Financial Crime USA – Atos Victims Group http://atosvictimsgroup.co.uk/ Sat, 15 Jan 2022 23:46:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://atosvictimsgroup.co.uk/wp-content/uploads/2021/05/default1.png Financial Crime USA – Atos Victims Group http://atosvictimsgroup.co.uk/ 32 32 One American News Network dropped by DirecTV, a major financial blow for the far-right network https://atosvictimsgroup.co.uk/one-american-news-network-dropped-by-directv-a-major-financial-blow-for-the-far-right-network/ Sat, 15 Jan 2022 20:14:25 +0000 https://atosvictimsgroup.co.uk/one-american-news-network-dropped-by-directv-a-major-financial-blow-for-the-far-right-network/ Pay-TV satellite service DirecTV will drop One America News Network (OAN) when the right-wing channel’s current distribution deal expires, likely a critical blow to OAN’s viewership and finances. About 90% of the right-wing network’s revenue came from a contract with AT&T TV platforms including DirecTV and U-verse, Reuters reported in October 2021, citing accountant sworn […]]]>

Pay-TV satellite service DirecTV will drop One America News Network (OAN) when the right-wing channel’s current distribution deal expires, likely a critical blow to OAN’s viewership and finances.

About 90% of the right-wing network’s revenue came from a contract with AT&T TV platforms including DirecTV and U-verse, Reuters reported in October 2021, citing accountant sworn testimony from OAN in 2020. DirecTV is the network’s largest distributor, the Wall Street Journal reported.

“We have advised Herring Networks that, following a routine internal review, we do not expect to enter into a new contract upon the expiration of our current agreement,” DirecTV said in a statement to USA TODAY.

A DirecTV spokesperson would not say when parent company OAN Herring Networks’ contract with DirecTV expires. But Bloomberg, which first reported on DirecTV’s plan to drop OAN, said the deal ended in early April.

OAN and Henning Networks did not immediately respond to a USA TODAY request for comment.

OAN will also be removed from DirecTV Stream, the live television subscription service launching as AT&T TV in 2020.

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The network began appearing on DirecTV in April 2017. Many distribution deals are for 5 years.

OAN has been criticized for continuing to question President Biden’s victory in the 2020 election, The New York Times reported, and also argued that the rioters in the January 6 attack on the US Capitol were activists from the left-wing Antifa movement.

In its November 23, 2021, network article, The Times noted that OAN correspondent Pearson Sharp said in a March 28 report, “There are still serious doubts about who the president really is.”

The former president said in an interview with OAN on Friday, “I got 75 million votes… I got more votes than any sitting president in the history of our nation. I don’t think he got 80 million votes, okay?

DirecTV also had its issues. In February 2021, AT&T divested the service, which it acquired for $48.5 billion in 2015. DirecTV’s subscriber count fell from 20.5 million in mid-2015 to 15.4 million for all AT&T pay-TV services six years later, according to Leichtman Research.

AT&T currently owns 70% of the separate company that is now DirecTV; the private equity firm TPG holds 30%.

And merger talks between DirecTV and Dish Network, the other major satellite pay-TV service, have resurfaced, the New York Post reported. The two have discussed the merger in the past, but federal regulatory concerns have prevented the talks from gaining momentum.

But this time could be different, with consumer acceptance and an emphasis on streaming TV. A potential merger has a better chance now than in the past, according to LightShed Partners, a television, media and technology industry research firm. “We believe that the current regulatory risks are not high given the state of the pay-TV market,” they said in their list of industry forecasts for 2022.

Follow Mike Snider on Twitter: @mikesnider.

This article originally appeared on USA TODAY: DirecTV to remove pro-Trump One America news network from pay-TV service

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January 13 – Over $36 Million in Civil and Criminal Lawsuits Recovered by US Attorneys in Savannah | Law https://atosvictimsgroup.co.uk/january-13-over-36-million-in-civil-and-criminal-lawsuits-recovered-by-us-attorneys-in-savannah-law/ Thu, 13 Jan 2022 20:01:00 +0000 https://atosvictimsgroup.co.uk/january-13-over-36-million-in-civil-and-criminal-lawsuits-recovered-by-us-attorneys-in-savannah-law/ Additionally, the U.S. Attorney’s Office for the Southern District of Georgia worked with other U.S. Attorney’s Offices and components of the Department of Justice to raise an additional $47,853 from criminal actions and $23,000 from criminal actions. civilians, said David H. Estes, U.S. Attorney for the Southern District of Georgia. The Southern District’s 2021 recovery […]]]>

Additionally, the U.S. Attorney’s Office for the Southern District of Georgia worked with other U.S. Attorney’s Offices and components of the Department of Justice to raise an additional $47,853 from criminal actions and $23,000 from criminal actions. civilians, said David H. Estes, U.S. Attorney for the Southern District of Georgia.

The Southern District’s 2021 recovery total was $26 million higher than the 2020 total of $10.7 million, including $20 million in the Argos USA settlement coordinated with the Justice Department’s Antitrust Division.

“Asset recovery is a critical part of our office’s role in enforcing the law and protecting citizens and the public treasury,” said U.S. Attorney Estes. “Identifying and collecting these restitutions, forfeitures and judgments and initiating actions to recover these funds helps to ensure that crime does not pay.”

Examples of major recoveries in fiscal year 2021 through the United States Attorney’s Office Financial Litigation Program include nearly $1 million in restitution in a bank fraud case in Savannah; more than $218,000 in restitution to repay funds misappropriated from a Statesboro medical practice; and more than $177,000 in restitution of funds from a healthcare fraud scheme by an Appling County pharmacist.

Additionally, the U.S. Attorney’s Office, together with partner agencies and divisions, recovered more than $8 million in asset forfeiture actions in fiscal year 2021, classifying the U.S. District Attorney’s Office South Georgia ranked second in the nation among mid-sized districts across the country. Funds recovered included those from money laundering investigations, proceeds from fraud – including COVID-19 programs – and proceeds from drug trafficking, illegal gambling and animal fighting. Forfeited assets deposited in the Department of Justice’s Asset Forfeiture Fund are used to return funds to victims of crime and for various law enforcement purposes.

The U.S. Attorney’s Offices, along with the Litigation Divisions of the Department of Justice, are responsible for the enforcement and collection of civil and criminal debts owed to the United States and criminal debts owed to victims of federal crimes. The law requires defendants to compensate victims of certain federal crimes who have suffered physical injury or financial loss. While restitution is paid to the victim, criminal fines and felony assessments go to the department’s Crime Victims Assistance Fund, which distributes funds collected to federal and state victim compensation programs and assistance to victims.

The Southern District Asset Recovery Unit, led by Section Chief and Assistant U.S. Attorney Xavier A. Cunningham, includes Assistant U.S. Attorney Mary Sue Robichaux, Financial Litigation Analyst Michael Palmer, Analyst Data Manager Leiandra Moran, Case Reviewer Teisha Lovett, Paralegal Wanda Jackson and Paralegal Specialists Rosylen Givens and Margrita Brady.

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To what extent have the US sanctions on RAB been justified? https://atosvictimsgroup.co.uk/to-what-extent-have-the-us-sanctions-on-rab-been-justified/ Mon, 10 Jan 2022 05:20:58 +0000 https://atosvictimsgroup.co.uk/to-what-extent-have-the-us-sanctions-on-rab-been-justified/ Recently, the United States imposed sanctions on the Rapid Action Battalion (RAB), Bangladesh’s elite paramilitary force, and seven of its current and former officials, accusing of human rights violations through disappearances. forced and extrajudicial executions. This human rights sanction means that the RAB will not be allowed to hold assets in the United States or […]]]>

Recently, the United States imposed sanctions on the Rapid Action Battalion (RAB), Bangladesh’s elite paramilitary force, and seven of its current and former officials, accusing of human rights violations through disappearances. forced and extrajudicial executions. This human rights sanction means that the RAB will not be allowed to hold assets in the United States or engage in any financial transaction with any American body.

It’s time to find out whether such sanctions are meant to protect human rights or have geopolitical reach and whether RAB really deserves to be sanctioned or banned.

After the September 11 attacks, the United States declared a “war on terrorism”, an ongoing international military campaign targeting extremist groups and terrorist organizations. The United States is also providing financial and non-financial assistance to various countries and their respective security forces to counter growing extremism around the world. For example, the Bureau of Counterterrorism alone has provided counterterrorism training to over 90,000 staff in law enforcement agencies in 154 partner countries since 1983. This in fact reflects the desire of the United States to counter evolving terrorist threats and prevent the spread of violent extremism.

In Bangladesh, the RAB has been the most effective security force in the fight against extremism, apprehending many prominent terrorists. This elite force arrested many extremists such as Bangla Bhai (the military commander of Jagrata Muslim Janata Bangladesh who was affiliated with Al-Qaeda), Mufti Hannan (the head of a radical Islamist organization called Harkat-ul-Jihad) etc. Colonel Abul Kalam Azad, former head of the RAB Intelligence Wing, was killed in a bomb explosion during a raid on an extremist hideout in Sylhet. This is how the RAB works hand in hand with other Bangladesh security forces to counter extremism and activism, even at the cost of the lives of its officials.

From the above analysis, it is clear that the United States has a clear intention to prevent violent extremism in all its forms in every nook and cranny. And, in Bangladesh, the RAB has worked to implement the government’s “zero tolerance policy” against terrorism that fits perfectly with the US agenda on preventing extremism. Now, a common question might arise by citing that as the RAB and the United States have worked on the same ground, then why did the United States impose sanctions? Is it just the issue of human rights or is it part of the geopolitical game?

The Lancet reported that approximately 32,000 people were killed by American police from 1980 to 2019. It is sad but true that police murders in the United States are mainly inspired by racism because in the United States black people Americans die 3.5 times more than whites. Americans. The report also showed that about 55% of police violence in the United States is either intentionally mislabeled, officially ignored or even not recorded. As the champion of democracy, the United States, at home fails to protect human rights, ordinary people might then wonder how justified the recent American sanction against the RAB is?

RAB, Bangladesh’s elite anti-crime and anti-terrorism force, was formed in 2004 as the Rapid Action Team (RAT). It consists of members of the Bangladesh Police, Bangladesh Army, Bangladesh Air Force, Bangladesh Navy, Bangladesh Border Guards and Bangladesh Ansar. The RAB is not a permanent force but a specialized unit which has mainly gained fame for its role in the fight against terrorism and extremism. What RAB has done, is doing and will do in the future is not the responsibility or merit of specific organizations from which it receives membership, but rather a combined effort of several Bangladesh forces. Citing some insane incidents, the United States should not label the RAB as a human rights violator. In addition, it is also important to keep in mind that an organization should not be held responsible for the actions of any of its leaders. Obviously, if a member of an organization does something wrong, the responsibility falls on the shoulder of the organization concerned. But that does not definitely mean that the organization was created for wrongdoing or that the organization itself supports or defends wrongdoing.

Some RAB officials have been criticized for extrajudicial killings, crossfire and torture, for example seven killings of Narayanganj, which can in no way be justified. The RAB authority should accept any constructive criticism in a positive manner and endeavor to resolve these issues. At the same time, we have to keep in mind that this is a totally internal matter in Bangladesh which should not be hampered by any other state. If the United States really cares about human rights violations by the RAB, then instead of imposing a sanction, the United States should work more closely with the RAB, guiding and equipping them to do so. are walking the path they believe can protect human rights and prevent extremism simultaneously. .

The writer is a consultant to a Bangladeshi NGO.


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Teethanand Rao, colleague of Kapil Sharma, tries to kill himself over financial problems https://atosvictimsgroup.co.uk/teethanand-rao-colleague-of-kapil-sharma-tries-to-kill-himself-over-financial-problems/ Sat, 08 Jan 2022 13:20:07 +0000 https://atosvictimsgroup.co.uk/teethanand-rao-colleague-of-kapil-sharma-tries-to-kill-himself-over-financial-problems/ Comedian Teerthanand Rao, who has appeared on numerous shows including “The Kapil Sharma Show,” “Crime Patrol” and “CID,” has struggled financially due to the ongoing COVID-19 pandemic. He attempted suicide but was saved by his neighbors. The incident happened on December 27, when Rao went live on Facebook and called his assistant to explain why […]]]>

Comedian Teerthanand Rao, who has appeared on numerous shows including “The Kapil Sharma Show,” “Crime Patrol” and “CID,” has struggled financially due to the ongoing COVID-19 pandemic. He attempted suicide but was saved by his neighbors.

The incident happened on December 27, when Rao went live on Facebook and called his assistant to explain why he was taking such drastic action in his life. When News18 contacted the actor, he revealed, “The last two years have been really tough. My financial situation is in shambles and I really have no savings. I have work including a movie called Pav Bhaji who hasn’t come out yet but they haven’t paid me, as well as the few web series I’ve done. There were days when I didn’t eat anything or just survived on a vada pav I realized the only way out of this mess was to end my life.

Speaking about the incident, he said: “I had uploaded a video and informed my assistant that if anything happened to me, my house where I am staying in Virar should go to my daughter. I even went live on Facebook to record the incident. My assistant somehow came and I was asked to open the door. The police were called and they took me to the hospital where I had a really bad time. I stayed there for four days.

Apart from the absence of work, Rao adds that the reason that prompted him to attempt suicide is that his family no longer associates with him. He said: “I have fallen in love with a bar dancer for almost two decades. Although we have never married, we have a daughter who was born in 2003. But when my living partner went to the United States in 2005, she fell in love with someone else and came back married. We last spoke in 2009.

The comedian further revealed that he had not been able to speak to his daughter for two years “I was not allowed to interact with her a lot. In 2019, she called me to tell me that she had married. I couldn’t believe it. I realized that my living partner had ruined my daughter’s life by marrying her so early. I tried several times over the past two years to enter in contact, but she refuses to speak to me.

Even his own mother and brother severed ties with him: “The police called my brother and my mother who are staying in the same compound. My brother told them that he had no relationship and that he had no money to give me. He doesn’t even allow my mom to talk to me. My sister who is also aware of the incident did not call to check on me. No one bothered to accompany me to the hospital and called me after that to check on my condition.

Famous for mimicking Bollywood actor Nana Patekar, the actor says he has virtually no financial support, “I got help from CINTAA but other than that no family member did not manifest. “

Rao says he’s really ashamed of trying to kill himself. “It was a big mistake on my part. I didn’t think twice before taking such a big step. I wouldn’t even let my enemies do such a thing. really weak feeling I haven’t fully recovered yet.


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Elizabeth Holmes, Theranos and the New American Dream https://atosvictimsgroup.co.uk/elizabeth-holmes-theranos-and-the-new-american-dream/ Thu, 06 Jan 2022 16:28:48 +0000 https://atosvictimsgroup.co.uk/elizabeth-holmes-theranos-and-the-new-american-dream/ Every day, the American media will provide an abundance of reports on the sometimes bizarre workings of its justice system. This first week of January proved to be rich in examples, with the high-profile cases of Ghislaine Maxwell and Elizabeth Holmes complemented by a plethora of stories on smaller cases about the antics of local […]]]>

Every day, the American media will provide an abundance of reports on the sometimes bizarre workings of its justice system. This first week of January proved to be rich in examples, with the high-profile cases of Ghislaine Maxwell and Elizabeth Holmes complemented by a plethora of stories on smaller cases about the antics of local judges or the ambiguity of the law in some states.

The ultimate effect of these stories may seem to justify Mr. Bumble’s remark in Charles Dickens’ “Oliver Twist” who quoted the proverbial phrase, “the law is a donkey”. Dickens painted Bumble as a dreadful hypocrite and the hapless husband of a tyrannical wife. When told that “the law assumes that your wife acts under your direction,” Bumble correctly identifies the gap between the principles expressed in the law and reality. Reacting to the law’s supposed “guesses”, Bumble wishes “his eye could be opened by experience – by experience.”


Judicial creativity is in the news

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In this comedic passage, Dickens identified one of the central problems with any legal system, the friction created when assumptions about human behavior meet the facts of actual human experience. In the minds of most people, the notion of equality before the law requires that the letter of the law be applied uniformly to all, regardless of the circumstances. But righteousness requires two things which are not contained in the law. Law enforcement should take into account varying circumstances. But it should also mobilize the human ability to treat language – the wording of the law – as the unreliable artefact that all language tends to be. The latter seems to represent a formidable challenge.

A New York Times article titled “Language Mistake in Georgia Death Penalty Law Creates Intimidating Barrier” discusses how the reckless wording of Georgian law reversed the intended logic. At one point, he quotes a 2013 pearl of wisdom spoken by future Supreme Court Justice Brett Kavanaugh. “It is essential,” said Kavanaugh, “that we follow both the words and the music of Supreme Court opinions.”

Today’s Daily Devil’s Dictionary Definition:

Music:

1. A sublime art form practiced in all human cultures that derives from the ability to modulate the pitch, rhythm and sympathetic resonance of sounds produced both by the human voice and the skillful manipulation of a wide variety of colors. ‘physical objects

2. A useful metaphor of using the art form’s absence of propositional content to sound irresponsible statements as if they reflect deep and serious reasoning.

Contextual note

Perhaps Kavanaugh imagines the American criminal justice system as something akin to the pre-Copernican universe in which the sun was believed to revolve around the Earth and where on top of the heavens one could hear the celestial music of the spheres. This is a far cry from Mr. Bumble’s more precise description of how the law works, who wanted the law to descend from its principled heights and open its eyes to face human experience.

The verdict in the trial of Theranos founder Elizabeth Holmes confirmed the dramatic fall of a former sweetheart of the techno-financial-political establishment and young billionaire. It also illustrates that while Kavanaugh’s imaginary legal music did not play a large role in determining the verdict, some form of cultural mythology featured prominently.

Under the headline ‘EXCLUSIVE: Juror Speaks Out After Convicting Elizabeth Holmes,’ ABC News explains how jury deliberations resulted in a verdict that ended up blaming Holmes for cheating on the millionaires and billionaires who invested in her business but found her innocent of having defrauded a gullible public into purchasing a fraudulent product.

One of the jurors, Wayne Kaatz, described by ABC News as “an Emmy Award-winning television writer,” observed a phenomenon that every fiction writer and media professional should notice. “It’s hard,” Kaatz explained, “to condemn someone, especially someone so likeable, with such a positive dream.” He insisted that the jury “respected Elizabeth’s belief in her technology, in her dream.” He added that in their minds, Holmes “still believes it, and we still believe she does.” In American culture, believing in a “positive dream” is in itself an act of moral virtue. Believing in those you believe in is almost as good.

Historical Note

The idea of ​​the American dream was first promoted by businessman and historian James Truslow Adams. In his 1931 bestseller “Epic of America” ​​he described it as the “dream of a land in which life should be better, richer and more complete for everyone, with opportunities for everyone according to their abilities. or its achievements ”. Later commentators, according to music historian Nicholas Tawa, “would argue that the American dream was primarily the pursuit of financial betterment and the accumulation of greater and better material goods.” Truslow launched the phrase describing his “positive dream” around the time Edward Bernays, the godfather of public relations, was solidifying the ideology that would support the growth of the consumer society over the following decades.

Martin Luther King skillfully exploited the idea of ​​the American dream in his famous “I have a dream” speech. Instead of putting it in a consumerist framework, Reverend King framed the dream of the black American in terms of future justice. The righteous dream has consistently challenged the consumerist version of Truslow aggressively promoted by Bernays and the powerful Madison Avenue agencies.

In other words, even within the American justice system, it is not King’s dream of justice but Truslow’s consumerist model that dominates, subconsciously shaping the average American’s perception of the world. The vaunted personal belief in his dream (and his plan) to make money usually carries overwhelmingly positive results for the world.

In the case of Elizabeth Holmes, what the jury called a “positive dream” was the promise of an instant deciphering of the state of health of every citizen thanks to a drop of blood produced with a pinprick. For the incomparable success of Elon Musk, it is the return of the planet to ecological health thanks to expensive electric cars. Or, alternatively, the colonization of Mars as the emerging truth about the failure of electric cars to save Earth offers humanity no choice but to escape to another planet.

These generously optimistic beliefs held by brave entrepreneurs (funded by equally brave billionaires) can be seen as justifying lying and other forms of hype. After all, if you have a great idea and don’t agree to play hard by aggressively promoting the dream you intend to turn into reality, you will fail and return to the dust where you came from: the Anonymous Losers Cohort. The jury admired Holmes for trying, even though the effort required serious lies from a gullible audience.

In contrast, the jury had no trouble finding Holmes guilty of the much more serious crime of pulling the wool over the eyes of the American nobility, the wealthy elite who agreed to back his dream with their money. In a guest article for the New York Times, Vanity Fair’s Bethany McLean admits she hopes justice will be served with the opposite verdict. She wanted Holmes “to be convicted of lying to patients, but found not guilty on charges of defrauding investors.” McLean thinks they “should have done the homework that the others who refused to give Theranos money did.”

The leading investors and political celebrities who supported Holmes’ dream had the means to do their due diligence but, charmed by the music of the dream, didn’t care. Worse yet, the confidence projected by such prestigious investors – including former Education Secretary Betsy DeVos, Henry Kissinger, Oracle’s Larry Ellison, James Mattis (Donald Trump’s future Defense Secretary), Rupert Murdoch and the Walton family – gave added credibility to the lies of the Theranos patients. have been submitted.

Holmes is now awaiting his conviction. She will likely serve a significant sentence in prison, although this can be eased and her time in prison reduced thanks to the kind of sympathy that prevails for those who believe in their dream (especially young white women). This sympathy may have been a factor in the lenient sentence handed down to sex trafficker Jeffrey Epstein in 2008, although no jury was involved. This is perhaps just one feature of the music of the law that Judge Kavanaugh considers real, always ready to produce its alluring accents, at least in the moments when it isn’t bawling like a donkey.

*[In the age of Oscar Wilde and Mark Twain, another American wit, the journalist Ambrose Bierce, produced a series of satirical definitions of commonly used terms, throwing light on their hidden meanings in real discourse. Bierce eventually collected and published them as a book, The Devil’s Dictionary, in 1911. We have shamelessly appropriated his title in the interest of continuing his wholesome pedagogical effort to enlighten generations of readers of the news. Read more of The Daily Devil’s Dictionary on Fair Observer.]

The opinions expressed in this article are those of the author and do not necessarily reflect the editorial policy of Fair Observer.


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Shreveport executive sentenced to 15 years in federal prison and defrauded more than $ 58 million https://atosvictimsgroup.co.uk/shreveport-executive-sentenced-to-15-years-in-federal-prison-and-defrauded-more-than-58-million/ Tue, 04 Jan 2022 19:10:21 +0000 https://atosvictimsgroup.co.uk/shreveport-executive-sentenced-to-15-years-in-federal-prison-and-defrauded-more-than-58-million/ SHREVEPORT, Louisiana (KTVE / KARD) – On Tuesday, David D. DeBerardinis, 60, of Shreveport, Louisiana was sentenced to 15 years in federal prison, followed by three years on probation for committing wire fraud and defrauding many people over 58 million. A hearing will be held on Monday, March 28 at 9 a.m. to determine the […]]]>

SHREVEPORT, Louisiana (KTVE / KARD) – On Tuesday, David D. DeBerardinis, 60, of Shreveport, Louisiana was sentenced to 15 years in federal prison, followed by three years on probation for committing wire fraud and defrauding many people over 58 million.

A hearing will be held on Monday, March 28 at 9 a.m. to determine the exact amount of restitution DeBerardinis will have to pay.

Shreveport executive sentenced to 15 years in federal prison and defrauded more than $ 58 million

On August 25, DeBerardinis pleaded guilty to Wire Fraud. DeBerardinis, a Shreveport-based executive, admitted that he operated and managed numerous business entities and represented himself and his business entities to be part of the petroleum industry involved in a complex fuel trading business. .

According to forensic evidence, he solicited and caused to be solicited others, individual investors and financial institutions to provide funds for his businesses in return for interest payments and a guaranteed return of capital.

DeBerardinis told investors and financial institutions that he had a business deal with Alon USA Energy, Inc. that generated profits that would be used to reimburse investors and financial institutions when in truth he knew he didn’t. didn’t have such a deal with Alon.

From April 2014 to June 2015, PlainsCapital Bank provided $ 29.5 million to DeBerardinis to expand its fuel trading business.

Funding for PlainsCapital was made through several interstate transfers to one of DeBerardinins bank accounts in Shreveport. One of the wire transfers took place on November 25, 2014, for a total amount of $ 17.1 million.

“As was evident in today’s sentencing hearing, this accused spent many years deceiving not only business associates, but also trusted friends, with millions of dollars and destroy a great deal of their life in doing so, ”said US Attorney Brandon B. Brun.

“His cavalier attitude about the deception he used and the destruction he caused is appalling. Seeking justice for victims like these is what continues to push us to work harder to eliminate those who commit such unacceptable acts. “

DeBerardinis was ordered to report to the US Bureau of Prisons on Wednesday, February 16.


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$ 41.5 million in confiscations, refunds collected | News, Sports, Jobs https://atosvictimsgroup.co.uk/41-5-million-in-confiscations-refunds-collected-news-sports-jobs/ Sat, 01 Jan 2022 06:11:57 +0000 https://atosvictimsgroup.co.uk/41-5-million-in-confiscations-refunds-collected-news-sports-jobs/ The North Ohio District Attorney’s Office collected more than $ 14.3 million in criminal and civil orders in fiscal year 2021. “Despite the challenges posed by the pandemic, the northern district financial litigation program was able to pursue and recover considerable funds from numerous civil and criminal judgments,” said the first deputy attorney of the […]]]>

The North Ohio District Attorney’s Office collected more than $ 14.3 million in criminal and civil orders in fiscal year 2021.

“Despite the challenges posed by the pandemic, the northern district financial litigation program was able to pursue and recover considerable funds from numerous civil and criminal judgments,” said the first deputy attorney of the United States, Michelle M. Baeppler. “When this office represents the United States of America and obtains a collection judgment, we will seek to recover every dollar possible.”

In addition, the U.S. Attorney’s Office for the Northern District of Ohio, Cleveland, in conjunction with other U.S. Attorney’s offices and Department of Justice agencies across the country, raised $ 27.2 million. additional criminal and civil cases pursued jointly.

This represents a combined total of $ 41.54 million raised in 2021.

Notable collections and confiscations include:

• Chad M. Stellato, 47, of Langhorne, Pa., Pleaded guilty in December 2020 to defrauding Lowe’s Home Improvement stores at Alliance, Boardman and other locations through a fraudulent buy and return program. Stellato was ordered to pay compensation in the amount of $ 594,799. The final payment was received within six months of the conviction;

• John D. Chime II, 47 years old; Jerry L. Stackhouse, 65; and Rogelio Alonso Jr., 33, all living in communities in north-central Ohio, were convicted of orchestrating a real estate investment program in 2012 and ordered to pay $ 677,493 in restitution . The final restitution was collected in December 2021;

• In the settlement of the lawsuit of Ethical Solutions LLC, et al. Against Akron General Health System, et al., Akron General Health System agreed in July to pay more than $ 21 million to resolve allegations under the False Claims Act that it had an inappropriate relationship with certain referring physicians. which resulted in the submission of false claims to the Medicare program;

• In the lawsuit settlement of USA v. Shaffer Pharmacy, et al, The Toledo Pharmacy agreed to pay $ 375,000 to resolve a civil action filed under the Controlled Substances Act alleging that the pharmacy and two people filled prescriptions that did not have a purpose legitimate medical.

While restitution is paid to the victim, criminal fines and felony assessments are paid to the Department of Justice’s Crime Victims Fund, which distributes the funds raised to federal and state victim compensation programs and d ‘assistance to victims and for various law enforcement purposes.

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Hazy Regulations Challenge Crypto, Says Gemini Chief Compliance Officer https://atosvictimsgroup.co.uk/hazy-regulations-challenge-crypto-says-gemini-chief-compliance-officer/ Thu, 30 Dec 2021 10:30:00 +0000 https://atosvictimsgroup.co.uk/hazy-regulations-challenge-crypto-says-gemini-chief-compliance-officer/ Opaque regulations remain a major challenge for the cryptocurrency industry, according to Elena Hughes, compliance manager for cryptocurrency exchange Gemini Trust Co. She joined New York-based Gemini in May 2020 after more than a decade of compliance work for traditional financial institutions such as Morgan Stanley and Goldman Sachs Group Inc. Gemini was started in […]]]>

Opaque regulations remain a major challenge for the cryptocurrency industry, according to Elena Hughes, compliance manager for cryptocurrency exchange Gemini Trust Co.

She joined New York-based Gemini in May 2020 after more than a decade of compliance work for traditional financial institutions such as Morgan Stanley and Goldman Sachs Group Inc. Gemini was started in 2015 by twin brothers, Cameron. Winklevoss and Tyler Winklevoss.

Ms Hughes said she found navigating Gemini’s evolving regulatory landscape to be similar to the process of financial companies implementing the Bank Secrecy Act, an anti-money laundering rule, and its amendments to the early 2000s.

Many call decentralized finance, or DeFi, the “Far West of finance”. This rapidly growing industry aims to provide automated banking services for cryptocurrencies to everyone, without intermediaries. But DeFi is still in its infancy, which means there are risks. WSJ explains. Photo illustration: Tammy Lian / WSJ

Ms. Hughes manages approximately 40 people within Gemini’s compliance team, working on issues such as transaction monitoring and investigation and client onboarding, and reports to the Corporate General Counsel. A major industry-wide issue she’s working on is the so-called travel rule.

The US Treasury Department proposed rules last year that would apply an existing banking regulation known as the travel rule to cryptocurrency transactions. The Treasury Department said banks and cryptocurrency trading platforms should collect, maintain and transmit records of a client’s cryptocurrency transactions and counterparties, including verifying their identity, for any transaction exceeding $ 3,000. The Treasury has released its proposed rules and solicited public comment, but has yet to complete the rules.

The Wall Street Journal spoke with Ms. Hughes about her experiences transitioning from a more mainstream career in the financial industry to working for a financial technology firm, hiring compliance professionals, and her perspective. on the challenges Gemini will face in the coming year. Edited excerpts follow.

WSJ: Why did you decide to switch from a job for traditional financial institutions to a crypto startup and how did you experience this transition?

Mrs. Hughes: I have spent most of my professional career in the private sector fighting money laundering… When I joined the industry in 2007, we were still feeling and iterating on what [the USA Patriot Act] actually looks like some of those companies, brokers, and the like that may not have gone through such a comprehensive AML framework at the time.

It was interesting growing up in this industry and seeing the industry go through a variety of scandals, from Ponzi schemes to the 2008 financial crisis, what the fallout was and some of the iterative financial crime activities that businesses continue to do. ‘identify. What really appealed to me about Gemini in particular – and perhaps the crypto space more broadly – is this ability to continue to iterate and manage this risk while operating in what I like to call “the. Gray”.

I think what was really great about the transition to Gemini was the fact that Gemini itself is well regulated. I was familiar with the compliance framework that was in place even before I joined, in terms of the thought process around structuring a financial crime program, which basically begins by identifying risks, understanding what products we deal with, what customers we seek to target, how we distribute our products. It’s the same fundamentals.

The difference is, of course, in the asset class itself, and some of the nuances about how we monitor and monitor activity in this asset class that go beyond your traditional typologies of money laundering. money we’re all used to from an asset. prospect of transfer.

WSJ: What does hiring Gemini compliance professionals look like in this tight job market and rapidly growing industry?

Mrs. Hughes: I think the market is indeed very competitive right now… We are looking to add and iterate because what we deal with on a daily basis is risk assessment and identification of emerging risks. The business is growing and we have to adapt to these risks… if we move into a new jurisdiction, for example.

The number of challenges that we face are so interesting to solve that compliance is really exciting… But for me, it is for these really innovative problems that we are dealing with. And because from the perspective of the United States alone, there isn’t a single regulator overseeing everything today, and so we have [multiple] regulators to which we are rightly indebted. We adhere to the regulations of [the New York State Department of Financial Services], to the multitude of state regulators and others. All of this requires a really creative and iterative staff to make sure that we are pulling all the right levers and complying with all the right requirements.

WSJ: What challenges do you think of for the coming year?

Mrs. Hughes: One of them is the constant and certain lack of regulatory clarity in some aspect of the industry or business in which we engage. The other is the travel compliance initiative that we have as an industry that applies to us. The asset class or blockchain technology is such that even if you want to comply, unless you want to broadcast your customer information on the blockchain, there really is no way or [the method] did not exist to enable companies to comply meaningfully.

So this decentralized industry came together and formed this solution effectively, [which] is to use this centralized mechanism to identify who is on each side of the transfer.

This US travel rules working group, which has now been renamed “Trust”, [an acronym for the Travel Rule Universal Solution Technology] is actually a conglomerate or amalgamation of those players in the space, ourselves and Coinbase and others, who have come together to create this compliance-driven regulatory solution to be in compliance with the rule. I think this is an extremely powerful theme because it negates some of the fundamental criticisms that crypto companies don’t want to comply or that they aren’t regulated or that they are free.

We are truly here collectively because we are passionate about this industry. We are passionate about this asset class. And our point of view is that for that to work, you need to continue to build trust in this ecosystem. And to get there, you have to make sure people are running over the edge. And that’s how we think about it.

More from Risk & Compliance Journal

Write to Mengqi Sun at mengqi.sun@wsj.com

Copyright © 2021 Dow Jones & Company, Inc. All rights reserved. 87990cbe856818d5eddac44c7b1cdeb8


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Local extremism and right-wing violence in the United States https://atosvictimsgroup.co.uk/local-extremism-and-right-wing-violence-in-the-united-states/ Fri, 24 Dec 2021 15:20:22 +0000 https://atosvictimsgroup.co.uk/local-extremism-and-right-wing-violence-in-the-united-states/ Ozaïr Islam | Posted: Dec. 24, 2021, 9:20 p.m. The incidences of domestic extremism in the United States have reached unprecedented heights, fueled by white supremacists, anti-Muslims, anti-Asians, anti-Hispanics and anti-government fanatics. Domestic terrorism is defined by “the Prevention of Violent Radicalization and Domestic Terrorism Act 2007” as “the use, planned use or threat of […]]]>