Michael Ehindero's Blog

JP Morgan is being forced to Cough Up $115 Million for Fraudster Charlie Javice’s Legal Bills! In a jaw-dropping twist, JP Morgan Chase has been ordered to pay a massive $115 million legal bill for convicted scammer Charlie Javice, the ex-startup darling who duped the bank with a fake student-loan empire . The eye-watering sum covers Javice’s defense costs roughly two-thirds of the $175 million JPMorgan splashed out in 2021 to buy her bogus company, Frank. Javice pulled off the con by claiming Frank boasted 4.25 million users, when in reality, the platform had fewer than 300,000. Her lies unraveled spectacularly, landing her a seven-year prison sentence last week. Despite firing Javice after uncovering the fraud, JPMorgan is now legally bound to foot her legal tab. Court filings confirmed the payments following a Delaware court’s ruling that the bank must advance costs tied to the ill-fated merger. Former prosecutor Kevin O’Brien called the payout a “huge, huge number,” a...

_____________________ Venmo is owned by PayPal since its parent company Braintree was acquired for $800 million in 2013. ______________________ For years, Venmo and PayPal , two of the biggest names in digital payments, have operated separately, forcing users to rely on clunky workarounds to send money between the two. But that’s about to change. According to an email sent to Venmo customers, starting in November, Venmo and PayPal users will be able to pay each other, both in the U.S. and worldwide. PayPal users will be able to find and pay you using your phone number,” the company wrote, adding that email support will come later. It’s a long-overdue feature, especially considering PayPal owns Venmo a fact that’s left many users scratching their heads for years. Some speculate PayPal may have delayed integration to keep people using both apps separately. ________________________ If you’d rather not be discoverable by PayPal users, you can adjust your privacy settings in V...

MTN Nigeria Communications PLC made N421.49bn from calls and data in the first quarter of 2022. This is a 20.32 per cent increase from N350.31bn that the telecoms company made from voice and data in the corresponding period of 2021. In its Q1, 2021 announcement, MTN revealed that it made N470.98bn in total revenue in 2022. According to the firm, its subscribers declined by 1.3 million to 70.2 million year-on-year because of regulatory restrictions on new SIM sales and activations. It added that its active data users increased to 35.9 million y-o-y, while its fintech subscribers rose to 10.7 million. Speaking on the results, MTN Nigeria Chief Executive Officer, Karl Toriola, said, “We continued to make good progress in the first quarter, building on the momentum we achieved in Q4 2021 and delivering several key milestones as we grow our connectivity business and platforms.

KEYNOTES  - Twitter's board allegedly met on Sunday morning to discuss Elon Musk's takeover bid. - The board is said to be reconsidering Musk's proposal several days after adopting a defensive measure to prevent him from acquiring more of Twitter's stock. - Musk recently disclosed that he had secured $46.5 billion in financing for his bid. - Twitter's board is reportedly reconsidering Elon Musk's proposal to buy the social media company, more than a week after adopting a "poison pill" measure to block his takeover bid.       According to The New York Times , the board of directors met on Sunday morning to discuss Musk's offer to buy Twitter. The renewed interest comes several days after Musk announced that he had secured $46.5 billion in financing for his bid.  Earlier this month, the founder of SpaceX and Tesla offered to buy all of Twitter's common stock for $54.20 p...

  PROFILE: Giannis Sina Ugo Antetokounmpo born  Adetokunbo ; (December 6, 1994) is a Greek professional basketball player for the Milwaukee Bucks of the National Basketball Association (NBA). Antetokounmpo's nationality, in addition to his size, speed, strength, and ball-handling skills have earned him the nickname " Greek Freak ". -------------------- Milwaukee Bucks champion Giannis Antetokounmpo, 27, is extremely careful about preserving his hard-earned coins and has accounts at 50 different banks containing $250,000, revealed his team’s co-owner Marc Lasry to Bloomberg News.   The two-time NBA MVP is utilizing the total standard deposit insurance coverage limit of $250,000 at each Federal Deposit Insurance Corp, or the FDIC-insured bank, according to the New York Post.   Hedge fund manager and billionaire Lasry, who is the founder of Avenue Capital Group, a private equity...