Xochitl Galvez to Fight AMLO’s Party for Mexico Presidency
Mexico’s opposition coalition will choose Xochitl Galvez as its presidential candidate to the 2024 election, pitting the strong-willed
2023-08-31 09:57
George Santos arrested in New York after surrendering himself to authorities
George Santos has been arrested after surrendering himself to authorities at a federal court on Long Island on Wednesday morning. The congressman for New York’s third district, who won his election after a campaign that was littered with lies about his past, was arrested shortly after 9am. He slipped past dozens of reporters to enter via a backdoor of the building. The indictment, which was unsealed on Wednesday, alleges a series of fraudulent schemes over several years. Mr Santos has been charged with seven counts of wire fraud, three counts of money laundering, one count of theft of public funds, and two counts of making materially false statements to the House of Representatives. “Taken together, the allegations in the indictment charge Santos with relying on repeated dishonesty and deception to ascend to the halls of Congress and enrich himself,” Breon Peace, the US attorney for the Eastern District of New York, said in a statement. The arrest represents a rapid rise and fall for a man his own constituents decried as an “imposter,” but whom national Republicans utilised in order to bolster their narrow majority in the House. In the 13-count indictment, federal prosecutors accused Mr Santos of lying on financial disclosure forms he filed to the House when he became a candidate, first by overstating his income from one job and failing to disclose income from another, and secondly by lying about his earnings from his company, the Devolder Organization. Prosecutors also allege that Mr Santos fraudulently used donations to his political campaign for his own benefit, spending “thousands of dollars of the solicited funds on personal expenses, including luxury designer clothing and credit card payments.” The indictment alleges that Mr Santos’s fraud began before his successful run for Congress, accusing him of running an unemployment insurance fraud scheme in which he applied for government assistance in New York while still employed by a Florida-based investment firm. The sweeping charges follow a steady drumbeat of revelations about Mr Santos in the press dating back to his campaign. Mr Santos was elected to represent New York’s 3rd Congressional District in November 2022, defeating Democrat Robert Zimmerman by a margin of 54 per cent to 46 per cent. Soon after that victory, it emerged that Mr Santos had lied about much of his personal history and work experience. A New York Times investigation found that he had lied about working for Citigroup and Goldman Sachs, lied about the college he attended, fabricated an animal charity, that the company from which he had earned a salary of $750,000 and dividends of $1m did not have any online presence, lied about saying he lost four employees in the Pulse nightclub shooting in Orlando, Florida, in 2016, and that he faced criminal charges in Brazil for cheque fraud. The revelations set off a firestorm in his district. A local pressure group started by local citizens was formed with the aim of forcing Mr Santos from office. Concerned Citizens of NY03 held regular protests outside his campaign office and called on Republican leaders to expel him from Congress. But Republican House majority leader Kevin McCarthy — the person with the power to call the vote — refused to do so, instead leaving his fate to the House Ethics Committee. Reacting to news that charges were imminent on Tuesday, Mr McCarthy signalled that Mr Santos would be allowed to continue serving in Congress. “I’ll look at the charges,” he told reporters. “If a person is indicted, they’re not on committees. They have the right to vote, but they have to go to trial.” On Wednesday, Concerned Citizens of NY03 renewed their call for Mr McCarthy to expel Mr Santos. “The world has known for months that Santos is a liar, an imposter, a criminal. The only thing we didn’t know was which of his many crimes would be prosecuted first. It’s beyond time for Speaker Kevin McCarthy to withdraw his support for Santos and show him the door,” the group said in a statement. Since Mr Santos was sworn into office in January, revelations about his past have continued to emerge. The most recent report found that Mr Santos was charged with writing bad checks to purchase puppies from Amish farmers in 2017. That case was dismissed after Mr Santos claimed his checkbook had been stolen, and that someone else had taken the dogs. Mr Santos, 34, has apologised for what he described as “résumé embellishment,” but has refused to resign. Read More George Santos: Every lie disgraced Republican Congressman has been accused of making In George Santos’s district, setting of The Great Gatsby, cries of ‘imposter’ abound From resume lies to criminal charges: A timeline of George Santos’ many scandals Can George Santos still serve in Congress even if he is convicted? Kevin McCarthy dodges questions about George Santos and Donald Trump
2023-05-10 23:24
Hacker Who Robbed Crypto Laundering Service Tornado Cash Uses It to Mask Loot
A hacker who took control of the sanctioned crypto mixer Tornado Cash has relinquished power over the service
2023-05-29 18:55
China’s State Developers Warn of Major Losses as Crisis Spreads
China’s state-owned property developers are warning of widespread losses, fueling concerns that the housing crisis is expanding from
2023-08-18 07:56
US Federal Pension Fund to Exclude Hong Kong Investments
The main US federal government pension will exclude investments in Hong Kong, in addition to mainland China, for
2023-11-15 14:59
Daniel Noboa, banana empire heir to Ecuador's youngest president
At the age of 35, Ecuador's president-elect Daniel Noboa is fulfilling the political dreams of his banana tycoon father, who failed five...
2023-10-16 09:58
A Weight Loss Startup Touting Mindfulness, Noom Is Now Prescribing Drugs
Noom Inc., a startup that for years has touted a psychological path to weight loss, is now ready
2023-05-24 23:51
US bond funds suffer outflows on rate worries; money market funds gain traction
U.S. bond funds saw significant outflows in the week ending Oct. 4, driven by concerns about prolonged elevated
2023-10-06 20:29
China’s Contagious Crisis, Singapore Fun: Saturday Asia Briefing
With Max Verstappen and Post Malone among the thousands descending on Singapore for its preeminent tourism event, the
2023-09-16 12:52
A price cap on Russian oil aims to starve Putin of cash. But it's largely been untested. Until now
Prices for Russian oil have risen well above a price cap imposed by Western allies as part of sanctions over the invasion of Ukraine
2023-10-23 14:46
Hugo Boss Q3 sales match market expectations
(Reuters) -German fashion house Hugo Boss reported third-quarter sales and operating profit in line with market expectations on Thursday, citing
2023-11-02 14:52
Japan ruling LDP offers proposals for Kishida's economic package, but no income tax cuts
TOKYO Lawmakers from Japan's ruling Liberal Democratic Party (LDP) gave a list of proposals to Prime Minister Fumio
2023-10-17 15:54
You Might Like...
Biggest African Bank Cites Energy Needs in Fossil Fuel Defense
Russia’s Oil and Gas Revenue Shrank by Over a Third in May
Airlines seek extension to minimum flight requirements cuts at NYC-area airports
UBS to take in Credit Suisse CEO as merger closes in 2 weeks
Tech CEO killed in Baltimore remembered as dedicated, compassionate entrepreneur
Zurich Insurance price hikes help it weather climate storms
Smartsheet Names Khozema Shipchandler to Board of Directors
Macy's puts up strong third quarter numbers, raises top end of full-year revenue and profit outlooks
