DIRS.INFO The most relevant business & tech news

☆ Ashley Biden, in unsealed letter to judge, detailed ‘pain’ from diary theft
▼ + stars: | 2024-04-26 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Ashley Biden, the daughter of President Joe Biden, wrote a judge to say she would not attend the criminal sentencing earlier this month of the woman who stole her diary because "it would only increase my pain." The highly emotional letter was unsealed by U.S. District Judge Laura Taylor Swain more than three weeks after the judge sentenced Aimee Harris to one month in federal jail and three months of home detention. "My goal in asking Your Honor to impose a term of incarceration is to ensure that another woman isn't bullied and shamed like this ever again," Biden wrote. Biden also asked Swain to sentence the Florida resident to prison followed by a lengthy probation period, according to the letter unsealed Thursday in Manhattan federal court. Project Veritas did not publish the diary, but another right-wing outlet did, shortly before the 2020 presidential election, which Joe Biden won.

Persons: Ashley Biden, Joe Biden, Laura Taylor Swain, Aimee Harris, isn't, Biden, Harris, Swain, David McCaw, Robert Kurlander Organizations: U.S, The New York Times, Veritas, Project Veritas Locations: Angeles, Los Angeles, Florida, Manhattan

☆ Donald Trump set to receive $1.25 billion worth of Trump Media stock in DJT earnout bonus
▼ + stars: | 2024-04-22 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Former President Donald Trump is poised to receive an additional 36 million shares of Trump Media on Tuesday — an "earnout" bonus worth more than $1.25 billion, at Monday's price. The 36 million additional shares for Trump would be added to the 78.75 million shares he already owns, as the company's majority shareholder. When the earnout shares are added to his existing stock, Trump's total stake in Trump Media would be worth more than $4 billion on paper, at $35 a share. But since then, Trump Media's share price has plunged. By the close of trading on April 15, the share price had fallen nearly 68% from its opening price.

Persons: Donald Trump, Donald J, Trump Organizations: Trump Media, Trump, Trump Media's, Trump Media & Technology Group Corp Locations: New York City

☆ Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock
▼ + stars: | 2024-04-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Trump Media has warned the Nasdaq market of 'potential market manipulation' of the company's stock by "naked" short selling of shares. The warning came as Trump Media has offered shareholders detailed instructions on how to avoid someone loaning out their DJT shares to short sellers, who then execute trades betting that the price of the stock will fall. Trump Media CEO Devin Nunes, in his letter Thursday to Nasdaq CEO Adrena Friedman, did not directly accuse anyone in particular of naked short selling, which is the sale of stocks without first having borrowed such sales for that purpose. But Nunes, whose company owns the Truth Social app, pointed to circumstantial evidence, which included DJT being in early April the most expensive stock to short in the United States, which he said would give brokers "significant financial incentive to lend non-existent shares." Please check back for updates.

Persons: Devin Nunes, Adrena Friedman, Nunes, DJT Organizations: Trump Media, Nasdaq Locations: United States

Fire extinguishers (R) are left at the park across from Manhattan Criminal Court in New York City after a man reportedly set himself on fire during the trial of former U.S. President Donald Trump, in New York City on April 19, 2024. A man set himself on fire Friday outside of the New York courthouse where a jury was being picked for the criminal hush money trial of former President Donald Trump. NBC News reported that the man was in an area across from Manhattan Supreme Court that is cordoned off for protestors. Judge Juan Merchan had been scheduled to hold a hearing Friday afternoon on the admissibility of past conduct by Trump as evidence at the trial. On Tuesday, New York City Mayor Eric Adams was spotted just outside the building.

Persons: Donald Trump, Trump, Judge Juan Merchan, Eric Adams Organizations: Manhattan Criminal, NBC News, Manhattan Supreme, Flames, Trump, Brooklyn Bridge, CNBC, New York Police Department, New York City Locations: Manhattan, New York City, York, Brooklyn, New York

☆ Citadel Securities blasts Trump Media CEO Devin Nunes over DJT short selling letter
▼ + stars: | 2024-04-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

Al Drago | Bloomberg | Getty ImagesCitadel Securities ripped Trump Media CEO Devin Nunes on Friday for a letter he sent the Nasdaq Stock Market which mentioned Citadel Securities and other major market companies after warning of possible illegal short sale trading in DJT shares. "Devin Nunes is the proverbial loser who tries to blame 'naked short selling' for his falling stock price," said a spokesperson for Citadel Securities. Citadel Securities' founder and non-executive chairman Ken Griffin is a major donor to Republican candidates — among them the former GOP congressman Nunes. "If he [Nunes] worked for Citadel Securities, we would fire him, as ability and integrity are at the center of everything we do," the spokesperson added. "Data made available to us indicate that just four market participants have been responsible for over 60% of the extraordinary volume of DJT shares traded: Citadel Securities, VIRTU Americas, G1 Execution Services, and Jane Street Capital," Nunes wrote.

Persons: Devin Nunes, Al Drago, Ken Griffin, Nunes, Donald Trump, Pavlo Gonchar, Adena Friedman, Friedman Organizations: Truth, Conservative Political, Bloomberg, Getty, Citadel Securities, Trump Media, Nasdaq, Securities, GOP, Republican, CNBC, Lightrocket, Trump, Trump Media & Technology Group Corp, VIRTU, Jane Street Locations: National Harbor , Maryland, VIRTU Americas

☆ New York AG says $175 million Trump fraud bond isn't properly backed, should be voided
▼ + stars: | 2024-04-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Former President Donald Trump returns from a lunch break at Manhattan criminal court as jury selection continues in New York, NY on Thursday, April 18, 2024. The filing opposes a joint motion by Trump and KSIC to justify the insurer as the surety company holding the bond. Lawyers for AG Letitia James asked Judge Arthur Engoron to require Trump and other defendants to put up a replacement bond within seven days of ruling on the issue. Trump personally was ordered to pay $454 million in damages, an amount that is growing every day with interest. Trump was required under New York law to post a bond to guarantee the judgment as he appeals the decision.

Persons: Donald Trump, Trump, KSIC, AG Letitia James, Judge Arthur Engoron, Engoron Organizations: Manhattan, The New York Attorney, Knight Specialty Insurance, Trump, AG, Trump Organizations, New Locations: New York, NY, Manhattan

☆ New York jury convicts man in first-ever cryptocurrency market manipulation case
▼ + stars: | 2024-04-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

A New York federal jury on Thursday convicted a Puerto Rico man of a $110 million scheme that was the Department of Justice's first-ever cryptocurrency open-market manipulation case, prosecutors said. The man, 28-year-old Avraham Eisenberg of San Juan, faces a maximum possible sentence of 20 years in prison for the charges of wire fraud, commodities fraud, and commodities manipulation. Prosecutors said Eisenberg fraudulently obtained about $110 million worth of cryptocurrency from the Mango Markets exchange and its customers by artificially and dramatically driving up the price of both futures contracts and the MNGO crypto token, and then borrowing cryptocurrency based on the value of the inflated assets. "When Eisenberg borrowed and withdrew this cryptocurrency, he had no intention of repaying the borrowed funds but rather intended to steal those funds," the Manhattan U.S. Attorney's Office said in a statement when he was indicted in February 2023.

Persons: Avraham Eisenberg, Prosecutors, Eisenberg Organizations: Department of, Mango Markets, Manhattan U.S, Attorney's Locations: York, Puerto Rico, Department of Justice's, San Juan

☆ Trump Media shares soar in second day of strong gains for DJT stock
▼ + stars: | 2024-04-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

In this photo, a smartphone displays the logo of Donald Trump's Truth Social app on March 25, 2024. The share price of Trump Media soared by as much as 21% Thursday, before pulling back a bit in volatile trading. It was the second day in a row of strong gains for the owner of the Truth Social app. DJT shares rose above $31 in early trading, a bump that could squeeze short sellers who have made recent bets that the stock price would fall. Trump Media shares closed more than 15% higher on Wednesday afternoon.

Persons: Donald Trump's Organizations: Trump Media, Securities and Exchange Commission

☆ Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
▼ + stars: | 2024-04-18 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Trump Media is making a point of telling its shareholders how to prevent their stock from being loaned to short sellers — who bet the price of the shares will drop. "It certainly shows concern" about short selling of Trump Media stock, said Kevin Murphy, a business professor at the University of Southern California who is an expert on executive compensation. "I haven't seen it before," Murphy said when asked how common it is for companies to give shareholders instructions on how to thwart short sellers. "Managers who ... think the stock is undervalued aren't going to be overly concerned about short sellers," he said. Former President Donald Trump is by far the biggest shareholder in Trump Media, owning nearly 60% of its stock.

Persons: Kevin Murphy, Murphy, Trump, Donald Trump Organizations: Trump Media, Trump, University of Southern Locations: University of Southern California

☆ Trump Media shares rise more than 10% in early trading days of declines
▼ + stars: | 2024-04-17 | by ( Dan Mangan | ) www.cnbc.com time to read: 1 min

The price of Trump Media shares rose by more than 10% in early trading Wednesday. Trump Media, which owns the Truth Social app, closed more than 14% lower on Tuesday, and by more than 18% on Monday. Since then, the share price has plummeted. Even with the sharp rise early Wednesday, DJT was trading for less than $25 per share as of 10:04 a.m. Trump Media, whose market capitalization is more than $3.4 billion, had revenue of just $4.1 million last year.

Persons: DJT, Donald Trump Organizations: Trump Media, Nasdaq

☆ Biden says Trump 'doesn't deserve to be the Commander-in-Chief for my son'
▼ + stars: | 2024-04-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

President Joe Biden on Wednesday choked up as he blasted Donald Trump, saying the presumptive Republican presidential nominee "doesn't deserve to be the Commander-in-Chief for my son." "They asked him to go visit American grave sites. Because they were all suckers and losers," Biden said, citing the reports about Trump's rationale. That man doesn't deserve," Biden said, pausing for several seconds as he choked up before adding, "to be the Commander-in-Chief for my son." Beau Biden died in 2015, when his father was vice president in the administration of former President Barack Obama.

Persons: Joe Biden, Donald Trump, doesn't, Beau Biden —, Trump, Biden, Beau Biden, General's, Barack Obama, Trump's, John Kelly, Jeffrey Goldberg, Goldberg Organizations: Wednesday, Delaware Army National Guard, Democrat, United Steelworkers, General's Corp, National Guard, Guard, White House, CNN, U.S . Locations: Pittsburgh, Paris, Iraq, Aisne

☆ Trump Media shares fall more than 10%, company says Truth Social to launch TV streaming
▼ + stars: | 2024-04-16 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Trump Media shares fell by more than 10% on Tuesday morning after the company announced its Truth Social platform is moving to launch a live TV streaming platform. Earlier Tuesday, Trump Media in a press release said it "has finished the research and development phase of its new live TV streaming platform and will begin scaling up its own content delivery network." The company said it will roll out streaming content in three phases, the first of which will introduce Truth Social's content delivery network for streaming live TV to the app for Android, iOS and web. Phase two will release stand-alone Truth Social streaming apps for phones, tablets and other devices, while phase three will release such apps for home television, Trump Media said. "With our streaming content, we aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery service," Nunes said.

Persons: Donald Trump, Devin Nunes, Nunes, they'll Organizations: Trump Media, Trump, Corp Locations: New York

Former U.S. President Donald Trump attends a campaign event on April 02, 2024, in Grand Rapids, Michigan. Spencer Platt| Getty ImagesThe hush money trial of Donald Trump is set to kick off Monday in New York with jury selection, the first time a former U.S. president has ever faced a criminal trial. Trump's lawyers last week repeatedly sought to delay Monday's start date with last-ditch efforts in an appeals court, but those efforts all failed. Trump, who is the presumptive Republican presidential nominee, is charged with nearly three dozen counts of falsifying business records in Manhattan Supreme Court, where he will be required to be in the courtroom every day for the trial. Former attorney for former U.S. President Donald, Michael Cohen, leaves after attending the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, October 24, 2023.

Persons: Donald Trump, Spencer Platt, Trump, Attorney Alvin Bragg, Michael Cohen, Stormy Daniels, Cohen, Daniels, Donald Organizations: U.S, Getty, Manhattan, Attorney, Trump Organization, Court Locations: Grand Rapids , Michigan, New York, U.S, Manhattan, New York City

☆ New York tax preparer charged with causing more than $100 million in losses from fraudulent returns
▼ + stars: | 2024-04-15 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Damian Williams, U.S. Attorney for the Southern District of New York, speaks during a press conference in New York City, Sept. 22, 2023. A New York tax preparer was arrested Monday on charges related to causing "substantially" more than $100 million in tax losses through the filing of false returns — one of the largest tax frauds ever by a preparer, federal prosecutors said. The false information allegedly included bogus itemized deductions, fake capital losses, and phony business expenses and tax credits. ATAX New York grossed more than $15 million from 2016 through 2019, according to Thomas Fattorusso, the IRS special agent in charge of criminal investigations. Alvarez was the CEO, owner and manager of ATAX from 2010 through 2020, and the firm during that time prepared more than 90,000 income tax returns, according to prosecutors.

Persons: Damian Williams, preparer, Rafael Alvarez, Alvarez, Thomas Fattorusso, ATAX Organizations: Attorney, Southern, of, New, Manhattan U.S, ATAX New, IRS, Attorney's Locations: U.S, of New York, New York City, New York, York, Manhattan, ATAX, ATAX New York, United States, disgorgement

☆ Trump Media shares drop below $30, company sheds more than half of market cap since trading debut
▼ + stars: | 2024-04-12 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

The price of Trump Media shares fell below $30 in early trading Friday morning, which is more than $40 lower than what its shares first sold for when the social media company began public trading on March 26. The shares of Trump Media, which owns the Truth Social app, have dropped by more than 47% month-to-date, wiping out billions of dollars in the company's market capitalization. Trump Media last year had revenue of just $4.1 million, and reported a net loss of $58 million. A week ago, traders who wanted short Trump Media shares had to pay up to 900% in annual financing costs, meaning they would need a then-$30-per share drop within a month to break even on their trade, Dusaniwsky said. Since then, however, financing costs for short trades in Trump Media had sharply fallen, to 200%.

Persons: DJT, Donald Trump, Stormy Daniels, Ihor Dusaniwsky, Dusaniwsky Organizations: Trump Media, Trump, Partners Locations: Manhattan, DJT

☆ Trump Media shares close down by more than 5%, latest grim day for Truth Social owner
▼ + stars: | 2024-04-11 | by ( Dan Mangan | ) www.cnbc.com time to read: 1 min

In this articleThe share price of Trump Media fell 5.4% at the close of trading on Thursday. DJT shares, the majority of which are owned by former President Donald Trump, ended at $32.41. Thursday's drop came a day after Trump Media shares fell by 8.57%. The social media company's stock began public trading on Nasdaq on March 26 with an opening price of $70.90, and soared to a high of nearly $80 that day. But the share price has slumped since then.

Persons: DJT, Donald Trump Organizations: Trump Media, Nasdaq

☆ FTX founder Sam Bankman-Fried appeals fraud conviction, 25-year prison sentence
▼ + stars: | 2024-04-11 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, August 11, 2023. A lawyer for FTX founder Sam Bankman-Fried on Thursday filed a notice of appeal of his federal fraud and conspiracy conviction and his 25-year prison sentence. Bankman-Fried, 32, was convicted at trial in November of seven fraud and conspiracy counts related to misappropriating around $10 billion in customer money. The Manhattan U.S. Attorney's Office said Bankman-Fried oversaw a conspiracy that looted customer funds to make investments and fund political donations to Democrats and Republicans. He also used the swindled funds for personal expenses and to repay loans taken out by Alameda Research, prosecutors said.

Persons: Sam Bankman, Fried, Alexandra Shapiro Organizations: Alameda Research, Prosecutors, 2nd Circuit U.S, of Appeals, Circuit, U.S, Supreme, Manhattan U.S, Attorney's, Republicans Locations: New York, U.S, Manhattan

☆ Big donation to Rudy Giuliani defense fund is target of lawsuit alleging fraud by donor
▼ + stars: | 2024-04-11 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

There is no public evidence that Giuliani and Martorano know each other. Giuliani spokesman Ted Goodman, in an email to CNBC, said "This is a lawsuit unrelated to us." CNBC requested comment from lawyers for Martorano, his wife, and the other defendants in both the Georgia lawsuit and a federal civil racketeering and fraud lawsuit in California related to the alleged skincare cream scam. In her ruling, the judge wrote that the plaintiff "has shown by a preponderance of the evidence that Konnektive Defendants deceived banks and credit card companies." "The Konnektive software was designed specifically for the purpose of facilitating automated bank fraud," according to the federal suit.

Persons: Rudy Giuliani, Bonnie Cash, Rudy Giuliani's, Matthew Martorano, Giuliani, Donald Trump, Trump, —, Martorano, Kevin Kneupper, LeAnne Tan, Ted Goodman, Kathryn Martorano, Konnektive, Kneupper, San Diego judge's, Don Emmert Organizations: New York, U.S, Reuters, New York City, CNBC, La, Visa, Mastercard, Fulton County Superior Court, San Diego, Federal, New, Trump National Golf, AFP, Getty, Trump Save America, Save, Commission Locations: Washington , U.S, Georgia, Martorano, Fulton County, California, San Diego, San, New York, Bedminster , New Jersey

☆ Trump Media shares drop by more than 8%, putting market cap under $5 billion
▼ + stars: | 2024-04-10 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

The share price of Trump Media was down by more than 8% in midday trading Wednesday, putting the company's market capitalization below $5 billion. ET, well below the $70.90 that the stock opened trading at on March 26, its first day as a publicly traded company. The company's biggest shareholder is former President Donald Trump, who holds a nearly 60% stake in the company. Trump's shares were worth less than $2.8 billion in midday trading, a steep drop from the more than $5 billion in paper value they had two weeks ago. Trump Media, which owns the Truth Social app, reported revenue of just $4.1 million for 2023, and a net loss of $58 million for the year.

Persons: Donald Trump Organizations: Trump Media

☆ Woman who stole and sold Ashley Biden diary sentenced to month in jail and home detention
▼ + stars: | 2024-04-09 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Ashley Biden speaks alongside her father US President Joe Biden during a Juneteenth concert on the South Lawn of the White House in Washington, DC, US, on Tuesday, June 13, 2023. A Florida woman who stole and then sold a diary and other items belonging to Ashley Biden — the daughter of President Joe Biden — to a right-wing media group weeks before the 2020 election was sentenced Tuesday to one month in federal jail and three months of home detention. Prosecutors had asked that Harris be sentenced to between four to 10 months in jail, as recommended by federal sentencing guidelines. Although Swain gave Harris a lighter sentence than prosecutors wanted, she called Harris' conduct "despicable," according to the AP. Kurlander, who pleaded guilty at the same time as Harris did, currently is scheduled to be sentenced on Oct. 25 by Swain.

Persons: Ashley Biden, Joe Biden, Joe Biden —, Aimee Harris, Harris, Robert Sobelman, Laura Taylor Swain, Ashley Biden's, Biden, Biden's, Sobelman, Prosecutors, Swain, Ashley, Donald Trump, Robert Kurlander, Nicholas Biase, Anthony Cecutti, Kurlander, James O'Keefe, Judge Analisa Torres, Torres Organizations: White, U.S, Associated Press, AP, Palm Beach, Manhattan U.S, Attorney's, CNBC, Project Veritas, FBI, Veritas Locations: Washington , DC, Florida, U.S, Manhattan, Delray , Florida, Delray, , Florida, New York

☆ Trump Media payday: What Truth Social executives got paid in stock and compensation
▼ + stars: | 2024-04-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +12 min

Those thresholds for the share price are well below where Trump Media stock was trading on Monday, when it closed at $37.17, down more than 8%. The filing disclosed that Trump Media awarded company stock to Nunes, chief financial officer Phillip Juhan, and chief operating officer Andrew Northwall. The three top executives, like Trump himself, are currently barred from selling any of their common stock in Trump Media for the next six months. CNBC asked a spokeswoman for Trump Media why promissory notes were used to grant stock to the executives. Legal battlesBesides Trump, the biggest shareholders in Trump Media are two corporate entities.

Persons: Dado Ruvic, Donald Trump, Devin Nunes, Trump, Kevin Murphy, Murphy, Nunes, Phillip Juhan, Andrew Northwall, Juhan, Northwall, DWAC, we've, Tom Williams, Kash Patel, Patel, Dan Scavino, Scavino, Department of Defense Kash Patel, Justin Sullivan, Sandro De Moraes, Vladimir Novachki, Scott Glabe, Novachki, Glabe, De Moraes, Eric Swider, beneficially, Renatus, Swider, Andy Litinsky, Wes Moss, Moss, Patrick Orlando, Mike Pont Organizations: Trump Media, Trump . Trump Media, Nasdaq, Corp, Trump, University of Southern, Securities and Exchange Commission, DWAC, SEC, CNBC, Partners, Northwall, Juhan, Trump Media's, U.S, Capitol, CQ, Inc, Getty, Equity, Messrs, Republican, Hudson Digital, Trump White House, Staff, Department of Defense, Digital, Renatus, ARC Global, United Atlantic Ventures, Twitter, Facebook, NBC, FilmMagic Locations: Juhan, California, Minden, Minden , Nevada, Orlando, New York City

☆ Trump Media stock closes down more than 8% to open the trading week
▼ + stars: | 2024-04-08 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

The share price of Trump Media stock closed at $37.17 Monday, an 8.43% drop, leaving its market capitalization hovering just above $5 billion. DJT's bleak start to the trading week on the Nasdaq stock exchange came on the heels of a 12% decline in its share price on Friday. Trump Media's market cap, which had hit around $8.4 billion after it began trading in late March, ended Monday at $5.08 billion. Trump personally owns 78.75 million shares of its stock, which was worth about $2.93 billion at Monday's close, on paper at least. Trump stands to receive another 36 million shares of DJT if the stock hits certain share price benchmarks over the next three years.

Persons: Donald Trump, Trump Organizations: Trump Media, Nasdaq, Trump Locations: DJT

In this photo illustration, an emergency alert is displayed from the national Emergency Broadcast System warning of an earthquake in the area on April 5, 2024 in New York City. Earthquakes of Friday's magnitude are relatively rare in the northeastern U.S., and the intensity and duration of Friday's quake startled people across the region. The National Tsunami Warning Center said there was no danger of a tsunami on the East Coast after the quake. The USGS said there was a 46% likelihood of another earthquake of magnitude 3.0 or greater in the next week. The Federal Aviation Administration inspected runways at the three major airports in New York City and Newark, New Jersey.

Persons: @NYSE, CNBC's Carl Quintanilla, X Organizations: . Geological Survey, Earthquakes, New York Stock Exchange, State, Tsunami Warning, Federal Aviation Administration, Newark Liberty International, United Airlines Locations: New York City, Allentown , Pennsylvania, Whitehouse, New Jersey, Boston, Baltimore, U.S, New York, Manhattan, East Coast, Newark , New Jersey, Newark, JFK, LaGuardia, Philadelphia

☆ Georgia inmate serving life mailed bombs from prison to D.C. office building, Alaska court, feds charge
▼ + stars: | 2024-04-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

A man serving a life sentence for kidnapping and other crimes while in a Georgia prison built two bombs which he mailed to a District of Columbia office building and the federal courthouse and building in Anchorage, Alaska, prosecutors allege. The bomb that went to Washington, D.C., was mailed to the Bond Building, whose office tenants include the Department of Justice. "Protecting our personnel and facilities is a fundamental role of our office and of our law enforcement partners," said U.S. Attorney Jill Steinberg, whose office is prosecuting Cassady. Barry Paschal, a spokesman for the U.S. Attorney's Office, declined to comment when asked to explain the more than four-year lag between Cassady allegedly mailing the bombs, and being charged in the case. Paschal said he could not comment on details of the case beyond those contained in the indictment.

Persons: David Cassady, Cassady, Jill Steinberg, Barry Paschal, Paschal Organizations: Columbia, Washington , D.C, Bond, Department of Justice, U.S, Attorney's, DOJ Locations: Georgia, Anchorage , Alaska, Tattnall County, U.S, Statesboro , Georgia, Washington ,, United States, Anchorage

☆ Trump Media is 'a scam' and people buying its stock are 'dopes,' Barry Diller says
▼ + stars: | 2024-04-04 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Trump Media is "a scam," and people buying its high-flying stock are "dopes," IAC and Expedia Chairman Barry Diller said Thursday in a scathing takedown of the social media company whose majority shareholder is former President Donald Trump. "I mean, it's ridiculous," Diller said on CNBC's "Squawk Box" when asked about Trump Media. When Trump Media began trading last week with the ticker DJT, its share price rocketed up about 50% to close to $80 before settling down. As of Thursday morning, Trump Media shares were selling for nearly $47. Trump Media on Monday reported it had net losses of $58 million in 2023.

Persons: Barry Diller, Donald Trump, Diller, Trump Organizations: Trump Media, IAC, CNBC

Search resuls for: "Dan Mangan"

25 mentions found