April 2, 2021

Day: April 2, 2021

Former ParTech CFO pleads guilty to federal fraud, money laundering charges

SYRACUSE, N.Y. – The former chief financial officer of ParTech in New Hartford pleaded guilty to federal fraud charges Thursday, after stealing money from the company to invest in a diamond selling scheme.

Michael Bartusek, 58, of Fairport, pleaded guilty to wire fraud, money laundering and filing a false tax return.

Bartusek admitted to defrauding the company of $776,000 from the summer of 2015 through the end of 2016, to invest in buying and selling diamonds from overseas. Bartusek told the court he had hoped to gain enough profits from the diamond sales to pay the money back before the

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Gulfport’s Tuesday market helps put vendors back in business

Gulfport’s Tuesday markets have always been busy.

“So, it’s just sort of become the heart of Gulfport, you know, one of our big our weekly events that we have, and it just kind of the heartbeat of our town,” explains Victoria Ann Wenners, cook chef at the Gulfperk Coffee Shop.

But, in March of 2020 they abruptly stopped, like much of everything else.

“I was a self employed vendor who did shows like this. I did Renaissance fairs and large music festivals and whatnot. So my industry went completely dark. And I lost my my business of 20 years, to

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Three Tales of Troubled Insurance Relationships

Three insurance relationship tales from today’s newswire.

Thrice-divorced Natalie Galumpkin says she knows a bad experience when she has one and her experience buying home insurance through the HipHome app was one of the worst.

She is suing the insurtech that promised she would be “thrilled” with the new kind of experience she could have with a home insurance provider if she dropped her old agent for HipHome.

“It’s time you loved your home insurer and your home insurer loved you back,” says the insurer’s marketing brochure with a shirtless model model beckoning.

“I have always wanted a closer and

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Santander Eyes Expansion in Leveraged Finance, ESG-Linked Debt

Banco Santander SA is expanding its leveraged finance business under Rafael Noya, who took over as head of global debt financing a year ago.

The Spanish bank is broadening its lending to speculative-rated borrowers from its traditional focus on high-grade debt, Noya said in an interview. It’s been building a team to get more high-yield mandates in Europe and the U.S.

“There will be a difference in the size of the deal, but we will have a well-rounded product to play head-to-head in the U.S. market too,” Noya said.

Recent deals include funding the buyout of Spanish telecommunications firm Masmovil

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Accused Orange County shooter had ‘business and personal’ relationship with victims, police say

A gunman who shot and killed three adults and a 9-year-old boy came armed with a semi-automatic handgun, pepper spray and handcuffs, police said, and he used bicycle cable locks to chain the gates of the Orange business complex.

Law enforcement officials made clear on Thursday that the mass shooting the prior evening that also left two people in critical condition was not a random attack, but stemmed from a personal and business relationship between the alleged shooter and the victims.

Police identified the suspected shooter as 44-year-old Aminadab Gaxiola Gonzalez, but did not officially release the names of the

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