35 Burst results for "Wire Fraud"
Manhunt for Former Maryland Gov. Larry Hogan's Ex-Chief of Staff
"Manhunt begins for ex Hogan aid after he skips court appearance I said wait a minute Not the Hogan Larry hog Authorities launched a manhunt this week for former Maryland GOP governor Hogan's ex chief of staff Roy McGrath following his failure to appear in federal court McGrath faced the charges of wire fraud Embezzlement and falsification had documents In connection with his obtaining of $233,648 in severance payment from the Maryland environmental service according to the whole newspaper McGrath resigned a few months into his service in Hogan's office Allegedly attempted to make a look as though Hogan had authorized the payout So that he could join the Hogan administration McGrath was pleaded not guilty He was scheduled to appear Before a U.S. district court in Baltimore Maryland at 9 a.m. on Monday his lawyer Joseph murta appeared unaware of the reason for McGrath absence saying we're doing what we can to make sure Roy is safe And we see him soon CBS News reported law enforcement did not locate a minimum to Florida home per the Washington compost The U.S. marshal service considers him a fugitive issued a wanted poster And this guy doesn't look like he can stay on the run for long mister producer Now and I'm looking for any comments by Larry Hogan He runs a tight ship You might be aware that I think the captain of the Titanic runs tight ship two
FTX Ex-Engineering Chief Pleads Guilty to Criminal Charges
"Yesterday the news tightened around sand bagman freed even further as yet another of FTX most senior execs turned against him. Former head of engineering at FTX nishad Singh pled guilty to criminal fraud charges and agreed to assist prosecutors in their case against SPF. As part of his agreement, single plead guilty to one count of wire fraud, three counts of conspiracy to commit fraud, what count of conspiracy to commit money laundering, and one count of conspiracy to defraud the United States by violating campaign finance laws for a total of 6 counts. Now in separate civil actions, singers agree not to contest fraud complaints from the SEC and the CFTC. The SEC will be asking for a ban on sing asking as a corporate officer or director, which will be subject to court approval. This is in line with previous plea agreements from other FTX co-conspirators, Carolyn Ellison, and Gary Wong. In a statement sings lawyers said quote, shot is deeply sorry for his role in this and is accepted responsibility for his actions. He wants to do everything he can to make things right for victims, including by assisting the government to the best of his ability in this case. Now, nashad turning on Sam has seemed kind of like a foregone conclusion. Ever since we got that conversation that Sam had with the vox reporter that he thought was off the record where he said that nashad felt really terrible really genuinely terrible about all this, whereas Sam kind of made clear that he didn't. Now Singh was released on a $250,000 bond to await sentencing and his was so much lower than Sam's bond because as prosecutors said, Singh had traveled back from The Bahamas voluntarily in November shortly after the collapse in part to assist with Justice Department investigations.
Former Coinbase Employee Pleads Guilty to Insider Trading
"4 p.m. Wednesday, February 8th, 2023. Former coinbase employee pleads guilty to insider trading. Ishaan wahi, coinbase's former product manager, pleaded guilty to wire fraud charges in the first ever crypto insider trading case. First case of crypto insider trading one of last year's.
Live Bitcoin News
Gary Harmon, Larry Harmons Brother, Pleads Guilty to Crypto Theft
"3 p.m. Sunday January 29th, 2023. Gary Harmon, Larry Harmon's brother, pleads guilty to crypto theft. An Ohio native allegedly stole millions of dollars in Bitcoin from the Internal Revenue Service IRS. 31 year old Gary Harmon has recently pled guilty to one count of wire fraud and a separate count of obstruction of justice after allegedly stealing more than 700 individual Bitcoin units from the agency. Gary Harmon pleads guilty to crypto. The post Gary Harmon, Larry Harmon's brother, pleads guilty to crypto theft appeared first on live Bitcoin news.
BankmanFried May Plead Next Week Before Judge Lewis Kaplan In NY Federal Court
"1 a.m. Thursday, December 29th, 2022. Bankman fried may plead next week before judge Lewis Kaplan in New York federal court. Former FTX CEO Sam bankman fried will appear in court on January 3rd. He faces two wire fraud charges and 6 conspiracy charges for the FTX Bitcoin exchange crash. His closed circle at FTX and Alameda research pled guilty and cooperated. Read more.
AP News Radio
FTX founder Bankman-Fried allowed $250M bond, house arrest
"Cryptocurrency entrepreneur Sam bankman freed walked out of a Manhattan courthouse. The parents of the founder and former CEO of trading platform FTX agreed to sign a $250 million bond. Bankman fried will stay in their California home as he awaits trial on charges of swindling investors and looting customer deposits. In court, federal prosecutor Nicholas ruse said bankman freed perpetrated a fraud of epic proportions. The judge also required bankman freed to wear an electronic monitoring bracelet. He did not speak during the hearing, except to answer the judge. Carolyn Ellison, the former chief executive of bankman Fred's trading firm, Alameda research, and FTX cofounder Gary Wang have pleaded guilty to charges, including wire fraud, securities fraud and commodities fraud. I'm Ed Donahue.
CoinDesk Podcast Network
Caroline Ellison, Gary Wang Plead Guilty to 'Fraud' Charges
"Welcome to the hash on coin desk TV. I'm Zach seward. That's Jensen assy. Will foxley over there. We're going to get you up to speed on all that's going on in the world of crypto, including some major developments in the case against Sam bankman fried Jen, take us there, what's going on? All right, so former Alameda research CEO Caroline Ellison and FTX cofounder Gary Wang have both pled guilty to charges associated with FTX collapse. The SEC and CFTC have also announced charges against the two saying that Allison manipulated the price of the FTT token, U.S. attorney Damian Williams says both are cooperating with investigators, former FTX CEO Sam bankman fried was charged with 8 crimes earlier this month. We've discussed those at length. They include money laundering, wire fraud and securities fraud. He is being extradited from The Bahamas to the U.S. and is in FBI custody. Zach, a lot to unpack here. What do you got? So much to unpack. Kids, if you're ever in a criminal conspiracy involving $10 billion that are vaporized, especially from customers, snitches fast as possible. That's the story here. Everyone associated with FTX and Alameda turned snitch on sandbank and freed. And they're probably going to have a much more comfortable life because of it all their former colleague rots in a prison cell somewhere for a long time. That for me is the takeaway looking at some of this stuff. It's pretty wild. Bank and freed was flown in from Bahamas into the New York area last night. A lot of people were closely watching flight trackers on the Internet to see where he was headed. Apparently he's touched down over in Westchester and is making his first appearance in New York in court today for a presentment that initiates the legal proceedings here in the U.S. after some complicated back and forth over whether or not he was going to make his way over here from The Bahamas. So that's what people are watching. I know coin disc has a reporter on the ground at the courthouse in the southern district of New York. So we're going to watch it, watch that for updates later today. And yeah, I don't know. Caroline and the cofounder, they may have found themselves a pretty sweet deal. I don't know, what do you think? Yeah, I think they found themselves a really good deal, right? But if you look at the charges, they possibly were going to have just think it was like 250 years for Caroline. And it was about 50 years for Gary if they were just charged for what they're doing in the first place. I went to the different administrations, the DoJ, and they're getting off the hook more or less. So Caroline Ellison is looking at getting some fine slapped on her disgorgement for any ill gotten gains and then also she's not going to be able to trade anything on behalf of other people
Is Alameda Ex-CEO Caroline Ellison Cutting a Deal?
"All right, at the top of the web three lightning round this week, we have only one top story. And it's the only top story I think anybody is talking about right now, and that is that SPF, Sam bankman fried has officially been arrested and officially charged with conspiracy, wire fraud, and money laundering by the U.S. Justice Department and securities violations by the SEC. Now, it doesn't stop there, folks. It's a lot more fun. But on the surface here, rich, what do you think of the story? Because it happened very, very fast. It happened very quickly. And one, this needed to happen. I didn't believe it was going to happen at first. But someone mentioned something a couple of days ago before this happened. And it made me go, huh. That was a good point. A couple of weeks back if you've been listening to our aftershocks, we covered, we spoke on, I believe, how the head person Caroline over Alameda was spotted in New York and we're like, what's happening? Because she fled from Hong Kong to Dubai because there's no jurisdiction. Well, she showed up in New York and there was a picture like a Starbucks or something and was verified it was her and were like, that's dumb, why would she be in the states? Well, we figured it out. She got a deal. She was cutting a deal and she was doing everything possible. Probably to get Sam behind bars. And so here we are, full circle. And I know we were both pessimistic about Sam being put in jail, but he is potentially serving up to a 115 years. So good luck. Yeah, good luck indeed. I do want to make sure that I make it known. The statement about Alison making a deal is not entirely corroborated at this point, but it's safe to assume that if she's back in the states, that's why she would be back in the states. So just want to make sure that part of it is out there for people. But there have been a couple other trickle down details that have come out since.
AP News Radio
FTX founder expected to drop fight against extradition to US
"FTX founder Sam bankman fried is expected to drop his extradition fight and let The Bahamas send him back to the U.S. to face charges. Sam bankman fried arrived at the courthouse in The Bahamas from jail there under heavy guard, a handful of people who said they were either crypto enthusiasts or FTX customers that lost money came to court to witness the proceedings. One man called out, Sam's a fraud, bankman freed faces multiple criminal and civil charges in the U.S., including wire fraud and money laundering related to the collapse of his cryptocurrency exchange FTX, his decision to return to the states comes just a week after bankman fried's lawyers had initially said they plan to fight extradition. The 30 year old who was once the poster boy for cryptocurrency was arrested last Monday in The Bahamas at the request of the U.S. government. I'm Julie Walker.
"wire fraud" Discussed on Finance Magnates
" 9 p.m. Friday December 16th, 2022. One coin cofounder Carl Greenwood pleads guilty to wire fraud. LTP class Latinos Carl Greenwood, the cofounder of one coin, the multi-billion dollar cryptocurrency pyramid scheme, has pleaded guilty to charges of wire fraud and money laundering in connection with his role in the fraudulent crypto project. The counts before him carry a maximum potential sentence of 20 years each. The Department of Justice DoJ said on Friday dot LTP GT LTP class Guatemala normal caught one coin cofounder Carl Greenwood arrested, convicted of class Guatemala normal textile looking just of wag Greenwood, who was arrested in Thailand in July 2018 and extradited to the United States, confessed to the offenses in a Manhattan federal court before judge at gardo Ramos, who accepted the guilty plea. He is to be sentenced by judge Ramos on April 5th, 2023, DoJ Sid dot GT LTP class Guatemalan guilty plea by the cofounder of Voltaire finance magnates dot com to go on a quick what target quad blank white grill quad follow on one corner caps a week at the southern district of New York SDNY that sends a clear message that we are coming after all those who seek to exploit the cryptocurrency ecosystem through fraud, no matter how big or sophisticated you are, Damian Williams, the United States. Attorney for SDNY sit in the DoJ statement dot LTP GT LTP class Guatemala normal Quattro apple's cryptocurrencies ignored over remains at large in one coin class Guatemala normal quite according to DoJ, ruja ignatova, who cofounded one coin alongside Greenwood, remains at large. The declaration comes 8 months after ignatova, also known as the crypto queen of that finance magnates dot com cryptocurrency and founder of a named manjar pessimist 20th Courtois included in the list of Europe's most wanted fugitives by europol. The runaway cofounder was also added to the federal bureau of investigations FBI top ten most wanted list earlier in June. LTP GT LTP class Guatemala, October 12th, 2017, the United States charged dignity with fraud and money laundering at the U.S. district court for the SDNY. It also issued a federal warrant for her arrest. In addition, the FBI has offered to pay 100,000 to anyone with information that leads to her arrest. LTP GT LTP class Guatemala normal quad, however, since ignatova traveled on a commercial flight from Sofia, Bulgaria, to Athens, Greece, on October 25th, 2017, she has not been seen publicly. Doubt finance magnates dot com to department office to seek what target quad blank white real quad follow quad DO tagged noted LTP GT LTP class Guatemala normal quad one coin backstory class Guatemala normal quad Greenwood and ignite over founded one coin in 2014 in Sofia, Bulgaria from where they marketed and sold the. Fraudulent scheme through global multi level marketing MLM. DoJ noted that as a result of misrepresentations, the cofounders and others made about altcoin, victims across the globe invested over $4 billion in the scheme dot LTP GT LTP class Guatemalan MLM structure influenced the rapid growth of the one coin member network. Indeed, according to one coin's promotional materials, over 3 million people invested in fraudulent cryptocurrency packages. One coin records show that, between the fourth quarter of 2014 and the fourth quarter of 2016 alone, one coin generated 4.037 billion in sales revenue and earned profit sappho's of 2.735 billion DoJ explained dot LTP GT. This article was written by Solomon Aleppo at WWW dot finance magnates dot com.
OneCoin CoFounder Karl Greenwood Pleads Guilty to Wire Fraud
"9 p.m. Friday December 16th, 2022. One coin cofounder Carl Greenwood pleads guilty to wire fraud. LTP class Latinos Carl Greenwood, the cofounder of one coin, the multi-billion dollar cryptocurrency pyramid scheme, has pleaded guilty to charges of wire fraud and money laundering in connection with his role in the fraudulent crypto project. The counts before him carry a maximum potential sentence of 20 years each. The Department of Justice DoJ said on Friday dot LTP GT LTP class Guatemala normal caught one coin cofounder Carl Greenwood arrested, convicted of class Guatemala normal textile looking just of wag Greenwood, who was arrested in Thailand in July 2018 and extradited to the United States, confessed to the offenses in a Manhattan federal court before judge at gardo Ramos, who accepted the guilty plea. He is to be sentenced by judge Ramos on April 5th, 2023, DoJ Sid dot GT LTP class Guatemalan guilty plea by the cofounder of Voltaire finance magnates dot com to go on a quick what target quad blank white grill quad follow on one corner caps a week at the southern district of New York SDNY that sends a clear message that we are coming after all those who seek to exploit the cryptocurrency ecosystem through fraud, no matter how big or sophisticated you are, Damian Williams, the United States. Attorney for SDNY sit in the DoJ statement dot LTP GT LTP class Guatemala normal Quattro apple's cryptocurrencies ignored over remains at large in one coin class Guatemala normal quite according to DoJ, ruja ignatova, who cofounded one coin alongside Greenwood, remains at large. The declaration comes 8 months after ignatova, also known as the crypto queen of that finance magnates dot com cryptocurrency and founder of a named manjar pessimist 20th Courtois included in the list of Europe's most wanted fugitives by europol. The runaway cofounder was also added to the federal bureau of investigations FBI top ten most wanted list earlier in June. LTP GT LTP class Guatemala, October 12th, 2017, the United States charged dignity with fraud and money laundering at the U.S. district court for the SDNY. It also issued a federal warrant for her arrest. In addition, the FBI has offered to pay 100,000 to anyone with information that leads to her arrest. LTP GT LTP class Guatemala normal quad, however, since ignatova traveled on a commercial flight from Sofia, Bulgaria, to Athens, Greece, on October 25th, 2017, she has not been seen publicly. Doubt finance magnates dot com to department office to seek what target quad blank white real quad follow quad DO tagged noted LTP GT LTP class Guatemala normal quad one coin backstory class Guatemala normal quad Greenwood and ignite over founded one coin in 2014 in Sofia, Bulgaria from where they marketed and sold the. Fraudulent scheme through global multi level marketing MLM. DoJ noted that as a result of misrepresentations, the cofounders and others made about altcoin, victims across the globe invested over $4 billion in the scheme dot LTP GT LTP class Guatemalan MLM structure influenced the rapid growth of the one coin member network. Indeed, according to one coin's promotional materials, over 3 million people invested in fraudulent cryptocurrency packages. One coin records show that, between the fourth quarter of 2014 and the fourth quarter of 2016 alone, one coin generated 4.037 billion in sales revenue and earned profit sappho's of 2.735 billion DoJ explained dot LTP GT. This article was written by Solomon Aleppo at WWW dot finance magnates dot com.
SBF Submits Fresh Bahamas Supreme Court Bail Application
"6 a.m. Friday, December 16th, 2022. SPF submits fresh Bahama Supreme Court bail application. Sam bankman fried has allegedly applied for bail again in the Bahama Supreme Court money laundering, wire fraud, and securities fraud are among the 8 U.S. allegations against the FTX founder. A court granted bail on December 13th because the crypto executive was a flight risk on December 15th, local media reported that he had filed the application, and it will be considered in court in January. Read more
The Chopping Block: Was FTX a Scam From the Very Beginning?
"Okay, so the FTX story is the gift that keeps giving. Unfortunately, we can not stop talking about it. We really wanted to. We were still looking forward to this story just slowing down. And people were speculating that it was going to be months until Sam was charged. It's very common in investigations of this kind of this sweeping Ness that they take a long time before any charges are filed because everybody's got to get their case in order before they actually filed hers. This has been incredibly fast. So basically yesterday, it was finally announced that Sam was arrested in The Bahamas, and we had actually believed his Monday night that he was arrested. And then file charges were unsealed. First by the southern district attorney of New York for wire fraud and a bunch of other stuff campaign financing laws and a bunch of other stuff that they charged them with, as well as complaints, civil suits from the CFTC and the SEC. And so the southern district of New York didn't give a whole lot of details. That was pretty sparse. But the CFTC complaint in the SEC complaint have an enormous amount of detail
"wire fraud" Discussed on The Breakdown
"Hedera and goes by la toshi on Twitter, wrote, the allegations in the SEC complaint against SPF are shocking. It's now plain that in the months since taking over as CEO, John ray has been working closely with many federal authorities. Now, a few of the things that are pointed out from the SEC complaint. The first is that customer deposits were controlled by Alameda from the outset. The complaint writes, free diverted FTX customer funds to Alameda and essentially two ways. One by directing FTX customers to deposit Fiat currency into bank accounts controlled by Alameda and two by enabling Alameda to draw down from a virtually limitless line of credit at FTX, which was funded by FTX customer assets. As a result, there was no meaningful distinction between FTX customer funds and Alameda's own funds. Bagman freed thus gave Alameda carte blanche to use FTX customer assets for its own trading operations and for whatever other purposes bankman fried saw fit. In essence, bankman fried plays billions of dollars of FTX customer funds into Alameda. He then used Alameda as his personal piggy bank to buy luxury condominiums, support political campaigns and make private investments among other uses. None of this was disclosed to FTX equity investors or the platform's trading customers. Next la toshi writes it wasn't until 2022 that Alameda began a belated attempt to separate FTX customer money from its own. That attempt failed because it meant Alameda would have to pay interest on its quote unquote loan. SPF directed the account to be changed, causing further accounting chaos. The SEC complaint writes, in 2022, FTX began trying to separate Alameda's portion of the liability in the Fiat at FTX dot com account from the portion that was attributable to FTX. IE to separate out customer deposits sent to Alameda controlled bank accounts from deposits sent to FTX controlled bank accounts. Alameda's portion, which accounted for more than 8 billion in FTX customer assets that had been deposited into Alameda controlled bank accounts, was initially moved to a different account in the FTX database. However, because this change caused FTX internal systems to automatically charge Alameda interest on the more than $8 billion liability, bankman free directed that the Alameda liability be moved to an account that would not be charged interest. This account was associated with an individual that had no apparent connection to Alameda. As a result, this change had the effect of further concealing Alameda's liability and FTX internal systems. Next on the hit list Alameda had an effectively unlimited line of credit. From the complaint again. On multiple occasions, bankman free directed FTX to increase the amount by which Alameda could maintain a negative balance in its account. In effect, this gave an unofficial line of credit to Alameda since Alameda was able to draw down on its FTX customer account and use those funds, which were actually the funds deposited by other FTX customers for its own trading. At freed's direction, Alameda's line of credit was continually raised to the point where it grew to tens of billions of dollars and effectively became limitless. No other FTX customer had a similar line of credit. Now you'll note here that Sam seems awfully in charge and indeed, this basically says that he never stopped being CEO even when he was technically no longer CEO of Alameda. Now one thing that people were worried about when we found out last night that the SEC was also filing a complaint was that they were going to sneak some securities designation onto tokens in through this action. Ryan sulcus of Messi wrote last night, the SEC is going to try to sneak in tokens or securities related precedents to the FTX charges tomorrow so that the industry is forced to file amicus briefs in support of FTX, who we all despise as frauds and sellouts. Luckily that didn't actually happen. The security in question for the SEC was FTX equity itself. The complaint makes it clear throughout that the fraudulent terms of service, which said that customer funds weren't commingled or lent out, were used as part of the pitch to secure investors. He also told investors that FTX had no exposure to FTT at all from the complaint. In late summer 2021, bang min free told the potential U.S. investor and FTX series B fundraising round that FTX did not hold FTT and consequently the investor would not have any exposure to FTT. The investor ultimately invested $30 million. Lastly, and probably most disgustingly to me. Was Sam's use of customer funds for political donations, luxury real estate and the like. From the complaint. The FTX funds transfer to Alameda were used not only for Alameda's proprietary trading, but also to fund loans to FTX executives, including bankman freed himself, and to fund personal real estate purchases. Between March 2020 and September 2022, bankman fried executed promissory notes for loans from Alameda totalling more than $1.338 billion, including two instances in which banks and freed was both the borrower in his individual capacity and the lender in his capacity as CEO of Alameda. Beckmann fried also used commingled funds from Alameda to make large political donations and to purchase tens of millions of dollars in bahamian real estate for himself, his parents and other FTX executives. Nishat Singh and Gary Wang also borrowed $554 million and $224.7 million respectively by executing promissory notes with Alameda in 2021 and 2022. Like I said, this is one of the hardest ones for me to stomach with all of the bull. I'm going to give it all away act. And what the hell did Nisha need $554 million for? It's just absolutely preposterous. And by the way, this behavior didn't stop. Even after Luna and three AC in July, Sam loaned himself another $136 million. So that was the SEC and the CFTC also wanted to get in on the action. A few more things from that complaint. One that made it even clearer than the SEC complaint about just how involved Sam was. Quote, even after stepping down a CEO of Alameda, bankman fried continued to main control over Alameda. For example, magma freed remained a signatory on Alameda research's bank accounts and an authorized trader for Alameda's accounts with CFTC registered futures commission merchants. Bankman fried also maintained direct decision making authority over all of Alameda's major trading investment and financial decisions. This authority was exercised at least in part through bankman freed's regular, often daily participation in various in person and mobile chat communications with senior personnel at Alameda. Next, like the SEC complaint, there is some good news for folks out there who thought that the CFTC might use this for sneaky rulemaking. Instead, the complaint calls Bitcoin ether and tether digital commodities. Next, the CFTC complaints reinforces how as meat TC on Twitter put it, quote, it was the exception not the rule to actually move funds from Alameda accounts to FTX exchange accounts. And in fact, even after FTX got its own banking in 2020, it never moved funds over. The CFTC complaint also calls out what everyone had suspected in terms of the acquisition strategy pursued this summer. That it was not to save the rest of the industry, but in fact, to cover FTX holes. From the complaint, bagman freed stated privately that he was pursuing an aggressive acquisition strategy during this time, at least in part to gain access to additional sources of capital that could be used to support his existing businesses and fill the hole in customer funds that had been created. Now I think the biggest thing that stands out from this one is the contrast between the way that Sam has tried to say that he really wasn't involved in what was going on in Alameda. Compared to how involved he actually was. In fact, he was so involved that in September he proposed shutting Alameda down. From the complaint. Bagman freed went on to lay out a number of reasons for the suggestions shut down Alameda, including the fact that we didn't hedge as much as we should have alone, cost us more and expected value than all the money Alameda has ever made or ever will make. In the current environment, capital is really expensive and Alameda doesn't justify it. And, quote, Alameda is making some money trading, but not enough to justify its existence. These admissions were directly contrary to contemporaneous public statements that bankman freed in Alameda were making regarding Alameda's profitability. Now here's one more really juicy nugget, especially in light of Sam talking about how solvent FTX was, something he's brought up in numerous interviews. As everything was going down in that early part of November, he directed Alameda to send a $185 million to FTX U.S.. From the complaint honor about November 7th, FTX executives were also asked to evaluate the solvency of FTX U.S.. The FTX executives ultimately identified a shortfall. They did not understand and were unable to quantify on FTX U.S.. Bagman freed quickly indicated that he would fill the hole at FTX U.S. from liquidation of Alameda assets. On November 8th bankman free directed Alameda traders to prioritize, meeting U.S. capitol requirements and to send excess capital to FTX U.S.. Alameda sent an excess of a 185 million to FTX U.S. to fill its shortfall. A last note is that these complaints make it clear that all this fraudulent behavior was right there from the very beginning. It wasn't some 2022 desperation thing it was just how Sam ran everything. Which of course makes more sense in light of other revelations like the loans to block CEO
It Finally Happened: Sam Bankman-Fried Was Arrested
"All right, friends will last night 31 days after putting the company into bankruptcy, 40 days after coin desk published Alameda's balance sheet, it finally happened. Sam bankman freed was arrested in The Bahamas. Now until the news broke, everyone had been gearing up for today's house hearing. Remember, Sam was due to testify after John J ray. Who is of course the new CEO of FTX overseeing the bankruptcy? As it always is, John ray's advanced testimony was published and good God was its savage. In it he repeats a line that he said frequently. Never in my career have I seen such an utter failure of corporate controls at every level of an organization, although our investigation is ongoing in detailed findings will have to await its conclusion, the FTX group's collapse appears to stem from the absolute concentration of control in the hands of a very small group of grossly inexperienced and unsophisticated individuals who fail to implement virtually any of the systems or controls that are necessary for a company that is entrusted with other people's money or assets. Ray goes on to identify some of what he calls the unacceptable management practices, including quote the use of computer infrastructure that gave individuals and senior management access to systems that stored customer assets without security controls to prevent them from redirecting those assets. The storing of certain private keyed sacks has hundreds of millions of dollars in crypto assets without effective security controls or encryption. The ability of Alameda, the crypto hedge fund within the FTX group to borrow funds held at FTX dot com to be utilized for its own trading or investments without any effective limits. The commingling of assets, the lack of complete documentation for transactions, involving nearly 500 investments made with FTX group funds and assets. Et cetera, et cetera, et cetera. Now, one of the big things that people honed in on came a little later when he wrote, questions have been raised as to why all of the FTX group companies were included in the chapter 11 filing, particularly FTX U.S.. The answer is because FTX two S was not operated independently of FTX dot com. Chapter 11 protection was necessary both to avoid a run on the bank at FTX U.S. and to allow our team to identify and protect its assets.
Missing & Misused Money by the Federal Government
"Wire fraud Money lauder Defrauding investors Fraudulent record keeping Sam bankman freed Um FTX Billions and billions of dollars Missing Why are fraud money laundering defrauding investors fraudulent record keeping Does that not sound like the federal government to you 85% of the COVID money didn't go where it was supposed to go They went to the teacher's unions instead The GAO the general accountability office is constantly releasing reports every single year About the amount of money typically a quarter of a $1 trillion That is gone Waste fraud and abuse Every year How about unfunded liabilities are those not Ponzi schemes Those of us who've paid a fortune to social security I'm 65 now And those of you who are paying into it and are much younger Do you understand how they turned what was an insurance plug into a government Ponzi scheme There's no money in the trust fund All the money comes from general operating funds The people paying into social security now are paying the people who pay before because they stole all of our money and spend it On their political priorities There are no trust funds There are IOUs Is that not a Ponzi scheme
AP News Radio
Avenatti sentenced to 14 years in California fraud case
"Disgraced attorney Michael avenatti has been sentenced to another 14 years behind bars. In a California fraud case and ordered to pay millions in restitution. The imprisoned lawyer who became famous representing stormy Daniels against Donald Trump and then stealing from her has pleaded guilty to four new counts of wire fraud and tax related charges. He's accused of negotiating big settlements behind his client's backs. And then using the money for himself, including the purchase of a private jet and opening a sideline coffee business. Avenatti apologized to the clients he built, including a man left paraplegic who'd been awarded a $4 million settlement from Los Angeles County, avenatti asked the court to consider the good he had done as a lawyer, but the judge said he had also done great evil. In addition to jail time, there's a $10 million restitution order. I'm Jackie Quinn
AP News Radio
California man pleads guilty in pandemic fraud case
"A California man pleads guilty after he and his business partner were indicted for pandemic relief fraud 44 year old Pierre Rogers of Irvine California was arrested at the end of June and faced charges of bank fraud wire fraud and money laundering The U.S. attorney's office in New Hampshire says he pled guilty this week in federal court and conquered to fraudulently trying to obtain more than three and a half $1 million through COVID-19 relief programs intended to help small businesses using some of the proceeds to buy a Rolls Royce worth over a $100,000 Prosecutors say Rogers and his business partner Joshua leavitt knowingly filed false information on applications for cares act funds carrying out the scheme through more than a half dozen companies they owned and operated with names like dark matter associates and pierrot trader He's been ordered to pay over $800,000 in restitution Rogers and levitt are both scheduled to be sentenced next January I'm Jennifer King
AP News Radio
Feds: 1st cryptocurrency insider trading case snares 3
"Federal prosecutors say three people face charges in what's being called a first cryptocurrency insider trading prosecution I Norman hall an indictment unsealed in federal court in Manhattan says a product manager at Seattle base coinbase global his brother along with a Houston man have been charged with wire fraud and wire fraud conspiracy Federal authorities say the brothers were arrested the Houston man remains at large The government says the manager alerted the two about an investigation coinbase was conducting the indictment says the manager was stopped by law enforcement prior to boarding a may 16th flight to India the FBI's New York office as the defendants collected about $1.5 million in illegal profits by trading in at least 25 different crypto assets I Norman hall
AP News Radio
'Real Housewives of Salt Lake City' member admits fraud
"Jennifer Shaw of the reality show The Real Housewives of Salt Lake City faces 11 to 14 years in prison after pleading guilty to a charge of fraud conspiracy I'm Archie Sara letta with the latest Prosecutors say Jennifer Shaw was part of a massive telemarketing fraud from 2012 to 2021 that sold bogus services to people to create their own online businesses Prosecutors say she was the lead broker who told sales workers what to say to victims Shah entered a guilty plea to conspiracy to commit wire fraud in Manhattan federal court on Monday as part of a plea agreement Shah will forfeit $6.5 million and pay $9.5 million in restitution Shah says she knew it was wrong and she is sorry She is free on bail and will be sentenced November 28th
"wire fraud" Discussed on 77WABC Radio
"After county DA response to the Mark Levin show. Wait a minute. I'm Mark Levin. Jesse's great. He's hilarious. All right, better kill it. People could. Why don't you have nothing to talk about? Taking it easy. No, I like music. It's okay, relax. Everything's cool. You have a hair of Andrew gillum Andrew gillum almost became the governor of Florida. He was the Democrat nominee, supported by the Democrats. They love this guy. They love them. But desantis speed them. If Trump endorsed the santas no question, the Santa's ran a brilliant campaign. Gillum lost barely. Barely. He was almost the governor of Florida, now soon after his loss, he was found in a hotel room with another guy. He would later come out and say bye, so I'm sure the LGBTQI. Community was glad that he came out, I suppose. I don't know. And also he was using drugs. Now it turns out he's charged with 21 counts of federal indictment. Today, Andrew gillum, the once rising Florida Democrat star. Right NBC News Mark caputo. Was hit with a 21 count federal indictment for wire fraud related conspiracy charges in making false statements. Kill him the former tau hassi mayor was charged along with his mentor Sharon leptin hicks. For fraudulently fundraising from various entities between 2016 to 2019 according to the Department of Justice press release. Now you know this really had to be bad or the Department of Justice this one. AKA the department of injustice would not have brought these charges. Against one of their own Democrats, no. Chest department said the two allegedly diverted some of the money to a company controlled by letman hicks who fraudulently disguised the funds as payroll payments to Gilliam. In a written statement, Gilliam and his lawyers proclaimed his innocence. Wait a minute. What's wrong with this, mister badus? What's wrong with this America? You mean gillum has representation and actually could speak out? This seems to be a new approach to getting to the truth. Doesn't it rich? I'm perplexed ladies and gentlemen. I thought the entire narrative would come from the department of injustice. What they would have a conga line of charges a conga line of witnesses, a conga line of supposed facts, and that's that. That's that. But apparently not apparently not. And written statement Gollum and his lawyers proclaimed his innocence, leptin hicks, a candidate for a state House seat is not returned text or calls from NBC News requesting comment. Well, what is hicks supposed to say NBC News? I've spent the last 20 years of my life in public service and continue to fight for the people. Oh, don't think all on the left. Every campaign I've run has been done with integrity, make no mistake that this case is not legal. It is political. Throughout my career, I've always stood for the people of Florida and have spoken truth to power. There's been a target on my back ever since I was the mayor of Tallahassee. They found nothing then, and I have full confidence that my legal team will prove my innocence now. The indictment marks a new low for Gilliam a married father of three who withdrew from public life as a political leader and he paid CNN commentator CNN knows how to pick him, doesn't it? Between this guy and Jeffrey toobin and so forth. After a March 2020 sex scandal involving a suspected mail over those victims in south beach, hotel. Which does bring to my mister, but whatever happened to this budding sex scandal at media matters. Did you know Mark Elias is their lawyer? But don't worry, they're not a Democrat party operation over there at media matters, are they? No, can't be. There are 501c3 tax exempt, nonpartisan, nonprofit organization. Which is why the number one Democrat party, slip and fall, hitman lawyer, is their lawyer obviously. But the ones whose guide Johnson, that's his name, Johnson. Don't look at me. Just in this supposed sex scan scandal, Johnson had posted some things that he since took down because he was threatened by the Democrat party lawyer, Elias, who's also the media matters lawyer. Cease and desist right now, I insist on it. Cease and desist. So this budding sex scandal, whatever it is. Has been hidden, and you'll remember the president and CEO of media matters. What is that guy's name again? What is his name, rich? South Angelo puts a Rama. What is his name? Caruso, something like that. Carson, Angela Carson. Daily caller did a little digging, not too far back. Fennel kinds of anti semitic and bigoted posts. Next thing you know he'll be a prime time TV. Host on an MSNBC, maybe he'll follow joy Reid. Same thing with her. So that's the sleazy operation. At the den of sleaze balls it is media matters. Why the IRS doesn't really yank their ticket. And do a serious investigation reveal what they've been doing with their tax exempt dollars. I don't know. But let's get back to the main story here. Two sources with whom Gilliam spoke to as they told NBC News that he began phoning French frantically about the criminal case when he was informed that his indictment was imminent. Neither would speak on the record because they weren't authorized to speak on his behalf. These are friends of his?
Wrongful Conviction Podcasts
"wire fraud" Discussed on Wrongful Conviction Podcasts
"To wrongful conviction with jason flom. That's of course. I'm your host and two and a half years ago. I read a profoundly. Troubling series of articles in the new york times originally published in propublica by pam cough about the astounding case of job ryan. Who served thirty five years in prison in texas for a crime there is a zero percent possibility that he ever could have committed. And you'll find out why as we go along and it has haunted me ever since that day and so i'm just deeply honored to have the man himself. Joe brian all seventy nine years of age of him with us today on the show. So joe you initially the year. Oh did i miss a year. eighty. I'll happy birthday he's eighty years old adulation while i'm sorry you're here because of the wire here but i'm very very happy and honored that you're here and with joe is a renowned attorney jesse fried thank you also for being here today on wrongful conviction thank you including me appreciate it and i think this story is important for so many reasons because if anyone the audience is thinking well that can never happen to me. If it could happen to joe it can happen to you. And what i mean by. That is joe. You lead not just an exemplary life but really a rich fulfilling life up until this happened and can you take us back all the way to your childhood and how you grew up in a small town in texas right grew up in waco grew up on a farm animals and family in headed absolutely wonderful. Childhood tend to church regularly in looking back. I had very ideally laugh. And how did you find your way into the field of education at which you excel right becoming ultimately a really loved and revered educator in clifton texas the principal school but how did you make your decision to get into. Education always lacked school but at our church. I started playing the piano fulltime when i was thirteen. And our church and our song leader was my principal at school and ahead tremendous respect for him and i guess you could say that. He is instrumental in guiding in that direction. So i've always lived and breathed in education making are unfortunate enough not to be able to have children with both education. I helped her with their lesson. Plans with writing papers We would discuss tasting objectives. Goes and how to rates them than it was. It sounds like it is and from what i understand. The high school middle and elementary schools were all on the same campus in you or the high school principal. Mickey was the fourth grade teacher. And the two of you are obviously well known in the small town of clifton having had a hand in the education of so many of the people there so your shared that occasion had made you to revered by parents and students alike which brings me back to my point that if a beloved figure like yourself who was leading an upstanding life if this can happen to you then nobody out. There is safe because it can happen to anyone. And that brings me to the next part of your story which courses october fourteenth nineteen eighty five. Now you're out of town at an annual texas secondary schools principals conference with a hundred and twenty miles away in austin taxes and this is a conference to intended for the previous fourteen years. Mickey had seen her parents. Otis and vera blue that afternoon as well spoken to you as you graded papers watched the cma's in your hotel room. The country music awards in austin around nine pm that night so now the following day. October fifteenth nineteen eighty-five. Mickey who was usually the first one to arrive at school never did the elementary school principal rex. Daniels was obviously concerned. So he called your home and got no answer so knowing that you were in austin he called. Mickey's parents otis and vera. Who met him at your home with the spare key and turner mother and this gives me chills was the first to see the horrific and bloody crime scene in your bedroom. Her daughter's body nikki's body laid across the length of the bed. Her nightgown was drawn up to her thighs. Undressed from the waist. Down and blood was spattered on the bed the ceiling and all four walls from apparent gunshots to the head and abdomen and at this point lead the blues of severe to the living room where they called the police and then of course joe you received that awful awful news so gel is alerted to the discovery of her body and to what happened to her while he is in austin several friends from clifton drive down to get him because of the distraught state he was in and drive him back to clifton so the texas rangers lead this investigation as they often did in rural towns like clifton and texas ranger joe wylie interviewed you joe and you answered all the questions telling them about the three fifty seven loaded with birdshot that you kept in the bedroom as well as a cache box under the bed that usually held around a thousand dollars. Both of them were reported missing at the time. As we're mickey's watch wedding band and diamond ring. There were no witnesses. No neighbors reported hearing anything no obvious. Signs of forced entry. No bloody fingerprints no seem inbound the rate get so. There was very little for the rangers to go on oddly. A cigarette though was found on the kitchen floor. Now this is important because mickie didn't smoke and new joe. It looked like a burglary gone now. His brother charlie. Blue was vice president of agrochemical firm out of florida. He came to town with the investigator that the company kept on retainer ex. Fbi agent bud saunders. Now charged was in town for mickey's funeral. Joe lent charlie his car and somewhere along the few days in which the car was in. Charlie's possession of flashlight with reddish brown specks was allegedly spontaneously found in the trunk of the car and so does car is out of his possession for a period of about five days and then the flashlight and discovered when the car is in joe's brother-in-law's possession so the tipping point for and really the only point that supported jo's arrest was the discovery of the flashlight in his car and later. Dna testing cast doubt on whether this flashlight was ever even at the crime scene at all but nevertheless unbeknownst to joe at the time a search warrant of the car was executed and the flashlight was sent to the state crime lab. Now this was nineteen eighty five so there was no dna testing just serology and the testing done at the time determined that some of the specs actually were blood. The most common blood type type o which also happened to be mickey's blood type now. Those speckles were found on an object. That was not found at the crime scene. But in one of the couple's two cars.
"wire fraud" Discussed on KSFO-AM
"The proportions when it is all you see, you tend to think it is all that exists, and we have to be more disciplined. It's not only not all that exists. It's not even the majority of what exists. Subscribing. Listen now by going up Fox News podcasts Donald Trump The Fox News Rundown is a weekday morning podcast dives deep into the major and controversial stories of the day hosted by the anchors of Fox News radio subscribe Now to hear a perspective of news. You won't find anywhere else. Listen, now we're going to a fox news podcasts dot com. Settlement has been reached surrounding the workplace culture within the Washington football team. Fox's Matt Napolitano has this story. The Washington football team reached a settlement last year with its former cheerleaders is revealed by attorneys for both sides, though the terms of this agreement were not disclosed. The settlement stems from two videos featuring cheerleaders during swimsuit calendar. Photo shoots for Washington Back in 2008 and 2010 Lewd videos were made without their knowledge, showing outtakes from the chutes in which some of the women were briefly exposed. This settlement comes amid the NFL's investigation into the workplace culture for the Washington football team with numerous sexual harassment allegations levied against former employees of the organization that Napolitano Fox News. Meanwhile, a former private equity executive who co founded an investment firm with U two's Bono has pled guilty to paying $50,000 to have someone secretly correct his son's A CT answers as part of the college admissions of Bribery scheme. Will you make glass and pled guilty on Wednesday to account of wire fraud and honest services, wire fraud before a bust in federal court judge and a video conference hearing, US District Judge Nathaniel Gorton said he would accept or reject the plea deal after considering the pre sentencing report, which is the document that contains background on defendants and helps guide sentencing decisions. A plea deal calls for McGlashen to serve three months behind bars, plus Netflix, adding another popular animated Children's Syriza's to its titles. Netflix is bringing to life the Popular British Children's Redwall Books, the streamers team with Penguin Random House Children's UK to develop the Brian Jacques book into an animated feature that flexes, additionally, planning an event serious based on the character of Martin, the Warrior. This is the first series based on the books, which chronicles the adventures of heroic animals that inhabit the farthest haven of Red Wall. Abby. Books have sold around 30 million copies and have been translated into more than 20 languages. Fox's Michelle Pelino,.
WCBM 680 AM
"wire fraud" Discussed on WCBM 680 AM
"The drive to vaccinate Americans against the Corona virus is picking up speed. About one in 10. Americans have now got at least one cove in 19 shot. About 3% have gotten that second shot, so they're fully vaccinated. The number of new infections has fallen to its lowest level in three months. But experts are worried that those Super Bowls celebrations may fuel new outbreaks. Meanwhile, evidence is mounting that having had cove in 19 may not protect you against getting infected again with some of the new variants. I'm Rita Foley, a California lawyer, was arrested on fraud charges alleging he bilked investors out of it least $4.5 million. By lying about a real estate opportunity and making it seem he controlled. Landy did not. Derek Jones 46 of San Marino faces wire fraud and aggravated identity theft charges. Use an analysis of telling all that calm. I'm Keith Peters. The NTSB says the pilot and the Kobe Bryant crash was disoriented in the clouds. Safety investigators say the palette of Kobe Bryant's helicopter flew through the clouds and apparent violation of federal standards and likely became disoriented. Robert Sumwalt, who's the chairman of the National Transportation Safety Board, said pilot arrows O'Brien was flying under visual flight rules, which means he needed to be able to see where he was going. So by unpiloted. The aircraft declined sharply and at nearly Broke into the clouds when the helicopter banked abruptly and plunged into the hills below. Killing everybody on board. I'm Shelly Adler. Answer. Mama's making her last batch of pancakes. Quicker road said Tuesday that it Sandra my mom brand pancake mix and syrup will be renamed Pearl Milling Company Engine Mama Products will continue to be sold until June, when the packaging will officially change over. Quaker Oats announced that it would retire the engine. I'm a brand town hall. WCBM Baltimore several lows, advertise to roll our way and bring some winter weather to parts of the mid Atlantic. There are one or whether alerts that are starting to pop up across the area. 31 degrees are low for tonight. Mostly cloudy Wednesday. High of 41.
KNST AM 790
"wire fraud" Discussed on KNST AM 790
"The situation Should former President Trump be cut off from being allowed to access U. S intelligence information? President Biden thinks so, saying there's no value in it, and there's risk that he might reveal something securing America. White House Press secretary Jen Psaki clarified remarks the president made to CBS News. A reference, of course, is erratic behavior, which I think many Americans would agree with him on. Hey, was expressing his concern about former President Trump receiving access to sensitive intelligence. But sake acknowledged the president may not have the final word on whether Trump stays in the loop, saying that's ultimately up to intelligence officials. Sake also told reporters President Biden will not spend much time monitoring the impeachment trial of the former president. Rachel Sutherland. Fox NEWS Congress keeps working on the nearly $2 trillion covered financial aid plan that could ultimately pass without any Republican votes. Senate Minority Leader Mitch McConnell Washington Democrats have decided I want to go it alone in Camilla to bility caps could be stricter on the next round of direct payments, meaning fewer Americans might get money. A man in Florida got a lot of covert assistance that got him in trouble Rescue to say 45 year old Don sister, Nina received more than $7 million in covert relief money from the federal payroll protection program. He's accused of falsely claiming that his business had 441 employees and monthly payroll expenses of three million bucks. Prosecutors say Sister Nino, then blow a few bucks immediately buying a 12,000 square foot home. Um as Roddy and a Mercedes Benz, sister Nino faces, wire fraud, identity theft and other charges. Basis 70 years in jail if convicted, Christie Mae Oh Fox News on Wall Street. Stock futures are down slightly sore most markets overseas that they have to record gains. The Dow search 237 points. The NASDAQ was up 1 31. In the S and P 500 posted.
WCBM 680 AM
"wire fraud" Discussed on WCBM 680 AM
"The Democrats. White House correspondent Greg Clugston has more in their final brief. Before the Senate trial, The former president's lawyers attacked the impeachment case on multiple grounds, calling it unconstitutional. They suggest that Trump was simply exercising his First Amendment rights when he disputed the election results. The lawyers also argue that he explicitly encouraged his supporters to have a peaceful protest. And therefore cannot be responsible for the actions of the rioters. Greg Clugston Washington the Justice Department calling on U. S attorneys who were appointed by former president Trump to resign from their post as the Biden administration moves to transition to its own nominees. However, the U. S attorney who oversees the federal tax probe. Concerning Hunter. Biden has been asked to remain on the job. Also a town hall dot com of Florida Man charged with Covad Relief fraud Federal prosecutors allege 45 year old Don sister, Nina received more than $7.2 million in Corona virus relief funds by concocting hundreds of non existent employees on loan applications. Prosecutors say. Sister Nina claimed that his New York business had 441 employees, but the company's only employees may have been sister Nina. His girlfriend, and no wages were reported to the I. R. S in 2019 Sister Nina was charged with two counts of wire fraud, three counts of aggravated identity theft and three counts of illegal monetary transactions. I might cross CEO Mary Wilson, one of the original Supremes has died. Wilson, along with Diana Ross and slow ballad made up the first successful configuration of the Supremes. Mary Wilson dead at 76 more on these stories, a town hall dot com 2021 is already off to a disturbing start For conservatives. We've seen Twitter unilaterally.
"wire fraud" Discussed on WTRH
"Being the impeachment case against him as an act of quote political theater, White House correspondent Greg Clucksten reports In their final brief. Before the Senate trial, The former president's lawyers attacked the impeachment case on multiple grounds, calling it unconstitutional. They suggest that Trump was simply exercising his First Amendment rights. When he disputed the election results. The lawyers also argue that he explicitly encouraged his supporters to have a peaceful protest and therefore cannot be responsible for the actions of the rioters. Red Clugston Washington, the Justice Department asking U. S attorneys who were appointed by former President Donald Trump to resign from their posts as the Bite administration moves to transition its own nominees. However, the U. S attorney overseeing the federal tax probe involving President Biden's son Hunter, Biden has been asked to remain in place. Also a town hall dot com. A Florida man charged with Covad Relief fraud Federal prosecutors allege 45 year old Don sister, Nina received more than $7.2 million in Corona virus relief funds by concocting hundreds of non existent employees on loan applications. Prosecutors say. Sister Nina claimed that his New York business had 441 employees, but the company's only employees may have been sister Nino and his girlfriend. And no wages were reported to the I R. S in 2019. Sister Nina was charged with two counts of wire fraud, three counts of aggravated identity theft and three counts of illegal monetary transactions. I might cross Theo new report from the Congressional Budget Office finds in Greece The minimum wage to 15 an hour would reduce the number of Americans living in poverty. It would also add greatly to the national debt and joblessness. More of these stories, a talent hall dot com Tell me why really factor is so successful in lowering or eliminating pain? I'm often asked that question. Beatings have child..
"wire fraud" Discussed on AP News
"Health officials and others are still concerned Super Bowl celebrations might feel new outbreaks and another concern the variance University of Pennsylvania immunologist siege on Wary says the mutations do pose a threat to people who have had covert 19. Before in these studies were seeing evidence of reinfection. The rates of symptomatic and severe infection are essentially non existent. The CDC reports. More than four million more vaccinations were given over the weekend. Significantly faster clip than in previous days. The White House says President Biden was Congress to act quickly on a coronavirus economic relief bill, including increased minimum wage. Press Secretary Jen Psaki president is Remains firmly committed to raising the minimum wage to $15. That's why he put it in his first legislative proposal, and he doesn't he believes in any American who is working a full time job. Trying to make ends meet should not be at the poverty level, and it's important to him that Minimum wage eyes raised. Both sides present their legal briefs ahead of former President Donald Trump's impeachment trial in the Senate. The ex president's lawyers call the case and act of political theater by Democrats seeking to exploit the capital riots trauma. They're making clear they will challenge any suggestion that he's to blame for the insurrection. The house impeached him for inciting insurrection and in their own legal brief Democrats call it the most grievous constitutional crime ever committed by a president. When the proceedings start tomorrow, the Senate will first debate and vote on whether it's even constitutional to prosecute Trump since he's no longer in office. Soccer Megane Washington Opening arguments are set for Wednesday at noon with up to 16 hours per side for presentations. Trump has already refused to testify. This is AP News. Georgia's secretary of state's office opens investigation into a phone call between Donald Trump and the state's top election official in which he then president said he wanted to find enough votes to overturn his loss in Georgia. Fraudsters and the pandemic of Florida Man has been indicted by a federal grand jury of defrauding the paycheck protection program of more than $7 Million. Federal prosecutors allege 45 year old Don sister, Nina, received more than $7.2 million in Corona virus relief funds by concocting hundreds of non existent employees on loan applications. Prosecutors say. Sister Nina claimed that his New York business had 441 employees, but the company's only employees may have been sister Nino and his girls. Friend and no wages were reported to the I. R. S in 2019 Sister Nina was charged with two counts of wire fraud, three counts of aggravated identity theft and three counts of illegal monetary transactions. I might cross Theo I'm Tim McGuire. AP News I might cross CIA reporting of Florida Man is charged with Cupid Relief Fraud Ah Florida man has been indicted by a federal grand jury of defrauding the Paycheck protection program of more than $7 Million. Federal prosecutors allege 45 year old Don sister, Nina received more than $7.2 million in Corona virus relief funds by concocting hundreds of non existent employees on loan applications. Prosecutors say. Sister Nina claimed that his New York business had 404 Anyone employees, But the company's only employees may have been sister Nino and his girlfriend, and no wages were reported to the I. R. S in 2019 Sister Nina was charged with two counts of wire fraud, three counts of aggravated identity theft and three counts of illegal monetary transactions. I might cross CEO of Florida Man has been indicted by a federal grand jury of defrauding the paycheck protection program of more than $7 million. Federal prosecutors allege 45 year old Don sister, Nina received more than $7.2 million in Corona virus relief funds by concocting hundreds of non existent employees on loan applications. Prosecutors say. Sister Nina claimed that his New York business had 441 employees. But the company's only employees may have been sister Nino and his girlfriend. And no wages were reported to the I R. S in 2019. Sister Nina was charged with two counts of wire fraud, three counts of aggravated identity theft and three counts of illegal monetary transactions. I might cross Theo.
"wire fraud" Discussed on WTVN
"Prompted numerous school closings today as well, including Columbus City schools, canceling all blended learning and remote classes. The complete list of closings is available at 6 10 W. T. V and I calm Rockland County also remains under a level one snow emergency to former researchers and nationwide Children's hospital heading to prison for stealing research and selling China. Jozo and Li Chen were sentenced to 30 months in prison after being found guilty of conspiring to sell trade secrets and wire fraud. Chen's work, it's worked at separate medical research labs for nationwide from 2008 to 2018. But they still exist some research to sell to the Chinese government. House Democrats will file written arguments today in the Senate impeachment trial of former President Donald Trump. The filing will lay out the case that Trump incited the deadly January 6th right at the U. S. Capitol. Trump's defense teams expected to argue the impeachment is unconstitutional because he's no longer in office. I'm close to expected today to give an official answer to the charge. There's a report on line broker Robin Hood's talking with banks about raising a billion dollars in debt so we can keep fulfilling orders for heavily shorted stocks Orders. Reports of brokerage could be in the market for more money to handle the financial pressure from the demand for shares of Gamestop. A new financing will be an additional $3.4 billion Robin Hood announced Monday that it had secured from its investors. And within the next half hour, two famous prognosticators will make their determination of whether there will be six more weeks of winter in Pennsylvania punk in Tony fills emerging from his burrow, with many hoping the ground hog does not see his shadow, which would indicate an early spring. Same with Buckeye Chuck, who said to give his winter forecast in Merriam this morning, I'm Scott Jennings. Next news updated, Ate the brain in boxes show is back Next Columbus in stores for Real News in real time is just minutes away at the top of the hour on use radio 6 10. W TV END. What's behind a name?.
Newsradio 700 WLW
"wire fraud" Discussed on Newsradio 700 WLW
"Wait a minute. We have talked every day. We have 17. You are at the White House right here. But not as many of health money more at home. I should say months at home. Yeah, There's no other Children stumping over my head right now. So this is nice, but a lot of security here at the White House so but much quieter. Anyone steal your stapler That happens whenever I'm gone? Yes, it's actually we were having some tech issues because all of us have been not around for a while. All right. So the press his last day in office yesterday. What? DDO? Yeah, the president issuing that floury of pardons that we had expected from the president last night. This last big burst. 143 in total came after midnight. You know, we were all waiting. Waiting eventually had to go to sleep being up so early this morning, but some of the big names on the list. Former White House strategist Steve Bannon. It was indicted last August on charges tied to an alleged conspiracy to commit wire fraud and money laundering. Part of this crowd funding effort. Tomo get money for a border wall. He was charged with ripping people off. Essentially pleaded not guilty. We gotta pardon s O, You know the way we were expecting this long list the names that we saw on there were what we were expecting. And as we talked about yesterday, President Trump did not do the self pardon nothing for his kids. Now this personal attorney Rudy Giuliani, we were told that he was unlikely to do that in this final burst. Will you be there for his send off in Andrew's, so no one will be here. There's a lot of logistics between here and there on will be the small group of pool reporters who will be heading outside and just a couple minutes around eight o'clock. He will take Marine one from the White House to joint base. Andrews where Air Force One is waiting. This, You know, Normally, presidents get that last ride on the helicopter. You do a nice little loop around the city and all the sites, But that's when you do it for the inauguration. So we'll see where the president if he does any little sightseeing on his way from here in Andrew's right now on the petty stuff. Melania Trump has been declared the least popular first lady in the history of popular first ladies, by whom I'm guessing catty women. I thought, you know, I have not seen that pole. Not just that passes the standard of our polling units. I can run it by Oh, I don't know why anybody even does that pole, But somehow she is the least popular E Remember her doing anything positively or negatively, Except somebody was mad. She dug up the Rose Garden. Yes, that was you know a couple months ago, Big Rose Garden redesigned, You know, she did to be best campaign, which a lot of people think we're skeptical Love, given some of things, her husband said on social media. On Didn't public over the last couple of years. We'll tell the press we wish him the best I will wave to him for you. All right. Thanks Much. Thank you. Just about 7 18 Now 700 wlw 700 wlw Cincinnati available everywhere with.
"wire fraud" Discussed on WJR 760
"Now it's 41 degrees. I'm Michael. That's WJR news up next. Three men have been indicted in a scheme to sell stolen medical instruments from Beaumont. And it appears to be an inside job. Paul Purty 49 from Ohio VAL debt separate trick from Auburn Hills and severe Khan 40 from Fenton. Has been charged in 18 count indictment of wire fraud and conspiracy. The case involves stolen medical instruments from Beaumont used for various procedures and then resold at or below retail, one of the men charged on the medical supply business in Flint, the other to work previously at Beaumont. Investigators say the trio reaped more than $560,000. They're due in Detroit Federal court January. The 21st Amazon and parlor have faced off in court today. Fox is Darren Springer has details. The judge has to decide whether or not to issue a temporary restraining order that would force Amazon to put parlor back on its servers. Amazon took parlor down after the riot at the Capitol last week in court documents that said the company had been giving parlor. Warnings for months that it was allowing content on the platform that promoted violence, even rape, murder and torture, and that's in violation of their contract. Amazons attorney Ambika Dorine argued that the events of January 6th changed the way we think about the world took what was merely hypothetical and made it chillingly real Amazon had every right after that happened. With the surge in violent content on parlor to take that into content Parlor had about 15 million users before eventually being shut down by Amazon after the takeover. The newly elected prosecutor in Washington County, Eli Savage wants to decriminalize prostitution, Savage says adults have the right to engage in private conduct. Former governor Rick Snyder was arraigned today on two counts of neglect of duty. Former health director Nick Lyon faces nine counts of manslaughter and a single charge of neglect of duty. Both pled not guilty. Solicitor General Fadwa Hamoud also announced Darnell Earley. Former state appointed emergency manager for the city of Flint is charged with three Counts of misconduct in office each of five year felony for acts related to city of Flint's finances, as well as misinformation about the quality and safety off the water of the flint water supply. In all, 41 charges were brought against Snyder and seven others. Wall Street Today, Stocks ended negatively the Dow was down 68 points the S and P was off 14 Ken Murkowski, WJR news back to Mitch Album and two men with no fees or minimums on checking and savings accounts. Banking with capital One is like the easiest decision in the history of decisions. Kind of like choosing Charles Barkley in a pickup game. We'll take our going, Pa first pick. Sorry, kids. Yep, even easier than that. And with our top rated app, you can bank any time anywhere, making capital one and even easier..
"wire fraud" Discussed on WBSM 1420
"Bedford Police Department has just announced another drug bust. On Monday, Gang and narcotics detectives seized a handgun ammunition 58 Xanax pills and nearly $3500 in cash. At 17, a creep O ST 20 year old Mason Glossop was taken into custody. Fall River has now logged nearly 10,000 cases of covert 19 since the pandemic began, and there have now been 250 deaths caused by the virus in that city. Meanwhile, prisoners people living and working and congregate care settings and people living in low income Senior housing are the next in line to get the Corona virus vaccine in Massachusetts. That initiative starts on Monday. Professor Emmett was arrested today and accused of failing to disclose his connections with the People's Republic of China Gang. Chen aged 56 is a naturalized U. S citizen. It's alleged that he was advising Chinese entities on science and technology while at the same time receiving US grant funding from the U. S Department of Energy. Chen was due in federal court today on charges of wire fraud, failing to disclose a foreign bank account and making a false statement in a tax return. That's all, according to a media release from U. S Attorney Andrew Leveling. Massachusetts Attorney General Maura Healey is suing the Trump administration's eep over its failure to strengthen air pollution standards. Healy this week joined 17 attorneys general from across the country to try to force compliance under the Clean Air Act. It has to do with microscopic particles known as PM 2.5. In recent years, Science has shown that the tiny particles pose a grave public health risk, Healy said. Lawsuit states. The EPA should update its air pollution standards to reflect the science Fall River Police and fire departments are set to receive 1.2 million in public safety staff and grants. Senator Mike Rodricks of Westport secured the funding and made the announcement today. It's part of the Massachusetts Municipal Public Safety Staff and grant program. In sports. It is opening night for the Bruins. They dropped the puck on the new season tonight on the road against the Devils in New Jersey. The teams will go at it.
"wire fraud" Discussed on KTRH
"Inauguration. And an orderly transfer of power to the incoming by the administration. The Senate Democratic leader Chuck Schumer, vented his frustration, quote. A Senate trial can begin immediately with agreement from the current Senate majority leader to reconvene the Senate for an emergency session or will begin after January 19th. But make no mistake. There will be an impeachment trial in the United States Senate That's Fox's Mike Emanuel. She were maybe out front of skis, though several noted legal experts saying impeachment trial for a former president is illegal and Constitutional Houston pastor on his way to prison for six years for wire fraud and defrauding investor Federal judge. Louisiana sentenced Kirby John Caldwell Wednesday called with his pastor of the Windsor Village United Methodist Church. He was indicted two years ago after he's he and his investment adviser were accused of selling more than $3 million in worthless Chinese bonds to investors. Caldwell pleaded guilty last year. He since paid back nearly all the money frustrations running high over the quarter virus vaccine rollout, which has been slow for many people, Allison We, Nikki with the immunization partnership, says seniors who are supposed to be at the front of the liner running into roadblocks. No matter where they live. A lot of the issues revolved around finding out where a person can go. To a provider who has a Corona virus vaccine, she says. The issue of states are coming up with their own distribution plans. And then it's upto healthcare providers who received the shots to try to come up with a plan to distribute them, which has caused a mess. Ktrh news time. 10 03 a positive morning in the market so far more from Ktrh Money man. Pat Shin Stocks are trading mixed following the latest jobs numbers this morning. We gotta look at initial jobless claims coming in far worse than analysts had expected. Now, the markets are taking the bad news is good news. It increases the odds of more stimulus coming from Congress. Speaking of stimulus President elect Biden is expected to roll out his stimulus proposal later today. Right now, the Dow up 102 s and P of eight. NASDAQ is up. 76 aren't accepted at 10 30 now more Michael Berry. I'm Corey Olson on NewsRadio. 7 40 ktrh. Let me try to put this into perspective..
"wire fraud" Discussed on WGN Radio
"And then everything else looking. Okay, there is a crashing Niles at Milwaukee and Ballard and some police activity on the south side of 79th and Indiana. And on the West side at Polk and central police there, too, flashing lights in both areas now for news a mistake by the Cook County Public Health Department led to some thinking they could sign up for a covert 19 vaccine. This morning, a survey was posted online, inviting people to sign up and get information about when and where they could get a vaccine making it seem like anyone could get. One. Ah, Health Department spokesman says That part was a mistake. The survey is on Lee for health care workers who are not affiliated with big hospitals or health care systems. They set off a scramble to fix it and get out the correct information. In the meantime, quite a few suburban cook County residents filled out that survey that was WGN's Tanya Francisco reporting. A spokesman for the Public Health Department could not comment on how the residents were able to fill out that survey. Three people were arrested tonight after a police pursuit during which a trooper's vehicle was hit. Illinois State police say it happened just after 5 p.m. on I 57 year hall stead on the South side and I SP trooper got involved in the pursuit of a vehicle which was stolen in an armed robbery in Frankfurt. During the chase. The suspect's vehicle hit a trooper squad car on South bound 94 near 75th Street. The car ended up crashing at 95th. Four people ran from the vehicle, three were picked up. One is still at large. The trooper whose vehicle was hit was unhurt. Republicans in the Illinois House fear the upcoming lame duck legislative session will include a tax increase. House GOP leader Jim Durkin says Democrats may turn to taxpayers to shore up a big budget deficit caused by the pandemic, lack of a federal bailout and the failure of the graduated income tax proposal in November. Now, after voters just sent the Democrats in message, Madigan and his cohorts will be trying to sneak attacks increased yes, sneak a tax increase into the lame duck session. Call your state representative. Now let them know that you're not form or taxes, and they must reject Madigan, a speaker of the next General Assembly. No agenda has been set for the waning days of the current General Assembly. But other topics which could come up include proposals from the Black legislative caucus, such as police reforms. A man was found hurt critically by gunfire this afternoon at the 69 streets, he to Red line stop. Paramedics picked up a 50 year old man from the station's platform and took him to University of Chicago Hospital. Chicago Fire Department spokesman said the man was listed in extremely critical condition. Chicago Police haven't released details on that Ah, former office manager at a construction company and Lamont is accused of stealing more than $2 million from the company. 72 year old Mildred Crowley is charged with one count of wire fraud after she opened a corporate credit card to which she charged personal expenses from 2009 to 2020. The U. S attorney's office for the Northern District of Illinois, says she allegedly used the card dining restaurants, shop, travel and make payments related to a private horse farm and a show horse. Crowley then hid purchases by falsifying company records. In all she's accused of embezzling over $2.3 million The attorney's office says Wire fraud carries a maximum sentence of 20 years in prison and President Trump says if they don't call the Georgia race Tuesday night, it'll mean another elections being stolen. But W G and political analyst Paul is, Nick says, counting the votes and declaring the winners Tuesday night isn't even possible with a million mail in ballots that have to be counted. It's very clear you can't get unlike because this thing is so close. You can't call this race either of those races. So the odds of there being a call are slim to none. That means it goes in. The next day, And that, of course, is what may lead to the president or other supporters.
"wire fraud" Discussed on 550 KFYI
"Lyrics inspired by state farm, surprisingly great rates, but my race like that great like that drive safe like that. I saved like that straight up. Fax. Great race like a good neighbor State farm. Is there The number of Americans filing first time claims for jobless benefits is dropping, the Labor Department reported. 787,000 filed initial unemployment claims last week, which is down about 17,000 from the previous week. It's also way below what economists were expecting, which was 828,000. While the number is down pretty much every week since the pandemic began, has been higher than previous record highs, the government reported. 5.2 Million Americans are receiving unemployment benefits It looks like the stock market will The year on a rally, which bodes well for future markets. Yes, we would still be a buyer of dips and this historically strong as a means of 14% the past two months. That's the best end of year rally we've ever seen his history says. A strong into your rally usually means the next year's pretty good and it's not something we're gonna bet against here. Ryan Dietrich with LPL Financial. All the major indexes are up for the year despite being down double digit percentage points at the start of the Corona virus pandemic back in March. Oil prices are set to fall 20% for the Year under the weight of coronavirus lockdowns around the world. In the year's final trading session, International benchmark Brent crude is down 21 cents to 51 39, West Texas Intermediate is off 24 cents to 48 19 a barrel. Despite the 20% lost 2020 could have been much worse. Friends and wt I prices have more than doubled since falling two decade low levels in April and Ticketmaster is set to pay a $10 million criminal find for illegally invading a rival company's computer system. Prosecutors saving Between 2013 and 2015. Ticketmaster employees used stolen passwords to access computers belonging to rival song kick. The employees allegedly did this to obtain confidential business information. Ticketmaster agreed to the payment in order to avoid prosecution on charges of wire fraud, conspiracy and computer intrusion. In addition to the fine, the company must also comply with ethics.