opinion Jarrett Skorup Published 11:12 PM EDT Apr 9, 2019 When law enforcement officials seize property gained through criminal activity, those of us on the right side of the law should applaud. When they seize property from individuals who not only haven’t been convicted of a crime but haven’t even been charged with a crime, something is amiss. A recent Supreme Court decision is a first step toward ending this injustice. When used properly, “civil asset forfeiture,” as it’s called, enables the government to seize assets from criminals and convert them into assets that can benefit the public. Forfeiture got turbocharged in the 1980s with the escalation of the War on Drugs. It steadily expanded and, today, produces millions of dollars for most states and more than $4 billion for the federal government, more than quadruple the amount in 2001. But there’s a growing problem with the practice. Civil forfeiture happens outside of the … [Read more...] about Opinion: Limits needed for asset forfeiture
Sell life insurance policy for cash
By Kathleen Pender Updated 4:00 am PDT, Saturday, March 23, 2019 Google Inc. co-founder Larry Page is applauded at a ceremony marking the company's initial public offering on the NASDAQ in New York in August 2004. Google Inc. co-founder Larry Page is applauded at a ceremony marking the company's initial public offering on the NASDAQ in New York in August 2004. Photo: Alan Perlman Foto Associates 2004 Photo: Alan Perlman Foto Associates 2004 Image 1 of / 1 Caption Close Image 1 of 1 Google Inc. co-founder Larry Page is applauded at a ceremony marking the company's initial public offering on the NASDAQ in New York in August 2004. Google Inc. co-founder Larry Page is applauded at a ceremony marking the company's initial public offering on the NASDAQ in New York in August 2004. … [Read more...] about What to know if your company is headed for an IPO
Most business owners have heard of EBITDA, (Earnings Before Interest, Taxes, Depreciation, Amortization), but don’t fully understand how it can affect the value of a company and the price buyers pay for a business. EBITDA is a financial calculation that measures the financial strength of a company. This calculation is often used by financial analysts, investors and potential buyers when valuing and analyzing potential acquisitions. It a meaningful measure of operating performance as it allows businesses and investors to more fully evaluate productivity, efficiency, and return on capital, without factoring in the impact of interest rates, asset bases, taxes and other operating costs. By minimizing the nonoperating effects that are unique to each company, EBITDA allows investors to focus on operating profitability as a singular measure of performance. Such analysis is particularly important when comparing similar companies across a single industry, or companies operating in … [Read more...] about Gary Miller: EBITDA: It’s important to understand it when selling your business
Best-selling fantasy author Sherrilyn Kenyon has filed a lawsuit against her estranged husband, Lawrence Kenyon, accusing him and his assistant of poisoning her for three years. Kenyon says in court documents that her teeth began to shatter and she lost chunks of her hair due to the alleged prolonged poisoning. The author says the poisoning was a play by her husband to cash in on a $US1 million life insurance policy. A popular fantasy author claims that her estranged husband and his assistant poisoned her food for three years in an attempt to cash in on a $US1 million life insurance policy that he took out in her name without her knowledge. Sherrilyn Kenyon, author of the bestselling “Dark Hunter” series, made the shocking claim in a lawsuit against her estranged husband, Lawrence Kenyon, his assistant, and their former IT specialist, filed January 7 in Williamson County, Tennessee court. INSIDER obtained a copy of the lawsuit from Kenyon’s publicist. In it, the … [Read more...] about Bestselling author claims her husband poisoned her for 3 years in an attempt to cash in on a $1 million life insurance policy
Dayana Yochim, NerdWallet Published 1:10 pm CST, Tuesday, January 15, 2019 This article was first published on NerdWallet.com. Your bank account balances are insured by the FDIC. Assets in your brokerage are also protected, but by a different entity — the nonprofit Securities Investor Protection Corporation, or SIPC. In the unlikely event your broker or robo-advisor financially fails — and also fails to move your money to another protected firm — and investors’ assets are missing or at risk, the SIPC will step in to make you whole by providing up to $500,000 in coverage. Here are the basics of brokerage account insurance, including what it does and doesn’t cover. SIPC insurance rules SIPC coverage provides … Up to $500,000 in total coverage per customer for lost or missing assets of cash and/or securities from a customer’s accounts held at the institution. Up to $250,000 of that total can be applied to protect cash within a … [Read more...] about Is My Brokerage Account Insured?