Coppell man charged with scamming $17 million in PPP money to buy luxury cars and homes

Federal investigators say a Coppell man fraudulently applied for dozens of federal stimulus PPP grants and received more than $17 million that he spent buying real estate and luxury cars such as a Bentley and a Corvette.

A coalition of federal agencies charged Dinesh Sah, 55, of Coppell, with applying for $24.8 million in PPP loans for 15 businesses that claimed to have more than 500 employees, but in fact, many of the businesses were registered after the CARES Act was passed and did not have any employees, according to court documents detailing the indictment.

“Mr. Sah exploited this terrible pandemic for personal gain — and he should be held accountable to the American people for that behavior,” said U.S. Attorney Erin Nealy Cox in a statement. “COVID-19 has devastated the finances of hardworking business owners across the nation. PPP funds should be reserved for those who really need them

Read More

Salon owner, 26, on Jobkeeper shares how she spends her money



a woman posing for a picture: MailOnline logo


© Provided by Daily Mail
MailOnline logo

A 26-year-old beauty salon owner who has been on the JobKeeper allowance since the beginning of the pandemic in Australia in March has revealed how she is spending her cash, and her top budget tricks.

Kirsten Laurie-Rhodes, 26, from Melbourne, said she has had to rein in her spending dramatically since the onset of the pandemic, when her business The Lash Squad was forced to close.

Kirsten told FEMAIL that while she has been lucky to be on JobKeeper payments for several months, the pandemic has forced her to re-think her spending in a big way.

‘I have cut back on so many things including groceries, utility bills, clothes and food delivery,’ she told FEMAIL.

‘I’ve also stopped buying what I don’t need. Prior to COVID-19, I reckon I would throw out at least $40 of groceries per week.’

Read More

Industrial Commercial Properties aims to acquire long-ailing City View Center by end of year

Big changes are afoot at City View Center, a 60-acre failed shopping center that’s been one of Northeast Ohio’s biggest real estate headaches for more than a decade.

Construction workers are stripping decorative facades off long-vacant stores, readying the former Dick’s Sporting Goods, OfficeMax and Walmart boxes for new life. Signs and leasing flyers promote the property as Highland Park, a business park being pitched to light industrial tenants, technology companies and offices.

Industrial Commercial Properties LLC of Solon hopes to acquire City View before the end of the year, in a transaction that will resolve an 11-year-old foreclosure case. Renderings of the reimagined project show renovated buildings with a more muted palette and grassy lawns and sidewalks in place of the parking lot’s rippled driving lanes.

On Sept. 30, the court-appointed receiver who has controlled the property since 2009 asked a federal judge to sign off on an auction

Read More

The most lucrative languages to get a better job and salary in the UK

Speak a second language, or thinking about learning one? You could earn up to 75% more, depending on what you pick.

With many UK companies having international offices, multilingual employees are a precious asset to employers, meaning the financial returns of speaking a second language — especially one in high demand but low supply — can be huge.

Jobs with a pay differential based on how many languages you can speak pay about 20% more to bi- or multilingual candidates, data from Salary.com shows.

However, depending on the language you speak and the sector you work in, being bi- or multi-lingual could boost your salary by a whopping three quarters, according to new research by online educational provider Preply.

Arabic is the most lucrative language in the UK, with speakers benefitting from 74% higher salaries, on average, the study found.

The Arab world is one of the richest nations in

Read More

4 Money Rules You Can Break During the Pandemic

These money rules are a good idea in normal circumstances, but they may not be realistic for everyone right now.

Money rules are a smart way to manage your finances and set yourself up for success in the future. But there’s one problem with these rules: Many of them only work when you’re financially stable. During emergencies that affect your income (like a global pandemic causing widespread unemployment) you could find that you’re not able to follow the same advice as before.

If your financial situation has changed during the COVID-19 pandemic, it may be time to take a break from following these money rules:

1. Pay yourself first

Paying yourself first is arguably the golden rule for personal finance. It works for anyone, but it’s especially helpful for consumers who have trouble with saving. By putting away money for yourself as soon as you get your paycheck, you’ll guarantee

Read More

Stanley Black & Decker Named Winner of the 2020 Reuters Responsible Business Award in the Business Transformation Category

NEW BRITAIN, Conn., Oct. 9, 2020 /PRNewswire/ — Stanley Black & Decker (NYSE: SWK) is the recipient of the 2020 Reuters Responsible Business Awards, honoring leadership in sustainable business. The company was named a winner in the Business Transformation category which recognizes companies that are embracing innovative opportunities to address social and environmental challenges and develop sustainable business models for the future.

“We are honored to be recognized by the Reuters Responsible Business Awards,” said Jim Loree, President and CEO of Stanley Black & Decker. “We believe that corporations have a broader role to play in society, helping to solve the world’s challenges, such as climate change, income inequality and workforce development. At Stanley Black & Decker, our mission is to be a force for good. We are proud to be amongst other leading companies helping to advance progress and ensure the world stays at the forefront of

Read More

Treasurer says budget will include ‘jobs, opportunity, investment’

Treasure Josh Frydenberg says tonight’s budget will be focused on rebuilding the Australian economy and bringing it out of the coronavirus economic slump.

Mr Frydenberg is expected to unveil a new debt ceiling of more than $1.1 trillion, and a deficit in excess of $210 billion, that will take years to recover from.

“Our plan will create jobs,” Mr Frydenberg said from Parliament House in Canberra this morning.



Josh Frydenberg wearing a suit and tie: Treasurer Josh Frydenberg speaks at Parliament House ahead of tonight's Federal Budget.


© Nine News
Treasurer Josh Frydenberg speaks at Parliament House ahead of tonight’s Federal Budget.

“This is all about jobs. It’s all about helping those who are out of a job get into a job. It’s all about helping those that are in work, stay in work.

“Our plan will create opportunity. Our plan will drive investment. Our plan will grow the economy and guarantee the essential services Australians rely on.

“Our plan will see Australia a stronger nation.”

Tonight’s budget is

Read More

Dialysis patient left to fend for himself after Oriental insurance company dithers on settling claim

Srinagar: A dialysis patient has accused a reputed insurance company of dragging its feet on settling his health insurance claim for the last eight months.

Badr Mohiudin, 70, suffers from severe renal disease and was asked by the doctors to undergo regular dialysis.
The patient said he is meeting the expenses of his treatment from his own pocket despite buying a health insurance policy from Oriental Insurance Company.

“My policy number is 262300/48/2020/480. The insurance also covers the expenses for kidney transplant. But they haven’t settled my claim since January. During all these months I have been undergoing dialysis, which costs me over Rs 30,000 a month,” Mohiudin told The Kashmir Monitor.

He said the insurance company has been delaying the process of setting the claim despite completing all the formalities.

“They told me to send some documents, which I shipped through a Blue Dart courier company. What they claim

Read More

Business owner regrets harsh words | Columns

DEAR HARRIETTE: During the quarantine and shutdown, I closed my small nail salon for 10 weeks. I had all the ups and downs, fears and frustrations people talk about. One huge one was based on the fact that we were told to close for two weeks to flatten the curve, but they only picked certain industries.

So while we small businesses complied 100% in the fervent hope of reopening as soon as possible, the big box stores packed in the customers. The garden centers, grocery chains and hardware stores were completely crowded with no regulations, leading to the 10-week shutdown for the rest of us.

Unfortunately, my frustration bubbled over onto a friend when I called to see how she was faring. We have been friends on and off for years. She lives a few towns away and has a similar small personal services business. She reported that she’d found

Read More

Worldwide Industrial Alcohol Market to 2024 – Featuring Cargill, Razen Energia & Green Plains Among Others

The “Industrial Alcohol Market Report: Trends, Forecast, and Competitive Analysis” report has been added to ResearchAndMarkets.com’s offering.

The future of the industrial alcohol market looks promising with opportunities in the personal care products, pharmaceuticals, fuel, food ingredients (excluding beverages), chemical intermediates and solvent industries. The major drivers for this market are increasing demand for bio-ethanol and organic solvents and higher use of alcohol in a wide spectrum of applications.

A report of more than 150 pages is developed to help in your business decisions. To learn the scope of, benefits, companies researched and other details of the industrial alcohol market, then read this report.

The study includes the industrial alcohol market size and forecast for the global industrial alcohol market through 2024, segmented by product type, source, application, and region.

Companies Mentioned

The report includes:

  • Market size estimates: Global industrial alcohol market size estimation in terms of value ($M) shipment.

Read More