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☆ Victoria’s Secret brand CEO abruptly resigns
▼ + stars: | 2023-01-03 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN Business —Victoria’s Secret brand CEO Amy Hauk has resigned less than a year into the job, the company said Tuesday. She will leave Victoria’s Secret in March. Martin Waters, the CEO of the brand’s parent company, Victoria’s Secret & Co., will take over as CEO of the brand. Shares of Victoria’s Secret dropped 8% on the news during after-hours trading Tuesday. But Victoria’s Secret sales have been uneven since the start of the pandemic.

☆ Banks seek to quash women’s lawsuits in Jeffrey Epstein case
▼ + stars: | 2023-01-01 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

NEW YORK — Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim the big banks should have seen evidence of sex trafficking by Jeffrey Epstein, the high-flying financier who killed himself in jail while facing criminal charges. The banks said in filings late Friday they didn’t commit any negligent acts that caused harm to the women who filed the lawsuits and that the lawsuits failed to show that they benefitted from Epstein’s sex trafficking. The lawsuits, which seek class-action status to represent other Epstein victims, claim that the banks knowingly benefitted from Epstein’s sex trafficking and “chose profit over following the law” to earn millions of dollars from the financier. “Without the financial institution’s participation, Epstein’s sex-trafficking scheme could not have existed or flourished,” the lawsuits claim. JPMorgan Chase said Friday that the Jane Doe in its case “is entitled to justice ...

☆ JPMorgan, Deutsche Bank seek dismissal of lawsuits by Jeffrey Epstein accusers
▼ + stars: | 2022-12-31 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Epstein killed himself in a Manhattan jail cell in August 2019 while awaiting trial on sex trafficking charges. Epstein was a JPMorgan client from about 2000 to 2013, and a Deutsche Bank client from 2013 to 2018, court papers show. The JPMorgan plaintiff is a former ballet dancer who said Epstein abused and trafficked her from 2006 to 2013, while the Deutsche Bank plaintiff said she suffered from similar misconduct between 2003 and 2018. New York state's financial regulator in July 2020 fined Deutsche Bank $150 million over its relationship with Epstein. The cases are Jane Doe 1 v Deutsche Bank AG et al, U.S. District Court, Southern District of New York, No.

On Tuesday, Tate tweeted at Thunberg, referring to his “33 cars” and their “enormous emissions.”Thunberg responded on Wednesday, making a joke about Tate’s genitals. After Tate’s arrest, posts quickly went viral, speculating that the pizza boxes in the video had been an important factor in locating Tate. But Ramona Bolla, a spokesperson for DIICOT, refuted that the pizza boxes had anything to do with Tate’s arrest. On Twitter, many responded to Tate’s days-old Twitter feud with Thunberg with jokes about the interaction and Tate’s arrest. In the video, Afualo said she saw the news about Tate’s arrest.

☆ Putin took cancer drugs that warped his decision-making on Ukraine, Danish intel says, reviving disputed theories about his health
▼ + stars: | 2022-12-30 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

A Danish intelligence official said Putin was taking thyroid-cancer drugs in February 2022. He told Danish media the drugs can cause "delusions of grandeur" and may have warped his thinking. The claim was reported by the Danish newspaper Berlingske based on an interview with the head of the Russia analysis team for its national defense intelligence agency, Forsvarets Efterretningstjeneste (FE). He told the newspaper that Putin was taking hormones to treat thyroid cancer in February 2022, and that it likely affected his mental capacity. The Danish official also spoke to Berlingske in guarded language, asserting that reports of Putin having had thyroid cancer were "definitely a good bet."

☆ Virgin Islands attorney general sues JPMorgan Chase over banking services for Jeffrey Epstein
▼ + stars: | 2022-12-29 | by ( Andy Rose | ) edition.cnn.com time to read: +2 min

New York CNN —The U.S. Virgin Islands government filed a lawsuit Tuesday against JPMorgan Chase, alleging that the Wall Street bank benefited financially from Jeffrey Epstein’s sex trafficking operation and failed in its duty to report suspicious financial activity. “Human trafficking was the principal business of the accounts Epstein maintained at JPMorgan,” the lawsuit states. The lawsuit claims that JPMorgan Chase failed to make proper regulatory filings that could have tipped off the government to Epstein’s alleged sex-trafficking ring of underage girls through private islands he owned in the U.S. Virgin Islands. A JPMorgan Chase spokesperson told CNN the company had no comment on the lawsuit Wednesday evening. The new lawsuit also comes less than a month after Attorney General George settled the U.S. Virgin Islands’ lawsuit against Epstein’s estate for more than $105 million dollars, along with an agreement that the estate will sell Epstein’s islands in the territory and end business operations there.

☆ JP Morgan 'pulled the levers' of Jeffrey Epstein's sex-trafficking operation, US Virgin Islands says in new lawsuit
▼ + stars: | 2022-12-29 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +5 min

A new lawsuit alleges JP Morgan facilitated Jeffrey Epstein's sex-trafficking scheme. Earlier this year, the US Virgin islands settled a separate lawsuit, first brought in 2020, with Epstein's estate and its executors. "JP Morgan ignored numerous red flags and failed to comply with federal banking regulations until years later after JP Morgan was no longer benefiting from Epstein's business," the lawsuit says. In addition to the US Virgin Islands, an anonymous "Jane Doe" filed lawsuits against JP Morgan and Deutsche Bank in November, alleging the financial institutions benefitted from Epstein's sex-trafficking operation. That same company, Hyperion Air, is identified by the US Virgin Islands Attorney General as one of Epstein's accounts with JP Morgan.

☆ Sam Bankman-Fried will enter a plea next week in FTX case, court filings show
▼ + stars: | 2022-12-28 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +2 min

Sam Bankman-Fried is scheduled to enter a plea on January 3. Two of his top lieutenants, including Caroline Ellison, already pleaded guilty to a fraud scheme. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyFTX founder Sam Bankman-Fried is expected to enter a plea at a court hearing next week, court filings show. A docket entry on Wednesday designated it as an arraignment hearing, meaning that Bankman-Fried is now scheduled to enter his plea. On Tuesday, the criminal cases of Bankman-Fried, Ellison, and Wang were assigned to US District Judge Lewis Kaplan.

Law firms Davis Polk & Wardwell LLP FollowDec 27 (Reuters) - Sam Bankman-Fried's criminal case over the collapse of his FTX cryptocurrency exchange has been reassigned to a judge recently known for handling defamation lawsuits against former U.S. President Donald Trump and a sexual abuse lawsuit against Britain's Prince Andrew. U.S. District Judge Lewis Kaplan replaces his colleague Ronnie Abrams, who recused herself on Friday after learning that the law firm Davis Polk & Wardwell, where her husband is a partner, advised FTX in 2021. Trump has sought the dismissal of both lawsuits, including a battery claim. Kaplan also recently oversaw Virginia Giuffre's civil lawsuit accusing Prince Andrew of sexually abusing her when she was 17 at the London home of Ghislaine Maxwell, the now-convicted former associate of late sex offender Jeffrey Epstein. Reporting by Tom Hals in Wilmington, Delaware and Jonathan Stempel in New York; Editing by Chizu Nomiyama and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ 10 money managers who quietly control the vast fortunes of Jeff Bezos, Sergey Brin, the Waltons, and other big-name billionaires
▼ + stars: | 2022-12-27 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +24 min

Many über-rich people don't outsource their wealth — they hire their own chief investment officers. He left SAC in 2005 for Dune Capital Management, but stayed in touch with Steve during his five-year term at the investment firm. Andrew oversees CPV's portfolio, which primarily comprises direct private investments such as Collectors Universe, a collectibles-authentication company, and the New York Mets. In 2011, Wildcat Capital Management was launched with Potter as president and chief investment officer. Since November 2021, Carland has also served as the interim chief investment officer for Builders Vision's asset arm.

☆ King Charles invokes late Queen and faith in humanity in Christmas message
▼ + stars: | 2022-12-25 | by ( Sachin Ravikumar | ) www.reuters.com time to read: +4 min

LONDON, Dec 25 (Reuters) - Britain's King Charles invoked his late mother, Queen Elizabeth, in his first Christmas message to the nation as monarch and spoke of his faith in humanity at a time of "great anxiety and hardship". Charles said he shares with his "whole heart" his mother's faith in God and people. He was speaking from St George's Chapel, the final resting place of the late Queen and from where Elizabeth delivered a Christmas message in 1999. Charles, William and other royals on Sunday visited a church in Sandringam in eastern England, where the family traditionally spends the festive period. Reporting by Sachin Ravikumar Additional reporting by Toby Melville in Sandringham Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Boies law firm makes odd moves in FTX case against Tom Brady, celebs
▼ + stars: | 2022-12-15 | by ( Alison Frankel | Thomson Reuters | Alison Frankel Has Covered High-Stakes Commercial Litigation As A Columnist For Reuters Since A Dartmouth College Graduate | ) www.reuters.com time to read: +7 min

That was apparently not what the Boies and Moskowitz firms were hoping. In mid-November, the firms filed the first of their three FTX lawsuits in federal court. On Nov. 21, the Boies and Moskowitz firms filed a second FTX class action, this time on behalf of non-U.S. FTX customers. The day after Bloom’s assignment to the case, the Moskowitz and Boies firms voluntarily dismissed the two previously-filed FTX class actions before Moore and Gayles. “As we got more cases, we filed more cases,” Moskowitz said.

☆ Claudine Gay to be Harvard’s 1st Black president, 2nd woman
▼ + stars: | 2022-12-15 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

Harvard University announced Thursday that Claudine Gay will become its 30th president, making her the first Black person and the second woman to lead the Ivy League school. Gay, who is currently a dean at the university and a democracy scholar, will become president July 1. With Gay’s appointment, women will outnumber men as chiefs of the eight Ivy League schools. Gay will be the only Black president currently in the Ivy League and the second Black woman ever, following Ruth Simmons, who led Brown University from 2001 to 2012. Gay’s early challenges could include fallout from the Supreme Court’s review of the use of race in admissions.

☆ A Patriot missile battery from the US could create new headaches for Russia in Ukraine and throw a wrench into its terror campaign
▼ + stars: | 2022-12-14 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

Ukraine is reportedly slated to receive a US-made Patriot missile defense battery. The US is poised to send Ukraine a Patriot missile defense battery that is already stationed overseas. According to the Center for Strategic and International Studies' Missile Defense Project, it is the primary air and missile defense system that the US has in its arsenal. Patriot missile defense system at Schwesing military airport in Germany on March 17, 2022. A NATO Patriot air defense missile system stands at Slovakia's Sliac air base on April 27, 2022.

☆ Ghislaine Maxwell's estranged husband is selling his $7 million oceanfront property — and the proceeds will go to Maxwell's massive unpaid legal fees
▼ + stars: | 2022-12-08 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

A Massachusetts mansion belonging to Maxwell's husband is on the market for nearly $7 million. The proceeds of the sale will go toward over $850,000 of alleged unpaid legal fees, Yahoo News reported. The home is owned by the company of Scott Borgerson, Maxwell's estranged husband. The colonial-style home is owned by Tidewood LLC, a company that belongs to Maxwell's husband Scott Borgerson, the Wall Street Journal reported. Campion & Company Fine Homes Real Estate/RedfinOriginally built in 1660, the 6,113-square-foot Tidewood house is located about 25 miles north of Boston and comes with its own private beach, according to the property listing.

☆ Bill Cosby sued for sexual abuse under new NY lookback law
▼ + stars: | 2022-12-06 | by ( Eric Levenson | ) edition.cnn.com time to read: +4 min

CNN —Two former actresses on “The Cosby Show” are among five women who filed a lawsuit against Bill Cosby in New York state court on Monday accusing him of sexual assault and abuse dating back decades. According to the suit, Cosby drugged and raped Bernard, who played Mrs. Minifield on “The Cosby Show,” in New Jersey and Nevada in 1990 and at his Manhattan home in 1991. Gittens alleges Cosby invited her to his Manhattan home in 1989 or 1990 to discuss working on “The Cosby Show” but then drugged her and sexually assaulted her. Thompson alleges Cosby made her inappropriately touch him without her consent at his Manhattan home in 1988 when she was 18. Ladd alleges Cosby drugged her and raped her in 1969.

☆ Jeffrey Epstein's 'sumptuous' 18-room apartment in Paris has been sold for more than $10 million, report says
▼ + stars: | 2022-12-02 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

Jeffrey Epstein's Paris apartment sold for $10.5 million to Bulgarian businessman Georgi Tuchev. The listing didn't mention the apartment's connection to the late convicted sex offender. Epstein's Franco-Brazilian butler told news site Franceinfo it also had a purpose-built massage room that "a great many women" visited. Following the financier's death — and numerous fresh allegations from French women — French authorities opened their own investigation into Epstein on August 23, 2019. In 2021, his New York townhouse sold for about $51 million, while his Palm Beach mansion went for $18 million.

☆ Jeffrey Epstein Estate Settles Suit Brought by U.S. Virgin Islands Attorney General
▼ + stars: | 2022-12-01 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

Jeffrey Epstein’s former home on the island of Little St. James in the U.S. Virgin Islands. The estate of Jeffrey Epstein on Wednesday settled a lawsuit brought by the U.S. Virgin Islands that accused the disgraced financier of trafficking and sexually abusing girls and young women on his private island in the Caribbean. U.S. Virgin Islands Attorney General Denise George said in a statement that, under the settlement’s terms, the estate agreed to pay the Virgin Islands government $105 million, as well as one half of the proceeds from the sale of Little St. James, one of Epstein’s private islands. The estate also agreed to pay $450,000 to remediate environmental damage around Great St. James, another Epstein-owned island, Ms. George said.

☆ Jeffrey Epstein Estate Settles Suit Brought By U.S. Virgin Islands Attorney General
▼ + stars: | 2022-12-01 | by ( James Fanelli | Corinne Ramey | ) www.wsj.com time to read: 1 min

The estate of Jeffrey Epstein has agreed to pay the U.S. Virgin Islands more than $105 million to settle a lawsuit alleging that he used the territory as the base of an extensive sex trafficking operation. "We are sending a clear message that the Virgin Islands will not serve as a haven for human trafficking." The estate also agreed to pay $450,000 to repair environmental damage around Great Saint James, the other Epstein-owned island. Jeffrey Epstein's estate on Little Saint James in the U.S. Virgin Islands. Epstein bought Little Saint James, off St. Thomas, for $7.95 million in 1998, NBC News reported.

☆ Driving simulator helps teens with ADHD keep eyes on the road - study
▼ + stars: | 2022-11-30 | by ( Shawana Alleyne-Morris | ) www.reuters.com time to read: +3 min

"Teens with ADHD are one of the highest-risk groups of drivers on our roadways," said study leader Dr. Jeffrey Epstein of Cincinnati Children's Hospital Medical Center. "Other than refusing or delaying licensure, parents have not had options for addressing their teen's driving risk." Teen drivers with ADHD are twice as likely to be involved in vehicular collisions as neurotypical teens, earlier research has shown. Rates of collisions or near collisions during these events were 3.4% in the intervention group versus 5.6% in the control group. At the same time, other aspects of the teens' driving will still need to be supported, he said, including compliance with speed limits and other rules of the road.

Companies U.S. Virgin Islands FollowNEW YORK, Nov 30 (Reuters) - Jeffrey Epstein's estate has reached a nine-figure settlement with the U.S. Virgin Islands to settle claims the disgraced late financier used the territory as a base for his decades-long sex-trafficking operation. George also said Epstein bought the nearby Great St. James in 2016 to keep people from monitoring him and victims from escaping there. Epstein had also been accused of sexual abuse at his homes in Manhattan, New Mexico and Palm Beach, Florida. His former associate Ghislaine Maxwell is appealing her conviction and 20-year prison sentence for enabling Epstein's abuse of girls. The government's share of Little St. James sale proceeds will go toward counseling and other services for sexual abuse victims.

☆ Jeffrey Epstein estate settles Virgin Islands sex trafficking case for over $105 million
▼ + stars: | 2022-11-30 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +4 min

The estate of deceased sex offender Jeffrey Epstein and related entities agreed to pay the U.S. Virgin Islands more than $105 million as part of a settlement in a sex trafficking and child exploitation case, the territory's attorney general said Wednesday. "This settlement restores the faith of the People of the Virgin Islands that its laws will be enforced, without fear or favor, against those who break them," Virgin Islands Attorney General Denise George said in the press release. "We are sending a clear message that the Virgin Islands will not serve as a haven for human trafficking." The Virgin Islands brought civil claims against Epstein's estate in 2020 under a law similar to the federal RICO Act, which aims to combat organized crime. The announcement Wednesday evening noted that proceeds from the sale of Epstein's island will go toward a trust dedicated to funding efforts to help victims of sex trafficking and sexual abuse.

A former financier and associate of Jeffrey Epstein was sued Monday on allegations that he raped a woman in Epstein’s New York City mansion in spring 2002, according to court filings. The review, carried out by a New York law firm, declared that Black wasn’t involved in Epstein’s criminal activities. At the time, Epstein didn’t disclose Black’s name to Pierson, and she didn’t ask, according to the suit. Black then said ‘Black, my name is Leo Black,’” according to the filings. Another woman, Guzel Ganieva, sued Black last year, accusing him of rape and defamation, according to court filings.

☆ From the future of work to algos for home pricing, these are what the brightest young minds in real estate are working on
▼ + stars: | 2022-11-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

There's no shortage of ties between Wall Street and real estate. So it's only fitting that we'd highlight Insider's third-annual list of rising stars in real estate. The latter boils down to trying to use tech to automate and innovate a key, but sometimes costly, part of the business, something Wall Street is well versed in. There is Megan LeMense, 34, a former WeWorker who is thinking about the future of the office in her role at Raise Commercial Real Estate. BlockFi is the latest crypto firm caught up in the FTX debacle.

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