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Thousands of Americans jailed for debts chased by private collectors

An estimated 77 million Americans have a debt that has been transferred to a private collection agency. Thousands have ended up in jail over debts as small as $ 28, with African-Americans and Hispanics the most affected. The findings come from a new report by the American Civil Liberties Union (ACLU) spanning 26 states and […]

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Trader stole $2mn in cryptocurrency from his firm to cover gambling debts

Cryptocurrency thefts have hit the headlines lately, but news about someone actually getting caught is less common. One trader stole $ 2 million in cryptocurrencies and became one of the few to be discovered. Read more As Bloomberg reports, Chicago trader Joseph Kim, 24, working for Consolidated Trading, transferred the money in several transactions from […]

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Russian state bank to write off debts of plane crash victims

Sberbank has announced that the bank will cancel the debts of victims who died in the plane crash that occurred in the Moscow region on Sunday. Read more The Saratov Airlines An-148 was on its way to Orsk when it crashed a few minutes after taking off from Domodedovo Airport. All 65 passengers on board […]

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