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FTX said in a court filing in Wilmington, Delaware, late on Wednesday that the DOJ's proposed review would only add cost and delay to its bankruptcy case. As part of its own investigation, FTX asked U.S. Bankruptcy Judge John Dorsey, who is overseeing its Chapter 11 proceedings, to help it secure documents from Bankman-Fried, members of his family and other insiders with information about FTX transactions that used "misappropriated and stolen" funds. FTX is also seeking information about political donations by Mind the Gap, a political action committee founded by Barbara Fried, and Guarding Against Pandemics, an advocacy organization founded by Sam Bankman-Fried and his brother, Gabriel Bankman-Fried. The U.S. Department of Justice's bankruptcy watchdog has called for an independent investigation into its collapse, a request that received backing from a bipartisan group of U.S. senators. Sam Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, has pleaded not guilty to fraud charges.
WILMINGTON, Del., Jan 25 (Reuters) - Shareholders can sue McDonald Corp's (MCD.N) former global chief people officer for the damage they claim he caused to the restaurant chain by allegedly allowing a culture of sexual harassment to flourish, according to a groundbreaking legal ruling. An attorney for shareholders declined to comment and McDonald's did not immediately respond to a request for comment. Shareholders are suing Fairhurst on behalf of McDonald's in what is known as a derivative lawsuit. Fairhurst became the global chief people officer soon after Stephen Easterbrook was named chief executive officer. Reporting by Tom Hals in Wilmington, Delaware; Editing by Bradley PerrettOur Standards: The Thomson Reuters Trust Principles.
The DOJ was prepared to file a search warrant to raid Biden's home, CNN reported. Ultimately this wasn't necessary because Biden assented to the search, sources told the outlet. The prospect of a search warrant did not come up in the DOJ's conversations with the Biden camp, CNN reported. Attorney General Merrick Garland released a heavily redacted version of the search warrant permitting the Mar-a-Lago raid. The Wilmington DOJ search yielded six additional documents dating to Biden's vice-presidency and time in the Senate, which should have been handed over to the National Archives in 2017.
Musk ended three days on the stand defending against claims that he defrauded investors by tweeting on Aug. 7, 2018, that he had "funding secured" to take Tesla private. The trial in San Francisco federal court is testing whether the world's second-richest person can be held liable for his sometimes impulsive use of Twitter. Musk, however, acknowledged he did not have binding agreements with investors, leaving it to the jury to decide if he misled shareholders. The Saudi fund did not immediately respond to a Reuters request for comment. But when questioned by Nicholas Porritt, a lawyer for the investors, Musk said he did not have binding agreements for financing from any interested party.
Attorney General Merrick Garland on Monday defended the Justice Department's handling of separate special counsel investigations into classified documents linked to former President Donald Trump and President Joe Biden, saying it does not have different rules for Republicans and Democrats. In his first public remarks on the topic after even more classified documents were found at Biden's home in Delaware, Garland was asked whether he believed the Justice Department was handling the two probes fairly. Garland announced this month that Robert Hur, who was a Trump-appointed federal prosecutor, would serve as a special counsel in the Biden probe. Congressional Republicans have launched their own investigations into the Biden documents. Biden and Trump have had contrasting responses to the discovery of classified documents, which are supposed to be handed over to National Archives when presidents or vice presidents leave office.
WASHINGTON, Jan 23 (Reuters) - The White House said on Monday that a search by the Justice Department of President Joe Biden's home on Friday had been carried out after a "voluntary, proactive offer" by his personal lawyers to the department. It was the latest in a string of discoveries of classified documents at Biden's Wilmington home and at a temporary office at the University of Pennsylvania. "This was a voluntary, proactive offer by the president's personal lawyers to DOJ to have access to the home," said White House spokesperson Ian Sams. Sams declined to provide more clarity on the exact content of the materials taken from the Wilmington house. Biden had been kept informed throughout this process, the White House said.
Three potential frontrunner candidates for president are embroiled in classified documents controversies. Classified documents were found in the homes of Joe Biden, Donald Trump, and Mike Pence. Former President Donald Trump, President Joe Biden, and former Vice President Mike Pence each improperly stored classified documents. In December 2022, Biden's attorney alerted Lausch that Biden's team found more classified documents near the garage of the president's Wilmington, Delaware home. After going through four boxes at his home, they found the small tranche of classified documents and alerted NARA.
Musk is defending against claims he defrauded investors by tweeting on Aug. 7, 2018, that he had "funding secured" to take Tesla private at $420 per share, and that "investor support is confirmed." He has testified that he chose not to take Tesla private due to a lack of support from some investors and a wish to avoid a lengthy process. A jury of nine will decide whether the Tesla CEO artificially inflated the company's share price by touting the buyout's prospects, and if so by how much. In addition, Musk testified on Monday that he met on July 31, 2018, with representatives of the Public Investment Fund at Tesla's factory in Fremont, California. Musk said the fund's governor, Yasir Al-Rumayyan, later backpedaled on the commitment to take Tesla private.
Donald Trump defended Pence after classified documents were discovered at the VP's home. A lawyer for Pence turned over the records to the FBI last week, according to multiple news reports. "Mike Pence is an innocent man," Trump wrote on his social media platform, Truth Social, shortly after the news broke. It also comes as classified documents have been found at President Joe Biden's former office and his Delaware home several times this month. Legal experts have distinguished Trump's handling of classified records from Biden's, arguing that Biden's lawyers notified the authorities about the discovery whereas Trump's team resisted turning the records over.
WASHINGTON — The White House Counsel's Office said it is reviewing recent requests from a GOP committee chair related to Biden's handling of classified documents and signaled they plan to cooperate to an extent. Delery, however, suggested that there will be a limit to what the White House is willing to share with Congress. To that end, White House staff will reach out to Committee staff to arrange a time to discuss this matter." Delery acknowledged that the FBI conducted a "thorough, consensual search" of Biden's Wilmington residence on Friday after the president's lawyers offered to provide access to his home. Comer's probe is one of two major House Republican investigations into the Biden documents.
The Department of Justice, which conducted a search that lasted over 12 hours, also took some notes that Biden had personally handwritten as vice president, according to the lawyer. The previous classified documents were found in the home's garage and in a nearby storage space. REUTERS/Al Drago 1 2 3 4The search shows federal investigators are swiftly moving forward with the probe into classified documents found in Biden's possession. Republicans have compared the investigation to the ongoing probe into how former President Donald Trump handled classified documents after his presidency. Since the discovery of Biden's documents, Trump has complained that Justice Department investigators were treating his successor differently.
Secret Service personnel park vehicles in the driveway leading to President Biden’s house after classified documents were reported found there. WASHINGTON—Democrats expressed concern Sunday that multiple discoveries of classified documents at President Biden’s private home and a former office will overshadow his agenda and open the door to more Republican-led investigations in the House as lawmakers return to Washington. The Justice Department searched Mr. Biden’s home in Wilmington, Del., for more than 12 hours Friday, an examination that caused authorities to take possession of additional items with classified markings and some related materials, according to a statement released late Saturday by Mr. Biden’s personal attorney Bob Bauer.
CNBC's full interview with Meghan Sue and Delano Saporu
  + stars: | 2023-01-23 | 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 EmailCNBC's full interview with Meghan Sue and Delano SaporuMeghan Shue, head of investment strategy at Wilmington Trust, and Delano Saporu, New Street Advisors Group founder, join 'Squawk on the Street' to break down the markets, NASDAQ coming off the best session since November, Bitcoin hitting its highest levels since August, and more.
WASHINGTON, Jan 27 (Reuters) - President Joe Biden named businessman and former COVID-19 response coordinator Jeff Zients to become his second White House chief of staff on Friday, replacing Ron Klain, who is departing the administration after two years on the job. WHO IS JEFF ZIENTS? In the Biden administration, Zients served as the first COVID-19 response coordinator, charged with rolling out a massive vaccine program nationwide in early 2021. He stepped down from that role in 2022 before being tapped to prepare for potential staff turnover at the White House after the midterm elections. The White House chief of staff is like the chief operating officer for the government, someone who runs daily operations, oversees implementation of the president's policies and serves as a liaison for cabinet members.
WASHINGTON, Jan 23 (Reuters) - The White House said on Monday that the search by the Justice Department of President Joe Biden's home was carried out after a "voluntary, proactive offer" by the president's personal lawyers to the Department of Justice. Biden's lawyers have kept him informed throughout this process as they have been in discussions with the Justice Department, White House spokesman Ian Sams said. Sams declined to provide more clarity on the exact content of the materials taken from Biden's Wilmington, Delaware, home. Reporting by Steve Holland, Nandita Bose and Jarrett Renshaw in Washington; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
The Justice Department’s search of President Biden’s home in Delaware lasted about 12 hours, according to Mr. Biden’s personal attorney. WASHINGTON—A Justice Department search of President Biden’s home in Wilmington, Del., Friday prompted authorities to take possession of six additional documents with classified markings and some related materials, according a new statement by Mr. Biden’s personal attorney Bob Bauer. The search of Mr. Biden’s home lasted about 12 hours and “covered all working, living and storage spaces in the home,” Mr. Bauer said in the statement. The six items taken included some papers from Mr. Biden’s tenure in the U.S. Senate, where he served for 36 years. Others came from his time as vice president.
Six additional items, including documents with classified markings, were found in President Joe Biden's Delaware home after Department of Justice officials searched the residence Friday, the president's personal attorney said Saturday. Joseph D. Fitzpatrick, assistant U.S. Attorney for the Northern District of Illinois, said FBI agents conducted the search of Biden's personal property. In June, Trump’s lawyers turned over 38 classified documents, including 17 marked top secret, as well as other material. Special counsel Jack Smith is heading the FBI’s criminal investigation into the handling of the Trump documents. There’s no indication a criminal investigation has been launched into Biden's handling of sensitive documents.
GOP Rep. Mike Turner said President Biden is a "serial classified document hoarder" after more documents were found at his residence. Turner previously suggested Donald Trump had hundreds of classified documents at Mar-a-Lago to help him write a memoir. "Apparently, he's become a serial classified document hoarder," Turner said of Biden Sunday morning on "Face the Nation" on CBS News. I mean the only reason you can think of as to why anyone would take classified documents out of a classified space and home is to show them to somebody." Both incidents have prompted special counsel investigations, but Turner appeared to have more concerns over Biden's classified documents.
U.S. President Joe Biden speaks during the National Association of Counties Legislative Conference in Washington, D.C., U.S., February 15, 2022. President Joe Biden made a surprise video appearance on "Saturday Night Live" during first-time host Aubrey Plaza's monologue. The "White Lotus" star, who, like Biden, is from Delaware, joked that she was voted the most famous person from the state, beating out the president. Biden then appeared via video and said, "Aubrey, you're the most famous person out of Delaware and there's no question about that. Many viewers took to Twitter to question whether the president's appearance was real, or if the video was generated by AI, but Biden shared the clip on his Twitter account Sunday afternoon.
The previous classified documents were found in the home's garage and in a nearby storage space. The search shows federal investigators are swiftly moving forward with the probe into classified documents found in Biden's possession. Republicans have compared the investigation to the ongoing probe into how former President Donald Trump handled classified documents after his presidency. Since the discovery of Biden's documents, Trump has complained that Justice Department investigators were treating his successor differently. going to raid the many homes of Joe Biden, perhaps even the White House?"
Biden's personal attorney said in a statement that "six items" with classified markings were found. Classified documents were previously found in Biden's home and the Penn Biden Center think tank. "Yesterday, DOJ complete a thorough search of all the materials in the President's Wilmington home," Bauer said in the statement. A set of classified documents was previously found at Biden's Delaware home and at the president's Washington think tank, the Penn Biden Center for Diplomacy and Global Engagement. The president's personal attorneys later disclosed to Lausch that they had found a second set of classified documents in the garage of Biden's Wilmington home on December 20.
After the FBI found more classified documents at the Wilmington, Delaware, home of President Joe Biden during a consensual search Friday, legislators said Sunday that Biden's actions were "unbelievable" and "irresponsible." The discovery was the fourth time since November that classified records or materials have been found at a private address of Biden's. Former President Donald Trump is under criminal investigation by another special counsel for taking hundreds of classified records and other government documents from the White House when he left office. Most Americans think both Biden and Trump have handled classified material inappropriately, according to a poll released Sunday by ABC News. "There is one important document that distinguishes former President Trump from President Biden — that's a warrant," Coons said.
He called it the most democratic way to communicate but said his tweets did not always affect Tesla stock the way he expected. "Just because I tweet something does not mean people believe it or will act accordingly," Musk told the jury in San Francisco federal court. [1/5] Tesla CEO Elon Musk testifies during a securities-fraud trial in San Francisco, California, U.S., January 20, 2023 in this courtroom sketch. Earlier on Friday, Tesla investor Timothy Fries told the jury that he lost $5,000 buying Tesla stock after Musk sent the tweet, which sparked volatile swings in Tesla's stock. Musk's attorney, Alex Spiro, told the jury in his opening statement Wednesday that Musk believed he had financing from Saudi backers and was taking steps to make the deal happen.
Neither Biden nor first lady Jill Biden was present during the search, according to Richard Sauber, special counsel to the president. The White House only disclosed that discovery on Jan. 9. On Dec. 20, a small number of classified records were found in the garage of Biden's Wilmington home. Friday's search was the first time revealed publicly that federal law enforcement authorities have conducted a search for government documents at Biden's private addresses. Biden and the White House have been criticized for the two-month lag in disclosing the discovery of the first batch of classified documents at the Penn Biden Center for Diplomacy and Global Engagement in Washington.
Fox News said that the Secret Service is willing to give Congress a list of visitors to Biden's home if asked. "Like every president in decades of modern history, his personal residence is personal," the White House Counsel's Office said on Monday. Secret Service spokesman Anthony Guglielmi similarly told reporters that the agency does not keep visitor logs for private residences. If the agency did give up records of Biden's visitors to Congress, it would mark a different approach during Trump's presidency. While no official records are kept, the way they are for White House visitors, there are electronic reports that are generated and kept.
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