logo
Contractor tried to resell stolen medical equipment worth $60k from new UI hospital online, police say

Contractor tried to resell stolen medical equipment worth $60k from new UI hospital online, police say

Yahoo04-06-2025
JOHNSON COUNTY, Iowa — A contractor is accused of trying to resell equipment and medical supplies worth over $60,000 that he allegedly stole from a new University of Iowa hospital in North Liberty.
According to court documents, between January and May 2025, 56-year-old Kevin Lane Grimm was employed as a contractor at the construction site of a new University of Iowa hospital in North Liberty. During that time, police say Grimm took advantage of his position as a contractor and stole medical supplies, as well as medical and construction equipment. In total, court documents say the stolen items are totaled to be worth around $60,000.
Des Moines man guilty of fatally shooting man at hotel sentenced to prison
Not only is Grimm accused of stealing the equipment and supplies, but police say he also listed the stolen items on online marketplaces like eBay and Facebook Marketplace, a criminal complaint states. Grimm allegedly advertised the items as 'new' on the online sites, the complaint states.
Some of the items that Grimm allegedly tried to resell include several class two medical devices, which are restricted by the FDA to only physicians, those being supervised by a physician, or a prescription. Court documents say some of the stolen items were a digital hand-held Dynamometer, an AccuVein vein viewing device, a Phillips interview remote patient monitoring device, a scout suction regulator valve, and a Phillips MR 5000 patient monitoring portal.
On Tuesday, Grimm was arrested and booked into the Johnson County Jail. Grimm has been charged with first-degree theft, ongoing criminal conduct – unlawful activity, and several counts of prohibited act – prescription drug violation first offense.
Iowa News:
Contractor tried to resell stolen medical equipment worth $60k from new UI hospital online, police say
NASCAR Cup Series drivers take to Iowa Speedway for Goodyear tire test ahead of Iowa Corn 350
Change of venue granted for embattled Madison County Treasurer, upcoming trial moved to Boone County
Rain totals, lingering smoke, and the forecast
Iowa small business owners asking for relief in tariff war
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Your Samsung Galaxy Phone Is Now Even More Valuable
Your Samsung Galaxy Phone Is Now Even More Valuable

Forbes

time4 hours ago

  • Forbes

Your Samsung Galaxy Phone Is Now Even More Valuable

New data shows that your Samsung Galaxy Phone is holding on to more of its resale value than ever before. This is according to the used-smartphone marketplace Sell Cell, which has analyzed the resale prices of Samsung, Apple and Google phones over the last three generations. The company has found that Samsung phones are depreciating at a slower rate with every release, while the opposite is true for Apple phones, which are losing more value with every launch. In essence, this means newer Samsung phones such as the Galaxy S25 and Galaxy S24 command a higher price on eBay and Swappa than previous generations. This is good news for people who sell their phones on the open market instead of trading-in directly with the manufacturer, but also bad news if you buy second-hand phones. Despite the opposing directions of travel, the iPhone remains the most valuable phone on the market in terms of resale prices. This has been true for years and continues to be one of the strongest reasons to buy an iPhone. But Sell Cell thinks that could change between 2026 and 2028, with Samsung eventually overtaking Apple. 'iPhone depreciation rose 10.7 percentage points from 24.7% in 2021 to 35.4% in 2024. Samsung's Galaxy S depreciation improved by 5.3 percentage points, falling from 51.9% in 2022 to 46.6% in 2025. We averaged the annual change for each brand — Apple's depreciation increases by about 3.57 percentage points per year, while Samsung's decreases by about 1.77 points per year. Extrapolating these trends forward, the crossover for Samsung Phones to meet iPhone's average retained value is projected for mid-2026.' Is Samsung's AI Supremacy Making Its Smartphones More Valuable? Sell Cell makes the argument that Apple's struggles with rolling out Apple Intelligence on the iPhone 16 might play a role in the increased speed of iPhone depreciation. Samsung, meanwhile, has had functional Galaxy AI features since the Galaxy S24. In a December survey, the company found that while the vast majority of Samsung and Apple device owners aren't convinced by mobile AI, 16.8% of iPhone-using respondents said they would consider switching over to Samsung for better AI tools. Mobile AI is still very much in its early stages (Apple's hasn't even properly landed yet) and I'm not entirely convinced it plays a significant role in people's purchasing decision. A CNET survey from June found that only 11% of U.S. smartphone owners chose to upgrade because of AI, with price, camera features and battery life being the most important reasons, as they have done for years. I suspect a combination of Samsung's high trade-in prices for older phones, the promise of seven years of software support and new foldable tech (which Apple doesn't have) also explains slowing Galaxy phone depreciation numbers. While used-phone sellers rejoice, higher second-hand pricing may ultimately push people towards buying brand new devices instead.

These stocks are overbought with S&P 500 near record highs and are vulnerable to pullback
These stocks are overbought with S&P 500 near record highs and are vulnerable to pullback

CNBC

time5 hours ago

  • CNBC

These stocks are overbought with S&P 500 near record highs and are vulnerable to pullback

Stocks such as eBay and Intel are among Wall Street's most overbought names this week and could see a pullback ahead, according to one popular technical metric. Each of the three major U.S. indexes hit all-time highs this week. The records followed improved investor sentiment after fresh consumer inflation data supported hopes for an interest rate cut from the Federal Reserve's September meeting. The S & P 500 and Nasdaq Composite gained 0.9% and 0.8% week to date, respectively, while the 30-stock Dow Jones Industrial Average added 1.7%. After this week's rally, we used the CNBC Pro stock screener tool to identify the most overbought stocks on the Street as measured by their 14-day relative strength index, or RSI. Stocks with a 14-day RSI above 70 are generally considered overbought, meaning they could see shares decline in the future. The table below shows stocks with an RSI above 70 that have also risen at least 5% week to date, as of Friday morning. Biopharmaceutical company Incyte and e-commerce platform eBay topped the oversold list with RSIs of about 80 and 77, respectively. Incyte shares gained 11% this week. The stock is up nearly 26% year to date. Wells Fargo recently upgraded shares to overweight and set a $89 price target, saying the stock's setup appears favorable ahead of Incyte's expected update on its myelofibrosis therapy in the fourth quarter. The firm expects the news "will be positive." Myelofibrosis is rare bone marrow disorder. Shares of eBay jumped 8% this week, meanwhile, bringing its year-to-date gains to more than 62%. EBay on July 30 reported an earnings and sales beat for its second quarter, and also provided an upbeat forecast for the current period. EBAY 1Y mountain EBay stock performance over the past year. Intel, with an RSI of 71.3, logged a week-to-date gain of 23% — its best week in more than 25 years. It's a sharp swing for the struggling stock, which saw its worst annual performance on record last year after it lost 60% of its value. The chipmaker's steep climb followed a Bloomberg report on Thursday that said the Trump administration is weighing whether the U.S. government should take a stake in Intel to support its efforts to expand U.S. manufacturing. Following the report, D.A. Davidson head of technology research Gil Luria told CNBC that government intervention in Intel is "essential" to protect U.S. national security. Sentiment remains shaky on Intel. Of the 46 analysts covering the company, 39 rate it a hold, per LSEG. Only two analysts have a strong buy or buy rating on the name.

$420 Million Wiped Out In 20 Minutes — What The Inflation Shock Reveals About Bitcoin, Ethereum
$420 Million Wiped Out In 20 Minutes — What The Inflation Shock Reveals About Bitcoin, Ethereum

Yahoo

time6 hours ago

  • Yahoo

$420 Million Wiped Out In 20 Minutes — What The Inflation Shock Reveals About Bitcoin, Ethereum

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A sharp upside surprise in U.S. producer price inflation triggered a $420 million wipeout in crypto markets on Wednesday, exposing lingering vulnerabilities in market leverage during macroeconomic data shocks. What Happened: The U.S. July Producer Price Index rose 3.3% year-on-year, exceeding forecasts of 2.5% and marking its highest level since February. On a monthly basis, prices jumped 0.9%, the largest increase since June 2022. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — The report came alongside a revision of June's annual rate from 2.3% to 2.4%, reinforcing the picture of sustained cost pressures in the production pipeline. Within 20 minutes of the release, Bitcoin (CRYPTO: BTC) plunged from $121,193 to $117,550, according to TradingView data. Ethereum plunged below $4,500 from above $4,700. The rapid decline coincided with widespread liquidations in leveraged positions, with derivatives markets bearing the brunt of the impact. Market analysts point to this episode as a reminder that despite maturing infrastructure and growing institutional participation, crypto remains acutely sensitive to high-impact macro events when leverage is elevated. While the sector has demonstrated improved post-shock recovery, the speed and scale of such liquidations underscore structural fragilities in liquidity depth and risk management Experts Are Saying: Stella Zlatareva, editor at Nexo Dispatch, told Benzinga that the hotter-than-expected PPI print "introduces a degree of short-term uncertainty into the Fed's policy outlook" and could delay immediate rate cuts. However, she emphasized that this does not derail the longer-term easing trajectory, with medium-term drivers such as ETF inflows and treasury participation continuing to shape market structure. On the impact to leveraged trading, Zlatareva said the rapid unwinding "points to the residual sensitivity of crypto derivatives markets, especially during macro event windows," while also highlighting that the market "was able to absorb the shock and stabilize within hours, a marked improvement from previous cycles." Mike Cahill, an initial contributor to the Pyth Network, said the $420 million liquidation "underscores how thin liquidity and high leverage in crypto can amplify macro shocks, revealing structural fragilities that remain despite market maturation." He added that such events also "highlight the need for better risk management frameworks to withstand sudden volatility spikes." The episode reflects a broader dynamic where macroeconomic surprises can still produce outsized effects on digital asset markets, particularly when leverage builds up during periods of sustained price gains. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article $420 Million Wiped Out In 20 Minutes — What The Inflation Shock Reveals About Bitcoin, Ethereum originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store