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Fraudsters Accused In $364M Ponzi Debt Scheme

PYMNTS

The indictment, which was unsealed on Tuesday (September 18) in a federal court in Baltimore, charged the men with conspiracy, wire fraud, identity theft and money laundering. At least 400 victims in the Baltimore area, Virginia and in Texas were impacted, said Gordon Johnson of the Federal Bureau of Investigation’s Baltimore Field Office.

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ZeroFOX Notches $74M To Tackle Cyberattacks

PYMNTS

Cybersecurity firm ZeroFOX closed a $74 million funding round led by Intel Capital that will be used to advance cyberattack detection and remediation, VentureBeat reported on Thursday (Feb. Existing investors NEA, Highland Capital Partners, Redline Capital Management, Hercules Capital and Core Capital also participated in the funding round.

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PayPal Provides $5M In Grants To Support Minority Businesses

PYMNTS

The nonprofits include: 1863 Ventures , Association for Enterprise Opportunity , African American Alliance of CDFI CEOs , Baltimore Business Lending , Black Girl Ventures , Chicago Neighborhood Initiatives Micro Finance Group , EnrichHER , Expanding Black Business Credit Initiative , Grameen America , Kiva , MORTAR , Nebraska Enterprise (..)

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Cecil Bank taps Baltimore-area banking veteran as next CEO

American Banker

Bill Knott succeeded Terrie Spiro as leader of the Maryland bank, which raised capital in 2017 by going through a complicated bankruptcy process.

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IoT Scoring Big In Pro Sports

PYMNTS

Among recent notable news in the IoT space, Amazon and Capital One are teaming up to simplify digital banking through IoT by adding voice-activated banking capabilities to Amazon’s Alexa technology. The April edition of the PYMNTS.com®

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Amazon Eyes Food Delivery Service In London

PYMNTS

The service, which is already available in San Francisco, San Diego, Chicago, Seattle, Los Angeles, Baltimore, Austin and Portland, lets customers use the Prime Now app to order food that will be delivered within one hour. The venture capital industry has been responding, pouring money into the space for the last couple of years.

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The Coffee Shop Office: A Money Drain Or Money Magnet?

PYMNTS

The key was recognizing the trend early and finding ways to capitalize on it, incorporating a workspace culture while also encouraging the community to continue using the café as a social gathering space. Restaurants rely on turning tables quickly to improve profits, a strategy that is mutually exclusive with the coffee shop office trend.

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