The Manipulative, Little Known Billionaire Who Nearly Ruined The Country’s Richest Black Person | Glusea.com
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The Manipulative, Little Known Billionaire Who Nearly Ruined The Country’s Richest Black Person

2020 has been a tough year for many people’s finances as the coronavirus has decimated jobs and put 401(k)

ver since Ford Motor Company began selling its Model T in 1908, few pieces of technology have been as important to car dealer profit margins as the DocuPad. 

The 45-by-29-inch flat screen sits atop a salesman’s desk, giving him the ability to quickly coax customers through what would normally be mountains of paperwork. By enabling car buyers to check boxes with a stylus and sign contracts on the interactive screen, the DocuPad takes the friction out of a car salesman’s stock in trade—the upsell. 

In a 2019 court deposition, the secretive Robert Brockman, 79, whose enterprise software company, Reynolds and Reynolds, sells DocuPad, offered a rare peek into the microeconomics of car sales. Brockman said the DocuPad enabled finance managers to upsell by at least $200 per transaction in a business where margins on every car sold or leased are typically razor-thin. “You recover the initial cost of DocuPad very, very quickly,” Brockman said, alluding to the $10,000 startup fee, plus an ongoing $1,000 monthly license. “And then, from that point on, it is a massive generator of profits.” 

Naturally, a dealer can get the DocuPad only if he’s also a licensee of one of Brockman’s integrated dealer management systems—digital platforms for everything from parts inventory and service scheduling to the machines that secure the thousands of keys at an average dealership. When you have thousands of captive dealers locked into multiyear contracts, those fees turn into $1 billion, with annual income estimated to be $300 million. And Brockman controls 98% of it through an offshore trust, a stake worth at least $3 billion. 

Brockman’s ability to quietly pile up billions came to a crashing halt in October 2020, when he was charged with masterminding the largest tax-evasion case in American history, accused of hiding some $2 billion in income from the Internal Revenue Service over the last two decades. Brockman has pleaded not guilty to all charges and is free on a $1 million bond. Neither Brockman nor his attorneys have responded to Forbes’ requests for interviews. 

Brockman’s alleged scheme helped hide profits gushing from one of the nation’s most successful private equity firms, Austin, Texas–based Vista Equity Partners, founded by the nation’s richest Black person, Robert F. Smith. Last October, Smith signed a nonprosecution agreement with the Department of Justice and confessed to what would have been a host of tax felonies tied to secret offshore accounts set up at Brockman’s behest. Starting in 2000, Brockman committed $1 billion in capital to Vista’s first fund and taught Smith the ins and outs of running an enterprise software business. He continues to hold small interests in several of Vista’s $73 billion in private equity funds. Smith has already paid a record $139 million to get the IRS off his back and agreed to cooperate with investigators in the case against his onetime benefactor and mentor.

The saga has all the drama and intrigue of a crime novel, involving a Playboy model, a network of offshore accounts and an encrypted email system in which Brockman referred to Smith as “Steelhead.” Brockman’s attorney, an Australian named Evatt Tamine, who functioned as the billionaire’s nominal trustee, was known as “Redfish.” The IRS was “the House,” and Brockman, the tip of the pyramid, was “Permit.” 

A months-long investigation by Forbes reveals that the alleged tax evasion is not the first, or only, sin Brockman may have committed during his impressive career. On his way to amassing a net worth estimated to be $6 billion, the Houston-based entrepreneur has left a trail of hundreds of arbitrations and lawsuits from auto dealers who are his core customers, claiming that his underhanded tactics cheated them, too, out of hundreds of millions. 

Source : Forbes

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4 Reasons You Need To Bet At Multiple Online Sportsbooks

beeting

When you decide to finally stop simply watching your favorite sports and start to play and test your luck in sports betting, you might encounter these lines: “you should be online” and “you should bet at multiple online sportsbooks.” And when you do your research, many expert bettors also suggest the same idea. And that makes you wonder why there is a need to bet on different sportsbooks when you can do it on one.

Well, you’ve come to the right place to answer the question that’s been bugging you. Here, we will give you the most important and key takeaways that should help you figure out why many bettors, including experts, highly advise betting at multiple sportsbooks. We also included additional information that makes betting at multiple bookies a fun thing.

Reasons Why Betting At Multiple Sportsbook Is An Advantage

First thing you should know is that betting on multiple online sportsbooks is a great idea. If you did your research, you could find principles mentioned by many expert bettors that having multiple accounts on different online sportsbooks will gain you leverage. That means the more accounts you have, the better chances of improving your profit or your winnings.

So here’s the first reason why…

Line Shopping

Any sports bettor who wants to become an expert or be professional should know how to do line shopping or “odds shopping.” This is one of the basic principles in sports betting, and it’s one of those fundamentals that must be mastered.

Line shopping or odds shopping is like buying your favorite pair of shoes. You visit one shop and another to find the best price for the item. Once you spot the best price, you grab it. That ends with the same quality and brand of the shoes but purchased it at a lower price. That’s the concept of line shopping- getting the best value for your money.

However, there’s a trick that you should know in the world of sports betting. A Sportsbook will set their odds differently from others, all because they’re favoring the crowd’s favorite or they want to balance their money roll while keeping their patrons happy. This is why you need to sign up for multiple online sportsbooks; to beat this trick.

Lots Of Offers

This one thing that many sports bettors enjoy so much: free money and tons of offers on promotions and bonuses!

Online bookies are businesses, and just like any other business, they want to make their clients happy as much as possible all the time. This is to ensure that the client will return and still play at their platform. And the things they do to make this possible? That’s to keep them entertained and fascinated.

Newly signed-up users usually have free money that they can enjoy when trying their luck and taste betting without the need to use their real money. There are also free bets that require no real money from you, but it turns into real cash prizes when you win. There are also risk-free bets that entice sports bettors to keep on playing.

Timing

In sports betting, timing is very crucial, and this is one thing that you should learn. When you sign up for different bookies, you’ll learn that they’re rolling out their betting offerings at different times. Some bookies post their moneyline at night before the event takes place. With this type of timing, you can still see how the line shift gives you time to do some readjustments. This can be an advantage for you.

But some bookies post their moneyline on the day of the event; some post it an hour before the event. This might be a problem if you’re using this kind of bookie. You don’t have time to adjust your bets or make necessary changes as the line starts to shift.

If you’re the type of bettor who wants to study line movement, this type of bookie is not for you, and you should start checking other bookies out there.

More Variety In Betting Options

Suppose you want to enjoy the lucrative world of sports betting, or you’re just bored with the typical money line, over/under, and other betting types. In that case, many bookies offer a variety of betting options, and it might get you interested and hooked. Some of these other betting varieties are easy to play with, some offer hefty cash prizes, and some offer decent wins.

The more sportsbook accounts you have, the more options you have at your disposal. And it means you have more chances of winning or improving your profit. You play and win, and sometimes, if you lose, it’s a manageable loss since some of these betting types require a low betting price. 

To sum it all up

Betting at multiple online sportsbooks offers you many advantages that can make you improve your winnings. You can always play the traditional betting types or enjoy and indulge in some minor betting varieties that don’t require too much research and analysis. There’s one thing that you should remember all the time, always choose a credible bookie. There are tons of them already on the web, so make sure you study them or ask experts if they are trusted ones. You don’t want to get robbed on the online web.

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Melinda French Gates Now A Billionaire After Stock Transfer From Bill Gates

Melinda French Gates

According to reports from Forbes, Melinda Gates is now officially a billionaire. After the two announced their decision to end their 27-year-old marriage.

Bill’s investment vehicle, Cascade Investment, transferred $1.8 billion in securities to Melinda on Monday, May 3, the same day the pair announced their surprise divorce, according to SEC filings. That makes Melinda worth at least $1.8 billion, while the stock transfer puts a slight dent in Bill’s net worth, which fell to an estimated $128.6 billion, from $130.4 billion. Even after the ten-figure transfer, the Microsoft cofounder remains the fourth-richest person in the world. 

Melinda received 2.94 million shares of AutoNation and 14.1 million shares of Canadian National Railway Co., which are worth $309 million and $1.5 billion, respectively. (Bloomberg News first reported the transfer.) Bill uses Cascade Investment, a holding company based in Kirkland, Washington, to manage his money, including the proceeds from selling Microsoft shares. Bill at one point owned a significant slice of Microsoft, but has given away (to the Gates Foundation) or sold most of his stake over the years and now holds less than 1%.

The stock transfer is almost certainly part of Bill and Melinda’s divorce settlement. While it’s unclear if they signed a prenup, according to their divorce filing Bill and Melinda asked a judge in Washington State to divide their assets based on the terms of a separation contract—a document that is typically signed when spouses are living apart but have not yet divorced. The terms of the contract weren’t disclosed. Bill may have also transferred other assets to Melinda in nonpublic transactions. 

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Social and Lifestyle

Mindfulness Activities to Find Calm at Any Age

Mindfulness

The practice of mindfulness is gaining popularity as a way to ease stress, soothe anxiety, and be more present and engaged in life.

Good news: Incorporating mindfulness activities into your routine can be incredibly simple, no matter what your age.

With a little forethought, almost everything you do can become an opportunity for mindfulness

The everyday mindfulness activities below offer plenty of opportunities to slow down, get present, and be more aware of yourself and your surroundings.

Mindfulness activities for adults

One of the most common and well-known mindfulness activities for adults is meditation. While it may seem esoteric or inaccessible, meditation can actually be very simple.

These exercises are meant to transform everyday experiences into mindful moments.

Walking meditation

Walking meditation is exactly what it sounds like: a form of meditation you practice while walking, often in a straight line or circle.

You can do it almost anywhere, whether you’re walking to work, taking a stroll around the neighborhood, or hanging out with your kids at the park.

Mindful driving

If you’re driving your car, you can engage with the process by focusing on the weight of the vehicle underneath you, the texture of the road you’re driving on, the sound of the tires against the gravel, even the shape and feel of the seat against your rear.

Then, you can send your focus out to scan your environment and become aware not only of other vehicles, lights, and pedestrians, but also of the terrain, foliage, and skyline. With practice, you may even become a better driver.

Keep your phone on silent, turn off the music, and save the makeup application for the parking lot.

Single-tasking

You likely (correctly!) guessed that single-tasking is the opposite of multitasking. All it requires is showing up fully to whatever task you’re working on.

If you’re working on the computer, focus on one task at a time. As much as you may not want to, close all the browser tabs that aren’t relevant to the project you’re working on. This can help free up mental space and might even create laser-focus.

To deepen the practice, focus on:

  • how you’re breathing
  • how your body feels in your seat, or how your feet feel against the floor if you’re standing
  • the sensation of the air or your clothes against your skin
  • the structure and posture of your body

Mindful eating

Mindful eating is a way to turn something you do every day into a mindfulness practice.

You can make mealtimes more mindful with a few basic mindful eating practices, like listening to the sizzle of your pan and chewing slowly to savor every bite.

Other mindful eating tips you might want to try:

  • Try eating with your non-dominant hand.
  • Eat the first few minutes of your meal in silence and focus on the flavors, aromas, and texture of your food.
  • Turn off your TV and put your phone away while you eat.

Mindful gardening

Gardening is a great way to practice mindfulness and connect with nature at the same time. Set yourself up with a simple task, like planting some seeds or watering some flowers.

As you do so, place your hand in the soil and feel its texture. Is it rough or fine? Is it damp or dry? Is it warm or cool? Allow yourself to enjoy the process as if you were a child playing.

Notice the weather — not through your mind, but through your sensations. Do you have goosebumps from a chill in the air, or is there sweat on your brow from the hot sun?

Notice any other forms of life around you, like a chattering squirrel or chirping bird. You’re likely to meet a worm or roly-poly in the soil, too.

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