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$6.8M COVID-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole $6.8M COVID-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole
$6.8M Covid-19 Scam: Ex-Hedge Fund Manager Gets 4+ Years, No Parole A dual New York/Florida resident was sentenced in New Jersey to a plea-bargained 51 months in federal prison for fraudulently collecting more than $6.8 million in COVID-19 payroll protection loans -- $3 million of which he lost in the stock market. Gregory J. Blotnick, 35, will have to serve just about all of the sentence because there's no parole in the federal prison system. In addition to the prison term, U.S. District Judge Brian R. Martinotti sentenced Blotnick in Newark to two years of supervised release and ordered him to pay restitution of $4,577,631. Blotnick told the judge last f…

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by Jerry DeMarco
Real Estate
Herndon's ManTech Acquired For $4.2B by DC Firm Herndon's ManTech Acquired For $4.2B by DC Firm
Herndon's ManTech Acquired For $4.2B by DC Firm ManTech International, a Herndon-based defense contractor with more than 9,000 employees, will be acquired by Washington DC equity firm Carlyle Group for a cool $4.2 billion, the company announced. “This announcement is an important milestone for ManTech and a testament to our growth and the leadership position we have built since our founding by George Pedersen more than 50 years ago,” said ManTech CEO and President Kevin M. Phillips in a press release.  ManTech provides analytics and cybersecurity to the country's defense and intelligence agencies.  The all-cash deal received t…

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by Josh Lanier
News
Freshly Laid Off Netflix Workers Share Their Stories On Twitter Freshly Laid Off Netflix Workers Share Their Stories On Twitter
Freshly Laid Off Netflix Workers Share Their Stories On Twitter A bevy of laid off Netflix workers are airing their grievances on Twitter, and the world is watching. The layoffs come from the company's newly-launched fan site Tudum, Deadline reports. Tudum was named after the sound that Netflix makes when it opens. A Netflix spokesperson responding to Daily Voice's request for comment said only that "our fan website Tudum is an important priority for the company," and did not disclose an exact number of layoffs. Meanwhile, former employees are on the hunt for work. Netflix last week reported a significant subscriber loss, its first since 2011. The 26 …

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by David Cifarelli & Cecilia Levine
News
His Kids Feared Ex-Russian Military Dad Booby-Trapped NJ Home, Police Say His Kids Feared Ex-Russian Military Dad Booby-Trapped NJ Home, Police Say
His Kids Feared Ex-Russian Military Dad Booby-Trapped NJ Home, Police Say Two children of a former Russian military member feared their suicidal father had booby-trapped their Bergen County home after losing $400,000 in the stock market, investigators said. Anatoly Zaytsev, 67, remained held in the county jail in Hackensack on Wednesday, March 23, more than two weeks after members of the county Bomb Squad and other responders converged on his Oakland home and seized rifles, high-capacity magazines and silencers. The incident reportedly began when Zaytsev’s son told borough police that his father surrendered five guns to him.  The son also told them the Ukra…

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by Jerry DeMarco