President Donald J. Trump, joined by Japan Prime Minister Shinzo Abe and Hall of Fame professional golfer Isao Aoki. (Photo Credit: White House, Public Domain) Starting in the 80's and extending to his stint as host of a successful reality show in the Aughts, Donald Trump successfully branded himself as the personification of wealth. “Trump” … [Read more...]
‘Panama Papers’ Law Firm Doesn’t Want Anyone To See Upcoming Netflix Film
Mossack Fonseca is the Panamanian law firm at the center of the “Panama Papers” scandal. According to Reuters, the firm has filed a lawsuit in U.S. federal court against Netflix, accusing the video streaming heavyweight of defamation. Netflix is about to release a new movie based on the case. Mossack Fonseca is seeking to stop it. The … [Read more...]
House Greenlights Cannabis Bank Legislation
The House on Wednesday greenlighted passage of the SAFE Banking ACT, allowing banks to cash in on the big dollar cannabis industry without facing criminal prosecution for money laundering. Leading national banking groups, including the American Bankers Association, the Credit Union National Association and the Independent Community Bankers of … [Read more...]
Kamala Harris Takes Off the Gloves with JPMorgan/Chase CEO, Jamie Dimon
U.S. Senator Kamala Harris speaking with attendees at the 2019 National Forum on Wages and Working People (Photo Credit: Gage Skidmore, CC 2.0) This is not the first time California Senator and Presidential contender, Kamala Harris, has taken off the gloves with JPMorgan Chase CEO, Jamie Dimon. In her January, 2019 book, “The Truths We Hold: … [Read more...]
Fake Heiress Anna Sorokin Sentenced To Max 12 Years In Prison
A German woman who pretended to be a wealthy heiress in New York was sentenced to four to 12 years in prison on Thursday. 28-year-old Anna Sorokin was born in Russia before moving to Germany as a teenager and New York City as a young adult. In the US, she went by the name of Anna Delvey. Prosecutors in the Manhattan district attorney’s … [Read more...]
Wells Fargo Denies Wrongdoing, Reaches Settlement Over Bogus Accounts
Wells Fargo executives and directors have reached a $240 million settlement with U.S. shareholders over the creation by bank employees of millions of unauthorized customer accounts, according to Reuters. It resolves claims that the officials breached their fiduciary duties by knowing about or consciously disregarding the bogus accounts, and … [Read more...]
Paul Manafort’s February Sentencing Cancelled
A federal judge on Monday canceled Paul Manafort’s Feb. 8 sentencing date. U.S. District Court Judge T.S. Ellis III said he was postponing Manafort’s sentencing on charges of bank and tax fraud, Politico reports. He said the sentencing will be postponed until Manafort resolves a dispute with Robert Mueller’s prosecutors over charges he lied in … [Read more...]
Senate Intel Panel Subpoenas Michael Cohen, Trump’s Former Lawyer
The Senate intelligence committee has subpoenaed President Donald Trump’s former lawyer Michael Cohen to testify before the panel in mid-February, according to Reuters. The subpoena comes a day after Cohen said he planned to postpone an appearance next week before Congress, saying Trump and lawyer Giuliani had threatened his family. News of … [Read more...]
Manafort Convictions: No Reasonable Doubt on 8 Charges
Unless you’ve been away on a vacation somewhere with no access to the outside world, you’re probably aware that President Donald Trump’s former campaign manager, Paul Manafort, was just recently found guilty on eight of the 18 fraud charges. Manafort was found guilty of five counts of tax fraud, two counts of bank fraud, and one count of hiding … [Read more...]
Mick Mulvaney Purges CFPB Advisory Boards
Ever since Mick Mulvaney was appointed Acting Director of the Consumer Financial Protection Bureau (CFPB), he has implemented a slew of measures meant to strip the agency of its purpose and structure, leaving an empty stalk where once there was a substantial agency capable of enforcing meaningful regulations. After launching a top-to-bottom … [Read more...]
