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How to Spot a Ponzi Scheme and Other Investment Fraud
Getting rich quick is a promise you may have heard from someone trying to recruit you into a new business or investment opportunity. But, a lot of these promises can be too good to be true, and could cost you thousands of dollars. It’s a lesson Gilmer Bautista said he recently learned. Bautista says earlier this year he was...
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NBC 6 Weekend Football Preview: November Brings Much Better Moods
Just a few weeks ago, the obituaries were written for the football teams that call South Florida home.
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Federal Investigators Probe Under Armour's Accounting
Under Armour Inc. is being investigated by federal authorities over its accounting practices. The athletic gear company said Sunday that it has been cooperating with the U.S. Securities and Exchange Commission and the U.S. Department of Justice on their investigations for two years. The company said it firmly believes its accounting practices and disclosures were appropriate. Under Armour reports earnings...
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NBC 6 Weekend Football Preview: When Must Win is an Understatement
Inside Hard Rock Stadium, the Miami Hurricanes face a game on Friday that could see them be eliminated from ACC Coastal Division title contention with a loss while, two days later, the Miami Dolphins could cement their place as the worst team in the NFL with a loss.
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Florida Extends Series Dominance Over Tennessee With Win
Florida coach Dan Mullen had some advice for Kyle Trask before the junior quarterback made his first collegiate start. Mullen told Trask to relax and have fun.
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NBC 6 Weekend Football Preview: Searching for a Win in South Florida
Through the first two weeks of the college football season and after the opening weekend of the National Football League, the five teams that play in Miami-Dade, Broward or Palm Beach have combined to win not a single game and have a record of 0-8 at this point.
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California Man Pleads Guilty in Florida to $1.3B Fraud Scam
A California man pleaded guilty in Florida to orchestrating a $1.3 billion real estate fraud scheme that stole money from thousands of investors nationwide and agreed to forfeit valuable jewelry, wine and paintings by artists such as Picasso and Renoir.
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Cheers! SEC to Allow Sale of Beer, Wine at Sporting Events
The SEC powerhouse league bellied up to the bar Friday and voted to allow the sale of beer and wine at sporting events.
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Elon Musk and SEC Settle Dispute Over Telsa CEO's Tweets
Elon Musk and U.S. securities regulators have settled their dispute over the Tesla CEO’s tweets, with Musk agreeing to having his future communications regarding the electric-car maker pre-approved by a company-employed expert. The Securities and Exchange Commission and Musk reached the agreement, which they detailed in filings Friday in federal court in Manhattan. The agreement must be approved by U.S....
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Ex-Volkswagen CEO Charged With Fraud in Germany
German prosecutors have charged former Volkswagen CEO Martin Winterkorn and four others with fraud and other offenses in connection with the company’s massive, multi-year effort to cheat on diesel emissions testing. Prosecutors said Monday that Winterkorn knew about the deceptive practice since at least May 2014, and failed to put a stop to it. That contradicted Winterkorn’s claim that he...
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Homeland Security Sec. Nielsen Resigns Amid Border Turmoil
President Donald Trump says Homeland Security Secretary Kirstjen Nielsen is leaving her job amid growing frustration by the administration over the number of southern border crossings.
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Why Levi Strauss, World's Biggest Denim Brand, Is Going Public
This week denim lovers will get the opportunity to invest in more than just a pair of Levi 501s. For the first time in more than three decades, investors can buy shares of the world’s biggest jeans seller. Levi Strauss & Co. is expected to list nearly 37 million shares on the New York Stock Exchange at a price between...
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SEC Charges Volkswagen, Former CEO With Defrauding Investors in Diesel Emissions Scandal
U.S. regulators charged Volkswagen and former CEO Martin Winterkorn with defrauding investors during its massive diesel emissions scandal. The charges from the U.S. Securities and Exchange Commission come two years after the German automaker settled with the U.S. over criminal and civil charges, as the company tries to distance itself from one if its darkest eras. The SEC said that...
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Tesla Finally Launches Model 3 for $35K
At long last, the $35,000 Tesla Model 3 is a reality. After teasing “news” on Twitter, Tesla CEO Elon Musk has delivered the lowest-price Tesla yet. Scott Budman reports.
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SEC Seeks Contempt Charges Against Tesla CEO Elon Musk
Stock market regulators are asking a federal court to hold Tesla CEO Elon Musk in contempt for violating an agreement requiring him to have his tweets about key company information reviewed for potentially misleading claims.
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At Kraft Heinz, a Fed Investigation and a $15.4B Write-Down
Kraft Heinz disclosed an investigation by federal regulators and will slash the value of its Oscar Mayer and Kraft brands by $15.4 billion. Shares plunged 26 percent at the opening bell Friday, the company’s biggest single-day decline, after posting a stunning $12.6 billion loss for the fourth quarter. Kraft Heinz divulged the receipt of a subpoena in October from the...
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DHS Secretary Nielsen Visits Border After Child's Death
Homeland Security Secretary Kirstjen Nielsen went to an Arizona border city Saturday on the second day of a southwest tour following the recent death of another Guatemalan migrant child in U.S. government custody, which President Donald Trump said was “strictly the fault of the Democrats.”. DHS spokeswoman Katie Waldman said Nielsen was in Yuma, Arizona, but gave no other details....