July 21, 2014 |
Two Montgomery County brothers and a Philadelphia man have been charged in a scam that "duped" more than 70,000 people into buying a credit card they thought would help them buy merchandise over the Internet while improving their credit score, the U.S. Attorney's Office in Philadelphia said Friday. Blake Rubin, 30, of Huntingdon Valley, faces a prison term of up to 45 years and a $750,000 fine if convicted. Chase Rubin, 28, of Rydal, could get a maximum sentence of 65 years and a $1 million fine.
July 18, 2014 |
Penn Medicine Tuesday announced a data breach involving receipts from Penn Medicine Rittenhouse that were stolen last month from a locked office in Pennsylvania Hospital. Notifications of the theft were sent to 661 patients Monday, said Susan Phillips, a senior vice president and spokeswoman for the health system. She said no arrests have been made. There have been no instances of identity theft related to theft. Phillips said that was a "very low risk. " Many of the receipts were found on hospital grounds.
July 11, 2014 |
THE CRINKLED brown lunch bag near Donna Kerwick's desk at the Philadelphia Parking Authority is filled with dozens of condoms. The receipt on the outside reads: "Rubbers: Small, medium, large. " The bag is stuffed in between a violin, a wheelchair and other items that, like the bag of condoms, were left behind in taxis and turned over by drivers who wanted to do the right thing. Nobody knows what the owner of the bag of condoms wanted to do. Kerwick, an analyst for the enforcement department of the PPA's Taxi and Limousine Division, headquartered at Swanson Street near Wolf in South Philly, is tasked with logging, tracking and reuniting people with items they've left behind in Philadelphia taxis.
May 21, 2014 |
West Chester investment-fund manager Richard Gates and his twin brother, Kevin , are going to need Acela frequent-rider passes if their preemptive fight against the Federal Energy Regulatory Commission keeps up much longer. "It's my fifth trip down to D.C. in the last couple of months," Richard Gates said Monday. He runs the TFS mutual funds and other portfolios with assets totaling $2 billion with his brother and other math-genius partners. Kevin Gates served on a panel called "Mugged by the State: When Regulators and Prosecutors Bully Citizens" at the government-skeptical Cato Institute on Monday while Richard Gates was preparing for Tuesday's Senate committee hearing over whether President Obama's pick, Norman Bay , should chair the FERC board.
March 7, 2014
I LIKE TO hear from readers, especially those with specific questions about financial issues. Here are five: Q: Given the increased frequency with which credit cards are being compromised, I wonder if using a secure credit card is a safer way to shop online. My reasoning is that a secured credit card requires the user to deposit money into a bank account. Because this account wouldn't be linked to my checking, it seems more secure. Should the account become compromised, the only risk is what money you've already earmarked for online shopping.
January 27, 2014 |
PHILADELPHIA To illustrate his point, Spencer Ackerman ordered the panel moderator to hand over her wallet, from which he then withdrew a credit card. "I'm going to make a little indentation copy of it," Ackerman, the national security editor for the Guardian newspaper, told about a hundred in the audience at the American Library Association's annual meeting at the Convention Center in Philadelphia on Saturday. "Now, I have an impression of her credit card. Have I taken something from her when I took the card or only when I use the impression to make a purchase?"
January 20, 2014 |
Credit-card debt can sneak up on you. If you think $20,000 in such debt is no biggie, you're wrong. If you think you'll never have to deal with that kind of number, better think again. For all but a few of those facing it, living with a credit-card debt of $20,000 or more is a major life problem. A Credit.com online survey this month found 5 percent of respondents had such debt - and a significant portion of that group thought most people were like them. The most common reason for running up such debt, the post says, is that people "don't have sufficient income to cover their expenses.
December 24, 2013 |
Give yourself the gift of losses. There are only six trading days left in 2013, so it's time to review your portfolio to see if there are any tax losses you can harvest. In other words, sell your portfolio's losers, use the losses to offset realized taxable gains, and lower your 2013 tax bill. Remember, you need to act by Dec. 31. Tax-loss harvesting, or selling investments such as stocks, bonds, and mutual funds that have lost value, can reduce your taxes on capital gains realized from selling winning investments.
December 11, 2013
CAN I CONFESS? There was one time when I got into credit-card trouble, and it scared me quite a bit. I had a department-store credit card. I was just starting out as a reporter for the Baltimore Evening Sun . I wanted some nice clothes for work and a few items for my newly purchased condominium, which I bought a year out of college. I ran up $500. Today that amount may not seem like much, but for me it felt like $5,000. When I opened the statement and saw that my charges were that high, I panicked.
November 28, 2013 |
A potential stumbling block to the rapid takeoff of online gambling in New Jersey - where casino sites opened to the public Tuesday - is the refusal of many banks to allow gamblers to deposit money into online casino accounts with Visa cards. A 2006 federal law cracked down on such transactions, forcing banks to put rigorous systems in place to weed them out. Though they are legal now in New Jersey, Delaware, and Nevada, many big banks continue to snub Internet gambling. "For seven years, banks have been conditioned on the ramifications and the penalties associated with accepting illegal Internet gaming transactions," said Joseph Pappano Sr., vice president and managing director at Vantiv Inc., which is processing Visa and MasterCard transactions for online gambling in all three states.