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Two Estonians arrested in $575M cryptocurrency fraud

Tue, Nov 22, 2022 at 9:56 am

( ) -q-29- UNDATED (Correspondent Jeremy House) “and luxury cars.”

U.S. authorities say police in Estonia have arrested two men accused in a half-billion-dollar cryptocurrency fraud.

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TAG: Correspondent Jeremy House reporting. The two are in custody in Estonia pending extradition to the U.S.

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VERBATIM: An indictment unsealed in U.S. District Court in Seattle charged 37-year-old Estonian citizens Sergei Potapenko and Ivan Turogin with wire fraud and conspiracy to commit money laundering. Prosecutors say they tricked hundreds of thousands of people into buying contracts for a cryptocurrency mining service called HashFlare. The men are accused of using shell companies to launder the $575 million and to purchase real estate and luxury cars.

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Greg Clugston SRN News White House correspondent

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Biden pauses student loan payments amid ongoing legal challenge

Sat, Nov 26, 2022 at 7:07 am

President Biden hit the pause button again on student loan payments while a legal battle continues over his debt forgiveness plan. The president’s debt cancellation plan, which would offer up to 20-thousand dollars in relief for millions of borrowers, remains stalled in the face of legal challenges. Conservative opponents say the White House bypassed Congress to make laws. As court battles drag on, Mr. Biden has decided to extend the pause on federal student loan payments. The moratorium was scheduled to expire on the 1st of January. Now it will extend until 60 days after the lawsuit is resolved.

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Bob Agnew SRN News U.S. Senate correspondent

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Weekly Jobless Claims Hit Highest Level Since August

Wed, Nov 23, 2022 at 11:42 am

The Labor Department reported Wednesday that 240,000 people applied for jobless aid last week, up by 17,000 from the week before.

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Bernie Bennett SRN News U.S. House correspondent

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McCarthy Calls for Mayorkas’ Resignation

Wed, Nov 23, 2022 at 1:31 pm

***MCCARTHY-MAYORKAS-

House Minority Leader Kevin McCarthy called on Homeland Security Secretary Alejandro Mayorkas to resign over his handling of the U.S.-Mexico border, saying that GOP lawmakers will consider impeachment next year if he does not step down. More on this from Congressional Correspondent Bernie Bennett.

McCarthy said at a press conference in El Paso, Texas, on Tuesday, “If Secretary Mayorkas does not resign, House Republicans will investigate, every order, every action and every failure will determine whether we can begin impeachment inquiry.”

McCarthy cited the Department of Homeland Security head’s statements to Congress that the border is under control, record border crossing numbers and his ending of the “Remain in Mexico” asylum policy instituted during the Trump administration as reasons for resignation.

McCarthy was nominated by House Republicans to serve as Speaker in the next Congress last week during a closed-door vote.

Bernie Bennett reporting.

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Michael Harrington SRN News religion desk editor

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San Francisco unveils a controversial program

Wed, Nov 23, 2022 at 9:25 am

San Francisco unveils a controversial program

VERBATIM: It’s called the “Guaranteed Income for Transgender People” initiative and it will provide a monthly payment of 1200 dollars to poor people who are transgender. The application just came out and it has prompted some raised eyebrows. The document offers over 130 gender and sexual orientation options, encouraging applicants to “check all that apply.” Critics say if the city wants to make payments to low income residents, it should do so without favoring transgender people. Michael Harrington, SRN News.

 

 

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Business

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AM WALL STREET BUSINESS REPORT 11-25

Fri, Nov 25, 2022 at 6:25 am

AM WALL STREET BUSINESS REPORT 11-25

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Sports

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AM SPORTSCAST 11-25

Fri, Nov 25, 2022 at 6:22 am

AM SPORTSCAST 11-25

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Editorial Cartoons

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Michael Ramirez
Mon, Nov 14, 2022

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