Tag Archives: Loan

Giuliani Ally Says $1 Million From Russia Was Loan to Wife

Giuliani Ally Says $  1 Million From Russia Was Loan to Wife(Bloomberg) — Lev Parnas, an associate of Rudy Giuliani indicted on U.S. campaign finance charges, said a $ 1 million transfer into his wife’s bank account from Russia was the proceeds of a loan — and not an attempt to conceal his assets.Federal prosecutors raised the transfer in a filing last week asking the judge to revoke Parnas’s bail because he misrepresented his financial resources when he was arrested. They said Parnas’ wife, Svetlana, received $ 1 million from a bank account in Russia in September, the month before Parnas and business partner Igor Fruman were arrested as they sought to leave the country.Monday’s filing by Parnas’ lawyer said the $ 1 million did not belong to Parnas but was a loan to Svetlana for a term of 60 months at a 5% annual interest rate. The filing does not provide much additional detail.Parnas and Fruman are accused of working on behalf of one or more Ukrainian government officials to seek the removal of then-U.S. ambassador to Ukraine Marie Yovanovitch. They have pleaded not guilty to those and other charges.The filing left much unexplained about the payment, including who provided it or what it was for. Prosecutors said Svetlana Parnas is a stay-at-home mother with $ 210,000 in assets of cash and jewelry, further raising questions about why a lender would extend a $ 1 million loan to her.The filing by his lawyer said he did not mislead the authorities and that the financial records were provided to the government. Those records also reflect a $ 200,000 payment from Svetlana Parnas’ account into an escrow account as a down payment on a home and other expenses.(Updates with details of case)To contact the reporter on this story: Christian Berthelsen in New York at cberthelsen1@bloomberg.netTo contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Anthony LinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



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Iran says new budget bucks US oil embargo, uses Russian loan

Iran says new budget bucks US oil embargo, uses Russian loanIran’s president said on Sunday his country will depend less on oil revenue next year, in a new budget that is designed to resist crippling U.S. trade embargoes. Iran is in the grips of an economic crisis. The U.S. re-imposed sanctions that block Iran from selling its crude oil abroad, following President Trump’s decision to withdraw from Tehran’s 2015 nuclear deal with world powers.



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Education Secretary Betsy DeVos held in civil contempt for violating judge's order on student loan collection

Education Secretary Betsy DeVos held in civil contempt for violating judge's order on student loan collectionThe Department of Education had been ordered to stop collecting on federal loans of students who attended Corinthian College, which closed in 2015.



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Biden plan: Free community college, expanded loan programs

Biden plan: Free community college, expanded loan programsDemocratic presidential candidate Joe Biden wants to make community and technical college free and federal college loan programs more generous as he shifts leftward but not as far as his 2020 rivals. The former vice president’s $ 750 billion higher education plan represents a major expansion of the federal government’s role in educating Americans beyond high school. The competing approaches reflect Democrats’ efforts to address spiking tuition costs in the United States and the $ 1.5 trillion-plus in student debt held by about 45 million Americans.



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AOC reveals her student loan balance and makes payment during congressional hearing

AOC reveals her student loan balance and makes payment during congressional hearingAlexandria Ocasio-Cortez made a payment towards her student loan debt during a committee meeting and called on Congress to take swift action on the issue.“I literally made a student loan payment while I was sitting here at this chair, and I looked at my balance and it was $ 20,237.16 (£16,410.62),” the New York Democrat said at a meeting of the financial services committee focusing on student debt.



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Bernie Sanders to Unveil Plan to Cancel All $1.6 Trillion of Student Loan Debt

Bernie Sanders to Unveil Plan to Cancel All $  1.6 Trillion of Student Loan DebtSen. Bernie Sanders is set to stake out uncharted territory in the Democratic presidential primary, offering up a plan to completely eliminate the student loan debt of every American.



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What's different about Bernie Sanders' student loan plan? It would help more rich people

What's different about Bernie Sanders' student loan plan? It would help more rich peopleThe democratic socialist's plan would forgive the big student debts of high-earning professionals such as doctors — making them wealthy, fast.



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Bernie Sanders unveils plan to forgive $1.6 trillion in student loan debt

Bernie Sanders unveils plan to forgive $  1.6 trillion in student loan debtTo fund his massive loan forgiveness plan and public investment in higher education, the Vermont independent will push for a new tax on Wall Street.



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Here's How 2020 Democrats' Student Loan Debt Proposals Compare

Here's How 2020 Democrats' Student Loan Debt Proposals CompareStudent loan forgiveness has become a hot topic in the 2020 Democratic primary, with two of the top liberals putting forward competing plans



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Bernie Sanders calls for canceling $1.6 trillion in student loan debt

Bernie Sanders calls for canceling $  1.6 trillion in student loan debtU.S. presidential contender Bernie Sanders proposed a plan on Monday to cancel $ 1.6 trillion in student loans and pay for it with a tax on Wall Street, elevating the issue in the 2020 debate and going beyond proposals from his Democratic White House rivals. Sanders, an independent U.S. senator from Vermont, said his plan would wipe out college debt for 45 million Americans and be funded with a tax on stock, bond and derivatives transactions that would raise about $ 2.2 trillion over 10 years. The proposal builds on Sanders’ longstanding call to make public universities and colleges tuition-free, an issue he has highlighted since his first presidential run in 2016.



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