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Stock Market
Aldie, VA
News
Schemer From Aldie Who Bilked Investors Out Of $15M Learns His Fate: Feds
A Loudoun County man who bilked investors from up and down the East Coast out of millions of dollars will spend years behind bars. Aldie resident Babu Ramaraj, 47, who owned DAB Inspection and Consulting Services, a small home contractor with modest revenues doing patio and deck projects, was sentenced to more than seven years in prison for causing upwards of $15 million in losses, federal authorities announced. His victims were primarily in Virginia, Maryland, North Carolina, New Jersey, and Missouri. According to court documents, Ramaraj claimed to investors and potential …
Towson, MD
Politics
Maryland Adults Approve Gov. Wes Moore's Performance, Have Economy Concerns: New UMBC Poll
The majority of Maryland adults approve the job Maryland Gov. Wes Moore is doing, though the opinion is unsurprisingly split between party lines, according to a newly released UMBC poll. More than 1,000 Maryland residents were surveyed by pollsters - 917 of which were registered voters - to provide their opinion of Moore's first term, and other widely debated topics as Election Day rapidly approaches. A total of 54 percent approve of the job Moore is doing, with just 32 percent disapproving and 12 percent who were undecided; however, there was a stark contrast between Democrats (80 percent …
Bridgeport, CT
Business
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent. The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…
Parsippany-Troy Hills, NJ
News
CEO Of CrowdStrike Is NJ Billionaire George Kurtz Working To Remedy Microsoft Meltdown
Friday, July 19 is not a good day for George Kurtz. Kurtz is the CEO of CrowdStrike, the cybersecurity firm that appears to be responsible for the global outage that disrupted flights, stock markets, media outlets, and banks. Kurtz, 59, is also a Parsippany-Troy Hills native and graduate of Seton Hall University who according to Forbes is worth about $3.1 billion. How has Kurtz spent his morning? Assuring the world that all will soon be right again after the issue with a Falcon content update for Windows Hosts that caused the global outage. Today was not a security or cyber incident. O…
White Plains, NY
News
Mass Global Tech Outage Grounds Flights, Causes Chaos With Banks, Stock Markets, Media
A major tech outage is causing issues worldwide, including grounding flights. Banks, stock markets, and media outlets are also being affected on Friday morning, July 19. An update by cybersecurity technology company CrowdStrike appears to be the cause of device outages for millions of Microsoft Windows device users. Several major US air carriers, including Delta, United, and Spirit are under a full ground stop, according to the FAA. "Several airlines have requested FAA assistance with ground stops until the issue is resolved," the agency said. Microsoft has said it is taking "mitigation …
Ridgewood, NJ
Events
Meet Wolf Of Wall Street Jordan Belfort In Ridgewood
The real-life "Wolf of Wall Street" is coming to Bergen County. Jordan Belfort, whose memoir about running his own brokerage house inspired the Martin Scorsese movie "The Wolf of Wall Street" and the movie "Boiler Room" is signing copies of his new book "The Wolf of Investing: My Insider's Playbook for Making a Fortune on Wall Street" on Wednesday, Nov. 1. at 6 p.m. at Bookends in Ridgewood. View this post on Instagram A post shared by Jordan Belfort (@wolfofwallst) In his new book, Belfort offers a guide to anyone who wants to master the st…
Newark, NJ
News
$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…
Ashburn, VA
Real Estate
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…
Fairfax, VA
News
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 …
Wyckoff-Franklin Lakes, NJ
News
His Kids Feared Ex-Russian Military Dad ‘Booby-Trapped’ His Bergen County 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…
Lower Merion-Narberth, PA
News
Barstool CEO's Leaked Sex Tape May Have Caused Drop In Penn Shares
Barstool CEO Dave Portnoy's sex tape that leaked over the weekend may have caused a dip on shares of Penn National Gaming, Fox reports. Barstool dished out $136 million for a 36 percent share of the casino and racetrack company in January 2020. Since the video was leaked, Penn's shares dropped approximately 2.6 percent. Portnoy tweeted his response to the situation in a video and even encouraged investors to "buy the dip." Seriously though thanks to our fans for their never ending support. It’s what allows us to be us. $penn pic.twitter.com/jMfBViHMUH — Dave Portnoy (@stoolpresident…
Mount Pleasant, NY
News
Area HS Sports Standout Killed, Girl Critically Injured In Single-Vehicle Crash
A high school sports standout in Connecticut was killed in a single-vehicle crash that also left a 16-year-old girl in critical condition. New Haven County resident Ryan Rutledge, age 17, of Southbury, died on Monday, April 5, after his Jeep went off the roadway around 10:35 p.m., and hit a wire rope guardrail, before the vehicle traveled down an embankment and into the Pomperaug River, said the Southbury Police. Both Rutledge, and his passenger, were ejected from the vehicle and found in the Pomperaug River. Rutledge, who was a junior at Pomperaug High School in Southbury, was known for a…
Bridgeport, CT
Lifestyle
Master The Stock Market With This Under-$30 Investment Training
It’s a common and unfortunate myth that you need to have a fancy and expensive degree in finance in order to make money in the stock market. In fact, some of the world’s most successful investors are self-taught, and there are plenty of ways to see profits regardless of the amount you’re willing to invest. The Wall Street Survival & Stock Trading Guide Bundle will teach you everything you need to know in order to take advantage of all the stock market has to offer, and it’s available today for 98% off at just $29.99. Whether you’re a first-time investor looking to get your feet wet or a…
Elizabeth, NJ
Obituaries
Union County High School Soccer Player Daniel Tavit Dies, 18
The Summit community is mourning the loss of high school senior Daniel Pratt Tavit, who died on Sept. 20. He was 18. Born in New York City, Tavit was raised in Summit, his obituary says. A lifelong soccer fan, Tavit had played for two years on his school’s team as well as private club teams such as Summit Hot Spurs, Center Court FC, and the NJ Stallions in Clifton. Tavit also loved music and expressed himself through saxophone and drum performances in local music groups, according to his obituary. As a stock market enthusiast, Tavit had planned on pursuing economics and business in college…
Armonk, NY
News
Lowey Will Bring Hudson Valley Dreamer To Trump's State Of Union Address
U.S. Rep. Nita Lowey, a Harrison Democrat who represents Westchester and Rockland counties, said she will bring Pearl River resident Hugo Alexander Acosta Mazariego, a so-called "Dreamer," as her guest at Tuesday’s first State of the Union address by President Trump. “I want to be clear: Dreamers are Americans,” Lowey said in a news statement. “They contribute to our economy, our communities, and our strength and stability as a nation. Hugo is no exception. When I read Hugo’s letter to my office, I was inspired by his life’s story, his courage to speak out, and his love for the Uni…
