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The crypto-art market is being infiltrated by fakes, thieves and scammers


The crypto-art market is being infiltrated by fakes, thieves and scammers
The craze for non-fungible tokens was supposed to help artists keep control of their work, but has created juicy incentives for fraudsters
15 March 2021 • 7:00am
God of the Grove by Hedi Xandt, an artwork that was sold as an NFT without its creator s knowledge
Credit: Hedi Xandt
David Drayton had been so excited to own some real crypto-art. Intrigued by the growing buzz, the German designer paid about €50 (£43) in cryptocurrency for a digital certificate of ownership for a lovingly computer-rendered Grecian statue with its face worn away to reveal a golden skull. ....

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Los Angeles Water & Power re-signs StepStone as real estate consultant


Los Angeles Water & Power re-signs StepStone as real estate consultant
StepStone Real Estate as real estate consultant, said Jeremy Wolfson, chief investment officer.
The $18.4 billion pension fund issued an RFP in September. StepStone had inherited the contract of incumbent consultant Courtland Partners in 2018 following its acquisition of that firm.
As of Nov. 30, the actual allocation to real estate was 6.8%; the target is 7%.
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Parkersburg man receives prison sentence in federal meth case | News, Sports, Jobs


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CHARLESTON A Parkersburg man prosecuted under the Project Parkersburg initiative was sentenced to 10 years in a federal prison.
The prison term for Michael Rhodes, 41, will be followed by five years of supervised release for conspiracy to distribute more than 500 grams of methamphetamine and possession with intent to distribute methamphetamine, United States Attorney Mike Stuart said.
Rhodes had pleaded guilty and admitted to distributing methamphetamine in and around Parkersburg, Sguart said.
At the sentencing hearing on Thursday, United States District Judge Irene C. Berger noted Rhodes had traveled from Parkersburg to Arizona and California in 2018 and records showed calls and money transfers from Parkersburg to Sinaloa, Mexico, Stuart said. ....

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