April 24, 2021

months

N.J. business owner sentenced to 19 months for dodging $1M in payroll taxes

A Monmouth County man who pleaded guilty to defrauding the government out of nearly $1 million in taxes has been sentenced to 19 months in prison.

Bilal Salaj, 56, of Marlboro Township, pleaded guilty last year to tax evasion, failure to pay payroll taxes and conspiracy, according to Audrey Strauss, United States Attorney for the Southern District of New York.

Salaj operated a construction business in Manhattan and placed the company in the name of a person who worked for him, investigators have said.

From 2014 to June 2019, Salaj ordered the unnamed third party to cash about $3.2 million

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Investors have put more money into stocks in the last 5 months than the previous 12 years combined

Traders work on the floor of the New York Stock Exchange.

NYSE

The latest wave of market enthusiasm has brought with it a stunning rush of money, in which more of investors’ cash has gone to stock-based funds in the last five months than the previous 12 years combined.

That statistic, from Bank of America, reflects a period in which the Dow Jones Industrial Average has risen more than 26%.

At the same time, the market has undergone some wild trends that included a massive influx to meme stocks such as GameStop and AMC Entertainment Holdings. Trading volume rose 40%

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Seven small business finalists chosen for 3 free months of rent to test St. Louis storefront

ST. LOUIS – The pandemic has closed many business doors, but Edwards Realty Company, which owns The Boulevard in Richmond Heights is giving one St. Louis small business the chance to open doors to a storefront for the first time in the area.

“We created this Pop Local contest to see businesses that were really ready to take that next leap going to brick and mortar,” Ramzi Hassan, president of Edwards Realty Company, said. “The winner gets three rent-free months at a storefront at The Boulevard, $2000 to decorate and make the space their own, marketing support, and a grand

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Fed extends small business liquidity facility by 3 months through June

  • The Fed extended the Paycheck Protection Program Liquidity Facility through June 30.
  • The facility allows banks to continue pledging loans made through the PPP to small businesses.
  • The PPP itself, part of last March’s stimulus, is still set to expire March 31. 
  • Visit the Business section of Insider for more stories.

Ahead of its expiration date on March 31, the

Federal Reserve
Board announced on Monday that it is extending the Paycheck Protection Program (PPP)

Liquidity
Facility through the end of June, allowing continued distribution of funds through the PPP to small businesses.

The PPP was implemented under the CARES

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Raspberry Pi: The pocket-money priced $4 Pico nears one million orders in just two months

Sales of Raspberry Pi’s latest product, the $4 Pi Pico microcontroller, are approaching one million, just two months after the product was released. 

Raspberry Pi Trading, the company behind the Raspberry Pi single board computer, launched its first microcontroller in late January. 

Raspberry Pi’s chief operating officer and hardware lead James Adams says the company, through its resellers, has almost sold one million units of the Pico since January 21. While the Picos are super cheap, it is a substantial number given that Raspberry Pi sold seven million of the more established Raspberry Pi single board computers in the

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