EddieJayonCrypto

 29 Oct 24

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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Ubiquiti Networks Inc Summary

Ubiquiti Networks Inc Summary

Ubiquiti Inc. develops network technology for service providers, businesses, and consumers. The company is headquartered in New York, New York.

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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The Current State of the Stock Market: A Technical Analysis Perspective

After conducting an in-depth technical analysis of the stock market, several key insights have emerged:

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United States Steel Corporation produces and sells tubular and flat rolled steel products primarily in North America and Europe. The company is headquartered in Pittsburgh, Pennsylvania.

Industry: Manufacturing, Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)

Market Cap: 8.64529 billion

Current Price: $16.78

Price Change: $0.2

Change Percent: 2.29%

PE Ratio: 75.31

Dividend Yield: 0.034

Shares Outstanding: 1.6853 billion

EPS: $41.87

RSI: -0.617

Moving Average: -0.178

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Interlink Electronics Inc Summary

Interlink Electronics Inc Summary

Interlink Electronics, Inc. designs, develops, manufactures, and sells force sensing technologies that incorporate proprietary material technology, firmware, and software into standard sensor-based products and custom sensor system solutions. The company is headquartered in Irvine, California.

Sector: TECHNOLOGY

Industry: COMPUTER PERIPHERAL EQUIPMENT

Market Cap: NEC

Revenue: 50801000

Net Income: None

Earnings Per Share (EPS): -0.21

Price-to-Earnings (P/E) Ratio: 1.282

Dividend Yield: -0.128

Volume: 12635000

Days Range: 7 - 21.01

Change From Open: -0.284

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CTO Realty Growth, Inc. is a Florida-based publicly traded real estate company owning approximately 2 income properties.

Sector: Real Estate & Construction

Industry: Real Estate Investment Trusts

Market Cap: 578.541M

Current Price: $31.64

Dividend Yield: 1.52%

EPS: $0.61

P/E Ratio: 5.09

Beta: 0.171

Volume: 118.662M

50-Day Moving Average: $21.93

200-Day Moving Average: $1.564

RSI (14): 0.117

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