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$44M COVID Tax Scheme: 7 NYers Nabbed In Largest US Case Ever $44M COVID Tax Scheme: 7 NYers Nabbed In Largest US Case Ever
$44M COVID Tax Scheme: 7 NYers Nabbed In Largest US Case Ever Seven New Yorkers have been charged in a sweeping tax fraud scheme, accused of exploiting pandemic relief programs to steal over $44 million, federal prosecutors announced. The indictment by the US Attorney's Office for the Eastern District of New York, unsealed Wednesday, Jan. 22, alleges that the defendants filed over 8,000 fraudulent tax returns, seeking more than $600 million in COVID-19 relief funds through the Employee Retention Credit (ERC) and related programs. Investigators determined the group successfully secured $44 million from the federal government. Defendants Long Island …

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by Joe Lombardi
Business
Tesla Recalls 239,000+ Cars For Rearview Camera Glitch In Automaker's Latest Safety Issue Tesla Recalls 239,000+ Cars For Rearview Camera Glitch In Automaker's Latest Safety Issue
Tesla Recalls 239,000+ Cars For Rearview Camera Glitch In Automaker's Latest Safety Issue Tesla is recalling nearly 240,000 vehicles after a defect was discovered that could cause rearview cameras to fail, increasing the risk of crashes, officials said. Tesla issued a recall for 239,382 cars across its 2023-25 Model X and Model Y vehicles, along with its 2024-25 Model S and Model 3 lineup, according to the National Highway Traffic Safety Administration (NHTSA). A defect in the cars' computer circuit boards can result in losing rearview camera functionality. The issue violates the Federal Motor Vehicle Safety Standard (FMVSS) for rear visibility and could compromise dri…

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by Chris Spiker
Business
2.5+ Million Teslas Investigated For Crashes Linked To Remote Driving Feature, NHTSA Says 2.5+ Million Teslas Investigated For Crashes Linked To Remote Driving Feature, NHTSA Says
2.5+ Million Teslas Investigated For Crashes Linked To Remote Driving Feature, Nhtsa Says A federal investigation has been launched into more than 2.5 million Tesla vehicles after reports of crashes involving a system that allows vehicles to be remotely controlled through a smartphone app, officials said. The National Highway Traffic Safety Administration (NHTSA) opened the probe into Tesla's "Actually Smart Summon" system on Monday, Jan. 6. A preliminary investigation report said the auto safety agency was looking into at least four crashes involving Teslas using the self-driving feature. The investigation includes an estimated 2,585,000 Teslas with full self-dri…

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by Chris Spiker
Politics
Trump Names Ex-SEC Chief To Replace Damian Williams As SDNY's Top Prosecutor Trump Names Ex-SEC Chief To Replace Damian Williams As SDNY's Top Prosecutor
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…

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by Ben Crnic
Lifestyle
2 With NY Ties Among Top 10 Richest People In US, Forbes Says 2 With NY Ties Among Top 10 Richest People In US, Forbes Says
2 With NY Ties Among Top 10 Richest People In US, Forbes Says Two billionaires with strong ties to New York are among the Top 10 richest people in America, according to brand-new rankings released by Forbes. Checking in at No. 3 is the founder of Meta Platforms/Facebook Mark Zuckerberg, age 40, a White Plains native who was raised in the neighboring village of Dobbs Ferry. He has a net worth of $181 billion, says Forbes. Former New York City Mayor Michael Bloomberg, age 82, the owner of Bloomberg LP, is ranked 10th. Bloomberg's net worth is $105 billion. Bloomberg maintains a resident in Northern Westchester, in the town of North Salem. Checking in a…

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by Joe Lombardi