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☆ 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

☆ Why is the Trump trial jury anonymous? What to know
▼ + stars: | 2024-04-18 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

RELATED: Full 12-person jury set for Trump trial after Thursday proceedings. Even the lawyers in that case weren’t permitted to know the identities of the jurors, a step further than the precautions in place for the Trump trial in New York. In this hyperconnected social media age, anonymity is hard to achieve. Meanwhile, a special hearing on whether Trump has violated a gag order for his continued social media attacks is set for next week. When anonymous juries go wrongMaybe Trump remembers one of the most infamous, anonymous jury incidents, featuring another famous New Yorker, the mob boss John Gotti.

Persons: Donald Trump, Trump, Leroy “ Nicky ” Barnes, Barnes, Jimmy Carter, Juan Merchan’s, Merchan, Jean Carroll, Barnes –, CNN’s Jeremy Herb, “, ” Merchan, ”, Jesse Watters, John Gotti, Gotti, Salvatore “ Sammy, Bull ” Gravano, George Pape, Pape, acquit Gotti, Alan Tuerkheimer, CNN’s Omar Jimenez, Max Organizations: CNN, Trump, The New York Times, Justice Department, Fox News, Liberal, Yorker, New York Times, Prosecutors Locations: New York, Puerto Rican

☆ Conservative activists reach $1 million settlement deal with New York AG for running a 2020 voter suppression campaign
▼ + stars: | 2024-04-09 | by ( Devan Cole | ) edition.cnn.com time to read: +3 min

CNN —Conservative activists Jacob Wohl and Jack Burkman have agreed to pay $1 million to the New York attorney general’s office and others for running a voter suppression campaign targeting Black voters during the 2020 election. If the pair “fail to pay at least $105,000 by December 31, 2024, and do not address the failure to pay within 30 days, the amount will increase to $1.25 million,” James’ office said. “Wohl and Burkman orchestrated a depraved and disinformation-ridden campaign to intimidate Black voters in an attempt to sway the election in favor of their preferred candidate,” James said in a statement. In 2022, an Ohio judge ordered the two men to spend 500 hours registering low- and middle-income voters in the Washington, DC, area after authorities in Ohio accused them of running a voter suppression campaign in multiple states. Other criminal charges against Wohl and Burkman are pending in Michigan.

Persons: Jacob Wohl, Jack Burkman, Letitia James, James ’, ” James ’, “, Burkman, ” James, ”, David Schwartz, robocalls “, Wohl Organizations: CNN — Conservative, New, Black, ”, Wohl, National Coalition, “, Federal Communications Commission Locations: New York, Ohio, Washington, DC, Michigan

☆ Why Wall Street's biggest wealth managers could face an avalanche of lawsuits thanks to one judge's ruling
▼ + stars: | 2024-04-05 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +10 min

The banks, in turn, make shareholders happy by reporting lower compensation costs since deferred compensation is marked as a liability. At Morgan Stanley, advisors forfeit this pay if they leave for another employer before four years of service. This ruling was used by a lawyer on another case, Alan Rosca, to secure a $3 million judgment against Morgan Stanley on March 25. In November, Morgan Stanley successfully fought off a class action attempt by 12 ex-Morgan Stanley advisors. Lawyers told Business Insider that the award and the ruling in Shafer v. Morgan Stanley will likely inspire more ex-advisors to sue.

Persons: —, Morgan Stanley, Morgan Stanley's, Alan Rosca, Cerulli, Rogge Dunn, Biden, Dunn, Goldman Sachs, Spencer Platt, Rosca, It's, Shafer, Judge Paul Gardephe, Meaghan VerGow, Pamela Miller, O'Melveny, Jack Edwards, Edwards, Street Former Morgan Stanley, Phil Waxelbaum, They've, you've, — Rosca, Waxelbaum, We're Organizations: Service, Wall, Business, Advisors, Biden Administration, FTC, Getty, Financial Industry Regulatory Authority, Street Former, Ajamie LLP, JPMorgan Locations: Cleveland, Dallas, New York, Shafer, Houston, Wells

☆ Sean ‘Diddy’ Combs is target of investigation carried out by Homeland Security team that specializes in human trafficking, source says
▼ + stars: | 2024-03-26 | by ( John Miller | Elizabeth Wolfe | Federal Authorities Swarmed Diddy S Homes | ) edition.cnn.com time to read: +5 min

CNN —Homes belonging to Sean “Diddy” Combs were searched by authorities Monday because he is a target of a federal investigation carried out by a Department of Homeland Security team that handles human trafficking crimes, according to a senior federal law enforcement official briefed on the investigation. Agents were authorized to search for documents, phones, computers and other electronic devices that hold data or videos, the second law enforcement source said. A law enforcement source earlier told CNN that Monday’s searches were related to an ongoing sex trafficking investigation. Law enforcement officers ride a vehicle near a property belonging to Sean "Diddy" Combs on Monday in Los Angeles. At least one armored law enforcement vehicle was seen arriving at the Los Angeles property, and agents were processing paperwork on card tables outside the Miami-area home.

Persons: Sean “ Diddy ” Combs, Combs, HSI, “, ” Combs, Sean, Diddy, Eric Thayer, Casandra “ Cassie ” Ventura, ” Ben Brafman, Mr, Ventura, ” Weeks, ”, videographer Rodney “, Rod ” Jones, Jones, Shawn Holley, Department of Homeland Security’s, –, CNN’s Josh Campbell, Holmes Lybrand, Elizabeth Wagmeister, Carlos Suarez Organizations: CNN, Homes, Department of Homeland Security, Southern, of, Miami, Star Island, Mobile, Star, Homeland Security, HSI –, Department of Homeland Locations: of New York, New York, Los Angeles, Miami, New York’s, Star

☆ New York AG questions Trump cash reserves as $464 million judgment looms
▼ + stars: | 2024-03-12 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Former President Donald Trump has not shown that he has enough cash to cover the full amount of a $464 million civil fraud judgment if he loses his appeal, New York's chief law officer warned in a court filing Monday evening. "Defendants have never demonstrated that Mr. Trump's liquid assets—which may fluctuate over time—will be enough to satisfy the full amount of this judgment following appeal," James told a New York appeals court. Without a full bond, the civil fraud defendants — Trump, his two adult sons, his company and its top executives — might also try to "evade" or exacerbate enforcement of the judgment if they lose the appeal, James warned. She urged the appeals court to reject Trump's bid to stay the judgment with a $100 million bond, less than a quarter of the total amount awarded by Manhattan Supreme Court Judge Arthur Engoron. Attorneys for Trump did not immediately respond to CNBC's request for comment on James' filing.

Persons: Donald Trump, Letitia James, Trump, James, E, Jean Carroll, — Trump, —, Arthur Engoron Organizations: U.S, Trump Organization, New York, Manhattan, Trump Locations: Manhattan, New York City, U.S, York

☆ George Santos sues Jimmy Kimmel, claiming he tricked him into making 'ridiculing' videos on Cameo
▼ + stars: | 2024-02-18 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +3 min

George Santos said Jimmy Kimmel "falsely represented" himself when requesting Cameo videos. AdvertisementFormer Rep. George Santos has alleged that Jimmy Kimmel deceived him into making videos on Cameo that were used to ridicule him on the late-night television host's eponymous talk show. Five of these appeared on episodes of "Jimmy Kimmel! AdvertisementAccording to Rolling Stone, the complaint states that Kimmel "chose the personal use licenses for all the Cameo Videos with the intention to violate such licenses by broadcasting and commercially exploiting the Cameo Videos on national television." "Could you imagine if I get sued by George Santos for a fraud," Kimmel said at the time.

Persons: George Santos, Jimmy Kimmel, Kimmel, Santos, —, Drew Angerer, Will Santos, Rolling Stone, Walt Organizations: Service, Court, Southern, of, Republican, AP News, Walt Disney Co, ABC, U.S, Capitol, Business, Congress, Santos Locations: of New York, Washington ,

☆ Fraud like nobody's watching: Trump was probed for 5 years, and still wouldn't clean up his act
▼ + stars: | 2024-02-18 | by ( Laura Italiano | ) www.businessinsider.com time to read: +11 min

Donald Trump's fraud verdict targets three things he values dearly: his cash, his New York business address, and the Trump Organization steering wheel. Otherwise, as Engoron noted in his verdict, Trump, his company, and his sons, Donald Trump Jr. and Eric Trump, "are likely to continue their fraudulent ways." In previous years, Trump has settled allegations of fraud involving the Trump Foundation, Trump University, and the 2017 Inaugural Committee, Amer pointed out in closings. The same day James concluded her initial investigation and filed her massive Trump fraud lawsuit, on September 21, 2022, Trump incorporated "Trump Organization II" in what her office worried was an attempt to shift and protect assets. Advertisement"In short," they added, Trump and Trump Organization leadership "have proven themselves incapable, time and again, of following the law."

Persons: Trump, Donald Trump's, —, he's, Letitia James, Arthur Engoron, James, he'll, Barbara Jones —, Judge Jones, Jones, Engoron, Donald Trump Jr, Eric Trump, Cushman, Trump's, Allen Weisselberg, Patrick Birney, Birney, Weisselberg, Donald, — Trump, Andrew Amer, Amer, — Jones, Jean Carroll, Kevin Wallace, Christopher Kise, Kise, She's Organizations: NY, Trump Organization, Trump, GOP, New York, Deutsche Bank, Mazars, Trump Org, Trump Foundation, Trump University, New, Independent Monitor Locations: New York, Mazars USA, Wakefield, Trump

☆ What about Don Jr.? What about Eric? Why Judge Engoron gave them lighter penalties than dad.
▼ + stars: | 2024-02-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Donald Trump, Jr., and Eric Trump are executive vice presidents at the Trump Organization. AdvertisementSince January of 2017, Donald Trump, Jr., and Eric Trump have run their father's real-estate empire as "co-CEOs," as lawyers for New York's attorney general like to call it. "I was focused on pouring concrete," Eric Trump had said in a pre-trial deposition, during which he pleaded the Fifth some 500 times. Like his little brother, Don Trump, Jr., was guarded when called to the witness stand. In the litigation with the New York attorney general's office, Eric Trump and Donald Trump, Jr. have been primarily represented by Clifford S. Robert.

Persons: Donald Trump , Jr, Eric Trump, Don Jr, Eric, —, Donald Trump Jr, Arthur Engoron, Trump, Donald Trump, KENA BETANCUR, Letitia James, Engoron, James, Andrew Amer, Amer, that's, It's, Whitley Penn, Don Trump, Jr, David Dee Delgado, Ivanka Trump, Allen Weisselberg, Jeff McConney —, Barron, Tiffany Trump, Clifford S, Robert Organizations: Trump Organization, Service, New, Trump, Getty, — Locations: New York, York, AFP, Springs

Elite Republican donors flocked to Ms. Haley last month in the hopes that she could be the candidate who could beat Mr. Trump. Representatives of Mr. Trump and Ms. Haley are also scheduled to meet soon with a group of Republican megadonors, seeking to win their favor. Mr. Biden has made clear that he also sees the contest as an opportunity to demonstrate party unity. Democrats have raised concerns about Mr. Biden underperforming in polls among Black voters in key states, particularly with men. Mr. Biden has also faced large protests and withering criticism from young Americans protesting the war in Gaza.

Persons: Nikki Haley, Donald J, Trump, Haley, she’ll, Republican megadonors, Biden, Mr Organizations: South Carolina, Haley’s, PAC, Elite, New Hampshire —, Mr, Republican, Palmetto State, Black Locations: New York, Florida, Iowa, New Hampshire, South Carolina, South, Palmetto, Gaza

☆ New York AG pushing for lifetime Trump ban cites Martin Shkreli ruling
▼ + stars: | 2024-01-23 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, exits court in New York, US, on Wednesday, Oct. 4, 2023. What does former President Donald Trump have in common with "Pharma bro" Martin Shkreli? A penchant for harshly trolling their enemies online and an attorney general who wants both of them banned for life from their preferred business. The ruling stemmed from an antitrust lawsuit James, the Federal Trade Commission, and six other states filed against Shkreli. James, in that case, asked Judge Arthur Engoron to ban Trump for life from the New York real estate industry and to bar his sons, Donald Trump Jr. and Eric Trump, from that sector for five years, along with fining them $360 million.

Persons: Martin Shkreli, Donald Trump, Pharma bro, Letitia James's, James, Judge Arthur Engoron, Donald Trump Jr, Eric Trump, Engoron, Colleen Faherty Organizations: Turing Pharmaceuticals AG, Pharma, New York, Shkreli, Trump, U.S, Circuit, New York federal, Federal Trade Commission, New Locations: New York, Manhattan, Fed

While vice presidential candidates typically aren't picked until after a candidate has locked down the nomination, Trump's decisive win in last week's Iowa caucuses and the departure of Florida Gov. That interest comes despite the fate of Trump’s first vice president, Mike Pence. Political Cartoons View All 253 ImagesThe Trump campaign has held several events in both Iowa and New Hampshire with high-profile surrogates. Tim Scott’s a very, very good dude and would make a great vice president,” he said. “I absolutely love what she did, this whole thing with the Harvard.”Ingrahm-Kelly, who is leaning toward voting for Trump on Tuesday, said she also likes the idea of another woman vice president.

Persons: Donald Trump’s, Elise Stefanik, Trump's, Ron DeSantis, Republicans covet, Trump’s, Mike Pence, Pence, Trump, Joe Biden’s, Stefanik, “, ”, I'd, I've, Sen, JD Vance, Kristi Noem, Kari Lake, Marjorie Taylor Greene, Vivek Ramaswamy, Tim Scott of, Donald Trump, Scott, Bret Baier, ” Jason Miller, —, wouldn't, backfiring, Vance, Nikki Haley, Kristi Noem’s, Tim Scott’s, Haley, Trump's “ MAGA, Donald Trump Jr, Sarah Huckabee Sanders, Tennessee Sen, Marsha Blackburn, Doug Burgum, Byron Donalds, Tucker Carlson, Susan Ingrahm, Kelly, ” Ingrahm Organizations: MANCHESTER, , New York, Florida Gov, Republican, Republicans, Trump, South Dakota Gov, Fox News, Press, ”, United States Senate, Arkansas Gov, Marsha Blackburn , North Dakota Gov, Florida Rep, Ivy League, Harvard Locations: N.H, Donald Trump’s New Hampshire, ,, Iowa, Stefanik, New Hampshire, Ohio, South, Arizona, Marjorie Taylor Greene of Georgia, Tim Scott of South Carolina, New York, Kingston, Concord, Arkansas, Marsha Blackburn ,, Bedford , New Hampshire

☆ At Trump's NY fraud trial, a rep for 'victim' Deutsche Bank wouldn't use the F-word — for fraud
▼ + stars: | 2023-11-29 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Trump's civil fraud trial, which could run him and Trump Org out of NY, is in its ninth week. A rep for Trump's biggest "victim," Deutsche Bank, testified Tuesday as an unlikely defense witness. AdvertisementDonald Trump's defense team tried to turn the tables at his civil fraud trial on Tuesday — calling a representative from his own biggest fraud victim, Deutsche Bank, to the witness stand in his defense. "We're expected to conduct due diligence and verify the information provided to the extent that's possible," the witness, Dave Williams, a Deutsche Bank managing director, told Trump's attorney Clifford Robert. Undaunted, Trump's side plans to continue Wednesday with direct examination of yet another Deutsche Bank official.

Persons: —, Donald Trump's, Trump, Letitia James, Dave Williams, Clifford Robert, Trump's, Williams, Sherief Gaber, Gaber, Arthur Engoron, Christopher Kise Jane Rosenberg, Christopher Kise, Kise, Kevin Wallace, general's, Eric Trump, Donald Trump Organizations: Trump Org, Deutsche Bank, Service, Trump, New, Trump Organization, Reuters Locations: NY, Miami, Chicago, Washington , DC, New York

☆ Morgan Stanley fined for putting customer personal data at risk in computer purge: New York AG
▼ + stars: | 2023-11-16 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

The settlement comes more than three years after Morgan Stanley notified the states' attorneys general of two incidents involving data security. Morgan Stanley as part of the settlement agreed to adopt provisions "that better protects the personal information of its consumers going forward," New York AG Letitia James ' office said. Some computers then ended up being auctioned off "while still containing consumers' personal information, including data belonging to 1.1 million New Yorkers," according to James' office. "In a second incident, Morgan Stanley discovered during a decommissioning process that 42 servers, all potentially containing unencrypted customer information, were missing," James' office said in a statement. An investigation found that Morgan Stanley failed to maintain proper controls for vendors and hardware inventory.

Persons: Morgan Stanley, New York AG Letitia James, James Organizations: New York AG, CNBC Locations: York, Connecticut, Florida , Indiana , New Jersey, Vermont

☆ Not a big ticket: Public stays away in droves as Donald Trump Jr. kicks off defense case at NY fraud trial
▼ + stars: | 2023-11-13 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Donald Trump, Jr. testified again in the NY fraud trial Monday – this time as a defense witness. Just four members of the public queued up to watch Donald Trump's namesake son testify as the first defense witness. AdvertisementAdvertisementDonald Trump, Jr. was in court Monday as his father's cheerleader-in-chief. When the judge told him, "Welcome back," Donald Trump, Jr. answered with a joke. "It was spectacular for quite some time," Donald Trump, Jr., said of Wollman Rink in Central Park, which the Trump Organization operated for the city from 1986 to 2021.

Persons: Donald Trump , Jr, —, Donald Trump's, Ralph Baker, Eric Trump, Letitia James, Trump, Clifford Robert, Colleen Faherty, Andrew Amer, Wollman Organizations: Service, Trump Organization, Yukon, Trump, Wollman Rink, Federal Reserve Locations: New York, Manhattan's, Klondike, Central Park, New York's Westchester County, New York City

☆ Chatty Trump, on the witness stand, is a tangent machine: 'Control him,' judge begs his lawyers
▼ + stars: | 2023-11-06 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

"Control your client," the judge told Trump's lawyer just a half-hour in. During heated exchanges that included the former president railing about the Democratic plot against him, the judge begged Trump's lawyers to control him. Within a half hour, the judge asked Trump's lead lawyer, Christopher Kise, for the first of three times to control him. Engoron asked. Engoron asked Trump's lawyer.

Persons: Donald Trump, Trump, —, Donald Trump's, Arthur Engoron, George Washington, Trump's, Christopher Kise, Alina Habba, Habba, Engoron, Kise, Wallace, Kevin C, Letitia James, James Organizations: Service, Democratic, New, Trump, New York, Deutsche Bank Locations: New York

In a courtroom sketch, Judge Lewis Kaplan watches as FTX founder Sam Bankman-Fried testifies earlier in his fraud trial. Photo: jane rosenberg/ReutersSam Bankman-Fried faced his biggest test in the legal hot seat Monday, grilled by a federal prosecutor who was intent on poking holes through the FTX founder’s claims that unfortunate management mistakes, not criminal activity, were to blame for the crypto exchange’s collapse. The fallen crypto star, testifying in his own defense in New York against fraud and other charges, began by confidently answering questions from his own lawyer, saying he had been honest with customers and investors and believed his business empire was in good financial shape. The trial proceedings shifted quickly after Assistant U.S. Attorney Danielle Sassoon began her cross-examination and sought to confront Bankman-Fried with a litany of his past public statements whose truthfulness she questioned.

Persons: Lewis Kaplan, Sam Bankman, Fried, jane rosenberg, Reuters Sam Bankman, Danielle Sassoon, Bankman Organizations: Reuters, U.S Locations: New York

☆ Michael Cohen dropped one big bombshell, but his testimony at the NY fraud trial was eclipsed by Trump
▼ + stars: | 2023-10-26 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

Michael Cohen finished testifying Wednesday, his second day on the stand at Trump's NY fraud trial. "No I did not," Cohen protested from the witness stand, in one of the rare moments that his voice rose to meet Habba's volume. Just after the lunch break, Trump was suddenly summoned to take the witness stand by the judge. Engoron found Trump's testimony – in which he swore under oath that he'd meant Cohen, not the clerk, was "partisan" – was "not credible." AdvertisementAdvertisementAnd Trump's testimony, not Cohen's, wound up the big story of the day.

Persons: Michael Cohen, Trump, Alina Habba, upstaged, —, Donald Trump's, Cohen, he'd, Habba, " Cohen, Emily Fox, Emily Jane Fox, Letitia James, James, Donald Trump , Jr, Eric Trump, Arthur Engoron, Trump's, Weisselberg, Clifford Robert, Robert, Donald Trump, Colleen Faherty, Engoron, o00 Organizations: Service, Trump White House, Trump, firebrand, York, longtime Trump Organization, New Locations: Manhattan, New York

☆ Gold scales 3-month peak as Middle East conflict lifts demand
▼ + stars: | 2023-10-20 | by ( ) www.cnbc.com time to read: +2 min

Gold prices hit a three-month high on Friday and were set for a second straight weekly gain, with demand bolstered by the Middle East conflict and expectations that the Federal Reserve's rate hikes are nearing an end. Spot gold was up 0.2% at $1,978.19 per ounce by 0542 GMT, after hitting its highest since July 20. "Gold prices were supported as fears of another Fed rate hike in 2023 subside. We remain neutral towards gold prices for 2023, expecting prices to average $1,950/oz," Fitch Solutions said in a note. Spot silver fell 0.4% to $22.94 per ounce, but was headed for a second weekly rise.

Persons: Kyle Rodda, Yoav Gallant, Jerome Powell, Wang Tao Organizations: Agosi AG, Capital.com, Israeli, Fitch Solutions, Economic, of New Locations: Pforzheim, Israel, Gaza

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew York AG sues Digital Currency Group, Genesis and Gemini, alleging fraud: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Paul Tuchmann of Wiggin and Dana shares his take on the performance of both prosecutors and the defense team in the trial of Sam Bankman-Fried.

Persons: explainers, Paul Tuchmann, Wiggin, Dana, Sam Bankman Organizations: New York AG, Digital Currency Group, Gemini, CNBC Crypto, CNBC

☆ New York AG demands evidence review after top Trump exec is accused of lying in fraud trial
▼ + stars: | 2023-10-19 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +5 min

New York Attorney General Letitia James' office suggested Thursday that the Trump Organization failed to produce evidence in the $250 million fraud trial of Donald Trump and his company, citing a recent report accusing a key witness of lying under oath. The attorney general's suit accuses Trump, his sons Donald Trump Jr. and Eric Trump, the Trump Organization and top executives of misstating the true values of properties to obtain tax advantages and better terms on loans and insurance. Wallace, in his letter, proposed that an independent monitor conduct a forensic review of electronic data held by the Trump Organization from August to September 2016. The alleged failure to produce those emails follows "multiple affidavits on behalf of the Trump Organization attesting to the completion of their production obligations," Wallace wrote. Weisselberg, who has been loyal to Trump, served jail time for tax fraud in a criminal case related to his work at the Trump Organization.

Persons: Allen Weisselberg, Donald, Letitia James, Donald Trump, Kevin Wallace, Judge Arthur Engoron, Trump's, Trump, Donald Trump Jr, Eric Trump, James, Wallace, Weisselberg, Forbes, Steven Ekovich, Engoron Organizations: New York, Trump Organization, Forbes Magazine, Forbes, Trump, Attorneys Locations: Manhattan, New York, Weisselberg, U.S

☆ Why Meta, X and TikTok face more pressure from Europe than the U.S. on Israel-Hamas war disinformation
▼ + stars: | 2023-10-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +6 min

Days after the Israel-Hamas war erupted last weekend, social media platforms like Meta , TikTok and X (formerly Twitter) received a stark warning from a top European regulator to stay vigilant about disinformation and violent posts related to the conflict. In that case, the AGs argued that the Biden administration was overly coercive in its suggestions to social media companies that they remove such posts. In the U.S., "we can't have government officials leaning on social media platforms and telling them, 'You really should be looking at this more closely. Under the DSA, large online platforms must have robust procedures for removing hate speech and disinformation, though they must be balanced against free expression concerns. A series of letters from New York AG Letitia James to several social media sites on Thursday exemplifies how U.S. officials may try to walk that line.

Persons: Thierry Breton, Breton, Elon Musk, Biden, David Greene, they're, Kevin Goldberg, Goldberg, Christoph Schmon, Greene, New York AG Letitia James, James Organizations: Digital Services, Republican, AGs, White, Federal Bureau of, Electronic Frontier Foundation Civil, Freedom, EFF, DSA, New York AG, Google, CNBC, YouTube, EU's, Twitter Locations: Israel, U.S, New, Europe

☆ Trump Org CFO Allen Weisselberg testifies it's a 'coincidence' that Trump is paying him $2 million severance
▼ + stars: | 2023-10-12 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Ex-Trump CFO Allen Weisselberg, a key fraud witness, resumed his trial testimony in NY on Thursday. His $2 million severance matches a fine he paid after keeping Trump safe in a 2022 tax-fraud trial. The witness, former Trump Organization CFO Allen Weisselberg, is almost half-way through collecting the installments of a two-year, $2 million severance package, testimony has already shown. after a New York trial in which a prosecutor accused him of shading the truth on Trump's behalf. The attorney general is seeking to bar Trump and Trump Organization from ever running a business in New York again.

Persons: Allen Weisselberg, Letitia James, Trump, —, general's, Donald Trump, Weisselberg, Louis M, Solomon, James, Jeffrey McConney, Arthur Engoron Organizations: Trump, Service, Trump Organization, Trump Org Locations: NY, York, Manhattan, Trump, New York

☆ The gag order in Trump's civil fraud case not surprising, legal expert says, but he's not likely to face a fine or jail time if he breaks it
▼ + stars: | 2023-10-04 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +5 min

The judge in Trump's civil fraud trial issued a gag order after Trump repeatedly attacked the court clerk. However, a legal expert told Insider Trump isn't likely to face those kinds of consequences. AdvertisementAdvertisementThe trial judge in the New York civil fraud case against former President Donald Trump on Tuesday issued a gag order against the former president after he repeatedly attacked the court clerk in social media posts. The gag order was issued in the $250 million civil fraud case in New York against Trump, in which Justice Engoron has already found that Trump deceived investors by falsely inflating his property values, committing years of fraud. The more Trump violates the rules, the more the judge has to act to maintain integrity and control," Alexander said.

Persons: Trump, —, Donald Trump, Arthur Engoron's, Chuck Schumer, Engoron, general's, Bernard Alexander, Alexander Morrison, Fehr, Alexander, Trump's Organizations: Service, Trump, Trump Organization, New Locations: New York, Los Angeles

☆ Trump and family deny responsibility for fudging Trump Org numbers in previously unseen deposition video shown by New York AG at trial
▼ + stars: | 2023-10-02 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementLawyers from the New York Attorney General's office confronted former President Donald Trump in court Monday, showing a previously unseen deposition video where he denies responsibility for the property valuations in his own company. Moments earlier, Kevin C. Wallace, the attorney general's office lawyer presenting the opening statement, had shown a different deposition video of Weisselberg. Another lawyer from the attorney general's office asked if he was familiar with GAAP. The juxtaposition got to the heart of New York Attorney General Letitia James's lawsuit against Trump, Eric Trump, Donald Trump Jr., Weisselberg, and executive Jeff McConney. Cohen is scheduled to testify as a witness against Trump later in the New York trial, which is set to last until December 22.

Persons: Donald Trump, Eric, Don Jr, Trump, —, Allen Weisselberg, Kevin C, Wallace, Weisselberg, Letitia James's, Eric Trump, Donald Trump Jr, Jeff McConney, Letitia James Getty, Jean Carroll, Michael Cohen, Cohen, James, Jason Miller, Steven Cheung, doze, Chris Kise, Arthur Egoron, who's, Arthur Engoron, Engoron Organizations: Service, New York Attorney, Trump Organization, Trump, York, New York, Wharton Locations: New York, Manhattan, Florida

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