Getty Image Former Toronto Raptors forward Jontay Porter was banned from the NBA for life in April after he was found to have bet on NBA games, including those in which he plays. Why would Porter, the younger brother of Nuggets star Michael Porter Jr., risk his career in such a bold way? Well, Stefan…
If you’ve been watching your card debt grow recently, now is the time to do something about it. Getty Images Americans are, unfortunately, no strangers to credit card debt, and a new Federal Reserve Bank of New York report shows just how quickly those problems are compounding. The total credit card debt nationwide hit a…
EXCLUSIVE Cruise passengers have come forward to share alarming stories of how they were caught in gambling traps onboard luxury liners, after a man plunged to his death when he racked up large debts. Shane Dixon, 45, was travelling on his first-ever cruise aboard P&O’s Pacific Adventure last week when he lost $9,000 over two nights in the…
Using home equity to manage debt can be a strategic move. But it’s also risky, so careful planning is key. Consider following these steps if you’re thinking about using a HELOC for debt consolidation. 1. Assess Your Financial Situation The first question to ask yourself is this: Do I have enough equity in my home…
EXCLUSIVE In just one week, on May 26, Shane Dixon should be celebrating his 46th birthday. Instead, the father-of-three’s family has been left heartbroken after he plunged to his death from a P&O cruise ship on May 6 having racked up a $9,000 casino debt he couldn’t afford to pay. In recent years, Shane had…
There are multiple ways to pay off $10,000 worth of credit card debt right now. Getty Images With the cost of living and inflation elevated, many people use credit cards to cover basic needs. But carrying a balance comes at a price. According to the Federal Reserve, credit card interest rates average nearly 23% right…
What to Know Ippei Mizuhara, 39, agreed to plea guilty to one count of bank fraud and one count of subscribing to a false tax return as part of a deal with prosecutors. The former interpreter for Shohei Ohtani could face up to 30 years in federal prison under the plea deal. The investigation into…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Coca-Cola is selling €1bn of new debt that it may use to help pay potential charges arising from a decade-long dispute with US tax authorities, in which the company could owe $16bn. The proceeds will…
On Tuesday (4 June) morning, former Shohei Ohtani interpreter Ippei Mizuhara pled guilty to two federal counts of stealing $17m from Ohtani. Mizuhara fell hard and fast into gambling debt with an illegal bookmaker. His sentencing is set for 25 October. Mizuhara, wearing a dark suit with an untucked shirt and no tie, told Judge…
Not all debts are bad ones. But bad debts can hang heavy around your neck and create long-term financial strain. Here’s the good news about bad debt: You can reduce it. When you have a clear view of your outstanding accounts and amounts, you can use the following tips to get out of debt. 1.…