Gates Ready to Plead Guilty and Turn on Manafort, LA Times Says

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Rick Gates, a onetime Trump campaign aide-de-camp impeached in October with Paul Manafort on indictments of coin laundering and illegal foreign lobbying, accept to allege guilty and cooperate with U.S. Special Counsel Robert Mueller, the Los Angeles Times reported. Gates will admit to fraud-related blames in the next few days and agree to testify against […]

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Point72 Judge Urged Not to Cloak Allegations of Gender Bias

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Steven Cohen’s Point7 2 Asset Management LP is trying to hide its misbehaviour from public scrutiny by attempting to patrol an associate director’s gender-bias prosecution into arbitration, the status of women litigating the firm said. Lauren Bonner sued Point7 2 earlier this month in federal courtroom in New York, claiming it discriminates against women and […]

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Steven Cohen’s Point72 Is Accused of Sexism in Workplace

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Just as billionaire Steven Cohen stages a comeback as a hedge fund manager, a current work litigated his Point7 2 Asset Management accusing it of discriminating against women and promoting a culture of sexism. Lauren Bonner, an associate director at the firm, too accused President Doug Haynes of using an improper term on a grey […]

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Inside the Abrupt End of Silicon Valley’s Biggest Trial

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As onetime Uber chief Travis Kalanick prepared to take the stand this week in a courtroom duel that’s gripped Silicon Valley, Waymo lawyer Kevin Vosen privately made a late settlement offer: Would the ride-hailing startup remunerate $500 million in stock and give an outside observer revaluation its autonomous-vehicle software? Only days later, Waymo admitted half […]

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Kushner Investors Subpoenaed by U.S. Tax Authorities, Source Says

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U.S. tariff authorities have requested documents from lenders and investors in real estate campaigns managed by Jared Kushner’s family, according to a person very well known the matter. They have gathered information from people who lent coin and assembled investors for some Kushner Cos. real estate projections in New York and New Jersey, the person […]

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Bitcoin Industry Grapples With Age-Old Problem of Inheritance

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Five years ago, Matthew Moody was killed during an observational flight when the two-seater airplane he was in gate-crashed piloting over a valley in Chico, California. His father, Michael Moody, knew his 26 -year-old son had been mining Bitcoins — today worth thousands of dollars each — but “havent had” idea how many he had […]

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Cryptocurrencies Are Like Ponzi Schemes, World Bank Chief Says

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The head of the World Bank likened cryptocurrencies to” Ponzi programmes ,” the most recent business utter to raise questions about the legitimacy of digital currencies such as Bitcoin. ” In periods of using Bitcoin or some of the cryptocurrencies, we are also looking at it, but I’m told the vast majority of cryptocurrencies are […]

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GEs $31 Billion Problem

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John Flannery scarcely needs any more headaches. But at a time when General Electric Co . is facing what amounts to an existential crisis, a $31 billion inadequacy in its pension plan may involve any turnaround that involves a breakup of the 126 -year-old icon of American capitalism. Divvying up the obligations won’t be easy. […]

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