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☆ 2 Plead Guilty in Drug-Related Death of Prominent Transgender Activist
▼ + stars: | 2024-09-23 | by ( Shayla Colon | More About Shayla Colon | ) www.nytimes.com time to read: +1 min

Two men accused of providing the fentanyl-laced heroin that killed the transgender activist and actress Cecilia Gentili have admitted distributing the drugs that caused her death, officials said on Monday. The second man, Antonio Venti, pleaded guilty to the same offense in July, the release said. Ms. Gentili, 52, was found dead in her Brooklyn apartment in February after taking a combination of drugs, court documents show. Her death prompted an outpouring of grief among members of New York’s L.G.B.T.Q. community, with more than 1,000 people packing the pews at a spirited celebration of her life at St. Patrick’s Cathedral.

Persons: Cecilia Gentili, Michael Kuilan, Antonio Venti, Gentili, Ms Organizations: Eastern, of Locations: Brooklyn, of New York, St, Patrick’s

☆ How the Sean ‘Diddy’ Combs indictment compares to the R. Kelly sexual abuse cases
▼ + stars: | 2024-09-21 | by ( Dakin Andone | ) edition.cnn.com time to read: +9 min

Combs, meanwhile, was indicted in the Southern District of New York on three counts: racketeering conspiracy, sex trafficking and transportation to engage in prostitution. Members of the enterprise also witnessed acts of violence by Combs against the victims, it says. It was unclear whether Ventura reported any of the allegations of abuse to police and a federal lawsuit was later settled. Court sketch of Sean "Diddy" Combs in federal appeals court Wednesday, Sept 18., presided over by Judge Andrew Carter. The indictment against Combs outlines a number of alleged victims, women and sex workers among them, but does not say how many there are.

Persons: Sean “ Diddy ” Combs, Robert Sylvester Kelly, Combs, ”, Nadia Shihata, Kelly, ” Kelly, –, ” Robert Sylvester Kelly, Ann M, Donnelly, Christine Cornell, John Miller, ” Miller, ” Combs, Neama Rahmani, Casandra, Cassie ” Ventura, Ventura, ” Rahmani, Sean, Diddy, Judge Andrew Carter, ” “ He’s, ” CNN’s Eric Levenson contirbuted Organizations: CNN, of, of Illinois, Areva Martin, United States, Intelligence, Homeland Security Investigations, Southern District, of New York, West Locations: New York City, Eastern, of New York, York, Southern, New York, Illinois

☆ George Santos pleads guilty, avoiding a looming criminal trial
▼ + stars: | 2024-08-19 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

Read previewSerial liar and former US congressman George Santos pleaded guilty to criminal charges in court Monday, avoiding a criminal trial. Santos ultimately pleaded guilty on Monday to two counts — one count of wire fraud and one count of identity theft — as part of a plea agreement. Advertisement"You trusted me to represent you with honor and to uphold the values that are central to our democracy," Santos told reporters outside court after the hearing. Related storiesCourt filings previously indicated Santos was in talks for a plea deal as early as December. Two associates of Santos — Nancy Marks and Sam Miele — have previously pleaded guilty to fraud charges against them and would have likely testified in Santos' trial.

Persons: —, George Santos, Santos, Joann Seybert, Seybert, Breon, I've, Goldman Sachs, Hannah Montana, Zack, Cody, Tom Williams, Ferragamo, Santos — Nancy Marks, Sam Miele —, Tom Suozzi, Jimmy Kimmel Organizations: Service, Business, Eastern, of, Republican, The New York Times, Citigroup, Baruch College, New York University, Disney Channel, U.S . Capitol, Inc, Getty, Congress Locations: of New York, New York, Long, Queens, The, Brazil, Eastern, OnlyFans, Hermes, United States, New

☆ Who was freed in major prisoner swap between Russia and the West?
▼ + stars: | 2024-08-01 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +14 min

The German court that convicted Krasikov in 2021 said he acted on behalf of the Russian state, shooting Khangoshvili “execution style” in broad daylight. Vadim Konoshchenok, 48An undated photo of Vadim Konoshchenok included in a 2022 court document. He was arrested in February 2022, according to the Polish state news agency PAP. Lilia Chanysheva, 42Lilia Chanysheva stands is seen during a hearing at the Kirovskiy District Court in Ufa, Russia, on June 14, 2023. He was sentenced to four years in a penal colony in July 2022, according to Amnesty International.

Persons: Evan Gershkovich, Paul Whelan, Vadim Krasikov, Vadim Krasikov Berlin Police Krasikov, Krasikov, Zelimkhan, Khangoshvili, Ramzan Kadyrov, Putin, Viktor Bout, Whelan, Brittney, Biden, Alexey Navalny, Vadim Konoshchenok, Konoshchenok, Vladislav Klyushin, Klyushin, Roman Seleznev, US Department of Justice Roman Seleznev, Seleznev, Artem Dultsev, Ludvig Gish, Anna Dultseva, Dultsev, Maria Rosa Mayer Munos, Mikhail Mikushin, Pavel Rubtsov, Pablo Gonzalez, Oihana Goiriena, Vincent West, Pablo Gonzales, Natalia Kolesnikova, Kirill Kudryavtsev, US Marine Whelan, Gershkovich, Alsu Kurmasheva, Liberty Alsu Kurmasheva, Alexey Nasyrov, Kurmasheva, Vladimir Kara, Murza, Kara, Vladimir Putin’s “, ”, Rico Krieger, Krieger, Alexander Lukashenko, Kevin Lik, Lick, Dieter, Voronin, Ivan Safronov, Roscosmos, Demuri Voronin, Safronov, Herman Moyzhes, Moyzhes, Patrick Schoebel, Schoebel, Ilya Yashin, Yuri Kochetkov, ” Alexandra Skochilenko, Alexandra Skochilenko, Anton Vaganov, Skochilenko, “, ” Oleg Orlov, Oleg Orlov, Lilia Chanysheva, Chanysheva, Ksenia Fadeeva, Maxim Shemetov, Fadeeva, Vadim Ostanin, Alexei Navalny’s, Ostanin, Andrei Pivovarov, Pivovarov Organizations: CNN, Vadim Krasikov Berlin Police, Chechen, Russian, Krasikov, US Department of Justice, US, Office, Eastern, of, Attorney's, University of Tromsø, Reuters, Court, Getty, Street, US Marine, US State Department, Radio Free, Liberty, AP, Belarusian TV, Belteleradio, Human Rights, German Red Cross, TASS, German Federal Intelligence Service, Pulkovo, Ukraine, Amnesty International Locations: American, Russia, Moscow, Berlin’s Kleiner, Russian, Georgia, Estonia, of New York, Boston, Sion , Switzerland, United States, Maldives, Slovenia, Ljubljana, Norway, Brazilian, Nabarniz, Spain, Poland, Spanish, Sverdlovsk, AFP, Irish, Radio Free Europe, Kazan, Yekaterinburg, Ukraine, United Kingdom, Belarusian, German, Belarus, Berlin, Germany, Europe, St . Petersburg, St, Petersburg, Meshansky, Bucha, Kyiv, Saint Petersburg, Kirovskiy, Ufa, Bashkortostan, Tomsk, Krasnodar

CNN —Alleged Sinaloa cartel cofounder Ismael “El Mayo” Zambada appeared Thursday in federal court in Texas for his latest hearing since his arrest a week ago in an intrigue-packed case centered on one of the world’s most powerful and deadly drug trafficking organizations. He was arrested the prior day in El Paso alongside Joaquín Guzmán López, the 38-year-old son of infamous cartel boss and founder Joaquin “El Chapo” Guzman. The scene outside the courthouse in El Paso showed a heavy security presence, with federal agents and bomb-sniffing dogs patrolling the perimeter. Attorney Jeffrey Lichtman’s assertion raised new questions about why Guzmán López flew to Texas if he had no cooperation agreement with American authorities. “Joaquín Guzmán López forcibly kidnapped my client,” attorney Frank Pérez said in a statement.

Persons: Ismael “ El, Ismael “ El Mayo ” Zambada, Zambada, Joaquín Guzmán López, Joaquin “ El Chapo ” Guzman, –, Anne Milgram, Guzmán López, Jeffrey Lichtman’s, “, Frank Pérez, Christopher Wray, “ Zambada Garcia, Ismael, El, Jose Luis Gonzalez, he’s, El Chapo, boss’s, Oseguera, Zambada’s, that’s, Guzmán, El Chapo’s, CNN’s Eric Levenson, Emma Tucker, Polo Sandoval, Evan Perez, Nicole Chavez, Cheri Mossburg, Christina Zdanowicz Organizations: CNN, Ismael “ El Mayo, US, DC, US Justice Department, Justice Department, Drug, US State Department, ” Police, Reuters, of, Zambada, Jalisco New, –, Congressional Research Service Locations: Sinaloa, Texas, El Paso, New York , California , Texas , Illinois, Washington, United States, Mexico, Chicago, Joaquín, Illinois, El Mayo, Eastern, of New York, Jalisco, Zambada

☆ Man dubbed ‘pirate of the unknown’ is extradited to US on alleged cocaine trafficking conspiracy
▼ + stars: | 2024-07-29 | by ( Associated Press | ) edition.cnn.com time to read: +2 min

Milos Radonjic, 34, arrived in Brooklyn on Friday and is scheduled to be arraigned in federal court Monday, according to federal prosecutors and officials with the Department of Homeland Security and FBI. A federal grand jury indicted him and several other people last year on charges of conspiracy and attempt to violate the Maritime Drug Law Enforcement Act. Ship crew members knowingly took part in the alleged trafficking, court documents say. Radonjic was arrested in October after traveling to Italy to captain a yacht in an international race, authorities said. US authorities have not released the names of other people who were indicted and said they were not in US custody.

Persons: ”, Milos Radonjic, Radonjic Organizations: CNN, Department of Homeland Security, FBI, Maritime Drug, Ship, Eastern, of Locations: Montenegro, New York City, Italy, Brooklyn, South America, Europe, Balkans, Colombia, Ecuador, Radonjic, United States, Peace, of New York

☆ Ismael “El Mayo” Zambada: US operation to capture Sinaloa cartel leaders had the help of one of the captured men: a son of ‘El Chapo,’ official says
▼ + stars: | 2024-07-25 | by ( Emma Tucker | Polo Sandoval | Evan Perez | ) edition.cnn.com time to read: +9 min

Ismael “El Mayo” Zambada, 76, the alleged co-founder and leader of the powerful Sinaloa cartel, was arrested in El Paso, Texas, Thursday, Attorney General Merrick Garland said in a statement. Another alleged cartel leader, Joaquin Guzman Lopez, 38, was also arrested, he said. But Zambada didn’t know US investigators had exploited a rift in the Sinaloa cartel and Guzman Lopez was helping with Zambada’s capture, the official said. Ismael “El Mayo” Zambada, a historic leader of Mexico’s Sinaloa cartel, left, and Joaquín Guzmán López, a son of another infamous cartel leader, after they were arrested by US authorities in Texas, the US Justice Department said Thursday. “Ismael Mario Zambada Garcia is the long-time leader of the Zambada Garcia faction of the Sinaloa Cartel.

Persons: CNN —, Ismael “ El, General Merrick Garland, Joaquin Guzman Lopez, Guzman, Joaquin “ El Chapo ” Guzman, Zambada, Guzman Lopez, Ismael “ El Mayo ” Zambada, Guzmán, Rosa Icela Rodriguez, “, ” Rodriguez, Andres Manuel Lopez Obrador’s, Rodriguez, Rodriquez, ” Garland, extraditions, “ Ismael Mario Zambada Garcia, Zambada Garcia, Christopher Wray, ” Wray, Anne Milgram, El, ”, Vicente Zambada Niebla, Chapo, “ El, “ El Mayo ” Zambada Organizations: CNN, Ismael “ El Mayo ” Zambada, FBI, Reuters, Ismael “ El Mayo ”, US Justice Department, US Department of State, AP, Mexico’s National Immigration Institute, Cessna, Justice Department, US State Department, Drug, Administration, ”, Sinaloa Cartel, Eastern, of, ” CNN, “ El Mayo ”, Police, Border Patrol Locations: Mexican, United States, Sinaloa, El Paso , Texas, Mexico, El Paso, Santa Teresa, “, Mexico’s Sinaloa, Texas, Hermosillo, Illinois, Chicago, Guatemala, Brooklyn, of New York, Ciudad Juarez, American, Juarez, Columbus , New Mexico

☆ Prosecutors say neo-Nazi ‘murder cult’ leader plotted to give poison candy to Jewish kids in NYC
▼ + stars: | 2024-07-17 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

Michail Chkhikvishvili, a 21-year-old man from the Republic of Georgia, was indicted on four charges, including soliciting hate crimes and acts of mass violence, according to a statement from the US Department of Justice. In November 2023, Chkhikvishvili began planning a “mass casualty event” for New York City on New Year’s Eve, prosecutors said. “The scheme involved an individual dressing up as Santa Claus and handing out candy laced with poison to racial minorities and children at Jewish schools in Brooklyn,” the Department of Justice statement said. He “drafted step-by-step instructions to carry out the scheme” and shared with the undercover officer “detailed manuals on creating and mixing lethal poisons and gases,” the statement said. “For example, and among other things, the handbook encourages its readers to commit school shootings and to use children to perpetrate suicide bombings and other mass killings targeting racial minorities,” the Justice Department statement said.

Persons: Santa Claus, Michail, Chkhikvishvili, Butcher, ‘, ’, Matthew G, Olsen, Breon, Robert R, Wells, Eve, “, Prosecutors, ” Chkhikvishvili Organizations: Nazi, US Department of Justice, Justice Department’s National Security Division, Eastern, of, FBI’s National Security Branch, New York, Jewish, Department of Locations: Europe, New York City, Republic of Georgia, Nazi, of New York, New, Brooklyn, United States

☆ Two men plead guilty to helping send electronics found in weapons to Russia
▼ + stars: | 2024-07-10 | by ( Jack Forrest | ) edition.cnn.com time to read: +3 min

A co-defendant in the case, Kristina Puzyreva, pleaded guilty in February to conspiracy to launder the proceeds of the export scheme, prosecutors said, and she now awaits sentencing. Authorities seized around $1.68 million dollars in connection with the scheme, prosecutors say. The components the trio sourced have been found in seized Russian weapons that included guided missiles, helicopters, unmanned aerial vehicles and battle tanks, with some of the components needed for Russia’s precision-guided weapons systems being used against Ukraine, according to prosecutors. “The defendants were aware of the potential military applications of the electronics that they exported to Russia,” prosecutors said in the release. “Goltsev responded, ‘happy holiday to you too my friend, we are defending it in the way that we can [smile emoji].’”CNN’s Devan Cole contributed to this report.

Persons: Salimdzhon Nasriddinov, Nikolay Goltsev, “, Lisa Monaco, “ Mr, Goltsev, ” Todd, Kristina Puzyreva, Ivan J, Arvelo, Nasriddinov, ’, “ Goltsev, ‘, ” CNN’s Devan Cole Organizations: CNN, of, Nasriddinov, SH Brothers Inc, SN Electronics Inc, United, United Arab Emirates, Homeland Security Investigations, York, Authorities, Fatherland, Soviet Union Locations: Montreal, Russia, Ukraine, Eastern, of New York, Brooklyn, Turkey, Hong Kong, India, China, United Arab

☆ Federal judge rejects $30 billion settlement between Visa, Mastercard and retailers
▼ + stars: | 2024-06-25 | by ( Elisabeth Buchwald | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —A federal judge overseeing a $30 billion preliminary swipe-fees settlement between Mastercard, Visa and retailers formally rejected the deal Tuesday. Mastercard and Visa, two of the world’s largest credit card networks, reached their proposed multi-billion antitrust settlement with US merchants in March. But a memo released by the court on Tuesday said that she was “not likely to grant final approval” to the preliminary settlement absent any changes. The proposed settlement would have lowered those fees by at least 0.04% percentage points for a minimum of three years. What the preliminary settlement entailedThe proposed settlement, which hinged on final approval from the Eastern District of New York, resulted from a longstanding antitrust class-action lawsuit in 2005.

Persons: Judge Margo Brodie, “, colluded, —, Christopher Jones, ”, ” Jones, Tuesday’s, Judge Brodie, RILA Organizations: New, New York CNN, Mastercard, Visa, Court, of, Merchants Payments Coalition, Main, Retail Industry, Association, Target, Dollar Locations: New York, Eastern, of New York

Many merchants and trade groups including the National Retail Federation opposed the accord, saying card fees would remain too high, while Visa and Mastercard would retain too much control over card transactions. The decision could force Visa and Mastercard to negotiate a settlement more favorable to merchants, or go to trial. Visa and Mastercard said they were disappointed with the outcome. Some U.S. senators have promoted legislation, the Credit Card Competition Act, to let merchants use other payment networks to process Visa and Mastercard transactions. The judge's decision does not affect an earlier $5.6 billion class action swipe fee settlement among Visa, Mastercard and about 12 million merchants.

Persons: Brendan McDermid, Margo Brodie, Brodie, Nilson, Doug Kantor, Jonathan Stempel, Deepa Babington, Leslie Adler Organizations: Mastercard Inc, New York Stock Exchange, REUTERS, Companies, Mastercard, National Retail Federation, Visa, National Association of Convenience Stores, U.S, Merchant Discount Antitrust Litigation, Court, Eastern District of, Thomson Locations: New York City, U.S, Brooklyn, Manhattan, Eastern District, Eastern District of New York, New York

☆ Brooklyn man arrested in connection with illegal betting scheme involving former NBA player Jontay Porter, authorities say
▼ + stars: | 2024-06-05 | by ( Rob Frehse | ) edition.cnn.com time to read: +5 min

The complaint refers to the player as “Player 1,” though after a review of court documents, CNN has determined the player is former Toronto Raptors big man Jontay Porter, who two months ago was banned for life from the NBA. As alleged, the defendant and his co-conspirators, as well as an NBA player, participated in a brazen, illegal betting scheme that had a corrupting influence on two games and numerous bets,” US Attorney Breon Peace said. Porter was banned by the NBA in mid-April, with the league saying an investigation found Porter had violated betting rules. NBA said it investigated unusual betting patterns around PorterThe NBA announced in March it had opened an investigation into anomalies involving bets pertaining to Porter after unusual betting patterns around the player emerged. Porter had “violated league rules by disclosing confidential information to sports bettors, limiting his own participation in one or more games for betting purposes, and betting on NBA games,” NBA officials said.

Persons: Long Phi Pham, Pham, Jontay Porter, Pham –, Australia –, Michael Soshnick, Porter, Breon Peace, “, rico ”, Adam Silver, ” Silver Organizations: CNN, NBA, Toronto Raptors, of, rico, FBI Locations: Brooklyn, New York, Australia, Eastern, of New York

☆ Cecilia Gentili death: 2 men charged with distributing drugs that caused death of transgender activist, prosecutors say
▼ + stars: | 2024-04-02 | by ( Michelle Watson | ) edition.cnn.com time to read: +3 min

CNN —Two men in New York have been charged with distributing fentanyl-laced heroin that allegedly caused the death of transgender activist Cecilia Gentili in February, prosecutors announced Monday. “Cecilia Gentili, a prominent activist and leader of the New York transgender community was tragically poisoned in her Brooklyn home from fentanyl-laced heroin. Medical examiners determined she died from “acute intoxication caused by the combined effects of fentanyl, heroin, xylazine, and cocaine. Prosecutors accuse Venti of selling the laced heroin, allegedly supplied by Kuilan, to Gentili on February 5, citing text messages, cell site data, and other evidence. Venti’s attorney, Joseph Turco, referred to Gentili’s death as an “accident” in a statement and said, “We’re sorry for Cecilia’s death.”“Our hearts and prayers go to the activist’s family.

Persons: Cecilia Gentili, “ Cecilia Gentili, ”, Michael Kuilan, Antonio Venti, Kuilan, Gentili, Venti, Joseph Turco, “, ” Turco, Howard Greenberg, ” Greenberg, CNN’s Elizabeth Wolfe Organizations: CNN, New, Eastern, of, Patrick’s, Roman Catholic Archdiocese, Prosecutors, US, Office Locations: New York, Brooklyn, of New York, St, Gentili, America, “

☆ Sam Bankman-Fried has to repay $11 billion. How can he possibly do that?
▼ + stars: | 2024-03-29 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

New York CNN —A federal judge on Thursday ordered Sam Bankman-Fried to repay more than $11 billion as part of his sentence for defrauding customers and investors in his failed crypto exchange FTX. In their sentencing memorandum earlier this month, federal prosecutors laid out their reasoning for seeking $11 billion in forfeiture. Unlike restitution, where the money from seized assets goes directly to victims, the money from forfeiture is taken by the government and absorbed into the US Treasury. It is unclear how much Bankman-Fried is currently worth, but it’s likely not anywhere near $11 billion. So far, the Department of Justice has redistributed about $4 billion to Madoff’s victims.

Persons: Sam Bankman, Fried, SBF, ” Mitchell Epner, “, ”, District Judge Lewis Kaplan, Anthony Capozzolo, Elizabeth Holmes, Holmes, Ramesh “ Sunny ” Balwani, Bernard Madoff, Peter Katz, Katz, they’ll, ” Katz Organizations: New, New York CNN, CNN, Treasury, District, “, of, Department of Justice’s, Department of Justice, Department Locations: New York, Eastern, of New York

☆ Premarket stocks: Warren Buffett’s favorite indicator is flashing red
▼ + stars: | 2024-03-27 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

New York CNN —The “Buffett Indicator” is flashing red. If the stock market is growing a lot faster than the economy, that could be a sign of a bubble. Yes, but: The so-called Buffett Indicator is not without flaw. By the closing bell, Trump Media ended at $57.99, up by a more modest 16% on the day. He said Trump Media is likely worth somewhere around $2 a share — nowhere near its closing stock price of $58.

Persons: Warren Buffett, Fortune Magazine “, Berkshire Hathaway, John Hussman, Hussman, Larry Summers, “, ”, Louis Navellier, Goldman Sachs, Navellier, doesn’t, Buffett, they’re, Jamie Dimon, Kevin Gordon, Charles Schwab, Elisabeth Buchwald, Donald Trump’s, CNN’s Matt Egan, Jay Ritter, Ritter Organizations: CNN Business, Bell, New York CNN, Fortune Magazine, Nvidia, Federal Reserve, Bloomberg, Navellier, Associates, “, JPMorgan, CNBC, CNN, Visa, Mastercard, Court, Eastern, of, National Retail Federation, Trading, Trump Media & Technology Group, Trump Media, University of Florida’s Warrington College of Business, GameStop, AMC Locations: New York, of New York

☆ Here’s what happens if Trump can’t get a $464 million bond
▼ + stars: | 2024-03-24 | by ( Mark Morales | ) edition.cnn.com time to read: +8 min

Trump personally owes over $454 million stemming from the ruling made by Judge Arthur Engoron back in February. Here’s what happens if Trump can’t secure the bond:Seizing bank accounts and cashIn theory, officials can begin the complicated legal process of taking his assets, barring any other strategic legal maneuvering from state prosecutors and countering from Trump’s legal team. “They walk in and give it to the manager,” said Adam Pollock, a former assistant New York State Attorney General who now specializes in judgment enforcement at Pollock Cohen LLP. “The attorney general’s office is the largest firm in New York State, if you think about it as a law firm. That is really the end of the day, I think, for the Trump organization in New York,” Litman said.

Persons: Donald Trump’s, Trump, Judge Arthur Engoron, Eric, Donald Jr, Letitia James, they’ll, ”, Peter Katz, Marshall, Adam Pollock, Pollock Cohen, “, “ They’re, Alden B, Smith, Pollock, Pollack, ” Pollock, ” Smith, Tish James, Harry Litman, “ That’s, James “, ” Trump, Chris Kise, ” Kise, Jean Carroll, Litman, ” Litman Organizations: CNN, New York Attorney, Trump Organization, Eastern, of, New, New York City Sheriff, New York, Springs ., New York State, “, Trump Locations: York, New York City, New York, Westchester County, Briarcliff Manor, Springs, Lago, Florida, Mar

☆ Former New York cop charged with swindling investors in foreign exchange trading fund
▼ + stars: | 2024-02-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +6 min

Peace's office said that as Rodriguez, who was arrested Wednesday, lost an increasing amount of money in trading in foreign exchange, he used money from new investors to pay prior investors their promised investment returns. Ex-cop Jason Rodriguez, 37, is accused of falsely promising investors in his fund, Technical Trading Team, that there would be guardrails to protect the trading risks for their money. That included a vow to never put a maximum of 1% of investors' funds at risk at any given time, the indictment says. A former New York City police officer was indicted for conspiracy to commit wire fraud after he allegedly lied to investors and lost most of the $4.8 million they put into his foreign exchange -focused investment fund, prosecutors said Wednesday. The suit says the defendants lost more than $3 million in trading forex on a leveraged basis, and "misappropriated participant funds for personal use."

Persons: Peace, cryptocurrency, Rodriguez, Attorney Breon, Jason Rodriguez, Benjamin Yaster, Edwin Carrion, Carrion, Danielle Hass, TTT, Defendants Organizations: Attorney, Eastern, of, U.S . Justice, Washington , D.C, Brooklyn U.S, Trading, New York Police Department, NYPD, Attorney's, U.S, Futures Trading Commission, Commodity, CFTC, Investments, CNBC PRO Locations: of New York, Washington ,, New York City, Bellerose , Queens, U.S, Brooklyn, Florida, Colombia, TTT

☆ Jam Master Jay killing: 2 men found guilty of murder in 2002 killing of Run-DMC’s DJ
▼ + stars: | 2024-02-27 | by ( Eric Levenson | Jeff Winter | ) edition.cnn.com time to read: +6 min

CNN —Two men were found guilty of murder Tuesday in the 2002 killing of Jam Master Jay, the pioneering DJ of the groundbreaking hip hop trio Run-DMC, in a case that for decades frustrated detectives and music fans alike. Ronald Washington, Jay’s childhood friend, and Karl Jordan Jr., Jay’s godson, were convicted of murder while engaged in narcotics trafficking and firearm-related murder. G. Paul Burnett/APThe verdict comes more than 20 years after Jam Master Jay, born Jason Mizell, was fatally shot at a recording studio in Jamaica, Queens, on October 30, 2002. They know who killed Jam Master Jay. How Jam Master Jay pioneered a new soundThe trial comes four decades after Jam Master Jay teamed up with Queens friends Run (Joseph Simmons) and DMC (Darryl McDaniels) to form the hip hop group Run-DMC.

Persons: Jay, Ronald Washington, Karl Jordan Jr, Jay’s, “ Y’all, ” Washington, Jordan, “, ”, Carlis Thompson, “ It’s, “ Jason, I’m, ” Jordan, Jason Mizell, Paul Burnett, Jay Bryant, Bryant, Breon Peace, Uriel Rincon, Artie McConnell, “ Jay Bryant, Michael Hueston, Susan Kellman, Washington’s, they’d, Mizell, Joseph Simmons, Darryl McDaniels, Aerosmith, Tricky, “ King Organizations: CNN, Garden, Eastern, of, WABC, Queens, Adidas, Stone, Duo, Hall of Fame, MTV, of Fame Locations: Washington, New, Jamaica, Queens, of New York, Jay

☆ A man accused of stealing missile-tracking secrets had applied to 'talent programs' run by the Chinese government, DOJ says
▼ + stars: | 2024-02-08 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

A man in California was charged with stealing trade secrets from a defense contractor. The Justice Department said the secrets involved information on missile-tracking technology. The man had previously applied to serve the Chinese government, prosecutors said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Gong, a native of China, is a resident of San Jose and has been a US citizen since 2011, the DOJ said.

Persons: —, Chenguang Gong, Gong, Martin Estrada, Breon Organizations: Justice Department, Service, DOJ, US Department of Defense, Central, Central District of, FBI, Eastern, of, Department of Justice Locations: California, China, San Jose, Malibu , California, Central District, Central District of California, People's Republic of China, Iran, of New York, of Iran

☆ Jam Master Jay murder jury views graphic crime scene photos in death of Run-DMC DJ
▼ + stars: | 2024-01-29 | by ( Laura Italiano | Natalie Musumeci | ) www.businessinsider.com time to read: +6 min

"He died instantly," prosecutor Miranda Gonzalez told jurors, shot in the head at such close range, his hair was singed. Then, "as quickly as they came, they fled," she told jurors. AdvertisementMizell "had a tremendous amount of blood already pooled on the floor," the detective told jurors. "It was an ambush, an execution, motivated by greed and revenge," Gonzalez told jurors. AdvertisementProsecutors allege that before Mizell's death, Mizell told Washington that Washington would not be involved in the drug distribution in Maryland, which led the suspects to plot to kill Mizell.

Persons: —, Jason William Mizell —, Jay —, Miranda Gonzalez, Karl ", Jordan Jr, Ronald, Tinard, James Lusk, Lusk, Tony Rincon, Mizell, Gonzalez, Mizell's, Artie McConnell, Jay Bryant, Jason Mizell, Seth D, DuCharme, Washington, Jordan, he'd, John Diaz, Ezra Spilke Organizations: Service, Business, Queens, of, Jordan, EMS, Eastern, Prosecutors, Associated Press . Locations: New York, Washington, of New York, Jordan, Jamaica, Queens, Rincon, Maryland, Associated Press . Washington

☆ Jam Master Jay’s life and death and the long search for the Run-DMC DJ’s killers
▼ + stars: | 2024-01-28 | by ( Eric Levenson | ) edition.cnn.com time to read: +6 min

With Jam Master Jay scratching the turntables as DJ, they created a new sound and street look, with their Adidas gear, leather jackets, gold chains and black Kangol hats. Jason Mizell (Jam Master Jay), Joseph Simmons (Run) and Darryl McDaniels (DMC) pose at the Grammy Awards in the 1980s. The coffin of Run-DMC's Jam Master Jay was carried out of Allen A.M.E Cathedral after his funeral on November 5, 2002. Seth DuCharme, acting US attorney for the Eastern District of New York, announced charges in August 2020 against two men in the killing of Jam Master Jay. In a statement, Jam Master Jay’s son Jesse Mizell and the Mizell family thanked those who had reached out in support.

Persons: Jay, Ronald Washington, Karl Jordan Jr, Jason Mizell, Joseph Simmons, Darryl McDaniels, Aerosmith, ” Jay, Tricky, ”, ’, “ King, wasn’t, “, Allen A.M.E, Hanny Ray Abrams, Jordan, Mizell, Seth DuCharme, Brendan McDermid, Seth D, DuCharme, ” DuCharme, Jesse Mizell, Jay Bryant, Bryant, Cesar de Castro Organizations: CNN, Prosecutors, Queens, Adidas, Stone, DJ Times, Duo, Hulton, Hall of Fame, MTV, of Fame, Allen A.M.E Cathedral, Getty, Eastern, of, Reuters Locations: New York City, Brooklyn, Jamaica, Queens, Allen, AFP, of New York, Washington, Jordan, Reuters Jordan

☆ Crypto entrepreneur charged with defrauding investors out of $150 million through marketing scheme
▼ + stars: | 2024-01-19 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Federal prosecutors on Friday announced charges against a German businessman, alleging he scammed investors out of more than $150 million in a crypto fraud scheme. But in actuality, Jicha and two unnamed co-conspirators, both USI Tech executives, lured and defrauded investors in a "multilevel marketing scheme," prosecutors allege. Around the spring of 2017, Jicha and his co-conspirators began "aggressively promoting" USI Tech, prosecutors said. In 2018, as regulators began scrutinizing USI Tech, prosecutors alleged that Jicha terminated the company's U.S. operations, preventing investors from withdrawing their money. Since then, around $150 million of that money has been transferred to accounts controlled by Jicha, prosecutors said Friday.

Persons: Prosecutors, Horst Jicha, Jicha, Jicha's, It's, Descalzo, David Tarras Organizations: U.S, Eastern, of, USI Tech, Authorities, Prosecutors, Tech, SEC, Jicha Locations: of New York, Brooklyn, New York City, German, Miami, Valley Forge , Pennsylvania, U.S

☆ Pornhub’s parent company admits it profited from sex trafficking
▼ + stars: | 2023-12-22 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

Aylo, Pornhub’s parent company, will pay a $1.8 million fine and compensate the sex trafficking victims as part of a deferred prosecution agreement. The company pleaded not guilty to the government’s charge of engaging in unlawful monetary transactions involving sex trafficking proceeds, although it acknowledged the illegal material was posted on its site and said it regrets that fact. The government did not accuse Aylo itself of violating any federal sex trafficking laws, but said the company should have known it was doing business with a group that was engaging in sex trafficking. And Aylo became aware of a federal lawsuit against the production company in 2017, court documents show. In a statement, Aylo, which is under new management since the alleged incidents occurred, said it “deeply regrets” that Pornhub hosted the content.

Persons: Pornhub, Aylo, “, ”, James Smith, Solomon Friedman, ” Friedman Organizations: Washington CNN, Eastern, of, FBI, Aylo Holdings, CNN, Ethical Capital Partners Locations: Peace, of New York, Canada

WASHINGTON (AP) — Rep. George Santos of New York is facing a critical vote to expel him from the House on Friday as lawmakers weigh whether his actions, fabrications and alleged lawbreaking warrant the chamber's most severe punishment. “I will not stand by quietly,” Santos declared on the House floor Thursday as lawmakers debated his removal. But some Republicans, including Santos' colleagues from New York, said voters will welcome lawmakers being held to a higher standard. In early March, the House Ethics Committee announced it was launching an investigation into Santos. ___Follow the AP's coverage of U.S. Rep. George Santos of New York at https://apnews.com/hub/george-santos.

Persons: — Rep, George Santos, Santos, “, ” Santos, Mike Johnson, ”, Anthony D’Esposito, Clay Higgins, Higgins, Susan Wild, brazenly, ” Wild, “ Mr, Hakeem Jeffries, Marjorie Taylor Greene, “ George Santos, ” Jeffries, Farnoush Amiri, george, santos Organizations: WASHINGTON, —, Third, Union, Republican, Republicans, Wall, Eastern, of New York, Prosecutors, Justice Department, Federal, Commission, Democratic, New York, Associated Press, U.S . Rep Locations: George Santos of New York, New York, Santos, U.S, lawbreaking, New, Georgia

☆ A sales practice at American Express is under scrutiny. Here's what we know about the investigation.
▼ + stars: | 2023-11-29 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +12 min

It's not clear how much scrutiny the company is under for management's role in developing and training employees to sell the product. Subpoenas are issued to compel parties such as company executives and employees, or former employees, to appear for interviews or turn over documents. In July, the OCC assessed a $15 million civil penalty against American Express National Bank. The IRS is also involvedBrooklyn attorneys are coordinating their criminal investigation alongside the IRS's criminal-investigation unit, the people BI spoke with said. Sinking morale among some sales employeesThe investigations are taking a toll on Amex's results-driven culture, current and former sales employees told BI, because compliance staff have gotten more involved in the sales process.

Persons: Amex, hadn't, salespeople, It's, Adam Isserlis, Isserlis, John Marzulli, Brian Morris, Hiral Mehta, Morris, Boies, Boies Schiller Flexner, Seth DuCharme, Charles Blazer, he's, Mehta, Hiral, Brian Organizations: American Express, Business, Justice, New York State Department of Financial Services, BI, Brooklyn, Eastern, of, OCC, American Express National Bank, Consumer Financial, Justice Department, Department of Financial Services, Department of Justice, IRS, Federal Deposit Insurance Corp, FDIC's, Government, Costco, Securities, Eastern District, Department of Homeland Security, Boies Schiller, FIFA, Taco Bell Locations: Brooklyn , New York, of New York, Eastern, Brooklyn

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