Tag: million

Posted in Insurance

Richmond company owner to pay over $2 million in fraud plea

MARTINEZ — The owner of a Point Richmond construction company must pay more than $2 million in restitution and fees, and serve a year of home detention, as part of a plea deal to settle a criminal case involving charges of insurance and payroll tax fraud.

Maurosan Milhomem, the owner of Viking Pavers Inc., agreed to the plea deal Monday. He was formally sentenced to 364 days in jail, though he is eligible to serve the term on house arrest, prosecutors said.

Milhomem was charged with six felonies alleging he evaded more than $2 million in insurance premiums and taxes over seven years. A news release from the Contra Costa District Attorney’s office says Milhomem used a “complex” scheme to avoid making the payments, including using a shell company to employ unlicensed workers.

The crimes were discovered after two employees were involved in a car accident, and Viking Pavers never

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Posted in Finance

Trump campaign accused of using ‘pass-through’ vendors to obscure $170 million in payments

An ethics watchdog group has accused President Donald Trump’s reelection campaign of obscuring nearly $170 million worth of campaign spending through so-called “pass-through” vendors linked to campaign leadership instead of disclosing the true recipients of the funds.

In an FEC complaint filed on Tuesday, the Washington-based nonpartisan group Campaign Legal Center said American Made Media Consultants and Parscale Strategy, two companies set up and by run by campaign leadership, including former campaign manager Brad Parscale, have been disguised as providing a variety of services to the campaign, when in reality they have essentially served as “clearing house” firms that dole out contracts and payments to various subcontractors and vendors without revealing the ultimate recipients of the donor money.

Since 2019, the Trump campaign and Trump Make American Great Again committee, a joint fundraising committee with the Republican Party, have reported paying American Made Media Consultants and Parscale Strategy nearly $170

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Posted in Insurance

An Unprecedented 14 Million Children Are Going Hungry Due To The COVID Crisis

Nearly 14 million children in the United States went hungry in June, as the economic fallout from the pandemic continued to batter families. That’s an increase of more than 10 million since 2018, and nearly three times the number of children who went hungry during the Great Recession, according to an analysis of Census data released by the Hamilton Project on Thursday.

The food crisis shows no signs of abating, either, as COVID-19 cases continue to rise, the relief measures implemented by the federal government in March are set to run out in a few weeks, and it’s not clear whether children will go back to school, where many get fed.

“It’s pretty bad and it’s not getting better,” said Lauren Bauer, an economic fellow at the Brookings Institution who conducted the research.

Typically, children are fed even in families that are really struggling; parents will go hungry in order

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Posted in Business

If a 15-year-old can make $1 million as a dropshipper, this training can help you do the same

TLDR: The Ultimate Amazon FBA and Dropship Master Class Bundle explains all you need to know to open, stock, manage and grow a thriving Fulfilled by Amazon business.

As a 15-year-old in Kosovo, Engjell Berisha got enticed by the moneymaking possibilities of dropshipping, selling products from a manufacturer or wholesaler’s stock without investing in inventory yourself. Rather than waiting a few years until he was older, Engjell jumped in at an age when most kids would be playing Fortnite.

And it turned out to be a shrewd move as the teen made almost $1 million in revenue in his first year of operation.

Of course, there’s no guarantee you could make that kind of money after entering the world of dropshipping and Fulfilled by Amazon (FBA) storefronts. But nobody’s saying you wouldn’t either. Either way, the training available in The Ultimate Amazon FBA and Dropship Master Class Bundle ($39.99, over

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Posted in Personal

Pritzker’s $56 Million For ‘Fair Tax’ Values Politics Over People

CHICAGO — Back when Gov. J.B. Pritzker was secretly spending taxpayer cash on private charter flights to China to buy personal protective gear as the coronavirus crisis hit Illinois, some people would ask to poke the billionaire for not kicking in the kind of cash he spent to get elected — $171 million of his own money — to help people struggling under his stay-at-home order.

At the time, that didn’t seem fair. Pritzker did donate $4 million to the Illinois COVID-19 Response fund. Even a billionaire doesn’t deserve to be criticized for not donating enough of his own money to help people during unprecedented pandemic.

But I changed my mind about that after seeing a campaign finance disclosure filed late Friday — the start of the July 4th holiday weekend — that showed the Hyatt Hotel heir peeled off $51 million of his inherited fortune to fund a marketing

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Posted in Personal

Nation’s capital grudgingly hosting fireworks bash; Pfizer hopes to provide 100 million vaccine doses by year’s end

Pharmaceutical giant Pfizer reported encouraging early results Wednesday for a vaccine targeting SARS-CoV-2, the virus behind COVID-19, and said that if all goes well it could manufacture up to 100 million doses by year’s end.

The encouraging news comes as U.S. coronavirus cases were surging and with multiple states reporting new daily records, and the World Health Organization warning that the global pandemic is “speeding up.”

The Trump administration, undeterred, unveiled plans for the Fourth of July fireworks extravaganza on the National Mall, an annual event that routinely draws hundreds of thousands of people. Others were more reticent, with California Gov. Gavin Newsom planning to announce “aggressive” coronavirus restrictions later Wednesday.

Texas, which set new marks for positive cases and hospitalizations, has shut down bars. So did Arizona, while Florida banned alcohol consumption at them. White House task force leader Vice President Mike Pence is meeting with Arizona officials Wednesday

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Posted in Insurance

Harvey Weinstein Victims Win $19 Million Settlement In Civil Case

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A group of women in the entertainment industry who sued Harvey Weinstein over allegations of sexual harassment, sexual abuse and rape announced Tuesday evenng they have reached an $18.875 million settlement with Harvey Weinstein, The Weinstein Company Holdings and certain former officers, directors and employees of TWC.

Plaintiffs Louisette Geiss, Sarah Ann Thomas, Melissa Thompson, Melissa Sagemiller, Nannette May, Katherine Kendall, Caitlin Dulany, Larissa Gomes and a Jill Doe filed their motion for preliminary approval of the class action settlement today in the United States District Court for the Southern District of New York. If approved by the court, the settlement will create a victims’ fund allowing all women who were abused by Harvey Weinstein under certain circumstances to make claims for damages in a confidential and non-adversarial process.

More from Deadline

Filed in November 2017, the class action lawsuit alleges that Harvey

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Posted in Personal

Netflix to Shift $100 Million in Cash Into Black-Owned Banks

(Bloomberg) — Netflix Inc. will shift as much as $100 million to lenders that serve the Black community, making it the largest company yet to pledge cash to historically underfunded financial institutions.

The online TV giant will start by shifting $25 million into the Black Economic Development Initiative, a new fund that will invest in Black-owned financial institutions serving low-income communities, and $10 million to Hope Credit Union. Going forward, the company will steer 2% of its cash on hand, which currently amounts to about $5 billion, to financial organizations that directly support African-American communities.

News of Netflix’s commitment sent shares of Black-owned banks soaring Tuesday. Carver Bancorp Inc. jumped as much as 173% in New York trading and Broadway Financial Corp. gained as much as 83%.

Large U.S. companies have rushed to show support for African Americans following the death of George Floyd, one of several Black people killed

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Posted in Business

Global virus infections top 10 million

Global infections from the novel coronavirus have topped 10 million as the rate of new cases surges, particularly in the United States and Latin America, according to an AFP tally on Sunday.

One million new infections were recorded in only six days, according to the count based on official sources, just as countries start to unwind punishing lockdowns that have devastated their economies and thrown millions out of work.

The worldwide death toll from the disease that first emerged in China six months ago is also nearing 500,000 as fears grow of a full-blown second wave, with the rate of contagion doubling since May 21.

The United States, the hardest hit country, has surpassed 2.5 million cases alone, as efforts to reopen the world’s economic powerhouse were set back by a jump in new infections in big states such as Florida.

President Donald Trump was under mounting pressure to set

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