Federal investigators say a Coppell man fraudulently applied for dozens of federal stimulus PPP grants and received more than $17 million that he spent buying real estate and luxury cars such as a Bentley and a Corvette.

A coalition of federal agencies charged Dinesh Sah, 55, of Coppell, with applying for $24.8 million in PPP loans for 15 businesses that claimed to have more than 500 employees, but in fact, many of the businesses were registered after the CARES Act was passed and did not have any employees, according to court documents detailing the indictment.

“Mr. Sah exploited this terrible pandemic for personal gain — and he should be held accountable to the American people for that behavior,” said U.S. Attorney Erin Nealy Cox in a statement. “COVID-19 has devastated the finances of hardworking business owners across the nation. PPP funds should be reserved for those who really need them

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FILE PHOTO: Calin Rovinescu, CEO of Air Canada speaks during a panel discussion on Cyber Security at the 2016 International Air Transport Association (IATA) Annual General Meeting (AGM) and World Air Transport Summit in Dublin, Ireland June 3, 2016. REUTERS/Clodagh Kilcoyne/File Photo

(Reuters) – Air Canada AC.TO has slashed its price to buy Canadian tour operator Transat A.T. Inc TRZ.TO, with the deal now worth about C$188.7 million ($143.86 million), down from C$720 million, as COVID-19 weighs on travel demand, the companies said in a statement on Saturday.

The country’s largest carrier had secured Transat shareholders’ approval for the deal last year with an C$18.00 a share bid, to bolster its then thriving leisure business.

But with the pandemic grounding flights globally, Air Canada faced shareholder pressure to renegotiate the deal which is still pending approval from European and Canadian regulators, Reuters reported in May.

Montreal-based Air Canada, like

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Russ Elliott in his man-cave COVID-19 workspace. (Photo courtesy of Russ Elliott)

When a buddy of Russ Elliott‘s asked if he’d join him in starting a telecom company, he flat out said no. While his friend had been a great help building a website he needed, the venture didn’t have any financial backing and Elliott wasn’t versed in internet connectivity.

But when his friend took the unusual step of sending him a motivational postcard — something with an iceberg and a corny message about not knowing what’s out there unless you took a risk — it played on his mind. Elliott had an MBA. He had drive. He decided to embrace the inspirational cliché.

With that, some 20 years ago Elliott helped launch what became a successful business in Colorado called Brainstorm Internet, serving as its president for 13 years.

“We were nimble and quick and had smart people on

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Shift Technologies Inc. Chief Executive George Arison didn’t even know what a SPAC was until last year. Now, his San Francisco-based online marketplace for used cars is hopping aboard the blank-check train on its way to becoming public. 

Special-purpose acquisition companies, also known as SPACs or blank-check companies, have been around for decades, but have made a big comeback this year amid the pandemic, thanks to low interest rates and stock-market volatility. Sports-betting operator DraftKings Inc.
DKNG,
-4.51%
,
 electric-vehicle maker Nikola Corp.
NKLA,
-1.36%
,
electric-truck powertrain maker Hyliion Holdings Corp.
HYLN,
-3.94%

and space-flight company Virgin Galactic Holdings Inc.
SPCE,
-3.12%

are among the companies that have gone public via the SPAC route. 

SPACs raise money in an initial public offering, then look to buy businesses, usually within a couple of years. When a SPAC finds a business and successfully negotiates the transaction, the two merge and the

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Search Engine Optimization (SEO) is the art and science of getting your website and content to show up on Google’s first page. Not only is it a lucrative job on its own, but it’s a skill every marketer should have.

All products featured here are independently selected by our editors and writers.If you buy something through links on our site, Mashable may earn an affiliate commission.

Whether you’re in marketing, a business owner, or consider yourself inherently tech-savvy, you’ve probably heard the term SEO (Search Engine Optimization) bounced around quite a bit lately — and for good reason. Search engine ranking can be one of the most important factors when it comes to a business succeeding in the digital age.

What is SEO?

SEO stands for “search engine optimization.” It’s the practice of strategizing the content and keywords on a web page and site

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The forward 4-quarter estimate for the S&P 500 returned to its familiar pattern of sequentially moving higher this week, printing $156.08 vs. $155.98 last week. A small increase – yes – but still sequential improvement

Here is a picture of what the spreadsheet looks like tracking the IBES data by Refinitiv:

What fascinates me is that since July 1, only two weeks of the last 16 have seen sequential declines in the forward estimate.

Geeky data “stuff” but numbers tell a story.

  • The forward 4-quarter estimate improved sequentially to $156.08 from last week’s $155.98.
  • The forward PE is 22x.
  • The S&P 500 forward earnings yield fell a little bit this week to 4.49% from 4.64% last week.
  • The “average” expected calendar 2020 and 2021 S&P 500 EPS growth fell to 3.5% this week, from a long string of 4% prints. Let’s see what the next few weeks hold.
  • The “expected”
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(Reuters) – Air Canada

has slashed its price to buy Canadian tour operator Transat A.T. Inc
, with the deal now worth about C$188.7 million ($143.86 million), down from C$720 million, as COVID-19 weighs on travel demand, the companies said in a statement on Saturday.

The country’s largest carrier had secured Transat shareholders’ approval for the deal last year with an C$18.00 a share bid, to bolster its then thriving leisure business.

But with the pandemic grounding flights globally, Air Canada faced shareholder pressure to renegotiate the deal which is still pending approval from European and Canadian regulators, Reuters reported in May.

Montreal-based Air Canada, like many of its global peers, has slashed flights, suspended financial forecasts and sought government aid as the industry deals with its worst slump.

Companies have been cancelling deals amid COVID-19 uncertainty, with aircraft parts suppliers Hexcel Corp

and Woodward Inc

abandoning their planned $6.4

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In a new study, researchers stated that men with low income, low level of education, unmarried, and being born in low-or-middle income countries, have a higher risk of dying from the coronavirus.

For the study, the researchers collected the data from the Swedish National Board of Health and Welfare on all registered deaths from Covid-19 in Sweden for adults aged 20 and older. The study was published in the journal Nature Communications.

The author Sven Drefahl from Stockholm University in Sweden wrote in a statement: “We can show that there are independent effects of various separate risk factors that have been brought up in debates and news about Covid-19. All of these factors are accordingly individually associated with a strongly elevated risk of dying from Covid-19.”

Drefahl explained that those born abroad generally have lower fatality than people born in Sweden. This also applies when the research took income and

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Ben Pursell for Blizzard Entertainment

With a 4-2 win over the Seoul Dynasty, the San Francisco Shock have won the Overwatch League Grand Finals in consecutive seasons and cemented themselves as the greatest team in Overwatch history. 

While the sample size is too small for the “dynasty” moniker to be slung around, the Shock’s organizational culture warrants praise. After winning 2019’s championship, partly on the back of play from that season’s MVP, Sinatraa, and his fellow DPS, Architect, San Francisco was without both players in 2020’s playoffs.

As other teams have tried rotating starters, no team has found success doing so quite like the Shock. With Sinatraa leaving to pursue a professional career in Valorant and

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U.S. Securities and Exchange Commissioner (SEC) Hester Peirce, well known for her pro-cryptocurrencies views, said increased interest in the space will necessarily force the regulatory body to shift toward a more accommodating stance, according to a recent interview with Cointelegraph.

  • “While we’ve been very slow in giving guidance, there is more and more interest from a wide spectrum of people, both inside the crypto space as well as inside the traditional financial institutions who are asking us for guidance,” Peirce said.
  • “So I think we’re going to be forced to confront that more and more in the coming years.”
  • Peirce also said that pro-crypto moves in the U.S. by the Commodity Futures Trading Commission and the Office of the Comptroller of the Currency as well as actions by regulators in other countries are also slowly prodding the SEC into action.
  • While there are a lot of people at the SEC
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