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Tag: U.S. Virgin Islands

  • US Virgin Islands seeks to subpoena Elon Musk in Jeffrey Epstein lawsuit

    US Virgin Islands seeks to subpoena Elon Musk in Jeffrey Epstein lawsuit

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    NEW YORK (AP) — The government of the U.S. Virgin Islands is trying to subpoena billionaire Elon Musk for documents in its lawsuit seeking to hold JPMorgan Chase liable for sex trafficking acts committed by businessman Jeffrey Epstein.

    Musk has never been publicly accused of any wrongdoing related to Epstein, who killed himself in 2019 as he awaited sex trafficking charges in a federal jail in Manhattan.

    But over the years, there had been unconfirmed speculation — encouraged by Epstein himself — that Epstein had advised Musk on certain business matters.

    Spokespeople for Musk have denied those reports, but the government of the U.S. Virgin Islands said in a court filing that it believes Epstein may have referred or tried to refer Musk to JPMorgan as a potential client.

    The Virgin Islands, where Epstein had an estate, sued JPMorgan last year, saying its investigation has revealed that the financial services giant enabled Epstein’s recruiters to pay victims and was “indispensable to the operation and concealment of the Epstein trafficking enterprise.”

    Lawyers for JPMorgan did not immediately return messages seeking comment Monday.

    In the past, they have said victims are entitled to justice but litigation attempting to blame the financial institution for Epstein’s actions were legally meritless, directed at the wrong party and should be dismissed.

    Authorities alleged that Epstein recruited and sexually abused dozens of underage girls at his mansions in New York and Palm Beach, Florida, in the early 2000s. He had pleaded not guilty.

    Lawyers for the Virgin Islands told a federal judge Monday that they haven’t been able to locate Musk to serve him with the subpoena.

    They asked the court to serve Tesla, his electric vehicle company, instead.

    They said they hired an investigative firm to search public records databases for possible addresses for Musk and reached out to one of his lawyers by email, but received no response.

    A message sent to a lawyer for Musk seeking comment Monday was not immediately returned.

    The subpoena — one of several sent to prominent business figures — sought documents from Jan. 1, 2002, to the present reflecting communications between Musk and JPMorgan or Musk and Epstein regarding Epstein or Epstein’s role in Musk’s accounts, transactions or financial management.

    It also sought all documents reflecting or regarding Epstein’s involvement in human trafficking and his procurement of girls or women for commercial sex.

    And it sought information about fees Musk might have paid to Epstein or JPMorgan and any documents concerning communications between Musk, Epstein and JPMorgan regarding accounts, transactions or the relationship at JPMorgan.

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  • The Virgin Islands Serves Elon Musk a Subpoena in Jeffrey Epstein Case | Entrepreneur

    The Virgin Islands Serves Elon Musk a Subpoena in Jeffrey Epstein Case | Entrepreneur

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    Where’s Elon? That’s what government officials in the Virgin Islands want to know.

    On April 28, they tried to serve Tesla and Twitter CEO Elon Musk a subpoena for documents as part of a court case involving accused sex offender Jeffrey Epstein and mega-bank JPMorgan Chase. But the billionaire was nowhere to be found.

    “The Government contacted Mr. Musk’s counsel via email to ask if he would be authorized to accept service on Mr. Musk’s behalf in this matter but did not receive a response confirming or denying his authority,” officials said in a court filing earlier today at the United States District Court for the Southern District of New York.

    According to CNN, the Virgin Islands government has had so much trouble tracking down Musk they’ve had to hire an investigative firm.

    Musk isn’t being accused of any crimes. But the Virgin Islands attorney general’s office wants him to share “all communications between Musk and JPMorgan regarding Epstein or any role the disgraced financier played in the Tesla CEO’s financial management,” said CNN.

    Related: ‘You’re Going Way Back In Time’: Bill Gates Gets Visibly Irritated When Pressed on Epstein

    Virgin Islands vs. JPMorgan Chase

    The Musk subpoena is the latest move in a high-stakes lawsuit filed by the government of the U.S. Virgin Islands against JPMorgan Chase. The territory alleges that the bank “turned a blind eye” to evidence that Jeffrey Epstein used JPMorgan to ease sex-trafficking activities on his private island, Little St. James, until his suicide in 2019.

    The complaint says that its investigation “revealed that JPMorgan knowingly, negligently, and unlawfully provided and pulled the levers through which recruiters and victims were paid and was indispensable to the operation and concealment of the Epstein trafficking enterprise.”

    JPMorgan Chase has denied any wrongdoing and said it will vigorously defend itself against the lawsuit.

    What does any of this have to do with Elon Musk? According to Reuters, Musk may have introduced Epstein to his contacts at JPMorgan. Now the Virgin Islands wants to understand the nature of their relationship better.

    At press time, Musk had not responded to requests for comment.

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  • Judge warns JPMorgan Chase of contempt finding for slow-walking evidence in Jeffrey Epstein case

    Judge warns JPMorgan Chase of contempt finding for slow-walking evidence in Jeffrey Epstein case

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    A New York federal judge warned JPMorgan Chase that he might find the bank in contempt of court if it does not speed up in producing evidence related to late sexual offender and money manager Jeffrey Epstein for lawsuits by an Epstein accuser and the government of the U.S. Virgin Islands, CNBC has learned.

    Judge Jed Rakoff suggested in a notice that JPMorgan and two law firms representing the bank have been slow-walking in turning over documents and other evidence to plaintiffs in the case, under a process known as discovery, according to a source familiar with the notice.

    The notice comes two weeks before JPMorgan CEO Jamie Dimon is scheduled to be questioned under oath by plaintiffs’ lawyers for the civil suits, which accuse his bank of enabling and benefiting from Epstein’s alleged sex trafficking of young women.

    “The Court also wishes to note that it is concerned that JPMorgan is not moving more expeditiously to produce responsive documents,” Rakoff wrote in the notice, which has yet to appear on the public docket in the case in U.S. District Court in Manhattan.

    “While the Court appreciates the large volume of discovery that is to be completed in this case, a company as large as JPMorgan and counsel as experienced as WilmerHale and Massey & Gail should be able to move with greater speed than what was revealed by this incident,” the judge wrote, referring to the bank’s two law firms.

    “So JPMorgan is put on notice that further expedition will be needed on pain of being put in contempt of Court,” Rakoff wrote.

    A JPMorgan spokesperson had no comment on the notice.

    Jeffrey Epstein attends Launch of RADAR MAGAZINE at Hotel QT on May 18, 2005.

    Patrick McMullan | Getty Images

    Epstein, who died from a jailhouse suicide in 2019 shortly after being arrested on federal child sex trafficking charges, was a long-time customer of the bank until 2013.

    The lawsuits allege the bank allowed Epstein to remain a client despite evidence he was using millions of dollars he kept on deposit to facilitate his trafficking of girls and young women to his private island in the Virgin Islands and elsewhere.

    CNBC Politics

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    Five years before JPMorgan ended its customer relationship with Epstein, he pleaded guilty in Florida state court to soliciting sex for money from an underage girl and served 13 months in jail.

    Before his conviction, Epstein was friends with former presidents Donald Trump and Bill Clinton, as well as Prince Andrew of Britain.

    JPMorgan denies any wrongdoing, and in its own civil complaint the company has said former bank executive Jes Staley would be legally responsible for any liability arising from its relationship with Epstein.

    Staley spent three decades at JPMorgan and had close contact with Epstein — whom he considered a friend — over the years when Epstein was a customer.

    Rakoff, in a court ruling published in early May, noted that “plaintiffs allege that Mr. Staley had first-hand knowledge of Jeffrey Epstein’s sex-trafficking operation.”

    “Mr. Staley is alleged to have visited Epstein’s residences several times while that operation was ongoing, and, during these visits, observed [the Epstein accuser suing JPMorgan] ‘as a sexual trafficking and abuse victim,’” Rakoff noted.

    NBC archive footage shows Trump partying with Jeffrey Epstein in 1992

    “Plaintiffs further allege that Mr. Staley himself abused some of Epstein’s victims, including” the woman suing the bank, the judge wrote. That woman claims that “‘one of Epstein’s friends’ — whom she later identified as Mr. Staley — ‘used aggressive force in his sexual assault of her and informed [her] that he had Epstein’s permission to do what he wanted to her.’”

    In his own court filing, Staley called the accusations against him “baseless,” and he has denied knowledge of Epstein’s sex trafficking.

    Staley stepped down as CEO of British banking giant Barclays in late 2021 after an inquiry by a United Kingdom regulator into how he had characterized his relationship with Epstein to Barclays.

    If you are having suicidal thoughts or are in distress, contact the Suicide & Crisis Lifeline at 988 for support and assistance from a trained counselor.

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  • Billionaire Stephen Deckoff buys Jeffrey Epstein’s private islands

    Billionaire Stephen Deckoff buys Jeffrey Epstein’s private islands

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    Little St. James Island, one of the properties of financier Jeffrey Epstein, is seen in an aerial view near Charlotte Amalie, St. Thomas, U.S. Virgin Islands July 21, 2019.

    Marco Bello | Reuters

    An investment firm led by the billionaire Stephen Deckoff has bought two private islands in the U.S Virgin Islands previously owned by the late notorious sex criminal Jeffrey Epstein, Deckoff confirmed to CNBC on Wednesday.

    Forbes first reported that Deckoff, the founder of the private equity firm Black Diamond Capital Management, purchased the two islands for $60 million, less than half of their initial asking price.

    One of the islands was used by Epstein to sexually abuse young women for years, according to court filings.

    “Mr. Deckoff plans to develop a state-of-the-art, five-star, world-class luxury 25-room resort that will help bolster tourism, create jobs, and spur economic development in the region, while respecting and preserving the important environment of the islands,” according to a press release about the sale.

    SD Investments, which is led by Deckoff, announced the purchase.

    “A significant portion of the sale proceeds are being paid to the Government of the U.S. Virgin Islands under a previously announced settlement agreement between the government and Mr. Epstein’s estate,” the release said.

    Epstein’s estate and related entities in November agreed to pay the government of the Virgin Islands more than $105 million to settle claims of sex trafficking and child exploitation. That deal required the estate to pay the Virgin Islands half of the proceeds of the sale of the islands, Little St. James and Great St. James, and another $450,000 to address damages on Great St. James, where Epstein had razed the remnants of structures that were hundreds of years told to make room for development.

    During a brief phone interview with CNBC, Deckoff confirmed he had bought the islands.

    “No comment,” he said when asked about his plans for it.

    Deckoff then hung up.

    Little St. James covers more than 70 acres, and Great St. James is more than double the size of its neighbor.

    The purchase was reported on the same day that CNBC revealed that lawyers for the U.S. Virgin Islands and an accuser of Epstein’s will depose JPMorgan Chase CEO Jamie Dimon starting on May 26.

    The USVI and the anonymous woman accused JPMorgan in civil federal lawsuits of benefiting from Epstein’s sex trafficking of young women at his Virgin Islands property. Epstein was for years a customer of JPMorgan Chase, and had millions of dollars in deposits there.

    The bank denies the allegations in the lawsuits. But it kept Epstein as a customer until 2013, five years after he pleaded guilty to a Florida state court charge of soliciting sex for money from an underage girl.

    Multiple women have said they were raped or sexually assaulted on Little St. James, where Epstein had a mansion. They included Virginia Giuffre, who has alleged she was sexually abused there, and in other locations, by Prince Andrew, the younger brother of King Charles of Great Britain.

    CNBC Politics

    Read more of CNBC’s politics coverage:

    Andrew has denied her claim, but in February 2022 agreed to a confidential settlement with Giuffre to end a civil lawsuit against him in U.S. District Court in Manhattan.

    The USVI’s lawsuit against JPMorgan notes that Epstein “was a resident of the Virgin Islands and he maintained a residence on Little St. James, which he acquired in 1998 and in 2016 he also purchased Great St. James.”

    The islands were collectively valued at $86 million after Epstein’s death in August 2019, when the former friend of Donald Trump and Bill Clinton committed suicide in a Manhattan jail a month after being arrested on federal child sex trafficking charges.

    “The Epstein Enterprise in 1998 acquired Little St. James in the Virgin Islands as the perfect hideaway and haven for trafficking young women and underage girls for sexual servitude, child abuse and sexual assault,” the suit says.

    “Little St. James is a secluded, private island, nearly two miles from St. Thomas with no other residents,” the suit noted. “It can be visited only by private boat or helicopter … Epstein had easy access to Little St. James from the private airfield on St. Thomas, only 10 minutes away by his private helicopter, but the women and children he trafficked, abused, and held there were not able to leave without his permission and assistance, as it was too far and dangerous to swim to St. Thomas.”

    The lawsuit goes on to say that in 2016, Epstein used a straw purchaser to hide Epstein’s identity and bought Great St. James the nearest island to Little St. James.

    “By then, Epstein was a convicted sex offender,” the suit says. “The Epstein Enterprise purchased the island for more than $20 million because its participants wanted to ensure that the island did not become a base from which others could view their activities or visitors.”

    It adds: “By acquiring ownership and control of Great St. James to the exclusion of others, the Epstein Enterprise created additional barriers to prevent those held involuntarily on Little St. James from escaping or obtaining help from others.”

    Epstein’s former paramour and longtime procurer Ghislaine Maxwell was sentenced last June to 20 years in prison for recruiting and grooming teenage girls to be sexually abused by Epstein.

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  • Google founder, former Disney exec to get subpoenas in JPMorgan Epstein lawsuit

    Google founder, former Disney exec to get subpoenas in JPMorgan Epstein lawsuit

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    A mugshot of Jeffrey Epstein released by the U.S. Justice Department.

    Source: U.S. Justice Department

    Google founder Sergey Brin, former Disney executive Michael Ovitz, Hyatt Hotels executive chairman Thomas Pritzker and a fourth billionaire, real estate investor Mort Zuckerman, will be subpoenaed in a lawsuit against JPMorgan Chase by the government of the U.S. Virgin Islands related to sex trafficking by Jeffrey Epstein.

    The subpoenas were first reported Friday by The Wall Street Journal. A source familiar with the matter confirmed them to CNBC.

    The subpoenas demand communications and documents related to the bank and Epstein, The Journal noted.

    News of the subpoenas comes three days after it was reported that JPMorgan CEO Jamie Dimon will answer questions under oath in the lawsuit, which alleges that the bank ignored warning signs about Epstein for years and continued retaining him as a customer.

    Kelly Sullivan | Getty Images Entertainment | Getty Images

    Last week, the Virgin Islands in a press release noted that it “alleges JPMorgan Chase could have prevented harm and trauma faced by the survivors of Jeffrey Epstein’s heinous abuse.”

    “But instead the bank chose to look the other way on these legal matters while continuing to use their banking relationship to grow their business with new clients introduced by Epstein,” the release said.

    On March 20, Judge Jed Rakoff ruled the suit against the bank, as well as a similar one by women who say Epstein trafficked them, can proceed toward trial.

    The plaintiffs claim that JPMorgan knowingly benefited from participating in Epstein’s trafficking scheme, which transported women to his residence in the Virgin Islands so that he could sexually abuse them.

    Jamie Dimon, CEO, JP Morgan Chase, during Jim Cramer interview, Feb. 23, 2023.

    CNBC

    JPMorgan has denied allegations in the suits which are pending in U.S. District Court in Manhattan.

    The bank earlier this month sued former JPMorgan investment banking chief Jes Staley, claiming he is responsible for the suits related to Epstein.

    The bank seeks to claw back more than $80 million that it paid Staley. He quit as CEO of Barclays in 2021 after a probe by United Kingdom financial regulators over his ties with Epstein.

    A lawyer for the Virgin Islands earlier this month said in court that Dimon knew in 2008 that Epstein was a sex trafficker. That was the year that Epstein first was hit with sex crime charges in state court in Florida.

    “If Staley is a rogue employee, why isn’t Jamie Dimon?” the attorney, Mimi Liu said at the hearing,

    “Staley knew, Dimon knew, JPMorgan Chase knew” about Epstein’s criminal conduct, Liu said.

    A JPMorgan lawyer said at the time that the bank disputed those claims, “in particular the point about Jamie Dimon having any specific knowledge.” A bank spokeswoman has said, “Jamie Dimon has no recollection of reviewing the Epstein accounts.”

    JPMorgan only ended its customer relationship with Epstein in 2013.

    Epstein, a former friend of Donald Trump, Bill Clinton and Britain’s Prince Andrew, was arrested on federal child sex trafficking charges in July 2019. He killed himself a month later in a Manhattan jail cell after being denied bail.

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  • Don’t sweat it; still a chance to win $940M Mega Millions

    Don’t sweat it; still a chance to win $940M Mega Millions

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    DES MOINES, Iowa (AP) — Lottery players whose numbers didn’t hit or who forgot to even buy a ticket will have another shot at a nearly $1 billion Mega Millions prize when a drawing is held Friday night.

    The estimated $940 million jackpot has been growing for more than two months and now ranks as the sixth-largest in U.S history.

    Even as the prize grows larger, the odds of winning remain the same at one in 302.6 million.

    Elijah Kouza, assistant manager of Buscemis convenience store in the Detroit suburb of Livonia, Michigan, said the Mega Millions jackpot is drawing lots of customers.

    “When the big games get this high, that’s when people that never play the lottery got to come in,” he said. “The Mega and Power is more of a fantasy than anything. But all it takes is one.”

    At Buscemis, which sells liquor, pizza and, of course, lottery tickets, the $940 million jackpot is prominently displayed both outside and inside the store.

    Kouza said the store will sell 20-25 Mega Millions tickets on a normal Friday. Today, he’s anticipating that number to rise to triple digits.

    “It’s kind of hilarious to me, because if it’s like $100 million, people are like, ‘Nah.’ They’ll pass,” he said.

    The $940 million jackpot is for winners who choose an annuity, paid annually over 29 years. Winners usually want cash, which for Friday night’s drawing would be an estimated $486 million.

    If there is no winner, the next drawing will be held Tuesday night.

    Mega Millions is played in 45 states as well as in Washington, D.C., and the U.S. Virgin Islands.

    ___

    Associated Press reporter Mike Householder in Livonia, Michigan, contributed to this report.

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  • Mega Millions jackpot climbs to $940M after no winner

    Mega Millions jackpot climbs to $940M after no winner

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    DES MOINES, Iowa — The Mega Millions jackpot increased to an estimated $940 million after another drawing resulted in plenty of losers but not a single grand prize winner.

    The numbers drawn late Tuesday were: 25, 29, 33, 41, 44 and gold Mega Ball 18.

    The next drawing is scheduled to be held Friday night.

    The new $940 million jackpot is for a winner who chooses to be paid through an annuity over 29 years. Nearly all winners opt for a cash payout, which for Friday night’s drawing would be an estimated $483.5 million.

    In Tuesday’s drawing, there were more than 2.9 million winning tickets of various amounts including three $4 million tickets sold in Arizona, Mississippi and South Dakota, Mega Millions said in a statement.

    The lack of a winner of an estimated $785 million jackpot Tuesday means there have been 23 straight drawings without anyone taking the top prize.

    The new jackpot will remain the sixth-largest jackpot in U.S. history.

    The jackpot-winning drought isn’t surprising given the daunting odds of one in 302.6 million of winning the top prize.

    The jackpot is the largest since someone in California won a record $2.04 billion Powerball prize on Nov. 8. There still has not been an announced winner of that prize.

    There have been only three larger Mega Millions jackpots than Friday’s estimated prize in the game’s 20 years, including $1.53 billion in 2018, $1.05 billion in 2021 and $1.33 billion in July, Mega Millions said.

    Mega Millions is played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands.

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  • Numbers drawn for $785M Mega Millions lottery jackpot

    Numbers drawn for $785M Mega Millions lottery jackpot

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    DES MOINES, Iowa — The numbers for the enormous first Mega Millions jackpot of 2023 were drawn Tuesday, though it was not immediately clear whether anyone had won the $785 million jackpot.

    The numbers selected late Tuesday night were: 25, 29, 33, 41, 44 and gold Mega Ball 18.

    Mega Millions officials usually take hours before announcing whether or not there is a winner in each draw.

    The Mega Millions top prize is the sixth-largest jackpot in U.S. history and has grown so large because no one has matched all six of the game’s numbers for more than two months. There have been 22 straight drawings without a big winner, allowing the prize to roll over and become ever-larger.

    The jackpot-winning drought isn’t surprising given the daunting odds of one in 302.6 million of winning the top prize.

    The $785 million jackpot is for a winner who chooses to be paid through an annuity over 29 years. Nearly all winners opt for a cash payout, which for Tuesday night’s drawing would be an estimated $395 million.

    The jackpot is the largest since someone in California won a record $2.04 billion Powerball prize on Nov. 8. There still has not been an announced winner of that jackpot.

    Mega Millions is played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands.

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  • Biden’s new year pitch focuses on benefits of bipartisanship

    Biden’s new year pitch focuses on benefits of bipartisanship

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    CHRISTIANSTED, U.S. Virgin Islands (AP) — President Joe Biden and top administration officials will open a new year of divided government by fanning out across the country to talk about how the economy is benefiting from his work with Democrats and Republicans.

    As part of the pitch, Biden and Senate Republican leader Mitch McConnell will make a rare joint appearance in McConnell’s home state of Kentucky on Wednesday to highlight nearly $1 trillion in infrastructure spending that lawmakers approved on a bipartisan basis in 2021.

    The Democratic president will also be joined by a bipartisan group of elected officials when he visits the Kentucky side of the Cincinnati area, including Sen. Sherrod Brown, D-Ohio, Democratic Gov. Andy Beshear of Kentucky and Republican Gov. Mike DeWine of Ohio, the White House said.

    Biden’s bipartisanship blitz was announced two days before Republicans retake control of the House from Democrats on Tuesday following GOP gains in the November elections. The shift ends unified political control of Congress by Democrats and complicates Biden’s future legislative agenda. Democrats will remain in charge in the Senate.

    Before he departed Washington for vacation at the end of last year, Biden appealed for less partisanship, saying he hoped everyone will see each other “not as Democrats or Republicans, not as members of ‘Team Red’ or ‘Team Blue,’ but as who we really are, fellow Americans.”

    The president’s trip appeared tied to a recent announcement by Kentucky and Ohio that they will receive more than $1.63 billion in federal grants to help build a new Ohio River bridge near Cincinnati and improve the existing overloaded span there, a heavily used freight route linking the Midwest and the South.

    Congestion at the Brent Spence Bridge on Interstates 75 and 71 has for years been a frustrating bottleneck on a key shipping corridor and a symbol of the nation’s growing infrastructure needs. Officials say the bridge was built in the 1960s to carry around 80,000 vehicles a day but has seen double that traffic load on its narrow lanes, leading the Federal Highway Administration to declare it functionally obsolete.

    The planned project covers about 8 miles (12 kilometers) and includes improvements to the bridge and some connecting roads and construction of a companion span nearby. Both states coordinated to request funding under the nearly $1 trillion bipartisan infrastructure deal signed in 2021 by Biden, who had highlighted the project as the legislation moved through Congress.

    McConnell said the companion bridge “will be one of the bill’s crowning accomplishments.”

    DeWine said both states have been discussing the project for almost two decades “and now, we can finally move beyond the talk and get to work.”

    Officials hope to break ground later this year and complete much of the work by 2029.

    Biden’s visit could also provide a political boost to Beshear, who is seeking reelection this year in his overwhelmingly Republican state.

    In a December 2022 interview with The Associated Press, Beshear gave a mixed review of Biden’s job performance. Biden had joined Beshear to tour tornado- and flood-stricken regions of Kentucky last year.

    “There are things that I think have been done well, and there are things that I wish would have been done better,” Beshear said of Biden.

    Other top administration officials will also help promote Biden’s economic policies this week.

    In Chicago on Wednesday, Vice President Kamala Harris will discuss “how the President’s economic plan is rebuilding our infrastructure, creating good-paying jobs – jobs that don’t require a four-year degree, and revitalizing communities left behind,” the White House said in its announcement.

    Transportation Secretary Pete Buttigieg was delivering the same message in New London, Connecticut, also on Wednesday.

    Mitch Landrieu, the White House official tasked with promoting infrastructure spending, will join soon-to-be former House Speaker Nancy Pelosi on Thursday in San Francisco, which she represents in Congress.

    Biden was scheduled to return to the White House on Monday after spending nearly a week with family on St. Croix in the U.S. Virgin Islands.

    The president opened New Year’s Day on Sunday by watching the first sunrise of 2023 and attending Mass at Holy Cross Catholic Church in Christiansted, where he has attended religious services during his past visits to the island.

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  • Deutsche Bank, JPMorgan Chase Seek To Quash Lawsuits By Jeffrey Epstein Accusers

    Deutsche Bank, JPMorgan Chase Seek To Quash Lawsuits By Jeffrey Epstein Accusers

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    NEW YORK (AP) — Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim the big banks should have seen evidence of sex trafficking by Jeffrey Epstein, the high-flying financier who killed himself in jail while facing criminal charges.

    The banks said in filings late Friday they didn’t commit any negligent acts that caused harm to the women who filed the lawsuits and that the lawsuits failed to show that they benefitted from Epstein’s sex trafficking.

    The filings in federal district court in New York came about a month after two women who were both identified as Jane Doe sued the banks and the government of the U.S. Virgin Islands, where Epstein had a home on a small island that he owned.

    The lawsuits, which seek class-action status to represent other Epstein victims, claim that the banks knowingly benefitted from Epstein’s sex trafficking and “chose profit over following the law” to earn millions of dollars from the financier.

    They suggested that the banks should have steered clear of Epstein after his 2006 arrest in Florida — he eventually pleaded guilty to state charges of soliciting prostitution — and fallout from a federal investigation and news coverage.

    “Without the financial institution’s participation, Epstein’s sex-trafficking scheme could not have existed or flourished,” the lawsuits claim.

    JPMorgan Chase said Friday that the Jane Doe in its case “is entitled to justice … But this lawsuit against JPMC is directed at the wrong party, is legally meritless, and should be dismissed.”

    Deutsche Bank said it provided “routine banking services” to Epstein from 2013 to 2018, and the lawsuit “does not come close to adequately alleging that Deutsche Bank … was part of Epstein’s criminal sex trafficking ring.”

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  • Banks seek to quash women’s lawsuits in Jeffrey Epstein case

    Banks seek to quash women’s lawsuits in Jeffrey Epstein case

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    NEW YORK — Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim the big banks should have seen evidence of sex trafficking by Jeffrey Epstein, the high-flying financier who killed himself in jail while facing criminal charges.

    The banks said in filings late Friday they didn’t commit any negligent acts that caused harm to the women who filed the lawsuits and that the lawsuits failed to show that they benefitted from Epstein’s sex trafficking.

    The filings in federal district court in New York came about a month after two women who were both identified as Jane Doe sued the banks and the government of the U.S. Virgin Islands, where Epstein had a home on a small island that he owned.

    The lawsuits, which seek class-action status to represent other Epstein victims, claim that the banks knowingly benefitted from Epstein’s sex trafficking and “chose profit over following the law” to earn millions of dollars from the financier.

    They suggested that the banks should have steered clear of Epstein after his 2006 arrest in Florida — he eventually pleaded guilty to state charges of soliciting prostitution — and fallout from a federal investigation and news coverage.

    “Without the financial institution’s participation, Epstein’s sex-trafficking scheme could not have existed or flourished,” the lawsuits claim.

    JPMorgan Chase said Friday that the Jane Doe in its case “is entitled to justice … But this lawsuit against JPMC is directed at the wrong party, is legally meritless, and should be dismissed.”

    Deutsche Bank said it provided “routine banking services” to Epstein from 2013 to 2018, and the lawsuit “does not come close to adequately alleging that Deutsche Bank … was part of Epstein’s criminal sex trafficking ring.”

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  • Banks seek to quash women’s lawsuits in Jeffrey Epstein case

    Banks seek to quash women’s lawsuits in Jeffrey Epstein case

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    NEW YORK — Deutsche Bank and JPMorgan Chase are asking a federal court to throw out lawsuits that claim the big banks should have seen evidence of sex trafficking by Jeffrey Epstein, the high-flying financier who killed himself in jail while facing criminal charges.

    The banks said in filings late Friday they didn’t commit any negligent acts that caused harm to the women who filed the lawsuits and that the lawsuits failed to show that they benefitted from Epstein’s sex trafficking.

    The filings in federal district court in New York came about a month after two women who were both identified as Jane Doe sued the banks and the government of the U.S. Virgin Islands, where Epstein had a home on a small island that he owned.

    The lawsuits, which seek class-action status to represent other Epstein victims, claim that the banks knowingly benefitted from Epstein’s sex trafficking and “chose profit over following the law” to earn millions of dollars from the financier.

    They suggested that the banks should have steered clear of Epstein after his 2006 arrest in Florida — he eventually pleaded guilty to state charges of soliciting prostitution — and fallout from a federal investigation and news coverage.

    “Without the financial institution’s participation, Epstein’s sex-trafficking scheme could not have existed or flourished,” the lawsuits claim.

    JPMorgan Chase said Friday that the Jane Doe in its case “is entitled to justice … But this lawsuit against JPMC is directed at the wrong party, is legally meritless, and should be dismissed.”

    Deutsche Bank said it provided “routine banking services” to Epstein from 2013 to 2018, and the lawsuit “does not come close to adequately alleging that Deutsche Bank … was part of Epstein’s criminal sex trafficking ring.”

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  • Mega Millions numbers drawn for estimated $685M jackpot

    Mega Millions numbers drawn for estimated $685M jackpot

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    The final Mega Millions drawing of 2022 has taken place, but officials have not yet released whether there was a winner or if the estimated $685 million jackpot will roll over to another drawing Tuesday night

    The final Mega Millions drawing of 2022 has taken place, but it’s not yet clear whether the estimated $685 million jackpot will roll over to another drawing Tuesday night.

    The numbers drawn Friday were: 1, 3, 6, 44, 51 and Mega Ball 7.

    Jackpot officials were expected to announce sometime Saturday morning whether there was a winner.

    The jackpot has grown so large thanks to long odds of one in 302.6 million that have resulted in 22 straight drawings without a big winner.

    The estimated $685 million prize is for a winner who chooses to be paid through an annuity, with annual checks over 29 years. Nearly all winners opt for cash instead, which would result in a smaller amount.

    The jackpot is the largest since a $2.04 billion Powerball prize was won Nov. 8 in California. A winner hasn’t been announced for that record-setting payout.

    Mega Millions is played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands.

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  • Drawing nears for $640 million Mega Millions prize

    Drawing nears for $640 million Mega Millions prize

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    DES MOINES, Iowa — Lottery players will have a chance to ring in the New Year with a $640 million bonus in their bank account as a drawing is held Friday night in the Mega Million game.

    There have been 21 straight drawings without a jackpot winner thanks to stiff odds of one in 302.6 million. That has allowed the top prize to grow steadily larger, week after week.

    The estimated $640 million prize is for a winner who chooses to be paid through an annuity, with annual checks over 29 years. Nearly all winners opt for cash, which for Friday night’s drawing would be an estimated $328.3 million.

    The jackpot is the largest since a $2.04 billion Powerball prize was won Nov. 8 in California. A winner hasn’t been announced for that record-setting payout.

    Mega Millions is played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands.

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  • Biden signs $1.7 trillion bill funding government operations

    Biden signs $1.7 trillion bill funding government operations

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    KINGSHILL, U.S. Virgin Islands (AP) — President Joe Biden on Thursday signed a $1.7 trillion spending bill that will keep the federal government operating through the end of the federal budget year in September 2023, and provide tens of billions of dollars in new aid to Ukraine for its fight against the Russian military.

    Biden had until late Friday to sign the bill to avoid a partial government shutdown.

    The Democratic-controlled House passed the bill 225-201, mostly along party lines, just before Christmas. The House vote came a day after the Senate, also led by Democrats, voted 68-29 to pass the bill with significantly more Republican support.

    Biden had said passage was proof that Republicans and Democrats can work together.

    Rep. Kevin McCarthy, the House Republican leader who hopes to become speaker when a new session Congress opens on Jan. 3, argued during floor debate that the bill spends too much and does too little to curb illegal immigration and the flow of fentanyl into the U.S. from Mexico.

    “This is a monstrosity that is one of the most shameful acts I’ve ever seen in this body,” McCarthy said of the legislation.

    McCarthy is appealing for support from staunch conservatives in the GOP caucus, who have largely blasted the bill for its size and scope. Republicans will have a narrow House majority come Jan. 3 and several conservative members have vowed not to vote for McCarthy to become speaker.

    The funding bill includes a roughly 6% increase in spending for domestic initiatives, to $772.5 billion. Spending on defense programs will increase by about 10%, to $858 billion.

    Passage was achieved hours before financing for federal agencies was set to expire. Lawmakers had approved two short-term spending measures to keep the government operating, and a third, funding the government through Dec. 30, passed last Friday. Biden signed it to ensure services would continue until Congress sent him the full-year measure, called an omnibus bill.

    The massive bill, which topped out at more than 4,000 pages, wraps together 12 appropriations bills, aid to Ukraine and disaster relief for communities recovering from natural disasters. It also contains scores of policy changes that lawmakers worked to include in the final major bill considered by that session of Congress.

    Lawmakers provided roughly $45 billion for Ukraine and NATO allies, more than even Biden had requested, an acknowledgment that future rounds of funding are not guaranteed when Republicans take control of the House next week following the party’s gains in the midterm elections.

    Though support for Ukraine aid has largely been bipartisan, some House Republicans have opposed the spending and argued that the money would be better spent on priorities in the United States.

    McCarthy has warned that Republicans will not write a “blank check” for Ukraine in the future.

    The bill also includes about $40 billion in emergency spending, mostly to help communities across the U.S. as they recover from drought, hurricanes and other natural disasters.

    The White House said it received the bill from Congress late Wednesday afternoon. It was delivered to Biden for his signature by White House staff on a regularly scheduled commercial flight.

    Biden signed the bill Thursday in the U.S. Virgin Islands, where he is spending time with his wife, Jill, and other family members on the island of St. Croix. The Bidens are staying at the home of friends Bill and Connie Neville, the White House said. Bill Neville owns US Viking, maker of ENPS, a news production software system that is sold by The Associated Press.

    Also in the bill are scores of policy changes that are largely unrelated to spending, but lawmakers worked furiously behind the scenes to get the added to the bill, which was the final piece of legislation that came out of that session of Congress. Otherwise, lawmakers sponsoring these changes would have had to start from scratch next year in a politically divided Congress in which Republicans will return to the majority in the House and Democrats will continue to control the Senate.

    One of the most notable examples was a historic revision to federal election law to prevent a future president or presidential candidate from trying to overturn an election.

    The bipartisan overhaul of the Electoral Count Act is a direct response to-then President Donald Trump’s efforts to persuade Republican lawmakers and then-Vice President Mike Pence to object to the certification of Biden’s victory on Jan. 6, 2021, the day of the Trump-inspired insurrection at the Capitol.

    Among the spending increases Democrats emphasized: a $500 increase in the maximum size of Pell grants for low-income college students, a $100 million increase in block grants to states for substance abuse prevention and treatment programs, a 22% increase in spending on veterans’ medical care and $3.7 billion in emergency relief to farmers and ranchers hit by natural disasters.

    The bill also provides roughly $15.3 billion for more than 7,200 projects that lawmakers sought for their home states and districts. Under revamped rules for community project funding, also referred to as earmarks, lawmakers must post their requests online and attest they have no financial interest in the projects. Still, many fiscal conservatives criticize the earmarking as leading to unnecessary spending.

    ___

    Associated Press writer Kevin Freking in Washington contributed to this report.

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  • Mega Millions jackpot up to $640M after no big winner

    Mega Millions jackpot up to $640M after no big winner

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    DES MOINES, Iowa (AP) — A giant Mega Millions jackpot grew larger Wednesday to an estimated $640 million after another drawing without a winner.

    No one won the lottery game’s top prize Tuesday night, making it 21 straight drawings without anyone matching all six numbers. The next drawing will be Friday night.

    The huge jackpot comes less than two months after the largest lottery prize ever, a $2.04 billion Powerball prize that was won Nov. 8 in California. So far, that big winner hasn’t stepped forward to claim the prize.

    The reason for all the big prizes is simple — long odds ensure there are few winners and the long streaks of lottery futility allow jackpots to grow ever larger week after week.

    The odds of winning a Mega Millions jackpot is one in 302.6 million.

    The advertised jackpot of $640 million is for a winner who opts to be paid with an annuity, doled out through annual payments over 29 years. Nearly all winners take the cash option, with for Friday’s drawing will be an estimated $328.3 million.

    Mega Millions is played in 45 states as well as Washington, D.C., and the U.S. Virgin Islands.

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  • Biden arrives in US Virgin Islands to relax between holidays

    Biden arrives in US Virgin Islands to relax between holidays

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    KINGSHILL, U.S. Virgin Islands — President Joe Biden on Tuesday traveled to a place very familiar to him — the U.S. Virgin Islands — to enjoy some downtime and warmer weather and to ring in a new year with family.

    The president and his wife, first lady Jill Biden, flew from Washington on Tuesday to St. Croix, one of three islands that make up the U.S. territory in the Caribbean. St. John and St. Thomas are the other two islands. The Bidens were joined by their daughter Ashley and her husband, Howard Krein, as well as grandchildren Natalie and Hunter, whose father was the president’s late son, Beau.

    St. Croix is a tropical getaway that Biden has been getting away to at least since he was vice president, from 2009 to 2017.

    “We’ve missed him the last couple of years,” Beth Moss Mahar, a retired attorney and island resident for nearly three decades, said in a telephone interview.

    Biden spent the holidays at his home in Delaware in 2020 and 2021, mostly because of the COVID-19 pandemic. This week’s visit to St. Croix will be his first as president to the U.S. Virgin Islands.

    “We’re tremendously honored,” Del. Stacey Plaskett, a Democrat who represents the Virgin Islands in Congress, said in a telephone interview Tuesday.

    “In the past, when he and his family have come, of course sightings of President Biden were almost a thing of legend,” she said.

    Any sightings will now be altered by the fact that Biden is regarded as one of the world’s most powerful men. As such, he now travels with a significantly bigger footprint than when he was vice president, including a large contingent of U.S. Secret Service agents, White House staff and journalists covering the trip.

    Biden and his wife enjoy spending the week between Christmas and New Year’s Day in a warmer climate, and Jill Biden likes a beach, aides said.

    “We always look forward to his coming and we really understand that this is a place of relaxation for him and Jill and whatever other family he may bring with him and so we leave him alone and let him just relax,” said Donna Christensen, who was Plaskett’s predecessor in Congress.

    “He usually says, ‘In my next life, I’m living in St. Croix,’” she said in a telephone interview.

    Both Plaskett and Christensen expressed hope that attention paid to where Biden spends his year-end vacation will amplify challenges facing the U.S. Virgin Islands and other U.S. territories, such as threats from climate change, including more powerful hurricanes and rising sea levels, as well as problems these governments have coping with aging infrastructure.

    Biden was scheduled to return to Washington on Jan. 2. That’s the day before the president’s Democratic Party cedes control of the House of Representatives to the Republican Party following the November midterm elections, potentially complicating Biden’s legislative agenda for the remaining two years of his term.

    Democrats will continue to control the Senate in the Congress that will be seated on Jan. 3.

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