Talent, Glamour, Money, Fraud: Welcome to the Art World

Nonfiction: ALL THAT GLITTERS: A Tale of Friendship, Fraud, and Fine Art, by Orlando Whitfield Reported by Jennifer Szalai Nobody enjoys being taken for a fool, but a lot of us enjoy stories about confidence artists who do the fooling: fraudsters and scammers who connive their way into fantastic riches — especially if they provide […]

Customers Bancorp hit with Fed action for risk-management deficiencies

Reported by Pete Schroeder The U.S. Federal Reserve announced on Thursday it had imposed an enforcement action against Customers Bancorp (CUBI.N) for “significant deficiencies” around the bank’s risk-management and anti money-laundering practices. The enforcement action against the Pennsylvania-based bank, which provides digital asset services and a tokenized instant payments platform, stemmed from a recent examination by the […]