Odey’s Hedge Fund Responds to Sexual Assault Allegations in FT
Odey Asset Management responded for the first time since a Financial Times investigation published allegations of sexual assault
2023-06-09 11:53
China Lobbies EU on Proposal to Punish Firms Aiding Russia
China is putting pressure on the European Union behind closed doors to scrap proposed trade restrictions on Chinese
2023-06-09 11:29
NBA Draft rumors: Trail Blazers have huge incentive to trade No. 3 pick
The Portland Trail Blazers own the No. 3 pick in the NBA Draft but Damian Lillard is giving them plenty of reason not to make that pick.With the NBA Draft only two weeks, the rumor mill is heating up. Will Damian Lillard get traded by the Trail Blazers this offseason? What can Portland do to mak...
2023-06-09 11:24
The divisive debate over California's anti-caste bill
California will become the first US state to ban caste discrimination if the legislation is approved.
2023-06-09 11:17
Obstruction, false statements and unlawfully retaining documents: The charges against Donald Trump
Donald Trump is expected to face seven counts in a federal indictment stemming from the US Department of Justice investigation into his possession of classified documents at his Mar-a-Lago property. Federal prosecutors are expected to charge him with the willful retention of national defense secrets in violation of the Espionage Act, making false statements, obstruction and witness tampering. Mr Trump will surrender, face arrest, and be formally charged in US District Court in Miami, as soon as next week, after a federal grand jury believed there was enough evidence to bring charges against him. A potential sentence, if convicted, could include decades in prison. The exact charges against Mr Trump have not been announced, and it is unclear whether an indictment against him will remain sealed until it is formally presented in federal court. Mr Trump said he was due in federal court in Miami at 3pm ET on Tuesday 13 June. He has repeatedly denied any wrongdoing and declared the investigations against him a “witch hunt”. An investigation from special counsel Jack Smith, who was appointed to lead the Justice Department’s probe into the former president’s alleged mishandling of documents after leaving the White House, reportedly is looking into whether his lawyers falsely certified that he returned classified records to the government, or whether he concealed them, illegally, and lied to his legal team. Federal prosecutors are expected to present compelling evidence that the former president knowingly and deliberately misled his attorneys about his retention of sensitive documents after leaving the White House in January 2021 after losing his re-election bid. Unauthorised retention of national security documents The frontrunner for the 2024 Republican presidential nomination will face charges under the Espionage Act, which the Justice Department invoked against now-former National Security Agency translator Reality Winner while Mr Trump was president in 2018. Julian Assange and Daniel Hale also were charged under the Espionage Act in 2019. Mr Trump is now expected to face that same charge, according to his lawyer James Trusty. One of the six sections under the Espionage Act, Section 793, prohibits “gathering, transmitting or losing” any “information respecting the national defence”. The use of Section 793, which does not make reference to classified information, is understood to be a strategic decision by prosecutors that has been made to short-circuit the former president’s ability to claim that he used his authority as president to declassify documents he removed from the White House and kept at his Florida property long after his term expired on 20 January 2021. That section of US criminal law is written in a way that could encompass Mr Trump’s conduct even if he was authorised to possess the information as president. It states that anyone who “lawfully having possession of, access to, control over, or being entrusted with any document … relating to the national defence” and “willfully” transmits such information in any way can face a prison sentence of up to 10 years. Obstruction A charge of obstruction in this case likely involves the “destruction, alteration, or falsification of records in federal investigations.” In a case before a jury, federal prosecutors must prove whether Mr Trump knowingly retained documents under the National Archives and Records Administration’s custody, and willfully defied the Justice Department’s subpoena for classified documents in his possession. A conviction includes a penalty of up to 20 years in prison. An additional charge of conspiracy, which would need to include another person in order to commit a crime, could carry a sentence of five years. Making false statements Mr Trump could face additional charges for making false statements, or allowing his legal team to make false statements, if prosecutors determine that he lied to law enforcement about the documents in his possession at the subject of the subpoenas against him. That could include an additional five-year sentence, if convicted. Witness tampering Section 1512 under Title 18 includes a broad prohibition against tampering with a witness, victim or informant involved in a federal investigation. It applies to matters before Congress as well as federal agencies and civil and criminal judicial proceedings, including grand jury proceedings. A conviction includes a maximum sentence of 20 years in prison. A federal indictment against Mr Trump arrives days after a last-ditch attempt by his legal team to convince Justice Department officials against charging him. Investigators launched a probe early last year after officials with the National Archives and Records Administration discovered more than 100 documents bearing classification markings while reviewing 15 boxes retrieved from Mr Trump’s Mar-a-Lago home. US Attorney General Merrick Garland appointed Mr Smith, a former war crimes prosecutor at The Hague, as special counsel to lead the probe. An indictment serves as a formal accusation, among a prosecutor’s first steps before a case can be brought to trial. Grand jurors heard evidence and testimony brought forward from prosecutors and witnesses they chose to present. In a trial, a jury will hear from defence attorneys. Following Mr Trump’s formal indictment, prosecutors will share evidence with his legal team and likely begin motions to dismiss the case. Andrew Feinberg contributed reporting Read More Trump indictment - live: Trump says he’s ‘an innocent man’ as he faces seven charges in documents case Read Trump’s furious reaction to federal indictment in classified documents case Trump has been indicted again: Here are all of the major lawsuits and investigations he is facing
2023-06-09 10:55
MSCI Says Korea Still Faces Market Access Issues in Upgrade Bid
South Korea needs to work on opening up access to its capital market including extending currency trading hours,
2023-06-09 10:48
Trump allies invoke JFK assassination and accuse Democrats of ‘election interference’ as ex-president indicted
Allies of former president Donald Trump quickly came to his defence on Thursday after he revealed he was facing a federal indictment related to a Department of Justice investigation into his mishandling of classified documents. The indictment comes after a months-long investigation into whether Mr Trump knowingly kept sensitive materials at his Mar-a-Lago home and / or misled investigators looking into the matter. According to reports, Mr Trump will face seven charges related to the federal indictment. On Twitter, allies of Mr Trump remained loyal to him and downplayed the severity of the indictment. Representative Matt Gaetz (R-FL) claimed the indictment was a form of “election interference” on Twitter “This phony Boxes Hoax indictment against President Trump reflects the most severe election interference on the part of the federal government that we have EVER seen!” he tweeted. Representative Marjorie Taylor Greene (R-GA) said the indictment came because Democrats fear Mr Trump will win re-election. "Democrats must literally shake with sweats when they see amazing packed out Trump rallies and overwhelming winning poll numbers week after week," she tweeted. "They must awake in the night with panic at the thoughts of us winning in 2024." Ms Greene added that the indictment was meant to distract from Mr Biden’s supposed crimes, for which she provided debunked claims or those with little evidence. She also noted how Mr Biden currently faces an investigation from Special Counsel Robert Hur for having classified documents at multiple locations, including his private residence. "Joe Biden has classified documents everywhere," she tweeted. "Literally on the garage floor next to the garage door that opens and closes, but the corrupt and complicit FBI and DOJ do nothing." Senator Marco Rubio (R-FL) tweeted: "There is no limit to what these people will do to protect their power & destroy those who threaten it, even if it means ripping our country apart & shredding public faith in the institutions that hold our republic together.” In a statement posted to her Twitter, Representative Elise Stefanik (R-NY) echoed other GOP congressional members’ statements, saying the indictment was an interference with Mr Trump’s campaign. Right-wing activist Mike Cernovich tweeted: “This is the JFK assassination all over again - they are killing Trump by other means.” In another post he said: “The deep state killed JFK with bullets. Now they are using briefcases to assassinate those who stand in their way.” The indictment comes as Mr Trump is seeking a third bid for the White House. Representative Andy Biggs (R-AZ), one of the leaders of the insurgent House Freedom Caucus, railed against the Justice Department for the indictment "We ought to defund and dismantle the DOJ," he tweeted. "I stand with President Trump." Additional reporting by Eric Garcia Read More ‘A criminal not a victim’: Trump critics mock his cries of ‘witch-hunt’ as he is indicted over secret papers Trump indictment - live: Trump says he’s ‘an innocent man’ as he faces seven charges in documents case Will Donald Trump be arrested and jailed after classified documents indictment? Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement
2023-06-09 10:47
Odey's prime brokers review ties after misconduct allegations -sources
By Nell Mackenzie, Kirstin Ridley, Maiya Keidan and Carolina Mandl LONDON/TORONTO (Reuters) -Odey Asset Management's prime brokers, including Goldman Sachs
2023-06-09 10:24
FBI arrests Texas man at center of suspended attorney general Paxton's impeachment
By Brad Brooks FBI agents on Thursday arrested a real estate developer at the center of allegations that
2023-06-09 10:24
NFL rumors: Shocking team could become instant front-runner for DeAndre Hopkins
The DeAndre Hopkins sweepstakes now involves a new front-runner as the Titans snagged the first visit for the coveted free agent wide receiver.Here's the thing about veteran NFL free agents: Only some of them are serious when they say they want to go somewhere to compete for a championship....
2023-06-09 10:21
Ukrainian attacks continue in key southern Zaporizhzhia region
Russia reports Ukrainian tanks in the Zaporizhzhia region, while Kyiv says the "enemy is in active defence".
2023-06-09 09:59
Oil Set for Second Weekly Drop as Demand Concerns Return to Fore
Oil headed for a second weekly drop as demand concerns returned to the fore, snuffing out gains driven
2023-06-09 09:56