New York probing whether Donald Trump and the Trump Organization manipulated asset values

first_imgAlan Garten, chief legal officer for the Trump Organization, where Eric Trump is an executive vice president, said the company has tried to cooperate with James, a Democrat, as the Republican Trump seeks a second term in office.”The Trump Organization has done nothing wrong,” Garten said. “The NYAG’s continued harassment of the company as we approach the election (and filing of this motion on the first day of the Republican National Convention) once again confirms that this investigation is all about politics.”James said she began her probe after Donald Trump’s former personal lawyer and fixer Michael Cohen said in Congressional testimony that the president’s financial statements inflated some asset values to save money on loans and insurance, and deflated other asset values to reduce real estate taxes.She also said Eric Trump was “intimately involved” in one or more transactions being reviewed, and had “no plausible basis” to refuse to testify pursuant to a subpoena. The New York state attorney general is investigating whether Donald Trump and the Trump Organization improperly manipulated the value of the US president’s assets to secure loans and obtain economic and tax benefits, and said Trump’s son Eric has been uncooperative in the civil probe.The disclosure was made in a filing on Monday with a New York state court in Manhattan, where Attorney General Letitia James is demanding that the Trump Organization, Eric Trump and others comply with subpoenas from her office.Lawyers for the attorney general said the subpoenas were issued as part of her “ongoing confidential civil investigation into potential fraud or illegality,” adding there has been no determination that any laws were broken. Four properties are being probed, with a particular focus on a 212-acre (85.8 hectare) property in northern Westchester County, north of New York City, called the Seven Springs Estate.James is examining an apparent $21.1 million tax deduction for Seven Springs for 2015 from the donation of a “conservation easement,” following Donald Trump’s two-decade failure to build a golf course or residential housing on the property.Other properties being probed include 40 Wall Street in downtown Manhattan, the Trump National Golf Club in Los Angeles, and the Trump International Hotel and Tower in Chicago.The attorney general said the latter property, which towers a quarter-mile over the Chicago River, has been “omitted” from Donald Trump’s “Statement of Financial Condition” since 2009.James said “significant amounts” of subpoenaed materials have been produced but there is an impasse over other materials.”For months, the Trump Organization has made baseless claims in an effort to shield evidence from a lawful investigation into its financial dealings,” James said. “They have stalled, withheld documents, and instructed witnesses, including Eric Trump, to refuse to answer questions under oath.”In separate litigation, Donald Trump for a year has been fighting to block Manhattan District Attorney Cyrus Vance from enforcing a subpoena seeking eight years of his tax returns, in connection with a criminal probe.A federal appeals court will hear Trump’s arguments on Sept. 1, after a judge refused to void Vance’s subpoena. The US Supreme Court ruled last month that Trump does not deserve immunity from Vance’s probe. center_img Topics :last_img read more

Arsene Wenger identifies the two ‘big mistakes’ Leipzig made in Champions League semi-final defeat to Paris Saint-Germain

first_imgGulacsi was punished after his pass with cut out by PSG midfielder Herrera (Picture: Getty)Peter Gulacsi was largely to blame for PSG’s second goal after playing a wayward ball straight to Ander Herrera in the build-up to Di Maria’s strike and Wenger hit out at the goalkeeper for a lack of game awareness.Asked whether it was a mistake from Gulacsi, Wenger replied: ‘Yes, a big one.‘Because you have to think that it was 41 minutes played and Leipzig were struggling a little bit.‘The goalkeeper has to think then, “Let’s go 1-0 at half-time” and not take a huge gamble.‘He didn’t adapt his game at all to the situation and 2-0 was too big a hurdle for them.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalWenger hopes the success of PSG and Lyon in this year’s competition will help improve Ligue 1’s reputation across Europe.‘PSG have carried the failures of a few years, going out in unexpected situations, especially against Barcelona,’ he added.‘Overall, I would say that will change the way people will look at them and even the French championship because we have Lyon as well.‘Lyon are not even qualified for Europe next season if they don’t win the Champions League and they are still in the last four, having knocked out Juventus and Manchester City.‘It will change the way people look at the French championship.’Who will win this year’s Champions League?PSG0%Bayern Munich0%Lyon0%Share your resultsShare your resultsTweet your resultsFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram. AdvertisementAdvertisementFor more stories like this, check our sport page.MORE: Thomas Tuchel reveals why he clashed with Leipzig coach after PSG’s Champions League semi-final winMORE: Neymar, Kylian Mbappe and Angel Di Maria react after PSG thump RB Leipzig to reach Champions League final PSG swept Leipzig aside to reach the Champions League final (Picture: Getty)Arsene Wenger believes Leipzig were the architects of their own downfall in their 3-0 defeat to Paris Saint-Germain, gifting the opposition their two opening goals with a pair of ‘big mistakes’ in Lisbon.PSG took a giant step towards the Champions League final in a one-sided first half as Angel Di Maria set up Marquinhos’ header to break the deadlock before getting on the scoresheet himself in the 42nd minute.Neymar and Kylian Mbappe continued to terrorise Leipzig’s tiring defenders after half-time and the pressure soon told as Juan Bernat nodded home to extend PSG’s advantage at Benfica’s Estadio da Luz. Advertisement Advertisement Former Arsenal boss Wenger discussed the game for beIN SPORTSIn his post-match analysis for beIN SPORTS, ex-Arsenal manager Wenger insisted the French champions deserve enormous credit for reaching the final for the first time in their history but criticised Leipzig for the way they imploded in the first half.AdvertisementAdvertisementADVERTISEMENT‘In football it’s about finding your strengths and removing the strengths of your opponent and I think Leipzig overthought a little bit to do that,’ he said.‘They didn’t disturb the game of Paris Saint-Germain. Individually, PSG are much too strong so Leipzig missed the first half.‘At half-time, it was impossible for them to score two goals and qualify because they have no real goalscorers.’ Marquinhos broke the deadlock with a powerful header in the 13th minute (Picture: Getty)On Marquinhos’ opening goal, Wenger said: ‘You could see that they opened the goal too much. ‘The distance between the two defenders on the near post is far too big and they opened the space for Marquinhos.‘Marquinhos is far too good in the air, even if he’s not tall.‘They made a huge mistake there, tactically.’ Metro Sport ReporterWednesday 19 Aug 2020 10:21 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link7.9kShares Arsene Wenger identifies the two ‘big mistakes’ Leipzig made in Champions League semi-final defeat to Paris Saint-Germain Commentlast_img read more

Germany pursues sustainable finance plan for EU presidency

first_imgAs it gears up to assume the EU presidency in July, the German government is getting input from a hard-working committee of experts that was assembled to help it develop and implement a sustainable finance strategy.The Sustainable Finance-Beirat, as it is known, delivered its interim report in early March. A consultation on the report closed yesterday, after the initial deadline was extended due to the COVID-19 pandemic, while the final report is still expected for this autumn.“We were told from the beginning to deliver the first results of our work because Germany will want to present them to the EU members and to promote regulations at the EU level on sustainable finance,” Karin Bassler, managing director of the working group for church investors in the German Protestant Church (AKI) and member of the Beirat, told IPE.She said the committee, with members and observers with different roles, was an “innovative instrument” and that its composition has had a positive impact on the work it has done. The committee, which was established by the ministry of finance and the environment, and coordinates closely with the ministry for economic affairs, includes representatives of the financial industry, the real economy, civil society and science.Silke Stremlau, member of the management board at Hannoversche Kassen, a multi-entity group including occupational pension providers, is also on the committee, and said: “In Germany we have a very heterogeneous market with strong lobbyists, and the committee has to fight to stop the lobbyists and to advise the government.”Stremlau hopes that the government will listen to the knowledge of the experts instead of to the lobbyists because the finance industry is in some respect ahead of the curve.“For example, we demand a CO2 price that has a function of guidance and the internalisation of external costs,” she said. ”We need real prices for products and I hope that the politicians will be brave so that the market can also adequately react.”Sustainable stimulusFor some, the virus outbreak is an opportunity to remind the government to align stimulus programmes for the economy to climate targets and the United Nations’ Sustainable Development Goals.“I hope that COVID-19 has a catalyst function to accelerate the reorganisation of the economy and to connect the rescue packages with climate and sustainability goals on both the national and the EU level,” Bassler said.Thomas Jesch, managing board member of the institutional investor group Bund Institutioneller Investoren (BII), told IPE it would be difficult to put in place measures to support the economy and link those measures to environmental, social and governance (ESG) policies in a short amount of time.“The problem is the timeline, but we cannot forget ESG policies during this time of crisis,” he added. “This is also an impulse that comes from the EU, with special emphasis on climate-related legislation,” he added.In its interim report, the committee already suggested ways to transform the economic and financial system for the benefit of sustainability. For financial investors, it suggested providing certainty through a CO2 price, the use of science-based, forward-looking analyses and stress tests.The committee also recommended an expansion of the range of sustainable financial products.Jesch said: “From our point of view, capital investment must be a successful investment, for the insurance holders and for who receives the pension, and we cannot put the return against sustainability.”Green bubble considerationsIn a recent statement, the German Association of Actuaries (DAV) warned that while demand for green investments was ever growing, there was a limited supply of sustainable investment opportunities.Guido Bader, DAV’s president and a member of the sustainable finance committee, said politicians and supervisors had to take care not to let a bubble in green investments form.Asked about this, Bader told IPE that DAV welcomed all “serious” sustainable investment opportunities, which would include green bonds issued by federal government, federal states, municipalities or institutions such as the state-owned KfW Bank.“Only when there is a sufficient volume of safe, long-term sustainable investments can we discuss obliging more sustainable investment from institutional investors,” he said, adding that without such a “sufficient investment universe”, the prices for sustainable investments would inevitably rise and the feared bubble would materialise.In Stremlau’s view, companies are starting to adjust to the new environment and develop new business models as a reaction to political decisions that sometimes take too long to come, for example on the price for CO2 emissions, but also clear signals towards sustainability from the EU.“I don’t think that there is a bubble of green products,” she said.Jesch added: “It is always important to take in consideration the underlying project in Germany or at the EU level with SDGs and PRI criteria. The bubble of green products can happen if projects are labelled as green, but they are not green. We have to avoid a bubble through establishing strict definitions for green bonds.”Stremlau said that pension funds focusing on long-term investments must look at trends and topics that have an impact globally, and to companies that already successfully tackle them.“This is why I think sustainable finance is very important, because it looks at the topics of the future, the opportunities, and the risks. It is an arduous process because we don’t have all the data, but for the future, we look intensively at suitability, we invest in all asset classes and long-term,” she said.Looking for IPE’s latest magazine? Read the digital edition here.last_img read more

ScotWind leasing on schedule despite COVID-19

first_imgAs reported, Crown Estate Scotland plans to launch the ScotWind leasing after the publication of Marine Scotland’s draft Sectoral Marine Plan (SMP). Crown Estate Scotland emphasized it will ensure that any such launch fully adheres to the relevant government guidance on preventing the spread of the virus. “Clearly, we are aware that the current COVID-19 situation may potentially increase the time that organizations require in order to submit applications to ScotWind Leasing. As a result, we will take this into account when we confirm the timescale and next steps for the process, which we hope to do in the coming weeks,” Crown Estate Scotland stated.center_img Crown Estate Scotland is planning to officially launch the ScotWind seabed leasing round for offshore wind projects in spring as previously stated, despite COVID-19.last_img read more

Douglas Pratt: Better to celebrate our differences

first_imgNZ Herald 1 March 2013…Marriage is a term that applies to a particular form of heterosexual relationship. Obviously, homosexual identity and relationship is not the same as heterosexual. To juxtapose the two terms is to commit non-sense. It is to say, in effect, “homosexual-heterosexual”. The term gay marriage is an oxymoron. Proponents of gay marriage stress the goal of equality. But if a gay couple think that getting married will confer a quality of gender-neutral relationship and commitment previously lacking, they are mistaken. For marriage is not, and can never be, a gender-neutral state of affairs.As Ron Hay (Dialogue, February 25) correctly notes, the proposal to apparently “extend” the provisions of the Marriage Act to include homosexual couples is a sleight-of-hand, for it will require a wholesale redefinition that will detract from the distinctiveness of both heterosexual and homosexual relationships.We can see this clearly when considering what constitutes the act of getting married. All legal marriages require a set of conditions and a minimal formula of words that each party publicly utters. There are four essential elements to the act of getting married. The first is that the couple declare their free intention, typically by saying yes to a question posed by the celebrant. Then there is the saying of a vow, which must meet the legal minimum of each stating to the other words to the effect that he becomes her husband and she becomes his wife. The language is all about a gender-specific relationship.The saying of the vow is usually symbolised by the giving, or exchange, of a ring. Then the celebrant pronounces that the couple are married – “I pronounce you to be husband and wife” – and, again, the language used is relational, not institutional. It is not about entering or creating an institution called marriage; it is about establishing a unique relationship of marriage. This is followed by the signing of the marriage certificate and, if appropriate, the register, which the couple do as bride and groom.Before this sequence of events commenced the couple were two single persons. Each has taken on a role and identity with respect to the other – the female becomes “wife” and the male becomes “husband”. There is no reason why gay couples could not undertake some similar ceremony of equal value to that of marriage, but logically it cannot be the same thing. For the terms of marriage are the gender-specific relational terms of man/woman, groom/bride, husband/wife. The act of getting married reflects this. If it does not, then it is not marriage.I am all for gays enjoying equality before the law together with straights, but the simplistic identification of equality with sameness that tends to dominate the debate is a travesty of logic. A banana and an apple are equally fruit, but they are not the same thing. Marriage is a union of male and female. Whatever may be designated as the union of homosexual commitment is an equally committed relationship. But the two are not the same thing. read more

West Harrison man arrested after device explodes in home

first_imgWEST HARRISON, Ind. — A West Harrison man has been arrested after an explosion came from his home.According to Police, Bradley Back, 29, is facing charges of Possession of a Destructive Device or Explosive, two counts of Manufacturing a Destructive Device, and Criminal Recklessness.Police say crews were called to Back’s residence after neighbors heard an explosion.Fire crews cleared the home and noticed the walls had been blown out over 5 inches from the pressure.Police determined the explosion came from a homemade explosive device with the capability to hold shrapnel.Investigators discovered that Back and his girlfriend recently broke up and the device may have been inside of a gift bag.The terms “SUV fuel line” and “mafia hit” were found in Back’s online search history.Bond was set at $500,000 surety and $250,000 cash.last_img read more

Boca Raton elementary school student tests positive for coronavirus

first_imgHealth department spokesman Alex Shaw later confirmed that the 6-year-old child was the same student who tested positive.6-year-old boy from Palm Beach County among Florida residents with coronavirus A student at Del Prado Community Elementary School has tested positive for the coronavirus.The school’s Principal, Sari Myers, sent a letter to parents Thursday morning notifying them of the situation, a day after the Florida Department of Health in Palm Beach County said a 6-year-old child was diagnosed with coronavirus.Myers said the child hasn’t been on campus since last Friday and was tested Tuesday. Meyers said she has notified all the parents of each student in the child’s class.last_img

Football Notebook: Deal, UW running game prepared for first Big Ten battle of season

first_imgAs the Wisconsin football team prepares for their Big Ten opener against Iowa Saturday, they are well aware of the physicality and toughness the Hawkeye defense will bring.This is especially true for the team’s running game, as they’ll be going up against an Iowa defensive front that has given up just 84 rushing yards per game this season thus far.Running backs coach John Settle made sure both of his running backs knew what they were going up against Saturday.“I told them this morning: Be prepared to be sore on Sunday,” Settle said. “It’s going to be a physical matchup and when you come to Wisconsin, you’re going to play those kinds of games.”While both redshirt junior Dare Ogunbowale and redshirt freshman Taiwan Deal have each been very effective running the ball over the past three weeks — combining for a total of 541 yards — Big Ten opponents present a much bigger challenge than any of their previous three have.For Settle, he feels as though the way Deal is built as a 220-pound back makes him the ideal Big Ten tailback, despite the fact that he has only appeared in four career games.Let’s make a Deal: Redshirt freshman continues to take advantage of unexpected opportunityThe first time Wisconsin football fans got to see redshirt freshman tailback Taiwan Deal in action was the team’s 2015 Read…“In my mind, [the way he’s built] does help,” Settle said. “I think this is a conference where you must be physical, be a back that can bring the physicality to defenders and absorb some blows.”And while Deal’s physical nature may make him better suited for bigger defensive fronts in the Big Ten, that does not mean he will be shouldering the entire load by himself as the team moves forward without starting running back Corey Clement for the next month or so.Both Deal and Ogunbowale will be featured in the running game, as Settle has found that the two compliment each other far too well to feature just one of them.“Well, you like to have a No.1, but we are at the position now where the season started and you got two guys that compliment one another,” Settle said. “The two guys together, they give us a great opportunity to be productive.”No matter the amount of carries Deal takes Saturday, he feels as though his time on the field has all been leading up to this moment.He will be prepared for whatever Iowa brings his way.“They got some big guys, a stout defensive line, but I’m just waiting to see what happens [and] how we match up,” Deal said. “It’s going to take a lot of preparation through the week for us to come out and have a good game on Saturday.”Ground and poundComing into the season, Wisconsin coaches saw Clement as a guy they could rely on to make big plays as a running back, something the team has had a luxury of having over the past few years with guys like Montee Ball and Melvin Gordon.But with Clement undergoing sports hernia surgery, and both Ogunbowale and Deal working to get more comfortable playing the position, the team has maintained an efficient ground and pound attack.They have not been a team that relies on big plays, and as Big Ten play approaches, UW appears to be set on that identity.“We’re probably not going to be a big-play offense,” Settle said. “But we are going to be an offense that can sustain drives.”While explosive plays that gain big yards are obviously beneficial to a team, as they help build momentum and, most importantly, put points up on the scoreboard, they aren’t a necessity for this Wisconsin offense.For offensive coordinator Joe Rudolph, those big plays will come with time, but for now, the offense has to keep pressing the ball down the field and finishing with a score.“If you score at the end, it’s good, but it is always nice to get a couple of those explosive plays,” Rudolph said. “I think that’s got to be part of what you’re doing, so I look forward to that developing more and more as we go along.More than a gameIf you ask almost any UW player, they will likely say that Saturday’s matchup against Iowa is just another game for them.Even a young player, like Deal, who has never been on the field against a Big Ten opponent, will tell you that his mindset won’t change.“I pretty much see every opponent the same,” Deal said. “I’m just going to go out and run hard.”But for Rudolph, who has seen plenty of the Hawkeyes from serving nine years as a coach in the conference, Saturday’s battle for the Heartland Trophy needs to be looked at as more than another game.“I think it means a ton, and I don’t see how it couldn’t mean more,” Rudolph said. “This is Iowa. It’s a huge game.”Football: Badgers veterans ready for physical game against IowaWhen Michael Caputo thinks of the Big Ten, he thinks of Wisconsin and Iowa — not because of geography, but Read…Rudolph elaborated on the fact that there are not going to be a ton of surprises Saturday, as each of the programs are aware of what the other brings to the table. This adds to the rivalry and the typically physical nature of the game between the two schools.But with that rivalry, there is also plenty of mutual respect.‘We have a ton of respect for their program,” Rudolph said. “We are both programs that are built in similar ways and the teams truly take pride in that.”last_img read more

Malta MGA follows UKGC lead suspending

first_imgShare UKGC hails ‘delivered efficiencies’ of its revamped licence maintenance service  August 20, 2020 Winning Post: Swedish regulator pushes back on ‘Storebror’ approach to deposit limits August 24, 2020 UKGC launches fourth National Lottery licence competition August 28, 2020 Related Articles The Malta Gaming Authority (MGA) follows the UK Gambling Commission (UKGC) in suspending the B2C licence of incumbent Stakers Limited, operator of Stakers.comIssuing a statement on 10 March, the MGA declared an immediate ‘enforced suspension’ of Stakers licence, prohibiting the operator from servicing any wagering activities under its jurisdiction.“Stakers Limited is thus no longer authorised to carry out any gaming operations, register new players or accept new customer deposits, but is required to retain and provide all registered players with access to their player accounts, and to refund all funds standing to the credit of players in line with the applicable law.” The MGA details in its enforcement statement.Citing ‘a number of compliance issues’ on 5 March, the UKGC sanctioned an ‘interim suspension’ of Stakers UK licence, enforcing section 116 and 118 of the Gambling Act 2005.In its enforcement note, the UKGC detailed that it had suspended Stakers as an operator ‘unsuitable to carry on the licensed activities’ and placing the incumbent’s licence ‘directly under review’.Responding to the suspension, Stakers management have publicly criticised the UKGC’s decision on its website, asking players to sign a petition citing the All-Party Parliamentary Group (APPG) recent description of the UKGC as ‘Not Fit For Purpose?’Switzerland-based Stakers maintains that player funds are secure and fully protected.“This sanction is being imposed upon Stakers Limited in light of the suspension of their United Kingdom licence, thus the recognition thereof for its use in/from Malta is equally suspended.” The MGA cites closing its statement. Submit StumbleUpon Sharelast_img read more

Alpena Police Department Discovers Another Meth Lab

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisThe Huron Undercover Narcotics Team, along with members of the 7th District METH Response Team and the Alpena Fire Department have cracked down on yet other meth case in the city of Alpena.According to the Alpena Police Department Chief, Joel Jett, police received a tip on Saturday August, 5th that a possible meth lab was being produced inside of a home located at the 100th block of N. 8th Street.After an investigation was launched along with a search warrant, several items used to create meth were detained. According to Jett, the investigation is still ongoing and a report is pending and has been submitted to the Alpena County prosecutor’s office for review.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: conspiracy to manufacture methamphetamine, METH, Meth Arrest, Meth BustContinue ReadingPrevious National Heat Stroke Awareness Day Reminds Parents of Dangers of Leaving Child in CarNext Hal Neiman of Neiman’s Family Market Throwing in the Towel and Retiringlast_img read more