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US DOJ Charges 14 With $28M In PPP Fraud

PYMNTS

Levy, 50, of Bedford, Ohio; and Abdul-Azeem Levy, 22, of Cleveland, Ohio. 46, of Cleveland, Ohio; and Bern Benoit, 44, of Burbank, California. In Arkansas, a project manager employed by a major retailer has pleaded guilty to bank fraud charges for filing fraudulent bank loan applications seeking more than $8 million in PPP loans.

Fraud 276
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Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies

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As reported by Reuters , the Sand Dollar – a new digital currency issued and backed by the Bahamian central bank – is now in circulation, and bit by bit, has been making inroads into retail use cases. The money is spendable at a number of retail locations. Central Banks Around the World Eye CBDCs.

Cleveland 357
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US Retail Vacancies Hold Steady At 10.2 Percent

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In the fourth quarter, the regional and super regional mall vacancy rate fell slightly as overall retail vacancies in the U.S. In the months to come, Denham noted, retailers are forecasted to close many locations (among them Sears and Kmart, with the fate of the bankrupt Sears chain still uncertain). stayed constant.

Retail 116
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Rocket Trims IPO By 39 Pct From $3.3B To $2B After Investors Reject Valuation

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Rocket describes itself as the largest retail mortgage lender in the U.S. Gilbert, owner of the Cleveland Cavaliers and founder of Quicken Loans will retain 79 percent of the voting power of the company’s common stock through controlling entities, the SEC filing shows.

Cleveland 233
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Uber Connect Expands For Holiday Package Delivery

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locations recently added for Uber Connect include Atlanta, Boston, Charlotte, Charleston, Cincinnati, Cleveland, Columbus, Connecticut, Detroit, Fort Myers-Naples, Hampton Roads, Honolulu, Indianapolis, Jacksonville, Kansas City, Las Vegas, Milwaukee, Minneapolis-St. They can track the delivery just like an Uber trip, the blog post indicated.

St. Louis 242
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Durant’s Decision: How Star Athlete Departures Impact Brands, Retailers

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From an economic standpoint , James’ departure, which he announced in a highly controversial one-hour primetime special broadcast on ESPN entitled “The Decision,” was immediately felt in Cleveland and to the value of James’ own brand.

Branding 101
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Ohio Firms Team To Put PPE Into Vending Machines

PYMNTS

The companies said all the kitting will be done in Cleveland. CLEANLIFE and D & S are both in Cleveland, Ohio. Vending operators will be able to buy six PPE kits at first to sell via their snack machines that are meant to work with current coils, according to an announcement.

Ohio 168