Victims of cryptocurrency scam awarded restitution
WICHITA, Kan. (KAKE) – After a $47.1 million cryptocurrency scheme caused a Kansas bank to fail, a federal judge ordered during a restitution hearing Monday that millions of dollars seized by the government be divided among investors who suffered financial losses.
In August of this year, 53-year-old Shan Hanes of Elkhart was sentenced to 24 years in prison after pleading guilty to one count of embezzlement by a bank officer.
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Read MoreNewsletter | Mutual Funds that have delivered up to 72% returns; US Elections 2024 & more
From a close look at mutual funds that delivered up to 72% returns last year to key updates from US Elections 2024 — Here are the top 11 news stories across business, global events, tech, and more
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Sagility India IPO opens today: Should you subscribe to this issue?
Sagility India Ltd.’s ₹2,107 crore initial public offering (IPO) will kick off for subscription today,
Read MoreThe economy is voters’ No. 1 issue — and Trump’s record is his knock-out punch
Breaking News
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Read MoreWhy The Federal Reserve is Likely to Cut Interest Rates This Week
Key Takeaways
- The Federal Reserve is widely expected to cut its key interest rate by a quarter percentage point on Thursday, at the conclusion of the two-day meeting of the Federal Open Market Committee.
- The fed funds rate influences borrowing costs, with a higher rate pushing up interest rates on all kinds of loans.
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Read MoreUS shares and Bitcoin hit record highs on Trump win
Image source, Getty Images
- Author, João da Silva & Charlotte Edwards
- Role, Business reporters, BBC News
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6 November 2024
US shares hit record highs on Wall Street and the dollar posted its biggest gain in eight years as Donald Trump was re-elected to the White House in a historic win.
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Read MoreThe Burst
Alert: 1 AI Stock To Hold For The Next 10 Years
Investment Alert: Buy Google (GOOGL) Under $110/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
When ChatGPT launched, it became the fastest growing product,
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Read MoreThe Ivy
Market Commentary: 1 Laser Pioneer Has Huge Upside
IPG Photonics has carved out a niche in the laser technology industry and today stands head and shoulders above its peers, not least because of its extensive patent portfolio, featuring over 1,700 patents. Combined, these create an intellectual property fortress that not only protects the firm’s innovations but also presents a barrier to entry for competitors.
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