tl;dr
Former Citibank personal banker, Juan Velez, admitted to stealing tens of thousands of dollars from a 79-year-old customer suffering from dementia. Over 12 months, Velez used unauthorized access to create fake electronic payment accounts and wired approximately $166,000 to himself. He purchased a Ha...
Former Citibank personal banker, Juan Velez, admitted to stealing tens of thousands of dollars from a 79-year-old customer suffering from dementia. Over 12 months, Velez used unauthorized access to create fake electronic payment accounts and wired approximately $166,000 to himself. He purchased a Harley-Davidson motorbike with the stolen money and used the customer's account to pay off his credit cards. Velez faces a six-month jail sentence, five years of probation, and must forfeit the motorbike.
A former personal banker at Citibank has admitted to stealing a huge pile of cash from an elderly customer. According to the office of the Manhattan District Attorney, 35-year-old Juan Velez stole tens of thousands of dollars from a 79-year-old customer over a span of 12 months. “According to court documents, statements made on the record in court and as admitted in the defendant’s guilty plea, Velez abused his position as a personal banker at a Citibank location on the Lower East Side to gain unauthorized access to the account of a 79-year-old man suffering from dementia and steal approximately $166,000 between April 2022 and April 2023.” Velez created fake electronic payment accounts in the septuagenarian’s name and used them to wire himself money, according to the Manhattan DA.
The former Citibank personal banker bought himself a Harley-Davidson motorbike using the stolen funds. Velez also used the septuagenarian’s account to pay off some of his credit cards. “The customer frequently visited the branch, often several times per week, and demonstrated extreme confusion about the state of his finances. During the time of the theft, Velez told his supervisor several times that he spent so much time helping the elderly customer because the customer had memory problems and did not understand the state of his finances.” Velez faces a six-month jail sentence and five years of probation. The sentence is scheduled to be handed out in December. The former Citibank personal banker will also have to forfeit the Harley-Davidson motorbike acquired using the stolen funds.
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MICROSTRATEGY INCORPORATED
MicroStrategy Incorporated provides global business analysis software and services. The company is headquartered in Tysons Corner, Virginia.
Industry: TECHNOLOGY
Sector: SERVICES-PREPACKAGED SOFTWARE
Market Cap: 47,237,390,000
Dividend Yield: None
EPS: -1.87
P/E Ratio: 2.901
Return on Equity: -0.437
Revenue: 480,634,000
Stock Price: 201.97
Volatility: -0.775
Beta: -0.074
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Sector: MANUFACTURING
Industry: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
Market Cap: 15638043000
Current Price: 44.74
PE Ratio: 2.4
EPS: 5.78
Dividend Yield: 31.9
Beta: 0.181
Revenue: 1928490000
Shares Outstanding: 172
Profit Margin: 0.004
Operating Margin: 0.033
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After conducting an in-depth technical analysis of the stock market, several key insights have emerged:
1. The S&P 500 index has exhibited a strong bullish trend, supported by the consistent upward movement of the 50-day and 200-day moving averages. The Relative Strength Index (RSI) further corroborates this bullish sentiment, indicating a healthy level of buying activity without reaching overbought conditions.
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These findings underscore the importance of maintaining a vigilant approach in the current market environment, with a keen focus on key support and resistance levels, as well as the behavior of technical indicators. While the overall outlook remains positive, potential risks and the inherent uncertainty of market dynamics necessitate a measured and informed investment strategy.
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Industry: Manufacturing, Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
Market Cap: 8.64529 billion
Current Price: $16.78
Price Change: $0.2
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Sector: TECHNOLOGY
Industry: COMPUTER PERIPHERAL EQUIPMENT
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Revenue: 50801000
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Price-to-Earnings (P/E) Ratio: 1.282
Dividend Yield: -0.128
Volume: 12635000
Days Range: 7 - 21.01
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Sector: Real Estate & Construction
Industry: Real Estate Investment Trusts
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EPS: $0.61
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Beta: 0.171
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200-Day Moving Average: $1.564
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