George Santos, which some lawmakers expect will be damning— and potentially the final straw for the New York Republican's radioactive run in Congress. "I think the report is going to confirm what he's admitted to, which is he's a fraud and should not be a member of Congress," Rep. While the report will mark the closing salvo from the Ethics Committee, it is expected to…
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Public hearing date set for DOL fiduciary rule; House GOP rallies in opposition
The Department of Labor denied a request for an extension of a public comment period for its controversial fiduciary rule package. A public hearing will be held next month.
George Santos, R- N.Y., charged with impersonating an aide to former House Speaker Kevin McCarthy to solicit donors has pleaded guilty to fraud, in the latest legal blow to the embattled freshman congressman. Sam Miele, 27, who pleaded guilty Tuesday to a federal wire fraud charge, also admitting to making about $100,000 worth of fraudulent credit card charges,…
National Flood Insurance Program nears Nov. 17 expiration
The National Flood Insurance Program is set to expire later this month and requires Congressional reauthorization.
How captive and independent agents are affected by the DOL rule
The new DOL fiduciary rule is 500 pages. The biggest fight will come down to how agents – independent and captive agents – are regulated.
Jon Walker was sentenced in federal court by U.S. District Court Judge James Peterson after Walker pleaded guilty to wire fraud July 11. According to federal prosecutors, Walker fraudulently obtained two Department of Defense contracts at Fort McCoy by falsely claiming his business, Walker Investment Properties, was a service-disabled, veteran-owned…
KANSAS CITY– A former bank branch manager in Kansas City has pleaded guilty in federal court to accepting Kansas City Chiefs playoffs tickets and a new Chevrolet Tahoe in exchange for facilitating a $12.4 million Covid fraud scheme by a Jefferson City, Mo., business owner, as well as a separate fraud scheme to receive unemployment benefits, according to the…
Fiduciary rule goals look suspiciously similar to SEC agenda, analyst says
Oversight of fixed indexed annuities remains just beyond the reach of federal regulators, but analysts are starting to see a coordinated effort to change that.
Trade groups ask DOL for an extension of fiduciary rule comment period
Eighteen financial services industry and business trade groups sent a letter to the Department of Labor today asking for an extension to the 60-day public comment period for its controversial fiduciary rule package.
Ivanka Trump is expected to take the stand Wednesday as the New York attorney general's final witness in its far-reaching fraud case against her father and family's business. But on Wednesday, her past life as a Trump Organization executive could be put under a microscope as lawyers for the state of New York question her over her role in several Trump real…
COLUMBIA, S.C.- The clerk of court accused of tampering with the South Carolina jury that found Alex Murdaugh guilty of two counts of murder denied asking jurors if they thought he was guilty before deliberations or suggesting she thought he killed his wife and son. The sworn statement from Colleton County Clerk of Court Rebecca Hill was filed Tuesday by…
Amondo Antoine Miller, Tashena Lavera Crump and Ballam Hazeakiah Dudley, are among five dozen people indicted in what federal prosecutors say was a conspiracy that operated for two decades from "boiler room" call centers in 10 states, including Minnesota. The U.S. Attorney's Office in Minneapolis says this is among the largest telemarketing scams that the…
Ivanka Trump tried to get out of traveling to NYC to testify in her father's civil fraud trial Wednesday, and the attempt backfired— badly. Trump shares three kids with Jared Kushner: Arabella, 12, Joseph, 10, and Theodore, 7.. It's unclear how many nannies or babysitters Ivanka and husband Jared Kushner actually do employ, and we do think Wortman was being sardonic.
Labor Department sets comment schedule for new fiduciary proposal
The Department of Labor is accepting comments on its new fiduciary proposal through Jan. 2, 2024 and plans a public hearing soon.
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for October. The actions are…
Sovereign Nations Insurance has signed a settlement agreement with Insurance Commissioner Mike Kreidler and has agreed to cease its operations…
NEW YORK- FTX founder Sam Bankman-Fried's spectacular rise and fall in the cryptocurrency industry- a journey that included his testimony before Congress, a Super Bowl advertisement and dreams of a future run for president- hit a new bottom Thursday when a New York jury convicted him of fraud in a scheme that cheated customers and investors of at least $10…
“To make it in this city as a landlord, you’ ve got to fight everything that’ s done, practically,” a 29- year-old Donald Trump told the Daily News. The former president— and current frontrunner in the 2024 race— is expected to face a day-long public grilling about his tenure at the Trump Organization in state Attorney General Tish James’ case against his real estate…
Over the past five years, the state Insurance Department paid a political ally of Commissioner Mike Causey roughly $295,000 for sporadic work that drew little oversight.
In 2019, state Insurance Commissioner Mike Causey looked every bit a maverick politician. Causey was celebrated as a noble actor in an FBI sting that resulted in the federal criminal charges against a billionaire political donor and one of the state’ s biggest GOP luminaries, former Congressman Robin Hayes.