Money Archives - Rolling Out

Morehouse School of Medicine students are set to receive a major financial boost, initiated by Michael Bloomberg and Bloomberg Philanthropies, as the former NY mayor and presidential candidate is pledging $26 million to the school. According to multiple sources, the investment will cover currently enrolled students to the tune of $100,000. “This historic investment in…

Michael Persaud and his brothers, Mark and Irwin Persaud, understand the value of leveraging culture. After years of working in the fields of music, media and entertainment with companies such as Quincy Jones’ Qwest/Warner Brothers Records and RCA Records, the Persaud brothers decided to delve into the financial arena. They now serve as wealth management…

In this time of uncertainty, money is of the utmost importance. As we work to come out on the other side of this pandemic, it is important that we are financially stable. Rolling out spoke to wealth accumulation specialist Kimberly Thomas and she shared some valuable and actionable tips. Thomas has 22 years of experience…

A woman in Gainesville, Florida, allegedly tried to kill her boss to hide her own fraudulent activity, The Gainesville Sun reported Feb. 19, 2020, based on a sworn complaint obtained by the publication. The alleged incident occurred on the morning of Jan. 17, when Linda Renae Williams, 39, drove to her supervisor’s home. Williams allegedly…

After winning a lawsuit centered around discrimination in the workplace, a Michigan man ran into another round of discrimination from his bank. Sauntore Thomas initially sued his former employer, Enterprise Leasing Company of Detroit, for racial discrimination. Details of the lawsuit and settlement remain confidential, according to the Detroit Free Press. On Wednesday, Jan. 22,…

A pastor in Chicago peddled religion for a payday. Rev. Clarence Smith, Jr. allegedly used his storefront church, New Life Impact Church in the Lawndale neighborhood, as a way to make himself wealthy, according to New York Post. Rev. Smith, 45, allegedly defrauded the federal Child and Adult Care Food Program that is administered by…

During the latest episode of the “Real Housewives of Atlanta,” fans watched as Kandi Burruss’ husband Todd Tucker discussed getting his wife involved in a Mexican-style restaurant. After he gave her a tour of the space, Burruss suggested that Tucker pump the brakes on the new venture since he already has expenditures in the hundreds…

Dame Dash is facing another lawsuit. The outspoken entrepreneur and former music executive is being sued for sexual assault, according to The Blast. According to the lawsuit, Dash hired Monique Bunn to shoot photos in April 2019. Bunn stayed with Dash and his family at their Los Angeles home. On April 19, 2019, Dash allegedly…

A man who allegedly had dreams of living a lifestyle of the rich and famous took a wrong turn on his road to riches. Arlando M. Henderson, an aspiring rapper from Charlotte, was hired by Wells Fargo in April 2019, according to WTHR. With his job duties, Henderson had access to the bank’s vault which…

Harvey Weinstein has come to terms with his female accusers. On Dec. 11, The New York Times reported that Weinstein reached a tentative settlement with the women who said he harassed them. Over 30 actresses and ex-employees of Weinstein were named in the lawsuit against him and his company, Weinstein Company. The women will receive…

Kylie Jenner’s monthly security expenses revealed. The 22-year-old Lip Kit guru – who has 21-month-old daughter Stormi with Travis Scott – spares no expense in ensuring her family is kept safe, her father Caitlyn Jenner has revealed. Asked if the famous family always needs security, Caitlyn told her campmates on the UK reality show “I’m…

A man who used dating apps to swindle women out of money recently learned his fate. On Nov. 27, John Hill was sentenced to seven years in prison and 13 months probation, according to The Atlanta Journal-Constitution. Hill used his charm to prey on Black women and scam them for money. He would find his…

Judge Joe Brown is catching flack for speaking against Harriet Tubman. During a conversation with Umar Johnson, Brown shared his views on Tubman replacing Andrew Jackson on the $20 bill. Brown suggested that a Black man should be on the bill, not Tubman. “The status of an ethnic group is determined by its men, not…

At 31, Rashard Marshell has already created a multimillion-dollar empire. With 80 employees and three upscale mega-salons in Los Angeles, Marshell continues to grow and build the integrity of his establishments, which include RVM Salons, RVM Cutz and RVM Twists. He has also used his salons to give back by facilitating annual back-to-school drives, feed…

By Monica Bey How does your money look right now? Is it strong and abundant, or is it missing in action? Have you been trying everything to increase your bank balance but nothing seems to work? If so, it could be because your mind is in the way. Yes, that’s right, I said your mind. Let…

Prior to her dive into the cannabis industry, Portia Mittons cut her teeth as an event manager for ParentPowerChicago. Her experience therein paved the way for her latest success — Legit Trappin’ Cannabis Industry Symposium — which will host some of the industry’s biggest players Sept. 8. Mittons sat down with us to share valuable…

“Real Housewives of Atlanta” fans were definitely in their feelings when Kandi Burruss and her daughter Riley each solicited birthday money from fans via CashApp. This is the same Grammy-winning, multiplatinum and multimillionaire Kandi Burruss who purchased her daughter a Porsche for her 16th birthday last year that retails for about $65,000. Subsequently, fans wanted…

Singer R. Kelly’s legal and financial situation is so dire that he is literally begging for celebrity friends and even fans to help pay his astronomical legal bills. Kelly wants to procure the services of famed defense attorney Tom Mesereau, TMZ states. He is the legal connoisseur who got Michael Jackson off from child sexual…

The U.S. Black Chambers Inc. (USBC) continued its 10th annual conference on Aug. 20. Held at the Gaylord National Resort and Convention Center in National Harbor, Maryland, the second day featured more panels and intimate discussions that inspired business owners and cultural creatives. Day two kicked off with the “Canna-Biz: The Business of Cannabis” panel…