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Italy’s Eta Airways secures $240 million in private financing

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Italy's Eta Airways secures $240 million in private financing

A “wholly owned subsidiary” of Eta Airways (AZ, Rome Fiumicino) has received $240 million in private equity financing from AIP Capital. announced In a statement on August 29, ITA Airways President Antonino Torrici called the deal another step in the airline’s expansion strategy, reflecting improved creditworthiness with banks and investors. He said: “This agreement represents … Read more

A pastor who swindled $3.5 million in Covid-19 relief cash to pay for lavish living expenses, including a Tesla and a new home in Maryland, will learn his fate in court.

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A pastor who swindled $3.5 million in Covid-19 relief cash to pay for lavish living expenses, including a Tesla and a new home in Maryland, will learn his fate in court.

A pastor who defrauded $3.5 million in Covid aid money to fund his lavish lifestyle has been sentenced to 18 months in prison. Rudolph Brooks, 48, pleaded guilty last week to fraud and money laundering after abusing the Paycheck Protection Program (PPP) during the outbreak. Brooks was arrested in April 2021 for PPP loan fraud … Read more