DIRS.INFO The most relevant business & tech news

☆ If Trump declares victory before votes are counted, 'it will fail,' Harris campaign says
▼ + stars: | 2024-11-01 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Former US President Republican presidential candidate Donald Trump arrives, more than 3 hours late, to a campaign rally in Traverse City, Michigan on October 25, 2024. A senior official in the presidential campaign of Kamala Harris said Friday they "fully expect" Donald Trump to declare victory before votes are fully counted on Election Day evening. It failed," said the official, who spoke on the condition of anonymity in a press call, according to NBC News. The official said Republican nominee Trump "lies all the time" and is already seeking "to sow doubt about a loss that he anticipates is coming" on Tuesday against Harris, the Democratic nominee and current vice president. The call came on the heels of baseless claims by Trump that there is large-scale "cheating" going on in voting in Pennsylvania, a key swing state in the election.

Persons: Donald Trump, Kamala Harris, Trump, Harris Organizations: US, Republican, NBC News, Democratic, Trump Locations: Traverse City , Michigan, Pennsylvania

☆ Elon Musk $1 million voter lottery suit sent back to state court
▼ + stars: | 2024-11-01 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as he speaks about voting during an America PAC Town Hall in Folsom, Pennsylvania, U.S., October 17, 2024. A federal judge in Pennsylvania on Friday sent back to state court a lawsuit against billionaire Elon Musk and his political action committee seeking to halt their $1 million daily giveaway to voters in the swing state. The order returning the case to state court in Philadelphia came a day after the suit by the city's District Attorney Larry Krasner was removed to federal court at the request of the Tesla CEO Musk and his America PAC. Krasner's lawsuit accuses Musk and the PAC of running an illegal lottery by offering a random cash prize to registered voters in Pennsylvania. Friday's ruling sets the stage for Krasner to potentially obtain a quick order in the Philadelphia Court of Common Pleas blocking America PAC from awarding any more $1 million prizes to registered voters in the state.

Persons: Elon Musk, Donald Trump, Larry Krasner, Musk, Krasner, Gerald Pappert, Pappert, John Summers Organizations: PAC Town Hall, America PAC, PAC, District Attorney, America Locations: Folsom , Pennsylvania, U.S, Pennsylvania, Philadelphia, city's

☆ Elon Musk seeks to move $1 million voter lottery lawsuit to federal court
▼ + stars: | 2024-10-31 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Elon Musk and his political action committee are seeking to move the Philadelphia District Attorney's lawsuit targeting their $1 million swing state voter daily lottery to federal court from a state-level court. It is not clear what will happen at the hearing, given the notice of removal in federal court. As a rule, federal law bars a state court proceeding from taking place if a party in the case has filed a notice of removal to federal court and a copy of that notice is filed with the state court. The notice filed in federal court by lawyers for Musk and his America PAC argue that because that PAC is registered as a federal entity, it is not subject to state law. Krasner's lawsuit, which claims Musk's $1 million giveaway is an illegal, unregulated lottery, was filed in Court of Common Pleas on Monday.

Persons: Elon Musk, Dave McCormick, Larry Krasner's, Musk, Krasner's Organizations: SpaceX, Tesla, Republican, U.S, Elon, Philadelphia District, Musk, America PAC, Philadelphia Locations: Pittsburgh , Pennsylvania, Pennsylvania

☆ Harris plays cleanup on Biden 'garbage' comment
▼ + stars: | 2024-10-30 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

Vice President Kamala Harris on Wednesday distanced herself from President Joe Biden's controversial comment that appeared to label supporters of former President Donald Trump as "garbage." Harris also said that Biden had "clarified" the comment he made Tuesday. "Just the other day, a speaker at his rally called Puerto Rico a 'floating island of garbage,'" Biden said on the call. In this version, it seemed that Biden was saying the "garbage" was Hinchcliffe's demonization of Latinos, not Trump supporters. In 2020, Biden beat Trump in the state by fewer than 81,000 votes, a margin of less than 1.2%.

Persons: Kamala Harris, Joe Biden's, Donald Trump, Harris, Biden, Tony Hinchcliffe, It's, we've, Trump, Hillary Clinton Organizations: Democratic, Air Force, Joint Base Andrews, GOP, Puerto Ricans, Trump, White, Puerto Rico spewed, Puerto Rican, Biden Locations: Maryland, Raleigh , North Carolina, New York City, Puerto Rico, Puerto, Madison, Puerto Rico . Pennsylvania, Pennsylvania

☆ Elon Musk ordered to attend $1 million voter lottery suit hearing in Philadelphia court
▼ + stars: | 2024-10-30 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

The attorney asked the judge for an order that "requires attendance of all of the parties, i.e., DA Krasner, a representative of America PAC and Mr. "All parties must be present at the time of the hearing," the judge said in the order Wednesday. Krasner's lawsuit accuses Musk and America PAC of operating an illegal lottery and trying to influence voters in the presidential election between Vice President Kamala Harris and former President Donald Trump. Musk and America PAC are backing Trump, the Republican nominee. Musk and attorneys for him and his PAC did not immediately respond to a request for comment from CNBC.

Persons: Elon Musk, Donald Trump, Larry Krasner, Musk, Krasner, DA Krasner, Kamala Harris, Trump, CNBC's Lora Kolodny Organizations: Republican, Philadelphia District, America PAC, Musk, CNBC Locations: Butler , Pennsylvania, Philadelphia, Pennsylvania

Former FTX executive Nishad Singh was sentenced to time served and three years of supervised release on Wednesday, becoming the fourth ex-employee of the collapsed crypto exchange to be punished. He asked Judge Kaplan to show Singh "the same compassion he has shown others his entire life." Ray said Singh made substantial productions of documents, and he voluntarily returned Bahamian real estate purchased with FTX funds. Ryan Salame, another former top lieutenant of Bankman-Fried, was sentenced to seven and a half years in prison in May. WATCH: Caroline Ellison sentenced to two years in prison for role in FTX collapse

Persons: Nishad Singh, Claire Watanabe, Singh, Judge Lewis Kaplan, Sam Bankman, Caroline Ellison, Ellison, spiraled, Fried, Andrew Goldstein, Nicolas Roos, Roos, Judge Kaplan, Gabe, John Ray, Ray, Ryan Salame, Gary Wang, FTX, — CNBC's Dan Mangan Organizations: Engineering, Exchange, New, Alameda Research, Southern, of, Prosecutors Locations: New York, Alameda, Bankman, of New York, Manhattan, Bahamian

☆ Trump appointed judge Aileen Cannon refuses to recuse from attempted assassination case
▼ + stars: | 2024-10-29 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

"Defendant cites a series of factors which he believes, when viewed in their totality, create an appearance of partiality," Cannon wrote. "Accordingly, the Constitution and the federal recusal statute require Your Honor to recuse herself from this case." She also wrote that Routh's case, like two other ones involving Trump that she presided over, "were randomly assigned to me through the Clerk's random assignment system. "I will not be guided by highly inaccurate, uninformed, or speculative opinions to the contrary," Cannon wrote. Cannon brushed aside the speculation that Trump would elevate her to a higher judicial seat or to the U.S. Attorney General's Office.

Persons: Donald Trump, Trump, Aileen Cannon, Ryan Routh, recusing, Cannon, Routh, Kamala Harris, Attorney General's Organizations: Trump, Federal, Office, ABC, U.S, Secret Service, Attorney Locations: Florida, U.S, West Palm

☆ Washington Post loses a reported 200K digital subscriptions, 3 editorial board members over endorsement veto
▼ + stars: | 2024-10-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC. The Washington Post reportedly has lost more than 200,000 digital subscriptions, and three members of its editorial board have stepped down on the heels of its decision not to endorse a candidate in the presidential election between Vice President Kamala Harris and former President Donald Trump. That is the same number of editorial board members who resigned from the Los Angeles Times' board in protest of that newspaper's decision not to endorse a presidential candidate. A Post spokesperson declined to comment on either the subscription losses or editorial board resignations when contacted Monday by CNBC. The Post's editorial page had planned to endorse Harris, the Democratic nominee, according to the newspaper's own reporting.

Persons: Kamala Harris, Donald Trump, NPR's David Folkenflik, Molly Roberts, David Hoffman, Mili Mitra, Joe Biden, Will Lewis, Jeff Bezos, Harris Organizations: Washington Post, Franklin, Los Angeles Times, CNBC, Gannett, Trump, Amazon, Democratic Locations: Washington ,, United States

☆ Jeff Bezos defends Washington Post non-endorsement, says Americans 'don't trust' media
▼ + stars: | 2024-10-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Amazon founder Jeff Bezos arrives for his meeting with British Prime Minister Boris Johnson at the UK diplomatic residence in New York City, Sept. 20, 2021. Washington Post owner Jeff Bezos in an op-ed published Monday evening defended the newspaper's recent controversial decision not to endorse a candidate in the presidential election as a "meaningful step in the right direction" to reverse the loss of trust in the media by Americans. "I sighed when I found out, because I knew it would provide ammunition to those who would like to frame this as anything other than a principled decision," Bezos wrote. Even Limp didn't know about it in advance; the meeting was scheduled quickly that morning," Bezos wrote. "There is no connection between it and our decision on presidential endorsements, and any suggestion otherwise is false.

Persons: Jeff Bezos, Boris Johnson, Bezos, —, Will Lewis, Kamala Harris, Donald Trump, Dave Limp, Lewis, Limp Organizations: British, Washington Post, NPR, Amazon, Origin, Trump Locations: New York City

☆ Philadelphia DA sues Elon Musk PAC to stop $1 million lottery for voters
▼ + stars: | 2024-10-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Tesla CEO and X owner Elon Musk gestures on stage during a rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden, in New York, U.S., October 27, 2024. The Philadelphia District Attorney's Office filed a lawsuit seeking to stop a political action committee controlled by billionaire Elon Musk from awarding $1 million to registered voters in swing states. "The Philadelphia District Attorney is charged with protecting the public from public nuisances and unfair trade practices, including illegal lotteries," Krasner said in a statement Monday. "The DA is also charged with protecting the public from interference with the integrity of elections," Krasner said. Musk is backing Republican nominee Donald Trump in the presidential election against Democratic nominee Kamala Harris.

Persons: Elon, Donald Trump, Elon Musk, Larry Krasner, Musk's, Krasner, Kamala Harris Organizations: Republican, Madison, Philadelphia, Attorney's, U.S . Department of Justice, Musk's America PAC, Philadelphia District, Democratic Locations: New York, U.S

☆ Harris dismisses Tony Hinchcliffe 'nonsense' about Puerto Rico at Trump MSG rally
▼ + stars: | 2024-10-28 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Evelyn Hockstein | ReutersVice President Kamala Harris on Monday dismissed the "nonsense" spouted at Donald Trump's campaign rally in New York City a day earlier, which included a racist joke by comedian Tony Hinchcliffe about Puerto Rico. The superstar singers Bad Bunny and Lopez, who are Puerto Rican, highlighted Harris' support for Puerto Rico in social media posts after Hinchliffe took a swipe at the U.S. territory. The vice president released a plan Sunday to "build an opportunity economy for Puerto Rico" by creating a task force to foster economic growth on the island. Comedian Tony Hinchcliffe speaks during a rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden, in New York, U.S., October 27, 2024. Andrew Kelly | ReutersOn Monday, Harris said, "I think last night, Donald Trump's event in Madison Square Garden really highlighted a point that I've been making throughout this campaign."

Persons: Kamala Harris, Evelyn Hockstein, Donald Trump's, Tony Hinchcliffe, Jennifer Lopez, Bad Bunny, Lopez, Harris, Hinchliffe, Donald Trump, Andrew Kelly, I've Organizations: Democratic, U.S, Air Force, Joint Base Andrews, Reuters, Monday, Madison, Puerto Rico, Republican Locations: Michigan, Joint Base Andrews , Maryland, U.S, New York City, Puerto Rico, Puerto Rican, New York, Madison

A federal judge on Friday blocked Virginia from purging its voter rolls of alleged noncitizens and ordered the state to reinstate more than 1,600 people who had already been bounced from those lists. Judge Patricia Giles in her ruling agreed with arguments by the U.S. Department of Justice, which said that the purge ordered by Gov. Federal law bars states from systematically removing people from voter rolls within 90 days of an election. The DOJ said in a court filing that 43 people in Prince William County who had been removed from voter rolls were likely U.S. citizens, and lawyers earlier this week confirmed that 18 American citizens were removed from voter rolls. Giles said it was "not happenstance" that Youngkin had issued his executive order to purge the voter rolls exactly 90 days before Election Day.

Persons: noncitizens, Patricia Giles, Glenn Youngkin, Giles, Kamala Harris, Donald Trump, Prince William County, Youngkin, Virginia's, Charles Cooper, Cooper Organizations: Elena Bozeman Government Center, U.S . Department of Justice, Gov, White, of Motor Vehicles, DOJ Locations: Arlington , Virginia, Virginia, U.S, Alexandria , Virginia, United States, Prince

☆ Jeff Bezos killed Washington Post endorsement of Kamala Harris, paper reports
▼ + stars: | 2024-10-25 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC. Andrew Harnik | Getty ImagesThe Washington Post said Friday that it will not endorse a candidate in the presidential election this year, breaking decades of tradition, and sparking immediate criticism of the decision. "The decision not to publish was made by The Post's owner — Amazon founder Jeff Bezos," The Post reported, citing two sources briefed on the events. Trump, while president, had been critical of Bezos and The Post. Nor in any future presidential election."

Persons: Andrew Harnik, Kamala Harris, Donald Trump, Jeff Bezos, Trump, Boris Johnson, Michael M, Will Lewis, Lewis, Mariel Garza, Patrick Soon, Shiong, Garza, Marty Baron, Baron Organizations: Washington Post, Franklin, Democratic, GOP, —, Amazon, Pentagon, Microsoft, Trump, CNBC, British, Santiago, Getty, Post, Los, Columbia, The Locations: Washington , DC, New York City

In this article ANF Follow your favorite stocks CREATE FREE ACCOUNTFile: Mike Jeffries, then Abercrombie & Fitch CEO in 2005. Michael Loccisano | FilmMagic | Getty ImagesFormer Abercrombie & Fitch CEO Mike Jeffries and two other men were arrested and charged with 16 counts of sex trafficking and interstate prostitution by federal prosecutors in New York, case documents made public Tuesday showed. All three men face one count of sex trafficking and 15 counts of interstate prostitution related to alleged misconduct that spanned from December 2008 to March 2015. The indictment in U.S. District Court in Long Island alleges that the defendants and others "operated an international sex trafficking and prostitution business" during that time. Shares of Abercrombie & Fitch are up nearly 80% so far this year, after outperforming tech stars like Nvidia and Meta in 2023.

Persons: Mike Jeffries, Michael Loccisano, Jeffries, Matthew Smith, James Jacobson, Smith, Abercrombie, Fran Horowitz, Fitch, Hannes Magerstaedt, Jacobson, Brian Bieber, Michael Jeffries, presser, Richard Levine Organizations: Abercrombie, Fitch, FilmMagic, Getty, Former Abercrombie, CNBC, Nvidia, Meta, of, NBC News, BBC, Herald, Corbis Locations: New York, West Palm Beach , Florida, Brooklyn, U.S, Long, Manhattan, Munich, Germany, West Palm Beach, Madison , Wisconsin, Eastern, of New York

Elon Musk, his car company Tesla and Warner Brothers Discovery were sued Monday over their alleged artificial intelligence-fueled copyright infringement of images from the film “Blade Runner 2049” to promote Tesla’s robotaxi concept. The Cybercab is Tesla’s concept of a “dedicated robotaxi” that the company says it wants to produce by 2027, and sell for under $30,000. “Alcon refused all permissions “and adamantly objected to Defendants suggesting any affiliation between BR2049 and Tesla, Musk or any Musk-owned company,” the civil suit in Los Angeles federal court alleges. Musk has promised Tesla shareholders a robotaxi for more than a decade. However, Tesla has never produced a vehicle that is safe to use without a human ready to steer or brake at any time.

Persons: Elon Musk, Musk, “ Alcon, “, Alcon, Alcon’s, ”, Tesla, Donald Trump’s Organizations: Warner Brothers Discovery, Alcon Entertainment, Warner Brothers, CNBC, The New York Times, Musk, Donald Trump’s Republican, U.S Locations: Burbank , California, Los Angeles, Alcon

☆ Trump sued by Central Park Five for defamation over claims made during Harris debate
▼ + stars: | 2024-10-21 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

Republican presidential nominee, former U.S. President Donald Trump delivers remarks during a campaign rally at the Cobb Energy Performing Arts Centre on October 15, 2024 in Atlanta, Georgia. Five men who were wrongfully convicted as teenagers in the so-called Central Park Five jogger rape case sued Donald Trump on Monday, saying the Republican presidential nominee defamed them by claiming they killed someone and pleaded guilty. The lawsuit, filed in federal court in Philadelphia, cites several statements Trump made about the men during his Sept. 10 debate with Democratic nominee Kamala Harris. "Defendant Trump falsely stated that Plaintiffs killed an individual and pled guilty to the crime. Further, the victims of the Central Park assaults were not killed," the complaint said.

Persons: Donald Trump, Trump, Kamala Harris, Defendant Trump, Plaintiffs, Yusef Salaam, Raymond Santana, Kevin Richardson, Antron Brown, Korey Wise Organizations: Cobb Energy Performing Arts Centre, Democratic, New, New York City Council, CNBC Locations: Atlanta , Georgia, Philadelphia, New York

U.S. President Donald Trump speaks during a "Save America Rally" near the White House in Washington, D.C., U.S., on Wednesday, Jan. 6, 2021. A federal judge on Friday ordered the release of more than 1,800 pages of documents filed by special counsel Jack Smith in the criminal election interference case against former President Donald Trump. Trump preemptively complained about the release of the records Friday morning, claiming it was "election interference" and calling Chutkan "evil." Smith was "going to release something else, and always before the election," Trump said during an interview with podcast host Dan Bongino in Manhattan's Trump Tower. Trump is charged with illegally conspiring to overturn his loss to President Joe Biden in the 2020 election.

Persons: Donald Trump, Jack Smith, Tanya Chutkan, Chutkan, Smith, Trump, Dan Bongino, Joe Biden, Kamala Harris, Defendant's Organizations: Washington , D.C, U.S, Trump, U.S . Capitol, Biden's Electoral, Capitol, of Justice, Democratic Locations: Washington ,, Manhattan's

Donald Trump on Friday called the judge presiding over his criminal election interference case in Washington, D.C., "the most evil person" for ordering the release of nearly 1,900 pages of previously sealed documents filed by prosecutors. Trump suggested U.S. District Court Judge Tanya Chutkan made the files public to harm the Republican presidential nominee's chances in November's election. "Now, it's a terrible thing, what's happening and the judge is, this judge is the most evil person," Trump said on Dan Bongino's podcast. "They're going to release something else, and always before the election," Trump said. Smith has charged Trump with crimes related to his attempts to undo his loss in the 2020 election to President Joe Biden.

Persons: Donald Trump, Trump, Tanya Chutkan, Dan Bongino's, it's, Chutkan, Jack Smith, Smith, Joe Biden Organizations: Washington , D.C, U.S, Republican Locations: Washington ,

☆ FBI arrests Alabama man for SEC X hack that spiked price of bitcoin
▼ + stars: | 2024-10-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

FBI agents on Thursday arrested an Alabama man for his alleged role in the Jan. 9 hack of the Securities and Exchange Commission's X account, which sent the price of bitcoin spiking by more than $1,000, the Department of Justice announced. The tweet said, "Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges." Shortly afterward, the SEC regained control of its social media account, and announced the tweet was false and the result of a hack. A day after the hack, the SEC approved rule changes that allowed the creation of bitcoin ETFs in the United States. Council, who used the online handles "Ronin," "Easymunny," and "AGiantSchnauzer," allegedly was paid in bitcoin by co-conspirators for his role in the hack.

Persons: Eric Council Jr, Gary Gensler Organizations: Securities, Exchange, Department of Justice, Northern, Northern District of, Prosecutors, SEC, BTC, DOJ, Council, FBI Locations: Alabama, Northern District, Northern District of Alabama, United States

☆ Historic bitcoin theft tied to Connecticut kidnapping, luxury cars, $500K bar bills
▼ + stars: | 2024-10-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +12 min

To date, at least $100 million in bitcoin stolen from the victim remains unaccounted for, prosecutors said in a recent court filing in D.C federal court. Zoom In Icon Arrows pointing outwards United States District Court for the District of ColumbiaThe schemers then duped the man into downloading a program onto his computer to protect his Gemini holdings. "Serrano was eventually able to manipulate the victim into opening files with private keysto over 4,100 Bitcoin," the court filing said. The schemers then used "sophisticated money laundering techniques to hide the proceeds and mask their identities," a court filing alleges. "To date, approximately $70,000,000 has been recovered or frozen on various exchanges," prosecutors wrote in a court filing.

Persons: Jakub Porzycki, —, I've, Steven Castrovinci, Castrovinci, — Malone Lam, Jeandiel Serrano —, Serrano, Paulette Pagan, Lam, Malone Lam, Columbia Lam, Anne Hathaway, Lamborghini, Pagani, Serrano's, Lamborghini Urus, van, Matthew Loucks, Loucks, Rick, Swatting Organizations: NurPhoto, Getty, D.C, Police, Police Department, CNBC, Lamborghini, Danbury Police, Attorney's, District of Columbia, FBI, Gemini, United States, Court, Prosecutors, District, Management, Honda Locations: Washington, cryptocurrency, Connecticut, Danbury , Connecticut, Danbury, Florida, U.S, Los Angeles, Singapore, L.A, Miami, United States, Encino , California, Maldives, Columbia

Vice President and Democratic presidential candidate Kamala Harris arrives for a campaign event at the Dort Financial Center in Flint, Michigan, October 4, 2024. Kamala Harris on Wednesday distanced herself from President Joe Biden and bashed her Republican presidential rival Donald Trump in a heated interview with Fox News anchor Brett Baier. The 26-minute interview was focused heavily on the issue of immigration, and Harris again blamed Trump for killing a bipartisan bill aimed at addressing the crisis at the southern border. The interview was tense from the first exchange, when Baier repeatedly interrupted Harris' opening answer about immigration. I'm in the middle of responding to the point you're raising, and I'd like to finish," Harris said early on.

Persons: Kamala Harris, Joe Biden, bashed, Donald Trump, Brett Baier, Joe Biden's, Harris, Baier, Trump Organizations: Democratic, Dort Financial, Republican, Fox News Locations: Dort, Flint , Michigan

☆ RTX subsidiary Raytheon to pay more than $950 million to settle foreign bribery, export control fraud probes
▼ + stars: | 2024-10-16 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The Raytheon Technologies headquarters building is seen at dusk in Arlington, Virginia, on Jan. 20, 2024. The Raytheon subsidiary of defense contractor RTX agreed Wednesday to pay more than $950 million to settle U.S. Department of Justice investigations into an alleged government contract fraud scheme, violations of foreign bribery laws and the Arms Export Control Act. More than $22 million of that settlement will be offset by Raytheon's settlement with the DOJ. The company as part of the DOJ settlement also agreed to enter into deferred prosecution agreements involving that conduct in federal district courts in Brooklyn, New York, and Massachusetts. We are committed to working closely with the incoming independent monitor to improve and further enhance our ethics and compliance program."

Persons: RTX, Kevin Driscoll, Driscoll Organizations: Raytheon Technologies, Raytheon, U.S, Department of, Control Act, U.S . Securities, Exchange Commission, DOJ, State Department, Defense Department, Patriot, SEC, Raytheon Company Locations: Arlington , Virginia, Qatar, Brooklyn , New York, Massachusetts, Brooklyn

☆ Health care fraudster Philip Esformes is latest Trump clemency recipient to be arrested
▼ + stars: | 2024-10-15 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Philip Esformes, whose 20-year prison sentence for a massive, $1.3 billion Medicare fraud scheme was commuted in 2020 by then-President Donald Trump, was arrested over the weekend in Florida on domestic-violence related charges. Esformes is at least the seventh person who received executive clemency from Trump, and has since been charged with new crimes, according to The New York Times, which first reported this latest arrest. Court records show that Esformes was arrested Saturday and then charged with tampering with a victim or witness, and with criminal mischief involving property damage. CNBC also has requested comment from a lawyer for Esformes' ex-wife, Sherri Beth Esformes, whose divorce from him was finalized in July 2020. On Tuesday, a judge in Miami federal court set a deadline of Nov. 4 for Philip Esformes to respond to his ex-wife's filing.

Persons: Philip Esformes, Donald Trump, Esformes, Trump, Jonathan Braun, Sherri Beth Esformes, Sherri Beth Organizations: The New York Times, Miami, CNBC, Department of Justice Locations: Florida, York, Dade County, Miami

☆ Election betting: Appeals court fast-tracks CFTC challenge to Kalshi political bets
▼ + stars: | 2024-10-14 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

A federal appeals court has fast-tracked the Commodity Futures Trading Commission's case challenging the right of the event exchange Kalshi to offer U.S. political election contracts. Kalshi touted its presidential election contracts on electronic signs in New York City's Times Square over the weekend. The CFTC told the appellate court that election contracts "are susceptible to market manipulation" and also pose a risk to election integrity or how the public views the integrity of elections. Kalshi CEO Tarek Mansour, in a statement, said his company is "confident" that the law allows election contracts. As of Monday, Kalshi had booked more than $7 million in contracts on the presidential election outcome.

Persons: Kalshi, Tarek Mansour, Mansour, Donald Trump, Kamala Harris Organizations: Long, Fitness Center, Interactive, U.S, Senate, New York City's, Appeals, District of Columbia Circuit, CFTC, Washington , D.C Locations: Virginia's, Arlington , Virginia, New York, U.S, Washington ,

A German national who was under home detention in New York City on a $5 million bond guaranteed by his domestic partner and children in a case in which he was charged with overseeing a $150 million cryptocurrency fraud is now a fugitive. After noticing that Jicha's ankle bracelet was not working, Pretrial Services officials sent him an email directing him to visit their office the next day. Jicha did not show up, the prosecutor told U.S. District Court Judge Orelia Merchant. Only then did Pretrial Services inform prosecutors that Jicha's ankle bracelet had ceased working, 26 hours after becoming aware of that fact, the prosecutor told the judge. CNBC has requested comment from Pretrial Services in Brooklyn federal court.

Persons: John Marzulli, Horst Jicha, Marzulli, Horst, Jicha, Orelia Merchant Organizations: Brooklyn U.S, U.S, CNBC Locations: New York City, Brooklyn, Germany

Search resuls for: "Dan Mangan"

25 mentions found