Law Office of Camron Hoorfar, PC

The former musical director of “The Arsenio Hall Show” was sentenced to 27 months in federal prison for embezzling nearly $1 million from a charity concert intended to raise money for children made homeless by wars. A restitution hearing in this case will be scheduled in the coming months. Di’Maggio helped raise funds for children who had lost their homes due to global conflicts. Based on his promises, the foundation’s financial sponsor sent nearly $1 million dollars to Di’Maggio who squandered the money on his personal assets and paying his personal debts.

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The state of New Jersey sued Navient on Tuesday, alleging that the student loan servicing company forced borrowers to pay and owe more money than necessary through misleading and deceptive practices. In a lawsuit Navient is accused of steering borrowers into loan forbearance and away from income-driven repayment plans, which typically extend the term and reduce the monthly payment owed. New Jersey also says that Navient failed to inform borrowers about their requirement to recertify that they are eligible for an income-driven repayment plan and gave them inaccurate information about balances due and other information.

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Two new studies have found that after an ambitious expansion of the safety net in the spring saved millions of people from poverty, the aid is now largely exhausted and poverty has returned to levels higher than before the coronavirus crisis. The number of poor people has skyrocketed by 8 million since May, according to researchers at Columbia University, after falling by 4 million at the pandemic’s start as a result of a $2 trillion CARES Act. Using a different definition of poverty, researchers from the University of Chicago and Notre Dame found that poverty has grown by 6 million people in the past three months. The recent rise in poverty has occurred despite an improving job market since May, an indication that the economy had been rebounding too slowly to offset the lost benefits. And now, the economy is showing new signs of deceleration, amid layoffs, a surge in coronavirus cases and deadlocked talks in Washington, D.C., over new stimulus.

In a tight spot financially? Contact our office at 816-524-4949 or you can visit our website at hoorfarlaw.com