Utah Small Business Loan – Utah BBQ http://utahbbq.org/ Fri, 21 Jan 2022 21:15:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://utahbbq.org/wp-content/uploads/2021/04/cropped-ICON-32x32.png Utah Small Business Loan – Utah BBQ http://utahbbq.org/ 32 32 Olympic medalist accused of stealing millions in COVID-19 relief money https://utahbbq.org/olympic-medalist-accused-of-stealing-millions-in-covid-19-relief-money/ Fri, 21 Jan 2022 21:15:23 +0000 https://utahbbq.org/olympic-medalist-accused-of-stealing-millions-in-covid-19-relief-money/

When the COVID-19 pandemic began nearly two years ago, scammers immediately began siphoning off billions of federal relief dollars approved by Congress.


Authorities say these fraudsters include Allison Baver, a former Olympic speed skater who has been charged with eight counts of making a false statement to a bank and one count of money laundering, according to the United States Attorney General’s Office. United States in Utah.

Allison Baver competes in the women’s 1,000 meter time trial during the US Olympic Short Track Trials at the Utah Olympic Oval on January 2, 2014 in Salt Lake City, Utah. (Matthew Stockman/Getty Images/Getty Images)

The 41-year-old won a bronze medal in the women’s 3,000m relay at the 2010 Olympics in Vancouver, nearly a year after breaking her ankle and leg in multiple places while competing in Bulgaria .

Following his Olympic victory, Baver launched Allison Baver Entertainment, a company that describes itself as the “engine behind the stories that move the needle. We are driven by film, television and lifestyle goals.”

Now authorities say Baver lied on loan applications to fraudulently receive $10 million from the Paycheck Protection Program — some of which she invested in a film about serial killer Ted Bundy, according to the prosecutors.

Baver allegedly claimed in some PPP funding applications that his company had an average monthly payroll of $4 million and 105 employees, according to the indictment. In others, she said she had 430 workers. But the indictment alleges that Baver actually had no employees or monthly payrolls.

Allison Baver crashes during the first semifinal of the women’s 1000m at the US Short Track Single Distance Championships on August 25, 2013 at the Olympic Oval in Kearns, Utah. (George Frey/Getty Images/Getty Images)

In May 2020, one of the banks, Meridian, approved a $10 million loan for Allison Baver Entertainment; two months later, according to the indictment, Baver transferred $150,000 to another production company behind the movie ‘No Man of God,’ which stars Elijah Wood as serial killer Ted Bundy. .

Federal prosecutors want Baver to lose about $9.7 million of the cash, according to local station KTSU. She also faces up to 40 years if convicted on all counts.


The Secret Service estimated last month that about $100 billion had been stolen from COVID-19 relief funds, a figure based on Secret Service cases as well as data from the Department of Labor and Small Business. Administration. It does not include cases of COVID-19 fraud prosecuted by the Department of Justice. In total, at least 3% of the total $3.4 trillion in federal pandemic aid was stolen by scammers, showing that “the sheer size of the prize pool attracts criminals,” the services said. secrets.

Allison Baver attends the 25th Annual Race To Erase MS Gala at The Beverly Hilton Hotel on April 20, 2018 in Beverly Hills, California. (Jon Kopaloff/Getty Images/Getty Images)

“All states have been hit, some harder than others,” said Roy Dotson, deputy special agent in charge. “The Secret Service is kicking off, trying to recover whatever we can, including stolen funds from federal and state programs.”

For some businesses in Mass., the COVID-19 pandemic has pushed changes for the better https://utahbbq.org/for-some-businesses-in-mass-the-covid-19-pandemic-has-pushed-changes-for-the-better/ Mon, 17 Jan 2022 22:10:00 +0000 https://utahbbq.org/for-some-businesses-in-mass-the-covid-19-pandemic-has-pushed-changes-for-the-better/

In 2020, the store had its best year yet. And 2021 was even better.

“COVID has changed everything in our store,” Titcomb said. “It made us a better company by far.”

The pandemic has crushed many small businesses, as health issues, supply chain issues and labor shortages converge. But some have been able to adapt and thrive. They have upgraded technologies and expanded online offerings. They sought out new customers and launched new lines of business. Others, like Titcomb, saw an opportunity and ran with it.

The pandemic didn’t kill them, it made them stronger.

For nearly two years, there has been a “global scramble” as companies try to stay afloat, said Sridhar Tayur, professor of operations management at Carnegie Mellon University. And that crisis mindset has sparked changes that could have a lasting impact. Companies are tracking online customer orders like they never have for in-person sales, he said. Operations are automated and simplified.

“Necessity is the mother of invention,” he said. “I don’t think they’ve had this much need at least in the last 20 or 30 years.”

Lightyear Strategies, a Boston marketing firm, has witnessed the change in its clients. At first, the mindset seemed like “the end of the world…let’s get rid of the marketing,” said chief executive Nima Olumi. But a few months later, customers realized they needed help adjusting to a changed and largely virtual world.

A New York property management company asked Lightyear to figure out how to email thousands of residents about the new disinfection measures. Boston hospitals wanted videos educating patients on safety protocols.

At the same time, Olumi realized he needed to focus rather than try to be a jack-of-all-trades “yes”. Today, his monthly recurring income is more than 10 times what it was in 2019.

“If you’re making hot dogs,” he said, “stay making hot dogs.”

For other business owners, however, the pandemic was a good time to diversify. Runamok Maple in Fairfax, Vermont, has seen its online syrup sales soar, while restaurant and hotel sales have plummeted. The company therefore decided to launch Sparkling Syrup, infused with edible pearlescent mica, to “bring some joy,” says co-owner Eric Sorkin. And it was a huge success. “All the working dads were home now, and what does a working dad know how to do?” he said. “They cook breakfast.”

Ellen Speers, manager of the Titcomb Bookstore in Sandwich on Cape Cod, moves some books from the store’s upper level downstairs.David L. Ryan/Globe Staff

At Copper Dog Books in Beverly, mastering online ordering when no one wanted to shop in person opened the door to shipping gift sets, including a monthly subscription with two sci-fi novels, a snack and a small item like a newspaper or a key chain. . Scenic Roots Garden Center in Sandwich started a virtual landscape design business and began selling produce from a nearby farm. Both companies have recorded record sales over the past two years.

The adoption of new technologies has been a game-changer for many businesses. In response to COVID restrictions, the owner of a nautical jewelry company in washington state set scannable QR codes next to each necklace and bracelet in its storefront, directing shoppers who couldn’t enter to the items on its website. A business consultancy in Utah began digitizing its operations when the world went online, including the use of artificial intelligence to help predict staff turnover, a major challenge during the pandemic. Financial services firms have turned to facial recognition technology from Bedford’s biometric software provider Aware to offer mobile customers a more secure way to verify their accounts.

Many companies have embarked on “digital transformation” during the pandemic, said Mark Tina, vice president of sales for Verizon Business in the eastern United States. New high-speed internet services not only have more capabilities than older technologies, they are also cheaper, he said, which is critical for businesses struggling to survive.

When workers stopped entering their offices, Quincy-based Dependable Cleaners has seen business drop to a fraction of what it was, prompting the dry cleaner to look for ways to become more efficient, operations manager Carlyn Parker said. It’s moved to a Verizon service that assigns a corporate number to ring multiple mobile devices and desk phones, and it’s added a texting feature to its bi-weekly pickup and delivery service.

Now, instead of visiting each door-to-door delivery customer twice a week, drivers only visit when requested, allowing the company to add more customers without more drivers. Before Omicron pushed companies to push back office reopening dates, Dependable Cleaners was back up to 80% of pre-pandemic levels.

“We’re in the fourth generation,” said Parker, whose grandparents founded the company. “We are here to stay.”

Finding new customers has also been a lifeline. When travel stopped in March 2020, revenues fell to “almost zero” for Without pod, a Boston company that ships luggage for travelers. But he soon began to stress that using his services meant less human contact, chief executive Aaron Kirley said. No more queuing at the airport to check baggage, no more congregating with the masses at the baggage carousel. The company also has partnered with moving companies to reach the wave of digital nomads who could suddenly work wherever they wanted – and probably didn’t have room in their car for all their stuff. And when people complained that they couldn’t print shipping labels anymore because they weren’t at work, LugLess developed digital labels.

By fall 2020, activity had tripled from its pre-pandemic peak, then tripled again last year.

“It kind of forced us to open our eyes and consider new opportunities,” Kirley said.

Some of the new opportunities revealed during the pandemic don’t just increase revenue. They also save lives.

A shelf of sold books with customers’ names has been set up at the main entrance to Titcomb’s bookstore for easy pick-up. David L. Ryan/Globe Staff

Groups Recover Together, a Burlington-based addiction treatment provider, has nearly doubled the number of people it serves across the country since it began offering virtual sessions. Before COVID, people battling opioid abuse had to attend in-person group therapy because of the medications provided, executive director Colleen Nicewicz said.

But when that requirement was waived during the shutdown, Groups Recover Together began hosting sessions on Zoom, then through a new app. The organization now reaches more than 10,000 people a week, nearly a third of whom live in counties without a physical site. Opioid addiction is rampant in rural areas, Nicewicz said; in an Indiana county with a population of just 10,000, Groups Recover serves one in every 200 residents, even without a clinic.

Crucially, the data shows that virtual group therapy is just as effective at stopping people from using drugs. in the form of in-person sessions, she said. At a time when the opioid epidemic is worse than ever – overdose deaths pink almost 29 percent in the 12 months ending in April 2021 compared to the previous year — reaching more people is key, said Nicewicz, who hopes virtual therapy will become a permanent offer.

“We really filled an unmet need,” she said.

Katie Johnston can be reached at katie.johnston@globe.com. Follow her on Twitter @ktkjohnston.

Hospitals face fallout from Supreme Court decision on vaccine mandate https://utahbbq.org/hospitals-face-fallout-from-supreme-court-decision-on-vaccine-mandate/ Sat, 15 Jan 2022 15:53:45 +0000 https://utahbbq.org/hospitals-face-fallout-from-supreme-court-decision-on-vaccine-mandate/

While 21 States and the District of Columbia have already mandated vaccines for healthcare workers, six – Texas, Montana, Arkansas, Indiana, Tennessee and Georgia – have bans in place that prohibited certain employers from requiring vaccines. Eighteen states had no requirements for healthcare workers, while five, including Utah, Arizona and Michigan, exempted healthcare organizations from the ban from vaccine requirements .

The Supreme Court ruling covered two dozen states that had been subject to federal injunctions barring the Centers for Medicare & Medicaid Services from imposing a mandate. About 10 million workers in about 76,000 health care facilities, including hospitals and long-term care facilities, are affected by this requirement.

In Florida, Governor Ron DeSantis called the new federal policy “crazy” at a press conference Thursday. The state’s Agency for Health Care Administration also said it would not investigate health care facilities. vaccine mandate compliance. On Friday, Mr. DeSantis reiterated his position, posting on Twitter that Florida will reject federal warrants, “which are rooted in political science, not medical science.”

Yet federal laws supersede or “precede” conflicting state and local laws, and in allowing the mandate for healthcare workers, the Supreme Court at least implicitly ruled that it overruled state laws prohibiting vaccination requirements at facilities participating in Medicaid and Medicare.

The specter of the potential loss of federal funding if they don’t comply has already persuaded some hospital chains to require vaccinations for workers who didn’t qualify for a medical or religious exemption.

“If we fail to comply with CMS’s mandate, we could compromise our ability to serve our communities and provide patient care under Medicare and Medicaid programs,” an HCA spokesperson said in a statement. The system, which employs about 275,000 workers, said more than 90% of its workers are vaccinated or qualify for an exemption.

Gabby Petito and Brian Laundrie Moab investigation: Read the full report https://utahbbq.org/gabby-petito-and-brian-laundrie-moab-investigation-read-the-full-report/ Sat, 15 Jan 2022 08:28:02 +0000 https://utahbbq.org/gabby-petito-and-brian-laundrie-moab-investigation-read-the-full-report/


Moab authorities released a report on Wednesday on the independent investigation into their police department’s handling of the Aug. 12 domestic call involving Gabby Petito and Brian Laundrie — which resulted in no arrests despite state law. State of Utah Requiring Arrest or Citation in Domestic Violence Incidents.

The investigation includes interviews with the two officers involved and the city’s acting police chief and reviewed incident reports, body camera videos and other evidence.

The domestic violence call, first reported by Fox News Digital, included allegations that Laundrie slapped and punched Petito, but both denied that version of events to responding officers. Police eventually separated them for the night and let them go – conceding to the investigator that they had no legal authority to do so.


Read the full report here:

About two weeks after the incident in Moab, Petito’s family last heard from him. The FBI later found her remains at a Wyoming campsite she had shared with Laundrie. He had returned to his parents’ home across the country without her and said nothing to investigators, Petito’s family or the public before going on the loose and ending up dead himself in a suspected suicide. He was the only person interested in her death.


A City of Moab spokesperson said officials plan to implement the report’s recommendations and will also add a domestic violence specialist “to oversee the incident being investigated by Moab officers.”

]]> FundThrough Acquires BlueVine Invoice Factoring Business | Business https://utahbbq.org/fundthrough-acquires-bluevine-invoice-factoring-business-business/ Thu, 13 Jan 2022 11:02:37 +0000 https://utahbbq.org/fundthrough-acquires-bluevine-invoice-factoring-business-business/

TORONTO – (BUSINESS WIRE) – January 13, 2022–

FundBy, a financial technology platform that solves cash flow challenges for growing businesses through fast bill payments, today announced the acquisition of the invoice factoring business of the financial technology company BlueVine. The acquisition accelerates the company’s strategic focus on integrated financing and its efforts to expand into the US market, doubling the number of US clients who will rely on FundThrough to turn unpaid invoices into working capital. All employees of BlueVine’s invoice finance division are joining FundThrough as part of the transaction.

FundThrough has grown by 1,071% in the past three years and nearly 300% since last year, funding thousands of B2B clients since the company was founded in 2014. The fintech company has grown to handle more funding of $ 120 million per month while being extremely capital efficient, having only raised $ 25 million in equity since its inception. The acquisition is expected to more than double the number of fundraising transactions FundThrough completes each year.

Cash flow is the number one problem facing small businesses. According to data from QuickBooks, 81% of businesses surveyed said their customers were overdue more often in 2021 than in previous years, and 89% said late payments are limiting their growth. According to FundThrough customer data, small businesses wait an average of 60 days for customers to pay their bills. FundThrough solves this problem through its AI-powered funding platform, which generates automated offers for a seamless onboarding and funding experience. Using its technology, along with key partnerships with companies such as Intuit and Enverus, FundThrough is reducing that wait time by 97% to accelerate access to cash flow for small businesses.

“We are committed to helping small businesses grow and prosper, especially those that sell to large customers where long payment terms and lack of financing options hamper the growth of a business,” said Steven Uster, co-founder and CEO of FundThrough. . “BlueVine was one of our biggest competitors in the US market, and with this acquisition we can fulfill our mission on a much larger scale. We look forward to providing BlueVine’s invoice factoring clients with the same responsive, personalized customer service and seamless financing experience that existing FundThrough clients rely on and value.

In addition to accelerating its expansion in the United States, the acquisition also rapidly advances another FundThrough strategy: to become the leader in integrated finance. The additional scale of new partnerships and channel relationships acquired through BlueVine – including all BlueVine factoring partners, which have now moved to FundThrough – will fuel FundThrough’s goal of being included in the B2B marketplace workflow. , ecosystems and applications where suppliers can request instant payment of their large customer invoices without leaving the workflow. This gives suppliers more opportunities to increase their cash flow and level the playing field for small businesses selling to large and powerful customers who often impose long payment terms.

Based in Redwood, California, BlueVine provides financial services to small and medium-sized businesses. The company serves the banking and working capital needs of business owners with a suite of products, including BlueVine Business Checking, Payments, and Line of Credit. Factoring was BlueVine’s founding product.

“Since launching BlueVine, we have focused on the financial needs of small businesses and are very proud of what we have been able to accomplish. As we evolve our products and services, we are constantly examining how we can better serve our customers at scale, ”says Eyal Lifsthiz, co-founder and CEO of BlueVine. “We have determined that FundThrough is uniquely positioned to serve our factoring clients with the care and individual attention they need and deserve. Our factoring clients will be in good hands with FundThrough.

About FundThrough

FundThrough is a leading financial technology company that accelerates cash flow and enables the growth of small and medium businesses that sell to big customers and wait to be paid. Based in Toronto and operating across North America, FundThrough’s AI-powered invoice financing platform offers B2B businesses fast, personalized financing offers to get their invoices paid in days – rather than a few days. months – and get quick access to the money they already have. won. For more information visit fundthrough.com.

About BlueVine

BlueVine offers small and medium-sized businesses quick and easy access to financial services designed for them. BlueVine’s advanced online platform offers an intuitive and convenient solution designed to meet the banking and working capital needs of today’s business owners with a suite of products including BlueVine Business Checking, Payments and Line of Credit. Based in Redwood City, Calif., BlueVine has provided small and medium-sized businesses with access to more than $ 14 billion in financing across all products and is backed by leading private and institutional investors including Lightspeed Venture Partners, Menlo Ventures , 83North, Citi Ventures, ION Crossover Partners, SVB Capital, Nationwide Insurance and M12 (Microsoft’s Venture Arm). All lines of credit and term loan products are issued by Celtic Bank, a Utah chartered industrial bank, member of the FDIC. Banking services provided by Coastal Community Bank, FDIC member. For more information, please visit https://www.bluevine.com/ or follow us on LinkedIn and Twitter.

View source version on businesswire.com:https://www.businesswire.com/news/home/20220113005176/en/


Jodi Echakowitz

Boulevard Public Relations





SOURCE: FundThrough

Copyright Business Wire 2022.

PUB: 01/13/2022 6:00 a.m. / DISC: 01/13/2022 6:02 a.m.


Copyright Business Wire 2022.

Fortis announces the launch of equipment finance as its latest commercial banking product. https://utahbbq.org/fortis-announces-the-launch-of-equipment-finance-as-its-latest-commercial-banking-product/ Tue, 11 Jan 2022 19:01:00 +0000 https://utahbbq.org/fortis-announces-the-launch-of-equipment-finance-as-its-latest-commercial-banking-product/

DENVER, January 11, 2022 / PRNewswire / – True to its commitment to providing the best banking solutions to its customers, Fortis, a high-growth commercial bank serving small and medium-sized private enterprises in Colorado and Utahannounced the launch of its equipment financing product offering.

Chris case will be responsible for the development and execution of this new product at Fortis, aligning with the bank’s growth objectives by creating and structuring equipment loans that deliver significant value to existing and new customers. He joins Fortis with a dynamic twenty-three year career reflecting exceptional business leadership and customer service in the equipment finance industry.

“Providing a high quality equipment financing solution is something our customers ask of us. The provision of this additional product will complement our full commercial banking service offering to our customers, ”said Josh petersdirector of loans. “This important milestone in our evolution will continue to expand our capabilities to serve the banking needs of our business customers and to be more than just a traditional community bank.”

“We continue to hire bankers who are looking for a flat organizational structure and an increased ability to serve their clients and we are fortunate that senior and talented bankers like Chris continue to choose Fortis. Our goal remains to expand our teams in key markets, improving our commercial banking capabilities, and continue our commitment to serve our local communities, ”said Chris LuceCEO and co-founder of Fortis. “This can only be accomplished with our continued investment in hiring the best people.”

About Fortis

Fortis is insured by the Federal Deposit Insurance Corporation (FDIC) and is a state chartered bank with offices in the Denver and Salt lake city metropolitan areas. The bank offers businesses and individuals a full range of lending, cash management and deposit products, with a focus on commercial and specialist clients. To learn more about Fortis, visit www.fortisprivatebank.com.

Laura Hildrethfirst vice-president, responsible for human resources
[email protected]


Canyon Partners, CJM and Hensel Phelps Invest in Multi-Family Project near Salt Lake City; Secured Construction Loan Led by CIBC Bank USA | national news https://utahbbq.org/canyon-partners-cjm-and-hensel-phelps-invest-in-multi-family-project-near-salt-lake-city-secured-construction-loan-led-by-cibc-bank-usa-national-news/ Thu, 06 Jan 2022 14:00:00 +0000 https://utahbbq.org/canyon-partners-cjm-and-hensel-phelps-invest-in-multi-family-project-near-salt-lake-city-secured-construction-loan-led-by-cibc-bank-usa-national-news/

DRAPER, Utah, January 6, 2022 / PRNewswire / – Canyon Partners, in conjunction with CJM Development Group (“CJM”) and Hensel Phelps Construction Co. (“Hensel Phelps“), announce a joint venture for the top-to-bottom construction of a class A multi-family community at market price located in clothier, a highly coveted and rapidly growing suburb of Salt lake city. Canyon provided $ 23.7 million preferred shares for this project, which also secured a senior syndicated construction loan led by CIBC United States. The subscription and the financing were organized by LGA Capital. The multi-family community will begin construction immediately and is expected to be open to first moves by the end of 2023.

Located at 12300 Pony Express Road, the development will include three six-story buildings with 423 apartments, over 11,700 square feet of ground-floor retail, 703 parking spaces, and a variety of desirable community amenities such as ‘a fitness center, business center, swimming pool, pickle ball court and dog park, in addition to rooftop terraces with stunning views of the Wasatch Mountains. The multi-family community will benefit from its central location within ‘Silicon Slopes’, the bustling employment hub that has experienced strong population growth driven by the rapid expansion of high-income jobs in the tech sector. Located just 18 miles from downtown Salt lake cityit will also be close to popular ski resorts in the region.

“We are thrilled to lead the way for this community with Canyon and Hensel Phelps, just as we are finishing construction of Canyon Vista, another multi-family project located immediately south of the site, ”said Chris Miller at the CJM. “As the metropolitan area of Salt lake city continues to grow rapidly, we look forward to meeting the needs of clothier community by providing newly constructed, high quality housing to the area. “

The development represents the second project between Hensel Phelps and CJM, and the fifth project between Hensel Phelps and Canyon. This investment brings Canyon’s real estate portfolio to approximately $ 6.9 billion the capitalization of the project.

About Canyon Partners Real Estate LLC

Founded in 1991, Canyon Partners Real Estate LLC® is the direct real estate investment arm of Canyon Partners, LLC, a global alternative asset manager with more than $ 27 billion in assets under management. With 30 years of experience, Canyon has established a broad spectrum of real estate investing capabilities spanning debt, value-added, and opportunistic strategies across property types, regions of the United States, and project stages (including including development, transition and training in difficulty). For more information visit: www.canyonpartners.com

About CJM Development Group

CJM Development Group, Inc is a full service development company in the Grand Lac Salé region. Based at Draper, UT, the company was founded by Chris Miller to develop multi-family projects. The company’s business strategy is to find land, authorize land for multi-family development, find financing for developments and oversee construction of projects.

About Hensel Phelps

Founded in 1937, Hensel Phelps specializes in building development, construction and facility services. As one of the largest general contractors owned by its employees in United States, Hensel Phelps is committed to delivering EXCELLENCE in everything we do. This vision as well as our fundamental values ​​of ownership, integrity, builder, diversity and community define our culture and guide us in the realization of our clients’ projects. Our holistic approach starts with innovative planning and spans the life of the property. For more information on the Hensel Phelps Way visit www.henselphelps.com.

About CIBC

CIBC is a leading financial institution in North America with 11 million personal, corporate, public and institutional clients. CIBC offers a full range of advice, solutions and services in United States, on the other side Canada and all over the world. In the United States, CIBC United States provides commercial, private and personal banking and small business banking solutions, and CIBC Private Wealth offers investment management, wealth management strategies and wealth planning services. Visit us at cibc.com/US.

About LGA Capital

LGA Capital CRE is an SEC registered private placement broker and member of FINRA that provides commercial real estate investment banking services to its clients seeking to raise debt and equity. Relying heavily on in-depth underwriting and analysis, LGA leverages its long-standing relationships with the industry to provide creative business and capital planning solutions for all types of properties in markets nationwide. In addition to the traditional services offered by a broker, LGA works with its clients to develop business plans, assess opportunities and execute investment strategies. For more information on LGA Capital CRE and its affiliates, please visit www.lgacapital.com.

Media contacts:

Canyon Partners

Kris cole

Prosek Partners




Jen merrill


Development Hensel Phelps, LLC

Laird Heikens




Kristy L. Daube, Director, US Media Relations



LGA Capital

Jason gerstein



View original content to download multimedia:https://www.prnewswire.com/news-releases/canyon-partners-cjm-and-hensel-phelps-invest-in-multifamily-project-near-salt-lake-city-secure-construction-loan-led- by-cibc-bank-usa-301455328.html

SOURCE Canyon Partners LLC

Source link

Trump, Ivanka and Don Jr subpoenaed by New York attorney general https://utahbbq.org/trump-ivanka-and-don-jr-subpoenaed-by-new-york-attorney-general/ Mon, 03 Jan 2022 19:44:21 +0000 https://utahbbq.org/trump-ivanka-and-don-jr-subpoenaed-by-new-york-attorney-general/

NEW YORK (AP) – The New York attorney general recently subpoenaed former President Donald Trump and his two eldest children, Ivanka and Donald Trump Jr., demanding their testimony as part of a civil investigation into the practices family business, according to a court case. public Monday.

The subpoenas, arising from Attorney General Letitia James’ multi-year investigation into issues such as “valuation of property owned or controlled” by Trump and his company, the Trump Organization, came to light after James turned himself. was taken to court last month in an attempt to force the Trumps to comply.

The attorney general’s attempt to obtain the testimony of the former president was reported in December, but the filing of the complaint on Monday was the first public disclosure that investigators were also seeking information from Ivanka Trump and Donald Trump Jr.

James, a Democrat, has spent more than two years investigating whether the Trump Organization has misled banks or tax officials about the value of assets – inflating them to get favorable loan terms or downplaying them to achieve tax savings.

The Trumps have indicated they will fight the subpoenas and have to file court documents through their lawyers to have them deported. A similar legal battle unfolded last year after James’ office cited the testimony of another Trump son, Eric Trump.

Messages soliciting comment were left with lawyers for the Trumps and the attorney general’s office on Monday.

It was reported last month that James had asked Donald Trump to sit for a deposition, but Monday’s court record was the first public acknowledgment by his office that he had subpoenaed him to appear.

A state court judge who has dealt with past disputes arising from the investigation agreed on Monday to hear the subpoena arguments, which are also asking the Trumps for documents in addition to their testimony.

As the legal battle over subpoenas escalated behind the scenes, Trump sued James in federal court last month, seeking to end his investigation. Trump, in the lawsuit, claimed James violated his constitutional rights in a “thinly veiled effort to publicly slander Trump and his associates.”

In the past, the former Republican president has denounced James’ investigation as part of a “witch hunt” as well as a parallel criminal investigation by the Manhattan district attorney’s office.

James investigators last year interviewed Eric Trump, a Trump Organization executive, as part of the investigation. James’s office went to court to enforce a subpoena against young Trump, and a judge forced him to testify after his lawyers abruptly quashed a previously scheduled deposition.

Although the civil investigation is separate from the District Attorney’s criminal investigation, James’ office was involved in both.

Last year then-prosecutor Cyrus Vance Jr. gained access to the longtime real estate mogul’s tax records after a years-long fight that twice went to the Supreme Court. the United States. He also brought tax evasion charges in July against the Trump Organization and its longtime CFO Allen Weisselberg.

Before stepping down last week, Vance called a new grand jury to hear evidence as part of the investigation, but left the decision on the additional charges to his successor, Alvin Bragg. The new district attorney said he would be directly involved in the Trump case while retaining the two senior prosecutors who led the case under Vance.

Weisselberg has pleaded not guilty to the charges alleging that he and the company evaded taxes on lucrative employee benefits paid to executives.

Both investigations are at least in part linked to allegations made in news reports and by former Trump personal attorney Michael Cohen that Trump had a habit of distorting asset values.

James’ office has issued subpoenas to local governments in connection with the civil investigation into the files concerning Trump’s property north of Manhattan, Seven Springs, and a tax benefit Trump received for placing land in a conservation trust. Vance subsequently issued subpoenas requesting many of the same files.

James’ office also looked at similar issues with a Trump office building in New York City, a hotel in Chicago, and a golf course near Los Angeles. His office has also won a series of court rulings forcing Trump’s company and a law firm it hired to hand over treasure troves of documents.

Source link

Mission Ready obtains $ 6,000,000 loan from Northwest Bank https://utahbbq.org/mission-ready-obtains-6000000-loan-from-northwest-bank/ Fri, 31 Dec 2021 16:32:16 +0000 https://utahbbq.org/mission-ready-obtains-6000000-loan-from-northwest-bank/

Vancouver, British Columbia, CanadaThe press wire – DDecember 31, 2021 – Mission Ready Solutions Inc (“Ready for the mission“) (TSXV: MRS) (OTC: MSNVF), a comprehensive public procurement solutions provider is pleased to announce that it has been approved for a loan of $ 6,000,000 (the “”To lend“) Northwest Bank of Coeur d’Alene, Idaho (an Idaho chartered bank owned by Western Capital Corporation) (the”Lender”) In order to facilitate the payment of certain amounts currently recognized in the Company’s balance sheet under the heading Suppliers and other payables.

Pursuant to the terms of the loan, the Company has agreed to pay the lender a total of $ 87,651.33 per month, representing principal and interest payments, beginning February 1, 2022 and ending January 1, 2027 ( the due date), on the date on which all sums due under the Loan become fully due and payable. The interest payable on the loan will be the lender’s index rate (3.25% per annum on the effective date of the loan documents), plus 2.75%, which is subject to an adjustment of from time to time based on changes in an independent index. , being the Wall Street Journal prime rate. Other fees and conditions include an administration fee of 1.5% of the principal amount of the loan, and a cash guarantee whereby the Company must maintain a minimum balance of at least $ 800,000 in a reserve account ( the ” “Reserve account”) To which the Lender will be granted security during the term of the Loan. Upon full repayment of the loan, any funds remaining in the reserve account (the balance of funds that have not previously been applied to the loan, as applicable) will be returned to the company.

Unless otherwise indicated, all currency values ​​referenced here are in US dollars.

About the Northwest Bank

Northwest Bank was founded in Boise, Idaho, in March 2008. Northwest Bank is focused on serving small and medium businesses, professionals, and nonprofit organizations from branches in Idaho, Oregon, Washington and Utah. Northwest Bank is owned by Western Capital Corporation, a banking holding company, and chartered in Idaho.

About Mission Ready Solutions Inc.

Mission Ready Solutions provides comprehensive public procurement solutions with extensive experience in delivering quality, reliable and mission critical products and services to law enforcement, firefighters, first responders, military and other government agencies.

Thanks to its privileged access to a multitude of federal contract vehicles, including the multi-award program (“MAS“) contracts awarded and administered by the United States General Services Administration, the wholly owned subsidiary of Mission Ready, Unifire, Inc., leverages its strong supplier network, proven industry relationships, proprietary technology infrastructure and its industry-leading manufacturing and distribution capabilities to efficiently research and deliver over 1.5 million products.

For more information on Mission Ready Solutions Inc., please visit MRSCorp.com or contact Investor Relations by email at MRS-IR@MRSCorp.com or by phone at +1 877.479.7778 (ext. 5). You can also subscribe to our mailing list at eepurl.com/hznhX9 to receive our press releases and news directly by email.

Mission Ready Solutions Inc.

(Signed “Buck L. Marshall”)

Buck L. Marshall
President, CEO and Director
T: +1 877.479.7778

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terms such as “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “Plan”, “plan”, “budget”, “schedule”, “may”, “will”, “could”, “could”, “should” or variations of these words or of similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Solutions Inc. on the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause actual results, Level of activity, performance or achievements of Mission Ready Solutions Inc. are materially different from those expressed or implied by such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Therefore, readers should not place undue reliance on forward-looking information. Mission Ready Solutions Inc. does not undertake to update any forward-looking information included in this document, except in accordance with applicable securities laws.

Copyright (c) 2021 TheNewswire – All rights reserved.

Source link

The pandemic has pushed nearly 100 million people into poverty. They find it hard to escape https://utahbbq.org/the-pandemic-has-pushed-nearly-100-million-people-into-poverty-they-find-it-hard-to-escape/ Tue, 28 Dec 2021 01:39:18 +0000 https://utahbbq.org/the-pandemic-has-pushed-nearly-100-million-people-into-poverty-they-find-it-hard-to-escape/

A homeless man sleeps on a bench in downtown Los Angeles on Wednesday, December 15. (Damian Dovarganes, Associated Press)

Estimated reading time: 7-8 minutes

NEW YORK – Dipali Roy couldn’t afford to eat.

She and her husband, Pradip Roy, were working in the garment industry in Bangladesh when the Covid-19 pandemic struck last spring, leading to massive layoffs in their factory.

Like millions of people across the world, both lost their jobs in the capital, Dhaka, where they had worked for years making pants, shirts and jackets. And like countless other migrants, they were forced to move to the countryside to reduce their expenses.

The World Bank estimates that 97 million people around the world fell into poverty due to the pandemic in 2020, living on less than $ 2 a day.

There has been little improvement since. “Globally, the increase in poverty that occurred in 2020 due to COVID persists, and the COVID-induced poor in 2021 continue to number 97 million people,” World Bank economists said in a report. communicated. Blog post earlier this year. They noted, however, that overall poverty is expected to decline this year.

“We barely had enough to get home,” Dipali Roy said in an interview in Bengali from the family home, a corrugated iron shack in a village in northern Bangladesh.

As the couple searched for new ways to make a living, they struggled to adjust. They tried to find a loan to start a small business, but at first no one was able or willing to help them. Some local non-profit organizations asked for guarantees, which they did not have.

In the hope of getting a job in agriculture, Pradip Roy approaches a few farmers. But he was fired as a “man from Dhaka,” who would not be able to cope with the harsh weather conditions, his wife said.

Above all, “food was the biggest problem,” said Dipali Roy, 20, who was pregnant at the time and could sometimes only have one meal a day thanks to a public rationing program. “I didn’t know what to do… We just had to sit down and wait when they brought food.”

2020 marks a historic setback in the fight against global poverty, as the number of the world’s poorest increases for the first time in over 20 years, according to the World Bank.

Carolina Sánchez-Páramo, global director of poverty and equity at the World Bank, compared the pandemic to a natural disaster that would rapidly spread beyond its epicenter in East Asia.

“We knew the tsunami was coming,” she told CNN Business.

“The question was not whether this [economic shock] would reach other developing regions, but when. “

Growing inequalities

Even as tens of millions of people were pushed into poverty, the ultra-rich got richer. Last year billionaires took advantage of the highest boost to their share of recorded wealth, according to the World Inequality Lab.

And while it took just nine months for the world’s richest 1,000 people to recover their fortunes during the pandemic, it could be more than a decade before the less fortunate recover, according to Oxfam International’s annual inequality report released in January.

Shameran Abed, executive director of BRAC International, a non-profit organization fighting poverty in Asia and Africa, highlighted the widening wealth gap, saying “the three richest people in the world” could possibly eliminate extreme poverty on Earth.

“It is not their only responsibility,” he added. “But I’m just saying that in general there are enough resources [to tackle the problem]. “

Recently, the richest 1% have come under pressure to get involved in humanitarian issues.

In November, the director of the United Nations World Food Program called billionaires, including the world’s two richest men, Jeff Bezos and Elon Musk, to “step up now, on time.”

In an interview with CNN’s Becky Anderson, David Beasley said giving $ 6 billion, or roughly 2% of Musk’s net worth, could help solve world hunger.

“[It’s] $ 6 billion to help 42 million people who will literally die if we don’t reach them. It’s not complicated, ”he added.

The call received a direct response from Musk, who later said on Twitter that if the organization could explain “exactly how” the funding would solve the problem, it “would sell Tesla shares right now and do it.”

Tesla CEO did not respond publicly when UN released a map in November.

What is needed now

Abed, who recently worked with UK MPs to state an emergency “ on the issue, argues that “poverty is a political choice.”

“We have the know-how to lift a lot of people out of poverty,” said the nonprofit executive, whose team helped the Roys with a loan that the couple said got them back on their feet. .

“There is a lot of evidence of what works, what doesn’t. “

Experts say the first task is to focus on vaccinations.

“We have to make sure that everyone has access to vaccines or some kind of treatment for the pandemic, because until you can control the health shock, it is very difficult to think about economic recovery, not is this not?” says Sánchez-Páramo. “It’s almost like a necessary condition for anything else to happen.”

Vaccine inequality has become a major problem as many of the richest countries in the world loot vaccines, buying enough doses to immunize their populations multiple times and breaking their promises to share them with the developing world.

And as governments continue to rebuild, they should also focus on reactivating economic activity that would generate jobs, such as in the service sector, according to Sánchez-Páramo.

Over the past two years, governments around the world have rolled out stimulus packages to help support their respective economies.

Sánchez-Páramo noted that while many have since suffered a “tax burden” on the amount they have spent, it was important not to cancel safety net programs too quickly.

“They [should] wait for employment to resume before withdrawing income assistance from some of these most vulnerable households, ”she said.

“Because if we consolidate and roll back support too quickly, we might actually see a second wave of rising poverty because the jobs are not there yet.”

Glimmers of hope

Back in Bangladesh, the Roys are seeing better days.

After securing a loan of 40,000 taka ($ 466), the couple bought a van and a goat to support themselves, they said.

Pradip Roy now works as a driver with his van, carrying passengers for the equivalent of around $ 6 per day. He said the family had no plans to return to town and were now saving to buy a cow and farmland.

While the two are technically lifted out of poverty, the hardships of the coronavirus crisis have left their mark.

Dipali Roy, who described the hunger pangs while pregnant as the “most painful” time of her life, said “if I think back to those times, or remember those times, my heart bursts with tears “.

“But now we’re having a really good days,” she added, saying she had regained hope for the future and dreamed that their six-month-old son would get a master’s degree.

Yet they have a reminder for the international community: don’t forget those who remain.

“There are a lot of people like us who have fallen to the bottom of the abyss,” Pradip Roy said. “So if you stand next to them, they too can get up like us, slowly.”

Related stories

More stories that might interest you

Source link