Posts by Federal Reserve (old posts, page 30)
US: H10 147.7500 2025-05-13 FRB Japan Yen
US: H15 4.25 2025-05-13 FRB 4-week Treasury bill
US: H15 4.33 2025-05-13 FRB Federal funds
US: H15 4.50 2025-05-13 FRB Discount rate
US: H15 ND 2025-05-13 FRB Prime rate
Federal Reserve Board announces termination of enforcement action with Perry County Bancorp Inc. and Du Quoin State Bank
New York Tax Preparer Sentenced to Two Years in Prison for Submitting Fraudulent Pandemic Relief Applications
A New York man was sentenced today to two years in prison for making false statements on loan applications he submitted on behalf of his clients through a pandemic relief program. According to court documents, Baltej Singh Brar, 42, of South Richmond Hill, New York, owned and operated Aspire Tax & Accounting Services Inc., a tax preparation, accounting, and consulting firm where Brar was an Internal Revenue Service (IRS) registered tax preparer. In 2021, Brar began filing loan applications on behalf of other individuals through the Paycheck Protection Program, a COVID-19 relief program intended to provide loans backed by the Small Business Administration (to certain businesses, nonprofit organizations, and others to help them remain afloat during the pandemic.