Newark Doctor and West New York Man Charged with $3.four Million Well being Care and Wire Fraud Conspiracy, Cash Laundering, and Making False Statements | USAO-NJ

CAMDEN, NJ – A Newark physician and West New York man are scheduled to make their initial appearances today on charges of defrauding New Jersey state and local health benefits programs and other insurers out of more than $3.4 million by submitting fraudulent claims for medically unnecessary prescriptions, US Attorney Philip R. Sellinger announced.

Kaival Patel, 53, of West New York, New Jersey, and Saurabh Patel, MD, 51, a Woodbridge, New Jersey resident, are charged in a 12-count indictment with conspiracy to commit health care fraud, and wire fraud and four counts of health care fraud. Kaival Patel is also charged with conspiracy to commit money laundering, substantive counts of money laundering, and making false statements to federal agents. The defendants appeared today by videoconference before US Magistrate Judge Sharon A. King and were released on $250,000 each unsecured bond.

According to the indication:

Kaival Patel and his wife – referred to in the indictment as “Individual 1” – operated a company called ABC Healthy Living LLC (ABC) to market medical products and services, including compound prescription medications. Saurabh Patel is a medical doctor who owns and operates a clinic – referred to in the indictment as “Medical Practice 1” – in Newark. Saurabh Patel is related to Kaival Patel and Individual 1. Paul Camarda, a pharmaceutical sales representative who is listed as a conspirator, pleaded guilty before Judge Kugler in Camden federal court on July 6, 2021, to health care conspiracy and conspiring to commit money laundering and obstruct justice and is awaiting sentencing.

Compounded medications are specialty medications mixed by a pharmacist to meet the specific medical needs of an individual patient. Although compounded drugs are not approved by the Food and Drug Administration (FDA), they are properly prescribed when a physician determines that an FDA-approved medication does not meet the health needs of a particular patient, such as if a patient is allergic to a dye or other ingredient.

Kaival Patel, Saurabh Patel, Camarda, and others learned that certain state and local government employees had insurance that would reimburse up to thousands of dollars for a one-month supply of certain compounded medications. The defendants submitted fraudulent insurance claims for prescription compounded medications to a pharmacy benefits administrator, which provided management services for certain insurance plans that covered state and local government employees. The defendants steered individuals recruited to receive medications from the compounding pharmacies to Saurabh Patel’s medical practice, which enabled him to fraudulently receive insurance payments for those patient visits and procedures. The conduct caused the benefits administrator to pay out $3.4 million in fraudulent claims.

The health care fraud and wire fraud conspiracy count carries a maximum potential penalty of 20 years in prison; the health care fraud charges carry a maximum potential penalty of 10 years in prison; the false statement count carries a maximum penalty of five years in prison – all of these counts are also punishable by a fine of $250,000, or twice the gain or loss from the offense, whichever is greatest. The money laundering charges carry a maximum term of 10 years in prison and a fine of $250,000, or twice the gross gain or loss from the offense or not more than twice the amount of the criminally derived property involved in the transactions.

US Attorney Sellinger credited special agents of the IRS – Criminal Investigation, under the direction of Special Agent in Charge Michael Montanez in Newark; special agents of the FBI’s Atlantic City Resident Agency, under the direction of Special Agent in Charge George M. Crouch Jr. in Newark; and the US Department of Labor Office of Inspector General, New York Region, under the direction of Special Agent in Charge Jonathan Mellone, with the investigation leading to the indictment.

The government is represented by Assistant US Attorneys Christina O. Hud and R. David Walk Jr. of the Criminal Division in Camden.

The charges and allegations contained in the indictment are merely accusations, and the defendants are presumed innocent unless and until proven guilty.

Neo-Nazis are nonetheless on Fb. They usually’re being profitable

Die Nibelungenschlacht – eine Anspielung auf ein klassisches Heldenepos, das von den Nazis sehr geliebt wurde – ist eine von Dutzenden rechtsextremen Gruppen, die trotz der wiederholten Versprechen von Facebook und anderen Plattformen, sich von ihr zu befreien, weiterhin die Mainstream-Social Media nutzen, um Gewinn zu machen Extremismus.

Alles in allem gibt es mindestens 54 Facebook-Profile von 39 Organisationen, die von der deutschen Regierung und zivilgesellschaftlichen Gruppen als extremistisch gekennzeichnet wurden, laut einer Studie, die The Associated Press vom Counter Extremism Project, einer gemeinnützigen Politik- und Interessengruppe, mitgeteilt wurde Extremismus zu bekämpfen. Allein auf Facebook haben die Gruppen fast 268.000 Abonnenten und Freunde.

CEP fand auch 39 verwandte Instagram-Profile, 16 Twitter-Profile und 34 YouTube-Kanäle, die über 9,5 Millionen Aufrufe erhalten haben. Knapp 60 % der Profile waren explizit auf das Geldverdienen ausgerichtet, zeigten prominente Links zu Online-Shops oder Fotos, die für Waren werben.

Klicken Sie auf der Facebook-Seite von Erik & Sons auf den großen blauen „Shop ansehen“-Button und Sie können ein T-Shirt mit der Aufschrift „Meine Lieblingsfarbe ist Weiß“ für 20 Euro kaufen. Das Deutsche Warenhaus bietet Aufkleber „Refugees not welcome“ für nur 2,50 Euro und Aryan Brotherhood Schlauchschals mit Totenkopfgesichtern für 5,88 Euro an. Der Facebook-Feed von OPOS Records wirbt für neue Musik und Merchandise, darunter „True Aggression“. Stolz und Würde“ und „Eine Familie“-T-Shirts. Die Marke, die für „One People One Struggle“ steht, verlinkt auch auf ihren Onlineshop von Twitter und Instagram.

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ANMERKUNG DES HERAUSGEBERS: Diese Geschichte ist Teil einer Zusammenarbeit zwischen The Associated Press und der PBS-Serie FRONTLINE, die Herausforderungen für die Ideen und Institutionen der traditionellen US-amerikanischen und europäischen Demokratie untersucht.

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Die Personen und Organisationen im CEP-Datensatz sind das Who-is-Who der rechtsextremen Musik- und Kampfsportszene in Deutschland. „Sie sind diejenigen, die die Infrastruktur aufbauen, in der sich Menschen treffen, Geld verdienen, Musik genießen und rekrutieren“, sagt Alexander Ritzmann, leitender Forscher des Projekts. „Es sind höchstwahrscheinlich nicht die Typen, die ich hervorgehoben habe, die Gewaltverbrechen begehen werden. Sie sind zu schlau. Sie bauen die Narrative auf und fördern die Aktivitäten dieses Milieus, in dem dann Gewalt auftritt.“

Die CEP konzentrierte sich auf Gruppen, die liberale demokratische Institutionen und Normen wie die Pressefreiheit, den Schutz von Minderheiten und die universelle Menschenwürde stürzen wollen und glauben, dass die weiße Rasse unter Belagerung steht und erhalten werden muss, notfalls mit Gewalt. Keiner wurde verboten, aber fast alle wurden in deutschen Geheimdienstberichten als extremistisch bezeichnet, sagte CEP.

Auf Facebook wirken die Gruppen harmlos. Sie vermeiden eklatante Verstöße gegen Plattformregeln, wie etwa den Einsatz von Hassreden oder das Posten von Hakenkreuzen, die in Deutschland generell illegal sind.

Durch sorgfältige Einhaltung der Anstandslinie nutzen diese Schlüsselarchitekten der deutschen Rechtsextremen die Macht der Mainstream-Social Media, um Festivals, Modemarken, Musiklabels und Mixed-Martial-Arts-Turniere zu promoten, die Millionenumsätze generieren und gleichgesinnte Denker aus den um die Welt.

Aber das einfache Abschneiden solcher Gruppen könnte unbeabsichtigte, schädliche Folgen haben.

„Wir wollen nicht einen Weg einschlagen, in dem wir Websites sagen, dass sie Personen aufgrund ihrer Identität entfernen sollen, aber nicht nach dem, was sie auf der Website tun“, sagte David Greene, Direktor für bürgerliche Freiheiten bei der Electronic Frontier Foundation in San Francisco .

Den Plattformen einen großen Spielraum für die Sanktionierung von als unerwünscht erachteten Organisationen einzuräumen, könnte repressiven Regierungen die Möglichkeit geben, ihre Kritiker zu eliminieren. “Das kann wirklich ernste Menschenrechtsbedenken haben”, sagte er. „Die Geschichte der Content-Moderation hat uns gezeigt, dass sie fast immer zum Nachteil marginalisierter und machtloser Menschen ist.“

Die deutschen Behörden haben die Nibelungenschlacht im Jahr 2019 mit der Begründung verboten, dass es nicht um Sport ging, sondern um die Ausbildung von Kämpfern mit Kampffähigkeiten für den politischen Kampf.

Im Jahr 2020, als das Coronavirus wütete, planten die Organisatoren, die Veranstaltung online zu streamen – unter anderem über Instagram, um den Webcast zu bewerben. Wenige Wochen vor der geplanten Veranstaltung haben jedoch über hundert schwarz gekleidete Polizisten in Sturmhauben eine Versammlung in einem Motorradclub in Magdeburg, wo für die Sendung Kämpfe gefilmt wurden, aufgelöst und laut lokalen Medien vom Boxring gezerrt berichtet.

Die Nibelungenschlacht ist nach Geheimdienstberichten der Bundesregierung eine „zentrale Anlaufstelle“ für Rechtsextreme. Die Organisation hat ihre politischen Ziele deutlich gemacht – nämlich den Kampf gegen die „verrottende“ liberale demokratische Ordnung – und hat Anhänger aus ganz Europa sowie den Vereinigten Staaten angezogen.

Mitglieder eines kalifornischen Straßenkampfclubs der weißen Vorherrschaft namens Rise Above Movement und seines Gründers Robert Rundo haben am Nibelungen-Turnier teilgenommen. Im Jahr 2018 wurden mindestens vier Mitglieder von Rise Above wegen Unruhen festgenommen, weil sie ihr Kampftraining bei der Kundgebung Unite the Right in Charlottesville, Virginia, auf die Straße gebracht hatten. Eine Reihe von Alaunen der Nibelungen-Schlacht landeten im Gefängnis, unter anderem wegen Totschlags, Körperverletzung und Angriffen auf Migranten.

National Socialism Today, das sich selbst als „Magazin von Nationalisten für Nationalisten“ bezeichnet, hat die Nibelungenschlacht und andere Gruppen dafür gelobt, den Kampfwillen zu fördern und „Aktivisten zur Verbesserung ihrer Kampfbereitschaft“ zu motivieren.

In den Social-Media-Feeds der Gruppe finden sich jedoch keine Hinweise auf professionalisierte, regierungsfeindliche Gewalt. Stattdessen positioniert es sich als gesundheitsbewusste Lifestyle-Marke, die Marken-Teebecher und Umhängetaschen verkauft.

„Natur entdecken. Heimat genießen!“ schwärmt ein Facebook-Post über einem Foto eines muskelbepackten Typen auf einem Berggipfel in Sportkleidung der Marke Resistend, einem der Sponsoren des Nibelungen-Turniers. Alle Männer auf den Fotos sind gepumpt und weiß, und sie werden porträtiert, wie sie gesunde Aktivitäten wie lange Läufe und alpine Wanderungen genießen.

An anderer Stelle auf Facebook unterhält Thorsten Heise, der vom Verfassungsschutz des Landes Thüringen wegen Aufstachelung zum Hass verurteilt und als “einer der profiliertesten deutschen Neonazis” bezeichnet wurde, ebenfalls mehrere Seiten.

Frank Kraemer, den die Bundesregierung als „rechtsextremen Musiker“ bezeichnet, leitet über seine Facebook-Seite auf seinen Blog und seinen Online-Shop Sonnenkreuz, der weiße Nationalisten- und Coronavirus-Verschwörungsbücher sowie Sporternährungsprodukte verkauft und “Impfstoff-Rebellen” T-Shirts für Mädchen.

Die Nibelungenschlacht lehnte eine Stellungnahme ab. Resistend, Heise und Kraemer reagierten nicht auf Anfragen nach Kommentaren.

Facebook teilte AP mit, dass es 350 Mitarbeiter beschäftigt, deren Hauptaufgabe darin besteht, Terrorismus und organisierten Hass zu bekämpfen, und dass es die in dieser Berichterstattung gekennzeichneten Seiten und Konten untersucht.

„Wir verbieten Organisationen und Einzelpersonen, die eine gewalttätige Mission verkünden oder sich an Gewalt beteiligen“, sagte ein Unternehmenssprecher und fügte hinzu, dass Facebook mehr als 250 weiße supremacistische Organisationen verboten habe, darunter Gruppen und Einzelpersonen in Deutschland. Der Sprecher sagte, das Unternehmen habe zwischen April und Juni weltweit über 6 Millionen Inhalte entfernt, die mit organisiertem Hass in Verbindung stehen, und arbeite daran, noch schneller voranzukommen.

Google sagte, es habe kein Interesse daran, hasserfüllte Inhalte auf YouTube sichtbar zu machen, und untersuchte die in dieser Berichterstattung identifizierten Konten. Das Unternehmen sagte, es habe mit Dutzenden von Experten zusammengearbeitet, um seine Richtlinien zu supremacistischen Inhalten im Jahr 2019 zu aktualisieren, was zu einem fünffachen Anstieg der Anzahl der entfernten Kanäle und Videos führte.

Twitter sagt, dass es sich dafür einsetzt, dass die öffentliche Konversation auf seiner Plattform „sicher und gesund“ ist und dass es keine gewalttätigen extremistischen Gruppen toleriert. „Die Bedrohung oder Förderung von gewalttätigem Extremismus verstößt gegen unsere Regeln“, sagte ein Sprecher gegenüber AP, äußerte sich jedoch nicht zu den spezifischen Konten, die in dieser Berichterstattung gekennzeichnet sind.

Robert Claus, der ein Buch über die rechtsextreme Kampfkunstszene geschrieben hat, sagte, dass die Sportmarken im Datensatz von CEP „alle in der militanten rechtsextremen Neonazi-Szene in Deutschland und Europa verwurzelt sind“. Einer der Gründer der Nibelungenschlacht zum Beispiel ist Teil des gewalttätigen Hammerskin-Netzwerks und ein weiterer früher Unterstützer, der russische Neonazi Denis Kapustin, auch bekannt als Denis Nikitin, ist seit zehn Jahren von der Einreise in die Europäische Union ausgeschlossen Jahre, sagte er.

Das Verbot solcher Gruppen von Facebook und anderen großen Plattformen würde möglicherweise ihren Zugang zu neuen Zielgruppen einschränken, aber es könnte sie auch tiefer in den Untergrund treiben, was es schwieriger macht, ihre Aktivitäten zu überwachen, sagte er.

“Es ist gefährlich, weil sie Leute rekrutieren können”, sagte er. „Diese Accounts zu verbieten würde ihren Kontakt zu ihrem Publikum unterbrechen, aber die Schlüsselfiguren und ihre Ideologie werden nicht weg sein.“

Thorsten Hindrichs, ein Experte für die rechtsextreme Musikszene Deutschlands, der an der Johannes Gutenberg-Universität Mainz lehrt, sagte, es bestehe die Gefahr, dass der scheinbar harmlose Auftritt der rechtsextremen Musik-Schwergewichte Deutschlands auf Facebook und Twitter, mit denen sie hauptsächlich für ihre Marken, könnte dazu beitragen, das Image von Extremisten zu normalisieren.

Er schätzte, dass Konzerte der Rechtsextremen in Deutschland vor der Coronavirus-Pandemie jährlich rund 2 Millionen Euro (2,3 Millionen US-Dollar) einnahmen, ohne den Verkauf von CDs und Markenartikeln. Er sagte, es sei unwahrscheinlich, dass das Raustreten extremistischer Musikgruppen von Facebook die Verkäufe zu stark beeinträchtigt, da es andere Plattformen gibt, an die sie sich wenden können, wie Telegram und Gab, um ihre Anhänger zu erreichen. „Rechtsextreme sind nicht dumm. Sie werden immer Wege finden, ihre Sachen zu promoten“, sagte er.

Keine der Aktivitäten dieser Gruppen auf Mainstream-Plattformen ist offensichtlich illegal, obwohl sie möglicherweise gegen die Facebook-Richtlinien verstößt, die „gefährliche Einzelpersonen und Organisationen“ ausschließen, die online oder offline Gewalt befürworten oder sich daran beteiligen. Facebook sagt, dass es weder Lob noch Unterstützung von Nazismus, weißer Vorherrschaft, weißem Nationalismus oder weißem Separatismus erlaubt und Menschen und Gruppen ausschließt, die an solchen „Hass-Ideologien“ festhalten.

Letzte Woche hat Facebook fast 150 Konten und Seiten entfernt, die mit der deutschen Anti-Lockdown-Querdenken-Bewegung verbunden sind, im Rahmen einer neuen Richtlinie zum „sozialen Schaden“, die sich an Gruppen richtet, die Fehlinformationen verbreiten oder zu Gewalt aufstacheln, aber nicht in die bestehenden Kategorien von Bösem auf der Plattform passen Schauspieler.

Aber wie diese sich entwickelnden Regeln angewendet werden, bleibt unklar und umstritten.

„Wenn Sie auf der Plattform etwas falsch machen, ist es für eine Plattform einfacher, eine Kontosperrung zu rechtfertigen, als jemanden aufgrund seiner Ideologie einfach rauszuwerfen. Das wäre im Hinblick auf die Menschenrechte schwieriger“, sagt Daniel Holznagel, ein Berliner Richter, der früher für die Bundesregierung zu Hassreden arbeitete und auch am CEP-Bericht mitgewirkt hat. „Es ist eine Grundlage unserer westlichen Gesellschaft und der Menschenrechte, dass unsere Rechtsordnungen keine Idee, Ideologie, keinen Gedanken sanktionieren.“

Inzwischen gibt es Neuigkeiten von den Leuten von der Nibelungenschlacht. „Ab heute könnt ihr bei uns auch eure Kleinsten einkleiden“, heißt es in einem Juni-Post auf ihrem Facebook-Feed. Die neue Kidswear-Linie umfasst ein muschelrosafarbenes T-Shirt für Mädchen zum Preis von 13,90 Euro. Ein Kind, das in der Jungenversion in Schwarz abgebildet ist, hat bereits Boxhandschuhe an.

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Kontaktieren Sie das globale Ermittlungsteam von AP unter Investigative@ap.org oder https://www.ap.org/tips/

MMH is just not creating wealth off COVID sufferers

On Tuesday morning, Midland Health officials involved in the morning COVID update decided to reach out to those who believe the hospital was taking advantage of a pandemic to make money.

“We don’t make money,” said Stephen Bowerman, Midland Health’s chief operating officer. “Given the past few months and the surge in the census we’ve seen, if the city and county hadn’t provided more than $ 4.75 million in hospital grants to support these trips, we would have suffered significant losses to cover nurses I was talking about to cover incentive layers for our own staff and to give a bonus to all of our employees below director level. “

Bowerman refers to recent votes by the Midland City Council and Midland County Commissioners’ Court to allocate funds under the American Rescue Plan Act to Midland Memorial Hospital.

“We are very grateful to the city council and district commissioners for agreeing to this,” Bowerman said. “Our employees are grateful. I think our partnership with the city and the district is stronger than ever. Not that it was weak, but they were in step with us, all three organizations together, through this pandemic. “

Chief Medical Officer Larry Wilson also responded to allegations on social media and from hospital critics who said hospital officials “intentionally do not use some of the alternative therapies because it extends hospital stays and raises hospital money.”

Wilson said the facts do not support the narrative. He said in recent months as the COVID count hit record highs during the pandemic that the “net operating loss for our hospital” was double what Midland Health had in previous months.

Wilson said during Tuesday’s press conference that if there is a COVID admission, a bundled payment – a fixed number – will result in long hospital stays because oxygen requirements and other interventions exceed the amount normally payable. “

“So if you have a misunderstanding that we make money from COVID and that we are not doing everything we can to overcome it by vaccinating people using Regeneron Therapy,” said Wilson, “please realize that it’s not a winner for us and we try to make sure our community is healthy, which is our mission. “

Wilson said there was “no money” to making extended hospital stays or keeping MMH beds full, but the best option is to get a “diagnostic code” that will help admit a patient and he or she will quickly follow up Going home.

“It’s a win for us and we don’t see wins like that,” said Wilson.

Bowerman also said that people need to bear in mind that the hospital has suffered increased costs as they have to pay “incentive pay” for extra-shift workers and travel staff who help communities in an emergency but also receive top dollar for their work.

Russell Meyers, President / CEO of Midland Health, told city and county leaders that part of the money he requested from both facilities would be used on travel nurses and incentive shifts for a two month period.

Bowerman said Tuesday that although the COVID count has decreased by nearly 50 in the past few weeks, an unusually high count of 223 inpatients remains in the MMH.

“So don’t forget that we depend on outside collaborators for the work we do today,” said Bowerman. “The fact that the COVID count is falling is very positive. But we are not out of the forest. “

Midland Memorial’s bottom line has also been impacted as it cannot offer elective inpatient surgeries due to the need for beds from our COVID patients. Bowerman said there will be discussions over the next week about the hospital’s ability to do so.

“If we don’t offer elective inpatient surgery,” Bowerman said, “it tells you we’re still under a lot of stress in the hospital. So please keep that in mind. “

Being profitable in boxing means not saying you are sorry

Making money boxing means never having to apologize.

Not for Evander Holyfield risking his life at the age of 58 just to make a few dollars. Especially not to steal money from gullible fans for a farce of a pay-per-view show that would have done terrible damage to the sport, if only it hadn’t been so badly damaged.

Nobody apologized – at least loud enough to hear – among the crew of the Triller Fight Club, a young promotional outfit on the verge of boxing. They managed to get Holyfield in Florida licensed and moved the entire map over there from California at short notice after scheduled headliner Oscar De La Hoya withdrew with what he referred to as COVID-19.

Holyfield also made no apologies after being credited with landing just one punch before being stopped in the first round by a former MMA fighter. The Real Deal now apparently lives on the edge of reality as he suggested after the fight he wanted another fight – this one against Mike Tyson.

Somewhere else in boxing, however, there was an apology. A rare and heartfelt apology from a judge who said he screwed up.

The best thing about it? It came out of nowhere, like a perfect left hook.

Stephen Blea was one of three judges on Friday night in Tucson when home hero Oscar Valdez faced Robson Conceicao in a junior lightweight title bout. It was a familiar position for Blea, who valued having directed more than 60 title fights as a referee in wrestling around the world.

That night, the sold-out crowd cheered Valdez – loudly. In his ring seat, Blea dealt with photographers on one side and a camera team in constant motion on the other.

“I honestly thought I could do my job 100% with no excuses,” he said.

But the noise of the crowd affected Blea early on. He scored some rounds for Valdez that could even be scored or for Conceicao.

The story goes on

In the end, Blea got the winner right. But his lead of 117-110 stood out in an extremely close match (the other two judges had 115-112 Valdez).

The predictable online outrage over his score made Blea think he might be wrong. He watched a replay of the bout and concluded that he should have scored 115-112 or 114-113.

So he apologized not only stunningly, but also unprecedented.

All of the terrible decisions made over the years. All the controversy over a terrible score.

Nobody ever apologized for them.

But a judge in Arizona did.

“The 117-110 score is not accurate and does not represent the action in the ring and I feel like I have let my association, the NABF, down; my organization, the WBC; and above all our sport and the fighters in the ring, ”wrote Blea.

Hopefully people will be careful with Triller because they will have to apologize too. Throwing a man in the ring at the last minute who had just moved in just four years after paying social security was not just a mockery of a sport that needs no further ridicule.

It was also about the callousness of risking a man’s life – or rummaging through his brain – just to clear the income statement.

Triller is hardly alone. Boxing has a long history of promoters and managers who sacrificed fighters for the sake of their wallets. They have ruined careers and ruined lives in a sport so dangerous that every stroke can be the last.

It was hard to see the clips of Holyfield for the short time he was in the ring. The fighter who beat up Tyson a quarter of a century ago and then fouled him at the second meeting looked slow and confused as he tried desperately to find some of the old magic.

Even sadder, Holyfield – who made $ 35 million for the 1997 Tyson second fight – was so desperate for money that he was delusional enough to even step into the ring.

Compare that to Blea, who was so upset with his assessment that he plans to take time out and undergo a thorough retraining program before returning to the ring.

“I am an honorable man with deep love, knowledge and respect for the sport,” he said. “I’m sorry I had a bad night and brought unnecessary controversy into such a sensational fight.”

Real excuse. In boxing, of all things.

Imagine.

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Tim Dahlberg is a national sports columnist for The Associated Press. Write to him at tdahlberg@ap.org or https://twitter.com/timdahlberg

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More AP sports: https://apnews.com/hub/apf-sports and https://twitter.com/AP_Sports

17-year-old Korean CEO on making $1 million in gross sales

At the age of just 17, Sukone Hong realized his entrepreneurial dream by building two companies at the same time.

The first, a South Korean fashion brand of which he is the CEO, made over $ 1 million in sales this year and gained Harvard University recognition. The second, a Braille smartwatch for the visually impaired, has thousands of pre-orders.

It’s one way of getting the tyrants back.

“It was hard for me to get engaged to school. I was kind of bullied. I had to find something that could change my life,” said Hong CNBC does it.

Build a brand

Teen Hong started his entrepreneurial journey four years ago when he was in eighth grade.

Struggling to find his way around his school in Seoul with his classmates, he sought distraction by reselling branded clothing on a South Korean search engine Naver.

But with only $ 150 in his pocket, which quickly “flew away”, he realized that he had to change his tactics.

There were around 15 orders on Monday morning. Fifty at lunch. Eighty in the evening. I sold 300 shirts this week.

Sukone Hong

Founder and CEO, Olaga Studios

Hong needed a unique selling proposition. With a $ 5,000 loan from his grandparents and support from a printing company, he set out to create his own apparel website offering unisex casual wear with simple, playful designs.

In order to, Olaga Studios – Korean for “to rise” – was born.

“Nothing happened for a week,” said Hong. “Then on Monday morning it was about 15 orders. Fifty at lunch. Eighty in the evening. I sold 300 shirts that week.”

Learning to give back

The three-year-old brand has since grown to be a regional success, generating annual sales of $ 1.2 million in six Asian markets and ranking # 1 in Style shares T-shirt category.

This has enabled Hong to hire a team of 12 to help run the website. But it also enabled him to repay his parents’ tuition at the American International School in Seoul, to which he has moved.

It was there that he found inspiration for his newest company, which he believes is his true calling.

I thought business was all about making a lot of money. But after changing school I had a good education.

Sukone Hong

Founder and CEO, Olaga Studios

“I used to think that business is all about making a lot of money,” said Hong. “But after I changed school I had a good education.”

“My teacher said my experience could be used to start a business to help others,” he added.

With Paradox Computers, the company behind his Braille smartwatch, he wants to achieve just that.

Find support for investors

Braille smartwatches – which enable the visually impaired to receive real-time information such as texts and messages from their phone – have been in the market for several years.

But the exorbitant cost of such products – usually more than $ 300 – can make them inaccessible to many disabled people.

After working on a school project on disability, Hong realized the inequality and decided that there had to be another, more affordable option.

The Braille Smartwatches from Paradox Computers show the time and date by vibrating haptics for the visually impaired.

Paradoxical computers

“I thought it was so unfair,” he said. “And at the same time, it’s a good opportunity for business.”

So he set out to understand the market, talking to visually impaired people to learn about their needs, and engineers to come up with solutions.

Hong then raised a book of contacts from his existing fashion business to support his vision with a $ 300,000 investment for a 30% stake.

I learned that I could hire all of these people even though I don’t have a background in technology.

Sukone Hong

Founder and CEO, Olaga Studios

“My background as CEO has helped me,” he said. “I’ve learned that I can hire all of these people even though I don’t have a technical background.”

Six months later, Paradox Computers’ $ 80 Braille smartwatch has sold in the hundreds, with a pre-order of 3,000 from China currently in the works. But despite his success, Hong said he was still determined to keep up with his studies.

“When the business was growing fast, I thought about dropping out of school. But I met a lot of CEOs and they all told me to go to college,” he said.

And who knows, being a guest speaker and mentor at Harvard and Stanford can be worth the effort.

Do not miss: 32-year-old founders of a multi-million dollar app share their # 1 tip for starting a business

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This unusual-style of creating Japanese Omelette has left netizens amazed

Eggs are a universal favorite, although every part of the world enjoys egg-based delicacies in a unique way! Such a unique way of making omelette has taken the internet by storm. The Japanese are known for their innovation and this unique way of preparing omelette has amazed internet users with its unique rose-like shape and delicious taste.

Unlike fluffy or stuffed or cheesy omelettes, this Japanese dish is omelette rice or omurice. This unique way of preparing omelette by turning the pan and chopstick and placing it on a rice dish makes it a delight for the eyes and the palate. This technique of making an omelette is nothing less than an art.

The viral video was posted on a site called ‘Omuraisupuro’ which showed a nice way to make Omurice.

This delicious dish features fried rice topped with a thin, fluffy omelette, ketchup, and meat. This may sound simple, but the art of making this dish is a bit tricky. After you’ve poured in the batter, just twist it off the center, create a swirl pattern and keep twisting the pan and then carefully remove it and place it over the fried rice.

The video has received over 170,000 views in a short period of time. While some are drooling over the delicious concept of egg rice and want to try and prepare this indulgence.

Three Causes Most Employees Aren’t Making As A lot Cash As They Did in 2019

  • Total wages and salaries continued to rise in July, according to the Bureau of Economic Analysis.
  • Economist AnnElizabeth Konkel said wages are “moving in the right direction”.
  • But the ongoing pandemic and its impact on workers are still being felt across the economy.

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July brought some promising signs of economic recovery with rising wages and incomes, according to the Bureau of Economic Analysis newest release.

In fact, wages and salaries are approaching the trends seen before the pandemic, according to economists at Jobsite Indeed. It’s another promising sign since the

Federal Reserve
simultaneously Hints that the recovery is going in the right direction.

“Wages and salaries are almost back to their pre-pandemic trend – not quite yet – but they are certainly moving in the right direction. And that’s really promising, ”AnnElizabeth Konkel, economist at Indeed, told Insider.

This means that the restoration is not entirely complete. It’s not bad news, but instead highlights some of the factors that are still affecting the economy – and the data sheds light on programs that are increasing Americans’ incomes. For example, the first round of child tax credits in July accounted for over 1% of personal income, according to Indeed’s calculations.

The graph below, replicated from analysis by Indeed’s latest Bureau of Economic Analysis, shows that aggregate wages and salaries were closer to pre-pandemic trends than in previous months.

Total wages and salaries in July were $ 10.25 trillion. As the graphic shows, wages and salaries in July were just 0.8% below the pre-pandemic trend. In June, wages and salaries were 1.4% below the pre-pandemic trend.

As the US continues to recover, here are three things that are still affecting the economy.

(1) Despite a glimmer of hope this summer, the pandemic is still raging

“The main reason they are still below this trend and haven’t hit it is that we are still in a pandemic,” Konkel said.

Delta cases have increased across the country, and in some cases Closing schools and Plans to return to the office. Workers get back to work faster more vaccinated areas. Care is an important factor held parents meaningful return to work or from advance their careers (and salaries).

“There are still concerns about the Delta variant and what happens in the fall when the Delta variant collides with the school year,” said Konkel.

(2) The labor market is in a transition phase

“I think we are currently going through an adjustment phase. The recovery in the labor market is certainly not turning off and on,” said Konkel.

So far the job market has been very hot – with a mix of both Job vacancies high and Wages explode how Workers quit en masse – and still filled with millions of unemployed. This is why tales of a labor shortage are complicated; some employers certainly have difficulty hiring, but workers lag behind for a variety of reasons. Or they could at a. To suffer Mismatch in open roles and own skills.

“Right now there are so many moving factors. Take a step forward and think of the individual job seekers and the fact that so many people are confronted with so many different things right now, ”said Konkel.

(3) September will bring more clarity about what’s next

Konkel said we should look to September to see what happens next to the job market as schools reopen and federal unemployment benefits become switch off, and the country may see the result of increased vaccination rates. It is important that today’s data release reflected July – when the delta variant was just beginning to take hold.

“I think we will get more clarity and say, okay, is there a labor shortage or are these just factors for childcare,” said Konkel.

Shares making the largest strikes noon: Pfizer, Moderna, Boeing, extra

A Boeing 737 MAX 10 airliner stops while taxiing on the airline.

Stephen Brashear | Getty Images

Check out the companies that are making the headlines in midday trading.

Boeing – Boeing shares rose 3.2% after Virgin Orbit, a satellite launch spin-off from Sir Richard Branson’s Virgin Galactic, announced that it will go public at a valuation of $ 3.7 billion. Boeing will invest in the deal’s private investment in a public equity round. Virgin Orbit partners with a special purpose vehicle NextGen Acquisition Corp. II, which was up 1.9% on its shares after the news.

Pfizer, BioNTech – Drug manufacturers’ stocks rose Monday after the Food and Drug Administration full consent given to the Pfizer and BioNTech Covid-19 vaccine – first in the US to receive the coveted award. Pfizer’s shares rose 2.5% and BioNTech rose 9.6%. Shares in Modern rose 7.6% in the hope that approval paves the way for own approval.

General Motors – The automaker’s shares ticked 1.3% lower after General Motors’ Recall of his electric car Chevy Bolt on Friday. It will include newer models, a move that will cost the automaker an additional $ 1 billion. The recall addresses an issue that can increase the risk of battery fire.

Occidental Petroleum, Devonian energy – Energy stocks rebounded Oil prices rose on Monday, with a seven-day losing streak, the longest in crude oil since 2019. Occidental Petroleum rose 6.9%, Devon Energy rose 6.1%. Diamondback energy 5.9% increased and Marathon oil 5.4% up.

Robin Hood Robinhood stock rose 6.2% despite Wall Street analysts pessimistic on newly listed brokerage stocks. Many Cover initiated by investment firms was rated neutral or equal by Robinhood on Monday, and the stock was even given a rare underweight to JPMorgan’s Kenneth Worthington.

Didi Global – Chinese ride-hailing app shares rose 3.4% despite Beijing’s investigation into the company. The Financial Times reported Didi could be forced to sell shares with special rights to the Chinese government and the company could be asked to cut commissions from drivers.

Tesla – Tesla shares rose 3.8% after Deutsche Bank reiterated its purchase rating at the electric vehicle manufacturer. The company said Tesla’s Artificial Intelligence Day last week set out a “bold vision” and analysts “came with greater appreciation for it Tesla ‘s efforts on AI. “

Abercrombie & Fitch The apparel retail stock rose 2.3% after Tesley confirmed its outperformance rating from Abercrombie & Fitch and expected “margin widening”. The company plans to publish the results this week.

– CNBC’s Maggie Fitzgerald and Yun Li contributed to the coverage

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Spurs’ Becky Hammon seems to ‘subsequent step’ in pursuit of creating extra NBA historical past

San Antonio Spurs assistant coach Becky Hammon (left) speaks to Spurs head coach Gregg Popovich (right) on the court during a time out in the second half of an NBA basketball game against the Los Angeles Lakers in San Antonio.

Darren Abate | AP

Becky Hammon moved the needle, but the National Basketball Association assistant coach is now focused on taking the next steps in her career that could also enable her to make history again.

Weeks after Hammon hit the market as a finalist for a head coaching job with the Portland Trail Blazers, which would have made her the first female head coach in the NBA, Hammon spoke to CNBC on Saturday to share her thoughts.

Hammon said she wasn’t bitter about not getting the job and that she had a better understanding of the hiring process. Hammon added that she would be ready for the opportunity once the right team is ready.

“I’m not mad,” said Hammon. “This is the business and it is a very competitive business. But at the end of the day you throw it all out the window – if you want to hire me, you’ll find a reason to hire me. If you don’t want to hire me, you will find this reason too.

Hammon, 44, remains an assistant coach with the San Antonio Spurs. She explained why she was ready for one of 30 head coach jobs in the NBA, citing her professional growth under coach Gregg Popovich as the reason.

A victim of damage control?

Hammon went into coaching interviews with the Blazers and didn’t pretend she was the favorite for the job.

Chauncey Billups was the Blazers’ first choice – that much was clear in NBA circles. The former NBA security guard has a relationship with team principal Neil Olshey. Hence, Jody Allen, sister of the late Blazers owner and Microsoft co-founder Paul Allen, signed Olshey’s election. The Blazers defended Billups’ hiring of coaching and also publicly praised Hammon.

“We absolutely admire Becky”, Olshey said on June 29th. “She did a great job. Obviously, it’s not easy to make it to the point of taking ownership of an interview process.”

Olshey said getting Hammon this far was “a confirmation of how far she has come and how close she is to being head coach”. Olshey then said Billups had checked all the boxes, including “Gravitas’s leadership skills.”

Speaking of the process, Hammon said, “I knew I was second; I knew who they wanted. And I’m fine with that because every race I’ve competed in in my entire life was behind me and I “I agree. And so it is – but at the same time I don’t know what I’m dealing with. “

Assistant coach Becky Hammond warms up with the players before the game against the Oklahoma City Thunder on November 17, 2017 at the AT&T Center in San Antonio, Texas.

Hammon said she felt the Blazers were “authentic” in their coaching search. But the team suffered public backlash when Billups’ history of rape allegations re-emerged in 1997 and suggestions surfaced that the team interviewed Hammon only as a form of damage control. Rumors also surfaced that Hammon received less-than-glowing comments from the Spurs during the Portland trial.

When asked if the rumors affected the Portland discussions, Hammon said she had not read the tabloids and did not comment on the matter further.

She added, “I take every experience and try to grow from it, learn from it, and get better next time. If people have to give a reason for why they hired me or not, it is something beyond my control. I just try to do my best the moment I’m given. “

The Blazers trial is over, however, and Hammon said she was focused on “taking the next step” in her career. “I know how much San Antonio valued me, and I’m fine with that,” she added.

Hammon is now a teacher

The spotlight remains on Hammon. The social media crowd wants her to make history as the head coach. And every move she makes will be in the headlines. She has no control over the attention that both helps and hurts, but she would prefer it for the right reason – her coaching skills.

“I don’t want to do the news because I’m the first woman,” said Hammon. “Ultimately, I want to make news because I’m being hired because of my qualifications. It was Gregg Popovich’s original intention when he hired me in 2014 – namely, ‘She added something to the group, something for our team. I admire her wits and the way she sees the game. ‘”

Here Hammon reflects on her path.

She spent 16 seasons in the WNBA, which started with Liberty in New York. Hammon made six all-star appearances over the course of her career and retired in San Antonio in 2014.

San Antonio Spurs assistant coach Becky Hammon speaks to her team during the game against the Los Angeles Lakers on December 30, 2020 at the AT&T Center in San Antonio, Texas.

Logan Riely | National Basketball Federation | Getty Images

“I was a former player trying to figure out what the next step was,” said Hammon. “And even though I was a student of the game …” She paused before digging deeper into her credentials.

Hammon then mentioned Tim Duncan, Tony Parker and Manu Ginobili – three NBA legends “who know 20 times more in this league than I do [Spurs] System. So when you sit there and tell them about defensive coverage, you should be damn sure you know what you’re talking about and I’m just real. “

She then indicated how to win Popovich’s trust.

The legendary head coach gives his assistant coaches scouting tasks – he creates fixtures and strategies, which he then trains. If Popovich doesn’t like what’s suggested, it’s back to the movie room. This is what the new coach of the Boston Celtics, Ime Udoka, learned. Milwaukee Bucks trainer Mike Budenholzer and Phoenix Suns trainer Monty Williams also learned from Popovich.

“It prepares us in a way that maybe some younger coaches or people who have not yet gone through wringers are unprepared,” said Hammon. “He gives his assistant coaches so much freedom and pressure that prepare us more than people can understand. He empowers and empowers you in certain situations that I can’t do like other coaches who have his gravitas. He is a teacher of teachers, and he makes teachers. “

When asked what kind of coach she is today, Hammon replied after seven seasons under Popovich: “I grew up under him. With him I learned a lot of X and O and various leadership skills. But there are things that make it really hard to quantify how much growth I’ve had because there’s so much. “

But Hammon is not satisfied

There are still vacancies in Washington and New Orleans. But the thing is, these aren’t the most stable NBA organizations.

The pelicans have problems with team culture. And rival NBA executives suggest that the Wizards’ philosophy and sports strategy under owner Ted Leonsis is more hockey than basketball.

While Hammon is up for the challenge, it is unclear whether it would be suitable for these teams.

“I have to be the right coach – not male or female – the right coach for the right team, in the right city, at the right time,” said Hammon.

And when she gets a top NBA coaching job, Hammon says, she welcomes everything that comes with it.

“I am ready to be examined,” said Hammon. “Whether I do everything wrong or do everything right – it is what it is. My job is to stand up for the players and be the leader and the person who believes in them the most.”

“When the world throws a bunch of S — stuff in their ears, I’m the voice of honesty to say, ‘Hey, this is what it looks like – that’s how it has to be, and when you’re down, I’m down to make it work, “she said.” I don’t know how to tell you otherwise. The truth always works. “

“I’m happy with what happens – the needle is moving,” said Hammon. “Am I satisfied? No. And satisfaction has never brought anything great. There are different prices to get where you want to go.

Ukraine criticized for making feminine cadets parade in heels | Leisure

MOSCOW (AP) – The Ukrainian Defense Minister is being put under pressure by members of the government because he has decided to let female military cadets wear heels at an important parade.

“The purpose of any military parade is to demonstrate the military capabilities of the army. There should be no room for stereotypes and sexism, ”said a joint statement by three cabinet members, including Veterans Minister Yulia Laputina.

The statement followed last week’s announcement about the shoes in the parade slated for August 24, the 30th anniversary of Ukraine’s declaration of independence from the Soviet Union.

It found that around 57,000 women serve in the country’s armed forces and have “proven themselves with machine guns rather than heels.”

Defense Minister Andriy Taran said Saturday that he had instructed officials to check whether “experimental” shoes – ankle boots, according to news reports – could be worn by the female cadets in place of heeled pumps.

The military failed to explain why female cadets wore different types of shoes than male cadets.

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