Best 18-month CD rates April 2021 Bankrate 2 hrs ago
Deciding where to stick your savings is tricky.
Savings accounts and money market accounts are highly liquid but usually offer a low rate of return.
Long-term CDs usually offer better rates. But unless you’re willing to pay a premium for withdrawing your funds early, they’ll be locked in for years.
An 18-month CD offers the best of both worlds: a higher yield than a standard savings account and a low level of commitment.
Bankrate’s guide to choosing the right CD rate
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Utah Trucker Pleads Guilty to Paying Bribes
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A Utah man has pleaded guilty to paying $490,000 in bribes from 2012-2019 in order to steer $24 million in business to trucking operations he founded.
Hubert Ugarte, 52, of Draper, Utah, also earlier this month pleaded guilty to fraudulently obtaining a federal Paycheck Protection Program loan for some of his other trucking companies.
In the bribery case, prosecutors said Ugarte was convicted of fraud and money laundering charges for his involvement in a pay-to-play scheme where prosecutors alleged that Ugarte was one of 10 accused defendants who collectively paid approximately $1 million in bribes to FedEx Ground senior linehaul manager Ryan Mower to steer shipments to their businesses. According to his plea, Ugarte alone was responsible for about half of that total.
Owner of Utah Trucking Companies Pleads Guilty to Role in FedEx Trucking Bribery Scheme Published: 10 April 2021 10 April 2021
Salt Lake City, Utah - Hubert Ivan Ugarte, 52, of Draper, Utah, pleaded guilty for his role in two separate fraud schemes last week in federal court. Ugarte first pleaded guilty to charges related to a federal bribery case involving the procurement of FedEx Ground (FXG) contract shipping routes worth $24 million dollars of profit and also pleaded guilty to fraudulently obtaining a federal Paycheck Protection Program (PPP) loan for other trucking companies.
In the bribery case, Ugarte was convicted of fraud and money laundering charges for his involvement in a pay-to-play trucking scheme where prosecutors alleged that Ugarte was one of ten defendants who paid approximately $1 million in bribes to the Utah FXG Ground Hub manager in order to exploit the manager’s position with FedEx and make their trucking businesses as lucrative as possible.