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37°
Friday, nov 29
Tag:
Cryptocurrency
Politics
Trump Names Ex
-sec
Chief To Replace Damian Williams As
Sdny
's Top Prosecutor
President-elect Donald Trump is looking to replace Damian Williams, US Attorney for the Southern District of New York, with a familiar face from his previous administration who hails from Pennsylvania. Trump announced on Thursday, Nov. 14 that he would nominate Jay Clayton, who has no experience as a criminal prosecutor, to be the next US Attorney for the Southern District of New York. Clayton, age 58, previously served as Chairman of the US Securities and Exchange Commission from May 2017 to December 2020, a role in which Trump wrote he "did an incredible job." Before that, he…
Politics
Elon Musk, Vivek Ramaswamy Tapped To Head Trump's New Dept. Of Government Efficiency
President-Elect Donald Trump continues to fill his cabinet with loyalists and his biggest supporters following his sweeping victory in last week's election. He announced Tuesday, Nov. 12, that two billionaire former rivals turned allies, Elon Musk and Vivek Ramaswamy, would head up his new Department of Government Efficiency. Related: Trump Nominates NY Rep. Elise Stefanik As UN Ambassador The tech entrepreneur, age 53, and the 39-year-old Harvard and Yale Law grad will be tasked with major cuts in government spending. Trump called it "The Manhattan Project" for a new…
Police & Fire
Sex Extortion Scam Circulating Through Emails In Region, Sheriff Says
Police in the region are warning of an automated sex extortion scam that is targeting residents through emails. Undersheriff Eric Chaboy of the Sullivan County Sheriff’s Office said that scammers are acquiring emails and personal information on the so-called “Dark Web” and feeding it into what appears to be an artificial intelligence (AI) program that automatically contacts potential victims. Earlier report - Warning Issued For Nationwide Automated 'Sextortion' Scam: Here's What To Know According to Chaboty, the program claims in an email that the victim has been looking at pornogra…
News
Covid-
19: John Gotti's NY Grandson Admits To $1M Relief Fraud
A New York man with ties to the Mafia formally confessed to a million-dollar COVID-19 relief fraud scheme. Long Island resident Carmine Agnello, age 38, of Smithtown, pleaded guilty to wire fraud in Central Islip federal court on Thursday, Sept. 26. Agnello is the grandson of the late John Gotti, former boss of the Gambino organized crime family. According to prosecutors, between April 2020 and November 2021, he fraudulently applied for, and received, at least three small business loans under the US Small Business Administration’s Economic Injury Disaster Loan Program (EIDLP). The program…
Politics
Ex-Congressional Candidate In NY Illegally Funded Campaign, Feds Say
A former congressional candidate in New York is accused of illegally funding her campaign. Michelle Bond is charged with conspiring to cause unlawful campaign contributions in connection with her failed congressional bid in 2022, according to an indictment unsealed in the US District Court for the Southern District of New York on Thursday, Aug. 22. Bond ran as a Republican for the 1st District seat, representing eastern Long Island in Suffolk County. She ultimately lost the nomination to current Rep. Nick LaLota. According to federal prosecutors, shortly after launching her congressional …
Business
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent. The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…
News
Beware Of 'Pig Butchering' Online Romance Schemes In NY: Attorney General
New York Attorney General Letitia James urged New Yorkers to be on high alert for increasingly common online romance scams that lead to the victims making fraudulent investments. Also referred to as “pig butchering” schemes, the perpetrators of such crimes will work to gain trust with their victims, “fattening” them up so they willingly provide the scammer money, James said in a Thursday, June 6 press release. Victims are usually targeted via dating websites and apps, social media, and unsolicited text messages. Earlier report - NY Resident Loses $341K In 'Pig Butchering' Scheme: …
News
NY Resident Loses $341K In 'Pig Butchering' Scheme: Here's What It Is
The US Secret Service has seized a web domain used in a cryptocurrency confidence crime scheme known as “pig butchering” after a New York resident was swindled out of hundreds of thousands of dollars. According to federal authorities, scammers in pig butchering schemes encounter victims in various ways, including on dating applications, social media websites, and even random text messages masquerading as the wrong number. Scammers initiate relationships with victims and slowly gain their trust, eventually introducing the idea of making a business investment using cryptocurrency. Vict…
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