An entrepreneur is accused of impersonating divine messages through text messages to manipulate a devout elderly investor into funding a planned theme park rivaling Disney. Richard M. Silanskas Jr. admitted in a deposition to sending text messages to 91-year-old O. Gene Bicknell labeled “Today’s Word” and signed as a nun named “Sister Catherine,” reports Inc. …
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Scammers posing as Wells Fargo and FBI officials have drained $20,000 from a 75-year-old Texas woman through a phone scheme. Police say callers convinced the victim to send the money to fix supposed problems with her bank account, reports Coconut Creek Talk. She obtained a $20,000 cashier’s check and deposited it into a Wells Fargo …
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Anthropic is said to be seeking to raise as much as $100 billion in the offering, which could value the AI company at about $2 trillion. Anthropic is in talks with Nvidia about a potential $10 billion investment in what may be the biggest IPO in history, Reuters reported on Saturday, citing people familiar. The …
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Rising oil prices are threatening to drain liquidity from markets and trigger a stock market correction within the next 30 days despite strong corporate earnings. Morgan Stanley chief US equity strategist and chief investment officer Mike Wilson outlined the risk in a Bloomberg Television interview, reports The Street Wilson pointed to potential oil prices of …
A Georgia woman has reportedly lost $73,000 after callers posing as Bank of America fraud investigators and a police sergeant pushed her to pool her savings and wire the money out. A woman claiming to work in the bank’s fraud unit said someone was stealing from her and patched her through to a supposed officer …
Betmgm has rolled out a football-season product slate built around two headline features: a prop bet refund when a named player is injured early, and a free-to-play game with a weekly $50,000 bonus bets jackpot. Both are excluded in several jurisdictions, and one of them covers ground prediction markets have just been pushed off. Two …
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The institution remarked that the move represents a new chapter after starting as a Latin American-focused business. Nu is now scaling to bring its services to the U.S. and internationally, with the launch of a global multi-currency digital account in 35 countries. Nu launches services in the US, Goes Global Nu, one of the largest …
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Big money, huge interests, and two different positions on privacy: Venture capital powerhouse Andreessen Horowitz (A16z) has fiercely defended its investment in the controversial Flock surveillance network while pouring millions into financial privacy simultaneously. A16z Stance On Privacy And Flock Explained As the fight over Flock automated license plate readers (ALPRs) heats up in the …
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Investors in Massachusetts have lost nearly $11 million after a promissory-note Ponzi scheme drained a West Springfield loan business. Barbara A. Hirshfield, 83, of Lexington, has pleaded guilty to five counts of wire fraud for running a Ponzi scheme through Ideal Financial Services Inc. and Ideal Financial Holdings, says the U.S. Attorney’s Office for the …
A pair of Washington women have admitted to running an identity theft and bank fraud operation that hit more than 250 victims over multiple years. The DOJ says Emily Vranic, 34, and Heather Marquis, 37, of Bremerton used stolen mail to activate fraudulent credit cards, open new accounts and seize control of existing bank accounts. …
A Connecticut bank has lost more than $33,000 after police say forged paperwork, stolen identities and impersonation powered a string of fraudulent withdrawals. Bryan David Sheriff, 25, of West Morningside St. in Hartford, is facing multiple felony counts in the case, reports WFSB. Thomaston Savings Bank’s fraud department alerted Thomaston police to the suspected fraud …
The Office of the Superintendent of Financial Institutions adopted an innovation-friendly approach to tokenized deposits, stressing that they are “not legally distinct” from traditional deposits, paving the way for banks and other financial institutions to build onchain rails for their operations. Canadian Banking Regulator Takes A Stance Regarding Tokenized Deposits The Canadian financial system has …
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More details have come forth about Sydney Sweeney’s viral ad for sports prediction market Novig, which drew an adult content warning on X. It has now been revealed that the actress has joined Novig as a strategic partner and equity holder, with the company’s chief executive claiming she approached him first. Viral Ad Came With …
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Crypto buying plans and bullish price expectations emerged from a wealth manager poll, with 60% planning allocations within a year and an equal share anticipating year-end gains. Yet 67% had no existing crypto allocation. Polled Wealth Managers Signal Plans for Crypto Exposure Potential crypto demand emerged from a presentation to 400 wealth managers, with 60% …
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Clearpool plans to bring institutional lending infrastructure to the XRP Ledger while replacing CPOOL with a proposed CLEAR token. The overhaul would recapitalize its treasury and fund incentives intended to support the network expansion. Clearpool Links Token Migration to XRP Ledger Expansion Institutional borrowers and lenders could gain another route into XRP Ledger-based credit under …
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