News
Legal experts say investigations are ongoing into whether Shohei Ohtani is a victim of theft and potential trouble.
Uncertainty surrounds Shohei Ohtani, one of Major League Baseball’s biggest stars, as he finds himself entangled in a scandal involving illegal sports gambling. The situation has raised questions about whether Ohtani is a victim of theft or if he may be facing legal troubles.
The case is still shrouded in mystery, with limited information available to the public. However, legal experts suggest that more details may come to light as federal prosecutors delve into the matter. The central issue revolves around allegations that Ohtani’s money was used to settle gambling debts with an illicit bookmaker in California, with his interpreter and right-hand man, Ippei Mizuhara, implicated in the scandal.
Former federal prosecutor and sports betting expert Jeff Ifrah highlights the importance of cooperation between Ohtani’s camp and federal investigators to uncover the truth. The investigation may also prompt Major League Baseball to conduct its internal inquiry to determine if any league policies were violated.
While Ohtani and Mizuhara have not been charged with a crime, the repercussions of the betting scandal have reverberated throughout the MLB, particularly impacting one of its most high-profile players. The swift escalation of events, from playful interactions between Ohtani and Mizuhara to serious theft allegations, has left many baffled.
Conflicting narratives have emerged surrounding the case, with Mizuhara initially claiming that Ohtani was aware of his debts and agreed to assist him. However, he later retracted this statement, denying Ohtani’s involvement. The lack of concrete evidence has added to the confusion surrounding the situation.
Legal experts point out that the alleged theft, if proven, could have serious legal implications. Transferring funds to an illegal bookmaker may raise concerns about aiding criminal activities or engaging in fraudulent practices. The severity of the accusations, coupled with Ohtani’s high-profile status, makes it unlikely for federal prosecutors to overlook the matter.
Former federal prosecutor David Weinstein emphasizes the need for both parties to take appropriate steps in response to the allegations. Ohtani should gather evidence of the theft, collaborate with federal authorities, and prepare for potential civil litigation against Mizuhara. Meanwhile, Mizuhara should compile evidence to counter the theft claim and cooperate with authorities.
The complex nature of the case has prompted calls for a comprehensive investigation by both federal prosecutors and Major League Baseball. Unanswered questions and contradicting explanations from Ohtani and Mizuhara underscore the necessity for a thorough inquiry to determine the truth behind the allegations.
Ultimately, the handling of the situation by federal authorities and MLB will impact Ohtani’s future in the league. The possibility of suspensions or fines looms over the star player, raising concerns about the league’s reputation. As investigations proceed, Ohtani’s standing in baseball and the outcome of the scandal remain uncertain.
In conclusion, the unfolding saga involving Shohei Ohtani highlights the complexities and repercussions of allegations surrounding illegal sports gambling. With legal probes underway and investigations ongoing, the future of one of MLB’s biggest stars hangs in the balance as the truth behind the scandal slowly comes to light.
News
Is now the right time to invest in gold as prices have cooled?
The price of gold has climbed to record highs recently and has remained strong through much of April. And, that growth continued until the precious metal traded at around $2,390 per ounce on April 19, 2024. But since, growth in the price of the precious metal has cooled, with gold’s price now hovering around $2,300 per ounce.
This lull in gold’s price may represent an investment opportunity.
In general, investing is centered around buying assets when prices are low and selling them when prices are high – generating a profit on the difference between the two. So, considering the declines in gold’s price over the past few days, now may be the time to make your investment. But is buying gold during this lull in prices really a good idea?
Compare your gold investment options among leading brokers now.
Gold prices have cooled. Should you buy in now?
With gold’s price down from recent highs, you may be wondering if now is the right time to buy in. There are several reasons the dip in gold’s price may represent an opportunity to buy. Here are some of the biggest:
Prices may rise again
If looking at a gold price chart shows anything for certain, it shows that changes in the overall growth of the medal come in fits and spurts. Periods of price growth are typically followed by periods of declines and vice versa.
But with inflation rising in recent months – and with gold’s reputation as a safe-haven asset that can hedge against inflation – it only makes sense that the price of the precious metal will eventually start to head up again in the future. While attempting to time that directional change may be tricky, buying the precious metal while the price is down gives you the opportunity to take advantage of any upward movement that may be ahead.
Add gold to your portfolio now before prices have a chance to rise.
You may be able to make a quick profit
Gold isn’t known as an asset in which you can earn a quick return, but in today’s market, that may be the case. Don’t forget that in January, gold was trading at just $2,000 per ounce. And, by mid-April, the commodity’s price had climbed to around $2,400 per ounce. That’s about 20% growth in a matter of months, much of which happened since March 1 – an impressive climb for any investment asset.
Perhaps more importantly, gold’s price growth through the beginning of 2024 shows that the commodity doesn’t have to be a buy and hold style investment that you keep in a safety deposit box or precious metal depository for years to come. There’s also the possibility that the commodity’s price could climb further ahead, making it a compelling way to potentially generate a quick profit.
There are other benefits of investing in gold
There are other benefits of investing in gold that have little to do with the price growth seen thus far in 2024 – or the lull in prices seen over the past couple of days. Those benefits include:
- Inflation protection: Gold has long been considered an inflation hedge, and for good reason. When inflation drives the prices of consumer goods and services up – and the value of the dollar down – gold’s price tends to rise. So, it could be used to maintain the value of your portfolio during inflationary economic conditions. That’s important in today’s economic environment as stubborn inflation continues to weigh on the value of the dollar.
- Portfolio diversification: Gold’s price doesn’t always move in the same pattern that bonds or stocks do. So, mixing a reasonable amount of gold into your portfolio (up to 10% of your portfolio assets) as a diversifier could protect you from losses should one or more of your traditional portfolio assets fall in value. “If you have less than 5% – 10% of your net worth in commodities & FX (forex), you should absolutely consider adding exposure to gold and other precious metals,” says Vijay Marolia, money manager and managing partner at the wealth management firm, Regal Point Capital.
The bottom line
Gold’s price has fallen from recent highs – which may represent an opportunity to tap into growth ahead. However, gold isn’t simply a “buy while it’s low and sell while it’s a high” kind of investment opportunity. The commodity can also protect your portfolio from the stubborn inflation we’ve seen thus far in 2024 while acting as a diversification tool that could increase your risk-adjusted portfolio returns. So, consider adding gold to your portfolio today while it has the potential to grow in value.
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