Sonny Bloch
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Sonny Bloch
Irwin H. "Sonny" Bloch (March 1, 1937 - March 10, 1998) was an American financial talk radio show host from 1980 to 1995 who defrauded investors of more than $24 million. Early life and education Sonny Bloch grew up in Detroit, Michigan. As a young man, he attended the University of Miami but quit in 1958 to pursue music with his group the Coralairs, who played locally and also traveled to play in Cuba. Career Sonny Bloch dovetailed his career in music into a fifteen-year career as a financial talk radio host heard on over 170 stations in the U.S including WOR-AM and WMCA-AM in New York City. ''The Sonny Bloch Show'' featured such prominent guests as Chemical Bank's Irwin Kellner and Federal Reserve Chairman Alan Greenspan. Fraud schemes Bloch, his son, and associates had allegedly been involved in a variety of investment fraud schemes. One scheme sold interest in gold bars that were actually painted ordinary metal bars. Many of his investment recommendations caused his ...
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WOR-AM
WOR () is a 50,000-watt class A clear-channel AM radio station owned by iHeartMedia and licensed to New York, New York. The station airs a mix of local and syndicated talk radio shows, primarily from co-owned Premiere Networks, including '' The Clay Travis and Buck Sexton Show'', '' The Sean Hannity Show'', and '' Coast to Coast AM with George Noory''. '' CBS Eye on the World'' with John Batchelor, from CBS News Radio is heard at night. Since 2016, the station has served as the New York outlet for co-owned NBC News Radio. The station's studios are located at 125 West 55th Street in Midtown Manhattan, with its transmitter in Rutherford, New Jersey. WOR began broadcasting on Wednesday, February 22, 1922, and is one of the oldest continuously operating radio stations in the United States with a three–letter call sign, characteristic of a station dating from the 1920s. WOR is the only New York City station to have retained its original three-letter call sign, making those th ...
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New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive with a respective county. The city is the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the United States by both population and urban area. New York is a global center of finance and commerce, culture, technology, entertainment and media, academics, and scientific output, the arts and fashion, and, as home to the headquarters of the United Nations, international diplomacy. With an estimated population in 2024 of 8,478,072 distributed over , the city is the most densely populated major city in the United States. New York City has more than double the population of Los Angeles, the nation's second-most populous city.
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Chemical Bank
Chemical Bank, headquartered in New York City, was the principal operating subsidiary of Chemical Banking Corporation, a bank holding company. In 1996, it acquired Chase Bank, adopted the Chase name, and became the largest bank in the United States. Prior to the 1996 merger, Chemical was the third-largest bank in the U.S., with $182.9 billion in assets and more than 39,000 employees. In addition to operations in the U.S., it had a major presence in Japan, Germany, and the United Kingdom. It was active in both corporate banking as well as retail banking as well as investment banking and underwriting corporate bonds and equity (finance), equity. The bank was founded in 1824 as a subsidiary of the New York Chemical Manufacturing Company by Balthazar P. Melick and others; the manufacturing operations were sold by 1851. Major acquisitions by the bank included Corn Exchange Bank in 1954, Texas Commerce Bank in 1987, and Manufacturers Hanover in 1991. The bank converted to the holding co ...
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Irwin Kellner
Irwin may refer to: Places ;United States * Irwin, California * Irwin, Idaho * Irwin, Illinois * Irwin, Iowa * Irwin, Nebraska * Irwin, Ohio * Irwin, Pennsylvania * Irwin, South Carolina * Irwin County, Georgia * Irwin Township, Venango County, Pennsylvania * Fort Irwin, California ;Australia * Shire of Irwin, Western Australia People * Irwin (given name) * Irwin (surname) Fruit * Irwin (mango), a mango variety from Florida Other uses * IRWIN, a painting collective that is a member of Neue Slowenische Kunst * Irwin 41, an American sailboat design * Irwin Toy, a Canadian toy manufacturer and distributor * Irwin Industrial Tools, a subsidiary of Stanley Black & Decker * Irwin Magnetic Systems, a computer storage manufacturer See also * Earvin * Ervin (other) * Ervine * Erving (other) * Erwan * Erwin (other) * Irvin * Irvine (other) * Irving (other) Irving may refer to: People *Irving (name), including a list of people wit ...
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Federal Reserve
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Although an instrument of the U.S. government, the Federal Reserve System considers itself "an independent central bank because its monetary policy decisions do not have to be approved by the president or by anyone else in the executive or legislative branches of government, it does not receive funding appropriated by Congress, and the terms of the members of the board of governors span multiple presidential and congressional terms." Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s have led to the expansion of the roles and responsibi ...
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Alan Greenspan
Alan Greenspan (born March 6, 1926) is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He worked as a private adviser and provided consulting for firms through his company, Greenspan Associates LLC. First nominated to the Federal Reserve by President Ronald Reagan in August 1987, Greenspan was reappointed at successive four-year intervals until retiring on January 31, 2006, after the second-longest tenure in the position, behind only William McChesney Martin. President George W. Bush appointed Ben Bernanke as his successor. Greenspan came to the Federal Reserve Board from a consulting career. Although he was subdued in his public appearances, favorable media coverage raised his profile to a point that several observers likened him to a "rock star". Democratic leaders of Congress criticized him for politicizing his office because of his support for Social Security privatization and tax cuts. Many have argued that the "easy-mo ...
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Wireless Cable
Multichannel multipoint distribution service (MMDS), formerly known as broadband radio service (BRS) and also known as wireless cable, is a wireless telecommunications technology, used for general-purpose broadband networking or, more commonly, as an alternative method of cable television programming reception. MMDS is used in Australia, Barbados, Belarus, Bolivia, Brazil, Cambodia, Canada, Czech Republic, Dominican Republic, India, Kazakhstan, Kyrgyzstan, Lebanon, Mexico, Nepal, Nigeria, Pakistan, Panama, Portugal (including Madeira), Russia, Slovakia, Sri Lanka, Sudan, Thailand, Ukraine, United States, Uruguay and Vietnam. It is most commonly used in sparsely populated rural areas, where laying cables is not economically viable, although some companies have also offered MMDS services in urban areas, most notably in Ireland, until they were phased out in 2016. Technology The BRS band uses microwave frequencies from 2.3 to 2.5 GHz. Reception of BRS-delivered television and dat ...
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The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ...
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Tax Evasion
Tax evasion or tax fraud is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income, profits or gains than the amounts actually earned, overstating deductions, bribing authorities and hiding money in secret locations. Tax evasion is an activity commonly associated with the informal economy. One measure of the extent of tax evasion (the "tax gap") is the amount of unreported income, which is the difference between the amount of income that the tax authority requests be reported and the actual amount reported. In contrast, tax avoidance is the legal use of tax laws to reduce one's tax burden. Both tax evasion and tax avoidance can be viewed as forms of tax noncompliance, as they describe a range of activities that intend to ...
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Dominican Republic
The Dominican Republic is a country located on the island of Hispaniola in the Greater Antilles of the Caribbean Sea in the Atlantic Ocean, North Atlantic Ocean. It shares a Maritime boundary, maritime border with Puerto Rico to the east and a Dominican Republic–Haiti border, land border with Haiti to the west, occupying the Geography of the Dominican Republic, eastern five-eighths of Hispaniola which, along with Saint Martin (island), Saint Martin, is one of only two islands in the Caribbean shared by two sovereign states. In the Antilles, the country is the List of Caribbean islands by area, second-largest nation by area after Cuba at and List of Caribbean countries by population, second-largest by population after Haiti with approximately 11.4 million people in 2024, of whom 3.6 million reside in the Greater Santo Domingo, metropolitan area of Santo Domingo, the capital city. The native Taíno people had inhabited Hispaniola prior to European colonization of the America ...
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