DIRS.INFO The most relevant business & tech news

☆ Retail crime 'queenpin' faces five years in prison, millions in restitution
▼ + stars: | 2024-07-19 | by ( Scott Zamost | ) www.cnbc.com time to read: +1 min

The ringleader of a nationwide organized retail crime operation that targeted Ulta Beauty and other major retailers is facing more than five years in a California state prison. Michelle Mack, of Bonsall, California, received a delayed sentence of five years and four months, which be officially set in January. It was handed down by a San Diego County Superior Court judge on Thursday,Her husband, Kenneth, received the same sentence and is already incarcerated. The judge allowed Mack to serve her sentence after her husband is released so she can care for their children. The couple also must pay $3 million in restitution to Ulta and Sephora, according to the sentencing document.

Persons: Michelle Mack, Kenneth, Mack Locations: California, Bonsall , California, San Diego

☆ Joe Bonsall, a 50-year member of The Oak Ridge Boys, dead at 76
▼ + stars: | 2024-07-09 | by ( Lisa Respers France | ) edition.cnn.com time to read: +3 min

CNN —Joe Bonsall, who left the legendary singing group The Oak Ridge Boys after 50 years in January due to a neuromuscular disorder, has died, his management team announced Tuesday. Bonsall died from complications of Amyotrophic Lateral Sclerosis (ALS), according to his representatives. Bonsall announced on social media about six months ago that he was leaving the group. “Many of you know I have been battling a slow onset (over 4 years now) of a neuromuscular disorder,” he wrote. During his long career, Bonsall became a member of the Grand Ole Opry and was inducted into the Philadelphia Music Hall of Fame, the Gospel Music Hall of Fame, the Vocal Group Hall of Fame, and the Country Music Hall of Fame.

Persons: Joe Bonsall, Bonsall, ”, “, ” Bonsall, ” “, Ben James, Duane Allen, William Lee Golden, Richard Sterban, Rick Diamond, “ Elvira ”, “ Joe, Jesus, Mary Ann, Jennifer, Sabrina, Breanne, Luke, Chance, Nancy Organizations: CNN, Boys, Grand Ole Opry, Philadelphia Music Hall of Fame, Gospel Music Hall of Fame, Vocal Group Hall of Fame, Country Music Hall of Fame, Philadelphia Phillies, ALS Association, Vanderbilt Medical Center, Neuroscience Research Locations: Tennessee

CNBC embedded with teams from HSI and California Highway Patrol to witness four organized retail crime operations for this investigation. CNBCAt the bottom of organized retail crime rings are boosters — the people who go into stores and take the items. A bin filled with sparkly silver boots that police suspect an alleged San Jose, California, crime ring stole from T.J. Maxx. In a statement, a TJX spokesperson said the company is "thankful" for CHP's efforts and is taking organized retail crime "very seriously." Court records filed in connection with the case provide a rare glimpse into the inner workings of an alleged organized retail crime ring.

Persons: Michelle Mack, Mack, Michelle Mack's, Louis Vuitton, Adam Parks, they've, Parks, HSI, It's, Joaquin, El, Guzman, Scott Robles, Robles, moisturizer, Allegra, Maxx, Gabrielle Fonrouge, Manny Nevarez, TJX, Michael Ball, Diego, Donna Washburn, Washburn, Mack —, we'll, Charlotte, Estee Lauder, masterminding, Rob Bonta, Kenneth Mack, Bonta, Kimora Lee Gooding texted Michelle Mack, Jan, Gooding, Andrew Barclay, Scott, let's, Kenneth Mack texted Michelle Mack, Michelle Mack texted Alina Franco, Sephora, Prada, Ulta's, Dave Kimbell, Kimbell Organizations: Police, CNBC, Patrol, Homeland Security Investigations, Department of Homeland, New, U.S . Custom House, Operation French, Walgreens, New Orleans Public, Federal, Gillette, CHP, TJX Companies, Bay Area, CNBC Police, Flea, Santa, Attorney, Capitol Flea, L'Oreal, Macy's, Body Locations: San Diego, Bonsall , California, California, Washington , Utah , Oregon, Colorado , Arizona , Illinois , Texas, Florida , Pennsylvania, Massachusetts, Ohio, U.S, Baton Rouge , Louisiana, HSI, New Orleans, Orleans, San Jose, Jose , California, Maxx, Bay, Bay Area, San Jose , California, Santa Clara, Washburn, St, Augustine , Florida, Charlotte Tilbury, Prada, LensCrafters

☆ Credit ratings agencies like Moody's decide the US credit rating. Here's what you need to know
▼ + stars: | 2023-05-27 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

CNN —Credit rating agencies are once again in the spotlight amid the ongoing high-stakes debt ceiling negotiations in Washington. What is the purpose of credit rating agencies? Put simply, credit rating agencies provide their opinions and issue a score evaluating the likelihood that a borrower will repay its debt. Rating agencies first rose to prominence over a century ago, but today, the three major agencies dominate the market. Bonsall has studied the effectiveness of credit rating agencies and their possible conflicts of interest.

☆ VC firm Counteract just reached first close on its $42 million carbon removal fund. We got an exclusive look at the 11-slide LP deck it used to secure cash from The Grantham Foundation.
▼ + stars: | 2023-02-17 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

VC firm Counteract has reached first close on its inaugural £35 million fund. It plans to back 40 global companies across all elements of carbon removal. London-based firm Counteract, founded in 2021, has just reached first close on its inaugural £35 million, about $41.9 million, fund. Direct air capture is one of the best-known carbon removal technologies thanks to Swiss company Climeworks. Isaacs stressed the importance of exploring all potential technologies as carbon removal evolves alongside policy, making it inherently risky.

Search resuls for: "Bonsall"

5 mentions found