List of All Articles with Tag 'li'

MANILA The Philippine economy expanded 6.4% in the first quarter from a year earlier, the statistics agency said

Walt Disney Co. Chief Executive Officer Bob Iger suggested he would like to keep the Hulu streaming service

Rep. George Santos has been charged in a federal criminal probe that -- from a legal standpoint -- won't affect his status as a member of Congress but will ensnare him in a potentially yearslong court process that could result in a sentence of several years in prison.

As leaders in Washington fail to make progress on a debt ceiling deal, Moody's Analytics is warning of disastrous implications for American jobs if the United States defaults on its debt for an extended period.

George Santos described criminal charges against him as a “witch hunt” in a defiant press conference following his arrest on Wednesday. The New York congressman spoke outside a federal courthouse after being arraigned on charges of fraud, theft of public funds and money laundering. “It’s a witch hunt,” he told a crowd of reporters. “I’m gonna fight my battle, I’m gonna deliver, I’m gonna fight the witch hunt, I’m gonna take care of clearing my name,” he said, adding that he was planning to run for reelection. The 34-year-old 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 after turning himself in to authorities. 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. “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. Mr Santos pleaded not guilty to the charges and was released on a $500,000 bond following his arraignment, which lasted for around 15 minutes. His lawyer said that the congressman surrendered his passport to the court. Mr Santos could face up to 20 years in prison if convicted. Read More Here are the 13 counts New York Rep. George Santos faces George Santos pleads not guilty to duping donors, stealing campaign cash to burnish wealthy image George Santos pleads not guilty to 13 charges – live

He is accused of laundering funds, lying to Congress and illegally receiving unemployment benefits.

The Republican lawmaker from New York faces 13 charges including fraud and theft of public funds.

Apple Inc.’s top executive in charge of its video and sports businesses is departing, according to people familiar

Senator Joe Manchin vowed to oppose President Joe Biden’s nominees to fill key positions at the US Environmental

Most older adults ages 50 to 80 say it’s important to stay in their homes for as long as they can, according to the 2022 National Poll on Healthy Aging from the University of Michigan

(Reuters) -Lithium companies Allkem Ltd and Livent Corp said on Wednesday they will combine in an all-stock $10.6 billion deal

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