NewzIntel.com

Category: Business

  • MIL-OSI Asia-Pac: List of Outcomes: Visit of the President of the Government of Spain, H.E. Mr. Pedro Sanchez, to India (October 28-29, 2024)

    Source: Government of India

    Posted On: 28 OCT 2024 6:30PM by PIB Delhi

    S.No. Outcomes

    1.

    Joint Inauguration of the Final Assembly Line Plant of C295 Aircraft in Vadodara that has been built by Tata Advanced Systems in collaboration with Airbus Spain.

    2.

    MoU on Cooperation in the field of Rail Transport

    3.

    Agreement on Cooperation and Mutual Assistance in Customs Matters

    4.

    Cultural Exchange Programme for the years 2024-2028

    5.

    Announcement of the Year 2026 as India-Spain Year of Culture, Tourism and AI

    6.

    Announcement for establishment of Spanish Consulate in Bengaluru and operationalisation of Indian Consulate in Barcelona

    7.

    Setting up of Fast Track Mechanism in DPIIT India and in Directorate General of International Trade and Investment, Ministry of Economy, Trade and Business in Spain, for facilitating mutual investments in India and Spain.

    8.

    Creation of Joint Commission under the Audio Visual Co-Production Agreement

     

    ***

    MJPS/SR

    (Release ID: 2068960) Visitor Counter : 38

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: SAIL observes Vigilance Awareness Week 2024

    Source: Government of India (2)

    Posted On: 28 OCT 2024 5:00PM by PIB Delhi

    Steel Authority of India Limited (SAIL) today inaugurated Vigilance Awareness Week (VAW) from 28th October till 3rd November, 2024 to promote integrity, transparency and ethical practices in SAIL. The program commenced at SAIL’s Corporate Office with Shri Amarendu Prakash, Chairman, SAIL, Shri VS Chakravarthy, Director (Commercial), Shri AK Tulsiani, Director (Finance), Shri KK Singh, Director (Personnel), Shri AK Singh, Director (Technical, Projects & Raw Materials) and Shri SN Gupta, CVO, SAIL offering floral tributes to Bharat Ratna Sardar Vallabh Bhai Patel. Thereafter, Integrity pledge was administered by Shri Amarendu Prakash, Chairman, SAIL to the SAIL collective.

    The VAW will see an array of activities across SAIL Plants and Units aimed at reinforcing ethical standards within SAIL. These activities include slogan writing, quiz, painting competitions and interactive sessions among others. SAIL employees, family members and students across SAIL Plants and Units will be participating in these activities. During the VAW Campaign period (from 15th August to 15th November, 2024), various outreach programmes such as Gram Sabhas, Vendor meets, programmes / activities by Ethics Clubs in SAIL townships are being conducted in SAIL Plants and Units to create awareness among stakeholders & school children.

    Shri Amarendu Prakash addressed the SAIL collective and said, “Integrity is not just about compliance, it is about building a culture where ethical behavior is second nature. Our commitment to integrity and transparency is an important factor in driving our organization’s success”. Shri S N Gupta, CVO, SAIL while addressing the gathering, highlighted the need for review of existing systems and procedures with a view to enhance transparency & accountability.

    ****

    MG/SK

    (Release ID: 2068895) Visitor Counter : 41

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: English rendering of Prime Minister’s Speech at the Inauguration Ceremony of the C-295 Aircraft Factory

    Source: Government of India (2)

    Posted On: 28 OCT 2024 4:58PM by PIB Delhi

    Excellency Pedro Sanchez, Governor of Gujarat Acharya Devvrat ji, Bharat’s Defence Minister Shri Rajnath Singh ji, Foreign Minister Shri S. Jaishankar ji, the popular Chief Minister of Gujarat Shri Bhupendrabhai Patel, Ministers from Spain and the State Government, all members of the Airbus and Tata teams, ladies and gentlemen!

    Namaskar!

    Buenos Días!

    My friend, Mr. Pedro Sanchez, is visiting Bharat for the first time. From today, we are giving a new direction to the partnership between Bharat and Spain. We are inaugurating the factory for the production of the C-295 Transport Aircraft. This factory will not only strengthen Bharat-Spain relations but also empower our mission, ‘Make in India, Make for the World’. My best wishes to the entire Airbus and Tata teams. Recently, we lost the great son of the nation, Ratan Tata ji. Had Ratan Tata ji been with us today, he would have been the happiest among us. Wherever his soul may be, I am sure he would be feeling immense joy today.

    Friends,

    The C-295 aircraft factory reflects the new work culture of New Bharat. From idea to execution, the speed with which Bharat operates today is evident here. The construction of this factory began two years ago in October. And this factory is ready for aircraft production in October itself. I have always focused on avoiding unnecessary delays in planning and execution. When I was the Chief Minister of Gujarat, a decision was taken to set up a factory to manufacture Bombardier train coaches in Vadodara. That factory was also set up for production within a record time. Today, we are exporting metro coaches made in that factory to other countries. I am confident that aircraft produced in this factory will also be exported worldwide in the future.

    Friends,

    The famous Spanish poet Antonio Machado once wrote: 

    “Traveler, there is no path… The path is made by walking.” 

    It implies that the moment we take the first step towards our goal, paths begin to form. Today, Bharat’s defence manufacturing ecosystem is reaching new heights. Had we not taken solid steps a decade ago, it would have been impossible to reach this milestone today. At that time, no one could imagine large-scale defence manufacturing in Bharat. Priorities and identity then were centred on imports. But we chose to tread a new path, setting new goals, and today we can see the results.

    Friends,

    To transform any possibility into prosperity, the right plan and the right partnership are essential. The transformation of Bharat’s defence sector is an example of the right plan and the right partnership. In the past decade, the country has made decisions that fostered a vibrant defence industry in Bharat. We expanded private sector participation in defence manufacturing, made public sector units efficient, converted ordnance factories into seven large companies, empowered DRDO and HAL, and developed two major defence corridors in UP and Tamil Nadu. These initiatives have infused the defence sector with new energy. Schemes like iDEX (Innovation for Defence Excellence) have fuelled start-ups, and in the last 5-6 years, nearly 1,000 new defence start-ups have emerged in Bharat. In the past 10 years, Bharat’s defence exports have increased by 30 times. Today, we are exporting defence equipment to over 100 countries in the world.

    Friends,

    Today, we are highly focused on skills and job creation in Bharat. This factory by Airbus and Tata will also generate thousands of jobs in Bharat. The indigenous manufacturing of 18,000 aircraft parts is set to begin due to this project. One part may be manufactured in one part of the country, while another part may be produced elsewhere, and who will manufacture these parts? Our micro and small enterprises (MSMEs) are going to lead this work. We are already one of the largest suppliers of parts to major aircraft companies worldwide. This new aircraft factory will give a boost to new skills and new industries in Bharat.

    Friends,

    I see this event as going beyond just manufacturing transport aircraft. Over the past decade, you have seen unprecedented growth and transformation in Bharat’s aviation sector. We are expanding air connectivity to hundreds of smaller cities across the country. We are working to make Bharat a hub for aviation and MRO (Maintenance, Repair, and Overhaul). This ecosystem will pave the way for ‘Made in India’ civil aircraft in the future. You must be aware that various Indian airlines have placed orders for 1,200 new aircraft. This means that in the future, this factory will play a crucial role in the design and manufacturing of civil aircraft to meet the needs of both Bharat and the world.

    Friends,

    Vadodara city will act as a catalyst in these efforts of Bharat. This city is already a strong centre for MSMEs, and we also have the Gati Shakti University here. This university is preparing professionals for various sectors. Vadodara has numerous companies related to the pharma sector, engineering and heavy machinery, chemicals and petrochemicals, and power and energy equipment. Now, this entire region is set to become a major hub for aviation manufacturing in Bharat. I congratulate the Gujarat government, Chief Minister Bhupendra Bhai, and his entire team for their modern industrial policies and decisions.

    Friends,

    Vadodara has another special characteristic. It is an important cultural city in Bharat, a city of heritage. Hence, I am especially pleased to welcome all of you from Spain here. Cultural connections hold a special significance between Bharat and Spain. I recall Father Carlos Valles, who came from Spain and settled in Gujarat, dedicating fifty years of his life here and enriching our culture through his thoughts and writings. I was fortunate to meet him several times. We honoured him with the Padma Shri for his remarkable contributions. In Gujarat, we lovingly called him Father Valles, and he used to write in Gujarati. His books have enriched Gujarati literature and our cultural heritage.

    Friends,

    I have heard that yoga is very popular in Spain. Indian fans also admire Spain’s football. Yesterday’s match between Real Madrid and Barcelona was widely discussed in Bharat, and Barcelona’s stunning victory became a topic of discussion here too. I guarantee that fans of both clubs in Bharat engage in banter just as passionately as those in Spain.

    Friends,

    Food, films, and football—all these elements are part of a strong people-to-people connection between our nations. I am delighted that Bharat and Spain have decided to celebrate 2026 as the India-Spain Year of Culture, Tourism, and AI.

    Friends,

    The partnership between Bharat and Spain is like a prism, which is multidimensional, vibrant, and ever-evolving. I am confident that today’s event will inspire many new joint collaboration projects between Bharat and Spain. I also invite the Spanish industry and innovators to come to Bharat and become part of our development journey. Once again, my best wishes to the Airbus and Tata teams for this project.

    Thank you. 

     

    ***

    MJPS/VJ/VK

    (Release ID: 2068891) Visitor Counter : 55

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Edgard Disaster Recovery Center to Become SBA Disaster Loan Outreach Center

    Source: United States Small Business Administration

    “As communities across the Southeast continue to recover and rebuild after Hurricanes Helene and Milton, the SBA remains focused on its mission to provide support to small businesses to help stabilize local economies, even in the face of diminished disaster funding,” said Administrator Isabel Casillas Guzman. “If your business has sustained physical damage, or you’ve lost inventory, equipment or revenues, the SBA will help you navigate the resources available and work with you at our recovery centers or with our customer service specialists in person and online so you can fully submit your disaster loan application and be ready to receive financial relief as soon as funds are replenished.”

    SACRAMENTO, Calif. – The State/Federal Disaster Recovery Center in Edgard will convert to a U.S. Small Business Administration’s Disaster Loan Outreach Center on Monday, Oct. 28. The center will continue to operate at the Westbank Library from 8:30 a.m. to 5:00 p.m. Mondays through Fridays.

    “At this stage of the recovery process, the emphasis for assistance is to meet the long-term needs of businesses and individuals that were impacted by Hurricane Francine that occurred Sept. 9-12,” said Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration. “The transition of the Edgard Disaster Recovery Center to an SBA Disaster Loan Outreach Center will better meet the current needs of St. John the Baptist Parish residents.

    “When disasters strike, our Disaster Loan Outreach Centers are key to helping business owners and residents get back on their feet,” Sánchez continued. “At these centers, people can connect directly with our specialists to apply for disaster loans and learn about the full range of programs available to rebuild and move forward in their recovery journey.”

    “SBA customer service representatives will continue to answer questions, explain the application process and help businesses and individuals apply for a low-interest disaster loan,” Sánchez added. The Disaster Loan Outreach Center will be open on the days and times indicated. No appointment is necessary.

    ST. JOHN THE BAPTIST PARISH
    Disaster Loan Outreach Center
    Westbank Library
    2979 Hwy. 18
    Edgard, LA  70049
    Opens at 8:30 a.m. Monday, Oct. 28
    Mondays – Fridays, 8:30 a.m. – 5:00 p.m.
    Closed on Monday, Nov. 11, for Veterans Day

    SBA continues to provide one-on-one assistance to disaster loan applicants in all the federal-state Disaster Recovery Centers and SBA Business Recovery Centers located throughout Louisiana. Please see a complete listing of locations and hours at SBA.gov/disaster.

    SBA’s low-interest federal disaster loans are available to businesses of all sizes and private nonprofit organizations may borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets.

    For small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size, SBA offers Economic Injury Disaster Loans to help meet working capital needs caused by the disaster. Economic injury assistance is available regardless of whether the business suffered any property damage.

    “SBA’s disaster loan program offers an important advantage–the chance to incorporate measures that can reduce the risk of future damage,” Sánchez said. “Work with contractors and mitigation professionals to strengthen your property and take advantage of the opportunity to request additional SBA disaster loan funds for these proactive improvements.”

    SBA provides federal low-interest disaster loans up to $500,000 to homeowners to repair or replace damaged or destroyed real estate. Homeowners and renters are eligible for up to $100,000 to repair or replace damaged or destroyed personal property, including personal vehicles.

    Interest rates can be as low as 4 percent for businesses, 3.25 percent for private nonprofit organizations and 2.813 percent for homeowners and renters with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

    Interest does not begin to accrue until 12 months from the date of the first disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.

    To be considered for all forms of disaster assistance, survivors must first contact the Federal Emergency Management Agency at https://www.disasterassistance.gov.

    On October 15, 2024, it was announced that funds for the Disaster Loan Program have been fully expended. While no new loans can be issued until Congress appropriates additional funding, we remain committed to supporting disaster survivors. Applications will continue to be accepted and processed to ensure individuals and businesses are prepared to receive assistance once funding becomes available.

    Applicants are encouraged to submit their loan applications promptly for review in anticipation of future funding.

    Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to apply for property damage is Nov. 18, 2024. The deadline to apply for economic injury is June 16, 2025.

    ###

    About the U.S. Small Business Administration
    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI USA: Deadline Approaching in Arkansas for SBA Working Capital Loans Due to Drought

    Source: United States Small Business Administration

    “As communities across the Southeast continue to recover and rebuild after Hurricanes Helene and Milton, the SBA remains focused on its mission to provide support to small businesses to help stabilize local economies, even in the face of diminished disaster funding,” said Administrator Isabel Casillas Guzman. “If your business has sustained physical damage, or you’ve lost inventory, equipment or revenues, the SBA will help you navigate the resources available and work with you at our recovery centers or with our customer service specialists, in person and online, so you can fully submit your disaster loan application and be ready to receive financial relief as soon as funds are replenished.”

    SACRAMENTO, Calif. – Francisco Sánchez Jr., associate administrator for the Office of Disaster Recovery and Resilience at the Small Business Administration, today reminded small nonfarm businesses in 32 Arkansas counties and neighboring counties in Louisiana, Mississippi and Tennessee of the Nov. 25, 2024, deadline to apply for an SBA federal disaster loan for economic injury. These low‑interest loans are to offset economic losses because of reduced revenues caused by drought in the following primary counties that began Nov. 1, 2023.

    Primary Arkansas counties:  Arkansas, Ashley, Bradley, Calhoun, Chicot, Cleveland, Crittenden, Dallas, Desha, Drew, Grant, Jefferson, Lee, Lincoln, Lonoke, Monroe, Phillips, Prairie, St. Francis and Union;
    Neighboring Arkansas counties:  Clark, Columbia, Cross, Faulkner, Hot Spring, Mississippi, Ouachita, Poinsett, Pulaski, Saline, White and Woodruff;
    Neighboring Louisiana parishes: Claiborne, East Carroll, Morehouse, Union and West Carroll;
    Neighboring Mississippi counties: Bolivar, Coahoma, DeSoto, Issaquena, Tunica and Washington;
    Neighboring Tennessee counties:  Shelby and Tipton.

    When farmers face crop losses and a disaster is declared by the Secretary of Agriculture, SBA working capital loans become a lifeline for eligible small businesses. “These loans are the backbone that helps rural communities bounce back and thrive after a disaster strikes,” Sánchez said.

    According to Sánchez, small nonfarm businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of any size may apply for Economic Injury Disaster Loans of up to $2 million to help meet working capital needs caused by the disaster. “Economic Injury Disaster Loans may be used to pay fixed debts, payroll, accounts payable and other bills that cannot be paid because of the disaster’s impact,” Sánchez continued.

    “SBA eligibility covers both the economic impacts on businesses dependent on farmers and ranchers that have suffered agricultural production losses caused by the disaster and businesses directly impacted by the disaster. Economic injury assistance is available regardless of whether the applicant suffered any property damage,” Sánchez added.

    The interest rate is 4 percent for businesses and 3.25 percent for private nonprofit organizations with terms up to 30 years. Loan amounts and terms are set by SBA and are based on each applicant’s financial condition.

    Interest does not begin to accrue until 12 months from the date of the initial disaster loan disbursement. SBA disaster loan repayment begins 12 months from the date of the first disbursement.

    On October 15, 2024, it was announced that funds for the Disaster Loan Program have been fully expended. While no new loans can be issued until Congress appropriates additional funding, we remain committed to supporting disaster survivors. Applications will continue to be accepted and processed to ensure individuals and businesses are prepared to receive assistance once funding becomes available.

    Applicants are encouraged to submit their loan applications promptly for review in anticipation of future funding.

    By law, SBA makes Economic Injury Disaster Loans available when the U.S. Secretary of Agriculture designates an agricultural disaster. The Secretary declared this disaster on March 25.

    Businesses primarily engaged in farming or ranching are not eligible for SBA disaster assistance. Agricultural enterprises should contact the Farm Services Agency about the U.S. Department of Agriculture assistance made available by the Secretary’s declaration. However, nurseries are eligible for SBA disaster assistance in drought disasters.

    Applicants may apply online and receive additional disaster assistance information at SBA.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    ###

    About the U.S. Small Business Administration
    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News –

  • MIL-OSI USA: FEMA is Hiring in Southwest Virginia: Help Tropical Storm Helene Survivors

    Source: US Federal Emergency Management Agency

    Headline: FEMA is Hiring in Southwest Virginia: Help Tropical Storm Helene Survivors

    FEMA is Hiring in Southwest Virginia: Help Tropical Storm Helene Survivors

    BRISTOL, Va.— FEMA is hiring local residents to support the recovery of Virginians affected by Tropical Storm Helene. Opportunities are available as part of FEMA’s Local Hire and Reservists programs. Local hire employees are local residents who aid in the recovery of their community throughout the recovery process. Local hire employees are hired into 120-day appointments and may be extended based on the needs of the disaster. FEMA local hire employees are eligible for the following benefits:Health insurance for individual or family coverage. Employer contribution is 75% of premium. Local Hire employees are eligible for enrollment in health insurance coverage as of the official hire date/employment date with FEMA.Flexible spending accountsFederal long-term care insuranceAbility to earn 4 hours of paid sick leave per pay period.Holiday payWorker’s compensationCurrent local hire employee opportunities include:Voluntary Agency Liaison (Bristol) – the deadline to apply is October 27 at 11:59 p.m. ET or when 200 applications are received, which may be sooner than the closing date. Visual Imaging Specialist (Bristol) – the deadline to apply is October 27 at 11:59 p.m. ET or when 100 applications are received, which may be sooner than the closing date.Program Liaison Specialist (Bristol) – the deadline to apply is October 28 at 11:59 p.m. ET or when 200 applications are received, which may be sooner than the closing date.Intergovernmental/Congressional Affairs and Private Sector Specialist (Bristol) – the deadline to apply is October 29 at 11:59 p.m. ET or when 100 applications are received, which may be sooner than the closing date. Emergency Management Specialist 2 (Richmond and Bristol) – the deadline to apply is October 29 at 11:59 p.m. ET. Due to the unpredictable nature of disasters, FEMA employs a temporary, on-call workforce, known as Reservists. Reservist work is available on an as-needed basis (it is not full-time or continuous). As a Reservist, you may be requested to deploy based upon the needs of a disaster and the need for your position. Deployment opportunities and length of deployments are not guaranteed and may be unpredictable. Reservists should be prepared to deploy at moment’s notice. FEMA Reservists are eligible for the following benefits:Accrual of sick leave and overtime while deployedReimbursement for travelEligible for health benefitsLodging, meals, and per diem while deployedReservist opportunities are available on USAJobs.As the disaster operational needs shift, new positions may be posted. To see all open roles, visit USAJobs.gov, type “Local Hire” or “Reservists” in the keywords section and “Bristol” or “Virginia” for location. Apply online for all roles. For tips, including how to prepare your resume and navigate the website, visit USAJOBS Help Center – Application Process. Applicants must be U.S. citizens, 18 years of age or older, and must possess a high school diploma or GED. Individuals will be required to pass a background investigation that includes fingerprinting and credit check, be able to provide their own transportation to and from work and live within 50 miles of the employing office. Employees are also required to participate in mandatory direct deposit/electronic funds transfer for salary payment.The federal government and commonwealth are here to support recovery for the whole community. For additional disaster recovery resources, visit vaemergency.gov,  the Virginia Department of Emergency Management Facebook page , fema.gov/disaster/4831 and facebook.com/FEMA.  ###FEMA’s mission is helping people before, during, and after disasters. FEMA Region 3’s jurisdiction includes Delaware, the District of Columbia, Maryland, Pennsylvania, Virginia and West Virginia. Follow us on X at x.com/FEMAregion3 and on LinkedIn at linkedin.com/company/femaregion3.To apply for FEMA assistance, please call the FEMA Helpline at 1-800-621-3362, visit https://www.disasterassistance.gov/, or download and apply on the FEMA App. If you use a relay service, such as video relay service (VRS), captioned telephone service or others, give FEMA the number for that service. Multilingual operators are available (press 2 for Spanish and 3 for other languages). Disaster recovery assistance is available without regard to race, color, religion, nationality, sex, age, disability, English proficiency, or economic status.
    kelly.magarity
    Fri, 10/25/2024 – 15:31

    MIL OSI USA News –

  • MIL-OSI USA: State leverages over $200 million in federal funding through $57.81 million in matching grants to 37 public entities

    Source: US State of New Mexico

    SANTA FE — The New Mexico Department of Finance and Administration (DFA) awarded $57.81 million in matching grants to 37 public entities, leveraging over $200 million in federal funding for 57 projects. Of the grants, 54% went to rural areas, including Lincoln County and the Mescalero Apache Tribe for fire recovery.

    This first cycle of the New Mexico Match Fund supported 33 infrastructure, eight energy, four public safety, four emergency response, and eight general projects at 1 to 4 state-to-federal leveraged dollars. DFA began accepting applications on June 16, 2024.

    “This investment is a commitment to the resilience and growth of our rural communities,” said Gov. Michelle Lujan Grisham. “By removing barriers to federal resources, we are paving the way for sustainable development and improved infrastructure across New Mexico.”

    Enacted earlier this year, HB 177 created the New Mexico Match Fund to leverage once-in-a-generation federal funding for infrastructure, research, economic development, the energy transition, and other projects to leverage resources for the benefit of New Mexico.

    “The New Mexico Match Fund has already jumpstarted dozens of vital infrastructure, rural development, and public safety projects in its first four months,” said HB177 sponsor Representative Meredith A. Dixon. “This transformational program will continue to pay dividends for decades to come by improving our roads, strengthening communities statewide, and creating good-paying jobs for New Mexicans along the way.”

    “I am happy to see these much-needed funds for our local governments be put to use,” said HB177 sponsor Representative Gail Armstrong. “Local governments, especially in rural communities, are too often lacking matching resources to secure federal grants. The New Mexico Match Fund has now provided several underserved communities access to often missed federal funding opportunities.”

    “The New Mexico Match Fund is a prime example of how our executive and legislative collaboration can create meaningful assistance for our rural communities, as we’ve provided $31 million to rural entities in the first four months,” said DFA Cabinet Secretary Wayne Propst.

    With an initial appropriation of $75 million, and pursuant to the new law, DFA developed three grant programs providing eligible entities with a reliable and nimble source of funding to increase competitiveness for hundreds of federal grant program opportunities that require local match. Programs include the Matching Grant, Project Implementation Grant, and Federal Compliance Offset Grant. Earlier this year, the Village of Los Lunas received a $3 million Federal Compliance Offset Grant to help cover increased project costs associated with federal requirements tied to a U.S. Department of Transportation grant for the I-25 Interchange project.

    “Thanks to the New Mexico Match Fund, we can make available resources to provide our residents with the tools they need to succeed in today’s technology-driven landscape,” said Kevin Winner, Information Technology Director of the Pueblo of Jemez. “Our community has long recognized the necessity of digital access for growth and development.”

    Highlighted projects:

    • City of Gallup — The matching grant of $5,000,000 will leverage a $40,000,000 federal award for the Allison Road Corridor Part A Construction project, improving mobility and increasing safety for Gallup residents.
    • Lincoln County — The matching grant of $12,500,000 will leverage a $50,000,000 federal award for flood mitigation from South Fork and Salt Fires from the National Resource Conservation Service’s Emergency Watershed Protection Program.
    • Mescalero Apache Tribe — The matching grant of $2,392,750 will leverage a $21,834,750 federal award for flood mitigation from South Fork and Salt Fires from the National Resource Conservation Service’s Emergency Watershed Protection Program.
    • Santa Fe-Pojoaque Soil & Water Conservation District — The matching grant of $7,440,000 will leverage a $14,300,000 federal award from the National Resource Conservation Service’s Watershed Rehabilitation Program to repair Santa Cruz Dam Site-1.

    Full list of Matching Grant awarded entities:

    • Acequia Del Llano (Santa Cruz)
    • Bernalillo County
    • Central New Mexico Community College
    • City of Albuquerque
    • City of Carlsbad
    • City of Gallup
    • City of Lovington
    • City of Santa Fe
    • City of Socorro
    • Curry County
    • Doña Ana County
    • East Rio Arriba Soil and Water Conservation District
    • Eastern Plains Council of Governments
    • Energy, Minerals and Natural Resources Department, State Parks Division
    • Incorporated County of Los Alamos
    • Lincoln County
    • McKinley County
    • Mescalero Apache Tribe
    • Mora County
    • New Mexico Department of Finance and Administration, Local Government Division
    • New Mexico Higher Education Department, Adult Education Division
    • New Mexico Highlands University
    • New Mexico Institute of Mining and Technology
    • New Mexico Department of Transportation
    • New Mexico State University
    • North Central New Mexico Economic Development District
    • North Central Regional Transit District
    • Pueblo of Santa Ana
    • Pueblo of Jemez
    • Regina Mutual Domestic Water Consumers Association
    • San Juan County
    • Santa Fe, Pojoaque Soil & Water Conservation District
    • South Central Regional Transit District
    • Taos Pueblo
    • University of New Mexico
    • Village of Cimarron
    • Village of Logan
    • Village of Ruidoso

    Click to view list with project information.

    DFA is still accepting applications from public entities at the New Mexico Match Fund webpage.

    MIL OSI USA News –

  • MIL-OSI USA: Law Enforcement Plan Crack Down Through Halloween

    Source: US State of New York

    Governor Kathy Hochul today announced that State Police and local law enforcement will increase patrols through Halloween, targeting impaired and reckless drivers. The enforcement period begins on Friday, Oct. 25, and runs through Thursday, Oct. 31, and is funded by the Governor’s Traffic Safety Committee.

    “Responsible choices are key to ensuring that all New Yorkers have a safe and fun Halloween,” Governor Hochul said. “If you’re planning to celebrate, plan to have a sober ride home. I thank the New York State Police and our local law enforcement for keeping our children, communities and celebrations safe and fun.”

    During the enforcement period, drivers can expect several sobriety checkpoints and additional DWI patrols. In addition to targeting impaired drivers, law enforcement officers will also be looking for drivers that are distracted or speeding.

    During last year’s initiative, law enforcement officers issued 32,866 citations and 1,182 drivers were arrested for impaired driving and 6,495 drivers were ticketed for speeding.

    The National Highway Traffic Safety Administration reports Halloween is a particularly deadly night due to the high number of impaired drivers on the roads and a significant increase in pedestrians. In 2022, 72 people died in traffic crashes during Halloween night. Of those fatalities, 46 percent occurred in alcohol-related crashes.

    Children out trick-or-treating, and those who accompany them, are also at increased risk. According to AAA Northeast, from 2007 to 2021 federal crash data shows Halloween is the deadliest day for child pedestrians under the age of 18. A total of 49 children across the country were killed on Halloween during that period, nearly double the next deadliest day.

    The Governor’s Traffic Safety Committee and the State Department of Health are sharing the following helpful safety guidance for parents, caregivers and drivers to help avoid injuries and ensure a safe and happy Halloween.

    Safety Tips for Pedestrians

    • Walk on a sidewalk if one is available and use crosswalks. In areas without sidewalks, walk facing traffic.
    • Look left, right and left again and continue looking as you cross the street.
    • Watch for cars backing up and never dart out between parked cars.
    • Before the Halloween festivities begin, create a “buddy system” to get each other home safely and prevent walking alone. Stick to areas that are well lit and familiar.
    • To be safest, join other families and walk together. Walking in groups always makes you more visible.
    • In selecting costumes for children, make sure the child will be fully visible. Wear reflective clothing such as wristbands and shoes, carry a flashlight or glow sticks, or place reflective tape on costumes or trick-or-treat bags.
    • Be sure that shoes, hats and costumes fit well. A costume that is too long can be a danger for tripping while walking. Hats and masks should not block vision.
    • Do not use mobile phones or wear headphones. Always stay aware of your surroundings.

    Safety Tips for Drivers

    • Give yourself extra time to get to your destination. You may have to stop for trick-or-treaters, which may add to your travel time.
    • Slow down and continuously scan the road in areas where trick-or-treaters are likely to be or where visibility is limited. Slower speeds save lives.
    • Stay alert for pedestrians who may emerge from between parked cars or behind shrubbery. Stop and wait for them to pass.
    • Look for pedestrians, especially before turning at a green light and making a right turn on red.
    • Pay attention! Don’t look at your phone when driving. Always keep your attention on the road.
    • If you see a drunk driver, contact law enforcement.

    New York State Department of Motor Vehicles Commissioner Mark J.F. Schroeder said, “Enforcement periods like this are necessary to raise awareness about the dangers of impaired and reckless driving. We want everyone to be safe and enjoy Halloween festivities. Children and parents should never have to worry about getting home safely when they are out trick-or-treating.”

    New York State Police Superintendent Steven G. James said, “Halloween is meant to be a fun day, but it can turn deadly when someone makes the wrong choice to drink and drive. Drivers should exercise extreme caution and be mindful of extra pedestrian traffic as children and their parents will be out walking our streets. Together, we can work to make our roads safer for all who travel and walk them.”

    New York State Health Commissioner Dr. James McDonald said, “Halloween is the highlight of the fall season for many children and their families and it’s important to ensure avoid injuries when out trick-or-treating by practicing safe pedestrian rules. Pay attention to traffic signs and keep an eye out for drivers and for each other.”

    Delaware County Sheriff and President of the NYS Sheriffs’ Association Craig DuMond said, “There is plenty to fear this spooky time of year, but trick-or-treaters shouldn’t have to worry about dangerous drivers. Law enforcement will be out to make sure everyone is safe as families are enjoying Halloween, and sometimes the days before and after. Drivers need to be on the lookout for pedestrians. It is hard to see ghouls and goblins if you are speeding or driving impaired. The Sheriffs of New York State want you to enjoy your tricks and treats safely, so obey the speed limit and drive sober.”

    New York State Association of Chiefs of Police President and City of Batavia Police Department Chief Shawn Heubusch said, “Stay safe this Halloween: watch for pedestrians, don’t drive impaired, and slow down for trick-or-treaters. Let’s keep our communities safe and enjoyable for everyone.”

    In addition to offering safety tips ahead of Halloween, the State Department of Health promotes pedestrian safety all year long through its See! Be Seen! Pedestrian safety initiative, which recently included a Safe Street: Walking with Daisy campaign to teach kids in Grades K-5 some simple rules of the road to help them cross the street safely.

    For drivers who might find themselves in need of a way home after Halloween parties, the Governor’s Traffic Safety Committee and the New York State STOP-DWI Foundation’s “Have a Plan” mobile app, is available for Apple and Android smartphones. The app enables New Yorkers to locate and call a taxi service and program a designated driver list. It also provides information on DWI laws and penalties, and a way to report a suspected impaired driver.

    MIL OSI USA News –

  • MIL-OSI: Bitfarms Schedules Third Quarter 2024 Conference Call on November 12th, 2024

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Ontario and BROSSARD, Québec, Oct. 25, 2024 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global vertically integrated Bitcoin data center company, will report its third quarter 2024 financial results on Tuesday, November 12th, before the market opens. Management will host a conference call on the same day at 8:00 am EST. All Q3 2024 materials will be available before the call and can be accessed on the ‘Financial Results’ section of the Bitfarms investor site.

    The live webcast and a webcast replay of the conference call can be accessed here. To access the call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.

    About Bitfarms Ltd.

    Founded in 2017, Bitfarms is a global vertically integrated Bitcoin data center company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated data centers with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers best-in-class operational performance and uptime.

    Bitfarms currently has 12 operating Bitcoin data centers and two under development situated in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com

    https://www.facebook.com/bitfarms/
    https://twitter.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Investor Relations Contact:

    Bitfarms
    Tracy Krumme
    SVP, Head of IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contact:

    Québec: Tact
    Louis-Martin Leclerc
    +1 418-693-2425
    lmleclerc@tactconseil.ca

    The MIL Network –

  • MIL-OSI: MCQ Markets To Host Exclusive Webinar on October 31, 2024

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, Oct. 25, 2024 (GLOBE NEWSWIRE) — MCQ Markets, an emerging platform in the luxury asset investment space, is pleased to announce a webinar event featuring a corporate development update and a fireside chat with CEO Curt Hopkins. The event will take place on October 31, 2024, at 11:00 AM (ET).

    In this exclusive webinar, Curt Hopkins will provide insights into the latest developments at MCQ Markets, including recent growth initiatives, product innovations, and key strategic priorities for 2025. Following the corporate update, attendees will have the opportunity to engage in a live Q&A session during the fireside chat with the CEO, offering a unique opportunity to hear directly from an industry leader.

    The webinar is open to investors, clients, partners, and industry professionals, providing a platform for direct dialogue and deeper engagement with MCQ Markets.

    Event Details:

    “We’re excited to share our progress with our stakeholders and explore the exciting future ahead for MCQ Markets. This event represents a key opportunity for our community to stay informed and connected with the strategic direction of our company,” said Curt Hopkins, CEO of MCQ Markets.

    To register for the webinar, please visit the link above. Space is limited, so early registration is encouraged.

    About MCQ Markets

    MCQ Markets is redefining luxury asset ownership by making exotic automobiles attainable through its innovative fractional ownership model. The platform serves both passionate enthusiasts and seasoned investors, democratizing luxury ownership and allowing more individuals to invest in assets that were previously out of reach. For more information, please visit: https://www.mcqmarkets.com/

    Investments contain a high degree of risk. You should carefully review the MCQ Markets offering circular before deciding to invest, a copy of which is available on the Securities and Exchange Commission’s website, linked here: https://www.sec.gov/Archives/edgar/data/2025795/000149315224023512/partiiandiii.htm.

    Contact Information:

    MCQ Markets Media Contact
    Email: press@mcqmarkets.com

    The MIL Network –

  • MIL-OSI: DTE Energy begins operating its largest solar park, Sauk Solar

    Source: GlobeNewswire (MIL-OSI)

    Detroit, Oct. 25, 2024 (GLOBE NEWSWIRE) — DTE Energy (NYSE:DTE), Michigan’s largest producer of and investor in renewable energy, today announced that its largest solar park, Sauk Solar, is now operational. Located in central Michigan’s Branch County, the 150-megawatt solar park has nearly 347,000 solar panels and generates enough clean energy to power approximately 40,000 homes. 

    Sauk Solar is more than three times the size of DTE’s second largest solar park in Lapeer. It is also the first of six new solar parks to come online as DTE continues to build renewable energy projects to meet customer demand for more clean energy through its CleanVision MIGreenPower program. Sauk Solar, and the other five parks under construction, are funded by customers who are voluntarily enrolled in MIGreenPower. These new solar parks represent significant advancement toward the company’s goal of achieving net zero carbon emissions and reaching Michigan’s new renewable energy standard of 60% by 2035. 

    “As our largest solar park yet, Sauk Solar is a major accomplishment for DTE and all the teams that made it happen – but it’s also the first in a series of new solar developments that will have a major impact on the state of Michigan as a whole,” said Matt Paul, president and chief operating officer, DTE Electric. “Building out these parks is not only a critical step in ending our use of coal by 2032, but it will also help us meet our sustainability goals and deliver the clean, Michigan-made renewable energy our customers want. We thank the leaders and residents of Union Township, Branch County and Union City for helping make the new park a reality, so together we can strengthen local economies and build a cleaner energy future for generations to come.” 

    Sauk Solar created more than 350 local jobs during construction. Since 2009, the company’s investment in renewable energy has created an estimated 20,000 jobs in Michigan. Additionally, Sauk Solar will bring Branch County millions of dollars in added tax revenue over the life of the project, funding which can be used for roads, schools, first responders and other vital community services. 

    “DTE has been a great partner to work with,” said Bud Norman, Branch County administrator and controller. “It’s been exciting to collaborate with DTE on this knowing we’re not only creating a cleaner world for our kids and grandkids, but also bringing real, lasting change to our local economy.” 

    DTE already generates enough clean energy from wind and solar to power more than 750,000 homes and plans to power approximately 5.5 million homes with renewable energy by 2042. The company’s MIGreenPower program, one of the largest voluntary renewable energy programs in the country, is helping accelerate this clean energy transformation. MIGreenPower has nearly 100,000 residential and 1,900 business customers enrolled, and DTE plans to add more than 2,400 megawatts of new wind and solar to support those enrollments over the next 10 years. 

    About DTE Energy 

    DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, x.com/dte_energy and facebook.com/dteenergy.   

    The MIL Network –

  • MIL-OSI USA: Cortez Masto Announces Over $8.5 Million in Funding to Combat Youth Experiencing Homelessness in Clark County

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    Las Vegas, Nev. – U.S. Senator Catherine Cortez Masto (D-Nev.) today announced $8,548,153 in federal funding to support Clark County’s Youth Homelessness Demonstration Program (YHDP). Nevada has the highest rate of youth experiencing homelessness in the nation. These federal funds will support efforts to expand Clark County’s capacity to prevent youth from becoming unhoused, including through innovative programs that help young Nevadans find safe, stable housing and build pathways to financial self-reliance.

    “Every young Nevadan deserves a roof over their head—that’s why I worked to help secure these funds that will give Southern Nevada organizations the tools they need to provide safe housing and essential services for at-risk youth like education and employment assistance,” said Senator Cortez Masto. “I’ll continue fighting to get young people the support they need to succeed.”

    Senator Cortez Masto has delivered critical support to young Nevadans, and she’s worked to keep Nevadans in their homes – especially through her work with the Federal Home Loan Bank of San Francisco (FHLB-SF) system. She’s cosponsored bipartisan legislation to help provide stable housing options for foster care youth transitioning to adulthood, and she this year she secured $9.4 million from the FHLB-SF’s targeted fund she helped create — almost twice as much as Nevada received last year — to build more affordable housing. She also helped secure nearly $12 million in funding for the Communities in Schools (CIS) program, which works with local partner organizations to provide eligible students and their families with essential services, including mental health care and access to high-quality afterschool and leadership programs. Additionally, she has secured $950,000 to help Clark County School District better support students recovering from substance abuse and mental health struggles.

    MIL OSI USA News –

  • MIL-OSI Security: Aldie man sentenced to seven years and six months in prison for multi-million-dollar investment scheme

    Source: Office of United States Attorneys

    ALEXANDRIA, Va. – An Aldie man was sentenced today to seven years and six months in prison for scheme to defraud dozens of investors in Virginia, Maryland, North Carolina, New Jersey, Missouri, and elsewhere, causing $15 million dollars in losses.

    According to court documents, Babu Ramaraj, 47, owned DAB Inspection and Consulting Services, LLC (DAB), a small home contractor with modest revenues doing patio and deck projects. Ramaraj claimed to investors and potential investors that DAB had lucrative contracts with the Federal Aviation Administration, the Virginia Department of Transportation (VDOT), and others, and was a joint venture partner on a Washington DC Water Clean Rivers Project, for tens of millions of dollars each, supposedly to perform engineering inspection work on huge infrastructure projects.

    Ramaraj claimed he needed to make large upfront bond payments to secure the work but could not obtain bank financing because of the relative youth of DAB as a company and the speed with which DAB needed to secure the funding, which was supposedly not feasible with banks.

    In support of his claims, Ramaraj supplied to victims falsified contract award letters, invoices, DAB financial records, and other documents to induce dozens of investors to loan funds to DAB. The supposed bonds were never paid.

    From January 2020 through May 2024, Ramaraj pitched individuals, including members of his Loudon County cricket league, the opportunity to loan DAB money at high interest rates, annualized at 30% or more.  Using money from later investors, Ramaraj paid initial investors the promised returns to entice them to continue investing and to recruit other friends and family to invest.

    After being confronted by two investors and signing an acknowledgment in October 2023 that he had “tampered” with numerous contracts and financial records, Ramaraj continued to make material misrepresentations concerning DAB to other investors and potential investors. Ramaraj was pitching investors up to the time he was arrested on May 30, 2024. He has been held in custody as a flight risk since his arrest.

    Instead of paying for the promised bonds, Ramaraj electronically transferred investor funds to his online brokerage accounts to engage in securities trades; wired over $1 million to accounts in India; purchased several automobiles, including several Teslas; obtained real properties; incurred millions in stock market trading losses, and made other payments to fund his lifestyle. Ramaraj took in nearly $40 million and caused losses to investors of approximately $15 million.

    In addition to the prison sentence, the Court ordered Ramaraj to pay over $15 million in restitution.

    Jessica D. Aber, U.S. Attorney for the Eastern District of Virginia; David E. Geist, Acting Special Agent in Charge of the FBI Washington Field Office’s Criminal and Cyber Division; and Jehmal T. Hudson, Chair of the Virginia State Corporation Commission, made the announcement after sentencing by Senior U.S. District Judge Claude M. Hilton.

    Assistant U.S. Attorney Russell L. Carlberg prosecuted the case. Assistant U.S. Attorney Annie Zanobini is handling asset recovery efforts in the case.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information are located on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case No. 1:24-cr-147.

    MIL Security OSI –

  • MIL-OSI Security: Clarkston Woman Sentenced to 3 Years in Prison for Embezzling Over Three Million Dollars from Former Employer

    Source: Office of United States Attorneys

    DETROIT- A Clarkston woman was sentenced to 3 years in federal prison for wire fraud arising out of an embezzlement scheme targeting her former employer, announced United States Attorney Dawn N. Ison.

    Joining Ison in the announcement was Special Agent in Charge, Federal Bureau of Investigation, Cheyvoryea Gibson.

    Sally Lynn Elmore, 56, pleaded guilty in July 2024 to one count of wire fraud arising from a scheme to defraud her former employer that resulted in over $3 million in losses.  In addition to the 3 years’ imprisonment, United States District Judge Brandy R. McMillion ordered Elmore to pay $2.2 million in restitution to her victims and to pay a $3.2 million forfeiture money judgment. 

    According to Court documents, from April 2019 to December 2022, Elmore abused her position of trust and used her access to the payroll and banking systems of her employer to execute a scheme to fraudulently direct electronic payments—in the form of salary, bonuses, and expense reimbursements that she knew she was not entitled to receive—from her employer’s bank account to her personal bank accounts.  In order to conceal her fraud, Elmore prepared and presented falsified financial statements to her employer’s board, representing that the company was still in possession of funds that she had, in fact, fraudulently directed to herself. She also concealed the missing funds from the company’s insurer, causing the company to lose coverage for losses from theft.  In total, Elmore stole over $3 million and gambled most of it away. 

    “Elmore violated the trust placed in her as the director of finance and human resources for her company, stealing over three million dollars, nearly driving the company to insolvency, and putting the livelihoods of her fellow employees in jeopardy, stated United States Attorney Ison. “Our office will aggressively prosecute those individuals who abuse their authority to line their own pockets at others’ expense.”

    “Over the course of three years, Ms. Elmore betrayed her employer by exploiting her access to the company’s finances, stealing millions of dollars, and covering up her actions through deception,” said Cheyvoryea Gibson, Special Agent in Charge of the FBI in Michigan. “The FBI has zero tolerance for fraud against individuals or institutions and will continue to work with our partners at the U.S. Attorney’s Office to prosecute those involved in embezzlement schemes. We are committed to ensuring that anyone who abuses their position of trust faces justice.”

    The case was prosecuted by Assistant United States Attorney Alyse Wu. The investigation was conducted by the Federal Bureau of Investigation.

    MIL Security OSI –

  • MIL-OSI Security: Physician Charged in Scheme to Illegally Sell Cancer Drugs

    Source: Office of United States Attorneys

    Detroit – A Royal Oak physician was charged in an Indictment for his role in a multi-million-dollar scheme to illegally sell and divert expensive prescription cancer drugs, United States Attorney Dawn N. Ison announced.

    Joining Ison in the announcement were Special Agent in Charge Mario M. Pinto, U.S. Department of Health and Human Services, Office of Inspector General (HHS-OIG), Special Agent in Charge Cheyvoryea Gibson, Federal Bureau of Investigation (FBI), Special Agent in Charge Angie M. Salazar, Homeland Security Investigations (HSI), and Special Agent in Charge Ronne Malham, U.S. Food and Drug Administration (FDA).

    Charged in the Indictment is Dr. Naveed Aslam, age 51, of West Bloomfield, Michigan.

    The charges against Dr. Aslam include one count of conspiracy to illegally sell or trade prescription drugs and 10 counts of illegally selling or trading prescription drugs.

    According to the Indictment, by early 2019, and continuing through August 2023, Dr. Aslam, a licensed physician, worked with others to buy and sell expensive cancer drugs for profit and with the intent to defraud and mislead. The other individuals Dr. Aslam worked with identified customers interested in buying prescription cancer drugs, and they communicated with Dr. Aslam about what cancer drugs were requested. Dr. Aslam used his access to certain cancer drugs through his medical practice, Somerset Hematology and Oncology, P.C., to order and purchase the cancer drugs from his supplier. He then sold the cancer drugs to and through the other individuals’ company to the eventual customer. During this scheme, Dr. Aslam acquired and sold more than $17 million in prescription cancer drugs, and personally profited more than $2.5 million.

    “The safety and integrity of our country’s prescription drug supply lines – particularly for cancer drugs – is an important part of our health care system,” stated U.S. Attorney Ison. “As alleged, Dr. Aslam used his role as a physician to violate that integrity and divert prescription cancer drugs away from treating patients. My office is committed to prosecuting medical professionals who seek to profit, rather than protect, our health care system.”

    “Our agency is dedicated to ensuring that medical providers follow laws designed to protect both the integrity and solvency of Federal health care programs, as well as the beneficiaries they serve,” said Mario M. Pinto, Special Agent in Charge of the U.S. Department of Health and Human Services Office of Inspector General (HHS-OIG). “HHS-OIG will continue to work closely with our Federal law enforcement partners to thoroughly investigate allegations of fraud.”

    “Having the authority to prescribe medication is a privilege that comes with a profound responsibility. Physicians must safeguard against drug diversion,” said Cheyvoryea Gibson, Special Agent in Charge of the FBI in Michigan. “Dr. Aslam’s alleged participation in this scheme not only allowed him to profit unlawfully from the sale of cancer drugs, but it also posed a serious threat by potentially placing these medications into the wrong hands. This breach of trust is inexcusable, especially considering the critical nature of the drugs involved. The FBI is unwavering in its commitment to hold medical professionals accountable for exploiting their positions for personal gain and endangering community safety.”

    “Introducing diverted prescription drugs into the supply chain and selling them to unsuspecting consumers undermines the FDA safeguards designed to protect the public,” said Ronne Malham, Special Agent in Charge, FDA Office of Criminal Investigations, Chicago Field Office‎. “We remain committed to bringing to justice those who place their personal gain over the health of American consumers.”

    “A physician’s ethical responsibility is to their patients, not to selling cancer drugs under the table for profit,” said HSI Detroit Special Agent in Charge Angie M. Salazar. “We will protect patients against fraud, especially from those in positions of public trust who choose greed over public safety.”

    An indictment is only a charge and is not evidence of guilt.

    The case is being prosecuted by Assistant United States Attorney Andrew J. Lievense. Assistant United States Attorney Jessica A. Nathan of the Money Laundering & Asset Recovery Unit is handling related forfeiture matters. The investigation is being conducted jointly by the FBI, HHS-OIG, HSI, and the FDA.

    MIL Security OSI –

  • MIL-OSI Security: Two Maryland Men Convicted At Trial After Violent Crime Spree

    Source: Office of United States Attorneys

    Greenbelt, Maryland – After a 9-day trial, a federal jury returned verdicts against Thaddeus Lamont Wills, age 51, and Keionta Shawn Hagens, age 44, both of Waldorf, Maryland, of interference with interstate commerce by robbery, conspiracy to interfere with interstate commerce by robbery, using, carrying, and brandishing a firearm during a crime of violence, carjacking, and of murder.

    The conviction was announced by Erek L. Barron, U.S. Attorney for the District of Maryland; Special Agent in Charge William J. DelBagno of the Federal Bureau of Investigation, Baltimore Field Office; Chief Malik Aziz of the Prince George’s County Police Department; Chief Troy D. Berry of the Charles County Sheriff’s Office; and Chief Peter Newsham of the Prince William County, Virginia Police Department.

    Evidence presented at trial established that on November 12, 2020, conspirators, including Wills and Hagens, while armed with firearms, robbed an employee of Business-1 of cash and merchandise, and a customer of Business-1 of personal property.  To facilitate their escape from Business-1, conspirators, including Wills and Hagens, forcefully, and using firearms, took a 2016 Dodge Ram pickup truck from the victim customer.

    Trial evidence further established that on or about November 17, 2020, conspirators, including Wills and Hagens used a stolen 2014 Ford F-150 pickup truck to drive to Business-2 for the purpose of robbing Business-2.  Wills and Hagens thereafter, while using at least one firearm, robbed an employee of Business-2 of cash and merchandise as well as a customer of personal property.  During the robbery, Wills and Hagens zip tied the hands of the employee.  In addition, Between November 12, 2020, and November 26, 2020, conspirators, including Wills and Hagens, stored and concealed the stolen Dodge Ram pickup and stolen Ford F-150 pickup in the area of Brandywine, Maryland.  

    On January 6, 2021, in Waldorf, Maryland, conspirators, including Wills, while armed with firearms, forcefully took a 2008 Honda Pilot Sport Utility Vehicle from a victim. On January 6 and January 7, 2021, conspirators, including Wills, used the 2008 Honda Pilot to travel from Maryland into Virginia.  Then, on January 7, 2021, in Woodbridge, Virginia, conspirators, including Wills, while armed with firearms, robbed customers, agents and employees of Business-3 of cash, merchandise, and personal property.  After driving the 2008 Honda Pilot back from Virginia to Maryland on January 7, 2021, Wills and a co-conspirator burned the vehicle in the area of Brandywine, Maryland. 

    Finally, on January 18, 2021, conspirators, including Wills and Hagens, robbed Victim-8, the owner of Business-4, of merchandise while using at least two firearms, and shot and killed the business owner during the robbery.  In order to escape after the robbery and murder of the victim, Wills used a firearm to forcefully take a 2019 Lexus RX350 Sport Utility Vehicle from a separate victim.

    Wills faces a maximum sentence of life in federal prison for the murder of victim-8 during the robbery on January 18, 2021; a mandatory minimum sentence of 7 years and a maximum sentence of life for each count of using, carrying, brandishing a firearm during the robbery on November 17, 2020, the carjacking on January 6, 2021, and the carjacking on January 18, 2021. Wills faces a maximum sentence of 20 years in federal prison each for conspiracy to interfere with interstate commerce by robbery and interference with interstate commerce by robbery related to the robberies on November 17, 2020 and January 18, 2021, as well as a maximum sentence of 15 years in prison for each carjacking.

    Hagens faces a mandatory minimum sentence of 5 years and a maximum sentence of life in federal prison for using and carrying a firearm during the robbery on November 17, 2020.  Hagens also faces a maximum sentence of 20 years each for conspiracy to interfere with interstate commerce by robbery and interference with interstate commerce by robbery for the robberies on November 17, 2020 and January 18, 2021.

    U.S. District Judge Theodore D. Chuang has scheduled sentencing for Wills on February 7, 2024 at 9:30 a.m. and for Hagens on February 14, 2024 at 9:30 am.  Actual sentences for federal crimes are typically less than the maximum penalties.  A federal district court judge will determine any sentence after taking into account the U.S. Sentencing Guidelines and other statutory factors.

    This case is part of Project Safe Neighborhoods (“PSN”), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone.  On May 26, 2021, the Department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    U.S. Attorney Barron commended the FBI, PGPD, Charles County Sheriff’s Office, and the Prince William County, Virginia Police Department for their work in the investigation.  Mr. Barron thanked Assistant U.S. Attorneys William Moomau and Patrick D. Kibbe, who are prosecuting the federal case.

    For more information on the Maryland U.S. Attorney’s Office, its priorities, and resources available to help the community, please visit www.justice.gov/usao-md and https://www.justice.gov/usao-md/community-outreach.

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    MIL Security OSI –

  • MIL-OSI: CORRECTION — North Dallas Bank & Trust Co. Announces Third Quarter Earnings

    Source: GlobeNewswire (MIL-OSI)

    In a release issued earlier today under the same headline by North Dallas Bank & Trust Co., (OTC: NODB) please note that the word “Second” in the headline should instead read “Third”. The release follows:

    DALLAS, Oct. 25, 2024 (GLOBE NEWSWIRE) — NDBT (North Dallas Bank & Trust Co.), an independent community bank established in 1961, today announced net earnings for three months of $502,493 or $0.20 per share, and net earnings for nine months of $2,186,955 or $0.85 per share, for the periods ending September 30, 2024.

    Earnings were prepared internally without review by the company’s independent accountants. Financial results are the results of past performance, events and market conditions, and are not a guarantee for future results. Any forward-looking implications derived from this information may differ materially from actual results.

    Further information about the earning and financial performance is available from Glenn Henry, Chief Financial Officer, by contacting NDBT.

    ABOUT NDBT
    Founded in 1961, NDBT (North Dallas Bank & Trust Co.) is an independent community bank with five banking centers located in Dallas, Addison, Frisco, Las Colinas, and Plano. Headquartered on the corner of Preston Road and LBJ at 12900 Preston Road in Dallas, NDBT is dedicated to helping people make smarter choices in business and life by offering authentic banking solutions, wealth management, and innovative online banking tools. NDBT is Member FDIC and an Equal Housing Lender. For more information, call 972.716.7100, or visit online at www.ndbt.com.

    NORTH DALLAS BANK & TRUST CO.
    12900 PRESTON ROAD
    DALLAS, TEXAS
                   
    FINANCIAL HIGHLIGHTS Three Months Ended   Nine Months Ended
      September 30   September 30
    Income Statement 2024   2023   2024   2023
                   
    Interest Income 19,690,721     16,080,200     57,809,406     45,415,030  
    Interest Expense 11,417,563     8,497,071     32,759,175     19,553,246  
    Net Interest Income 8,273,158     7,583,129     25,050,231     25,861,784  
                   
    Provision for Loan Losses 0     0     (440,000 )   (450,000 )
    Noninterest Income 1,546,280     1,947,351     4,384,215     4,659,259  
    Noninterest Expenses (9,302,724 )   (8,767,533 )   (26,524,077 )   (25,989,503 )
    Income Before Taxes & Extraordinary 516,714     762,947     2,470,369     4,081,540  
                   
    Income Tax (14,221 )   (95,021 )   (258,414 )   (679,355 )
    Income Tax Prior Period (25,000 )   0     (25,000 )   0  
    Net Income 502,493     667,926     2,186,955     3,402,185  
                   
    Earnings per Share 0.20     0.26     0.85     1.32  
                   
              Nine Month Average
      As of September 30   Ended September 30
    Balance Sheet 2024   2023   2024   2023
                   
    Total Assets 1,867,355,555     1,728,752,439     1,819,265,389     1,697,914,626  
    Total Loans 1,211,656,001     1,133,317,827     1,206,729,021     1,057,729,435  
    Deposits 1,543,618,454     1,468,335,323     1,503,472,762     1,472,027,210  
    Stockholders’ Equity 170,479,567     160,495,368     166,294,611     160,534,861  
                   
    (Prepared internally without review by
    our independent accountants)
                   

    Media Contact:
    Brian C. Jensen
    972-716-7124
    brian.jensen@ndbt.com

    The MIL Network –

  • MIL-OSI: SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Mergers and Looming Votes of AFBI, ARC and VSTO

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Affinity Bancshares, Inc. (Nasdaq: AFBI), relating to its proposed merger with Atlanta Postal Credit Union (“APCU”). Under the terms of the agreement, APCU will pay Affinity an aggregate amount estimated to provide Affinity with sufficient cash to pay Affinity shareholders approximately $22.40 – $22.60 per share.

      ACT NOW. The Shareholder Vote is scheduled for November 4, 2024.

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

    • ARC Document Solutions, Inc. (NYSE: ARC), relating to its proposed merger with TechPrint Holdings, LLC. Under the terms of the agreement, ARC shareholders are expected to receive $3.40 in cash per share they own.

      DON’T MISS YOUR CHANCE. The Shareholder Vote is scheduled for November 21, 2024.

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

    • Vista Outdoor Inc. (NYSE: VSTO), relating to its proposed merger with Revelyst, Inc. Under the terms of the agreement, Vista shareholders will receive $25.75 in cash per share of Vista stock they own.

      ACT AS SOON AS POSSIBLE. The Shareholder Vote is scheduled for November 25, 2024.

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

    NOT ALL LAW FIRMS ARE THE SAME. 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 company, director or officer is above the law. If you own common stock in any of the above listed companies 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) 2024 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 Canada: Minister Vandal announces partnership with NFI Group and Manitoba to create the world-leading “All-Canadian Build” facility in Winnipeg

    Source: Government of Canada News

    $15 million from the Government of Canada enables start-to-finish manufacturing of electric and hydrogen fuel-cell transit buses in Canada, creating green jobs and expanding the Green Prairie Economy

    October 25, 2024 – Winnipeg, Manitoba – PrairiesCan

    Creating more clean mass transit options gets Canadians around their communities quicker and helps in our fight against climate change.

    Today, the Honourable Dan Vandal, Minister for PrairiesCan, announced a federal investment of $15 million for NFI Group to expand operations and fully manufacture New Flyer transit buses in Winnipeg, Manitoba. This investment will enable NFI Group to competitively respond to growing demand for Canadian-made zero-emission transit buses, adding hundreds of skilled jobs to the company’s Canadian operations with more opportunities for local suppliers, and growing Manitoba’s role in the green Prairie economy.

    Canadians want greener options, and municipal governments are responding. By increasing bus manufacturing capacity in NFI Group’s Winnipeg-based facilities, Canadian public transit authorities will be able to purchase more Canadian-made zero-emission buses to address their fleet renewal needs. The funding will ensure NFI Group can meet Canadian standards and will support the development of workforce training specific to zero-emission vehicle manufacturing including a proposed “Zero-Emission Pre-Apprenticeship Program.”

    In 2023, Minister Vandal dedicated $100 million of existing PrairiesCan funding over three years to support projects aligned with priorities of the Framework to Build a Green Prairie Economy, which include growing our manufacturing sector and capitalizing on clean electricity to seize new opportunities in the net-zero future. The Framework and funding are intended to encourage greater collaboration among governments and industry, leverage additional funding, and attract new investments across the Prairies.

    MIL OSI Canada News –

  • MIL-OSI Canada: Manitoba Government Expands NFI to Create Low Carbon Jobs

    Source: Government of Canada regional news

    October 25, 2024

    Manitoba Government Expands NFI to Create Low Carbon Jobs

    – – –
    Investment in NFI Group Will Create Good Jobs for Manitobans: Premier

    The Manitoba government is investing in the clean energy economy by supporting the creation of hundreds of new low-carbon, blue-collar jobs through NFI Group Inc.’s All-Canadian Build expansion in Winnipeg, Premier Wab Kinew and Economic Development, Investment, Trade and Natural Resources Minister Jamie Moses announced today. 

    “This project is about putting a ‘Made in Canada’ stamp on the low-carbon economy,” said Kinew. “Here in Manitoba, blue-collar workers are part of the transition to a net zero future and it’s companies like NFI that are leading the charge. We’re pleased to partner with the federal government to get this All-Canadian Build facility done so we can continue to put Manitoba at the cutting edge of zero emission transportation technology.” 

    A leading provider of zero-emission buses and coaches, NFI’s global headquarters in Winnipeg employs nearly 3,000 Manitobans, noted the premier. The $23.4-million investment from the Manitoba government will support NFI’s plans to establish an All-Canadian Build facility while creating 250 direct jobs in Winnipeg and hundreds more indirect jobs. The facility will expand production capacity and have the ability to manufacture, finish and service zero-emissions buses for the Canadian market. 

    “NFI is the leader in North America’s evolution to zero-emission buses and coaches,” said Moses. “Investing in this new facility will create good jobs for Manitobans in electric transit manufacturing while reducing emissions.” 

    NFI will be co-investing in the project alongside the Manitoba government and the federal government through Prairies Economic Development Canada (PrairiesCan) Business Scale-up and Productivity program. 

    “This is a significant step forward by NFI Group,” said federal Northern Affairs Minister Dan Vandal, minister responsible for Prairies Economic Development Canada (PrairiesCan). “Increasing manufacturing capacity in the zero-emission heavy-duty vehicle sector is good news for Canada and solidifies Manitoba’s leadership in this field. This project is an example of collaboration under the Green Prairie Economy Framework to deliver solutions to build a strong and sustainable economy across the Prairies.” 

    Demand for zero-emission transit buses in NFI’s core markets is at record levels, driven by the transition of transit fleets to battery-electric, fuel cell-electric and trolley-electric buses in Canada’s major cities to meet national emission reduction goals, noted the premier. 

    “Today’s announcement is a major milestone for NFI as it allows us to complete full buses in Canada for the first time in over twenty years,” said Paul Soubry, president and CEO, NFI. “I would like to thank our partners at the Province of Manitoba and PrairiesCan for their commitment and financial support that will help enhance Manitoba’s green economy. These funds will be strategically invested alongside our own capital to expand our production capacity and increase our zero-emissions transit bus offerings, which will create new jobs and help create more livable North American communities.” 

    Facility construction is expected to be complete by the end of 2025 with construction activities starting in 2024, added the premier.  

    – 30 –

    MIL OSI Canada News –

  • MIL-OSI USA: MATSUI APPLAUDS AWARD OF $70 MILLION IN DIGITAL EQUITY FUNDING FOR CALIFORNIA

    Source: United States House of Representatives – Congresswoman Doris Matsui (D-CA)

    WASHINGTON, D.C. – Today, Congresswoman Doris Matsui (CA-07), Ranking Member of the House Energy and Commerce Communications and Technology Subcommittee, released the following statement after the National Telecommunications and Information Administration (NTIA) awarded California over $70 million to implement its Digital Equity Plan.

    “To close the digital divide, we must not only build out broadband infrastructure but also equip all Americans with the necessary tools and skills to make full use of the internet,” said Congresswoman Matsui. “Almost two-thirds of Californians without home broadband say cost is a key reason, and nearly one in three mention limited digital skills. The Digital Equity Capacity Grant will empower California to reduce broadband adoption barriers and advance digital inclusion statewide. This injection of federal funding will jumpstart local efforts to provide older adults, schoolchildren, and underserved communities with the devices, digital skills training, and essential resources to succeed in the 21st century economy.”

    Congresswoman Matsui has led national efforts to promote digital access and equity. She co-authored the Digital Equity Foundation Act, which would establish a nonprofit foundation to channel public and private investments into closing the divide on digital equity, digital inclusion, and digital literacy.

    Background:

    This award will support initiatives to make affordable broadband, devices, and digital literacy training accessible to Californians who currently face barriers to digital equity. The funding comes from the State Digital Equity Capacity Grant Program, one of three Digital Equity Act grant programs created by the Bipartisan Infrastructure Law.

    Using $4 million from the State Digital Equity Planning Grant Program, California created a plan aimed at addressing disparities in digital access, skills and affordability across the state.   

    For more details on California’s State Digital Equity Plan, click HERE.

    MIL OSI USA News –

  • MIL-OSI USA: U.S. Rep. Kathy Castor Announces $40M Grant for New State-of-the-Art Terminal at TPA

    Source: United States House of Representatives – Reprepsentative Kathy Castor (FL14)

    TAMPA, FL – U.S. Rep. Kathy Castor (FL-14) announced that Tampa International Airport (TPA) will receive $40,000,000 in federal grant funding through the Federal Aviation Administration’s (FAA) Airport Terminal Program. The funding will support the construction of a new terminal, Airside D, to meet international and domestic passenger demands.

    “Tampa International Airport is an economic powerhouse for the Tampa Bay region,” said Rep. Castor. “Tampa Airport serves a growing and dynamic region including an estimated 25 million passengers a year, so it’s critical that the airport can modernize and meet the growing demand. This significant federal funding will help improve airport operations and ensure a comfortable travel experience at one of the world’s most beloved airports.”

    “We’re immensely thankful for the support and partnerships of U.S. Rep. Kathy Castor and the FAA in helping to fund Tampa International Airport’s first new airside terminal in nearly 20 years,” TPA CEO Joe Lopano said. “Airside D will be critical in accommodating the tourism, population and business growth we’re experiencing in the Tampa Bay region and beyond, and we’re looking forward to breaking ground on this project later this year.”

    The grant partially funds the construction of the new 16-gate Airside D terminal, which consists of approximately nine passenger boarding bridges and an automated people mover track connecting Airside D to the main terminal.

    The Airside D project is part of the Airport’s Capital Program and is the third and final phase of TPA’s Master Plan. Phases 1 and 2 included several major projects, including the Main Terminal redevelopment, the Rental Car center, SkyConnect Automated People Mover, a roadway expansion, the Central Utility Plan, the Blue Express Curbsides, and the SkyCenter One office building.

    Castor has championed infrastructure investments in Tampa Bay neighborhoods and economic engines under the landmark Infrastructure Investment and Jobs Act, which was passed by the Democratic-led Congress and signed by President Biden. The sizable Tampa Airport grant follows a $22 million grant for Port Tampa Bay announced last week.

    MIL OSI USA News –

  • MIL-OSI Security: Waukee Man Sentenced to Nine Years in Federal Prison for Wire Fraud and Money Laundering Investment Scheme

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    DES MOINES, Iowa – A Waukee man was sentenced on October 11, 2024, to nine years in federal prison for wire fraud and money laundering.

    According to public court documents and evidence presented at sentencing, William Jack Berg, 52, defrauded approximately 17 victims by purporting to be a financial advisor in central Iowa, St. Louis, Missouri, and elsewhere. Over an eight-year period, Berg deceived victims to invest in companies he created and controlled: W. Holdings of Iowa and Excel Performance Management. To further his fraud, Berg provided his victims with fictitious investment agreements, account statements, and created a website for one of the purported investment companies. Berg spent the victim’s money for his own personal expenses. Once alerted to his federal indictment, Berg attempted to destroy documents and left the state.

    After completing his term of imprisonment, Berg will be required to serve a three-year term of supervised release. There is no parole in the federal system. Berg was also ordered to pay more than $1.6 million in restitution.

    United States Attorney Richard D. Westphal of the Southern District of Iowa made the announcement. This case was investigated by the Iowa Insurance Division’s Fraud Bureau and the Federal Bureau of Investigation. Assistant United States Attorney Adam Kerndt prosecuted the case.

    This investigation was part of the Elder Justice Initiative, which supports the efforts of state and local prosecutors, law enforcement, and other elder justice professionals to combat elder abuse, neglect, and financial exploitation, with the development of training, resources, and information. Learn more about the Justice Department’s Elder Justice Initiative at http://www.justice.gov/elderjustice. If you or someone you know is age 60 or older and has been a victim of financial fraud, help is available at the National Elder Fraud Hotline: 1-833-FRAUD-11 (1-833-372-8311).

    This U.S. Department of Justice hotline, managed by the Office for Victims of Crime, can provide personalized support to callers by assessing the needs of the victim and identifying relevant next steps. Case managers will identify appropriate reporting agencies, provide information to callers to assist them in reporting, connect callers directly with appropriate agencies, and provide resources and referrals, on a case-by-case basis. Reporting is the first step. Reporting can help authorities identify those who commit fraud and reporting certain financial losses due to fraud as soon as possible can increase the likelihood of recovering losses. The hotline is open Monday through Friday from 10:00 a.m. to 6:00 p.m. ET. English, Spanish and other languages are available. The Department of Justice provides a variety of resources relating to elder fraud victimization through its Office for Victims of Crime, which can be reached at https://www.ovc.gov.

    MIL Security OSI –

  • MIL-OSI Security: Anderson Accountant Sentenced to More Than Three Years in Federal Prison for Embezzling Nearly One Million Dollars from his Employer

    Source: Federal Bureau of Investigation (FBI) State Crime News

    INDIANAPOLIS—Nathaniel Wills, 34, of Anderson, has been sentenced to 41 months in federal prison, followed by three years of supervised release, and ordered to pay $877,507 in restitution after pleading guilty to wire fraud. 

    According to court documents, for nearly six years, Wills was employed as an accountant and Director of Administration for an Indiana business. In these roles, Wills was entrusted with performing business accounting functions including among other things, writing and signing checks, making electronic payments, performing reconciliations between the company’s accounting and banking records, and maintaining the company’s accounting ledgers.

    Beginning in August 2020, and continuing until at least February 2022, Wills defrauded his employer by transferring nearly $1 million to which he knew he was not entitled from the company’s payroll and operating accounts to his personal bank accounts.

    The stolen funds were used to pay off his outstanding personal debts and for his own personal use, including online gambling.

    It an attempt to conceal his scheme, Wills made false entries in the company’s accounting system by recording that transfers of funds were payments of invoices, falsifying inventory logs, listing jobs as unpaid, and voiding checks. Wills also obtained a principal advance of $80,000 from his employer’s line of credit in order to meet the company’s payroll and vendor payment obligations.

    In total, Wills stole approximately $952,237.06 from his employer through 120 transactions. Wills’ conduct resulted in substantial financial hardship to the company.

    “For a year and a half, this defendant repaid the trust of his employer with deceit and theft, helping himself to nearly one million dollars and cooking the books to hide the evidence,” said Zachary A. Myers, U.S. Attorney for the Southern District of Indiana. “Fraud and embezzlement can have devastating effects on the victim individuals and companies. The federal prison sentence imposed here demonstrates that those who commit financial crimes will pay a serious price. I commend the FBI and our federal prosecutors for their efforts to investigate these crimes and hold the defendant accountable.”

    “This was not just a financial crime but an act of betrayal of the defendant’s employer that could have had a devastating and crippling effect on the business and its employees,” said FBI Indianapolis Special Agent in Charge Herbert J. Stapleton. “Anyone who believes they can steal without consequence will find out the FBI aggressively pursues those who exploit their positions of trust for personal gain to ensure they are held accountable.”

    The FBI investigated this case. The sentence was imposed by U.S. District Judge James P. Hanlon. 

    U.S. Attorney Myers thanked Assistant U.S. Attorneys Meredith Wood and Tiffany J. Preston, who prosecuted this case.

    ###

    MIL Security OSI –

  • MIL-OSI Economics: Chair’s Statement Fiftieth Meeting of the IMFC – Mr. Mohammed Aljadaan, Minister for Finance of Saudi Arabia

    Source: International Monetary Fund

    October 25, 2024

    In the context of the Fiftieth Meeting of the IMFC that took place in Washington, D.C. on 24th and 25th October, several IMFC members discussed the global macroeconomic and financial impact of current wars and conflicts, including with regard to Russia, Ukraine, Israel, Gaza, Lebanon, and in other places. IMFC members underscored that all states must act in a manner consistent with the Purposes and Principles of the UN Charter in its entirety. They acknowledged, however, that the IMFC is not a forum to resolve geopolitical and security issues which are discussed in other fora.

     

    ****

    IMFC members agreed on the following text:

     

    Securing a soft landing and breaking from the current low growth-high debt path are the policy priorities for the global economy. We welcome the IMF’s efforts to enhance its surveillance, lending toolkit, and capacity development, and become more representative. Looking ahead, we remain committed to multilateral cooperation to promote global prosperity and address shared challenges.

     

    1. The global economy has moved closer to a soft landing. Economic activity has proven resilient, with global growth steady and inflation continuing to moderate. However, this masks important divergences across countries. Uncertainty remains significant and some downside risks have increased. Ongoing wars and conflicts continue to impose a heavy burden on the global economy. Medium-term growth prospects remain weak, and global public debt has reached record highs.
    1. We will work to further secure a soft landing while stepping up our reform efforts to shift away from a low growth-high debt path and address other medium-term challenges. Fiscal policy should pivot toward consolidation, where needed, to ensure debt sustainability and rebuild buffers. Consolidation should be underpinned by credible medium-term plans and institutional frameworks while protecting the vulnerable and supporting growth-enhancing public and private investments. Monetary policy must ensure inflation returns durably to target, consistent with central bank mandates, remain data-dependent, and be well communicated. Financial sector authorities should continue to closely monitor risks in banks and non-banks, including from property markets. We will continue to enhance financial regulation and supervision, including via timely finalization and implementation of internationally agreed reforms, and harness the benefits of financial and technological innovation, while mitigating the risks. We will pursue well-calibrated and sequenced growth-enhancing structural reforms to ease binding constraints to economic activity, boost productivity, increase labor market participation, promote social cohesion, and support the climate and digital transitions.
    1. We remain committed to international cooperation to improve the resilience of the global economy and build prosperity, while ensuring the smooth functioning of the international monetary system. We reiterate our commitments on exchange rates, addressing excessive global imbalances, and our statement on the rules-based multilateral trading system, as made in April 2021, and reaffirm our commitment to avoid protectionist measures.
    1. We will continue to support countries as they undertake reforms and address debt vulnerabilities and liquidity challenges. We welcome the progress made on debt treatments under the G20 Common Framework (CF) and beyond. We remain committed to addressing global debt vulnerabilities in an effective, comprehensive, and systematic manner, including stepping up the CF’s implementation in a predictable, timely, orderly, and coordinated manner, and enhancing debt transparency. We look forward to further work at the Global Sovereign Debt Roundtable on ways to address debt vulnerabilities and restructuring challenges. We encourage the IMF and the World Bank to develop further their proposal to support countries with sustainable debt but experiencing liquidity challenges.
    1. We welcome the policy priorities set out in the Managing Director’s Global Policy Agenda, and welcome the start of Ms. Kristalina Georgieva’s second five-year term as Managing Director.
    1. We support the IMF’s surveillance focus on country-tailored advice to help members assess risks, bolster policy and institutional frameworks, and calibrate macrofinancial and macrostructural policies to enhance resilience, ensure debt sustainability, and boost inclusive and sustainable growth. We look forward to the Comprehensive Surveillance Review that will set future surveillance priorities.
    1. We welcome the recent reforms to the lending toolkit. We welcome the completion of the review of PRGT facilities and financing that aims to bolster the IMF’s capacity to support low-income countries in addressing their balance of payments needs, mindful of their vulnerabilities, while restoring the self-sustainability of the Trust. We welcome the Review of Charges and the Surcharge Policy, which will alleviate the financial cost of Fund lending for borrowing countries, while preserving their intended incentives and safeguarding the Fund’s financial soundness. We welcome the enhanced cooperation with the World Bank on climate action, and with the World Bank and the World Health Organization on pandemic preparedness, which will further enhance the effectiveness of IMF support through the Resilience and Sustainability Trust (RST). We look forward to the Review of the GRA Access Limits, the Review of Program Design and Conditionality, the Review of the Short-term Liquidity Line, and the comprehensive Review of the RST. We continue to invite countries to explore voluntary channeling of SDRs, including through MDBs, where legally possible, while preserving their reserve asset status.
    1. We support the IMF’s efforts to strengthen capacity development and to secure appropriate financing. We welcome the ongoing work with the World Bank on the Domestic Resource Mobilization Initiative.
    1. We reaffirm our commitment to a strong, quota-based, and adequately resourced IMF at the center of the global financial safety net. We have secured, or are working to secure, domestic approvals for our consent to the quota increase under the 16th General Review of Quotas (GRQ) by mid-November this year, as well as relevant adjustments under the New Arrangements to Borrow (NAB). As a safeguard to preserve the Fund’s lending capacity in case of a delay in securing timely consent to the quota increase, creditors for Bilateral Borrowing Agreements are working to secure approvals for transitional arrangements for maintaining IMF access to bilateral borrowing. We acknowledge the urgency and importance of realignment in quota shares to better reflect members’ relative positions in the world economy, while protecting the quota shares of the poorest members. We welcome the Executive Board’s ongoing work to develop by June 2025 possible approaches as a guide for further quota realignment, including through a new quota formula, under the 17th
    1. We welcome the new 25th chair on the Executive Board for Sub-Saharan Africa, strengthening the voice and representation of the region. We also welcome Liechtenstein as a new member. We appreciate staff’s high-quality work and dedication to support the membership. We encourage further efforts to improve staff diversity and inclusion. We reiterate our commitment to strengthen gender diversity at the Executive Board and will continue to work to achieve the voluntary objectives to increase the number of women in Board leadership positions.
    1. We reiterate our strong commitment to the Fund on its 80th anniversary and look forward to further discussing at our next meeting ways to ensure the Fund remains well-equipped to meet future challenges, in line with its mandate, and in collaboration with partners and other IFIs. We ask our Deputies to prepare for this discussion.
    1. Our next meeting is expected to be held in April 2025.
    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Randa Elnagar

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    MIL OSI Economics –

  • MIL-OSI Global: The Apprentice: Trump biopic is riddled with perfect examples of a man with the ‘dark triad’ of personality traits

    Source: The Conversation – UK – By Lee John Curley, Lecturer in Psychology, Glasgow Caledonian University

    The Apprentice is a thought-provoking and chilling film that depicts a young Donald Trump on his journey from naive, malleable, nepo-baby to cold, dark and narcissistic businessman. During the film, Trump, meets his mentor and father figure, Roy Cohn. Cohn shapes his young apprentice (reminiscent of Palpatine and a young Anakin Skywalker from Star Wars), teaching a young Trump his “three rules of life” and the power of deception and misinformation.

    Trump has been critical of the film, calling it a “politically disgusting hatchet job”. Regardless of the authenticity of the film’s depictions, as an expert in psychology, I was struck by how perfect its illustration of some the darker sides of human psychology were.

    Psychological research in the past 20 years has highlighted that certain personality traits are indicative of the dark side of human behaviour, such as callous manipulation – a grandiose sense of self-importance, and a lack of empathy. Pyschologists Delroy Paulhus and Kevin Williams found evidence to suggest that three personality traits, known now as the “dark triad”, existed which exemplified the darkest parts of human psychology. The three traits are machiavellianism, narcissism and psychopathy.

    While these are separate traits, it has been found that it is likely that someone who presents with high levels of one may also present with high levels of one of the other traits.

    Machiavellianism

    Machiavellianism is the manipulative personality trait. Individuals who show machiavellianism are more likely to “behave in a cold and manipulative fashion”. The name of the trait comes from Italian philosopher and writer, Niccolo Machiavelli. In his famous 16th-century political treatise, The Prince, Machiavelli discuses how princes (or apprentices), gain and keep power.

    In The Prince, Machiavelli states that “it is better to be feared than loved, if you cannot be both”. He writes that if you have the power to subordinate another person, they can stop loving you, but they can never stop fearing you.

    Cohn in the film provides many examples of machiavellian behaviour. In one scene, for example, he shows a young Trump recordings/photos he has that he can use to blackmail and manipulate powerful people to gain favour and ensure that a decision regarding a tax break goes their way.

    Cohn’s three rules of success are also good examples: “Number one: attack, attack, attack. Number: admit nothing, deny everything. Number three: always claim victory, never admit defeat.” These rules are machiavellian to their core: attack to promote fear and gain power. Rules two and three: admit nothing and claim victory, help the person to control and manipulate the narrative.

    Narcissism

    The film also highlights narcissism. Key components of narcissism are a sense of “grandiosity, entitlement, dominance and superiority,” according to Paulhus and Williams. The final scene of the film perfectly encapsulates this, here Trump discusses with Tony Schwartz, the journalist co-writer of his business book The Art of the Deal, how he is superior. Trump explains how you are either born to make deals or not, how Trump does “not just like making deals”, he “loves them”.

    In the film, Trump speaks about his abilities with such confidence and pleasure that it gives a key insight into his grandiose perception of himself. A sense of entitlement and dominance rear their heads in one of the darkest scenes where Trump is shown to rape his then wife, Ivana. The scene suggests that Trump feels superior to Ivana and is entitled to use her body. The rape in the film even seems like a gesture to reaffirm his dominance in the relationship. In real life, the allegation that Trump raped Ivana has never been proved in court.

    Psychopathy

    Finally, the film also features examples of psychopathy, which is characterised by key elements such as high impulsivity, thrill seeking and low empathy.

    Trump’s impulsive and thrill-seeking streak is exemplified in the film by his need to build the Taj Mahal casino in Atlantic city. He pursues its construction contrary to the advice of Cohn. His impulsivity later in the film leads to his downfall as he becomes mired in debt and faces threats from debt collectors.

    Trumps lack of empathy also shines through in how he treats Cohn, once his father figure. Towards the end of the film Cohn is dying from Aids-related complications. During this time, the film suggests that Trump won’t speak to him, he makes jokes at his expense and publicly embarrasses Cohn at a private party. At one point, he even shouts mockingly in the street to Cohn: “you do not look too well.”

    By the end of the film, the humanity and empathy that Trump had has been stripped away. What is left is someone who has an inflated sense of self, a lack of empathy for others, and the ability to use misinformation to get what they want. It is a strong case study of someone possessed of the dark triad of personality traits.


    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

    Lee John Curley does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. The Apprentice: Trump biopic is riddled with perfect examples of a man with the ‘dark triad’ of personality traits – https://theconversation.com/the-apprentice-trump-biopic-is-riddled-with-perfect-examples-of-a-man-with-the-dark-triad-of-personality-traits-242138

    MIL OSI – Global Reports –

  • MIL-OSI Global: From The Apprentice to It’s A Sin: the making of heroes and villains in screen depictions of Aids

    Source: The Conversation – UK – By Deborah Shaw, Professor of Film and Screen Studies, University of Portsmouth

    Culturally, we are in the middle of an Aids “memory boom” as film and television creatives turn to stories from the terrifying crisis that began in the early 1980s. In the last few years we have seen the huge success of dramas like It’s A Sin and Pose, which explore the lives and experiences of gay men and trans women during the early days of the Aids epidemic.

    The latest – and perhaps unexpected – addition to this raft of dramas revolving around the issue is the new biopic about Donald Trump’s early business career, The Apprentice. Here we see the former president learning the ropes from his homosexual business mentor, the lawyer Roy Cohn, who later died of Aids.

    In the 1980s, the Aids epidemic in the US and UK affected mainly gay men who were just beginning to emerge from decades of discrimination and criminalisation to take pride in their gay identity.

    There was much fear, anxiety and stigma surrounding the virus, with Aids used as a weapon to demonise homosexuals. As the virus was transmitted through sex, gay men would become defined through their “sexual deviancy”. Governments led by Ronald Reagan in the US and Margaret Thatcher in the UK, refused to discuss the virus in public and take action against it, and mainstream media often legitimised homophobic attitudes.

    However, as the Aids epidemic took hold, those living with the disease began to tell their stories. Journalist Oscar Moore, a columnist for The Guardian, wrote about his experiences of the disease for more than two years until his death in 1996 at the age of 36. He had lived with Aids for 13 years.

    British filmmaker Derek Jarman announced his diagnosis publicly in 1987 and later chronicled his deterioration in his last film Blue, released in 1993. The sharing of personal stories challenges associations of Aids with deviancy, an approach that continues in the depiction of the condition in film and television today.

    As film and media academics we are involved in ongoing research that analyses how the Aids crisis is memorialised on screen and how it is represented to contemporary mainstream audiences.

    Programmes and documentaries like the BBC’s Aids: The Unheard Tapes and Rock Hudson: All That Heaven Allowed reveal prejudiced historical attitudes towards gay men and Aids.

    Rock Hudson, the Hollywood heart-throb of the 1950s and 1960s, would have been villainised and his career sunk, had he been open about his sexuality at the time. However, the death of this all-American movie star from Aids in 1985 helped to shift public attitudes towards gay men and the disease. The All That Heaven Allowed documentary tells a fuller story and affords Hudson the legacy he deserves.

    In turn, hugely popular drama series such as It’s A Sin, Pose, and Fellow Travelers all document in vivid detail the historical discrimination against gay men, and reveal the defiance, humour, pleasure and horrors of gay life in the years before and during the Aids crisis.

    These productions provide an important and too-often neglected history for contemporary audiences. They memorialise those who have died of Aids and hold to account the people in power for their failure to provide adequate healthcare and basic human rights to people living and dying with Aids. A key function of these narratives is to provide a moral compass with which to judge figures from history, whether biographical or imagined.

    The Apprentice and the making of a villain

    In The Apprentice, the lack of moral compass demonstrated by the young Trump (Sebastian Stan) is depicted through his relationship with his mentor, the unscrupulous lawyer Roy Cohn (Jeremy Strong).

    A huge influence on Trump as a younger man, Cohn was a malign and corrupt presence in the world of American business and politics. His hypocrisy as an amoral closeted gay man who would persecute other gay men in positions of power has been well documented, and is revealed in the Trump biopic.

    While the lawyer’s ruthless methods are central to the creation of Trump as Cohn’s apprentice in the film, it is Trump’s callous treatment of Cohn when he is weak and dying from Aids that is key in depicting the former president as a villain.

    In The Apprentice, Trump refuses to take calls from Cohn when he is sick and no longer of use to him. Trump’s character is further revealed when he has Cohn’s lover, Russell Eldrige (Ben Sullivan), removed from one of his hotels once he discovers he has Aids, and sends Cohn the bill for his stay.

    Heroes of the epidemic

    While Trump’s villain status is bolstered in the film by his treatment of the dying Cohn, many LGBTQ+ television dramas place the spotlight on the heroes who emerged from the Aids epidemic. Pose showcases a diverse community of carers as trans and gay members of the ballroom scene in New York look after each other when sick, and take to the streets to publicly protest their neglect by the authorities.

    One of the main heroes is Judy (Sandra Bernhard), a lesbian nurse who gives practical care to the community, offers wise counsel and leads the protagonists to embrace the performative political acts of the Aids protest movement. In Pose, Judy represents and pays homage to the many lesbians who were carers and activists in the early days of Aids when patients were faced with the neglect of doctors and scientists.

    Another woman who stands up to gay prejudice is embodied in It’s A Sin through the character of Jill Baxter (Lydia West), based on the real-life Aids activist Jill Nalder.

    While not a nurse, Jill takes on the caring for gay friends as they start to get sick from the virus. She is also the agent of change – acquiring and sharing vital Aids information, volunteering for helplines, visiting isolated Aids patients in hospital – and plays a key role in activist protests. Following the success of It’s A Sin, the hashtag #BeMoreJill trended on Twitter and was adopted by the writer Russell T. Davies himself.

    If the history of Aids on screen teaches us anything, it is that this epidemic revealed true heroes and villains, and provides a perspective on the behaviour of society, governments and the media during this crisis, and that of people who stood up for those who could not stand up for themselves. In these documentaries, films and dramas, audiences are invited to reflect on the way people with Aids were treated, and condemn homophobic and transphobic bigotry.

    This article is part of our State of the Arts series. These articles tackle the challenges of the arts and heritage industry – and celebrate the wins, too.

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

    – ref. From The Apprentice to It’s A Sin: the making of heroes and villains in screen depictions of Aids – https://theconversation.com/from-the-apprentice-to-its-a-sin-the-making-of-heroes-and-villains-in-screen-depictions-of-aids-242017

    MIL OSI – Global Reports –

  • MIL-OSI Security: Foreign National Convicted of Conspiring to Export US-Made Drill Rigs to Iran in Violation of US Sanctions Laws

    Source: Office of United States Attorneys

    A federal jury convicted Brian Assi, also known as Brahim Assi, yesterday of conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Iranian Transactions and Sanctions Regulations (ITSR), attempted unlawful export of goods from the United States to Iran without a license, attempted smuggling goods from the United States, submitting false or misleading export information, and conspiracy to commit money laundering.

    “The defendant schemed to unlawfully export U.S.-origin mining drills to Iran, while deceiving his employer into believing that they were being sent to Iraq,” said Assistant Attorney General Matthew G. Olsen of the Justice Department’s National Security Division. “This conviction affirms the Justice Department’s resolve to disrupt and hold accountable those who evade our sanctions against Iran, wherever in the world they may be.”

    “As this verdict makes clear, no matter how hard you try to obfuscate your scheme to send restricted U.S. items to Iran, we will work tirelessly to bring your conduct to light and ensure you face justice,” said Assistant Secretary for Export Enforcement Matthew S. Axelrod of the Department of Commerce, Bureau of Industry and Security (BIS). “We take action whenever we uncover attempts to evade our sanctions, especially when those efforts are designed to support adversaries like Iran.”

    “Efforts to conceal impermissible transactions and circumvent imposed sanctions represent a threat to both the United States economic and national security interests,” said U.S. Attorney Jason R. Coody for the Northern District of Florida. “Today’s verdict demonstrates our collective resolve to hold those who violate regulatory restrictions accountable for their criminal conduct.”

    According to evidence presented at trial, Assi was a Middle East-based salesman of a multinational heavy machinery manufacturer with a U.S.-based subsidiary and production plant located in northern Florida. Assi conspired with individuals affiliated with Sakht Abzar Pars Co. (SAP-Iran), based in Tehran, Iran, to export U.S.-made heavy machinery indirectly to Iran without first obtaining the required licenses from the Office of Foreign Assets Control (OFAC).

    Assi and his Iranian co-conspirators orchestrated the scheme by locating an Iraq-based distributor to serve as the forward-facing purchaser of two U.S.-origin blasthole drills from the U.S. subsidiary of Assi’s employer. The drills are a type of heavy machinery used to create holes in the ground that are then filled with controlled explosives for mining.

    Assi facilitated the sale of the drills and attempted to export them to Iran and used freight forwarding companies to ship the heavy equipment from the U.S. to Turkey. In doing so, Assi concealed any Iranian involvement in the transaction from his employer, claiming the drills were ultimately destined for use in Iraq. But in truth, Assi intended for his Iranian co-conspirators to transship or reexport those items from Turkey to Iran, in circumvention of U.S. export control and sanctions laws.

    In furtherance of the conspiracy, Assi concealed his activities with his Iranian co-conspirators by causing false information to be entered into the Automated Export System (AES), a U.S.-government database containing information about exports from the United States. The U.S.-based plant hired a U.S. freight forwarder to arrange the drill’s export from the United States to Iraq. As part of the shipping process, the freight forwarder submitted information to AES about the shipment, including the ultimate consignee’s name and the ultimate delivery destination. Assi misled his employer by claiming that the Iraqi distributor was the ultimate consignee, and that the ultimate delivery destination was Iraq. In fact, Assi knew that his coconspirators in Iran were the true intended recipients, and Iran was the ultimate intended delivery destination.

    In furtherance of the illicit transaction, Assi and his coconspirators caused the transfer of approximately $2.7 million from Turkey to pass through the United States.

    Sentencing for Brian Assi is scheduled for Jan. 7, 2025.

    The BIS is investigating the case.

    Assistant U.S. Attorneys Andrew J. Grogan and Harley W. Ferguson for the Northern District of Florida and Trial Attorney Ahmed Almudallal of the National Security Division’s Counterintelligence and Export Control Section are prosecuting the case.

    MIL Security OSI –

  • MIL-OSI Security: Illinois Business Owner Indicted for Tax Crimes

    Source: United States Attorneys General 7

    A federal grand jury in Chicago returned an indictment yesterday charging an Illinois business owner for not paying employment taxes, not filing business tax returns, wire fraud and making false statements on a loan application.

    According to the indictment, Steven Cordell, of Chicago, was the owner and operator of Starfish Transportation Inc., which provided transportation services to students in the Chicago area. He was allegedly responsible for withholding Social Security, Medicare and income taxes from his employees’ wages and paying those funds over to the IRS each quarter. For certain quarters from 2018 through 2024, Cordell allegedly withheld taxes from employees’ wages, as required, but did not pay over the full amount withheld to the IRS.

    The indictment further alleges that Cordell submitted on his business’s behalf false applications to the Paycheck Protection Program (PPP) and the Coronavirus Economic Relief for Transportation Services (CERTS) program, two programs created to provide financial assistance to Americans suffering economic harm because of the COVID-19 pandemic. In both, he allegedly submitted unfiled tax returns and provided false financial data. In addition, Cordell allegedly did not disclose that Starfish Transportation had received a PPP loan on the CERTS grant application, as required. The indictment alleges that Cordell received $247,822.51 in fraudulent PPP loans and $598,574.21 in fraudulent CERTS grants.

    Finally, the indictment alleges Cordell intentionally did not file corporate income tax returns for Starfish Transportation for 2019 through 2023.

    In total, Cordell is alleged to have caused a tax loss to the IRS of over $600,000.

    If convicted, Cordell faces a maximum penalty of 30 years in prison for filing a false loan application, a maximum penalty of 20 years in prison for wire fraud, a maximum penalty of five years in prison for not paying employment taxes and a maximum penalty of one year in prison for each charge of failure to file returns. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Stuart M. Goldberg of the Justice Department’s Tax Division made the announcement.

    IRS Criminal Investigation and the Small Business Administration’s Office of Inspector General are investigating the case.

    Trial Attorneys Regina Jeon and Thomas Flynn of the Tax Division are prosecuting the case.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Security: Tennessee Business Owner Convicted of $35M Fraud Scheme

    Source: United States Attorneys General 7

    A federal jury convicted a Tennessee business owner yesterday for fraudulently billing federal health care programs approximately $35 million for medically unnecessary injections, which were administered over the course of approximately eight years to a population of opioid-dependent patients.

    According to court documents and evidence presented at trial, Michael Kestner, 72, of Nashville, at various times owned, operated, and managed pain clinics in Tennessee, North Carolina, and Virginia, which were ultimately branded under the name Pain MD. The trial evidence proved that Kestner, who is not a physician, pressured nurse practitioners and physician assistants employed by clinics in the Pain MD network to provide multiple back injections to many, if not most, patients who came to Pain MD seeking opioid treatment. Witnesses testified that patients who refused to accept regular injections risked being turned away from Pain MD and suffering withdrawals from their opioid medication.

    The evidence further demonstrated that the injections were uniformly billed as Tendon Origin Insertion injections (TOIs), even though almost none of these patients were diagnosed with pain in their tendons, and in many cases, it would have been medically impossible to administer TOIs with the equipment available to the practitioners. Nevertheless, Kestner relentlessly pressured the providers at his clinics to administer and bill for injections.

    The evidence also demonstrated that, to keep billings up, Kestner sent regular emails ranking the practitioners’ “production” against one another, criticizing providers for “below average” performance, and otherwise making providers feel they would lose their jobs or let down their clinic staff if they did not perform an increasing number of injections. He ignored repeated notices — including a lawsuit — from insurance companies alerting him that his clinics were billing these injections improperly. Through these practices, Pain MD became Medicare’s single highest biller of TOI procedures in the country, outranking the next highest biller by approximately eightfold.

    The jury convicted Kestner of one count of conspiracy to commit health care fraud and 12 counts of health care fraud. He is scheduled to be sentenced on Feb. 27, 2025, and faces a maximum penalty of 10 years in prison for each count. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division; Special Agent in Charge Kelly J. Blackmon of the Department of Health and Human Services Office of Inspector General (HHS-OIG); Special Agent in Charge Darrin K. Jones of the Defense Criminal Investigative Service (DCIS) Southeast Field Office, Department of Defense Office of Inspector General; Special Agent in Charge Kim R. Lampkins of the Department of Veteran Affairs Office of Inspector General (VA-OIG) Mid-Atlantic Field Office; and Director David Rausch of the Tennessee Bureau of Investigation (TBI) made the announcement.

    HHS-OIG, DCIS, VA-OIG, and TBI are investigating the case.

    Assistant Chief James V. Hayes and Trial Attorney Victor Yanz, with the assistance of Assistant Chief Kate Payerle, all of the Criminal Division’s Fraud Section, are prosecuting the case.

    The Fraud Section leads the Criminal Division’s efforts to combat health care fraud through the Health Care Fraud Strike Force Program. Since March 2007, this program, currently comprised of nine strike forces operating in 27 federal districts, has charged more than 5,400 defendants who collectively have billed federal health care programs and private insurers more than $27 billion. In addition, the Centers for Medicare & Medicaid Services, working in conjunction with HHS-OIG, are taking steps to hold providers accountable for their involvement in health care fraud schemes. More information can be found at www.justice.gov/criminal-fraud/health-care-fraud-unit. 

    MIL Security OSI –