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Wednesday, September 23, 2020

California halts new Pandemic Unemployment Assistance claims following massive fraud allegations

California has halted new Pandemic Unemployment Assistance (PUA) claims for the next two weeks following allegations of widespread fraud. The PUA program is sponsored by...
Nikola Founder Trevor Milton

Nikola founder Trevor Milton steps down as exec. chairman; NKLA shares plummet

Trevor Milton, the founder of Nikola Corporation (NASDAQ: NKLA) voluntarily stepped down as executive chairman and a member of the company's Board of Directors...
NYPD logo

New York City police officer Baimadajie Angwang arrested under allegations of spying for China

A 33-year-old New York City cop and U.S. Army Reservist named Baimadajie Angwang was arrested Monday on federal charges of acting as a foreign agent...
Sea-Watch 4 Rescue Operations

NGO decries Italian blockade of a Sea-Watch rescue ship as ‘politically-motivated”

German humanitarian group Sea-Watch blasted the Italian government for blockading a rescue ship with migrants and holding it for 11 hours in the Sicilian port...
California EDD

California EDD suspends new unemployment applications for 2 weeks to address fraud, backlog

The California Employment Development Department (EDD) is suspending new applications for unemployment benefits to address its existing backlog problems and to reduce fraud. The decision...
WeChat

US Judge blocks Commerce Department order to remove WeChat from app stores

San Francisco's U.S. Magistrate Judge Laurel Beeler blocked a recent Department of Commerce order requiring Apple Inc (NASDAQ: AAPL) and Google to remove WeChat...

H&M dumps Chinese supplier following allegations of forced Uyghur labor

Swedish powerhouse fashion brand H&M has ended its "indirect" relationship with Chinese cotton supplier Huafu Fashion Co., LTD. H&M's decision was prompted by a recent...

Authorities arrested 44 people responsible for California EDD fraud and identity theft

  Authorities arrested 44 people responsible for the California Employment Development Department (EDD) fraud and identity theft.   The Beverly Hills Police Department (BHPD) together with federal,...

Chime valuation surges to $14.5 billion, eclipsing Robinhood as the highest valued consumer fintech...

Fintech has risen to new heights following Chime's recent fundraising round, giving the 'challenger bank' valuation of $14.5 billion, eclipsing Robinhood at $11.2 billion. Chime...

SEC charges former NS8 CEO Adam Rogas for defrauding investors in $123M offering

The Securities and Exchange Commission (SEC) filed a lawsuit against former NS8 CEO Adam Rogas for allegedly defrauding investors in connection to the company’s...

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Comcast logo

Activist Trian Fund sets its sights on Comcast, says company’s stock...

Activist Trian Fund Management LP has purchased a $900 million or 0.4% stake in media giant Comcast Corporation (NASDAQ: CMCSA), betting that the company's...