Tag: feds

  • In a switch, Trump approves Fed’s decision to hold interest rates steady


    U.S. President Donald Trump looks on as he signs an executive order in the Oval Office at the White House in Washington, U.S., Jan. 31, 2025. 

    Carlos Barria | Reuters

    President Donald Trump agreed with the Federal Reserve for its decision last week to leave interest rates unchanged, an early pivot from his previous demand that the central bank ease “immediately.”

    In an exchange with reporters Sunday, Trump said holding its key borrowing level in a range between 4.25%-4.5% was the correct move for the Fed.

    “I’m not surprised,” he said regarding the decision, according to multiple reports. “Holding the rates at this point was the right thing to do.”

    The statement stood in stark contrast to one Trump delivered when speaking remotely to the World Economic Forum in Davos, Switzerland. In a Jan. 23 appearance, Trump said he would “demand that interest rates drop immediately.”

    The president has no direct authority over the Fed, though he does nominate the chairman as well as other board members. Current Chair Jerome Powell is a Trump nominee, and a frequent target of the president’s criticism.

    Markets don’t expect the Fed to lower rates until at least June. In his post-meeting news conference last Wednesday, Powell repeatedly asserted that the Fed doesn’t need to be in a “hurry” to lower further after shaving a full percentage point off the fed funds rate from September to December in 2024.

    The Fed’s decision-making got potentially more complicated after Trump on Saturday said he would impose aggressive tariffs against Canada, Mexico and China, the three largest U.S. trading partners. Economists worry that the tariffs will drive up prices at a time when inflation has shown signs of easing.

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    In a surprising turn of events, President Trump has approved the Federal Reserve’s decision to keep interest rates steady. This decision comes after months of criticizing the Fed for raising rates too quickly, causing tensions between the President and the central bank.

    Trump’s approval of the Fed’s decision signals a shift in his stance on monetary policy, as he has previously called for lower interest rates to stimulate economic growth. This change in attitude could be a sign that the President is beginning to trust the Fed’s judgment and is willing to work with them to achieve economic stability.

    The decision to hold interest rates steady was made at the Fed’s recent meeting, where they cited concerns about slowing global growth and trade tensions as reasons for their cautious approach. Trump’s approval of this decision could help ease concerns about potential interference in the Fed’s independence and provide reassurance to investors and markets.

    Overall, this unexpected move by President Trump to support the Fed’s decision to keep interest rates steady could be a positive development for the economy and financial markets. It will be interesting to see how this newfound cooperation between the White House and the Federal Reserve plays out in the coming months.

    Tags:

    1. Trump administration
    2. Federal Reserve
    3. Interest rates
    4. Monetary policy
    5. Economic decisions
    6. President Trump
    7. Federal Reserve decision
    8. Financial markets
    9. Economic stability
    10. Federal Reserve interest rates

    #switch #Trump #approves #Feds #decision #hold #interest #rates #steady

  • Fed’s Powell says banks can provide crypto services, with caveats – Ledger Insights


    During a press conference after announcing unchanged interest rates, Federal Reserve Chair Jerome Powell touched on the topic of cryptocurrencies. He said that banks can provide cryptocurrency services to customers, so long as it’s done in a safe and sound manner.

    He added, “we’re not against innovation, and we certainly don’t want to take actions that would cause banks to terminate customers who are perfectly legal just because of excess risk aversion maybe related to regulation and supervision.”

    Following a court order, the Federal Deposit Insurance Corporation (FDIC) recently published letters which highlighted the scrutiny banks received when looking to provide cryptocurrency services to clients. In many cases they were told to pause and never given the go ahead.

    Crypto exchange Coinbase initiated the legal case in order to find evidence of the debanking of the crypto community, which the letters did not definitively demonstrate. However, the incoming acting Chairman of the FDIC has acknowledged debanking. And a Congressional committee has opened an investigation into the topic this week. This is the same committee that looked into Operation Choke Point under the Obama administration, in which disfavored industries struggled with banking relationships.

    Chair Powell also mentioned that banks are already providing crypto services to clients. We previously reported that banks enabled clients to have exposure to the tune of $200 billion in 2023, a year when the cryptocurrency markets were depressed.

    Chair Powell comments on crypto

    Below is the full quote from Chair Powell:

    So our role with crypto really is to look at the banks and we think banks are perfectly able to serve crypto customers as long as they understand and can manage the risks and it’s safe and sound, many of our — a good number of our banks that we regulate and supervise do that.

    The threshold has been a little higher for banks engaging in crypto activities, and that’s because they’re so new and we don’t want to make the mistake — if you’re making a choice to conduct that activity inside a bank which is inside the Federal safety net, with deposit insurance, then you want to be pretty sure that it’s a safe and sound activity. So, we’re not against innovation, and we certainly don’t want to take actions that would cause banks to terminate customers who are perfectly legal just because of excess risk aversion maybe related to regulation and supervision.

    Asked about households, he responded:

    That’s not really our bailiwick. You want people to be knowledgeable about the financial engagements that they have. And that’s why we have the securities laws that we have. It’s why, if you read a mutual fund prospectus or individual stock prospectus, you want households to have the chance to understand the risk that they’re taking. And I do think it would be helpful if there were a greater regulatory apparatus around crypto, and I think that’s something Congress was working on quite a lot. We’ve actually spent a lot of time with members of Congress working together with them on various things and I think that would be a very constructive thing for Congress to do.




    Federal Reserve Chairman Jerome Powell recently stated that traditional banks can offer cryptocurrency services to their customers, but with certain caveats. In a virtual event hosted by the Bank for International Settlements, Powell discussed the role of banks in the rapidly evolving digital currency landscape.

    Powell acknowledged the growing interest in cryptocurrencies among consumers and emphasized the importance of banks adapting to meet the needs of their customers. He stated that banks have the capability to provide crypto-related services, such as custody and payment processing, but must do so in a safe and responsible manner.

    Despite the potential benefits of offering cryptocurrency services, Powell highlighted the risks associated with digital assets, including volatility, fraud, and money laundering. He stressed the importance of banks implementing robust risk management practices and adhering to regulatory requirements when dealing with cryptocurrencies.

    Overall, Powell’s comments suggest that traditional banks can play a role in the growing crypto ecosystem, but must proceed with caution and ensure they are adequately prepared to manage the risks involved. It will be interesting to see how banks respond to Powell’s remarks and whether they will seize the opportunity to provide crypto services to their customers.

    Tags:

    1. Federal Reserve Chair Jerome Powell
    2. Cryptocurrency banking services
    3. Regulatory considerations
    4. Financial institutions and digital assets
    5. Cryptocurrency news update
    6. Federal Reserve policy on crypto
    7. Banking industry and blockchain technology
    8. Central bank digital currency
    9. Cryptocurrency regulations
    10. Powell’s statement on banks and crypto services

    #Feds #Powell #banks #provide #crypto #services #caveats #Ledger #Insights

  • Fed’s favorite Inflation gauge showed price growth picked up in December


    The Federal Reserve’s preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank’s target level amid its ongoing efforts to wrestle down inflation.

    The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index was up 0.3% from the prior month and 2.6% on an annual basis. Those figures were in line with the estimates of economists polled by LSEG.

    Core PCE, which excludes volatile food and energy prices, rose 0.2% for the month and increased 2.8% from a year ago, in line with estimates.

    Federal Reserve policymakers are focusing on the PCE headline figure as they try to slow the pace of price increases to their target of 2%, though they view core data as a better indicator of inflation. Headline PCE ticked higher from an annual rate of 2.4% in November to 2.6% last month, while core PCE has been at 2.8% for three consecutive months.

    Headline PCE showed prices for goods were flat in December, while prices for services rose by 3.8% from a year ago. Food prices were up 1.6% last month when compared with a year ago, while energy prices were down 1.1% during that period.

    Wages and salaries were up 0.4% in December compared with the prior month – a slight deceleration after October and November both saw wage and salary growth of 0.5% in those months.

    The personal savings rate as a percentage of disposable income was 3.8% in December. That metric declined from 4.3% in October to 4.1% in November and had been nearly 5% last spring.

    This is a developing story. Please check back for updates.



    The Federal Reserve’s favorite inflation gauge, the personal consumption expenditures (PCE) index, showed that price growth picked up in December. This could have implications for the Fed’s future monetary policy decisions.

    The PCE index rose by 0.4% in December, slightly higher than the 0.3% increase in November. On an annual basis, the index increased by 5.8%, marking the largest year-over-year gain since 1982.

    The increase in inflation was driven by higher prices for goods and services, including food, energy, and housing. This could signal that inflationary pressures are building in the economy, which may prompt the Fed to consider raising interest rates sooner than expected.

    However, it’s important to note that the Fed has repeatedly stated that it expects inflation to be transitory and will not require immediate action. The central bank has indicated that it will continue to monitor economic data closely before making any decisions on interest rates.

    Overall, the latest data on inflation from the PCE index is a reminder that price pressures are still present in the economy. It will be interesting to see how the Fed responds to this latest information in the coming months.

    Tags:

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    2. Inflation gauge
    3. Price growth
    4. December
    5. Economic indicators
    6. Federal Reserve news
    7. Economic data
    8. Monetary policy
    9. Interest rates
    10. Consumer prices

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  • The Fed’s go-to inflation gauge heated up again




    CNN
     — 

    The Federal Reserve’s preferred inflation gauge moved even higher in December, driven in part by rising food and energy prices. However, a closely watched measurement of underlying inflation trends indicated some progress in the fight to rein in price hikes.

    The Personal Consumption Expenditures price index rose 2.6% in December from the year before, heating up from November’s 2.4% increase, according to new Commerce Department data released Friday.

    That acceleration was in line with expectations, which called for a 2.6% annual increase, according to FactSet estimates.

    On a monthly basis, prices rose 0.3% as compared to 0.1% in November.

    Inflation has cooled substantially since peaking in the summer of 2022, and that progress continued through 2024 to the point where an elusive “soft landing”— price stability without having the economy tank into a recession — remained achievable as Joe Biden wrapped up his presidency.

    This story is developing and will be updated.



    The Federal Reserve’s preferred measure of inflation, the personal consumption expenditures (PCE) index, rose 0.4% in July, marking the fourth consecutive month of accelerating price growth. This increase brings the year-over-year rise in the PCE index to 4.2%, well above the Fed’s target of 2%.

    The surge in inflation is being driven by a combination of factors, including supply chain disruptions, strong consumer demand, and rising energy prices. The Fed has attributed much of the recent inflationary pressures to temporary factors, such as the reopening of the economy and the ongoing effects of the pandemic.

    Despite the Fed’s assurances that inflation is transitory, policymakers are closely monitoring the situation and are prepared to take action if necessary. Many economists expect the central bank to begin tapering its bond purchases later this year, with a potential interest rate hike in 2022.

    The latest uptick in inflation is likely to add fuel to the debate over how long the Fed can afford to remain accommodative in its monetary policy stance. With prices continuing to rise, the pressure is mounting on the central bank to address the inflationary pressures before they become entrenched in the economy.

    Tags:

    1. Federal Reserve
    2. Inflation
    3. Economic indicators
    4. Consumer prices
    5. Monetary policy
    6. Interest rates
    7. Economic data
    8. Federal Reserve Board
    9. Consumer spending
    10. Central bank

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  • Terry Rozier gambling investigation: Feds probing NBA veteran over 2023 game, link to Jontay Porter ring


    Miami Heat point guard Terry Rozier is under federal investigation as part of a wider government probe into a sports gambling ring, according to The Wall Street Journal. The investigation is centered around a game between the Charlotte Hornets and New Orleans Pelicans on March 23, 2023 that included unusual betting activity surrounding prop bets against Rozier’s statistics. Authorities believe some of the people involved in the Jontay Porter betting scandal may have had inside information that compelled them to bet against Rozier.

    In that game nearly two years ago, Rozier played only nine minutes and 34 seconds. He finished with five points, four rebounds and two assists. He was not listed on the injury report before the game, but he did not play again for the Hornets during the 2022-23 season afterward. When he left the game, the Hornets called him doubtful to return with right foot discomfort. He was listed with that injury for the remainder of the season.

    Rozier has not been charged with a crime or accused of wrongdoing. The NBA was made aware of the situation at the time, but found no violations. 

    “In March 2023, the NBA was alerted to unusual betting activity related to Terry Rozier’s performance in a game between Charlotte and New Orleans,” NBA spokesman Mike Bass said. “The league conducted an investigation and did not find a violation of NBA rules. We are now aware of an investigation by the U.S. Attorney’s Office for the Eastern District of New York related to this matter and have been cooperating with that investigation.” 

    Rozier, who was traded to the Heat last January and has played 41 games for Miami this season, has thus far declined to comment.

    U.S. Integrity, a private organization that monitors the betting world for improprieties, noticed unusual betting patterns before the game and informed sports books and the NBA. Some sports books chose to take Rozier’s props down afterward. At least one bettor claimed publicly to have had inside information which led to him betting on Rozier to finish with fewer than 6.5 assists in the game.

    Porter was banned from the NBA for life last year for his involvement in a gambling scandal, and he has since plead guilty to wire fraud conspiracy. Though both he and Rozier played in the NBA, their circumstances are quite different. Porter was a two-way player without a long-term contract. Rozier is in the middle of a $96 million contract. Sportsbooks have stopped offering prop bets on low-minute players like Porter in the wake of his scandal, but Rozier is a longtime NBA starter, so that change would not apply to him.

    In addition to Rozier, the government investigation is reportedly also exploring this gambling ring’s activities related to college basketball and potential point-shaving. Six total men have been charged in the Porter scandal, with four, including Porter, already pleading guilty. 





    The recent news of NBA veteran Terry Rozier being investigated by federal authorities over a game in 2023 has sent shockwaves through the basketball world. The investigation is said to be related to possible gambling activities surrounding the game, raising questions about the integrity of the league.

    Rozier, who currently plays for the Charlotte Hornets, has been a key player in the NBA for several years. However, this investigation puts his career and reputation at risk, as the league takes a firm stance against any form of gambling that could compromise the fairness of the game.

    In addition to Rozier’s case, the investigation has also been linked to former NBA player Jontay Porter, who is suspected of being involved in a gambling ring that may have influenced the outcome of games. This connection adds another layer of intrigue to the investigation and raises concerns about the extent of corruption within the league.

    As the investigation unfolds, fans and players alike are left wondering about the implications for the future of the NBA and the measures that will be taken to ensure the integrity of the game. Stay tuned for updates on this developing story.

    For more information on the link between Terry Rozier and Jontay Porter in the gambling investigation, click here: [insert link to Jontay Porter ring].

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    10. Jontay Porter ring connection

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  • Chicago School denies entry to Feds assuming they are from ICE, later confirmed as Secret Service


    On Friday morning, officials at Hamline Elementary School in Chicago denied federal agents entry, fearing they were from Immigration and Customs Enforcement (ICE). However, it was later confirmed that the agents were Secret Service officers pursuing a separate investigation.

    A person walks by Hamline Elementary School after federal agents were turned away on Friday, Jan. 24, 2025, in Chicago. (AP Photo/Erin Hooley)(AP)

    Two agents from the Department of Homeland Security (DHS) attempted to enter the school around 11:15 a.m. Chicago Public Schools (CPS) Chief Education Officer Bogdana Chkoumbova explained that the agents presented DHS identification.

    “This was not a U.S. Immigration and Customs Enforcement encounter,” an ICE spokesperson clarified in a statement to CNN. The Secret Service later confirmed that the agents were investigating a threat made against an unnamed government official.

    ALSO READ| Millionaire vs neuroscientist: Bryan Johnson calls out Andrew Huberman for remark on his ‘800-plus’ leg press video

    Principal Natasha Ortega reaffirms school’s stance on ICE access

    “In the course of their investigation, agents first visited a residence in a local neighbourhood and then made a visit to Hamline Elementary School,” Secret Service spokesperson Anthony Guglielmi told CNN.

    “Agents identified themselves to the school principal and provided business cards with their contact information. The agents left without incident. The Secret Service investigates all threats made against those we protect; we do not investigate nor enforce immigration laws.”

    CPS officials followed established safety protocols to ensure the students’ safety and refused to allow the agents access to staff or students. “Regardless of which branch of Homeland Security visited this school, officials followed the established protocols to ensure student safety,” a district spokesperson said.

    ALSO READ| US military planes with deported ‘illegal’ immigrants arrive in Guatemala, first since Trump assumed power

    Notably, acting Homeland Security Secretary Benjamine Huffman recently authorized ICE agents to arrest individuals near sensitive areas like schools and churches, reversing a long-standing policy designed to limit enforcement in these locations.

    Principal Natasha Ortega addressed the school’s stance at a news conference, stating, “We will not open our doors for ICE, and we are here to protect our children and make sure they have access to an excellent education.”



    In a recent incident at a Chicago school, officials denied entry to federal agents assuming they were from ICE, only to later discover they were actually from the Secret Service.

    The confusion began when two federal agents arrived at the school and requested entry. School officials, believing they were from ICE, immediately denied them access due to the school’s policy of not cooperating with immigration enforcement agencies.

    However, after further investigation, it was revealed that the agents were actually from the Secret Service and were there for a completely different purpose. The school later issued an apology for the misunderstanding and clarified their policy regarding federal agencies.

    This incident highlights the heightened tensions and fears surrounding immigration enforcement in schools and communities across the country. It also serves as a reminder of the importance of clear communication and understanding between law enforcement agencies and educational institutions.

    Tags:

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    • ICE denied entry to Chicago School
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  • Feds seek 57-month sentence for Mizuhara for defrauding Ohtani


    Federal prosecutors recommended a 57-month prison sentence Thursday for Ippei Mizuhara, the former interpreter for Los Angeles Dodgers superstar Shohei Ohtani, and released an audio recording in which they say he impersonates Ohtani in an attempt to wire money from Ohtani’s bank account.

    In a separate court filing, Mizuhara’s attorney, Michael G. Freedman, said Mizuhara has suffered from a gambling addiction since he was a teenager and asked for an 18-month sentence.

    Mizuhara was fired in March 2024 after an ESPN investigation uncovered he had sent millions in wire transfers from Ohtani’s account to an illegal bookmaker. He pleaded guilty to bank fraud and filing a false tax return in June, admitting that he stole nearly $17 million from Ohtani to pay off gambling debts to an illegal bookmaker. He is scheduled to be sentenced Feb. 6.

    According to the prosecutors’ filing, Mizuhara called the bank and impersonated Ohtani on approximately 24 occasions in order to wire money from Ohtani’s account. In the recording, which prosecutors said was made Feb. 2, 2022, a bank employee asked Mizuhara to identify himself.

    “Who am I speaking with?” the bank employee asked in the recording, which was first obtained by The Athletic.

    “Shohei Ohtani,” Mizuhara replied.

    Mizuhara told the bank employee that he could not log in to online banking. “I tried to make a wire transfer a couple of days ago. They told me that’s probably the reason, they transferred me to this number,” he said.

    After Mizuhara recited a six-digit code she texted him for two-factor authentication, Mizuhara told her he needed to send $200,000 for a car loan.

    “What is your relationship to the payee?” the agent asked.

    “He’s my friend,” Mizuhara responded.

    “Have you met your friend in person?” she asked.

    “Yes, many times,” Mizuhara said.

    “I just ask because we haven’t been able to verify the transaction,” the agent said before asking how Mizuhara received the wire information. Mizuhara told her he received it by email but later talked about it with the recipient in person.

    “Will there be any future wires to your friend?” the agent asked.

    “Possibly,” Mizuhara replied.

    Prosecutors said the clip had been edited to redact the names of the bank and the person receiving the wires. ESPN reported in May that Mizuhara wired some of the money to the bank account of Ryan Boyajian, an associate of bookmaker Mathew Bowyer.

    Prosecutors also recommended Mizuhara pay nearly $17 million in restitution to Ohtani as well as $1.1 million to the IRS.

    In his filing, Freedman wrote that Mizuhara started gambling when he was 18 and visited casinos four to five times a week. At 22, he began playing online poker and betting on sports. While working for Ohtani at the Los Angeles Angels, Mizuhara’s gambling increased because of poker games hosted by other baseball players in hotel rooms, according to the filing. ESPN previously reported that Mizuhara met Bowyer at a poker game at the team hotel in San Diego in 2021.

    Mizuhara placed about 19,000 bets with Bowyer over a two-year period and accumulated over $40 million in debt. Bowyer gave Mizuhara a startup credit of $20,000, Freedman wrote.

    Freedman added that Mizuhara has been attending Gamblers Anonymous meetings three times a week.

    Prosecutors wrote in a separate filing, however, that a gambling addiction “cannot fully explain defendant’s conduct because defendant used the stolen funds for numerous personal expenses that had nothing to do with gambling.”

    “Ultimately, the government submits, the motivating factor behind defendant’s crimes was not a gambling addiction but rather greed,” prosecutors wrote.

    In a letter also submitted to U.S. District Court Judge John W. Holcomb on Thursday, Mizuhara wrote that he felt like he was on call 24/7 and had almost no time off while working for Ohtani, who he first met while working as an interpreter for the Hokkaido Nippon-Ham Fighters in Japan.

    “Usually when a Japanese baseball player makes the move to the United States, they would bring over multiple staff members to take care of various tasks such as a driver, trainer, chef, off the field interpreter/support member, etc. but I was the only person Shohei brought along so naturally I had to support him on most of the above mentioned tasks,” Mizuhara wrote.

    The Angels, Ohtani’s first team in the U.S., initially paid Mizuhara $85,000 before increasing his salary to $250,000 in 2022, according to the prosecutors’ filing. When he moved to the Dodgers with Ohtani in 2024, his salary grew to $500,000. Ohtani also paid Mizuhara a separate salary and gave him a Porsche Cayenne, the filing states.

    In his letter, Mizuhara wrote that Ohtani paid him roughly $2,500 a month from October to January and $125 to $130 a month from February to September. Mizuhara said he struggled to make ends meet because he had to live near Ohtani in California, pay for his wife’s travel between the U.S. and Japan, and rent accommodations while traveling with Ohtani to Japan in the offseason.

    “All of these extra expenses were taking a huge toll on me and I was living paycheck to paycheck, I would have to borrow money from family and friends some months to make ends meet,” Mizuhara wrote.

    Mizuhara added that his wife, Naomi, also helped support Ohtani. She cooked him meals, watched his dog and helped him with broken nails he suffered while pitching.

    “She truly supported both Shohei and I to the best of her abilities throughout the years and she never complained through all of this as she knew my priority was to support Shohei to the best of my ability,” Mizuhara wrote.

    Naomi told the judge in a separate letter that Mizuhara is her “only family” after recently losing her parents and other family members, as well as their family dog. Unable to obtain a green card until 2023, she described becoming “emotionally unstable” and developed hearing loss and alopecia areata due to stress.

    “I deeply regret not being able to support him or notice his struggles during that time,” she wrote.

    At the end of his letter, Mizuhara asked for mercy from the judge and apologized to Ohtani.

    “Lastly, I truly admire Shohei as a baseball player and a human being and I was committed to devote my life so Shohei can be the best version of himself on the field,” Mizuhara wrote. “I want to say I am truly sorry for violating his trust in me.”



    In a recent development, federal prosecutors are seeking a 57-month prison sentence for Mizuhara, who has been accused of defrauding Ohtani. The case has garnered widespread attention due to the high-profile nature of the individuals involved.

    Mizuhara, a former business associate of Ohtani, allegedly deceived the baseball star into investing a significant amount of money in a fraudulent scheme. The scheme ultimately resulted in substantial financial losses for Ohtani, prompting the federal investigation and subsequent charges against Mizuhara.

    The prosecution is pushing for a lengthy prison sentence in order to send a strong message about the seriousness of white-collar crimes and to deter others from engaging in similar misconduct. Mizuhara’s defense team, however, is expected to argue for a more lenient sentence, citing mitigating factors such as remorse and cooperation with authorities.

    As the case unfolds, the outcome remains uncertain. However, one thing is clear – the federal government is taking a firm stance against those who seek to defraud and exploit others for personal gain. Stay tuned for further updates on this developing story.

    Tags:

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    2. Ohtani scam
    3. Mizuhara sentencing
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    5. White-collar crime
    6. Mizuhara legal troubles
    7. Ohtani fraud investigation
    8. Mizuhara court case
    9. Feds prosecute Mizuhara
    10. Mizuhara embezzlement scheme

    #Feds #seek #57month #sentence #Mizuhara #defrauding #Ohtani

  • Chicago spared immigration raids Tuesday, but Pritzker warns feds may target ‘2,000 people’


    Gov. JB Pritzker on Tuesday said he believes President Donald Trump’s administration is targeting “as many as 2,000 people” in Chicago in its mass deportation plan.

    Those numbers come from local law enforcement, according to sources with direct knowledge of the discussions. But the Chicago Police Department declined to comment on that total, as did other police sources. It’s unclear whether the number encompasses the people Trump “border czar” Tom Homan is targeting: criminals who lack legal status and immigrants with deportation orders.

    After weeks of preparation by Chicago’s immigrant communities, and a weekend full of fear amid multiple reports that the city would serve as the first major raid, there were no reports of immigration enforcement on Tuesday.

    On Friday, the Wall Street Journal reported that the Trump administration’s immigration raids would begin in Chicago Tuesday morning, citing sources familiar with the planning. But by Saturday, Homan told the Washington Post that federal authorities were reconsidering whether to launch immigration raids in Chicago after details began to leak.

    At an unrelated news conference on Tuesday, Pritzker said the Trump Administration has not communicated with his administration about their plan.

    “We have heard that they’re targeting as many as 2,000 people initially in the city of Chicago alone,” Pritzker said. “I don’t know whether they’ll effectuate that or how, and I want to be clear about what my position is and what the law is. If there are violent criminals who have been convicted of violent crimes, who are undocumented, they are supposed to be deported. That is the law of the United States and has been for quite a long time. I don’t want them in my state. I don’t want them in the country.”

    Pritzker said a visit to Pilsen and Little Village’s empty storefronts on Monday served as proof that Trump’s plan is once again stoking fear in Chicago’s immigrant neighborhoods.

    “I was in businesses yesterday that were relatively empty because people are afraid to show up,” Pritzker said. “Because even documented immigrants, even citizens who are from another country but now are citizens of the United States have relatives who are undocumented. They’re afraid. That is what this president is doing, and it’s wrong.”

    Speaking with CNN’s Dana Bash on Tuesday, Homan reiterated that he’s targeting people in the country lacking legal status who have a criminal conviction. He said he wants access to criminals in jails in sanctuary cities, to arrest them “in the safety and security of a county jail.”

    But Homan said U.S. Immigration and Customs Enforcement officers also plan to go into communities to find these criminals — and others may be arrested along with them.

    “We will find him, but when we find him, he may be with others. Others that don’t have a criminal conviction are in the country illegally. They will be arrested too,” Homan said. “So, there’s going to — there’s going to be more collateral arrests in sanctuary cities because they forced us to go in the community and find — and find the guy we’re looking for.”

    Homan also downplayed the attention on Chicago, despite his own claims in December at a GOP holiday party that the city would serve as ground zero for his plan.

    Contributing: Tom Schuba





    In a recent turn of events, Chicago was spared from immigration raids on Tuesday, but Governor J.B. Pritzker has issued a warning that federal officials may still be targeting around 2,000 individuals in the city.

    The news comes as a relief to many immigrant communities in Chicago, who have been living in fear of the recent crackdown on undocumented individuals by the Trump administration. However, Governor Pritzker is urging caution and vigilance, as the threat of raids still looms large.

    Pritzker emphasized the importance of protecting the rights and safety of all residents, regardless of their immigration status. He has vowed to work with local law enforcement agencies to ensure that everyone in Chicago feels safe and secure in their homes.

    As the situation continues to unfold, it is crucial for immigrant communities to stay informed and aware of their rights. Resources and support are available for those who may be affected by potential raids, and it is important to seek help if needed.

    Overall, while Chicago may have been spared from immigration raids on Tuesday, the fight for immigrant rights and justice is far from over. Stay tuned for further updates and continue to stand in solidarity with those who are most vulnerable in our communities. #ImmigrantRights #ChicagoStrong

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    9. Immigration enforcement in Chicago
    10. Chicago immigration updates

    #Chicago #spared #immigration #raids #Tuesday #Pritzker #warns #feds #target #people

  • Mixed reaction after feds take several into custody in Mass. cities


    A man was taken into federal custody Wednesday morning outside a busy Chelsea, Massachusetts, Market Basket location.There was also a similar scene in East Boston, with both arrests sparking mixed reactions. “If someone does wrong, they gotta face the consequences,” an East Boston neighbor said. “If it is something targeted towards immigrants, frankly it doesn’t make me feel safer necessarily,” another neighbor said. In his inaugural address Monday, President Donald Trump warned raids by Immigration and Customs Enforcement raids would happen, and soon.The Trump administration is now allowing ICE to raid places of worship, schools, and hospitals.The Massachusetts Hospital Association released a statement Wednesday addressing the new policy:”MHA and our members are carefully tracking and evaluating new national policies. However, anyone who walks through the door of one of our hospitals seeking care is a patient and will be treated accordingly.”Faith leaders like Rabbi David Jaffe also addressed the policy, condemning it. “Sacred places built for people to be safe and in community with each other,” Jaffe said. “To now make those open for people’s families to be ripped apart is just a violation of human dignity.””If you can’t find a place of refuge or seek a place that you know can provide you that refuge, that peace of mind — then where can you go?” said Gamaliel Lauture, of the Brockton Interfaith Community. The cities of Brockton and Worcester, Massachusetts, both said their public school systems will remain a safe haven. “Schools have been directed not to allow access to immigration enforcement authorities,” Brockton’s superintendent wrote in a statement. “Any requests for access to schools will be vetted by the superintendent’s office in consultation with legal counsel.”Federal officials may also now target local and state officials that get in the way of immigration enforcement.Massachusetts Gov. Maura Healey has urged many not to worry. “Officials here follow the law,” Healey said. “We are not a sanctuary state.”WCVB asked ICE about any enforcement activities that may have been carried out on Wednesday. We are still awaiting a response.

    A man was taken into federal custody Wednesday morning outside a busy Chelsea, Massachusetts, Market Basket location.

    There was also a similar scene in East Boston, with both arrests sparking mixed reactions.

    “If someone does wrong, they gotta face the consequences,” an East Boston neighbor said.

    “If it is something targeted towards immigrants, frankly it doesn’t make me feel safer necessarily,” another neighbor said.

    In his inaugural address Monday, President Donald Trump warned raids by Immigration and Customs Enforcement raids would happen, and soon.

    The Trump administration is now allowing ICE to raid places of worship, schools, and hospitals.

    The Massachusetts Hospital Association released a statement Wednesday addressing the new policy:

    “MHA and our members are carefully tracking and evaluating new national policies. However, anyone who walks through the door of one of our hospitals seeking care is a patient and will be treated accordingly.”

    Faith leaders like Rabbi David Jaffe also addressed the policy, condemning it.

    “Sacred places built for people to be safe and in community with each other,” Jaffe said. “To now make those open for people’s families to be ripped apart is just a violation of human dignity.”

    “If you can’t find a place of refuge or seek a place that you know can provide you that refuge, that peace of mind — then where can you go?” said Gamaliel Lauture, of the Brockton Interfaith Community.

    The cities of Brockton and Worcester, Massachusetts, both said their public school systems will remain a safe haven.

    “Schools have been directed not to allow access to immigration enforcement authorities,” Brockton’s superintendent wrote in a statement. “Any requests for access to schools will be vetted by the superintendent’s office in consultation with legal counsel.”

    Federal officials may also now target local and state officials that get in the way of immigration enforcement.

    Massachusetts Gov. Maura Healey has urged many not to worry.

    “Officials here follow the law,” Healey said. “We are not a sanctuary state.”

    WCVB asked ICE about any enforcement activities that may have been carried out on Wednesday. We are still awaiting a response.



    In a recent operation by federal authorities, several individuals were taken into custody in cities across Massachusetts, sparking a mixed reaction among residents.

    While some praised the efforts of law enforcement in cracking down on criminal activity, others expressed concern over the methods used and the impact on the communities involved.

    The operation targeted individuals suspected of various crimes, including drug trafficking, illegal firearms possession, and human trafficking. The arrests were part of a larger effort to combat organized crime and improve public safety in the state.

    However, some residents raised questions about the tactics used by authorities, with concerns about racial profiling and the potential for unintended consequences on innocent individuals. Others worried about the long-term effects on community trust and relationships with law enforcement.

    Despite the mixed reaction, officials emphasized the importance of collaboration between federal, state, and local agencies in addressing crime and keeping communities safe. They reassured residents that these efforts were necessary to uphold the rule of law and protect public safety.

    As the situation continues to unfold, it remains to be seen how the community will ultimately respond to these recent arrests and the broader implications for law enforcement in Massachusetts.

    Tags:

    1. Federal arrests in Massachusetts
    2. Law enforcement operation in Mass. cities
    3. Reaction to multiple arrests in Mass.
    4. Federal custody in Massachusetts
    5. Mass. cities arrests stir debate
    6. Law enforcement actions in Mass. spark mixed reactions
    7. Federal crackdown in Massachusetts
    8. Public response to arrests in Mass. cities
    9. Impact of federal custody in Massachusetts
    10. Controversy surrounds arrests in Mass. cities

    #Mixed #reaction #feds #custody #Mass #cities

  • Sheng Thao and partner Andre Jones sought more than $300,000 in bribes, feds allege


    Former Oakland Mayor Sheng Thao, her partner Andre Jones, and city contractors David and Andy Duong have been indicted for conspiracy, bribery, and other charges associated with an alleged “pay-to-play” scheme.

    The US Attorney’s Office and other federal authorities delivered the bombshell announcement Friday morning after a months-long, sprawling — and ongoing — FBI investigation.

    The indictment alleges that Thao and Jones accepted bribes from the Duongs in exchange for promising to extend their recycling services contract with the city and purchase modular housing units from a company the Duongs ran if Thao was elected in 2022. The Duongs own California Waste Solutions, which has a multi-million-dollar contract with Oakland to provide curbside recycling services, and the company has a deal to take over part of the old Oakland Army Base to build a new recycling center.

    The Duongs allegedly paid $75,000 for mailers attacking Thao’s opponents in the 2022 election, the government says. They also promised $300,000 to Jones for a “no-show” job, and allegedly paid him $95,000 in cash after the election.

    Thao pleaded not guilty at an arraignment later Friday morning.

    “The mayor looks forward to defending herself against these charges, showing that there is in fact no evidence to support these charges,” said her attorney Jeff Tsai, speaking outside the courthouse.

    Jones and his attorney Walter Riley didn’t immediately respond to messages.

    Andy Duong’s attorney, Winston Chan, issued a statement shortly after the indictments were unsealed, saying Duong is innocent.

    “We have kept quiet despite the media frenzy of the past months in the hope that the government would correctly come to see through objective investigation that the allegations are baseless, and being fanned by nothing more than gossip and supposition stitched together by the fabrications and delusions of those who lack all fundamental credibility,” Chan said. “But disappointingly, Andy instead is today the most recent in a long line of Asian Americans who unfairly are singled out and forced to pay a price for daring to be active in the political sphere.”

    Lawyers for California Waste Solutions also sent a statement shortly after Friday’s announcement saying the company will continue to cooperate with the investigation.

    “The company has not been charged and does not expect that it will be, as it has never authorized any improper payments nor sought or received any improper government benefits,” they wrote. The attorneys said the recycler plans to fulfill its contract with Oakland, which lasts until 2034, and to press ahead with the construction of its new facility at the old army base.

    It has been clear since June that the FBI has been investigating Thao, Jones, the Duongs, and a complicated web of people and businesses they were affiliated with. On June 20, the FBI and other federal law enforcement agencies raided the Oakland Hills home where Thao and Jones live, as well as three properties associated with the Duongs. A few days later, the FBI issued subpoenas to city officials naming the four people who were indicted and several others.

    “The public needs to know it can trust those in charge of City Hall to work for the public interest,” said First Assistant US Attorney Patrick D. Robbins at a press conference Friday. Robbins is in charge of this case because US Attorney for Northern California Ismael Ramsey had to recuse himself from the investigation. The office declined to answer questions about the reason for the recusal or when Ramsey was recused. 

    Robbins said the US Attorney’s Office began looking into the Oakland case after the city’s Public Ethics Commission brought the corruption allegations to federal authorities. The commission has been carrying out its own investigation into an alleged straw-donor scheme facilitated by the Duongs, whom they accuse of illegally funneling campaign cash to a long list of local and state politicians.

    Since the June raid, Thao has adamantly maintained her innocence, often telling reporters that she was not the target of the FBI’s probe. Thao was recalled from office in November by voters frustrated with crime and the city’s flagging local economy, and the FBI raids may have played a role in turning the public against her.

    Several supporters of the recall attended the press conference or came to the federal building where it was held in San Francisco, including landlord Tuan Ngo, mayoral candidate Mindy Pechenuk, and activist Seneca Scott. Ngo, who was carrying several protest signs, was ushered out of the conference, which was a closed event for press only.

    A homeless housing company run by Andy Duong and Oakland businessman Mario Juarez, Evolutionary Homes, has been a focus of the investigation. Prosecutors allege that Thao promised to hand multi-million dollar contracts to Evolutionary Homes. “Thao proposed using the city of Oakland’s emergency powers to make it easier to buy the housing units on behalf of Oakland, without needing to use a competitive bidding process,” the indictment alleges.

    The indictment includes text messages between Juarez, identified by prosecutors as an anonymous “co-conspirator,” and Andy Duong from October 2022. In those messages, Juarez reported that Thao “will buy 100 units,” if she becomes mayor.

    “Guaranteed?” asked Duong.

    “Sheng is going to call you re $$” Juarez later texted. 

    The indictment alleges that Thao, Andy Duong, and Juarez “finalized the bribery scheme” at a fundraiser a few days later, where Thao agreed to purchase housing from the company, appoint Duong’s choice for a high-up city official, and extend a contract for California Waste Solutions, if she was elected.

    About a month later, after Thao narrowly won the race for mayor by 677 votes, the co-conspirator and Duong exchanged a few more texts.

    “So we may go to jail…But we are $100 million dollars richer,” Juarez allegedly wrote.

    “Money buys everything,” Duong replied.

    “As is often the case, the accused left a money trail for their deceptive acts of corruption,” said IRS criminal investigator Linda Nguyen at Friday’s press conference.

    Federal authorities say the investigation is ongoing but declined to share whether more indictments are expected. 

    However, earlier this week, the FBI raided the home of San Leandro City Councilmember Bryan Azevedo, who went on a trip to Vietnam with Thao and the Duongs in 2023, and who sought an Evolutionary Homes contract in his city.

    This is a developing story. Check back for updates.



    In a shocking turn of events, Oakland City Councilmember Sheng Thao and her partner Andre Jones have been accused by federal authorities of seeking more than $300,000 in bribes. The allegations have sent shockwaves through the community and raised serious concerns about the integrity of our local government.

    Thao, who has been a prominent figure in Oakland politics for years, is now facing serious legal trouble as federal investigators dig deeper into her alleged misconduct. The accusations against her and Jones paint a troubling picture of corruption and greed at the highest levels of our city government.

    As residents of Oakland, we deserve leaders who are honest, transparent, and dedicated to serving the best interests of our community. It is deeply troubling to see such serious allegations leveled against individuals who were entrusted with the responsibility of representing us.

    We must demand accountability and transparency from our elected officials, and we must not tolerate corruption in any form. The allegations against Thao and Jones serve as a stark reminder of the importance of holding our leaders to the highest ethical standards.

    We must stay informed, stay vigilant, and hold our elected officials accountable for their actions. Our city deserves better, and we must work together to ensure that our government is free from corruption and dedicated to serving the needs of all Oakland residents.

    Tags:

    Sheng Thao, Andre Jones, bribery scandal, corruption charges, federal investigation, political corruption, Oakland City Council, government bribery, corruption scandal, Sheng Thao scandal, Andre Jones scandal, federal charges, bribery allegations.

    #Sheng #Thao #partner #Andre #Jones #sought #bribes #feds #allege