A 38 year old woman learned about $72,000 in credit card debt her husband had accumulated through online sports betting over roughly two years, when a collections agency called her cell phone looking for him. Six separate cards were involved, several opened without her knowledge. The couple is now trying to stay together while figuring…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A 38 year old woman learned about $72,000 in credit card debt her husband had accumulated through online sports betting over roughly two years, when a collections agency called her cell phone looking for him. Six separate cards…
A St. Louis drug trafficker who gambled away more than $1.5 million belonging to Mexico’s notorious Sinaloa Cartel has been sentenced to 15 years in federal prison. Prosecutors said Rockette received cocaine and fentanyl on credit from suppliers linked to the Sinaloa Cartel. After gambling away the proceeds, he allegedly relied on Chinese and Mexican…
Dive Brief: A federal appeals court on Friday rejected the U.S. Department of Education’s latest request to delay its deadline for deciding tens of thousands of borrower defense cases. In 2022, the Education Department agreed to a settlement in a long-running class-action case brought by students seeking decisions on their borrower defense applications, which can…
Experts are warning of a fresh uptick in student loan scams right now, as fraudsters seek to prey on borrowers’ fears of skyrocketing payments. While student loan fraud isn’t new, scam attempts have climbed this year, said Jason Williams, assistant inspector general for investigations at the Education Department’s Office of Inspector General. Complaints to the…
They’ve been playing organized sports in this country for well over 150 years and from day one, there’s been one thing that has kept officials on edge: the fear of the impact gambling might have on the games and their participants. The folks who run athletics worried about the influence that betting would have on…
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Illegal online gambling operations across Southeast Asia are contributing to a wider criminal environment that exposes young people to debt and increases their vulnerability to recruitment by organized crime groups, a new United Nations assessment has warned. The United Nations Office on Drugs and Crime (UNODC) examined the issue in its latest report, “An Interconnected…
R47.1 billion in new arrears: The alarming state of municipalities in Eskom’s debt relief programme IOL Read the original article here