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☆ A beginner's guide to investing in art — that won't break the bank
▼ + stars: | 2023-11-09 | by ( Lucy Handley | ) www.cnbc.com time to read: +10 min

Will Ramsay, founder and CEO of the Affordable Art Fair, which puts on exhibits worldwide, said collecting art is easier than people might think. However, contemporary art is likely to increase in value over the long term, Diament said. There's also a satisfaction in buying something from a living artist, Diament said. "Some people like color, other people like to focus on drawings without color … you have people who collect just one artist," Taylor said. Provenance — which refers to the history and ownership of a piece — is often an important consideration when buying art.

Persons: Nicholas Bowlby, Puja Bhatia, You've, Karen Taylor, Taylor, Maria Artool, Will Ramsay, Robert Diament, Diament, you'll, Tracey Emin, Carlotta Cardana, There's, Knight Frank, Knight, Ramsay, Eileen Agar, Jeff Spicer, George Romney, Voltaire, Magda Archer, Ella Kruglyanskaya, Carl Freedman, Benjamin Senior, Richard Parkes Bonington, Judith Burrows, he'd, It's, Artool, Isabelle Paagman, Sotheby's, Paagman, Shepard Fairey Organizations: CNBC, Fair, of, Bloomberg, Getty, Knight, Investment, Art Market Research, Whitechapel Gallery, Art, San, Wallace Locations: London, U.K, British, Austin, Berlin, Brisbane, Latvian, Britain, Venice, American, Europe, Italy, Paris, France

☆ Slowly and Steadily, Snails Have Overtaken the Runway
▼ + stars: | 2023-11-08 | by ( Ella Riley-Adams | ) www.nytimes.com time to read: +1 min

The brand referred to them as “fluid interruptions,” a concept that was echoed in the collection’s flowing organza dresses and fringed skirts. Above all, though, it evoked the secretions of a snail, an animal that has recently been crawling into the realms of design and fashion. In an accelerated age, it makes sense that we’d revere a creature that moves through the world slowly and deliberately. In 2019, he released a wearable snail-shaped art piece made from recycled plastic bottles and bags. At least 1,100 species of land snails are known to be endangered, so it’s only natural that the fashion companies celebrating snails in their designs are usually those that limit waste or rely upon recycled materials: The British label Story Mfg.

Persons: ”, Eric Tobua, who’s, Brent Neale Winston Organizations: British Locations: Bangkok

☆ How the Humble Sheet Cake Became Top Tier
▼ + stars: | 2023-11-07 | by ( Martha Cheng | Sharon Radisch | ) www.nytimes.com time to read: +2 min

The Los Angeles-based baker Michelle Boulos can still picture the sheet cakes she ate as a child: slathered with bright white frosting, decorated with tiny plastic balloons. But the confections she makes and sells via her Instagram account No Good Cakes are something else entirely. On one recent creation, frills of buttercream surrounded an acid green ombré surface inspired by a chemical spill. Boulos, 34, started baking the fantastical cakes out of her home in 2022 after making one for a wedding. “I got bitten by the sheet cake bug,” she says.

Persons: Michelle Boulos, “, Lucie Franc de Ferriere, Rose Wilde, Red, ”, Julie Saha Locations: Los Angeles, Manhattan, Lucie, Williamsburg, Brooklyn

NEW YORK (AP) — Serena Williams will be honored at Monday’s Council of Fashion Designers of America awards for her career and contributions to American fashion. Williams, who retired from tennis last year, is the first athlete to win the CFDA's Fashion Icon award. Adira River Ohanian is the second child — and second daughter — for Williams and her husband, Reddit co-founder Alexis Ohanian. In 2018, she launched her “S by Serena” clothing line, and in 2019, a jewelry line. ___This story corrects the age of Serena Williams.

Persons: — Serena Williams, Williams, Anne Hathaway, —, Reddit, Alexis Ohanian, Serena ”, Thom Browne, Browne, “ I’ve, Serena, I’ve, Kim Kardashian, Serena Williams Organizations: Monday’s Council of Fashion Designers of America, American Museum of, Amazon Fashion Locations: Manhattan, Olympia

☆ Aid trickles in to Nepal villages struck by earthquake as survivors salvage belongings from rubble
▼ + stars: | 2023-11-06 | by ( ) www.cnbc.com time to read: +4 min

Damaged houses lie in ruins, in the aftermath of an earthquake at Pipaldanda village of Jajarkot district on November 4, 2023. The U.S. Geological Survey said that the quake occurred at a depth of 11 miles (18 kilometers). Nepal's National Earthquake Monitoring and Research Center confirmed that the epicenter was in Jajarkot, about 400 kilometers (250 miles) northeast of the capital, Kathmandu. Friday night's quake was also felt in India's capital, New Delhi, more than 800 kilometers (500 miles) away. A 7.8 magnitude earthquake in 2015 killed around 9,000 people and damaged about 1 million structures.

Persons: Balkumar Sharma, BALKUMAR SHARMA, —, Harish Chandra Sharma, Nirmala Sharma, Mina Bika, Rekha Sharma Organizations: AFP, Getty Images, Geological Survey, Earthquake Monitoring, Research Center, Authorities, Emergency Locations: Pipaldanda, Jajarkot, Nepal, Nepal's, U.S, Kathmandu, Surkhet, India's, New Delhi, Earthquakes

☆ Hang out with Team USA at the Paris Olympics? For deep-pocketed gifters, this extragant present is up for grabs
▼ + stars: | 2023-11-05 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +5 min

For $195,000, the two-day experience includes premiere seats to a performance at the Metropolitan Opera House.during American Ballet Theatre’s 2024 summer season in New York City. Join Team USA at the Paris Olympics in 2024 Neiman MarcusGet up, close and personal with Team USA at the 2024 summer Olympics in Paris for a hefty $210,000. This experience includes three nights in Paris, where the recipient will receive official Ralph Lauren Team USA clothing signed by Team USA athletes before attending the Olympic Games opening ceremony. It also include exclusive access to Team USA House to dine, celebrate, watch live broadcasts of the games and meet athletes. You’ll be taken through the design process with the Cadillac team and observe it in action at the Cadillac House and Artisan Center.

Persons: Neiman Marcus, Neiman Marcus ’, there’s, Rosalie O'Connor, Neiman Marcus Get, Ralph Lauren, Neiman Marcus Here’s, Carmen CELESTIQ, You’ll, Nina Magon, Neiman Marcus Who doesn’t, Maison Baccarat Organizations: New, New York CNN, American Ballet, Metropolitan Opera House, Metropolitan Opera, Disney, Walt Disney Animation Studios, USA, Paris Olympics, Team USA, Team USA House, Cadillac, Cadillac House, Artisan Center, Michelin, Cannes Film, Film, Ville de, University of Texas, Anderson Cancer Center, Foundation Locations: New York, Cannes, NYC, New York City, Burbank , California, Hollywood, Paris, Detroit, Milan, Indonesia, Bali, France

If your package has been lost or stolen, reach out to the sender or seller about a replacement or refund. But with the joy of the holiday season comes the headache of package theft. So as we approach another season of packages and deliveries, what should you do if you have an Amazon package stolen, a USPS package missing, or a UPS package lost? Contact the retailerIf in fact your package has been lost or stolen, contact the retailer and let them know what has happened. File a claim with the shipping companyYou can file a claim for a stolen package with Fedex and UPS.

Persons: — Organizations: Service, Fedex, UPS, U.S

☆ Charlie Munger reflects on one investment Warren Buffett passed up — Costco
▼ + stars: | 2023-11-04 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett and his longtime business partner Charlie Munger almost never butt heads, but there has been one rare area of disagreement between the two investment legends. Costco has grown from less than $5 a share in the early 1980s to more than $560 a share today. 'Shoot me first' As Munger's obsession over Costco grew stronger over the years, Buffett learned to make lighthearted jokes about it. "Charlie said, 'I would like to give, once more, my speech on the virtues of Costco — with illustrations.' I kind of used them up between Costco and Apple," Buffett once said.

Persons: Warren Buffett, Charlie Munger, Munger, —, Buffett, James Sinegal's, Berkshire Hathaway, didn't, Warren wouldn't, Warren doesn't, Sears Roebuck, It's, Buffett's, he's, Charlie Organizations: Costco Wholesale Corp, Oracle, Price Club, Costco, Berkshire, BNSF, Apple Locations: Omaha, America, Berkshire

☆ Look of the Week: Kim Kardashian sparkles with new Swarovski x Skims collaboration
▼ + stars: | 2023-11-03 | by ( Manav Tanneeru | Leah Dolan | ) edition.cnn.com time to read: +4 min

CNN —Whether you’re going out or just going to bed, Kim Kardashian wants to make sure you can glisten head-to-toe. The reality star-turned-business mogul’s clothing brand Skims revealed this week a new partnership with jewelry brand Swarovski: A line of shimmering crystal bodysuits, dresses and even underwear launching November 7. Courtesy Swarovski x SkimsThe launch comes at a time when Kardashian is using her label to experiment. Alongside body chains and glittering second-skin dresses, the Swarovski x Skims collection includes embellished flesh-toned jumpsuits and crystal-encrusted briefs. Rabbani and Solimene Photography/WireImage/Getty ImagesAnd while the latest Swarovski collaboration is not quite couture, it is certainly more accessible.

Persons: you’re, Kim Kardashian, ”, Kardashian, Skims, Coco Chanel, Daniel Swarovski, Maison Gripoix, Robert Goossens —, Dior, Balenciaga, Yves Saint Laurent, Christian Dior, Cristóbal, Viktor, Rolf's, Rolf’s, lookers, Maggie Rizer, Rolf, Adam Selman, Rihanna, Rabbani Organizations: CNN, Skims, NBA, Fairchild, Penske Media, of Fashion Designers Locations: New York City

☆ She was a Pan Am flight attendant, he was a pilot. Their inflight meeting sparked a 50-year romance
▼ + stars: | 2023-11-03 | by ( Francesca Street | ) edition.cnn.com time to read: +19 min

CNN —Flight attendant Ilona Zahn was less than impressed when she first met pilot Ian Duncan. Ilona was working the first class cabin on the Pan American Airlines flight from Rome to Tehran, traveling via Beirut and Damascus. It was, says Ilona, “a long, romantic embrace.”When their Pan Am flight returned to Rome, Ian and Ilona spent the evening walking around the city together. When their flights didn’t coincide, they’d leave letters for one another at Intercontinental Hotels frequented by Pan Am crew. Ilona DuncanWhile Ilona was enjoying her romance with Ian, she was also keen to hold onto her independence.

Persons: Ilona Zahn, Ian Duncan, Ilona, Ian, ” Ilona, “, haven’t, Ilona wasn’t, Ilona Duncan Ilona’s, ’, ‘, ”, Rome Here's Ilona, Ilona Duncan, warily, wouldn’t, he’d, –, she’d, who’d, John F, Here's Ian, He’d, They’d, Rome, ’ ”, Iona, Pan, She’d, ” Ian, Ilona weren’t, Richard Burton, Elizabeth Taylor, Sophia Loren, “ Ilona Zahn, Manhattan –, Pan Am, Duncan, Ilona Zahn Ilona, She’s, Ian’s, I’m Organizations: CNN, Pan American Airlines, CNN Travel, Boeing, Pan, Royal Tehran Hilton, John, Kennedy, Intercontinental Hotels, Pan Am, “, Playboy, Airbus, Hotel Metropole Locations: Rome, Tehran, Beirut, Damascus, Tabasco, Worcestershire, ”, Iran, Germany, London , New York, Paris, American, Trevi, New York, Sydney, Australia, London, Tokyo, Kenya, Bermuda, JFK, Pan, New Delhi, Bangkok, Hong Kong, West Hampton, Long Island, Manhattan, Long Island , New York, Las Vegas, Fiji, Samoa, France, China, Virginia, Chesapeake, “, Florida

☆ Sam Bankman Fried’s fate is now officially in the hands of 12 jurors
▼ + stars: | 2023-11-02 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

New York CNN —Sam Bankman-Fried’s fate is now officially in the hands of a jury of his peers. Chief among those errors, according to his own testimony, was was not hiring a dedicated risk management team. “I made a number of small mistakes and a number of larger mistakes,” Bankman-Fried said on the stand last week. Although Bankman-Fried made mistakes, he never defrauded anyone, Cohen told jurors. “Poor risk management is not a crime.”Bankman-Fried’s parents, Barbara Fried and Joseph Bankman, were both in the courtroom again Thursday.

Persons: Sam Bankman, Lewis Kaplan, Kaplan, Fried, ”, They’ve, “, Danielle Sassoon, Mark Cohen, Cohen, ” Cohen, Barbara Fried, Joseph Bankman, Bankman, — Sabrina Souza Organizations: New, New York CNN, Prosecutors, Alameda Research Locations: New York, Manhattan, FTX, Alameda

☆ Egypt’s pyramids host breathtaking new art exhibit
▼ + stars: | 2023-10-30 | by ( Francesca Perry | ) edition.cnn.com time to read: +7 min

In one project, a new pyramid structure emerges in wicker; in another, glass sculptures appear to make the ancient pyramids float on water. Organized by Nadine Abdel Ghaffar, the founder and curator of Cairo-based arts firm Art D’Égypte, the event aims to celebrate ancient Egyptian culture through contemporary creativity. “I’ve always been fascinated by the Pyramids of Giza and the entire ancient Egyptian culture — the mysticism around it, the enigmas,” Zeta said. Courtesy CulturVator - Art D'E“Translucent Pyramid” by Saudi artist Rashed Al-Shashai, adds a new, 6m-tall pyramid to the plateau. Conceived as seemingly archaeological fragments of a labyrinth, each one is decorated with perforated motifs taken from historic diagrams of the ancient Egyptian labyrinth.

Persons: Nadine Abdel Ghaffar, D’Égypte, Artur Lescher, ”, Pilar Zeta, I’ve, ” Zeta, Carole A, Sabine Marcelis, ” Marcelis, Stephan Breuer French, Glass, Costas Varotsos, Rashed Al, Sam Shendi, Azza Al Qubaisi, D'E Rashid Al Khalifa, JR, – Organizations: CNN, UNESCO, Bahraini, JR Locations: Giza, Egypt, Cairo, Brazil, Mexico, Argentinian, French, Saudi

☆ The boomer market boon
▼ + stars: | 2023-10-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

With that in mind, Bank of America has a way the rest of us can cash in on the boomer boon, writes Insider's Aruni Soni. Millennials vs. boomer spending Bank of AmericaIf you don't want to invest in boomers, you could always just invest like them. Regardless of what you decide to do with your money, just don't bank on getting more of it from your relatives. The billionaire hedge fund boss and owner of the New York Mets isn't expecting a deep recession or prolonged market downturn. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: —, John Knox, Joe Raedle, boomers, They're, Insider's Aruni Soni, Treasurys, Insider's Filip De Mott, Cuban, Neil Cavuto, Steven Ferdman, Charlie Munger, Bill Ackman, Michael Baron, Steve Cohen, Linda Yaccarino, Elon Musk, Jerod Harris, Jenny Chang, Rodriguez, it's, Arantza Pena, Taylor Swift, Devin Booker, John Adams, Diego Maradona, Ivanka Trump, Keyatta Mincey, Parker, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Bank of America, of America, Big Tech, Fox Business Network Studios, Dallas Mavericks, New York Mets, Elon, Elon Musk's, Microsoft, Google, Amazon Web Services, Kansas, HSBC Locations: Pompano Beach , Florida, New York City, Phoenix , Arizona, Local Kansas City, Kansas City, McDonald's, San Diego, London, New York

“I have been consistently surprised at the resilience of consumer spending,” Christopher Waller, an influential member of the Fed’s board, said in a speech this month. “The acceleration of consumer spending on experiences (has) propelled us towards another outstanding quarter,” said CEO Jason Liberty. Wealthier households, in particular, have enjoyed substantial growth in home values and stock portfolios, which are likely juicing their spending. Spending on the bank's credit and debit cards by households with incomes below $50,000 has risen faster than spending by higher-earning clients. “Consumer spending across all segments from high to low has remained stable since March."

Persons: —, they've, ” Christopher Waller, ”, Jason Liberty, “, Tim Duy, they're, Julia Pollak, Sarah Wolfe, Morgan Stanley, Small, Bret Csencsitz, Aditya Bhave, Valerie Zaffina, Zaffina, Bhave, Biden, Christopher Suh, ___ Organizations: WASHINGTON, U.S, Federal Reserve, Royal Caribbean Group, Travelers, ZipRecruiter, Fed, Gotham, Bank of America, Visa Locations: U.S, New York City, COVID, Ramsey , New Jersey, I’m, Washington, New York

☆ Taylor Swift has made Kansas City her new stomping ground — and local shops say business is booming
▼ + stars: | 2023-10-29 | by ( Juliana Kaplan | Eliza Relman | ) www.businessinsider.com time to read: +11 min

Kansas City has been gripped by Taylor Swift mania amidst her relationship with Travis Kelce. Taylor Swift. They're not alone: Swiftmania has seized Kansas City, and the next great American dynasty — of a blockbuster football team and pop music superstar — is invigorating the Midwestern city. Indeed, Lonely Planet included Kansas City on its list of top destinations to visit in 2024 released on Thursday. While Swift is not single-handedly responsible for the Kansas City renaissance, her presence is currently being felt in the wallets and streets of Kansas City.

Persons: Taylor Swift, Travis Kelce, —, Megan Folmsbee, Who's Travis, Swift, Westside Storey, Folmsbee, They're, Swiftmania, Ericka Hamilton, Misha Wilson, Randi Mahomes, Patrick Mahomes, Hamilton, Wilson, Randi, Travis Kelce's, ❤️, RsE3P5HKAd —, Sarah Fretwell, Erimish, Fretwell, Travis, Jason Kelce, hasn't, Taylor, We've, Xavier Ross, RAYGUN, It's, Ross, it's, Abby Meyer, Meyer, Dolce, Erin Brown, they've, Katlyn Howard, That's, Brown, Jack Stack, Kelce, Patrick Joyce, Joyce, could've Organizations: Kansas City, Swifties, Service, Westside Storey, Kansas City Chiefs, Westside, Chiefs, Kansas, RsE3P5HKAd — ESPN, Philadelphia Eagles, Arrowhead, University of Toronto, KC, . Kansas City's Union, Union, Bakery, Kansas City's, Lonely Planet Locations: Kansas, Arrowhead, Kansas City, Arkansas, . Kansas, Argentine

COLUMBUS, Ohio (AP) — The Ohio Supreme Court has upheld a 65-year prison term imposed on a central Ohio woman who pleaded guilty to stealing jewelry and other valuables from several dozen elderly residents at nursing homes and assisted living facilities. The trial court imposed consecutive sentences, saying "no single prison term" would be adequate given the serious offenses. Political Cartoons View All 1223 ImagesThe high court reversed that decision in 2019 and told the appeals court to reconsider. The state Supreme Court voted 4-3 in December to send the case back for reconsideration again. But in January — after control of the high court shifted parties — it voted 4-3 to reconsider its own decision.

Persons: Susan Gwynne, Gwynne Organizations: Columbus Dispatch, Ohio Reformatory, Women Locations: COLUMBUS , Ohio, Ohio, Delaware County, Franklin County, Fifth, Marysville

☆ For Simone Brewster, It’s Hands-On
▼ + stars: | 2023-10-27 | by ( Rachel Garrahan | ) www.nytimes.com time to read: +1 min

As part of the preparations for her first solo exhibition, held this past summer at the NOW Gallery in South London, Simone Brewster designed “Crown,” a set of wooden combs inspired by traditional African hairstyles. Six weeks later, unable to find anyone who could execute the small but complex designs, Ms. Brewster was about to give up. Then Max Lamb, a friend and fellow designer, offered his workshop, which had the band saw, pillar drills and sanding machines she needed to make them herself. “It went from being this really stressful thing, because no one would make them for me, to something really fun,” said the designer, 40, who has picked up a variety of craft skills since she studied woodworking at school. “Once I know I’m going to make something, it’s not stressful for me because I know I can do it.”

Persons: Simone Brewster, ”, Omar, —, Brewster, Max Lamb, “ Organizations: NOW, “ Locations: South London

☆ How 2023 became the year of the lab-grown diamond
▼ + stars: | 2023-10-26 | by ( Diana Pearl | ) edition.cnn.com time to read: +9 min

The company isn’t the only one seeing big sales from this category: Lab-grown diamond brand Brilliant Earth saw a 15.7 percent net sales increase in 2022, to $440 million. Dorsey, another exclusively lab-grown jewelry brand, sold over a million stones last year. Broadening the marketMany consumers plough the savings from buying a lab-grown diamond into more jewelry — a bigger engagement ring, for instance. Valeria Mongelli/Bloomberg/Getty Images/File“The lab-grown diamond is not in competition with mined diamonds, it’s a complement to mined diamonds,” said Sayed Haider, COO, merchandising and operations at Diamond Nexus, which added a line of lab-grown diamonds to its offering earlier this year. Lab-grown diamond brand Dorsey sold over a million stones last year.

Persons: CNN CNN —, Pandora, ”, Pamela Anderson, Dorsey, Tiffany, Lionel Bonaventure, haven’t, Paul Zimnisky, Golan, De, Mary Carmen Gasco, Megan Strachan, Valeria Mongelli, Sayed Haider, “, Strachan, Grace Coddington, Pandora Dorsey, influencers, Bella Hadid, Justin, Hailey Bieber, that’s, Zuo Dongchen, Anderson, Precious Lee, De Beers, Bruce Cleaver, Fred, Ashley Barrett It’s, Shah Organizations: The, Fashion, CNN CNN, Diamond District, New, Brands, Cartier, Getty, De Beers, Pandora, Business, Bloomberg, Diamond Nexus, ”, Vogue, Marketing, Publishing, British Fashion Council, Business of Fashion, CNN Locations: New York, Astor, Paris, AFP, Zhengzhou, China

NEW YORK (AP) — A man was trapped inside a steel-reinforced concrete jewelry vault in New York City overnight after firefighters had to abandon an attempt to rescue him for safety reasons. Fortunately, the vault was on a timer and opened on its own Wednesday morning, officials said. Sarrocco did not explain how the man became trapped. Fire and police department personnel were in communication with the man inside the vault and could watch him on a security camera. “The process was started to breach the wall at the vault,” he said in a news conference at the scene.

Persons: John Sarrocco, Sarrocco, ” Locations: New York City, midtown Manhattan

You may think the term "net worth" only applies to celebrities and CEOs, but it's something we all have — and we all should know it. Here's a breakdown of both median and average American net worth by age, according to the Federal Reserve's Survey of Consumer Finances published in October 2023. Knowing your net worth can help you assess whether your next financial move is a good one. Empower (formerly Personal Capital) and Mint are two platforms that make tracking your net worth easy. Empower has its own net worth calculator and Mint has a net worth-specific dashboard that calls out your progress each month.

Organizations: Federal Reserve's Survey, Consumer, Federal Reserve Survey, Consumer Finances, Google, Android, CNBC, CNBC Select's, Facebook, Twitter Locations: U.S

The current exemption limit is $12.92 million for estates of individuals and $25.84 million for the combined estates of married couples. About 0.1 to 0.2% of estates of people who died in recent years have been subject to federal tax. A common strategy is to trim your estate's value before Dec. 31, 2025, and then keep it below the exemption limit, if feasible, or as low as possible to minimize tax exposure. This would assure substantial resources for their grandkids' educations while reducing the couple's combined estate by $1.7 million. While getting organized to reduce your estate's value by making gifts, it's a good idea to get updated real estate appraisals.

Persons: it's

☆ The Whimsical Yet Edgy Jewelry Brand That Celebrities Love
▼ + stars: | 2023-10-20 | by ( Upasana Das | ) www.nytimes.com time to read: +1 min

Studded with pearls, the leather glovelette carried an OH V monogram with a stallion head, surrounded by an onyx dragonfly, imago butterflies and a Kaputt crystal. The monogram is a signature house aesthetic for Outhouse Jewelry, a brand created by two sisters: Kaabia and Sasha Grewal. The monogram is ever-present in each piece of jewelry they create, signifying metamorphosis and a move beyond conventional femininity. And even when “they’re bridal, they can still be very contemporary.”Outhouse has steadily crossed international waters in its popularity. “You would never take a look at their collection and peg it as just an Indian jewelry brand,” said Archana Thani, a jewelry curator and consultant as well as the former managing editor of Vogue India.

Persons: Alia Bhatt, Karl Lagerfeld’s, Kaabia, Sasha Grewal, ” Kaabia Grewal, “, ”, Archana Thani Organizations: Jewelry, Vogue India

☆ 10 Charged in $20 Million Scheme to Sell Black-Market H.I.V. Drugs
▼ + stars: | 2023-10-20 | by ( Erin Nolan | More About Erin Nolan | ) www.nytimes.com time to read: +1 min

Federal prosecutors have accused 10 people of orchestrating a $20 million scheme to “get rich” by buying and selling black-market H.I.V. medications that in some cases had been purchased from low-income patients who risked their lives by selling it. Some of those accused in the case then used the proceeds to buy luxury cars, waterfront real estate in New York City, designer clothes, jewelry and gold, according to a statement released Friday by Damian Williams, the U.S. attorney for the Southern District of New York. According to a 24-page indictment filed in Federal District Court in Manhattan, the scheme also involved bribing patients to use specific local pharmacies that were involved in the plot and defrauding Medicare, Medicaid and private insurance companies of millions of dollars since 2017. Mr. Williams said those accused in the case had been “preying on vulnerable members of society.” Several of the defendants are facing decades in prison on various charges, including conspiracy to commit wire fraud and health care fraud and money laundering.

Persons: Damian Williams, Williams Organizations: Southern, of, Court Locations: New York City, U.S, of New York, Manhattan

☆ Man Poses as Mannequin to Steal Jewelry
▼ + stars: | 2023-10-20 | by ( Jenny Gross | More About Jenny Gross | ) www.nytimes.com time to read: 1 min

In a storefront window in Warsaw, Poland, stood at what first glance appeared to be a mannequin in a mustard-colored sweatshirt. Only it was not a mannequin, but a 22-year-old man. Once the store closed, the man leaped into action, stealing jewelry, according to the Warsaw police. It will most likely be his last meal at the shopping center for some time. The police have arrested the man and charged him with theft and burglary, they said in a statement on Wednesday.

Locations: Warsaw, Poland

Ruderman pleaded guilty Thursday in federal court in Miami. Four of Ruderman’s co-conspirators previously pleaded guilty for their roles in the 1 Global fraud, the Justice Department said. Andrew Dale Ledbetter, 81, a lawyer from Fort Lauderdale, Florida, pleaded guilty in 2021 to conspiracy to commit wire fraud and securities fraud. Steven Allen Schwartz, 78, of Delray Beach, Florida, a director and consultant at 1 Global, pleaded guilty in 2020 to conspiracy to commit wire fraud and securities fraud. Jan Douglas Atlas, 78, of Fort Lauderdale, Florida, a lawyer, pleaded guilty in 2019 to conspiracy to commit wire fraud and securities fraud.

Persons: Carl R, Ruderman, Hallandale Beach , Florida —, “, Ruderman’s, Alan G, Heide, Andrew Dale Ledbetter, Steven Allen Schwartz, Jan Douglas Atlas Organizations: MIAMI, LLC, Court, Global, Justice Department, Investors, Securities, Exchange Commission, SEC, Trust Locations: Florida, Miami, Hallandale Beach , Florida, Lake Worth , Florida, Fort Lauderdale , Florida, Delray Beach , Florida

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