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☆ Trump seeks to delay trial in classified documents case
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +3 min

July 11 (Reuters) - Former President Donald Trump and his aide Walt Nauta have asked a federal court in Florida to postpone their criminal trial in a classified documents case, saying Trump's busy presidential campaign schedule ahead of the 2024 election will make the current trial schedule "untenable." "President Trump is running for President of the United States and is currently the likely Republican Party nominee. In addition to citing his campaign schedule, Trump's lawyers also told the judge that the unprecedented indictment raises "significant" legal questions and challenges that will be posed by the classified nature of the evidence. The documents case will unfold under a strict set of rules prescribed by the Classified Information Procedures Act, which aims to protect classified evidence and manage disclosure of such records at a public jury trial. Nauta, Trump's aide, pleaded not guilty last week in a Miami federal courthouse to charges that he had helped Trump hide top secret documents taken when he left the White House.

Persons: Donald Trump, Walt Nauta, Trump's, Trump, Nauta, Wilkie D, Ferguson Jr, Chris Kise, Todd Blanche, Jane, Read, Aileen Cannon, Jack Smith's, Cannon, Sarah N, Lynch, Bharat Govind Gautam, Clarence Fernandez, Alistair Bell Organizations: Republican Party, Trump, U.S, United, REUTERS, White House, Thomson Locations: Florida, United States, Miami, Miami , Florida, U.S, Washington, Bengaluru

Top 5 Prime Day hard drive and memory card dealsThe best Prime Day SSD dealsWD_BLACK SN770 NVMe Internal Gaming SSD. Deal Seagate Portable 4TB External Hard Drive This portable Seagate hard drive can hold up to 4TB of data, which is enough for thousands of files. Deal Seagate Portable 5TB External Hard Drive This Seagate hard drive lets you store thousands of photos, songs, files, and apps in a portable package. Deal Seagate ST8000NT001 IronWolf Pro 8TB Internal HDD Hard Drive This internal Seagate hard drive is massive and sturdy, perfect for users handling big files. Deal Seagate ST8000DM008 BarraCuda 8TB Internal Hard Drive The BarraCuda is Seagate's flagship internal hard drive brand, and offers massive storage space at fast speeds.

Persons: Price, 4TB, it's, It’s, xD Organizations: Amazon, Lexar, Western Digital, PlayStation, Seagate, Nintendo, Western, Samsung, Price, PRO, Secure Digital Locations: Seagate

During Prime Day, you'll find deals on Nextorage internal NVMe SSDs, at more than 50% off. The best Nextorage SSD dealsDeal icon An icon in the shape of a lightning bolt. Deal Nextorage 2TB Internal SSD for PlayStation 5 Nextorage drives can give your PlayStation 5 a massive performance and storage boost. This SSD offers 2TB of storage, and during Prime Day it's down to $112, the lowest price we've seen. It's nearly $300 off during Prime Day, which brings it to a record low price.

Persons: you'll, Nextorage Organizations: Amazon, Sony, PlayStation Locations: Nextorage, Phison

The best Prime Day deals almost always include top headphones and earbuds from brands like Bose and Sony. The Bose QuietComfort 45 headphones are on sale for their lowest price ever during both days of Prime Day, July 11 and 12. An exceptional $130 Prime Day deal on Bose QuietComfort headphonesWhy Bose QuietComfort headphones are perfect for travelWe love the Bose QuietComfort line of headphones because of their solid noise-canceling abilities, as well as their portability. In fact, pro traveler Rick Steves told us he loves his Bose headphones and never travels without them. If you're looking forward to summer or fall travels and haven't upgraded your headphones in a while, Prime Day is the perfect opportunity to grab this Bose QuietComfort deal.

Persons: Bose, Rick Steves, haven't, We've Organizations: Amazon, Bose, Sony

Google's Pixel 6a is one of the best Android phones on the market thanks to its stellar performance and features at a seriously low price. Now, thanks to one of the best Prime Day deals yet, it's an even better deal at an all-time low price of $249 on Amazon, $100 lower than its regular list price. One of our favorite features about the Pixel 6a is Google's Tensor processor, which lets you do some very cool things, such as using the Magic Eraser function to instantly remove offending images from your favorite pictures. If you're looking for a phone for well under $500, the Pixel 6a is our favorite option. However, if you happen to find more room in your budget, there are also tremendous Prime Day deals on several premium Android phones, including Samsung's Galaxy Z Fold 4 and Galaxy S23 Ultra.

The best Prime Day Seagate hard drive dealsDeal icon An icon in the shape of a lightning bolt. Deal Seagate Portable 5TB External Hard Drive This Seagate hard drive lets you store thousands of photos, songs, files, and apps in a portable package. Deal Seagate Portable 4TB External Hard Drive This portable Seagate hard drive can hold up to 4TB of data, which is enough for thousands of files. Lowest Price Seagate Expansion 16TB External Hard Drive This Seagate hard drive can hold up to 16TB of data, which is more than most actual computers can store. Deal Seagate ST8000NT001 IronWolf Pro 8TB Internal HDD Hard Drive This internal Seagate hard drive is massive and sturdy, perfect for users handling big files.

Persons: They're Organizations: Amazon, Seagate, Prime, PlayStation

Among the best Prime Day deals around, the 512GB model of Samsung's premier flagship phone, the Galaxy S23 Ultra, is now available at a $300 discount for an all-time low price of $1,079.99 at Amazon. One of the best Android phones you can buy, the Galaxy S23 Ultra boasts an unrivaled four-camera system, and this Prime Day discount beats this model's previous lowest listing by $45. Typically, the 512GB version of the S23 Ultra will cost you $1,380, which makes this $300 Prime Day discount an exceptional value. The Galaxy S23 Ultra comes with a built-in S-Pen stylus, which you can use to precisely edited photos on the phone's large 6.8-inch screen, which runs at a smooth 120Hz on an OLED display. Like the Galaxy S23 and Galaxy S23 Plus, the Galaxy S23 Ultra uses the top Android processor currently available, the Snapdragon 8 Gen 2, in a version that is specially optimized to grant Galaxy S23 phones added performance.

Persons: it's Organizations: Galaxy, Samsung

One of today's best Prime Day deals, the 512GB model of Samsung's latest foldable phone, the Galaxy Z Fold 4, is now available at an all-time low price of $1,169.99 at Amazon. The Galaxy Z Fold 4 is one of the best Samsung phones you can buy as the company's latest and greatest foldable, and this Prime Day deal eclipses the previous lowest price for this model by $300. A stellar $750 Prime Day deal on the Samsung Galaxy Z Fold 4The best foldable you can buy from SamsungThe Galaxy Z Fold 4 outclasses the other recent foldable phone from Samsung, the Galaxy Z Flip 4, as the Z Fold 4 offers a more usable exterior display and greater versatility. In addition to the $750 discount on the 512GB model of the Z Fold 4, there's also a $700 deal on the 256GB model of the phone. The Z Fold 4's excellent Prime Day discount makes a more compelling case for it as a phone-and-tablet alternative to the Google Pixel Fold, which is ultimately a superior foldable phone but is still available only from Verizon, AT&T, and Google at a prohibitive starting price of $1,800.

Persons: there's Organizations: Amazon, Samsung, Verizon, Google Locations: 120Hz

In one of the best Prime Day deals, the 13-inch version of the 2020 MacBook Air is available for $749.99 at Amazon — an all-time low price and a $250 discount. We once named the 2020 MacBook Air one of the best laptops you can buy, and it's an unbeatable deal with this significant Prime Day markdown. The battery life on the M1-powered MacBook Air is impressive to this day, offering around 18 hours of total usage — the same battery life offered by the current MacBook Air model that runs on the newer M2 chip. Apple still sells the M1 MacBook Air in a new condition alongside the newer MacBook Air models that run on the more powerful M2 chip, which is a testament to the M1 MacBook Air's sustained power as a notebook, nearly three years after its release. At $250 off the laptop's $1,000 list price, an all-time low price point for this model, Amazon's Prime Day deal on the 13-inch M1 MacBook Air is an exceptional value for an older laptop that will provide years of use.

Organizations: Amazon, Intel, Apple

On Wednesday, Apple debuted the Apple Watch Series 8, which will release on September 16th. At their "Far Out" event on Wednesday, Apple announced three new versions of the wildly popular smartwatch, including the Apple Watch Series 8. The Series 8 is the latest model in the mainline Apple Watch series, and Apple is giving it a lot of fanfare. Lowest Price Apple Watch Series 8 (41mm, GPS) The Apple Watch Series 8 is the all-around best Apple Watch you can get due to its smooth performance, cutting edge health features, and always-on display. The Apple Watch Series 8 will cost $399 for the standard GPS version, and $499 for the GPS + Cellular version.

Persons: Apple, we're, Here's, It'll, you've, there's Organizations: Apple, Service, Apple Watch, Amazon Prime Locations: Wall, Silicon

Some of the best laptop deals include a discounted version of one of the best gaming laptops currently available, the Acer Nitro 5, which you can pick up for just $739 at Amazon. Top 3 Prime Day laptop dealsThe best Prime Day Windows laptop dealsWindows laptops from Dell, HP, and more are on sale. This $106 discount is close to the best price we've seen for this model. $1,499.99 from Best Buy Originally $2,049.99 Save 27%The best Prime Day Apple MacBook dealsThere are stellar deals on several MacBook models. As we note in our best gaming laptops guide, a refresh rate of 165Hz is the industry standard for a high-quality gaming monitor.

Persons: There's, Crystal Cox, It's, Max, you've, Price, William Antonelli Organizations: HP, Aero, Dell, Business, AMD, Amazon, Microsoft, MacBook, Apple's, Apple, Pro, Nvidia

☆ Uber CFO Nelson Chai plans to step down - Bloomberg News
▼ + stars: | 2023-07-10 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

Slideshow ( 2 images )(Reuters) -Uber Technologies Chief Financial Officer Nelson Chai is planning to leave the ride-hailing company, Bloomberg News reported on Monday, citing people familiar with the matter. Chai informed Uber CEO Dara Khosrowshahi of his intentions to move on, though a decision on the timing of his departure hasn’t been made, according to the report. Chai was brought in at Uber as finance chief in 2018 and he shepherded the company through its IPO a year later. Before Uber, Chai had served in senior roles at the New York Stock Exchange, Merrill Lynch and CIT Group. Uber is cutting costs even as it rides an upswing in its business as commuters return after COVID restrictions eased.

Persons: Nelson Chai, Chai, Uber, Dara Khosrowshahi, hasn’t, Uber’s, Merrill Lynch Organizations: Technologies, Bloomberg, Uber, New York Stock Exchange, CIT Locations: Postmates

☆ Hunter Biden prosecutor says Justice Dept didn't interfere in probe
▼ + stars: | 2023-07-10 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +3 min

"I have not requested Special Counsel designation," wrote Weiss, who was appointed by Republican former President Donald Trump. Weiss' office last month revealed that it was charging Hunter Biden with two misdemeanor tax charges, to which the president's son is expected to plead guilty later this month. Hunter Biden also has agreed to enter into a pretrial diversion program to avoid facing a more serious felony count of possessing a firearm while he was using illegal drugs. Their criticism has been fueled in part by claims from Gary Shapley, an IRS criminal supervisory agent who worked on the Hunter Biden investigation. Hunter Biden's attorney has also denied that his client received any special treatment.

Persons: Joe Biden's, Hunter, David Weiss, Lindsey Graham, General Merrick Garland, Hunter Biden, Weiss, Donald Trump, Gary Shapley, Shapley, Trump, Garland, Sarah N, Lynch, Scott Malone, Peter Graff Organizations: U.S, Justice Department, Internal Revenue Service, Delaware U.S, Republican, Attorney, D.C, Thomson Locations: Delaware, Washington, California

CNN —A former Afghan interpreter who immigrated with his family to America in 2021 was shot and killed early Monday in Washington, DC, while on an extra shift as a Lyft driver, and police now are searching for suspects, authorities and a charity said. Four people ran away from the scene shortly after he was shot, video released by police shows. Police are offering a reward of up to $25,000 for information leading to an arrest, the release said. Ahmad Yar brought his family to the US in 2021 after the Afghan government collapsed, the crowdfunding site says. “Our hearts are with Mr. Nasrat’s loved ones as they confront this unspeakable tragedy,” a Lyft spokesperson told CNN in a statement.

Persons: CNN —, Nasrat Ahmad Yar, Ahmad Yar, Nasrat’s, ” Organizations: CNN, US Army Special Forces, Police, ” CNN, Army Special Forces Locations: America, Washington ,, Afghanistan, Alexandria , Virginia

☆ A trailer for the Bob Marley biopic has dropped. Here’s what we know
▼ + stars: | 2023-07-07 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +1 min

CNN —A Bob Marley biopic is making its way to the big screen more than 40 years after his death – and a trailer just dropped. Starring Kingsley Ben-Adir as the reggae legend and Lashana Lynch as his wife Rita Marley, “Bob Marley: One Love” explores Jamaican singer-songwriting legend Marley’s burgeoning success with The Wailers in a music feature film slated for release in January 2024. Marley was just 36 when he died of a rare form of cancer in 1981. Watch the Bob Marley: One Love teaser trailer now - Coming to theatres 2024. On the big screen for the first time, discover Bob’s powerful story of overcoming adversity and the journey behind his revolutionary music.”

Persons: Bob Marley, Kingsley Ben, Adir, Lashana Lynch, Rita Marley, “ Bob Marley, ”, Marley’s, Marley, Adir’s, Malcom X, Regina King’s, Reinaldo Marcus Green, Ziggy, Cedella, Rita, Brad Pitt, Robert Teitel, Jeremy Kleiner, Dede Gardner, “ Organizations: CNN, Filmmakers Locations: Jamaica’s, Kingston, Regina, Miami

☆ How AI reshapes the economy: Wall Street legends David Rosenberg and Rob Arnott told us massive upheaval is coming for the job market — and overzealous investors are fueling a stock bubble
▼ + stars: | 2023-07-06 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

Both David Rosenberg and Rob Arnott see big disruption coming for the labor market. AI stocks are also overextended amid the current mania, they said. Rob Arnott says AI will evolve rapidly and upend the labor market. He added: "The implications of generative AI on the labor market will be one of upheaval and one of escalating job uncertainty." Beware of an AI-stock bubbleFor Arnott, AI will undoubtedly be good for bottom lines.

Persons: David Rosenberg, Rob Arnott, Rosenberg, Arnott, Tim Boyle, aren't, Merrill Lynch, it's, Tesla, that's, Gluskin Sheff Rosenberg Organizations: Labor, Research, Bloomberg, Getty, North, Rosenberg Research Locations: North American, ChatGPT

☆ Man pleads guilty to raping Ohio child who sought abortion in neighboring Indiana
▼ + stars: | 2023-07-05 | by ( Sharon Bernstein | ) www.reuters.com time to read: +2 min

The high court's decision led a judge to reinstate a law in Ohio banning the procedure after about six weeks of pregnancy. The child was six weeks and four days pregnant when her doctor tested her, prosecutors said. The decision to seek an abortion in Indiana set off an uproar in that state, leading Indiana's Republican Attorney General to accuse the doctor who performed the abortion of misconduct. The Supreme Court decision in Dobbs v Jackson Women's Health Organization overturning the right to an abortion was issued two days later. The girl was 9 years old when she was raped twice by Fuentes and 10 when she sought care in Indiana, prosecutors said.

Persons: impregnating, Gerson Fuentes, Roe, Wade, Fuentes, Judge Julie Lynch, Lynch, rebuking Fuentes, Dan Lenert, Sharon Bernstein, Steve Gorman, Bill Berkrot Organizations: Republican, Jackson Women's Health, Thomson Locations: Ohio, Indiana, Franklin , County , Ohio, United States, Dobbs

☆ Focus: UBS goes on hiring spree for wealth managers catering to rich Americans
▼ + stars: | 2023-07-03 | by ( Tatiana Bautzer | ) www.reuters.com time to read: +4 min

Of those, 30 came after the Credit Suisse deal was announced in March. With the Credit Suisse deal, UBS became the world's second-largest wealth manager. “The U.S. is the largest wealth market globally, and in recent years there has been unprecedented growth," Iqbal Khan, UBS' president of global wealth management, told Reuters. Reuters GraphicsUBS' ranks of financial advisers in the U.S. have swelled by more than 25% in the last three years. “Over the next 20 years, we'll see the greatest transfer of wealth in history," said Khan, who joined UBS from Credit Suisse in 2019.

Persons: Bank of America's Merrill Lynch, Iqbal Khan, ”, Khan, Wells, John Mathews, We’ve, Johann Scholtz, we'll, Tatiana Bautzer, Paritosh Bansal, Lananh Nguyen Organizations: YORK, UBS, Credit Suisse, Bank of America's, JPMorgan Chase's, First Republic Bank, Citigroup, BG Group, Merrill, Reuters, Reuters Graphics UBS, Wealth, Thomson Locations: Wells Fargo, Europe, Asia, U.S, California, Americas, New York

☆ Yes, concert tickets really are getting more expensive – and Taylor Swift might be to blame
▼ + stars: | 2023-07-02 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Tickets for Taylor Swift shows have more than doubled since 2018, per a Bloomberg analysis. The pop superstar is making more than $13 million from each date on her "Eras" tour, per Pollstar. Taylor Swift's Eras tour is on track to set a new record – but it's also a reminder of just how expensive it can be to see a concert by the world's biggest acts. Data from Pollstar, a music industry trade publication, shows Swift has already generated more than $300 million from the first 22 dates of her highly anticipated Eras tour. Jason Kempin/Getty ImagesStill, the average cost doesn't reflect the huge prices being charged on the resale market.

Persons: Taylor Swift, Taylor, it's, Swift, It's, Elton John's, Jason Kempin, Paige, Scott, Merrill Lynch, Boaz Weinstein Organizations: Bloomberg, Wall Street, Billboard, she's Locations: London, That's

☆ The AI-powered rally to start the year could broaden out in the third quarter
▼ + stars: | 2023-06-30 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

Stocks markets are wrapping up a surprisingly strong start to the year, but whether it will continue is an open question as investors wade into a seasonally weak period for markets. Even the laggard Dow Jones Industrial Average, with few tech stocks, managed to eke out a 3.6% gain. Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla account for 80% of the gains in the S & P 500, according to UBS. The S & P 500 health sector is down almost 3% this year. Next week marks the start of July and the third quarter of 2023.

Persons: didn't, Jamie Cox, Cox, John Lynch, Harris Financial's Cox, that's, Comerica's Lynch, Kim Forrest, Nonfarm payrolls Organizations: Spring, Federal Reserve, Dow Jones, Harris Financial, Apple, Meta, Microsoft, Nvidia, UBS, Comerica Wealth Management, Nasdaq, Investors, Bokeh Capital Partners, Independence, P Global, PMI, Tuesday U.S

☆ Wall St Week Ahead After first-half rally, stocks' July winning streak on the line
▼ + stars: | 2023-06-30 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The S&P 500 defied recession fears and a U.S. banking crisis to notch a 15.9% gain in the first half. The S&P 500 (.SPX) has posted a positive return in eight consecutive Julys, and the tech-heavy Nasdaq 100 index (.NDX) has climbed in July for 15 straight years. S&P 500 companies are expected to post an overall drop in earnings of 5.7% from the year-earlier period, according to Refinitiv IBES. The S&P 500 is trading at 19.1 times forward earnings estimates, well above its historic average P/E of 15.6 times, according to Refinitiv Datastream. "At some point, this move in interest rates has got to have some consequences for the markets," Matt Maley, chief market strategist at Miller Tabak, said in a note on Friday.

Persons: Brendan McDermid, ”, Mona Mahajan, Edward Jones, Omar Aguilar, Refinitiv IBES, “, John Lynch, Refinitiv, Matt Maley, Miller Tabak, Lewis Krauskopf, Ira Iosebashvili, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Federal, Nasdaq, ” Reuters, American Association of, Fed, Schwab Asset Management, Apple, Microsoft, Nvidia, Comerica Wealth Management, Treasury, Deutsche Bank, UBS Global Wealth Management, UBS, Thomson Locations: New York City, U.S

Morgan Stanley co-presidents Ted Pick and Andy Saperstein are widely viewed as the front-runners for the top job, with Pick seen as having a slight edge, the person said. A Morgan Stanley spokesperson declined to comment, as did Gorman, Pick, Saperstein and Simkowitz when contacted directly. SUCCESSION PLANNINGSince taking the helm, Australian-born Gorman, 64, has transformed Morgan Stanley through a series of major deals into a wealth management powerhouse that aims to manage $10 trillion in assets. Pick, 54, heads Morgan Stanley's institutional securities group, overseeing areas including investment banking, equities and fixed income. Saperstein, 56, is in charge of the wealth management unit that has bolstered Morgan Stanley's profits in recent years.

Persons: Morgan Stanley's, James Gorman's, Gorman, Morgan Stanley, Ted Pick, Andy Saperstein, Pick, Dan Simkowitz, Morgan, Merrill Lynch, You've, you've, Peter Orszag, Kenneth Jacobs, JPMorgan Chase, Jamie Dimon, Brian Moynihan, Lananh Nguyen, Paritosh Bansal, Megan Davies, Jamie Freed Organizations: YORK, U.S . Securities, Exchange Commission, U.S, Attorney's, Southern, of, McKinsey, White House, JPMorgan, Bank of America, Thomson Locations: London, New York, of New York, Australian

☆ US House Republicans seek testimony from Hunter Biden investigators
▼ + stars: | 2023-06-29 | by ( David Morgan | ) www.reuters.com time to read: +2 min

WASHINGTON, June 29 (Reuters) - U.S. House Republicans sought testimony on Thursday from more than a dozen officials from the Justice Department, FBI and other government agencies involved in the federal tax investigation of President Joe Biden's son, Hunter. House Republicans have long made investigations of the president, his family and his administration a top priority. Republican House Speaker Kevin McCarthy warned earlier this week that Garland could face impeachment over the whistleblower allegations. Thursday's testimony requests came from House Judiciary Committee Chairman Jim Jordan, House Oversight Committee Chairman James Comer and House Ways and Means Committee Chairman Jason Smith. "The committees seek to examine whistleblower claims that the ... investigation of Hunter Biden was purposely slow-walked and subjected to improper and politically motivated interference," they said in a letter to Garland.

Persons: Joe Biden's, Hunter, General Merrick Garland, Donald Trump, Trump, Kevin McCarthy, Garland, Jim Jordan, James Comer, Jason Smith, Hunter Biden, David Morgan, Sarah N, Lynch, Scott Malone, Alexandra Hudson Organizations: . House Republicans, Justice Department, FBI, Representatives, Internal Revenue Service, DOJ, Republican, Republicans, Justice, Alexandra Hudson Our, Thomson

☆ Wall Street titans including David Rosenberg and Rob Arnott sound off on AI: What they told us about the disruptive technology — from how it will lead to 'permanent displacement' of jobs, to why it's
▼ + stars: | 2023-06-28 | by ( William Edwards | ) www.businessinsider.com time to read: +11 min

AI's impact on the job marketRob Arnott"Every important disruption since the start of the industrial revolution has cost millions of people jobs. Millions of jobs will be lost to those who know how to use AI. "The implications of generative AI on the labor market will be one of upheaval and one of escalating job uncertainty. Are AI stocks in a bubble? Rosenberg"Advancements in AI technology, and its knock-on effects on profitability and productivity, is a legitimate investment thesis.

Persons: David Rosenberg, Rob Arnott, Savita Subramanian, Cam Harvey, Jawad Mian, Jobs, Merrill Lynch, aren't, Rosenberg, Harvey, Arnott, Brad Cornell, Aswath, There's, that's, Savita, –, capex, Mian Organizations: Industries, Investors, Research, Rosenberg Research, North, Bank of America Securities, Duke University, Microsoft, Nvidia, Google, Tech, Software, Services, Professional Services, IT Services Locations: North American, ChatGPT, Asia, Taiwan

☆ US announces charges in $2.5 billion healthcare fraud takedown
▼ + stars: | 2023-06-28 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +3 min

Of the $2.5 billion in alleged fraudulent claims to Medicare, state Medicaid programs that serve the poor and supplemental Medicare insurance programs offered by private insurers, about $1.1 billion was actually paid out to the fraudsters, officials said. The charges, filed or unsealed from June 12 through to Wednesday, involved a series of cases comprising similar types of schemes. The claims get submitted to federal or state insurance programs for reimbursement. The types of medical services at the heart of such schemes usually involve those that pay the highest reimbursement rates. Past examples of such services targeted by fraudsters have included durable medical equipment, genetic testing and other lab diagnostic services.

Persons: Merrick Garland, telemarketers, fraudsters, Sarah N, Lynch, Will Dunham Organizations: U.S . Justice Department, Wednesday, Medicare, Department, Thomson Locations: New Jersey, Wisconsin

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