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A crypto hedge fund manager was sentenced to over 7 years in prison for running a Ponzi scheme

Bitcoin Dan Kitwood/ Getty Images Stefan Qin was sentenced to seven and a half years in prison, the US attorney's office for the Southern District of New York said Wednesday. Qin pleaded guilty in February after prosecutors said he ran a three-year Ponzi scheme through his crypto hedge fund. The US Attorney's office said over 100 investors in Qin's fund were scammed. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A former cryptocurrency hedge fund manager who pleaded guilty to securities fraud after prosecutors said he ran a Ponzi scheme was sentenced to seven and a half years in prison, the US attorney's office for the Southern District of New York said Wednesday. From 2017 to 2020, 24-year old Stefan Qin stole and dissipated nearly all of the assets of...

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Spending gluttony is Washington’s deadly sin

Democrats are ready to raise taxes. They want more revenue, in part to fund an out-of-this-world amount of new spending. Some simply want to soak the rich, as Rep. Alexandria Ocasio-Cortez, D-New York, plainly signaled at the Met Gala by wearing a white dress with “TAX THE RICH” scrawled across it in red paint. While the public may be more receptive to the idea because of concerns over high budget deficits, let’s not be naive — many voters believe that these tax hikes won’t hit them. There’s so much wrong about this assumption. Writing for The Dispatch, the Manhattan Institute’s Brian Riedl documents President Joe Biden’s spending plan, which would expand federal government spending by $11 trillion over the next decade. This spending would help fund a cradle-to-grave new world in which gov

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Entertainment

Liam and Noel Gallagher’s dad Tommy embroiled in legal dispute over home where Oasis stars grew up in

Liam and Noel Gallagher are estranged from their dad Tommy (Picture: Rex)Liam and Noel Gallagher’s father Tommy is facing homeless as he is locked in a legal battle over the home the rockers grew up in. Tommy, 77, who estranged from his musician sons, is alleging a man called Thomas Keenan – said to be a childhood friend of the brothers – ‘scammed’ him out of his home by suggesting his brother Ricky could buy his home for him. He adds that as part of the deal he would be able to live in the property rent-free for the rest of his life, but it is claimed he signed papers agreeing to pay £650 a month in rent. Gallagher denies this. When his mortgage deal expired he was left with £27,000 outstanding and no way to pay it. Judge Colin Green said the house was sold in 2017 to Hanna...

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Entertainment

I’m So Bad at Saying What I Want in Bed!

Dear Sophia, I’m just beginning a new relationship with someone I really like, but I still feel some anxiety around sex. I’m not really used to being with someone who actually cares about my preferences, and I’m having a hard time expressing what I want or need in bed. It’s normally very easy for me to express my feelings in a brutally honest way, but I still feel so awkward translating that to the bedroom. It shouldn’t be this hard to say what I want, right? Shy in the Sheets Dear Shy in the Sheets, I believe that there exists a mathematical phenomenon where most people are below average at talking about sex, even if they’re good at having it. (Please don’t explain statistics to me.) Talking about sex is fraught as all hell outside of the bedroom, which is to say nothing about expressing

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Daniel Craig gets through ’20 to 25 suits in one action scene’ as James Bond – and kudos to his tailor

Daniel Craig gets through ’20 to 25 suits in one action scene’ as James Bond (Picture: MGM/Rex/AP)Daniel Craig has revealed it takes 20 suits to see him through one single action scene as James Bond. The actor, 53, who is gearing up for the release of new Bond movie No Time To Die later this month, revealed he burns through his tailored two-pieces during filming. Seriously, someone give that man’s tailor a raise. In character as 007, Daniel is often performing stunts on set and speaking in a new episode of No Time To Die’s official podcast, he revealed: ‘If I have a suit that’s involved in an action sequence, I need 20 or 25 of them.’ Well, sure we know that Bond always has to look his sharpest self, but that’s a lot of suits for just one scene. No Time To Die will see Da

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Investor interest in secondhand retailers like The RealReal and ThredUp continues to rise as sales expand

Interest in secondhand items has expanded beyond Poshmark. Brendan McDermid/Reuters Secondhand retail is expected to grow by 69% from 2019 to 2021, a World Resources Institute report said. A ThredUp report said a secondhand clothing item had an 82% smaller carbon footprint than a new one. Several startups have raised lots of funding for specialized platforms and support services. Subscribe to our weekly newsletter, Insider Sustainability When I want to buy something fancy or moderately expensive from a brand like Tumi or Patagonia, I don't just look for sales - I also check out websites like eBay and Goodwill Auctions, as well as listings on platforms like ThredUp, Poshmark, Grailed, and The RealReal, for secondhand items to see if I can save a few bucks. Sometimes the secondhand items h

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The best mortgage lenders for first-time buyers of September 2021

The best mortgage lenders for first-time homebuyers are user friendly and have special programs. Alyssa Powell/Insider Table of Contents: Masthead StickyBest mortgage lenders for first-time buyers of September 2021 Mortgage lender Min. credit score Standout feature Next steps Bank of America 640 Down payment/closing cost assistance Bank of America Mortgage Chase 640 DreaMaker mortgage program Chase Mortgage Guild Mortgage 620 Down payment assistance Guild Mortgage Navy Federal Credit Union 660 HomeBuyers Choice mortgage Navy Federal Credit Union Mortgage NBKC Bank 640 Live online chat NBKC Bank Mortgage New American Funding 640 I CAN mortgage New American Funding PNC Bank 620 $1,500 grant PNC Bank Mortgage Quicken Loans 620 Customer satisfaction Rocket Mortgage by

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The 24-year old jewelry designer, whose rings have been spotted on Serena Williams and Meghan Markle, uses half her profits to fund female entrepreneurs

Shilpa Yarlagadda Courtesy of Shilpa Yarlagadda; Taken by Shoji Van Kuzumi Shilpa Yarlagadda, 24, is the founder of fine jewelry line Shiffon. The brand is known for its spiral pinky rings, which represent the pinky promise to support and empower women. Meghan Markle wore the pink ring on the cover of Time for its 100 'most influential' people list. Visit Business Insider's homepage for more stories. This article was originally published on November 4th, 2020. On September 14th, 2021 Meghan Markle wore Shiffon jewelry on the cover of Times' 100 Most Influential List. This article has been updated to reflect that. When Shilpa Yarlagadda was in between her freshman and sophomore years at Harvard, she had an idea. At the time, she was a computer science major with no experience in jewelr

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Entertainment

Piers Morgan congratulated by rival GB News in cheeky tweet after News UK role announced: ‘We love competition’

Piers has announced he will be joining News UK’s new TalkTV channel (Picture: Getty)Piers Morgan will be taking up a new job at News UK’s newly-confirmed TalkTV channel and fellow newbie broadcaster GB News is already gearing up for a fight. Piers, 56, has been absent from screens since quitting Good Morning Britain in March after refusing to apologise for comments on Meghan Markle’s interview with Oprah Winfrey. But on Thursday it was confirmed that Piers would be heading to News UK after months of speculation about his future as a broadcaster. GB News, which was launched earlier this year as a brand new channel, quickly reacted to the news, finding the opportune moment to congratulate their new rival. The post from the channel’s official account read: ‘Congratulations to @p...

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Whitney Houston’s iconic movie The Bodyguard is ‘getting a remake’, for some reason

The Bodyguard could be getting a remake (Picture: Rex)Today in ‘quite unnecessary movie remake’ news, The Bodyguard is reportedly set to be getting the remake treatment. The 1992 drama featured Whitney Houston in her first acting role as a music superstar and Kevin Costner as the former secret service agent hired to protect her. It was a global hit and its soundtrack is one of the best-selling in movie history, thanks to karaoke classics including I Will Always Love You and I Have Nothing. A reimagined version is in the works, with acclaimed playwright Matthew Lopez writing the script, according to Variety. It is said to be in development at studio Warner Bros. No casting choices were announced, but whoever is cast will have seriously big shoes to fill. The movie’s sou...

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7 incredible Bay Area things to do this weekend, Sept. 17-19

There’s a ridiculous amount of cool stuff to do around the Bay Area this weekend, from music festivals and an edgy play about video gamers to new restaurants to check out and a dream trip to Carmel, so let’s get right down to the serious business of having fun, shall we? And if you are headed to a live performance or exhibit, please check the venue or production’s website for the latest COVID safety precautions before you go. (Psst, if you want to get this Weekender lineup delivered to your inbox every Thursday morning for free, just sign up at www.mercurynews.com/newsletters or www.eastbaytimes.com/newsletters.) 1 SEE & HEAR: Amazing shows and festivals As the Bay Area adjusts to the latest COVID conditions, there are a LOT of live and streaming shows to see this weekend, from major ...

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How the Air Force gave a wrecked F-35 a second life after a $176 million crash

US airmen cut off the wing of a condemned F-35A Lightning II and prep it for transport at Eglin Air Force Base, Florida. US Air Force courtesy photo A botched landing in May 2020 left an F-35 a mess of scorched metal that would never fly again. Rather than scrap the burnt remains, the Air Force decided to give the F-35 a second life. Airmen with the 372nd Training Squadron at Hill Air Force Base have repurposed the jet to train maintainers. See more stories on Insider's business page. Last year, it was an F-35A Lightning II fighter jet - one of the most advanced aircraft the world has ever seen. Now, after a crash that cost an estimated $176 million, it's being cut into pieces for training aids. The Air Force jet was left a mess of scorched metal that would never fly again after a botch

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60% of millennials earning over $100,000 say they’re living paycheck to paycheck

High-earning millennials are stretching their paychecks. Edward Berthelot/Getty Images In a survey this June, 60% of millennials earning over $100,000 said they live paycheck to paycheck. Some of these millennials - known as HENRYs - prefer a comfortable, expensive lifestyle. In today's economy, $100,000 is considered middle class in the US. See more stories on Insider's business page. High-earning millennials feel broke. Sixty percent of millennials raking in over $100,000 a year said they're living paycheck to paycheck, found a survey this June by PYMNTS and LendingClub, which analyzed economic data and census-balanced surveys of over 28,000 Americans. It found that about 54% of Americans live paycheck to paycheck. And nearly 40% of high earners - those making more than $100,000 annua

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Texas’ Nutso New Abortion Law Appears To Have Actually Enhanced Support For Abortions In America

Spencer Platt/Getty Images If the goal of Texas’ new abortion ban was to enrage enough people to actually increase support for abortion in America, then congratulations, Texas—you’ve done it! In what was undoubtedly an unintended consequence of Lone Star State lawmakers deciding they had the power to overturn the 1973 Supreme Court ruling on Roe v. Wade, and a woman’s federal right to health care—which, yes, includes abortion—Forbes is reporting that support for abortion being legal across America might actually be on the rise. According to the numbers in a new Quinnipiac poll, which was conducted between September 10 and September 13 with 1,210 U.S. adults responding, a record-high 31 percent of respondents said that abortion should be legal in all cases while another 31 percent support

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