Investigators say a New York couple relied on classic money laundering techniques to hide their activities and the movement of the money, which was stolen in a hack of a virtual currency exchange.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine
Don’t got Moxie? Maine’s beloved soda is in short supply
The local bottler of Moxie says that supply chain issues have delayed its delivery of Moxie concentrate for months.
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Posted inBusiness, Nation & World
Canada’s COVID-19 protests threaten cross-border trade with U.S.
Truckers who oppose public health measures related to the pandemic have blocked border bridges, while the truckers union says the group does not represent the industry in which 90% of truckers are vaccinated.
Posted inBusiness, Nation & World, News
Biden’s top science adviser resigns over report finding he mistreated staff
An internal review prompted by a workplace complaint indicated that Dr. Eric Lander bullied staffers and treated them disrespectfully.
Posted inBusiness, Maine, News, Politics
Rep. Pingree’s bill aims to help Maine hemp growers
Maine’s struggling hemp industry would benefit from relaxed rules on potency limits.
Posted inBusiness, Lewiston-Auburn, News
Lewiston-based Sam’s Italian Foods is sold; new owners say no changes planned
The 83-year-old business was acquired by a venture capital firm with the intention of becoming employee owned.
Posted inBusiness, Nation & World
Commerce Department adds 33 Chinese companies to red flag list
Most of the firms flagged Monday are electronics businesses.
Posted inBusiness, Maine
Medical marijuana industry defends bills to curtail new regulations
Among other changes, the bills would require legislative approval before the Maine Office of Marijuana Policy could implement any new rules.
Posted inBusiness, Nation & World
IRS to end use of facial recognition to access tax accounts
The transition from the ID.me, the third-party verification system, will begin in the coming weeks.
Posted inBusiness, Nation & World
Companies failing to take steps to meet climate pledges
A report by the NewClimate Institute concludes that many of them are misleading consumers.