June but a key measure of underlying price pressures

The biggest cocoa trade in more than a decade is rattling the London exchange, bringing back memories of

Brazil’s President Luiz Inacio Lula da Silva yielded to pressure from a prominent political party and agreed to

US Climate Envoy John Kerry is heading to China for talks on global warming as tensions simmer between

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

Wisconsin Gov Tony Evers, a Democrat, used his line-item veto power to enact a state budget that increases spending for public schools for the next 400 years, The Milwaukee Journal Sentinel reported. Mr Evers used the broad powers given to Wisconsin governors to strike a hyphen and the “20” from a reference to the 2024-2025 school year. The line-item veto will make sure that the limits that the state imposes on school districts on how much they are allowed to raise per student will increase by $325 until 2425. The line-item veto will table debates between the two parties during the budget-writing season. Republicans control the state legislature in Wisconsin. Mr Evers said that the move would “provide school districts with predictable long-term increases for the foreseeable future.” Mr Evers also used his line-item veto to nullify much of Republicans’ proposed $3.5m tax cut that would have mostly slashed taxes on the state’s wealthiest residents. But Robin Vos, the speaker of the state House, decried the move. “Legislative Republicans worked tirelessly over the last few months to block Governor Evers’ liberal tax and spending agenda. Unfortunately, because of his powerful veto authority, he reinstated some of it today,” he said in a statement. Dan Rossmiller, who represents the Wisconsin Association of School Boards, said that while the permanent annual funding was “certainly appreciated,” the additional funding could vary depending on the school district and that the rate might not meet or exceed inflation rates in some districts. “I wish the amount would have been higher,” he said. “With inflation at 40-year highs, it's really important to be able to attract and retain teachers and staff, and to be able to pay the increased costs of everything in a school district's budget.” Republicans likely could not override Mr Evers’s action since they lack a veto-proof majority in the state legislature. Read More Watch live: Trump aide Walt Nauta attends court on charges related to classified documents DeSantis doubles down on ‘homophobic’ anti-Trump ad: ‘Totally fair game’

The number of women lawmakers in Sierra Leone is set to more than double after the West African

NEW YORK Bank of America (BofA) said on Wednesday it planned to increase its quarterly common stock dividend

By Rajesh Kumar Singh CHICAGO JetBlue Airways Corp said on Wednesday it will not appeal a U.S. judge's

The Zimbabwean government will meet with Bravura Holdings Ltd., a company owned by Nigerian tycoon Benedict Peters, over

Australia has approved its first thermal coal project since Prime Minister Anthony Albanese came to power, drawing criticism