According to the Washington Post, the CEO for a sort of “Uber for private investigators” called Trustify was sentenced to 97 months this week for fraud. Questions: What is the CEO’s name and age? Did the company make a profit? Explain. Originally the CEO was sentenced for 9 years. Why was his sentence shortened? How… Read more »
Posts Categorized: Uncategorized
Redemption for Volkswagen
According to the New York Times, executives at Volkswagen made a commitment to electric vehicles that now is paying off after the diesel scandal five years ago. Questions: According to the article, what is the ID.4 and when will it be available to customers? Why did the article say that Volkswagen’s entrance into the electric… Read more »
Ransomware Update
According to Techrepublic.com, cybercriminals have attacked hospitals and other healthcare organizations with double-extortion ransomware attacks during the COVID pandemic. Questions: What is a double-extortion ransomware attack and how many different ransomware variants are now using the double-extortion plot? Why are cybercriminals focusing on hospitals and other healthcare organizations with these even bolder types of attacks?… Read more »
Help is on the way for Student Loans!
According to Benefits Pro, the American Rescue Plan just passed in Congress includes benefits for student loan borrowers and non-borrowers. Questions How do taxes impact student loan forgiveness? When colleges receive their allocations of the financial aid relief package, how should it be used? If you are a small business owner with a defaulted student… Read more »
Working Remotely Causes Tax Problems for Some
According to the New York Times, workers may have to file more than one state tax return, and in certain situations they could end up owing taxes in both states. The details depend on your home state and what state you worked in during 2020. Questions: What type of rules apply? If you end up… Read more »
A New Owner?
According to the New York Times, a New York hedge fund Alden Global Capital may have to fend off a new suitor for Tribune Publishing that owns major metropolitan dailies across the country, including The Chicago Tribune, The Daily News and The Baltimore Sun. Questions Who is the group that may want to control Tribune… Read more »
What’s an NFT?
According to the Washington Post, a digital collage of hundreds of weird, brightly colored images made by a South Carolina artist known as Beeple sold at the prestigious Christie’s auction for $69.3 million. Questions: How does this rank among the highest paid art pieces at auction? What is the collage called? What is an NFT?… Read more »
SEC moves toward ESG disclosure enforcement
According to Accounting Today, the SEC has formed a Climate and ESG Task Force in its enforcement division to identify misconduct in environmental, social and governance reporting. Questions: How are accounting firms putting more emphasis on ESG issues? What initiatives are taking place in the area of standard setting? What has a recent study found… Read more »
Snowbirds are not the only ones seeking the sun!
According to Forbes, firms are leaving California and New York in droves and opting for Florida, where the weather is warmer and taxes are lower. Questions: What are some of the factors leading to this super-charged Florida boom? What specific factors are associated with high density states like New York, Connecticut, New Jersey, Illinois, and… Read more »
Debt backed by Frequent Flyer Programs
According to CNBC, American Airlines is planning to issue $5 billion in bonds and seek a $2.5 billion loan backed by its frequent flyer program to pay back some of its debt used to help survive during the COVID crisis. Questions: How do airlines make money from their frequent flyer programs? What is the loan… Read more »