Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Ippei Mizuhara, 39, agreed to plea guilty to one count of bank fraud and one count of subscribing to a false tax return.
The former interpreter for Shohei Ohtani could face up to 30 years in federal prison under the plea deal.
The investigation into Mizuhara’s sports betting was part of a larger probe involving illegal gambling operations.
The former interpreter for Dodgers star Shohei Ohtani has agreed to plead guilty to two federal charges for stealing nearly $17 million from the two-time MVP’s bank account to pay off illegal gambling debts, prosecutors say.
Ippei Mizuhara, 39, could face more than 30 years in federal prison under the plea deal, according to the U.S. Attorney’s Office.
Prescription delivery service provider MediSecure, which fell victim to a large-scale cyber breach that compromised the personal health information of thousands of Australians in April, has entered voluntary administration and is expected to face its creditors later this month.
FTI Consulting on Wednesday issued a statement in which it said Vaughn Strawbridge and Paul Harlond were appointed as voluntary administrators of MediSecure on June 3, and liquidators of the company’s subsidiary, Operations MDS, on June 4.
MediSecure has been working with cyber and forensic experts from McGrathNicol Advisory.Credit: Elise Amendola
Until late 2023, the Melbourne-based firm, founded in 2009, was a national prescription delivery service provider…
University course fees may be changed and students given more support in paying their Hecs and Help debts, as part of a proposed massive overhaul of the tertiary education system being considered by the education minister, Jason Clare.
The changes may include paying some students to complete work experience as the government plans for the “workforce of the future”.
“The individuals who paid Mr Scholz for his tips, to attend seminars or access private online forums, as well as those individuals who purchased shares based on his recommendations or statements of opinion, did not have the benefit of these protections.”
Lenders to Byju’s Alpha filed an insolvency petition after the Indian education startup missed payment on a $1.2 billion loan.
The move, announced by creditors in an emailed statement on Thursday, is the latest step in the fight between the startup founded by Byju Raveendran, once valued at $22 billion, and its creditors. Lenders have already taken control of its units in Singapore, while the company is challenging their moves in the US.
BERGAMO, ITALY – OCTOBER 01: Nicolo Fagioli of Juventus looks on during the Serie A TIM match … [+] between Atalanta BC and Juventus at Gewiss Stadium on October 01, 2023 in Bergamo, Italy. (Photo by Emilio Andreoli/Getty Images)
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Juventus midfielder Nicolò Fagioli has spoken about extreme threats of violence as he owed illegal gambling sites over $3million.
The 22-year-old has been banned from football for 12 months, with five of those months dependent on him receiving therapy for his gambling addiction. Should he adhere to the conditions, Fagioli will be eligible to return to the field after seven months.
Turin-based newspaper Tuttosport has today revealed quotes from Fagioli’s testimony to the Federal…
Home builder Mahercorp, which entered administration in April last year owing $75 million and emerged from it in June, has halted agreed repayments to some creditors in a move that blows the lid on unauthorised side deals that may be used to get support for the restructure of an insolvent company.
The tsunami of building company collapses continues unabated, with Perth housing customers suffering losses and delays as a sixth builder has collapsed in just weeks.
Western Australian home builder Start Right Homes has been sent into liquidation with another 24 hapless customers of failed builders joining the ranks of the disgruntled.
The Osborne Park building company, which mainly constructed single-storey houses and was first registered in 2014, described itself as a specialist in architectural stylings.
The company’s website and social media pages have been taken down.
In an interview on Perth radio Peter Stewart, Executive Director, Building and Energy said home owners with incomplete or defective…
Debt can be crippling. It can snowball so large that you can barely keep up with the minimum payments and barely address the principal owed. If you fall behind, you get bombarded with creditors calling you to pay up or threatening you with legal action. You can be taken to court over your debt with a judgment against you that can put a lien on what assets you do have or put a stranglehold on your income.
Fortunately, the federal government can help with debt in some ways. This article will cover four government programs to help you settle debt. Some are better options than others. But as the founder of Yield Alley, Larry Zhong, warns, “Not everyone is eligible for federal programs.”
Which passenger airlines have gone bankrupt this year so far? We look at what went wrong, the remaining fleet and years in operation.
Aeromar ATR 42
Aeromar: ( Mexico, 1987-2023) When Aeromar declared bankruptcy they stated it had not been able to recover from financial difficulties stemming from the global downturn in travel caused by the COVID-19 pandemic starting in 2020. The Mexico City international airport said in a statement that Aeromar owed about $27.5 million in fees, services and other debts. The regional carrier operated 21 routes in Mexico and flew to McAllen and Laredo in Texas and Havana, Cuba. It specialized in flying routes between Mexico City and beach resorts. The airline had 26 ATR 42s and eight ATR 72’s….
