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☆ Jury selection for the Trump Organization trial started with a warning: Brace for a long trial
▼ + stars: | 2022-10-24 | by ( Laura Italiano | Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

The criminal tax fraud trial of Trump's business empire has begun in Manhattan. The Trump Org was charged in 'a long-time scheme to defraud the tax authorities,' the judge said. Jurors were told that jury selection should take one week and that the trial could take five to six weeks after that. The Trump Organization, which has pleaded not guilty, could face harsh tax penalties and be fined more than $1 million if convicted. Conviction could hamper the company's business dealings and even prompt the government to bar the Trump Organization from doing business as a federal contractor, as Insider has previously reported.

☆ How a conviction in Trump Org's upcoming trial could bar Trump from federal contracts, even for Secret Service
▼ + stars: | 2022-10-23 | by ( Laura Italiano | Dave Levinthal | ) www.businessinsider.com time to read: +9 min

A ban could end his 'exorbitant' billing of Secret Service agents who protect him at his resorts. Add to that the recent news that the Trump Organization had billed the Secret Service more than $ 1.4 million to stay at Trump properties during the former president's time in office. At the Trump Organization headquarters in Trump Tower on Fifth Avenue, the cars, apartments and tuition were considered part of Weisselberg's $940,000-a-year income, prosecutors allege. Secret Service a tough targetWatchdogs concede that Trump's Secret Service billing is a tough target. Barring the unlikelihood of a cash-free solution — Trump letting the Secret Service "stay at our properties for free," as Eric Trump once promised, or forgoing Secret Service protection voluntarily, as Richard Nixon did — Trump's Secret Service spigot may well remain open, watchdogs acknowledge.

The jury in Kevin Spacey's sexual abuse trial found that the Oscar-winning actor is not liable for battery against “Star Trek: Discovery star” Anthony Rapp. Rapp alleged that Spacey climbed on top of him at a party in New York City in 1986, when Rapp was 14 and Spacey was 26. “I didn’t ask for him to do that,” he told jurors, referring to Spacey’s alleged sexual advance. Rapp alleged that sometime after that evening, Spacey invited him to a party at his apartment. Rapp testified that he did not recognize anyone at the party, so he went into a bedroom to watch television.

Rapp, watching Spacey accept his prize, threw a pencil at the screen, he testified this week. Spacey’s lawyers have tried to convince the jury of six men and six women that Rapp fabricated his claim in large part because he was bitterly envious of their client's success. Rapp, they contend, desperately wanted Spacey’s career: the hit films, the plum roles, the two Oscars. But through the first five days of the trial in downtown Manhattan, Rapp’s alleged jealousy has been a recurring and striking theme. “I wanted my career.”Warrington Parker, a San Francisco trial attorney, and Danny Cevallos, an NBC News legal analyst, both described the jealousy argument as a high-risk bet for Spacey’s lawyers.

Rocchio testified that Rapp "did suffer emotional distress, assuming this occurred." She told jurors that Rapp experienced feelings of "shame, guilt and self-blame" as an adolescent. Rapp testified on Wednesday that the alleged encounter with Spacey was "the most traumatic single event of my life" and caused "lingering impacts." Rocchio recalled that Rapp told her he was having trouble remembering his lines of dialogue at some point in 2019. "One of the ways he tried to avoid thinking about things was to throw himself into his work," Rocchio testified.

☆ I was hypnotized by the Four Seasons Hotel's 'resident healer' and was pleasantly surprised by the eccentric $285 treatment. Here's what it was like.
▼ + stars: | 2022-09-26 | by ( Hannah Towey | ) www.businessinsider.com time to read: +5 min

The Four Seasons Hotel spa in New York offers consultations with "certified spiritual healers." Nicole Hernandez, also known as "the traveling hypnotist," is a resident healer at the Four Seasons Downtown New York. Nicole felt more like a professional psychologist than a wacky stage guru, despite references to past lives and a fair amount of mindfulness buzz words. Nicole Hernandez / The Traveling HypnotistAfter Nicole explained what to expect, we had a 20-minute conversation about any issues I'd like to tackle. Four Seasons hypnotism session Hannah Towey/InsiderAs the projection of myself ran around and danced, Nicole asked me what else she (I?)

☆ The Fed has to balance its latest rate hike with trying not to tank the economy. Here's what to know.
▼ + stars: | 2022-09-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Today, I'm breaking down what to know about the Fed's third jumbo rate hike, and how markets could look in its aftermath. In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. A third, outsized rate hike is an unprecedented move by the Federal Reserve. For this meeting in particular, billionaire David Rubenstein warned that a 100-basis-point hike this week would shock and depress markets and investors. What's on deck for markets after a third consecutive large rate hike?

☆ Bed Bath & Beyond shares decline after CFO's death
▼ + stars: | 2022-09-06 | by ( ) www.nbcnews.com time to read: +1 min

Shares of Bed Bath & Beyond were down in premarket trading Tuesday after the struggling retailer’s chief financial officer died over the weekend. The stock was down more than 15% as investors weighed the company’s leadership crisis after Gustavo Arnal’s death. The loss comes after the company recently eliminated some executive positions, including chief operating officer, as part of its efforts to win back investor confidence and customers. Bed Bath & Beyond is operating under an interim chief executive, Sue Gove, after the company’s former leader, Mark Tritton, was ousted by the board in June. Arnal joined Bed Bath & Beyond in 2020 from London-based cosmetics company Avon after the start of the Covid-19 pandemic.

☆ Bed Bath & Beyond CFO falls to death days after company announces massive closures and layoffs
▼ + stars: | 2022-09-05 | by ( Julianne Mcshane | ) www.nbcnews.com time to read: +3 min

A Bed Bath & Beyond executive died from an apparent suicide after falling from the downtown Manhattan luxury skyscraper where he lived, according to New York's medical examiner’s office. A Sunday statement from the retailer said that "the entire Bed Bath & Beyond Inc. organization is profoundly saddened by this shocking loss." Last year, Arnal took home $2.9 million as CFO of Bed Bath & Beyond, including $775,000 in salary and the rest in stock awards, according to InsiderTrades.com. Last month, he sold more than 42,500 shares of company stock worth more than a million dollars, according to the website MarketBeat. Bed Bath & Beyond's stock took a major hit last month after an influential investor sold all of his nearly 7.8 million shares.

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