Missouri Performer Gets Probation In Foster Kid Charity Scam

Garrett was initially supposed to be sentenced in January, but Judge Roseann Ketchmark asked for a continuance to allow the government to explore whether or not some of the money Garrett owed could be donated to a charity.

That was despite a $774 million charge Switzerland's biggest bank reported in the first quarter of 2021 from the collapse of Archegos, which cost global banks more than $10 billion when the stricken family office defaulted on margin calls.

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(AP) - A performer in the Missouri tourist town of Branson who convinced his audiences to donate thousands of dollars to a fake charity for foster children has been sentenced to five years of probation.

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Hamers' achievements ..., the (board of directors) also considered other factors, such as .. "In addition to the overall 2021 performance of the Group and Mr. a loss from a U.S.-based client of our prime brokerage business," UBS said in the report, referring to the Archegos-related loss.



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ZURICH, March 7 (Reuters) - UBS executives earned less in 2021, Switzerland's biggest bank said on Monday, as bonuses for top management were cut after the bank took a $861 million hit from the collapse of U.S.
fund Archegos Capital Management.



James Patrick Garrett, a 65-year-old best known for his John Denver tribute, also was ordered to pay $82,000 in restitution when he was sentenced Friday for wire fraud, the Springfield News-Leader reported.
He entered a guilty plea last year.

In his first full year as chief executive, Ralph Hamers received 11.5 million Swiss francs ($12.5 million), the bank said in its annual compensation report, less than the 13.2 million Swiss francs his predecessor Sergio Ermotti collected for his 10 months in the role in 2020.



After some research, it was determined that roughly $52,000 of the restitution money would be paid to FosterAdopt Connect, an organization that works in Missouri and Kansas to help kids and families navigate the foster care system.

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But prosecutors said Garrett used the donated money to eat out, pay off credit cards and pay rent and taxes. The enterprise purported to provide housing, education, food and other needs to displaced or homeless children.

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