Category Archives: General

U.S. Household Debt Tops $16 Trillion Amid Rising Inflation

U.S. household debt increased to a record $16.15 trillion in the second quarter, driven mostly by a $207 billion jump in mortgage balances, with credit card and auto loan debt also rising as consumers raised their borrowing to deal with … Continue reading

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Worker Classification 101: employee or independent contractor

A business might pay an independent contractor and an employee for the same or similar work, but there are key legal differences between the two. It is critical for business owners to correctly determine whether the people providing services are … Continue reading

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Coinbase Faces SEC Probe on Crypto Listings; Shares Fall

Coinbase Global Inc. is facing a U.S. probe into whether it improperly let Americans trade digital assets that should have been registered as securities. The company’s shares fell as much as 9.2%. The U.S. Securities and Exchange Commission’s scrutiny of … Continue reading

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CEO of Reality TV Production Companies Sentenced to One Year in Federal Prison for Defrauding Private Lender Out of $2 Million

The CEO of two Hollywood production companies that specialize in reality-television programming was sentenced to 12 months and one day in federal prison for fraudulently obtaining a $2 million business loan using fabricated documents and by misrepresenting his companies’ financial … Continue reading

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Ex-Coinbase Employee and 2 Others Charged with Insider Trading of Cryptoassets

Federal authorities filed criminal and civil charges against a former Coinbase employee and two other men in an insider-trading case involving confidential information about cryptocurrency assets that were about to be posted on Coinbase’s exchange. All three of the men … Continue reading

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Ex-Coinbase Employee and 2 Others Charged with Insider Trading of Cryptoassets

Federal authorities filed criminal and civil charges against a former Coinbase employee and two other men in an insider-trading case involving confidential information about cryptocurrency assets that were about to be posted on Coinbase’s exchange. The three men were involved … Continue reading

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Justice Department Seizes $500,000 from North Korean Hackers

The Department of Justice (DOJ) was able to restore the funds of hospitals in Kansas and Colorado that had recently been victims of ransomware attacks. The agency seized and returned nearly half a million dollars from North Korean hackers to … Continue reading

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People without a filing requirement may miss out on a refund if they don’t file a 2021 tax return

Some people may choose not to file a tax return because they didn’t earn enough money to be required to file but may miss getting a refund if they don’t file. While the filing deadline is October 17, 2022 to … Continue reading

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SEC Probes Better.com After Lawsuit Alleges Company Misled Investors

The Securities and Exchange Commission is examining whether Better.com violated federal securities laws. Federal securities regulators have requested documents from Better.com and its blank check company Aurora Acquisition Corp. about their business activities, the companies said in filings with the … Continue reading

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Bank of America Fined $225 Million Over Botched Disbursement of State Unemployment Benefits

The Consumer Financial Protection Bureau (CFPB) has fined Bank of America $100 million for botching the disbursement of state unemployment benefits at the height of the pandemic, according to a CFPB press release. Bank of America automatically and unlawfully froze … Continue reading

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