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☆ 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

NEW YORK (AP) — Sam Bankman-Fried co-founded the FTX crypto exchange in 2019 and quickly built it into the world's second most popular place to trade digital currency. Prosecutors soon charged Bankman-Fried with misappropriating billions of dollars in FTX customer deposits. As Alameda piled up losses during a cryptocurrency market decline, prosecutors said Bankman-Fried directed funds to be moved from FTX’s customer accounts to Alameda to plug holes in the hedge fund’s balance sheet. Photos You Should See View All 60 ImagesWHAT DOES BANKMAN-FRIED SAY? THE VERDICTBankman-Fried was convicted in November 2023 of two counts of wire fraud conspiracy, two counts of wire fraud, one count of conspiracy to commit money laundering, conspiracy to commit commodities fraud and conspiracy to commit securities fraud.

Persons: Sam Bankman, FTX, Fried Organizations: Prosecutors, Alameda Research, Alameda Locations: Alameda

☆ Malaysian lawmaker found guilty of corruption by high court - Bernama
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

KUALA LUMPUR, Nov 9 (Reuters) - A Malaysian lawmaker from a youth-based party that pulled out of the ruling coalition over graft concerns has been found guilty of corruption by the Kuala Lumpur High Court, state news agency Bernama reported on Thursday. He was found guilty on four charges of criminal breach of trust, misappropriation of property and money laundering. The former youth and sports minister, had been charged over abetting a former official of the Bersatu party in misappropriating 1 million ringgit ($213,675.21) in funds for the party's youth wing. Syed Saddiq was formerly the head of Bersatu's youth wing but left the party to form his own party, MUDA, in 2020. ($1 = 4.6800 ringgit)Reporting by Danial Azhar; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

Persons: Bernama, Syed Saddiq Syed Abdul Rahman, Anwar Ibrahim's, Bersatu, Syed Saddiq, Danial Azhar, Kanupriya Kapoor Organizations: Malaysian, Court, Malaysian United Democratic Alliance, Thomson Locations: KUALA LUMPUR, Kuala Lumpur, misappropriating, MUDA

☆ Malaysian Lawmaker Found Guilty of Corruption by High Court - Bernama
▼ + stars: | 2023-11-08 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

KUALA LUMPUR (Reuters) - A Malaysian lawmaker from a youth-based party that pulled out of the ruling coalition over graft concerns has been found guilty of corruption by the Kuala Lumpur High Court, state news agency Bernama reported on Thursday. He was found guilty on four charges of criminal breach of trust, misappropriation of property and money laundering. The former youth and sports minister, had been charged over abetting a former official of the Bersatu party in misappropriating 1 million ringgit ($213,675.21) in funds for the party's youth wing. The offence was alleged to have taken place in March 2020 when Bersatu was in power. Syed Saddiq was formerly the head of Bersatu's youth wing but left the party to form his own party, MUDA, in 2020.

Persons: Bernama, Syed Saddiq Syed Abdul Rahman, Anwar Ibrahim's, Bersatu, Syed Saddiq, Danial Azhar, Kanupriya Kapoor Organizations: Reuters, Malaysian, Court, Malaysian United Democratic Alliance Locations: KUALA LUMPUR, Kuala Lumpur, misappropriating, MUDA

☆ Jurors are deliberating on Sam Bankman-Fried's fate. Here's what they'd have to agree on to convict the FTX founder.
▼ + stars: | 2023-11-02 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Prosecutors charged him with money laundering and conspiring to defraud FTX and Alameda customers, investors, and lenders. Here's a breakdown of the seven charges jurors are considering. AdvertisementAdvertisementProsecutors allege he stole money from customers of FTX, the exchange, and used the funds for trades, investments, and property purchases through Alameda Research. AdvertisementAdvertisementIn addition to the criminal counts in this trial, Bankman-Fried faces another set of charges related to allegedly illegal campaign contributions. AdvertisementAdvertisementBeyond the criminal charges, Bankman-Fried has a slew of other legal problems, including negotiations over FTX's bankruptcy and civil lawsuits from regulators and investors who claim they were defrauded.

Persons: Sam Bankman, FTX, —, Fried, Lewis Kaplan, — Prosecutors, Caroline Ellison, it's, Kaplan, he's Organizations: Prosecutors, Service, Alameda Research, Bowl, — Locations: Alameda, Manhattan, Bahamas, FTX

WASHINGTON (AP) — Before House Speaker Mike Johnson was elected to public office, he was the dean of a small Baptist law school that didn't exist. “The law school deal was really an anomaly. As dean of the proposed law school, Johnson embarked on a major fundraising campaign and described a big-dollar event in Houston with former Arkansas Gov. Bobby Jindal and Pressler, according to an account Johnson wrote in a 2011 alumni magazine. Meanwhile, the historic former federal courthouse in Shreveport that was selected as the law school’s campus required at least $20 million in renovations.

Persons: Mike Johnson, Johnson, Kevin McCarthy, It's, “, ”, Gene Mills, Johnson's, ” J, Michael Johnson, Southern Baptist Convention luminary, Tony Perkins, Jerry Falwell, “ I’m, Joe Aguillard, Mike Huckabee, Bobby Jindal, Aguillard, “ Mike, Gilbert Little, ” Johnson, Perkins, Little, Barack, Kelly, Kelly Johnson, Louis “ Woody ” Jenkins, Jenkins, Democrat Mary Landrieu, Moon Griffin, Eugene Mills, Mills, ” Mills, Johnson’s, George W, Bush’s, it’s, Lamar White Jr, Lamar, Richard Lardner, Trenton Daniel Organizations: WASHINGTON, Paul Pressler School of Law, Louisiana College, Louisiana Christian University, Republican House, Southern Baptist Convention, Family Research, Southern Poverty Law, Liberty University, Daily, ”, Arkansas Gov, Louisiana Gov, Freedom Guard, Southern Baptist Conference, Shreveport Times, ABC News, Louisiana State University, Democrat, Louisiana Family, Alliance Defense Fund, Alliance Defending, ADF, CNN, Democratic, Civil, Associated Press Locations: Louisiana, Washington, Alexandria , Louisiana, Houston, Pressler, Africa, Shreveport, Shreveport , Louisiana, everyone’s, America, New Orleans, Texas, Orleans Parish, Trump’s, Baton Rouge, New York

☆ Spora Health's founder painted a rosy portrait of his healthcare startup. The reality is more complicated.
▼ + stars: | 2023-10-30 | by ( ) www.businessinsider.com time to read: +14 min

The way Dan Miller told it, his startup Spora Health was crushing it, providing high-quality care to "thousands" of people online. The startup had secured at least one big contract, with Apple, according to three former Spora employees and another source close to Spora. Four of them told Insider they either no longer worked with Spora or hadn't seen Spora patients in a year. Two doctors listed on Spora's website as "featured Spora providers" also told Insider that they no longer worked for the startup. Another former clinician said she only ever treated a handful of Spora patients.

Persons: Dan Miller, Miller, Spora, it's, UnitedHealthcare, Aetna didn't, paychecks, hadn't, he's, It's, —, we've, " Miller, Shelby Livingston, Rob Price, Emmalyse Brownstein, Ryan Pickrell, Gloria Dawson, Stephanie Hallett, Alcynna Lloyd, Hayley Peterson Organizations: Company, TechCrunch, Spora, US Securities and Exchange Commission, Apple, Aetna, Stanford Graduate School of Business, Human Ventures, MaC Venture, SEC Locations: Spora, Level's, slivingston@insider.com

☆ A judge said he was 'flabbergasted' by a 'frankly childish' dispute between 2 New York property bosses
▼ + stars: | 2023-09-24 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

The cofounders of Arch Companies tried to fire each other amid accusations of misappropriating funds. "I'm really kind of flabbergasted by this," said a New York judge in response to their spat. "I'm really kind of flabbergasted by this," New York Judge Joel Cohen said of the firing at a recent hearing, The Real Deal reported. Nonetheless, the judge maintained in a hearing earlier this week that the two "seem to me to be frankly childish." Arch Companies did not immediately respond to a request for comment from Insider, made outside normal working hours.

Persons: Jeffrey Simpson, Jared Chassen, Simpson, Chassen, NurPhoto, Oak, JJ Arch, Joel Cohen Organizations: Arch Companies, Service, Companies, Simpson, York Locations: New York, Wall, Silicon, York, Greenwich, SoHo , Brooklyn, Queens, Toronto, Simpson

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsWASHINGTON, Sept 19 (Reuters) - A former Deutsche Bank (DBKGn.DE) investment banker, who was charged in April with misappropriating funds from investors he wooed with promises of big returns from cryptocurrency trading, pleaded guilty on Tuesday, the U.S. Justice Department said. Rashawn Russell faces up to 30 years in prison when sentenced, the Justice Department said in a statement. As part of his plea agreement, Russell will be required to pay restitution in the amount of more than $1.5 million. Russell was an investment banker from July 2018 through November 2021 at a financial institution that was not identified in his indictment. His LinkedIn profile stated that he became a Deutsche Bank investment banking analyst in July 2018 and was promoted to associate in July 2020.

Persons: Dado Ruvic, Rashawn Russell, Russell, Breon, Deutsche, Kanishka Singh, Lincoln Organizations: REUTERS, Rights, Deutsche Bank, U.S . Justice Department, Justice Department, United, Prosecutors, U.S, Thomson Locations: Washington

☆ FTX accuses Sam Bankman-Fried's mother of being key advisor to son on political contributions
▼ + stars: | 2023-09-19 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

The complaint, filed on Monday by the now-bankrupt crypto exchange FTX, accuses Barbara Fried of being a "point person" for her son Bankman-Fried's "political contribution strategy." Attorneys for Fried and her husband, Sam Bankman, told CNBC that "these [FTX] claims are completely false." Fried, according to the FTX complaint, described "herself as Bankman-Fried's 'partner in crime of the noncriminal sort.' In 2021, it received a $1 million donation in the name of former FTX director of engineering Nishad Singh, according to Federal Election Commission records. That contribution may not have been from Singh himself, but instead, from Bankman-Fried, according to the complaint.

Persons: Barbara Fried, FTX, Sam Bankman, Bankman, Fried, Nishad Singh, Singh, Sam, MTG, dunning, backstop Organizations: Manhattan Federal Court, Group, CNBC, Bankruptcy, Stanford Law, FTX Group, Commission, FTX Locations: New York City, U.S, Delaware, Fried, Manhattan, Bankman

[1/4] Joseph Bankman, father of Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, leaves the courthouse, after U.S judge revoked Bankman-Fried's bail, in New York, U.S., August 11, 2023. FTX, now being led by turnaround specialist John Ray, said that company founder Sam Bankman-Fried ran FTX as a "family business" and misappropriated billions in customer funds for the benefit of a small circle of insiders, including his parents. Sam Bankman-Fried has pleaded not guilty to charges that he defrauded FTX customers by using their funds to prop up his own risky investments. Bankman and Fried also pushed FTX to make tens of millions of dollars in charitable contributions, including to Stanford University, FTX said. FTX has recovered more than $7 billion in assets to repay customers, and it is pursuing additional recoveries through lawsuits against FTX insiders and other defendants that received money from FTX before it went bankrupt.

Persons: Joseph Bankman, Sam Bankman, Eduardo Munoz, Stanford, Barbara Fried, John Ray, Fried, Sean Hecker, Michael Tremonte, Joe, Barbara, " Hecker, Tremonte, Bankman, FTX, Dietrich Knauth, Nick Zieminski Organizations: REUTERS, Monday, Stanford University, Stanford Law School, Thomson Locations: New York, U.S, Bahamas, FTX

☆ Liberia opposition leader Boakai opens bid to beat President Weah
▼ + stars: | 2023-09-17 | by ( Alphonso Toweh | ) www.reuters.com time to read: +2 min

[1/4] People gather as opposition leader Joseph Boakai launched his campaign ahead of October elections, in Monrovia, Liberia September 17, 2023. "We thought he (Weah) was going to bring the change he promised, but nothing," said businesswoman Martha Gould. An error in the accounting of fuel supplies in state-run tanks left Liberia short on gasoline in 2020, causing panic at the pumps. Still, it remains to be seen if Boakai and his Unity Party can turn the tide. Weah remains popular across much of the country, and the economy grew nearly 5% last year, driven by gains in agriculture and mining, the World Bank says.

Persons: Joseph Boakai, Carielle, George Weah, Joe, Martha Gould, Weah, Nathaniel McGill, Boakai, Edward McAllister, Christina Fincher Organizations: Reuters, Rights, Liberian, Unity Party, Bank, Thomson Locations: Monrovia, Liberia, Rights MONROVIA, Liberia's, United States

☆ Real-estate crowdfunding is a house of cards. PeerStreet's bankruptcy reveals why.
▼ + stars: | 2023-09-14 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +21 min

Like many PeerStreet investors who spoke with Insider, Mincher has a strong résumé. Another form of crowdfunding, equity crowdfunding, works a bit like the stock market without the onerous and expensive process of initial public offerings. The PeerStreet investors who spoke with Insider said the outcome of this case could determine whether they stick with real-estate crowdfunding. Others, such as Fundrise, have moved away from crowdfunding in favor of a model for private real-estate investment trusts, similar to the BREIT later offered by Blackstone. Fritton, the former Patch of Land CEO, said Fundrise's fund model was the wave of the future for real-estate crowdfunding.

Persons: Michael Burry, Christian Bale, Burry's, Crowdfunding, Burry, Andreessen Horowitz, they're, Braun Mincher, PeerStreet, who've, Judge Laurie Selber Silverstein, Brew Johnson, he's, Braun, Mincher, —, it's, Michael Burry Astrid Stawiarz, Ian Ippolito, Ippolito, John McNellis, PeerStreet Ippolito, McNellis, El, Marc Andreessen, Phil McCarten, Silverstein, wouldn't, Sean Quinn, Doug Lyon, Lyon, that's, Jason Fritton, Kirk Brett, there's, Brett, iFunding, CrowdStreet, Nightingale's Elie Schwartz, Nightingale, Schwartz, Yieldstreet, Fritton Organizations: CNBC, Main, PeerStreet, Facebook, McNellis Partners, Funding Trust, Fairfield University, Magnetar, Adler, Securities and Exchange Commission, Department of Justice, Securities, Exchange Commission, SEC, Investors, Blackstone Locations: Delaware, El Segundo , California, crowdfunding, There's

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsWASHINGTON, Sept 6 (Reuters) - The office of U.S. Trade Representative Katherine Tai on Wednesday further extended China "Section 301" tariff exclusions on 352 Chinese import and 77 COVID-19-related categories till Dec. 31 that were set to expire on Sept. 30. THE TAKEThe import tariff exclusions include industrial components such as pumps and electric motors, some car parts and chemicals, bicycles and vacuum cleaners. The COVID-related exclusions include medical products like face masks, examination gloves and hand sanitizing wipes. * The Trump administration had used Section 301 of the Trade Act of 1974, a statute aimed at combating trade partners' unfair practices, to launch the China tariffs. * China last week urged Chinese companies investing in the U.S. to be given "equal treatment" and called U.S. 301 tariffs on Chinese imports "discriminatory," when Raimondo visited Beijing.

Persons: Katherine Tai, Gina Raimondo, Rebecca Cook, Donald Trump, Trump, Raimondo, Kanishka Singh, Jonathan Oatis, Josie Kao Organizations: . Trade, U.S . Commerce, Detroit , Michigan U.S, REUTERS, Rights, . U.S . Commerce, U.S, misappropriating, Trade, Thomson Locations: U.S, Detroit , Michigan, China, ., misappropriating U.S, Beijing, Taiwan, Washington

☆ Zuckerberg dismisses Musk for avoiding cage fight: 'It’s time to move on'
▼ + stars: | 2023-08-13 | by ( Julianne Mcshane | ) www.cnbc.com time to read: +3 min

The long-hyped possibility of a cage match between tech titans Mark Zuckerberg and Elon Musk appears to be no more, after Zuckerberg dismissed Musk for allegedly delaying their anticipated showdown in the ring. But in his latest comments on the matter, Zuckerberg said that while he was ready to fight, Musk kept coming up with reasons he couldn't. Musk previously claimed he may need surgery before fighting his rival. Shortly after, in responding to an X user who joked about Zuckerberg being trained in the Brazilian combat sport of jiujitsu, Musk responded, "I'm up for a cage match if he is lol." Musk and Zuckerberg are the second and 16th richest people on the planet, respectively, according to Forbes' most recent list of billionaires.

Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Musk, Elon isn't, Dana White, Elon, Meta, Andy Stone, — that's, Forbes Organizations: Facebook, Meta, Twitter, Las, New York Times, UFC, TMZ Locations: Las Vegas, Palo

☆ Nigeria's Tinubu appoints investigator to probe central bank
▼ + stars: | 2023-07-30 | by ( ) www.reuters.com time to read: +1 min

[1/2] Nigeria's Central Bank Governor Godwin Emefiele briefs the media during the MPC meeting in Abuja, Nigeria January 24, 2020. REUTERS/Afolabi SotundeCompanies Tinubu Square Sa FollowABUJA, July 30 (Reuters) - Nigeria's President Bola Tinubu has appointed a financial watchdog to investigate the central bank, weeks after he suspended its governor, a copy of a letter from the president showed on Sunday. Tinubu on June 9 suspended Godwin Emefiele, who was then detained by state security agents for allegedly misappropriating funds and a "criminal breach of trust." In a letter dated July 28, Tinubu appointed the chief executive of Nigeria's Financial Reporting Council as special investigator of the Central Bank of Nigeria (CBN) and other government-owned entities. The investigator was to "provide a comprehensive report on public wealth currently in the hands of corrupt individuals and establishments."

Persons: Nigeria's Central Bank Governor Godwin Emefiele, Bola Tinubu, Tinubu, Godwin Emefiele, Dele Alake, Felix Onuah, MacDonald Dzirutwe, Christina Fincher Organizations: Nigeria's Central Bank Governor, MPC, REUTERS, Nigeria's, Central Bank of Nigeria, Thomson Locations: Abuja, Nigeria, ABUJA

☆ OpenAI lawsuit: Maker of ChatGPT sued over alleged data usage
▼ + stars: | 2023-06-28 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +2 min

CNN —OpenAI, the company behind the viral ChatGPT tool, has been hit with a lawsuit alleging the company stole and misappropriated vast swaths of peoples’ data from the internet to train its AI tools. The proposed class action lawsuit, filed Wednesday in a California federal court, claims that OpenAI secretly scraped “massive amounts of personal data from the internet,” according to the complaint. Microsoft, a major investor into OpenAI, was also named as a defendant in the suit and did not immediately respond to a request for comment. It also seeks payments of “data dividends” as financial compensation to people whose information was used to develop and train OpenAI’s tools. OpenAI publicly launched ChatGPT late last year, and the tool immediately went viral for its ability to generate compelling, human-sounding responses to user prompts.

Persons: CNN — OpenAI, OpenAI, “, ”, Timothy K, Giordano Organizations: CNN, Microsoft, Clarkson Locations: California, OpenAI

☆ Fact Check-No charges against FTX ex-CEO Sam Bankman-Fried dropped as of June 22
▼ + stars: | 2023-06-22 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

As of June 22, 2023, none of the 13 charges against Bankman-Fried have been dropped by federal prosecutors in Manhattan. Bankman-Fried faces a 13-count indictment for allegedly scheming to defraud FTX investors. Federal prosecutors in Manhattan said those five charges would be dropped if the Bahamas did not consent to them. In mid-June, noting that it was unclear when the Bahamas would consent, prosecutors supported the separate March 2024 trial for the additional charges (here). None of the 13 criminal charges against FTX Founder Sam Bankman-Fried have been dropped as of June 22, 2023.

Persons: Sam Bankman, District Judge Lewis Kaplan, ’, Fried, Read Organizations: Bankman, District, Biden, Facebook, U.S, Prosecutors, Republicans, Reuters, FTX Locations: Manhattan, U.S, Palo Alto , California, Bahamas

☆ A radio host is suing OpenAI for defamation, alleging that ChatGPT created a false legal document that accused him of 'defrauding and embezzling funds'
▼ + stars: | 2023-06-09 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

A radio host is suing OpenAI, alleging that ChatGPT generated a fake legal complaint about him. The bot falsely identified Mark Walters in a case he had no involvement in, court documents said. ChatGPT told an editor Walters was accused of defrauding and embezzling funds, the documents added. A radio host is suing OpenAI for defamation, alleging that ChatGPT created a fake legal complaint about him. The bot falsely identified Walters as involved in the case and said he was accused of "defrauding and embezzling funds," per court documents.

Persons: OpenAI, ChatGPT, Mark Walters, Walters, Fred Riehl, Riehl, Bob Ferguson Organizations: Amendment, SAF, Bloomberg Law, OpenAI Locations: Georgia, Washington

The "Dana Desa" village fund introduced by President Joko Widodo in 2015 and valued at $4.7 billion this year has long been criticised as prone to corruption. "So it's reasonable if the use of the village fund is somewhat loose and anyone can do what they want with it." ILLEGAL ARMSIt is unclear how much of the $337 million in village funds allocated for the Papua region in 2023 is being diverted into arms. "I have never seen a project funded by the village fund, not at all," said Bernadus Kobogau, a tourism official in Intan Jaya. In Papua's highlands, village funds are treated like a "revolutionary tax", he said, commandeered either via intimidation and coercion, or given willingly by supporters of independence.

Persons: Dana, Joko Widodo, Phillip Mehrtens, Ignatius Benny Ady Prabowo, Dana Desa, Faizal Ramadhani, Sebby Sambom, Bernadus Kobogau, Deka Anwar, Anwar, Latifah Anum Siregar, makan tuan, Stefanno Sulaiman, Lincoln Organizations: Reuters, Indonesia Corruption Watch, West Papua National Liberation Army, Free Papua Movement, Institute for, Democracy Alliance for Papua, Thomson Locations: JAKARTA, Indonesian, Papua, New Zealand, Jakarta, Indonesia, Nduga, Intan Jaya, Nabire

☆ US blocks ex-Haitian PM Lamothe from entering country, citing corruption
▼ + stars: | 2023-06-03 | by ( ) www.reuters.com time to read: +2 min

PORT-AU-PRINCE, June 2 (Reuters) - The United States on Friday blocked former Haitian Prime Minister Laurent Lamothe from entering the United States over what Secretary of State Antony Blinken said was his "involvement in significant corruption." "This action renders Lamothe generally ineligible for entry into the United States," the State Department said. In its statement, the State Department accused Lamothe of misappropriating "at least $60 million from the Haitian government's PetroCaribe investment and social welfare fund for private gain." Canada sanctioned Lamothe last November alongside Martelly and another former prime minister, Jean Henry Ceant, as part of measures targeting alleged backers of armed gangs in the country. The current caretaker government of Prime Minister Ariel Henry requested last October an international strike force to help restore order.

Persons: Laurent Lamothe, Antony Blinken, Lamothe, Michel Martelly, Jean Henry Ceant, Ariel Henry, Harold Isaac, Sarah Morland, Eric Beech, Costas Pitas, Tim Ahmann, Leslie Adler Organizations: PORT, Haitian, State Department, U.S ., Miami Herald, Lamothe, Martelly, United Nations, Thomson Locations: United States, U.S, Miami, Venezuelan, Canada, Ottawa, Haiti

☆ US review of China tariffs won't depend on trade 'breakthrough'-Deputy USTR
▼ + stars: | 2023-05-28 | by ( David Lawder | ) www.reuters.com time to read: +4 min

We’re not base-casing any breakthrough in the trade relationship" with China as part of the review, Bianchi said. Bianchi declined to say when the review would be completed, but added that this was "reasonable" by the end of 2023. Some trade experts in Washington view that date as a possible decision point in the tariff review. U.S. Treasury Secretary Janet Yellen that eliminating "non-strategic" tariffs would reduce costs for specific goods, while Trade Representative Katherine Tai argued that the duties represent "significant leverage" over China. "On trade right now, there aren’t many similar perspectives," she said of the U.S. and China.

☆ U.S. review of China tariffs won't depend on trade 'breakthrough:' deputy U.S. trade representative
▼ + stars: | 2023-05-28 | by ( ) www.cnbc.com time to read: +2 min

A Chinese and US national flag hang on a fence at an international school in Beijing on December 6, 2018. We're not base-casing any breakthrough in the trade relationship" with China as part of the review, Bianchi said. Among the major categories that escaped tariffs were cellphones, laptop computers and videogame consoles. Bianchi declined to say when the review would be completed, but added that this was "reasonable" by the end of 2023. Some trade experts in Washington view that date as a possible decision point in the tariff review.

May 1 (Reuters) - A federal judge in Detroit on Monday threw out a jury verdict ordering Ford Motor Co (F.N) to pay Versata Software Inc $104.6 million for breaching a 2004 licensing contract and misappropriating trade secrets. He also said jurors had no basis to determine how long Ford would have needed to develop three trade secrets it allegedly stole, and that this also required voiding the damages award. Leitman ordered Ford to pay Versata $3 for breach of contract. "Overturning a jury verdict is difficult by design," Leitman said in a 51-page decision. The case is Versata Software Inc et al v Ford Motor Co, U.S. District Court, Eastern District of Michigan, No.

☆ Bannon associate sentenced to more than 4 years for fraud over Trump border wall
▼ + stars: | 2023-04-26 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

Kolfage, 41, pleaded guilty last year to misappropriating funds meant for the "We Build the Wall" campaign. Andrew Badolato, 58, another former Bannon associate, also pleaded guilty and was sentenced to three years in prison at the same hearing. "The fraud perpetrated by Mr. Kolfage and Mr. Badolato went well beyond ripping off individual donors," Torres told the hearing. He also pleaded guilty to tax charges. In September, Bannon, 69, was indicted in New York state court in Manhattan on money laundering and conspiracy charges over the planned wall.

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