DIRS.INFO The most relevant business & tech news

☆ Donald Trump's arraignment: key takeaways include 2 warnings from the judge that he behave himself
▼ + stars: | 2023-04-05 | by ( Laura Italiano | ) www.businessinsider.com time to read: +9 min

Takeaways from Tuesday's arraignment include two separate times the judge warned Trump to behave. The judge also nixed Trump's hope of just staying home on his next court date, December 4. Prosecutors had just handed the judge a thick packet of examples of what Assistant District Attorney Christopher Conroy called Trump's "threatening rhetoric." "May we ask that President Trump, his presence be waived just for that date?" The defense and prosecution are hoping to reach an agreement on the protective order, Trump attorney Susan Necheles said.

☆ Trump 'orchestrated' an 'unlawful scheme' to influence the 2016 election by paying off Stormy Daniels and covering it up, Manhattan DA says
▼ + stars: | 2023-04-04 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +3 min

The Manhattan DA alleged that Trump orchestrated an unlawful scheme to influence the 2016 election. Trump violated election laws and falsified business records related to hush-money payments, the DA said. Trump was formally arraigned in Manhattan on Tuesday related to hush-money payments made ahead of the 2016 election. The first president to ever face criminal charges, Trump pleaded not guilty to 34 counts of falsifying business records. Trump and others "orchestrated" an "unlawful scheme" to suppress negative information about him during his 2016 campaign by violating election laws and falsifying business records, the brief says.

☆ Read the indictment against Donald Trump, details of payments to porn star, Playboy model
▼ + stars: | 2023-04-04 | by ( Dan Mangan | ) www.cnbc.com time to read: +5 min

watch nowFormer President Donald Trump is charged with 34 felony counts of falsifying business records in connection with a scheme that directed hush money payments to two women before the 2016 presidential election. The 16-page indictment against Trump was unsealed Tuesday as he became the first former U.S. president ever to be arraigned on criminal charges. Follow CNBC.com's live coverage of former President Donald Trump's surrender and arraignment at the Manhattan criminal courthouse. Falsifying business records normally is a misdemeanor but can become a felony if done to cover up another crime. The checks first were issued by the Donald J. Trump Revocable Trust, while later ones came from Trump's bank account, prosecutors said.

Companies JPMorgan Chase & Co FollowNEW YORK, April 4 (Reuters) - The U.S. government on Tuesday filed criminal charges accusing Charlie Javice, the founder of the now-shuttered college financial planning company Frank, of defrauding JPMorgan Chase & Co (JPM.N) into buying the startup for $175 million in 2021. Prosecutors said that when JPMorgan asked for a list of names, Javice paid an unnamed data science professor $18,000 to concoct a sham list of names. JPMorgan shut down Frank in January, and Chief Executive Jamie Dimon branded the acquisition a "huge mistake" in a Jan. 13 conference call with analysts. In December, JPMorgan sued Javice and Olivier Amar, who was Frank's chief growth officer, in Delaware federal court. Javice filed counterclaims in February, accusing JPMorgan of having "compromised her reputation" and wrongfully withheld $28 million of retention payments and equity.

☆ The Manhattan DA's likely case against Trump would be far from a 'slam dunk conviction'
▼ + stars: | 2023-03-23 | by ( Sonam Sheth | ) www.businessinsider.com time to read: +8 min

New York state prosecutors have never brought an election law case involving a federal campaign, per NYT. If the DA's office brings a criminal case against Trump, it would be far from a "slam dunk conviction," one ex-prosecutor said. Among the charges Trump could face is violating New York's business records statute, which bars individuals from falsifying business records with an intent to defraud. Some legal experts have pointed out that New York has a long history of bringing felony prosecutions based on falsifying business records. If Trump is charged with falsifying business records, "expect to see this defense."

☆ How Charlie Javice's Frank Sale to JP Morgan Wound up in Allegations of Fraud
▼ + stars: | 2023-01-21 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com time to read: +21 min

Her financial aid startup, Frank, was featured in the New York Times, CNBC and Wall Street Journal. After leaving the University of Pennsylvania's Wharton business school, Javice traded on her reputation, bolstered by glowing profiles, as a successful entrepreneur. In a 2018 interview with Insider, Javice claimed Frank secured an average of $28,000 for its users, and was helping students get "thousands off their tuition." "Charlie's first company fizzled after 18 months, so after losing all her investors' money, she convinced every one of them to fund her next company, Frank." At Frank, Javice admitted she sometimes painted a more positive picture of the company's health than was supported by the facts.

☆ N.Y. bishop robbed during livestreamed service is arrested on fraud and extortion charges
▼ + stars: | 2022-12-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Mirna-Alsharif-Byline-Jm.Jpg | Mirna Alsharif | ) www.nbcnews.com time to read: +3 min

The New York City bishop who was robbed of around $1 million in jewelry during a livestreamed service in July was arrested Monday morning and is facing fraud and extortion charges, according to the U.S. Attorney's office. "His campaign of fraud and deceit stops now.”If convicted, Whitehead faces a minimum of 20 years in prison, court documents say. “Bishop Lamor Whitehead is not guilty of these charges. “You wanna come preach?” he’s heard saying toward the end of the livestreamed service. Whitehead wasn’t arrested, according to police, but the bishop disagreed and said he was put in a holding cell.

☆ Meet the megadonors backing the Trump super PAC as some top donors opt out of supporting 2024 candidacy
▼ + stars: | 2022-12-11 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

Yet, the latest disclosure, which shows fundraising for the super PAC from Oct. 20 through Nov. 28, also lists nine other individual contributions totaling over $900,000. Wealthy businessman Timothy Mellon contributed $1.5 million to the super PAC on Oct. 5, according to the records. This small group of megadonors arrived in support of the super PAC just prior to other influential financiers deciding they will not back Trump's 2024 candidacy for president. During Trump's first run for the White House in 2016, Pate financed the anti-Trump super PAC We The People Foundation. Anthony Lomangino, a recycling mogul, donated $100,000 to the super PAC on Nov. 4.

☆ GOP megadonor Mercer family has no plans to boost Trump's 2024 campaign as former president loses more allies
▼ + stars: | 2022-11-18 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Robert Mercer and Rebekah Mercer attend the 2017 TIME 100 Gala at Jazz at Lincoln Center on April 25, 2017 in New York City. Rebekah Mercer gave nothing to any pro-Trump group or Trump campaign entity during his last run for president, according to the filings. The 2016 Trump campaign then reportedly used that data to conduct some digital advertising. The Trump campaign paid Cambridge Analytica over $5.9 million for its services during the 2016 election cycle, according to the nonpartisan OpenSecrets. The pro-Trump super PAC funded in part by Robert Mercer also paid Cambridge Analytica just over $5.6 million that cycle, OpenSecrets says.

☆ Blackstone CEO and GOP megadonor Steve Schwarzman says he won't help Trump during 2024 primary
▼ + stars: | 2022-11-16 | by ( Brian Schwartz | ) www.cnbc.com time to read: +3 min

Blackstone CEO Stephen Schwarzman listens to U.S. President Donald Trump during Trump's strategy and policy forum with chief executives of major U.S. companies at the White House in Washington February 3, 2017. Blackstone CEO and Republican megadonor Steve Schwarzman has no plans to fund former President Donald Trump's 2024 campaign for the White House — at least not in the GOP primary. Schwarzman first allied himself with Trump late in the 2016 presidential election. Since Trump's initial run for president, Schwarzman has become one the Republican Party's biggest donors. During the 2020 presidential election, he donated $3 million to America First Action, a super PAC that backed Trump's candidacy, according to OpenSecrets.

☆ Some of NY Gov. Kathy Hochul's top donors privately sound alarm over GOP candidate Lee Zeldin surge
▼ + stars: | 2022-11-07 | by ( Brian Schwartz | ) www.cnbc.com time to read: +5 min

Kathy Hochul's top donors are privately panicking about Republican challenger Rep. Lee Zeldin's recent surge in the polls ahead of Tuesday's midterms, according to people familiar with the matter. One Democratic advisor, who counts numerous Hochul donors as clients, said he's having "PTSD" as he sees Zeldin closing in on Hochul in the polls. Bragg has been criticized, often by GOP officials, for the uptick in crime in New York City. Zeldin said at the debate that his first initiative if he becomes governor is to remove Bragg from office. Hochul told Zeldin at the time "you can't throw out someone who is duly elected."

☆ Copycatting lawsuits hit new media as TikTok creators, game designers and Instagrammers are sued
▼ + stars: | 2022-10-22 | by ( Alexandra Peers | Cnn Business | ) edition.cnn.com time to read: +7 min

A series of hot-button lawsuits have linked all those unlikely creators and platforms in litigation that goes as high as the US Supreme Court. The litigation deals with issues of intellectual property, copyright infringement and fair use in a rapidly changing new-media landscape. She won, but not much: $3,750, because the court ruled that, though her copyright had been violated, her tattoos didn’t impact game profits. It was a huge hit on TikTok, in part because the duo invited feedback and participation, making it a crowd-sourced artwork. But when the creators took their show on the road and sold tickets, Netflix sued.

☆ Ex-Barbados Official Loses Appeal of Bribe Laundering Conviction
▼ + stars: | 2022-10-05 | by ( Richard Vanderford | ) www.wsj.com time to read: +3 min

A former Barbados government official has lost an appeal to overturn a U.S. conviction for laundering bribes connected to insurance contracts through a New York business. Though Mr. Inniss contested the charges at trial, on appeal his lawyer didn’t argue over whether the bribery occurred. Instead, he tried to argue that the conduct wasn’t technically money laundering because Mr. Inniss didn’t launder the money after it was sent from the dental business. The appeals court also rejected arguments from Mr. Inniss that the jury instructions were faulty. Mr. Inniss is incarcerated in a prison outside Detroit and scheduled to be released in January, according to Federal Bureau of Prisons records.

☆ California job-seekers will soon see salary ranges on job postings
▼ + stars: | 2022-09-28 | by ( Jennifer Liu | ) www.cnbc.com time to read: +6 min

California job postings will soon include pay ranges, thanks to a new salary transparency bill signed into law by Gov. The move makes California the largest state where job listings will require salary information by law. In California, women are paid roughly 88 cents for every dollar paid to a man, with the gap increasing for women of color. Reporting pay data based on job and demographic background can help uncover occupational segregation that employers may not be aware of. Previous California law already requires companies with 100 or more direct-hire workers submit job and demographic data for those workers.

☆ Here's how AOC unwittingly sparked NY Attorney General Letitia James' lawsuit into Donald Trump and the Trump Organization
▼ + stars: | 2022-09-23 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

New York AG Letitia James announced a $250 million lawsuit against Trump and his business this week. Rep. Alexandria Ocasio-Cortez grilled former Trump lawyer Michael Cohen about Trump's alleged fraud. The New York attorney general's office announced Wednesday that it had asked federal prosecutors to investigate Trump's business practice regarding possible federal crimes. The announcement is the culmination of James' three-year probe into Trump and his New York business empire. Cohen also said several Trump Organization executives, including Allen Weisselberg, Ron Lieberman, and Matthew Calamari, were aware of such practices.

☆ We identified the 125 people and institutions most responsible for Donald Trump's rise to power and his norm-busting behavior that tested the boundaries of the US government and its institutions
▼ + stars: | 2021-06-26 | by ( Darren Samuelsohn | Tom Lobianco | Claire Atkinson | ) www.businessinsider.com time to read: +2 min

Insider compiled this database of the 125 people and institutions essential to Donald Trump's rise to power and his norm-busting presidential behavior. Listed are friends, family, lawyers, business partners, donors, staff, media executives, and social-media influencers. Sort the list by their relationships with Trump, as well as when and where they entered the 45th president's orbit. It was a whirlwind unlike anything in US history, hence our attempt to build a searchable database to better understand the people and organizations that helped make Trump Trump. Insider sought comments from those included about what it meant to them that their personal legacy would forever be connected to Trump.

Search resuls for: "New York Business"

16 mentions found