Fri.Jan 10, 2025

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Founder of Wolf Capital Crypto pleads guilty to $9M fraud

Due

The founder of the cryptocurrency entity Wolf Capital Crypto Trading LLC (Wolf Capital) has pleaded guilty to actions that led to the loss of $9 million to investors. Travis Ford acted as the co-founder, CEO, and Head Trader of Wolf Capital and drove investments mainly in the period between January 2023 and August 2023. The U.S. Postal Inspection Service (USPIS) led the investigation into Wolf Capital and Ford.

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High Yield Credit Outlook: Defaults in Check, Carry in Play

Loomis Sayles Credit Research

1. Whats your overall view of the high yield market as we enter the year? High yield bond investors have enjoyed a good run over the past couple of years, thanks to attractive all-in yields, tightening spreads and broadly stable credit fundamentals. Looking ahead, the fundamental picture continues to look solid, supported by a positive earnings backdrop and a resilient US economy.

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Top A/R & Invoice Management Tips for B2B Companies

Enterprise Recovery

As accounts receivable (A/R) become delinquent, your business expenses could fall behind. With every late-paying client, cash flow for payroll, rent, or other vendors falls short, threatening your company's bottom line and growth. The effectiveness of your A/R department may be one of the most important measurements to determine the success of your business.

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Member Alert: RMAI SEEKS COMMENTS ON PROPOSED CHANGES TO CERTIFICATION PROGRAM

RMAi Blog

The Certification Council is proposing edits to the Receivables Management Certification Program (RMCP). The Council is required to perform a review of certification program standards at least annually to ensure the program reflects evolving industry best practices, input from key stakeholders and communities of interest, areas of Council concern, and recent regulatory and statutory changes.

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Oil Prices are rising. Why?

Due

Last Friday, the US Treasury Department announced sanctions against Russia’s oil industry. An oil sanction is very similar to an embargo, or refusing to purchase a product from a certain seller for various reasons. Treasury Secretary Janet Yellen said “The United States is taking sweeping action against Russia’ key source of revenue for funding its brutal and illegal war against Ukraine.” Yellen believes this will greatly harm the Russian economy, as oil is one of their m

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Employee Spotlight: Advocacy and Community Engagement with Jay

RMAi Blog

In an effort to advance RMAIs advocacy efforts, Jay Singh was brought into the newly created position of Legislative & Public Relations Specialist. Jay Singh, Legislative & Public Relations Specialist. Jay works directly with David Reid, General Counsel & Senior Director of Government Affairs, on things like medical debt, monitoring legislations, and offering ideas on how to advocate to change legislators positions on bills on a widescale level in all 50 states.

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California Wildfire Recovery Resources for Businesses and Individuals

TMC Financing

The U.S. Small Business Administration (SBA) offers low-interest disaster loans to help California businesses, nonprofits, homeowners, and renters recover from the devastating effects of wildfires. These loans provide vital support to repair damages, replace assets, and stabilize operations.

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Disadvantages of Paying Off a Car Loan Early

CreditStrong for Business

Auto debt is at record levels in the United States with Americans owing more than $1.5 trillion on their car loans. A car is a necessity for most people and few people can afford to make a lump sum payment to buy one, so it makes sense that most people turn to auto loans. If you have an auto loan and youre thinking about paying it off early, its important to know both the benefits and disadvantages of paying off a car loan early.

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IRS announces 2025 Tax Season Start

Due

No one enjoys paying taxes, but it’s something we all have to do. The IRS recently announced that January 27th will be the first day of the 2025 tax season where the organization will accept and process tax returns for individuals. Taxpayers can pay at the latest by April 15 in order to avoid penalties and interest. However, the IRS does accommodate for more time for individuals affected by disasters such as the fires in Southern California, as well as the attack on New Orleans.

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How to Get an EIN

CreditStrong for Business

You can apply for an employer identification number (EIN) for your small business directly with the IRS. An EIN is a nine-digit number that identifies your business for tax and credit purposes, along with other reasons. It’s similar to a Social Security number for individuals but is instead for businesses. While getting an EIN is optional for some small business owners, it’s important to have one if you want to build your business credit history.

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Asphalt service president pleads guilty to million-dollar bid rigging

Due

The former president of a Michigan asphalt paving specialist has pleaded guilty to knowingly rigging bids for state contacts. Timothy Baugher, former president of Pontiac-based Asphalt Specialists LLC (ASI), has confirmed that he played a significant role in this conspiracy. Seven senior individuals have pleaded guilty. The Antitrust Divisions Chicago Office and the Offices of Inspectors General for the U.S.

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LA Wildfires Set to Surpass Hurricane Katrina as Most Expensive US Natural Disaster

Due

The ongoing Los Angeles wildfires are poised to become the most expensive natural disaster in United States history, with far-reaching implications for insurance costs nationwide. Current estimates place potential losses at $57 billion as fires threaten some of the country’s most valuable residential properties. Understanding the Scale of Destruction To put the magnitude of these fires in perspective, the recent Lahaina, Hawaii fire caused $13 billion in damages.

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The 10 Best Budgeting Apps for 2025: Stay in Control of Your Finances

Due

With a wide range of budgeting apps available, managing personal finances has never been easier. In 2025, though, these apps will be smarter, more intuitive, and equipped with features customized to meet the financial needs of a wide range of consumers. Whatever your needs, there’s an app for you, whether you’re searching for a way to track daily expenses, save more successfully, or plan your long-term goals.