(This story accompanies a Special Report: Casino’s attempt to collect debt exposes world of Chinese high-rollers) By Joel Schectman Here, in the city of glitz and promise, just a few poor plays can bury a gambler under a tower of debt. And when a player doesn’t repay the loans, Las Vegas has power to employ…
DetailsYes, there’s such a thing as phantom debt collectors. And, yes, you can get contacted about a payday loan debt you simply don’t owe. Just ask intrepid consumer reporter Bob Sullivan, who received his very own debt collection note after simply reaching out to a payday loan company (and alleged phantom debt collector) for a story.…
DetailsBy Joel Schectman LAS VEGAS (Reuters) – Here, in the city of glitz and promise, just a few poor plays can bury a gambler under a tower of debt. And when a player doesnt repay the loans, Las Vegas has power to employ a tool unavailable to most every other creditor: jail. Las Vegas Justice…
DetailsLAS VEGAS By the time the Las Vegas Sands Corp tried to collect on the gambling debts last year, the two women owed $6.4 million, lost during a few disastrous days of baccarat. But when the Sands asked prosecutors to press criminal charges against Xiufei Yang, 59, and Meie Sun, 52, over the bad debts, attorneys…
DetailsSentencing will be handed down in the Northern Cape High Court on December 6 and 7, while judgment will also be delivered on the confiscation order on the same date. CEO of Trifecta Investment Holdings (Pty) Ltd, Christo Scholtz, and former ANC provincial chairman, John Block, were found guilty on corruption and money laundering charges,…
DetailsWARWICK SMITH/FAIRFAX NZ NZ Union of Students’ Associations president Linsey Higgins, left, says graduates abroad are struggling with interest-laden loans to the point of declaring bankruptcy. Overseas graduates declaring themselves penniless are among the 483 debtors whose $18 million in students loans have been wiped by bankruptcies. Inland Revenue has revealed the latest figures as the amount…
DetailsWARWICK SMITH/FAIRFAX NZ NZ Union of Students’ Associations president Linsey Higgins, left, says graduates abroad are struggling with interest-laden loans to the point of declaring bankruptcy. Overseas graduates declaring themselves penniless are among the 483 debtors whose $18 million in students loans have been wiped by bankruptcies. Inland Revenue has revealed the latest figures as the amount…
Details[THE INVESTOR] IT solutions developer Samsung SDS said on Sept. 30 that it has decided to split off its US branchs IT services unit as part of its business restructuring efforts. The company said in a regulatory filing that it received approval from the board on Sept. 29 for the split-off plan, which Samsung SDS…
DetailsWASHINGTON (AP) — The Education Department is pursuing debt collection rather than debt relief for nearly 80,000 former students of Corinthian Colleges, despite federal and state findings that the now-defunct for-profit chain defrauded students, Sen. Elizabeth Warren said in a blistering critique of the administration’s actions. The Massachusetts Democrat reported the findings of a staff…
DetailsU.S. Rep. Peter DeFazio wants to help college students avoid accumulating a lifetime of unpayable debt and help those who are already struggling. The Oregon Congressman, who is running for a record 16th term, introduced a bill he calls the Helping Improve Grants for Higher Education & Repayment of Expensive Debt Act. … Read the…
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