A New York man who served as caretaker for his elderly neighbor has admitted to stealing nearly $142,000 in pension payments that kept flowing after the neighbor died.

Danilo Pesce, 60, of Pelham pleaded guilty to fourth-degree grand larceny in Albany County Court, New York Attorney General Letitia James says.

The neighbor, Jack Lee Morgan, was a retired Pelham school district teacher who collected a pension from the New York State Teachers’ Retirement System.

Morgan died in 2020 with no living beneficiary, so the payments should have stopped.

But nobody told the retirement system about the death, and it kept sending $3,497 a month into Morgan’s bank account.

While working as Morgan’s caretaker, Pesce had been added to the bank account and to the deed of Morgan’s Pelham home.

Starting on March 17th, 2020, less than a month after Morgan died, Pesce regularly pulled money out of the account, the attorney general’s office says.

He used the cash on upkeep and renovations at Morgan’s home, where he and his wife were living part-time.

In total, Pesce took $141,968.

He has paid $147,000 back to the retirement system, which includes $6,000 in interest.

Says James,

“Danilo Pesce took advantage of the retirement system that thousands of hard-working New York teachers rely on… This heartless theft should serve as a reminder that my office will not tolerate anyone who breaks the law to steal from their neighbors.”

Pesce was arrested on July 30th of this year.

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A Connecticut woman has lost over $7,000 after scammers spoofed her credit union’s real phone number and talked her into sending her savings through Apple Cash.

The 45-year-old Windsor resident, who asked not to be named, says the caller claimed to work in the fraud department at 360 Federal Credit Union, reports NBC Connecticut.

She says her caller ID showed the credit union’s name, and the caller told her that her banking information had been compromised and her accounts needed to be secured.

Because her credit union is small, she says the fact that he knew where she banked made him seem like someone trying to help.

The report says that over a weekend in August, she sent more than $7,000 through Apple Cash to an unknown account, believing she was following her credit union’s instructions.

A fraud warning appeared while she was making the payment, but she says the caller told her the alert was a good sign.

“He goes, ‘Good, good. That’s what we want to see. We’re locking everything down.'”

By the following Monday, her account balance had gone negative.

Says the woman,

“All of a sudden it’s just like, whoa, where’s my money?… This person was very calculated. This definitely was not their first time at all.”

360 Federal Credit Union says it has found no sign that the transaction came from a breach of its systems.

She reached out to Apple and Green Dot Bank, which provides Apple Cash services, but has not been able to recover the money.

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Crypto exchange giant Binance and prediction markets platform Polymarket want the Polygon (POL) network to move about 70 million tokens out of the hands of the hackers who stole them late last month.

The two firms have filed a Polygon Improvement Proposal for a one-time hard fork that would set the POL balances in five attacker-controlled addresses to zero and credit the same amounts to recovery wallets the companies control, the proposal says.

The five addresses hold about 70.49 million POL, worth roughly $6.5 million at the October 29th price used in the proposal.

About 23.86 million POL sits in four addresses tied to the Polymarket hack on October 29th, while about 46.63 million POL sits in one address tied to the Binance hack that hit late the same day.

Polygon’s block producers have already added the addresses to a block list, so the funds cannot move.

But the companies say that is only a stopgap.

“The funds cannot move, but nothing in the current setup lets them be returned either.”

The proposal says the attacker has kept trying to get the funds out, including by offering validators cash to help unblock a transaction.

The fork would leave Polygon’s total supply unchanged.

It would only go live after approval through Polygon’s governance process, a test run on the Amoy testnet and proof that Binance and Polymarket control the recovery wallets.

The firms call it an extreme action that should not be reproduced commonly.

The plan is set to be presented at the Polygon Protocol Governance Call on November 5th at 14:30 UTC, with rollout expected to take about two weeks after approval.

Binance says it has already replaced most of the roughly $6.3 billion stolen from its hot wallets in the October 29th attack.

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Global central banks have added more gold to their reserves in the third quarter than in any quarter since late 2024, according to the World Gold Council, an industry body.

Central banks and other official institutions bought a net 321 tonnes of gold from July through September, up 42% from a year earlier, the World Gold Council says.

The council says portfolio diversification and risk management remain the main reasons behind the buying.

Central bank purchases so far this year stand at 675 tonnes, 6% higher than over the same stretch last year.

Gold-backed exchange-traded funds (ETFs) also returned to inflows, adding 211 tonnes and lifting total holdings to a record 4,256 tonnes.

Total gold demand slipped 1% from a year earlier to 1,369 tonnes, but its value jumped 22% to $188 billion as the gold price averaged $4,262 per ounce.

Demand for gold bars and coins fell 19% to 268 tonnes, while jewelry demand dropped 17% to 313 tonnes, the weakest third quarter in the council’s records.

Technology demand rose 3% to 85 tonnes, its highest quarterly total since late 2021, as AI-related manufacturing lifted electronics demand.

Says Louise Street, senior markets analyst at the World Gold Council,

“The third quarter was a mixed bag for gold demand. Gold ETF inflows came roaring back, with geopolitical risk and concerns around fiscal discipline driving institutional interest, in contrast to retail investors who held back amid uncertainty over the gold price outlook. Central Banks remained an important pillar of demand as pronounced buying continued from the official sector…

The outlook for gold looks finely balanced through to the end of the year. While rising interest rates and mixed inflation expectations present potential headwinds, the combined shadows of geopolitical risk and financial market stress may cause participants to seek stability in gold.”

Gold is trading at $4,130 an ounce at time of writing.

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A former Indiana letter carrier has been sentenced to six and a half years in federal prison for stealing checks from the mail in a $34 million bank fraud scheme that hit about 6,500 victims.

The U.S. Attorney’s Office for the Southern District of Indiana says Destinee Ruffin, 29, of Indianapolis also got two years of supervised release after pleading guilty to conspiracy to commit bank fraud and theft of mail.

Ruffin worked at the Bacon Station Post Office in Indianapolis, where she took checks from incoming and outgoing mail between April of 2020 and May of 2022 and sold them to co-conspirators.

The buyers changed the payee names and ran the checks through the bank accounts of people who handed over debit cards, PINs or online banking logins.

Ruffin supplied John Young, 24, with more than $12 million in stolen checks and sold Tony McMullen, 36, more than $235,000 worth.

The case began in the spring of 2020 when a Bacon Station customer complained that an Economic Impact Payment check never arrived, and more complaints led agents to Ruffin’s route.

Investigators later mailed controlled Treasury checks with recorded serial numbers and traced them back to her.

A search of her home, vehicle and devices in April of 2024 turned up thousands of unsold stolen checks worth more than $20 million, with stolen mail piled in closets, in corners and even in the bathroom.

One victim found out her $1,618 payment to keep her retired husband’s health insurance never arrived when she showed up for surgery and was told her coverage had been terminated, forcing the procedure to be canceled.

Says U.S. Attorney Tom Wheeler,

“Destinee Ruffin’s crimes were not isolated acts of theft; they represented a sweeping scheme that touched thousands of households and eroded a fundamental public trust. By stealing millions of dollars’ worth of checks from the mail, Ruffin and her co-conspirators disrupted critical benefits, jeopardized family finances, and caused real harm to individuals who depended on timely delivery for essential needs.”

Ruffin was also ordered to pay $121,270.30 in restitution.

Three of her co-conspirators have already been sentenced, and Young is set to be sentenced on December 3rd.

The Daily Hodl reported on Ruffin’s guilty plea in October.

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A Wisconsin school district has lost hundreds of thousands of dollars to a bank impersonation scam.

Milwaukee Public Schools (MPS) initially lost $450,000 but has recovered $255,000 and is working to get back the remaining $195,000, reports FOX6 Milwaukee.

The district says it learned it was the victim of bank impersonation fraud and notified authorities on Monday.

MPS has not released details on how or when the fraud happened.

Says MPS Superintendent Brenda Cassellius,

“This is a sobering reminder of the sophisticated financial scams that occur every day across the country. We are taking swift and immediate action to strengthen our internal procedures to prevent this from happening…

We also are working with our partners at US Bank to recover the remainder of the funds.”

The district says it is putting short-term and long-term controls in place to protect its finances, but it has not said what those controls include.

Along with the criminal investigation, MPS is running its own internal probe.

Deputy chief financial officer Jennifer Buros will serve as acting chief financial officer, with help from Charles Burbridge of the Council of the Great City Schools.

The $450,000 loss is less than one-tenth of one percent of the $1.6 billion budget the Milwaukee Board of School Directors approved in May for the 2026-27 school year.

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Manufacturing giant 3M has agreed to pay billions of dollars to resolve most of the personal injury claims tied to “forever chemicals” in firefighting foam.

The company says it will make a $7.35 billion commitment over nine years, with a present value of $5.8 billion, to settle claims in the Aqueous Film-Forming Foam (AFFF) multidistrict litigation in South Carolina federal court.

Forever chemicals, known as PFAS, linger in the environment instead of breaking down and have been linked to health problems including cancer, reports The Hill.

3M says the deal addresses about 99% of current personal injury claims inside and outside the multidistrict litigation and involves about 115,000 to 120,000 eligible plaintiffs.

The company will pay $50 million in 2026 and nothing in 2027, with about 20% of the payments due in the final two years.

The total also includes a $680 million reserve fund for remaining and future claims.

Says 3M chairman and CEO William Brown,

“This settlement is a significant milestone for 3M and substantially reduces litigation uncertainty. Following our 2023 resolution with U.S. public water suppliers and our more recent settlement with the State of New Jersey, this is another important step in managing legacy PFAS matters.”

3M denies liability for the PFAS claims and says the agreement is not an admission of liability.

Attorneys Fred Thompson and David Hoyle of the law firm Motley Rice say in a statement,

“For the thousands of victims who have sought answers and accountability for nearly a decade, 3M’s $7.35 billion settlement is welcome news.”

3M separately settled claims from public water systems for more than $10 billion in 2023.

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Federal prosecutors have secured a guilty plea from a Washington resident accused of running a years-long romance scam that drained over $333,000 from a Portland victim.

Rithy Ham, 45, of Vancouver, Washington, pleaded guilty to one count of wire fraud and one count of money laundering, says the U.S. Attorney’s Office for the District of Oregon.

The scheme ran from September 2020 through May 2024 and relied on invented identities of two women who supposedly needed cash for daily bills, nursing school costs and escape from sex trafficking.

“Believing the women were real and in danger, the victim sent money on multiple occasions.”

The victim sent repeated payments after receiving messages from both Ham and the fabricated profiles.

One transfer of $36,872.35 occurred in November 2022, and another $20,922 came from a retirement account in March 2023.

Ham and his wife controlled the accounts that received the funds, and part of the proceeds paid for an $18,500 check to his wife.

“In total, Ham stole $333,249.52 from the victim, much of it from the victim’s retirement savings.”

Under the plea deal, Ham must repay the full amount and faces up to 20 years in prison on the wire fraud charge and up to 10 years on the money laundering count.

The FBI conducted the investigation.

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The company behind Cash App is set to pay $764 million to end a federal investigation into its anti-money laundering program.

Jack Dorsey’s Block disclosed the deal in its latest quarterly filing with the Securities and Exchange Commission (SEC).

Block says it reached an agreement in principle with the Department of Justice (DOJ) in October to settle the matter through a deferred prosecution agreement.

Under the deal, the DOJ will put off for three years a charge that Block failed to maintain an effective anti-money laundering program in violation of the Bank Secrecy Act.

If Block meets the terms during that time, the DOJ will move to dismiss the charge.

The agreement is expected to carry a gross penalty of about $964 million, which drops to about $764 million after credit for earlier regulatory settlements.

The deal still needs a final agreement and court approval. Block had already set aside the full $764 million as of September 30th.

The payment is larger than the $565 million in net income Block reported for the third quarter.

The DOJ and SEC began looking into Block shortly after short seller Hindenburg Research published a report in March of 2023.

Hindenburg alleged that Cash App inflated its user numbers by counting duplicate and fake accounts and that weak identity checks let criminals use the app, reports Yahoo Finance. Block disputed the findings.

The SEC closed its own investigation in March of this year without recommending enforcement action.

Block posted $3.2 billion in gross profit for the quarter. Cash App gross profit rose 27% to $2.07 billion, while Square gross profit rose 14% to $1.16 billion.

Gross profit from Block’s Bitcoin business fell 50% to $52 million after the company cut fees on some Bitcoin transactions on Cash App, Yahoo Finance reports.

Block paid $40 million to New York’s financial regulator in April of 2025 over alleged anti-money laundering lapses at Cash App.

Block runs the Cash App payment app and the Square platform for merchants.

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A New York healthcare technology company has disclosed a data breach that exposed the medical information of nearly 50,000 people.

In its latest bulletin, the U.S. Department of Health and Human Services Office for Civil Rights says Cognitive Health Technologies suffered a hacking/IT incident impacting 49,467 individuals.

In a notice, Cognitive Health, which offers healthcare technology and IT consulting services, says it spotted suspicious activity on its network in late April of this year.

The firm also says the files taken include names, dates of birth, health insurance information, medical histories and treatment information.

“On April 27, 2026, Cognitive Health became aware of suspicious activity related to its network environment. We immediately took steps to secure our environment and launched an investigation to determine the nature and scope of the event. The investigation determined there was unauthorized access and/or acquisition of certain files and folders within Cognitive Health’s network between February 5, 2026, and April 28, 2026. As a result, Cognitive Health began an extensive review of these files and folders to determine whether sensitive information may be impacted. Our review determined that information related to certain individuals was present in the impacted data.”

The company says it has not found any misuse of the data so far.

It also says it has reviewed its security policies and added new measures to guard against similar attacks.

Cognitive Health urges impacted individuals to keep a close watch on incidents of identity theft and fraud, review account statements and monitor credit reports and explanation of benefits forms for suspicious activity.

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Berkshire Hathaway has eliminated its Amazon position and grown its Alphabet stake more than sixfold under new CEO Greg Abel.

Abel moved quickly on the conglomerate’s roughly $358 billion investment portfolio after Warren Buffett retired as CEO on December 31st, 2025.

In the first quarter, Berkshire trimmed six holdings and sent 16 others packing, including Amazon, which the firm first bought in early 2019 and which had advanced roughly 150% to 200% over the holding period.

The sales followed the December exit of longtime portfolio manager Todd Combs for JPMorgan Chase, and Abel cut predominantly non-core positions Combs had overseen.

Between December 31st, 2025, and September 25th, Berkshire’s Alphabet stake grew from $5.59 billion to $36.37 billion as Abel treated Google’s parent much as Buffett once treated Apple.

Alphabet benefits from Google’s greater-than-91% share of global internet search and YouTube advertising revenue.

Google Cloud, the world’s No. 3 cloud infrastructure platform, delivered an 82% year-over-year sales jump in the June-ended quarter on artificial intelligence demand.

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A New Jersey man has been sentenced to more than two years in federal prison after using forged U.S. passport cards to withdraw money from victims’ bank accounts in Florida and South Carolina.

Michael Scott Hillwig, 59, of Camden, New Jersey, was sentenced April 7th in the Northern District of Florida for bank fraud, aggravated identity theft, and false use or forgery of a passport, says the U.S. Attorney’s Office.

In May 2023, he unlawfully obtained victims’ names, dates of birth, Social Security numbers and passport card numbers, then created fraudulent U.S. passport cards with his photograph and the victims’ identifying information.

He traveled to financial institutions in South Carolina and Florida locations including Bonifay, Niceville and Winter Garden, presenting victims’ Social Security numbers and the fake passport cards to make withdrawals.

Says U.S. Attorney John P. Heekin,

“It is of vital importance to raise awareness about the vulnerability of our personal identifying information online, which fraudsters relentlessly pursue as they seek to enrich themselves by exploiting their victims. As this defendant has learned, my office is just as relentless in our pursuit of criminals like him, and we aggressively prosecute such frauds to the fullest extent to achieve justice for the victims of these crimes.”

Hillwig will serve more than two years in prison followed by three years of supervised release and must pay restitution to victims.

The case was investigated by the U.S. Department of State’s Diplomatic Security Service, Okaloosa County Sheriff’s Office and Holmes County Sheriff’s Office.

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NVIDIA, Tesla, SpaceX, Microsoft, Amazon and Alphabet are among more than 60 prominent US stocks that could soon be available for 24/7 tokenized trading.

OKXICE, the joint venture between crypto exchange OKX and the Intercontinental Exchange (ICE), filed with the US Securities and Exchange Commission (SEC) on Sunday, notifying the regulator of plans to launch a marketplace for investors to buy tokenized stocks.

Former New York Governor Andrew Cuomo, OKXICE’s co-chair, says the firms plan to launch the trading venue under the SEC’s new “innovation exemption.”

“This is a landmark step toward a truly global, 24/7 Wall Street — and toward keeping the future of digital finance anchored here in the United States.

The digital asset revolution is already transforming our financial system. Tokenized securities are part of what comes next.”

Cuomo has advised OKX on policy matters since 2022, including during the exchange’s $504 million settlement with the Department of Justice (DOJ) over anti-money-laundering violations.

ICE, the parent company of the New York Stock Exchange (NYSE), has made a broad push into crypto infrastructure, including investments in OKX and the prediction market Polymarket, as well as its participation in stablecoin platform Circle’s $222 million Arc presale alongside BlackRock and Apollo.

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The Commodity Futures Trading Commission (CFTC) is proposing new crypto market regulations after the Clarity Act detonated in the Senate.

The regulator’s proposed rules would establish requirements for CFTC-registered crypto exchanges, though CFTC Chairman Michael Selig notes in a new Wall Street Journal Op-Ed that these regulations wouldn’t have the same impact as the Clarity Act.

“Unlike the Clarity Act, these regulations wouldn’t require crypto assets to trade on CFTC-registered platforms. We don’t have the authority to impose such a requirement without Congressional action. However, the rules would establish a purpose-fit option for crypto-asset exchanges that wish to operate under a single federal market-regulatory scheme. Unlike state-licensed exchanges, these exchanges would be permitted to allow retail customers to trade on a margined, leveraged or financed basis. Such platforms are distinct from ordinary spot-trading venues and are squarely within the CFTC’s regulatory jurisdiction.”

The CFTC says it is asking for public comment on ways to prevent abusive practices in crypto asset markets.

The Clarity Act would have largely placed digital assets under the regulatory purview of the CFTC, an agency industry stakeholders believe is friendlier to the sector than the Securities and Exchange Commission (SEC).

In September, the bill failed to reach the necessary 60-vote threshold on a cloture motion that would have allowed debate on the legislation to move forward.

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Lyft has agreed to hand hundreds of millions of dollars to California drivers who say the company treated them as contractors instead of employees.

The settlement totals $272.5 million, including fees and costs, and resolves claims from the state attorney general, city attorneys, the labor commissioner and private plaintiffs covering April 5th, 2016, through December 15th, 2020.

At least $237,075,000 is reserved for drivers based on hours and miles driven, with payments allowed over four years plus up to $12.4 million in interest. Lyft booked a $210 million accrual in the fourth quarter of 2025.

“The lawsuit followed the introduction of the ‘ABC test:’ the groundbreaking legal test used to analyze the misclassification of workers, which was first adopted by the California Supreme Court in 2018 in Dynamex Operations West, Inc. v. Superior Court and then codified into law under AB5. In the midst of litigation, Proposition 22 altered how the ABC test is applied to certain app-based drivers. Despite several appeals and changes in the law, the Attorney General and his partners remained resilient, winning every legal challenge in court and remaining steadfast in their demands for drivers’ deserved wages and protections.”

Says California Labor Commissioner Lilia García-Brower,

“This settlement is about the workers who came forward and spoke up. Their voices made this outcome possible.”

In an SEC filing dated September 30th, Lyft says the deal is not an admission of liability and that resolving the matter now lets it avoid the costs and distraction of drawn-out litigation and keep management focused on its business goals. The attorney general announced the agreement today. The deal is still subject to court approval.

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Cardano’s (ADA) recent price surge is running into fresh headwinds from fading trader interest and large-holder exits.

Futures open interest for ADA has dropped 9% over the past week, sliding from $1.99 billion to $1.81 billion as traders cut back on leveraged bets, says Ali Charts on X.

Whales also appear to be taking profits.

“Since September 20, large holders have offloaded roughly 90 million ADA, worth approximately $22.5 million, adding to the recent selling pressure.”

This decline in demand aligns with a Tom DeMark Sequential sell signal that appeared on Cardano’s daily chart.

“Since then, ADA has fallen 10%, and the correction may not be over yet.”

According to the analyst, a parallel channel on the daily chart points to $0.24 as the key mid-range support.

“If ADA loses that level, a move toward the channel’s lower boundary near $0.21 becomes likely.”

If $0.21 holds, it could present the next buying opportunity, targeting the channel top near $0.28.

Looking at Bitcoin, Ali says whales have cut their BTC holdings significantly over the last seven days.

“Most of the market has moved sideways over the past week. So what have whales been doing during the lull?

Bitcoin whale holdings have fallen by roughly 30,000 BTC, worth about $2.52 billion.

Large holders appear to be reducing their exposure.”

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Federal prosecutors have secured a guilty plea from a Boston man accused of using fake identification to drain hundreds of thousands of dollars from customer accounts.

William Shaw, 68, admitted to four counts of bank fraud and four counts of aggravated identity theft in federal court, says the U.S. Attorney’s Office for the District of Massachusetts.

The defendant posed as at least 13 account holders from late 2022 into early 2025 by presenting forged driver’s licenses that carried the victims’ details alongside his own photograph.

He also submitted withdrawal forms listing the customers’ names and account numbers to obtain cashier’s checks and cash totaling more than $900,000.

Judge Julia E. Kobick set sentencing for January 6th, 2027, after Shaw was charged in January 2026.

Separately, authorities charged six additional men in July 2025 as part of a larger multi-state bank fraud investigation covering Massachusetts, Connecticut and Rhode Island.

Three of those defendants have already entered guilty pleas and await sentencing, while another received a sentence in a connected case.

A bank fraud conviction carries up to 30 years in prison along with fines reaching $1 million or twice the amount gained or lost.

Each aggravated identity theft count requires at least two years in prison served consecutively to any other term.

Assistant U.S. Attorney Kristen Kearney is handling the prosecution.

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A Wyoming orthopedic practice has disclosed a cyberattack that put the personal, financial and medical records of tens of thousands of people at risk.

The U.S. Department of Health and Human Services says Casper Orthopedic Associates PC suffered a hacking/IT incident on July 23rd, impacting 56,197 people.

In a notice to impacted individuals, the healthcare firm says an unauthorized entity accessed its systems and stole files that may include patients’ first names, last names, dates of birth, driver’s license numbers, Social Security numbers, financial account records, and medical information.

“On or about May 23, 2026, Casper discovered it was the victim of a cyberattack by an unauthorized third party. Immediately upon identifying the incident, Casper engaged third-party cybersecurity experts to assess, contain, and remediate the incident. Law enforcement was also notified.

Casper’s investigation, which concluded on June 11, 2026, determined that the unauthorized party may have acquired sensitive information from Casper’s systems. Casper then undertook an in-depth review process of the impacted information to determine the impacted individuals and their address information, which was completed on September 2, 2026. As such, Casper notified those who are believed to be impacted on September 8, 2026.”

Casper says it has found no evidence that anyone’s information was specifically misused.

The practice has added safeguards and tightened physical security while urging affected patients to reach out to credit reporting agencies such as Equifax, Experian and TransUnion.

Casper Orthopedic Associates PC is an orthopedic practice based in Casper, Wyoming.

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An armored truck driver hired to load cash into ATMs has been accused of stealing $259,574 from the machines and spending the money on cars, a cruise and other purchases.

Federal prosecutors say Christopher Skinner, 41, formerly of Milford, New Hampshire, worked alone at ATM locations across the state and removed cash bundles before servicing the machines between February 2nd and February 26th of 2024.

A federal indictment charges Skinner with 18 counts of bank theft plus money laundering and conspiracy counts tied to two FDIC-insured banks. His partner, Amee Skinner, 37, formerly of Conway, faces related laundering counts. Both pleaded not guilty in U.S. District Court for the District of New Hampshire and are presumed innocent.

Prosecutors say cash deposits into the couple’s accounts rose sharply afterward, and funded the purchase of cars, a luxury cruise and other purchases.

“The defendants allegedly used the stolen funds to make substantial personal purchases, including $40,000 in cash for a 2019 GMC Sierra and $28,814 in cash for a 2019 Lincoln Nautilus. According to the indictment, the defendants also used stolen funds to pay for additional travel, retail, and online purchases.”

If convicted, the Skinners face years in prison.

“The bank theft counts each carry a maximum prison term of 10 years. The money laundering counts carry a maximum prison term of 10 years, and the money laundering conspiracy count carries a maximum term of 20 years.”

The indictment was filed August 5th of 2026.

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U.S. prosecutors have seized nearly $84 million from bank accounts and cryptocurrency wallets tied to a Montana payments firm linked to Tether.

The civil forfeiture targets Capstone, a money services business that allegedly posed as an information technology company to open accounts at major banks while moving money for crypto firms, reports Reuters.

Court filings say Capstone, registered in Montana, processed payments for two crypto companies through a bank in Dominica. Prosecutors say the firm also ran a scheme that converted fraud proceeds into crypto by posing as FBI agents.

Nearly $81 million was seized from Capstone accounts at Wells Fargo and about $2 million from an account at JPMorgan Chase. Roughly $1.2 million worth of Tether’s dollar-pegged token was taken as well, according to the July filing first reported by The Information.

Tether said it was a customer of the Dominica bank and that its assets there were limited. A spokesperson addressed Capstone’s alleged conduct.

“Tether had no knowledge of the conduct by Capstone alleged by the Department of Justice.”

The Justice Department did not allege wrongdoing by Tether or the other firms involved. Spokespeople for Wells Fargo and JPMorgan declined to comment.

A lawyer for Capstone told Reuters the firm denies wrongdoing and plans to challenge the complaint.

Tether issues USDT, a dollar-pegged cryptocurrency used to move value on crypto networks.

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The post $80,000,000+ in JPMorgan Chase and Wells Fargo Belonging to Montana Payments Firm Abruptly Seized Over Potential Fraud appeared first on The Daily Hodl.

Banks risk losing $230 billion in payments revenue as stablecoins, tokenized deposits and central bank digital currencies move into wider use, according to a survey conducted by IT services and consulting firm Capgemini.

Capgemini’s World Payments Report 2027 projects those instruments will make up about 4% of global payments volume by 2030, pressuring foreign exchange spreads, correspondent banking, float income and transaction fees that banks thrive on, says Capgemini.

The study says about $4 trillion sits trapped in accounts used to fund cross-border settlement. Nearly 60% of large corporates would take stablecoin services from non-banks if their banks fall behind, even though 71% still prefer banks for tokenized payments when cost and quality are equal.

Only 21% of banks are actively scaling at least one of these tools. Tokenized deposits ranked as banks’ top near-term priority because they stay on balance sheets and fit existing rules. Leaders that are already scaling are three times more likely to find new revenue streams and expect to offset losses in 15 months versus 25 months for other banks.

Capgemini’s global head of payment services Jeroen Hölscher framed the stakes for lenders.

“With $230 billion at stake, banks must decide what role they want to play in this emerging ecosystem.”

The report surveyed 1,110 corporates with more than $1 billion in revenue and 300 banking executives across nine markets. Capgemini is a global consulting and technology firm headquartered in Paris, France.

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The post Banks Risk Losing $230,000,000,000 in Payments Revenue As Stablecoins and Tokenized Deposits Scale, According to Survey appeared first on The Daily Hodl.

The City of Sacramento is launching an $8 million guaranteed income program that will pay eligible foster youth $900 a month with no strings attached.

The city and United Way California Capital Region say the Foster Youth Guaranteed Income Program will send the money for up to two years, or until a recipient turns 25, whichever comes first.

Applications open October 1st of 2026 and close at 11:59 p.m. on October 31st of 2026. One hundred eligible applicants will be chosen by lottery, with notices starting the first week of November. Payments are set to begin January 15th of 2027.

Applicants must be ages 16 to 23 when payments start, live in the city or county of Sacramento, or be receiving homeless services there. They must be former foster youth who left care after age 16, or current foster youth within 90 days of leaving when payments start. Household income has to sit at or below 300% of the federal poverty level. Immigration status does not affect eligibility.

Recipients do not have to join any other services to keep the checks. They can spend the money as they choose.

The city is paying for the program with Measure L, the 2022 Sacramento Children’s Fund that requires the equivalent of 40% of local cannabis tax revenue to go to child and youth services.

United Way California Capital Region will run the program. The nonprofit has administered guaranteed-income pilots in the region since 2021.

Mayor Kevin McCarty addressed the funding.

“Supporting former foster youth as they transition into adulthood is an investment in their future and our community’s future. We’re putting our Measure L funding where it can have the greatest impact.”

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The post Major US City Launching $8,000,000 No-Strings-Attached Guaranteed Income Program That Pays Enrollees Hundreds of Dollars Monthly appeared first on The Daily Hodl.

People on Supplemental Security Income are getting two payments in October because the November check is arriving early.

The schedule from the Social Security Administration moves a payment to the prior business day when the first of the month falls on a weekend or federal holiday.

November 1st is a Sunday, so the November payment is set for October 30th.

The regular October payment still goes out on October 1st. That is not an extra check.

Recipients get nothing on November 1st, then the next SSI payment is December 1st.

People on regular Social Security keep the usual birthday schedule. The early deposit is only for SSI.

People who get both can see three deposits in October, because the Social Security check still comes on its own date.

The maximum SSI payment in 2026 is $994 for an individual and $1,491 for a couple, with an average payment around $736.

SSI supports low-income Americans who are 65 or older, blind or disabled.

The same shift hits in December. January 1st, 2027 is a federal holiday, so that payment moves to December 31st.

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The post Social Security SSI Recipients Getting Two Payments in October – Here’s Why appeared first on The Daily Hodl.

A dental patient has spent years mailing $1 payments after a bill came in at triple the out-of-pocket limit they say was set before treatment.

The Redditor told the dentist insurance was maxed out and they could only cover $400 with no extra work beyond that, then confirmed the cap again in the chair.

Staff later said the total was $1,200 and that the work had already been done, so that was the bill.

The patient paid the agreed $400 and was billed for the rest.

Dentist didn’t obey my limit and sent me big bill…
by u/DavidinCT in pettyrevenge

For about four and a half years they mailed $1 each month — enough to stay current and dodge late fees without clearing the disputed balance.

After the dentist died, the office called, heard the original dispute, wrote off what was left with no credit hit and apologized.

One commenter summed up the reaction.

“Health care billing in general is a scam.”

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The post Patient Sends $1 Monthly Payments for Years to Protest Dentist’s Alleged Overcharge – ‘Health Care Billing In General Is a Scam’ appeared first on The Daily Hodl.

A Hinge first date has ended with one person covering both meals after the other showed up more than an hour late, flirted with the server and walked out.

TikTok creator @christiancooks99 says the plan was for 6:30 near his apartment. He waited about 40 minutes with no reply, went home, then came back after she messaged around 8 p.m. that she had just arrived.

When he said he was 10 minutes away, she warned she would leave if he was not there by 8:30.

He said that after they sat down she complimented the server’s hair and jewelry in a way that felt openly flirtatious.

@christiancooks99#dating #relationships #storytime? original sound – christiancooks

He stepped away briefly. When he came back she had taken her food and gone. A napkin note said she headed to O’Tools to watch the game. Both checks were unpaid.

Viewers urged firmer boundaries next time.

“Have strict boundaries Christian, you seem kind and empathetic and many people can take advantage of that.”

Others said he should have left after the first long silence and never gone back.

He says she told him it was not nice to keep a lady waiting and she did not sound like she was joking.

When he asked why she was late, she said she had told him she would be. He said she never texted that.

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The post Man Says First Date Flirted With the Server After Arriving an Hour Late – Then Left Him With the Check appeared first on The Daily Hodl.

Federal prosecutors say they’ve obtained a guilty plea from an Ohio resident who ran a fraudulent investment scheme that stole more than $3 million from victims across two states.

John E. Brown II, 45, of Brecksville, Ohio, pleaded guilty on September 29th, to 17 counts of wire fraud and two counts of engaging in monetary transactions in criminal proceeds, says the U.S. Attorney’s Office for the Northern District of Ohio.

The scheme centered on nonexistent bundled tickets to sporting events and theme parks that Brown falsely portrayed as fluctuating in value like stocks and doubling through splits.

Victims wired funds after seeing fake documents and actors posing as successful investors, yet Brown moved roughly $1.375 million to casinos for personal gambling.

Three victims lived in Berea, Mayfield Heights and North Royalton, Ohio, while two others resided in Cape Coral and Orlando, Florida.

Each wire fraud count carries a maximum 20-year prison term, while each money laundering count allows up to 10 years, with sentencing scheduled for January 7th, 2027.

The FBI Cleveland Division conducted the investigation.

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The post Ohio Resident Admits to Orchestrating $3,000,000 Fake Ticket Investment Fraud Scheme appeared first on The Daily Hodl.

A Connecticut hotel management company has disclosed a data security incident that may have exposed Social Security numbers, financial details and medical information.

Waterford Hotel Group, LLC and LMD Holding Company, LLC say they identified suspicious activity on certain computer systems on May 5th of 2026, then confirmed that an unknown actor gained access and was able to view or download data.

The types of information on the impacted systems vary by person and may include names, driver’s license numbers, Social Security numbers, passport numbers, taxpayer IDs, financial account information, payment card details, usernames and passwords, medical information and health insurance information.

Waterford says there is no indication of any actual or attempted identity theft or fraud tied to the event.

The company posted an official notice and said it notified potentially affected people after finishing its review of what was impacted.

Waterford encouraged people to review account statements and credit reports for suspicious activity and to promptly report anything unusual to their bank or card issuer.

People seeking more information can call 1-888-940-9724.

Waterford Hotel Group is a hospitality management firm based in Waterford, Connecticut.

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The post Connecticut Hotel Operator Data Breach Puts SSNs, Financial and Medical Records at Risk appeared first on The Daily Hodl.

A Connecticut bank customer has lost $89,000 after someone allegedly completed an unauthorized in-person wire transfer from his account.

Westport police charged a 38-year-old Brooklyn, New York man in the case, reports Patch.

John Hammonds, 38, was arrested Monday on first-degree larceny and third-degree identity theft charges and remains in custody in lieu of $70,000 bail.

Police say the victim’s bank alerted him that someone made an unauthorized in-person wire transfer of $89,000 from one of his accounts to an unaffiliated account in January of 2025.

Investigators identified Hammonds as a suspect after Westport police said he conducted the transaction at an M&T Bank branch in New York while representing himself as the victim.

Westport police obtained an arrest warrant, and on August 20th the department was notified that New Jersey authorities held Hammonds and planned to extradite him to Connecticut on unrelated charges.

After extradition, Westport detectives charged him and he was arraigned in Stamford Superior Court, with his next court date set for November 9th.

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The post New York Man Accused of Draining $89,000 From Connecticut Account With In-Person Wire Transfer appeared first on The Daily Hodl.

Americans who overpaid for certain generic drugs can now file for a share of about $96.5 million.

A multistate coalition led by Michigan says a federal court in Connecticut this month gave preliminary approval to a plan that splits funds from Glenmark, Lannett, Bausch, Apotex, Heritage and Heritage’s parent Emcure.

Attorney General Dana Nessel of Michigan is telling shoppers who bought listed generics from May of 2009 to December of 2019 to check the site and file.

Attorney General Nessel says consumers who paid high generic prices because companies put profits over fairness are now entitled to compensation.

“Consumers who paid the high price of generic drugs because companies placed profits over fairness are now entitled to compensation.

This settlement holds companies accountable for conspiring to inflate drug prices. If you purchased certain generic medications during the covered period, I encourage you to check your eligibility and file a claim. My office is committed to putting money back into the hands of those it belongs to: the consumers.”

Eligible buyers can file at AGGenericDrugs.com, call 1-866-290-0182 or email info@AGGenericDrugs.com.

The states have been pursuing the price-fixing cases since 2016.

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The post Americans Can File for a Share of $96,500,000 in Generic Drug Price-Fixing Settlements appeared first on The Daily Hodl.

Customers at a lender in Wyoming are still seeing surprise pending charges and balances that do not match a week after accounts came back from a cyberattack.

Hilltop Bank restored personal systems after an outage tied to the incident, but delayed transactions from that stretch are still posting, reports Cowboy State Daily.

Alyssa Schwindt of Casper said $519 in pending charges to her cellphone provider, AutoZone and Walmart showed up even though she had already paid those bills.

She tried to withdraw $1,500 for rent and was told only about $1,100 was available because of those floating transactions.

Annastacia Potter of Glenrock said a backlog of charges hit after the systems returned, leaving her husband unable to pay for a meal on the road, and that the bank canceled payments to wedding vendors.

Hilltop spokesman Bill Salvin said the charges were delayed in posting but should not have been a surprise.

“The charges were delayed in posting to accounts. However, they should not have been unanticipated.”

Salvin said customers who kept accurate records have not been affected, and the bank has no evidence customer data was compromised after the systems were restored.

The outage began on September 8th of 2026. Personal mobile banking returned on September 21st. Full personal systems came back on September 22nd.

The bank says it will work with overdrawn customers and reimburse late fees.

Its last update, on September 24th, said no further updates were expected now that systems are up.

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The post Wyoming Bank Customers Still Seeing Surprise Charges a Week After Cyber Outage appeared first on The Daily Hodl.