Greek PM was 'grandstanding' in sculpture row: UK's Sunak
UK Prime Minister Rishi Sunak on Wednesday defended his decision to snub Kyriakos Mitsotakis, accusing his Greek counterpart of playing to the gallery in...
2023-11-29 21:28
Factbox-Maine town of Lewiston the scene of latest in a series of US mass shootings
A gunman on Wednesday left multiple casualties after opening fire at a bar and a bowling alley in
2023-10-26 21:19
Newcastle still waiting for confirmation of Tonali ban
Newcastle boss Eddie Howe said there is a "high chance" Sandro Tonali could be involved in Saturday's Premier League fixture at Wolves despite being handed a 10-month...
2023-10-27 17:20
'Hasn't hurt Taylor Swift': Bill Maher takes a dig at Swifties while discussing Joe Biden's plummeting support among Black voters
Bill Maher discusses the poll that revealed that Donald Trump was leading in five of six swing states
2023-11-12 20:55
SEC announces settlement with merger partner of Trump’s Truth Social app
The Securities and Exchange Commission announced that it had settled fraud charges with the financial firm tied to former president Donald Trump’s Truth Social platform, Street Insider reported. The SEC had accused Digital World Acquisition Corporation (DWAC), a special purpose acquisition company, of making material misrepresentations in forms it filed with the SEC as part of its initial public offering and its proposed merger with Trump Media & Technology Group Corp (TMTG), which Mr Trump founded. DWAC had misled both the SEC and investors when it failed to disclose that it had formulated a plan to acquire and was pursuing the acquisition of TMTG. Special purpose acquisition companies are meant to identify and acquire operating businesses. But the SEC said in the forms DWAC filed to support its IPO in September 2021, neither it nor its officers had said it had discussions with any target companies before its IPO. But the SEC’s order found that the person who would become DWAC’s chief executive and board chairman, along with other people, had extensive special purpose acquisition company meetings with Mr Trump’s company, and that the executive had pursued talks with TMTG for another special purpose acquisition company he created. In turn, the SEC called DWAC’s Form S-1 false and misleading. “DWAC failed to disclose its discussions with TMTG and failed to disclose a material conflict of interest of its CEO and Chairman,” Gurbir S Grewal, the director of the SEC’s enforcement division. “In the context of a SPAC – a ‘blank-check’ entity without business operations – these disclosure failures are particularly problematic because investors focus on factors such as the SPAC’s management team and potential merger targets when making financial decisions.” The SEC said that DWAC violated antifraud provisons of security laws. It had previously announced that it would pay an $18m settlement in the event it closes a merger transaction and it would sign a cease and desist order. Last month, federal authorities arrested Michael Shvartsman, Gerald Shvartsman and Bruce Garelick and the three were named in an unsealed federal indictment. The all pleaded not guilty to insider dealing at a court in New York City this month. Read More Truth Social’s merger partner reaches $18m settlement with SEC
2023-07-21 06:29
'Die Hard' crew feared for Bruce Willis' life after filming intense first scene of him jumping from ledge
Bruce Willis' first shot for 'Die Hard' required him to jump from a ledge onto an airbag
2023-07-05 16:17
Where were Jonas Bare and Cynthia Hovsepian found? Tennessee couple who went missing on Alaska trip discovered after eight days
Jonas Bare and Cynthia Hovsepian were reported missing on August 11 after they failed to check out of their Airbnb rental
2023-08-20 20:24
Iowa governor signs bill rolling back child labor protections into law
Iowa Republican Gov. Kim Reynolds signed a bill into law Friday that rolls back child labor protections by extending the hours that teens can work and the establishments where they can be employed.
2023-05-27 08:50
Turkish Investors Looking for Haven Turn to Stablecoin Tether
People in Turkey are running to the crypto market as a haven against the collapsing lira currency. Local
2023-06-10 14:17
Polish elections: When are they and why is Europe watching closely?
Poland's upcoming elections have been called the most important since the fall of communism in 1989.
2023-10-08 10:45
Who was Sadie Mauro? Lacrosse star, 17, dies in Cape Cod boat accident after colliding with jetty
Sadie Mauro, a talented lacrosse player and aspiring high school senior, tragically died in a Cape Cod boat accident on Friday, July 21
2023-07-23 18:24
xQc claps back at Linus Tech Tips' jab at his 'failed relationship' and gambling adventures: 'I don’t even f**king get it'
The cheeky remarks added fuel to the ongoing conversation xQc's use of other creators' content in his videos
2023-08-06 21:18
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