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☆ Crypto exchange Gemini to pay $1.1 billion back to customers
▼ + stars: | 2024-02-29 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

CNN —Gemini Trust, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss, will return at least $1.1 billion to customers of its now shuttered lending program, following a settlement with a New York regulator. NYDFS has the right to “bring further action against Gemini if the company does not fulfill its obligation,” it said in the statement. In a Wednesday blog post, the crypto exchange said that due to the settlement, customers of its lending program, Gemini Earn, would receive 100% of their digital assets back in kind plus any appreciation in value. Gemini Earn marketed itself as a low-risk investment in which customers could lend crypto assets to another firm, Genesis Global Capital (GGC), while earning interest payments as high as 8%. That was when the trillion-dollar crypto market crumbled, due to the collapse of FTX, the once high-flying crypto exchange.

Persons: Cameron, Tyler Winklevoss, NYDFS, Meta’s, Mark Zuckerberg, Sam Bankman, Fried Organizations: CNN, Gemini Trust, Gemini, New York Department of Financial Services, Facebook, Genesis Global, Bankman, New, GCC, Digital Currency Group Locations: New York, FTX, Manhattan

☆ Trump, adult sons and former Trump Org. officials appeal civil fraud judgment in New York
▼ + stars: | 2024-02-26 | by ( Kara Scannell | ) edition.cnn.com time to read: +1 min

CNN —Former President Donald Trump, his adult sons, and two former Trump Organization officials have appealed the $464 million judgment entered against them in the New York attorney general’s civil fraud case. Donald Trump is personally on the hook for $454 million, including interest payments. His sons were each ordered to pay more than $4 million back in gains they improperly received because of the fraud. Engoron’s signed judgment was posted to the court docket Friday, one week after he found Trump, Donald Trump Jr. and Eric Trump liable for fraud in the civil case brought by New York Attorney General Letitia James. His lawyers had argued it wouldn’t harm the New York attorney general’s office and would allow for an orderly process given the “magnitude” of the decision.

Persons: Donald Trump, Judge Arthur Engoron, “, Trump, Engoron’s, Donald Trump Jr, Eric Trump, Letitia James Organizations: CNN, Trump Organization, New, New York Locations: New York, York

☆ Laken Riley: Vigil to be held for Augusta University student killed on UGA campus as a suspect remains in custody
▼ + stars: | 2024-02-25 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +7 min

CNN —A vigil will be held Monday afternoon for Laken Hope Riley, an Augusta University nursing student who was found dead after jogging on the University of Georgia campus last week, as her suspected killer’s immigration status has drawn the scrutiny of Republican leaders. Riley, who was a UGA student until May 2023, was found dead Thursday near a lake on the university’s campus from blunt force trauma, according to UGA Police Chief Jeff Clark. Riley’s killing has left the University of Georgia to grieve two tragic deaths that occurred less than a day apart: Her body was discovered just hours after the death of a UGA student the previous night. The Monday afternoon vigil will be co-hosted by Riley’s Alpha Chi Omega sorority at UGA in remembrance of both of the dead students, the university said. Clark referred to Riley’s killing as a “crime of opportunity,” noting he believes the suspect acted alone.

Persons: Laken Hope Riley, Riley, Jeff Clark, Jose Antonio Ibarra, Ibarra, Clark, haven’t, ” Clark, outcries, Brian Kemp, Joe Biden, ” Kemp, Joe Biden’s, Mike Johnson, Riley’s, Biden, “, ” Jose Antonio Ibarra Clarke, Greg Abbott, Diego Ibarra, Peers, ’, ”, ” Riley, ” Laken Hope Riley, Lauren Phillips, “ I’m, LISTo, CNN’s Ashley R, Williams, Rebekah Riess, Priscilla Alvarez, Isabel Rosales, Jaide Timm, Garcia, Jamiel Lynch Organizations: CNN, Augusta University, University of Georgia, Republican, UGA, UGA Police, Investigators, GOP, Riley’s Alpha Chi Omega, Police, ” Police, Customs, Georgia Gov, Sheriff’s, Governors, Republican Texas Gov, Democratic, Biden, Pew Research, ICE, New York City, NYPD, US, Office, Middle, Middle District of Georgia, Augusta University College of Nursing, UAC, Facebook, of Nursing, Hispanic Student Association Locations: Venezuelan, Mexico, Middle District

☆ Flaco, the owl that escaped from Central Park Zoo, is dead after hitting a building
▼ + stars: | 2024-02-24 | by ( Dalia Faheid | Rob Frehse | ) edition.cnn.com time to read: +2 min

CNN —Just over a year ago, Flaco the Eurasian eagle-owl captivated the hearts of New Yorkers when he fled from a Central Park Zoo enclosure after it was vandalized. Flaco became an attraction in Central Park with birders and others regularly posting updates on X about his whereabouts and eating habits. Despite efforts from members of the Wild Bird Fund who responded quickly to Friday’s collision scene, the bird was declared dead, the WCS said. The Wild Bird Fund notified zoo staff who picked up the bird and transported him to the Bronx Zoo for a necropsy. Flaco had frequently been seen in and near Central Park and other locations across Manhattan since then, according to the society.

Persons: Eric Adams, Flaco Organizations: CNN, Yorkers, New York City, Wildlife Conservation Society, Bird Fund, Fund, Bronx Zoo, NYPD, Zoo, Conservation Society Locations: New, Manhattan, Wildlife, Central, birders, Central Park

☆ Guns and Goodies: How LaPierre Spent the N.R.A.’s Money
▼ + stars: | 2024-02-23 | by ( Liset Cruz | ) www.nytimes.com time to read: +1 min

Its leader, Wayne LaPierre, was the face of obdurate resistance to regulations on firearms. Behind the scenes, however, Mr. LaPierre had a taste for the good life, spending the group’s money on luxuries like Bahamian vacations. CLOTHES: Between 2004 and 2017, Mr. LaPierre spent nearly $275,000 on suits from a luxury Beverly Hills boutique, Zegna. Mr. LaPierre said he bought them on the recommendation of an N.R.A. contractor who “hated my clothing.” Mr. LaPierre had argued that the suits were just “costumes I wore on TV,” albeit extremely expensive ones.

Persons: Letitia James, Wayne LaPierre, LaPierre, “, Mr Organizations: New, National Rifle Association, Beverly Hills

☆ Judge formally says Trump owes $454 million in civil fraud case, countdown starts for him to put up the money for appeal
▼ + stars: | 2024-02-23 | by ( Kara Scannell | ) edition.cnn.com time to read: +2 min

CNN —A New York judge on Friday formally ordered Donald Trump to pay $454 million, including interest, a move that will give the former president one month to post nearly half a billion dollars to appeal the fraud verdict. Judge Arthur Engoron’s signed judgment was posted to the court docket Friday, one week after he found Trump, Donald Trump Jr. and Eric Trump liable for fraud in the civil case brought by New York Attorney General Letita James. Once Trump and the others are served with the judgment, the 30-day clock for them to file an appeal starts. The sons were each ordered to pay $4 million back in gains they improperly received because of the fraud. The judge notified both sides in an email Thursday that he would sign off on the proposed judgment drafted by the New York attorney general’s office.

Persons: Donald Trump, Judge Arthur Engoron’s, Trump, Donald Trump Jr, Eric Trump, Letita James, James, “, ” Organizations: CNN, New York, Trump, Trump Organization, New Locations: York, New York

In addition to the $355 million penalty — payback of what the judge deemed “ill-gotten gains” from his spurious financial statements — Trump is required to pay interest on that amount. James’ office calculates that, to date, Trump owes an additional $98.6 million in interest, bringing his total penalty to $453.5 million. Trump used $170 million of the $375 million to pay off a loan on the property. — $60 million, plus interest, from selling the rights to manage a New York City golf course in June 2023. Trump testified that regardless of what his financial statements said, banks did their own due diligence and would’ve qualified him for the loans anyway.

Persons: Donald Trump, “, ”, Arthur Engoron, Letitia James, who’s, Trump, who's, Friday's, what's, Engoron, James ’, Allen Weisselberg, Jeffrey McConney, — Trump, Eric, Donald Trump Jr, Donald Jr, untethered, ” Trump, Christopher Kise, would’ve, James, Engoron’s, Barbara Jones, Michael Cohen, Cohen, —, Forbes, Trump “, ” Engoron, Michael Cohen's Organizations: Republican, Trump, Trump Organization, longtime Trump Organization, TRUMP, New, Deutsche, Trump International Hotel, Waldorf, Bally's Corporation, Trump Organization finance, Division, Democrat Locations: New York, New, Manhattan, Lago, Florida, Miami, Chicago, Washington, New York City, Engoron’s, York, Trump

☆ Trump’s crushing fraud trial defeat is a microcosm of a life defined by breaking all the rules
▼ + stars: | 2024-02-17 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

Practically, Engoron’s decision will impose severe financial and personal strain on Trump as he’s emerging as the almost certain Republican presidential nominee. “He’s already said he’s going to spend most of this year in a courtroom, not on a campaign trail. Flouted rules, new realities and a busted legal strategyTrump’s belief that the rules are for others defines his business and political life. Yet this refusal to ever admit defeat also appears to be leading Trump into dangerous legal territory. His flawed philosophy that in business and life, it’s all about closing one more deal, means that even crushing defeats like the 2020 election and his fraud trial cannot change him.

Persons: Donald Trump’s, Trump, Arthur Engoron’s, —, Joe Biden, “, Biden, ” Trump, Jean Carroll, Engoron, It’s, Elise Stefanik, Nikki Haley, ” Haley, “ He’s, ” Friday’s, Tom Suozzi’s, marveled, ”, Donald Trump, Letitia James, wouldn’t, Michael D’Antonio, “ Trump, Neama Rahmani, I’ve Organizations: CNN, Trump, DOJ, Trump Organization, Republican, East Coast, South, GOP House, New York, West Locations: New York, Manhattan, Florida, York, United States, he’s, South Carolina, Washington, Georgia, American

☆ Judge Engoron’s ruling: What will it mean for Donald Trump’s businesses?
▼ + stars: | 2024-02-17 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +5 min

There is still a lot to parse from the ruling and its potential impact on Trump’s business empire, but here’s what we know so far. And Trump himself might have been permanently barred from the New York state real estate industry, something James had requested. The ruling extended the monitor’s role “for no less than three years.”That new governance structure is the reason Judge Engoron cited for not cancelling the Trumps’ business certificates. “The court’s decision to impose governing requirements [on Trump’s businesses] makes the injunction more likely to survive appeal,” Thomas said. First, at the Appellate Division and then at the New York State Court of Appeals.

Persons: Donald Trump, Trump, Donald Jr, Eric, — Trump, Judge Arthur Engoron, Letitia James, “ Trump, ”, Will Thomas, Ross, James, David Cay Johnston, Engoron, “, ” Thomas, can’t, It’s, it’s, recently, Jean Carroll, Thomas, he’s, Johnston Organizations: New, New York CNN, Trump Organization, New York, New York State, University of Michigan’s Ross School of Business, Trump, Independent Monitor, Appellate Division, of Appeals Locations: New York, New York State, ”

NEW YORK (AP) — Donald Trump's legal debts might now exceed a half-billion dollars. The verdict in the civil fraud trial requires Trump to pay interest on some of the deal profits he has been ordered to give up. As part of Friday’s ruling, the judge also ordered both of Trump’s sons to pay $4 million apiece. Last month, he was ordered to pay nearly $400,000 in legal fees to The New York Times after suing the newspaper unsuccessfully. Under the judge's ruling Friday, Trump would still be liable to pay even if the Trump Organization declares bankruptcy.

Persons: — Donald Trump's, Trump, Jean Carroll, Carroll, Letitia James, Hillary Clinton, Will Thomas, “, ” Thomas, that’s, ”, Daniel Weiner, Brennan, ” Weiner, We’re Organizations: Trump, New York, New York Times, New, University of Michigan, D.C, Truth, Trump’s, Commission, Trump Organization Locations: York, New York, Washington

The decision also bans Trump from serving as an officer or director of any New York corporation, bans his two adult sons from serving for two years and fines his two adult sons $4 million. The blistering decision from Judge Arthur Engoron effectively eviscerates the business empire Trump built over decades – an empire that fed his ego, cemented his brand and ultimately propelled the real estate mogul to the world’s most powerful political position. “In order to borrow more and at lower rates, defendants submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements," Engoron wrote. Here, despite the false financial statements, it is undisputed that defendants have made all required payments on time; the next group of lenders to receive bogus statements might not be so lucky. New York means business in combating business fraud.”Engoron anticipated finalizing his decision on damages by the end of January, but two new issues emerged that ultimately delayed the decision.

Persons: Donald Trump, Arthur Engoron, Trump, Justice Potter Stewart, Engoron, Letitia James, –, James, “, ”, he’s, He’s, ” Engoron, Trump's, Allen Weisselberg, pander, Jean Carroll Organizations: Trump, United States Supreme, Donald Trump View, New York, The New York Times, Manhattan, defaming Locations: York, New York, The

☆ The Trump fraud trial verdict goes well beyond ordering the ex-president to pay $355 million. Here's what the ruling means.
▼ + stars: | 2024-02-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

While Trump is personally on the hook for almost $355 million of that penalty, Donald Trump, Jr., and Eric Trump must pay $4 million each. It targets his real-estate and golf resort empire, the Trump Organization, and does so in two ways that Trump has pushed against for years. AdvertisementIn a statement, a Trump Organization spokesperson decried the verdict as a "gross miscarriage of justice." Donald Trump, Jr., and Eric Trump are banned from running a New York business for two years. And it bans the two former executives, ex-CFO Allen Weisselberg and ex-Controller Jeff McConney, from controlling the finances of another New York company.

Persons: —, Donald Trump's, Arthur Engoron, Trump, Donald Trump , Jr, Eric Trump, Allen Weisselberg, Letitia James, James, Judge Engoron, Donald Trump, Bernard Madoff, Read, Jeff McConney Organizations: Service, New York, Business, Trump, Trump Organization, Trump Org, New Locations: York, Trump Organization's, Manhattan, New York

☆ Trump lawyers don't want prospective jurors in 'hush-money' case to be asked if 2020 election was stolen
▼ + stars: | 2024-02-15 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Todd Blanche, the lead attorney representing Trump in the case, said that jurors should not be asked whether they believe the 2020 election — which Trump lost to now-President Joe Biden — was "stolen." Ahead of the 2016 election, Trump sought to keep Daniels — an adult film actor whose real name is Stephanie Clifford — quiet about an affair she says she had with him. It will also be the first time a former president has ever sat for a criminal trial. Blanche asked Merchan to take a fresh look at the questions jurors should be asked. AdvertisementLast year, Trump went through a three-month civil trial in Manhattan for a case brought by New York Attorney General Letitia James.

Persons: —, Donald Trump, Alex Jones, Tucker Carlson, Todd Blanche, Trump, Joe Biden —, Blanche, Joshua Steinglass, Biden didn't, Steinglass, Juan Merchan, couldn't, Merchan, Attorney Alvin Bragg, Stormy Daniels, Daniels, Stephanie Clifford —, Jean Carroll, defaming, Lewis Kaplan's, Jean Carroll's, Judge Kaplan, Pres, Donald Trump winked, Jeffrey Toobin, Ben Shapiro, Sean Hannity, Jeffrey Toobin —, Susan Necheles, mutter, Carroll, Toobin, Jack Smith, Fani Willis, Smith, Letitia James, Arthur Engoron Organizations: Service, Business, Trump, New, Attorney, US, Getty, Prosecutors, New Yorker, CNN, Justice, New York, Trump Organization Locations: Manhattan, Washington, DC, Fulton County, Florida

☆ Trump’s New York self-defense, annotated
▼ + stars: | 2024-02-15 | by ( Zachary Wolf | Analysis Zachary B. Wolf | ) edition.cnn.com time to read: +15 min

We got a preview of this unprecedented criminal trial mixed with a presidential campaign on Thursday at a key hearing in the New York criminal case. Claiming violent crime in cites, especially those run by Democrats, is one of Trump’s favorite talking points. The idea that violent crime is at an “all-time high” is completely untrue, as CNN’s Daniel Dale wrote last October. But the judge in Manhattan has filled Trump’s calendar at the end of March, when that federal trial could theoretically have taken place. But as The New York Times notes, despite the rising number of migrants in the city, violent crime has dropped.

Persons: Donald Trump, Trump, Fani Willis, I’ve, there’s, It’s, he’s, Attorney Alvin Bragg, Karen McDougal, Michael Cohen, Stormy Daniels, Daniels, Cohen, Daniel Dale, Dale, Joe Biden’s, ”, Biden, Jack Smith, Bragg, Willis, There’s, Matthew Colangelo, Letitia James, Democratic Sen, Chuck Schumer, I’m, Richard Nixon, Ronald Reagan, Alexey Navalny, Vladimir Putin, ” Trump, you’re, –, Nikki Haley, Haley, we’ve, let’s Organizations: CNN, New, Manhattan, Attorney, Trump, National Enquirer, American Media Inc, Enquirer, The Trump Organization, AMI, Department of Justice, New York City Police Department, Justice Department, New York, Democratic, Republican, Republicans, South Carolina Gov, GOP, Biden, New York Times, White Locations: Manhattan, New York, Georgia, Washington ,, Russia, South Carolina, Carolina, Florida, Texas, New York City, “

☆ She arrived at JFK airport in 1971 and two men were waiting for her. Here’s how she ended up married to one of them
▼ + stars: | 2024-02-14 | by ( Francesca Street | ) edition.cnn.com time to read: +18 min

Linda arrived in New York City “in precisely the clothes I described.” At the airport, she glanced around, searching the throngs of people. Linda PorterThe dark-haired, mustachioed man “was George,” Linda soon realized. An introduction to New York CityLinda arrived in New York City excited to embark on a new chapter. Courtesy G. Porter and Dr. L. M. PorterLike Linda, George Porter was also a New York City transplant. Newly married, Linda – who took George’s name, becoming Linda Porter – returned to the US, once again landing in JFK airport.

Persons: John F, Linda Ford, Linda wasn’t, ” Linda, Linda, she’d, – she’d, “, ”, George, John Rooney, George Porter, –, who’d, they’d, Linda Dean, I’d, Linda Porter, Jean, Claude, Frenchman, ” Jean, “ George, New York City Linda, Porter, ” “, ” George, Linda –, he’d, “ Linda, George “, he'd, It’s, Penny, Patty, – “, Linda’s, George’s, Here's George, Porter “, we’d, Linda Porter –, Linda weren’t, ’, Max Burnell, CNN George, I’m, “ Jean Organizations: CNN, Kennedy International Airport, City University of New, CNN Travel, Kennedy International, JFK, Air, Air France, New, Riverside Park, Yorker, Atlantic Locations: JFK, City University of New York, United States, England, Paris, York City, “ New York, New York City, Air France, Southern, New York, Manhattan, Arkansas, George, Europe, –, Linda’s, midtown, NYC, Staten, of, Central Park, West Coast, “ But New York, Sevenoaks, Kent, Riverside, New Jersey, Switzerland

☆ Red states are big winners of Biden’s landmark laws
▼ + stars: | 2024-02-14 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Fitch defined red states as those that voted for former President Donald Trump in 2020 by more than three percentage points. “The reality is manufacturing was migrating to those states even before the CHIPS Act and the IRA. Relative to the size of their state economies, Arizona, Idaho and West Virginia are the biggest winners from the IRA and CHIPS Act investments, according to Fitch. New York leads blue state winnersNone of this is to say blue states aren’t benefiting from the IRA and the CHIPS Act. Micron cited the tax credits in the CHIPS Act as well as incentives provided by New York state aimed at luring semiconductor companies.

Persons: Joe Biden, Biden, Fitch, Donald Trump, Olu Sonola, Sonola, ‘, ” Natalie Quillian, “, ”, Lauren Boebert, Quillian Organizations: New, New York CNN, Redwood Materials, Redwood, America’s, IRA, Republican, CNN, Fitch, Trump, Micron, White House, White, Lonestar, Samsung, Intel, IBM, Central, “, CS, Colorado Republican Locations: New York, South Carolina, Arizona, Georgia, Nevada , North Carolina , Michigan, Pennsylvania, Wisconsin, Idaho, Boise, America, Texas, Taylor , Texas, Austin, Russia, Canada, Arizona , Idaho, West Virginia, Chandler , Arizona, “ Arizona, . New York, Hudson Valley, Central New York, “ New York, Colorado, Pueblo , Colorado

☆ TikTok, Facebook and YouTube sued by New York City for alleged harm to kids' mental health
▼ + stars: | 2024-02-14 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

The suit alleges that Meta , Snap , ByteDance and Google (whose parent company is Alphabet ) knowingly "designed, developed, produced, operated, promoted, distributed, and marketed their platforms to attract, capture, and addict youth, with minimal parental oversight." They claim that New York's school districts and various health and social services have been severely impacted by children who have suffered negative mental health consequences stemming from their use of popular social media apps. "In collaboration with youth, mental health and parenting experts, we've built services and policies to give young people age-appropriate experiences, and parents robust controls." New York's lawsuit echoes similar allegations made against Meta, Snap, TikTok and Alphabet in litigation filed in 2022 in the Northern District of California. Meanwhile, a coalition of over 40 attorneys general filed a joint federal lawsuit against Meta alleging that its products are addictive and harm mental health.

Persons: Eric Adams, Adams, we've, Meta, it's, Snapchat, Mark Zuckerberg, Shou Zi Chew, Evan Spiegel Organizations: York City, Facebook, YouTube, Google, Meta, Northern District of, Social Locations: York, TikTok, U.S, New York, Los Angeles, California, Northern District, Northern District of California

Remington is consolidating its operations in Georgia, a state the company says is friendlier to the firearms industry. Mayor John Stephens meets with village board members under a seal portraying Eliphalet Remington holding a long gun. The four-story, brick plant by Armory Street and Remington Avenue looms over the community about 55 miles (90 kilometers) east of Syracuse. The Ilion plant went to a group of investors called the Roundhill Group as part of a $13 million bid. After months of union negotiations, the firearms plant reopened in the spring of 2021.

Persons: — Remington, Eliphalet Remington, Sandy, Remington, it’s, ”, Jim Conover, Mayor John Stephens, Conover’s, Frank “ Rusty ” Brown, “, Brown, RemArms, Ken D’Arcy, “ They've, Daniel Mendez, Stephens, Michael Disotelle, Sandy Hook, we’re, ” Stephens Organizations: Remington, Mayor, Street, United Mine Workers of America, Remington Firearms, Republican, New, Smith & Wesson, Cerberus Capital Management, Remington Arms, Bushmaster Firearms, Co, Vista Locations: Mohawk, Georgia, Sandy Hook, Detroit, Syracuse, New York, New York City, Tennessee, Springfield , Massachusetts, LaGrange , Georgia, Erie, Ilion

The results will either buttress Trump's claims of massive wealth or expose him as a poseur. The biggest potential judgment comes in the civil fraud case brought by New York Attorney General Letitia James. The court has already determined that Trump committed fraud by securing loans through false financial statements – including inflating the value of his properties. The fraud case is more complicated, experts say, since there was no clear victim identified. Judge Arthur Engoron, who will deliver the judgment on financial damages as well as the fate of Trump's businesses in New York, hasn't been sympathetic to the idea that Trump's fraud caused no harm.

Persons: Donald Trump, ”, Trump, E, Jean Carroll –, Laurie Levenson, Levenson, Carroll, Letitia James, Gregory Germain, Arthur Engoron, hasn't, Germain, He's, Anna Cominsky, –, William Thomas, Stephen M, Thomas, James, hamstringing Trump Organizations: Trump, New, Forbes, Bloomberg, Loyola Law, New York, Syracuse University, Donald Trump View, New York University Law, Federal, Commission, America, PAC, Ross School of Business, University of Michigan Locations: New York, Engoron

The hefty sum underscores the legal jeopardy Trump faces as he marches toward securing the 2024 Republican presidential nomination. The Trump campaign did not respond to a request for comment on the legal spending. Trump’s campaign paid Atlanta attorney Steven Sadow $1.5 million in the second half of 2023. Campaign money was also used to pay attorneys who have represented co-defendants and potential witnesses in the Trump cases. The New York attorney general’s case against Trump centers on his business financial statements.

Persons: — Donald Trump’s, Eli Bartov, Bartov, Arthur Engoron, Trump, Richard Briffault, ” Briffault, he’s, Alina Habba, Jean Carroll, Carroll, “, ” Trump, schemed, Chris Kise, Foley, Lardner, Kise, Steven Sadow, Sadow, Brand, Walt Nauta, He’d, Engoron, he’d Organizations: WASHINGTON, New York University, Trump’s, New, Associated Press, Columbia Law School, White, Trump, America, New York, Continental, Atlanta, Brand Woodward Law, Save America Locations: New York, New Jersey, Carroll, York, Largo, Florida, Georgia, New York City, Washington, Trump’s, Lago

☆ A commercial real estate crash is unfolding, and regional banks are feeling the pain
▼ + stars: | 2024-02-01 | by ( Aruni Soni | ) www.businessinsider.com time to read: +1 min

Regional bank stocks are feeling the bite of the unfurling commercial property crisis in a rout that's giving SVB-collapse flashbacks. Commercial real estate loans are going sour with huge defaults on the horizon, pummeling banks from New York to Tokyo. Regional banks are a lot more exposed and vulnerable to commercial real estate loans. AdvertisementPlummeting regional bank stocks are giving investors déjà vu, but the underlying problem this time around is the commercial property crisis. The decline was led by New York Bancorp, which tumbled nearly 40% on Wednesday after posting a fourth-quarter loss of $260 million due to of sour commercial real estate loans.

Persons: —, déjà Organizations: Service, Nasdaq, Silicon Valley Bank, New York Bancorp, Business Locations: New York, Tokyo, Silicon

☆ Trump Civil Fraud Verdict Now Expected by Mid-February
▼ + stars: | 2024-02-01 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

By Jack QueenNEW YORK (Reuters) -A ruling in the New York state attorney general's $370 million civil fraud case against former U.S. president Donald Trump will not come until early to-mid February, a court spokesperson said Thursday. Trump has denied wrongdoing and called the case a political vendetta by James, an elected Democrat. Engoron previously ruled in September that Trump had engaged in fraud and ordered his business empire be partially dissolved. Closing arguments were delivered in the case on Jan. 11, with Engoron saying on that day he had hoped to issue a ruling by Jan. 31. On the day of closing arguments, Trump lashed out at the judge in the courtroom, telling him, "You have your own agenda.

Persons: Jack Queen, general's, Donald Trump, Arthur Engoron, Joe Biden, Letitia James, Trump, James, Jan, Christopher Kise, Will Dunham Organizations: Jack Queen NEW, U.S, Democratic, New York, Trump Locations: New York, New, Engoron

☆ Citi Is Sued by New York State Over Account Transfer Fraud
▼ + stars: | 2024-01-30 | by ( Rob Copeland | More About Rob Copeland | ) www.nytimes.com time to read: +1 min

New York State’s attorney general sued Citi on Tuesday, accusing it of failing to stop scammers from stealing an unspecified amount of money from customer accounts, and saying the bank should reimburse fraud victims for any losses. The lawsuit, filed in federal court, laid out a variety of ways in which Citi clients had been fooled into disclosing sensitive information that let hackers gain access to their accounts and steal millions of dollars. In what are known as phishing scams, some of the cases involved Citi’s customers receiving text messages or emails that purported to be from Citi but were really from criminals. The New York attorney general, Letitia James, said that Citi should have been suspicious when large transfers were requested from customer accounts that had not had such activities for decades — and that only minutes before had their passwords changed. Citi later denied her request to be reimbursed, saying it was her fault for clicking on the scammer’s message.

Persons: Letitia James Organizations: Citi, New Locations: York, New York

☆ Yacht-see! Wayne LaPierre takes witness stand as NRA corruption-trial jury views photos of luxury ships he enjoyed on vendor's dime.
▼ + stars: | 2024-01-26 | by ( Laura Italiano | ) www.businessinsider.com time to read: +8 min

Wayne LaPierre took the stand Friday in the NRA corruption trial in New York. A photo of the deck of the yacht "Illusions," shown at the NRA civil corruption trial in New York. NRA leader Wayne LaPierre arrives at his civil corruption trial in New York. A photo of the yacht "Illusions," shown to jurors in the NRA civil corruption trial in New York. A photo of the "Grand Illusion" shown to jurors in the NRA corruption trial in New York.

Persons: Wayne LaPierre, corruptly, LaPierre, —, Jonathan Conley, Susan, Conley, Brendan McDermid, David McKenzie, McKenzie, Laura, Sandy Hook, he'd, Sandy Hook's, Mr, YachtCharterFleet.com LaPierre, Lyme, He's, Wayne LaPierre's, Nick Suplina, Letitia James, Kris Brown, Brady, Brown, Wayne, Joel Cohen Organizations: Service, NRA, Partners, Associated Television, Gun Safety, New York Locations: New York, Manhattan, Bahamas, staterooms, York, Caribbean, McKenzie, Dallas, Orlando

On the eve of the trial, LaPierre, 74, announced he would resign from his position by the end of the month. While North has faced allegations of a conflict of interest from some within the NRA, he maintained that the arrangement was approved at the highest levels. “Wayne LaPierre helped me draft that agreement,” North said. “Wayne LaPierre is the one who told me: ‘I’ll take care of it.’"During the cross-examination, North emphatically denied trying to remove LaPierre from power for his own personal gain. He has agreed to testify at the trial, pay the NRA $100,000 and forgo further nonprofit involvement.

Persons: — Oliver North, Wayne LaPierre, LaPierre, I’m, North, Letitia James, scribbling, “, ”, “ We’re, Ackerman McQueen, “ Wayne LaPierre, Wayne, ” James, Wilson Phillips, John Frazer, Frazer, Phillips, Joshua Powell, James ’ Organizations: National Rifle Association, NRA, New York, North Locations: York, Manhattan, Iran

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