The Platinum Partners saga may have further twists in store.
The New York-based hedge fund has begun liquidating its funds, after the firm’s longtime associate Murray Huberfeld was accused last month of arranging for a $60,000 kickback to be delivered — in a Salvatore Ferragamo bag — to a correctional officers’ union official in exchange for directing the union’s retirement fund investments to Platinum.
Now, Platinum and its chief investment officer, Mark Nordlicht, may face scrutiny as the probe widens, according to a report from the Wall Street Journal.
Platinum’s woes began with the June 8 announcement of bribery charges against Huberfeld and Norman Seabrook, president of the New York City Correction Officers Benevolent Association.
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Prosecutors say that Huberfeld, through an intermediary, arranged for the delivery of the kickback to Seabrook after the union official directed $20 million in union investments into the Platinum Partners Value Arbitrage Fund. Huberfeld then arranged for the hedge fund to reimburse the intermediary for the kickback using a fraudulent invoice for the purchase of New York Knicks basketball tickets, the U.S. Attorney’s Office said. Both Seabrook and Huberfeld pleaded not guilty to the charges on Friday.
The fund itself had not been implicated in the criminal case against Huberfeld, whom prosecutors describe as a co-founder and manager at Platinum, claiming he was not listed on the firm’s registration documents to avoid scrutiny. Huberfeld has been previously fined by the Securities and Exchange Commission.
Federal agents raided Platinum’s office in late June, after the charges were announced, as part of an investigation that’s reportedly separate from the bribery case. And there are other rumblings of wider fallout.
Pharmaceuticals company AstraZeneca (AZN) reported smaller-than-expected declines in quarterly revenue and earnings and said progress on the development of new products boded well for a return to growth.
Revenue fell 11% in the second-quarter to $5.6 billion after the company lost exclusivity on the Crestor anti-cholesterol statin in the U.S. in May. The figure was slightly better than consensus expectations for just under $5.5 billion of revenue, while earnings per share of 83 cents, down 31% year-on-year, compared with a forecast for 82 cents.
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AstraZeneca is pinning its hopes on a new product pipeline as it strives to lift revenue to $45 billion by 2023 from $24.7 billion in 2015. Three products on which it has is or is about to lose patent protection by the end of next year – Nexium for heartburn, Seroquel for schizophrenia , as well as Crestor, account for almost 40% of revenue.
CEO Pascal Soriot said the pipeline is progressing, and that recently introduced, and patented, drugs are doing well.
“Our growth platforms continued to advance and made up over 60% of total revenue. Importantly, our transformed pipeline is advancing quickly and delivering a rich flow of differentiated medicines, boding well for our return to growth.”
AstraZeneca’s pipeline products include benralizumab for severe asthma, which would compete against a product being developed by GlaxoSmithKline (GSK) and for which it expects to seek approval from U.S. and European regulators in the second half. They also include the Faslodex breast cancer treatment and Tagrisso for lung cancer.
AIG (AIG) beat Wall Street’s profit estimates as CEO Peter Hancock continued executing his plan to simplify the insurance behemoth and return more capital to shareholders amid pressure from activists.
AIG’s after-tax operating profit of 98 cents a share in the three months through June compared with an average estimate of 92 cents from analysts in a Bloombergsurvey. On a net basis, including tax adjustments, discontinued operations and capital losses, the New York-based company posted net income of $1.9 billion, or $1.68 a share, compared with profit a year earlier of $1.8 billion, or $1.32 a share.
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“AIG’s second-quarter results show strong improvement towards all the goals the board and I announced in January,” Hancock, said in a statement. “We have executed more quickly and smoothly than expected and our confidence in reaching our 2017 financial targets is high as our earnings become more sustainable.”
The insurer jumped 2.84% to $55.68 after the bell Wednesday, paring its year-to-date decline to about 10%.
AIG, which missed analysts’ projections last quarter, saw its return on equity jump to 8.6% from 6.8% last year and touted a 7% cost reduction due to “lower employee-related expenses” as Hancock works to reduce overhead by $1.6 billion within two years.
The company also returned $3.2 billion of capital to investors through buybacks and dividends, for a total of $7.9 billion so far this year, driving toward its plan to return $25 billion to investors. On Tuesday, AIG’s board authorized repurchases of $3 billion — taking its total buyback authorization to $4 billion — and declared a quarterly dividend of 32 cents a share.
The Best Way to Get Payday Loan Relief
There are many people who get attracted to payday loans because through this they will be able to somehow pay off some of the debt burdens they have, not realizing that it will redound to the same thing because soon they will have to pay these loans and the cycle repeats itself. Perhaps this can give temporary relief from being able to pay some debts but it can get worse because now you have to get another payday borrowing to pay for the previous loan which you paid for a previous loan, and it goes on and on. This makes the chain hard to unshackle. Payday loans can pay some of your previous debts but the cycle will make the problem bigger for you in the long run. You with then have payday loans heaped one on top of each other together with your other credit card debts and other obligations. This mess can make you feel like there’s no way out of it.
When you are in this trap, this cycle makes payday loan consolidation a must. What it entails is the consolidation of all the balances that you owe to your payday lenders and you are only required monthly or bi-monthly payments which will be easy on your budget. With debt consolidation you can be sure that all your debts will re paid within six to eighteen months, and you will only be paying an affordable monthly payment that is easy on your budget.
These monthly or bi-monthly payments are used to start making payments to your payday lenders upon you first payment. This is in order to completely pay off you payday loan debt in a short period of time so you don’t have to continue paying high interest and fees every two weeks.
The best consolidating companies will allow you to make minimum monthly or bi-monthly payments with no high interest rates and they will make sure that all your payday loan debts will be completely paid off in a short amount of time. All your debts are consolidated into a affordable payments and it does not entail any qualification processes since with this program the consolidators will enter into direct agreement with your lenders.
Since it is the consolidating company and you creditors who are now in agreement, you will no longer be bothered by collection calls or notices. Consolidating companies, being the third party, are there to help you be able to pay all your payday debts.
Whatever types of payday loans you have, whether internet loans or storefront loans, consolidating companies and their programs use an aggressive and proactive approach with all your payday lenders. Seek a payday loan debt consolidating company to help you get relief from payday loans.
Source: payday loan assistance
How to Find Bookkeeping Services
Having a business whether big or small, it is important for you to maintain financial data stored. And what is more important is to have someone who can do all the work perfectly. This is also the reason why businesses still continues to look for the perfect bookkeeper services.
Having the right bookkeeper service provide business owners should not have to worry about anything. It is the task of the bookkeeper to relate financial transactions which will include recording income and expenditures, handling invoice, drafting bank reconciliation statement and managing payrolls. All business owners should know that having a bookkeeper is very important. But most business owners do not know is how to find a good bookkeeper.
First, you have to evaluate potential bookkeeper according to their training and educational background. Bookkeepers do not need to be an accounting graduate but it is very important that they have formal training in the field. You will also find individuals who have done college coursework or may have been certified by accredited institutions.
Business owners often choose to hire someone who is provided by an experienced bookkeeping firm. Choosing an experienced bookkeeper will make sure that you have an expert who can manage your financial records. An experienced bookkeeper can also work more efficiently. Bookkeeper are paid by the hour, these individuals work faster and will allow you to save more. In order to find an experienced bookkeeper, bookkeeping firms will provide a list of references that you can use.
It is also highly important for you to observe the personality of the person when evaluating to those who would provide bookkeeping services. It is very important that you get along with your bookkeeper and more importantly, this is why is worth taking the time on observing and look out for signs of customer responsiveness, attention to details, organization and more. When a bookkeeper has these qualities, they often provide good bookkeeping service.
There are some businesses who still uses the traditional bookkeeping services while most of the businesses today have already adopted to the technological changes by doing the computerized bookkeeping work. If your business have customized software, it is very important for the bookkeeper to be familiar with it.
When you are looking for a bookkeeper it is also very important that the one that you will be hiring will fit into your business budget. Before you hire a bookkeeper, it is important that you ask how much they charge for their service. If you think that their rate is not reasonable for you company, then do not hesitate to tell the bookkeeper about it and try to discover if they have a better pricing plan.
The Advantages in Obtaining Lawsuit Loans In obtaining lawsuit loans, there are said to be five benefits. Note that although the term loan is used, but it is actually not a loan but an advance on the possible settlement that one can obtained in a lawsuit. A group of litigation funding providers will review the merits of the underlying case, make a conclusion as to whether, in their opinion, the funding requested is justifiable. Therefore, let us discuss briefly some of the benefits that you can get. Either your credit or criminal history backgrounds are not checked in a settlement or lawsuit loans. In a pre-settlement loan, an underwriter will review the merits of your case and submit his or her findings to a funding entity that can be interested in advancing your requested funding for your case. The funding entity will advance about 10% of the estimated value of the underlying claim, if deemed acceptable. Know again that it is the merits of the underlying case that will determine whether funding can be advanced or not, and not our credit history. Another advantage is that you are not required to pay for the advanced pre-settlement loan even if you do not prevail in the underlying case. This is actually considered as the best advantage in getting a litigation funding. It is actually when you prevail in your lawsuit that you are required to pay the funds advanced based on the agreement.
Learning The “Secrets” of Lawsuits
Another great benefit in obtaining a lawsuit loan is that you are not forced to settle the underlying lawsuit even at a very small amount since you cannot continue to pursue your claim against the individual who harmed you. Usually, the person cannot continue working because of the injuries acquired during the incident, not to mention other time consuming elements related to the litigation. The funding that you get will help you in the payment of medical expenses, in making auto payments, in paying your mortgage and other payables that will avoid affecting your personal credit.
Funds – My Most Valuable Advice
The next benefit is that although you can get the 10% of the estimated value of the underlying claim, it is not necessary for you to get that whole amount through forms of lawsuit loans or settlement loans. The next benefit is that settlement loans and lawsuit loans do not adversely affect in any form or fashion your underlying lawsuit. Others may suspect that because they obtained a litigation funding, it will adversely affect the result of their lawsuit, but this will not happen actually. Conversely, once you get the funding, the plaintiff is likely to have more confidence as to the estimated value of the underlying claim. In any case, discussing thoroughly with the plaintiff’s lawyer is a wise idea.
The Guide to Lawsuit Loans Negligence is one of the major causes of many accidents where victims are caught unawares with no funds to cater the medical expenses while filing a lawsuit is as well challenging since the procedures require the plaintiffs to incur various costs for the case to be successful. In the essence of helping plaintiffs in hiring the best attorneys, a wide range of financial institutions have commenced quality platforms where the complainant is able to access enough funds through lawsuit loans so as to finance all the procedures involved in seeking compensation which improves the probability of winning the case. Therefore, plaintiffs are usually advised to make an effort in research intensively about the best financial companies with quality lawsuit loans where one will be assured with enough funds making it easier to access good compensation. The best lawsuit loans are often accessed in a wide range of selections for the complainants to identify the interested option which may include; funding for settled case, commercial lawsuit funding, medical expenses loans, verdict funding, pre-settlement funding, law firm funding and loans to fund expert witness. It is undoubtedly true that the fascinating lawsuit loans are preferable to low income earners since the plaintiff is required to make refunds following compensation while nothing in return is required on losing the case not forgetting that no monthly charges are imposed on the loan. The beauty about the highly reliable lawsuit loans is the fact that the plaintiff is able to access the funds within twenty four hours making it essential for emergency incidences since the loan is processed very fast after signing for approvals. It is unbelievably true that the remarkable lawsuit loans act as a motivation fee to the plaintiff and the attorney since they are able to carry out all the legal procedures with ease knowing very well that large amounts of loans are availed with no additional costs during application. Highly concerned lawsuit loans are linked to the plaintiffs through the best forms of payments according to the desires of the complainants including provision of funds in lump sum or in installments through mails or direct deposits. Furthermore, the trusted lawsuit loans require the plaintiff to submit a few personal details since no scrutiny of the employment and credit history is needed which enhances faster access of the specific lawsuit loans. The amazing thing about the caring lawsuit loans is the truth that relatively competitive prices are offered for the plaintiff to access quality litigation which depend with the kind of the case presented along with many other determinants with assurance of low fees on the loan given More so, the dependable lawsuit loans are provided by financial institutions with well designed websites to avail custom features for the plaintiff and the attorney to easily spot the best services, fill lawsuit loan forms and make contacts. In conclusion, financial institutions that offer the trusted lawsuit loans make sure that they acquire the right licenses with relevant governing council and obtain certification with standardizing bodies that test and examine services to ensure that quality services are offered.
A Guide to Getting Rich Quickly Although we should not let the desire to get rich control our lives, each of us at least desire to live happy and comfortably in this world and thus we need to be financially stable. Although it is not necessary that we live in the biggest and most expensive house or drive a fancy luxury car, we do need to have a decent car to go places, a decent house for our family, money to meet our medical needs, go on vacations every now and then, and always pay our bills on time every time. Not only do we want to have extra money in the bank instead of merely relying on our regular pay check, we also want to accomplish our goal as soon as possible. How then are you to go about getting that desire to have bigger figures on your bank account? There are a lot of ways by which people can go from having very little money to being very rich in a short span of time legally and honestly. Having a good education in order to become a professional who earn a big pay check every month is one of those ways. There are some who are naturally talented and becomes successful in sports and entertainment which gives them large figures monthly. Some people grow rich by inventing or creating something that becomes high in demand such as Bill Gates with Microsoft Windows or Mark Zuckerberg with Facebook, and these people who become entrepreneurs and built successful businesses which earns them a very large income. However, if you feel that you are none of the above, no college education, no talent in sports and entertainment, no ability to invent or create something great, you may feel that you are doomed to live on pay check after pay check and always be financially frustrated for the rest of your life. You should not lost hope because you can still achieve your dreams of getting rich one day.
The Beginner’s Guide to Resources
You can still make it with affiliate marketing. Affiliate marketing is a way to make money online by simply helping other people sell their products and services. You can advertise these products and services on your own affiliate website, and for every sale that came through your affiliate link, you earn a commission on sales. It is easy to become an affiliate marketer; you can just sign up for free and all you need is a way to contact or communicate with people online so that you can tell them about the products and services you intend to sell. Getting set up to start earning money with affiliate marketing will cost you just a few dollars or you can start for free.
Why People Think Guides Are A Good Idea
Affiliate marketing can help you earn huge amounts of money. Some affiliate marketers earn monthly income of five, ten, fifteen, or twenty thousand dollars. If you try to learn much about affiliate marketing and work hard at it, then couple it with good marketing strategies you will soon start earning big money for yourself.
How to Attract Wealth by Thinking like A Millionaire Many people dream about being wealthy but for a majority of people this remains a pipe dream because most people cannot bring themselves to set a goal and focus on achieving it and they choose to remain in their comfort zone instead of going out and venturing into new territory. Having a keen focus on what one wants and going for it is what makes rich people stand out from the rest of us and many people are too afraid to admit that they want something then go after it but most rich people do the reverse they choose a goal and go after it. Rich people play to win and not to avoid failure but this does not mean being selfish but what it means is just becoming more assertive and frank with oneself and not grabbing off other people. It is nearly impossible to achieve something without setting firm and clear goals and only lottery winners become millionaires in one night and by setting realistic and attainable goals the person can get there eventually by avoiding get rich quick schemes and getting rich slowly. Point and case is making the first million dollars the first thing is to establish goals that one needs to set to get there and let us take a case whereby the person is making enough cash to get some luxuries but nothing more. The main target in the first year should be to have at least $10,000 dollars in the bank in a year’s time and even though it is not easy it is still doable but this is dependent on the next steps that the person takes to make that goal and one of those steps is by looking at ways to make growth before making cutbacks. With that target in mind the person might want to see if they can negotiate a pay rise with the boss or there is another job out there that pays better and even though the person might be comfortable in their old job but if the job stunts the growth of the person then they should look for another job. The person also needs to know if they have other skills outside of the workplace that they can monetize to boost their bank balance and some of these skills include web design businesses or simple fashion adjustments to clothes that make them look trendy. If all these tips fail to enough to get to the $10,000 bank balance by the end of the year then the person needs to look for cutbacks on their expenses on things like selling old stuff that someone else might need or reducing the amount of money they spend on lunch.Getting To The Point – Tips
How to Get Help With Debt Problems A commitment is the state of owning money to either an individual or an association whom you gained money from. Various individuals as a general rule get money and believe that it’s difficult to repay back the money on time however there are a couple association which individuals by reducing them off their commitments and a part of the game plans that are offered are commitment settlement, commitment cementing, credit directing and bankrupt among various sorts of organizations publicized. Debt consolidation can be defined as taking a loan so that you can be able to settle the other debts that you acquired and is often deemed to have a couple of benefits to the individual who has taken up the debt. It allows all commitment portions to be taken off into a consistently planned portion and this makes it less difficult for a man to manage their commitment and one gets the chance to worry more than one bill only that will have the ability to cover a people unsecured commitments. Commitment blend furthermore tends to reduce the advance costs that are associated with the general population commitments this is in light of the fact that when the debts total over a drawn out extend of time they tend to yield high credit financing costs therefore the commitment union will decrease the general population financing costs. It additionally permits a person to pay off their obligation quicker consequently when an individual makes the installments it has a tendency to decrease your genuine obligation and this outcomes in the individual having the capacity to settle their obligation over a brief timeframe which may even be a year or two and this in a way diminishes the person of stress realizing that they will soon total their obligation installment.
The Beginners Guide To Options (Getting Started 101)
It furthermore helps an individual avoid a terrible credit picture this is because when an individual does not pay their commitment in time it cuts down their FICO evaluations and when one has a low FICO appraisal they can’t have the ability to secure a progress with any budgetary association and meanwhile they will get boycotted by the credit organization hence they won’t have the ability to get to any progress by any means.
The Beginners Guide To Options (Chapter 1)
Commitment union moreover allows the individual to welcome the benefit of getting another credit so they don’t need to worry over them being denied a propel this is in light of the fact that advances tend to help an individual settle portions which they feel they don’t have enough money to engage them get a thing. as opposed to an individual stressing themselves as a result of the commitment they have they should have the ability to search for to engage them settle their commitment.
FOR IMMEDIATE RELEASE
(Plymouth, MN)— PJF Tax announced the introduction of their preparation services. The company is looking to help clients save time, money, and frustration this tax season by opting for professional tax preparation. Those who are interested in having their taxes done by an experienced CPA or CFA Charterholder can log on to to discover how they can take advantage of PJF Tax’s support and financial guidance.
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The PJF Tax staff is fully trained to prepare taxes, and clients can rest assured that every return is reviewed for accuracy before filing. At clients will be able to take advantage of the company’s online scheduler, which allows them to choose a convenient day and time to meet with the company’s owners to discuss the details of their tax situation. Those who need an estimate before scheduling a meeting can provide their staff with the appropriate details via phone or email.
As Sexton continued, “Simply put, we make our clients a priority. We know that they not only come to us to save them time and money, but that they use professional services hoping to get the largest return possible. If there’s a credit or deduction they can take advantage of, our clients can be confident that we’ll find it. Our team knows that taxes can have a huge impact on a person’s yearly financial picture, and we’ll do everything in our power to make sure they face no frustration when it comes to getting them in order.”
Those who would like to learn more about PJF Tax or schedule a meeting with one of their experienced professionals should visit for more information.
About PJF Tax:
PJF Tax was formed with the mission to provide exceptional, affordable tax expertise. Their team takes joy in preparing taxes and sets out to offer support and financial guidance so their clients can focus on life’s endeavors. Because taxes are only part of the financial picture, PJF Tax provides financial planning, investment, and wealth management advice. They realize taxes have an impact on everything their clients do, and they take a holistic approach to every one of their personal situations.
The Benefits of Mobile Order Processing for Small Businesses
The efficient management of all the sales and purchase orders is essential for the success of a small business. So, no matter if you are a retailer, restaurateur, or wholesaler you need to handle all your inbound and outbound orders properly so as to be certain that the flow of products in and out of the inventory runs smoothly. This is why both small and large companies are using order management systems today to help them with the process of creation, handling, and closing of sales & purchase orders.
Additionally, with the increasing need for mobility, and escalating popularity of smartphones and tablets, the demand for robust order processing apps for Android and iOS devices has also increased. Below are some of the advantages of mobile order processing for small businesses.
More Time Efficient Processing
Mobile-card readers provide merchants with the ability to enhance customer service and checkout speeds. Long lines can disincentive a lot of shoppers and may even result in customers leaving without their merchandise. To avert this, merchants can provide staff with mobile credit card processing tools to do away with long lines. Instead of having only one checkout station, staff can work all over the store so customers can buy items as soon as they’re all set to pay.
Furthermore, this generates a one-to-one transaction that offers a higher opportunity for customer engagement as well as up-sells. When your employees are provided with tablets, they can also pull up information for customers and let them look at more products that they might be interested in.
Assess Customer Trends and Inventory
A typical problem for small businesses is monitoring inventory and customer preferences. However, with mobile payment services, you can automate these processes to improve the service to your customers. Small businesses employing mobile payments can now monitor the product and services they are selling to better understand customer behavior. This implies that they do not just capture payment information, but they can learn more about their customers and make use of that information to provide better service.
Faster Return Processing
Most suppliers have return policies and, when the product arrives damaged, they must accept a return. Mobile order processing technology handles these returns and keeps track of the reasons. It generates forms for the customer letting them know how to return the material and how to file the reasons for the return. Internally, it documents of corresponding credits and costs, and conveys the results to the accounting division.
In a lot of cases, the company can return the product to its suppliers or it can probe into the reasons for the return and take corresponding measures. The employees can feed these actions into the order processing program, and they can access the data if the customer has more problems.
The Benefits of Using Mobile Credit Card Processing and Other Credit Card Processing
In processing your credit card payment, the credit card processing now gives you three ways to process. The three ways in processing your credit card payment are actually the mobile credit card processing, processing through a wireless terminal and processing through an ecommerce merchant account.
If you are not yet used to the different features of these three ways on how to process your card, then you really need to read this article. In choosing the best credit card processing system, you first need to know the differences and the similarities of the three ways of credit card processing. The three ways of credit card processing also have different pros and cons, and you need to also know it.
Before anything else, you need to know that the three ways have different charge requirements. This is very important for you to know if you are that kind of person who is very particular with fees. In this way, you can be able to weigh the monthly charges you will pay and choose for the credit card processing that can give you a lower transactional rate.In knowing the different charges that these three ways of credit card processing can give you, you will be able to decide what credit card processing to choose. Monthly fees are the only requirement of mobile credit card processing and e-processing. A monthly fee and an access payment is what a wireless mode requires.
Obviously, ecommerce account requires the use of the internet, the wireless processing requires the use of wireless terminals and the mobile credit card processing requires the use of mobile phone.
The credit card of the customer needs to seen in the ecommerce processing and in the mobile credit card processing. While in the wireless processing, the customer’s credit card’s physical appearance is not highly needed. Before the clerk will process the payment, it is first needed that you as the consumer should let your card be swiped in the machine because it is a mandatory.
For security purposes, there is no difference among these three ways of credit card processing. Because some mobile applications are not developed very well, some people already thinks that mobile credit card processing is not that safe to use. This also leads to the people’s comparison of the security level of the mobile credit card process versus the security level of the wireless processing and the ecommerce processing. The truth is that, that information about the mobile credit card processing is not true because all these three credit card processing systems have the same level of security. Actually, mobile credit card processing is less popular among the three credit card processing systems not because it is less secured but because of the promoters and the advertisers it has. Even so, it is already becoming popular just like the other credit card processing.