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Futures slip as Middle East conflict weighs; bank results and data in focus
Futures slip as Middle East conflict weighs; bank results and data in focus
Futures for Wall Street's main stock indexes fell on Tuesday as investors assessed diplomatic efforts to contain the
2023-10-17 17:54
Biden administration proposes crackdown on power plant carbon emissions
Biden administration proposes crackdown on power plant carbon emissions
By Valerie Volcovici WASHINGTON The Biden administration unveiled a sweeping plan to slash greenhouse gas emissions from the
2023-05-11 17:17
Analysis-Bonds back in a tailspin as 'higher for longer' narrative hits
Analysis-Bonds back in a tailspin as 'higher for longer' narrative hits
By Yoruk Bahceli and Dhara Ranasinghe (Reuters) -Government bond markets from Europe to the United States and Australia are in
2023-07-08 00:49
Volkswagen, Umicore venture picks Poland for first car battery parts plant
Volkswagen, Umicore venture picks Poland for first car battery parts plant
BERLIN The auto battery parts joint venture between Volkswagen's PowerCo and Belgian materials firm Umicore has chosen Poland
2023-10-08 02:47
Tellurian Reports Second Quarter 2023 Results
Tellurian Reports Second Quarter 2023 Results
HOUSTON--(BUSINESS WIRE)--Aug 7, 2023--
2023-08-07 20:27
Marvel visual effects workers unanimously vote to unionize
Marvel visual effects workers unanimously vote to unionize
Marvel Studio's VFX workers unanimously voted to unionize with the International Alliance of Theatrical Stage Employes, marking the first time visual effects workers have unionized with IATSE, the union announced Wednesday.
2023-09-14 02:47
Underlying US inflation pressures subside in August
Underlying US inflation pressures subside in August
By Lucia Mutikani WASHINGTON (Reuters) -Underlying U.S. inflation pressures moderated in August, with the annual rise in prices excluding food
2023-09-29 22:20
South Korea's president to talk trade, technology and defense on state visit to the UK
South Korea's president to talk trade, technology and defense on state visit to the UK
The leaders of Britain and South Korea are seeking to strengthen trade and defense ties between their countries during a state visit to the U.K. by President Yoon Suk Yeol
2023-11-21 06:47
Trump political committee has spent more than $40 million on lawyers' fees as his legal peril mounts
Trump political committee has spent more than $40 million on lawyers' fees as his legal peril mounts
Former President Donald Trump’s mounting legal woes are growing more expensive
2023-08-01 09:51
UniCredit Says It Won’t Pay Bank Tax, Lifts Revenue Goals Again
UniCredit Says It Won’t Pay Bank Tax, Lifts Revenue Goals Again
UniCredit SpA said it will use a get-out clause to avoid paying the Italian government’s bank windfall tax,
2023-10-24 14:18
George Santos pleads not guilty to duping donors, stealing campaign cash to burnish wealthy image
George Santos pleads not guilty to duping donors, stealing campaign cash to burnish wealthy image
U.S. Rep. George Santos, the New York Republican infamous for fabricating his life story, pleaded not guilty Wednesday to charges he duped donors, stole from his campaign and lied to Congress about being a millionaire, all while cheating to collect unemployment benefits he didn't deserve. Afterward, he said wouldn't drop his reelection bid, defying calls to resign. Santos' 13-count federal indictment was a reckoning for a web of fraud and deceit that prosecutors say overlapped with his fantastical public image as a wealthy businessman — a fictional biography that began to unravel after he won election last fall. Santos, 34, was released on $500,000 bond following his arraignment, about five hours after turning himself in to authorities on Long Island to face charges of wire fraud, money laundering, theft of public funds and making false statements to Congress. He could face up to 20 years in prison if convicted. “This is the beginning of the ability for me to address and defend myself,” Santos told reporters afterward, vowing to clear his name and calling his prosecution a “witch hunt.” Santos had said little during his arraignment, which lasted about 15 minutes. His lawyer, Joseph Murray, asked the judge for permission for Santos to travel freely for his campaign, though he did surrender his passport. Santos said he was returning to Washington for votes Thursday. Among the allegations, prosecutors say Santos induced supporters to donate to a company under the false pretense that the money would be used to support his campaign. Instead, they say, he used the money for personal expenses, including designer clothes and his credit card and car payments. Santos also is accused of lying about his finances on congressional disclosure forms and applying for and receiving unemployment benefits while he was employed as regional director of an investment firm that the government shut down in 2021 over allegations that it was a Ponzi scheme. The indictment “seeks to hold Santos accountable for various alleged fraudulent schemes and brazen misrepresentations,” U.S. Attorney Breon Peace said. “Taken together, the allegations in the indictment charge Santos with relying on repeated dishonesty and deception to ascend to the halls of Congress and enrich himself." Reached by The Associated Press on Tuesday, Santos said he was unaware of the charges. Santos has defied calls to resign — some from fellow Republicans — as details of his fictitious resume came to light, though he did decline his committee assignments. He has given no indication that he plans to step aside because of his indictment. In the past, members of Congress in both parties have remained in office while facing charges. Santos, 34, was elected to Congress last fall after a campaign built partly on falsehoods. He told people he was a wealthy Wall Street dealmaker with a substantial real estate portfolio who had been a star volleyball player in college, among other things. In reality, Santos didn't work at the big financial firms he claimed had employed him, didn't go to college and struggled financially before his run for public office. He claimed he fueled his run largely with self-made riches, earned from brokering deals on expensive toys for wealthy clients, but the indictment alleges those boasts were also exaggerated. In regulatory filings, Santos claimed he loaned his campaign and related political action committees more than $750,000, but it was unclear how he would have come into that kind of wealth so quickly after years in which he struggled to pay his rent and faced multiple eviction proceedings. In a financial disclosure form, Santos reported making $750,000 a year from a family company, the Devolder Organization, but the charges unsealed Wednesday allege that Santos never received that sum, nor the $1 million and $5 million in dividends he listed as coming from the firm. Santos has described the Devolder Organization as a broker for sales of luxury items like yachts and aircraft. The business was incorporated in Florida shortly after Santos stopped working as a salesman for Harbor City Capital, the company accused by federal authorities of operating an illegal Ponzi scheme. In November 2021, Santos formed Redstone Strategies, a Florida company that federal prosecutors say he used to dupe donors into financing his lifestyle. According to the indictment, Santos told an associate to solicit contributions to the company and gave the person contact information for potential donors. Emails to prospective donors falsely claimed that the company was formed “exclusively” to aid Santos’ election bid and that there would be no limits on how much they could contribute, the indictment said. Santos falsely claimed that the money would be spent on television ads and other campaign expenses, it said. Last October, a month before his election, Santos transferred about $74,000 from company coffers to bank accounts he maintained, the indictment said. He also transferred money to some of his associates, it said. Many of Santos' fellow New York Republicans called on him to resign after his fabricated life story was revealed. Some renewed those calls after news of his indictment. "Sooner or later, whether he chooses to or not, both the truth and justice will be delivered to him,” said U.S. Rep. Marc Molinaro, a Republican representing parts of upstate New York. Sen. Mitt Romney, a Utah Republican who confronted Santos at President Joe Biden's State of the Union address in February, said Santos should have resigned a long time ago. “I think we’re seeing that the wheels of justice grind slow, but they grind fine,” Romney said. House Republican leaders Kevin McCarthy and Steve Scalise were more circumspect, saying Santos deserved a presumption of innocence until proven guilty. Santos has faced criminal investigations before. When he was 19, he was the subject of a criminal investigation in Brazil over allegations he used stolen checks to buy items at a clothing shop. Brazilian authorities said they have reopened the case. In 2017, Santos was charged with theft in Pennsylvania after authorities said he used thousands of dollars in fraudulent checks to buy puppies from dog breeders. That case was dismissed after Santos claimed his checkbook had been stolen, and that someone else had taken the dogs. Federal authorities have separately been looking into complaints about Santos' work raising money for a group that purported to help neglected and abused pets. One New Jersey veteran accused Santos of failing to deliver $3,000 he had raised to help his pet dog get a needed surgery. ___ Farnoush Amiri in Washington and Alanna Durkin Richer in Boston contributed to this report. ___ On Twitter, follow Jake Offenhartz at twitter.com/jangelooff and Michael Sisak at twitter.com/mikesisak and send confidential tips by visiting https://www.ap.org/tips/ ___ Follow the AP's coverage of U.S. Rep. George Santos at https://apnews.com/hub/george-santos. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide Kevin McCarthy says he won’t support George Santos’s re-election bid after all The 13 counts New York representative George Santos faces McCarthy says he will not back George Santos re-election bid after arrest – live
2023-05-12 01:24
Tristan Tate delivers fiery response to 'selfless' fan's bold financial appeal: 'Wow, what's the catch?'
Tristan Tate delivers fiery response to 'selfless' fan's bold financial appeal: 'Wow, what's the catch?'
It's not uncommon for Andrew and Tristan Tate to receive bizarre requests from fans, and money requests are not unheard of either
2023-07-09 15:51