The former NBA player banned for life for sports betting admitted Wednesday to tipping off gamblers to games he purposely was going to rig — and earning them $1 million — in an effort to clear his own gambling debt. Former Toronto Raptors forward Jontay Porter, 24, pleaded guilty to conspiracy to commit wire fraud…
Banned NBA player Jontay Porter admits to $1million gambling scheme and pleads guilty to federal fraud charges, saying he only took part in the plot ‘to get out of debt’ MSN Read the original article here
Connecticut’s Mohegan Sun Casino is pursuing former Hollywood executive Ron Meyer for over $2.7 million in unpaid markers, according to a lawsuit filed in the state’s Superior Court in New London. Meyer, 79, who served as president and COO of Universal Studios from 1995 to 2013, is known for his fondness for playing craps. The…
The government is finally making moves on that student debt relief they’ve been teasing us with for months. Today, they’re dropping a bill in Parliament that could potentially wipe $3 billion off our collective HECS-HELP debts. Let’s break down what this means for your wallet and your future. Why do I feel like the Gen…
On 1 June last year, indexation was applied on my then HELP debt of $87,722 at 7.10 per cent. This resulted in a $6,228 debit being applied to my HELP account. This year, student debts are due to rise by 4.8 per cent, the second highest indexation rate in a decade. HELP indeed! I am…
The global economy avoided what could have been a systemic debt crisis during the turbulence of recent years, but vulnerabilities remain amid high debt servicing costs that pose an important challenge for low and middle-income countries. Some may yet confront major tests. When countries do falter on debt, restructuring is critical to containing the damage.…
Preventing a Default on Development and Climate: How Debt Relief Can Support Development Efforts for over 1 Billion People Myanmar. Photo by Anna Claire Schellenberg via Unsplash. By Marina Zucker-Marques Investing in development and climate while maintaining economic and financial stability is a balance that emerging market and developing economies (EMDEs) need to strike in…
This overview is excerpted from Manatt on Health, Manatt’s subscription service that provides in-depth insights and analysis focused on the legal, policy and market developments. On July 26, Centers for Medicare & Medicaid Services (CMS) approved North Carolina’s plan to condition enhanced Medicaid payments on hospitals’ participation in a statewide medical debt relief policy initiative.…
As 2024 starts, the good news is that there haven’t been any notable requests by a low-income country for comprehensive debt relief since Ghana’s, more than a year ago. Despite this, vulnerabilities remain, with high debt servicing costs a growing challenge for low-income countries. Financing pressures due to relatively high interest payments and the pace…
Religious leaders meet in Kigali last week (CNA/Caritas Africa) Church leaders in Africa have called for large-scale debt cancellation to relieve the continent’s crushing debt burden. Source: The Tablet. According to the African Development Bank, Africa’s total external debt stood at $US1.15 trillion in 2022 and rose to $1.52 trillion in 2023. The Church leaders…