Advertisement

Stanford financial lab director charged with fraud in disability benefits case

stanford financial lab director charged with fraud in disability benefits case

BEGIN ARTICLE PREVIEW:

SAN FRANCISCO — Federal prosecutors in the Bay Area have filed wire fraud charges against Lawrence Rufrano, an attorney and former U.S. Federal Reserve worker who serves as the executive director of a financial lab at Stanford, court records show.The criminal complaint, filed Oct. 21, alleges that Rufrano concealed his side jobs from disability benefits regulators so that he could receive Social Security Disability Insurance. The complaint alleged Rufrano used his diagnosis with a mental disability to obtain benefits from 2014-19, when they were terminated over his objection.
As part of the benefits agreement, Rufrano was supposed to disclose employment income and his current work status but failed to, the complaint alleges.
“Rufrano concealed his outside employment and continued to receive long-term disability payments…when he was not entitled to those payments,” Federal Reserve Board special agent Alan Hershkowitz wrote in an affidavit attached to the charging records. “Rufrano engaged in, and received significant income from, outside employment without reporting those activities to the Board or the SSA as required.”
The wire fraud charge carries a maximum of 20 years in federal prison, but federal sentencing guidelines would probably recommend a much lower sentence if Rufrano were convicted.
The complaint alleges …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Stanford financial lab director charged with fraud in disability benefits case”

Portland to offer financial help for residents hurt by pandemic

portland to offer financial help for residents hurt by pandemic

BEGIN ARTICLE PREVIEW:

Portland to offer financial help for residents hurt by pandemic – OPB”),r.close()),!r)throw Error(“base not supported”);var a=r.createElement(“base”);a.href=n,r.getElementsByTagName(“head”)[0].appendChild(a);var i=r.createElement(“a”);return i.href=t,i.href}finally{e&&e.parentNode.removeChild(e)}}());var l=i(t||””),f=function(){if(!(“defineProperties”in Object))return!1;try{var e={};return Object.defineProperties(e,{prop:{get:function(){return!0}}}),e.prop}catch(t){return!1}}(),h=f?this:document.createElement(“a”),m=new o(l.search?l.search.substring(1):null);return m._url_object=h,Object.defineProperties(h,{href:{get:function(){return l.href},set:function(e){l.href=e,r(),u()},enumerable:!0,configurable:!0},origin:{get:function(){return”origin”in l?l.origin:this.protocol+”//”+this.host},enumerable:!0,configurable:!0},protocol:{get:function(){return l.protocol},set:function(e){l.protocol=e},enumerable:!0,configurable:!0},username:{get:function(){return l.username},set:function(e){l.username=e},enumerable:!0,configurable:!0},password:{get:function(){return l.password},set:function(e){l.password=e},enumerable:!0,configurable:!0},host:{get:function(){var e={“http:”:/:80$/,”https:”:/:443$/,”ftp:”:/:21$/}[l.protocol];return e?l.host.replace(e,””):l.host},set:function(e){l.host=e},enumerable:!0,configurable:!0},hostname:{ …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Portland to offer financial help for residents hurt by pandemic”

Best small college in every state

best small college in every state

BEGIN ARTICLE PREVIEW:

A big state school with a roaring football stadium and packed lecture halls is not the ideal college experience for everyone. Many degree-seekers prefer the intimate atmosphere of classrooms with less than 10 students, where professors are known by their first names, and there’s no long wait for office hours. Such tiny colleges are prevalent throughout small towns in America, and even in (or on the outskirts of) big cities. Many maintain the idyllic charm of well-manicured quads and gothic buildings, while others can cite the Rocky Mountains or Pacific Ocean beaches as draws to their community.Stacker compiled a list of the best small college in every state using rankings from Niche, released in 2020. In Niche’s 2021 Best Small Colleges, four-year colleges with under 5,000 students were considered. Wyoming is not included because Niche did not rank any small colleges in the state. However, we did include Washington D.C. Each college chosen includes its student-to-faculty ratio, graduation rate, six-year median earnings, and other key data.Plenty of the schools on the list are centered on strong religious beliefs, while others originated from nursing backgrounds or with donations from some of the founding fathers. The benefits offered by these schools …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Best small college in every state”

Indian River BOE hears independent financial audit report at Thursday meeting

indian river boe hears independent financial audit report at thursday meeting

BEGIN ARTICLE PREVIEW:




PHILADELPHIA — At the Indian River Central School District’s Board of Education meeting Thursday evening, members in attendance were presented with a summary of findings from the district’s independent financial audit conducted by Bowers & Company in Watertown.The findings were presented by Laurie Podvin, highlighting important aspects of the complete report from Bowers, a document of more than 100 pages.“This was our first year doing a remote audit, so we just want to extend our appreciation to the business office,” she said. “There was a lot of scanning that had to be done and it was trying at times, so we just want to extend our appreciation to them for that.”According to the audit report, the Indian River district has continued to maximize various sources of grants and funding, resulting in an average tax rate of $3.27 per $1,000 of assessed value and $3.17 per $1,000 of true value — as determined using state equalization rates for those jurisdictions not at full assessment — for the tax year beginning September 2020.These rates include the library tax levy collected annually to support the district’s community libraries. Prior year rates were $3.30 per $1,000 on assessed value and $3.22 per $1,000 on true value. The report stated the district’ …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Indian River BOE hears independent financial audit report at Thursday meeting”

Women need to plan for challenging financial issues

women need to plan for challenging financial issues

BEGIN ARTICLE PREVIEW:




As a woman, I sometimes find myself not wanting to bother with financial planning, insurance and tax returns, just to name a few financial issues. I am married to a CPA, CFP® professional so this makes it easy for me to not get in the weeds on these matters.However, I know I need to be as intelligent as I can be for many reasons. Many, many years ago, I felt I had no clue what insurance policies we had, what they covered, and what they paid out if and when. I even paid the bills but did not know any specifics. So my husband and I sat down and I forced myself to educate myself about our insurance. You hope you wake up to another day, but if something had happened to my husband, I had to have the knowledge to carry on and the insurance would have been a major start. Do you have the right insurance for your needs?We have an older daughter and triplets who are four years younger. They are all “adulting” now, but when they were born, we knew they would be in college at the same time so we needed to plan …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Women need to plan for challenging financial issues”

Desert Financial Credit Union and Arizona Educational Foundation Name 2021 Arizona Teacher of the Year

iam platform login page background

BEGIN ARTICLE PREVIEW:

Sara Wyffels will go on to compete in national competitionPHOENIX, Oct. 24, 2020 /PRNewswire/ — Sara Wyffels, a Spanish teacher at Chandler High School in the Chandler Unified School District is the Arizona Educational Foundation’s 2021 Arizona Teacher of the Year. Sara Wyffels, a Spanish teacher at Chandler High School in the Chandler Unified School District is the Arizona Educational Foundation’s 2021 Arizona Teacher of the Year.Wyffels was selected from the five 2021 Ambassadors for Excellence that were identified by the foundation last month as finalists. The award was announced during the Arizona Educational Foundation’s virtual awards ceremony on Friday, October 23rd.Being a teacher is one of the most fulfilling careers an individual can have because you’re changing lives.Desert Financial Credit Union served as the 2021 AEF Arizona Teacher of the Year Awards presenting sponsor. “Supporting education has been a long tradition of ours, and it was our pleasure to serve as Title Sponsor for the 2021 Arizona Teacher of the Year Award,” said Jeff Meshey, President and CEO at Desert Financial Credit Union. “Teachers have always influenced the future but this year, their adaptability and dedication really cemented their hero status,” he added.A veteran teacher of 14 years, Sara Wyffels teaches Spanish …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Desert Financial Credit Union and Arizona Educational Foundation Name 2021 Arizona Teacher of the Year”

San Bernardino County nonprofits can get financial assistance amid coronavirus pandemic

san bernardino county nonprofits can get financial assistance amid coronavirus pandemic

BEGIN ARTICLE PREVIEW:

San Bernardino County nonprofits are invited to apply for a grant to assist in covering COVID-19 expenses.Inland Empire Community Foundation is accepting grant applications for the San Bernardino County Nonprofit Assistance Fund. Nonprofits could receive up to $20,000 in aid and must provide services in San Bernardino County to be eligible for funding. Applications must be submitted by Nov. 16, 2020.
On Oct. 6, the San Bernardino County Board of Supervisors approved $5 million in financial support to the nonprofit community using CARES Act funding. IECF, which is managing the grant program, will oversee the application and review process, in collaboration with the Inland Empire Funders Alliance. Grant awards will be dispersed directly by San Bernardino County to IECF-approved nonprofits.
“Nonprofit organizations have been playing a critical role in keeping our county moving during this crisis,” said Curt Hagman, chairman of the San Bernardino County Board of Supervisors. “Many families are relying on assistance from nonprofits during these difficult times. This program to reimburse the expenses nonprofits are incurring due to the pandemic will help these organizations continue making a positive impact. We appreciate the partnership with Inland Empire Community Foundation to move this program forward.”
Eligible nonprofits must have less than 50 employees and …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “San Bernardino County nonprofits can get financial assistance amid coronavirus pandemic”

Analysts Have Made A Financial Statement On Northern Trust Corporation’s (NASDAQ:NTRS) Third-Quarter Report

iam platform login page background

BEGIN ARTICLE PREVIEW:

Shareholders might have noticed that Northern Trust Corporation (NASDAQ:NTRS) filed its quarterly result this time last week. The early response was not positive, with shares down 3.4% to US$84.41 in the past week. Revenues of US$1.5b were in line with forecasts, although statutory earnings per share (EPS) came in below expectations at US$1.32, missing estimates by 3.9%. This is an important time for investors, as they can track a company’s performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. Check out our latest analysis for Northern Trust earnings-and-revenue-growthFollowing last week’s earnings report, Northern Trust’s 13 analysts are forecasting 2021 revenues to be US$6.07b, approximately in line with the last 12 months. Statutory per share are forecast to be US$5.98, approximately in line with the last 12 months. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$6.06b and earnings per share (EPS) of US$5.95 in 2021. So it’s pretty clear that, although the analysts have updated their estimates, there’s been no major change in …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Analysts Have Made A Financial Statement On Northern Trust Corporation’s (NASDAQ:NTRS) Third-Quarter Report”

60% of Retirement Savers Who Made This Financial Decision Regret It @themotleyfool #stocks

60% of retirement savers who made this financial decision regret it @themotleyfool #stocks

BEGIN ARTICLE PREVIEW:

According to a report from advisory firm Edelman Financial Engines, 60% of retirement savers who’ve borrowed money from their 401(k) regret the decision to tap those retirement funds. As well, 80% of borrowers say they didn’t understand the implications of the loan prior to accessing the cash. Those implications include a likely reduction in take-home pay, along with missed contributions and lost earnings over time.
If you’re considering a 401(k) loan, minimize the post-transaction regret by estimating the full costs and consequences of the transaction — before you act. Here’s how to do it.
Quantifying taxes and interest on your 401(k) loan
According to a recent Vanguard study, the median 401(k) balance is roughly $22,000. Let’s assume your balance is in line with this median and you want to borrow $20,000 of it. That loan amount is possible, but only in 2020 — coronavirus relief efforts temporarily raised the maximum 401(k) loan amount from 50% of your balance to 100%.

Image source: Getty Images.

First, ask your administrator what fees you’ll be charged for taking out the loan. These may include one-time loan origination fees and annual loan maintenance fees.
Then, dive into the costs of repayment. A common interest rate on these loans is the prime …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “60% of Retirement Savers Who Made This Financial Decision Regret It @themotleyfool #stocks”