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☆ Investors in Airbnb arbitrage business allege they were defrauded in scheme promising 'higher returns than the stock market'
▼ + stars: | 2024-02-11 | by ( Rohan Goswami Annie Palmer | Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +18 min

Airbnb told CNBC that business practices such as Agyeman's aren't permitted. Airbnb told CNBC it had no business relationship with Agyeman and had taken action to curtail his operations. Carr and other HFA investors told CNBC their frustrations were dismissed or met with legal threats. To get around Airbnb's rules, HFA instructed its investors to list their own homes, a former employee and two investors told CNBC. Airbnb told CNBC that it was rolling out a more robust verification process in the U.S. and elsewhere beginning as early as 2024.

Persons: Elham Ataeiazar Daryn Carr, Carr, Anthony Agyeman, Agyeman, HFA, they've, Agyeman haven't, Airbnb, Brian Chesky, Brendan McDermid, Reuters Carr, Thomas Hunker, Hunker, Wessel Botes, Megan Shears, Shears, It's, Kathy, she'd, copywriters, couldn't, who'd, Collin Ballard, Collin Ballard Ballard, Ballard, lister, HFA's, Agyeman's Wealthway, Wealthway, David Levine, he's, Levine, Levine didn't Organizations: Federal Trade Commission, Department of Justice, Justice Department, FTC, CNBC, Inc, New York Stock Exchange, Reuters, Agyeman, Investors, Google, HFA, MGM, Dallas, North Locations: hustles, Covid, New York City, New York, Airbnb, HFA, Texas, Instagram, Fort Myers, Sanibel, Las Vegas, Dallas, U.S, Agyeman, Florida, North America, Botes

☆ A 'sea change' may be coming for investment advice about 401(k)-to-IRA rollovers, one expert says
▼ + stars: | 2023-11-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Bloomberg | Bloomberg | Getty ImagesWhy Labor Department wants to raise protectionsIn 2020, about 5.7 million Americans rolled a total $618 billion into IRAs, according to most recent IRS data. IRAs held about $11.5 trillion in 2022, almost double the $6.6 trillion in 401(k) plans, according to the Investment Company Institute. Here's the problem, in the eyes of the Labor Department: 401(k) investors have certain protections that don't generally extend to IRA investments or the advice to move money to IRAs. "ERISA fiduciary duties are the highest fiduciary duties under U.S. law," said Josh Lichtenstein, partner at law firm Ropes & Gray. That advice typically generates compensation like a commission for the broker or agent, and the Labor Department is concerned those incentives may bias recommendations for certain investments that pay them more but aren't in an investor's best interests.

Persons: IRAs, Josh Lichtenstein, Pew, Julie A, Su, Tom Williams, David Levine Organizations: Bloomberg, Getty, Labor Department, Investment Company Institute, ICI, Gray, Investors, Pew, Trusts, Labor, Health, Education, Washington , D.C, CQ, Inc, The Labor Department, White House Council, Economic Advisers, Groom Law Locations: rollovers, IRAs, Washington ,

Among the many conspiracy theories that have fueled that belief on the right are those surrounding ballot drop boxes. Users have promoted the investigation as evidence for the persistent, false narratives about widespread fraud connected to ballot drop boxes. Some Republican lawmakers, who had raised concerns about the security of drop boxes during the pandemic, said the Bridgeport videos prove they were correct. In many cases, drop boxes are placed in locations where they can be monitored by election staff or security cameras. “It’s not the ballot boxes that are the problem,” said Cheri Quickmire, executive director of the voter advocacy group Common Cause in Connecticut.

Persons: —, Donald Trump’s, Doug Dubitsky, ”, Dubitsky, Trump, David Levine, “, Joe Ganim, John Gomes, Gomes, Ganim, Sen, Rob Sampson, It’s, Cheri Quickmire, They've, Matt Ritter, ” ___ Cassidy, Christine Fernando Organizations: Democrats, Republicans, Republican, Democratic, Marshall Fund’s Alliance, Securing Democracy, General, Associated Press, Voting, Connecticut Legislature, Hartford Democrat Locations: HARTFORD, Conn, Connecticut’s, Bridgeport, Idaho, In Connecticut, United States, Connecticut, “, Atlanta, Chicago

☆ Fact Check-WiFi access inside a polling place is not proof of election fraud
▼ + stars: | 2022-11-16 | by ( Reuters Fact Check | ) www.reuters.com time to read: +5 min

Access to WiFi inside a polling place is not automatic proof of voter fraud, despite claims made online, experts told Reuters. The post led to claims that a new WiFi network suddenly appearing from inside a polling station can lead to voter fraud. WIFI PRESENCE NOT EVIDENCE OF FRAUDBut the presence of a WiFi network inside a polling place is not automatic proof of nefarious activity, experts in election security told Reuters. The presence of a WiFi network inside a polling place is not automatically proof of fraud, experts told Reuters. WiFi-connected electronic polling books that check in voters are commonplace at polling stations across the country.

☆ Blackstone and Prologis turned warehouses from safe and boring investments into white-hot assets. Now they're battling to see who can own more.
▼ + stars: | 2022-10-19 | by ( Alex Nicoll | Danielle Walker | Daniel Geiger | ) www.businessinsider.com time to read: +11 min

In other words, big money is buying up warehouse space as fast as smaller owners can sell. The coronavirus pandemic accelerated this change, with warehouse investment outpacing office investment in 2020 and 2021, according to CBRE. A Prologis warehouse in Ichikawa City, Japan. Prologis, Blackstone, and the rest of big money duke it outOther big-money investors have increasingly invested in warehouses. The UK's Segro once sold warehouse space to Blackstone — now it's acquiring its own warehouses for last-mile delivery that Blackstone might have otherwise picked up for itself.

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