Shakira ordered to stand trial for tax fraud in Spain

A Spanish judge has ordered pop star Shakira to stand trial for allegedly failing to pay $13.9 million in taxes on income that she earned between 2012 and 2014. Prosecutors will seek an eight-year prison sentence and a stiff fine if they manage to win a conviction for the “Hips Don’t Lie” singer, who has … Read more

Three charged in $100M New Jersey deli fraud scheme

Three men linked to a company that mysteriously drew a $100 million valuation despite only operating a single New Jersey deli were charged for their roles in a securities fraud and market manipulation scheme on Monday. Prosecutors slapped the three men — James Patten, 63, of Winston-Salem, North Carolina; Peter Coker Sr., 80, of Chapel … Read more

US couples ask wedding guests for down payments on home mortgages

Couples in the US are reportedly raising cash from their wedding guests for housing and other expenses, according to wedding planning websites like Zola and The Knot, according to a report. Housing related cash registries have doubled on Zola since 2019. Over 2 million couples have used the service since its inception in 2013, with … Read more

Goldman Sachs begins layoffs, targeting mid-level bankers

Goldman Sachs has begun laying off workers across the US — and the Wall Street giant is focused on culling mid-level investment bankers amid a downturn in dealmaking as the economy slows, according to a report. Last week, Goldman laid off nearly a dozen bankers in the prestigious technology, media and telecommunications division alone, according … Read more

IRS steps up tax collection on cryptocurrency, bitcoin profits

The Internal Revenue Service is going to court to get its hands on cryptocurrency transaction records as part of its continuing efforts to collect more taxes from Americans who fail to report profits from digital coin trades. Federal prosecutors in Manhattan announced that they had successfully obtained a court order allowing the IRS to obtain … Read more