Category: Business

  • MIL-OSI Security: NATO Deputy Secretary General discusses a stronger and fairer NATO, and deterring aggression, at LANDEURO symposium

    Source: NATO

    On Thursday (17 July 2025), NATO Deputy Secretary General Radmila Shekerinska addressed the LANDEURO symposium of The Association of the United States’ Army, discussing the role of the Allies’ armed forces and industry in deterring aggression.

    Thank you, General Brown.

    And good afternoon, everyone.

    It’s great to be here in Wiesbaden, home to the US Army’s Europe and Africa Headquarters.

    And a critical hub for America’s efforts to ensure stability across the region, but also beyond.

    Wiesbaden also houses our NATO command, the Security Assistance and Training command for Ukraine.

    With hundreds of personnel from NATO and partner countries who work hard, every day.

    To support Ukraine and to coordinate thousands of movements of military supplies, so that Ukraine can fight for it’s freedom, for peace, and for security.

    So what a better place to discuss the role of our armed forces and industry in deterring aggression.

    Let me start by thanking the organisers, the Association of the United States’ Army, for bringing us together to discuss this and many other important topics.

    Less than a month ago, leaders of all Allied nations gathered for the NATO Summit in The Hague.

    And they all had one clear objective.

    How to keep one billion people living in NATO countries safe today.

    And how to deter any possibility of aggression in the future.

    How to make sure that our Alliance can fulfil and I would say continue, in the next 75 and more years, to fulfil our sacred mission.

    What we saw in The Hague at the NATO Summit was bold decisions from our political leaders.

    A strong demonstration of our transatlantic unity and resolve.

    Allies have managed to agree on a very ambitious Defence Investment Plan, a new one, The Hague one,

    to invest 5 percent of GDP for our security by 2035.

    And this really is a game-changer.

    And I shouldn’t be saying this in this room, because you can understand how much of an impact will this have for our deterrence and our defence.

    It will massively increase NATO’s strength and war-fighting capabilities.

    And it will definitely ensure that we continue what we do best, and this is deliver peace, but through strength.

    At least 3.5% of GDP out of the 5% target will be spent on so called core miliary requirements.

    They will be spend on what one can say is the heavy metal of our armed forces — many of you here today.

    And this is the heavy metal that you all need to deter and defend.

    Among all these capability requirements that all Allies have agreed to even a month before the Hague Summit,

    What we have included in this number is a five-fold increase of our air and missile defence systems,

    thousands more armoured vehicles and tanks,

    and millions more artillery shells,

    and drones, and air jets.

    All these things contribute to the capability targets that we need, and the capability targets that require 3.5% of GDP so that they can be financed in due time.

    At the same time, Allies agreed to spend 1.5% of GDP on defence and security related expenses.

    This means more money to support our militaries and societies to become more secure.

    In a world where microchips matter as much as the latest missiles every part of our society and our economy must step up for security.

    From strong cyber defences to secure supply chains.

    From greater resilience to more investment in roads, railways and ports for the sake of our defence plans.

    This is all about making sure that we can get our forces to the right place at the right time, but equipped with the right capabilities.

    It’s also about responding to the world as it is now, not as we wish it to be.

    Preparing for war costs money, 5% is a lot of money.

    But not preparing for it will cost us far more, both in terms of money and in terms of lives. We are no longer fighting wars of choice, where everything is plannable and we set the timetable.

    It is our adversaries that are setting the pace of production and defining the moment.

    Russia is rearming faster than many people have imagined.

    It is enabled by Chinese technology, Iranian drones, and North Korean missiles but also boots on the ground.

    What’s more, Putin has shown that he will not hesitate to use military force to achieve his goals.

    China is also carrying out its own massive military modernisation.

    It is rapidly expanding its nuclear arsenal, completely unconstrained by any arms control agreements.

    It is flexing its muscles in the South China Sea and sharpening its tools of economic coercion in the Euro-Atlantic.

    And while all this is happening, we also cannot underestimate the persistent instability in the Middle East,

    divisive rhetoric in the Western Balkans,

    and the ongoing threats of terrorism.

    So as the world becomes more dangerous, more turbulent,

    NATO must become stronger, fairer and, and this is the right place to use the word, more lethal.

    To leave no adversary in any doubt that we will do what it takes to protect and defend each other.

    A couple of weeks ago, we bid a fond farewell to General Cavoli, who as you know wore two hats.

    He was both NATO’s Supreme Allied Commander, our SACEUR, but also Commander of the US’s European forces.

    And let me use this opportunity to say that he has played really a fundamental role in transforming the Alliance, even prior to the NATO Summit.

    He has really supported us in fostering a stronger bond between NATO’s Supreme Allied Headquarters in Mons, SHAPE, and the United States’ European Command in Stuttgart.

    General Cavoli made sure that we have robust regional plans to defend every inch of Allied territory.

    And that we continue to modernise NATO’s multi-domain warfighting capabilities.

    From the seabed to outer space, we cannot afford to have any weak links.

    The conflicts in Ukraine, but also the instability and the conflicts in the Middle East have transformed modern warfare.

    In Ukraine, we have seen tactics and trench-warfare from the last world wars, combined with the completely new technology from the next.

    Ukraine has pioneered the use of drones, I was able to see remarkable examples for this, but not only in the air domain.

    But also to neutralise the threat of the Russian army in the Black Sea.

    And to strike Russian military targets far beyond the frontlines.

    Both Russia and Ukraine have carried out kinetic and non-kinetic attacks — across land, sea, air, cyber and information space — and all of this simultaneously.

    This was done to certain extent in devastating ways.

    And we need to therefore think differently about how we operate.

    Not in silos — but really seamlessly across all domains — and at the same time.

    So when we develop our capabilities, this is the thinking, this is the logic.

    This is the philosophy that we have to take into account.

    We also need to think about how we integrate the latest technologies with conventional capabilities to gain the maximum effect.

    And this was very much what SACEUR and SACT worked on in the last years.

    But this is why we were also delighted to welcome General Alexus Grynkewich as our new Supreme Allied Commander.

    He has championed innovation and developed cutting-edge capabilities for our armed forces.

    His appointment demonstrates the United States’ ironclad commitment to our shared security.

    As America continues to put forward its brightest and best in service of the United States of America, but also in the service of the Alliance.

    At the Summit, we heard really strong statements from the US leadership, from President Trump, but also from the two Secretaries and all the representatives.

    How dedicated and how committed they are to NATO and to our collective defence.

    The US continues to stand foursquare with its NATO Allies.

    Because it is good for America’s security and it is vital for the transatlantic security.

    The US has played and continues to play an indispensable role in our Alliance.

    Providing critical enablers, reinforcements, and of course its nuclear deterrence – the ultimate guarantor of our security.

    At the same time, America’s Allies, European and Canada, are stepping up.

    All Allies, all 32 of them, will spend 2 percent of GDP on defence this year, as we have agreed time ago in Wales.

    And many are already going much further and much faster.

    Some of them have stepped up and approached 5% even before the Summit. And this is remarkable leadership.

    They are making sure that we have collectively what we need to deter and defend.

    That’s why the other major focus of the Summit in The Hague was defence production.

    Because cash alone does not deter our adversaries. It does not by itself provide security.

    But concrete capabilities do.

    Our adversaries won’t be deterred just because of our statements, because of our pledges, because of our words.

    But by strong defences, well-equipped troops, and the latest weapons systems.

    This is why the Secretary General has been tireless in his efforts to engage not only with Allied leaders or with the militaries, but also with defence industries on both sides of the Atlantic.

    He has been urging them to open new production lines, put in the extra shifts, really ramp up production.

    But also to boost innovation and come up with capabilities that are actually meaningful today and tomorrow.

    And they are.

    They are really prepared for this game-changing environment around us.

    Across the Alliance, industry has opened hundreds of new production lines and expanded existing ones.

    We are now on course to produce more ships, more planes and ammunition than we have done in decades.

    But we still need to do more.

    NATO Allies today are home to world-class defence companies – some of them present today here with us – the best researchers, and the most innovative entrepreneurs.

    But we need to do these things more, better and faster to drive even more production both on the American but also on the European side of the Atlantic.

    And, again, we need to think differently about how and who we partner with.

    This means working with everyone from the defence primes to civilian start-ups to integrate the latest technologies into our defence.

    But it also means working together not among us in the Alliance, but also with our partners, from Ukraine, European Union, to the Indo-Pacific. All of them joined us for the Hague Summit and we agreed to do more, together, including or especially focusing on defence production.

    There is so much we can learn from Ukraine, and we already are learning.

    We have opened a new joint centre in Poland, the so-called JATEC [the NATO-Ukraine Joint Analysis, Training and Education Centre] to do that exactly. To help Ukraine, but also, in the same way use the experience so that we can create stronger deterrence and defence.

    We are also determined to work even more closely with our partners — Australia, Japan, New Zealand and South Korea — including on defence production.

    They are the source of so many of today’s cutting-edge capabilities.

    Ladies and gentlemen,

    NATO is the strongest and most successful defensive Alliance in history of mankind.

    We have done that. We have secured. We have protected one billion citizens.

    Because we combine the finest armed forces, with the most innovative economies.

    And because of our solemn promise to protect and defend each other.

    So this sense of unity, solidarity, joint work is very strong and continues to be very important for us.

    So let me end by thanking all of you here for the vital role you have played in our security.

    I know I can count and we can count on you to keep our Alliance strong and our one billion people safe.

    Thank you very much for your attention and I look forward to our discussions.

    MIL Security OSI

  • MIL-OSI: Landsbankinn hf.: Landsbankinn’s results for the first half of 2025

    Source: GlobeNewswire (MIL-OSI)

    • Landsbankinn’s profit in the first half of 2025 amounted to ISK 18.3 billion after tax, ISK 10.4 billion thereof in the second quarter. 
    • Annualised ROE was 11.5% as compared with 10.5% for the same period the previous year. 
    • The net interest margin as a ratio of average total asset position was 2.9% and the net interest margin of domestic households was 2.1% during the period. 
    • Net interest income amounted to ISK 32.5 billion and net fee and commission income was ISK 6.2 billion.  
    • TM’s performance in the period 28 February to 30 June 2025 from insurance contracts was ISK 925 million, thereof ISK 655 million in the second quarter. The combined ratio of TM, 93.2%, is the combined claims ratio, cost-income ratio and reinsurance ratio calculated based on income from insurance contracts in the first half of 2025. 
    • The cost-income ratio was 35.8%, compared with 33.1% for the same period of 2024. 
    • The total capital ratio was 24.0% at the end of the period. The Financial Supervisory Authority (FSA) of the Central Bank of Iceland sets the total capital requirement at 20.4%. 
    • In February, the Bank finalised the sale of Additional Tier 1 securities (AT1) in the amount of USD 100 million. This was the Bank’s inaugural AT1 issuance. The Bank also issued senior non-preferred bonds in the amount of NOK 500 million and SEK 1,300 million. There was considerable over-demand for the bonds. 
    • The Bank’s AGM on 19 March 2025 approved payment of a dividend of ISK 18.9 million to shareholders. Total dividend paid by the Bank since 2013 will amount to ISK 210.6 billion at the end of the year. 
    • Settlement of the purchase by Landsbankinn of TM tryggingar hf. and delivery took place 28 February 2025 and the Bank assumed operation of the company as of that date. The Annual General Meeting of TM, held on 29 April 2025, approved a motion from the Board of Directors to pay a dividend to shareholders for the operating year 2024 in the amount of ISK 2.5 million.   
    • At the end of April, the international rating agency S&P Global Ratings announced an upgrade of the Bank’s credit rating, from BBB+ to A-. This is the highest credit rating Landsbankinn has achieved since 2014, when S&P started rating the Bank. 

    Lilja Björk Einarsdóttir, CEO of Landsbankinn: 

     “The Bank’s strong half-year results reflect its solid position. A broad range of services contributes to stable and sound operations, and continuous improvements enhance customer satisfaction. Significant market volatility in the past three months has impacted returns from investment assets but fee and commission income increased year-over-year. Defaults have not increased despite persistently high interest rates, which is encouraging. 

    There has been a noticeable slowdown in the Bank’s mortgage lending, alongside reduced demand for non-indexed mortgages. On the other hand, corporate lending has grown steadily. There is strong growth in deposits and market funding has also been successful. The Bank’s issuance of EUR 300 million in green bonds in June was at the most favourable terms it has received in many years, following an upgrade to the Bank’s credit rating. With this issuance, all of the Bank’s general bond issues in euros are now green. 

    The integration of TM into the Landsbankinn group is progressing well. We have made several organisational changes and operations to best leverage the group’s strengths and the results so far are promising. Our focus is on increasing TM’s market share in the insurance sector by boosting insurance sales through Landsbankinn’s distribution network, as well as maintaining TM’s strong customer relationships, particularly with corporate clients. 

    Landsbankinn recently advertised for sale the beautiful and historic building at Austurstræti 11, along with three adjacent properties. The sales process has not yet concluded and emphasis is being placed on conducting it carefully and professionally. The Bank has a long-standing history in the city centre, as does TM, which in June moved its main office operations back down-town, to Kalkofnsvegur. At the same time, 24 TM employees transferred to the Bank and TM’s branch was merged with Landsbankinn’s branch at Reykjastræti 6. As is the case with Landsbréf, TM shares various services with Landsbankinn. Close cooperation within the group is key to achieving success and continuing to provide excellent customer service. By leveraging all our strengths to support our customers, we contribute to a prosperous future for them and for society as a whole.” 

    Landsbankinn’s financial calendar 

    • Q3 2025 23 October 2025 
    • Annual results 2025 29 January 2026 

    For further information contact:

    Public Relations, pr@landsbankinn.is

    Investor Relations, ir@landsbankinn.is

    Attachments

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Augusta Gold Corp. (OTCMKTS: AUGG)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 17, 2025 (GLOBE NEWSWIRE) —

    Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Augusta Gold Corp. (OTCMKTS: AUGG) related to its merger with AngloGold Ashanti Holdings, Inc. Upon completion of the proposed transaction, each outstanding share of Augusta will be converted in the right to receive CAD$1.70 in cash. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/augusta-gold-corp/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI: 100mph Media (AI Division) Launches Tailored Al Automation Solutions Platform to Help Businesses Thrive Amid Digital Darwinian Change

    Source: GlobeNewswire (MIL-OSI)

    Birmingham, UK , July 17, 2025 (GLOBE NEWSWIRE) — In today’s fast-evolving and increasingly Digital Darwinistic landscape, only the smartest and fastest businesses will survive—and thrive. 100mph Media, the AI Division of the 100mph Group of Online Companies, is dedicated to helping organisations navigate this critical era by delivering client-first, tailored AI automation solutions that accelerate growth, streamline operations, and give businesses the competitive edge needed to outpace rivals.

    Digital Evolution

    Navigating Digital Darwinism: In a Level Playing Field, Speed is Survival

    The internet has radically democratised business opportunity, breaking down traditional barriers of scale, geography, and industry. Today, companies of all sizes and sectors operate on a near-complete level playing field—where success no longer depends on being the biggest or most established, but on being the fastest to adapt and innovate.

    In this fiercely competitive digital ecosystem, the battle for survival belongs to those who seize AI automation first. Lagging behind means risking irrelevance as quicker competitors harness technology to streamline operations, engage customers, and capture market share.

    “Survival today isn’t about size—it’s about speed and smart adaptation,” says the Founder and CEO of 100mph Media. “Our mission is to empower clients to move fast, outpace competitors, and future-proof their businesses in this new era of digital Darwinism.”

    Putting Clients First: Tailored AI Solutions Designed Around You

    Every business is unique. 100mph Media’s proprietary Self-Assignment Process matches expert AI specialists to your specific needs—ensuring solutions are precise, effective, and integrate seamlessly with your existing systems.

    At the core of our solutions is n8n, a powerful low-code, open-source workflow automation platform trusted by over 200,000 users worldwide—including major enterprises and household names. Unlike no-code tools, n8n’s low-code flexibility allows our specialists to combine visual workflow design with custom coding, enabling the rapid creation of sophisticated, highly tailored automation solutions that perfectly match your business requirements.

    This low-code approach strikes the ideal balance between speed and customisation—making expert talent essential to translate your AI ambitions into scalable, secure automations that maintain full control over your data and processes.

    Whether you operate legacy platforms or modern cloud services, our flexible AI automation fits smoothly—minimising disruption while maximising impact.

    Real Results Backed by Empathy and Expertise

    Clients partnering with 100mph Media report transformative outcomes driven by expertly crafted low-code automations that accelerate business processes without sacrificing flexibility or control:

    • Up to 35% faster data processing enabling smarter decisions
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    • Enterprise-grade security and compliance with flexible deployment options including on-premises hosting for complete data sovereignty

    We understand that AI can feel daunting. That’s why we listen carefully and guide you through every step with transparency and support.

    Explore Real-World Use Cases: Inspiration for Your Unique Automation Journey

    Understanding how AI can transform your specific workflows starts with seeing concrete examples. Our website features an interactive use case library where clients and prospects can browse detailed, clickable pop-up examples of AI automation in action across industries and business functions.

    Each use case offers clear, jargon-free insights on solving challenges like market intelligence, compliance tracking, customer interaction scaling, and more. This immersive browsing experience is designed to spark ideas and help you envision tailored AI solutions for your own organisation.

    Prospective clients are encouraged to explore these use cases at www.100mphmedia.co.uk/ai-division — a valuable step that prepares you to complete our AI Implementation Needs Assessment with clarity and confidence.

    “Seeing real-world examples makes AI approachable and actionable,” says 100mph Media Founder. “We want our clients to feel inspired and empowered from the very first visit—knowledge is power in outpacing competitors within this digital Darwinism era.”

    Explore AI Driven Influencer Marketing

    As an early adopter of 100mph Media’s cutting-edge AI automation services—built on a low-code foundation that combines speed with customisation—you gain access to a unique, innovative marketing approach—combining your custom business workflows with authentic influencer storytelling fuelled by data-driven SEO insights and topical authority.

    Why This Matters:

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    Your First Step: The AI Implementation Needs Assessment

    To remove guesswork and tailor your AI journey effectively, 100mph Media offers a free AI Implementation Needs Assessment—a simple, guided form designed to understand:

    • Your key business challenges and goals
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    • Automation readiness and budget
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    This personalised diagnostic creates your roadmap—empowering you with clarity, confidence, and a path forward.

    Learn more about how your business can benefit.

    As AI adoption grows, an early assessment can provide strategic advantages. In this digital Darwinism era, hesitation can result in lost opportunities—or even being overtaken entirely.

    To explore how your business can evolve with AI Automation, visit our website, explore our use cases and complete the free AI Implementation Needs Assessment at: https://100mphmedia.co.uk/ai-division

    About 100mph Media (AI Division)

    Part of the 100mph Group of Online Companies, 100mph Media accelerates business evolution through client-first AI automation solutions. Combining proprietary methodologies, industry expertise, and transparent collaboration, we empower organisations to thrive amid relentless digital disruption.

    Media Contact:
    Matthew Walters
    Founder & CEO
    Email: admin@100mphonline.com

    Client-Centred

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Onconetix, Inc. (NASDAQ: ONCO)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 17, 2025 (GLOBE NEWSWIRE) —

    Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Onconetix, Inc. (NASDAQ: ONCO) related to its merger with Ocuvex Therapeutics, Inc. Upon completion of the proposed transaction, each share of Ocuvex will be exchanged for a number of Onconetix shares based on a defined exchange ratio, resulting in Ocuvex shareholders owning approximately 90% of the combined company and Onconetix shareholders owning approximately 10%. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/onconetix-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI Submissions: Supreme Court news coverage has talked a lot more about politics ever since the 2016 death of Scalia and GOP blocking of Obama’s proposed nominee

    Source: The Conversation – USA – By Joshua Boston, Associate Professor of Political Science, Bowling Green State University

    Reporters used to treat the Supreme Court as a nonpolitical institution, but not anymore. Tetra Images/Getty

    The U.S. Supreme Court has always ruled on politically controversial issues. From elections to civil rights, from abortion to free speech, the justices frequently weigh in on the country’s most debated problems.

    And because of the court’s influence over national policy, political parties and interest groups battle fiercely over who gets appointed to the high court.

    The public typically finds out about the court – including its significant decisions and the politics surrounding appointments – from the news media. While elected officeholders and candidates make direct appeals to their voters, the justices and Supreme Court nominees are different – they largely rely on the news to disseminate information about the court, giving the public at least a cursory understanding.

    Recently, something has changed in newspaper coverage of the Supreme Court. As scholars of judicial politics, political institutions and political behavior, we set out to understand precisely how media coverage of the court has changed over the past 40 years. Specifically, we analyzed the content of every article referencing the Supreme Court in five major newspapers from 1980 to 2023.

    Of course, people get their news from a variety of sources, but we have no reason to believe the trends we uncovered in our research of traditional newspapers do not apply broadly. Research indicates that alternative media sources largely follow the lead of traditional beat reporters.

    What we found: Politics has a much stronger presence in articles today than in years past, with a notable increase beginning in 2016.

    When public goodwill prevailed

    Not many cases have been more important in the past quarter-century or, from a partisan perspective, more contentious than Bush v. Gore – the December 2000 ruling that stopped a ballot recount, resulting in then-Texas Governor George W. Bush defeating Democratic candidate Al Gore and winning the presidential election.

    Bush v. Gore is particularly interesting to us because nine unelected, life-tenured justices functionally decided an election.

    The New York Times story about the Supreme Court’s decision in Bush v. Gore indicated the justices’ names and votes but neither the party of the president who appointed them nor their ideological leanings.
    Screenshot, The New York Times

    Surprisingly, the court’s public support didn’t suffer, ostensibly because the court had built up a sufficient store of public goodwill.

    One reason public support remained steady following Bush v. Gore might be newspaper coverage. Although the court’s decision reflected the justices’ ideologies, with the more conservative members effectively voting to end the recount and its more liberal members voting in favor of the recount, newspapers largely ignored the role of politics in the decision.

    For example, the New York Times case coverage indicated the justices’ names and their votes but mentioned neither the party of the president who appointed them nor their ideological leanings. The words “Democrat,” “Republican,” “liberal” and “conservative” – what we call political frames – do not appear in the Dec. 13, 2000, story about the decision.

    This epitomizes court-related newspaper articles from the 1980s to the early 2000s, when reporters treated the court as a nonpolitical institution. According to our research, court-related news articles in The New York Times, The Washington Post, Chicago Tribune, Los Angeles Times and The Wall Street Journal hardly used political frames during that time.

    Instead, newspapers perpetuated a dominant belief among the public that Supreme Court decisions were based almost completely on legal principles rather than political preferences. This belief, in turn, bolstered support for the court.

    Recent newspaper coverage reveals a starkly different pattern.

    A contemporary political court

    It would be nearly impossible to read contemporary articles about the Supreme Court without getting the impression that it is just as political as Congress and the presidency.

    Analyzing our data from 1980 to 2023, the average number of political frames per article tripled. To be sure, politics has always played a role in the court’s decisions. Now, newspapers are making that clear. The question is when this change occurred.

    Across the five major newspapers, reporting about the court has gradually become more political over time. That isn’t surprising: America has been gradually polarizing since the 1980s as well, and the changes in news media coverage reflect that polarization.

    Take February of 2016, when Justice Antonin Scalia unexpectedly died. Of course, justices have died while serving on the court before. But Scalia was a conservative icon, and his death could have swung the court to the center or the left.

    How the politics of naming his successor played out after Scalia’s death was unprecedented.

    President Barack Obama’s nomination effort to put Merrick Garland on the court were stonewalled. The Senate majority leader, Republican Mitch McConnell of Kentucky, said the Senate would not consider any nomination until after the presidential election, nine months from Scalia’s death.

    Republican candidate Donald Trump, seeing an opening, promised to fill the vacancy with a conservative justice who would overturn Roe v. Wade. The court and the 2016 election became inseparable.

    President Barack Obama and first lady Michelle Obama pay respects to Justice Antonin Scalia, whose 2016 death brought lasting change in newspaper coverage of the court.
    Tom Williams/CQ Roll Call via Getty Images

    Scalia vacancy changed everything

    February 2016 brought about an abrupt and lasting change in newspaper coverage. The day before Scalia’s death, a typical article referencing the court used 3.22 political frames.

    The day after, 10.48.

    We see an uptick in political frames if we consider annual changes as well. In 2015, newspapers averaged 3.50 political frames per article about the Supreme Court. Then, in 2016, 5.30.

    Using a variety of statistical methods to identify enduring framing shifts, we consistently find February 2016 as the moment newspapers shifted to higher levels of political framing of the court. We find the number of political frames in newspapers remained elevated through 2023.

    How stories frame something shapes how people think about it.

    If an article frames a court decision as “originalist” – an analytical approach that says constitutional texts should be interpreted as they were understood at the time they became law – then readers might think of the court as legalistic.

    But if the newspaper were to frame the decision as “conservative,” then readers might think of the court as ideological.

    We found in our study that when people read an article about a court decision using political frames, court approval declines. That’s because most people desire a legal court rather than a political one. No wonder polls today find the court with precariously low public support.

    We do not necessarily hold journalists responsible for the court’s dramatic decline in public support. The bigger issue may be the court rather than reporters. If the court acts politically, and the justices behave ideologically, then reporters are doing their job: writing accurate stories.

    That poses yet another problem. Before Trump’s three court appointments, the bench was known for its relative balance. Sometimes decisions were liberal; other times, conservative.

    In June 2013, the court provided protections to same-sex marriages. Two days earlier, the court struck down part of the Voting Rights Act. A liberal win, a conservative win – that’s what we might expect from a legal institution.

    Today the court is different. For most salient issues, the court supports conservative policies.

    Given, first, the media’s willingness to emphasize the court’s politics, and second, the justices’ ideologically consistent decisions across critical issues, it is unlikely that the news media retreats from political framing anytime soon.

    If that’s the case, the court may need to adjust to its low public approval.

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Supreme Court news coverage has talked a lot more about politics ever since the 2016 death of Scalia and GOP blocking of Obama’s proposed nominee – https://theconversation.com/supreme-court-news-coverage-has-talked-a-lot-more-about-politics-ever-since-the-2016-death-of-scalia-and-gop-blocking-of-obamas-proposed-nominee-259120

    MIL OSI

  • MIL-OSI: rPlus Energies Welcomes Jason Espersen as General Counsel

    Source: GlobeNewswire (MIL-OSI)

    Espersen joins to support rPlus Energies’ 15-gigawatt portfolio and continued national expansion

    SALT LAKE CITY, July 17, 2025 (GLOBE NEWSWIRE) — rPlus Energies announced today the appointment of Jason Espersen as the company’s General Counsel. Espersen brings several years of commercial and legal expertise in energy projects and infrastructure transactions, both domestically and internationally, with specialties in utility scale power plant development, construction, M&A, as well as with associated renewables supply chain, tariffs and trade compliance.

    “rPlus Energies’ demonstrated track-record and continued growth in the Intermountain West as well as the company’s transition from developer and construction manager to independent power producer provides an exciting opportunity,” said Jason Espersen. “I am thrilled to join their team of execution-oriented, community-minded experts.”

    Espersen’s career includes high-level legal and commercial roles in different segments of the renewable energy industry. Prior to joining rPlus Energies, Espersen spent 10 years at SunPower Corporation and Maxeon Solar Technologies, the NASDAQ-listed spin-off from SunPower Corporation. Espersen began his legal career in energy at Vinson & Elkins LLP in Houston, TX.

    “I’m pleased to welcome Jason to rPlus Energies,” said Luigi Resta, President and CEO. “While he has big shoes to fill, Jason’s depth of experience and expertise in utility scale transactions and policy will be a valuable asset as we continue to grow. In addition to his legal expertise, Jason’s commitment to pro bono work supporting underserved communities aligns closely with the values we uphold at the company.”

    Espersen will transition into the role over the coming months as current General Counsel John Spilman begins his planned succession toward retirement. Through this transition period and beyond, Mr. Spilman will assume the role of General Counsel Emeritus for rPlus Energies.

    After a significant platform investment of up to $460 million from Sandbrook Capital last year, rPlus Energies secured over $1 billion in construction debt financing and over $500 million in tax equity financing for its Utah-based 800-megawatt (MW) Green River Energy Center. The company boasts a diversified portfolio of more than 15 gigawatts (GW) under development, including over 1 GW currently under construction and more than 600 megawatts of operating assets.

    About rPlus Energies

    rPlus Energies is a team of committed energy industry professionals working together to develop, own and operate utility scale renewable energy generation and electric storage projects in the United States. The company specializes in bringing projects to market through partnership with the private sector, municipalities, utilities, and industry-leading technology, service and finance providers. Its portfolio consists of a strategic mix of solar, battery, wind, and pumped storage hydro facilities. To date, rPlus Energies has raised over $690,000 to support local scholarships in the project communities. rPlus Energies is headquartered in Salt Lake City, Utah and is backed by Sandbrook Capital and Gardner Group.

    rPlus Energies Media Contact
    Marjorie Bonga
    marjorie@teamsilverline.com 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f55b25ad-df9b-45fe-aef1-d9dc6ad1ae1d

    The MIL Network

  • MIL-OSI: Siili Solutions Plc: Share Repurchase Programme Completed

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc: Share Repurchase Programme Completed 

    Siili Solutions Plc Stock Exchange Release 17 July 2025 at 19:00 EEST 

    Siili Solutions Plc: Share Repurchase Programme Completed 

    Siili Solutions Plc announced on 26 May 2025 that the Board of Directors had decided to launch a share repurchase programme. The purpose of the programme was to acquire the company’s own shares to cover obligations arising from long-term share-based incentive schemes. 

    Siili has today completed the aforementioned share repurchase programme. The repurchases commenced on 2 June 2025 and ended today, 17 July 2025. During the repurchase period, Siili acquired a total of 31,000 own shares, corresponding to approximately 0.38 percent of the company’s total shares. The average price per share was EUR 6.38, and the total purchase price amounted to approximately EUR 197 809. 

    Following the repurchases, Siili holds a total of 31,698 own shares, representing approximately 0.39 percent of the total number of shares in the company. 

    Further information: 
    Aleksi Kankainen, CFO 
    Email: aleksi.kankainen@siili.com 
    Phone: +358 40 534 2709 

    Distribution: 
    Nasdaq Helsinki Ltd 
    Key media 
    www.siili.com 

    Siili Solutions in brief 
    Siili Solutions Plc is a forerunner in AI-powered digital development. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Our main markets are Finland, the Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has grown profitably since its founding in 2005. www.siili.com/en 

    The MIL Network

  • MIL-OSI: Siili Solutions Plc: Share Repurchase Programme Completed

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc: Share Repurchase Programme Completed 

    Siili Solutions Plc Stock Exchange Release 17 July 2025 at 19:00 EEST 

    Siili Solutions Plc: Share Repurchase Programme Completed 

    Siili Solutions Plc announced on 26 May 2025 that the Board of Directors had decided to launch a share repurchase programme. The purpose of the programme was to acquire the company’s own shares to cover obligations arising from long-term share-based incentive schemes. 

    Siili has today completed the aforementioned share repurchase programme. The repurchases commenced on 2 June 2025 and ended today, 17 July 2025. During the repurchase period, Siili acquired a total of 31,000 own shares, corresponding to approximately 0.38 percent of the company’s total shares. The average price per share was EUR 6.38, and the total purchase price amounted to approximately EUR 197 809. 

    Following the repurchases, Siili holds a total of 31,698 own shares, representing approximately 0.39 percent of the total number of shares in the company. 

    Further information: 
    Aleksi Kankainen, CFO 
    Email: aleksi.kankainen@siili.com 
    Phone: +358 40 534 2709 

    Distribution: 
    Nasdaq Helsinki Ltd 
    Key media 
    www.siili.com 

    Siili Solutions in brief 
    Siili Solutions Plc is a forerunner in AI-powered digital development. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Our main markets are Finland, the Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has grown profitably since its founding in 2005. www.siili.com/en 

    The MIL Network

  • MIL-OSI: POET Technologies Completes Previously Announced US$25M Non-brokered Public Offering

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, July 17, 2025 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Corporation“) (TSXV: PTK; NASDAQ: POET), a leader in the design and implementation of highly-integrated optical engines and light sources for artificial intelligence networks, is pleased to announce that it has completed its previously announced non-brokered public offering of an aggregate 5,000,000 units of the Corporation (the “Units“) at a price of US$5.00 per Unit for aggregate gross proceeds to the Corporation of US$25,000,000 (the “Offering“). Each Unit is comprised of one common share of the Corporation (each, a “Common Share“) and one common share purchase warrant of the Corporation (each whole common share purchase warrant, a “Warrant“), with each Warrant being exercisable to acquire one Common Share at an exercise price of C$8.16 for a period of five years from the date of issuance.

    The Corporation intends to use the net proceeds of the Offering for working capital and general corporate purposes. No commission or finder’s fee was paid by the Corporation, and no underwriter or sales agent was engaged by the Corporation in connection with the Offering.

    The Offering was completed pursuant to a prospectus supplement (the “Prospectus Supplement“) to the short form base shelf prospectus (the “Base Shelf Prospectus“) of the Corporation dated September 6, 2024, filed on July 16, 2025, with the securities regulatory authorities in each of the provinces and territories of Canada, as well as with the U.S. Securities and Exchange Commission as part of the Corporation’s U.S. registration statement on Form F-10 (“Form F-10“) (Registration No. 333-280553) under the U.S.-Canada Multijurisdictional Disclosure System and General Instruction II.L, which included the Prospectus Supplement with such additions thereto and deletions therefrom as may be permitted or required by Form F-10. Copies of the Prospectus Supplement, including the Base Shelf Prospectus, are available on SEDAR+ at www.sedarplus.com and on EDGAR at www.sec.gov. The Offering was fully subscribed by certain institutional investors, each qualifying as an “accredited investor” under National Instrument 45-106 – Prospectus Exemptions of the Canadian Securities Administrators.

    The Offering remains subject to the final acceptance of the TSX Venture Exchange (the “Exchange“).

    This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About POET Technologies Inc.

    POET is a design and development company offering high-speed optical engines, light source products and custom optical modules to the artificial intelligence systems market and to hyperscale data centers.  POET’s photonic integration solutions are based on the POET Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques. POET’s Optical Interposer-based products are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, POET has designed and produced novel light source products for chip-to-chip data communication within and between AI servers, the next frontier for solving bandwidth and latency problems in AI systems.  POET’s Optical Interposer platform also solves device integration challenges across a broad range of communication, computing and sensing applications.  POET is headquartered in Toronto, Canada, with operations in Singapore, Penang, Malaysia and Shenzhen, China. More information about POET is available on our website at www.poet-technologies.com

    Cautionary Note Regarding Forward-Looking Information

    This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include, without limitation, the Corporation’s products, the scalability of the POET Optical Interposer and the success of the Corporation’s products, the Corporation’s ability to obtain the final approval of the Exchange, and the expected use of proceeds of the Offering. Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the size of the market for its products, the performance and availability of certain components, and the success of its customers in achieving market penetration for their products. Actual results could differ materially due to a number of factors, including, without limitation, the attractiveness of the Corporation’s product offerings, performance of its technology, the performance of key components, and ability of its customers to sell their products into the market. For further information concerning these and other risks and uncertainties, refer to the Corporation’s filings on SEDAR+ at www.sedarplus.ca and on the website of the U.S. Securities and Exchange Commission at www.sec.gov. Although the Corporation believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Corporation’s securities should not place undue reliance on forward-looking statements because the Corporation can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Corporation assumes no obligation to update or revise this forward-looking information and statements except as required by applicable securities laws.

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

    120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 Fax: 416-322-5075

    The MIL Network

  • MIL-OSI Africa: Africa’s financial sovereignty: Mobilizing institutional capital for development and resilience

    Source: APO

    As global capital flows evolve and development assistance dwindles, Africa finds itself at a critical point. On 28 May, during the African Development Bank Group’s 2025 Annual Meetings (www.AfDB.org), senior leaders, policymakers and financial experts gathered to chart a new course for the continent’s financial future – one based on mobilizing and deploying African resources and ingenuity.

    Organized by the Bank Group’s Resource Mobilization and Partnerships Department, in collaboration with the Bank’s Making Finance Work for Africa initiative, this side event brought together leading African experts in a conversation moderated by Victor Oladokun, Senior Advisor to the President of the African Development Bank Group for Communication and Stakeholder Engagement.

    With a 10 percent decline in development assistance and a 12 percent drop in foreign direct investment to USD 40 billion {in what period, and what’s the source of the data?}, the urgency of mobilizing domestic resources is pressing. The continent faces an annual infrastructure funding gap of between USD 68 billion and USD 108 billion, while attracting only 2 percent of global investment in this sector {Source?}.

    “The real question is not whether the capital exists – it does. The question is how to mobilize it on a large scale for productive, high-impact investments,” said Solomon Quaynor, the African Development Bank Group’s Vice-President for Private Sector, Infrastructure & Industrialization.

    He added, “Africa is not poor. Our institutional investors – pension funds, sovereign wealth funds, insurance companies, and even central banks – together manage more than USD 2.1 trillion in assets. If just 5 percent of these funds were directed towards infrastructure and the private sector, it would unlock more than USD 100 billion in long-term capital for the continent.”

    Partnerships and innovation

    The event highlighted some innovative African-led models for mobilizing institutional capital. For example, InfraCredit Nigeria, a pioneering credit enhancement institution, has secured more than USD 300 million in long-term financing in local currency for infrastructure projects.

    “The real risk associated with infrastructure assets is often overestimated. We have not recorded any losses on a portfolio of more than 20 projects in 12 sectors in eight years,” said Chinua Azubike, CEO of InfraCredit.

    Tafara Ethiopis, Vice President of the International Finance Corporation (IFC, the World Bank’s private-sector arm) for Africa, emphasized the need to strengthen the bankability of projects through more effective risk-sharing mechanisms. “It is essential to calibrate the distribution of risks and benefits between the public and private sectors properly to make projects bankable,” he said.

    Speakers also identified obstacles to mobilizing institutional capital and proposed solutions. Boitumelo Mosako, CEO of the Development Bank of Southern Africa (DBSA), highlighted the central role of good governance and rigorous project preparation in lowering risk and improving investor confidence.

    The Director General of Nigeria’s Securities and Exchange Commission (SEC), Timi Agama, stressed the importance of building trust through regulatory reforms, investor protection and financial education.

    Denis Charles Kouassi, CEO of Côte d’Ivoire’s National Social Security Fund, underscored the importance of aligning pension funds with national development priorities, saying, All the income we generate is reinvested directly into the national economy to finance our services and boost growth.”

    A call for collective action

    The Resource Mobilization and Partnerships Department of the African Development Bank Group is leading several initiatives aimed at mobilizing African institutional capital, including through instruments such as the Capital Markets Development Trust Fund, and strategic partnerships with regional and global stakeholders.

    “Yes, we need governance and accountability. But as Africans, we also need to learn to trust each other,” said Mosako.

    “The moment calls for vision. It also calls for innovation. And above all, it calls for action,” Quaynor affirmed, in his concluding remarks. “Let us pool our capital, our ideas, and our will, to build an Africa where infrastructure becomes a lever for prosperity, not a drag on it.”

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    To view photos from this session, click here (https://apo-opa.co/4f1e4og).

    About the African Development Bank Group:
    The African Development Bank Group is Africa’s leading development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). Represented in 41 African countries, with an external office in Japan, the Bank contributes to the economic development and social progress of its 54 regional member countries. For more information: www.AfDB.org

    Media files

    .

    MIL OSI Africa

  • MIL-OSI Video: Focus Session – Advancing TARGET Services with DLT transactions: Welcome Address

    Source: European Central Bank (video statements)

    Welcome address
    The Eurosystem launched a strategy to settle transactions recorded on distributed ledger technology (DLT) using central bank money. The initiative follows a two-track approach – Pontes and Appia – and will be built on the exploratory work on new technologies for wholesale central bank money settlement done with market participants in 2024. Learn more about how this strategy supports the wider EU policies and contributes to a harmonised and integrated European financial ecosystem.

    Dimitri Pattyn, Deputy Director General, ECB

    https://www.youtube.com/watch?v=CB1ccdH_4ts

    MIL OSI Video

  • MIL-OSI Video: Focus Session – Advancing TARGET Services with DLT transaction: Findings from the Exploratory work

    Source: European Central Bank (video statements)

    Findings from the exploratory work
    The Eurosystem tested three interoperability-type solutions in 2024 together with 64 participants which conducted 50 trials and experiments, with the aim of exploring the potential use of DLT to settle wholesale financial transactions. Learn more about the results of the exploratory work and the lessons learnt.

    Paul Gardin, Market Infrastructure Expert, ECB

    https://www.youtube.com/watch?v=T5BUSsIIRio

    MIL OSI Video

  • MIL-OSI Video: Focus Session – Advancing TARGET Services with DLT transactions: Short-term track: Pontes

    Source: European Central Bank (video statements)

    Short-term track: Pontes
    Deep dive into one of the tracks – Pontes which will provide a short-term offering to the market – including a pilot phase. It will offer euro central bank money settlement, linking market DLT platforms and TARGET Services to settle financial transactions. Learn more about the project roadmap and how you can be involved.

    George Kalogeropoulos, Deputy Head of Division, ECB

    https://www.youtube.com/watch?v=aZCxnDyxJhs

    MIL OSI Video

  • MIL-OSI Video: Focus Session – Advancing TARGET Services with DLT transactions: Long-term track: Appia

    Source: European Central Bank (video statements)

    Long-term track: Appia
    The ECB will provide insights on its work on the long-term integrated ecosystem using DLT, the collaboration with public and private stakeholders, and the international dimension.

    Holger Neuhaus, Head of Division, ECB

    https://www.youtube.com/watch?v=tpALWGpS15w

    MIL OSI Video

  • MIL-OSI Video: Focus Session – Advancing TARGET Services with DLT transactions: Closing remarks

    Source: European Central Bank (video statements)

    Closing remarks
    Dimitri Pattyn, Deputy Director General, ECB

    https://www.youtube.com/watch?v=FaB0tn30VnQ

    MIL OSI Video

  • MIL-OSI USA: Former U.S. Department of Energy Official Agrees to Pay $59,000 to Resolve Conflict-of-Interest Allegations

    Source: US State of Vermont

    Andrew L. Horn, a former Senior Advisor to the Secretary of Energy at the Department of Energy (DOE), has agreed to pay $59,000 to resolve allegations that he violated conflict-of-interest rules prior to his departure from the agency in 2021.  

    Among other things, the Ethics Reform Act of 1989 prohibits executive branch employees from participating personally and substantially in particular matters that will affect their own financial interests or the financial interests of certain parties with whom they have ties outside the government, including any organization with whom they are negotiating prospective employment. The United States alleges that in January 2021, Horn worked personally and substantially on a particular matter affecting the financial interests of a private company with which he was simultaneously negotiating contract terms to serve as a paid senior advisor following his upcoming separation from federal service. As part of the settlement, Horn has agreed to pay a civil penalty to resolve allegations that his conduct violated conflict-of-interest prohibitions for federal employees.

    “The Office of Inspector General prioritizes the ethical conduct of executive branch officials and thoroughly investigates all allegations regarding potential misconduct with the thorough help of our colleagues at the Department of Justice,” said Assistant Inspector General for Investigations Lewe F. Sessions of the Department of Energy, Office of Inspector General.

    The resolution obtained in this matter was the result of a coordinated effort between the Justice Department’s Civil Division, Commercial Litigation Branch, Fraud Section; DOE, Office of Inspector General; and Department of Defense, Office of Inspector General, Defense Criminal Investigative Service. This matter was handled by Trial Attorney Robbin O. Lee of the Civil Division.

    The claims resolved by the settlement are allegations only and there has been no determination of liability.

    MIL OSI USA News

  • MIL-OSI: BlockchainCloudMining Reaches $6,700 Daily Earnings Milestone for XRP Users

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, July 17, 2025 (GLOBE NEWSWIRE) — BlockchainCloudMining, a rapidly growing cloud mining platform, is helping XRP holders and other crypto users generate passive income—reportedly up to $6,700 per day—through its contract-based mining service.

    As short-term trading strategies face increasing uncertainty, BlockchainCloudMining offers a more stable and accessible alternative. Its “contract cloud mining” model enables users to earn daily payouts without needing to monitor market trends or manage complex infrastructure.

    Key Features of the BlockchainCloudMining Platform:

    • $12 bonus instantly upon sign-up
    • Daily payouts with no service or management fees
    • Supports 9+ cryptocurrencies including XRP, BTC, ETH, and USDT
    • Referral program offering bonuses up to $50,000
    • McAfee® & Cloudflare® security, 100% uptime, 24/7 technical support

    How It Works:

    1. Register for Free: New users receive a $12 bonus to start earning immediately.
    2. Purchase Mining Contracts: Options range from $100 to $33,000, with contract terms from 2 to 40 days and competitive ROI.


    You can earn more efficient and stable income by participating in the following contracts:

    • New User Experience Contract : Investment amount: $100, contract period 2 days, total income: $100 + $6.
    • WhatsMiner M66S : Investment amount: $500, contract period 7 days, total income: $500 + $45.5.
    • WhatsMiner M60 : Investment amount: $1,000, contract period 14 days, total income: $1,000 + $196.
    • Bitcoin Miner S21+ : Investment amount: $3,000, contract period 20 days, total income: $3,000 + $900.
    • ALPH Miner AL1: Investment amount: $10,000, contract period 35 days, total income: $10,000 + $5,950.
    • ANTSPACE HK3 : Investment amount: $33,000, contract period 40 days, total income: $33,000 + $26,400.

    You can get income the next day after purchasing the contract, or you can choose to withdraw to your crypto wallet or continue to purchase other contracts. (The platform has launched a variety of stable income contracts, for more contract details, please log in to the official website of Blockchaincloudmining.com)

    Industry Outlook:

    According to research by CryptoMetrics, cloud mining represents a growing trend among investors seeking stability in volatile markets. “Mainstream currency holders like XRP users are prioritizing income security over speculation,” said a CryptoMetrics analyst. “Platforms like BlockchainCloudMining are meeting that demand.”

    About BlockchainCloudMining:

    BlockchainCloudMining is a next-generation cloud mining platform enabling crypto users to generate passive income through secure, accessible, and user-friendly contract mining.

    For more details, visit the official website: BlockchainCloudMining.com
    Or consult the platform email: info@blockchaincloudmining.com

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network

  • MIL-OSI: Siili Solutions Plc: Share Repurchase 17.7.2025

    Source: GlobeNewswire (MIL-OSI)

    Siili Solutions Plc       Announcement  17.7.2025
         
         
    Siili Solutions Plc: Share Repurchase 17.7.2025  
         
    In the Helsinki Stock Exchange    
         
    Trade date           17.7.2025  
    Bourse trade         Buy  
    Share                  SIILI  
    Amount             720 Shares
    Average price/ share    6,7000 EUR
    Total cost            4 824,00 EUR
         
         
    Siili Solutions Plc now holds a total of 31 698 shares
    including the shares repurchased on 17.7.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
    On behalf of Siili Solutions Plc    
         
    Nordea Bank Oyj    
         
    Sami Huttunen Ilari Isomäki  
         
    Further information:    
    CFO Aleksi Kankainen    
    Email: aleksi.kankainen@siili.com    
    Tel. +358 50 584 2029    
         
    www.siili.com    

    Attachment

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Waters Corporation (NYSE: WAT)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 17, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Waters Corporation (NYSE: WAT) related to its merger with BD and Company’s Biosciences and Diagnostic Solutions. Upon completion of the proposed transaction, existing Waters shareholders are expected to own approximately 60.8% of the combined company. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/waters-corporation/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Longevity Health Holdings, Inc. (NASDAQ: XAGE)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 17, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Longevity Health Holdings, Inc. (NASDAQ: XAGE) related to its merger with 20/20 BioLabs, Inc. Upon completion of the proposed transaction, Longevity shareholders are expected to own approximately 49.9% of the combined company. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/longevity-health-holdings-inc/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI: $HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Voyager Acquisition Corp. (NASDAQ: VACH)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 17, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Voyager Acquisition Corp. (NASDAQ: VACH) related to its merger with Veraxa Biotech AG. Upon completion of the proposed transaction, each Voyager Class A and B ordinary share will be cancelled and exchanged for one Class A ordinary share in the combined company. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/voyager-acquisition-corp/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI United Kingdom: A Transport Manager in common

    Source: United Kingdom – Executive Government & Departments

    Press release

    A Transport Manager in common

    Following a pair of public inquiries, transport manager Michael James has found himself without repute and with a disqualification of considerable length.

    The Traffic Commissioner for the North West, David Mullan heard the cases of De-Luxe Coach Services Ltd and South Derbyshire Coaches Ltd in quick succession. These companies and public inquiries had one notable thing in common, a transport manager who had previously lost and regained his repute.

    Both companies also had a similar range of failings; maintenance deficiencies, unsuitable inspection records and an absence of brake testing.

    Mr. James readily accepted that he had failed in his Transport Manager responsibilities. His passion for buses led to a focus on that as a hobby, alongside a focus on the buying and selling of buses. The commissioner was told that his personality is such that he struggles to delegate. This resulted in him taking on too much responsibility and failing to focus on the important issues.

    Mr Mullan said “Mr. James has failed in his lawful duty to ensure effective and continuous management of the Operator’s transport service. The failures are wide ranging and whilst I recognise that he has obtained certificates showing continuous professional development they actually give me some cause for concern. To be so absent of one’s duties, despite recent training, leaves me questioning how could Mr. James actually be rehabilitated.”

    The transport manager lost his repute and was disqualified for seven years from both holding or obtaining an Operator’s licence and from acting in the capacity of transport manager for any road transport undertaking.

    De-Luxe Coach Services Ltd had its licence revoked but South Derbyshire Coaches Ltd was suspended for 21 days to ensure minimal disruption to school services, and for alternative arrangements to be made for registered services, both of which are reliant upon this operator.

    The full written decisions can be found here and here.

    For any further details or enquiries, please contact: pressoffice@otc.gov.uk

    Updates to this page

    Published 17 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Record £14.5 billion of export financing supports 70,000 jobs

    Source: United Kingdom – Executive Government & Departments

    Press release

    Record £14.5 billion of export financing supports 70,000 jobs

    UK economy and workers have benefited from the export credit agency’s highest level of business ever

    • UK Export Finance provided a record £14.5 billion in new financing last year, helping over 667 UK companies to export and grow 

    • Up to 70,000 jobs and £5.4 billion to national GDP supported by UKEF financing, delivering on the government’s Plan for Change 

    • Detailed in UKEF’s annual report for 2024-25, support for UK businesses helps turbocharge the economy and deliver growth opportunities across the country 

    UK Export Finance (UKEF) provided £14.5 billion in loans, guarantees and insurance over the last year and supported tens of thousands of jobs in key industrial sectors around the country, according to its latest accounts published today. 

    UKEF is the UK’s export credit agency and a government department, working alongside the Department for Business and Trade. Established in 1919, it exists to ensure that no viable UK export fails for lack of finance or insurance from the private market, while operating at no net cost to the taxpayer. 

    UKEF provided the highest level of support in its 106-year history in 2024-25 to help 667 UK firms break into international markets and grow as exporters. 

    Businesses benefitting include Yorkshire-based Angloco and Ayrshire-headquartered Emergency One which won contracts to supply 62 fire engines to Iraq after UKEF provided a loan to its Ministry of Finance, and Northern Ireland pressure washer manufacturer Maxflow is entering new markets overseas after it gained access to capital with help of a guarantee provided through UKEF’s General Export Facility. 

    UKEF’s efforts to champion UK exporters supported up to 70,000 jobs including in key industrial sectors like clean energy industries, advanced manufacturing, life sciences and automotive which are central to the government’s Modern Industrial Strategy.  

    Overall, UKEF’s financing in the year backed the contribution of up to £5.4 billion (GDP) to the economy – helping to drive productivity and raise living standards as part of the government’s Plan for Change. 

    Sustainability and helping sectors transition to the low-carbon economy are key priorities for UKEF as part of its 2024-2029 Business Plan, strengthening the government’s efforts to make the UK a clean energy superpower.  

    The department provided £2.3 billion of strategic clean growth financing supporting ventures like the expansion of AESC’s new gigafactory in Teesside – announced by Chancellor Rachel Reeves – producing batteries that will power up to 100,000 electric vehicles a year, and to recycled paper manufacturer Shotton Mill in North Wales that is to become the largest of its kind in the UK and reducing net carbon emissions.  

    Chancellor of the Exchequer, Rachel Reeves, said: 

    Our number one mission is delivering growth to put more money in people’s pockets.  

    That’s why we increased UKEF’s lending capacity by billions and have given more flexibility to invest in priority sectors like defence, building on its record levels of support for businesses to export and grow, and the tens of thousands of jobs it has secured.

    Smaller firms remain central to UKEF’s mission to boost exports. The department supported 496 small and medium-sized enterprises (SMEs) in 2024/25, of which 83% are based outside of London.  

    Business and Trade Secretary, Jonathan Reynolds, said:

    Our Plan for Change is backing British business to take advantage of export opportunities abroad to create jobs and growth at home. 

    Through record support, UKEF is playing a key role in achieving this, providing financial backing to exporters across the UK looking to grow and compete overseas. 

    UK Export Finance CEO, Tim Reid, added:

    I’m proud of our record-breaking year in which we’ve achieved real impact by forging new strategic global partnerships, boosting hundreds of exporters and supporting tens of thousands of jobs. 

    With customers at the heart of everything we do, we’re committed through our ambitious business plan to helping more British exporters firms succeed globally.  

    We’ve strengthened our products and supported more small businesses too – spreading the benefits of trade across the entire UK. 

    As we continue in our mission, we’re eager to play a key role in supporting the Industrial and Trade Strategies to drive sustainable economic growth.

    Marco Forgione, Director General at Chartered Institute of Export & International Trade, said:

    The record year for UK Export Finance is hugely welcome, and has helped small businesses up and down the country take that first step on their export journey.  

    Finance is often the missing piece in the jigsaw when looking to new markets. Access to the right tools at the right time can turn local ambition into international growth.  

    We now need to keep the momentum going, and help even more small businesses feel confident about exporting their fantastic goods and services around the world.

    Contact

    Media enquiries:

    Notes to editors: 

    1. Under the Direct Lending Facility, UK Export Finance (UKEF) provides loans within an overall limit of £13 billion to overseas buyers, allowing them to finance the purchase of capital goods and/or services from UK exporters. Of that limit, £3 billion has been allocated to support the defence sector. 

    The loans we provide for each transaction can be made in up to 8 currencies, with a value limit of £200 million (although more flexibility may be offered in limited circumstances). 

    1. UKEF’s General Export Facility (GEF) provides partial guarantees to banks to support UK exporters’ overall business growth, rather than being tied to specific export contracts. Eligible firms can use GEF to secure working capital, scale up their operations and position their business for international opportunities.

    Updates to this page

    Published 17 July 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Flexible workplace experience options highlighted in call to businesses

    Source: City of Wolverhampton

    City of Wolverhampton Council, West Midlands Combined Authority’s Careers Hub and The Careers & Enterprise Company yesterday (Wednesday) hosted an event at Molineux Stadium to highlight how businesses can get involved.

    Flexible workplace experiences make it easier than ever for businesses, especially small to medium enterprises, to get involved and make a real difference.

    Options include offering project experience for a day, hosting a young person one day a week, or inviting a class in just for a few hours so they can see what goes on in a business.

    The council’s Cabinet Member for City Development, Jobs and Skills, Councillor Chris Burden, said: “Too many young people in the West Midlands are missing out on workplace experiences because there aren’t enough being offered.

    “This week’s event was about highlighting to city businesses – no matter how big or small – the flexible ways they can support young people in this space.

    “Whatever works for businesses, works for us – and the young people of Wolverhampton.”

    Erica Chamberlain, Head of Strategic Business Partnerships at The Careers & Enterprise Company, said: “Workplace experiences are one of the most powerful ways young people can explore career options, develop employability skills and build confidence.

    “Small businesses are the backbone of the West Midlands economy, and they play a vital role in shaping the future talent pipeline, but we know that time and capacity can be a challenge. That’s why we’re championing flexible approaches that make it easier than ever for SMEs to get involved, whether it’s a few hours, a day, or something more regular.

    “The benefits for business are real too, from fresh perspectives and energy to early access to emerging local talent. This is about creating simple, meaningful opportunities that work for employers and inspire the next generation.”

    Any businesses interested in offering workplace experiences or want more information should contact the council’s Gemma Lisseman, Open Door Work Experience Co-ordinator, on 01902 552690 or 07773 190497, or email gemma.lisseman@wolverhampton.gov.uk

    MIL OSI United Kingdom

  • MIL-OSI Russia: The Ukrainian Parliament approved the new composition of the government

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    Kyiv, July 17 /Xinhua/ — The Verkhovna Rada of Ukraine on Thursday approved the composition of the country’s new government, headed by Yulia Svyrydenko, the Interfax-Ukraine news agency reported.

    Mikhail Fedorov has been appointed First Deputy Prime Minister and Minister of Digital Transformation.

    Alexey Sobolev headed the newly created united department – the Ministry of Economy, Environment and Agriculture.

    Parliamentarians appointed Taras Kachka, who previously held the post of Deputy Minister of Economy and Trade Representative of the country, as Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine.

    Svetlana Grinchuk has been appointed head of the Ministry of Energy. Before this appointment, she held the post of Minister of Environmental Protection and Natural Resources. At the same time, former Minister of Energy German Galushchenko has been appointed head of the Ministry of Justice.

    Y. Svyrydenko’s predecessor as Prime Minister of Ukraine, Denys Shmyhal, has become the head of the Ministry of Defense.

    Denis Ulyutin, who previously held the position of First Deputy Minister of Finance, has been appointed Minister of Social Policy, Family and Unity.

    Several members of the previous cabinet of ministers were reassigned to their previous posts.

    On Wednesday, the Verkhovna Rada dismissed Prime Minister D. Shmyhal from his post. In accordance with Ukrainian law, the dismissal of the head of government entailed the resignation of all members of the Cabinet. On Thursday, the parliament appointed Yulia Svyrydenko, who previously held the post of First Deputy Prime Minister and Minister of Economy, as the new Prime Minister. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News

  • MIL-OSI Security: Former U.S. Department of Energy Official Agrees to Pay $59,000 to Resolve Conflict-of-Interest Allegations

    Source: United States Attorneys General 7

    Andrew L. Horn, a former Senior Advisor to the Secretary of Energy at the Department of Energy (DOE), has agreed to pay $59,000 to resolve allegations that he violated conflict-of-interest rules prior to his departure from the agency in 2021.  

    Among other things, the Ethics Reform Act of 1989 prohibits executive branch employees from participating personally and substantially in particular matters that will affect their own financial interests or the financial interests of certain parties with whom they have ties outside the government, including any organization with whom they are negotiating prospective employment. The United States alleges that in January 2021, Horn worked personally and substantially on a particular matter affecting the financial interests of a private company with which he was simultaneously negotiating contract terms to serve as a paid senior advisor following his upcoming separation from federal service. As part of the settlement, Horn has agreed to pay a civil penalty to resolve allegations that his conduct violated conflict-of-interest prohibitions for federal employees.

    “The Office of Inspector General prioritizes the ethical conduct of executive branch officials and thoroughly investigates all allegations regarding potential misconduct with the thorough help of our colleagues at the Department of Justice,” said Assistant Inspector General for Investigations Lewe F. Sessions of the Department of Energy, Office of Inspector General.

    The resolution obtained in this matter was the result of a coordinated effort between the Justice Department’s Civil Division, Commercial Litigation Branch, Fraud Section; DOE, Office of Inspector General; and Department of Defense, Office of Inspector General, Defense Criminal Investigative Service. This matter was handled by Trial Attorney Robbin O. Lee of the Civil Division.

    The claims resolved by the settlement are allegations only and there has been no determination of liability.

    MIL Security OSI

  • MIL-OSI Security: Charleston Woman Pleads Guilty to Aiding and Abetting Money Laundering in Relation to a COVID-19 Fraud Scheme

    Source: US FBI

    CHARLESTON, W.Va. – Shamiese Wright, 32, of Charleston, pleaded guilty to aiding and abetting monetary laundering.

    According to court documents and statements made in court, Wright received $15,625 in proceeds from a criminally derived Paycheck Protection Plan (PPP) loan, guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). On April 19, 2021, co-defendant Kisha Sutton submitted a PPP loan application on Wright’s behalf, listing Wright as a self-employed individual who received $75,000 in gross income in 2020. The application was filed with an Internal Revenue Service (IRS) Form 1040, Schedule C Profit or Loss from Business, reflecting that Wright had earned $75,000 in 2020.

    As part of her guilty plea, Wright admitted that she was not self-employed, that she never earned $75,000 in any year, and that the IRS Form 1040 submitted with her application was fraudulent and created solely to obtain the PPP loan.

    A PPP lender in Florida approved Wright’s loan application, and $15,625 in fraudulent loan proceeds were electronically deposited in Wright’s personal bank account in Charleston on or about May 7, 2021. As part of her guilty plea, Wright admitted that she transferred $3,000 to Sutton from the fraudulent PPP loan proceeds using a digital wallet application between May 7, and May 21, 2021. Wright further admitted that the transfers were compensation for facilitating the submission of Wright’s fraudulent loan as they had agreed, and that she staggered her payments to Sutton and provided misleading transfer descriptions for them to conceal and disguise the nature and the source of the money. Wright spent the remainder of the fraudulent loan proceeds on personal expenses.

    The CARES Act made forgivable PPP loans available to qualifying sole proprietors, independent contractors and self-employed individuals adversely impacted by the COVID-19 pandemic, to replace their normal income and for certain other eligible expenses. Applicants were required to certify that they were in operation on February 15, 2020, and provide documentation showing their prior gross income from either 2019 or 2020.

    Wright is scheduled to be sentenced on October 29, 2025, and faces a maximum penalty of 20 years in prison, up to three years of supervised release, and a $500,000 fine. Wright also owes up to $18,736.73 in restitution.

    Wright and Sutton, 44, of Jersey City, New Jersey, are among several individuals indicted by a federal grand jury on charges alleging they and others conspired, as well as aided and abetted one another, to obtain fraudulent PPP loans totaling $140,625. Co-defendants William Powell and Damisha Brown each pleaded guilty to conspiracy to commit bank fraud. Powell, 35, of Huntington, is scheduled to be sentenced on August 14, 2025 and Brown, 32, of Charleston, is scheduled to be sentenced on October 2, 2025. Co-defendant Jasmine Spencer, 32, of Charleston, pleaded guilty on March 25, 2025, to aiding and abetting bank fraud and is scheduled to be sentenced on August 21, 2025.

    Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the Federal Bureau of Investigation (FBI), the West Virginia State Police – Bureau of Criminal Investigation (BCI), and the West Virginia State Auditor’s Office (WVSAO) Public Integrity and Fraud Unit (PIFU).

    United States District Judge Irene C. Berger presided over the hearing. Assistant United States Attorneys Jonathan T. Storage and Jennifer D. Gordon and former Assistant United States Attorney Holly Wilson have prosecuted the case.

    Individuals with information about allegations of fraud involving COVID-19 are encouraged to report it by calling the Department of Justice’s National Center for Disaster Fraud Hotline at 866-720-5721, or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 2:24-cr-192.

    MIL Security OSI

  • MIL-OSI Security: Federal Jury Convicts New Jersey Woman for Crimes Related to COVID-19 Fraud Scheme

    Source: US FBI

    CHARLESTON, W.Va. – After two days of trial, a federal jury convicted Kisha Sutton, 44, of Jersey City, New Jersey, of aiding and abetting bank fraud (Count one) and aiding and abetting laundering of monetary instruments (Count two).

    Evidence at trial proved that Sutton and co-defendant Shamiese Wright aided and abetted one another to obtain a fraudulent $15,625 Paycheck Protection Plan (PPP) loan on behalf of Wright, guaranteed by the Small Business Administration (SBA) under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Sutton received $3,000 in fraudulent PPP loan proceeds from Wright as part of their scheme.

    On April 19, 2021, Sutton submitted the PPP loan application on Wright’s behalf, listing Wright as a self-employed individual who received $75,000 in gross income in 2020. The application was filed with an Internal Revenue Service (IRS) Form 1040, Schedule C Profit or Loss from Business, reflecting that Wright had earned $75,000 in 2020. Evidence at trial showed that Wright was not self-employed, had never earned $75,000 in any year, had received unemployment benefits in 2020, and that the IRS Form 1040 submitted with Wright’s application was fraudulent and created solely to obtain the PPP loan.

    A PPP lender in Florida approved Wright’s loan application, and $15,625 in fraudulent loan proceeds were electronically deposited in Wright’s personal bank account in Charleston on or about May 7, 2021. Wright transferred the $3,000 to Sutton from the fraudulent PPP loan proceeds using a digital wallet application between May 7, and May 21, 2021. Wright staggered her payments to Sutton and provided misleading transfer descriptions for them to conceal and disguise the nature and the source of the money.

    The CARES Act made forgivable PPP loans available to qualifying sole proprietors, independent contractors and self-employed individuals adversely impacted by the COVID-19 pandemic, to replace their normal income and for certain other eligible expenses. Applicants were required to certify that they were in operation on February 15, 2020, and provide documentation showing their prior gross income from either 2019 or 2020.

    Sutton is scheduled to be sentenced on November 13, 2025, and faces a maximum penalty of 50 years in prison. Sutton owes restitution in an amount to be determined by the Court.

    “The CARES Act offered emergency assistance to struggling small businesses that were impacted by the pandemic. The defendant chose to exploit that lifeline for personal enrichment,” said Acting United States Attorney Lisa G. Johnston. “The United States Attorney’s Office for the Southern District of West Virginia is glad to have played a significant role teaming with our law enforcement partners to hold the defendant accountable.”

    Johnston commended the excellent investigative work of the Federal Bureau of Investigation (FBI), the West Virginia State Police – Bureau of Criminal Investigation (BCI), and the West Virginia State Auditor’s Office (WVSAO) Public Integrity and Fraud Unit (PIFU).

    Sutton and Wright and are among several individuals indicted by a federal grand jury on charges alleging they and others conspired, as well as aided and abetted one another, to obtain fraudulent PPP loans totaling $140,625. Wright, 32, of Charleston, pleaded guilty on July 14, 2025, to aiding and abetting the laundering of monetary instruments and is scheduled to be sentenced on October 29, 2025. William Powell and Damisha Brown each pleaded guilty to conspiracy to commit bank fraud. Powell, 35, of Huntington, is scheduled to be sentenced on August 14, 2025 and Brown, 32, of Charleston, is scheduled to be sentenced on October 2, 2025. Jasmine Spencer, 32, of Charleston, pleaded guilty on March 25, 2025, to aiding and abetting bank fraud and is scheduled to be sentenced on August 21, 2025.

    United States District Judge Irene C. Berger presided over the jury trial. Assistant United States Attorneys Jonathan T. Storage and Jennifer D. Gordon and former Assistant United States Attorney Holly Wilson have prosecuted the case.

    Individuals with information about allegations of fraud involving COVID-19 are encouraged to report it by calling the Department of Justice’s National Center for Disaster Fraud Hotline at 866-720-5721, or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 2:24-cr-192.

    MIL Security OSI

  • MIL-OSI USA: IAM Union Issues Statement on Delta Air Lines’ Settlement for Misuse of Taxpayer Pandemic Funds

    Source: US GOIAM Union

    WASHINGTON, July 16, 2025 – Brian Bryant, International President of the 600,000-member IAM Union, and Richie Johnsen, IAM Union Air Transport Territory General Vice President, issued the following statement in response to the U.S. Attorney’s Office for the Northern District of Georgia ordering Delta Air Lines to pay $8.1 million to settle alleged false claims act violations related to the Payroll Support Program:  

    “This settlement confirms what the IAM has said since 2020—Delta Air Lines took billions in taxpayer-funded relief money under the condition that workers’ jobs, pay and benefits would be protected, and then violated that agreement. 

    “The U.S. government has now validated our long-standing concerns: Delta’s actions were not just unethical but unlawful. The airline may not have reduced hourly wages, but it used mandatory unpaid leave and reduced scheduling to slash weekly and monthly pay, gutting the very protections the CARES  Act was designed to uphold.

    “In letters to the CEOs of Delta and JetBlue in 2020, 13 Senators led by Elizabeth Warren (D-MA) wrote,  “Your workers supported relief for airlines on the condition that their jobs, pay, and benefits would be protected. On April 23, 2020, the International Association of Machinists and Aerospace Workers wrote you a letter opposing your mandatory time off policy, and noting that, ‘The IAM, along with the all the other AFL-CIO affiliated transportation unions, and Delta JetBlue workers, fought for the federal stimulus to protect airline workers and save the airline industry from the ravages of the novel coronavirus pandemic,’ but that your company is ‘using that good faith support of airline workers around the country and at every carrier to [undermine the interest of your own workforces].’

    “Delta arrogantly ignored the law, its workers, and even direct appeals from members of Congress. This $8.1 million penalty is long overdue, but still falls short of fully compensating the workers and families who were financially harmed.

    “This is just one of many reasons why the IAM is organizing Delta workers across the country. Without a union contract, Delta management alone holds the power. Delta workers deserve a real voice on the job, legal protections, and a union that will fight for them in moments like this.

    “The IAM remains committed to holding any employer accountable for misuse of public funds at the expense of working people. This case should serve as a warning: workers’ rights are not optional, and corporations are not above the law.”

    The International Association of Machinists and Aerospace Workers (IAM) is one of North America’s largest and most diverse industrial trade unions, representing approximately 600,000 active and retired members in the aerospace, defense, airlines, railroad, transit, healthcare, automotive, and other industries across the United States and Canada.

    The post IAM Union Issues Statement on Delta Air Lines’ Settlement for Misuse of Taxpayer Pandemic Funds appeared first on IAM Union.

    MIL OSI USA News