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Bank of Latvia president Ilmārs Rimšēvičs, was charged Thursday, June 28, with accepting bribes. Rimsevics has been a suspect of bribery since February, when he was questioned by Latvian anti-corruption authorities.
On February 13, 2018, the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a notice accusing ABLV bank of laundering money from countries like Russia and North Korea, helping them to evade sanctions, among other things. ABLV was promptly denied U.S. dollar funding. Simultaneously, depositors rushed to remove their money. Less than a week later, to prevent the bank’s disorderly collapse, the Latvian regulator and the ECB froze all payments out of ABLV. They authorised ABLV’s execution less than a week after imposing the moratorium.

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Buffalo developer Louis Ciminelli and three other defendants face corruption charges over the awarding of contracts for several large-scale projects, including the solar plant at RiverBend in South Buffalo. Ciminelli, a major donor to Gov. Andrew M. Cuomo, is charged with wire fraud and conspiracy to commit wire fraud. The trial will also cast a spotlight on the $750 million RiverBend solar plant in Buffalo, one of the state projects Ciminelli won, and will decide whether bids were rigged in contracts related to construction projects funded by the Buffalo Billion. Paul Shechtman, a Manhattan lawyer, represents Louis Ciminelli

 

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Cambodian police block a street near the Supreme Court during a hearing over the extended pre-trial detention of jailed Cambodia National Rescue Party (CNRP) leader Kem Sokha, in Phnom Penh, May 7, 2018.

Cambodia’s Prince Norodom Ranariddh was seriously injured, and his wife killed, in a car crash; both SUVs involved in the crash had been speeding.

In 1997, he was overthrown as co-prime minister in a bloody coup and since his return to politics, had vowed to work with former rival and long-serving prime minister Hun Sen.

Cambodia’s Supreme Court dissolved the main opposition Cambodia National Rescue Party (CNRP) last year, leaving the way clear for Hun Sen to extend more than three decades of rule in an election on July 29.

Ranariddh’s Funcinpec was allocated most of the CNRP’s parliamentary seats after its dissolution, and its leader, Kem Sokha, was arrested over accusations of plotting to take power with the help of the United States.

The CNRP and Washington have both denied the charges.

“Kem Sokha’s continued detention is related to the upcoming election,” said Kem Sokha’s daughter Kem Monovithya.

“As long as there is no political solution from the top leaders of the current regime, my father’s case will remain as it is. Cambodia will surely plunge into a big crisis if Hun Sen continues to hold the next election without the release of Kem Sokha and the lift of the ban on the CNRP officials ahead of the election,”

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From left to right, Kem Sokha, Pol Ham, Mu Sochua, and Eng Chhay Eang at an extraordinary congress in Phnom Penh, March 2, 2017.

[2017-05-16] Kem Sokha said he had given presentations on the upcoming elections to Cambodian communities in 13 U.S. states, as well as to U.S. lawmakers and officials of the Trump administration.

underwoodCitigroup agreed to settle charges related to the manipulation of the London Interbank Offered Rate, better known as Libor.

Citi will pay $100 million to the New York State Attorney General’s office and 41 other states involved with the investigation, New York Attorney General Barbara Underwood said June 15. New York has been leading the Libor investigations due to size of the banking industry and with Wall Street based here.
Several banks have been accused of, and have settled, charges that its traders and bankers manipulated Libor. Global fines have topped $9 billion.   Swiss bank UBS has paid more than $1.5 billion in fines and penalties to U.S. and European authorities for its manipulation of Libor. JPMorgan Chase paid more than $100 million in fines to European authorities for its role in interest rate manipulation, and British bank Barclays has paid more than half a billion dollars in fines and penalties to settle allegations.

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Pamela Harris as she leaves Brooklyn Federal court with attorney, Jerry H. Goldfeder, left, in New York

[June 12] Ex-Brooklyn Assemblywoman Pamela Harris pled guilty to pocketing nearly $60,000 in public funds meant for a non-profit and Hurricane Sandy relief. Authorities slapped Harris with a 11-count indictment for fraud in January and she resigned from her post in April, before the trial began.

She pleaded guilty to two counts of wire fraud, one count of making false statements to FEMA and one count of witness tampering to federal authorities.   Pamela Harris is a former Democratic member of the New York State Assembly, representing District 46.

 

The company’s attorneys also gave an update on the sale to Lantern Capital, which Walrath approved last month. The closing has dragged on longer than expected, as attorneys sort out how the proceeds will be allocated among creditors, which contracts Lantern will assume, and other issues. Attorney Paul Zumbro promised that the closing would occur before the end of June.
Harvey’s Contract

Judge Orders Release of Harvey Weinstein’s Employment Contract

]May 12    court approves buyer Lantern   ]

The Weinstein Co. Sale To Lantern Capital Approved By Bankruptcy Judge

[May 6]

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“The Weinstein Company is pleased to announce that Lantern Capital is the winning bidder in the sale for substantially all of the assets of the Company.” for $310 million.    the Debtors concluded  that the later Inclusion letter was not a bona fide offer.

That’s nearly 40% less than was being offered for the company a few months ago, and just a fraction of how much the company was worth before the sexual misconduct scandal that toppled its founder Harvey Weinstein last year.   The Court must approve.

DIRK ZIFF, TIM SARNOFF, MARC LASRY,
TARAK BEN AMMAR, LANCE MAEROV, SUMMONS
RICHARD KOENIGSBERG, PAUL TUDOR JONES,
JAMES L. DOLAN, JEFF SACKMAN,

included in sexual complaint, above.

[ April 20  April 30 auction deadline ]

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60 potential buyers have emerged for the Weinstein Co.’s film and television assets, 48 of whom already have inspected the company’s books in a data room ahead of the court’s April 30 auction deadline.

stalking horse wants preference

[more April 6 The Weinstein Company’s lawyers reiterated today the need for the breakup fee and reimbursement, saying Lantern Capital wouldn’t proceed without them.]

Lantern’s agreement, reached before The Weinstein Co. filed for protection from creditors in bankruptcy court, calls for a $9.3 million break-up fee and reimbursement of up to $6.2 million in expenses. The studio urges the court to approve these fees — saying they were necessary to entice Lantern to enter a so-called “Stalking Horse” agreement that effectively sets a minimum price for subsequent bidding on the Weinstein Co.’s assets. “Permitting the Stalking Horse to prime other administrative expense claimants has no basis in the bankruptcy code,” Trustee Andrew R. Vara has objected.

[March 20:  TWC business to be a preeminent content provider, they say ]

harvey-weinstein-releaseing-less-indiependent-movies

Lantern Capital Partners “promise to reposition the business as a preeminent content provider, while cultivating a positive presence in the industry.” The Weinstein Company said it struck a deal with an affiliate of private equity firm Lantern Capital Partners to acquire its assets and filed for bankruptcy in the Delaware court, listing $500 million to $1 billion in liabilities and $500 million to $1 billion in assets.

 

[ March 15 Glasser: wrongful termination, retaliation, breach of contract and defamation ]

David Glasser has hired Sauer & Wagner to sue TWC and its remaining board members — Bob Weinstein, Lance Maerov and Tarak Ben Ammar for wrongful termination, retaliation, breach of contract and defamation.

 

[September 27 2011 TWC: Bruno is back ]
The Weinstein Company announced September 26 that Stephen Bruno, after a stint at HBO, will return as the head of marketing.

Bruno, former assistant to Harvey Weinstein, had departed TWC for HBO less than a year ago.

He’ll report to his old boss, Harvey Weinstein, as well as company COO David Glasser.