Ex-Olympic ice skater charged with scamming US government out of $1.5 million in Covid relief money

<p>Luka Klasinc, a former Olympic ice skater, has been arrested and charged with fraud</p> (Getty)

Luka Klasinc, a former Olympic ice skater, has been arrested and charged with fraud

(Getty)

A former Olympic ice skater has been charged with defrauding the United States government of $1.5 million, the Department of Justice announced on Tuesday.

The Manhattan US Attorney’s Office says Luka Klasinc, who competed for Slovenia at the 1992 Winter Olympics, took advantage of a program meant to help small businesses hit hard by the coronavirus crisis.

“As alleged, at a time when US small businesses were struggling because of the COVID-19 pandemic, Klasinc thought he could scam his way to easy money,” Manhattan US Attorney Audrey Strauss said in a statement.

By falsifying documents and misrepresenting his finances, the US Attorney says, Mr Klasinc bilked the US Small Business Administration out of $1,595,800 – until he got caught.

“As alleged, Klasinc used false documents to try and obtain over a million dollars in

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Marcus & Millichap arranges sale of 271,008 s/f Vose Farm Business Center for $10.85 million on behalf of the seller, Juniper Advisory Services, LLC : NEREJ

Peterborough, NH Marcus & Millichap has brokered the sale of Vose Farm Business Center (VFBC), a 271,008 s/f industrial property, according to Thomas Shihadeh, regional manager of the firm’s Boston office. The asset sold for $10.85 million.

Harrison Klein and Luigi Lessa, investment specialists in Marcus & Millichap’s Boston office, had the co-exclusive to market the property with Andy Peterson of Four Seasons Sotheby’s International Realty on behalf of the seller, Juniper Advisory Services, LLC, principals Greg Klemmer and Charles Whitten. The buyer, Premium Capital Resources, LLC was secured and represented by Scott Geller, an investment specialist in Marcus & Millichap’s New Jersey office. Premium Capital Resources, headed by Michael Herman, a New York-based privately held real estate investment and advisory firm with a focus on industrial and value-add real estate deals throughout the United States. James Koury, New Hampshire broker of record, assisted in closing this transaction.

Lessa said,

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Credit Suisse Gives USD 1 Million In COVID Medical Aid

Credit Suisse has extended USD 1 million (Rs 7.5 crore) to two non-profits to procure emergency drugs and other medical equipment in major cities to support India’s fight against COVID-19 that has killed nearly 2.75 lakh people and infected about 2.5 crore so far.

The funds will be utilised to procure critical medical supplies, oxygen concentrators, and ICU equipment in Mumbai, Pune, New Delhi and Bengaluru, the Swiss brokerage said in a note on Monday.

Last year, Credit Suisse had given Rs 4.5 crore (USD 6,00,000) grant to Concern India Foundation and United Way Mumbai to procure essential equipment at seven hospitals in Mumbai and Pune.

The bank has also raised an additional Rs 2.8 crore through internal staff fundraising for GiveIndia’s COVID response fund.

The fresh funding will be extended to the Concern India Foundation and GiveIndia Foundation to procure critical medical supplies, as well as oxygen and ICU

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Moglix latest to join growing unicorn list with $120 million from Falcon Edge



a man smiling for the camera: Moglix latest to join growing unicorn list with $120 million from Falcon Edge


© M. Sriram
Moglix latest to join growing unicorn list with $120 million from Falcon Edge

Industrial goods marketplace Moglix has raised $120 million in a funding round valuing the company at a billion dollars, making it India’s latest unicorn and continuing the deal-making spree underway in the country’s internet startup space.

The Series E round was led by Falcon Edge Capital and the Harvard Management Company, with existing backers Tiger Global, Sequoia Capital India and Venture Highway also investing, the business-to-business marketplace said on May 17.

Moneycontrol was the first to write about the details of the deal on March 23.

“We started six years ago with a firm belief in the untapped potential of the Indian manufacturing sector. We had the trust of stalwarts like Ratan Tata, and a mission to enable the creation of a $1 trillion manufacturing economy in India. Today, as we enter the

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