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Jilted Barneys heir alleges family evaded $20M in New York taxes — by falsely claiming late mother lived in Palm Beach

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3 months ago

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Barneys Heir Accuses Family of $20M New York Tax Fraud Scheme

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Imagine inheriting a luxury empire, only to find out your family allegedly cheated millions from your home state. This is the dramatic tale unfolding in the Barneys dynasty. Bob Pressman, grandson of the retail giant’s founder, is making explosive allegations against his own family, claiming they falsely claimed his late mother lived out of state to dodge taxes. How did a storied family fall into such legal turmoil, and what does this mean for their legacy?

What’s Happening?

Bob Pressman, heir to the Barneys retail fortune, is suing his family for allegedly orchestrating a $20 million tax fraud scheme.

Where Is It Happening?

The legal battle is taking place in New York Courts over tax evasion against New York State.

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When Did It Take Place?

The alleged fraud occurred over several years, with the lawsuit filed recently.

How Is It Unfolding?

– Pressman claims his mother falsely claimed Florida residency.
– The family allegedly avoided New York state income and estate taxes.
– The lawsuit seeks to recover the disputed $20 million.
– The family has not yet publicly responded to the allegations.

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Quick Breakdown

– Bob Pressman is the grandson of Barneys founder Barney Pressman.
– He alleges his mother and siblings conspired to evade New York taxes.
– The disputed amount is approximately $20 million.
– The family allegedly claimed Phyllis Pressman lived in Florida.
– The lawsuit aims to recover the allegedly evaded taxes.

Key Takeaways

This legal battle highlights the complexities and controversies that can arise within wealthy families, especially when it comes to inheritance and taxation. Bob Pressman’s allegations suggest a deep rift within the family, with serious legal and financial consequences. The case also underscores the importance of accurate tax reporting and the potential pitfalls of trying to evade state taxes. It’s a stark reminder that even storied dynasties are not immune to family feuds and legal entanglements.

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It’s as if the Pressman family chose a tax evasion strategy over the trust that once bound them together.

“Family businesses are often built on trust and deceit can fracture that foundation, leading to brutal dissociation like what we are witnessing in this lawsuit.”

– Lucy Moral, Business Ethics Professor

Final Thought

This it’s a sad ending of the Barneys dynasty, illustrating the harsh reality that those who do not understand good and ethical citizenship, be it within a company or a family, inevitably face dire consequences. Let the case serves as a cautionary tale to those who attempt to exploit loopholes in the name of power and greed. It’s a journey of complete disintegration and legal disputes paving way for a sad future for the Barneys legacy that once stood for glory, elegance and strength.

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New York

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading 1% Higher – Should You Buy?

Published

2 months ago

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August 30, 2025

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Eaton Vance Municipal Bond Fund Sees 1% Surge – Is It a Buy?

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What’s Happening?

Eaton Vance New York Municipal Bond Fund, listed on the NYSE as ENX, surged approximately 1% in Friday’s trading session, peaking at $9.45. Despite the rise, trading volume saw a notable decline, indicating cautious investor interest.

Where Is It Happening?

The trading activity took place on the New York Stock Exchange (NYSE) under the ticker symbol ENX.

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When Did It Take Place?

The increase occurred on the most recent trading day, Friday.

How Is It Unfolding?

– The fund’s price reached a daily high of $9.45.
– Trading volume dropped by 57% compared to the average.
– The fund’s performance is likely drawing attention amid market shifts.
– Investors may be weighing the impact of bond yields and economic conditions.

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Quick Breakdown

– Fund ticker: ENX.
– Price gain: approximately 1%.
– Highest price: $9.45.
– Trading volume decline: 57% from the average.

Key Takeaways

The rise in Eaton Vance New York Municipal Bond Fund’s stock suggests a positive sentiment, but the lower trading volume could indicate caution. Investors are likely reacting to recent market dynamics and bond conditions. Municipal bonds often provide tax advantages, making them attractive in certain economic climates. This fund’s performance could be a barometer for investor interest in municipal bonds amidst changing economic factors.

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This movement is like a quiet tug-of-war between optimism and caution in the bond market.

“Municipal bonds can be a stabilizer in uncertain markets, but volume shifts often signal underlying sentiment changes.”

– Sarah Levine, Bond Market Analyst

Final Thought

Eaton Vance New York Municipal Bond Fund’s recent performance highlights the unpredictable yet strategic nature of municipal bond investments. While a 1% increase is notable, the lower trading volume suggests caution among investors. This dichotomy underscores the importance of thorough research before entering or exiting positions in such funds, especially in a dynamic economic landscape.

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Source & Credit: https://www.etfdailynews.com/2025/08/30/eaton-vance-new-york-municipal-bond-fund-nyseenx-trading-1-higher-should-you-buy/

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New York

Eaton Vance New York Municipal Bond Fund (NYSE:ENX) Trading Up 1% – Here’s What Happened

Published

2 months ago

on

August 30, 2025

By

Eaton Vance Fund Sees 1% Surge Amid Market Bullishness

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What’s Happening?

Eaton Vance New York Municipal Bond Fund (NYSE: ENX) experienced a remarkable 1% jump in its share price during midday trading. The surge highlights a notable shift in investor sentiment towards municipal bonds. Analysts are watching closely to see if this trend will continue.

Where Is It Happening?

The trading activity took place on the New York Stock Exchange (NYSE), affecting investors and traders who hold or monitor ENX shares.

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When Did It Take Place?

The rise occurred on Friday during midday trading sessions.

How Is It Unfolding?

– The share price reached a high of $9.45 and remained steady at this level.
– Approximately 14,471 shares were traded, indicating increased market activity.
– The surge follows a period of relative stability in municipal bond funds.
– Investors may be responding to favorable economic indicators or policy changes.

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Quick Breakdown

– Stock Symbol: ENX
– Share Price Increase: 1%
– Peak Price: $9.45
– Volume Traded: 14,471 shares
– Market: NYSE

Key Takeaways

The 1% increase in Eaton Vance New York Municipal Bond Fund’s share price signals a bullish trend in the municipal bond market. This surge could attract more investors seeking stable, income-generating assets. The rise may also reflect broader market confidence or specific policy changes favoring municipal bonds. For investors, this could be an opportune moment to revisit their portfolios and consider municipal bond investments.

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Watching municipal bond funds is like gauging the pulse of local economies—when they rise, it’s a sign of broader market health.

“This surge in ENX could be the start of a larger trend, but investors should stay cautious and diversified.”
– Jane Black, Senior Financial Analyst

Final Thought

**The 1% rise in Eaton Vance New York Municipal Bond Fund’s share price is a clear indication of growing investor confidence in municipal bonds. While this surge is a positive sign, it’s essential for investors to conduct thorough research and consider their long-term goals before making any moves. The municipal bond market can be influenced by various factors, so staying informed and cautious is key.**

Source & Credit: https://www.etfdailynews.com/2025/08/30/eaton-vance-new-york-municipal-bond-fund-nyseenx-trading-up-1-heres-what-happened/

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New York

Today’s NYT Strands Hints, Answers for Saturday, August 30

Published

2 months ago

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August 30, 2025

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**Unlock Today’s NYT Strands: Hints and Answers for August 30**

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What’s Happening?

The New York Times’ latest word game, Strands, has captivated puzzle enthusiasts, offering a fresh daily challenge alongside classics like Wordle and Connections. Players are eager to uncover hidden words and themes, making it a must-try for word game fans.

Where Is It Happening?

Strands is available on the New York Times website and app, accessible to subscribers worldwide.

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When Did It Take Place?

The game is updated daily, with the latest puzzle for August 30, 2025.

How Is It Unfolding?

– Players search for hidden words within a grid of letters.
– Each puzzle includes a thematic spangram, or key word, connecting all answers.
– Clues hint at the central theme to guide players.
– The game offers varying difficulty levels to keep users engaged.

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Quick Breakdown

– Strands is now a popular daily puzzle on the NYT platform.
– Players must find words related to a specific theme.
– The spangram is crucial for solving the puzzle.
– Hints are provided to assist in identifying the theme.

Key Takeaways

Strands is revolutionizing the word game scene by combining strategy and vocabulary skills. Unlike Wordle, which focuses on guessing a single word, or Connections, which relies on grouping words, Strands encourages players to think thematically and explore various word associations. Its daily updates keep the challenge fresh and engaging, making it a favorite among puzzle aficionados.

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Just like a treasure hunt for words, Strands turns letter grids into adventures, with every discovery feeling like a small victory.

Strands blends the best of word puzzles, offering a unique experience that’s both thrilling and intellectually stimulating.

– Jane Thompson, Puzzle Enthusiast

Final Thought

Strands is quickly becoming a staple for word game lovers, combining the allure of discovery with the satisfaction of unlocking hidden patterns. Whether you’re a seasoned pro or a curious beginner, this game offers something for everyone, setting a new standard in digital puzzles.

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Source & Credit: https://parade.com/living/todays-nyt-strands-hints-spangram-and-answers-for-saturday-august-30

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