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Dan Mangan in political news

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Dan Mangan - New York jury convicts man in first-ever cryptocurrency market manipulation case - cnbc.com - city New York - New York - India - Puerto Rico - county San Juan

New York jury convicts man in first-ever cryptocurrency market manipulation case

A New York federal jury on Thursday convicted a Puerto Rico man of a $110 million scheme that was the Department of Justice's first-ever cryptocurrency open-market manipulation case, prosecutors said. The man, 28-year-old Avraham Eisenberg of San Juan, faces a maximum possible sentence of 20 years in prison for the charges of wire fraud, commodities fraud, and commodities manipulation. Prosecutors said Eisenberg fraudulently obtained about $110 million worth of cryptocurrency from the Mango Markets exchange and its customers by artificially and dramatically driving up the price of both futures contracts and the MNGO crypto token, and then borrowing cryptocurrency based on the value of the inflated assets. "When Eisenberg borrowed and withdrew this cryptocurrency, he had no intention of repaying the borrowed funds but rather intended to steal those funds," the Manhattan U.S. Attorney's Office said in a stateme

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Joe Biden - Donald Trump - Dan Mangan - New York Times editorial board urges Biden to drop out of presidential race - cnbc.com - city New York - New York

New York Times editorial board urges Biden to drop out of presidential race

The New York Times editorial board on Friday urged President Joe Biden to exit the presidential election contest against Donald Trump, citing the Democrat's poor debate performance the previous night. "The president appeared on Thursday night as the shadow of a great public servant," the Times editorial said. "He struggled to explain what he would accomplish in a second term. He struggled to respond to Mr. Trump's provocations. He struggled to hold Mr. Trump accountable for his lies, his failures and his chilling plans. More than once, he struggled to make it to the end

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Joe Biden - Donald Trump - Jake Tapper - Dana Bash - Dan Mangan - Presidential debate live updates: Biden faces Trump in Atlanta - cnbc.com - city New York - state New Jersey - Israel - Iran - city Atlanta - area District Of Columbia - Washington, area District Of Columbia - county York - Bolivia

Presidential debate live updates: Biden faces Trump in Atlanta

The first 2024 presidential debate between President Joe Biden and former President Donald Trump is Thursday from 9 p.m. to 10:30 p.m. ET, hosted by CNN.

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An Fbi - Dan Mangan - Fugitive ex-CEO of investment firm arrested on securities, wire fraud charges - cnbc.com - state California - Washington - city Washington - state Washington - Los Angeles - city Los Angeles - county Arthur

Fugitive ex-CEO of investment firm arrested on securities, wire fraud charges

A former investment company CEO who previously appeared as a paid contributor to CNBC was arrested on fraud charges after more than two years as a fugitive from a Securities and Exchange Commission investigation, federal prosecutors said. The defendant, James Arthur McDonald Jr., is accused of misrepresenting to investors how he would use millions of dollars he raised from them between 2019 and 2021, and also hid "massive losses" from investors that his company Hercules Investments LLC had sustained, according to an indictment in U.S. District Court in Los Angeles. McDonald's arrest Saturday at a residence in Port Orchard, Washington, came nearly two months after a federal judge found him civilly liable for more than $3.8 million in damages to the SEC for violating securities laws. The 52-year-old was ordered held without bail Monday by a judge in Tacoma, Washington, federal court, who ruled he was a flight risk. McDonald agreed to be transferred

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Donald Trump - Dan Mangan - Trump Media shares plunge 17% with newly available DJT shares set to dilute stock value - cnbc.com

Trump Media shares plunge 17% with newly available DJT shares set to dilute stock value

The stock price of Trump Media plunged by more than 17% in after-hours trading Tuesday after the Truth Social app owner said its registration of additional shares had been declared effective by the Securities and Exchange Commission. Trump Media, which trades under the DJT ticker, had seen its share price slump by nearly 10% during the regular trading day. The SEC's declaration authorizes early investors in Trump Media to exercise public warrants they hold in the company, whose majority shareholder is former President Donald Trump. This is breaking news. Please check back for

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Matt Gaetz - Dan Mangan - Joel Greenberg - Action - House Ethics Committee expands Rep. Matt Gaetz sexual misconduct investigation - cnbc.com - state Florida

House Ethics Committee expands Rep. Matt Gaetz sexual misconduct investigation

The House Ethics Committee said Tuesday it has identified "additional allegations" against Rep. Matt Gaetz "that merit review," as it continues to investigate the Florida Republican over claims of what it called "sexual misconduct and illicit drug use." The Ethics Committee said it is now eyeing claims that Gaetz — who denies wrongdoing — "dispensed special privileges and favors to individuals with whom he had a personal relationship, and sought to obstruct government investigations of his conduct." The ethics panel also said it had difficulty in obtaining relevant information from Gaetz and others since the probe began in April 2021 amid a federal criminal sex trafficking investigation of Gaetz and a friend, Joel Greenberg. That criminal probe ended with a guilty plea by Greenberg, but no charges were filed against Gaetz. After conducting interviews with more than a dozen witnesses and examining thousands of pages of documents, the committee sa

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Dan Mangan - Southern - New Jersey Democratic kingmaker George Norcross indicted on racketeering charges - cnbc.com - state New Jersey

New Jersey Democratic kingmaker George Norcross indicted on racketeering charges

George Norcross, who for decades had been a Democratic political kingmaker in New Jersey, was charged with racketeering in an indictment unsealed Monday. Norcross's brother, Phillip Norcross, and four other defendants also were charged in the 13-count indictment, which was filed by New Jersey Attorney General Matthew Platkin. George Norcross, who is a former member of the Democratic National Committee, was in attendance at a press conference Platkin gave on the charges Monday. The indictment says that "members and associates of the Norcross Enterprise, i

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Dan Mangan - Action - Judge bars 'pharma bro' Martin Shkreli from streaming Wu-Tang Clan album after suit says he copied it - cnbc.com - state New York

Judge bars 'pharma bro' Martin Shkreli from streaming Wu-Tang Clan album after suit says he copied it

A federal judge temporarily barred notorious "pharma bro" Martin Shkreli from streaming or disseminating copies of a one-of-a-kind Wu-Tang Clan album he had forfeited as part of his criminal fraud conviction in 2017. The order by Judge Pamela Chen on Tuesday night came a day after the company that had bought the album, "Once Upon a Time in Shaolin," for $4.75 million sued Shkreli in U.S. District Court in Brooklyn, New York. The suit claims Shkreli, who remains on supervised release in his criminal case, apparently retained copies of the hip-hop album after it was sold, and played it online as recently as Sunday in violation of his forfeiture order. A spokesman for the U.S. attorney's office

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Joe Biden - Donald Trump - Dan Mangan - Live updates: Hunter Biden jury resumes deliberations in gun trial - cnbc.com - Britain - Los Angeles - state Delaware - city Los Angeles - city Wilmington

Live updates: Hunter Biden jury resumes deliberations in gun trial

(This story is developing and will be updated throughout the day.) Jurors in the criminal gun trial of Hunter Biden resumed deliberations Tuesday morning in Delaware federal court. The jury began deliberations Monday afternoon after hearing closing arguments in the trial, but met for only about an hour before it recessed for the day. Biden, 54, is the son of President Joe Biden. He is charged in the case in U.S. District Court in Wilmington with three crimes related to the purchase and possession of a handgun while being an active drug user and addict. Biden is

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