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Wealthy Americans ages 26 to 35 are moving to Florida, Texas, and New Jersey. This was in contrast to the over 5,000 net young high earners who left New York, which still had the highest count of young high earners of any state. Despite losses of nearly 2,700 high earners, New Jersey netted over 1,000 wealthy, young professionals. Connecticut, which ranked sixth for net migration of young high earners, had a similar trend compared with all high earners. Washington, DC, exceeded Washington state at 16%, even though it lost nearly 700 young, wealthy professionals.
Persons: SmartAsset, Austin, Zer Organizations: New Jersey ., New, Service, New Jersey —, California ., Boston Locations: Florida , Texas, New Jersey, New Jersey . Austin, Jacksonville, Denver, New York, California, Wall, Silicon, Miami, Austin , Texas, Jersey City , New Jersey, Florida, Texas, Idaho, Montana, Jersey City, Hoboken, Connecticut, Washington, California . Washington, DC, Colorado, North Carolina, Tennessee, Dallas, Jacksonville , Florida, New York City, Chicago
The American Red Cross is now allowing gay and bisexual men to donate blood without restrictions that specifically single out a person's sexual orientation or gender, the nonprofit group said Monday. The Red Cross is implementing new Food and Drug Administration screening guidelines that apply to all potential donors and are based on an individual risk assessment. The Red Cross provides about 40% of the nation's blood supply. Under the new FDA guidelines, men in monogamous sexual relationships with other men are eligible to donate as long as they meet other screening criteria. The Red Cross said in a statement that the organization understands the waiting period based on a history of anal sex appears to unfairly target gay and bisexual men.
Organizations: Hoboken Rec, Food and Drug Administration, FDA Locations: Hoboken, Hoboken , New Jersey
Alex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, exits the Manhattan federal court in New York City, U.S., July 25, 2023. REUTERS/Brendan McDermid/File PhotoNEW YORK, Aug 4 (Reuters) - Alex Mashinsky, the founder and former chief of the now-bankrupt cryptocurrency lender Celsius Network, must face a lawsuit by New York Attorney General Letitia James accusing him of civil fraud, a Manhattan state court judge ruled on Friday. Mashinsky has separately pleaded not guilty to criminal fraud charges brought by the U.S. Department of Justice tied to Celsius' demise. Lawyers for Mashinsky in the New York civil case did not immediately respond to requests for comment. The case is New York v. Mashinsky, New York State Supreme Court, New York County, No.
Persons: Alex Mashinsky, Brendan McDermid, Letitia James, Margaret Chan, Chan, James, Martin, general's, Mashinsky's, Mashinsky, Jonathan Stempel, Will Dunham, Cynthia Osterman Organizations: REUTERS, New York, U.S . Department of Justice, U.S . Securities, Exchange Commission, U.S . Commodity Futures Trading Commission, . Federal Trade Commission, Lawyers, Mashinsky, Mashinsky , New York, Court, Thomson Locations: Manhattan, New York City, U.S, New York, Hoboken , New Jersey, Mashinsky , New, Court , New York County
NEW YORK, July 13 (Reuters) - Alex Mashinsky, founder and former CEO of bankrupt cryptocurrency lender Celsius Network, pleaded not guilty Thursday to U.S. fraud charges that he misled customers and artificially inflated the value of his company's propriety crypto token. Three federal regulatory agencies also sued Mashinsky and Celsius in connection with the case. Mashinsky, 57, was charged with seven criminal counts - including securities fraud, commodities fraud and wire fraud - according to an indictment unsealed earlier on Thursday. Its founder Sam Bankman-Fried was charged with fraud last year, and has pleaded not guilty. "Whether it's old-school fraud or some new-school crypto scheme, it doesn't matter one bit.
Persons: Alex Mashinsky, Mashinsky, Sam Bankman, Fried, Ona Wang, Roni Cohen, Pavon, Cohen, Damian Williams, Williams, Hannah Lang, Luc Cohen, Chris Prentice, Elizabeth Howcroft, Chizu Nomiyama, Michelle Price, Jonathan Oatis Organizations: YORK, Prosecutors, U.S . Securities, Exchange Commission, SEC, Futures Trading Commission, Federal Trade Commission, U.S, Thomson Locations: Manhattan, Israeli, U.S, Hoboken , New Jersey, Washington, New York, Bengaluru, London
I was taking the PATH train home to Hoboken from Christopher Street after a rehearsal when I noticed a bank of cameras aimed at the turnstiles. What a boring job it must be to have to stare at them all night long, I thought. There was no one else waiting on the platform so, on a whim, I decided to do a silly, Shirley Temple-esque tap dance to amuse whoever was monitoring the cameras. As I curtsied, I was startled to hear a series of slow claps coming from somewhere off in the darkness. Looking around, I saw that a young man had stepped out from behind one of the columns at the far end of the platform and was applauding.
Persons: Shirley Temple, gamely, Organizations: Christopher Locations: Hoboken
(On top of that, NYC residents owe a city income tax, which may also apply to some nonresidents.) There is no income tax in New Hampshire or Washington, either, but both states tax investment earnings. But you still must pay taxes by the original deadline to avoid penalties and interest. If you made a net profit of $400 or more from your side hustle, you have to pay taxes on it, according to the IRS. The U.S. has a pay-as-you-go system, so you'll need to pay taxes from your side hustle on a quarterly basis.
Olivia Marcus is over the lack of work-life balance in the US, so she tried working from Spain. Her 9-to-5 on the East Coast is a 3-to-11 gig in Mallorca, giving her all day to explore. While in Mallorca, Marcus continued to work her 9-to-5 job, but on a 3-to-11 schedule. (Mallorca is five hours ahead of the east coast of the United States.) She said working East Coast hours while in Spain was more than doable.
The unraveling of fintech darling Vise
  + stars: | 2023-03-03 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +28 min
It was April, and more than two dozen salespeople who worked for the fintech startup Vise had been ordered to a multiday off-site at the W Hoboken hotel in New Jersey to share exhaustive reports on their performance. Even salespeople at bigger, established, top-tier investment-management firms typically wouldn't close $250 million in a year, multiple sales employees said. (K-means clustering is an unsupervised machine-learning algorithm often referred to as a form of AI, Vise's founders said). (Vise's founders disputed this, saying the company received updated financial data only once a day for its portfolio-construction engine.) And to address its "leaky funnel" of overestimating prospective sales, Vise was to stop outreach to new clients while it onboards and upsells to existing clients, the document said.
Vice Media owes FTI Consulting nearly $1 million in fees, some dating back to 2019, a court filing alleges. FTI is one of several vendors who say they've gone unpaid by the youth media company. The filing alleges that Vice Holding, the parent of Vice Media, hired Washington, DC-based FTI Consulting to help it with accounting projects and management and then failed to pay its bills. Ironically, Vice hired FTI to help it with "profitability analysis" and to design "cash management" tools, according to the filing. Fortress lent Vice $30 million, according to the Wall Street Journal, which confirmed Vice is in a process to sell itself.
SINGAPORE, Jan 31 (Reuters) - The business model that crypto firm Celsius Network had advertised and sold to its customers was not the business it actually operated, a court-ordered examiner report released on Tuesday showed. The report added that Celsius's stablecoin deficit between May 28, 2021 and its bankruptcy filing amounted to a billion-dollar hole in its assets. Hoboken, New Jersey-based Celsius filed for Chapter 11 protection from creditors last July in Manhattan after freezing customer withdrawals from its platform. U.S. Bankruptcy Judge Martin Glenn, who is overseeing the Chapter 11 case, appointed former prosecutor Shoba Pillay as an independent examiner in September. She was tasked with investigating accusations by Celsius customers that the company operated as a Ponzi scheme and also with reporting on its handling of cryptocurrency deposits.
Jan 30 (Reuters) - A court-ordered examiner is expected to release a report on Monday addressing whether bankrupt crypto firm Celsius Network operated as a Ponzi scheme, which could add to the pressure on founder Alex Mashinsky, who is already facing fraud allegations. Hoboken, New Jersey-based Celsius filed for Chapter 11 protection from creditors last July in Manhattan after freezing customer withdrawals from its platform. After appointing Pillay to the job, Glenn expanded her role by asking her to address persistent customer complaints about Mashinsky's conduct. Crypto exchange FTX, which went bankrupt in November, has resisted calls for an examiner in its own Chapter 11 case, citing the cost of overlapping investigations. Pillay and her team have sought to be paid $1.86 million for work performed in October and $1.69 million for November, according to court filings.
ExxonMobil scientists knew about the coming climate crisis in precise detail, a Harvard study found. The analysis is "dynamite" for an array of lawsuits against ExxonMobil, legal experts told Insider. A growing wave of 'unassailable' evidence suggests Exxon lied about what it knewDespite having accurate predictions about global warming, the oil giant denied it would happen. That's exactly the track global warming is on right now. Those "stranded assets" are now a real possibility, due to global climate goals outlined in the Paris Agreement.
‘I became insane,”Edgar Allan Poe wrote in an 1848 letter, “with long intervals of horrible sanity.” Which is not a bad description of director Scott Cooper ’s “The Pale Blue Eye,” adapted from the 2003 novel by Louis Bayard and set amid the macabre, rime-frosted Hudson Valley of 1830s New York—and the then-fledgling U.S. Military Academy at West Point. On the grounds, with a river view, a cadet has been found hanging and presumed to be a suicide. After the dead boy’s heart is cut out and stolen—a telltale sign that something more grisly is afoot—the cause of death is reassessed. Called in to help solve the crime—and, more importantly, derail a scandal—is Augustus Landor ( Christian Bale ), a much-respected former “constable” in New York City whose résumé, recited by the academy’s Superintendent Thayer (Timothy Spall) for no one’s benefit but ours, is illustrious: A retired detective instrumental in bringing down the Daybreak Boys, Shirt Tails and other gangs of New York, Landor developed methods of “bloodless interrogation” and solved the murder of a young woman at Elysian Fields, the now-long-defunct recreational area in Hoboken, N.J., that served as a playground for Manhattanites. The murder would later serve as the inspiration for one of Poe’s C. Auguste Dupin stories, “The Mystery of Marie Rogêt .” But where is Poe?
New York sues Celsius Network founder Mashinsky, alleges fraud
  + stars: | 2023-01-05 | by ( ) www.reuters.com   time to read: +2 min
Companies Celsius Network Limited FollowNEW YORK, Jan 5 (Reuters) - New York's attorney general on Thursday sued Celsius Network founder Alex Mashinsky, claiming he schemed to defraud hundreds of thousands of investors by inducing them to deposit billions of dollars with his now-bankrupt cryptocurrency lending platform. "Alex Mashinsky promised to lead investors to financial freedom but led them down a path of financial ruin," James said in a statement. The civil lawsuit accuses Mashinsky of violating the state's Martin Act, which gives James broad power to pursue securities fraud cases, and other laws. It seeks to ban Mashinsky from doing business in New York, and have him pay damages, restitution and disgorgement. But according to the lawsuit, Celsius struggled to pay the promised yields on investor deposits, prompting its move into riskier investments.
[1/2] The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. "Securities fraud victimizes innocent investors and undermines the integrity of our public markets,” said Assistant Attorney General Kenneth Polite of the Justice Department's Criminal Division. His attorney did not respond immediately to a request for comment. Rybarczyk and Deel did not respond immediately to requests for comment. Reporting by Chris Prentice and Nate Raymond; Editing by Mark Porter and Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.
Amanda DiMarco didn’t expect New York City to pull her back, but it did. Ms. DiMarco, 32, had lived in the area for almost her entire life: She was born and raised in Westchester and spent seven years in Hoboken, N.J., after college. They earned loyalty points at Marriott hotels, where Ms. DiMarco would take Zoom calls in the morning before heading out to hike in national parks. “She had already been nomadic, and she wanted a stable place,” Ms. Beniamino said. Ms. DiMarco began looking at apartments in early 2022.
On game days, Jimmy Garoppolo, the San Francisco 49ers starting quarterback, usually bounds off the team bus in a svelte suit, looking more like a media mogul than a Super Bowl winner. His pinched jacket and tapered trousers could well be from some Italian tailoring institution like Zegna. But their actual origin is often Gentleman’s Playbook, a custom-suit brand run out of a Hoboken, N.J., apartment by Tom Marchitelli, 41, a former hedge-fund accountant. The brand is barely known to the broader fashion world. But through locker-room word-of-mouth and furious social-media outreach, Mr. Marchitelli has become a go-to for professional athletes.
REUTERS/Dado Ruvic/IllustrationSept 27 (Reuters) - Celsius Network said on Tuesday Chief Executive Officer Alex Mashinsky has decided to step down and the bankrupt crypto lender appointed finance chief Chris Ferraro as its interim CEO. Before Celsius, Ferraro spent nearly 18 years at JPMorgan Chase & Co (JPM.N). Celsius also said Ferraro would serve as the company's chief restructuring officer. Last month, Celsius sued a former investment manager, accusing him of losing or stealing tens of millions of dollars in assets before the crypto lender went bankrupt. Rival crypto lender Voyager Digital, which also filed for bankruptcy in July, said on Monday that crypto exchange FTX won a $1.42 billion bid to acquire its assets at an auction.
U.S. doctors should regularly screen all adults under 65 for anxiety, an influential health guidelines group proposed Tuesday. It’s the first time the U.S. Preventive Services Task Force has recommended anxiety screening in primary care for adults without symptoms. “The most important thing to recognize is that a screening test alone is not sufficient to diagnose anxiety,” Pbert said. The group continues to recommend depression screening for adults and children, but said there isn’t enough evidence to evaluate potential benefits and harms of suicide screening in adults who show no worrisome symptoms. In 2020, a group affiliated with the American College of Obstetricians and Gynecologists recommended routine primary care anxiety screening for women and girls starting at age 13.
How to Choose the Best High-Yield Savings Account for You
  + stars: | 2022-06-09 | by ( ) www.wsj.com   time to read: +9 min
By Beth PinskerIf you search for the best available high-yield savings offers, it can be hard to tell whether what you see advertised is being offered by an actual bank. High-yield savings accounts offer a much higher return for customers on savings than the national average, although there’s no fixed scale. What should you look for in a high-yield savings offer? What is FDIC insurance and why is it important for high-yield savings accounts? Which banks can I trust for a high-yield savings account?
How to Choose the Best High-Yield Savings Account
  + stars: | 2022-06-09 | by ( ) www.wsj.com   time to read: +9 min
By Beth PinskerIf you search for the best available high-yield savings offers, it can be hard to tell whether what you see advertised is being offered by an actual bank. High-yield savings accounts offer a much higher return for customers on savings than the national average, although there’s no fixed scale. What should you look for in a high-yield savings offer? What is FDIC insurance and why is it important for high-yield savings accounts? Which banks can I trust for a high-yield savings account?
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