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Archive for the ‘Finance Articles’ Category

Warren Buffett’s Berkshire Hathaway lost $340 million to California couple’s massive Ponzi con

Jeff Carpoff (49) and Paulette Carpoff (46), owners of DC Solar in California, pleaded guilty to running a Ponzi that bilked investors of $1 billion, including $340 from Warren Buffett’s Berkshire Hathaway Inc, reports AP. The could spend 15 - 30 years in prison.

As part of their plea deal, prosecutors said the husband and ...

Seattle: Bidding war for $330,000+ home that was too filthy and hazardous for anyone to even tour

A Bothell, Seattle hous -- so filled with garbage, water damaged, and hazardous that the real estate agent didn't allow anyone inside -- just sold in a bidding war for more than its $330,000 list price. Only one photo, of the exterior, was provided in the listing. There were 17 offers; the buyer and final ...

The ***-ex scam stole $60b from European tax authorities: it’s monumentally boring, complicated, and very, very important

***-ex (previously) is a technical, boring financial engineering technique that lets fraudsters file multiple tax-refund claims for the same stock transactions (they called it "dividend arbitrage"); from 2006-2011, the EU's largest, most respectable banks, law firms, and investors used the scam to steal $60,000,000,000.

***-ex is the kind of scam that the finance sector excels ...

UPDATE: Los Angeles-based CREXi raises $30 million for its online real estate marketplace

Los Angeles is one of the most desirable locations for commercial real estate in the United States, so it’s little wonder that there’s something of a boom in investments in technology companies servicing the market coming from the region. It’s one of the reasons that CREXi, the commercial real estate marketplace, was able to establish ...

Wuhan virus puts airlines on high alert around the world

Here’s a good explainer from Reuters on the airline industry’s response to the Wuhan coronavirus outbreak so far. If the virus spreads becomes a pandemic, this could impact world financial markets as did SARS in 2003.

SARS killed about 800 people. Since then, people travel by plane even more, and other things have changed in ...

Crowdfunding Brings Spanish Investors To High Profitability Opportunities

01.23.2020 · Posted in Finance Articles, Other Finance

Making the Selection For Best Outsourced Accounting Bookkeeping & Payroll Services in the United States isn’t an easy task. That’s why you need to make sure that you select the perfect solution providers. To think that investing in companies is a precious thing is not correct. Until now, if you wanted to make your money ...

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