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Seven indicted in largest COVID-19 tax fraud case By Investing.com

On Wednesday, an indictment was unsealed in Central Islip, New York, revealing charges against seven individuals for orchestrating what is considered the nation’s largest COVID-19 tax credit fraud scheme. The defendants are accused of attempting to defraud the United States of over $600 million by filing more than 8,000 falsified…

VIX experiences largest single-day spike in five years By Investing.com

Investing.com — Christopher Jacobson, options strategist at Susquehanna International Group, weighed in on the approximately 70% surge in the spot Volatility Index () that took place on Wednesday. This represents the largest one-day increase for the measure in the last five years, and the most significant since the “Volmageddon” event…