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Dan Mangan in political news

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Donald Trump - Dan Mangan - Trump Media shares drop below $30, company sheds more than half of market cap since trading debut - cnbc.com - city Manhattan

Trump Media shares drop below $30, company sheds more than half of market cap since trading debut

The price of Trump Media shares fell below $30 in early trading Friday morning, which is more than $40 lower than what its shares first sold for when the social media company began public trading on March 26. DJT shares fell by more than 8% within the first hour of trading Friday. The latest price fall for the ticker continued a slide that included a 5.4% drop on Thursday, and a more than 8.5% decline on Wednesday. The shares of Trump Media, which owns the Truth Social app, have dropped by more than 47% month-to-date, wiping out billions of dollars in the company's market capitalization. Former President Donald Trump is the biggest shareholder in the company, owning nearly 60% of its stock. Trump on Monday is set to start jury selection for his criminal trial in Manhattan Suprem

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Donald Trump - Dan Mangan - Trump Media shares close down by more than 5%, latest grim day for Truth Social owner - cnbc.com - Russia - Brazil

Trump Media shares close down by more than 5%, latest grim day for Truth Social owner

The share price of Trump Media fell 5.4% at the close of trading on Thursday. DJT shares, the majority of which are owned by former President Donald Trump, ended at $32.41. Thursday's drop came a day after Trump Media shares fell 8.57%. The social media company's stock began public trading on the Nasdaq on March 26 with an opening price of $70.90, and soared to a high of nearly $80 that day. But the share price has slumped since then.

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Dan Mangan - FTX founder Sam Bankman-Fried appeals fraud conviction, 25-year prison sentence - cnbc.com - Russia - city Manhattan

FTX founder Sam Bankman-Fried appeals fraud conviction, 25-year prison sentence

A lawyer for FTX founder Sam Bankman-Fried on Thursday filed a notice of appeal of his federal fraud and conspiracy conviction and his 25-year prison sentence. Bankman-Fried's appeal came two weeks after he was sentenced in U.S. District Court in Manhattan, and ordered to pay $11 billion in forfeiture for the massive fraud at the cryptocurrency exchange FTX and a related hedge fund, Alameda Research. Prosecutors said it was one of the largest financial frauds in history. The appeal, which was expected, will be heard by a three-judge panel of the 2nd Circuit U.S. Court of Appeals, which sits in Manhattan. Criminal defendants face very long odds of overturning convictions in federal court, winning reversals in fewer than 10% of appeals. If Bankman-Fried loses at the 2nd Circuit, he

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Joe Biden - Donald Trump - Rudy Giuliani - Dan Mangan - Big donation to Rudy Giuliani defense fund is target of lawsuit alleging fraud by donor - cnbc.com - Georgia - city New York

Big donation to Rudy Giuliani defense fund is target of lawsuit alleging fraud by donor

One of the largest donations to Rudy Giuliani's legal defense fund is at the center of a new lawsuit that argues the $100,000 contribution rightfully belongs to victims of an alleged online fraud scheme. The donation by Matthew Martorano in September accounted for nearly 13% of all the money that Giuliani, the former attorney for Donald Trump and New York City mayor, raised in the fund. The fund was intended to help Giuliani pay for lawyers in the Georgia election interference case — where Trump is a co-defendant — and in a civil defamation case that Giuliani lost, brought by two Georgia election workers. But the plaintiff in the new civil suit — filed after CNBC reported on Martorano's donation earlier this year —claims that $100,000 flowed from Martorano's participation in an alleged online skincare product scam. They are seeking "to unwind" the donation to Giuliani. There is no public evidence that Giuliani and Martorano know each other. CN

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Joe Biden - Dan Mangan - Ashley Biden - In Jail - Woman who stole and sold Ashley Biden diary sentenced to month in jail and home detention - cnbc.com - state Florida - county Palm Beach - city Manhattan

Woman who stole and sold Ashley Biden diary sentenced to month in jail and home detention

A Florida woman who stole and then sold a diary and other items belonging to Ashley Biden — the daughter of President Joe Biden — to a right-wing media group weeks before the 2020 election was sentenced Tuesday to one month in federal jail and three months of home detention. Aimee Harris, 41, also was ordered to forfeit $20,000 and to serve three years of probation at her sentencing in U.S. District Court in Manhattan, where a lawyer for Ashley Biden was in the audience. Before Harris was sentenced, assistant U.S. Attorney Robert Sobelman told Judge Laura Taylor Swain that Harris had shown a "pattern of disrespect for the law and the justice system," and was motivated to steal Ashley Biden's property "to make as much money as she could," and to harm President Biden politically, The Associated Press reported. "She wanted to damage Ms. Biden's father," Sobelma

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Donald Trump - Dan Mangan - Devin Nunes - Trump Media payday: What Truth Social executives got paid in stock and compensation - cnbc.com

Trump Media payday: What Truth Social executives got paid in stock and compensation

The merger that led to Trump Media shares becoming publicly traded is also paying off for top executives and other insiders at the company, which owns the Truth Social app regularly used by former President Donald Trump. Corporate filings from Trump Media — which reported a net loss of $58 million last year on revenue of just $4.1 million — detail the salaries, retention bonuses, and stock allocations for CEO Devin Nunes and other executives. Trump himself is by far the biggest shareholder, with 78.75 million shares that give him a stake of nearly 58% of the social media company's common stock. The number of people financially rewarded in the early stages of the company is limited. Besides the former president, it includes the chief financial officer, chief operating officer, and several people close to Trump. Trump

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Donald Trump - Dan Mangan - Trump Media stock drops more than 10% to open trading week - cnbc.com - China - state Florida

Trump Media stock drops more than 10% to open trading week

Trump Media shares dropped more than 10% in early trading Monday. DJT's plunge followed a 12% decline in its share price on Friday. Trump Media, which owns the Truth Social app used by its biggest shareholder, former President Donald Trump, had a high price of nearly $80 two weeks ago after it began trading as a publicly held company. Its share price as of 10:15 a.m ET Monday was $36.36 per share, before recove

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Dan Mangan - Georgia inmate serving life mailed bombs from prison to D.C. office building, Alaska court, feds charge - cnbc.com - Usa - Georgia - area District Of Columbia - Washington, area District Of Columbia - city Washington, area District Of Columbia - state Alaska - city Anchorage, state Alaska

Georgia inmate serving life mailed bombs from prison to D.C. office building, Alaska court, feds charge

A man serving a life sentence for kidnapping and other crimes while in a Georgia prison built two bombs which he mailed to a District of Columbia office building and the federal courthouse and building in Anchorage, Alaska, prosecutors allege. The accused bomb maker, 55-year-old David Cassady, allegedly put the two explosive devices into the mail at his prison in Tattnall County on Jan. 24, 2020, according to an indictment issued by a grand jury in U.S. District Court in Statesboro, Georgia. The bomb that went to Washington, D.C., was mailed to the Bond Building, whose office tenants include the Department of Justice. The indictment alleges Cassady made and sent the bombs with the intent to "to maliciously damage or destroy, by means of fire or explosive, a building in whole or in part owned or possessed by, or leased to, the United States," and "created substantial risk of injury to a person." Neither bomb exploded. Cassady is charged with one count of m

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