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jgo's JournalCo-Founder Of Multi-Billion-Dollar Cryptocurrency Pyramid Scheme "OneCoin" Pleads Guilty
Source: Department of Justice
OneCoin Was a Fraudulent Cryptocurrency Marketed and Sold to Millions of Victims Around the World, Resulting in Billions of Dollars in Losses.
Damian Williams, the United States Attorney for the Southern District of New York, announced today that KARL SEBASTIAN GREENWOOD, who co-founded OneCoin with RUJA IGNATOVA, a/k/a “the Cryptoqueen,” pled guilty today in Manhattan federal court to wire fraud and money laundering charges in connection with his participation in the massive OneCoin fraud scheme. OneCoin, which began operations in 2014 and was based in Sofia, Bulgaria, marketed and sold a fraudulent cryptocurrency by the same name through a global multi-level-marketing (“MLM”) network. As a result of misrepresentations that GREENWOOD, IGNATOVA, and others made about OneCoin, victims invested over four billion dollars worldwide in the fraudulent cryptocurrency. Today, District Judge Edgardo Ramos accepted GREENWOOD’s guilty plea. IGNATOVA, who was added to the Federal Bureau of Investigation’s Top Ten Most Wanted List in June 2022, remains at large.
Read more: https://www.justice.gov/usao-sdny/pr/co-founder-multi-billion-dollar-cryptocurrency-pyramid-scheme-onecoin-pleads-guilty
School choice supporters vow to continue fight in Kentucky after Supreme Court ruling
Source: The Center Square
Supporters of school choice measures say they’re not giving up bringing the education policy to Kentucky, even though the state’s Supreme Court struck down a law Thursday that would have allowed education opportunity accounts in the state.
While supporters vow to continue their push, Gov. Andy Beshear, who vetoed the bill last year, said in a statement the court’s ruling should settle the issue.
“We can’t send public dollars directly or indirectly to private or charter schools, nor should anyone try,” he said. “The answer is to work together to improve our public school system. Let’s provide funding, let’s provide that raise so that we can get enough teachers in the classroom and let’s invest in technology and social and emotional learning the way we need to.”
Read more: https://www.thecentersquare.com/kentucky/school-choice-supporters-vow-to-continue-fight-in-kentucky-after-supreme-court-ruling/article_457e4262-7d6c-11ed-93d8-eb95516b477b.html
U.S. labor board region sides with USC athletes seeking 'employee' designation
Source: Reuters
The Los Angeles regional head of the U.S. agency that enforces U.S. labor laws has sided with scholarship basketball and football players at the University of Southern California (USC) seeking recognition as employees and the right to unionize.
The National Labor Relations Board (NLRB) director of the agency's Region 31 office issued a finding of merit in an unfair labor practice charge brought by the student athletes against USC, the National Collegiate Athletic Association (NCAA) and the Pac-12 athletic conference.
Read more: https://www.reuters.com/world/us/us-labor-board-region-sides-with-usc-athletes-seeking-employee-designation-2022-12-16/
HSBC sets precedent by withdrawing support for oil and gas
Source: FinTech
HSBC has become the latest bank to announce it will no longer finance new oil and gas fields, raising the prospect that the banking sector could accelerate the transition towards renewable energy.
Europe’s largest bank follows in the footsteps of UK high-street bank Lloyds, which announced a similar withdrawal of funding back in October. HSBC is understood to be the largest bank to date to draw a line under oil and gas financing.
Read more: https://fintechmagazine.com/articles/hsbc-sets-precedent-by-withdrawing-support-for-oil-and-gas
US military creates space unit in S. Korea to watch North
Source: Associated Press
SEOUL, South Korea (AP) — The U.S. military formally launched a space force unit in South Korea on Wednesday, its first such facility on foreign territory that will likely enable Washington to better monitor its rivals North Korea, China and Russia.
The activation of the U.S. Space Forces Korea at Osan Air Base near Seoul came after North Korea test-fired a barrage of nuclear-capable ballistic missiles designed to strike the U.S. mainland and its allies South Korea and Japan in recent months.
Read more: https://apnews.com/article/donald-trump-seoul-south-korea-north-e335a94bea087b541c23e15457e27da3
U.S. authorities charge 8 social media influencers in securities fraud scheme
Source: Reuters
U.S. prosecutors on Wednesday said they have charged eight individuals in a securities fraud scheme, alleging they reaped about $114 million from by using Twitter and Discord to manipulate stocks.
The eight men allegedly purported to be successful traders on the social media platforms and then engaged in a so-called "pump and dump" scheme by hyping particular stocks to their followers with the intent to dump them once prices had risen, according to prosecutors in the Southern District of Texas.
Read more: https://www.reuters.com/legal/us-sec-charges-8-influencers-100-mln-stock-fraud-scheme-2022-12-14/
Biden looks to reassert US influence in Africa with summit
Source: thehill.com
President Biden is hosting 50 leaders from Africa in Washington this week for a high-profile summit seeking to bolster future relations with the continent and counter Chinese and Russian influence.
It is the first time since 2014 the White House will host a summit with African leaders as the Biden administration seeks greater collaboration on trade, investments, elections and climate change.
Read more: https://thehill.com/homenews/administration/3773572-biden-looks-to-reassert-us-influence-in-africa-with-summit/
These five African countries were not invited to Biden's summit
Source: thehill.com
The Biden administration is hosting a summit this week that brings together leaders of 49 African countries, as well as heads of the African Union, to collaborate on key policy across climate change, security and trade.
A senior White House official this week said four of those countries — Guinea, Sudan, Mali and Burkina Faso — have changed their governments unconstitutionally and were suspended from the African Union.
The U.S. does not have formal ties with Eritrea, a country located in the Horn of Africa in the eastern region of the continent, so the nation’s leaders were not invited.
Read more: https://thehill.com/policy/international/3773942-these-five-african-countries-were-not-invited-to-bidens-summit/
January 6 committee chairman: Final public meeting will be Monday and full report Dec 21
Source: CNN
Updated 3:59 PM EST, Tue December 13, 2022
Rep. Bennie Thompson, the chairman of the House select committee investigating the January 6, 2021, insurrection, told reporters the committee will hold its final public meeting on Monday and that the panel's full report will come out December 21.
Thompson, a Democrat from Mississippi, said the committee will approve the panel's final report on December 19 and make announcements about criminal referrals to the Justice Department, but the public will not see the final report until two days later.
Asked about the committee's plans to hold a public meeting on Monday, Thompson said: "We looked at the schedule and it appears we can complete our work a little bit before that," Thompson said of shifting the public meeting earlier next week. "So why not get it to the public?"
Read more: https://www.cnn.com/2022/12/13/politics/january-6-committee-final-public-meeting/index.html
European Parliament strips Eva Kaili of VP role over Qatar graft scandal
Source: Reuters
STRASBOURG, Dec 13 (Reuters) - The European Parliament removed Greek MEP Eva Kaili as a vice president of the assembly on Tuesday after she was accused of accepting bribes from Qatar in one of the biggest corruption scandals to hit Brussels.
Kaili has denied any wrongdoing, but European lawmakers have acted rapidly to isolate her, worrying that the Belgian investigation will badly dent the assembly's efforts to present itself as a sound moral compass in a troubled world.
Belgian prosecutors charged her and three Italians at the weekend with taking part in a criminal organisation, money laundering and corruption.
In a speech in the European Parliament on Nov. 21, at the start of the month-long World Cup, Kaili lashed out at Qatar's detractors and hailed the energy-rich Gulf state as "a frontrunner in labour rights."
Read more: https://www.reuters.com/world/europe/european-parliament-lawmaker-denies-taking-bribes-qatar-lawyer-2022-12-13/
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