Couple must return $120,000 after bank error prompted spending spree

Robert and Tiffany Williams bought a camper, race car and gave money to friends before the bank realized the error A Pennsylvania couple who went on a giddy spending spree after a bank accidentally deposited $120,000 into their account are now regretting their spendthrift ways after going to trial on theft charges. It probably wasnt the best thing in the end, Robert Williams told local station WNEP-TV, explaining that they took some bad legal advice on the issue. Over a two-and-a-half-week period in June, Williams and his wife, Tiffany, who carried a balance of $1,121 before the error, withdrew more than $100,000 of the surprise deposit, using it to make a down payment on a Chevrolet SUV. The couple also …

How do you get a loan when your business is in the ‘wrong’ part of town?

A study has found that businesses in lower-income and minority areas received surprise a smaller share of bank loans than those in richer, whiter areas Want to improve your relationship with your banker? The answers easy: just move your business to a nicer part of town. Unfortunately, thats the very real problem faced by many small businesses around the country who are located in lower-income or minority areas. This conclusion was reached in a told the Woodstock Institute. Beard cannot obtain a traditional bank loan so her new business, Marys Master Cleaning Service, can bid on contracts and hire formerly incarcerated people who need jobs. Shes certainly not alone. Ive been my own bank. No one should have to do …

An inside look at the startup behind Ashton Kutchers weird tweets

In 2017, Matthew Peltier walked barefoot into a pitch meeting with venture capitalists. Young, male, man bun intact, he certainly resembled the stereotypical successful entrepreneur, but it was his startup, an app designed to bring social media stars and their fans into conversation, that drew skepticism. Shimmur, as it was called, ultimately succeeded in raising about $7 million from Greycroft, Arena Ventures, Luma Launch, Right Side Capital Management and Techstars, according to PitchBook, but the business never took off. That is until a pivot to direct messaging in 2018 attracted the support of Hollywood talent manager Guy Oseary and his Sound Ventures investment partner Ashton Kutcher, who jumped on board to relaunch Shimmur, now known as Community. The Santa Monica-based …