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Monthly Archives: February 2022
Owner of bitcoin exchange sentenced to prison for money laundering
Rossen G. Iossifov, a Bulgarian national, was sentenced to 121 months in federal prison for participating in a scheme where popular online auction and sales websites — such as Craigslist and eBay — falsely advertised high-cost goods (typically vehicles) that … Continue reading
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Tax Time Guide: Important considerations before filing a 2021 tax return
Now that the 2022 tax season is open, the Internal Revenue Service reminds taxpayers to make sure they’ve got what they need before they file and to consider free resources available to help them get organized. Don’t file before readyWhile … Continue reading
Posted in Taxation
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Native American Tribes Reach $590 Million Opioid Settlement
More than 400 tribes and tribal organizations accused the prescription drug industry’s largest players of purposely flooding their communities with highly addictive opioids, causing overdose deaths and health care costs to skyrocket. The settlement is with Johnson & Johnson and … Continue reading
Posted in Lawsuits
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Doja Cat, Iggy Azalea Partner BH Cosmetics Files for Bankruptcy
BH Cosmetics, which recently created makeup lines with Doja Cat and Iggy Azalea, has filed for bankruptcy. The cosmetics brand filed for chapter 11 bankruptcy protection on Jan. 14, with plans to sell its intellectual property for $4.3 million. BH … Continue reading
Posted in Bankruptcy, General
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San Fernando Valley family members sentenced to years in prison for fraudulently obtaining tens of millions of dollars in COVID relief
The Ayvazyan family received sentences ranging from 17.5 years in prison to 10 months of probation for crimes ranging from bank and wire fraud to aggravated identity theft. The family used stolen and fictitious identities to submit 150 fraudulent applications … Continue reading
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CFPB Sues United Holding Group, Its Affiliates, and Its Owners for Illegal Debt Collection Practices
The Consumer Financial Protection Bureau (CFPB) has sued United Debt Holding (UDH), JTM Capital Management (JTM), United Holding Group (UHG), and their owners, Craig Manseth, Jacob Adamo, and Darren Turco, for illegal debt-collection practices, according to a CFPB press release. … Continue reading
Posted in Debt, Lawsuits
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Wells Fargo to Scrap Bounced Check, Overdraft Protection Fees by March 30
Wells Fargo & Co. has said that it will stop charging customers fees for bouncing checks and will waive fees for customers using its overdraft protection services by March 30, as it becomes the latest bank to announce changes to … Continue reading
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39 states settled lawsuits and investigations against the student loan giant Navient Corporation
These lawsuits against Navient related to allegations of predatory lending and illegal student loan servicing that harmed borrowers nationwide. Per the terms of the settlement, with a bipartisan group of 39 state attorneys general, borrowers will enjoy $1.7 billion in … Continue reading
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4.3 Million Americans Left Their Jobs in December as Omicron Variant Caused Disruptions
Around 4.3 million people quit or changed jobs in December. This number is down from the previous month’s all-time high but still near record levels, as the labor market remained unsettled and the omicron variant swept through the nation. Employers … Continue reading
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Former Billionaire Suing Montana Over Forced Bankruptcy
A former billionaire, Tim Blixseth, has filed a lawsuit against Montana’s Department of Revenue seeking hundreds of millions of dollars in damages along with attorneys fees after a federal judge ruled the state wrongfully tried to force him into bankruptcy … Continue reading
Posted in Bankruptcy, General
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