Million

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

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Digital Insurtech Company Next Insurance Raises $250 Million

  • Leading digital insurtech company Next Insurance announced that it has raised $250 million in Series D financing led by CapitalG

Leading digital insurtech company Next Insurance announced that it has raised $250 million in Series D financing led by CapitalG (Alphabet’s independent growth fund) with participation from FinTLV and existing investor Munich RE Group. CapitalG Partner Sumiran Das will join the Next Insurance Board of Directors.

Including this round of funding, Next Insurance has now

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Top Trump official Seema Verma ‘abused’ government rules by spending $3.5 million in taxpayer money to boost her own profile, according to a congressional investigation



Deborah Birx et al. looking at the camera: Seema Verma, Centers for Medicare and Medicaid Services Administrator Jim Watson/AFP via Getty Images


© Jim Watson/AFP via Getty Images
Seema Verma, Centers for Medicare and Medicaid Services Administrator Jim Watson/AFP via Getty Images

  • Seema Verma, the Centers for Medicare and Medicaid Services chief, “abused the federal contracting process” and “wasted millions of taxpayer dollars,” according to a new congressional investigation. 
  • Verma paid a team of expensive media consultants to help her land high-profile interviews, meet with journalists and lawmakers, and craft written materials. 
  • In one instance, Verma paid
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An estimated 9 million low-income Americans are eligible for stimulus checks but haven’t gotten them yet

An estimated 9 million Americans who make less than $12,000 a year may be eligible for pandemic relief checks but haven’t received them yet, and the clock is ticking if they want to get the money this year.

They have until Oct. 15 to claim the payment by registering with the Internal Revenue Service. If they fail to meet the deadline, they’ll have to wait until 2021 to get the payment, according to the IRS.

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Jobs App for Poor Indian Workers Gets $8 Million From Investors

(Bloomberg) — Apna, an app startup that aims to connect millions of bottom-of-the-pyramid workers to employers amid the devastation of India’s lockdown, has raised $8 million from a clutch of investors. The funding, from new investors Greenoaks Capital, Rocketship VC as well as existing backers Lightspeed India and Sequoia Capital, will help the app expand to more cities, the Indian firm said in a statement published Tuesday. It also wants to grow across verticals such

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Citigroup Gets Freeze on Brigade Money in $900 Million Error

(Bloomberg) — Citigroup Inc. scored a temporary court order freezing $175 million that Brigade Capital Management LP declined to return after the bank accidentally transferred more than $900 million to Revlon Inc. lenders.



a close up of a sign: The silhouette of a pedestrian holding a mobile device is seen walking past a Citigroup Inc. bank branch in San Francisco.


© Photographer: David Paul Morris/Bloomberg
The silhouette of a pedestrian holding a mobile device is seen walking past a Citigroup Inc. bank branch in San Francisco.

The order followed a hearing Tuesday in which the bank and the hedge fund faced off

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