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Category: Commerce

  • MIL-OSI New Zealand: Man nabbed on North Shore

    Source: New Zealand Police

    A man is facing at least 18 charges after a string of alleged offending across the North Shore area in recent months.

    Waitematā East Police caught up with the man and he is custody until his next court date later in June.

    Businesses and commuters have been the alleged targets of the man’s spree, including a defibrillator worth thousands of dollars from one Takapuna business.

    Area Commander Inspector Stefan Sagar says staff have been piecing together a series of burglaries and shoplifting offences.

    “Thanks to this collation the man was deemed a priority to target and locate, and Police arrested him near the Takapuna area late last week,” he says.

    “Other alleged offending includes the theft of scooters from Park and Rides at Constellation and Sunnynook.

    “We have laid 18 charges against this man including burglary, unlawful takes, theft and trespass.”

    A 42-year-old man appeared in the North Shore District Court in late May.

    “Police are continuing to target and hold offending to account and in this case, there was ongoing harm being inflicted,” Inspector Sagar says.

    “The man has been remanded in custody and is not currently in the community.”

    ENDS.

    Jarred Williamson/NZ Police

    MIL OSI New Zealand News –

    June 3, 2025

  • MIL-OSI New Zealand: Views sought on new Building Product Specifications

    Source: Ministry of Business Innovation and Employment (MBIE)

    Dr Dave Gittings, Manager, Building Performance and Engineering, said: “This new document streamlines the process for those looking to use proven and tested overseas products, knowing they will be accepted through the consenting system.”

    “The draft Building Product Specifications document released today contains specifications and overseas standards that can be used to demonstrate compliance with the Building Code. 

    “Designers will be able to use overseas products that comply with any one of these standards and specifications to show the building work meets overall Building Code requirements.

    “Today we are releasing the proposed first version of this document which contains specifications and standards for products that we already know and use, such as windows, plasterboard and cladding. 

    “We will be rolling out further updates to this document over time, as well as developing other pathways for recognising overseas products.

    “We think there’ll be a lot of interest in the changes – from councils who will be using the Building Product Specifications when assessing compliance – to designers, builders and developers keen to understand what other options are out there, and I’d like to encourage everyone to have their say.”

    Find out more and have your say:
    Give feedback on the Building Product Specifications

    MIL OSI New Zealand News –

    June 3, 2025

  • MIL-OSI United Kingdom: Bank on the UK in volatile times’ Trade Secretary tells G7 and European businesses

    Source: United Kingdom – Executive Government & Departments

    Press release

    Bank on the UK in volatile times’ Trade Secretary tells G7 and European businesses

    Trade Secretary’s message comes after UK sealed landmark deals with India, the US and EU

    • Jonathan Reynolds to meet G7 and EU counterparts in Paris and Brussels to discuss economic security and global trade.
    • Trade Secretary targets economic growth and jobs, saying deals with India, US and EU make UK the most connected economy for global business.
    • Visit shows how Plan for Change is reducing trade barriers that will boost exports to the EU.

    The UK is a country that counterparts and businesses can bank on in increasingly uncertain and volatile times, Trade Secretary Jonathan Reynolds will tell G7 and EU ministers and commissioners on a three-day visit to Paris and Brussels.

    He will deliver the message at a G7 Trade Ministerial Meeting in Paris before travelling to Brussels for talks with EU counterparts and a speech to business representatives, policymakers, and diplomats at the European Policy Centre’s Economic Security Forum.

    The Trade Secretary’s message comes after the UK sealed landmark deals with India, the US and the European Union, positioning the UK as a global champion of free trade, delivering for British businesses and putting money in the pockets of working people.

    This will be delivered through the expected GDP increase by £4.8 billion thanks to the India deal, nearly £9 billion added to the UK economy by 2040 through the EU deal and the thousands of jobs saved across the country because of the deal with the US.

    He is also expected to meet US Trade Representative Jamieson Greer, India’s Minister of Commerce and Industry Piyush Goyal and EU Commissioner for Trade and Economic Security Maros Šefčovič to progress implementation of the trade deals and ensure businesses feel the benefits as soon as possible.

    Jonathan Reynolds will use the visit to reinforce that Britain is open for business as part of this Government’s Plan for Change to deliver on its core mission to grow the economy, raise living standards and put more money in people’s pockets.

    Ahead of the visit, Business and Trade Secretary Jonathan Reynolds said:

    Our deals with the US, EU and India are proof that the UK is the most connected country in the world to do business. Along with our modern Industrial Strategy, our Plan for Change is making the UK a safe, stable bet in uncertain times.

    We recognise our relationship with G7 allies and EU counterparts must continue to evolve and deliver a better trading environment for our businesses and exporters.

    That’s why we want to wipe away costly, business-blocking barriers and open up opportunities to grow our economy, create jobs and put more money in people’s pockets.

    The Business Secretary will use his visit to call for the UK’s new relationship with the EU to help businesses, and with almost 100,000 UK businesses exporting goods to the EU last year, and the upcoming Trade Strategy, the UK is continuing its work to build on the recent deals and tear down barriers to doing business around the world.

    As part of the trip the Business and Trade Secretary will also discuss the UK’s modern Industrial Strategy being published this Spring in his first ever in person meetings with the European Commission’s Executive Vice-President for the Industrial Strategy Stephane Séjourné and Executive Vice-President for the Clean, Just and Competitive Transition Teresa Ribera.

    The Business and Trade Secretary will also use the visit to hold in-person meetings with Laurent Saint-Martin, Don Farrell and Maninder Sidhu, the Trade Ministers of France, Australia and Canada respectively.

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    Published 3 June 2025

    MIL OSI United Kingdom –

    June 3, 2025

  • MIL-OSI USA: OPINION: Relief, Retention, and Responsibility—Why This Special Session Matters

    Source: US State of Missouri

    JUNE 2, 2025

    By Governor Mike Kehoe

    This special session is about showing up for our communities—from the families across our state picking up the pieces after devastating storms, to the employees and small businesses whose livelihoods depend on the jobs and economic activity provided by the sports franchise businesses on the western side of our state. It’s about proving that we can act swiftly to help those in crisis, while also making smart decisions that secure opportunity for the future.

    The General Assembly achieved so much for our state this spring, so I am both thankful for their efforts and optimistic that we can work together to use this rare opportunity to benefit the future of our state. Because helping Missourians today—and building the kind of future they deserve tomorrow—isn’t just possible; it’s the kind of leadership Missourians expect from us.

    Disaster Relief

    Every storm reveals what matters most and who we are here for. We’ve seen firsthand how Missourians weather hardships and show up for their neighbors with courage and compassion. Now, it’s our turn to meet that same standard. We have the chance to pull together – not as rivals, but as public servants united by purpose.

    In this special session, we are asking legislators to take direct action to provide financial relief and housing assistance to those affected by natural disasters across our state. One key provision is a new income tax deduction—capped at $5,000 per household per disaster—for insurance deductibles paid by homeowners and renters in disaster-affected areas.

    We’re also strengthening support for those in need by expanding eligibility for emergency grants and rental assistance through the Missouri Housing Development Commission (MHDC). If passed by the General Assembly, the income eligibility threshold for these grants would be expanded from 50% to 75% of the regional Area Median Income. MHDC would also receive an additional $25 million appropriation to support the expanded disaster relief grands.

    Business Retention

    Sports teams have tremendous value beyond any financial measure. Our efforts are about retaining jobs, protecting local businesses, and preserving major economic drivers that benefit not just Kansas City, but the entire state.

    The Show Me Sports Investment Act is a step in the right direction for economic stability and job retention through tax credits and bonds that are performance-based and capped to keep the Kansas City Chiefs and Royals right here in Missouri where they belong.

    Let me be clear: We are not handing out blank checks to billionaires.

    The legislation allows teams to independently bond money from the state based on the taxes they already contribute. Only money generated by the sports teams can be used to repay the bond and any new or existing revenue above the bond payment will go to the state as it currently stands. Finally, this legislation gives each team a one-time $50 million tax credit if they first spend $500 million of their own dollars on renovating their stadium.

    If we fail to act, Missouri stands to lose thousands of jobs and millions in annual revenue. This isn’t a giveaway—it’s a strategy to ensure Missouri remains competitive with other states that would gladly take this opportunity for themselves.

    Budgetary Responsibility

    This special session call also contains critical appropriations that didn’t make it across the finish line in the regular session, including $25 million in General Revenue funds for the Radioisotope Science Center at the University of Missouri Research Reactor (MURR). The MURR has developed life-saving medicines for patients around the world, and Missouri is proud to be home to this incredible nuclear resource.

    We are also asking the General Assembly to appropriate funding from funds other than the General Revenue for various projects such as a new 200-bed mental health hospital in Kansas City, a new crime lab in Highway Patrol Troop E, new livestock and stalling barns at the Missouri State Fairgrounds, and various projects at parks and Missouri National Guard facilities across the state.

    We are not asking the General Assembly to forgive and forget the actions taken by members of an opposing party or chamber. Instead, we are asking them to set those feelings aside to get to work on issues that matter to the people we serve.

    We understand that tension doesn’t vanish with the gavels that close one session and open another. It lingers – in priorities left unresolved and personal strains that follow difficult debates. As a former legislator, I know it can be tough to move on from these moments. The echoes of disagreements still ripple beneath the surface. But we must turn the page.

    A special session is not just a procedural tool – it’s an invitation to rise above all the noise. It’s a chance to demonstrate that principled public servants can come together with resolve to do what’s right. Leadership isn’t proven by how loudly we defend our corners, but by how we willingly find solutions that work. Missourians are watching, and they’re ready for us to meet the moment.

    This special session isn’t just another item on the legislative calendar to check off – it’s a moment Missouri simply cannot afford to coast through. There are families still waiting for relief, jobs hanging in the balance, and communities counting on us to make wise, forward-thinking investments that won’t just fix short-term, hot-button problems – but shape a stronger future.

    It’s time to rise above the noise and govern with the people in mind. Because Missourians didn’t send us here to work for ourselves. We’re here to serve them.

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI USA: North Dakota Department of Commerce Announces $15 Million Destination Development Grant to Boost Tourism and Economic Growth

    Source: US State of North Dakota

    The North Dakota Department of Commerce is excited to announce the launch of the 2025 Destination Development Grant Program, a $15 million initiative aimed at enhancing the state’s tourism industry. This program, funded by the 69th Legislative Assembly, is designed to support the development and expansion of tourism experiences and attractions that contribute to North Dakota’s economic growth and diversification.

    “Tourism plays an essential role in North Dakota, contributing to a strong economy, by attracting visitors who spend money and pay taxes,” said Gov. Kelly Armstrong. “This grant program will support projects that offer legendary experiences that make our state a unique destination.”

    The Destination Development Grant Program provides financial support for projects that increase the number of unique visitor experiences, support workforce recruitment and retention, and enhance the quality of life for North Dakota residents. Eligible projects include the construction or expansion of tourism, recreation, entertainment, historic, or cultural attractions, as well as infrastructure investments that directly support tourism.

    “By creating more experiences that attract visitors and expanding the potential for extended stays, we are also enhancing the quality of life for our residents,” said Commerce Tourism and Marketing Director Sara Otte Coleman. “This grant program is a fantastic opportunity for communities and businesses across North Dakota to develop and expand their tourism offerings, ultimately driving economic growth and diversification.”

    Grant requests should range between $25,000 and $5,000,000, with a required 1:1 match contribution from non-state sources. Eligible entities include for-profit and non-profit organizations or businesses involved in tourism. Private and non-profit tourism entities using government buildings or public property are also eligible if the grant dollars are used to improve items belonging to the business or non-profit.

    The grant portal will be open from July 1 through July 31, 2025. Applicants must submit all materials online, including a detailed project description, budget, and letters of support. Competitive applications will demonstrate a clear vision, strategic alignment with tourism goals, and long-term value.

    Information on the Destination Development Grant will be available at https://ndgov.link/DestinationDevelopment.

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI Security: California Man Sentenced to 12 Months and One Day for Federal Cares Act Fraud

    Source: Office of United States Attorneys

    NEW ORLEANS – Acting U.S. Attorney Michael M. Simpson announced that NIPUN DESAI (“DESAI”), formerly of Hammond, La., but now a California resident, age 56, was sentenced to 12 months plus one day by U.S. District Judge Wendy B. Vitter for making false statements related to the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

    On March 27, 2020, the President of the United States signed into law the CARES Act, which provided emergency assistance, administered by the United States Small Business Administration (SBA), to small business owners affected by the Coronavirus (COVID-19) pandemic.  The two primary sources of funding for small businesses were the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loans (EIDL) program.

    According to court records, on or about January 25, 2021, DESAI made false statements to an approved lender in order to obtain an SBA backed PPP loan in the amount of $146,947.50 for a hotel in Metairie, LA.  At the time of the loan application, DESAI’s hotel was permanently closed and had no employees or payroll.

    In addition to incarceration, which is to be divided between time in the Bureau of Prisons and home incarceration, DESAI was sentenced to 2 years of supervised release.  He was also ordered to repay the SBA approximately $234,000 and the Louisiana Workforce Commission $26,000.  He also paid a mandatory special assessment fee of $100 and a fine of $25,000.

    For more information on the Department of Justice’s response to the pandemic, please visit https://www.justice.gov/coronavirus. Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    As part of the Pandemic Response Accountability Committee (PRAC) Task Force, this investigation was conducted by U.S. Department of Veterans Affairs – Office of Inspector General. The PRAC was established to promote transparency and facilitate coordinated oversight of the federal government’s COVID-19 pandemic response.  The PRAC’s 20 member Inspectors General identify major risks that cross program and agency boundaries to detect fraud, waste, abuse, and mismanagement in the more than $5 trillion in COVID-19 spending, including spending via the Paycheck Protection Program (PPP), and Economic Injury Disaster Loan (EIDL) program.  This case was also supported by the PRAC’s Pandemic Analytics Center of Excellence, which applies the latest advances in analytic and forensic technologies to help OIGs and law enforcement pursue data-driven pandemic relief fraud investigations.

    Acting U.S. Attorney Simpson praised the work of the U.S. Department of Veterans Affairs – Office of Inspector General, the Department of Labor – Office of Inspector General, and the U.S. Bankruptcy Trustee’s Office (Region 5) in investigating this matter.  Assistant U.S. Attorney Edward J. Rivera of the Financial Crimes Unit was in charge of the prosecution.

    MIL Security OSI –

    June 3, 2025

  • MIL-OSI: ibex to Present at Baird’s 2025 Global Consumer, Technology & Services Conference

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) — IBEX Limited (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and AI-powered customer engagement technology solutions, today announced that CEO Bob Dechant and CFO Taylor Greenwald will participate in Baird’s 2025 Global Consumer, Technology & Services Conference in New York City.

    Dechant and Greenwald will host a “Fireside Chat” on Tuesday, June 3, 2025, at 2 p.m. ET to speak about the company and answer questions. They will also participate in one-on-one investor meetings.

    About ibex
    ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage and retain valuable customers. Today, ibex operates a global CX delivery center model consisting of approximately 30 operations facilities around the world, while deploying next generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.

    ibex leverages its diverse global team of more than 31,000 employees together with industry-leading technology, including the AI-powered ibex Wave iX solutions suite, to manage nearly 175 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn.

    IR Contact:  Michael Darwal, EVP, Investor Relations, ibex, michael.darwal@ibex.co
    Media Contact:  Dan Burris, VP, Marketing and Communications, ibex, daniel.burris@ibex.co

    The MIL Network –

    June 3, 2025

  • MIL-OSI: Capital City Bank Group Announces Leadership Transition

    Source: GlobeNewswire (MIL-OSI)

    TALLAHASSEE, Fla., June 02, 2025 (GLOBE NEWSWIRE) — The board of directors of Capital City Bank Group (NASDAQ: CCBG) announced today that Bethany Corum has been named president of Capital City Bank, effective as of July 1, 2025. This historic appointment takes place during the Bank’s landmark 130th anniversary year and marks a significant milestone as Corum becomes the first female president in the history of the Bank. She assumes this role with extensive experience and a deep commitment to championing the mission and continued success of Capital City Bank.

    At the same time, Tom Barron, who has dedicated 51 years to Capital City Bank, including the last 30 as president, has been appointed president of Capital City Bank Group and chairman of the Capital City Bank Board of Directors, effective as of July 1, 2025. In this new capacity, he will continue to be engaged in the management of the Bank and guide the Company’s growth.

    Additionally, William G. Smith Jr. will continue as Capital City Bank Group chairman and CEO, overseeing corporate strategy and governance while guiding the long-term financial performance of the Company.

    These changes reflect a strategic effort to diversify the executive ranks and bolster management as the Company enters its next phase of growth.

    Corum has served as chief operating officer since 2015, with the primary responsibilities of overseeing the commercial lending, retail market management, wealth management, information technology, loan and deposit operations, facilities management and information security departments, as well as the disaster recovery, human resources and talent development functions. After establishing her financial industry roots as an executive with the Florida Bankers Association, Corum came to Capital City Bank in 2006 and served a decade as chief people officer and president of Capital City Services Company before being promoted to chief operating officer.

    “For almost two decades, I have had the privilege of witnessing Beth’s exceptional leadership and commitment to the success of our Company,” said Capital City Bank Group Chairman, President and CEO William G. Smith Jr. “She has consistently driven growth, innovation and operational efficiency while managing a vast array of our business functions. Her strategic vision and dedication to fostering a positive workplace culture have earned us recognition year after year among the best employers in the nation. I firmly believe in Beth’s ability to guide us through the next phase of our journey with continued excellence.”

    Barron has played an integral role in helping guide the Company through industry shifts and an evolving banking landscape. Barron was among the original architects of Capital City Bank Group, which was formed as a multi-bank holding company in 1984, and a principal player in subsequently consolidating the seven-member family of brands under the single name of Capital City Bank in 1995.

    “Working shoulder-to-shoulder with Tom for the last 50 years has been one of the greatest honors of my career,” said Smith. “His 51 years of service have not only helped to shape our Company legacy but also set a high standard for leadership in our industry, making him a clear choice for these vital roles. His exceptional expertise, strategic vision and consistent acumen have guided us through transformative times. I am confident that his deep knowledge of our past and insightful perspective on our future will continue to lead us to new heights.”

    Corum earned her bachelor’s degree from the University of Tennessee at Martin and her master’s degree from Florida State University. She is a dedicated community advocate and currently serves as treasurer of Tallahassee Memorial Healthcare board of directors, chairman of the United Way of the Big Bend and chair-elect of the Community Foundation of North Florida. She has formerly served as chair of the Children’s Home Society of North Florida, trustee for the Florida Bankers Educational Foundation and as past chair of the Greater Tallahassee Chamber of Commerce. Additionally, Corum is a Leadership Tallahassee and Leadership Florida graduate. 

    Barron holds an MBA from Florida State University and served as president of the Community Bankers of Florida in 1989. He currently serves on the boards of Capital Health Plan and Tall Timbers. A former chair of the Southeastern Community Blood Center, Greater Tallahassee Chamber of Commerce, United Way of the Big Bend, Seminole Boosters and Hollins University, Barron has demonstrated community leadership and advocacy throughout his career.

    About Capital City Bank Group, Inc.
    Capital City Bank Group, Inc. (NASDAQ: CCBG) is one of the largest publicly traded financial holding companies headquartered in Florida and has approximately $4.5 billion in assets. We provide a full range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, securities brokerage services and financial advisory services, including the sale of life insurance, risk management and asset protection services. Our bank subsidiary, Capital City Bank, was founded in 1895 and now has 62 banking offices and 105 ATMs/ITMs in Florida, Georgia and Alabama. For more information about Capital City Bank Group, Inc., www.ccbg.com. 

    For Information Contact:
    Brooke Hallock
    Hallock.Brooke@ccbg.com
    850.402.8525

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/6e7d733b-3458-481b-a2cc-a12b2c43f7dd

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3c1f5a36-ff85-4e5d-9320-63493e95dd97

    https://www.globenewswire.com/NewsRoom/AttachmentNg/df11cf9b-ef6e-4de1-ad9e-630a5d824fbc

    The MIL Network –

    June 3, 2025

  • MIL-OSI Security: Raleigh County Man Pleads Guilty to COVID-19 Relief Fraud Scheme

    Source: Office of United States Attorneys

    BECKLEY, W.Va. – Ross Jay Bailey, 50, of Cool Ridge, pleaded guilty today to theft of government money. Bailey obtained a $2 million loan through the Coronavirus Aid, Relief, and Economic Security (CARES) Act for his business and instead converted at least $1.4 million of the proceeds for his personal enrichment.

    According to court documents and statements made in court, on or about June 30, 2020, Bailey obtained an Economic Injury Disaster Loan (EIDL) of $150,000 on behalf of his business, R&R Delivery Service Inc. The CARES Act authorized the Small Business Administration (SBA) to provide EIDL program loans of up to $2 million to eligible small businesses experiencing substantial financial disruption due to the COVID-19 pandemic.

    Bailey successfully applied to increase the loan amount in August 2021 to $500,000 and in February 2022 to the $2 million maximum. Bailey certified that he would use all loans proceeds solely as working capital to alleviate economic injury caused by the pandemic.

    As part of his guilty plea, Bailey admitted that he transferred at least $1.4 million of the EIDL proceeds from his business’s bank account to his personal bank account from on or about March 1, 2022, through on or about May 31, 2022. Bailey further admitted that he converted these funds into purchases of stock and cryptocurrency for his personal enrichment.

    Bailey is scheduled to be sentenced on October 10, 2025, and faces a maximum penalty of 10 years in prison, up to three years of supervised release, and a $250,000 fine. Bailey also owes at least $1,518,013.58 in restitution, with a final amount to be determined by the Court.

    Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the National Aeronautics and Space Administration Office of Inspector General (NASA OIG), the United States Secret Service, the West Virginia State Police-Bureau of Criminal Investigations (BCI) and the West Virginia State Auditor’s Office (WVSAO) Public Integrity and Fraud Unit (PIFU).

    NASA OIG is an active member of the Pandemic Response Accountability Committee (PRAC) Fraud Task Force. The PRAC was established to promote transparency and facilitate coordinated oversight of the federal government’s COVID-19 pandemic response. The PRAC’s 20 member Inspectors General identify major risks that cross program and agency boundaries to detect fraud, waste, abuse, and mismanagement in the more than $5 trillion in COVID-19 spending, including spending via the Paycheck Protection Program (PPP), and Economic Injury Disaster Loan (EIDL) program. This case was also supported by the PRAC’s Pandemic Analytics Center of Excellence, which applies the latest advances in analytic and forensic technologies to help OIGs and law enforcement pursue data-driven pandemic relief fraud investigations.

    United States Magistrate Judge Omar J. Aboulhosn presided over the hearing. Assistant United States Attorney Erik S. Goes is prosecuting the case.

    Bailey’s brother, Ryan Keith Bailey, 47, of Beaver, pleaded guilty on May 7, 2025 to theft of government money. Ryan Keith Bailey obtained $2,166,517.40 in loans through the CARES Act for his business and instead converted nearly all of the proceeds for his personal use. Ryan Keith Bailey is scheduled to be sentenced on September 12, 2025.

    Mark William Bailey, 52, of Beckley and a cousin of Ross Jay Bailey and Ryan Keith Bailey, pleaded guilty on September 8, 2023, to theft of government monies, admitting he stole approximately $451,237.51 in SBA loans he obtained through the CARES Act. On October 25, 2024, Mark William Bailey was sentenced to five years of federal probation, including one year on home detention, and paid $451,237.51 in restitution and an additional $451,237.98 as a civil penalty to settle False Claims Act allegations.

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

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case Nos. 5:24-cr-105.

    ###

     

     

    MIL Security OSI –

    June 3, 2025

  • MIL-OSI USA: Congressman Williams Introduces Bill to Unlock Investment Research for Main Street Businesses

    Source: United States House of Representatives – Congressman Roger Williams (25th District of Texas)

    Washington, D.C. – Today, Congressman Roger Williams (TX-25), alongside Rep. Cleo Fields, introduced the Securities Research Modernization Act to amend the Securities Act of 1933. This legislation ensures businesses have better visibility, draw more investor interest, and have a greater chance of a successful public offering. 

    “Access to capital remains a top issue for small businesses across America,” said Congressman Williams. “Research reports are critical tools that help companies attract investors and improve transparency in the market, but many small and mid-sized businesses are excluded from research coverage during the public offering process. We must level the playing field to ensure all businesses can compete. My bill ensures investors have access to independent analysis, making the market more transparent, efficient, and prosperous for Main Street.” 

    “This bill is about giving hardworking Americans a fair shot at making smart investments. By allowing research on all companies planning to go public—not just the big ones—we’re putting more information in the hands of everyday folks. Louisianans shouldn’t need special connections to Wall Street to build wealth for their families. This legislation helps our small businesses get noticed when they’re ready to grow and creates more opportunities in communities that have been overlooked. When hardworking Americans have better information, they can make better choices for their financial future.” – Rep. Cleo Fields (LA-06)

    Read the bill text here.

    Background:

    • Under current law, many small and mid-sized businesses—especially those not qualifying as EGCs—are excluded from research coverage during the IPO process.
    • Expanding this exemption would support more companies, empower retail investors, and strengthen capital formation in communities across the country.

    ###

    Congressman Roger Williams is the Chairman of the House Small Business Committee and member of the House Financial Services Committee. He proudly represents the 25th Congressional District of Texas.

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI USA: FDA Launches Agency-Wide AI Tool to Optimize Performance for the American People

    Source: US Department of Health and Human Services – 3

    For Immediate Release:
    June 02, 2025

    [embedded content]

    The U.S. Food and Drug Administration (FDA) today launched Elsa, a generative Artificial Intelligence (AI) tool designed to help employees—from scientific reviewers to investigators—work more efficiently. This innovative tool modernizes agency functions and leverages AI capabilities to better serve the American people.
    “Following a very successful pilot program with FDA’s scientific reviewers, I set an aggressive timeline to scale AI agency-wide by June 30,” said FDA Commissioner Marty Makary, M.D., M.P.H. “Today’s rollout of Elsa is ahead of schedule and under budget, thanks to the collaboration of our in-house experts across the centers.”
    Built within a high-security GovCloud environment, Elsa offers a secure platform for FDA employees to access internal documents while ensuring all information remains within the agency. The models do not train on data submitted by regulated industry, safeguarding the sensitive research and data handled by FDA staff.
    “Today marks the dawn of the AI era at the FDA with the release of Elsa, AI is no longer a distant promise but a dynamic force enhancing and optimizing the performance and potential of every employee,” said FDA Chief AI Officer Jeremy Walsh. “As we learn how employees are using the tool, our development team will be able to add capabilities and grow with the needs of employees and the agency.”
    The agency is already using Elsa to accelerate clinical protocol reviews, shorten the time needed for scientific evaluations, and identify high-priority inspection targets.
    Elsa is a large language model–powered AI tool designed to assist with reading, writing, and summarizing. It can summarize adverse events to support safety profile assessments, perform faster label comparisons, and generate code to help develop databases for nonclinical applications. These are just a few examples of how Elsa will be used across the enterprise to improve operational efficiency.
    The introduction of Elsa is the initial step in the FDA’s overall AI journey. As the tool matures, the agency has plans to integrate more AI in different processes, such as data processing and generative-AI functions to further support the FDA’s mission.
    Prioritizing efficiency and responsibility, the FDA launched Elsa ahead of schedule using an all-center approach. Leaders and technologists across the agency collaborated, demonstrating the FDA’s ability to transform its operations through AI.

    Consumer:888-INFO-FDA

    ###

    Boilerplate

    The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation’s food supply, cosmetics, dietary supplements, radiation-emitting electronic products, and for regulating tobacco products.

    Content current as of:
    06/02/2025

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    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI Security: Spokane Dermatologist Agrees to Pay $1.4 Million to Resolve Claims of Fraudulently Obtaining COVID-19 Funds

    Source: US FBI

    Spokane, Washington – The United States Attorney’s Office announced William Philip Werschler, age 66, of Spokane, Washington, along with his businesses Spokane Dermatology Clinic, Premier Clinical Research L.L.C., and 3rd and Sherman Plaza L.L.C., have agreed to pay $1,400,000 to resolve claims under the False Claims Act related to alleged mis-spending of funds intended to benefit struggling businesses during the COVID-19 pandemic.

    On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  The CARES Act provided a number of programs through which eligible small businesses could request and obtain relief funding intended to mitigate the economic impacts of the pandemic for small and local businesses. One such program, the Economic Injury Disaster Loan (EIDL) program, provided low interest loans that could be deferred until the conclusion of the pandemic to provide “bridge” funding for small businesses to maintain their operations during shutdowns and other economic circumstances caused by the pandemic.  EIDL funds were to be used solely as working capital to alleviate economic injury to a business caused by the COVID-19 disaster, such as paying payroll, health insurance premiums, rent, utilities, and fixed debt payments.  EIDL funds were not to be used for personal purposes or to obtain real property or to refinance indebtedness which was incurred prior to the disaster event is a prohibited use of EIDL funding.

    According to the settlement agreement, beginning no later than April 2020 and continuing until at least July 2022, Werschler applied for EIDL loans for his businesses: Spokane Dermatology Clinic, Premier Clinical Research, and 3rd and Sherman Plaza L.L.C. 

    Shortly after receiving EIDL funds, Werschler made personal purchases of a 2011 Porsche 911 GT3 and a 1997 Porsche Carrera for a total of $252,375.00.  Werschler also used $553,143 to purchase two properties across from his Spokane Dermatology Clinic.  The purchase of personal automobiles and real property are both contrary to the proper use of EIDL funds.  The global resolution entered into by Werschler and his companies also resolved related criminal charges.

    This case was investigated by the IRS Criminal Investigations, the FBI, and the Small Business Administration Office of Inspector General. 

    The settlement agreement can be viewed at the link below.

    MIL Security OSI –

    June 3, 2025

  • MIL-OSI Europe: Answer to a written question – Compliance check on online second-hand goods traders and consumer rights protection – E-001214/2025(ASW)

    Source: European Parliament

    The Consumer Protection Cooperation (CPC) Network[1] of national authorities, facilitated by the Commission, operates to increase compliance with EU consumer legislation, such as the Unfair Commercial Practices Directive.

    A notable example of a CPC enforcement action concerning online sales of second-hand goods is the one against Vinted, successfully concluded in June 2024.[2]

    Following the 2025 sweep on online traders of second-hand goods, national authorities will decide the appropriate follow up in relation to the 185 traders identified for further investigation.

    They can require traders to comply with their obligations under the Consumer Rights Directive 2011/83/EU[3] and the Sale of Goods Directive,[4] following respective national procedures.

    Although the Commission lacks direct enforcement powers in this field, it plays a crucial role in coordinating many CPC Network activities, such as sweeps, and supporting authorities with clarifications and digital infrastructure (EU eLab).

    It also organises regular CPC Network meetings and seminars to enhance knowledge and collaboration across authorities. In addition, consumers have access to different means of individual and collective redress, such as alternative dispute resolution and representative actions.[5]

    The power to impose sanctions on traders always lies solely with the national authorities and courts within the current legal framework. To strengthen enforcement and better protect consumers against EU-wide law breaches while ensuring fair competition, the Commission is considering reviewing the CPC Regulation.[6]

    • [1] Regulation (EU) 2017/2394 of the European Parliament and of the Council of 12 December 2017 on cooperation between national authorities responsible for the enforcement of consumer protection laws and repealing Regulation (EC) No 2006/2004.
    • [2] Following a dialogue with the Commission and the CPC Network, Vinted improved its pricing information to bring their practices more in line with EU consumer law. For more, please see: https://ec.europa.eu/commission/presscorner/detail/en/ip_24_3292.
    • [3] Directive 2011/83/EU of the European Parliament and of the Council of 25 October 2011 on consumer rights, amending Council Directive 93/13/EEC and Directive 1999/44/EC of the European Parliament and of the Council and repealing Council Directive 85/577/EEC and Directive 97/7/EC of the European Parliament and of the Council, OJ L 304, 22.11.2011, p. 64-88.
    • [4] Directive (EU) 2019/771 of the European Parliament and of the Council of 20 May 2019 on certain aspects concerning contracts for the sale of goods, amending Regulation (EU) 2017/2394 and Directive 2009/22/EC, and repealing Directive 1999/44/EC, OJ L 136, 22.5.2019, p. 28-50.
    • [5] Directive (EU) 2020/1828 of the European Parliament and of the Council of 25 November 2020 on representative actions for the protection of the collective interests of consumers and repealing Directive 2009/22/EC.
    • [6] See p. 17 of the https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:52025DC0037.
    Last updated: 2 June 2025

    MIL OSI Europe News –

    June 3, 2025

  • MIL-OSI: Quantum eMotion Closes Brokered LIFE Financing of $12,000,000

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

    MONTREAL, June 02, 2025 (GLOBE NEWSWIRE) — Quantum eMotion Corp. (“QeM” or the “Corporation”) (TSX.V: QNC; OTCQB: QNCCF; F: 34Q0) is pleased to announce that it has closed its previously announced best efforts brokered private placement for total gross proceeds of $12,000,000 (the “Offering”), consisting of the issuance of 8,000,000 units of the Corporation (each a “Unit”) at a price of $1.50 per Unit (the “Offering Price”), pursuant to the listed issuer financing exemption (the “LIFE Exemption”) under Part 5A of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”). A.G.P. Canada Investments ULC (the “Agent”) acted as sole bookrunner for the Offering and A.G.P./Alliance Global Partners acted as the sole U.S. agent to the Corporation in connection with the Offering.

    Each Unit consists of (i) one common share in the capital of the Corporation (a “Share”), and (ii) one common share purchase warrant (a “Warrant”). Each Warrant entitles its holder to acquire one additional common share (a “Warrant Share”) of the Corporation at a price of $1.82 for a period of 3 years from the date of issuance.

    The Corporation intends to use the net proceeds raised from the Offering to accelerate the pace of its research and development (“R&D”) efforts, expand the R&D team, hire staff for the commercialization initiatives underway and for general working capital purposes.

    Subject to compliance with applicable regulatory requirements and in accordance with NI 45-106, the securities issued pursuant to the LIFE Exemption are expected to be immediately freely tradeable and will not be subject to a hold period under applicable Canadian securities laws.

    There is an offering document related to the Offering that can be accessed under the Corporation’s profile at www.sedarplus.ca and on the Corporation website at https://www.quantumemotion.com/.

    As consideration for their services, the Agent has received an aggregate cash fee equal to 6.0% of the gross proceeds of the Offering. In addition, the Corporation issued to the Agent non-transferable warrants (the “Agent Warrants”) representing 4.0% of the aggregate number of Units issued pursuant to the Offering. Each Agent Warrant entitles its holder to purchase one common share of the Corporation at price of $1.66 for a 30-month period from the date of issuance.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available.

    About QeM

    The Corporation’s mission is to address the growing demand for affordable hardware and software security for connected devices. QeM has become a pioneering force in classical and quantum cybersecurity solutions thanks to its patented Quantum Random Number Generator, a security solution that exploits the built-in unpredictability of quantum mechanics and promises to provide enhanced protection for high-value assets and critical systems.

    The Corporation intends to target highly valued Financial Services, Healthcare, Blockchain Applications, Cloud-Based IT Security Infrastructure, Classified Government Networks and Communication Systems, Secure Device Keying (IOT, Automotive, Consumer Electronics) and Quantum Cryptography.

    For further information, please visit our website at https://www.quantumemotion.com/ or contact us at: info@quantumemotion.com

    Marc Rousseau, Chief Financial Officer
    Tel: (514) 886-0045
    Email: info@quantumemotion.com
    Website: www.quantumemotion.com

    Cautionary Note regarding Forward-Looking Statements

    This news release contains “forward-looking information” within the meaning of applicable securities laws, which is based upon the Corporation’s current internal expectations, estimates, projections, assumptions and beliefs. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Corporation’s expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering, and the completion of the Corporation’s business objectives, and the timing, costs, and benefits thereof. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Corporation. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements or forward-looking information are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements or forward-looking information, including, without limitation, risks and uncertainties relating risks inherent to the cybersecurity industry, the value of the Corporation’s intangible assets, completing proof of concept studies, protecting intangible assets rights, timing and availability of external financing on acceptable terms or at all, the possibility that future results will not be consistent with the Corporation’s expectations, increases in costs, changes in legislation and regulation, changes in economic and political conditions and other risks involved in the cybersecurity industry and inherent to new technologies, such as risk of obsolescence, slow adoption and competing technological advances; and those risks set out in the Corporation’s public documents filed on SEDAR+ at www.sedarplus.ca.

    Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or forward-looking information. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that could cause results not to be as anticipated, estimated or intended. For more information on the Corporation and the risks and challenges of its business, investors should review the Corporation’s annual filings that are available at www.sedarplus.ca. The Corporation provides no assurance that forward-looking statements or forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements and information. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking information.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

    June 3, 2025

  • MIL-OSI Banking: ICC warns trade uncertainty is undermining global business confidence 

    Source: International Chamber of Commerce

    Headline: ICC warns trade uncertainty is undermining global business confidence 

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    Mr Denton said uncertainty surrounding US tariffs and trade policy is acting as a “tax” on international businesses.   

    “What we’re seeing on a global basis is heightened levels of uncertainty,”

    he said, adding that the lack of clear direction on trade policy is shaking business confidence and disrupting global trade planning. 

    Citing a recent Pulse survey of ICC’s global business network to assess the impact of newly announced US tariff measures, Mr Denton highlighted the growing challenges for small businesses.  

    Conducted across 68 countries the survey shows that 77% of firms report direct or knock-on risks from the tariffs, and 48% say the measures have already impacted their supply chains or market strategy. 

    “What that tells you is that small businesses are really feeling this as well, and they do not have the resources that large businesses do. It’s just problematic, and even for large business this is very complicated,” he said

    Mr Denton called for continued international cooperation citing ICC’s long-standing support for a multilateral rules-based trading system. 

    “The reason we’ve been able to see a decline in poverty globally is because we actually have rules-based trading systems operating,” he said

    Watch the interview here  

    MIL OSI Global Banks –

    June 3, 2025

  • MIL-OSI New Zealand: WorkSafe makes significant shift to rebalance its activities, launches road cone hotline

    Source: New Zealand Government

    WorkSafe makes significant shift to rebalance its activities, launches road cone hotline      

    As part of a broader suite of health and safety reforms, the Government has agreed to a range of changes that will significantly refocus WorkSafe from an enforcement agency to one that engages early to support businesses and individuals to manage their critical risks, Workplace Relations and Safety Minister Brooke van Velden says.

    “During my public consultation, I heard many concerns from a wide range of Kiwi businesses and workers about WorkSafe’s inconsistency, culture and lack of guidance. It was a constant theme on the roadshow from all parts of the country.  

    “I have listened to these concerns and today I am sharpening the focus of WorkSafe to change the culture of the agency. For too long, businesses and employers have asked for more guidance and help from WorkSafe on how to comply with health and safety legislation, only to be told it’s not WorkSafe’s job. 

    “A culture where the regulator is feared for its punitive actions rather than appreciated for its ability to provide clear and consistent guidance is not conducive to positive outcomes in the workplace. 

    “Changes begin with today’s launch of WorkSafe’s road cone tipline to look into and provide guidance on instances of over-compliance in temporary traffic management,” says Ms van Velden.  

    The tipline will be complemented by a joint engagement programme by WorkSafe with NZTA and key industry stakeholders, educating those involved with temporary traffic management to adopt a risk-based approach. 

    “In addition, WorkSafe has started slashing outdated guidance documents from its website and will be updating guidance where necessary. Fifty documents have already been removed and more will follow. These documents were identified as being no longer relevant, not reflecting current practice and technology, or containing content that is covered by other more up-to-date guidance. Removing and replacing outdated guidance will make it much easier for people to find the help they’re looking for and ensures WorkSafe is giving consistent and clear advice.

    “I will also restructure WorkSafe’s appropriation to increase fiscal transparency and support delivery of my expectations. 

    “For some time, WorkSafe has struggled to effectively articulate the cost and effectiveness of its activities, making it difficult to monitor and assess the value of activities or the merit of requests for further funding. 

    “To address this, I will split WorkSafe’s appropriation into four new categories

    1. Supporting work health and safety practice
    2. Enforcing work health and safety compliance
    3. Authorising and monitoring work health and safety activities, and
    4. Energy safety.  

    “This change will come into effect later this year and will provide a clear framework that focuses WorkSafe through change in culture and expectations,” says Ms van Velden.  

    “I want to make sure that the public receives a better experience in their everyday interactions with WorkSafe. The public will be able to provide feedback on the timeliness and effectiveness of WorkSafe’s guidance, inspections and other engagements. I expect this will promote continuous improvement,” says Ms van Velden.

    A Letter of Expectations has been sent to WorkSafe formalising the Minister’s expectations of WorkSafe. 

    “I want to thank WorkSafe’s Board, Chief Executive and staff for acknowledging the work ahead, making WorkSafe’s work programme fit for purpose,” says Ms van Velden. 

    Notes to Editors:

    • The road cone hotline will be accessible from 7am through the following link: worksafe.govt.nz/roadcones
    • The Cabinet paper attached and published on Health and safety reform | Ministry of Business, Innovation & Employment under Background documents heading
    • Minister’s Letter of Expectations to WorkSafe is attached, outlining more detail about these changes.

    Strategic Baseline Review: Independent reviews of WorkSafe | Ministry of Business, Innovation & Employment

    MIL OSI New Zealand News –

    June 3, 2025

  • MIL-OSI USA: During AI Hearing, Trahan Blasts GOP’s Massive Giveaway to Big Tech

    Source: United States House of Representatives – Congresswoman Lori Trahan (D-MA-03)

    WASHINGTON, DC – Today, during a House Energy and Commerce Committee hearing, Congresswoman Lori Trahan (MA-03) blasted House Republicans for supporting a ten-year moratorium on state legislation to protect Americans from harms caused by artificial intelligence (AI). The ban was included in the GOP’s reconciliation package passed by the Committee last week and set to be considered on the House floor as soon as today.
    CLICK HERE or the image below to view Trahan’s remarks during the Committee’s consideration of reconciliation legislation. A transcript is embedded below.

    “Under Republican leadership, this committee has failed time and time again to protect Americans’ privacy and safeguard our children online. GOP leaders have blocked whistleblower protections for tech workers who risk their livelihoods to shine a light on their employers’ privacy abuses. They killed comprehensive privacy legislation to minimize data collection and ensure proper use. They said no to simple transparency legislation so independent auditors could make sure Big Tech companies aren’t breaking the law,” Congresswoman Trahan said. “But what Republican members of this committee did find time to do last week – in the middle of the night by the way – is force through an unprecedented giveaway to the tech industry: A ten-year ban on state laws that could make AI safer for our constituents.”
    Last week, the House Energy and Commerce Committee marked up House Republicans’ reconciliation package that will cut $715 billion from Medicaid and eliminate health coverage for at least 13.7 million Americans. Included in that bill is a provision that would ban states from creating or implementing laws to limit potential harms of AI, effectively allowing Big Tech companies to deploy a rapidly changing technology without any accountability for its negative impacts.
    During debate over the legislation, Trahan spoke in support of an amendment filed by House Energy and Commerce Committee Ranking Member Frank Pallone, Jr. (NJ-06) to strike the 10-year moratorium on state AI regulation. Every Republican on the committee voted against the amendment, preserving the provision in the bill. In response to Republicans’ ban on AI regulation and its passage out of the Committee, hundreds of civil liberties and consumer protection organizations, as well as a bipartisan group of over 40 state Attorneys General, have expressed strong opposition, describing the harmful impact the ban would have on consumers by depriving them of rights duly provided by state legislatures.
    “Make no mistake. The families who have come to this committee and begged for us to act won’t benefit from this proposal, but you know who will? The Big Tech CEOs who were sitting behind Donald Trump at his inauguration,” Congresswoman Trahan continued.
    —————————————-
    Congresswoman Lori Trahan
    Remarks As Delivered
    House Energy and Commerce Committee Hearing on “AI Regulation and the Future of US Leadership”
    May 21, 2025
    I thank the Ranking Member for yielding.
    Under Republican leadership, this committee has failed time and time again to protect Americans’ privacy and safeguard our children online.
    GOP leaders have blocked whistleblower protections for tech workers who risk their livelihoods to shine a light on their employers’ privacy abuses. They killed comprehensive privacy legislation to minimize data collection and ensure proper use. They said no to simple transparency legislation so independent auditors could make sure Big Tech companies aren’t breaking the law.
    But what Republican members of this committee did find time to do last week – in the middle of the night by the way – is force through an unprecedented giveaway to the tech industry: A ten-year ban on state laws that could make AI safer for our constituents.
    Make no mistake. The families who have come to this committee and begged for us to act won’t benefit from this proposal, but you know who will? The Big Tech CEOs who were sitting behind Donald Trump at his inauguration.
    Now, we can agree that a patchwork of various state laws is not good for innovation, for business, or consumers. But this is a bad policy because it sets another disincentive for us to act urgently or even in time. All the while, Republicans are once again ceding Congress’s duty to protect Americans’ privacy to the very companies who are perpetrating the worst abuses online.
    You’re basically inviting the fox into the hen house.
    And you’re doing so under the justification that this will somehow motivate Congress to unify the patchwork of state laws currently in existence. But that hasn’t happened yet.
    Just look at what happened to the privacy bill that we crafted together on this committee. The moment that Big Tech started lobbying against it, the Republican Speaker and the Majority Leader caved. They killed the bill. And now you turn around and try to deceive the American people into accepting this ridiculous alternative?
    Come on. Our constituents aren’t stupid. They want real action from us to rein in the abuses of tech companies, not to give them blanket immunity to abuse our most sensitive data even more.
    At the same time, our Republican colleagues are complaining about Europe’s tech laws, which we can acknowledge are imperfect. But at least they had the guts to do something – literally anything – to make the internet better for the folks they represent. Shame on us if we don’t answer the same demands from the American people.
    I urge my colleagues to reject this giveaway to the same Big Tech companies that have stymied every attempt at updating our privacy laws. I want to urge my colleagues to vote no on the partisan reconciliation bill when the same leaders who killed our bipartisan privacy legislation bring it to the floor.
    And let’s just get to work in a bipartisan way to foster innovation and protect our constituents with sensible guardrails on Big Tech. Thank you. I yield back.
    ###

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI USA: Two People Sentenced for Stealing Nearly $300,000 in COVID-19 Relief Money

    Source: United States Small Business Administration

    Click Here to View the Original U.S. Department of Justice (DOJ) Press Release

    Acting United States Attorney Richard R Barker announced that David Kurt Schneider, of Kennewick, Washington and Kelly Jo Driver, of South Carolina, were sentenced after pleading guilty to COVID-19 relief fraud. Chief United States District Judge Stanley A. Bastian sentenced Schneider to 12 months in prison and Driver to 5 years of probation. Chief Judge Bastian also ordered restitution of $121,762.

    Co-defendant, Leif Gerald Larsen, of Pasco, Washington, has pleaded guilty to wire fraud and will be sentenced July 30, 2025, in Yakima.

    On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act.  The CARES Act provided a number of programs through which eligible small businesses could request and obtain relief funding intended to mitigate the economic impacts of the pandemic for small and local businesses.  One such program, the Paycheck Protection Program (PPP), provided government-backed funding to small businesses which could be forgiven so long as the proceeds were used for payroll and other eligible expenses.  Another program, the Economic Injury Disaster Loan (EIDL) program, provided low interest loans that could be deferred until the conclusion of the pandemic to provide “bridge” funding for small businesses to maintain their operations during shutdowns and other economic circumstances caused by the pandemic.  The PPP and EIDL programs have provided billions of dollars in aid, the vast majority of which have not been paid back, including hundreds of millions of dollars disbursed within Eastern Washington.

    According to court documents and information presented at the sentencing hearing, Schneider, Driver, and Larsen submitted funding applications in the name of Larsen Firearms, owned by Larsen, and Solar Mobility LLC, RealNZ Water LLC, and Tempest Tactical Solutions, LLC, all owned by Schneider. Driver created fraudulent payroll and tax forms that were submitted in support of the applications, and that, for her part in the scheme, Driver received 10% of the funds disbursed by the SBA and participating lenders.

    In total, Schneider, Driver, and Larsen fraudulently obtained at least $292,000 in CARES Act funding through the PPP and EIDL programs and submitted fraudulent applications seeking at least an additional $560,000 in CARES Act funding that were ultimately not approved.

    “Pandemic relief programs were created to support workers, small businesses, and communities struggling through an unprecedented crisis – not to enrich fraudsters,” said Acting U.S. Attorney Rich Barker. “By stealing nearly $300,000 intended for legitimate businesses, these defendants diverted critical resources at a time when many businesses were fighting to survive. The SBA, FBI, the U.S. Attorney’s Office will continue to hold accountable those who exploit government aid for personal gain.”

    “Those who exploited SBA’s pandemic relief programs for personal gain will be held accountable,” said SBA OIG’s Western Region Assistant Special Agent in Charge, Tim Larson. “SBA OIG continues to prioritize fraud investigations involving pandemic-era programs, working closely with the U.S. Attorney’s Office and our law enforcement partners to protect taxpayer funds and uphold the integrity of federal relief efforts.”

    This case was investigated by the Eastern District of Washington COVID-19 Fraud Strike Force and by FBI and SBA OIG.  This case was prosecuted by Assistant United States Attorneys Jeremy J. Kelley and Frieda K. Zimmerman.  

    4:24-cr-06004-SAB

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI USA: Spokane Dermatologist Agrees to Pay $1.4 Million to Resolve Claims of Fraudulently Obtaining COVID-19 Funds

    Source: United States Small Business Administration

    Click Here to View the Original U.S. Department of Justice (DOJ) Press Release

    The United States Attorney’s Office announced William Philip Werschler, age 66, of Spokane, Washington, along with his businesses Spokane Dermatology Clinic, Premier Clinical Research L.L.C., and 3rd and Sherman Plaza L.L.C., have agreed to pay $1,400,000 to resolve claims under the False Claims Act related to alleged mis-spending of funds intended to benefit struggling businesses during the COVID-19 pandemic.

    On March 27, 2020, the President signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  The CARES Act provided a number of programs through which eligible small businesses could request and obtain relief funding intended to mitigate the economic impacts of the pandemic for small and local businesses. One such program, the Economic Injury Disaster Loan (EIDL) program, provided low interest loans that could be deferred until the conclusion of the pandemic to provide “bridge” funding for small businesses to maintain their operations during shutdowns and other economic circumstances caused by the pandemic.  EIDL funds were to be used solely as working capital to alleviate economic injury to a business caused by the COVID-19 disaster, such as paying payroll, health insurance premiums, rent, utilities, and fixed debt payments.  EIDL funds were not to be used for personal purposes or to obtain real property or to refinance indebtedness which was incurred prior to the disaster event is a prohibited use of EIDL funding.

    According to the settlement agreement, beginning no later than April 2020 and continuing until at least July 2022, Werschler applied for EIDL loans for his businesses: Spokane Dermatology Clinic, Premier Clinical Research, and 3rd and Sherman Plaza L.L.C.

    Shortly after receiving EIDL funds, Werschler made personal purchases of a 2011 Porsche 911 GT3 and a 1997 Porsche Carrera for a total of $252,375.00.  Werschler also used $553,143 to purchase two properties across from his Spokane Dermatology Clinic.  The purchase of personal automobiles and real property are both contrary to the proper use of EIDL funds.  The global resolution entered into by Werschler and his companies also resolved related criminal charges.

    This case was investigated by the IRS Criminal Investigations, the FBI, and the Small Business Administration Office of Inspector General.

    The settlement agreement can be viewed at the link below.

    settlement_agreement.pdf

    Related programs: COVID EIDL, Pandemic Oversight

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI Banking: UK biopharma venture financing QoQ doubles to $1.1 billion in Q1 2025, reveals GlobalData

    Source: GlobalData

    UK biopharma venture financing QoQ doubles to $1.1 billion in Q1 2025, reveals GlobalData

    Posted in Business Fundamentals

    UK biopharmaceutical companies experienced a quarter-on-quarter (QoQ) surge in venture financing, reaching $1.1 billion in the first quarter (Q1) of 2025—twice the amount raised in the fourth quarter (Q4) of 2024 and exceeding all quarterly totals from 2021. This surge highlights investor appetite for breakthrough innovation, but growing dependence on US capital and policy-driven cost pressures signal an urgent need to strengthen domestic investment for sustainable growth, says GlobalData, a leading data and analytics company.

    While global biopharmaceutical venture financing witnessed a downturn over 2022 and 2023, the UK demonstrated resilience with sustained year-over-year growth, doubling from $827 million in 2022 to $1.7 billion in 2024, according to GlobalData’s Pharmaceutical Intelligence Center Deals Database.

    In 2021, British Patient Capital launched the “Life Sciences Investment Programme (LSIP)” – a GBP200 million initiative that aimed to attract GBP400 million additional venture financing for UK life sciences. Under the new Mansion House Accord announced by the UK government in May 2025, leading pension providers have committed to invest 5% of their funds towards private UK-based companies, potentially unlocking $25 billion of domestic funding for UK businesses by 2030.

    Alison Labya, Business Fundamentals Pharma Analyst at GlobalData, comments: “The growth in venture financing for UK biopharmaceutical companies in Q1 2025 was primarily driven by two mega-rounds – Isomorphic Labs with $600 million and Verdiva Bio with $411 million. This suggests increased investor selectivity where available capital is being concentrated into a smaller number of companies with high commercial potential.”

    Furthermore, US investors were involved in almost totality for the $1.1 billion of the total venture financing deal value raised in Q1 2025 by UK biopharmaceutical companies, compared to UK investors’ involvement of only $112.7 million. A dependency on US capital could prompt companies to relocate to the US and limit the reinvestment of returns into the UK biopharmaceutical sector, weakening its long-term growth.

    Labya concludes: “UK biopharmaceutical companies continue to attract investor interest; however, sustained venture financing and initiatives to boost domestic investment will be crucial for translating UK-based innovation into commercial success.

    “Investor appetite could be impacted by the rise in rebate rates from 15.5% to 32.2% for H2 2025 under the Statutory Scheme announced in March 2025, along with an increase to 22.9% under the 2024-2028 Voluntary Scheme for Branded Medicines Pricing, Access and Growth (VPAG). An anticipated increase in costs associated with these drug pricing policy changes could deter companies from developing drugs in the UK, which may slow UK-based innovation and reduce patient access to medicines.”

    Note: Includes announced and completed venture capital deals involving companies headquartered in the UK with at least one innovator drug where marketed, pre-registration, Phase III, Phase II, Phase I, preclinical, and discovery stages are considered. Includes deals where a deal value was publicly disclosed.

    For further insights into the latest Deal Trends in the Pharma Sector, please see our Venture Capital Investment Trends in Pharma – Q1 2025 and M&A Trends in Pharma – Q1 2025 reports.

    MIL OSI Global Banks –

    June 3, 2025

  • MIL-OSI USA News: MYTHBUSTER: No, People Will Not “Literally Die” with the One Big Beautiful Bill

    Source: US Whitehouse

    HOAX: People will “literally die” because of the One Big Beautiful Bill.

    This is one of Democrats’ most disgusting lies because the One Big Beautiful Bill strengthens and protects the social safety net for every eligible American citizen who needs it.

    • FACT: Medicaid will be strengthened for the American citizens for whom the program was designed — pregnant women, children, people with disabilities, low-income seniors, and other vulnerable low-income families. By removing at least 1.4 million illegal immigrants from the program, ending taxpayer-funded gender mutilation surgeries for minors, and eliminating waste, fraud, and abuse, the One Big Beautiful Bill will ensure Medicaid better serves the American people.
    • FACT: 4.8 million able-bodied adults on Medicaid are choosing not to work — and by implementing commonsense, Clinton-era work, volunteer, education, or training requirements, the One Big Beautiful Bill lifts them up to find a better quality of life through the dignity of work. Through work, job training, or part-time volunteering, this requirement will strengthen the system to better help those most in need of assistance. Work requirements are a bipartisan solution supported by Joe Biden.

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI USA: ENG INTRODUCES COMPREHENSIVE LEGISLATION TO END PERIOD POVERTY AND IMPROVE ACCESS TO MENSTRUAL PRODUCTS

    Source: United States House of Representatives – Congresswoman Grace Meng (6th District of New York)

    WASHINGTON, D.C. – Today, U.S. Rep. Grace Meng (D-NY) announced that she reintroduced her Menstrual Equity for All Act, a bold, whole-of-government approach to eradicating period poverty and improving access to menstrual products.

    Menstruation is a natural part of life for roughly half of the world’s population at one point or another. Yet, today, millions of people in the United States continue to experience period poverty. In fact, one in three American adults who menstruate report struggling to afford menstrual products, and one-third have missed school or work because they could not access these products. An estimated 86% of people who menstruate use tampons, up to 72% use pads, and 75% use panty liners. Most of them use these products on a monthly basis. It is estimated that an individual will spend over $6,000 on menstrual products in their lifetime. 

    “Period products are essential for millions of people who menstruate,” said Congresswoman Meng. “Access to these products is not only a health care right, but also a human right. It is unacceptable that they are still out of reach for more than half the population. This legislation takes critical steps toward ending period poverty by expanding access to menstrual products for individuals across a range of populations, such as in schools and universities, workplaces, and correctional and detention facilities, and through existing federal programs like the Temporary Assistance for Needy Families, and Social Services Block Grants. Without it, women, girls, and menstruators will continue to miss out on educational and career opportunities simply because they cannot afford period products. We must keep fighting for them.”

    Specifically, Meng’s Menstrual Equity for All Act would:

    • Give states the option to use federal grant funds to provide students in elementary and secondary schools with free menstrual products;
    • Incentivize institutions of higher education to create pilot programs that provide free menstrual products to students;
    • Ensure incarcerated individuals and detainees in federal, state, and local facilities (including immigration detention centers), have access to free menstrual products;
    • Allow homeless assistance providers to use grant funds that cover shelter necessities (such as blankets and toothbrushes) to also use those funds to purchase menstrual products;
    • Require Medicaid to cover the cost of menstrual products;
    • Direct large employers (with 100 or more employees) to provide free menstrual products for their employees in the workplace;
    • Require all public federal buildings to provide free menstrual products in the restrooms;
    • Provide states and localities with funds through the Social Services Block Grant program to support free menstrual products programs;
    • Eliminate the federal sales tax on period products; and
    • Create a pilot program within the Temporary Assistance for Needy Families (TANF) program to help families in need access menstrual products.

    “We know that period supplies are basic essentials that all people who menstruate require to participate in daily life – going to work, school, and engaging in everyday events,” said Joanne Goldblum, CEO of the Alliance for Period Supplies. “The Menstrual Equity for All Act ensures equitable access to period supplies so that millions of people can earn, learn, and thrive. We thank Congresswoman Meng for championing the Menstrual Equity for All Act and fully support the bill as it offers a comprehensive solution to a major public health issue. Its passage is long overdue.”

    “The fact of the matter is that nearly 1 in 4 students across the country are unable to afford period products and a quarter of students are unable to do their schoolwork due to a lack of access to these products,” said Michela Bedard, Executive Director of PERIOD. “The Menstrual Equity for All Act will improve student success in and out of the classroom through expanded menstrual health education and period product access.”

    “Women’s Voices for the Earth applauds Congresswoman Meng for her longstanding commitment and leadership on menstrual equity,” said Debra Erenberg, Co-Executive Director, Women’s Voices for the Earth. All people who menstruate need and deserve access to safe and healthy intimate care products. We look forward to working with the Congresswoman to pass this groundbreaking piece of commonsense legislation.”

    Meng originally introduced her Menstrual Equity for All Act in 2017. Since then, she has led numerous efforts to improve access to menstrual products and promote menstrual health. Earlier this month, she introduced a resolution to designate May as “National Menstrual Health Awareness Month.” The resolution recognizes the impact that the stigmatization of menstruation has on the lives of women, girls and people who menstruate.

    This legislation was introduced with 61 cosponsors. It is supported by the Alliance for Period Supplies, The Center for Baby and Adult Hygiene Products, Days for Girls, The Flow Initiative, Helping Women Period, ISSA – The Worldwide Cleaning Industry Association, Mass NOW, Mujeres and Menstruators United, National Federation of Business and Professional Women’s Clubs, Period Education Project, PERIOD., and Period Law.

    The full text of the bill can be found here.

     

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI: ABC arbitrage – Trading update – New elements of the 2025 financial year – increasing Pace of Activity

    Source: GlobeNewswire (MIL-OSI)

    Paris, June 2 2025 05:45 PM

    ABC arbitrage -Trading update

    New elements of the 2025 financial year – increasing Pace of Activity

    The purpose of this press release is to factually inform shareholders of any significant new developments regarding the first months of the 2025 fiscal year. As a reminder, to date, the statutory auditors have not yet completed all their work on the first semester of the 2025 fiscal year. The estimates provided in this press release do not replace the audited consolidated financial results for the first semester of the 2025 fiscal year, which will be published on September 23, 2025.

    Business activity for the fiscal year 2025

    Market parameters during the first months of 2025 are broadly comparable to those of the 2020 financial year, with notably higher volatility than in 2024. As at 31 May 2025, in line with these parameters, the monthly average Pace of Activity for the Group over the first five (5) months is more than 10% higher than the monthly average for the 2020 financial year (see 2020 Results). The Pace of Activity is regularly used in the Group’s communications. It is a non-audited indicator similar to the financial aggregate Net Trading Income1, which reflects a form of gross result (before expenses, taxes, and other specific or exceptional impacts). As a reminder, the Net Trading Income for the 2020 financial year was close to 69 million euros, representing a monthly average of approximately 6 million euros.

    Expenditures for 2025 were estimated in the “FY2024” annual presentation, available since the end of March 2025 on the ABC arbitrage website (see Publications/2024 Annual Results Presentations). Based on 2024 expenses, slide 37 outlines the outlook for additional investments in the 2025 financial year, estimated at +3.5 million euros on a full-year basis (personnel and information technology-related expenses). As a reminder, personnel expenses are partly correlated with the Pace of Activity generated by the Group, through discretionary variable bonus distributions.

    Group assets under management

    As of today, assets under management stand at 253 million euros, compared with 265 million euros as at January 1st, 2025. This decrease is primarily due to the withdrawal of a European client (12 million euros), which occurred at the end of January. With regard to the impact on management fees, all other things being equal, the effect of this withdrawal on the 2025 fiscal year results will be marginal (less than 0.2 million euros).

    ABC arbitrage shareholding

    The Group was informed by Eximium of a downward crossing of the statutory thresholds in place at ABC arbitrage. These thresholds require a disclosure notification each time a 1% ownership threshold is crossed. As at 30 May 2025, Eximium is recorded as holding 5.2% of ABC arbitrage’s share capital. Eximium also stated that it intends to remain above the 5% ownership threshold in the Group’s capital.

    1 Presented in the Group’s activity reports, available at the following link: Publications/Financial Reports

    EURONEXT Paris – Compartiment B
    ISIN – FR0004040608
    Reuters BITI.PA / Bloomberg ABCA FP

    Internet – www.abc-arbitrage.com

    Relations actionnaires – actionnaires@abc-arbitrage.com

    Relations presse – VERBATEE / v.sabineu@verbatee.com

    Attachment

    • 2025 05 ABCA CP Trading Update Rythme d’activité 2025-05 VEng

    The MIL Network –

    June 3, 2025

  • MIL-OSI: COFACE SA: Disclosure of total number of voting rights and number of shares in the capital as at May 31, 2025

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Disclosure of total number of voting rights and number of shares in the capital as at May 31, 2025

    Paris, June 2nd, 2025 – 17.45

    Total Number of
    Shares Capital    		 Theoretical Number of Voting Rights1 Number of Real
    Voting Rights2
    150,179,792 150,179,792 149,332,110

    (1)   including own shares
    (2)   excluding own shares

    Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust. You can check the authenticity on the website www.wiztrust.com.
     

    About Coface

    COFACE SA is a société anonyme (joint-stock corporation), with a Board of Directors (Conseil d’Administration) incorporated under the laws of France, and is governed by the provisions of the French Commercial Code. The Company is registered with the Nanterre Trade and Companies Register (Registre du Commerce et des Sociétés) under the number 432 413 599. The Company’s registered office is at 1 Place Costes et Bellonte, 92270 Bois Colombes, France.

    At the date of 31 December 2024, the Company’s share capital amounts to €300,359,584, divided into 150,179,792 shares, all of the same class, and all of which are fully paid up and subscribed.

    All regulated information is available on the company’s website (http://www.coface.com/Investors).

    COFACE SA. is listed on Euronext Paris – Compartment A
    ISIN: FR0010667147 / Ticker: COFA

    Attachment

    • 2025 05 31 Declaration Shares Voting Rights

    The MIL Network –

    June 3, 2025

  • MIL-OSI USA: Risch, Idaho Commerce Launch 6th Annual Support Local Gems Initiative

    US Senate News:

    Source: United States Senator for Idaho James E Risch
    Invites Idahoans to support small businesses on Friday, June 6, 2025
    BOISE, Idaho – Today, U.S. Senator Jim Risch (R-Idaho) and the Idaho Department of Commerce launched the sixth annual Support Local Gems initiative—an all-day event dedicated to supporting Idaho small businesses.          
    On Friday, June 6, 2025, Idahoans are invited to Support Local Gems by giving their business to their favorite local shops and restaurants. Idahoans can get involved by shopping at a small business, dining at an independent restaurant, purchasing a gift card, writing a review online, or simply saying “thank you” to an Idaho small business they love.    
    “The Gem State is powered by our small businesses. The entrepreneurial spirit of small business owners and employees is vital to our state’s economy, workforce, and way of life,” said Risch. “Friday, June 6 is a special day to show our appreciation and support for these pillars of our communities. I invite all Idahoans to join me and Support Local Gems.”
    “The majority of Idaho workers are employed by a small business and almost all of the registered businesses in our state are small businesses. The State of Idaho is a beacon of prosperity because we greatly value our small businesses and promote policies that help them succeed. I will join many Idahoans on Friday, June 6 as we celebrate and support Idaho small businesses – the local gems of our great state,” Governor Brad Little said.
    Background: In 2020, Idaho’s small businesses faced unprecedented hardships as they worked through the pandemic. To support these businesses, Senator Jim Risch and the Idaho Department of Commerce launched the Support Local Gemsinitiative to encourage Idahoans to shop and dine locally. As challenges like inflation and supply chain disruptions continue, support for Idaho’s small businesses through Support Local Gems remains essential.
    As we celebrate the sixth annual Support Local Gems initiative, Idahoans are encouraged to once again give their full support to the small businesses – our local gems – that make Idaho a special place to live and thrive.         
    If your organization or small business would like to get involved in the Support Local Gems initiative, visit www.risch.senate.gov.

    MIL OSI USA News –

    June 3, 2025

  • Amit Shah chairs review meeting on world’s largest cooperative food grain storage scheme in New Delhi

    Source: Government of India

    Source: Government of India (4)

    Union Home Minister and Minister of Cooperation Amit Shah on Monday chaired a high-level review meeting in New Delhi to discuss the progress of the world’s largest cooperative food grain storage scheme, a flagship initiative of the Modi government aimed at bolstering rural economies and achieving self-reliance under the vision of Atmanirbhar Bharat. The meeting was attended by Ministers of State for Cooperation Krishan Pal Gurjar and Murlidhar Mohol, alongside senior officials from the Ministry of Cooperation, Ministry of Food and Public Distribution, Food Corporation of India (FCI), NABARD, National Cooperative Development Corporation (NCDC), and other key institutions.

    Addressing the gathering, Amit Shah emphasized that the scheme aligns with Prime Minister Narendra Modi’s vision of Sahkar Se Samriddhi (Prosperity through Cooperation). He highlighted its dual objectives of boosting India’s economic growth by contributing to Gross Domestic Product (GDP) and generating rural employment opportunities. The scheme is designed to enhance the financial viability of Primary Agricultural Credit Societies (PACS) by increasing their income through active participation in the storage initiative.

    To ensure the scheme’s success, Shah called for expanding loan facilities for PACS under the Agriculture Infrastructure Fund (AIF) and urged immediate action to strengthen their financial condition. He directed the Ministry of Food and Public Distribution and FCI to undertake a nationwide mapping of warehouses to streamline implementation based on regional needs. Additionally, he instructed FCI, the National Cooperative Consumers’ Federation (NCCF), the National Agricultural Cooperative Marketing Federation of India (NAFED), and State Warehousing Corporations to integrate PACS with as many warehouses as possible to maximize their involvement.

    The meeting also resolved to encourage states and state-level marketing federations to engage more PACS in the scheme, fostering a robust cooperative supply chain. Shah stressed the importance of coordinated and timely implementation to ensure the initiative becomes a cornerstone of Atmanirbhar Bharat and Sahkar Se Samriddhi.

    June 3, 2025

  • MIL-OSI Canada: The FCAA Warns Saskatchewan Residents of Unlicensed Door to Door Sellers Offering Paving Services

    Source: Government of Canada regional news

    Released on June 2, 2025

    The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has received information about a reported incident in the Rosetown area regarding unlicensed door-to-door sellers offering paving services. Saskatchewan residents are reminded to only deal with door-to-door sellers licensed by the FCAA.

    All door-to-door salespeople, also known as direct sellers, are required to be licensed in Saskatchewan pursuant to The Direct Sellers Act and Regulations. They must also adhere to specific contract requirements and cancellation rules. To view a comprehensive list of licensed door-to-door sellers, visit FCAA411

    Tips for Consumers Considering Door-to-Door Purchases

    If you decide to purchase goods or services from a door-to-door seller, consider the following tips:

    • Ask to see a copy of their licence and verify their listing on FCAA411
    • Read the contract carefully, including the fine print.
    • Ask questions if you do not understand something.
    • Do not feel pressured to make an immediate purchase.
    • Keep down payments to a minimum; the higher the amount paid in advance, the greater the risk of loss.
    • Never hand over a blank cheque.
    • Avoid paying in cash or agreeing to services without documentation.
    • Check the seller’s rating and customer reviews on the Better Business Bureau directory at https://www.bbb.org/ or call 1-888-352-7601.

    Consumer Rights for Door-to-Door Sales

    If a salesperson comes to your door, here are some rights you should be aware of:

    • All contracts must be in writing unless the sale is less than $100.
    • All direct sales contracts must include a statement of cancellation rights.
    • You have 10 days to cancel a contract without needing to provide a reason.
    • If a contract is canceled, the vendor must refund all money received under the contract within 15 days of cancellation.

    For questions about door-to-door sellers, please contact the FCAA’s Consumer Protection Division toll-free at 1-877-880-5550 or by email at branch.consumerprotection@gov.sk.ca

    For more information about contract rights and cancellation rules, visit: https://fcaa.gov.sk.ca/regulated-businesses-persons/businesses/directdoor-to-door-sellers

    -30-

    For more information, contact:

    MIL OSI Canada News –

    June 3, 2025

  • MIL-OSI: Poynex Strengthens Global Compliance System with the Official Launch of the France Regional Agent System

    Source: GlobeNewswire (MIL-OSI)

    New York, NY, June 02, 2025 (GLOBE NEWSWIRE) — Amid the increasingly mature global regulatory landscape for digital assets, global compliant digital asset trading platform Poynex has announced the official launch of an independent general agent system in France. As part of its ongoing global compliance strategy, Poynex has appointed Mr. Tom Tragett, a veteran executive in the European financial industry, as the General Agent for the French region. He will be fully responsible for overseeing the development of local compliance, operations, and user service systems.

    Poynex is a cryptocurrency trading platform registered in the U.S. and holds an MSB (Money Services Business) financial license issued by FinCEN (the U.S. Department of the Treasury’s Financial Crimes Enforcement Network). Since its establishment, Poynex has adhered to the business philosophy of “compliance first, safety above all,” committed to providing global users with safe, transparent, and convenient digital asset trading services. The platform’s technology team hails from international tech hubs like Silicon Valley, Zurich, and Hong Kong, leveraging advanced matching engines and intelligent risk control models to deliver efficient and smooth trading experiences. Poynex has integrated multiple national compliance systems, including those in major financial centers like Singapore, Canada, and the UAE, and is gradually building a global compliance network.

    As an important financial power in the EU, France has particularly strict regulations for the digital asset market. The introduction of the MiCA regulation (Markets in Crypto-Assets) has raised compliance standards for cryptocurrency trading platforms across Europe. Therefore, establishing the local general agent system in France is a crucial step in Poynex’s compliance strategy and signifies a deeper service phase in its European layout.

    Tom Tragett, the newly appointed general agent for France, focuses on global macroeconomics, foreign exchange policy, and market liquidity strategy research. In addition to his extensive experience in the banking system, Mr. Tragett is active in financial education and public affairs, providing risk control and market strategy support to several fintech companies. He is one of the few experts with expertise in both traditional finance and digital assets.

    Poynex stated: “We are honored to announce the addition of Tom Tragett. His professional experience will greatly enhance Poynex’s local responsiveness and compliance governance capabilities in France and Europe, further reflecting the platform’s strategic direction of ‘global layout, localized service.’”

    According to official information, Poynex will build a complete local service ecosystem in France, including a French-speaking customer service system, compliance support center, user education training, and local market operations team. France will serve as a “strategic hub” for Poynex’s European operations, connecting key markets such as Belgium, Italy, and Spain, and promoting a unified and efficient European service network.

    The platform also reaffirmed its commitment to maintaining the highest standards of responsibility for user asset security. In the event of any issues related to user funds in the France region, Tom Tragett will address and coordinate as the general agent to ensure that platform operations are compliant and transparent, and asset management is open and reliable.

    As one of the fastest-growing compliant trading platforms globally, Poynex continues to earn the trust of global investors and users through strong technological support, robust regulatory strategies, and effective localized service execution.

    Media Contact:
    Company Name: Poynex
    Contact: Gabriel E. Shaffer
    Website: https://poynexmax.net/, https://h5.poynexmax.net/
    Email: Gabriel(at)poynexmax.net

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

    The MIL Network –

    June 3, 2025

  • MIL-OSI USA: Muddying the Waters: More Confusion on Crypto Asset Security Status

    Source: Securities and Exchange Commission

    Over the last several months, we have heard repeatedly that the Commission, and its new Crypto Task Force, are embarking on a quest to give the crypto industry regulatory clarity.[1] We’ve heard “change is coming fast” [2] for crypto at the SEC and that the crypto markets will soon be free from the “limbo” they’ve been “languishing […] in for years.”[3]

    In the name of this clarity, we’ve seen staff statement after staff statement, pronouncing that all sorts of crypto assets are not securities.[4] And yet, now we see no objection to the effectiveness of new exchange-traded funds[5] that assert certain crypto assets—ETH and SOL—actually are securities.[6] Does this Commission, in fact, believe that ETH and SOL are securities?

    How is it that these crypto assets are supposedly not securities when it comes to registration requirements, but conveniently are securities when a registrant sees an opportunity to sell a new product?

    If you’re confused, join the club. These developments lay bare that we are not actually chasing crypto regulatory clarity — these assets cannot be both securities and not securities at the exact same time.[7] Rather than clarity, it seems we are simply getting out of the way of anything and everything in the crypto space. In so doing, we are thwarting any meaningful attempt to apply a coherent regime to crypto assets and rewarding a maximally aggressive approach to entering our markets. This results in opportunistic – and deeply inconsistent – legal interpretations. Even our staff can’t reconcile these inconsistencies, though their concerns don’t seem to matter much these days.[8]

    So far, the Commission and The Crypto Task Force’s journey to clarity has only taken us further and further adrift in increasingly muddy waters of our own making.

    [4] See U.S. Securities & Exchange Commission Division of Corporation Finance,Staff Statement on Meme Coins, (Feb. 27, 2025); U.S. Securities & Exchange Commission Division of Corporation Finance,Statement on Certain Proof of Work Mining Activities, (Mar. 20, 2025); U.S. Securities & Exchange Commission Division of Corporation Finance,Statement on Stablecoins, (Apr. 4, 2025). See also Commissioner Caroline A. Crenshaw,Response to Staff Statement on Meme Coins: What Does it Meme?(Feb. 27, 2025); Commissioner Caroline A. Crenshaw,Crypto Mining Statement: The Flame in Plato’s Cave, (Mar. 20, 2025); Commissioner Caroline A. Crenshaw,“Stable” Coins or Risky Business?, (Apr. 4, 2025). See generally Commissioner Hester M. Peirce, New Paradigm: Remarks at SEC Speaks, (May 19, 2025) (citing the Commissioner’s view that “most currently existing crypto assets in the market are not [securities]”).

    [5] See ETF Opportunities Trust, Form N-1A (May 30, 2025) available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1771146/000199937125006935/osprey-485bpos_053025.htm (485BPOS post-effective amendment registering two new ETFs: Rex-Osprey ETH + Staking ETF and the Rex-Osprey SOL + Staking ETF). Importantly, these products are exchange-traded funds (ETFs) that purport to be registered under the Investment Company Act of 1940. These products are different than, but often conflated with, exchange-traded products (ETPs) that are separately approved to list and trade under the Exchange Act of 1934. In the ETP space, products are approved to list and trade on exchanges based on the fact that the underlying assets are generally not securities, such as ETH. See, e.g., Securities and Exchange Act Release No. 100541 (July 17, 2024,) 89 FR 59786 (July 23, 2024); see also Securities and Exchange Act Release No.100233 (May 28, 2024), 89 FR 47618 (June 3, 2024). In contrast, registered investment companies, including ETFs, generally must invest primarily in securities. See 15 U.S.C. § 80a-3(a)(1)(A)-(C) (providing the definition of an “investment company” and generally identifying an issuer as an investment company if it invests in securities in the manners described in subsections (A) or (C)). With yesterday’s new ETFs, we have both an ETH ETP and ETH ETF. How can both of these products be in compliance with the securities laws? See also Commissioner Caroline A. Crenshaw, Statement Dissenting from Approval of Proposed Rule Changes to List and Trade Spot Bitcoin Exchange-Traded Products (Jan. 10, 2024).

    [7] While the 1933 Act and the 1940 Act are distinct regulatory regimes, except in specific, rare circumstances identified by the staff or by a court, the two Acts generally treat questions of security status the same. This parity creates consistency across the federal securities laws. See, e.g., Marine Bank v. Weaver, 455 U.S. 551 (1982); Putnam Diversified Premium Income Trust, SEC No-Action Letter (July 10, 1989).

    [8] SEC staff provided a letter via EDGAR to a registrant in response to two new ETFs, Rex-Osprey ETH + Staking ETF and the Rex-Osprey SOL + Staking ETF. The letter explains that the registrant allowed the funds’ registration statement to become effective despite significant unresolved comments from staff in the Division of Investment Management. These outstanding issues include concerns that the funds may not meet the definition of an investment company and that related disclosure in the registration statement may be potentially misleading, among other issues. It is to the detriment of market participants and investors when the staff’s review is not met with good faith engagement and comments are not fully resolved prior to effectiveness. See SEC EDGAR Correspondence, ETF Opportunities Trust (May 30, 2025) available at https://www.sec.gov/Archives/edgar/data/1771146/000000000025005772/filename1.pdf. It is further to the detriment of the market when the Commission fails to use its tools to stop funds from introducing such uncertainty.

    MIL OSI USA News –

    June 3, 2025

  • MIL-OSI Canada: Minister’s, parliamentary secretary’s, K-12 education partners’ statement on Pride 2025

    Source: Government of Canada regional news

    Lisa Beare, Minister of Education and Child Care, alongside Jennifer Blatherwick, parliamentary secretary for gender equity; B.C. School Trustees Association; BC School Superintendents Association; BC Association of School Business Officials; BC Principals’ & Vice-Principals’ Association; BC Teachers’ Federation; CUPE BC; BC Confederation of Parent Advisory Councils; BC Teachers’ Council; BC Public School Employers’ Association; First Nations Education Steering Committee; First Nations Schools Association; Métis Nation BC and Alliance of BC Modern Treaty Nations have issued the following statement to mark Pride 2025 and celebrate the 2SLGBTQIA+ community in B.C.’s education system:

    “Pride Month is a time to celebrate diversity, embrace inclusion and honour the incredible ways 2SLGBTQIA+ friends, students, neighbours, colleagues and family members help make B.C. a wonderful place to call home.   

    “Pride is also a call to act. Many 2SLGBTQIA+ community members continue to face discrimination or exclusion today, and school can be one of the very first places a child experiences it. That’s why it’s up to all of us to make sure that every day, when students, staff and community members walk through the school doors, they’re welcomed for who they are. When we stand together, we send a strong message: everyone belongs, and discrimination and bullying have no place in our schools or communities. These are important messages for kids to see, hear and feel as they learn and grow. We know this support changes lives – and saves lives.

    “Honouring Pride means acknowledging both pain and progress, while recognizing our individual responsibility to build an inclusive future for every child and youth. By fostering a sense of belonging and safety for all students and staff in schools, we can create learning environments where young people can thrive, because they’re supported to be who they are as individual people.  

    “To all those helping to stand up and make B.C.’s schools more inclusive, welcoming spaces for all students, thank you. From colourful crosswalks to vibrant community events, the widespread support for the 2SLGBTQIA+ community is clear. There are hundreds of thousands of people taking part in Pride throughout the province recognizing the significance of supporting and being an ally. This reflects decades of dedication from many organizations and 2SLGBTQIA+ advocates fighting for human rights and continuing to lead the way, with a commitment to equality and inclusion that inspires and brings people together.

    “This month and every month, we will continue working together as partners to make sure B.C.’s schools are places where everyone can feel safe and free to be who they are.

    “As we celebrate Pride 2025, we encourage everyone to stand together – recognizing and honouring the contributions and resilience of 2SLGBTQIA+ students, families and educators in their communities, with love and pride throughout B.C.”

    Learn More:

    If you or a friend is experiencing discrimination or harassment related to sexual orientation or gender identity, get help here: https://www2.gov.bc.ca/gov/content/erase

    MIL OSI Canada News –

    June 3, 2025
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