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Contract manufacturer consolidation: INW acquires Capstone Nutrition

M&A activity continues apace in the contract manufacturer sector with INW (Innovations in Nutrition + Wellness) announcing it has acquired Utah-based Capstone Nutrition from Brightstar Capital Partners. ....

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Fintech CEO Pleads Guilty to COVID Loan Fraud | Chief Investment Officer

Fintech CEO Pleads Guilty to COVID Loan Fraud
Sheng-Wen Cheng claimed celebrities, athletes, and even a deceased Penn State football coach were on his payroll.
A 24-year-old financial technology firm CEO has pleaded guilty to charges of bank fraud, securities fraud, wire fraud, and major fraud against the United States in connection with multiple schemes.
One of his schemes involved him attempting to steal more than $7 million in loans intended to provide relief to small businesses during the COVID-19 pandemic.
According to court documents filed with the Southern District of New York, Sheng-Wen Cheng, also known as Justin Cheng, exploited the Coronavirus Aid, Relief, and Economic Security (CARES) Act to pay for personal expenses such as a Rolex watch, a $17,000 per month luxury condominium, a Mercedes, and luxury goods from Louis Vuitton, Chanel, Burberry, Gucci, and Yves Saint Laurent. Cheng also solicited and obtained investments in companies he controlled throug ....

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ICO Scammer Pleads Guilty to Covid-Relief Scandal worth $7M

ICO Scammer Pleads Guilty to Covid-Relief Scandal worth $7M
Last Updated: 21 April 2021
An ICO fraudster has pleaded guilty to a scandal in which he defrauded financial institutions over $7 million in Covid relief funds. The fraudster used the proceeds on luxurious personal items, including a new car, Rolex watch, and apartment.
The U.S. Department of Justice has arrested a Taiwanese National, Justin Cheng, who has pleaded guilty to charges stating that he fraudulently obtained over $7 million in Covid relief. Cheng had applied for online loans in which he created false records of tax and payrolls from May to August 2020. He also defrauded investors through a false initial coin offering that he set up in 2018. ....

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Surging sales, more transparency pressure driving contract manufacturing transformation

Surging sales, more transparency pressure driving contract manufacturing transformation
©Getty Images - Starkovphoto
Rising demand in the contract manufacturing realm is driving both consolidation and pressure to make more transparent this sometimes closed section of the dietary supplement industry, observers say.
Contract manufacturers report that business is humming at a higher pace than ever. One major firm has said that it is getting so many more inquiries for new business that it is hard to even respond, much less schedule meetings to see if new contracts can be signed.
Demand is soaring, but can you trust it?
“Solicitations are way up,” Mike Finamore, CEO of Gemini Pharmaceuticals told ....

Long Island , Eilean Siar , United Kingdom , United States , Justine Cheng , Mike Finamore , Scott Steinford , Retailers Alliance , Health Wright Products , International Nutrition , Gemini Pharmaceuticals , Healthy Natural Inc , Bee Health , Protec Laboratory , Cornell Capital , Nutraingredients United States , Rosewood Private Investments , Healthy Natural , Global Manufacturers , Amazon Elements , நீண்டது தீவு , ஈயைலந் சீயார் , ஒன்றுபட்டது கிஂக்டம் , ஒன்றுபட்டது மாநிலங்களில் , ஜஸ்டின் செங் , மைக் பினமோரே ,

Surging sales, more transparency pressure driving contract manufacturing transformation

Surging sales, more transparency pressure driving contract manufacturing transformation
©Getty Images - Starkovphoto
Rising demand in the contract manufacturing realm is driving both consolidation and pressure to make more transparent this sometimes closed section of the dietary supplement industry, observers say.
Contract manufacturers report that business is humming at a higher pace than ever. One major firm has said that it is getting so many more inquiries for new business that it is hard to even respond, much less schedule meetings to see if new contracts can be signed.
Demand is soaring, but can you trust it?
“Solicitations are way up,” Mike Finamore, CEO of Gemini Pharmaceuticals told ....

Long Island , Eilean Siar , United Kingdom , United States , Justine Cheng , Mike Finamore , Scott Steinford , Retailers Alliance , Health Wright Products , International Nutrition , Gemini Pharmaceuticals , Healthy Natural Inc , Bee Health , Protec Laboratory , Cornell Capital , Nutraingredients United States , Rosewood Private Investments , Healthy Natural , Global Manufacturers , Amazon Elements , Supply Chain Management , Qa Amp Qc , Egislation Amp Enforcement , Manufacturer Insights , Ognitive Function , Immune Support ,