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☆ Prosecutors accuse a Washington DC police lieutenant of helping the Proud Boys and warning leader Enrique Tarrio about his impending arrest
▼ + stars: | 2023-05-19 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Federal prosecutors allege a DC police lieutenant warned Proud Boys leader Enrique Tarrio of his impending arrest. Tarrio then passed this information on to other Proud Boys members, according to the indictment. Despite the warning, Tarrio was arrested the same day. Lamond and Tarrio sent hundreds of messages to each other between July 2019 and January 2021, prosecutors say. But the Proud Boys are still thriving despite recent prosecutions, with members focusing on targeting the LGBTQ community, specifically, drag performers, Insider previously reported.

In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Law enforcement authorities searched Garrison's home in Wisconsin on Feb. 23, and recovered his computer and cellphone, according to the complaint. The messages included ones where Garrison wrote, "fraud is fun . CNBC also found the same images on a website that purportedly sells compromised accounts on DraftKings and Fanduel, among others. Garrison is charged with conspiracy to commit computer intrusions, unauthorized access to a protected computer to further intended fraud, unauthorized access to a protected computer, wire fraud conspiracy, wire fraud and aggravated identity theft.

☆ Exploding Air Bags Prompt Feds to Demand Massive Recall: What to Know
▼ + stars: | 2023-05-16 | by ( Mike Colias | ) www.wsj.com time to read: 1 min

An ARC Automotive manufacturing plant in Knoxville, Tenn. Photo: Adam Lau/Associated PressFederal vehicle-safety regulators are calling for a recall of air-bag inflation devices that would trigger one of the largest safety actions in U.S. history, citing at least two deaths and eight injuries. The maker of the devices says it doesn’t believe a recall of that scope is necessary. Last week, the National Highway Traffic Safety Administration made public its demand that Tennessee-based ARC Automotive recall about 67 million air-bag inflators because of a risk they could explode in a crash and spray the car’s interior with metal shrapnel.

☆ Bowlero, the public company that reimagined bowling, faces dozens of discrimination claims that the feds want to settle for $60 million
▼ + stars: | 2023-05-11 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +19 min

The 73 EEOC claims brought by individual former employees against the company sparked the larger pattern or practice investigation into age discrimination. Only a fraction of EEOC age discrimination complaints — 2.8% in fiscal 2021 — resulted in reasonable cause determinations, EEOC data show. It went from running six bowling alleys to 272 overnight after it acquired AMF, which was then the largest bowling company in the world and was in bankruptcy. The following year, Shannon's company acquired the Brunswick Corporation, the second-largest bowling company in the world, and changed his company's name to Bowlero. Dowe said negotiations fell apart when Bowlero countered the EEOC's $60 million settlement proposal with a proposal of $500,000.

☆ George Santos tricked supporters into giving him money that he spent on designer clothes and credit card payments, feds allege
▼ + stars: | 2023-05-10 | by ( Natalie Musumeci | Madison Hall | ) www.businessinsider.com time to read: +3 min

Prosecutors allege embattled GOP Rep. George Santos tricked supporters into sending tens of thousands of dollars. After receiving the money, prosecutors said Santos spent thousands of dollars on designer clothes and credit card payments. Instead, Santos spent "thousands of dollars of the solicited funds on personal expenses, including luxury designer clothing and credit card payments," prosecutors allege in the indictment. Santos 2024In April, prior to being charged in New York, Santos announced his plan to run for a second term in office. This is about TAKING BACK our country and restoring greatness back to New York," Santos tweeted.

☆ George Santos once campaigned on making sure 'criminals are sent to prison to do their time.' He's now facing felony charges.
▼ + stars: | 2023-05-10 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +2 min

George Santos once campaigned on making sure all criminals do their time in jail. The congressman was hit with 13 federal charges Wednesday. He's accused of stealing supporters' money, illegally taking unemployment payouts, and lying to Congress. The feds are accusing Santos of stealing supporters' money, illegally taking unemployment payouts, and lying to Congress. If convicted of all 13 charges, the embattled freshman Congressman could face up to 20 years in prison.

☆ George Santos took unemployment for a year during the COVID pandemic despite having a $120K a year job at an investment firm, feds say
▼ + stars: | 2023-05-10 | by ( Chris Panella | Brent D. Griffiths | Jacob Shamsian | ) www.businessinsider.com time to read: +2 min

GOP Rep. George Santos took unemployment during COVID-19 while working a $120k investment job, prosecutors say. Federal prosecutors allege Santos illegally received unemployment benefits while working at an investment firm. According to court documents, Santos "applied to receive unemployment insurance benefits through the New York State Department of Labor" in June 2020. In his application, Santos "falsely claimed to have been unemployed since the week of March 22, 2020," prosecutors wrote. Santos "certified his continued eligibility for unemployment benefits on a weekly basis" from June 19, 2020, to April 15, 2021, prosecutors alleged.

☆ Russian security agents have been using a secret network of corrupted computers to spy on NATO for decades, but the US just busted it open, feds say
▼ + stars: | 2023-05-09 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

US authorities have busted open a secret computer network run by Russian security agents. FBI agents have neutralized what the Justice Department called "sophisticated malware." "Globally, the FSB has used Snake to collect sensitive intelligence from high-priority targets, such as government networks, research facilities, and journalists." Director of Russian Federal Security Service (FSB) Alexander Bortnikov attends a meeting of the service's collegium in Moscow, Russia, February 28, 2023. Top Justice Department officials praised the FBI's ability to neutralize the FSB's network.

Kids in Hammond, Indiana, are forced to climb over and through stopped trains block their way to school. Jamie Kelter Davis for ProPublicaState lawmakers have tried to curb blocked crossings by restricting the lengths of trains. Spielmaker, the Norfolk Southern spokesperson, said: "We work with first responders on a daily basis to assist however we can. A favorable court opinion could allow other states to finally enforce their laws on blocked crossings. Among those who hope to voice their concerns about the blocked crossings are rail workers themselves who worry about the kids.

☆ Feds found a smashed Xbox and more in a dumpster at Pentagon leak suspect Jack Teixeira's house. Prosecutors allege he was covering his tracks.
▼ + stars: | 2023-04-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Jack Teixeira, who is suspected of leaking secret Pentagon documents, is due back in court. In court documents, they also allege that he tried to cover up his tracks by destroying evidence. Prosecutors allege they were destroyed to try and cover his tracks. "These efforts appeared calculated to delay or prevent the government from gaining a full understanding of the seriousness and scale of his conduct," prosecutors allege in the court documents. The documents contain sensitive information about US allies — like Israel, South Korea, and Egypt — and also its adversaries, like China, Russia, and North Korea.

☆ The US economy is facing the ultimate 'trilemma' as the Fed desperately tries to get inflation down, Mohamed El-Erian says
▼ + stars: | 2023-04-20 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Policymakers are navigating a "trilemma [of] price stability, maximum jobs, and also financial stability," he told Bloomberg TV. Meanwhile, a credit contraction in the bank sector is equivalent to 25-50 basis points of tightening. "This just makes the Feds' ability to navigate this trilemma [of] price stability, maximum jobs, and also financial stability that much harder," he told Bloomberg Television Thursday. The credit contraction will have a similar effect on the economy that Fed rate hikes do, equivalent to about 25 to 50 basis points, El-Erian estimated. The central bank has been on a monetary tightening campaign for over a year, raising borrowing costs by 475 basis points to combat decades-high inflation.

Inside these boxes: Approximately $20 million worth of detained solar panels by U.S. Customs & Border Protection over suspected ties to forced labor. Shipments coming directly from China represented about $80 million worth of goods, while Malaysia accounted for $461 million and Vietnam accounted for $370 million. "UFLPA allows us to presume [goods] were produced with forced labor, and therefore they'd be excluded from the United States," said Fox. "The cotton commodity coming out of the Xinjiang region has typically been tied to forced labor," Fox told CNBC. The companies then had 30 days to come back to CBP and prove that the items were produced without forced labor.

☆ Feds seize nearly $1 billion in goods tied to forced labor
▼ + stars: | 2023-04-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFeds seize nearly $1 billion in goods tied to forced laborSince late June, federal authorities have seized $961 million worth of goods over suspected ties to forced labor, officials told CNBC. In many instances, companies have no idea their supply chain is tainted.

☆ On Inflation, the Price Is Still Wrong
▼ + stars: | 2023-04-14 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Is inflation over? That was the temporary market sigh of relief you heard Wednesday morning as the feds reported that the consumer price index for March rose a mere 0.1%. The White House chimed in with a statement from President Biden in Ireland claiming credit and noting that “inflation has now fallen by 45% from its summer peak.”Our readers understand that you can use statistics to prove just about any point as long as you pick the right comparative dates. Why did inflation surge in the first place starting in autumn 2021? The White House would prefer not to mention that.

☆ Pentagon leak suspect Jack Teixeira was reading a book on a porch when the feds showed up to arrest him
▼ + stars: | 2023-04-14 | by ( John Haltiwanger | Jake Epstein | ) www.businessinsider.com time to read: +4 min

Jack Teixeira, 21, was arrested in connection with the recent leak of secret military documents. Teixeira is a Massachusetts Air National Guardsman who worked in the 102nd Intelligence Wing. He was reading a book on a porch when federal agents arrived to arrest him. Teixeira worked in the 102nd Intelligence Wing of the Massachusetts Air National Guard. The secret military documents that were leaked on various social media platforms exposed US spying on allies and adversaries alike.

☆ Man gets prison time after feds discover $3.4 billion in stolen Bitcoin hidden inside a Cheetos popcorn tin and underground safe
▼ + stars: | 2023-04-14 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +2 min

A man convicted of stealing around 50,000 Bitcoin was sentenced Friday to a year in prison. At the it was seized, the Bitcoin was worth over $3.4 billion. Prosecutors said the crypto-currency was stolen from the Silk Road dark web marketplace. There investigators recovered more than 50,000 Bitcoin, split between "an underground floor safe and on a single-board computer that was submerged under blankets in a popcorn tin stored in a bathroom closet." A photo shared by the department shows that the crypto tin originally contained Cheetos-brand popcorn in both Flamin' Hot and Cheddar flavors.

☆ Supply chain tainted by forced labor: Feds say nearly $1 billion in goods seized since June
▼ + stars: | 2023-04-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSupply chain tainted by forced labor: Feds say nearly $1 billion in goods seized since JuneHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Andrea Day, CNBC crime and punishment reporter, joins the show to discuss her reporting on the nearly $1 billion goods seized since June that have been linked to forced labor.

☆ The Missouri official refusing to comply with the ATF has past experience with the bureau. His brother's gun shop was previously raided by the feds.
▼ + stars: | 2023-04-12 | by ( Katie Balevic | ) www.businessinsider.com time to read: +7 min

Ike Skelton's brother, Jim, had his gun shop raided by the ATF in 2021 and lost his federal firearms license. I can't just take their packet, slap it to my forehead and absorb it," Jim Skelton told KRCG-TV at the time. Kevin L. Jamison, Jim Skelton's attorney, told Insider that his client did not receive "sufficient advice" before opening his shop. We're not restricting them from enforcing their unconstitutional law," Ike Skelton told Insider. The only thing that my brother's raid did was confirm everything I thought about the ATF," Ike Skelton told Insider.

☆ Fact Check-Photo shows group of anti-Trump Republican demonstrators
▼ + stars: | 2023-04-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A photograph of a group of mostly Republican anti-Trump demonstrators at a 2021 campaign event is being miscaptioned by users online who claim that it shows hired actors dressed as white supremacists. The Lincoln Project group claimed responsibility for the demonstration, Reuters reported, saying it was intended to remind voters of the 2017 Charlottesville rally where a man who described himself as a neo-Nazi drove into a crowd of counter-protesters, killing one (here). The Lincoln Project political action committee was formed in 2019 by current and former Republicans opposed to former U.S. President Donald J. Trump, according to Ballotopedia (here). The photograph shows a demonstration by the Lincoln Project in October 2021. This article was produced by the Reuters Fact Check team.

☆ Feds propose options for managing Colorado River water shortage: 'Failure is not an option'
▼ + stars: | 2023-04-11 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +4 min

Photo taken on March 13, 2023 shows the Colorado River near Hoover Dam on the Arizona-Nevada border, the United States. The Biden administration on Tuesday released a document exploring potential solutions for managing the ongoing drought in the Colorado River Basin, which could be a step forward to imposing water delivery cuts from the Colorado River. "The Colorado River Basin provides water for more than 40 million Americans. The Colorado River has long been over-allocated, but climate change has worsened drought conditions in the region and reservoir levels have plummeted over the past couple decades. Responding to the drought will require compromise from all of the states that depend on the 1,450-mile-long Colorado River for water.

☆ A Texas judge's abortion pill ruling was 'extraordinary' because it let doctors ban a drug they neither use nor prescribe, the DOJ said in a bid to reverse the decision
▼ + stars: | 2023-04-10 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +5 min

The Justice Department filed an emergency motion seeking a stay on last week's abortion pill ruling. Anti-abortion activists lacked standing to challenge FDA approval of the drug, the department says. But anti-abortion doctors are neither in a position to use nor prescribe mifepristone, the DOJ said. Feds criticize anti-abortion studyIn their filing, Justice Department lawyers also took aim at the sources Judge Kacsmaryk cited to justify his decision. The Justice Department, in turn, described the source as "an article" that was "based entirely on fewer than 100 anonymous blog posts submitted to a website titled 'Abortion Changes You.'"

☆ Wind and solar power generators wait in yearslong lines to put clean electricity on the grid, then face huge interconnection fees they can't afford
▼ + stars: | 2023-04-06 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +18 min

The local utility in charge of overseeing the interconnection process told Pine Gate it would be more than $30 million. Pine Gate had to terminate the project because it couldn't afford the new fees, its vice president of regulatory affairs, Brett White, told CNBC. "Those projects ended up withdrawing from the queue or terminating, because they don't pencil anymore," White told CNBC. "There is Texas, and then there's the rest of the country with respects to interconnection," White of Pine Gate told CNBC. And that means getting those engineers out of some of the rote manual data entry and into the actual analysis," White told CNBC.

☆ This former Trump White House official says Republicans are 'such nerds' for pushing a 'ridiculous' ban on TikTok
▼ + stars: | 2023-04-06 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

But John McEntee, a former Trump White House official, thinks that's "ridiculous." But John McEntee, who worked as a top White House staffer when former President Donald Trump attempted to ban the app via executive order, says he's unabashedly "pro-TikTok" and insists the push from the right to ban the Chinese-owned app is "ridiculous." "I think Republicans are such nerds for even doing this," McEntee, the one-time Director of the Official of Presidential Personnel, told Insider in an interview on Thursday. In that job, he reportedly scrutinized White House staffers for their perceived loyalty and played a significant role in the effort to pressure Vice President Mike Pence to overturn the election results on January 6, 2021. In one widely-viewed TikTok, McEntee dances to Demi Lovato's "La La Land" while riffing on liberals attending their first protest, making hand-horns as Lovato sings the phrase "converse with my dress."

☆ 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.

☆ The FDIC’s Sweetheart Bank Deal for SVB
▼ + stars: | 2023-03-28 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

First Citizens Bank headquarters on March 27 in Raleigh, North Carolina. First Citizens BancShares on Sunday night was the lucky winner of the bidding to buy the assets of Silicon Valley Bank, and what a deal it is. Rather than minimize the cost to the deposit insurance fund as required by law, the Federal Deposit Insurance Corp. seems to have chosen the best political match. North Carolina-based First Citizens will acquire all of SVB’s deposits, loans and branches but leave $90 billion in securities and other assets with the FDIC. First Citizens will buy SVB’s $72 billion in loans at a sizable $16.5 billion discount and share future losses or gains with the FDIC.

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