May 14, 2021


Fresno Habitat for Humanity chief Armenta arraigned on insurance premium theft

Danny Raymond Armenta, once a licensed insurance agent in Clovis and briefly the chief executive of Fresno’s Habitat for Humanity organization, was arraigned in Fresno County Superior Court on Monday on allegations of pocketing customers’ insurance premium payments while he was serving as their agent.

Armenta, an agent with State Farm until November 2020, was charged with counts of embezzlement, grand theft, and diversion of fiduciary funds.

The short-tenured nonprofit CEO was under investigation by the California Department of Insurance following a complaint from State Farm, which found that he had collected insurance premiums then transferred them from a fiduciary

Read More

UW-Madison’s chief financial officer leaving next month | Higher education

UW-Madison’s chief financial officer is leaving next month for a job at an East Coast university, UW-Madison announced this week.


Laurent Heller, UW-Madison’s vice chancellor for finance and administration, is headed to Johns Hopkins University in Baltimore to take on a similar role.

Heller’s departure comes as UW-Madison faces a $320 million budget hole caused by the COVIV-19 pandemic.

Rob Cramer, who leads UW-Madison’s building facilities department, will take over Heller’s job on an interim basis beginning May 21. Before coming to the university last November, he served as vice president for administration for the University of Wisconsin

Read More

EU chief adviser says credibility of green finance rules at risk

BRUSSELS/LONDON (Reuters) – The head of the group advising the European Union on its green finance rules has urged Brussels to resist political pressure to weaken them, saying the credibility of the regulation is at stake.

FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, December 24, 2020. REUTERS/Yves Herman/File Photo

The EU is racing to meet an April 21 deadline to publish the first section of its sustainable finance taxonomy, a list of economic activities that will decide which ones can be labelled as green investments in the EU

Read More

Prosecutors Investigating Trump Focus on His Finance Chief

State prosecutors in Manhattan who are investigating former President Donald J. Trump and his family business are sharpening their focus on the company’s long-serving chief financial officer, asking witnesses questions about his dealings at the company, according to people with knowledge of the matter.

The increased focus on the executive, Allen H. Weisselberg, could step up pressure on him to cooperate with the investigation if the prosecutors unearth evidence of wrongdoing on his part. He has served as the Trump Organization’s financial gatekeeper for more than two decades and could be a vital source of information for the government about

Read More