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☆ The SEC has a stablecoin firm in its sights — and it could shake up the whole $137 billion market
▼ + stars: | 2023-02-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Paxos has been ordered by New York regulators to stop issuing the Binance USD (BUSD) stablecoin. The move will have major implications for the $137 billion market, experts told CNBC. Are stablecoins securities? Renato Mariotti partner, BCLPIf BUSD is deemed a security by the SEC then the regulator would have oversight over the stablecoin. "Absent a successful fight, it is most likely BUSD will no longer be sold into the U.S. or be available on U.S.-based digital asset exchanges," Lansing said.

☆ Messi to the rescue as PSG extend Ligue 1 lead
▼ + stars: | 2023-02-04 | by ( ) www.reuters.com time to read: +2 min

PARIS, Feb 4 (Reuters) - Lionel Messi scored in the second half to help Paris St Germain recover from a woeful start and extend their Ligue 1 lead to a provisional eight points with a 2-1 home victory on Saturday. Messi struck the winner after the break with his third goal in his last five league games to put PSG on 54 points from 22 games. Olympique de Marseille are second on 46 points before hosting Nice on Sunday with third-placed RC Lens travelling to Stade Brestois. Without Neymar and Kylian Mbappe, both injured, Messi was flanked by Hugo Ekitike in attack with Vitinha just behind. Rennes are left in fifth place on 40 points, with Lille in sixth, two points behind them.

Musk, who is expected to be called as a witness in San Francisco federal court this week, has built a cult-like following for his irreverent humor, marketing skills and vision. Legal experts said a jury trial can turn on a key witness and the attorney who questions Musk needs to establish control, minimizing Musk's ability to use his charisma. In the current case, Musk sat for a daylong deposition in 2021 with lead shareholder attorney Nicholas Porritt. The jury is likely to see the "greatest hits" from that interview, according to trial attorney Renato Mariotti, who is not involved in the case. Reporting by Tom Hals in Wilmington, Del., and Jody Godoy in San Francisco; Editing by Noeleen Walder and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

☆ Alcoa Appoints New CFO Amid Executive Reshuffle
▼ + stars: | 2023-01-11 | by ( Jennifer Williams-Alvarez | Colin Kellaher | ) www.wsj.com time to read: +4 min

Alcoa Corp. named a new finance chief amid a wider executive reshuffle as the aluminum producer faces soaring energy costs and volatile prices. Ms. Beerman succeeds current CFO William Oplinger, who will become chief operations officer next month after about six years in the top finance role. In addition, two executive vice presidents—Chief Operations Officer John Slaven and Chief Innovation Officer Benjamin Kahrs —are leaving as part of the restructuring, Alcoa said. It will “ensure continued improvement and focus on Alcoa’s strategies to operate as a low-cost, margin-focused, sustainable producer,” Chief Executive Roy Harvey said in a statement. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.

☆ Alcoa Names New Finance, Operations Chiefs in Management Shuffle
▼ + stars: | 2023-01-10 | by ( Colin Kellaher | ) www.wsj.com time to read: +1 min

Alcoa Corp. on Tuesday unveiled an executive shake-up that includes the appointment of new chief financial and operations officers for the aluminum giant. The Pittsburgh, Pa.-based company said William Oplinger, currently executive vice president and chief financial officer, will become chief operations officer on Feb. 1, while Molly Beerman, currently senior vice president and controller, will become executive vice president and finance chief. PREVIEW Mr. Oplinger has been Alcoa’s chief financial officer since the separation of Alcoa Inc. into two separate companies in November 2016. Alcoa said a pair of executive vice presidents—Chief Operations Officer John Slaven and Chief Innovation Officer Benjamin Kahrs —are leaving as part of the restructuring. Alcoa said Renato Bacchi, currently executive vice president and chief strategy officer, will become chief strategy and innovation officer, taking on oversight of the company’s research-and-development technologies.

Speaking ahead of his flight, Marcos said he looked forward to meeting President Xi Jinping and that "the issues between our two countries are problems that do not belong between two friends such as the Philippines and China". Last week, a Philippine foreign ministry official said talks with Xi would include China's actions in the South China Sea. While the Philippines is a defence ally of the United States, under Duterte it set aside a territorial spat over the South China Sea in exchange for Chinese investment. Beijing claims much of the South China Sea, where about $3 trillion in ship-borne trade passes annually, with the area becoming a flashpoint for Chinese and U.S. tensions around naval operations. But while De Castro expects the South China Sea issue to be brought up, he does not expect Beijing to alter its position.

☆ I expect Sam Bankman-Fried to serve a substantial prison sentence, says fmr. Federal prosecutor
▼ + stars: | 2022-12-30 | 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 EmailI expect Sam Bankman-Fried to serve a substantial prison sentence, says fmr. Federal prosecutorRenato Mariotti, former Federal prosecutor, joins 'TechCheck' to discuss Sam Bankman-Fried's choices for a plea deal, shoes left to drop in the crypto arena and restitution implications.

FTX co-founder Sam Bankman-Fried is escorted by corrections officers to the Magistrate's Court on December 21, 2022 in Nassau, Bahamas. Bankman-Fried, 30, was indicted in New York federal court on Dec. 9 and arrested three days later by Bahamas law enforcement at the request of U.S. prosecutors. Chaos ensued as reporters and attorneys for Bankman-Fried attempted to pin down whether the former crypto billionaire would be rendered back to the United States for arraignment in federal court. When Bankman-Fried lands in New York, the so-far atypical proceedings should take on a more familiar tenor. "But again, if arranged in advance with the magistrate in charge of the detention hearing, the court may allow a hearing before processing, but that is unlikely.

☆ Sam Bankman-Fried is in jail, but legal watchers are wondering: Where's ex-girlfriend Caroline Ellison?
▼ + stars: | 2022-12-16 | by ( Sindhu Sundar | Lakshmi Varanasi | ) www.businessinsider.com time to read: +6 min

Former Alameda CEO Caroline Ellison isn't named in prosecutors' charges against Sam Bankman-FriedBut the SEC's civil suit references her statements on the relationship between FTX and Alameda. Conspiracy charges and civil claims against SBF show others in the crosshairs, legal experts said. But her rise as CEO at Alameda, Bankman-Fried's other crypto company separate from FTX, may certainly put her in investigators' sights. The SEC's complaint on Tuesday claimed that Bankman-Fried "remained the ultimate decision-maker" at Alameda, even after Ellison took over the reins. Since Bankman-Fried's crypto empire began unraveling in November however, Ellison has stayed away from the public eye.

The bare-bones indictment against Bankman-Fried - which could be amended with more details and co-defendants as the case progresses - suggests prosecutors have a long road ahead piecing together what they have described as one of the biggest financial frauds in American history. “A trial is probably 14 to 18 months out,” said Michael Weinstein, a white-collar criminal defense lawyer and former federal prosecutor. On Tuesday, U.S. Attorney Damian Williams in Manhattan said a grand jury had indicted Bankman-Fried on wire fraud, securities fraud, commodities fraud, campaign finance law violations and conspiracy charges. The indictment came just weeks after Bankman-Fried's $32 billion crypto exchange collapsed - an extraordinarily fast turnaround for prosecutors. Bankman-Fried was arrested in the Bahamas on Monday but indicated he would fight extradition to the United States.

CNBC's Andrew Ross Sorkin reported that the charges against Bankman-Fried include wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering. Neither the Attorney General of the Bahamas nor the Royal Bahamas Police Force would confirm the nature of the charges against Bankman-Fried. "I didn't ever try to commit fraud," Bankman-Fried said. The CFTC and lawmakers have begun their probes into FTX and Bankman-Fried, who told Sorkin he was down to his last $100,000. Failed lender BlockFi sued Bankman-Fried in November, seeking unnamed collateral that the FTX founder provided for the crypto lending firm.

☆ Peru’s president ousted and arrested after he seeks to dissolve Congress in political crisis
▼ + stars: | 2022-12-08 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

The president of Peru was ousted by Congress and arrested on a charge of rebellion Wednesday after he sought to dissolve the legislative body and take unilateral control of the government, triggering a grave constitutional crisis. Boluarte, a 60--year-old lawyer, called for a political truce and the installation of a national unity government. He entered a police station and hours later federal prosecutors announced that Castillo had been arrested on the rebellion charge for allegedly violating constitutional order. Shortly before the impeachment vote, Castillo announced that he was installing a new emergency government and would rule by decree. The Ombudsman’s Office, an autonomous government institution, said before the congressional vote that Castillo should turn himself in to judicial authorities.

Bankman-Fried could face a host of potential charges – civil and criminal – as well as private lawsuits from millions of FTX creditors, legal experts told CNBC. There are three different, possibly simultaneous legal threats that Bankman-Fried faces in the United States alone, Levin told CNBC. He told CNBC, "prosecutors would have to prove beyond a reasonable doubt that Bankman-Fried or his associates committed criminal fraud." (Carter was not an FTX investor, and told CNBC that his fund passed on early FTX rounds.) "People should not jump to the conclusion that something is not happening just because it has not been publicly disclosed," Levin told CNBC.

John Ray, chief executive officer of FTX Cryptocurrency Derivatives Exchange, arrives at bankruptcy court in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. It could be one way for the DOJ to gather evidence of alleged fraud. In a filing in Delaware federal bankruptcy court, Andrew Vara, a U.S. bankruptcy trustee, told the court that the allegations of corporate misconduct and complete failure merited an immediate and speedy examination of the events leading up to FTX's stunning collapse three weeks ago. It's not unusual to appoint a bankruptcy examiner. There was one to oversee the crypto bankruptcy process of Celsius Network, for example.

☆ Brazil school shooter kills 3, injures 13 at two campuses
▼ + stars: | 2022-11-26 | by ( The Associated Press | ) www.nbcnews.com time to read: +1 min

BRASILIA, Brazil — A former student armed with a semiautomatic pistol and wearing a bulletproof vest fatally shot three people and wounded 13 on Friday after barging into two schools in southeastern Brazil, authorities said. The shootings took place at a public school with elementary and middle school students and a private school, both on the same street in the small town of Aracruz in Espirito Santo state, the state’s public security secretariat said in a statement. Approximately four hours later, the shooter, identified as a 16-year-old boy who used to study at the public school, was arrested by police, Espirito Santo Gov. In addition to the fatalities, 13 people were wounded, including nine instructors, said Celante, who noted that in the public school the shooter gained access to the teachers lounge after breaking a lock. School shootings are uncommon in Brazil, but have happened with somewhat greater frequency in recent years.

☆ Watch: Prosecutor explains what happens if Trump gets indicted
▼ + stars: | 2022-11-26 | by ( ) edition.cnn.com time to read: 1 min

Former federal prosecutor Renato Mariotti goes over what could happen if prosecutors indict former President Donald Trump and how it could affect his presidential campaign.

☆ Brazil at the 2022 World Cup: who is in Tite's 26-man squad?
▼ + stars: | 2022-11-14 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Nov 14 (Reuters) - Brazil are looking to win a record-extending sixth World Cup title at the Nov. 20-Dec. 18 in Qatar tournament in Qatar. Who is in Brazil's World Cup 2022 squad? * Brazil will meet Serbia, Switzerland and Cameroon in Group G.What was Brazil's squad at the 2018 World Cup? Defenders: Thiago Silva (Paris St Germain), Miranda (Inter Milan), Marquinhos (Paris St Germain), Marcelo (Real Madrid), Filipe Luis (Atletico Madrid), Fagner (Corinthians), Pedro Geromel (Gremio), Danilo (Manchester City). Forwards: Neymar (Paris St Germain), Douglas Costa (Juventus), Gabriel Jesus (Manchester City), Roberto Firmino (Liverpool), Taison (Shakhtar Donetsk).

UFC 281 will stream live on November 12, with the main card starting at 10 p.m. Adesanya is undefeated at middleweight in 12 UFC fights; Pereira has quickly risen to the top of the weight class, winning three fights since his UFC debut in November 2021. How to watch UFC 281You can watch the main event of UFC 281 on ESPN+ at 10 p.m. Ways to save on the UFC 281 pay-per-view priceIf you plan on signing up for ESPN+ to watch UFC 281, you can take advantage of a special discounted package. Here's the fight card for UFC 281: Adesanya vs. PereiraESPNEarly Prelims — 6 p.m.

☆ Every World Cup 2022 squad announced: USMNT, Germany, Belgium and more
▼ + stars: | 2022-11-10 | by ( Ben Morse | ) edition.cnn.com time to read: +13 min

CNN —‘Tis the season for wall charts and fans gathering around to pick their starting teams for the 2022 Qatar World Cup. “It’s always difficult when a guy helps you get to the World Cup, he scores three goals in World Cup qualifying and isn’t going to be a part of the program. Again, it’s more about who we did add that we felt good about.”All but one of the 26 will be making their World Cup debut at this year’s tournament and, according to the USMNT, it will be the youngest team to qualify for the World Cup. Octavio Passos/Getty Images Europe/Getty ImagesGhanaManager: Otto AddoThe final squad has not been announced yet. READ: Meet Otto Addo, the coach responsible for guiding some of Europe’s brightest young talents (2021)—–PortugalManager: Fernando SantosThe final squad has not been announced yet.

☆ Lula challenges Bolsonaro's grip on Brazil evangelical vote
▼ + stars: | 2022-09-27 | by ( Jimin Kang | ) www.reuters.com time to read: +5 min

Register now for FREE unlimited access to Reuters.com RegisterShe is far from the only evangelical Christian in Brazil dancing around that delicate matter. Although Bolsonaro and his allies have worked to transform Brazil's fast-growing evangelical churches into the bedrock of his political base, this year's campaign has shown the limits of that electoral strategy. After Bolsonaro won the evangelical vote two-to-one in 2018, many more evangelicals — especially poorer women — are weighing a vote for Lula, whose legacy of generous social programs speaks powerfully to Brazil's less affluent evangelical voters. Even as Bolsonaro has built up an advantage over Lula in the heat of the campaign, he struggled to break past 50% of the evangelical vote in recent Datafolha surveys. Looking to bolster the 'shy' Lula vote among evangelicals, the Workers Party (PT) is partnering with leftist pastors like Paulo Marcelo Schallenberger, whose sermons aim to counter the party's "demonization" in evangelical circles.

Since publication of opinion polls was banned two weeks ago the left-leaning, unaligned 5-Star Movement appears to have made significant progress while the rightist League is struggling, according to seven pollsters interviewed by Reuters. "I would put the likelihood of a rightist majority at 60-65%, which has shrunk from about 80% three weeks ago." Their estimates on the probability of a conservative win ranged from 70% right up to 100% forecast by Federico Benini, head of the Winpoll agency. Nonetheless, most pollsters agreed the split between 5-Star and the PD will wreck both parties' chances in the third of the parliamentary seats assigned by a first-past-the-post system. "Even the growth of the 5-Star, unless it is phenomenal growth, appears insufficient to prevent the centre-right from winning," said Lorenzo Pregliasco, head of the YouTrend agency.

☆ Putin invaded to put 'decent people' in Kyiv, says Italy's Berlusconi
▼ + stars: | 2022-09-23 | by ( Alvise Armellini | ) www.reuters.com time to read: +5 min

"I haven't even understood why Russian troops spread around Ukraine while in my mind they should have only stuck around Kyiv", said the 85-year-old Berlusconi, who once described Putin as being like a younger brother. Ukraine initially chased his troops from the Kyiv area, and more recently from parts of the northeast near the Russia border. Putin now says the main aim is to secure territory in the Donbas region partly controlled by pro-Russia separatists. REUTERS/Yara Nardi"If on Sunday night the result is favourable to the right, the happiest person would be Putin," Letta told RAI radio. Centrist leader Carlo Calenda, another election contender, said on Radio24 said Berlusconi had spoken"like a Putin general".

Most luxury brands could theoretically stop marketing since they can’t produce goods fast enough to meet current demand, but smart marketers are spending more to build long-term equity, Mr. Sproule said. “There’s no filtering, it’s direct-to-consumer, and we think that’s how consumers want to hear from luxury brands,” said Jeff Curry, vice president of marketing, communications and product, in describing Lucid’s marketing strategy. About 300 people who preordered the $300,000 Aston Martin 2022 V12 Vantage sports car attended dinner at the company's main factory in May. Executives said these events for existing customers and even paid events double as marketing functions, because they have the potential to raise luxury brands’ profiles among wealthy consumers. Separately, Aston Martin held a black-tie dinner for people who purchased the 2022 edition of its V12 Vantage sports car.

☆ Campania de milioane. Lideri la cheltuieli - Blocul electoral „Renato Usatîi”, PAS, Partidul „Șor” și Blocul electoral al Comuniștilor și Socialiștilor. În top - costurile de publicitate
▼ + stars: | 2021-07-09 | by ( Mudrii Elena | ) www.zdg.md time to read: +12 min

Blocul electoral „Renato Usatîi”sursa: Blocul electoral „Renato Usatîi”/ FacebookBlocul electoral „Renato Usatîi” declară cheltuieli de 11,26 milioane lei, dintre care 8,68 milioane lei sunt cheltuieli pentru publicitate. Veniturile Blocului „Renato Usatîi”, potrivit raportului, sunt de 11,58 milioane lei, dintre care 7,79 milioane lei sunt de la persoane fizice, iar 2,7 milioane lei constituie mijloace financiare proprii. Partidul Acțiune și Solidaritatesursa: Partidul Acțiune și Solidaritate/ FacebookPartidul Politic „Partidul Acțiune și Solidaritate” declară cheltuieli de 5,49 milioane lei, dintre care 2,38 milioane lei sunt cheltuieli pentru publicitate și tot atât cheltuieli pentru materialele promoționale. Partidul Politic „Șor”Partidul Politic „Șor” a declarat la CEC cheltuieli de 3,83 milioane lei, dintre care 2,95 milioane de lei sunt pentru publicitate. La fel și Pаrtidul Politic Partidul Verde Ecologist nu a declarat cheltuieli și venituri în campania electorală, dar și Partidul „Patrioţii Moldovei” declară că nu a efectuat cheltuieli.

Persons: Renato, Renato Usatîi, Ilie, Veaceslav Organizations: Comisia Electorală Centrală, CEC, Facebook, Partidul, Facebook Partidul Politic, Partidul Politic, Socialiștilor, Partidul Democrat, Facebook Partidul Democrat, Moldova, PDM, Facebook Partidul, Partidul Dezvoltării, Dezvoltării, Civic, Acțiunii, Unirea, Alianța, Unirea Românilor, Partidului, Dreptății, Partidul Politic Partidul Acasă, Partidul Unității Naționale, Partidului Unității Naționale, Partidul Regiunilor, Regiunilor, Partidului Regiunilor, Oamenilor, Oamenilor Muncii, Verde Ecologist Locations: Comuniștilor, Moldova, Moldovei, străinătate, Europa

☆ Încălcările depistate de Promo-LEX în campania electorală: Utilizarea resurselor administrative şi discursuri care instigă la ură
▼ + stars: | 2021-07-09 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Utilizarea resurselor administrative în campanie şi discursuri care instigă la ură. Sunt principalele încălcări depistate de Promo-LEX în ultimele două săptămâni de campanie electorală. Cele mai multe cazuri au fost utilizate în activităţi de promovare PAS, BECS şi Blocul Electoral ”Renato Usatîi”, a spus Panfil. Când vine vorba despre discursurile care instigă la ură, observatorii au identificat cel puțin 43 de cazuri în perioada 21 iunie – 5 iulie. Blocul Electoral ”Renato Usatîi” şi cei de la Partidul "PACE", vizaţi în raport, nu ne-au răspuns nici la apeluri şi nici la mesajele expediate.

Persons: Renato Usatîi, Nicolae Panfil, Democraţii, Igor Grosu, Alina Șargu, Alexandru, Vlad Organizations: PDM, Partidului Locations: străinătate

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