Utah small business loan – Utah BBQ http://utahbbq.org/ Thu, 23 Sep 2021 22:25:27 +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 Government insists there is “no shortage of fuel” as BP closes some courtyards https://utahbbq.org/government-insists-there-is-no-shortage-of-fuel-as-bp-closes-some-courtyards/ Thu, 23 Sep 2021 16:24:06 +0000 https://utahbbq.org/government-insists-there-is-no-shortage-of-fuel-as-bp-closes-some-courtyards/

Drivers urged by government to ‘buy fuel as usual’ after truck driver shortage hits supplies (Nick Ansell / PA) (PA Archives)

Drivers are invited by the Government to “buy fuel normally” after the shortage of truck drivers hit supplies.

BP said a “handful” of its gas stations were closed due to a lack of available fuel, while the owner of Esso ExxonMobil also said that a “small number” of its Tesco Alliance oil yards have been affected.

A government spokeswoman said: ‘There is no shortage of fuel in the UK and people should continue to buy fuel normally.

Truck driver shortages affect all sectors of the economy (Steve Parsons / PA) (PA Wire)

Truck driver shortages affect all sectors of the economy (Steve Parsons / PA) (PA Wire)

“We recognize the challenges facing the industry and have already taken steps to increase the supply of heavy truck drivers, including streamlining the process for new drivers and increasing the number of test drives.

“We continue to closely monitor labor supply and work with industry leaders to understand how we can best alleviate specific pinch points.”

Jim mcmahon Labor’s shadow secretary said it was a “rapidly worsening crisis” and accused the government of “never investing or valuing the jobs of the working class”.

He continued, “Sticky plaster solutions are not going to solve it.

“Ministers must take decisive action now to address the 90,000 driver shortage. “

BP told the government at a meeting last Thursday that the company’s ability to transport fuel from refineries to its network of service stations would falter.

BP UK retail manager Hanna Hofer said it was important for the government to understand “the urgency of the situation”, which she described as “bad, very bad”, according to an ITV News report.

She added that BP had “two-thirds of the normal forecourt stock levels required for proper operation” and that the level “is declining rapidly.”

Meanwhile, an ExxonMobil spokesperson said: “A small number of our 200 Tesco Alliance retail locations are affected.

“We work closely with all parts of our distribution network to optimize supplies and minimize inconvenience to customers. “

A Tesco spokeswoman said: “We have good fuel availability, with deliveries arriving daily at our service stations across the UK.”

The heavy goods vehicle sector has been struggling to recruit in recent months with a combination of the Covid-19 pandemic and Brexit reduce the number of available drivers.

With the closure of test centers and the return of many heavy truck drivers from the EU during the pandemic, this has created a shortage of qualified drivers.

The problem has already hit supermarkets, with shelves half full and grocers forced to raise wages and introduce signing bonuses to fill in the gaps.

It has spread to garbage collection services, with some councils canceling garbage collections as drivers have taken more lucrative jobs elsewhere.

We continue to work with our transportation provider to minimize disruption and ensure effective and efficient deliveries to serve our customers.

PA

Calls from Morrisons and Ocado for the government to add heavy truck drivers to its list of skills shortage jobs, to enable EU workers to fill the gap, were investigated but did not not implemented following pressure from the Ministry of the Interior.

BP has reportedly asked the government for similar support temporarily.

Gordon Balmer, executive director of the Petrol Retailers Association, which represents independent forecourts across the UK, said some sites are suffering from delays, particularly those in London and the south-east of England.

He recommended motorists keep enough fuel in the tank to reach alternative gas stations in the “rare cases” where fuel is not available on the first visit.

Read more

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How ABA’s Opinion is Changing the Landscape of Alternative Business Structure https://utahbbq.org/how-abas-opinion-is-changing-the-landscape-of-alternative-business-structure/ Wed, 22 Sep 2021 22:14:00 +0000 https://utahbbq.org/how-abas-opinion-is-changing-the-landscape-of-alternative-business-structure/
By Hilary Gerzhoy and Deepika Ravi (September 22, 2021, 6:14 p.m. EDT) – Until recently, the American Bar Association and virtually all states except the District of Columbia have relinquished ownership of law firms. ‘lawyers by non-lawyers, called alternative cases. structures, or ABS. One of the practical effects of this resistance has been a series of obstacles for a law firm wishing to expand its practice.

On September 8, the ABA Standing Committee on Ethics and Professional Responsibility released Formal Opinion 499, loosening the reins and following a recent trend in Arizona and Utah.

The formal opinion, entitled “Passive investment in alternative business structures”,[1] believes that a lawyer can passively invest in a …

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States with the most new small businesses per capita | Multimedia https://utahbbq.org/states-with-the-most-new-small-businesses-per-capita-multimedia/ Tue, 21 Sep 2021 18:30:00 +0000 https://utahbbq.org/states-with-the-most-new-small-businesses-per-capita-multimedia/

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Fall could relieve house hunters of more than the heat | Smart change: personal finances https://utahbbq.org/fall-could-relieve-house-hunters-of-more-than-the-heat-smart-change-personal-finances/ Tue, 21 Sep 2021 12:55:21 +0000 https://utahbbq.org/fall-could-relieve-house-hunters-of-more-than-the-heat-smart-change-personal-finances/

Check your credit report for errors

If you’re buying a home, you probably need a mortgage, which means lenders will check your credit report and score.

Making sure there are no errors on your credit report that could affect your chances of qualifying is an important first step. “In most cases it’s something small, but sometimes it’s huge,” says Kroger Menzer, real estate agent at Coldwell Banker at Southern Jordan, Utah, who worked for a mortgage lender.

Menzer knows this from experience, as he found out that he was listed as dead on his credit report. “It turns out that no one is going to lend you money when you’re dead,” he says.

You can request a free copy of your credit report from one of the three major reporting bureaus – Experian, Transunion, and Equifax – annualcreditreport.com. You can access one free report each week until April 2022. (Normally you are entitled to one free report per office per year.)

If your credit score is low for legitimate reasons, such as high balances on your credit cards or because you don’t have a long credit history, you can take steps to improve your score. Paying off unpaid debts, keeping your credit usage low, and making payments on time can boost your score. If you have serious credit problems, such as a history of late or defaulted payments, a credit repair company you may be able to help you increase your score.

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How the United States Aided and Hindered the Flight of Afghan Journalists https://utahbbq.org/how-the-united-states-aided-and-hindered-the-flight-of-afghan-journalists/ Mon, 20 Sep 2021 01:30:06 +0000 https://utahbbq.org/how-the-united-states-aided-and-hindered-the-flight-of-afghan-journalists/

On August 20, Joel Simon, the head of the Committee to Protect Journalists, and Mr. De Dora met via Zoom Uzra Zeya, the Under-Secretary of State for Civil Security, Democracy and Human Rights. man. They said they left the meeting convinced that the United States would do nothing to help them.

They sought help elsewhere and the same day met the deputy director of the Qatari government’s communications office, Sheikh Thamer bin Hamad Al Thani. Al Thani asked for a list of Afghan journalists he considered most at risk, then said a convoy should assemble in a safe place near Kabul airport. On August 23, the Qatari ambassador to Afghanistan drove 16 journalists and their families from the safe house to the airport. They flew to Doha the next day. Many of the other journalists on the list are still in Afghanistan.

“We didn’t see any policies here,” Mr. Simon said of the US government’s role in the evacuation. “Our experience has shown that powerful media organizations are able to leverage their own connections and use their own resources,” he said.

Others involved in the rescue efforts have had similar experiences, finding official U.S. government channels unnecessary at best and a hindrance at worst.

The leader of a rescue effort spoke to me on condition of anonymity to reveal details of sensitive relations with the State Department. On August 29, this group leader emailed a State Department official telling him he was ready to send 181 people, including Afghan journalists, out of Mazar-i-Sharif, a town in northern Afghanistan.

The group, whose charter was paid for by the Facebook Journalism Project, according to the email and a Facebook official, had obtained approval from the airline operating the flight, Kam Air, as well as the United Arab Emirates, where the plane would land. , and Mexico, the ultimate flight destination.

The group had also gotten the nod from the Taliban, according to the email, which was shared to me, but that approval came on condition that the US government approve the plan.

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If former State Representative Mike Noel builds a golf course in the desert, will they come? https://utahbbq.org/if-former-state-representative-mike-noel-builds-a-golf-course-in-the-desert-will-they-come/ Sat, 18 Sep 2021 12:01:53 +0000 https://utahbbq.org/if-former-state-representative-mike-noel-builds-a-golf-course-in-the-desert-will-they-come/

Editor’s Note This story is only available to Salt Lake Tribune subscribers. Thank you for supporting local journalism.

If you build a world class golf course in the southern Utah desert, will they come?

This is the $ 10 million bet that Kane County Water Conservation District hope to invest with other people’s money.

Led by retired Republican lawmaker Mike Noel, the Water District plans to build a luxury course outside of Kanab – where few residents seem interested in losing $ 100 or more on a round of golf – to attract even more tourists to Kane County.

Earlier this summer, Noel convinced the Utah Community Impact Board, or CIB, to authorize a low-interest $ 10 million loan to fund his golf dreams, but Proposal has many obstacles to overcome. Before that money is released and the project can move forward, Noel must partner with Kane County to manage the golf course and with the state, which owns half of the 200 acres that Noel has. proposed for the project.

Now, the Kane County River Basin District is competing for this land with at least two other development proposals, submitted last month to the Utah School and Institutional Trust Land Administration, or SITLA.

But such uncertainties do not prevent the small rural hydraulic district from embarking on luxury golf. Last year he paid $ 75,000 to a world famous golf architect David McLay Kidd develop preliminary plans for a route along the shores of the district’s Jackson Flat Reservoir. It’s money well spent, according to Noel.

(Francisco Kjolseth | The Salt Lake Tribune) Representative Mike Noel, R-Kanab, center, in 2016.

Noel retired from the Utah legislature in 2019 after spending 16 years in the House, where he was a major influence on public land issues, lobbied for the transfer of these lands and associated roads to the state, defended the Lake Powell pipeline project, and led opposition to national monument designations.

A former member of the Bureau of Land Management, he operates a ranch in Johnson Canyon, where the controversial pipeline is said to discharge 4,000 acre-feet of water.

“We are in the process of making the transition across southern Utah to a tourist community. This is what we do, whether we like it or not, ”Noel told CIB at its July 1 meeting. “So we are trying to be one step ahead of this project.

The rare profitable golf course?

While most public golf courses require substantial grants, Noel argues that his would pay for itself by attracting thousands of discerning high-end golfers to stay in Kanab for a few days. So even if the green fees don’t cover all operating expenses, these big spenders will leave enough money in Kanab – a tourist economy town in the heart of southern Utah’s national parks – for the investment. worth it.

That’s a lot of wishful thinking, critics say, who argue that the golf course represents a misuse of public money and resources.

“It is unwise to spend more than $ 10 million of our public revenue to build infrastructure that few people in our community will use,” said Sky Chaney, a Kanab resident, who heads a local taxpayer association. “The construction of this project will prevent the construction of other projects that will further benefit the residents of our community. “

(Kane County Water Conservancy District) A render produced by architect David McLay Kidd provides a preliminary design for a luxury 18-hole golf course retired Utah lawmaker Mike Noel is looking to build outside of Kanab .

Chaney also doubts Noel’s golf course attracts enough golfers to afford it. Not only is Kanab difficult to access compared to other destinations near St. George, he noted, but its summers are hot and winters cold.

“Most serious golfers are careful to choose courses where access is not difficult and the weather is good for golfing,” said Chaney. “Kanab is not an ideal place for either of these two requirements.”

In a survey of county residents commissioned by the Taxpayers Association, 93% of those polled said they oppose the use of public money and local water to be used on a course. luxury golf.

A green island in a red desert

Critics are also unhappy with the planting of water-guzzling greens and fairways in a desert at a time when Utah’s water resources are drying up in the face of an unrelenting drought. But Noel says the course would be irrigated with 319 acre-feet of water that would otherwise go onto the alfalfa fields.

“None of these waters is culinary water. The diversion point is on Kanab Creek. It’s below the area where all of the city’s water is taken, ”Noel said. “It’s not just a golf course. It’s also a very, very sophisticated design course to save water as much as possible.

The Utah CIB distributes millions in grants and loans from a revolving fund funded by federal mining revenues. By law, this money must be spent on projects in the communities where these revenues are generated for projects intended to mitigate the impacts associated with mining.

Impact board staff warned the board that Noel’s loan request did not match CIB’s mission, but the board approved it after hearing Noel’s speech.

“It seems to be a project that is well outside a water development mission. In reality. I’m not sure this is the right entity to apply for a golf course, ”CIB staff member Candace Powers told the board. “Golf courses don’t necessarily generate income and, in fact, are very expensive to maintain. “

(Kane County Water Conservancy District) Retired Utah Lawmaker Mike Noel proposes to build a luxury golf course at this site outside of Kanab on state-owned land next to Jackson Flat Reservoir. In his role as director of the Kane County Water Conservation District, he obtained approval for a $ 10 million loan from the Utah Community Impact Board to build the course designed by David McLay Kidd.

Impact dollars typically fund basic facilities and infrastructure, such as upgrading roads, public safety equipment, sewers, and building prisons. CIB has embarked on economic development projects in recent years, resulting in controversy and at least one lawsuit.

The only golf course the CIB has ever funded before is at Emery County’s Millsite State Park outside Ferron, according to Powers.

Focus on an influx of tourists

At the July meeting, CIB unanimously agreed to grant the water district a loan of $ 10 million over 30 years at an interest rate of 1%. Noel said the repayment money would be tied to Kane County’s Transitional Room Tax (TRT) revenues, so if the golf course’s revenues were not enough to pay off the loan, the district could fall back on this solid revenue stream from hotel stays.

In other words, federal money funds the project and a tourist tax reimburses it. Under this plan, Kane County taxpayers and water taxpayers are not affected. Unless, of course, golfers don’t show up to play in sufficient numbers and the county has to bail out the golf course.

It won’t be a problem, Noël assured CIB. District consultant Z. Gordon Davidson conducted a market analysis that predicts the price will accommodate 18,000 turns in the first year and stabilize at 25,000 turns in the fourth year. At $ 100 per spin, the net operating income at this level of play would be $ 802,000.

Noel told CIB that Kane County was participating in the project as a partner and that the county commission had approved the use of TRT’s income to the tune of $ 350,000 per year to repay the loan. This is the amount the district would have to pay to repay a $ 10 million loan at 1% interest, he said.

Noel also claimed that district attorney Rob Van Dyke, who is also the elected attorney for Kane County, drafted an interlocal agreement regarding the governance of the golf course.

“In the agreement, there would be a council. The board of directors would be composed of members of the [Kanab] City Council, the [Kane] County Commission, ”Noel told CIB. “The departmental commission wants it. That’s what they told us. They want to be the engine of the recreational part. “

All of this came as news to the Kane County Commission, which published a letter to the public clarify where it is now.

County Kane is still on the fence

In a recent interview, Commissioner Brent Chamberlain said Kane County had just started doing due diligence and was a long way from committing TRT revenue for the golf course or even participating in as a partner. He also said he had not seen any draft interlocal agreements and did not expect the county to complete an independent analysis.

“There is no agreement between the county and the water district at the moment,” he said. “It’s a bit premature. In fact, it is premature to say that it is done and that the county will support it. If it all comes back and says it’s a worthwhile thing to do, we can do it, but it hasn’t happened.

He warned that the water district’s market analysis “paints a pretty rosy picture” and the county needs to conduct a separate study. His hope is that the course doesn’t require a cent of TRT money to pay off the CIB loan, let alone the $ 350,000 per year that Noel is looking for.

“It would be nice if he could support himself,” Chamberlain said. “Is part of the equation economically viable? Would he be able to stand on his own feet? Would he get to that point, hopefully soon enough, where he wouldn’t demand those kinds of payments from the county? “

All of these questions will be moot if the school trust land managers decide to partner with someone else to develop the land. These officials are required by law to seek the maximum financial return on the 3.4 million acres they oversee, which in this case may not be a golf course.

After Noel looked to lease the 100-acre parcel, SITLA went looking for better deals, according to Kyle Pasley, property manager at SITLA’s St. George office. Two proposals were submitted by the September 1 deadline and are currently under review.

“We review them through our board of directors and our real estate committee,” Pasley said. “A decision will be made based on what is in the best financial interest of the [school] confidence.”

SITLA’s board is expected to select a winner at its November 18 meeting.

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“Fintech” industry: is it there to help you or to eat you alive? https://utahbbq.org/fintech-industry-is-it-there-to-help-you-or-to-eat-you-alive/ Sat, 18 Sep 2021 00:31:29 +0000 https://utahbbq.org/fintech-industry-is-it-there-to-help-you-or-to-eat-you-alive/

Would you share the complete record of your personal banking transactions and purchases if this turned out to be the best way to get a new loan?

Utah is home to a host of emerging financial tech or fintech startups that are creating a host of new options for consumer and business financial services that were once the exclusive purview of the traditional banking system.

But the same data access that has helped revitalize the FinTech industry and led to new options for, say, consumers who need to borrow money but don’t have a credit history. or small business owners who don’t qualify for regular banks, has a side too.

These questions, and many more, were explored at the University of Utah’s inaugural Fintech Summit on Friday.

Utah Senator Mitt Romney joined Taylor Randall, the new President of the United States and former Dean of the David Eccles School of Business in the United States, for a conversation to open the hybrid live / broadcast event .

Romney spent years in the private equity world before leaving in 1999 to oversee the 2002 Winter Olympics in Salt Lake City. He noted how different today’s financial industry is and that high-risk companies, like tech startups, that once struggled to find access to capital were playing by a new set of rules.

“The money for early stage, high risk businesses was not available,” Romney said. “Now the funds available far outweigh the opportunities to apply those funds in a meaningful way.”

And new “fintechs” are finding ways to connect their clients to these funding sources through avenues that traditional institutions simply couldn’t or wouldn’t want to follow.

University of Utah President Taylor Randall, left, listens to Senator Mitt Romney of the Utah GOP during a discussion at the inaugural Fintech Summit at the Garff Executive Education Building at the University of Salt Lake City on Friday, September 17, 2021.
Scott G Winterton, Deseret News

A little-known principle of the ten-year-old Dodd Frank Wall Street Reform and Consumer Protection Act, a massive piece of legislation designed to help address vulnerabilities exposed by the Great Recession, gave American consumers the right to access their financial and banking information in a machine-readable format.

Consumers can now grant access to their personal account to potential “fintech” lenders, who typically use an algorithmic approach to assess deposit history, spending, savings, and more. of the applicant to determine the creditworthiness of the loan. Everything happens through a smartphone app and can be accomplished in a matter of minutes.

Supporters say it’s a boon for those who don’t have access to traditional banking institutions, are members of marginalized communities, or simply don’t have a sufficient credit history to qualify under traditional banking requirements. And it’s an approach that works like a meritocracy in helping to elevate inclusion and reduce the racial / ethnic and socio-economic biases that have been exposed in some traditional banking practices.

But University of Utah law professor Chris Peterson, who attended a summit roundtable on FinTech regulatory issues, said all data can also be used as a weapon against people. even who are looking for alternatives to traditional banks because of their situation.

“I’m really worried about the alternative data being used not only to determine who has access to credit, but how to market to people… when they’re most vulnerable,” Peterson said. “Some of these loans I’m really concerned about that aren’t that good for people, and you have some sort of alternative data that determines when they’re most vulnerable, when they’re most likely to make a bad decision. . “

Peterson said a bad fintech player could, through authorized access to a client’s account data, determine when that person is typically in the greatest financial difficulty, such as right before their regular paycheck, and target them. with an online ad or e-mail offer that may come with an exorbitant interest rate or imbalanced repayment terms.

Utah Bankers Association President Howard Headlee noted that federal lawmakers and regulators have been working on ways to eradicate prejudice and inequalities in banking practices through efforts such as the Credit Act for equal opportunities and the law on community reinvestment. The challenge now is to apply these regulatory guidelines to the world of big data, machine learning and fintech artificial intelligence.

Even as regulators scramble to catch up with innovations emerging from the fintech sector, these startups are proliferating and in many ways creating greater access to credit and capital for individuals and businesses and, by default, pushing forward traditional financial institutions to do their own innovation.

A panel of fintech industry representatives at the top included Kristy Kim, co-founder and CEO of Tomo Credit.

Kim said she was inspired to start her own business when she ran into problems as a young professional who, although she worked as an investment banker in San Francisco, was unable to get a car loan because of a limited credit history.

“I had bank accounts and income. However, I didn’t have a credit score, ”Kim said.

Tomo, Kim said, uses access to applicant account data to determine creditworthiness and doesn’t bother pulling FICO credit scores. And, she says, applicants can be approved for credit limits of up to $ 10,000 in a process that typically takes about two minutes.

Square is a fintech company launched in 2009 to, according to the company, help small businesses participate in the economy. It offers a range of services that include helping customers launch websites and process online payments, manage in-person payment systems, market products and services, and manage employee payroll. It also provides financial services to its participating businesses, including issuing business loans through a financial services subsidiary.

Square Financial Services CEO Lou Goodwin said his company’s average loan size is around $ 6,000 to $ 7,000, and the funds are typically used by small business owners to solve problems. immediate and real, such as repairing or updating equipment or resolving short-term funding issues.

His company assesses credit applicants based on their business transaction data. The process, Goodwin said, is accomplished using machine learning and artificial intelligence tools managed by scientists and engineers and is independent of the underlying company or person applying for the loan. .

He noted that this is also a method which, by structure, leads to more equitable results for its clients.

“It’s all about economic empowerment,” Goodwin said. “Bringing underserved, neglected or just plain unprofitable people into the banking world” for the traditional banking sector.

And to put the influence of emerging fintechs into perspective, the Economic Times recently reported that Square was worth $ 113 billion, more than Europe’s most valuable bank, HSBC, currently valued at around $ 105 billion.

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A strange and exciting journey to the Toronto International Film Festival https://utahbbq.org/a-strange-and-exciting-journey-to-the-toronto-international-film-festival/ Fri, 17 Sep 2021 19:17:01 +0000 https://utahbbq.org/a-strange-and-exciting-journey-to-the-toronto-international-film-festival/

“Do you want to go to the orchestra?” Whispered a voice from the darkness.

I was at Toronto International Film Festival and, a few moments earlier, I had just realized that I was the only festival-goer in the very large and very empty balcony. Normally, this 2,000-seat theater, the mainstay of the festival, is full of enthusiastic participants. But normal is so much 2019 as are the crowds. I felt terribly alone up there with just me and a few ushers so I said Sure! and ran towards the orchestra, settling in among other participants who, maybe like me, were trying to feign a sense of oneness – at a distance from Covid, of course.

One of the biggest film events in the world, the Toronto Film Festival celebrated its 46th anniversary this year and, darker, its second year of performing during the pandemic. On many levels, it was a success: although on a small scale compared to its pre-plague days, the festival, which ends on Saturday, has presented some 200 films, in person and digitally, from around the world. There were previews, signs and lots of “Have a nice day!” Masks. Staff. Benedict Cumberbatch – Jane Campion’s star “The power of the dog” and Will Sharpe’s “Louis Wain’s electric life”- went via satellite to chat.

It was much the same, yet profoundly different. More than anything, as I attended films in the festival’s strangely depopulated cinemas – seated in theaters that under Canadian safety regulations could not exceed 50% of their capacity – I was reminded that a film festival is not just a returning series of new films. They are also people, gathered, and usually stuck together, like one under the cinematic groove. There’s always vulgarity, of course, the posing on the red carpet, the hustle and bustle of the Oscar race, and I’ve seen plenty of secular monstrosities in Toronto, Sundance, et al. But even when movies disappoint, I’m always happy at a festival, watching alongside people as crazy about movies as I am.

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Accused Manahawkin, NJ, gangster arrested in New York Mafia crackdown https://utahbbq.org/accused-manahawkin-nj-gangster-arrested-in-new-york-mafia-crackdown/ Fri, 17 Sep 2021 00:30:03 +0000 https://utahbbq.org/accused-manahawkin-nj-gangster-arrested-in-new-york-mafia-crackdown/

An 83-year-old Ocean County man was arrested Tuesday along with a dozen New Yorkers in a federal crackdown on Mafia organized crime.

Benjamin “Benji” Castellazzo, of Manahawkin, is charged with illegal activities as the deputy head of the Colombo criminal family, federal prosecutors have said.

Accused crime family head Andrew “Mush” Russo, 87, of Long Island, was arrested and charged with racketeering, while accused consigliere Ralph DiMatteo, 66, also from Long Island, was still at large on Tuesday. .

Colombo crime family members and associates from La Cosa Nostra and organized crime family member Bonanno charged with various illegal activities including labor racketeering, attempted extortion and extortion , as well as money laundering conspiracy.

A 19-count indictment was unsealed in federal court in Brooklyn on Tuesday, against 13 men and one woman.

The rest of the list of defendants, all from New York, is as follows:

– Vincent “Vinny Unions” Ricciardo, 75, Franklin Square
– Richard Ferrara, 59, Brooklyn
– Theodore “Teddy” Persico, Jr., 58, Brooklyn
– Michael Uvino, 56, Garden City
– Thomas Costa, 52, West Islip
– Domenick Ricciardo, 56, Place Franklin
– John “Bazoo” Ragano, 59, Franklin Square
– Joseph Bellantoni, 39, Massapequa
– John Glover, 62, Queens
-Vincent Martino, 43, Medford
– Erin Thompkins, 53 Franklin Square

Ragano, an accused member of the Bonanno crime family, has been charged with loan sharking, fraud and drug trafficking offenses.

Those arrested are all charged with a “long-standing ruthless model” of arming a union and plotting to use the union’s health-care program to steal and launder supplier contract funds, the US prosecutor said by interim for the Eastern District of New York. Jacquelyn Kasulis.

The accused Mafiosi have also been involved in exorbitant credit theft, money laundering and fraud, as well as drug trafficking, Kasulis said.

Among the evidence gathered, federal prosecutors cited a “recorded consensual conversation” on June 21, in which Vincent Ricciardo threatened to kill a man known as “John Doe 1” if he did not listen to speeches. requests.

“I’m gonna put him in the ground right in front of his wife and kids, right in front of his shitty house, you laugh whatever you want buddy, I’m not afraid to go to jail, let me tell you something , to prove a point? I wanna shoot him right in front of his wife and kids, call the police, damn it, let me go, how long do you think I’ll last anyway, “said Vincent Ricciardo, according to prosecutors.

He was arrested in North Carolina and arraigned in federal court in Charlotte, while the others were brought to justice by video conference in federal court in Brooklyn.

“The underbelly of criminal families in New York is alive and well,” FBI Deputy Director Michael Driscoll said in a written statement, adding that history is repeating itself.

“These soldiers, consiglieres, under bosses and bosses are obviously not history students, and do not seem to understand that we are going to catch them.”

WATCH: Here are the pets banned in every state

Because the regulation of exotic animals is left to the states, some organizations, including the Humane Society of the United States, are advocating for standardized federal legislation that would ban the possession of large cats, bears, primates, and large snakes. poisonous as pets.

Read on to see which animals are banned in your home country, as well as across the country.

The best outdoor beer gardens at breweries in NJ

There are more options than ever to enjoy Garden State craft beer in an outdoor setting.

New Jersey tied for first place (with Kentucky) with 43% growth in the craft beer scene from 2015 to 2019, according to C + R research.

What follows is a roundup of the state’s breweries with quaint, dedicated outdoor seating if the weather permits.

25 real crime scenes: what do they look like today?

Below, find out where 25 of history’s most infamous crimes took place – and what the locations are for today. (If they remained standing.)

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Atlanta star sentenced to 17 years for PPP loan fraud https://utahbbq.org/atlanta-star-sentenced-to-17-years-for-ppp-loan-fraud/ Thu, 16 Sep 2021 18:42:17 +0000 https://utahbbq.org/atlanta-star-sentenced-to-17-years-for-ppp-loan-fraud/

Maurice Fayne, known as Arkansas Mo, defrauded more than $ 2 million at United Community Bank. He must pay more than $ 4 million in restitution.

Maurice fayne, also known as the Arkansas Mo, which once featured on Love and hip-hop: Atlanta, was sentenced to 17 years and six months in federal prison for paycheck protection program fraud.

According to The Atlanta Journal-Constitution, Fayne ran a multi-state program that defrauded more than 20 people over seven years. He told investors he was going to use their money to run a trucking business. However, according to investigators, Fayne used the money to fund his extravagant lifestyle.

His latest fraudulent act involved asking for a loan of $ 3.7 million for his trucking company, which he said had 107 employees and a monthly payroll of $ 1,490,200.

Maurice Fayne (above), who previously appeared in “Love and Hip Hop: Atlanta,” was sentenced to 17 and six months in federal prison for paycheck protection program fraud. (Photo: Instagram)

“Fayne planned to use the P3 program as a cover for his long-standing Ponzi scheme,” the acting US prosecutor said. Kurt Erskine Recount AJJ in a statement sent by email. “The funds provided by the program are serving as a lifeline for many businesses desperately trying to stay afloat during the pandemic, and sadly, its fraud has helped deplete those precious dollars. “

According to the federal government, Fayne used the loan money for improper purposes. He started a new business in Arkansas for $ 907,000 and spent $ 230,000 to pay associates, who helped him run his Ponzi scheme. He also spent $ 136,000 to lease a Rolls-Royce.

Investigators also found that Fayne spent $ 85,000 on personalized jewelry, $ 65,000 on cash withdrawals and $ 40,000 on overdue child support.

In addition to his lengthy sentence, Fayne was also ordered to pay $ 4,465,865.55 in restitution.

“This sentence should mean that the FBI and our federal partners will investigate anyone who diverts federal emergency aid intended for companies that need it to stay afloat,” Chris hacker, FBI Atlanta special agent, said AJJ. “We will not tolerate anyone driven by personal greed to pocket US tax dollars that should go to those in need.”

Gavel Money thgrio.com

(Photo: Adobe Stock)

As Previously reported, Arkansas Mo was featured on the show as the fiance of Karlie Redd.

Fayne got the loan under the name Flame Towing, his entrepreneurial business. He requested a loan of $ 3,725,500 to “retain workers and maintain payroll or make mortgage interest payments, lease payments, and utility payments, as specified in the Workforce Protection Program rule. pay checks ”.

He eventually received over $ 2,000,000 from United Community Bank.

The paycheck protection program was part of the Coronavirus Aid, Relief and Economic Security Act – or the CARES Act. It was created to help small businesses pay their employees and keep their business going during the coronavirus pandemic that has kept much of America in its grip.

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The post office Former ‘Love & Hip Hop: Atlanta’ Star Sentenced To 17 Years For PPP Loan Fraud appeared first on The Grio.

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