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☆ Ex-Mexico drug czar helped Sinaloa cartel's 'cocaine empire,' U.S. prosecutor says
▼ + stars: | 2023-02-15 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +2 min

REUTERS/Jane RosenbergNEW YORK, Feb 15 (Reuters) - A former Mexican law enforcement official once in charge of the country's battle against drug trafficking helped the Sinaloa cartel build a "global cocaine empire" in exchange for millions of dollars in bribes, a U.S. prosecutor said on Wednesday. "These leaders paid the defendant bribes for protection - and they got what they paid for," Komatireddy said, referring to Guzman and two other top-ranking Sinaloa cartel figures. Garcia Luna, she said, "used his official government position to make millions of dollars for himself from the people he was supposed to prosecute." Garcia Luna, one of the highest-ranking Mexican officials ever accused of helping drug cartels, led Mexico's Federal Investigation Agency from 2001 to 2005 and was public security minister from 2006 to 2012. Guzman was sentenced to life in prison in 2019 following his conviction in Brooklyn on drug trafficking and murder conspiracy charges.

After finding Sayfullo Saipov guilty of committing murder with the goal of joining the militant group Islamic State, also known as ISIS, the Manhattan jury will return on Feb. 6 to consider whether the death penalty is appropriate punishment. The only point of contention between prosecutors and Saipov's lawyers was whether the defendant carried out the attack in order to join Islamic State, which the United States brands a terrorist organization. These included murder and attempted murder to gain entrance to Islamic State, providing material support to a terrorist organization, and damage or destruction of a motor vehicle. The U.S. Department of Justice said in September that it intends to seek the death penalty for Saipov, despite a moratorium on federal executions since July 2021 as the department reviews the practice. Reporting by Luc Cohen in New York; Editing by Leslie Adler, Bill Berkrot and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Here's why investors can expect returns in the S&P 500 this year after 2022's stock market bloodbath.
▼ + stars: | 2023-01-04 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

This time last year, the S&P 500 was coming off its all-time closing high, which had arrived on 2022's first day of trading. It's only happened four times, but when the S&P 500 sees back-to-back losing years, the second is always worse. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. And if you look at Bank of America's Sell Side Indicator, a year in the green for the S&P 500 seems to be in the cards. Morgan Stanley just revamped a nine-stock list that's beaten the S&P 500 by 18% over time.

☆ Crumbling tech stocks and recession fears have cratered the fortunes of the wealthiest Americans including Elon Musk and Jeff Bezos.
▼ + stars: | 2022-12-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Britta Pedersen-Pool/Getty Images; Arif Hudaverdi Yaman/Getty Images; KENZO TRIBOUILLARD/Getty Images; Mike Cohen/Getty Images; Yuqing Liu/Business Insider1. Besides the fallen crypto king, many of these shrinking fortunes can be chalked up to this year's bloodbath in the tech stocks. How has Elon Musk's involvement with Twitter impacted your outlook for Tesla stock? Tesla stock price on December, 29, 2022 Markets Insider10. Tesla stock climbed Wednesday as dip-buyers poured into the EV maker.

☆ Sam-Bankman Fried to be released on $250 million bail and will be required to stay with parents ahead of FTX trial
▼ + stars: | 2022-12-22 | by ( Jacob Shamsian | Sindhu Sundar | ) www.businessinsider.com time to read: +6 min

Sam Bankman-Fried was granted release on $250 million bail at a court hearing Thursday. He will be required to surrender his passport and stay with his parents ahead of a federal trial on a list of charges tied to the failure of FTX. Bankman-Fried will be required to attend a court hearing in California at 10 a.m. Friday, Gorenstein ruled. Another court hearing is scheduled for January 3 in Manhattan, where Bankman-Fried is expected to enter a plea. Criminal allegations against Ellison and Wang, first filed on December 19, were unsealed in court on Thursday morning ahead of Bankman-Fried's court appearance.

☆ Allen Weisselberg could get more time since the Trump Org guilty verdict required jurors to find he lied
▼ + stars: | 2022-12-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

A judge could rule Weisselberg violated the deal because jurors, by their verdict, found he lied. He has been promised a five-month jail sentence as part of his August plea deal. But that deal required Weisselberg, 75, to testify truthfully against former President Donald Trump's real-estate company, where he's worked since the 1970s. "Weisselberg says over and over, 'I, together with the Trump Organization,'" Florence, now in private practice, noted of his guilty plea. Trump Organization lawyers have already promised to appeal the verdict itself.

Weisselberg, the Trump Organization's former chief financial officer, spoke about the savings during testimony as the prosecution's star witness. Weisselberg pleaded guilty in August to avoiding taxes on $1.76 million in income and helping engineer tax fraud. He said if the Trump Organization gave him a raise to cover those expenses, it would have cost the company twice as much to account for his resulting taxes. They have also sought to blame Mazars, which for many years prepared Trump Organization tax returns. The trial's first witness, Trump Organization controller Jeffrey McConney, testified that he did not know whether executives' rent payments were taxable income.

☆ Jury weighs whether Trump ally Barrack was a foreign agent and lied about it
▼ + stars: | 2022-11-02 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

[1/3] Tom Barrack watches jury selection in a courtroom sketch in New York City, U.S. September 19, 2022. Tom Barrack, a private equity executive and onetime fundraiser for former President Donald Trump is charged with acting as a foreign agent without notifying the U.S. government as required. Barrack, 75, is also accused of obstruction of justice and making false statements to FBI agents in 2019 about his interactions with Emirati officials and their representatives. Barrack testified in his own defense during the trial, telling jurors he never agreed to be a UAE agent. Sam Nitze, a prosecutor, countered in a rebuttal that Emirati officials were "thrilled" at Barrack's comments about the country and its leaders during television interviews.

☆ Here's why people who dislike Trump were allowed on the jury for the Trump Organization criminal trial
▼ + stars: | 2022-10-29 | by ( Ashley Collman | Laura Italiano | ) www.businessinsider.com time to read: +4 min

Three people who dislike Trump made it onto a jury deciding a criminal case involving his company. In fact, well over half of some 60 people polled as potential jurors this week said they had negative views of the former president. Potential jurors raise their hands during the jury seating process of the Trump Organization criminal tax-fraud trial on October 24, 2022. That's because juries are formed by slowly weeding out potential jurors that either side doesn't want on the jury, and the jury is formed with whoever is left. "You pick the right jury, you're going to win.

The charges to which Weisselberg pleaded guilty included grand larceny and tax fraud, and he admitted concealing $1.76 million in income. The Trump Organization, which operates hotels, golf courses and other real estate around the world, could face up to $1.6 million in fines for the three tax fraud counts and six other counts it faces. In his guilty plea, Weisselberg admitted to scheming with the company so that "substantial portions" of his and other employees' income was unreported or misreported. Weisselberg has worked for the Trump Organization for nearly half a century. After his guilty plea, he was placed on a paid leave of absence, according to a person familiar with the matter.

Kevin Spacey is cross examined by Richard Steigman during Anthony Rapp's civil sex abuse case against Spacey in this courtroom sketch from the trial in New York, U.S., October 18, 2022 as U.S. District Judge Lewis Kaplan presides. REUTERS/Jane RosenbergOct 20 (Reuters) - Closing arguments began on Thursday in Kevin Spacey's civil sex abuse trial, as the Oscar-winning actor fights allegations that he made an unwanted advance on a 14-year-old in 1986. Rapp, at the start of his own Broadway career at the time, said he was able to "swerve my way out" but that the experience scarred him. During the trial, Judge Lewis A. Kaplan dismissed Rapp's claim for emotional distress but allowed the case to proceed on his battery claim. Spacey faces a criminal trial in London next year after pleading not guilty to five sex offense charges over alleged assaults between 2005 and 2013.

Timothy Hale-Cusanelli appears during a virtual hearing in a New Jersey court January 19, 2021 on charges related to the January 6th storming of the U.S. Capitol in Washington. REUTERS/Jane RosenbergWASHINGTON, Sept 22 (Reuters) - A New Jersey man, who was accused of being a Nazi sympathizer and in May was found guilty of charges related to the Jan. 6, 2021, attack on the U.S. Capitol, was sentenced to four years in prison on Thursday, the Justice Department said. Timothy Hale-Cusanelli, 32, of Colts Neck, New Jersey, was sentenced in the District of Columbia on felony and misdemeanor charges stemming from his actions during the Capitol attack, the Justice Department said in a statement. An informant told investigators that Hale-Cusanelli was "an avowed white supremacist and Nazi sympathizer" who had posted online videos espousing extreme political opinions, the Justice Department had alleged earlier in court filings. The Justice Department says it has arrested more than 870 people for crimes related to the breach of the Capitol, including over 265 who were charged with assaulting or impeding law enforcement.

☆ Trump ally Barrack's trial on foreign agent charges moves to opening statements
▼ + stars: | 2022-09-21 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +3 min

Tom Barrack watches jury selection in a courtroom sketch in New York City, U.S. September 19, 2022. Tom Barrack, a private equity executive and onetime fundraiser for former President Donald Trump is charged with acting as a foreign agent without notifying the U.S. government as required. Register now for FREE unlimited access to Reuters.com RegisterThey intend to argue that their interactions with UAE officials were part of their work for DigitalBridge, then known as Colony Capital. Trump may be called as a witness at the trial, Cogan told several jurors. read moreBefore opening statements on Wednesday, prosecutors will eliminate six jurors of their choice, while the defendants will together strike 13.

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