Good morning from the Eastern District of New York, where the defense is expected to make a brief case, and then the parties will make their closing arguments, in the corruption trial of former Goldman Sachs banker Asante Berko.
Samuel Rubenfeld (he/him)
@srubenfeld.bsky.social
senior reporter, financial crime and corruption, MLex. Talk for hours, I hardly know ya But I, I'm listening https://www.mlex.com/mlex/financial-crime
I just hope that whatever happens in Michigan provides rich themes for the next Protomartyr album
If you read only one story today, please make it this one. Paywall is lifted. So is the registration wall. By Olivia Carville for @bloomberg.com @businessweek.bsky.social
TikTok Withheld a Safety Feature From Millions. One Died by Suicide
A confidential document says an algorithm adjustment was kept from many users “by design,” as part of an experiment to measure engagement.
bloomberg.com
US customs officials have repaid about 60% of the levies that were struck down by the Supreme Court, surprising trade lawyers and analysts. ft.trib.al/kwvHqf5
Over lunch at a London restaurant in Nov. 2016, a former Goldman Sachs banker told a confidential source working for the FBI about an alleged scheme to bribe Ghanian officials on behalf of a client seeking to open a power plant. Clips of a video recording of the meeting were shown to jurors Tuesday.
BREAKING: A Senate panel advances Todd Blanche’s nomination for attorney general after a deal with GOP holdouts over President Trump's IRS settlement.
Todd Blanche's nomination for attorney general clears critical hurdle after deal with GOP holdouts
Acting Attorney General Todd Blanche has a cleared critical hurdle in his bid to be confirmed to the post after swaying Republican holdouts on a Senate committee to advance his nomination for a floor vote.
bit.ly
It’s whiplash inducing for the Senate to all vote for the Epstein transparency bill, for Blanche to flagrantly violate its terms, and then vote to confirm him
Good morning from the Eastern District of New York, where the government is expected to rest its case later today in the corruption trial of former Goldman Sachs banker Asante Berko.
A new Meduza investigation shows that Wildberries inventory includes plenty of dual-use goods — helmets, medical kits, drone parts — and Russian civic groups use the marketplace for crowdfunded care packages for soldiers at the front. WB even ran an "Everything for the SVO" section until July.
Украина утверждает, что Wildberries помогает снабжать армию РФ. Это действительно так? «Медуза» изучила, какие товары заказывают для фронта на маркетплейсах (спойлер: даже пластиковые мешки для тел погибших) — Meduza
C 18 июля Украина непрерывно бьет по Wildberries. Киев утверждает, что эти склады и логистические центры используются в поставках «подсанкционных комплектующих для производства дронов и навигационного оборудования». О системном участии Wildberries в инфраструктуре Минобороны РФ информации нет — однако известно, что волонтеры, помогающие армии, покупают товары на маркетплейсе. «Медуза» исследовала доступные данные о таких закупках, проанализировав «срочносборы» в зет-каналах. Хотя их общий объем не выглядит впечатляющим, на протяжении четырех лет таких закупок становилось все больше; при этом на Wildberries открыто продают товары, предназначенные для фронта. Кроме того, как выяснила «Медуза», сравнимый объем закупок для военных идет через «Озон». Эту компанию Украина пока не атаковала. (Можно ли считать маркетплейсы законными военными целями, вопрос по-прежнему спорный.)
meduza.io
Capital One urged a federal court to toss an amended complaint alleging it closed numerous accounts held by President Trump's trust due to political reasons, saying documents attached to the complaint make it clear that they were shut down for anti-money laundering concerns. www.law360.com/artic...
NEW: Todd Blanche doesn't believe in the rule of law, and John Cornyn and Thom Tillis don't care. Blanche's Sunday night moves should not save his nomination. The reaction from the pair of soon-departing Republican senators is not oversight and not principled. Tonight, at Law Dork:
Todd Blanche doesn't believe in the rule of law, and John Cornyn and Thom Tillis don't care
Blanche's Sunday night moves should not save his nomination. The reaction from the pair of soon-departing Republican senators is not oversight and not principled.
lawdork.com
A UBS unit was ordered by U.S. regulators to pay $125 million for failing to comply with a 2018 order to improve its anti-money laundering program. www.mlex.com/mlex/article...
A former Goldman Sachs banker received millions of dollars directly from his Turkish client, and hundreds of thousands of dollars more from consultants, as he engaged in a foreign bribery scheme, according to summaries of bank records shown to a federal jury on Monday. www.mlex.com/mlex/financi...
Good morning from the Eastern District of New York, where the corruption trial of former Goldman Sachs banker Asante Berko continues.
BREAKING: Todd Blanche just issued a formal order that appears to terminate Trump's $1.8 billion slush fund and limit the scope of the IRS audit immunity deal applying to Trump and his family.
A former Goldman Sachs banker paid members of the Ghanaian parliament to ratify a power plant deal with the government there on behalf of its client, a Turkish energy firm, an FBI agent testified Friday in a corruption trial. www.mlex.com/mlex/article...
BREAKING: FIFA President Gianni Infantino is abandoning a divisive plan to sell World Cup profits to private equity after massive pushback.
Infantino abandons plans to sell World Cup profits to private equity following massive pushback
FIFA President Gianni Infantino is abandoning his divisive plan to sell World Cup profits to private equity after receiving pushback from all corners of the soccer world.
bit.ly
Good morning from the Eastern District of New York, where the corruption trial of former Goldman Sachs banker Asante Berko continues.
A senior Ghanaian official was awaiting a “holy rain” of bribes after helping to secure approvals necessary for a power plant deal, jurors in New York were told at a former Goldman Sachs banker’s corruption trial. www.mlex.com/mlex/article...
Good morning from the Eastern District of New York, where the corruption trial of former Goldman Sachs banker Asante Berko continues.
Goldman Sachs walked away from a lucrative power plant deal in Ghana after its client, a Turkish energy company, wouldn’t address red flags concerning its local partner, an executive of the investment bank testified Wednesday in the corruption trial of its former banker. www.mlex.com/mlex/article...
lol, lmao etc
Baxter Holmes@baxterholmes.bsky.social · last wk.NEWS: The NBA investigation into whether the LA Clippers circumvented the salary cap to pay Kawhi Leonard could drag into 2027 if the parties don’t agree on the findings or any proposed settlement that involves punishing the team, sources tell ESPN. www.espn.com/nba/story/_/...
Good morning from the Eastern District of New York, where the corruption trial of former Goldman Sachs banker Asante Berko continues.
A former Goldman Sachs banker bribed officials in Ghana to help a client win a contract to build a power plant, prosecutors said at the start of his corruption trial, while the defense said the government was putting on a fake case. www.mlex.com/mlex/article...
