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College students and loans seem to go hand in hand, and student loan debt is an ever increasing problem in the U.S.But it might surprise you what some college students are doing with any excess loan money they may have after paying for things like tuition, books, and housing.A study by the Student Loan Report found that approximately one out of every five students with loans have used loan money in some form to invest in cryptocurrencies—in other words, things like Bitcoin.But financial advisers caution that may not be the best decision.“My gut reaction,” said financial advisor Martin Walsh with Brown and Tedstrom, “is that it’s probably a bad idea.”Walsh said using borrowed dollars to invest in speculative assets, such as Bitcoin, would make him “very nervous.”Cryptocurrency is the formal word for a type of digital money that uses encryption to transfer funds, independently of a central bank.Walsh cautions: “buyer beware.”“There’s been a ton of talk about cryptocurrency over the last year,” Walsh said, “mostly because of the massive run up in price.”Bitcoin — the biggest player in the Crypto game—saw prices for their “coins” at around ,000 in December. But fast forward two months to February and the price plummeted to ,000.Walsh has had clients ask about it mostly because “their friends have invested in them and have made money.” But he says that as a general rule the firm he works for, Brown and Tedstrom, won’t advise clients to invest in cryptocurrency.“It seems fun and easy, and things have doubled, tripled, even quadrupled. But there’s incredible volatility in investing in bitcoin and other cryptocurrencies,” said Walsh.Paul Foley, a big supporter of the technology behind cryptocurrency, says he has invested “quite a bit” in Ethereum, another player in the cryptocurrency realm. He says anyone investing now should see this as a “10 to 15 year plan”—not a short term way to make money.“I plan on holding for a very long time,” said Foley.But even he says that the notion of using borrowed funds, i.e. student loans, to invest in speculative assets like Ethereum is “a terrible idea.”Both Foley and Walsh say anyone looking to invest in this emerging field needs to do their homework. They both believe that the more uneducated people there are who decide to jump in the market on a whim, the greater the chances of a “bubble” bursting, similar to the housing market crash of 2008. 2440
CINCINNATI, Ohio — A dozen people connected to various moving companies were indicted in Ohio.The United States Attorney's Office in Cincinnati unsealed an indictment Tuesday that charged the people with conspiring in a racketeering enterprise to defraud customers through their moving companies.WMAR television station in Baltimore, Maryland has reported extensively on the activities of the moving companies. In the last year, they've been connected to four different companies in as many states including Flagship Van Lines, Unified Van Lines, Presidential Moving LLC, and Public Moving Services.The U.S. Attorney's Office has identified more than 900 victims and believes the companies operated in at least 10 states, according to an email sent to WMAR-2 News.A news briefing will be help at 1:30 p.m. Eastern and lives-treamed on WMAR-2 News Facebook.READ MORE:?FBI helping with investigation into Baltimore rogue moving companyREAD MORE: Unlicensed moving company mimics name of reputable Maryland businessREAD MORE: Moving company's license revoked over safety violationsREAD MORE: Complaint-ridden moving company linked to other businesses 1175

COPPER CENTER, Alaska – A hunter was killed by a grizzly bear in a national park in Alaska.The National Park Service (NPS) says it happened Sunday at Wrangell-St. Elias National Park and Preserve in the southeastern part of the state.According to NPS, the hunter was on a 10-day moose hunt with a friend when the bear attacked near the Chisana River drainage.Specific injuries in the attack have not been disclosed, but it appears nobody else was harmed during the incident.Officials say this is the first known bear mauling fatality recorded at the park since it was established in 1980.“Visitors are encouraged to be Bear Aware when traveling in the backcountry and take precautions such as carrying bear spray and using Bear Resistant Food Containers (BRFC),” wrote NPS in a statement. “The park also encourages hunters to read Bear Safety for Hunters located on the ADF&G website.”The identity of the deceased hunter is being withheld pending investigation, NPS says. 979
County employees in southern California have been arrested for allegedly damaging a Black Lives Matter sign that was displayed on private property in the city of Thousand Oaks.The homeowner installed a surveillance camera and captured several instances of people damaging and trying to remove the sign, which is a tarp along a fence with the letters "BLM" on it. Authorities said they recognized one of the vandals after the homeowner posted surveillance video on social media, according to the LA Times. Three people so far have been arrested, including Darin Stone, a sheriff's office employee in a non-sworn-in position. He was allegedly seen slashing the sign in two separate incidents while off-duty.Stone received a misdemeanor citation and was placed on administrative leave.Craig Anderson, an investigative assistant in the Ventura County DA's office was cited for vandalism. He resigned from his position.A third man, Jeffrey Moore, has also been arrested in connection with damaging the sign. This story originally reported by Anthony Wright at turnto23.com. 1077
CLEVELAND — Browns linebacker Mychal Kendricks has been charged with insider trading, NFL Network's Ian Rapport reported.U.S. Attorney William McSwain made the announcement in Philadelphia on Wednesday morning.In a public statement, Kendricks said he invested money with a former friend who he thought he could trust. 345
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