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Category: Economy

  • MIL-OSI: 10/2025・Trifork Group AG – Reporting of transactions made by persons discharging managerial responsibilities

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no. 10 / 2025
    Schindellegi, Switzerland – 4 March 2025


    Reporting of transactions made by persons discharging managerial responsibilities

    Pursuant to the Market Abuse Regulation Article 19, Trifork Group AG (Swiss company registration number CHE-474.101.854) (“Trifork”) hereby notifies receipt of information of the following transactions made by persons discharging managerial responsibilities in Trifork.

    1. Details of the person discharging managerial responsibilities/person closely associated
    a) Name Jørn Larsen
    2. Reason for the notification
    a) Position/status CEO
    b) Initial notification/
    Amendment
    Initial notification
    3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
    a) Name Trifork Group AG
    b) LEI 8945004BYZKXPESTBL36
    4.1 Details of the transaction(s)
    a) Description of the financial instrument, type of instrument

    Identification code

    Shares

    ISIN CH1111227810

    b) Nature of the transaction Sale
    c) Price(s) and volume(s) Price(s) Volume(s)
    DKK 83.55 60,000
    d) Aggregated information
    —
    Aggregated volume —
    Price
    Total volume: 60,000

    Total price: DKK 83.55

    Total value: DKK 5,013,000

    e) Date of the transaction 3 March 2025
    f) Place of the transaction Nasdaq Copenhagen (XCSE)


    Investor and media contact

    Frederik Svanholm, Group Investment Director, frsv@trifork.com, +41 79 357 73 17


    About Trifork

    Trifork is a pioneering global technology partner, empowering enterprise and public sector customers with innovative solutions. With 1,229 professionals across 73 business units in 16 countries, Trifork delivers expertise in inspiring, building, and running advanced software solutions across diverse sectors, including public administration, healthcare, manufacturing, logistics, energy, financial services, retail, and real estate. Trifork Labs, the Group’s R&D hub, drives innovation by investing in and developing synergistic and high-potential technology companies. Trifork Group AG is a publicly listed company on Nasdaq Copenhagen. Learn more at trifork.com.

    Attachment

    • CA_10_25 PDMR

    The MIL Network –

    March 5, 2025
  • MIL-OSI USA: Luján: Trump’s Trade War Will Increase Costs for New Mexicans, Have Devastating Consequences for American Industries and Jobs

    US Senate News:

    Source: United States Senator Ben Ray Luján (D-New Mexico)
    WSJ: “Economists say American importers and businesses will likely pass along the cost of tariffs to consumers, meaning individuals are likely to see higher prices at grocery stores and car dealerships.”
    POLITICO: “The agriculture industry will take a major hit from the new 25 percent duties on Mexico and Canada that went into effect at midnight.”
    Washington, D.C. – U.S. Senator Ben Ray Luján (D-N.M.), a member of the Senate Committee on Finance, issued the following statement on President Trump imposing sweeping tariffs against Canada, Mexico, and China:
    “President Trump’s reckless Trade War will lead to higher prices for New Mexicans on groceries, energy, cars, electronics, and more. Instead of strengthening our economy, he’s putting American jobs and businesses at risk while pushing the Tax Scam 2.0 for the wealthy and gutting essential programs. These tariffs could cost American families up to $2,000 a year in higher prices.
    “We’ve seen this before. During his first term, President Trump’s tariffs cost the agriculture industry billions of dollars. Now, our farmers and ranchers are once again paying the price. Despite President Trump’s claims, it’s American families and businesses who will bear the brunt of these tariffs.
    “President Trump is doing nothing to lower costs for hardworking Americans.”  
    Fact sheets on New Mexico trade with Canada, Mexico, and China are available HERE.

    MIL OSI USA News –

    March 5, 2025
  • MIL-OSI United Kingdom: Bite back and help stop loan sharks

    Source: City of Sunderland

    Residents are urged to join the Bite Back Week fight against loan sharks and to find out more on staying safe from illegal money lenders.

    The England Illegal Money Lending Team (IMLT) is working with a host of partners, including the City Council, to stage Bite Back Week from Monday 10 March to Friday 14 March.

    It includes visits to venues across the city to raise awareness about the dangers of loan sharks and ways that people can borrow safely. There’s also advice and support to anyone who thinks they may have borrowed from a loan shark already.

    • Monday 10 March, the team will be at the Gentoo offices in City Hall, Plater Way, from 9.30am to noon and then at the Bread and Butter Thing at Chance, Rickerby Street, East End, from 1pm
    • Tuesday 11 March, they will be at the Beacon of Light School in Stadium Park
    • Wednesday 12 March,  from 10am to 1pm, the team, along with mascot Sid the Shark, will be at The Galleries Shopping Centre, Washington
    • Thursday 13 March, they will be visiting Sunderland College – Bede Campus from 9.30am to noon and City Campus from 1 to 3pm
    • Friday 14 March, they will be at the Bread and Butter Thing at Southwick Neighbourhood Youth Project, in Southwick Road, from 11am.

    The City Council’s Cabinet Member for Communities, Culture and Tourism, Councillor Beth Jones said: “There is no place in our city for loan sharks who take advantage of people who are struggling with their household finances. Residents concerned about their bills and outgoings can always speak to commissioned advice providers (Get help and advice – Sunderland City Council) such as Citizens Advice Sunderland, ShARP and Sunderland West Advice Project or take up opportunities like these visits from the national team.

    “There are many and far more better ways of borrowing safely and managing money than going to a loan shark. Working together and with local information we can all help put a stop to the illegal lenders who prey on people. Borrowing money from a loan shark might seem easy, convenient or even tempting, but it can make financial problems much, much worse.”

    The Illegal Money Lending Team was created in 2004 to investigate and prosecute illegal money lenders and support borrowers.

    Dave Benbow, head of the IMLT which is also known as Stop Loan Sharks, said: “Illegal lenders are often well known in communities and this Bite Back Week aims to reach anyone who might be vulnerable, or who might have been targeted already.”

    The IMLT is a national team that was created in 2004 to investigate and prosecute illegal money lenders and support borrowers.

    Anyone who has been affected by illegal money lending should call its 24/7 confidential helpline on 0300 555 2222 or access support online at www.stoploansharks.co.uk. Live Chat is available on the website from 9am to 5pm, Monday to Friday.

    MIL OSI United Kingdom –

    March 5, 2025
  • MIL-OSI: ButcherJoseph Advises Jim’s Formal Wear on a Sale to Its Employees

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, March 04, 2025 (GLOBE NEWSWIRE) — Saint Louis, MO, March 2025 – ButcherJoseph & Co. (“ButcherJoseph”) served as financial advisor to Jim’s Formal Wear (“JFW or The Company”) on a sale to its employees through the creation of a new employee stock ownership plan (“ESOP”). The transaction closed on December 30, 2024.

    Founded in 1964, Jim’s Formal Wear is the largest independent provider of men’s formal wear services in the USA. The Company is headquartered in Trenton, Illinois, and has a network of seven service centers and eight delivery hubs across the country. JFW carries all garment types necessary for formal occasions, including weddings, proms, quinceañeras and other special events. Having successfully navigated to its third generation of family leadership, JFW has expanded over the years into a nationwide distributor of rental and retail formal wear garments to more than 4,500 independent retailers. These retailers include bridal shops, men’s stores, and tuxedo specialists, among others. The Company maintains long-tenured relationships with its highly diversified retailer network, with the average tenure exceeding a decade. JFW currently employs 500 full-time team members and staff and hires an additional 250-300 seasonal employees.

    “The transition to an employee stock ownership plan secures the company’s future while empowering our employees with a meaningful stake in its success,” said Steve Davis, CEO of Jim’s Formal Wear. “We chose to transition ownership to our employees as a way to honor their dedication, talent, and hard work. This move also empowers our team to take an active role in shaping and participating in the benefits of our future growth while preserving the principles and culture that define us. I believe this new structure will drive innovation and long-term success.”

    “The transition to an employee-owned company strengthens JFW’s foundation for sustained growth and stability,” said Tristan Tahmaseb, Director at ButcherJoseph. “I am confident the ESOP structure will also foster greater employee engagement and deliver lasting value for the company. It was a true pleasure collaborating with Steve and his team on this transition, and I wish them ongoing success in this new chapter.”

    About ButcherJoseph & Co.
    ButcherJoseph & Co. is a boutique investment banking firm specializing in sale transactions to strategic and financial buyers, employee ownership transactions (ESOPs), capital advisory (debt & equity), and valuations and fairness opinions for privately held businesses. ButcherJoseph is headquartered in St. Louis with a presence in Chicago, Washington, D.C., Miami, Palm Beach, Charlotte, and Scottsdale.

    About Jim’s Formal Wear
    Jim’s Formal Wear commitment to quality isn’t just a phase. It’s grounded in 60+ years of experience. JFW has seven strategically located service centers and eight regional delivery hubs nationwide. We employ 500 full-time team members and staff and hire an additional 250-300 seasonal employees. We take pride in serving more than 4,500 menswear stores, bridal shops, and other formalwear-related retailers throughout the country.

    ###

    The MIL Network –

    March 5, 2025
  • MIL-OSI Security: Columbus Man Sentenced for COVID Fraud

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

    OXFORD, MS – A Columbus man was sentenced today to 18 months in prison for fraudulently obtaining a $200,000 Economic Injury Disaster Loan related to the COVID-19 pandemic.

    According to court documents and evidence presented at trial, Ramirez Ivy, of Columbus, Mississippi conspired with Lakeith Faulkner, Norman Beckwood and others to each receive $200,000 from the Small Business Administration (SBA) based on a fraudulent loan application.  The loan applications contained fictitious documents and claimed business revenue that did not exist.

    In September 2024, after a three-day trial before U.S. District Judge Michael P. Mills, the jury found Ivy and Smith guilty on all counts.

    Judge Mills sentenced Ivy to 18 months to be followed by five years supervised release and ordered him to pay $200,000 in restitution to the SBA.

    On January 23, 2025, Felicia L. Smith, Ivy’s co-defendant at the September trial, was sentenced serve six months imprisonment followed by five years of supervised release. Smith was ordered to pay $200,000 in restitution to the SBA.

    On December 7, 2022, Faulkner, a former SBA employee, entered a plea of guilty to one count of conspiracy to commit wire fraud. On May 24, 2023, U.S. District Judge Debra M. Brown sentenced Faulkner to serve sixty-two (62) months imprisonment followed by five years of supervised release. Faulkner was also ordered to pay $10,620,452.26 in restitution to the SBA.

    On January 17, 2023, Beckwood entered a plea of guilty to one count of conspiracy to commit wire fraud. U.S. District Judge Sharion Aycock sentenced Beckwood to serve 62 months imprisonment followed by five years of supervised release. In addition to prison time, Faulkner was ordered to pay $10,620,452.26 in restitution to the SBA. In connection with his guilty plea, Beckwood also forfeited $700,147.74, a 2018 Mercedez Benz C Class and a 2020 Mercedes Benz G63.

    Thirty (30) other individual borrowers have also been charged in connection with the same scheme.

    “Ramirez Ivy was a law enforcement officer when he deceptively obtained funds that were intended to provide emergency financial relief to small businesses during the COVID-19 pandemic, and he absolutely knew better than to engage in this type of fraud,” said U.S. Attorney Clay Joyner.  “Today’s sentence should reinforce the fact that the prosecutorial and law enforcement partnership on display in this case will continue until the stolen money is recovered and the perpetrators have been brought to justice.”

    “Abusing a federal program designed to assist Americans in a time of need has, and will continue to be, aggressively investigated by the Treasury Inspector General for Tax Administration. What makes this crime even more egregious is that Mr. Ivy was a police officer in a position of public trust,” stated Assistant Inspector General Gary Smith for Investigations for the U.S. Treasury Inspector General for Tax Administration. “This sentencing demonstrates our commitment to investigating and bringing to justice anyone who victimizes the American taxpayer. I want to thank TIGTA’s Special Agents, our law enforcement partners and the U.S. Attorney’s Office for their unwavering dedication to this goal.”

    “Today’s sentencing of former police officer, Ramirez Ivy, demonstrates the FBI’s commitment to investigating those who defraud the federal government, no matter their position within the community,” remarked Special Agent in Charge Robert Eikhoff for the FBI Jackson Division. “The FBI, alongside our partners, will continue to investigate and hold individuals accountable, like Mr. Ivy, who commit fraudulent crimes against the U.S. Government.”

    “The abuse of programs designed to assist small businesses is unacceptable. This sentencing underscore the SBA Office of Inspector General’s unwavering commitment to holding fraudsters accountable and ensuring justice is served,” said Sophia Curtis Acting Special Agent in Charge of the SBA OIG’s Central Region.

    This scheme was initially uncovered during a civil investigation, led by the Civil Division of the U.S. Attorney’s Office and Assistant U.S. Attorney J. Harland Webster.

    Assistant U.S. Attorneys Clayton A. Dabbs, Parker S. King and Samuel D. Wright of the Northern District of Mississippi are prosecuting the criminal case.

    The case was investigated by the FBI, the U.S. Small Business Administration Office of Inspector General and the U.S. Treasury Inspector General for Tax Administration.

    MIL Security OSI –

    March 5, 2025
  • MIL-OSI: Coface SA: Disclosure of trading in own shares (excluding the liquidity agreement) made on February 24, 2025 to February 28, 2025

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Disclosure of trading in own shares (excluding the liquidity agreement) made on February 24, 2025 to February 28, 2025

    Paris, 4 March 2025 – 17.45

    Pursuant to Regulation (EU) No 596/2014 of 16 April 2014 on market abuse1

    The main features of the 2024-2025 Share Buyback Program have been published on the Company’s website (http://www.coface.com/Investors/Disclosure-requirements, under “Own share transactions”) and are also described in the 2023 Universal Registration Document.

    Trading session
    of (Date)
    Number
    of shares
    Weighted
    average price
    Gross amount MIC Code Purpose
    of buyback
    24/02/2025 10,000 15.8885 € 158,885 € XPAR LTIP
    25/02/2025 10,000 16.0764 € 160,764 € XPAR LTIP
    26/02/2025 10,000 16.0722 € 160,722 € XPAR LTIP
    27/02/2025 10,000 16.2278 € 162,278 € XPAR LTIP
    28/02/2025 10,000 16.3557 € 163,557 € XPAR LTIP
    Total 24/02/2025 – 28/02/2025 50,000 16.1241 € 806,206 €   LTIP

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Q1-2025 results: 5 May 2025 (after market close)
    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2023 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

      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.

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets. with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is listed in Compartment A of Euronext Paris
    ISIN: FR0010667147 / Ticker: COFA


    1 Also in pursuant to Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (and updates); Article L.225-209 and seq. of the French Commercial Code; Article L.221-3, Article L.241-1 and seq. of the General Regulation of the French Market Authority (AMF); AMF Recommendation DOC-2017-04 Guide for issuers on their own shares transactions and for stabilization measures.

    Attachment

    • 2025 03 04 – Declaration – Own shares transaction

    The MIL Network –

    March 5, 2025
  • MIL-OSI Africa: Congo and the African Development Bank celebrate the strengthening of their strategic partnership for inclusive and sustainable development

    Source: Africa Press Organisation – English (2) – Report:

    BRAZZAVILLE, Congo (Republic of the), March 4, 2025/APO Group/ —

    Talks held by the African Development Bank Group (www.AfDB.org) in the Republic of Congo from 24 – 28 February 2025 marked a significant step forward in strengthening the strategic partnership between the Bank and the Central African country.

    Led by Solomane Koné, Acting Director General for Central Africa, the discussions reinforced cooperation to accelerate national development priorities.

    They also coincided with the signing of two grant agreements (apo-opa.co/41HG8HS) totalling $1.5 million to address Congo’s energy challenges:

    • A $585,000 grant from the Middle Income Country Technical Assistance Fund to fund feasibility studies for hydroelectric infrastructure on the Congo River.
    • A $995,000 grant from the Korea-Africa Economic Cooperation Trust Fund (KOAFEC) to enhance the electrical transmission line between Pointe-Noire and Brazzaville.

    “The projects funded by these agreements will help us to open up power pools with neighbouring countries, such as the Democratic Republic of Congo. The African Development Bank will again play an essential role, since it is a stakeholder in numerous initiatives, including the new Mission 300 (apo-opa.co/41qMj1F), which our country welcomes,” commented the Congolese Minister of the Economy, Planning and Regional Integration, Ludovic Ngatsé, who is also the Bank Group’s governor for his country.

    “This financial support illustrates the Bank’s willingness to support Congo in modernizing its energy infrastructure, which is essential for diversifying its economy,” added Koné.

    In the digital sector, a visit to the Data Center (https://apo-opa.co/3XrGmjT), currently being built in Congo as part of the Central African Backbone fibre optic project, highlighted the country’s technological advances. This strategic centre will help improve national and regional connectivity, while supporting the emergence of an inclusive digital economy and sovereignty.

    Strategic discussions for stronger cooperation

    The Bank Group’s mission was also punctuated by high-level meetings, including with the Prime Minister, Anatole Collinet Makosso, and the Minister of the Economy, Planning and Regional Integration, Ludovic Ngatsé, and other members of the Congolese government. The talks were an opportunity to reiterate the Bank’s commitment to supporting the structural reforms and implementation of Congo’s National Development Plan (NDP) 2022-2026.

    The Bank Group’s mission encouraged the government to pursue the satisfactory implementation of major reforms, particularly in terms of debt management, to allow the Bank to provide funding, from 2025 onwards, for core projects that have already been planned or are in preparation, particularly in the energy sector.

    “You can be reassured by the fact that we are going to keep our commitments and will continue to count on the Bank’s valuable support,” stated the Congolese Prime Minister.

    The Bank’s representatives were welcomed by the Ministers of Agriculture, Livestock Farming and Fishing; Technical and Vocational Education; Finance, the Budget and Public Holdings; and Energy and Water, among others. The talks with ministers helped consolidate the strategic dialogue on key questions, review the progress of current projects – some of which are approaching completion, with tangible results – monitor commitments and discuss the prospects of the partnership between the African Development Bank Group and the Republic of Congo.

    A meeting with United Nations representatives also provided an opportunity to explore synergies with the Bank to maximize the impact of interventions, particularly in energy. The working meeting with the Central Africa Power Pool highlighted the importance of regional integration in this sector to respond to the country’s energy security and access challenges.

    Outlook for positive cooperation

    The Bank Group’s mission to Congo also opened prospects for mobilizing new funding to support strategic sectors, especially energy, digital infrastructure and roads.

    The Bank Group’s mission to Congo explored new funding opportunities for key sectors, including energy, digital infrastructure, and roads.

    The Bank plans to provide technical assistance to help Congo reassess its GDP, incorporating natural capital—a key step in unlocking climate funding.

    Congo has also expressed interest in joining the second cohort of Energy Compacts under Mission 300 (https://apo-opa.co/41qs981), a joint initiative by the African Development Bank and World Bank.

    Lastly, discussions covered Congo’s hosting of the Bank’s 2026 Annual Meetings, with the Prime Minister reaffirming the country’s readiness to ensure a successful event.

    The Bank is planning to provide technical assistance to support Congo in “reassessing” its gross domestic product to take account of its natural capital, creating a genuine opportunity to mobilize climate funding.

    Moreover, Congo has expressed its interest in being part of the second cohort of countries committed to Energy Compacts in the context of Mission 300 (https://apo-opa.co/3Xvrd15), an unprecedented initiative by the African Development Bank and World Bank. Finally, the mission discussed the organization by Congo of the Bank Group’s 2026 Annual Meetings. The Congolese Prime Minister offered reassurance as to his country’s preparedness and promised a successful outcome.

    “The relationship between the African Development Bank and the Republic of the Congo is excellent. The Bank has always been at our side, providing various forms of support, both operationally and in terms of strategic advice. It exerts its influence to back initiatives to support Congo, and it has my sincere thanks for that,” concluded Anatole Collinet Makosso.

    Cooperation between the African Development Bank and the Republic of the Congo is based on the Country Strategy Paper (CSP) 2023-2028 (https://apo-opa.co/41EiyMo), which focuses on two priority areas: the development of sustainable infrastructure to strengthen value chains with high growth potential, and improving human capital and economic governance to support social inclusion.

    MIL OSI Africa –

    March 5, 2025
  • MIL-OSI USA: Illegal alien who threatened ICE agent’s life arrested in connection with human smuggling ring, deaths of 7

    Source: US Immigration and Customs Enforcement

    LOS ANGELES — An illegal alien from Guatemala was arrested on a four-count indictment alleging he led one of the largest human smuggling organizations in the United States. The ring allegedly smuggled approximately 20,000 illegal immigrants from Guatemala to destinations nationwide over a five-year span. The defendant held some victims in stash houses as hostages and is responsible for the deaths of seven illegal immigrants — including a 4-year-old child — who were killed in a November 2023 car accident in Oklahoma. U.S. Immigration and Customs Enforcement, the U.S. Border Patrol and the Inglewood Police Department are investigating the matter.

    “These arrests illuminate the dangers and victimization associated with aliens attempting to unlawfully enter our country,” said ICE Homeland Security Investigations Los Angeles acting Special Agent in Charge John Pasciucco. “Every day, similar human smuggling organizations put profits ahead of safety in these reckless and illegal endeavors. ICE Los Angeles and our partners are committed to continue identifying and dismantling these organizations so no further lives are lost and our borders are secure.”

    Eduardo Domingo Renoj-Matul aka Turko, 51, of the Westlake neighborhood near downtown Los Angeles, was arrested Feb. 28 with his alleged right-hand man, Cristobal Mejia-Chaj, 49, also of the Westlake neighborhood. The defendants were arraigned the same day and ordered to stand trial April 22. A federal magistrate judge also ordered them jailed without bond.

    Renoj-Matul allegedly led one of the largest human smuggling organizations in the United States, moving approximately 20,000 illegal immigrants from 2019 through July 2024.

    Also charged in the indictment are Helmer Obispo-Hernandez aka Xavi, 41, a lieutenant in the criminal organization who is a fugitive, and Jose Paxtor-Oxlaj, 44, a driver for the smuggling organization who is incarcerated in Oklahoma in connection with the fatal November 2023 car accident.

    All the defendants are Guatemalan nationals who are or were illegally living in the United States at the time of the alleged offenses.

    All four defendants are charged with one count of conspiracy to bring aliens to the United States, transporting aliens in the United States, and harboring aliens in the United States for private financial gain and resulting in death.

    Additionally, Renoj-Matul and Mejia-Chaj are charged with two counts of hostage-taking. Obispo-Hernandez and Paxtor-Oxlaj also are charged with one count of transporting aliens in the United States for private financial gain and resulting in death.

    A separate federal criminal complaint filed March 2 charges Obispo-Hernandez with threatening to cut off the heads of an ICE task force officer and members of his family. The threats were allegedly made to the federal law enforcement office Feb. 28 in the wake of search warrants being executed at Obispo-Hernandez’s residence.

    “These smuggling organizations have no regard for human life and their conduct kills,” said Acting U.S. Attorney Joseph T. McNally. “Their members pose a danger to the public and law enforcement. We must vigorously enforce our immigration laws so that these organizations cannot operate. The indictment and arrests here have dismantled one of the country’s largest and most dangerous smuggling organizations. This work saves lives, and the members of the organization will now face significant consequences.”

    According to the indictment returned Feb. 25 and unsealed Feb. 28, the Renoj-Matul transnational criminal organization operated for at least a dozen years and specialized in smuggling illegal immigrants from Guatemala to the United States, the transportation and movement of those illegal immigrants within the United States — especially between Phoenix and Los Angeles — and harboring, concealing and shielding of illegal immigrants within the United States.

    Renoj-Matual was assisted by associates in Guatemala who solicited illegal immigrants to come to the United States, accepted payment of between $15,000 and $18,000 for each illegal immigrant smuggled into the United States, and coordinated the illegal immigrants’ journeys from Guatemala to the United States.

    Mexican smuggling organizations transported the aliens through Mexico and across the U.S.-Mexico border in Arizona, where they were held in stash houses and eventually picked up by Renoj-Matul’s lieutenants. The illegal immigrants then — for an additional fee — were transported and moved to various destinations in the United States, including Los Angeles. The immigrants who had not paid their fees were held hostage in a stash house in the Westlake neighborhood near downtown Los Angeles.

    Renoj-Matul directed that the transportation of proceeds from human smuggling be transported from Los Angeles to Phoenix, where they were given to the Mexican smuggling organization to pay the expenses incurred by Renoj-Matul’s transnational criminal organization.

    In November 2023, Paxtor-Oxlaj caused a car accident in Elk City, Oklahoma, while he was smuggling illegal immigrants from New York to Los Angeles. That car accident resulted in the deaths of seven passengers in the vehicle he drove. Of the seven people killed, three were minors, including a 4-year-old child.

    Paxtor-Oxlaj was arrested in connection with the accident and was charged in the Western District of Oklahoma with being an illegal alien found in the United States following removal. He previously had been removed from the U.S. to Guatemala in 2010 and did not have legal permission to reenter the United States.

    The indictment further alleges that, from April 2024 to July 2024, Renoj-Matul and Mejia-Chaj held hostage two Guatemalan nationals smuggled into the United States who had not paid smuggling fees. The defendants allegedly threatened to kill the victims until third parties paid for their release.

    An indictment contains allegations that a defendant has committed a crime. Every defendant is presumed to be innocent until and unless proven guilty beyond a reasonable doubt in court.

    If convicted of all charges, the defendants each face a statutory maximum sentence of death or life imprisonment.

    Also arrested Feb. 28 was Rolando Gomez-Gomez aka Chaka, 39, of South Los Angeles, who is charged with one count of being an illegal alien found in the United States following removal, and Juan Lopez Garcia aka Boxer, 41, of Downtown Los Angeles, who was arrested on a civil removal matter. Both defendants are alleged lieutenants in the Renoj-Matul transnational criminal organization.

    Assistant U.S. attorneys Shawn J. Nelson and Elia Herrera of the International Narcotics, Money Laundering and Racketeering Section are prosecuting this case. Assistant U.S. attorney Tara B. Vavere of the Asset Forfeiture and Recovery Section is handling the asset forfeiture portion of this case.

    Anyone with information related to human smuggling are encouraged to call the ICE Tip Line at 866-DHS-2-ICE (866-347-2423).

    Learn more about ICE HSI’s mission to protect the U.S. economy in your community on X at @HSILosAngeles.

    MIL OSI USA News –

    March 5, 2025
  • MIL-OSI United Nations: 4 March 2025 South Africa: applying the lessons learned from tackling HIV to accelerate action on obesity

    Source: World Health Organisation

    Therncountry has already taken some bold moves to transform the food system, enablernequitable access to healthy food and physical activity and provide healthyrnmeals to children through the National School Nutrition Programme. rnSpecifically, as part of efforts to create healthier food environments, arnsugar-sweetened beverage tax, introduced in 2018, has helped reduce sugaryrndrink purchases, and regulations to reduce salt in processed foods has reducedrnsalt intake. 

    Obesityrnchronic care programs now need to be scaled up across all levels of thernhealth system with a focus on community and primary care and referral and backrnreferral to secondary and tertiary care. “The task is now to replan, reorganizernand reorient health services and train health-care providers to expand accessrnto all those in need and offer services where people are, with an impetus neverrnseen before,” said Professor Francois Venter, Director of Ezintsha atrnthe University of the Witwatersrand. “And there are many lessons from ourrnexperience in implementing large scale HIV programmes that are highly relevant,”rnhe added.   

    Asrnwith the HIV response in the early 2000s, the voices of health advocates andrnresearchers are critical to ensuring a person-centred, rights-based response tornaddressing obesity in South Africa. Robust civil society is a strength of SouthrnAfrican society that can be leveraged to combat obesity. A key player, thernDesmond Tutu Health Foundation (DTHF), expanded the HIV focus of its researchrnand advocacy to cover HIV within the broader health context of NCDs and mentalrnhealth in 2020. “Obesity is the new South African epidemic, with many parallelsrnto HIV. Both require lifelong care and impact every part of society. The samernlevers that drove South Africa’s HIV response – advocacy, community engagement,rncollaboration and long-term commitment – are just as crucial for tacklingrnobesity and sustained action beyond World Obesity Day,” noted DrrnNomathemba Chandiwana, Chief Scientific Officer at DTHF. 

    Onrnthe same line, the Cancer Association of South Africa (CANSA) has been runningrneducational campaigns on healthy living for decades. As well as educating thernpublic and enabling research, CANSA strives to influence policymakers on cancerrncontrol issues and advocates to protect people’s right to health care. 

             © WHO / Barry Christianson

    Torntackle obesity, action is needed across different areas of governmentrnincluding, among others, health, social services, finance, education, trade andrnurban planning.  Government efforts can be amplified by collaboration withrnresearchers who can help with problem solving and filling knowledge gaps withrntargeted research. At the same time, supportive non-governmental organizationsrn(NGOs) and community groups – joining forces with the government and scientistsrn– can call for robust, rights-based public health action.  

    Byrnharnessing the superpower of joint government, civil society and academiarnaction, and building on the hard-won success of HIV programmes, South Africa isrnleading the way and delivering the change that is needed to respond to thernobesity challenge.

    “,”datePublished”:”2025-03-04T14:28:50.0000000+00:00″,”image”:”https://cdn.who.int/media/images/default-source/topics/diseases-and-conditions/obesity/children-playing-in-alzahraa-displacement-camp.jpg?sfvrsn=869a5caa_6″,”publisher”:{“@type”:”Organization”,”name”:”World Health Organization: WHO”,”logo”:{“@type”:”ImageObject”,”url”:”https://www.who.int/Images/SchemaOrg/schemaOrgLogo.jpg”,”width”:250,”height”:60}},”dateModified”:”2025-03-04T14:28:50.0000000+00:00″,”mainEntityOfPage”:”https://www.who.int/news-room/feature-stories/detail/south-africa-applying-the-lessons-learned-from-tackling-hiv-to-accelerate-action-on-obesity”,”@context”:”http://schema.org”,”@type”:”Article”};
    ]]>

    MIL OSI United Nations News –

    March 5, 2025
  • MIL-OSI New Zealand: Universities – Student wellbeing probed on biggest campus in Aotearoa New Zealand – UoA

    Source: University of Auckland (UoA)

    One of the country’s biggest investigations into student wellbeing is being carried out by psychology students and their teachers at Waipapa Taumata Rau, University of Auckland.

    In-depth interviews with more than 100 undergraduate students from minority and marginalised groups such as Māori, Pasifika, Chinese, South Asian, and LGBTQIA+ will inform student support on the nation’s biggest campus, which has 47,000 students. Most of the research is being carried out by nine postgraduate students.

    Professor Kerry Gibson, who’s Pākeha, and Dr Sarah Kapeli, of Tongan descent, lead the project, which is backed by University leadership including the Vice-Chancellor and the Māori and Pacific Pro-Vice Chancellors. Recommendations on how to better support students are likely to come later this year and facilitating connection will be key.

    “When students come to university it is for more than just a degree. It’s a time when young people are working out who they want to be and how they fit in the world,” said Gibson. “This is more important than ever after Covid had such a disruptive effect on young people’s learning and socialising.”

    Rates of mental health problems are increasing among university students, according to international studies.

    “Changing the environment so that it supports students better will help their academic success and also help prevent the development of mental health problems in this age group and into adulthood,” Gibson said.

    Stresses reported by students in the Auckland study include:

    academic pressure
    academic competition
    financial insecurity
    balancing paid work and university work
    balancing home and family commitments with university
    feeling disconnected and isolated in a large institution
    wider worries such as a competitive job market and climate change

     
    “Finding a sense of belonging is central to young people’s success at university and later in life,” said Kapeli. “Feeling comfortable at university is important for all students but can be particularly challenging for marginalised groups of students.”

    Challenges for Sāmoan and Tongan students include juggling family-comes-first commitments with university life and working out where self-care fits within collectivist values, say masters students Seulele Vine and Malia Vaka’uta. Pasifika students value Pasifika spaces on campus and highlight the role of religiosity or spirituality in wellbeing.
     
    In the study, interviews, talanoa and kōrero have mostly been conducted by researchers from the same minority or marginalised groups as the interviewees.

    Jemma Dixon, Shelby Symons, and Jack Dobson are researching Māori students’ experiences; Skyler Hsieh, Rainbow students; Senuri Panditharatne, South Asian students; and Kahn Tasker, Chinese students. Emma Johnston is studying the impact of existential threats such as climate change.

    The first theses based on the research, which began in 2022, were submitted last month.

    “For some students, it’s been cathartic,” says Kapeli. “They’ve never been asked questions like this before. We know that some are struggling – they don’t know where to get help or don’t think they can ask for help.”

    Also contributing to the project are Kaiwhakaako Mātai Hinengaro Hineatua Parkinson and Dr Roshini Peiris-John, co-director of the University’s Centre for Asian and Ethnic Minority Health Research and Evaluation.  The Spencer Foundation, a US organisation funding education research, contributed US$50,000 toward Māori and Pasifika aspects of the study.

    MIL OSI New Zealand News –

    March 5, 2025
  • MIL-OSI: PU Prime Launches The Ultimate Lucky Draw Promotion

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, March 04, 2025 (GLOBE NEWSWIRE) — To mark Saint Patrick’s season, PU Prime is launching PU Prime’s Ultimate Lucky Draw promotion, giving traders the opportunity to win exclusive prizes, including an iPhone 16 Pro Max, iPad Pro, AirPods Max, and bi-weekly cash rewards. The promotion runs from 1 March to 30 April 2025.

    How to Participate

    Eligible participants can enter the Ultimate Lucky Draw by completing the following steps:

    1. Deposit and Trade – A minimum deposit of $500 USD is required.
    2. Earn Lucky Draw Tickets – One ticket is awarded for every $100,000 in Notional Volume traded.
    3. Prize Draws – Accumulated tickets increase the likelihood of selection in bi-weekly cash draws and the grand prize draw on May 5, 2025.

    Prize Structure

    Traders who meet the eligibility criteria and accumulate tickets will have the chance to win the following:

    • 1st Prize: iPhone 16 Pro Max (256GB)
    • 2nd Prize: iPad Pro 11″ (256GB, WiFi)
    • 3rd Prize: AirPods Max

    In addition to the grand prizes mentioned above, PU Prime will also be holding bi-weekly cash draws that offer a total of $600 in cash rewards. The bi-weekly cash draws will span across four draw dates: 17 March, 31 March, 14 April, as well as 28 April 2025. In each draw, there will be 3 winners, each rewarded with an amount of $50. There will be no limit on the number of tickets a participant can accumulate and this promotion is open to holders of Standard and Islamic Standard Accounts.

    For more information on PU Prime’s promotions, users can visit www.puprime.com/promotions/

    For media inquiries, users can contact the PR team via media@puprime.com.

    About PU Prime

    Founded in 2015, PU Prime is a leading global fintech company providing innovative online trading solutions. Today, we offer regulated financial products across various asset classes, including forex, commodities, indices, and gold. Committed to providing advanced technology and educational resources, PU Prime supports traders and investors at every stage, from beginner to professional. With a presence in over 120 countries and exceeding 40 million app downloads, PU Prime is dedicated to enabling financial success and fostering a global community of empowered traders.

    Contact

    Arielle Hong
    PU Prime
    media@puprime.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1d822a19-1837-422b-9a90-e93b85ba78f0

    The MIL Network –

    March 5, 2025
  • MIL-OSI: Trump, Congress Gain New Advocates for Tax and Economic Policies Among Major Economists, Entrepreneurs

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, March 04, 2025 (GLOBE NEWSWIRE) — A group of influential economists, entrepreneurs, and academics announced today the formation of the Private Economic Council, an organization that will advocate for small businesses and taxpayers in consultation with the Trump administration and Congress. These are high-profile supporters who will use their respective platforms as influencers to help President Trump and the GOP majority deliver for the American people.

    “This is a pivotal moment in American history, and the decisions our leaders make in the coming months and years will influence the lives of the American people for generations,” said renowned economist Steve Moore. “For the first time in our lives, we have a chance to enact meaningful spending cuts, permanently reduce taxes for working Americans, and take the federal government’s thumb off the scale of our economy.”

    Members of the Private Economic Council will work together to advocate for policies that expand economic freedom, incentivize growth, and reduce the burden of government on workers and business owners alike. In addition to weighing in on hot-button topics, they will propose additional policy innovations designed to advance their shared goals of economic freedom and prosperity.

    “There is a genuine appetite for change in Washington right now, but we need to move quickly and decisively before this window of opportunity closes,” said Julio Gonzalez, founder and CEO of Engineered Tax Services.

    “I’m pleased to be a part of this group,” said Barry Habib, a longtime entrepreneur who currently serves as CEO of MBS Highway. “We will work hard to make improvements and increase economic growth.”

    “I’m proud to be a S.O.B. (son of a butcher). Only in America can sons of butchers become successful,” said Wayne Allyn Root. “This is the land of opportunity — but only because of capitalism, limited government, and low taxation and regulation. I am honored to join this prestigious group to help keep it that way.”

    “Corporations spend millions of dollars on lobbyists to make sure elected officials are aware of their interests; we’re going to make sure Congress knows just as much about the interests of the workers and small business owners who are the real engine of our economy,” said Papa John’s founder John Schnatter.

    About the Private Economic Council

    Steve Moore is a Senior Visiting Fellow in Economics at The Heritage Foundation. He is the founder and former president of the Club for Growth, and a former member of the Wall Street Journal editorial board. He served as a senior economic advisor to President Trump’s 2016 campaign, helping create the blueprints for the policies that unleashed a historic era of prosperity, including the Trump tax cuts.

    Dave Brat is a former member of the U.S. House of Representatives from Virginia who won his first term in office after defeating sitting House Majority Leader Eric Cantor in the primary election. He currently serves as Dean of the Liberty University School of Business.

    Barry Habib is an award-winning economist and entrepreneur who is widely credited with saving the mortgage industry from margin calls by persuading the Federal Reserve to avoid actions that could have created severe instability during the COVID pandemic in 2020. He has been a longtime contributor to both Fox News and CNBC.

    Julio Gonzalez is the founder and CEO of Engineered Tax Services, the country’s largest specialty tax engineering firm. Julio helps small and mid-sized businesses take advantage of the same tax loopholes used by major corporations, and is a tireless advocate for small businesses.

    Wayne Allyn Root is a CEO, businessman, best-selling author, and national conservative TV and radio host who has interviewed President Trump 16 times. He is also a nationally syndicated columnist who helped originate and popularize some of President Trump’s most popular campaign promises, such as “No Tax on Social Security benefits” and “No taxes on overtime.” Root was the 2008 Libertarian Vice-Presidential nominee.

    John Schnatter is the founder of Papa John’s International, which he started in a broom closet and grew into one of the largest pizza chains in the world. He is a prolific philanthropist and outspoken advocate for entrepreneurs.

    The MIL Network –

    March 5, 2025
  • MIL-OSI Video: US-EU-China Triangle | World Economic Forum Annual Meeting 2025

    Source: World Economic Forum (video statements)

    Despite the ratcheting up of trade tensions between the United States, Europe and China, a high level of mutual economic dependency continues to bind the world’s major powers together and – at present – prevents competition from escalating into conflict.

    As the three powers delicately balance continued dialogue and engagement with the pursuit of their geo-economics interests, what will their future relationship look like?

    This session was developed in collaboration with Politico.

    Speakers: Sir Robin Niblett, Jamil Edmond Anderlini, Fred Hu, Belen Garijo, Graham Allison

    The 55th Annual Meeting of the World Economic Forum will provide a crucial space to focus on the fundamental principles driving trust, including transparency, consistency and accountability.

    This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets.

    The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

    World Economic Forum Website ► http://www.weforum.org/
    Facebook ► https://www.facebook.com/worldeconomicforum/
    YouTube ► https://www.youtube.com/wef
    Instagram ► https://www.instagram.com/worldeconomicforum/
    X ► https://twitter.com/wef
    LinkedIn ► https://www.linkedin.com/company/world-economic-forum
    TikTok ► https://www.tiktok.com/@worldeconomicforum
    Flipboard ► https://flipboard.com/@WEF

    #Davos2025 #WorldEconomicForum #wef25

    https://www.youtube.com/watch?v=cOz2Zx4W_Sg

    MIL OSI Video –

    March 5, 2025
  • MIL-OSI United Nations: Gaza’s recovery must be built on more than steel and concrete: Guterres

    Source: United Nations MIL OSI b

    4 March 2025 Peace and Security

    The UN Secretary-General on Tuesday stressed that the “true foundation” of recovery and reconstruction in Gaza must be based on a clear and agreed political framework, not just bricks and mortar.

    Speaking at the emergency summit of Arab nations on the situation in the Middle East and Gaza reconstruction in Cairo, António Guterres welcomed Arab-led efforts to mobilize support for Gaza’s recovery.

    He stressed that rebuilding the war-ravaged territory must be guided by principles that respect international law and prevent further cycles of violence.

    “The true foundation of recovery in Gaza will be more than concrete and steel,” he said.

    “It will be dignity, self-determination and security. This means staying true to the bedrock of international law. It means rejecting any form of ethnic cleansing. And it means forging a political solution.”

    Political framework essential

    Mr. Guterres highlighted that reconstruction efforts cannot be separated from the broader political situation.

    “Ending the immediate crisis is not enough. We need a clear political framework that lays the foundation for Gaza’s recovery, reconstruction and lasting stability,” he said.

    Acknowledging Israel’s security concerns, he added that there should not be a long-term Israeli military presence in Gaza.

    Unprecedented destruction

    The war in Gaza has left an unprecedented level of destruction, with an estimated 51 million tons of rubble blanketing the landscape where bustling neighborhoods once thrived.

    According to a new UN damage and needs assessment report, over 60 per cent of homes – amounting to some 292,000 – and 65 per cent of roads have been destroyed, across the approximately 360 square kilometre enclave.

    Working with Palestinian authorities, UN development and environmental agencies and non-governmental organizations are looking at how to safely clear the rubble so that families can rebuild. UN teams are drawing on similar experiences in Mosul, Iraq, and the Syrian cities of Aleppo and Latakia, all decimated by war.

    UN agencies along with partners, including the World Bank, estimate that $53 billion will be needed for recovery and reconstruction.

    Ceasefire must hold

    With humanitarian conditions still dire, Mr. Guterres warned that renewed hostilities would plunge millions back into suffering and further destabilize the region.

    “We must avoid at all costs the resumption of hostilities,” he urged, calling on both parties to uphold their commitments under the ceasefire and hostage deal, and to resume negotiations without delay.

    “All hostages must be released – immediately, unconditionally and in a dignified manner,” he said, adding that the release of Palestinian detainees must be carried out per the terms of the deal and also in a dignified way.

    “The parties must ensure humane treatment for all those held under their power.”

    Ensure unhindered aid

    The Secretary-General highlighted that importance of humanitarian aid for civilians in need in Gaza, calling for the removal of all obstacles to aid delivery.

    “Humanitarian aid is not negotiable. It must flow without impediment,” he said, urging also donors to ensure adequate funding.

    He applauded the dedication of UN staff and all other humanitarian workers in providing essential services under the most difficult circumstances, appealing for the urgent and full support of the UN Relief and Works Agency (UNRWA)’s work, including financial support.

    Secretary-General Guterres addressing the Summit.

    Escalation in the West Bank

    Beyond Gaza, Mr. Guterres expressed alarm at rising violence in the West Bank, where Israeli security forces have launched large-scale operations, including airstrikes and also the deployment of tanks.

    “Over 40,000 Palestinians have been forcibly displaced in the last month — the largest displacement in the West Bank in decades. Meanwhile, demolitions, evictions and settlement expansions continue, with settler violence is on the rise,” he noted.

    He called for an urgent de-escalation of the situation, and the stopping of unilateral actions, including settlement expansion and threats of annexation.

    “Israel, as the occupying power, must comply with all its obligations under international law, including international humanitarian law,” Mr. Guterres said.

    In addition, the Palestinian Authority must be supported to govern effectively, and “do so in compliance with its own obligations under international law.”

    Two-State solution the only path

    The UN chief reiterated that a two-State solution remains the only viable path to lasting peace.

    “The only path to lasting peace is one where two states – Israel and Palestine – live side-by-side in peace and security, in line with international law and relevant UN resolutions, with Jerusalem as the capital of both states,” he said.

    MIL OSI United Nations News –

    March 5, 2025
  • MIL-OSI United Nations: Japan ‘Pillar of Multilateralism’, Secretary-General Tells Tokyo Conference

    Source: United Nations MIL OSI b

    Following is the text of UN Secretary-General António Guterres’ video message to the Tokyo Conference, held in Tokyo today:

    I am pleased to send warm greetings to the Tokyo Conference.  This year marks the eightieth anniversary of the end of the Second World War and the founding of the United Nations.

    This milestone is a crucial opportunity to reaffirm enduring principles that emerged from one of humanity’s darkest hours:  Peace through dialogue.  Respect for human rights and international law.  The promotion of social progress and sustainable development.

    Japan is a leader in advancing these values and a pillar of multilateralism.  Your commitment to international cooperation stands as a powerful example of how nations can transform historical legacies into positive change.

    As we look to our world today, we are confronted with myriad challenges — from multiplying conflicts to the raging climate crisis, from rampant inequalities to artificial intelligence (AI) without sufficient guardrails.

    Your conference’s theme this year reminds us that global challenges demand global solutions.  In September, Member States of the United Nations adopted the Pact for the Future. The Pact charts a bold course for reforming multilateral institutions for the twenty-first century;

    It calls for reforming the Security Council and the international financial architecture — so every nation, large and small, has a voice in shaping our collective future.

    It seeks to prioritize prevention, mediation and peacebuilding; enhance coordination with regional organizations; and develop innovative approaches to emerging security challenges.

    The Pact includes new strategies to end the use of chemical and biological weapons, the first global agreement on the international regulation of AI and the first multilateral agreement on nuclear disarmament in more than a decade.

    As we prepare to mark the eightieth anniversary of the devastation of Hiroshima and Nagasaki, we will continue to be guided by the inspiring example and vision of the hibakusha for a world free of nuclear weapons.

    By bringing together government leaders and diverse voices from around the world, the Tokyo Conference offers an important platform to advance the Pact’s objectives and drive multilateralism into the future.

    Let us seize this moment to strengthen the foundations of trust, solidarity and cooperation and write a new chapter in our shared journey towards lasting peace, dignity and progress.

    MIL OSI United Nations News –

    March 5, 2025
  • MIL-OSI: Magic Empire Global Limited announces that the bid price deficiency concern raised by Nasdaq has been successfully resolved

    Source: GlobeNewswire (MIL-OSI)

    Hong Kong, March 04, 2025 (GLOBE NEWSWIRE) — Magic Empire Global Limited (NASDAQ: MEGL) (“MEGL”, or the “Company”) is pleased to announce that the bid price deficiency concern raised by Nasdaq has been successfully resolved.

    The Company has received written notification (the “Nasdaq Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the minimum bid price requirement set forth in the rules for continued listing on the Nasdaq Capital Market (the “Listing Rules”).

    On February 26, 2025, the Company received a letter from Nasdaq notifying the Company that it has not regained compliance with Listing Rule 5550(a)(2). Accordingly, its securities will be delisted from the Capital Market. The Company may appeal Staff’s determination to the Panel, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series.

    On March 4, 2025, the Company received formal notification from Nasdaq, that the Company has regained compliance with the Nasdaq Minimum Bid Price Requirement. Nasdaq made this determination of compliance after the closing bid price of the Company’s ordinary shares was at $1.00 per share or greater for the last 10 consecutive business days from February 18, 2025 to March 3, 2025. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and Nasdaq considers the prior bid price deficiency matter now closed.

    MEGL remains committed to maintaining the highest standards of corporate governance and compliance. The company appreciates the support of its shareholders.

    About Magic Empire Global Limited

    Magic Empire Global Limited is a financial services provider in Hong Kong which principally engage in the provision of corporate finance advisory services and underwriting services. Its service offerings mainly comprise (i) IPO sponsorship services; (ii) financial advisory and independent financial advisory services; (iii) compliance advisory services; (iv) underwriting services; and (iv) corporate services. For more information, visit the Company’s website at http://www.meglmagic.com.

    Safe Harbor Statement

    Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

    Hong Kong:

    Magic Empire Global Limited
    Ms. Vivien Tai
    Tel: +852 3577 8770
    E-mail: meglir@giraffecap.com

    The MIL Network –

    March 5, 2025
  • MIL-OSI United Kingdom: Consultation set to progress to next stage over future of Queensway Primary School

    Source: City of Leeds

    Discussions over the future of a primary school in Leeds will continue next week as the authority seeks approval to progress to the next stage of consultation on its possible closure.

    Due to low pupil numbers and an increasingly challenging budget position, Leeds City Council has identified that the long-term sustainability of Queensway Primary School in Yeadon is at risk.

    A consultation on a proposal to close the school from the end of this academic year took place last month and a report providing an update will be discussed at next week’s executive board meeting (Wednesday March 12).

    Senior councillors at the meeting will decide whether to progress to the next stage and publish a ‘statutory notice’ on the proposals, marking the start of a further four-week consultation period where views will continue to be sought.

    A final decision is anticipated to take place at the council’s executive board meeting in June 2025.

    The latest report highlights how, over the past five years, declining birth rates have led to a significant fall in pupil numbers across the Aireborough school area. Queensway Primary School has significantly felt the impact of reducing numbers, with only 81 children on its roll in October 2024, compared to its admission limit of 210.

    Since the number of children at a school determines the funding it receives, this ongoing situation has led to a sharp rise in the school’s budget deficit forecast, which is expected to grow from an estimated £608,000 at the end of 2025/26 to £1.35m by the end of the 2027/28 financial year.

    This increasing deficit means the school’s ability to fund the support for all pupils in the longer term, including those with Special Educational Needs and Disabilities (SEND), is at risk.

    The report to the executive board stresses that, should the school close, the council would work closely with partners to ensure families are able to secure alternative school places, with extensive tailored support for pupils with SEND and/or Education, Health and Care Plans (EHCPs).

    Councillor Helen Hayden, Leeds City Council’s executive member for children and families, said: “Closing a school is not a decision we take lightly and we absolutely understand the strength of feeling among the school and wider community as these difficult conversations continue.

    “We fully recognise the tireless work of everyone involved in championing the school and improving its position. However the falling birth rate has led to an increasingly challenging budget situation and this has long-term implications for the school’s ability to support its pupils.  

    “As a local authority, we have a responsibility to consider the viability of the school and as such, we are now seeking to progress to the next stage of consultation.

    “If this is approved, there will be further opportunity for people to show their support or objection to the proposal during the new statutory notice period.

    “I would like to re-emphasise that, should the closure go ahead, we would work closely with all affected families, including providing comprehensive and bespoke support for children with SEND and/or EHCPs to ensure their needs continued to be met.”

    To view the report being considered by the executive board visit Council and democracy (agenda item nine).

    ENDS

    For media enquiries please contact:

    Leeds City Council communications and marketing,

    Email: communicationsteam@leeds.gov.uk

    Tel: 0113 378 6007

    MIL OSI United Kingdom –

    March 5, 2025
  • MIL-OSI United Kingdom: Connecting Leeds Transport Strategy marks major achievements over last three years – and outlines new action plan up to 2027

    Source: City of Leeds

    A report to senior councillors outlines the good progress being made on the council’s ambitious Connecting Leeds transport strategy, but highlights that more needs to be done and more funding allocated to meet its aims. 

    The report to the council’s Executive Board provides an update on progress on the Connecting Leeds transport strategy. Its vision is for Leeds to be a city where you don’t need a car, and where everyone has an affordable, accessible and zero carbon choice in how they travel, and since 2018 more than three quarters of a billion pounds has been invested in the city’s highways and transport network through the Connecting Leeds programme.

    The Connecting Leeds transport strategy’s initial action plan 2020 -2024 has delivered some key successes including:

    • Major highway improvements including the Armley Gyratory and the completion of the East Leeds Orbital Route, increasing road capacity to support changes in the city centre, along with other improvements to key transport corridors including the A647 and Outer Ring Road between Horsforth and Rodley.
    • Launching our Vision Zero Strategy which aims to eliminate all fatalities and serious injuries on Leeds roads by 2040. The number of people killed or seriously injured on Leeds roads has reduced since its launch.
    • Transforming City Square and wider public realm in the city centre, including the Headrow, Vicar Lane and the Corn Exchange, creating safer pedestrian-friendly spaces.  
    • The launch of Leeds City Bikes, the largest e-bike scheme in the UK which will see further roll-out later this year.
    • The Stourton Park & Ride has experienced continued growth since opening in late 2021, alongside the existing sites at Elland Road and Temple Green, and more than 90 electric buses are now serving the city’s busiest routes. Around 10,000 cars are taken off city roads each week with consistently over 20,000 passengers per week using the services and further improvements planned later in the year.
    • Improvements and significant funding in Leeds City Rail Station, with a significant increase in passenger numbers and footfall exceeding pre-pandemic levels. Local rail stations have experienced similar growth.
    • Fewer car commuters into the city centre since 2021, reducing congestion and improving local air quality.

    These successes have led to increasing numbers of people walking through the city centre, along with rising bus passenger numbers.

    Overall city centre footfall for the whole of 2024 increased by 1.3% compared to 2023, which in turn was up by 2.7% on 2022. Footfall at Leeds City Rail Station has also increased by 12% in 2024 compared to 2023, and with the city centre seeing significant and continued investment in its retail and hospitality offer it is hoped that footfall will keep rising and further boost the city’s economy.

    There has also been a 4.1% reduction in car mileage across the city since 2019, and a 6% year-on-year increase of public electric vehicle charging points.

    New Action Plan launched to 2027

    Some measures within the initial action plan are ongoing or still progressing, and are being taken forward with the launch of a new action plan which details our ambitions and activities up to 2027.

    This includes major schemes such as Dawson’s Corner and Stanningley Bypass, which has only recently secured c£36m government funding, the A660 improvements and the Lawnswood Roundabout scheme, along with more active travel and cycling schemes.

    The council will continue to support the West Yorkshire Combined Authority to progress the mass transit scheme and to implement bus reforms, and will continue its partnership work to deliver the Vision Zero strategy regionally.

    The challenges of delivering these measures is reflected in progress against the strategy’s ambitions. Although overall carbon emissions have reduced since 2019, the latest figures suggest that they have begun rising again and may reach pre-pandemic levels, so the council is still facing challenges to meet its net-zero targets by 2030.

    There was a significant decrease in motorists driving into the city centre between 2022 and 2023, and although this trend has not continued during the last year the number remains below 2022’s levels.

    Across the city the amount of HGV and LGV traffic is growing which is likely to relate to online shopping and home delivery trends.

    Councillor Jonathan Pryor, Deputy Leader of Leeds City Council and Executive Member for Economy, Transport and Sustainable Development, said: “We have made significant progress towards our vision of creating a city where you don’t need to own a car, and we are proud of our achievements so far.

    “Our places are becoming more people-friendly, inclusive and welcoming, we are delivering infrastructure which is fit for the 21st century, and we are encouraging more people to use active and sustainable travel methods and public transport.

    “We have big ambitions for our city and we recognise that progress towards these hasn’t been easy. We’ve faced significant challenges along the way and there is much to do. When the council adopted this very ambitious strategy it was made with the knowledge that this would be underpinned by significant funding over a sustained period. Investment levels have been good in recent years and there is a need to maintain these in the coming years so we can achieve our goals alongside delivering general transport improvements.

    “By launching our new action plan to 2027 we are making clear how we will ensure we achieve our vision for everyone who lives, works and visits our city, working closely with our partners and the West Yorkshire Combined Authority.”

    Exploring new funding opportunities

    The report states that the ‘current level of funding is insufficient to cover all aspects’ of the new action plan. As a result, the council will be looking for alternative funding to deliver these activities, and will be looking to work with partners including the combined authority, the Department for Transport and the private sector to achieved its shared objectives.

    As part of this, the council is exploring the possibility of introducing a workplace parking levy to generate revenue which would used as local contributions to major transport investments, principally mass transit.

    Such a levy could charge city centre businesses for parking places they offer for staff use, with revenue ring-fenced to support significant transport improvements.

    The report is seeking agreement to carry out exploratory work including surveys around how a workplace parking levy could potentially be applied in Leeds city centre. This would include engaging with key partners and businesses in the first instance, and developing a rationale around which premises should be exempt from the scheme such as the city’s hospitals which employ round-the-clock shift workers delivering a vital emergency service.

    Following this exploratory work, should the council intend to proceed with the introduction of a workplace parking levy a further report would be submitted to executive board for approval.

    Should this be granted, a business case would need to be submitted to the Department for Transport and approved by the Secretary of State.

    The full report can be viewed here.

    MIL OSI United Kingdom –

    March 5, 2025
  • MIL-OSI United Kingdom: UK Government releases £129m for reform of NI public services

    Source: United Kingdom – Executive Government & Departments 3

    News story

    UK Government releases £129m for reform of NI public services

    Secretary of State has welcomed the release of £129 million by the UK Government to support public service transformation in Northern Ireland.

    Secretary of State for Northern Ireland Hilary Benn MP

    • The funding is the first tranche of the £235 million transformation fund committed to the Executive, and demonstrates the UK Government’s commitment to improving public services for people in Northern Ireland.
    • Targeted funding will support six Executive projects across the Departments of  Health, Justice, Education and Infrastructure. 
    • UK Government support to deliver Plan for Change.

    The funding will see £61m go towards expanding the multi-disciplinary team approach to primary care across Northern Ireland, and support five other projects across justice, education and infrastructure which represent key priorities in the Executive’s Programme for Government.

    This is the first tranche of funding to be allocated from the £235 million fund created by the UK Government as part of the financial package that led to the restoration of the Executive in February 2024. It comes in addition to a £1.5 billion increase through the Barnett formula, with £1.2 billion for day-to-day spending, and £270 million for capital investment. This investment shows the Government’s Plan for Change delivering reform and growth for the people of Northern Ireland. 

    Mr Benn said: “Everyone recognises that the task of stabilising and transforming Northern Ireland’s health and other public services is a priority. 

    “This allocation of UK Government funding is a really important step towards this, and in this UK Government, the Executive will always have a partner that is committed to supporting this work every step of the way.

    “I am delighted that Northern Ireland will this year receive its largest real terms financial settlement since devolution, supporting growth and investment. Today’s additional funding will go directly towards the transformation of public services, which the people of Northern Ireland want to see.”

    Background

    • The funding comes following the recommendations of the Public Sector Transformation Board to fund six projects across health, justice, education and infrastructure. 
    • The Board, comprising officials from the Northern Ireland Civil Service and UK Government, supported by independent experts, provides recommendations to the Executive about approval on £235 million ringfenced funding. 
    • Further funding decisions will be subject to the Public Sector Transformation Board’s recommendations, of which is led and agreed by the Northern Ireland Executive.
    • The transformation funding is part of the broader £3.3 billion restoration package for Northern Ireland.

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    Published 4 March 2025

    MIL OSI United Kingdom –

    March 5, 2025
  • MIL-OSI Canada: Increased Tax Credit Provides Up to $24,000 to Support Post Secondary Graduates

    Source: Government of Canada regional news

    Released on March 4, 2025

    Post-secondary graduates building their careers in Saskatchewan can now benefit from up to $24,000 in tax credits from the Graduate Retention Program (GRP). Saskatchewan has increased the lifetime GRP maximum by 20 per cent for students who graduate on or after October 1, 2024.

    The GRP offers tuition rebates to graduates who live and file taxes in Saskatchewan after they complete their post-secondary program. Graduates receive the tax credits over a seven-year period and have up to 10 years after graduation to claim GRP or apply any unused credits.

    “The Graduate Retention Program has been supporting post-secondary graduates for over a decade and we are proud to increase this incentive,” Advanced Education Minister Ken Cheveldayoff said. “Post-secondary graduates play a pivotal role in supporting Saskatchewan’s Growth Plan and Labour Market Strategyand we encourage them to take advantage of this tax credit and build their lives here in Saskatchewan.”

    Eligible graduates will begin receiving the increased tax credit when they file their 2025 taxes in spring 2026.

    “Growing up in Saskatchewan has been a privilege, and as I prepare to graduate from USask’s College of Engineering, I am excited about the many opportunities available to my peers and me,” University of Saskatchewan student Arliss Sidloski said. “The 20 per cent increase to the Saskatchewan Graduate Retention Program is a fantastic incentive for graduates to build their careers and families here. I encourage my fellow graduates to take advantage of this program and contribute to strengthening Saskatchewan’s workforce and economy.”

    Individuals who graduated before October 1, 2024 may still be eligible to receive GRP up to the original $20,000 maximum. Individuals with a graduation date between October 1 and December 31, 2024, should claim GRP at the original maximum on their 2024 taxes and will receive a top-up certificate to file with their 2025 taxes. 

    For more information on the changes, visit saskatchewan.ca/grp. For questions on filing income taxes, contact the Canada Revenue Agency directly or talk to an accounting professional.

    The GRP is the most generous program of its kind in Canada and has provided over $801 million in tuition tax credits to more than 85,200 graduates since 2008. Saskatchewan employers also benefit from the GRP as the program incentivizes graduates from both inside and outside the province to live and work in Saskatchewan.

    -30-

    For more information, contact:

    MIL OSI Canada News –

    March 5, 2025
  • MIL-OSI: Kandji Continues Global Expansion with New East Coast Headquarters in Miami to Accelerate Growth, Innovation for Apple in the Enterprise

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, March 04, 2025 (GLOBE NEWSWIRE) — Kandji, the Apple endpoint security platform, today announced the opening of its new East Coast headquarters to further the company’s global scaling efforts, attract world-class talent, and support rapid customer growth. In addition to the East Coast headquarters in Miami, Kandji has offices in California, London, Sydney, and Japan.

    Located at The Plaza Coral Gables, 2811 Ponce de Leon in Coral Gables, Fla., Kandji’s East Coast headquarters boasts nearly 30,000 square feet to accommodate the company’s sizable recruiting efforts. More than 100 new openings are available to support Kandji’s mission of empowering secure and productive global work.

    “Miami is fueling the next frontier for technology advancement,” said Adam Pettit, co-founder and CEO of Kandji. “We’re thrilled to immerse ourselves in this dynamic community and look forward to welcoming its world-class talent to our expanding team. Our East Coast headquarters will not only allow us to contribute to the local economy, but will provide the space, talent, and resources to accommodate Kandji’s growth and ability to deliver cutting-edge solutions that enable our customers to manage and secure their Apple device fleets at scale.”

    Kandji’s dedication to supporting local talent development in Miami-Dade County is evident through its alignment with organizations such as: The Beacon Council, Creative Hub, Miami Tech Works, eMerge, Opportunity Miami, Miami Dade College, and more. Through these partnerships, Kandji has participated in community events, workforce development programs, and initiatives that drive local innovation.

    “Miami-Dade County is redefining what it means to be a global tech hub, and Kandji’s decision to open their East Coast headquarters in Miami-Dade is proof of that transformation,” said Miami-Dade County Mayor Daniella Levine Cava. “Our strategic location, diverse talent pool and pro-business environment make Miami-Dade a natural home for innovators. Collaboration with companies like Kandji drive our county’s continued growth and continue to strengthen our competitive edge as a premier tech hub.”

    The opening of the East Coast headquarters follows continued company momentum for Kandji. In July 2024, the company raised $100 million in capital from General Catalyst – with $50 million allocated to equity financing for its Series D, and $50 million for go-to-market investment – bringing its total funding to over $280 million and its valuation to $850 million. Kandji has over 4,500 customers across 40+ industries, with 1,300 new customers signed in 2024. Notable customers include Canva, Deel, Twilio, Notion, and Wiz, and the company has partnerships with such industry giants as ServiceNow, AWS, and Okta. In addition, Kandji was recognized today on Forbes’ America’s Best Startup Employers 2025 list, which identified the top performing startups in the United States based on employer reputation, employee satisfaction and company growth.

    Along with corporate and customer growth, Kandji continues to bring new solutions to the market to further its mission of creating an integrated platform for enterprise Apple device management and security. Most recently, Kandji announced Vulnerability Management, a new security product that helps organizations identify and remediate security vulnerabilities due to out of date software on their Mac computers, Kai, a first-of-its-kind AI device management assistant for Apple devices, and Device Management for Apple Vision Pro, a groundbreaking solution that revolutionizes how businesses deploy and manage Apple Vision Pro devices at scale.

    “Kandji’s decision to establish its East Coast headquarters in Greater Miami is a testament to our region’s dynamic tech evolution,” said Rodrick T. Miller, President & CEO, Miami-Dade Beacon Council. “As one of the fastest-growing tech hubs in the country, Miami continues to attract top investors, startups, and global leaders like Apple and Kandji who are fueling this momentum. By creating 200 high-value jobs and investing in our innovation ecosystem, Kandji is further strengthening Miami’s reputation as a pro-business community where talent and companies thrive. We look forward to continuing to partner on their growth as they make themselves at home in South Florida.”

    Kandji is actively recruiting for a variety of roles across engineering, product, and go-to-market. To learn more about employment opportunities at Kandji, visit https://www.kandji.io/company/careers/#open-roles.

    Helpful Links

    About Kandji
    Kandji is the Apple endpoint security platform. Kandji empowers companies to manage and secure Apple devices in the enterprise and at scale. By centrally securing and managing your Mac, iPhone, iPad, and Apple TV devices, IT and InfoSec teams can save countless hours of manual, repetitive work with features like one-click compliance templates and more than 150 pre-built automations, apps, and workflows. Learn more at http://www.kandji.io.

    Media Contact
    Erica Anderson
    pr@kandji.io

    The MIL Network –

    March 5, 2025
  • MIL-OSI Security: Nigerian National Pleads Guilty to Role in $8 Million Federal Emergency Benefits Fraud Scheme

    Source: Office of United States Attorneys

    Greenbelt, Maryland – On Friday, February 28, Newton Ofioritse Jemide, 47, a Nigerian national, pled guilty to a federal charge for wire fraud conspiracy.  Jemide, who was recently extradited from France, was involved in a scheme to fraudulently obtain federal benefits.

    Kelly O. Hayes, United States Attorney for the District of Maryland, announced the plea with Joseph V. Cuffari, Inspector General for the Department of Homeland Security (DHS); Acting Special Agent in Charge (SAC) Colleen Lawlor, Social Security Administration (SSA) Office of Inspector General – Philadelphia Field Division; and Special Agent in Charge Matt McCool, U.S. Secret Service – Washington Field Office.

    “Mr. Jemide and his co-conspirators’ greed and utter disregard for the suffering of those who need national emergency assistance, by stealing from the government, will not be tolerated,” said United States Attorney Hayes. “The District of Maryland U.S. Attorney’s Office and our partners will continue to hold those accountable who try to defraud our government through fraud, waste, and abuse during times of crisis.”

    “Today’s guilty plea sends a clear message that individuals who defraud the federal government for their own personal gain will be identified and held accountable,” said U.S. Department of Homeland Security, Inspector General Joseph V. Cuffari, PhD.  “DHS-OIG is grateful for our continued partnership with our law enforcement partners as we continue fighting waste, fraud, and abuse.”

    During the timeframe covered by the indictment, the Federal Emergency Management Agency (FEMA) provided emergency benefits and compensation for damages to victims affected by declared national emergency disasters, such as hurricanes and wildfires.  Among other benefits, an individual in an area affected was immediately eligible for Critical Needs Assistance (CNA) to purchase life-saving or life-sustaining materials.  Victims could decide how to receive assistance payments, which included deposits on prepaid debit cards.

    According to the guilty plea, in 2016 and 2017, Jemide and others from Nigeria directed co-conspirators living in the United States to purchase hundreds of Green Dot Debit Cards.  Co-conspirators living in Nigeria then registered the cards with Green Dot using stolen personal information from identity theft victims around the United States.  Jemide and his co-conspirators used an encrypted messaging application and other means to communicate.

    In 2017, following Hurricanes Harvey, Irma, and Maria, and the California wildfires, Jemide, and other co-conspirators from Nigeria, used stolen personal information to apply online for FEMA and CNA benefits.  FEMA dispersed $500 per claim on the Green Dot Debit Cards that co-conspirators purchased for a total of at least $8 million.

    “Bringing these criminals to justice prevents further victimization of American taxpayers and abuse of the programs put in place as safety nets for the most vulnerable in our country,” said SAC McCool. “This investigation underscores the Secret Service’s global reach and steadfast commitment, in collaboration with our partner agencies, to combat cyber-enabled financial crimes and relentlessly pursue those committing them.”

    In addition to filing false disaster-assistance claims with FEMA, Jemide and co-conspirators also submitted false online claims for Social Security benefits, IRS tax refunds, and other government benefits using stolen identities of multiple individuals, including names, addresses, social security numbers, and other personal identifiers.

    “Newton Ofioritse Jemide and his co-conspirators misused Social Security numbers to steal government funds via SSA’s online services. The misuse of SSA’s e-Services to defraud SSA and rightful beneficiaries and recipients will not be tolerated at any level,” said Acting SAC Lawlor. “Our office will continue to investigate those who abuse SSA programs and operations, including its e-Services, for their own selfish gain. I thank our law enforcement partners for their assistance and the U.S. Attorney’s Office for prosecuting this complex case.”

    As a result of fraudulent submissions, FEMA and the other federal agencies deposited benefits onto the Green Dot Debit Cards.  The funds were deposited on the debit cards using multiple stolen identities, including identities different from the identities used to register the cards.  Jemide and select co-conspirators informed other co-conspirators when the fraudulent funds became available on the debit cards and gave them information to cash out the funds from the cards in exchange for a commission.  Additionally, the co-conspirators took steps to conceal their identities by enlisting others to make purchases and withdrawals; utilizing multiple store and bank locations and methods of withdrawal; and making money orders payable to other individuals and/or corporate entities.

    Jemide faces a maximum sentence of 30 years in federal prison for conspiracy to commit wire fraud.  Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge determines sentencing after considering the U.S. Sentencing Guidelines and other statutory factors.  Sentencing is currently scheduled for July 1, 2025, at 9:30 a.m., before U.S. District Court Judge Deborah K. Chasanow.  

    United States Attorney Hayes commended DHS-OIG, SSA-OIG, and USSS for their work in the investigation and thanked the Justice Department’s Office of International Affairs and the United States Marshals Service for their valuable assistance in securing the extradition of Jemide to the United States.  Ms. Hayes also thanked Assistant United States Attorneys Elizabeth Wright and Darren Gardner who are prosecuting the federal case.

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

    # # #

    MIL Security OSI –

    March 5, 2025
  • MIL-OSI Security: Convicted Nurse Practitioner to Forfeit over $40 million from Foreign Accounts for Health Care Fraud, Money Laundering

    Source: Office of United States Attorneys

    Trivikram Reddy, 43, a Waxahachie nurse practitioner previously convicted of wire fraud conspiracy and sentenced to 20 years in 2021, will now forfeit over $40 million from foreign accounts into which he moved the funds, announced Acting U.S. Attorney Chad E. Meacham.  

    Following Mr. Reddy’s conviction, the government filed a civil forfeiture action alleging that Mr. Reddy and others transferred and laundered the fraud proceeds to nearly 200 bank accounts located in India.  Through forensic financial analysis, the government traced the proceeds to these accounts and obtained seizure warrants to forfeit and restrain the funds.  On Monday, March 3, 2025, after Mr. Reddy and two family members stipulated up to $41,237,703.16 of the funds’ return from India, U.S. District Judge Ada Brown issued a judgment ordering the funds to be transferred to U.S. government custody.  

    According to court documents, Mr. Reddy, a licensed nurse practitioner, devised a scheme to defraud Medicare, Blue Cross Blue Shield of Texas, Aetna, UnitedHealthcare, Humana, and Cigna.  Mr. Reddy and co-conspirators created false patient bills using the provider numbers of six doctors as the treating physicians on the claims.  All the claims were false, as none of the six doctors provided billable services to any of Mr. Reddy’s medical clinics.  In response to federal agents’ investigative inquiries, Mr. Reddy and his staff manufactured fake medical records in a failed attempt to justify the false claims.  Mr. Reddy pleaded guilty to conspiracy to commit wire fraud in October 2020.  In May 2021, Judge Brown sentenced Mr. Reddy to 20 years imprisonment and ordered over $50 million in restitution to the victims of his offense.

    The civil forfeiture case is being handled by Assistant U.S. Attorney Dimitri Rocha.  Assistant U.S. Attorney Beverly Chapman is handling the restitution.  The case was investigated by the FBI Dallas Field office and Health and Human Services-Office of Inspector General (HHS-OIG). 
     

    MIL Security OSI –

    March 5, 2025
  • MIL-OSI Russia: A monument to Heydar Aliyev will appear in Moscow in honor of the anniversary of the construction of the BAM

    Translartion. Region: Russians Fedetion –

    Source: Moscow Government – Government of Moscow –

    A memorial plaque was laid at the site of the installation of the monument to the outstanding statesman and political figure, Chairman of the USSR Council of Ministers Commission for the Construction and Development of the Baikal-Amur Mainline (BAM), twice Hero of Socialist Labor Heydar Aliyev in the park next to the Embassy of the Republic of Azerbaijan in Moscow. The ceremony was attended by the Mayor of Moscow Sergei Sobyanin, Deputy Chairman of the Government of the Russian Federation Vitaly Savelyev, Ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to the Russian Federation Rahman Mustafayev, General Director – Chairman of the Board of JSC Russian Railways Oleg Belozerov, Advisor to the General Director on a voluntary basis of JSC Russian Railways Gennady Fadeyev, President of the All-Russian public organization “BAM” Efim Basin.

    Sergei Sobyanin recalled that last year Russia celebrated a major anniversary – 50 years since the start of one of the most grandiose construction projects of the Soviet Union – the Baikal-Amur Mainline. The mainline still plays a huge role in the country’s economy.

    “The BAM Builders’ Association has asked to erect a monument to Heydar Aliyev, one of the main organizers of this construction project. The Russian government and Russian Railways have actively supported this request. The Moscow City Duma Commission has decided to support this request. Today, I have signed an order to build a monument to Heydar Aliyev here, in the park next to the Azerbaijani embassy,” said Sergei Sobyanin.

    In total, about two million people were involved in the BAM construction project. For many of them, the construction and then work on the highway became a life’s work and a feat. Heydar Aliyev not only supervised this construction on behalf of the Council of Ministers of the USSR, he lived this construction, emphasized Deputy Chairman of the Government of the Russian Federation Vitaly Savelyev.

    “And today I am happy to welcome the BAM veterans who have dedicated most of their lives to this construction. Of course, this is a landmark object for us, and we will continue the construction of the BAM in a new composition. Because it is difficult to overestimate the significance of this construction, this railway for our country. The eternal memory of Heydar Alievich Aliyev will forever be in the hearts of our people,” noted Vitaly Savelyev.

    The BAM builders remember and honor the memory of Heydar Aliyev, Efim Basin emphasized. The monument dedicated to him will be a symbol of his great service to the country.

    “Especially since it was necessary not only to build a four thousand kilometer railway, but also to develop the territory of the BAM, and this is an area under which about a third of Russia’s natural resources lie – the entire periodic table. That is why the entire country built the BAM. And many villages were built by the efforts of the Union republics and large cities of Russia, such as, for example, Tynda, built by Moscow. Leningrad built Severobaykalsk, and Azerbaijani envoys built Ulkan. But not only the Ulkan station, but also an additional Angoya, on which today there is a plaque (at the station of this station) that this is the station named after Heydar Aliyevich Aliyev. This is important for us. Even today, when passing by, train drivers give a honk in memory of this great man,” noted Efim Basin.

    For modern railway workers, BAM is a construction site where they learn, adopting the experience of their predecessors – people with prophetic and strategic vision, Oleg Belozerov emphasized.

    “Without BAM, it is impossible to transport cargo to the East today. We are learning, we honor the memory of our predecessors and are very grateful to Heydar Aliyevich Aliyev. We even consider him our railwayman, since he devoted so much time to this project, and 1974 – well, first of all, 1984 – were very difficult years for the Soviet Union. In order to complete the construction, it was necessary to have outstanding management talents. We are currently adopting this experience. We remind young people how the facility was built, what a labor feat is. Well, and we, managers, of course, remember Heydar Aliyev and try to be like him. And this monument is a great honor for us,” said Oleg Belozerov.

     

    Ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to the Russian Federation Rahman Mustafayev expressed his deep gratitude to the Government of the Russian Federation and the Government of Moscow for their attention to the memory of the national leader of Azerbaijan. He recalled that Heydar Aliyev headed strategic areas of economic, scientific, cultural and educational development in high positions in the Soviet Union.

    “I believe that the monument that is being laid today is a memory not only of Heydar Aliyev, but it is also, to a large extent, a monument to Azerbaijani-Russian friendship,” the ambassador emphasized.

    Construction of BAM

    As First Deputy Chairman of the Council of Ministers of the USSR, Heydar Aliyev supervised a large-scale infrastructure project — the Baikal-Amur Mainline. Heading the government commission, he personally visited the BAM construction site many times and made a significant contribution to the project’s implementation at the final stage.

    The Baikal-Amur Mainline is a 4,324-kilometer-long railway running through Eastern Siberia and the Far East.

    One of the largest transport arteries in the world runs north of the Trans-Siberian Railway. The strategic advantage of the BAM is that it is located in the depths of the country at a distance of 700-1000 kilometers from the state border.

    The BAM plays a vital role in the development of Siberia, the Far East and the Far North. It has enabled the richest deposits of coal, iron ore, tin, gold, copper, molybdenum, oil and gas to be put into circulation, and this powerful raw material base to be used for the operation of plants, factories, plants and the long-term development of domestic industry. At the turn of the 21st century, the BAM helped open the markets of the Asia-Pacific region for the Russian economy and provided a reliable transit route for all of Eurasia. Together with the Trans-Siberian Railway, it has become a strategic transport corridor of not only national but also global significance.

    On April 26, 2023, a solemn ceremony was held at the Yaroslavsky railway station in the capital at the memorial plaque to the BAM builders. That same year, an exhibition dedicated to the 100th anniversary of Heydar Aliyev and his contribution to the implementation of the project opened at the Kazansky railway station.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    https: //vv.mos.ru/mayor/tkhemes/1244505/

    MIL OSI Russia News –

    March 5, 2025
  • MIL-OSI United Nations: Secretary-General’s remarks at the Extraordinary Arab Summit on the situation in the Middle East/Gaza [scroll down for Arabic]

    Source: United Nations secretary general

    Your Majesties, Your Highnesses, Excellencies, all protocols observed.

    President El-Sisi, thank you for convening leaders from across the Arab world to unite at this Extraordinary Arab Summit dedicated to Palestine.

    Since the horrific attacks by Hamas in Israel on October 7, the ensuing Israeli military operations have unleashed an unprecedented level of death and destruction in Gaza, generating an immense trauma.

    Palestinians in Gaza have suffered beyond measure.

    And the risk of even greater devastation looms. 

    This Summit is an important signal that the world has a collective responsibility to support efforts to end this war, relieve profound human suffering and secure lasting peace.

    In the last few weeks, we have witnessed a meaningful improvement with the ceasefire and the hostage deal.

    Since the start of the implementation of the first phase of the ceasefire, Palestinian civilians in Gaza have experienced reprieve. Hostages were released and humanitarian aid dramatically increased.

    I urge the parties to uphold their commitments and implement them in full, and Member States to use all the leverage they have to support this, especially as we start the Holy Month of Ramadan.

    We must avoid at all costs the resumption of hostilities that would plunge the millions back into an abyss of suffering and further destabilize the region. And simultaneously, the territorial integrity of Lebanon and Syria must be respected.

    Serious negotiations for the ceasefire in all its facets must be resumed without delay.

    All hostages must be released — immediately, unconditionally and in a dignified manner.

    The release of Palestinian detainees must be carried out per the terms of the deal and also in a dignified way.

    The parties must ensure humane treatment for all those held under their power.

    And all obstacles to the effective delivery of lifesaving aid must be removed.

    Humanitarian aid is not negotiable. It must flow without impediment. The response needs to be adequately funded, and civilians — including humanitarians — must be protected.

    The United Nations has proven, together with our partners, namely the Egyptian Red Crescent, with access, the UN-coordinated response can deliver aid that people need.

    Your Majesties, Your Highnesses,
    Excellencies,

    Ending the immediate crisis is not enough.

    We need a clear political framework that lays the foundation for Gaza’s recovery, reconstruction and lasting stability. 

    That framework must be based on principles and respect for international law.

    Israel’s legitimate security concerns must be addressed, but that should not be through long-term Israeli military presence in Gaza.

    And I want to once again salute the dedication of UN staff and all other humanitarian workers — particularly, Palestinian colleagues — who have suffered so much and are working under near-impossible conditions.

    I appeal for the urgent and full support of UNRWA’s work, including financial support.

    Excellencies,

    Finally, as we widen the lens beyond Gaza, we see an alarming situation unfolding in the West Bank.
     
    Israeli security forces have launched large-scale operations, including airstrikes and also the deployment of tanks for the first time in over two decades.

    Over 40,000 Palestinians have been forcibly displaced in the last month — the largest displacement in the West Bank in decades.

    Meanwhile, demolitions, evictions and settlement expansions continue, with settler violence is on the rise.

    All of this is further weakening the Palestinian Authority at a time when its role is more crucial than ever.

    I call for urgent de-escalation.

    Unilateral actions, including settlement expansion and threats of annexation, must stop.

    The attacks and mounting violence must end.

    Israel, as the occupying power, must comply with all its obligations under international law, including international humanitarian law.

    And the Palestinian Authority must be supported to govern effectively, and to do so in compliance with its own obligations under international law.

    Excellencies,

    The true foundation of recovery in Gaza will be more than concrete and steel.

    It will be dignity, self-determination and security. 

    This means staying true to the bedrock of international law.

    It means rejecting any form of ethnic cleansing.

    And it means forging a political solution.

    There is no sustainable future for Gaza that is not part of a viable Palestinian State.

    There can be no recovery without an end to the occupation.

    No justice without accountability for violations of international law.

    And no sustainable reconstruction without a clear and principled political horizon.

    The Palestinian people must have the right to govern themselves, to chart their own future, and to live on their land in freedom and security.

    There must be irreversible steps now toward the realization of the two-State solution — before it’s too late.

    The only path to lasting peace is one where two states — Israel and Palestine — live side-by-side in peace and security, in line with international law and relevant UN resolutions, with Jerusalem as the capital of both states.

    The United Nations stands with you in this essential effort. 

    Thank you.

    *** 

              أصحاب الجلالة والسمو والفخامة والمعالي،  مع حفظ الألقاب
             
    فخامة الرئيس السيسي، أشكركم على جمع القادة من مختلف أنحاء العالم العربي للتوحد في هذه القمة العربية الاستثنائية المخصصة لفلسطين.

              فمنذ الهجمات المروعة التي شنتها حماس في إسرائيل في 7 تشرين الأول/أكتوبر، أحدثت العمليات العسكرية الإسرائيلية التي أعقبت ذلك مستوى غير مسبوق من الموت والدمار في غزة.
              ولقد عانى الفلسطينيون في غزة معاناةً تفوق الوصف.

              وهم مهددون الآن بالتعرض لمستوى أفدح من الدمار.

              إن انعقاد هذه القمة يمثل دلالة هامة على أن على العالم تقع مسؤولية جماعية لدعم الجهود الرامية إلى إنهاء هذه الحرب وتخفيف المعاناة الإنسانية الهائلة والتوصل إلى سلام دائم.

              لقد شهدنا في الأسابيع القليلة الماضية تحسناً ملموساً مع وقف إطلاق النار وصفقة الرهائن.

              فمنذ بدء تنفيذ المرحلة الأولى من وقف إطلاق النار، شهد المدنيون الفلسطينيون في غزة انفراجاً في الأوضاع. وتم الإفراج عن رهائن وزادت المساعدات الإنسانية بشكل كبير.

              وأحث الأطراف على التمسك بالتزاماتها وتنفيذها بالكامل، كما أحث الدول الأعضاء على استخدام كل ما لديها من نفوذ لدعم ذلك، خاصةً ونحن نستهل شهر رمضان المبارك.

              ويجب علينا أن نتجنب بأي ثمن استئناف الأعمال العدائية التي من شأنها أن تغرق الملايين مرة أخرى في هاوية المعاناة وتزيد من زعزعة الاستقرار في المنطقة. وفي الوقت نفسه، يجب احترام وحدة أراضي لبنان وسوريا.

              ويجب استئناف المفاوضات الجادة لوقف إطلاق النار بجميع جوانبه دون تأخير.

              ويجب إطلاق سراح جميع الرهائن – فورا ودون شروط وبطريقة كريمة.

              يجب أن يتم الإفراج عن المعتقلين الفلسطينيين وفقا لشروط الصفقة وبطريقة كريمة أيضا.

              ويجب على الأطراف ضمان المعاملة الإنسانية لجميع المحتجزين الخاضعين لسلطتهم.

              ويجب إزالة جميع العقبات التي تحول دون إيصال المساعدات المنقذة للحياة بشكل فعال.

              المساعدات الإنسانية غير قابلة للتفاوض. يجب أن تتدفق دون عوائق. ويجب تمويل الاستجابة بشكل كافٍ، ويجب حماية المدنيين – بمن فيهم العاملون في المجال الإنساني.

              ولقد أثبتت الأمم المتحدة، بالتعاون مع شركائها وعلى وجه الخصوص الهلال الأحمر الفلسطيني، أن الاستجابة التي تتم بتنسيق منها يمكنها، إذا أتيح لها الوصول، أن توفر المساعدة التي يحتاجها الناس.

              أصحاب الجلالة والسمو والفخامة والمعالي،

              إن إنهاء الأزمة الحالية لا يكفي.

              فنحن بحاجة إلى إطار سياسي واضح يرسي الأساس لتعافي غزة وإعادة إعمارها واستقرارها الدائم.

              ويجب أن يستند هذا الإطار إلى مبادئ القانون الدولي واحترامه.

              يجب معالجة مخاوف إسرائيل الأمنية المشروعة، لكن لا ينبغي أن يكون ذلك عبر وجود عسكري إسرائيلي طويل الأمد في غزة.

              ويجب أن تظل غزة جزءاً لا يتجزأ من دولة فلسطينية مستقلة وديمقراطية وذات سيادة – دون أي تقليص لأراضيها أو ترحيل قسري لسكانها.

              ويجب أن تكون غزة والضفة الغربية – بما فيها القدس الشرقية – موحدة سياسياً واقتصادياً وإدارياً من قبل السلطة الفلسطينية التي تحظى بقبول الشعب الفلسطيني ودعمه.

              ويجب أن تكون أي ترتيبات انتقالية مصممة لتحقيق حكم فلسطيني موحد ضمن إطار زمني محدود ومتفق عليه.

              أصحاب الجلالة والسمو والفخامة والمعالي،

              إني أرحب بالجهود التي يقودها العرب لحشد الدعم لإعادة إعمار غزة وأؤيد تلك الجهود بقوة، والتي تم التعبير عنها بوضوح في هذه القمة.

              وتقف الأمم المتحدة على أهبة الاستعداد للتعاون الكامل في هذا المسعى.

              ونحن ندرك أن إعادة الإعمار تتطلب حوكمة وترتيبات أمنية يمكن أن تساعد في ضمان مستقبل أكثر إشراقاً واستقراراً للفلسطينيين والإسرائيليين على حد سواء.

              وندرك أيضا الدور الحاسم الذي تقوم به الأونروا التي تواصل تقديم خدماتها في أحلك الظروف.

              وأود مرة أخرى أن أحيي تفاني موظفي الأمم المتحدة وجميع العاملين في المجال الإنساني – وخاصة الزملاء الفلسطينيين – الذين عانوا كثيرا ويعملون في ظروف شبه مستحيلة.

              إنني أدعو إلى تقديم الدعم العاجل والكامل لعمل الأونروا، بما في ذلك الدعم المالي.

              أصحاب الجلالة والسمو والفخامة والمعالي،

              وأخيراً، فإننا إذا ما وسعنا نطاق البصر إلى ما هو أبعد من غزة، نرى وضعاً مثيرا للجزع يتكشف في الضفة الغربية.

              فقد شنت قوات الأمن الإسرائيلية عمليات واسعة النطاق، بما في ذلك الغارات الجوية فضلا عن نشر الدبابات لأول مرة منذ أكثر من عقدين من الزمن.

              وتم تهجير أكثر من 40،000 فلسطيني قسراً خلال الشهر الماضي – وهي أكبر عملية تهجير تتم في الضفة الغربية منذ عقود.

              وفي الوقت نفسه، تتواصل عمليات الهدم والإخلاء والتوسع الاستيطاني، بينما عنف المستوطنين في تزايد.

              كل هذا يزيد من إضعاف السلطة الفلسطينية في وقت أصبح فيه دورها أكثر أهمية منه في أي وقت مضى.

              إنني أدعو إلى التعجيل بخفض التصعيد.

              ويجب أن تتوقف الأعمال أحادية الجانب، بما في ذلك التوسع الاستيطاني والتهديدات بضم الأراضي.

              ويجب أن تنتهي الهجمات والعنف المتصاعد.

              ويجب على إسرائيل، بصفتها سلطة قائمة بالاحتلال، أن تتقيد على نحو صارم بجميع التزاماتها بموجب القانون الدولي، بما في ذلك القانون الدولي الإنساني.

              ويجب دعم السلطة الفلسطينية لكي تباشر مهام الحكم بفعالية، ولكي تقوم بذلك وفقاً لالتزاماتها بموجب القانون الدولي.

              أصحاب الجلالة والسمو والفخامة والمعالي،

              إن الأساس الحقيقي للتعافي في غزة أكبر من الخرسانة والفولاذ.

              إنه الكرامة وتقرير المصير والأمن.

              وهذا يعني الالتزام بأساس القانون الدولي.

              ويعني رفض أي شكل من أشكال التطهير العرقي.

              ويعني بلورة حل سياسي.

              فلن يكون هناك مستقبل مستدام لغزة إلا كجزء من دولة فلسطينية قابلة للحياة.

              ولن يكون هناك تعافٍ إلا إذا انتهى الاحتلال.

              ولن تكون هناك عدالة إلا إذا جرت المساءلة عن انتهاكات القانون الدولي.

              ولن تكون هناك إعادة إعمار مستدامة إلا مع أفق سياسي واضح ومحكوم بمبادئ.

              يجب أن يكون للشعب الفلسطيني الحق في أن يحكم نفسه بنفسه، وأن يرسم مستقبله بنفسه، وأن يعيش على أرضه في حرية وأمان.

              ويجب القيام الآن بخطوات لا رجعة فيها نحو تحقيق حل الدولتين – قبل فوات الأوان.

              إن الطريق الوحيد للسلام الدائم هو ذلك الذي فيه تعيش دولتان – إسرائيل وفلسطين – جنباً إلى جنب في سلام وأمن، بما يتماشى مع القانون الدولي وقرارات الأمم المتحدة ذات الصلة، وتكون فيه القدس عاصمةً للدولتين كلتيهما.

              وأُعلن وقوف الأمم المتحدة إلى جانبكم في هذا الجهد الأساسي.

              شكراً لكم.

    MIL OSI United Nations News –

    March 5, 2025
  • MIL-OSI USA: ICE Laredo, federal partner investigation results in the arrest of a Texas woman for attempting to smuggle 9-year-old twins through Laredo

    Source: US Immigration and Customs Enforcement

    LAREDO, Texas – A Texas woman was charged with conspiring to transport, attempting to transport and transporting two illegal alien minors illegally in the United States for financial gain following an investigation conducted by U.S. Immigration and Customs Enforcement Laredo Office. ICE worked this case in coordination with U.S. Border Patrol Laredo Sector.

    Jovanna Netzay Diaz, 31, from Dallas, is expected to make her initial appearance before U.S. Magistrate Judge Renee Harris Toliver in Dallas. She will then be expected in Laredo federal court shortly thereafter.

    A federal grand jury returned the three-count indictment Feb. 19 which was unsealed upon her arrest Feb. 27.

    According to court documents, the charges allege that on Oct. 26, 2024, Diaz arrived at the Border Patrol checkpoint in Laredo. Upon initial inspection, authorities allegedly observed a blanket moving between the second and third row of the vehicle. Law enforcement soon found one minor underneath the blanket and another concealed on the floorboard of the vehicle’s front passenger seat, according to the charges. The minors were allegedly determined to be nine-year-old twins, who were nationals and citizens of Mexico with no familial connection to Diaz.

    If convicted, Diaz faces up to 10 years in federal prison as well as a $250,000 maximum possible fine.

    Assistant U.S. Attorney Melissa A. Lopez from the Southern District of Texas is prosecuting the case.

    An indictment is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.

    MIL OSI USA News –

    March 5, 2025
  • MIL-OSI Global: Gaza ceasefire deal looks doomed as Israel blockades Strip and bars entry of humanitarian aid

    Source: The Conversation – UK – By Scott Lucas, Professor of International Politics, Clinton Institute, University College Dublin

    When Israel signed a ceasefire deal with Hamas in Gaza on January 15, the agreement was structured in three phases. Phase one, a six-week period in which Hamas would release hostages in return for Israel releasing Palestinians detained in its jails, ended on March 1.

    The shaky deal has held for the full six weeks – just. At one point Hamas threatened to halt the exchange of hostages when it said Israel was breaching the terms of the deal. The Netanyahu government responded – with US backing – by threatening to end the ceasefire in mid-February, saying that Hamas was not living up to its side of the deal.

    The hostage releases have continued, although Israelis have been shocked and angered at the condition of some of the hostages after 17 months in captivity. Hamas has also taken advantage of the world’s gaze during hostage releases to stage large parades of its fully armed fighters.

    On March 1, as stage one of the deal was due to end, Benjamin Netanyahu ordered a full blockade of humanitarian aid entering Gaza. Middle East expert, Scott Lucas, answered our questions as to what is happening and how this situation may play out.

    Why has Israel decided to block humanitarian aid to Gaza?

    The Netanyahu government’s blocking of humanitarian aid to Gaza’s population is part of a scheme to avoid a phase two of the ceasefire, while putting pressure on Hamas to extend phase one.

    That would allow the Israeli government to pursue the return of the remaining 59 hostages, alive or dead, held by Hamas while avoiding the requirements of phase two – notably the withdrawal of the Israeli military from Gaza and the restoration of a Palestinian government in Gaza.

    Of course, those who will pay the cost are more than 2.2 million Gazans, around 90% of whom have been displaced amid 17 months of mass killing. But Israel’s leaders are counting on that causing little concern, or at least significant action, by the international community.

    Wasn’t the ceasefire deal dictated by a timetable?

    Phase one of the agreement only stipulated that discussions for a phase two to begin within 14 days of implementation, which would have been about the start of February.

    But the Netanyahu government reportedly sent mediators to Qatar without the authority to discuss phase two, only to ensure that hostage releases continued. The limit of its cooperation has been sending representatives to Egypt and conferring with Donald Trump’s Middle East envoy Steve Witkoff, with current discussions suggesting little prospect of agreeing phase two.

    What is driving Netanyahu’s decision-making right now?

    Netanyahu’s vow has been “absolute victory over Hamas”. But as there is no sign that Hamas is going to disband – or even that its leaders will leave the Gaza – there is zero chance of that happening in phase two.

    That assessment is compounded by pressure on Netanyahu from hard-right ministers and supporters, such as finance minister Bezalel Smotrich and former national security minister, Itamar Ben-Gvir. Their powerful hard-right factions only accepted phase one if there was no follow-up and certainly no return to the aim of allowing Palestinian self-determination in Gaza.

    On the other side, Netanyahu faces families of hostages and their supporters, who say the priority must be the return of those held by Hamas. Thus the “solution”, proposed by the US and backed by the Israeli government is for a six-week extension until the end of Ramadan and Passover, or until April 20. Half the hostages would be released on day one of the extension and the remainder once a permanent ceasefire is agreed.

    Hamas is unlikely to agree to that provision, as the hostages are their only leverage in discussions for a lasting ceasefire and their continued place in Gaza. But Netanyahu can frame their refusal in such as way as to blame Hamas for not wanting a peaceful solution and as an excuse for resuming military operations.

    Where is the White House in all this?

    For now Netanyahu can count on US backing for the pressure on Hamas and the extension of phase one.

    Donald Trump’s ego trip was to claim credit for the phase one ceasefire. Since then, he and his officials have shown little interest in supporting a phase two. Instead, the US president has proposed what would amount to an ethnic cleansing of Gazans – removing and relocating them to other Arab countries to make way for his dream of a “Middle East Riviera” on the coast.

    He shared a bizarre AI-generated video with a vision of “Trump Gaza”, complete with a gilded, giant statue of him as he and Netanyahu sit topless and sip drinks on the beach amid bearded belly-dancers.

    Perhaps widespread Israeli military operations, and the consequent mass killing of civilians, would dent Trump’s “peacemaker” image. But it is likely that Israel could get US officials to back the “Blame Hamas” rationale. And, meanwhile, the administration is fine with the Israelis expanding their military presence and settlements in the West Bank.

    What about the Arab world?

    After more than a year of negotiations, the phase one settlement brought some relief to Egypt and Qatar, the chief sites of discussions. Jordan, always at risk of being unsettled by assaults on Palestinians, encouraged further talks. Gulf States, their plans for “normalisation” with Israel in tatters, could envisage a gradual return to the process.

    But all of this has foundered on the lack of possibility for phase two. Most Arab leaderships have no affection for Hamas, but with no clear Palestinian alternative, they have no appetite for contributing to the necessity security arrangements.

    So the easy option for now is to condemn the excesses of others, such as Trump’s ethnic cleansing whim or Netanyahu’s threat of renewed attacks. The tougher option is to envisage any untangling of the knot around Israeli occupation and Gaza governance.

    That may mean that, without giving an endorsement, most Arab States will be happy with the kicking of the can down the road in a phase one extension.

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

    – ref. Gaza ceasefire deal looks doomed as Israel blockades Strip and bars entry of humanitarian aid – https://theconversation.com/gaza-ceasefire-deal-looks-doomed-as-israel-blockades-strip-and-bars-entry-of-humanitarian-aid-251280

    MIL OSI – Global Reports –

    March 5, 2025
  • MIL-OSI Global: ‘I’ve never paid myself’: why the reality for female entrepreneurs doesn’t always match the rhetoric

    Source: The Conversation – UK – By Sarah Marks, Lecturer in HRM and Organisational Behaviour, Swansea University

    BongkarnGraphic/Shutterstock

    Inspiring stories of female entrepreneurs are a familiar part of International Women’s Day. Typically, these portraits follow a narrative arc of adversity, resilience, passion and success. The message is that women are skilled, resourceful and successful entrepreneurs.

    However, one thing you are unlikely to learn from these role model stories is how much (or perhaps more pertinently, how little) money the founder pays herself. While this partly reflects taboos on discussing money, it contributes to a gendered veil of silence regarding the very poor personal incomes of most women entrepreneurs.

    My research on female founders in the UK suggests that entrepreneurship rarely pays for women. It may also exacerbate gendered financial precarity, particularly as women get older. This hidden picture of women’s entrepreneurial poverty will form part of my submission to the UK government’s public inquiry into female entrepreneurship this spring.

    I spent two years interviewing more than 50 women in London from various backgrounds. They had established their enterprises in diverse sectors, with the hope of generating at least a living-wage income.

    But a self-sustaining income proved an elusive goal for most. Only four had matched or surpassed their former salary in employment. This was less than 8% of my sample. A further three managed to bring in about £2,000 a month – similar to a living-wage income in London at the time.

    Eight women paid themselves (sometimes) around £1,000 a month, despite working for their business full time. A similar number generated up to £100 a week. The rest – more than half the sample – took no income at all.

    While some were in early-stage entrepreneurship, many had been investing labour and resources into their venture for four or more years without generating pay for themselves. Some women were supported by partners or savings, others relied on state benefits, paid employment or drastically reduced their living standards.

    Lian, for example, moved into her business premises to slash her living costs. Lucy had not socialised for four years and Rebecca complained that her house was “falling apart”.

    Bleak about the future

    Coping on a low entrepreneurial income was not simply a question of foregoing discretionary spending. At 49, Rebecca admitted she often felt “really bleak about the lack of a pension”, while Lucy, 39, worried that she would end up “penniless in the gutter”. As few women were investing in a pension, the research suggests that, in the UK at least, women’s entrepreneurship could worsen both gender income gaps and long-term financial equality.

    Notably, most women had received support from enterprise programmes and business advisers. Four women took loans from the UK government’s Start-up Loan Company, which lends up to £25,000 at commercial rates, and targets non-traditional founders such as women and young people.

    However, three had returned to paid employment to service the loan, reducing the time they had to grow the business. This included Stacie, who said: “Forget my time, I’ve never paid myself. Never. Basically, the money that came in went straight back to the loan.” Stacie’s entrepreneurship journey had nonetheless been packaged into a celebratory success story on the Start-Up Loan’s website.




    Read more:
    How the gender pay gap evolves into a gender pension gap


    Analysing social patterns in household economic structures and women’s entrepreneurial income suggests two things.

    First, it is now relatively easy for women in the UK to borrow money to start a business. But it is very difficult for them to raise enough funds to develop an income-generating enterprise.

    Second, women who had salaried partners or family wealth could afford to invest their labour into growing their business. This gives them a substantial advantage over single women. Single mothers especially face a stark choice between investing their time in their business or in employment to meet household needs.

    While many male entrepreneurs also struggle to generate income, my research highlights specific gendered issues.

    Notably, gendered norms around social value mean women often disguise disappointment with low incomes and make a virtue out of non-financial rewards.

    Reflecting on the £100 a week she earned from her craft business, Maggie said: “I just love … talking to people and hearing about their lives and just having a good chat.” But having a good chat does not pay bills. Maggie, a widower, was anxious to grow the business to replace her former income of £38,000 a year and come off benefits.

    Second, fear of violating gendered norms may inhibit some women from pursuing profit. Most women were adamant they must not appear “greedy”.

    Greta, for example, had switched her for-profit business plan to a social value buy-one-give-one model because she feared that being seen as “profiteering” would derail her brand story. Yet, the extra costs of a social-value buiness model imposed serious constraints on her future income.

    The income disappointment of female entrepreneurs can be overlooked when their stories are repackaged into inspirational stories of innovation.
    Me dia/Shutterstock

    The income disappointment women revealed is not reflected in the public discourse. Lian, Stacie and many other non-earning interviewees were publicly hailed as successful, contented, female entrepreneurial role models at enterprise events as well as in digital and traditional media outlets.

    As Deanna remarked: “Founders are the new celebrities.” Such role model stories, devoid of any facts about income, feed a pernicious myth that entrepreneurship is a desirable, feasible and sustainable career for all women.

    But my research also indicates ways of approaching the hidden financial impact. We need much better evidence about incomes for women business owners – and we need to make this public. Conversations about what holds women back from talking about the income they need is important. Paying yourself a decent income is not greed.

    It should also be made clear that social value goals can harm income prospects.

    And, given the UK’s goals of financial equality, we should be honest and ask if encouraging women to open businesses is even the right thing to do.

    All research participants’ names have been changed.

    Sarah Marks received funding from the Economic and Social Research Council for this research.

    – ref. ‘I’ve never paid myself’: why the reality for female entrepreneurs doesn’t always match the rhetoric – https://theconversation.com/ive-never-paid-myself-why-the-reality-for-female-entrepreneurs-doesnt-always-match-the-rhetoric-249189

    MIL OSI – Global Reports –

    March 5, 2025
  • MIL-OSI Global: Gifts from top 50 US philanthropists rebounded to $16B in 2024 − Mike Bloomberg; Reed Hastings and Patty Quillin; and Michael and Susan Dell lead the list of biggest givers

    Source: The Conversation – USA – By David Campbell, Professor of Public Administration, Binghamton University, State University of New York

    Mike Bloomberg speaks at the Global Renewables Summit in September 2024. Bryan Bedder/Getty Images for Bloomberg Philanthropies

    The 50 American individuals and couples who gave or pledged the most to charity in 2024 committed US$16.2 billion to foundations, universities, hospitals and more. That total was 33% above an inflation-adjusted $12.2 billion in 2023, according to the Chronicle of Philanthropy’s latest annual tally of these donations. Media mogul and former New York City Mayor Mike Bloomberg led the list, followed by Netflix co-founder and chairman Reed Hastings, along with his wife, Patty Quillin. Businessman Michael Dell and his wife, Susan Dell, pledged the third most in 2024.

    Neither MacKenzie Scott nor Elon Musk, both of whom announced donations large enough to land them on this list, provided enough information for the Chronicle to include them. Musk didn’t name the nonprofits to which he gave stock, and Scott declined to confirm how much money she put into the donor-advised funds through which she gives. Known as DAFs, these funds are savings accounts reserved for charitable giving.

    The Conversation U.S. asked David Campbell, Lindsey McDougle and Susan Appe, three philanthropy scholars, to assess the significance of these gifts and to consider what they indicate about the state of charitable giving in the United States.

    What trends stand out overall?

    Appe: I think it’s good to see that eBay founder Pierre Omidyar, an Iranian-American entrepreneur born in France, with his wife Pam, are among the top 12 donors. Omidyar is the only foreign-born philanthropist on this list who reported giving to democracy promotion in the U.S. through his Democracy Fund. The Omidyars also funded the AI Collaborative, a group that promotes artificial intelligence governance based on democratic values, and their Omidyar Network, an organization promoting responsible technology.

    Given concerns about democratic backsliding around the world, which could arguably include President Donald Trump’s efforts to expand the executive branch’s power, I’m surprised not to see more top donors clearly funding democracy promotion.

    I study philanthropy by U.S. immigrants. They either give more or at the same rate as people born in the United States.

    Omidyar is one of seven immigrants among 2024’s top U.S. donors. The others are Herta Amir, who was born in what was then Czechoslovakia; Sergey Brin, a Russian immigrant; the Pagidipati family, which came from India; K. Lisa Yang, who was born in Singapore; Michele Kang, who immigrated from South Korea; and Joe Wen, a Taiwanese immigrant.

    In 2024, as in most years, many of these wealthy donors supported prestigious universities and large hospitals and stowed millions in their own foundations and donor-advised funds. Although it’s impossible to predict exactly what their foundations and DAFs will support in the future, history suggests that they’re unlikely to focus on addressing systemic issues such as economic inequality.

    McDougle: It doesn’t appear that any of these top 50 donors are Black or Latino. This lack of representation is undoubtedly a reflection of broader societal disparities and may influence how individuals from these groups perceive their own potential as philanthropists.

    Philanthropic capacity often correlates with wealth accumulation, and significant gaps in wealth between racial groups are likely to have a direct influence on who we see in the Philanthropy 50. Black families, for instance, possess just 15% of the wealth of white families, while Hispanic families have only about 22%. These wealth disparities likely prevent many Black and Latino Americans from having the wealth necessary to engage in large-scale philanthropy.

    This reality highlights the need for the nation’s leading philanthropists to fund initiatives that focus on addressing systemic barriers to economic equality. MacKenzie Scott has been doing this through the millions of dollars she has donated to support racial equity and economic mobility.

    Addressing these disparities also involves changing the narrative around who is considered a philanthropist. As I have argued before, underrepresented groups may not always see themselves as philanthropists, partly due to limited resources and the historical portrayal of philanthropy as the domain of the wealthy. But by redefining philanthropy to include a broader spectrum of giving, philanthropy can play a pivotal role in leveling the playing field and creating more opportunities for all.

    What surprises you about the biggest donors?

    Appe: The absence of Oracle co-founder Larry Ellison, Google co-founder Larry Page and former Microsoft CEO Steve Ballmer also stands out due to the presence of many other tech billionaires, including Mark Zuckerberg and Bill Gates, on this list.

    Campbell: In addition to Elon Musk, a South African immigrant, not making this list for the second year in a row – even though he is the richest person in the world – Jeff Bezos isn’t listed either. Few private citizens have sought to change American society more than they have – Musk most recently through his role in the so-called Department of Government Efficiency and Bezos through actions he takes as the owner of The Washington Post and the founder of Amazon, among other initiatives.

    I believe that it is worth asking why neither of these men, who rank among the wealthiest Americans, made the list this year. While Musk gave too little information to make the list, his previous giving choices raise questions about his commitment to philanthropy as a way to advance the public good. In 2022 and 2023, for example, his foundation gave away less money than required by law and supported organizations that benefit him and his interests, such as schools attended by his children.

    Bezos, by contrast, got a lot of attention in 2022 when he announced he would give away his fortune during his lifetime. Yet his giving has come in fits and starts since 2018, when he began to give away billions of dollars to support people experiencing homelessness, preschools for low-income children and efforts to fight climate change.

    Do you have concerns about the big gifts these donors provide?

    McDougle: The nonprofits receiving these large donations can end up in a precarious situation if that funding suddenly stops. When nonprofits rely too heavily on a few wealthy donors, they may be forced to make abrupt decisions like cutting crucial programs or laying off staff. Obviously, this underscores a core problem with overdependence on these types of major gifts: They can leave nonprofits in a bind and unable to sustain their operations without continued long-term support.

    This is particularly problematic if it affects a nonprofit’s ability to engage in long-term planning. As such, when focusing on the giving of the super rich, it is important to consider not just the immediate benefits of their generosity but also the potential instability it can create for the recipients if their gift is not managed strategically.

    Campbell: The total given by America’s top donors in 2024 was the sixth-highest in the past decade, after adjusting for inflation. I’d expected to see a larger amount, given that 2024 was the second straight year of stock market gains of 20% or more.

    In 2020, when the COVID-19 pandemic began, the top donors gave nearly twice as much to charity as they did this past year; and they gave close to $8 billion more than that in 2021. Why haven’t the wealthiest Americans sustained that level?

    Giant gifts to universities, museums and hospitals are surely making a meaningful difference in America and the world. But I wonder why these donors tend not to focus on the challenges facing those who have the least.

    One significant exception is the $1 billion Ruth Gottesman gave the Bronx-based Albert Einstein College of Medicine to allow the school to become tuition-free. Gottesman, a former faculty member at the school, chose to honor and support the many first-generation and low-income students trained there. Bloomberg, upping his commitment to ease the tuition burden at Johns Hopkins University, made a similar gift to the medical school at his alma mater and four medical schools at historically black colleges and universities.

    To be sure, some of these philanthropists use the foundations they or their relatives control to help meet the basic needs of Americans struggling to get by and address issues such as poverty, disease prevention and criminal justice reform. Melinda French Gates, Warren Buffett, and John and Laura Arnold all directed much of their giving in 2024 to those kinds of foundations.

    What do you expect or hope to see in 2025 and beyond?

    Appe: The Trump administration has frozen most U.S. foreign aid, endangering the lives of millions of the world’s poorest people. There are calls for the wealthiest philanthropists to help to fill this void. I hope some big donors respond with large gifts to UNICEF, the United Nations agency for children, and the WHO Foundation, which supports the World Health Organization.

    Top philanthropists have been slow to react so far. However, the MacArthur Foundation just announced plans to increase its giving over the next two years. MacArthur president John Palfrey said this is a response to what he called a “major crisis” brought on by the Trump administration’s spending cuts. I will observe whether other foundations or some of the wealthiest Americans follow suit.

    Still, philanthropy cannot fill all these gaps. The $60 billion in foreign aid cuts represent a sliver of the trillions the Trump administration wants to slice from the federal budget. If it succeeds, donors will have countless other priorities.

    Campbell: Events that took place during the first Trump administration, like the murder of George Floyd, the erosion of democratic norms and the separation of immigrant families, led philanthropists to embrace giving that addressed these issues, notably diversity, equity and inclusion initiatives. In the early days of the second Trump administration, prominent donors like Mark Zuckerberg have enthusiastically backtracked on their own DEI policies. I am now watching how other donors position themselves relative to the Trump administration’s objectives – as cheerleaders, combatants or something in between.

    The Bill & Melinda Gates Foundation and Arnold Ventures have provided funding for The Conversation U.S. in the past. The Gates foundation currently provides funding for The Conversation internationally.

    David Campbell receives grants from the Learning by Giving Foundation and the Conrad and Virginia Klee Foundation to support the experiential philanthropy course he teaches at Binghamton University. He also serves as the chair of the Klee Foundation board.

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

    – ref. Gifts from top 50 US philanthropists rebounded to $16B in 2024 − Mike Bloomberg; Reed Hastings and Patty Quillin; and Michael and Susan Dell lead the list of biggest givers – https://theconversation.com/gifts-from-top-50-us-philanthropists-rebounded-to-16b-in-2024-mike-bloomberg-reed-hastings-and-patty-quillin-and-michael-and-susan-dell-lead-the-list-of-biggest-givers-250577

    MIL OSI – Global Reports –

    March 5, 2025
  • MIL-OSI: The Victory Bank Announces Upcoming Opening of Second Retail Branch, Bringing Personalized Banking Closer to You

    Source: GlobeNewswire (MIL-OSI)

    LIMERICK, Pa., March 04, 2025 (GLOBE NEWSWIRE) — The Victory Bank, renowned for its customer-first approach, is thrilled to announce the grand opening of its second retail branch in Horsham, Pennsylvania, slated for April 1, 2025. Known for its unique commitment to personalized service, The Victory Bank stands apart by offering direct, live interactions with its team—no automated phone systems, no voice mails, just real people ready to assist. In an era where many businesses are shifting towards self-service models, The Victory Bank remains steadfast in its belief that banking should be human and personal.

    This new branch will uphold the Bank’s promise of exceptional, one-on-one service, providing customers with the same level of care and attention that has earned The Victory Bank its stellar reputation. Whether you’re calling for assistance or stepping into the branch, the focus will always be on you—the customer. The Victory Bank is dedicated to ensuring that, no matter how technology evolves, your experience remains connected, direct, and tailored to your needs.

    Located at 100 Gibraltar Road, Horsham, PA 19044, this new branch will bring The Victory Bank’s signature banking experience closer to even more members of the community. The Bank’s focus on delivering a hassle-free, customer-first experience has earned it a loyal following, and this expansion marks an exciting step toward serving more people in the area.

    Joseph Major, CEO and Bank Leader, stated, “At The Victory Bank, we do things differently. When you call, you’ll connect directly with a friendly, knowledgeable representative—no voicemail or wait times. We’re excited to bring our customer-focused, personalized service to the Horsham area and offer real solutions at our new branch. Our business loans are ‘custom-underwritten,’ allowing us to gain a deep, personal understanding of each client, their unique preferences, and needs, ensuring we offer the best possible solutions tailored just for them. In addition to traditional services like checking and savings accounts, home equity loans, and personal loans, the new branch will continue offering customized financial guidance that has made the Bank a local favorite, whether you’re opening your first account, exploring loan options, or growing your business.”

    Stay tuned for details about The Victory Bank’s Grand Opening Celebration, taking place June 2–6, 2025. The week-long event will feature exciting promotions, giveaways, and opportunities to meet the team dedicated to serving the community’s financial needs. For more information about The Victory Bank and its new branch, visit VictoryBank.com or call 610-948-9000.

    “We’re not just opening another branch; we’re opening a new chapter in our community,” said Elizabeth Knott, Branch Manager. “We look forward to welcoming both new and longtime customers to our second location and continuing our commitment to always being there for you.”

    With the new location opening soon, the Bank is expanding its team. Interested candidates can explore current job openings and apply— click here for more details.

    About The Victory Bank

    Founded in 2008, The Victory Bank is a Pennsylvania state-chartered commercial bank headquartered in Limerick Township, Montgomery County. It offers a full range of banking services, including checking and savings accounts, home equity lines of credit, and personal loans. In addition to traditional banking, the Bank specializes in high-quality business lending, serving small and mid-sized businesses and professionals. With three offices across Montgomery and Berks Counties, it is dedicated to meeting the financial needs of the local community. For more information, visit its website at VictoryBank.com. FDIC-Insured.

    Joseph W. Major,
    Bank Leader and Chief Executive Officer

    610-948-9000

    The Victory Bank.
    548 N. Lewis Rd.
    Limerick, PA 19468

    The MIL Network –

    March 5, 2025
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