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Savings Interest Rates Hit Rock Bottom Just as Americans Stash Away More Cash
The coronavirus crisis has Americans hoarding more money than ever and earning less on it.
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Banks Will Collect More Than $30 Billion in Overdraft Fees This Year. Here's How to Avoid Them
In March, federal regulators encouraged banks to waive overdraft fees amid the pandemic. Instead, the average penalty has reached a record high of $33.47.
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FBI: Cybercrimes on the Rise Because of Sophisticated Scams
In 2015, $220 million was lost to wire fraud in the United States. In 2019, losses will surpass $1.5 billion, according to WFG National Title Insurance Company. In the past, attempts to trick people were often clumsy, FBI agents told journalists on Friday. Now they can be sophisticated. If people are asked via email to transfer money under a deadline,...
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Woman Accused of Lying About Cancer to Scam GoFundMe and Facebook Donors Out of More Than $10K
A Chester County woman is accused of pretending to have cancer, impersonating a doctor and nurse and even lying about her own father dying in an elaborate scheme to steal thousands of dollars from donors on GoFundMe and Facebook.
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Giuliani Associates Plead Not Guilty in Campaign Finance Case
Two associates of Rudy Giuliani pleaded not guilty on charges they used straw donors to make illegal campaign contributions to politicians and committees to advance their business interests.
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Woman Pleads Guilty to Fraud for Embezzling $400K
A Connecticut woman has pleaded guilty to embezzling more than $400,000 from her employer.
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NASA Astronaut Accused of Hacking Ex-Wife's Bank Account From Space
A NASA astronaut is accused of hacking her estranged spouse’s bank account from space. Astronaut Anne McClain allegedly accessed the bank account of Summer Worden, while aboard the International Space Station this year, according to NBC affiliate KPRC in Houston. The two women are in a custody battle over a 6-year-old son who was conceived through in vitro fertilization and...
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The Apple Credit Card Is Here
The Apple credit card designed primarily for mobile use is here. Some iPhone users who requested a notification about Apple Card will get invites Tuesday to apply through Apple’s Wallet app. The company plans to expand sign-ups more broadly in coming weeks. The card, announced in March in partnership with Goldman Sachs, is available only in the U.S. The company...
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He Got the FBI to Test ‘Bigfoot' Hair in the 1970s — and This 93-Year-Old Man Is Still Searching for Sasquatch
Yeti persisted. An Oregon man intent on proving the existence of the mythical creatures known as Bigfoot, Sasquatch, the Abominable Snowman and Yeti in 1976 managed to get the FBI to test hair and tissue samples that he believed might help his case, according to newly released records. “The FBI has analyzed hair in connection with the search for Sasquatch,...
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He Got the FBI to Test ‘Bigfoot' Hair in the 1970s — and This 93-Year-Old Man Is Still Searching for Sasquatch
Yeti persisted. An Oregon man intent on proving the existence of the mythical creatures known as Bigfoot, Sasquatch, the Abominable Snowman and Yeti in 1976 managed to get the FBI to test hair and tissue samples that he believed might help his case, according to newly released records. “The FBI has analyzed hair in connection with the search for Sasquatch,...
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Hotel Investor Claims Trump Evaded Taxes in Panama
The majority owner of a former Trump-branded hotel in Panama alleged in a court filing on Monday that the U.S. president’s company misrepresented finances of the building to evade taxes in the country. A filing in New York federal court by property owner Orestes Fintiklis alleges that President Donald Trump’s hotel management company evaded income and social security taxes...
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Hotel Investor Claims Trump Evaded Taxes in Panama
The majority owner of a former Trump-branded hotel in Panama alleged in a court filing on Monday that the U.S. president’s company misrepresented finances of the building to evade taxes in the country. A filing in New York federal court by property owner Orestes Fintiklis alleges that President Donald Trump’s hotel management company evaded income and social security taxes...
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All Directly Involved in Sri Lanka Attacks Dead or Arrested, Police Say
Two bomb experts were among the suicide attackers who struck churches and hotels on Easter in Sri Lanka and all those directly involved in the bombings are either dead or under arrest, police said. Acting police chief C.D. Wickramaratne also said in a statement late Monday that explosives the Islamic State-linked group stacked for use in more attacks have been...
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Sri Lanka Gov't Was Warned About Bombing Threats: Officials
An extremist group had threatened bombings in Sri Lanka before explosions killed more than 250 people there on Easter Sunday, according to the health minister. he said intergovernmental strife was to blame for the lack of response.
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Home Health Care Aide Stole $22K From Client: Shelton Police
A home health care aide is accused of stealing tens of thousands of dollars from her elderly client in Shelton.
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Naugatuck Police Seek Woman Accused of Using Financial Info Taken During Burglary to Steal Over $50,000
Naugatuck Police are searching for a woman who is accused of participating in a burglary where she took someone’s financial information and then used it to steal thousands of dollars from their bank accounts.
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As Cashless Stores Grow, So Does the Backlash
Cash-free stores are generating a backlash among some activists and liberal-leaning policymakers who say the practice discriminates against people who either lack bank accounts or rely on cash for many transactions.
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New Britain Couple Out $7,200 After Shipping Cash
Chester Clark, Junior fell victim to a cash shipping scheme that put him out thousands of dollars. Now he’s hoping he may be able to get his money back.
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Manafort ‘Blames Everyone' But Himself: Prosecutors
Former Trump campaign chairman Paul Manafort has not shown remorse or taken responsibility for his crimes, federal prosecutors said in a court filing two days ahead of his sentencing hearing. Prosecutors with special counsel Robert Mueller’s office said Tuesday that Manafort “blames everyone from the Special Counsel’s Office to his Ukrainian clients for his own criminal choices.”
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How New Law, Government Shutdown Can Impact Tax Season
Tax season is almost here and this one could be tricky. It’s the first year that taxpayers will be filing under the massive tax law overhaul pushed through by the Trump administration. And a month-long partial shutdown of the federal government threatens to complicate things further for some. Tax filing officially opens for individuals on Monday, Jan. 28. Here’s what...