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A billionaire who vowed to pay off the debt of an entire college class will pay $140 million to settle a 4-year tax probe, a report says

The billionaire Robert Smith will admit misconduct but will not be prosecuted, Bloomberg reported, citing confidential sources. Stephen Lovekin/Getty Images .....»»

Category: smallbizSource: nytOct 17th, 2020

Meet Robert F. Smith, the billionaire who paid off an entire class" student loans and reportedly will now pay $140 million to settle a four-year investigation into his taxes

Meet Robert F. Smith, the billionaire who paid off an entire class" student loans and reportedly will now pay $140 million to settle a four-year investigation into his taxes.....»»

Category: personnelSource: nytOct 15th, 2020

A billionaire who vowed to pay off student loans for an entire college graduating class is said to be facing a criminal tax probe

Reuters The billionaire investor Robert Smith is the subject of a federal investigation into potential tax crimes, Bloomberg reported Friday, citing unnamed sources......»»

Category: topSource: businessinsiderAug 23rd, 2020

Billionaire philanthropist Robert Smith, who paid off the student debts of an entire college class last year, is facing a criminal tax probe. Here"s a look at his charity work.

Getty Images Billionair.....»»

Category: topSource: businessinsiderAug 22nd, 2020

Robert F. Smith, the billionaire who promised to pay off student loans for an entire college class, said his $34 million gift was inspired by a small act of philanthropy he saw his mom make

The Carnegie Corporation In May, billionaire Robert F. Smith pledged to pay off student loan debt for an entire g.....»»

Category: topSource: businessinsiderOct 18th, 2019

Who"s the billionaire paying off nearly 400 graduates" loans?

Investor worth $5 billion pledged to pay off $40 million in student debt for Morehouse College's entire class of 2019.....»»

Category: topSource: moneycentralMay 20th, 2019

Who Is Robert F. Smith? Learn More About the Billionaire Whose Generosity Shocked a Graduating Class

Smith has vowed to pay off student debt for all 2019 Morehouse College graduates In an astonishing commencement address, billionaire Robert F. Smith announced on Sunday that he will wipe out student debt for the entire 2019 graduating clas.....»»

Category: topSource: timeMay 19th, 2019

Billionaire"s pledge to pay student debt prompts elation, envy

Days after a billionaire pledged to pay the collective student debt of the entire 2019 Morehouse College graduating class, euphoria was not the only emotion in the air. On Morehouse’s Atlanta campus a.....»»

Category: topSource: moneycentralMay 22nd, 2019

Billionaire"s pledge to pay student debt prompts elation, envy

Days after a billionaire pledged to pay the collective student debt of the entire 2019 Morehouse College graduating class, euphoria was not the only emotion in the air. On Morehouse’s Atlanta campus a.....»»

Category: topSource: moneycentralMay 22nd, 2019

A pledge to pay Morehouse students" debt prompts elation, envy and a host of questions

Days after a billionaire pledged to pay the collective student debt of the entire 2019 Morehouse College graduating class, euphoria was not the only emotion in the air. On Morehouse’s Atlanta campus a.....»»

Category: topSource: moneycentralMay 22nd, 2019

Billionaire Commencement Speaker Shocks Grads With Promise To Pay Off Student Loans

A billionaire philanthropist and technology investor told the graduating class of Morehouse College that he would wipe out the student debt of the entire graduating class, estimated to be.....»»

Category: blogSource: zerohedgeMay 19th, 2019

Economic Report: Treasury ramps up debt issuance across entire U.S. bond market for third quarter

The U.S. Treasury Department announced Wednesday a sharp increase to all its coupon-bearing debt auctions after it said it could borrow $2 trillion over the rest of the year......»»

Category: topSource: marketwatchAug 5th, 2020

Under Armour short-sellers made $130 million in a single day on the company"s new accounting probe — and it erased their losses for the year (UAA)

Under Armour Facebook Traders betting against Under Armour Class A shares wiped ou.....»»

Category: topSource: businessinsiderNov 4th, 2019

Landry"s reportedly gets $300M in debt financing for acquisition of Del Frisco’s

New York-based lender Jefferies LLC has committed $300 million in debt financing to fund a deal between Houston-based Landry’s Inc. and the new owner of the Del Frisco’s steakhouse chains, according to a Reuters report. Houston billionaire Tilm.....»»

Category: topSource: bizjournalsOct 2nd, 2019

Walmart to pay $282 million to settle seven-year global corruption probe

Walmart Inc said on Thursday it will pay $282 million to settle a seven-year-long investigation into whether its overseas units in Mexico, Brazil, China and India violated the U.S. Foreign Corrupt Practices Act......»»

Category: topSource: reutersJun 20th, 2019

"Thank you, God, I am debt free": Grads react to having student loans wiped

During a commencement speech at Morehouse College May 19, billionaire Robert F. Smith said he would pay the class of 2019’s student loans. Some graduates had upwards of $200,000 in debt......»»

Category: topSource: moneycentralMay 30th, 2019

A Billionaire Just Pledged to Pay Off The Student Loans For This Entire Graduating Class

The gift is equal to at least $40 million. Billionaire investor Robert F. Smith announced in a commencement add.....»»

Category: europeSource: fortuneMay 20th, 2019

A billionaire commencement speaker at a Georgia college announced that he will pay off the Class of 2019"s student loans

Morehouse College Twitter Robert F. Smith, a billionaire tech investor and philanthropist, announced in his commencement speech at  Georgia's Morehouse College that he was setting up a grant to wipe the graduating class's student debt. S.....»»

Category: topSource: businessinsiderMay 19th, 2019

Vegas Sands report suggests settlement amount in Macau case

A public filing suggests Las Vegas Sands Corp. paid $96 million to settle a 15-year breach-of-contract dispute with a Hong Kong businessman who helped the U.S. company open its first casino in the Chinese gambling enclave of Macau......»»

Category: topSource: foxnewsApr 17th, 2019

Russian billionaire Abramovich in Swiss court over debt case

Russian billionaire and Chelsea soccer club owner Roman Abramovich has appeared in a Swiss court as part of a 19-year-old legal case aimed to wrest 46 million Swiss francs ($46 million) in debts allegedly owed by him and others to a European bank......»»

Category: topSource: foxnewsMay 2nd, 2018

Student debt jumps at NC State, UNC, other NC schools

North Carolina’s average student debt is on the rise, according to LendEDU’s annual Student Loan Debt report. For the class of 2017, the average debt per borrower in North Carolina was $26,164, up 3.52 percent from the year prior, according to Len.....»»

Category: topSource: bizjournalsAug 8th, 2018