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☆ Repeated red flags raised by experts about the Titan's safety are likely to feature in investigations into the tragedy
▼ + stars: | 2023-06-25 | by ( Ryan Hogg | Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Submersible experts raised red flags about the Titan's safety long before it imploded. Investigations into the implosion of OceanGate's Titan submersible are likely to examine repeated warnings about the craft's safety and design. Submersible experts raised red flags about the Titan's safety long before it imploded but OceanGate continued its expeditions. "Bringing an outside entity up to speed on every innovation before it is put into real-world testing is anathema to rapid innovation," OceanGate stated. Rush responded and said he was "tired of industry players who try to use a safety argument to stop innovation".

Persons: it's, John Mauger, OceanGate, David Lochridge, Lochridge, Rush, Rob McCallum Organizations: Morning, New York Times, Staff, Transportation, Board of Canada, Royal Canadian Mounted Police, US Coast Guard, Stockton Rush, BBC News Locations: Newfoundland

☆ A friend said he warned Stockton Rush about possible defects on the Titan in 2019 after hearing 'cracking' noises
▼ + stars: | 2023-06-24 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

A friend of Stockton Rush told NewsNation he heard "cracking" sounds after a Titan trip in 2019. Karl Stanley emailed Rush to say that the noises "sounded like a flaw/defect," CNN reported. Rush told him to be prepared for the sounds, caused by the sub's carbon fiber, before his dive. A submersible expert and friend of OceanGate's founder Stockton Rush said he tried to warn him that Titan was flawed years ago. Karl Stanley told NewsNation he heard "cracking" sounds when he went on the Titan sub in April 2019.

Persons: NewsNation, Karl Stanley, Rush, Stockton Rush, Stanley, David Lochridge, Lochridge, OceanGate Organizations: Stockton Rush, CNN, Stockton, OceanGate Locations: Bahamas

☆ Rolex certified pre-owned watches cost 25% more on average than those from traditional resellers
▼ + stars: | 2023-06-23 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Rolex last month expanded its certified pre-owned watch program from Europe to the US. Every model except the Daytona is at least 17% more expensive on average when certified by the Crown. Used watches that have the official stamp from Rolex currently command a 25% higher price on average across the portfolio, according to data from WatchCharts, a price-tracking platform for luxury watches. The CPO markup does not apply uniformly across all models, however: more popular watches appear to have a lower relative increase than less popular ones. With extremely constrained supplies of new watches and yearslong waitlists for certain models, the CPO program is essentially the only way to buy a Rolex on-demand from an authorized dealer.

Persons: — Organizations: Rolex, Crown, Service, CPO Locations: Europe, WatchCharts

☆ Chinese authorities focus on fire hazards following restaurant blast
▼ + stars: | 2023-06-23 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +1 min

SHANGHAI, June 23 (Reuters) - China's State Council Security Committee and municipal and provincial governments have held emergency video conferences and issued warnings about fire hazards and safety in the wake of a blast in China's northwest that killed 31 on Wednesday. Wednesday's explosion at a BBQ restaurant prompted President Xi Jinping to order a safety overhaul across China, calling on all regions to rectify safety risks. Following a hastily convened video conference on Thursday, Beijing mayor Yin Yong stressed that close attention should be paid to investigating and rectifying fire hazards. Beijing's municipal government, as well as the provincial governments of Sichuan, Guizhou and Hainan have all called attention to fire dangers and the safe handling of liquefied gas. Sichuan's Governor Huang Qiang said his province would immediately carry out an investigation and treatment of gas safety hazards.

Persons: Xi Jinping, Yin Yong, Huang Qiang, Casey Hall, Shri Navaratnam Organizations: Security, China's Ministry of Culture, Tourism, Thomson Locations: SHANGHAI, China, Beijing, Sichuan, Guizhou, Hainan

The company also boasted of collaborations with reputable institutions that have since denied partnering with OceanGate on the submersible in question. The interior of OceanGate's Titan submersible is seen in 2018. It “hasn’t been used in a crewed submersible ever before,” he said in a video last year. OceanGate appears to have also overstated its relationships with two institutions widely respected for their innovation: Boeing and University of Washington. OceanGate had partnered with UW to create a different submersible before parting ways, the university said in a statement.

Persons: Stockton Rush, “, ” Rush, Rush, OceanGate, ” Rachel Lance, ” OceanGate, ’, Paul Henri, Nargeolet, David Pogue, ”, Pogue, Stockton, ” Stockton, don’t, Don’t, David Lochridge, Lochridge, OceanGate’s, Victor Balta, Balta, Guillermo Sohnlein, wasn’t, Anderson Cooper, Will Kohnen, ” Kohnen, Sal Mercogliano, ” Mike Reiss, ” Reiss, ” It’s, John Mauger, “ You’ve, CNN’s Gabe Cohen, Brad Lendon, Greg Wallace, Veronica Miracle, Allison Morrow, Rob Frehse, Paul Murphy, Celina Tebor Organizations: CNN, Stockton, US Coast Guard, Duke University, KOMO, OceanGate Expeditions, CBS, Getty, Boeing, University of Washington, OceanGate Inc, University of Washington’s, Physics Laboratory, UW, UW School of Oceanography, Titan, Marine Technology, Campbell University, Coast Guard Locations: Stockton, North Carolina, AFP

☆ Lab-grown meat is coming. Here’s everything you need to know
▼ + stars: | 2023-06-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +9 min

New York CNN —Soon, Americans are going to able to try chicken that comes directly from chicken cells rather than, well, a chicken. On Wednesday, the USDA gave Upside Foods and Good Meat the green light to start producing and selling their lab-grown, or cultivated, chicken products in the United States. In a nutshell, lab-grown meat — or cultivated or cell-based meat — is meat that is developed from animal cells and grown, with the help of nutrients like amino acids, in massive bioreactors. Meat eaters who are concerned about those types of risks might prefer cultivated meat. Eat Just Inc's Good Meat cultivated chicken.

Persons: New York CNN —, It’s, don’t, Andrew Noyes, Noyes, ”, Bruce Friedrich, Friedrich, Julia Horowitz, ” Noyes, José Andrés, Ivy Farm, That’s, Noyes didn’t, Matthew Walker, Walker, won’t, “, — CNN’s Kristen Rogers Organizations: New, New York CNN, USDA, Inc, Good Food Institute, Impossible Foods, CNN, Ivy Farm Technologies, Service, FDA, British, Ivy, Companies, Foods Locations: New York, United States, Agriculture, British, Italian, Singapore, Washington, San Francisco

☆ South Korean woman accused of killing two newborns, keeping them in freezer for years
▼ + stars: | 2023-06-22 | by ( Gawon Bae | ) edition.cnn.com time to read: +1 min

Seoul, South Korea CNN —Police in South Korea say they have requested an arrest warrant for a woman accused of killing two of her newborns and keeping their bodies in her freezer for years. The newborns were only a day old when they died, the official added. Police allege she strangled the girl the day after giving birth, and put the body in the freezer of her home. She is accused of doing the same to her fifth child, a boy born in November 2019. The woman is due to attend an arrest warrant hearing on Friday.

Organizations: South Korea CNN — Police, Gyeonggi Nambu Provincial Police, CNN, Police, government’s, Audit, Suwon City Hal Locations: Seoul, South Korea

☆ 5 key vessels playing a big role in Titan submersible search efforts
▼ + stars: | 2023-06-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +2 min

• Motor Vessel Horizon Arctic: The Canadian 307-foot anchor handling vessel has a hangar for remotely operated vehicles (ROVs) with a launch and recovery system. The remotely operated vehicle, or ROV, Victor 6000. (The Titanic wreck is at almost 13,000 feet.) One other key piece of equipment in any rescue could be the US Navy’s Flyaway Deep Ocean Salvage System (FADOSS). A US official said Wednesday the Navy was trying to find and contract a ship that could carry the FADOSS.

Persons: •, John Cabot, Sean Leet, Stephane Lesbats, Victor, Shannon Stapleton Organizations: CNN — Marine, Atlantic, US, Coast Guard, Canadian Coast Guard, Horizon Maritime Services, Victor, French Oceanographic, Canadian Navy, Fleet, Reuters, Salvage, Wednesday, Navy Locations: Canadian, Glace Bay, Glace, New York, Magellan, Guernsey, British

☆ Norfolk Southern engineer's safety warning was unheeded before Ohio derailment, NTSB says
▼ + stars: | 2023-06-22 | by ( Yuheng Zhan | ) www.cnbc.com time to read: +3 min

Norfolk Southern supervisors didn't address an engineer's safety concerns before a train loaded with toxic chemicals derailed in East Palestine, Ohio in February, according to preliminary findings released Thursday from a National Transportation Safety Board investigation. On Feb. 3, a Norfolk Southern freight train carrying hazardous chemicals derailed, releasing toxic chemicals into the environment near Ohio's border with Pennsylvania. Norfolk Southern CEO Alan Shaw has pledged support for residents of East Palestine, Ohio, although critics have said he hasn't gone far enough. Norfolk Southern took further exception with the union's allegation, saying that the current average car inspection time is approximately two minutes. "It is not accurate to say NS has 'reduced' the standard amount of time for a car inspection since the implementation of PSR.

Persons: didn't, we've, Connor Spielmaker, Alan Shaw, hasn't, Spielmaker Organizations: Norfolk, National Transportation Safety Board, Decatur, Federal Railroad Administration, Norfolk Southern, CNBC, NTSB, Transportation Communications Union, TCU Locations: Norfolk Southern, East Palestine , Ohio, Decatur , Illinois, Southern, East Palestine, Norfolk, Ohio's, Pennsylvania

CNN —Special counsel Jack Smith has begun producing evidence in the Mar-a-Lago documents case to Donald Trump, according to a Wednesday court filing that hints that investigators collected for the case multiple recordings of the former president – not just audio of an interview Trump gave at Bedminster for a forthcoming Mark Meadows memoir. Prosecutors in the filing used the plural “interviews” to describe recordings of Trump – made with his consent – obtained by the special counsel that have now been turned over to his defense team. The prosecutors’ update to the court on Wednesday night marks another swift move toward trial, which the Justice Department has said should happen quickly, and captures at least some of the extent of the evidence investigators secured to build their historic case against Trump. The first batch of evidence, provided on Wednesday, “includes the grand jury testimony of witnesses who will testify for the government at the trial of this case,” the special counsel’s office wrote. “Defense counsel can contact the government to arrange for inspection of unclassified items seized at Mar-a-Lago on August 8, 2022,” the filing said.

Persons: Jack Smith, Donald Trump, –, Trump, Mark Meadows, ”, Trump –, Walt Nauta, Smith Organizations: CNN, Bedminster, Prosecutors, Justice Department, Trump, “ Locations: Bedminster, Washington ,, Florida, “, Mar, Lago

☆ Lab-grown meat is cleared for sale in the United States
▼ + stars: | 2023-06-21 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Cultivated meat, also known as lab-grown meat, has been cleared for sale in the United States. Good Meat, which is owned by plant-based egg substitute maker Eat Just, said that production is starting immediately. Good Meat, which has been selling its products in Singapore, advertises its product as “meat without slaughter,” a more humane approach to eating meat. Wednesday’s move follows a series of previous approvals which have paved the way for sales of cultivated meat in the US. That letter states that the administration is satisfied that the product is safe to sell in the United States.

Persons: ”, José Andrés, we’re, Josh Tetrick, Wednesday’s, —, Katie Hunt Organizations: New, New York CNN, US Department of Agriculture, Inspection, Food and Drug Administration, FDA Locations: New York, United States, Singapore, Washington

☆ Safety concerns about missing Titan vessel voiced by former OceanGate employees years ago
▼ + stars: | 2023-06-21 | by ( Celina Tebor | ) edition.cnn.com time to read: +7 min

Lochridge worked as an independent contractor for OceanGate in 2015, then as an employee between 2016 and 2018, according to court filings. Court filings from the company indicate there was additional testing after Lochridge’s time at OceanGate, and it’s unclear whether any of his concerns were addressed as the vessel was developed. He said more concerns were raised by contractors and employees during his time at OceanGate, and Rush became defensive and shied away from answering questions during all-staff meetings. In 2022, the legal representative updated the Virginia court on OceanGate’s expeditions in another court filing. “OceanGate decided to cancel the second mission for repairs and operational enhancements” after the vessel “sustained modest damage to its external components,” it reads.

Persons: David Lochridge, Lochridge, Stockton Rush –, “, Rush, OceanGate, of Virginia –, ” Kevin Williams, “ OceanGate, “ Classing Organizations: CNN, US Coast Guard, OceanGate, Stockton Rush, Titan, Coast Guard, U.S, Eastern, of, University of Washington’s, Physics Laboratory, University of Washington, American Bureau of Shipping, Lloyd’s Locations: Cape Cod , Massachusetts, OceanGate, of Virginia, Virginia

☆ Exclusive: Engineering consultant NV5 Global explores sale -sources
▼ + stars: | 2023-06-20 | by ( David Carnevali | ) www.reuters.com time to read: +2 min

June 20 (Reuters) - NV5 Global Inc (NVEE.O), a U.S. engineering consultant whose business has taken a hit from its exposure to commercial real estate, is exploring a sale, according to people familiar with the matter. NV5 could decide not to go through with a transaction, the sources added, requesting anonymity because the matter is confidential. This exposure to commercial real estate has weighed on NV5's business and stock price. The company's municipal services business has been negatively affected too, he added. NV5 shares have lost about a fifth of their value since the start of the year, underperforming a 31% rise in the NASDAQ Composite Index.

Persons: NV5, Clark, Dickerson Wright, Wright, David Carnevali, Nick Zieminski Organizations: NV5, Inc, Bock, Global Realty Services, NASDAQ, Thomson Locations: U.S, Hollywood , Florida, NV5, New York

The new rule highlights how governments are reassessing their reliance on India's $42 billion pharmaceutical industry since the contamination came to light last year. India's industry supplies nearly half of the pharmaceuticals used in Africa. In April, India’s government said its officials had held meetings in Africa to ensure its drug exports did not suffer after at least 70 children died in Gambia after ingesting the cough syrup last year. "Quntrol shall conduct document verification, physical inspection of the consignment and sampling, for laboratory testing for each shipment," the letter said. Since June 1, India has made tests mandatory for all cough syrups before they are exported.

Persons: India’s, Janneh Kaira, Rajeev Singh Raghuvanshi, Raghuvanshi, Krishna N, Aurora Ellis Organizations: Reuters, Medicines Control Agency, MCA, Quntrol Laboratories, Bank, World Health Organization, Thomson Locations: DELHI, Gambia, India, Africa, Mumbai

☆ French police raid Paris 2024 organizing committee office, spokesman says
▼ + stars: | 2023-06-20 | by ( Joseph Ataman | ) edition.cnn.com time to read: +2 min

Paris CNN —French police raided the offices of the Paris 2024 organizing committee in France’s capital Tuesday morning, a committee spokesperson confirmed to CNN. Paris 2024 spokersperson Jonathan Firpo told CNN that a “police search is currently underway at the headquarters of the Organising Committee.”“Paris 2024 is cooperating fully with the investigators to facilitate their investigations,” Firpo said. According to an internal email sent to committee employees seen by CNN affiliate BFMTV, French financial police are leading the search. “Several” sites were raided by police, including the Paris 2024 offices and the headquarters of SOLIDEO, the public body responsible for much of the construction and infrastructure around the Paris 2024 games, the financial prosecutor’s office said. This followed an inspection by the French anti-corruption agency, the financial prosecutor’s office said.

Persons: spokersperson Jonathan Firpo, ”, ” Firpo Organizations: Paris CNN —, CNN, Paris, BFMTV, French, Financial Prosecutor’s, Paralympic Games Locations: Paris, France’s, SOLIDEO, French

The surge in deaths this months follows a warning from the country’s meteorological department about potential heat-related casualties. Temperatures in northern and eastern India have reached 46 degrees Celsius (114.8 degrees Fahrenheit) this week, AFP reported. A local health official acknowledged heat may have been a factor in the deaths of 25 people on June 16. Later, the Chief Medical Officer of Ballia, Dr. Jayant Kumar, said the spike in deaths was due to “various other ailments,” including old age. Not a single district hospital has been built in the last six years.

Persons: Diwakar Singh, Singh, Ballia, Jayant Kumar, ” Kumar, N Tiwari, “, ” Akhilesh Yadav, ”, Mansukh Mandaviya Organizations: CNN, AFP, BBC, heatwave, Express, India’s Locations: Uttar Pradesh, Ballia, India

☆ Elon Musk says Biden's desire to tax the ultra-rich would 'upset a lot of donors'
▼ + stars: | 2023-06-20 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Elon Musk said President Joe Biden's plan to tax the rich won't sit well with "a lot of donors." Musk said a wealth tax could become a burden to lower-to-middle-income earners. The billionaire has spoken out against a billionaire tax in the past. In the 2020 election, billionaire donors spent over $2.3 billion across the two parties. "It's time they pay the minimum tax," Biden said at the rally, according to a transcript of the event. "

Persons: Elon Musk, Joe Biden's, Musk, —, Biden, Biden's, Tesla, dissing Biden, hasn't Organizations: Service, Privacy, Twitter, Democratic Party, Forbes, CNN, Biden, Securities and Exchange Commission Locations: Philadelphia

New rules imposed in February force infant formula makers to invest heavily to re-make, test, certify and re-register their products for China, before potentially conducting new marketing campaigns. “The new standard requires higher product quality as well as stronger manufacturing techniques which are expected to eliminate many small-to-medium-size players,” said Quinn Mai, analyst at Euromonitor International, which estimates China’s infant formula market will fall 12.5% to $21 billion by 2025 due to shrinking demand. China's National Health Commission (NHC) cited infant safety when announcing the latest rules. Celia Ning, director at the nutrition research institute of formula maker Junlebao, said the registration process could "easily" take a year. Another, Fonterra (FCG.NZ), said it was progressing through the re-registration process but that infant formula made up a relatively small part of its China business, with declining birth rates and regulation driving industry consolidation.

Persons: ”, Quinn Mai, Jane Li, Li, Celia Ning, Junlebao, Ning, SAMR, Nestle, Marius Zaharia Organizations: Euromonitor, Health Commission, NHC, State Administration, Market, “, Unicef, Companies, Abbott Laboratories, Reuters, New Zealand's Ministry, Primary Industries, Milk, Global, Nestle, Danone, HK, “ Companies, Thomson Locations: HONG KONG, China, Auckland, “ Beijing, India, U.S, Hong Kong, Beijing, Lincoln

☆ Johnsonville recalls Beddar With Cheddar sausages over possible plastic contamination
▼ + stars: | 2023-06-19 | by ( Michael Nam | ) edition.cnn.com time to read: +1 min

New York CNN —Sausage company Johnsonville is voluntarily recalling more than 42,000 pounds of its “Beddar With Cheddar” sausages because of possible contamination. The ready-to-eat pork links may include very thin black, fibrous strands of plastic, according to the US Department of Agriculture’s Food Safety and Inspection Service. Johnsonville noted that if the fibers are consumed, the USDA believes they likely pose a low risk of adverse health effects. packages of Johnsonville Beddar with Cheddar Smoked Sausage links were produced on January 26, 2023 and have the best by 07/11/2023 C35 code date along with an establishment number of EST 34224 on the front, lower right corner. At least one incident of the plastic threads being found in the sausage has been reported but otherwise there have been no illnesses or injuries, according to Johnsonville.

Organizations: New, New York CNN —, US Department of Agriculture’s, Inspection Service, USDA, “ Consumers Locations: New York, Johnsonville, Colorado , Iowa , Kansas , Missouri , Nebraska, North Dakota , Oklahoma, Texas

☆ How to Increase the Value of Your Home With 5 Popular Home Improvements
▼ + stars: | 2023-06-18 | by ( Daniel Bortz | ) www.wsj.com time to read: +7 min

Plus, data also suggests solar panels increase a home’s value somewhat when it comes time to sell. Does a new roof increase home value? Does a new kitchen increase home value? Does a new bathroom increase home value? “Classic subway tile is clean, simple and has a timeless appeal.”Do energy-efficient windows increase home value?

Persons: Daniel Bortz, ”, David Steckel, you’ll, Steckel, Mallory Micetich, Micetich, HomeAdvisor, Courtney Mason, Mason Organizations: Rewiring America, Census, Google, Energy Locations: New York, Riverside , Calif, Atlanta ,, Tampa, Fla

☆ A Bear That Looked Like a Raccoon and Had a Dangerous Appetite
▼ + stars: | 2023-06-18 | by ( Carolyn Wilke | ) www.nytimes.com time to read: +1 min

Some 30 million years ago, a primitive bear roamed near a river in what is now North Dakota. A male, he probably looked like a raccoon and might have eaten like an otter. The skeleton includes the baculum, a penis bone found in many mammals that is rarely preserved. In an article published earlier this month in The Journal of Vertebrate Paleontology, Dr. Wang’s team noted details of the creature’s features from his teeth to the tips of his toes. “It’s a small side branch, but it’s a very important side branch,” Dr. Wang said.

Persons: “, ”, Xiaoming Wang, Wang’s, Dr, Wang Organizations: of Los, Paleontology Locations: North Dakota, of Los Angeles County

☆ First 'Trooping the Colour' parade for Britain's King Charles
▼ + stars: | 2023-06-17 | by ( ) www.reuters.com time to read: +2 min

[1/5] Britain's King Charles salutes as he rides on horseback as part of Trooping the Colour parade which honours him on his official birthday, in London, Britain, June 17, 2023. REUTERS/Toby MelvilleLONDON, June 17 (Reuters) - Britain's King Charles celebrated his first official birthday parade as sovereign on Saturday, riding on horseback to inspect soldiers in a ceremony that has been an annual event since 1760. By appearing on horseback Charles, 74, revives a tradition which his mother, Queen Elizabeth, gave up in 1986 when she was 60. Charles became king when his mother Queen Elizabeth died aged 96 in September. Trooping the Colour marks the official Birthday of Britain's monarch and is usually held in June.

Persons: King Charles, Toby Melville LONDON, Britain's King Charles, Charles, Queen Elizabeth, Prince of Wales, Princess Anne, Duke, Wales, Charles's, Sarah Young, Louise Heavens Organizations: REUTERS, 1st Battalion Welsh Guards, Buckingham, Red Arrows, Thomson Locations: London, Britain, British, Edinburgh

Changpeng Zhao, founder and CEO of Binance, waves as he arrives on stage for a panel session on the second day at the VivaTech Conference in Paris, June 16, 2022. PARIS — Days before French police visited Binance's Paris office, the crypto exchange's top French executive dismissed concerns about U.S. regulatory charges affecting Binance's other operations, comparing them with the flapping of a butterfly's wings. Just days before the raid, CNBC asked Binance France President David Prinçay if he was concerned about charges from the top two U.S. financial regulators against the exchange. Binance's founder, Zhao, dismissed the police statement and reporting as "FUD," claiming it was a "surprise on-site" inspection that was "the norm." Binance faces over a dozen charges from the SEC and a similar slate of allegations from the Commodity Futures Trading Commission.

Persons: Changpeng Zhao, Le Monde, Binance, David Prinçay, Prinçay, Changpeng Zhao's, Binance France's, Zhao Organizations: VivaTech Conference, Le, CNBC, U.S . Securities, Exchange Commission, SEC, Futures Trading Commission, of Justice Locations: Paris, PARIS, Binance's Paris, U.S, Europe, French, European

[1/3] A logo of The UPSIDE Foods plant, where lab-grown meat is cultivated, is seen in Emeryville, California, U.S. January 11, 2023. On June 8, California-based Good Meat became the first company to receive the USDA label approval. Both Good and Upside are still awaiting a site inspection from USDA, the final step in the regulatory approval process before their cultivated chicken can go to market. Upside was the first company to receive a green light for its cultivated chicken from the U.S. Food and Drug Administration last year. Cultivated meat is made from a small sample of livestock cells collected from living animals, which are then fed a nutrient mix and grown inside steel vats.

Persons: Peter DaSilva, ”, Uma Valeti, Leah Douglas, Jonathan Oatis, Matthew Lewis Organizations: REUTERS, U.S . Department of Agriculture, USDA, U.S . Food, Drug Administration, FDA, Thomson Locations: Emeryville , California, U.S, United States, California, Washington

☆ Don't send checks through the mail, the post office is warning. Criminals are stealing more than ever.
▼ + stars: | 2023-06-13 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Reports of check fraud have steadily risen since 2020, with stimulus checks becoming a target. There were 680,000 reports of check fraud in the US in 2022, compared to 350,000 in 2021. Don't put checks in the mail, the US Postal Service is warning. The Postal Service investigated and Fischgrund has recovered about 70% of the revenue, but some of the cases haven't yet been resolved. Fischgrund said he'd never previously had an issue with check fraud in the nearly 10 years he has run his own business.

Persons: Banks, Eric Fischgrund, Fischgrund, he'd, Leonardo DiCaprio Organizations: Morning, US Postal Service, US Postal Inspection Service, Federal Reserve, US Mail, Network, PR, Postal Service Locations: United States, New York

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