public-private partnership loan

Florida man pleaded guilty to stealing more than $7.2 million in COVID-19 relief funds!

September 22, 2022 admin

A Florida man who fled the United States and was eventually arrested in Croatia pleaded guilty to stealing more than $7.2 million in coronavirus relief funds. Cisternino Don in. His hearing is scheduled for January 5 when he may face 32 years in federal prison. As part of a deal with prosecutors, Cisternino has already agreed to forfeit funds from fraud, as well as any assets linked to the crimes. Pursuant to the plea agreement, Cisternino fraudulently obtained more than $7.2 million in emergency funds through a Paycheck Protection Program…

America’s employers slowed their hiring in August in the face of rising interest rates!

September 2, 2022 admin

Washington – US employers slowed hiring in August in the face of rising interest rates, high inflation and slowing consumer spending, all of which dampened the outlook for the economy. The government reported Friday that the economy added 315,000 jobs last month, down from 526,000 in July and below the average gain of the previous three months. The unemployment rate rose to 3.7%, from a half-century low of 3.5% in July, as more Americans moved away from the sidelines to look for jobs and did not immediately find work. The…