SUMMARY: James Elliott Davis, 36, of Ponte Vedra Beach, pleaded guilty to bank fraud, wire fraud, money laundering, and theft of mail related to a COVID-19 PPE fraud scheme. From 2018 to 2022, he operated Medisale Inc., falsely claiming the company made significant profits selling PPE and held hospital contracts. Davis presented fake bank statements to investors and manipulated accounts to appear wealthy. He used investor funds to cover debts, fabricate profits, and pay personal expenses, including a luxury club membership and $27,000 on custom clothing. He faces up to 65 years in prison and must pay restitution.

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The post A man used fraudulent money to buy a membership at luxury club in Ponte Vedra. He just pleaded guilty in COVID-19 scheme appeared first on www.news4jax.com

SUMMARY: Despite rising economic anxiety, UCF economist Sean Snaith forecasts no recession, predicting continued but slower growth amid trade policy uncertainties. Florida’s economy faces potential threats from geopolitics, domestic policies, and hurricanes, yet core sectors like tourism remain strong. By 2028, Florida’s nominal GDP is expected to surpass \$2 trillion, nearly 20% higher than last year. Economic growth rate will slow as the state nears full employment, resulting in modest labor and job growth. Key job sectors with steady growth include education and health services (1.9%), leisure and hospitality (1.5%), construction (1.4%), financial services (1.2%), and government (0.8%). Real personal income growth will average 2.9%, slightly above national rates. Per capita incomes are forecasted to rise across Florida’s metro areas by 6.1% to 10.1% through 2028.

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The post ‘It’s not easy:’ Here’s what could be coming for Florida’s economy appeared first on www.clickorlando.com

SUMMARY: With summer expenses rising—vacations, impulse buys, pricey lunches—financial advisor Charles Sachs urges a midyear money checkup. He warns against summer spending traps like online shopping and suggests assessing needs versus wants. In South Florida, transportation costs, especially owning multiple cars, drain budgets, costing around $20,000 yearly. For lunch, meal prepping saves money versus frequent dining out. Sachs’s top tip: use cash instead of cards to avoid overspending. People shared budgeting strategies like tracking expenses, using coupons, and comparing deals. His millionaire advice: save just $5 daily in an interest-bearing account to grow wealth over decades.

CBS News Miami’s Lisa Petrillo reports on how you can save money during the summer.

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