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But many Syracuse residents feel that a potential threat to their health is being ignored. “This is morally outrageous.”City officials say that more than 14,000 homes receive water from lead pipes, which comprises about a quarter of residences citywide. In Syracuse, officials say there is no lead in the lake that provides drinking water to residents. That’s faster than EPA guidelines that call for lead pipes to be replaced within a decade. Activists hope Syracuse officials will learn lessons from the Flint water crisis, during which almost 30,000 children drank and bathed in lead-laced water before the EPA stepped in.
Persons: retesting, Maureen Murphy, Mike Groll, , Erik Olson, NRDC, Greg Loh, Loh, “ We’ve, ” Loh, Robert Brandt, ” Brandt, Oceanna, Fair, Ella, it’s, Dr, Nicole Brescia, Ella’s, Kyla Guilfoil, Erin McLaughlin, Emily Berk, Elizabeth Chuck Organizations: Syracuse City Hall, Environmental Protection Agency, Centers for Disease Control, CDC, EPA, Natural Resources Defense Council, Syracuse, NBC News, New York State Department of Health, Water, Oceanna, Health Department Locations: SYRACUSE, New York, Flint , Michigan, Syracuse, N.Y, Flint, Michigan, week’s, , Onondaga County
Peanut, the Instagram-famous squirrel that was seized from its owner's home Wednesday, has been euthanized by New York state officials. The statement said one of the officials involved in the investigation into Peanut and Fred was bitten by the squirrel. Longo brought Peanut him home, ultimately caring for the squirrel for eight months before trying to release it back into the wild. Since then, Peanut has won over the internet's hearts, amassing 537,000 followers on his Instagram page run by Longo. To the group of people who called DEC, there’s a special place in hell for you," Longo wrote on Peanut's Instagram Wednesday.
Persons: Fred, Mark Longo, Peanut, Longo, " Longo, Peanut's, Organizations: The New York State Department of Environmental, of Health, of Environmental, AP, DEC, Upstate Locations: New York, Chemung County, Pine City, N.Y, New York City, Pine County , New York, Upstate New York
Andrew Cuomo to the Department of Justice, alleging he made “criminally false statements” during closed-door testimony in June 2024. In the Republican-led committee’s referral, it says Cuomo “knowingly and willfully made materially false statements” to the panel during its investigation into the New York’s Covid-19 response. Cuomo also denied having discussions about the July 6 report being peer reviewed, according to the panel, which said documents show otherwise. The panel said Cuomo was not under oath during his testimony but was required to answer questions truthfully to Congress. Cuomo’s plan to centralize the pandemic response in the governor’s office also has received criticism, including from an independent report commissioned by his successor, Gov.
Persons: Andrew Cuomo, General Merrick Garland, Cuomo “, , Cuomo, , Rich Azzopardi, ” Azzopardi, Rita Galvin, Galvin, Elise Stefanik, Brad Wenstrup, ” Wenstrup, “ You’re, Trump, ” Cuomo, Kathy Hochul Organizations: U.S, New York Gov, Department of Justice, Republican, of Health, U.S . Rep, , Ohio Republican Locations: New York,
In the U.S. overall this year, a concerning, though not unprecedented, number of dengue, EEE and West Nile cases have been reported. “With climate change, we’re basically extending the mosquito season,” said Chantal Vogels, an assistant professor of epidemiology at the Yale School of Public Health. In the U.S., cases have outpaced those of West Nile virus, which is typically more prevalent. This year, Clark County, Nevada, has seen a particularly high number of West Nile cases: 23. “We consider New York state residents to be at risk for West Nile virus every summer,” she said.
Persons: Jennifer White, it’s, , ” Barbara Ferrer, Anthony Fauci, Chantal Vogels, Nirbhay Kumar, George Washington, , Vogels, Nile, White, Thomas Jaenisch, ” White Organizations: Angeles County Department of Public Health, U.S, National Institute of Allergy, Yale School of Public Health, U.S ., Centers for Disease Control, George Washington University’s Milken Institute School of Public Health, World Health Organization, WHO, Southern, Southern Nevada Health, New York State Department of Health, Colorado School of Public Health, Gulf Locations: New York, U.S, California, Los Angeles County, EEE, West, New Hampshire, Vermont, Arizona , California, Florida, Hawaii, Texas, Puerto Rico, U.S . Virgin Islands, Los Angeles, West Nile, Clark County , Nevada, Southern Nevada, Massachusetts, New Jersey, Rhode Island , Vermont, Wisconsin, Gulf Coast
GLENDALE, Ariz. — Former independent presidential candidate Robert F. Kennedy Jr. said Saturday he is being investigated for collecting a whale specimen. Kennedy said that he responded in a letter, baselessly linking the National Marine Fisheries Service with whale deaths and calling for the agency to investigate. Kennedy did not go into details about the whale incident, but his daughter had previously described a situation involving a whale that took place 30 years ago. Kennedy endorsed Trump in August and has since been on the campaign trail urging supporters to back the former president. The National Marine Fisheries Service, which is part of the National Oceanic and Atmospheric Administration, did not immediately respond to a request for comment and confirmation Saturday night.
Persons: Robert F, Kennedy Jr, Kennedy, Donald Trump, Kathleen ", Tulsi Gabbard, Trump, I’m, Brett Hartl, Alex Tabet, Megan Lebowitz Organizations: National Marine Fisheries Institute, National Marine Fisheries Service, Town, Hawaii Rep, Trump, Arizona Christian University, NBC News, National Oceanic, Atmospheric Administration, Center for Biological Diversity, New York State Department of Environmental Conservation Locations: GLENDALE, Ariz, Glendale , Arizona, Central Park, Washington ,
The next highest level was found in cinnamon powder from EGN (2.91 ppm), followed by Mimi’s Products ground cinnamon (2.03 ppm), ShopRite Bowl & Basket ground cinnamon (1.82 ppm), Rani Brand ground cinnamon (1.39 ppm), Zara Foods cinnamon powder (1.27 ppm), Three Rivers cinnamon stick powder (1.26 ppm), Yu Yee Brand five spice powder (1.25 ppm), BaiLiFeng five spice powder (1.15 ppm), Spicy King five spices powder (1.05 ppm), Badia cinnamon powder (1.03 ppm) and Deep cinnamon powder (1.02 ppm). told CNN via email that the company’s ground cinnamon products comply with all federal and international law. These include ground cinnamon and organic ground cinnamon sold by 365 Whole Foods Market, which contained 0.12 ppm and 0.02 ppm of lead, respectively. Morton & Bassett San Francisco 100% organic ground cinnamon, Loisa organic cinnamon and Sadaf cinnamon powder tested at 0.04 ppm of lead. The latest, published in August, listed 10 different cinnamon products with levels as high as 3.93 ppm of lead.
Persons: Paras, Rani, Yu Yee, EGN, Mimi’s, Nuria Lambert, Karen O’Shea, Alina Lasta, ” Guitar, Bassett, James Rogers, ” Rogers, Rogers, , Dr.Pieter Cohen, Cohen, we’re, ” Cohen, Courtney Rhodes, Rhodes Organizations: CNN, Consumer Reports, Mimi’s, ShopRite, Consumer, Mimi’s Products, Wakefern Food Corp, Badia Spices, FDA, American Spice Trade Association, World Health Organization, Food and Agriculture Organization, United, New York State Department of Health, US Environmental Protection Agency, WHO, Morton, Bassett San, WanaBana, Weis, Food and Drug Administration, Cambridge Health Alliance, Biden, Food Locations: Zara, Badia, United Nations, New York, Connecticut , New Jersey, Bassett San Francisco, Ecuador, Schnucks, Somerville , Massachusetts
The hearing focused in on nursing home deaths and a controversial March 2020 directive from the New York State Department of Health on hospital discharges and nursing home admissions. “You own this,” Republican Rep. Brad Wenstrup of Ohio, chairman of the subcommittee, told Cuomo at the outset of the hearing. The former governor has defended his handling of the pandemic, saying that the state followed federal guidelines. New York State Attorney General Letitia James issued a report in 2021 finding that the New York State Department of Health undercounted Covid-19 deaths among nursing home residents by approximately 50%. The New York health department undercounted the number of Covid-19 deaths in nursing homes by thousands during Cuomo’s time in office, an audit conducted by state officials found in 2022.
Persons: Andrew Cuomo, Donald Trump’s, Cuomo, ” Cuomo, Brad Wenstrup of, Raul Ruiz, , Gov . Cuomo, Nicole Malliotakis, “ you’ve, you’ve, That’s, Wenstrup, Kathy Hochul’s, Hochul, ” Wenstrup, Avi Small, , Anthony Fauci, Azzopardi, Letitia James, New York State Department of Health undercounted, Critics, Kathy Hochul, James ’, CNN’s Paul LeBlanc, Annie Grayer, Piper Hudspeth Blackburn Organizations: CNN, Former New York Gov, GOP, Trump, Democrat, New York State Department of Health, Republicans, ” Republican, Gov, New, New York Republican, , Centers, Medicare, Services, US Centers for Disease Control, Department of Health, National Institute of Allergy, New York, Department of Justice, New York State Assembly, New York Gov Locations: Brad Wenstrup of Ohio, New York, New York City, York, Manhattan
The New York State Department of Environmental Conservation "led the 2014 investigation and forensic analysis into the Central Park bear cub," the agency said in a statement Monday. The discovery of the dead cub in the middle of Manhattan made headlines in October of 2014, but investigators at the time were not able to determine how it got there. The agency said it's against the law to dispose of a dead bear the way Kennedy said he did. New York Police and New York State Environmental Conservation officers handle the body of bear cub that found dead under bushes in Central Park, New York on Oct. 6, 2014. “Wondering how to dispose of a dead animal in New York City?” a post on the department’s X account read.
Persons: Robert F, Kennedy Jr, Kennedy, Roseanne Barr, he'd, Stefan Jeremiah, Ron Kuby, Kuby, Kennedy's, Organizations: The New York State Department of Environmental, Manhattan, Yorker, DEC, New York Police, New, Environmental Conservation, Department of Sanitation Locations: New York, Central Park , New York, New York City
A sexually transmitted fungal infection, TMVII, has been reported in the US for the first time. The infection, which resembles eczema, often affects men who have sex with other men. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementResearchers in New York are warning that a sexually transmitted fungal infection that can take months to resolve has been reported for the first time in the US. This story is available exclusively to Business Insider subscribers.
Persons: TMVII, Organizations: Service, New York University, New York State Department of Health, Business Locations: New York, New York City, England, Greece, California, Albany
The Supreme Court sided with the National Rifle Association on Thursday, saying it could pursue a First Amendment claim against a New York state official who had encouraged companies to stop doing business with it after the 2018 school shooting in Parkland, Fla.Justice Sonia Sotomayor, writing for a unanimous court, found that the N.R.A. had plausibly claimed a violation of the First Amendment, sending the case back to the U.S. Court of Appeals for the Second Circuit, in New York, for further proceedings. The N.R.A., in asking the Supreme Court to hear the case, cited what it described as the enormous regulatory power of the state official, Maria T. Vullo, a former superintendent of the New York State Department of Financial Services. A court decision siding with Ms. Vullo, the group warned, would open the door to government officials making similar pleas about hot-button issues like abortion and the environment. Ms. Vullo, in court filings, has pushed back again the N.R.A.’s allegations that she undermined the First Amendment.
Persons: Sonia Sotomayor, Maria T, Vullo Organizations: National Rifle Association, U.S ., Appeals, Second Circuit, New York State Department of Financial Services Locations: New York, Parkland, Fla
Things are so bad that even tech workers, who make some of the highest salaries of any profession, are feeling the crunch. Entry-level tech workers made an average of $75,262 in 2023, and could only afford 2.1% of studio and one-bedroom rental apartments in the city, StreetEasy found. "If these tech employees can't afford housing, then who can?" But even as New York City has created 800,000 new jobs in the last 10 years, it's only built 200,000 new homes. The average tech worker makes 52% more per year than the average worker in New York City, the StreetEasy report noted.
Persons: StreetEasy, Julie Samuels, Samuels, , Kenny Lee, Eric Adams, Kathy Hochul, Hochul, Adams Organizations: Service, Apple, Business, Tech, New York City, New York State Department of Labor, York City, New York, Yorkers Locations: New York, Manhattan, York City, San Francisco, New York City, StreetEasy, Yorker, York
Dear Tripped Up,In September 2022, I booked a 17-day Arabian Sea cruise through Vantage Travel Services to celebrate my 80th birthday with my wife. I used my credit card to leave a $2,000 deposit and paid the remaining $17,905 shortly afterward by bank transfer. I also bought the Worldwide Trip Protector plan from Travel Insured International (for $1,954), in part because it covered financial default and bankruptcy of cruise lines. My credit card returned the $2,000, and I filed an insurance claim for $17,905. For nearly five months, Travel Insured International and its parent company, Crum & Forster, did not respond to my detailed inquiries.
Persons: Michael, Forster, Amy Whilldin, Organizations: Vantage Travel Services, Travel, Vantage, New York State Department of Financial Services, Crum, New York Department of Financial Services, New York Locations: Smithtown, Boston, New York, Pennsylvania, New York State
Pursuit, a nonprofit job-training program in Queens, was in trouble. “It felt like staring into the abyss.”While small, Pursuit has a track record of success, helping to lift low-income workers into good-paying jobs as software engineers. Experts say it is at the forefront of emerging trends in upward mobility programs for low-income Americans. Its model of coursework, mentorship and financing does not look like a traditional school. Its technical instruction is constantly updated to meet employers’ needs and tailored to individual learners.
Persons: , Jukay Hsu, Pursuit’s Organizations: New York State Department of Education Locations: Queens
Robbi Mecus, a New York State forest ranger who led search-and-rescue missions and became a prominent voice within the L.G.B.T.Q. climbing community, died after falling about 1,000 feet from a peak at Denali National Park and Preserve in Alaska on Thursday. Her death was confirmed by the New York State Department of Environmental Conservation, where she worked for 25 years. Ms. Mecus, who worked mostly in the Adirondacks, searched for and rescued lost and injured climbers facing hypothermia and other threats in the wilderness. She then worked to foster a supportive community for lesbian, gay, bisexual, transgender, queer and questioning climbers in the North Country of New York.
Persons: Robbi, Mecus Organizations: New, and, New York State Department of Environmental Locations: New York State, Alaska, New York City, New York
Andrew Cuomo, after being subpoenaed last month, has agreed to testify to Congress about his controversial nursing home advisory from the early days of the Covid-19 pandemic, Rep. Brad Wenstrup told CNN’s Jake Tapper on Friday. Cuomo has insisted that advisory was consistent with guidance from the Centers for Medicare and Medicaid Services and the Centers for Disease Control and Prevention. However, his upcoming appearance before lawmakers is a sign of continuing scrutiny over his handling of long-term care facilities during the pandemic. The voluntary agreement means that Cuomo will participate with a transcribed interview rather than a deposition. Wenstrup told Tapper on Friday that the panel will also hear from Cuomo’s former secretary Melissa DeRosa and former commissioner of the New York State Department of Health Dr. Howard Zucker.
Persons: Andrew Cuomo, Brad Wenstrup, CNN’s Jake Tapper, “ Governor Cuomo, ” Wenstrup, “ I’m, Cuomo, Wenstrup, Rich Azzopardi, , Letitia James, New York State Department of Health undercounted, Thomas DiNapoli, Tapper, CNN’s KFile, Melissa DeRosa, Howard Zucker, James ’, CNN’s Veronica Stracqualursi, Kaanita Iyer Organizations: CNN, Former New York Gov, Ohio Republican, Democratic, Centers, Medicare, Services, Centers for Disease Control, New York, New York State Department of Health Locations:
More than two-thirds of Hispanic construction workers in America are foreign born. Working without a safety netFor the workers paid to rebuild the bridge, the job will be grueling — and dangerous. CNNWork-related deaths among foreign-born Hispanic or Latino workers rose to their highest level in 2021, according to the most recent Bureau of Labor Statistics data. Fourteen percent of all work-related fatalities in 2021 were foreign-born Hispanic or Latino workers, and most of them worked in construction. The agency’s reports also “consistently show” that Latino and/or immigrant workers are less likely to report employer health and safety violations.
Persons: Francis Scott Key, We’re, It’s, Reinaldo Quintero, , Carlos Hernández, Miguel Luna, Yassir Suazo Sandoval, Jose Mynor Lopez, Dorlian Castillo Cabrera, , Saket Soni, Alejandro Hernandez Fuentes, Soni, ” Quintero, ’ ”, Sean McGarvey, Ligia Guallpa, Quintero, Hurricane Michael, Reinaldo Quintero “, ” Guallpa, Guallpa, Hurricane, Dave Einsel, ” Soni, Ron DeSantis ’, Fort Organizations: New, New York CNN, Bureau of Labor Statistics, CNN, Key, CNN Construction, Resilience Force, Force, of Labor Statistics, New York Committee, Occupational Safety, Health, York, New York State Department of Labor, Workers, North, Unions, Worker’s, Hurricane, Panama City, Safety, Health Administration, Historic New, New York Times, Gov Locations: New York, America, Louisiana, Hurricane, Florida, Mexico, Guatemala, El Salvador, Honduras, United States, New York City, North America’s, Canada, Venezuela, Panama, Baltimore, New Orleans, Texas, North Carolina, Historic New Orleans, Fort Meyers
A majority of the Supreme Court appeared on Monday to embrace arguments by the National Rifle Association that a New York State official violated the First Amendment by trying to dissuade companies from doing business with it after a deadly school shooting. The dispute, which began after a gunman opened fire in 2018 at Marjory Stoneman Douglas High School in Parkland, Fla., was one of two cases on Monday that centered on when government advocacy crosses a line to violate the Constitution’s protection of free speech. After the shooting, which killed 17 students and staff members, Maria Vullo, then a superintendent of the New York State Department of Financial Services, said banks and other insurance companies regulated by her agency should assess whether they wanted to continue providing services to the N.R.A. The gun rights group sued, accusing Ms. Vullo of unlawfully leveraging her authority as a government official.
Persons: Marjory Stoneman, Maria Vullo, Ms, Vullo Organizations: National Rifle Association, New York State, Marjory Stoneman Douglas High School, New York State Department of Financial Services Locations: Parkland, Fla
CNN —An upstate New York man was forced to say “see you later, alligator” to his unusual pet after local authorities determined he was keeping the reptile illegally. Environmental Conservation police officers seized the 11-foot, 750-pound pet alligator from a Hamburg home on Wednesday, according to a Facebook post from the New York State Department of Environmental Conservation. “I’m Albert’s dad, that’s all there is to it,” his owner Tony Cavallaro told WKBW. “He’s like family to everybody.”Cavallaro told WKBW his license to own Albert had expired in 2021 and he tried unsuccessfully to renew it with the Department of Environmental Conservation. Owning any animal classified as a “dangerous animal” – including alligators – is illegal in New York unless the owner has a Dangerous Animal License from the Department of Environmental Conservation.
Persons: , Albert, that’s, Tony Cavallaro, WKBW, , ” Cavallaro Organizations: CNN, Environmental Conservation, New York State Department of Environmental Conservation, Facebook, WKBW, Department of Environmental Conservation, Environmental, Locations: upstate New York, Hamburg, Erie, New York, Erie County , New York, Buffalo
The alligator’s name was Albert Edward. He was 11 feet long, 750 pounds heavy and 34 years old, and until this week, he lived in a pool house attached to his owner’s home in Hamburg, N.Y., about 13 miles south of Buffalo. The alligator’s owner had built an addition to his house where Albert lived in an in-ground swimming pool, according to the department. It is illegal to own an alligator in New York unless you have a license, according to a statement from the department. But those licenses are only for “scientific, educational, exhibition, zoological or propagation purposes,” the department’s website said.
Persons: Albert Edward, Albert Organizations: New York State Department of Environmental Locations: Hamburg, N.Y, Buffalo, New York
Sen. Elizabeth Warren has criticized Corizon successor company YesCare for its opaque corporate structure. Yet Geneva's track record is scant; it only incorporated in November 2021, six months before it got the YesCare contract. AdvertisementOnly one agency with a YesCare contract told BI it was aware of the extent to which YesCare had outsourced its operations. AdvertisementAn October 2022 YesCare bid document, submitted to the Alabama Department of Corrections, says PharmaCorr will dispense all prescription medications for YesCare. AdvertisementThe agreement between Geneva and prison healthcare provider YesCare requires YesCare to pay at least $500,000 a month to Geneva.
Persons: Sen, Elizabeth Warren, Corizon, YesCare, , Dick Durbin, Raphael Prober, Prober's nonanswer, Warren, Christopher M, Lopez, Robert Green, Corizon —, Green, Lori Mayer, Aaron Kaufman, Chris Atkinson, Joel Landau, Tehum, Martin Horn, Alabama Department of Corrections YesCare, Thomas Mailey, Bryan Baker, Isaac Lefkowitz, Perigrove, — Lefkowitz, Lefkowitz, David Gefner, Gefner, Storm Harper, PharmaCorr, Jeff Sholey, Steven Weiss, Atkinson, Sara Tirschwell, Zalman Shapiro, Tirschwell, Michael Farrier, Jeffrey Sholey, Judge Lopez Organizations: Service, Corizon Health, Business, Getty, YesCare Holdings, Justice Department, Tehum Care Services, Geneva Consulting, Genesis Healthcare, BI, Geneva, American Correctional Association, . Maryland Department of Public Safety, Correctional, CHS, PharmaCorr, University of West, of Health, Allure, New York State Department of Health, Public, New York City Department of Correction, Alabama Department of Corrections, Alabama, New York State Department of Corrections, Community Supervision, Doña, Okaloosa, LinkedIn, YesCare, YesCare . Alabama Department of Corrections, Gefner, Court, Western, of, Corizon's, Florida's, Florida's Hillsborough County Sheriff's, Tehum's Locations: Missouri, Houston, Texas, Geneva, Florida, Alabama, New Jersey, YesCare, University of West Florida, Connecticut, Massachusetts, Riker's, Doña Ana County, New Mexico, Okaloosa County , Florida, Wyoming, Maryland, Colorado , Florida, North Carolina, Suffern , New York, YesCare's Alabama, of Missouri, Florida's Hillsborough County
Public sector opportunities vary but there are some key sites to scan if you're interested in a job. Government job openings peaked with 1,120 job openings in May 2023, FRED data shows, which is a 75% increase from two years prior. Federal, state, local, and contracting jobs are listed on different platforms and some of these roles may require certifications or clearances depending on the job description. You'll want to start by making a profile on the site, which will allow you to cater your job search to roles that you qualify for. Usually, these sites will have an FAQ page about how to get a job within the state or county.
Persons: , FRED, Here's, usajobs.gov, USAjobs.com, You'll, Clearancejobs.com Organizations: Service, Tech, York State Department of Locations: TikTok, Federal, State, New York
Bitcoin stages a $1 trillion comeback
  + stars: | 2024-02-20 | by ( Anna Cooban | ) edition.cnn.com   time to read: +2 min
London CNN —Bitcoin is back with a $1 trillion dollar bang. In contrast to traditional currencies, the supply of bitcoin is limited and is expected to peak in 2140, according to the price-tracking website for cryptocurrencies. The value of bitcoin has risen nearly 13% since January 10, when US regulators gave the green light to investment firms wishing to offer such funds. In January, before approving bitcoin exchange-traded funds, Gary Gensler, chair of the US Securities and Exchange Commission, said on X: “A number of major platforms & crypto assets have become insolvent and/or lost value. Investments in crypto assets continue to be subject to significant risk.”
Persons: London CNN — Bitcoin, ” Gareth Rhodes, Gary Gensler, Organizations: London CNN, cryptocurrencies, CNN, New York State Department of Financial Services, US Securities and Exchange Commission Locations: CoinMarketCap, bitcoin
There are a few key forces forces driving the latest bitcoin euphoria, including an influx of money from investors in newly launched bitcoin exchange-traded funds and excitement over the halving, when the rate of bitcoin production is slashed. “Which is exciting because if history rhymes, the next 12-18 months is going to be a scorcher for crypto.”The halving hypeThe halving, also called the “halvening,” is a foundational concept in the bitcoin philosophy. In 2016, it was about almost 800% over that two-year period; for the 2020 halving, investors saw a 700% gain. The imminent bitcoin halving is setting up a grand chess game in the markets, Henry Robinson, co-founder of Decimal Digital Currency, said in an email. The timing of this year’s halving is also significant, coming just a few months after the US Securities and Exchange Commission approved the first spot bitcoin ETFs.
Persons: New York CNN —, Bitcoin, bitcoin, , Antoni Trenchev, Gareth Rhodes, bitcoin’s, Rhodes, Henry Robinson, ” Robinson, , it’s Organizations: New, New York CNN, New York State Department of Financial Services, Decimal, US Securities and Exchange Commission, BlackRock, Fidelity, Bloomberg Locations: New York, bitcoins
Genesis Global Trading closed its U.S. spot trading operations in September. Its parent company, Genesis Global Holdco, filed for bankruptcy a year ago. Photo: Gabby Jones/Bloomberg NewsCrypto brokerage firm Genesis Global Trading has agreed to pay $8 million in a settlement with New York state’s financial regulator over alleged failings in its anti-money-laundering and cybersecurity programs. Genesis Global Trading, part of the now-bankrupt Genesis Global Holdco LLC, closed its U.S. spot crypto trading operations in September and is in the process of winding down. As part of its settlement with the New York State Department of Financial Services, the trading unit will surrender its BitLicense, which allowed it to operate a crypto business in New York, the regulator said in a statement Friday.
Persons: Gabby Jones Organizations: Genesis, Bloomberg, New York, Global, New York State Department of Financial Services Locations: New, New York
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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