DIRS.INFO The most relevant business & tech news

☆ Gen Z, millennials are less worried about fraud than older generations. But they have a unique risk
▼ + stars: | 2024-01-24 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

Younger adults are less worried about financial fraud than are older generations, a recent study found. Only 15% of Gen Z and 20% of millennials are concerned about falling victim to stolen money or assets through deceptive tactics, according to a Bank of America Better Money Habits survey of 1,000 respondents. By comparison, about 27% of Gen X and 27% of baby boomers feel at risk of fraud. But that doesn't mean younger generations can't experience severe consequences, said Matt Schulz, chief credit analyst at LendingTree. Financial fraud is a really big deal and can be really impactful," Schulz said.

Persons: X, Jennifer Ehresman, millennials, Ehresman, Matt Schulz, Schulz Organizations: Bank of America, Finance, Gen

☆ Judge Engoron comes thisclose to accusing Trump of perjury in a written order
▼ + stars: | 2023-10-26 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

Trump's testimony in a gag order hearing at his NY fraud trial "rings hollow and untrue," the judge writes. In the order, Engoron says Trump gave testimony that "rings hollow and untrue" after being suddenly called to the witness stand on Wednesday. NY Courts/Insider"On October 3, on the record, I imposed on all parties to this action a very limited gag order," Engoron begins the order. This resulted in "a $5,000 nominal sanction against Donald Trump for the first-time violation of the gag order." Former attorney for former U.S. President Donald Trump, Michael Cohen, arrives to be deposed by Trump lawyers in New York, U.S. April 28, 2023.

Persons: Trump, —, Donald Trump's, It's what's, Arthur Engoron, Engoron, Letitia James, — Trump, Wednesday's, Arthur Engron's, Donald Trump, Allison Greenfield, Arthur Engoron's, Michael Cohen, who'd, Michael Cohen –, Eduardo Munoz Organizations: Service, New York, Trump, NY, Oxford, REUTERS, New York Lawyers, Fund, Client Protection Locations: York, trier, New York, U.S

☆ Trump dodges jail in New York gag order violation, but gets hit with a $5,000 fine for 'inadvertent' posting
▼ + stars: | 2023-10-20 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

The judge in Donald Trump's New York civil fraud trial had threatened 'possible imprisonment' over Trump's violation of a gag order. The offending Trump post attacked the judge's law clerk and had remained on his campaign website after Trump removed it from social media. AdvertisementAdvertisementDonald Trump won't go to jail for violating a New York gag order, the judge in his civil fraud trial ruled Friday. The fine is Trump's penalty for violating an October 3 gag order banning him from attacks on the judge's legal staff online or in spoken statements. But the judge asked Trump's attorneys "why this blatant violation of the gag order should not result in serious financial penalties holding the defendant in contempt and possible imprisonment."

Persons: Donald Trump's, Trump, —, Donald Trump, Arthur Engoron dangled, Engoron, Allison Greenfield, York Sen, Chuck Schumer, Christopher Kise Organizations: Service, New, New York Lawyers, Fund, Client, Trump Locations: York

☆ Wells Fargo overcharged nearly 11,000 investment accounts with advisory fees, SEC alleges
▼ + stars: | 2023-08-25 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —For years, Wells Fargo overcharged almost 11,000 investment advisory accounts about $27 million in fees, federal regulators alleged on Friday. Wells Fargo agreed to pay a $35 million civil penalty to settle the matter, without admitting or denying the SEC charges. The agency said Wells Fargo also paid account holders about $40 million — including interest — to reimburse customers who’d been overcharged. The SEC also said Wells Fargo overcharged some clients who opened accounts prior to 2014 through the end of 2022. Wells Fargo spokesperson Caroline Szyperski said Wells Fargo Advisors conducted a “thorough review” of accounts and has fully reimbursed affected customers.

Persons: Wells, Wells Fargo, “, ” Gurbir Grewal, Edwards, Caroline Szyperski, “ We’re Organizations: New, New York CNN, Securities, Exchange Commission, SEC, Wells Fargo Advisors, Wachovia, Advisors Locations: New York, Wells Fargo overcharged, Wells, Wells Fargo

A Manhattan grand jury did not meet as had been expected on Wednesday, a law enforcement source said, although it was unclear why that was or how much longer the grand jury would take to conclude its work. The Insider news outlet first reported the news that the grand jury would not convene on Wednesday. A spokesperson for Manhattan District Attorney Alvin Bragg's office declined to comment on the grand jury. Security officials are bracing for possible unrest, but so far few of Trump's supporters have heeded his call for protests. Several media outlets reported that his lawyer, Evan Corcoran, would testify on Friday before a federal grand jury in Washington investigating whether Trump mishandled sensitive federal documents.

Search resuls for: "Client Protection"

5 mentions found