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LOS ANGELES (AP) — The Biden administration plans on reducing part of Intel's $8.5 billion in federal funding for computer chip plants around the country, according to three people familiar with the grant who spoke on the condition of anonymity to discuss private conversations. The reduction is largely a byproduct of the $3 billion that Intel is also receiving to provide computer chips to the military. President Joe Biden announced the agreement to provide Intel with up to $8.5 billion in direct funding and $11 billion in loans in March. The changes to Intel’s funding are not related to the company’s financial record or milestones, the people familiar with the grant told The Associated Press. In August, the chipmaker announced that it would cut 15% of its workforce — about 15,000 jobs — in an attempt to turn its business around to compete with more successful rivals like Nvidia and AMD. Unlike some of its rivals, Intel manufactures chips in addition to designing them. Two years ago, President Biden hailed Intel as a job creator with its plans to open a new plant near Columbus, Ohio. The president praised the company for plans to “build a workforce of the future” for the $20 billion project, which he said would generate 7,000 construction jobs and 3,000 full-time jobs set to pay an average of $135,000 a year. The California-based tech giant's funding is tied to a sweeping 2022 law that President Biden has celebrated and which is designed to revive U.S. semiconductor manufacturing. Known as the CHIPS and Science Act , the $280 billion package is aimed at sharpening the U.S. edge in military technology and manufacturing while minimizing the kinds of supply disruptions that occurred in 2021, after the start of the coronavirus pandemic, when a shortage of chips stalled factory assembly lines and fueled inflation . The Biden administration helped shepherd the legislation following pandemic-era concerns that the loss of access to chips made in Asia could plunge the U.S. economy into recession. When pushing for the investment, lawmakers expressed concern about efforts by China to control Taiwan, which accounts for more than 90% of advanced computer chip production. In August, the administration pledged to provide up to $6.6 billion so that a Taiwanese semiconductor giant could expand the facilities it is already building in Arizona and better ensure that the most advanced microchips are produced domestically for the first time. The Commerce Department said the funding for Taiwan Semiconductor Manufacturing Co. meant the company could expand on its existing plans for two facilities in Phoenix and add a third, newly announced production hub. The administration has promised tens of billions of dollars to support construction of U.S. chip foundries and reduce reliance on Asian suppliers, which Washington sees as a security weakness. _____ Boak reported from Washington. Josh Boak And Sarah Parvini, The Associated PressBruce Cassidy became the eighth active coach in the NHL to hit the 400-win mark on Thursday when his Pacific Division-leading Vegas Golden Knights held on for a 3-2 victory at Ottawa on Thursday. But the Ottawa native had little time to celebrate. The Golden Knights jumped on a train for Montreal shortly after the contest and will continue a season-long five-game road trip against the resurgent Canadiens on Saturday night. "It feels great," Cassidy said of hitting the 400-win milestone. "You never know where your numbers are going to end up but I'm going to tell you that in this business I'm just worried about No. 401 right now." The win over the Senators was the second game of a back-to-back that began with the team's first shutout loss since early January, 3-0, at Toronto on Wednesday. It was just the fourth road victory in 10 games (4-4-2) for Vegas, which improved 6-0-1 all-time at the Canadian Tire Centre. Ilya Samsonov made 38 saves, including 16 in the final period when the Senators outshot the Golden Knights, 18-5, and Pavel Dorofeyev scored his team-leading 10th goal midway through the third period for what proved to be the game-winner as Vegas snapped a two-game losing streak. "We managed to get it to the finish line," Cassidy said. "That's a good win for the team even though it got a little hectic there but you've got to find ways to win. There are no easy wins in this league, so good on the guys." Now the Golden Knights play a Montreal team that has won two straight and three of its last four games and is coming off an impressive 3-0 blanking of Connor McDavid and the Edmonton Oilers on Monday. Sam Montembeault made 30 saves for his second shutout of the season, Jake Evans had a goal and an assist and Brendan Gallagher and Kaiden Guhle also scored to lead the Canadiens. "I'm just really proud of the way we played tonight," Montembeault said after posting his third career shutout. "The last few games we took a really good step in the right direction defensively and now we've just got to be more consistent with it." Montembeault is 3-1-0 with a 0.93 goals-against average and .966 save percentage and a shutout in his last four games. Montreal outscored Columbus and Edmonton, 8-1, in the two wins but still has allowed an Atlantic Division-high 71 goals this season and is minus-17 in goal differential. "The win was great," Canadiens coach Martin St. Louis said. "Obviously the result. But to me it's how we won that galvanized the group. ... To me, it's how we did it, not so much the result. I feel, right now, we're in a good place to reinforce the stuff that's working." It will be the third game in four nights for the Golden Knights while Montreal is enjoying a rare four-day break. Montreal held team practices on three of those days. "We should come out with some good energy (Saturday)," St. Louis said. "I think our start is (going to be) very, very important." This article first appeared on Field Level Media and was syndicated with permission.

Share Tweet Share Share Email Managing healthcare expenses can be overwhelming, especially as medical costs continue to rise. However, many individuals overlook an effective strategy to save money—pre-tax medical expense management apps. These tools offer a seamless way to track, manage, and optimize your healthcare spending while taking advantage of tax savings. By integrating technology with financial planning, these apps simplify the process, helping you make the most of your pre-tax dollars . Understanding Pre-Tax Medical Expenses Pre-tax medical expenses are costs that can be paid using funds that haven’t been subjected to income tax. By utilizing these funds, you reduce your taxable income, resulting in significant savings. Common examples include payments for prescriptions, doctor visits, medical devices, and even dependent care in certain cases. These expenses are often managed through specific accounts, such as Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs). The Role of FSAs and HSAs FSAs and HSAs are specialized accounts designed to encourage individuals to save for medical expenses. While both accounts provide tax advantages, they differ in terms of eligibility, contribution limits, and rollover policies. FSAs are often offered by employers, and the funds typically need to be used within the calendar year. HSAs, on the other hand, are available to those with high-deductible health plans (HDHPs) and allow unused funds to roll over indefinitely. To maximize the benefits of these accounts, proper management is essential. That’s where pre-tax medical expense management apps come into play. These apps streamline the tracking process, ensuring you’re using your pre-tax dollars effectively. Benefits of Using Pre-Tax Medical Expense Management Apps Simplified Expense Tracking One of the primary challenges of managing pre-tax medical expenses is keeping track of receipts and eligible expenses. Pre-tax medical expense management apps automate this process. By linking your account, these apps can categorize your transactions and flag eligible expenses. This eliminates the need for manual tracking and reduces the risk of missing out on reimbursements . Maximized Tax Savings Using pre-tax funds for eligible expenses ensures you’re taking full advantage of the tax benefits. Many apps provide tools to calculate potential tax savings, helping you understand the financial impact of your spending habits. This feature not only saves you money but also encourages more strategic financial planning. Enhanced Budgeting Tools Effective budgeting is crucial for managing medical expenses. Pre-tax medical expense apps often include budgeting features that allow you to set spending limits and monitor your progress. By staying within your budget, you can avoid depleting your pre-tax funds prematurely, ensuring they last throughout the year. Easy Reimbursements Submitting reimbursement requests can be a time-consuming task. These apps simplify the process by allowing users to upload receipts and submit claims directly through the platform. Some even integrate with employers or account administrators, streamlining approvals and payouts. Increased Awareness of Eligible Expenses Many individuals are unaware of the wide range of expenses that qualify for pre-tax reimbursement. These apps often include educational resources and updated lists of eligible expenses. By staying informed, you can make smarter spending decisions and fully utilize your pre-tax funds. Features to Look for in a Pre-Tax Medical Expense Management App User-Friendly Interface An intuitive interface is essential for ease of use. The app should provide clear instructions and navigation to ensure users can access features without confusion. Look for apps with dashboards that offer an overview of your account balance, expenses, and pending claims. Integration Capabilities The ability to link your FSA or HSA account directly to the app is a crucial feature. This integration allows the app to automatically track your transactions and provide real-time updates on your account balance. Some apps also integrate with healthcare providers and pharmacies, making it easier to manage expenses. Security Features Since these apps handle sensitive financial and medical data, robust security measures are non-negotiable. Ensure the app uses encryption to protect your information and complies with data privacy regulations. Mobile Accessibility Having access to your account on the go is a must. Look for apps with mobile-friendly designs or dedicated smartphone applications. This feature allows you to manage your expenses anytime, anywhere. Customer Support Reliable customer support can make a significant difference, especially when dealing with complex financial accounts. Opt for apps that offer multiple support channels, including live chat, email, or phone assistance. Popular Pre-Tax Medical Expense Management Apps Several apps stand out for their features and reliability. Below are a few noteworthy options: WageWorks WageWorks is a popular choice for managing FSAs and HSAs. The app offers robust tracking tools, easy reimbursement submissions, and a user-friendly interface. It also provides educational resources to help users better understand their accounts. HealthEquity HealthEquity specializes in HSAs and offers comprehensive tools for managing medical expenses. The app integrates with several account providers and includes features like expense calculators and budgeting tools. Optum Financial Optum Financial’s app is designed for both FSAs and HSAs. It provides seamless integration with account administrators and offers an intuitive platform for tracking expenses, submitting claims, and accessing educational resources. Tips for Maximizing Your Savings Plan Your Contributions When setting up an FSA or HSA, carefully consider your anticipated medical expenses for the year. Overestimating contributions can result in unused funds, particularly with FSAs that have a “use-it-or-lose-it” policy. Apps with budgeting tools can help you forecast your expenses accurately. Stay Organized Keeping your receipts and medical records organized is essential for tracking and reimbursement. Many apps offer cloud storage for receipts, ensuring you have everything you need at your fingertips. Regularly Review Your Account Make it a habit to review your account activity regularly. This helps you stay on top of your spending and identify any discrepancies early. Most apps provide monthly summaries, making it easy to monitor your progress. Take Advantage of Resources Many apps include educational content, such as articles or FAQs, to help you better understand your account. Use these resources to stay informed about eligible expenses, contribution limits, and tax regulations. The Future of Pre-Tax Medical Expense Management Apps As technology continues to evolve, these apps are likely to become even more sophisticated. Artificial intelligence (AI) and machine learning could enhance expense categorization and provide personalized recommendations. Additionally, increased integration with healthcare providers and pharmacies could further streamline the process. By leveraging the benefits of pre-tax medical expense management apps, individuals can save money, reduce stress, and take greater control over their healthcare spending. Whether you’re managing an FSA, HSA, or both, these tools are a valuable addition to your financial toolkit . Start exploring your options today and unlock the full potential of your pre-tax dollars. Related Items: Expense Management Apps , Pre-Tax Medical , Saving Money on Healthcare Share Tweet Share Share Email CommentsANN ARBOR, Mich. (AP) — Michigan gave athletic director Warde Manuel a five-year contract extension Thursday on the heels of the Wolverines' upset over rival Ohio State and a strong start to the basketball season. Manuel, who has held the position since 2016, signed through June 30, 2030, the school announced. Manuel is also chairman of the College Football Playoff selection committee. “During Warde’s tenure as director, Athletics has put a structure in place where our student-athletes compete for Big Ten and national championships, excel in the classroom, and proudly graduate with their University of Michigan degrees,” university President Santa J. Ono said in the announcement. Michigan had a disappointing football season, finishing 7-5 (5-4 Big Ten), but a 13-10 win over then-No. 2 Ohio State took some pressure off of the program. The Buckeyes were favored by 21 points, the widest point spread for the rivalry since 1978, according to ESPN Stats and Info. The Wolverines won the national championship last year in their final season led by coach Jim Harbaugh, whose tenure at the school involved multiple NCAA investigations for recruiting and sign-stealing allegations. Manuel supported Harbaugh through those processes. In basketball, the women's team made its season debut (No. 23) in the AP Top 25 this week. The men are 7-1 a season after firing coach Juwan Howard, who lost a school-record 24 games in 2023-24 as Michigan plummeted to a last-place finish in the Big Ten for the first time since 1967. Michigan has won 52 Big Ten championships since 2020. “Every day, I am thankful to work at this great institution and to represent Michigan Athletics," Manuel said in a statement. "I especially want to thank the student-athletes, coaches and staff who compete for each of our teams and who have helped us achieve unparalleled success athletically and academically. I am excited to continue giving back to a university that has provided me with so much over my career.” Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballNEW YORK (AP) — U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’s upcoming meeting by the Federal Reserve that could set Wall Street’s direction into next year. The S&P 500 rose 0.4%, coming off its first losing week in the last four . The Nasdaq composite climbed 1.2% to a record, while the Dow Jones Industrial Average was a laggard and fell 110 points, or 0.3%. Broadcom leaped 11.2% to help lead the S&P 500 for a second straight day after delivering a profit report last week that beat analysts’ expectations. The technology company is riding a wave of enthusiasm about its artificial-intelligence offerings in particular. The market’s main event, though, will arrive on Wednesday when the Federal Reserve will announce its last move on interest rates for the year. The widespread expectation is that it will cut its main rate for a third straight time, as it tries to boost the slowing job market after getting inflation nearly all the way down to its target of 2%. The question is how much more it will cut rates next year, and Fed officials will release projections for where they see the federal funds rate ending 2025, along with other economic indicators, once their meeting concludes. Fed Chair Jerome Powell will also answer questions in a press conference following the meeting. For now, the general expectation among traders is that the Fed may cut a couple more times in 2025, according to data from CME Group. But such expectations have been shrinking following reports suggesting inflation may be tougher to get all the way down to 2% from here. Besides last month’s slight acceleration in inflation, another worry is that President-elect Donald Trump’s preferences for tariffs and other policies could lead to higher inflation down the line. Goldman Sachs economist David Mericle has dropped his earlier forecast of a cut by the Fed in January, for example. Beyond the possibility of tariffs, he said Fed officials may also want to slow their cuts because of uncertainty about exactly how low rates need to go so that they no longer press the brakes on the economy. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times so far this year and is heading for one of its best years of the millennium . The economy has held up better than many feared, continuing to grow even after the Fed hiked the federal funds rate to a two-decade high in hopes of grinding down on inflation, which topped 9% two summers ago. On Wall Street, MicroStrategy jumped as much as 7% during the day as it continues to benefit from the surging price for bitcoin , which set another all-time high. But its stock ended the day down by les than 0.1% after bitcoin’s price pulled back below $106,000 after setting a record above $107,700, according to CoinDesk. The software company has been building its hoard of the cryptocurrency, and its stock price has more than sextupled this year. It will also soon join the Nasdaq 100 index. Story continues below video Bitcoin’s price has catapulted from roughly $44,000 at the start of the year, riding a recent wave of enthusiasm that Trump will create a system that’s more favorable to digital currencies . Honeywell rose 3.7% after saying it’s still considering a spin-off or sale of its aerospace business, as part of a review of its overall business. It said it plans to give an update with the release of its fourth-quarter results. They helped offset a drop for Nvidia, whose chips are powering much of the world’s move into AI. Its stock fell 1.7%. Because it’s grown so massive, with a total value topping $3 trillion, it was the single heaviest weight on the S&P 500. All told, the S&P 500 rose 22.99 points to 6,074.08. The Dow Jones Industrial Average fell 110.58 to 43,717.48, and the Nasdaq composite rose 247.17 to 20,173.89. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.39% from 4.40% late Friday. The two-year yield, which more closely tracks expectations for the Fed, eased to 4.24% from 4.25%. In stock markets abroad, indexes fell modestly across much of Europe and Asia. They sank 0.9% in Hong Kong and 0.2% in Shanghai after China reported lackluster economic indicators for November despite attempts to strengthen the world’s second-largest economy. South Korea’s Kospi fell 0.2% as law enforcement authorities pushed to summon impeached President Yoon Suk Yeol for questioning over his short-lived martial law decree, and the Constitutional Court met to discuss whether to remove him from office or reinstate him. AP Business Writer Elaine Kurtenbach contributed.

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This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here . Markets rally U.S. stocks saw a broad rally on Monday with major indexes hitting record highs. The pan-European Stoxx 600 closed near the flatline . UniCredit , an Italian bank, offered to buy its domestic rival Banco BPM for roughly 10 billion euros ($10.5 billion). UniCredit has also been eyeing German lender Commerzbank . Wall Street likes Bessent Scott Bessent, President-elect Donald Trump's pick for U.S. Treasury secretary, has got a big thumbs up from the stock as well as bond markets . Wall Street strategists heaped praise on Bessent; global analysts also think Trump's pick is favorable for markets . Intel's close to clinching deals The U.S. CHIPS and Science Act office is nearing a deal with Intel , which would award the chipmaker with a grant worth around $8.5 billion , according to a source close to the matter. The Department of Defense is also poised to award Intel a $3 billion contract to manufacture chips . Those are some bright spots in Intel's difficult year . Bitcoin struggles to break barrier After hovering near the $100,000 mark, bitcoin lost some momentum and has dropped to $94,228.47, according to Coin Metrics. Investors are likely taking profit, said Andre Dragosch, head of research for Europe at Bitwise. There's also "a ton of leverage in the system," Mark Novogratz, CEO of digital asset management firm Galaxy Digital, told CNBC. [PRO] How to invest $500,000 in 2025 In 2025, Trump, with his policies that promise to shake up the economy, will be in the White House; the U.S. Federal Reserve will continue tweaking rates; and Nvidia will be delivering its next-generation Blackwell chips. CNBC Pro spoke with wealth managers to find out how investors should invest $500,000 in the rocky year ahead . The Trump rally appears to be shifting into high gear. This time, it's revved up by Trump's Treasury secretary pick — Scott Bessent. Investors like Bessent because, as the founder of hedge fund Key Square Group, he brings to the job an understanding of Wall Street and is presumably supportive of markets. Moreover, Bessent has expressed that he prioritizes controlling inflation even amid policies designed to support domestic growth. "I would recommend that tariffs be layered in gradually," Bessent told CNBC earlier this month before his nomination. Unlike earlier Trump rallies, in which particular assets linked to Trump's policies — bank stocks, small-cap stocks and bitcoin — reaped disproportionate gains, yesterday's rise in markets was broad. The S&P 500 rose 0.3%, in a move that saw more than 3 of 4 stocks in the index trading higher. The Dow Jones Industrial Average climbed 0.99%, extending its string of record highs, and the Nasdaq Composite added 0.27%. It wasn't just large-caps that were lifted by Bessent's nomination. Small-cap stocks performed even better, probably because Bessent has expressed support for Trump's economic agenda, which would benefit smaller, domestically oriented companies. The Russell 2000 index of small- and mid-caps gained 1.47%, its sixth positive session in a row. It closed at a new high, exceeding its record set in 2021. The bond market also reacted positively to the news. Yield on the 10-year Treasury fell more than 14 basis points. "You can't ask for a better reception from the market," said Quincy Krosby, chief global strategist at LPL Financial. "This is the market applauding." U.S. markets will be closed on Thursday for Thanksgiving. Bessent might be one of the things for which investors will be grateful. — CNBC's Alex Harring and Hakyung Kim contributed to this report.

Blackmagic URSA Cine Immersive is Available to Pre-Order from Blackmagic DesignSave articles for later Add articles to your saved list and come back to them any time. A jury has found Andre Rebelo guilty of murdering his mother at her Bicton home for cash after taking out three insurance policies in her name just days earlier. Jurors cried as the verdict was announced on Thursday afternoon following nearly two days of deliberation and an eight-week trial where evidence revealed the 28-year-old’s financial woes. Prosecutors said while social media showed he enjoyed a lavish lifestyle, it was debt-driven and pushed him to form a murderous plan. A court sketch of Andre Rebelo during his murder trial in the Supreme Court of Western Australia. Credit: Anne Barnetson Andre Rebelo killed his healthy and happy 58-year-old mother, Colleen, on May 25, 2020. She had dropped her youngest son Fabian off at work at 10am and planned to pick him up at 2pm. But he never saw her alive again. Colleen returned to her Bicton home when Andre, her second-born son, came to visit. He told the jury he stayed for a chat and a coffee, dropped off some clothes, and caught his mother up on the latest news about his Instagram influencer girlfriend Grace Piscopo and their young son. Then, Andre claimed, he left. However, prosecutors said Andre murdered his mother during that visit, possibly by smothering her face with a pillow. He stripped her naked and placed her body into the shower to make it look like she had collapsed from natural causes. There was no animosity between the pair. There had been no disagreements, no tension, no arguments. So why did he do it? Money, greed and an image to uphold Rebelo was a desperate man, the court was told. He had been studying at university when his girlfriend’s modelling career began taking off. Piscopo was a beautiful young woman who was in a relationship with Rebelo for about eight years. What started with photos of herself posted on social media turned into a business where clothing and accessories brands would pay her to wear their items. More than a million people followed Piscopo on Instagram. Rebelo often featured in her photos too, and soon the couple realised a lot of money could be made if they turned social media into a full-time gig. Rebelo deferred the last year of a management degree and agreed to become her assistant. He also agreed to be the primary carer of their son, who was born in 2019. Andre Rebelo with former girlfriend Grace Piscopo. Credit: Instagram From the outside it appeared to be the perfect arrangement, but with the job came the pressure of an image to uphold. Rebelo and Piscopo would often appear in photographs looking glamorous, posing in front of expensive homes or on luxurious holidays. It became a carefully curated marketing plan – they needed an expensive house, holidays, car, clothing and accessories to show a lifestyle that others would want to buy into, increasing Piscopo’s popularity and, subsequently, her income. But the plan only worked if they could afford to maintain the lie – and the truth was that Rebelo and Piscopo were not well-off. Before their ascent to fame and fortune, Piscopo had been a receptionist at a gym, and Rebelo had been driving delivery trucks for Coles. They took out a big car loan to buy a Range Rover, and it was a stretch to take on an $880 a week rented home in the Perth suburb of Beaconsfield. Whether Piscopo knew it was a stretch was unclear, but according to financial evidence presented to the jury, the couple could not afford any of it. While Piscopo was bringing in big contracts and, by 2020, making six figures, the couple’s outgoings were swallowing everything up. The Rebelo family: Monique, Andre with then-girlfriend Gracie Piscopo, Fabian and Colleen Rebelo. Picture: Supplied They were living on credit cards and personal loans and begging for rent reprieves, reduced loan repayments and government handouts meant for those in hardship during the COVID pandemic. Debt collectors were closing in. But both Piscopo and Rebelo told the jury they were not concerned about their financial predicament. Piscopo said Rebelo told her he was about to make a large amount of money – $500,000 – from cryptocurrency trading. But that was also a lie. He told her he had become very successful in the three years he had been trading in cryptocurrency, and convinced her this was a lucrative side-business and a secondary provider of income. None of it was true. The self-styled crypto-trader and the promises that were never fulfilled Rebelo made absolutely nothing in the three years he spent crypto trading. He used credit cards and personal loans to pump money into the business and, at times, made some profit. But overall, his efforts by early 2020 had yielded a deficit of $22. Rebelo was then almost 24 years old, a stay-at-home father whose involvement in his girlfriend’s burgeoning business was largely posting mail and answering emails. She was going places, prosecutors told the jury, becoming ever more successful and was in demand. He was not. Whether their relationship had always been unequal was not clear, but what came out of his trial was that by 2020, Piscopo had little respect for Rebelo. Andre Rebelo and his then girlfriend Grace Piscopo. As 2020 dragged on, Rebelo was apparently feeling pressure. He had told Piscopo a big crypto windfall was coming and, by May, had formulated a plan to deliver on that promise. But to deliver, he had to kill his mother. State prosecutor Brett Tooker told the jury the cold plan could only have been born out of extreme desperation. “It was not just financial need or greed,” he said. “It’s more nuanced than that.” Over three days, Rebelo took out three life insurance policies in his mother’s name. He tried to argue that it was done at his mother’s behest, that she had wanted more than $1 million in cover in the event of her death. But the jury rejected that as a lie and accepted the prosecution’s argument that Rebelo consulted no one else about the policies. Using his mother’s details, he insured her life for $1.15 million and made himself the sole beneficiary of the majority of it. He was paying for those policies, but he couldn’t afford it for long. Five days later, he executed his plan to take her life. Andre Rebelo and his former girlfriend, Grace Piscopo. Credit: Instagram Mother’s psychologist became Rebelo’s undoing Fabian Rebelo, Colleen’s youngest son, found her dead in the shower about 2.30pm on May 25, 2020. He called paramedics, then his sister and older brother Julian. Andre Rebelo was called last. Three of the four siblings met at the house as the police arrived. At no point did Rebelo tell his siblings, the police or paramedics that he had seen his mum alive and well earlier that day. Three days later, he began trying to claim his mum’s life insurance policies. Two of the companies refused to take the claim any further because it was too soon after Colleen had died, but one left the door open by asking for documents including as a coroner’s report, will and medical information. Rebelo did not have that information. He was not the executor of his mother’s will – his older brother Julian was. And the coroner’s office had been communicating with younger brother Fabian, who was notified as Colleen’s next of kin. Rebelo made a fake will, a fake coroner’s report, and fake medical documents in a desperate attempt to get the insurance company to hand over the money. He even faked a voicemail from Colleen’s long-time psychologist after hassling her for weeks about calling the insurance company herself to tell them his mother was not suicidal. But the psychologist, Narina Sidhu, smelled a rat. She called police and told them what Rebelo had been up to. Police secretly record Rebelo and his girlfriend When police were alerted to the possibility that Rebelo was fraudulently trying to claim a life insurance policy worth $500,000, a coroner was months away from releasing official findings on Colleen’s cause of death, which ultimately came back inconclusive. But there were questions about why Rebelo took out three life insurance policies in Colleen’s name just days before her sudden and unexpected death. Police had little evidence to go on, so they placed a listening device in the bedroom he shared with Piscopo at their Beaconsfield rental and a camera with audio in the couple’s living room. They listened to conversations for weeks in the months after Colleen’s death, hoping for something that would lead to a conviction for murder. In one conversation, Piscopo told Rebelo she thought he was downstairs and at home on the day Colleen died. She told him she thought he was being framed for murder, and cried about being interrogated by the police. It was clear Piscopo knew nothing of her partner’s plan to kill his mother and cash in her life insurance policies. On the witness stand, she was asked about Rebelo’s promised $500,000 cryptocurrency windfall and said he told her there was a “hold up with the bank”. That money never came, and Rebelo was arrested for fraud. It took another two years for him to be charged with his mother’s murder, and two more for him to be convicted. Rebelo will be sentenced on April 4, 2025. Start the day with a summary of the day’s most important and interesting stories, analysis and insights. Sign up for our Morning Edition newsletter .Thousands demand lower rents at Barcelona demo