It could almost be an episode of White Lotus. Two Michigan pension fund officials attended a 2018 Apax Partners event at the Four Seasons Hotel in Florence, Italy, that featured “custom tailored activities and itineraries,” including tours of the Tuscan countryside on vintage Vespa scooters and a gala dinner at the 17th Century Villa le Corti. The bill for the state: less than $200 for each official, according to public records obtained by Bloomberg. And Michigan is hardly alone in letting...

Billionaire hedge fund manager Ken Griffin sued the US Internal Revenue Service, claiming it failed to protect his confidential financial information. The Citadel founder is seeking financial damages over a data breach that resulted in ProPublica’s publication of information on a number of the wealthiest people in the US. He accused the IRS of “willful and intentional failure to establish appropriate administrative, technical, and/or physical safeguards.” The lawsuit, filed Tuesday in federal...

Nicki Radzely is a young mother and entrepreneur who was living her dream—raising a family and building a business out of a center-hall colonial in Montclair, N.J., that could have been lifted from the pages of a glossy magazine. Then, late on April 18, as she was driving her children to baseball practice, Radzely got an urgent message asking that she call her neighborhood JPMorgan Chase & Co. banker. The woman wanted to know if she had done any business with North Korea. Radzely, whose...