Thursday - March 28, 2024
Federal Tipoffs Involving New York Newsletter for Sunday November 24, 2019 ( 35 items )  

Antitrust Division: Former Trader for Major Multinational Bank Convicted for Price Fixing and Bid Rigging in FX Market
WASHINGTON, Nov. 20 -- The U.S. Department of Justice's Antitrust Division issued the following news release: A former currency trader was convicted today in New York for his participation in an antitrust conspiracy to manipulate prices for emerging market currencies in the global foreign currency exchange (FX) market, the Justice Department announced today. Following a three-week trial in the U.S. District Court for the Southern District of New York, a jury convicted Akshay Aiyer (former Exec  more

Antitrust Division: Justice Department Files Motion to Terminate Paramount Consent Decrees
WASHINGTON, Nov. 22 -- The U.S. Department of Justice's Antitrust Division issued the following news release: As part of the Department of Justice's review of nearly 1,300 legacy antitrust judgments, the Antitrust Division today announced that it has filed in the District Court for the Southern District of New York a motion to terminate the Paramount Consent Decrees, which for over 70 years have regulated how certain movie studios distribute films to movie theatres. After a thorough review, in  more

Brookhaven National Laboratory: Turning Up the Heat to Create New Nanostructured Metals
UPTON, New York, Nov. 20 -- The U.S. Department of Energy's Brookhaven National Laboratory issued the following news release: Scientists have developed a new approach for making metal-metal composites and porous metals with a 3-D interconnected "bicontinuous" structure in thin films at size scales ranging from tens of nanometers to microns. Metallic materials with this sponge-like morphology--characterized by two coexisting phases that form interpenetrating networks continuing over space--could  more

Brookhaven National Laboratory: University of Maryland, Baltimore County Wins 2019 National CyberForce Competition
UPTON, New York, Nov. 18 -- The U.S. Department of Energy's Brookhaven National Laboratory issued the following news release: Today, the U.S. Department of Energy (DOE) announced the team from University of Maryland, Baltimore County as the national winner of DOE's 2019 CyberForce Competition(TM). CyberForce 2019 is DOE's fifth iteration of its cyber defense competition, designed to inspire and develop the next generation of energy sector cybersecurity professionals. "CyberForce brings togethe  more

Bureau of Labor Statistics Issues Consumer Expenditures for New York Metropolitan Area: 2017-18
NEW YORK, Nov. 12 -- The U.S. Department of Labor's Bureau of Labor Statistics - New York-New Jersey Regional Information Office issued the following news release: Households in the New York-Newark-Jersey City, NY-NJ-PA, metropolitan area spent an average of $70,875 per year in 2017-18, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli noted that this figure was significantly higher than the $60,580 average expenditure level for households in the United S  more

Bureau of Labor Statistics Issues Consumer Price Index for New York-Newark-Jersey City for October 2019
NEW YORK, Nov. 13 -- The U.S. Department of Labor's Bureau of Labor Statistics - New York-New Jersey Regional Information Office issued the following news release: * * * - Area prices unchanged over the month and up 1.5 percent over the year * * * Prices in the New York-Newark-Jersey City area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), were flat in October, for the third time in the past four months, the U.S. Bureau of Labor Statistics reported today. Chief Reg  more

Consumer Financial Protection Bureau Settles With Employment Background Screening Company
WASHINGTON, Nov. 22 -- The Consumer Financial Protection Bureau issued the following news release: Today the Consumer Financial Protection Bureau (Bureau) filed a proposed stipulated judgment with Sterling Infosystems, Inc. to resolve allegations that Sterling violated the Fair Credit Reporting Act (FCRA). Sterling is a privately-held Delaware corporation headquartered in New York whose primary business is to prepare background screening reports on individual job applicants to assist employers   more

Court of International Trade Issues Opinion in Changzhou Trina Solar Energy, SolarWorld Americas Case
NEW YORK, Nov. 18 -- The U.S. Court of International Trade issued the following slip opinion (Slip Op. 19-143): CHANGZHOU TRINA SOLAR ENERGY CO., LTD., ET AL., and SOLARWORLD AMERICAS, INC., Plaintiffs, and Consolidated Plaintiffs, v. UNITED STATES, Defendant, SOLARWORLD AMERICAS, INC., CHANGZHOU TRINA SOLAR ENERGY CO., LTD., and CHANGZHOU TRINA SOLAR ENERGY CO., LTD., Defendant-Intervenor and Consolidated Defendant-Intervenor. Before: Jane A. Restani, Judge Consol. Court No. 17-00246 PUB  more

Court of International Trade Issues Opinion in Habas Sinai Ve Tibbi Gazlar Istihsal Endustrisi, A.S. Case
NEW YORK, Nov. 19 -- The U.S. Court of International Trade issued the following slip opinion (Slip Op. 19-144): HABAS SINAI VE TIBBI GAZLAR ISTIHSAL ENDUSTRISI, A.S., ET AL., Plaintiff and Consolidated Plaintiffs and CHARTER STEEL and KEYSTONE CONSOLIDATED INDUSTRIES, INC., Consolidated Plaintiff-Intervenors, v. UNITED STATES, Defendant, and NUCOR CORPORATION ET AL., Defendant-Intervenors and Consolidated Defendant-Intervenors. Before: Claire R. Kelly, Judge Consol. Court No. 18-00144   more

Court of International Trade Issues Opinion in Hubbell Power Systems Case
NEW YORK, Nov. 20 -- The U.S. Court of International Trade issued the following slip opinion (Slip Op. 19-145): HUBBELL POWER SYSTEMS, INC. Plaintiffs, v. UNITED STATES, Defendant, and VULCAN THREADED PRODUCTS, INC. Defendant-Intervenor Before: Jane A. Restani, Judge Court No. 15-00312 OPINION AND ORDER [Commerce's Final Results of Redetermination Pursuant to Court Order are sustained] Kevin M. O'Brien, and Christine M. Streatfeild, Baker & McKenzie LLP, of Washington, DC, for the pla  more

EPA Proposes Plan Related to Combined Sewer Overflow Impacts on the Newtown Creek Superfund Site in New York City
NEW YORK, Nov. 21 -- The Environmental Protection Agency issued the following news release: The U.S. Environmental Protection Agency (EPA) is issuing a proposed plan that evaluates impacts of the current and expected future volume of combined sewer overflow (CSO) discharges to the Newtown Creek Superfund Site Study Area in New York City. EPA added Newtown Creek to its Superfund National Priorities List of the country's highest priority hazardous waste sites in September 2010, and investigations  more

EPA Provides Funds to Reduce School Bus Diesel Emissions in Bay Shore, N.Y.
NEW YORK, Nov. 19 -- The Environmental Protection Agency issued the following news release: Today, the U.S. Environmental Protection Agency (EPA) is announcing the successful utilization of a $695,509 grant awarded to the Bay Shore school district in Bay Shore, New York to replace four diesel-powered school buses with 100% electric-powered school buses and install charging stations. EPA Deputy Regional Administrator Walter Mugdan made the announcement at a ceremony held today in Bay Shore, join  more

Federal Reserve Announces College Fed Challenge Winners
WASHINGTON, Nov. 22 -- The Federal Reserve issued the following news release: Pace University won the 16th annual national College Fed Challenge on Friday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve. The team, from New York, New York, represented the New York Federal Reserve District and included Scarlett Bekus, Joseph Drennan, Sean Freda, Marissa Kleinbauer, and Dylan Seals. The team's faculty adviser was G  more

Goodwill Industries to Pay $65,000 to Settle Disability Discrimination Lawsuit
NEW YORK, Nov. 18 -- The Equal Employment Opportunity Commission issued the following news release: * * * - Nonprofit Refused to Provide Accommodations for Janitor with Cognitive Disability, Federal Agency Charged * * * Goodwill Industries of Greater New York and Northern New Jersey, Inc., which provides job opportunities to people with disabilities, will pay $65,000 and furnish other relief to settle a disability discrimination lawsuit brought by the U.S. Equal Employment Opportunity Commis  more

John R. Buran Re-elected Chairman of Federal Home Loan Bank of New York
NEW YORK, Nov. 21 -- The Federal Home Loan Bank of New York, a district bank in the Federal Home Loan Bank System, issued the following news release: The Federal Home Loan Bank of New York (FHLBNY) announced today that John R. Buran has been re-elected by its Board of Directors (https://www.fhlbny.com/about-us/leadership/#board-of-directors) (Board) to serve as the Board's chairman for a two-year term that will commence on January 1, 2020. Mr. Buran, who is president and CEO of Flushing Bank, h  more

Justice Department: District Court Enters Injunction Against New York Company, Corporate Officials to Prevent Adulteration of Food Products
WASHINGTON, Nov. 22 -- The U.S. Department of Justice issued the following news release: The Department of Justice announced today that the U.S. District Court for the Eastern District of New York entered an injunction against Foo Yuan Food Products Company Inc. (Foo Yuan) of Long Island City, New York, its owner and president Hsing Chuang, and its secretary Susan Chuang. The injunction permanently enjoins the defendants from preparing, processing, and distributing food products without first t  more

Justice Department: Owner of Long Island Painting Firm Sentenced to Prison for Tax Evasion
WASHINGTON, Nov. 21 -- The U.S. Department of Justice issued the following news release: * * * - Evaded Over $1 Million in Income and Employment Taxes * * * A Long Island, New York, business owner was sentenced to 12 months and one day in prison today for tax evasion, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department's Tax Division. According to documents filed in this case and statements made in court, Warren J. Krotz, 62, of Huntington, N  more

Justice Department: Owner of Long Island Tax Preparation Business Sentenced to Prison for Preparing False Returns
WASHINGTON, Nov. 22 -- The U.S. Department of Justice issued the following news release: A former tax return preparer was sentenced to 24 months in prison today for aiding in the preparation of a false tax return, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman of the Justice Department's Tax Division. According to court filings and statements made in court, Mariano Exantus owned and operated Latrex Multi Service, a tax return preparation business located in Uniondal  more

Manhattan U.S. Attorney Announces Charges Against New Jersey Man for Causing Damage to Computer Systems of Former Employer
NEW YORK, Nov. 21 -- The U.S. Attorney for the Southern District of New York, Geoffrey S. Berman, issued the following news release: Geoffrey S. Berman, the United States Attorney for the Southern District of New York and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation ("FBI") announced today the filing of a criminal indictment against MAYUR RELE for committing computer fraud and abuse by causing ransomware to be intentional  more

Manhattan U.S. Attorney Announces Indictment, Arrest of Ophthalmologist for Healthcare Fraud
NEW YORK, Nov. 22 -- The U.S. Attorney for the Southern District of New York, Geoffrey S. Berman, issued the following news release: * * * - Government Also Files Civil Fraud Lawsuit Against Ophthalmologist and His Medical Practice * * * Geoffrey S. Berman, the United States Attorney for the Southern District of New York, William F. Sweeney Jr., Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation ("FBI"), and Scott Lampert, Special Agent in Charge of th  more

Midshipmen Attend Pilgrimage for the Sea Services
KINGS POINT, New York, Nov. 15 -- The Maritime Administration's U.S. Merchant Marine Academy issued the following news release: Midshipmen members of the United States Merchant Marine Academy (USMMA) Newman Club recently traveled to Emmitsburg, Md., for the Annual Pilgrimage of the Sea Services. The Newman Club, named after Saint John Henry Newman, who was canonized a saint just this past weekend, is USMMA's Catholic Club. The pilgrimage, was held at the National Shrine of Saint Elizabeth Ann   more

N.Y. U.S. Attorney Announces Arrest of Individuals for Operating $6 Million Unlicensed Money Transmitting Scheme
NEW YORK, Nov. 21 -- The U.S. Attorney for the Southern District of New York, Geoffrey S. Berman, issued the following news release: * * * - The Defendants Are Alleged To Have Operated a Money Transmitting Business for the Purpose of Transmitting $6 Million of Illegal Proceeds * * * Geoffrey S. Berman, the United States Attorney for the Southern District of New York, William F. Sweeney Jr., Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation ("FBI"), an  more

N.Y. U.S. Attorney: Brooklyn Businessman Sentenced to 18 Months' Imprisonment for Defrauding Investors in Cryptocurrency Initial Coin Offerings
BROOKLYN, New York, Nov. 18 -- The U.S. Attorney for the Eastern District of New York, Richard P. Donoghue, issued the following news release: Earlier today, in federal court in Brooklyn, Maksim Zaslavskiy was sentenced by United States District Judge Raymond J. Dearie to 18 months' imprisonment for conspiring to commit securities fraud. The conspiracy stemmed from two Initial Coin Offerings (ICOs) - REcoin Group Foundation, LLC ("REcoin") and DRC World, Inc., also known as Diamond Reserve Club  more

N.Y. U.S. Attorney: CEO of Security Company Charged With Multimillion-Dollar Stock and Carbon Credit Fraud
NEW YORK, Nov. 20 -- The U.S. Attorney for the Southern District of New York, Geoffrey S. Berman, issued the following news release: Geoffrey S. Berman, the United States Attorney for the Southern District of New York, and Jonathan D. Larsen, the Special Agent in Charge of the New York Field Office of the Internal Revenue Service, Criminal Investigation ("IRS-CI"), announced today the unsealing of an indictment charging ROGER RALSTON - the CEO of DirectView, Inc., a video surveillance and secur  more

N.Y. U.S. Attorney: Correctional Officers Charged With Falsifying Records on August 9th and 10th at Metropolitan Correctional Center
NEW YORK, Nov. 19 -- The U.S. Attorney for the Southern District of New York, Geoffrey S. Berman, issued the following news release: * * * - Defendants Allegedly Created Records Falsely Attesting to Required Checks of Inmates the Defendants Never Did in the Special Housing Unit on the Night Inmate Jeffrey Epstein Committed Suicide * * * Geoffrey S. Berman, the United States Attorney for the Southern District of New York, Guido Modano, Special Agent in Charge of the Department of Justice Offi  more

N.Y. U.S. Attorney: District Court Enters Injunction Against New York Company, Corporate Executives to Prevent Adulteration of Fish Products
BROOKLYN, New York, Nov. 22 -- The U.S. Attorney for the Eastern District of New York, Richard P. Donoghue, issued the following news release: The United States District Court for the Eastern District of New York entered a permanent injunction against Foo Yuan Food Products Company Inc. (Foo Yuan) of Long Island City, New York, its Owner and President Hsing Chuang, and its Secretary Susan Chuang. The injunction permanently enjoins the defendants from preparing, processing and distributing food   more

N.Y. U.S. Attorney: Former Beaufort Securities Investment Manager Pleads Guilty to Conspiracies to Commit Securities Fraud, to Defraud U.S.
BROOKLYN, New York, Nov. 20 -- The U.S. Attorney for the Eastern District of New York, Richard P. Donoghue, issued the following news release: Earlier today, in federal court in Brooklyn, Panayiotis Kyriacou, a former investment manager at Beaufort Securities Limited, a brokerage firm in London, pleaded guilty to conspiring to commit securities fraud and to defraud the United States by failing to comply with the Foreign Account Tax Compliance Act (FATCA). FATCA is a federal law that requires fo  more

N.Y. U.S. Attorney: Former CEO of Braskem Indicted for His Role in Bribery Scheme
BROOKLYN, New York, Nov. 20 -- The U.S. Attorney for the Eastern District of New York, Richard P. Donoghue, issued the following news release: * * * - Approximately $250 Million Allegedly Diverted from Braskem Through a Secret Slush Fund to Pay Bribes to Government Officials and Political Parties in Brazil * * * An indictment was unsealed today in federal court in Brooklyn charging Jose Carlos Grubisich, the former Chief Executive Officer (CEO) of Braskem S.A. (Braskem), a publicly traded Br  more

N.Y. U.S. Attorney: Former Partner of Locke Lord Convicted in Court of Conspiracy to Commit Money Laundering, Bank Fraud
NEW YORK, Nov. 21 -- The U.S. Attorney for the Southern District of New York, Geoffrey S. Berman, issued the following news release: Geoffrey S. Berman, the United States Attorney for the Southern District of New York, and Cyrus R. Vance Jr., the District Attorney for New York County, announced the conviction today of MARK S. SCOTT, following a three-week trial before the Honorable Edgardo Ramos. SCOTT, a former equity partner at the law firm Locke Lord LLP, laundered approximately $400 million  more

Pa. U.S. Attorney: Two Delaware County Men Charged in $21 Million Insurance Financing Fraud Scheme
PHILADELPHIA, Pennsylvania, Nov. 21 -- The U.S. Attorney for the Eastern District of Pennsylvania, William M. McSwain, issued the following news release: United States Attorney William M. McSwain announced that Christopher Hogg, 61, of Bryn Mawr, PA, and Rennie Rodriguez, 52, of Broomall, PA were arrested and charged by complaint with conspiracy to commit wire fraud in a multi-million dollar insurance premium financing fraud scheme. Hogg was arrested in New York City on Tuesday and had his init  more

State Department Hosts Foreign Press Briefing on Developing Telecommunications Infrastructure
NEW YORK, Nov. 20 -- The U.S. Department of State issued the following foreign press center briefing by Nicholas Eftimiades, a professor at Penn State Harrisburg's School of Public Affairs, on developing telecommunications infrastructure: MODERATOR: So I'm Liz Detmeister, the director here, and with us today is Nicholas Eftimiades. So to give you a little background before we start, Mr. Eftimiades is not a U.S. Government official, and he is a former intelligence officer and an expert on China.  more

Treasury Deputy Secretary Muzinich Issues Remarks at TCH + BPI 2019 Annual Conference
NEW YORK, Nov. 21 -- The U.S. Department of the Treasury issued the following speech by Deputy Secretary Justin Muzinich at the TCH + BPI 2019 Annual Conference: "I would like to break my remarks today into three parts, all of which are relevant to financial institutions, though from different perspectives. The first will address Treasury's focus on economic growth through regulatory and tax reform. The second will examine the intersection of economic policy and national security. And the third  more

U.S. Court of Federal Claims Issues Opinion, Order Involving Israeli Yifrach
WASHINGTON, Nov. 13 -- The U.S. Court of Federal Claims issued the following reported opinion and order (Case No. 18-1340): HAVIV YIFRACH, Plaintiff, v. THE UNITED STATES, Defendant. Kenneth Foard McCallion, McCallion & Associates LLP, New York, NY, for plaintiff. Steven Michael Mager, with whom were Joseph H. Hunt, Assistant Attorney General, Robert E. Kirschman, Jr., Director, and Deborah A. Bynum, Assistant Director, Commercial Litigation Branch, Civil Division, U.S. Department of Just  more

U.S. Transportation Secretary Elaine L. Chao Announces $12.6 Million to Three Airports in New York
WASHINGTON, Nov. 22 -- The U.S. Department of Transportation's Federal Aviation Administration issued the following news release: U.S. Secretary of Transportation Elaine L. Chao announced today that the Department of Transportation will award $12.6 million in airport infrastructure grants to three airports in the state of New York. With this announcement, the Trump Administration has invested a historic $10.8 billion in more than two thousand American airports across the United States for safet  more

USDA Invests $4.3 Million in Rural Broadband for New York Families
IRVING, New York, Nov. 21 -- The U.S. Department of Agriculture's Rural Development has issued the following news release: Today, U.S. Department of Agriculture (USDA) Deputy Under Secretary for Rural Development Donald "DJ" LaVoy announced USDA has invested $4.3 million in high-speed broadband infrastructure that will create or improve rural e-Connectivity for more than 1,000 rural households on the Seneca Nation's Cattaraugus Territory in western New York. This is one of many funding announce  more