Illinois quick hits: Bailey family announces memorial services; digital currency scam losses
Bailey family announces memorial services
Republican gubernatorial candidate Darren Bailey has announced details of memorial services for his family members who died in a helicopter crash in Montana last Wednesday.
Visitation for Darren’s son Zachary Bailey, Zach’s wife Kelsey, and their children, 12-year-old Vada Rose and 7-year-old Samuel Isaac will be held from 1 p.m. to 5 p.m. Sunday at Oil Belt Christian Service Camp in Flora, Illinois.
A celebration of life will begin at 9 a.m. Monday, Nov. 3, also at the Christian service camp.
Digital currency scam losses
A digital forensics firm has found that 57% of all scam losses in Illinois are now paid in cryptocurrency.
CNC Intelligence analyzed FBI data to reveal that crypto investment scams are the biggest drivers of those losses, costing Illinois residents $183 million last year.
Financial conditions loosen
The Federal Reserve Bank of Chicago reports the National Financial Conditions Index was unchanged at –0.55 in the week ending Oct. 24, suggesting steady financial conditions.
A decrease in the index suggests looser financial conditions where credit is considered to be easier and cheaper for businesses and consumers.
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