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Tag: Relief

Hawaii defense contractor charged with $12.8m coronavirus relief fraud



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A high-profile Hawaii-based defense contractor has been arrested on charges of swindling $12.8 million in funds intended to prop up small businesses during COVID-19.

Martin Kao, 47, a generous political donor, was arrested on Wednesday and charged with bank fraud and money laundering, accused of siphoning off $2 million of the fraudulent loan into his own personal bank account.

The Department of Justice accused Kao of falsifying loan applications so that he could receive more money than he was entitled to under the Paycheck Protection Program (PPP), which was created by Congress as part of the $2 trillion CARES Act meant to stave off financial ruin for individuals and small businesses during the pandemic.   

Kao submitted at least two fraudulent PPP loan applications, prosecutors allege.

They claim he falsely inflated the number of employees on the loan application, and falsely certified that

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Hawaii defense contractor charged with defrauding government out of $12.8m in coronavirus relief aid

A high-profile Hawaii-based defense contractor has been arrested on charges of swindling $12.8 million in funds intended to prop up small businesses during COVID-19.

Martin Kao, 47, a generous political donor, was arrested on Wednesday and charged with bank fraud and money laundering, accused of siphoning off $2 million of the fraudulent loan into his own personal bank account.

The Department of Justice accused Kao of falsifying loan applications so that he could receive more money than he was entitled to under the Paycheck Protection Program (PPP), which was created by Congress as part of the $2 trillion CARES Act meant to stave off financial ruin for individuals and small businesses during the pandemic.   

Kao submitted at least two fraudulent PPP loan applications, prosecutors allege.

They claim he falsely inflated the number of employees on the loan application, and falsely certified that the applicant and its affiliates would not receive,

Read More

Defining ‘Contractor’ Status Would Provide Some Relief for Workers

A new rule proposed by the Department of Labor could bring partial relief to businesses struggling to stay afloat amid the COVID-19 pandemic’s economic fallout. It could also help millions of workers who are straining to maintain their livelihoods or attempting to find new ones.

For the first time in more than 80 years since the enactment of the Fair Labor Standards Act, a new proposed rule seeks to provide clarity on the definition of an “independent contractor” for general industry.

>>> What’s the best way for America to reopen and return to business? The National Coronavirus Recovery Commission, a project of The Heritage Foundation, assembled America’s top thinkers to figure that out. So far, it has made more than 260 recommendations. Learn more here.

This is important because it can be difficult for businesses to differentiate between employers and contractors, and extremely costly if they make the wrong

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California freelance writers, photographers get relief from contractor labor law AB 5

On Sept. 4, California Governor Gavin Newsom signed Assembly Bill 2257, which creates exemptions for certain professionals under AB 5.

The law immediately removed a 35-piece limit per company for many creative workers, including freelance journalists and photojournalists, as well as artists, musicians, and interpreters. There is no exemption for rideshare drivers for Uber and Lyft.

Those app-based ride companies are making large contributions to support California state Prop. 22. That proposition, if passed in November, would classify app-based drivers as independent contractors rather than employees.

The exemptions under AB 2257 are likely to result in companies hiring more independent contractors. The Business Journal uses multiple freelance journalists.

“The pandemic cut so much out of my income. Weddings, winery clients, and nonprofits have really cut the amount they have been spending. Since the pandemic began, news has been my main source of income,” said Erik Castro, a Santa Rosa-based photojournalist

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Feng Shui for Homes: Feng Shui Home Decorating As an Anxiety Relief Technique

It’s all about energy.

If you ever notice a sudden negative vibe when you enter your home, take a hard look around you. How does it really feel? Are you more or less stressed at home than at work?

Using the principles of feng shui home decorating might be the best natural remedy and an anxiety relief technique that is also easy.

If you think this is all baloney or that your emotions are not impacted by what you surround yourself with, think again.

Scientist at Princeton University Neuroscience Institute found that your surrounding has a direct effect on your ability to process information and can make you anxious if it is chaotic or in disarray.

Many times we don’t notice as clutter builds around us until we are overwhelmed by it.

Arranging your home according to feng shui principles can provide a harmonious atmosphere that is relaxing instead of … Read More