The Independent

  The Treasury Department has issued regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate. Under rules finalized Wednesday, investment advisers and real estate professionals will be required to report cash sales of residential real estate sold to legal entities, trusts and shell companies. The requirements won't apply to sales to individuals or purchases involving mortgages or other financing.The new rules come as part of a Biden administration effort to combat money laundering and the movement of dirty money through the American financial system. All-cash purchases of residential real estate...

New US rules try to make it harder for criminals to launder money by paying cash for homes

The US government surprisingly owns 54.89 billion Shiba Inu (SHIB) tokens, equivalent to about $729,581. These holdings were not purchased but seized as part of law enforcement actions. In an unexpected turn of events, it has been revealed that the US government holds a staggering 54.89 billion Shiba Inu (SHIB)...

Government Goes Crypto: Billions of Shiba Inu in US Treasury Wallet

Treasury’s Financial Crimes Enforcement Network (FinCEN) issued two rules to help safeguard the residential real estate and investment adviser sectors from illicit finance. The investment adviser rule is slated to go into effect in January 2026. Its residential real-estate rule is scheduled to begin in December 2025. The final...

FinCEN AML Filing Regs Published

PYMNTS

TD Bank’s ongoing issues with its anti-money laundering (AML) controls could usher in a leadership change. That’s according to a Wednesday (Aug. 28) Reuters report, based on interviews with 10 shareholders at Canada’s second-largest bank, as well as two analysts. They said a change in CEO is...

Report: TD Bank’s Money Laundering Troubles Could Lead to CEO Change

Escanaba, MI

The US Sun

A CAR dealership has closed its doors for the last time after the general manager received a $10 million proposal. The dealership, which sold Volkswagen and Mazda cars, shuttered after the companies allegedly said franchise owners needed to make new investments. The dealership in Escanaba, Michigan, closed in September 2023, according to local Fox affiliate […]

Dealership closes abruptly after $10m demand is handed to manager – forcing the end of the 50-year-old business

MarketRealist

Nicholas Puech, who owned a 5.7% stake in the luxury brand, has claimed he has nothing left in bank.

Hermès heir promised to leave $13 billion fortune to his gardener. Now, the money is gone

JPMorgan Chase, Bank of America, Wells Fargo and other unnamed large banks are reportedly facing a federal investigation over scams and fraud on the billion-dollar instant payments platform Zelle. The Consumer Financial Protection Bureau (CFPB) is probing how the banks handle disputed transactions on the network, reports the Wall Street...

JPMorgan Chase, Bank of America and Wells Fargo Under Federal Investigation Over Hundreds of Millions of Dollars in Scams and Fraud on Instant Payments Platform Zelle

While we adhere to strict editorial guidelines, partners on this page also provide us earnings. Kevin Spacey is allegedly “refusing to leave” his lavish Baltimore condo after it was foreclosed on due to his "many millions" in legal bills. It was later sold at auction in July. The...

Kevin Spacey is allegedly ‘refusing to leave’ his $5.6M Baltimore home after it was foreclosed on due to his ‘many millions’ of dollars in legal bills

Fort Collins, CO

A Colorado dentist has been indicted for allegedly using an illegal tax shelter to conceal more than $3.5 million from the IRS, according to the U.S. Department of Justice (DOJ). On August 23, a U.S. grand jury in Denver indicted Dr. Ryan Ulibarri, who has owned and operated Ulibarri Family...

Dentist accused of hiding $3.5M from the U.S. government

Who: A court-appointed receiver for SiliconSage Builders Inc. filed a lawsuit against JPMorgan Chase Bank NA. Why: The lawsuit alleges that Chase Bank employees enabled a Ponzi scheme targeted at retail investors. Where: The Chase Bank Ponzi scheme lawsuit was filed in California federal court. A new Chase Bank lawsuit...

Chase Bank aided Ponzi scheme with real estate developer, lawsuit claims

Michigan State

The FTC has shut down Michigan-based Financial Education Services, a credit repair company that the agency says actually was a large pyramid scheme,. If approved by a federal judge in the Eastern District of Michigan, the settlement also will return $12 million to consumers harmed by the company, the FTC said. The company, which operated as early as 2015, was temporarily shut down when the FTC first filed suit against it in 2022.

FTC Shuts Down Credit Repair Company

24/7 Wall St.

24/7 Wall Street Insights Many of America’s richest women started companies with a spouse but continued to manage on their own. The top 1% of Americans in terms of net worth control most of the economy.  Women play a huge part in every industry. Also: 2 Dividend Legends to Hold Forever The top 1% of […]
The post This Woman Is Worth Over $20 Billion and Most Americans Don’t Know Her Name appeared first on 24/7 Wall St..

This Woman Is Worth Over $20 Billion and Most Americans Don’t Know Her Name

Snopes

"Take note of the following birth dates," Laura Loomer posted.

Fact Check: Harris' Mom Lied on Immigration Form So She's Ineligible To Be President?

Florida State

 A die-hard Trumper in Florida says he was discriminated against by a right-wing political advocacy group, claiming he was called a “slave” during his 12 days with the organization before it fired him for complaining.Carl Baxter, who is Black, is suing Americans for Prosperity, the nonprofit “grassroots” conservative operation established by Charles and David Koch, the billionaire siblings and hard-line climate change deniers.Baxter serves as president of the Republican Club of North & East Fort Myers, and is not at all shy about his outsized affection for Donald Trump. He can be seen on social media at Trump appearances,...

Black Trump supporter claims he was called a ‘slave’ by right-wing organization he was canvassing for

Texas State

No further specifics were given, but these schemes typically involve fraudsters tricking employees at a company — often in finance or with access to the executive suite — into initiating a bank transfer of company funds to a bank account controlled by the fraudsters. These schemes can involve the hacking of email accounts used by executives to send fraudulent instructions to staff on their behalf, or even use deepfakes in efforts to trick unsuspecting employees into transferring funds.

Texas firm says it lost $60M in a bank wire transfer scam

The plan will be "the absolute end of the middle class," U.S. Rep. Lauren Boebert, from Colorado, claimed in an X post.

Fact Check: Yes, Harris Plans to Institute 25% Tax on Unrealized Capital Gains — of Wealthiest Americans

Coffee County, GA

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Daily Coffee Press

Last week, two individuals from Coffee County were charged with trafficking methamphetamine following a search at a residence on Willacoochee Highway. On August 13, detectives with the Coffee County Drug Unit conducted an operation involving Charles Black, which led to a search of his residence on Willacoochee Highway. According to the report, Black left his residence before the warrant was served and was subsequently detained.

Two Charged with Trafficking Methamphetamine After Search in Coffee County

Alaska State

LUDACRIS has sparked concern by drinking glacier water in Alaska. Fans immediately warned the Atlanta-based rapper about the potential hazards of consuming the unfiltered water, including bacteria, parasites, and viruses. On Monday, Ludacris, whose real name is Christopher Bridges, shared a video of himself sampling glacier water in Alaska on Instagram. It seemed that he […]

Ludacris sparks concern by drinking glacier water in Alaska as fans warn him about dangerous ‘bacteria and viruses’

Maine State

Sagadahoc County, ME

Lewiston, ME

The Maine Monitor

Editor’s note: This story contains references to suicide. When a bill to strengthen Maine’s yellow flag law went into effect earlier this month, Sagadahoc County Sheriff Joel Merry said he felt a sense of relief.

Law enforcement officers can now get a warrant to take someone into protective custody

New York City, NY

 A New York City lawyer who died after a yacht sank off the coast of Sicily wrote a haunting post on LinkedIn two months before he joined the doomed voyage. In one of his only posts on the site, Christopher Morvillo, 59, thanked his legal team after they helped British tech tycoon Mike Lynch win a fraud trial and discussed living “happily ever after.” Lynch owned the luxury yacht Bayesian, which sank early on Monday.Five bodies, believed to be those of Lynch, Morvillo, Morvillo's wife Neda, British banker Jonathan Bloomer and his wife Judy have now be recovered by...

NYC lawyer who died in yacht disaster wrote haunting LinkedIn post weeks before

NewsBreak

US Treasury Cracks Down On Real Estate Money Laundering

Two rules were handed down by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) to safeguard residential real estate investors from illicit finance....

US Treasury Cracks Down On Real Estate Money Laundering

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