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...For example, Japanese technology conglomerate SoftBank’s Vision Fund paid $174mn in late 2019 to acquire a stake from the Peter Greensill Family Trust, according to a report from Greensill Capital’s Australian...
...The Trust essentially retained ownership of the account and could withdraw funds at any time, James’s office added....
...Meanwhile, the Martin Act has become “the most dangerous law” for New York business, by giving NY Attorneys General a perfect weapon for trying cases in the press. This is all leaving a mark....
...“Even sophisticated investors can be conned by fraudsters, especially when personal relationships and networks are used to build a false sense of trust,” she said....
...The risk ‘genius’ pulling the insurance strings In early 2023, Ajit Jain was weighing Berkshire’s exposure to the risk of a devastating hurricane hitting Florida....
...in floodplains where possible, Hannah Perls, a senior staff attorney at Harvard Law School, told me....
...He has said that two mistakes he made early in his career were to do business only with honest people and to trust his gut to identify them....
...Lawyers for Camshaft said the fund “vigorously denies the statements made” in the legal filings by Glas Trust, without elaborating....
...Working in borrowed office space, Black put together a new venture and set out to change the way that insurance companies, pension funds and foreign governments invest the trillions of dollars they control...
...The jury will consider charges brought by Letitia James, the New York attorney-general, against Trump and his co-defendants, including insurance fraud and falsification of business records....
...Earnings from the spread income it gets from managing insurance assets hit a new record in the second quarter....
...a former fund management executive....
...A rule known as Title 42, a pandemic-era policy that allowed US border agents to quickly send migrants back to Mexico instead of processing their asylum cases, is set to expire just before midnight on Friday...
...In addition to higher financing costs, he is also grappling with Florida’s broken property insurance market....
...After the arraignment, which is expected to last no longer than 30 minutes, Trump will fly back to Florida where he is expected to give a speech to supporters at his Mar-a-Lago mansion this evening....
...Of Gold, he wrote, “The notion that a non-profit company could take donated funds and pay them to a principal of the company to invest in a for-profit business is simply absurd.”...
...The next morning, I arrive at a neoclassical business campus called Old Parkland in Dallas....
...This trust fund will serve as the first loans guarantee for the reinsurance of the risks of those operators that’s gonna be providing such a service, such a policy....
...Breit, a private trust, slammed down its gates in early December after a surge of withdrawal requests....
...figures, creating horizontal patterns of so-called “distributed trust”, to use a phrase coined by sociologist Rachel Botsman....
...In August, he barred managers of the state’s $186bn pension fund from considering environmental and sustainability issues when investing. Then there is Florida’s property insurance market....
...’s Sun American Bank and Colorado’s United Western Bank off the Federal Deposit Insurance Corporation’s hands....
...The District of Columbia attorney-general sued him for tax evasion, alleging he’d avoided paying more than $25mn in taxes in the US capital by pretending to live in Florida, when he really resided in Washington...
...It wasn’t the first business Sam Bankman-Fried created. That’s the problem. It creates this hedge fund or this whatever you want to call it, high-frequency trading firm for crypto....
...The fiercely private insurance mogul has until now kept a lower profile than his billionaire peers, whose business dealings have drawn the wary attention of Beijing officials....
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