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List of All Articles with Tag 'me'

Indonesia Q2 FDI growth slowest in 1-1/2 years
Indonesia Q2 FDI growth slowest in 1-1/2 years
JAKARTA Incoming foreign direct investment to Indonesia grew 14.2% on a yearly basis in rupiah terms in the
2023-07-21 12:53
US, Vietnam to hold regular economic talks, explore technical partnership
US, Vietnam to hold regular economic talks, explore technical partnership
By Andrea Shalal WASHINGTON The United States and Vietnam on Thursday said they had agreed to hold regular,
2023-07-21 11:17
HK Protest Song’s Court Battle Signals More Business Risk
HK Protest Song’s Court Battle Signals More Business Risk
Hong Kong’s bid to wipe a controversial protest song from the city’s internet is flashing fresh warnings signs
2023-07-21 09:16
SPAC seeking to merge with Trump's Truth Social media company settles with the SEC
SPAC seeking to merge with Trump's Truth Social media company settles with the SEC
The Securities and Exchange Commission announced Thursday that it settled with the blank-check company seeking to merge with former President Donald Trump's media company.
2023-07-21 08:46
'Reality bites': High inflation and rates hit UK consumer confidence
'Reality bites': High inflation and rates hit UK consumer confidence
By Suban Abdulla LONDON British consumers have turned more pessimistic in the face of rising interest rates and
2023-07-21 07:48
SEC announces settlement with merger partner of Trump’s Truth Social app
SEC announces settlement with merger partner of Trump’s Truth Social app
The Securities and Exchange Commission announced that it had settled fraud charges with the financial firm tied to former president Donald Trump’s Truth Social platform, Street Insider reported. The SEC had accused Digital World Acquisition Corporation (DWAC), a special purpose acquisition company, of making material misrepresentations in forms it filed with the SEC as part of its initial public offering and its proposed merger with Trump Media & Technology Group Corp (TMTG), which Mr Trump founded. DWAC had misled both the SEC and investors when it failed to disclose that it had formulated a plan to acquire and was pursuing the acquisition of TMTG. Special purpose acquisition companies are meant to identify and acquire operating businesses. But the SEC said in the forms DWAC filed to support its IPO in September 2021, neither it nor its officers had said it had discussions with any target companies before its IPO. But the SEC’s order found that the person who would become DWAC’s chief executive and board chairman, along with other people, had extensive special purpose acquisition company meetings with Mr Trump’s company, and that the executive had pursued talks with TMTG for another special purpose acquisition company he created. In turn, the SEC called DWAC’s Form S-1 false and misleading. “DWAC failed to disclose its discussions with TMTG and failed to disclose a material conflict of interest of its CEO and Chairman,” Gurbir S Grewal, the director of the SEC’s enforcement division. “In the context of a SPAC – a ‘blank-check’ entity without business operations – these disclosure failures are particularly problematic because investors focus on factors such as the SPAC’s management team and potential merger targets when making financial decisions.” The SEC said that DWAC violated antifraud provisons of security laws. It had previously announced that it would pay an $18m settlement in the event it closes a merger transaction and it would sign a cease and desist order. Last month, federal authorities arrested Michael Shvartsman, Gerald Shvartsman and Bruce Garelick and the three were named in an unsealed federal indictment. The all pleaded not guilty to insider dealing at a court in New York City this month. Read More Truth Social’s merger partner reaches $18m settlement with SEC
2023-07-21 06:17
Billionaire Jeff Yass Gives $10 Million to Group Seeking Trump Alternative
Billionaire Jeff Yass Gives $10 Million to Group Seeking Trump Alternative
Billionaire Jeff Yass donated $10 million to the super PAC arm of Club for Growth, a pro-business, anti-tax
2023-07-21 03:18
Medicaid disenrollments paused in a dozen states after failure to comply with federal rules
Medicaid disenrollments paused in a dozen states after failure to comply with federal rules
A dozen states have had to pause terminating certain residents from Medicaid and to restore coverage -- at least temporarily -- for tens of thousands of people, according to the Centers for Medicare and Medicaid Services.
2023-07-21 02:57
Rutgers, Stony Brook Among Colleges Warning of Data Exposure From MOVEit Hack
Rutgers, Stony Brook Among Colleges Warning of Data Exposure From MOVEit Hack
The ongoing cyberattack exploiting MOVEit file-transfer software has taken a toll on US colleges and universities. At least
2023-07-21 01:58
Convicted con artist pardoned by Trump is arrested again for fraud
Convicted con artist pardoned by Trump is arrested again for fraud
A New Jersey con man who was pardoned by former President Donald Trump has been arrested and is accused of defrauding investors out of millions of dollars. Eliyahu “Eli” Weinstein was charged alongside four others with a number of crimes, including conspiring to defraud investors of more than $35m and conspiracy to obstruct justice, according to a statement from the office of the US attorney for New Jersey. Each of the five defendants was charged with one count of wire fraud conspiracy and one count of conspiracy to obstruct justice. Mr Weinstein was given a 24-year federal prison sentence after being convicted of two separate investment fraud schemes — one that ran from 2004 through 2011, the other from 2012 through 2013 — across both of which he defrauded investors of roughly $230m, according to a court document. On 19 January, 2021, after Mr Weinstein had served less than eight of the 24 years, Mr Trump pardoned him. Shortly after his release from prison, Mr Weinstein started up a new scheme, the statement said. “We allege Mr. Weinstein took part in a new scheme to rip off investors by hiding his real identity,” Special Agent in Charge James E Dennehy of the Newark FBI said. Mr Weinstein allegedly used the alias “Mike Konig” in this new scheme outlined by the FBI. Mr Weinstein allegedly said in a “surreptitious audio” obtained by investigators August 2022: “We collectively did not tell everyone who I was, no one would ever give you a penny if they knew who I was . . . because I have a bad reputation.” He worked with four others, the court document states: Aryeh “Ari” Bromberg , Joel Wittels, Shlomo Erez, and Alaa Hattab. The men were accused of taking “tens of millions of dollars from investors” through the firm Optimus Investments Inc. Most of these investors were “family, friends, or close associates,” the document said. Mr Weinstein, Mr Bromberg, and Mr Wittels received a large portion of the money through Tryon Management Group LLC — another company that was owned and operated “by two other conspirators” — which promised investors opportunities to invest in deals involving Covid-19 face masks, “scarce baby formula,” and first-aid kits “bound for Ukraine,” according to the statement. However, unable to pay the investors with legitimate investment returns, the men decided to combine the funds from both Optimus and Tryon investors and “use it to make monthly payments to other investors in a Ponzi-like fashion” starting in February 2022, the document states. “Once the Tryon owners learned that Mike Konig was actually Weinstein, they agreed with the defendants to continue concealing Weinstein’s identity from investors and to raise additional money to pay off existing Tryon investors, all in an effort to stop the Ponzi scheme from falling apart and to cover up the fraud,” the statement said. The men are also charged with obstructing justice after allegedly “hiding Mr Weinstein’s assets” — $200m in restitution — owed to his previous victims, as well as allegedly “concealing his myriad business activities, which were expressly prohibited by the terms of his supervised release,” according to the court document. If convicted on both charges, each of the five men face a maximum of 25 years in prison and fines of “either $250,000 or twice the gain or loss from the offense, whichever is greatest,” according to the statement. On top of this, the Securities and Exchange Commission also filed a civil complaint against the men and two other individuals “based on the same and additional conduct,” the statement said. Mr Weinstein was one of the 143 people pardoned by former President Trump in the final hours of his term. Read More Donald Trump is the first former president arrested on federal charges. Can he still run in 2024? An inmate was pardoned by Oregon’s governor. Two years on he’s a person of interest in four suspicious deaths Egypt pardons jailed activists, including two prominent rights defenders, official reports say
2023-07-21 01:52
US labor market still tight; housing market slump persists
US labor market still tight; housing market slump persists
By Lucia Mutikani WASHINGTON The number of Americans filing new claims for unemployment benefits unexpectedly fell last week,
2023-07-21 01:22
We can't air-condition our way out of America's heat crisis
We can't air-condition our way out of America's heat crisis
Extreme heat in the summer has become America's brutal new reality. But local, state and federal aid programs and infrastructure to help people cool down haven't kept up with the country's record-shattering temperatures.
2023-07-21 00:45
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