Zachary Mider

New York

Reporter at Bloomberg News

Reporter at Bloomberg News @business. [email protected]. Opinions are my own, RTs not endorsements.

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Articles

A Tiny Investment Bank Linked to Trump’s Sons Helped Set Up $120 Million Trading Gain

1 week ago | bloomberg.com | Annie Massa |Tom Maloney |Muyao Shen |Zachary Mider

Eric Trump and Donald Trump Jr.(Bloomberg) -- A tiny investment bank where Donald Trump Jr. and Eric Trump work as advisers helped an obscure toymaker pivot into crypto this week, sending its shares up more than 500%. The run-up generated more than $120 million in gains on a stock bet the same bank helped arrange last month. The quick profit is the result of two transactions that the bank, Dominari Holdings Inc., handled within four weeks.
Trump-Linked Bank Helped Set Up $120 Million Tron Deal Windfall

1 week ago | news.bloomberglaw.com | Annie Massa |Tom Maloney |Muyao Shen |Zachary Mider

A tiny investment bank where Donald Trump Jr. and Eric Trump work as advisers helped an obscure toymaker pivot into crypto this week, sending its shares up more than 500%. The run-up generated more than $120 million in gains on a stock bet the same bank helped arrange last month. The quick profit is the result of two transactions that the bank, Dominari Holdings Inc., handled within four weeks.
Deepfake Taylor Swift Ads, Bain Capital Fueled Florida Insurance Scheme

3 weeks ago | bloomberg.com | Zeke Faux |Zachary Mider

Listen: Chasing Big Money With the Health-Care Hustlers of South FloridaA wannabe hip-hop mogul and a onetime porn-video recruiter turned Obamacare into a lucrative get-rich-quick scheme—with an assist from Bain Capital. “Hi guys, it’s Taylor Swift. Remember those stimulus checks?
‘Boiler Room’ Operator Quick Health Charged by US With Fraud

1 month ago | news.bloomberglaw.com | Zachary Mider

Call center exaggerated low-benefit plans’ value, US says Four executives charged with wire fraud and conspiracy Quick Health, a Pennsylvania call center, was indicted along with its former chief executive and three other leaders, accused of signing up tens of thousands of customers for cheap, bare-bones health plans using “false, misleading, and deceptive sales practices.” Alan Redmond, 42, identified by prosecutors as the “de facto” boss of Quick Health, and Arthur Walsh, 65, the former...
‘Boiler Room’ Operator Quick Health Charged by US With Fraud

1 month ago | news.bloombergtax.com | Zachary Mider

Quick Health, a Pennsylvania call center, was indicted along with its former chief executive and three other leaders, accused of signing up tens of thousands of customers for cheap, bare-bones health plans using “false, misleading, and deceptive sales practices.” Alan Redmond, 42, identified by prosecutors as the “de facto” boss of Quick Health, and Arthur Walsh, 65, the former CEO, were among those charged with wire fraud and conspiracy in an indictment unsealed in federal court in...
‘Boiler Room’ Operator Quick Health Charged by US With Fraud

1 month ago | bloomberg.com | Zachary Mider

(Bloomberg) -- Quick Health, a Pennsylvania call center, was indicted along with its former chief executive and three other leaders, accused of signing up tens of thousands of customers for cheap, bare-bones health plans using “false, misleading, and deceptive sales practices.” Alan Redmond, 42, identified by prosecutors as the “de facto” boss of Quick Health, and Arthur Walsh, 65, the former CEO, were among those charged with wire fraud and conspiracy in an indictment unsealed in federal...
Telemarketers Sell Health Insurance That Skirts Obamacare Rules

1 month ago | bloomberg.com | Zachary Mider

Hi, it’s Zach in New York. On Monday, I wrote about a new kind of skimpy health plan that some customers are calling a rip-off. More on that in a moment, but first …There’s a new kind of health plan being sold by telemarketers these days. More than 100,000 US households have been enrolled already. Here’s what’s new about these plans: When you sign up for coverage, you’re also being signed up as an “employee” of the company behind the plan.
Cheap Healthcare Plans Use Obamacare Loophole, Sign People Up for Fake Jobs

1 month ago | bloomberg.com | Zachary Mider |Zeke Faux

How a former TV comedy writer’s fake-job loophole could blow up Obamacare. Joe Strohmenger, a self-employed contractor in Rocky Point, New York, had never shopped for health insurance before. So last year, when he needed to, he did what a lot of people do: He Googled it. The internet search led him to a website that offered free quotes. He typed in his number, and his phone rang immediately. It rang hundreds of times over the next few days as telemarketers vied to reach him.
Loan Shark Freed by Trump Back in Jail After Series of Arrests

2 months ago | news.bloomberglaw.com | Patricia Hurtado |Zeke Faux |Zachary Mider

Jonathan Braun, a loan shark freed from prison by President Donald Trump in 2021, was sent back to a federal jail after a string of arrests that prosecutors said violated the terms of his release. Braun, 41, was held without bail Friday after US District Judge Kiyo Matsumoto in Brooklyn, New York, ruled Braun was a danger to the community. He was taken into custody earlier in the day by federal marshals in nearby Nassau County.
Loan Shark Freed by Trump Said to Be Arrested by Federal Agents

2 months ago | bloomberg.com | Patricia Hurtado |Zeke Faux |Zachary Mider

Jonathan Braun, a loan shark freed from prison by President Donald Trump in 2021, was arrested by US marshals over allegations that he violated the terms of his release, according to a law enforcement official with knowledge of the matter. Braun, 41, was arrested in Nassau County, New York, and is expected to appear in federal court in Brooklyn, Friday, said the person, who asked not to be identified because the arrest hadn’t been announced.