Walnut Creek Accountant Sentenced In Tax Fraud Case

A Walnut Creek accountant was sentenced this week to eight months in prison for his role in filing false tax returns for a client that resulted in $4.7 million in unpaid taxes. Certified public accountant Marc Howard Berger, 68, was found guilty in July of assisting in the preparation of three false Form 1040s for his client, G. Steven Burrill, according to the U.S. Attorney's Office, Northern District of California.

Renaissance Technologies LLC Buys 268,450 Shares of Axis Capital Holdings Limited

Renaissance Technologies LLC grew its stake in Axis Capital Holdings Limited by 39.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 944,800 shares of the insurance provider's stock after purchasing an additional 268,450 shares during the period.

Cryptocurrency project Basis to shut down and return funding to investors

Basis, a cryptocurrency project that in April announced it had raised US$133 million from a slew of high profile investors, has announced that it is shutting down and returning the funds to its backers because of regulatory concerns. The project, which was being developed by U.S.-based company Intangible Labs, had aimed to create a new type of cryptocurrency known as a "stablecoin" that could maintain a stable price and be more usable than existing digital coins whose value in dollars is highly volatile.

These Were the Best Companies for Women and Diversity in 2018

From November 2017 to November 2018, careers site Comparably pulled together 10 million rankings across 50,000 companies to create its annual list of the top companies for women and diversity. Those that made the final cut were the companies that were rated highly by the company's female and underrepresented employees, on areas like workplace culture, work environment, compensation and leadership.