March 31, 2021

Day: March 31, 2021

KC financial adviser for pro athletes accused of fraud

A Kansas City area financial adviser is accused of defrauding clients — including some professional athletes — by overcharging fees and recklessly steering them toward risky investments that resulted in millions of dollars in losses.

Douglas E. Elstun, 52, of Lenexa, faces civil penalties and permanent revocation of his ability to act as a financial adviser, according to a complaint filed in federal court Monday. The matter was investigated by the U.S. Securities and Exchange Commission.

John Picerno, an attorney representing Elstun, described Elstun’s conduct as an error he made while trying to overextend himself to those he was

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Insurrection extremists raise funds for legal bills

Defendants accused in the Capitol riot Jan. 6 crowdfund their legal fees online, using popular payment processors and an expanding network of fundraising platforms, despite a crackdown by tech companies.

The Capitol riot extremists and others are engaging these companies in a game of cat-and-mouse as they spring from one fundraising tool to another, utilizing new sites, usernames and accounts.

In one case, a crowdfunding website set up in late 2020 has been adopted by a defendant charged with storming the Capitol, who used it to raise almost $180,000. His was one of eight fundraisers on the site as of

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Whether or not to get vaccine a personal decision for Rays

PORT CHARLOTTE — Well, this could get awkward.

Conversations and discussions in the Rays’ clubhouse and others around the majors are about to get interesting, and possibly inflammatory, with formal introduction of a serious subject.

One with the potential to significantly improve everyone’s working conditions. But also that can and likely will broach typically off-limit matters such as personal medical issues and philosophical and religious beliefs. And potentially cause divisiveness within their ranks.

Whether to get the COVID-19 vaccine.

“Everybody’s going to … bring their own experiences to whatever the issue is at hand. A lot of these guys, some

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What You Need To Know Before Starting A Cryptocurrency Business

By Tyler Gallagher, CEO and Founder of Regal Assets, an international alternative assets firm with offices in Beverly Hills, Toronto, London and Dubai.

Starting a business is never an easy feat, especially so when it’s a cryptocurrency venture. Cryptos still occupy a new space in the market that’s still impacted by financial and regulatory risk. Yet stories of fame, fortune and get-rich-quick IPOs tempt many an entrepreneur to the cryptocurrency sector — and too often for the wrong reasons. 

Cryptocurrency holds the potential to democratize finance and create a true peer-to-peer medium of exchange that’s free from government

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Millions More to Get Stimulus Payments Next Week, I.R.S. Says

Credit…Eric Gay/Associated Press

Some of the most vulnerable Americans still haven’t gotten their stimulus checks, but millions of them who receive federal benefits should get their payments next week, according to the Internal Revenue Service.

People who receive benefits from Social Security, Supplemental Security Income, the Railroad Retirement Board and Veterans Affairs — but do not file tax returns because they don’t meet the income thresholds — were among those who

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Ever Given: Legal and Insurance Implications

Courtesy Suez Canal Authority

By

Philip Teoh


03-28-2021 05:18:00





As the saga of Ever Given and the salvage efforts continue to unfold, the longer term effects bear examining.


The fragility of trade routes – which have been sorely tested by disruptions caused by Covid-19 and a shortage of containers – were once again exposed when the large container ship Ever Given ran aground while transiting the Suez Canal on March 23, lodging herself against both banks. 


The ship is about 400 meters in length, roughly equal to the height

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