April 11, 2021

Finance

How to protect yourself (and your business) from financial scams

The top prosecutor for Prince George’s County in Maryland has some tips to keep you and your business from becoming victims.

Sometimes businesses or individuals are reluctant to report that they’ve been victimized by financial crimes — or they report them too late to recoup the lost money.

The top prosecutor for Prince George’s County, in Maryland, has some tips to keep you and your business from becoming victims.

State’s Attorney Aisha Braveboy, in a virtual news conference, highlighted a couple of ongoing cases and offered tips to keep it from happening to you.

In one case, a former bookkeeper

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China’s bitcoin crackdown contradicts Peter Thiel’s belief that it is a ‘financial weapon’ against U.S.

Billionaire venture capitalist Peter Thiel made waves Tuesday when he suggested that bitcoin could be thought of as “in part a Chinese financial weapon against the U.S.,” because, he argued, bitcoin undermines the U.S. dollar’s status as the world’s reserve currency.

“From China’s point of view, they don’t like the U.S. having this reserve currency because it gives the U.S. a lot of leverage over Iranian oil supplies and all sorts of things like that,” the PayPal
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+0.86%
founder and Facebook
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board member said during a virtual event for the Richard Nixon Foundation. Bitcoin
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+3.46%,

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Biden’s China policy greater risk for U.S. financial firms than Trump

U.S. Vice President Joe Biden delivers remarks at the Strategic and Economic Dialogue (S&ED) at the State Department in Washington, U.S. June 23, 2015.

Yuri Gripas | Reuters

BEIJING — As U.S.-China tensions continue to simmer under a new administration, risks for American investors with exposure to China are only going to rise, according to a report from Cowen.

“We believe President Biden represents a greater risk for financial firms on the China front than President Trump,” Cowen Washington Research Group’s D.C.-based analyst Jaret Seiberg wrote in an April 7 note. “We believe Team Biden will be more strategic, more

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The NFT Ghost Game Aavegotchi Points to the Future of Finance


Courtesy of Aavegotchi

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The $69 million sale at auction of a collage by the creator known as Beeple has drawn a rush of attention to digital artwork and nonfungible tokens, or NFTs. But the possibilities for NFTs go far beyond extravagant auction prices. Some smaller, less mainstream projects are experimenting with gamified art and decentralized finance, or DeFi. The resulting technology will have a long-lasting impact, potentially even for traditional financial products like real estate investment trusts.

The DeFi movement aims to create financial tools that minimize, or altogether remove, the need for intermediaries. Where DeFi, art, and

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5 Things I’d Tell Anyone About Building Wealth and Managing Money

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I’ve worked in the financial industry for the last eight years. Working alongside certified financial planners and helping manage their client relationships has taught me a number of surprising lessons about money and how to best manage it.

The most profound money tips I’ve picked up along my career path have very little to do with secret investment tactics designed to make you rich fast.

In fact, the best lessons I’ve learned underline the fact that there’s less of a relationship between technical know-how and

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Financial adviser, C-suite consultant buy priciest home sold in March

The house at 7612 Hill Drive overlooks the James River. (Photos courtesy of CVRMLS)

A local couple’s purchase of a nearly century-old house along Riverside Drive topped Richmond-area home sales last month, edging out several million-dollar deals that included a recently built modern home in Byrd Park.

Topping the list was 7612 Hill Drive, a 7,500-square-foot house on a bluff beside the river that sold March 29 for $2.15 million, below its Jan. 19 list price of $2.49 million.

The buyers are Brian and Stephanie Ford. They were represented by Paul Wierschem with Keller Williams Midlothian.

The original

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