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Hwang had been convicted in July on 10 criminal charges including wire and securities fraud, market manipulation.Former billionaire investor Sung Kook “Bill” Hwang has been sentenced to 18 years in prison over the collapse of Archegos Capital Management, which cost Wall Street banks more than $10bn. Hwang was sentenced on Wednesday by United States District Judge Alvin Hellerstein in Manhattan, where a jury convicted Hwang in July on 10 criminal charges including wire fraud, securities fraud and market manipulation. “The amount of losses that were caused by your conduct are larger than any other losses I have dealt with,” Hellerstein said…

White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. According to an amended complaint filed this week, Side alleges that Official Partners and its founders Tal and Oren Alexander committed multiple events of default on a $4.6 million promissory note Side extended in April. Side claims the current balance owed is $4.2 million, and the note continues to accrue interest. The balance request includes additional damages for legal fees and a jury trial. The dollar amounts associated with the loan mentioned in the lawsuit, which was filed in October, were previously…

Gautam Adani, chair of Indian conglomerate Adani Group, addresses a gathering during the Vibrant Gujarat Global Summit 2024 in Gandhinagar, Gujarat, India, Jan. 10, 2024.Punit Paranjpe | AFP | Getty ImagesGautam Adani, chair of India’s Adani Group and one of the world’s richest people, was indicted with others on bribery and fraud charges unsealed Wednesday in federal court in New York.Adani and other defendants are accused of paying Indian government officials more than $250 million in bribes to obtain solar energy supply contracts worth more than $2 billion in profits.The 62-year-old and two executives in Adani Green Energy Limited —…

The US has blocked a Gaza ceasefire draft resolution at the United Nations Security Council – the fourth time it has used its veto power during the conflict to shield its ally, Israel.Fourteen of the 15 Council members voted in favour of the draft, which demanded that the war in Gaza “must end immediately, unconditionally and permanently and all remaining hostages must be immediately and unconditionally released”.Deputy US ambassador to the UN, Robert Wood, said the document “abandoned” the necessity for there to be “a linkage between a ceasefire and the release of hostages”.Wood said the proposed resolution would have…

Here comes the bride… on national television? That’s the question, folks. Just a few days ago, Joan Vassos ended her run as The Golden Bachelorette by getting engaged to Chock Chapple. Yes, that’s his real name. Chock Chapple and Joan Vassos on an episode of The Golden Bachelorette. (ABC) “I never in a million years thought I’d feel love like this again,” said Vassos after Chock proposed in Bora Bora on the November 13 finale of the series. Where do things stand now between the couple? So far, so surprisingly good, it seems, as Joan and Chock remain together and…

Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025. Pulse is a recurring column where we ask for readers’ takes on varying topics in a weekly survey and report back with our findings. There’s no question about it: 2024 has been a tough year for a lot of people, especially in the real estate industry. From…

Now I know the winter season is the best time to visit, mostly because of the pleasant weather. Summer in Dubai is supposedly brutal so visiting during the winter season is the move. Rachel Dube Dubai has year-round sunshine, but I now know the best time to visit the city is during the winter, which, according to US News, spans from November to early March.When I went in January 2022, the temperature ranged from 75 to 80 degrees Fahrenheit without any humidity. It was warm enough to enjoy touring and being out and about.The temperature was also perfect when I…

Nigerian cuisine with a twist, live reggae and a bustling market: Here’s where — and how — to experience the British capital’s vibrant and multifaceted Black communities. Source link

Ayesha Curry revealed that transitioning from three to four kids has actually been “very easy.” “I think two to three was a little chaotic for us, and four has been pretty breezy,” Curry, 35, exclusively told Us Weekly while promoting her partnership with Command Brand. “We lucked out and we have a very mild-tempered, sweet little baby.” Ayesha and husband Stephen Curry welcomed son Caius Chai in May. The couple also share daughters Riley, 12, and Ryan, 9, and son Jack, 6. Ayesha noted that every time she has given birth, it has been a different feeling “every single time.”…

Executives at mortgage lenders anticipate a minimum 20% increase in credit reporting costs in 2025 compared to 2024. And the soaring costs will hit as lenders try to dig out from multiple years of financial losses and mass layoffs. In early November, Fair Isaac Corp. (FICO), the company behind the widely used consumer credit-risk assessment methodology, announced an increase in its wholesale royalty for mortgage originations from $3.50 to $4.95 per score. However, this is just one among many credit reporting costs for lenders, who must also absorb additional fees from credit bureaus and tri-merge resellers applied downstream.  Lenders told…