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Has Judge Arthur Engoron been favorable to Donald Trump in his ongoing legal battle? What did Trump’s sons say about their father when they took the stand? In a civil lawsuit overseen by Judge Engoron, Trump hasn’t been on the winning side. The Daily podcast highlights the most crucial moments from the case in a new episode. Keep reading to learn how Judge Engoron feels about Trump’s sketchy financial statements.
How did Ivanka Trump’s testimony go in her father’s trial? Did she admit to being involved in fraudulent documents? In November 2023, Ivanka Trump testified in Donald Trump’s case surrounding alleged fraudulent financial documents. Her statements in court had a profound effect on the outcome of the trial, in which Trump was ordered to pay a large fine. Learn more about Ivanka Trump’s testimony from The Daily podcast.
Are you struggling to save money? What are good personal finance tips so you can be more responsible with money? The Aware & Aggravated podcast houses a striking conversation around mindful personal finance strategies. Leo Skepi emphasizes his own experience during the early stages of setting up his app, where he prioritized savings over leisure spending. Discover how to be financially responsible, according to Skepi’s tips.
How will AI boost the IRS’s scrutiny of various taxpayer groups? What benefits and hurdles might taxpayers encounter as the IRS ramps up the use of AI? The IRS is using artificial intelligence to improve tax compliance and customer service this tax season. New AI-powered systems aim to curb tax evasion, improve audit precision, and help close a $688 billion tax gap. Here’s how the IRS is using AI and what the benefits and challenges are.
What’s the future of digital currency? Will we ever stop using banks? For centuries, banks have been in charge of our money. However, there’s a good argument that this may change in the future. Here’s why digital currency will be how we transfer and store money in the near future.
Are self-checkout problems worth the rewards? What negative impacts do they have on customers and employees? How do they harm businesses’ bottom line? Following an expansion of self-checkout machines in stores during the Covid-19 pandemic, some retailers are reconsidering the kiosks. Many companies complain that they’re not getting the bigger profits the machines initially promised—but they are getting bigger problems. We’ll take a look at the downfalls of self-checkout kiosks below.
What did Jordan Belfort do to become a financial criminal? What type of financial crimes did he commit? Though Belfort did many things that were against the law, it was his financial crimes that both enriched him and eventually sent him to prison. So many of Belfort’s business dealings were against federal and state regulations because he invented schemes to hide his transactions from regulatory institutions. Let’s look at the principles upon which Belfort’s firm, Stratton Oakmont, was founded and the crimes he committed under its name.
What was the Stratton Oakmont scandal? How did employees at Stratton Oakmont participate in stock manipulation? While there are many ways for investment firms to make money, the practice of choice for Stratton Oakmont was stock price manipulation. Jordan Belfort’s traders artificially inflated the stock price of a company during its Initial Public Offering (IPO) while holding on to more shares of that company than was allowed by SEC rules. Continue reading to learn more about Stratton Oakmont’s scandalous method of making money.
What are the best The Wolf of Wall Street quotes? How did Jordan Belfort lead Stratton Oakmont to its success, and then its downfall? In The Wolf of Wall Street, Jordan Belfort explains how he enriched himself through illegal stock manipulation and how he hid his ill-gotten riches by laundering his money. He also details how he fostered a culture of hedonistic excess at his firm. Below is a collection of The Wolf of Wall Street quotes that summarize Belfort’s story.
How does Stratton Oakmont rank as one of the most famous money laundering cases? How did Jordan Belfort launder money? Jordan Belfort’s money laundering scheme at Stratton Oakmont is infamous. To pull it off, Belfort used a Swiss bank account, took advantage of family members, created a fictitious corporation, and more. Here’s how Belfort used Stratton Oakmont to launder money.