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☆ U.S., European Police Shut Down Hacker Marketplace, Make 119 Arrests
▼ + stars: | 2023-04-05 | by ( Kim S. Nash | ) www.wsj.com time to read: +4 min

The international action conducted Tuesday and Wednesday against Genesis Market, one of the largest so-called initial access brokers in the world, resulted in 119 arrests. The dismantling of Genesis Market follows the arrest last month of a man U.S. prosecutors say ran BreachForums, a site for buying and selling stolen data. Newsletter Sign-up WSJ Pro Cybersecurity Cybersecurity news, analysis and insights from WSJ's global team of reporters and editors. The Treasury Department on Wednesday sanctioned Genesis Market, a so-called initial access broker in operation since 2018. Genesis Market data was provided to the website Have I Been Pwned, so individuals can check whether their credentials have been compromised.

☆ Frank's founder just got hit with federal charges, but questions remain about JPMorgan's handling of the deal
▼ + stars: | 2023-04-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Drop any Wall Street (or non-Wall Street) questions you have for me here. A quick refresher: JPMorgan accused Javice of juicing Frank's customer numbers in a lawsuit filed at the end of last year. Prosecutors charged Javice with wire fraud affecting a financial institution, securities fraud, bank fraud, and conspiracy. I've joked about it before, but Taylor Swift really should teach a class on this stuff for Wall Street. It's not the president or Wall Street or Congress that's to blame.

☆ Trump faces more legal threats beyond a hush money case. Here's the status of those probes
▼ + stars: | 2023-04-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +10 min

Cohen has since become a vocal critic of his former boss and testified before the grand jury hearing evidence in Bragg's probe. The grand jury was impaneled in January 2022 to hear evidence in Fulton County DA Willis' probe. Portions of that final report, which were released in February, show the grand jury determined that at least one witness may have lied under oath. New York civil caseTrump is also embroiled in a state-level civil fraud case filed by James, the New York attorney general. (L-R) Eric Trump, Donald Trump Jr., and Ivanka Trump and Donald Trump attend the ground breaking of the Trump International Hotel at the Old Post Office Building in Washington July 23, 2014.

Trump's indictment was unsealed Tuesday, revealing he was charged with 34 counts. The indictment didn't clarify the underlying crimes Trump allegedly committed to justify felony charges. Trump was indicted on 34 felony counts of falsifying business records in connection to a 2016 hush-money payment to the adult film star Stormy Daniels. "If I were the prosecution, I would ask for a gag order covering the parties and their attorneys," Neama Rahmani, a former federal prosecutor, told Insider. Indeed, House Republicans vowed revenge on Trump's behalf and said Tuesday that they would go after Bragg and President Joe Biden in light of Trump's indictment.

☆ Ex-fugitive in $100 million N.J. deli case granted bail, but kept jailed as feds fight release
▼ + stars: | 2023-04-05 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Peter Coker Jr., left, is issued search warrants from police at his villa on the southern resort island of Phuket, Thailand, Jan. 11, 2023. A former fugitive in the securities fraud case of the notorious $100 million New Jersey deli has been granted bail — but he remains in jail as federal prosecutors fight his release by arguing he remains a serious flight risk. Coker Jr., 53, was charged in September along with his father, Peter Coker Sr., and another man, James Patten, in a 12-count indictment alleging securities fraud and conspiracy. Prosecutors say the scheme was designed to make both companies attractive targets for so-called reverse mergers with private companies. The elder Coker and Patten were arrested at the time of the indictment in North Carolina, where they reside.

Amy Winslow, Hossein Maleknia and Reba Daoust misled Magellan customers and the Food and Drug Administration (FDA) about when they discovered the defect, the extent of the problem and the risks associated with it, prosecutors said. Attorneys for Winslow and Daoust did not immediately respond to requests for comment. The company said all devices the malfunction affected have been cleared by the FDA “and will remain available for clinical use.”Magellan Diagnostics ultimately recalled all three devices in 2021 and resumed distribution last year, according to the FDA. The malfunction affected three of Magellan’s lead-testing devices, including one that accounted for more than half of all blood lead tests conducted in the U.S. between 2013 and 2017, according to prosecutors. Reporting by Andrew Goudsward Editing by David Bario and Josie KaoOur Standards: The Thomson Reuters Trust Principles.

☆ Donald Trump's arraignment: key takeaways include 2 warnings from the judge that he behave himself
▼ + stars: | 2023-04-05 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

Takeaways from Tuesday's arraignment include two separate times the judge warned Trump to behave. The judge also nixed Trump's hope of just staying home on his next court date, December 4. Prosecutors had just handed the judge a thick packet of examples of what Assistant District Attorney Christopher Conroy called Trump's "threatening rhetoric." "May we ask that President Trump, his presence be waived just for that date?" The defense and prosecution are hoping to reach an agreement on the protective order, Trump attorney Susan Necheles said.

☆ Read the indictment against Donald Trump, details of payments to porn star, Playboy model
▼ + stars: | 2023-04-04 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

watch nowFormer President Donald Trump is charged with 34 felony counts of falsifying business records in connection with a scheme that directed hush money payments to two women before the 2016 presidential election. The 16-page indictment against Trump was unsealed Tuesday as he became the first former U.S. president ever to be arraigned on criminal charges. Follow CNBC.com's live coverage of former President Donald Trump's surrender and arraignment at the Manhattan criminal courthouse. Falsifying business records normally is a misdemeanor but can become a felony if done to cover up another crime. The checks first were issued by the Donald J. Trump Revocable Trust, while later ones came from Trump's bank account, prosecutors said.

☆ Trump's indictment doesn't just depend on Michael Cohen, involves more than one paid-off woman, and allegedly happened when he was president
▼ + stars: | 2023-04-04 | by ( Madison Hall | John L. Dorman | Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

State attorneys and former prosecutors worried that Trump's indictment would solely revolve around Michael Cohen as a witness. But Trump's indictment depends on more than Cohen — the NY DA alleges Trump paid off another woman, too. Mark Bederow, a former prosecutor, previously told Insider that resting an indictment of this caliber solely on Cohen would be disastrous. "You wouldn't rely on Michael Cohen to tell you the time of day unless you corroborated it with a clock. Like Daniels, prosecutors allege that Trump, Pecker, and Cohen teamed up to silence former Playboy Playmate Karen McDougal in June 2016.

☆ Leonardo DiCaprio testifies in Fugees rapper's lobbying trial
▼ + stars: | 2023-04-03 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +2 min

DiCaprio is one of several prominent figures linked to Low, who is suspected of embezzling $4.5 billion from Malaysia's 1MDB sovereign wealth fund. Michel faces 11 criminal counts for trying to influence the administrations of Obama and former President Donald Trump. Prosecutors said Michel agreed to funnel money into Obama's 2012 re-election campaign and hide the source of the funds. Prosecutors said Michel later waged an illegal influence campaign to persuade the Trump administration to stop investigating Low. Michel and other co-conspirators are also accused of lobbying the Trump administration at China's behest to return Guo to China.

☆ Trump, N.Y. Prosecutors Prepare for Arraignment as GOP Rallies to His Side
▼ + stars: | 2023-04-02 | by ( Alex Leary | ) www.wsj.com time to read: 1 min

Donald Trump’s campaign has touted polls showing a bump in popularity for him. New York prosecutors, former President Donald Trump, his political allies and foes are all gearing up for a historic week that will feature his surrender and arraignment in a Manhattan courtroom on hush-money charges. Mr. Trump, who is set to turn himself in on Tuesday, is experiencing a boost among Republicans, with new polling showing him widening his lead among prospective 2024 White House GOP rivals, including Florida Gov. Ron DeSantis .

[1/2] The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego, California, Sept. 24, 2013. The investor lawsuits in the U.S. District Court, Southern District of New York are Tan v. Goldman Sachs Group Inc et al, No. 21-08413; Florio v. Goldman Sachs Group Inc et al, No. 21-10286; Scully v. Goldman Sachs Group Inc et al, No. 21-10791, and Lee v. Goldman Sachs Group Inc et al, No.

☆ Trump plans to surrender in Manhattan, likely on Tuesday, says his lawyer
▼ + stars: | 2023-03-31 | by ( Oma Seddiq | Laura Italiano | ) www.businessinsider.com time to read: +2 min

Trump will surrender to the Manhattan DA's office likely on Tuesday, according to his lawyer. Trump will fight the case all the way to trial if needed, his lawyer added, "if it's not dismissed." A Manhattan grand jury voted to indict Trump on Thursday. A Manhattan grand jury voted on Thursday to indict Trump, likely over his role in a hush-money payment made ahead of the 2016 election to adult film actress Stormy Daniels. The Manhattan district attorney's office announced on Thursday evening that it's coordinating Trump's surrender with his attorney.

An indictment is the formal notification that a grand jury has brought charges against a defendant. A grand jury is convened in some criminal cases to decide whether prosecutors have enough evidence to bring a defendant to trial. "An indictment is a finding by a grand jury that there is reasonable cause to believe the target committed a crime," he said. When that's done, the grand jury will deliberate and then vote on which — if any — charges they will indict. In New York, where Trump was indicted, 16 out of an originally selected 23 grand jurors must be present for a voting quorum, according to the state grand juror's handbook.

☆ Trump's GOP allies rally to his defense, blasting indictment as a 'catastrophic escalation' and a 'politically motivated prosecution'
▼ + stars: | 2023-03-30 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +3 min

A Manhattan grand jury voted to indict Trump on Thursday. "A majority of Americans know Alvin Bragg's witch hunt is a politically motivated prosecution," Gaetz continued, referring to the Manhattan district attorney. "I continue to stand with President Trump as he has always stood with us." The Manhattan grand jury has been investigating Trump's connection to a $130,000 payment made to Daniels ahead of the 2016 election. The criminal charges come as Trump pursues a 2024 presidential campaign and is widely considered the GOP frontrunner.

☆ Donald Trump Jr. decries his father's indictment and says it's 'communist level shit' that would have made Mao and Stalin 'blush'
▼ + stars: | 2023-03-30 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

A Manhattan grand jury voted to indict Donald Trump on Thursday. Donald Trump Jr. interrupted his scheduled programming on Rumble to react to the news. Trump Jr. also incorrectly stated that the district attorney is indicting Trump. "Soros-backed Manhattan DA Alvin Bragg is actually indicting my father," Trump Jr. said on Rumble. "I found out about this about 15 minutes before I went live," Trump Jr. said.

A Manhattan grand jury voted to indict Donald Trump, possibly over a "hush-money" payment. Here's a timeline of Trump and Daniels' alleged relationship, the $130,000 payment to keep Daniels silent, and the testimonies leading to a possible indictment. Markus Schreiber/APManhattan District Attorney Alvin Bragg convened a grand jury in mid-January of this year to consider an indictment against Trump. And Trump's former fixer and lawyer Michael Cohen, prosecutors' key witness, has made repeated visits to the DA's office and to the grand jury. Anna Moneymaker/Getty ImagesThe Manhattan grand jury voted to indict Trump on Thursday, March 30.

NEW YORK, March 29 (Reuters) - The U.S. Securities and Exchange Commission (SEC) charged crypto firm Beaxy.com and several executives for registration failures on Wednesday, expanding regulators' push to rein in the industry. That structure, which is common throughout the crypto industry, is one that the SEC's chair has criticized for conflicts of interest and risks to investors. On Monday, the Commodity Futures Trading Commission sued Binance, accusing the world's largest crypto exchange of violating rules preventing illegal activity. The next day, prosecutors in New York added a Chinese bribery charge to their fraud case against Sam Bankman-Fried, who founded the now-bankrupt crypto exchange FTX. Another man, Brian Peterson, was accused of acting as an unregistered dealer by providing marketing services to Beaxy.

☆ Morning Bid: Alibaba fires up market mood
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

An unprecedented revamp of Chinese tech conglomerate Alibaba Group, which analysts believe to have the blessings of local regulators, pushed up Alibaba's U.S.-listed stock, and then its Hong Kong shares on Wednesday. Companies in China's internet, private education and property sectors have lost billions of dollars in market value in recent years as the country's regulators cracked down on their operations. Reuters GraphicsAlthough a lacklustre 0.6% rise in Asia's main stock market gauge, led by Hong Kong tech names, shows that animal spirits haven't returned yet, there's hope for investors who have been left licking their wounds from recent market declines, especially in bank and tech stocks. Global investor confidence remains fragile, with the European Central Bank (ECB) saying that recent volatility highlights the need for greater regulatory scrutiny. Overnight, a survey showed that U.S. consumer confidence unexpectedly increased in March despite recent financial market turmoil, but Americans still expect inflation to remain elevated over the next year.

Bankman-Fried is expected to be arraigned on the new indictment on Thursday before U.S. District Judge Lewis Kaplan in Manhattan federal court. The new indictment said Bankman-Fried ordered the $40 million cryptocurrency payment to a private wallet from Alameda's main trading account, to persuade Chinese government authorities to unfreeze Alameda accounts with more than $1 billion of cryptocurrency. Prosecutors said the Alameda accounts had been frozen as part of an investigation into an unnamed Alameda counterparty, and Bankman-Fried's prior efforts to lobby Chinese officials to lift the freeze were unsuccessful. They also said Bankman-Fried around November 2021 authorized a transfer of tens of millions of dollars of additional cryptocurrency to "complete" the bribe. Concerns that Bankman-Fried might tamper with witnesses prompted Kaplan to threaten jailing him unless tighter restrictions could be worked out.

☆ Manhattan DA lawyers feared Stormy Daniels case against Trump was too weak to bring without other criminal charges, report says
▼ + stars: | 2023-03-29 | by ( Jacob Shamsian | Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

Manhattan DA lawyers worried about indicting Trump over "hush money" payments to Stormy Daniels. In order to convict Trump on felony charges, prosecutors would need to prove Trump intended to commit or wanted to conceal a separate crime through the payments. But a judge might believe the Manhattan district attorney's office is overreaching by enforcing federal law. If the case gets to a jury, jurors may wonder why federal prosecutors didn't bring charges against Trump, or they might not believe Cohen's testimony. A representative for the Manhattan district attorney's office didn't immediately respond to a request for comment.

☆ Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years
▼ + stars: | 2023-03-29 | by ( Eamon Javers | ) www.cnbc.com time to read: +14 min

In this article CSCSG.N-CH Follow your favorite stocks CREATE FREE ACCOUNTA sign of Credit Suisse bank is seen at their headquarters in Zurich on March 20, 2023. "To date, no Credit Suisse employees involved in the scheme have faced any consequences from the United States government for their participation." "It's not a question of whether Swiss banks continue to do this, it's a question of which Swiss banks still do this." In a statement to CNBC, a Credit Suisse spokeswoman said it does not tolerate tax evasion. "DOJ must correct its lax oversight of Credit Suisse and hold Credit Suisse accountable for any violations of its plea agreement," he said.

☆ The bank crisis threatens to spark a credit crunch as Main Street banks pull back
▼ + stars: | 2023-03-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

A possible consequence of the banking crisis is that households and businesses may soon find it harder to get a loan from their bank. Around $1 trillion in deposits have been pulled from smaller and mid-sized banks since the Fed began hiking rates last year, with half that fleeing banks since SVB collapsed. "The uncertainty generated by deposit movements could cause banks to become more cautious on lending," JPMorgan strategists wrote in a note. "This risk is heightened by the fact that mid- and small-size banks play a disproportionately large role in US bank lending." This likely could impact the trajectory of the economy, as regional and community banks are a massive source of credit to Main Street borrowers.

NEW YORK, March 28 (Reuters) - Lawyers for Sam Bankman-Fried said they reached an agreement with U.S. prosecutors on Monday on revised bail conditions, after a judge raised the prospect of sending the indicted FTX cryptocurrency exchange founder to jail pending trial. The laptop will have monitoring software to track user activity and Bankman-Fried won't have administrative access to prevent tampering with the restrictions. In Monday's letter, Bankman-Fried's parents agreed to restrict his access to their devices, while also signing sworn affidavits to not bring prohibited electronic devices into their home. If there's reasonable suspicion of a violation, Bankman-Fried must submit his devices for a search, the letter added. But in January, federal prosecutors in Manhattan said Bankman-Fried attempted to contact current executives at now-bankrupt FTX.

The unpaid invoices originated with dozens of little-known companies acting as middlemen for Venezuela's oil exports since U.S. sanctions in 2020 halted deals with international trading firms and customers. Venezuela's Attorney General's office in October began a probe after oil tankers absconded without full payment to PDVSA. Venezuela's oil ministry and PDVSA did not reply to a request for comment. Maroil boosted Venezuela's petcoke exports following a commercial pact with PDVSA in 2016. In Venezuela, two heavy oil upgrading facilities controlled by PDVSA, Petro San Felix and Petrocedeno, produce and store petcoke.

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