Posts Tagged ‘Funds’


Porsche faces new $1 bn lawsuit by hedge funds

Several prominent hedge funds, including Greenlight Capital LP and Tiger Global LP, have filed a new lawsuit accusing German automaker Porsche SE of cornering the market in shares of Volkswagen AG, causing more than $1 billion of losses.

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In wake of Rangel’s censure, House members still raise funds for pet causes

House members and their surrogates continue to raise money for their pet causes from companies and lobbyists with business before Congress, even …

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Report: Mets Clubhouse Manager Made Bets, Misused Team Funds

Corine Gatti – AHN Sports Contributor

Queens, NY, United States (AHN) – Long-time New York Mets clubhouse manager Charlie Samuels was caught on wiretaps placing bets through a sports gambling ring, law enforcement officials indicated in published reports. He was suspended by the club indefinitely without pay October 27.

Samuels, 57, was suspended by New York last week during an investigation into a mob-linked gambling ring spearheaded by the Queens District Attorney’s office and the NYPD’s Organized Crime and Control Bureau, the Daily News reported on its website Friday.

The Mets’ travel secretary allegedly told Major League Baseball officials he bet on baseball and other sporting events.

But other sources said authorities taped Samuels making bets on college and pro football games on his personal phone lines and he did not bet on baseball games.

A report also said he used Mets accounts and skimmed money from hotel rooms he ordered for players to pay off gambling debts.

He is also accused of selling team merchandise like autographed bats, balls jerseys without permission from the organization.

The investigation kicked off in 2005 when head groundskeeper Dominic Valila was charged among 36 others in a gambling ring with connections to the Bonanno crime family.

He was charged with taking bets on Mets games.

Authorities started investigating this season after the clubs’ online store needed more player jerseys. When they asked Samuel for some, he said he did not have any despite ordering hundreds of products, including baseballs and bats.

Investigators started following the trail Samuel left when he was operating the Mets’ accounts, the report said.

A source told the Daily News that Samuels was a “spider who sat in the middle of a money web and a man who earned about $80,000 a year, but his tax returns showed him making $600,000 to $700,000.”

Mets spokesman Jay Horwitz would not comment about the investigation.

Article © AHN – All Rights Reserved

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Bulgarian Govt Claims No Nationalization of Pension Funds

Bulgaria’s government has sought to assuage fears that its planned measures for pension reform amount to a nationalization of private retirement funds. The government has suffered severe criticism on part of the business sector, the major bone of contention being its intention to transfer money from the early retirement accounts in private funds to a newly set-up state “early retirement fund.” …

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How Does the Government Offer Grants to People


Creative Commons License photo credit: brndnprkns

Do you want to know about the government grants? Here, let’s talk about it.

Step1
Most government grants are not available year round, therefore,a grant seeker must apply when a particular grant program is announced by a government agency. When funds are made available, the agency places an announcement in the Federal Register, which is published each weekday. Federal grant announcements are also published on agency websites, many of which now allow grant seekers to submit grant applications electronically. In addition, those in search of grant funds can check out the government’s Catalog of Federal Domestic Assistance for more information on specific grants.

Step2 (more…)

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