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Category: Economy

  • MIL-Evening Report: Some economists have called for a radical ‘global wealth tax’ on billionaires. How would that work?

    Source: The Conversation (Au and NZ) – By Venkat Narayanan, Senior Lecturer – Accounting and Tax, RMIT University

    Rudy Balasko/Shutterstock

    Earlier this year, I attended a housing conference in Sydney. The event’s opening address centred on the way Australia seems to be becoming like 18th-century England – a country where inheritance largely determines one’s opportunities in life.

    There has been a lot of media coverage of economic inequities in Australian society. Our tax system has been partly blamed for this problem. The case for long-term, visionary tax reform has never been stronger. And one area of tax reform could be a wealth tax.

    First, let’s be clear about one thing. Unlike the superannuation tax reforms currently being debated for those with more than A$3 million in superannuation, the wealth tax we’re talking about would apply to a very different cohort: billionaires.

    A recent article in the Financial Times re-examined a proposal to impose such a tax on the world’s highest-net-worth individuals. It also pointed out these efforts would need to be globally coordinated.

    Such taxes could collect significant sums of money for governments. It’s previously been estimated a billionaire tax could raise US$250 billion (more than A$380 billion) globally if just 2% of the net worth of the world’s billionaires was taxed each year.

    The case for a wealth tax

    Inequality is on the rise and the argument for a wealth tax can’t be ignored – not least here at home. According to the Australia Institute, the wealth of Australia’s richest 200 people has soared as a percentage of our national gross domestic product (GDP) – from 8.4% in 2004 to 23.7% in 2024.

    If that sounds dramatic, the picture is far worse in the United States. So, what would a wealth tax look like in Australia (noting that in reality a globally coordinated effort would be needed)?

    The starting point for this is understanding of why high-net-worth individuals seemingly pay very low taxes.

    High net worth, low tax rate

    Income taxes only take into account any amounts that are received in the hands of the taxpayer – whether that is a company, a person or a trust.

    Most high-net-worth individuals do not receive much income directly but “store” their wealth in companies and other corporate structures.

    In Australia, the maximum applicable tax rate for companies is 30%. Note that the highest tax rate in Australia for individuals is 45% plus the 2% medicare levy, effectively 47%.

    Assets such as real estate may also be held by companies or trusts, and the increase in value of these assets is not taxed until they are sold (through capital gains tax).

    Even then, those gains may not be paid out directly to the high-net-worth individual who owns these entities.

    Unrealised gains

    So, how do we tax wealth that is sitting in various businesses (company structures) or other entities, but isn’t taxed at present because the “income” or “gains” from these are not taxable in the hands of the wealthy individuals who own them?

    This goes into the murky area of taxation of unrealised gains. Here, we need to tread very carefully. But we also need to recognise that we already do this, albeit rather subtly, and most of us are not billionaires.

    In your rates notice from your local council, for example, the increase in value of your residence or investment property is used to calculate your rates.

    The real difficulty, to carry on with this example, is that your residence or investment property is typically held in your name and so the tax can be directly levied on you.

    A luxury residence in Miami Beach, Florida, owned by Jeff Bezos, founder of Amazon. The US is home to the most billionaires of any country in the world.
    Felix Mizioznikov/Shutterstock

    Making tax unavoidable

    As we’ve already explained, the bulk of the assets or net worth of wealthy individuals is not directly attributable to them. Does this mean we should give up altogether?

    Not quite. UNSW professor Chris Evans has pointed out that while we may not be able to effectively tax all the net worth of the wealthy, there are some things we can tax and they can’t avoid it.

    An obvious example is real estate. You can pack your bags and bank accounts and move to a low-tax country, but you can’t move your mansion overlooking Sydney Harbour.

    Real estate, both residential and commercial, provides one clear way in which we could implement a partial wealth tax. This method (which also has fewer valuation issues than value stored in a company in the form of retained profits) also counters the argument that the wealthy will simply move to other jurisdictions that won’t tax them.

    There is plenty of academic research looking at various wealth tax initiatives in other countries. We should learn from these, including the experience in Switzerland and Sweden.

    In Sweden, for instance, research found the behavioural effects of wealth taxation were less pronounced than those of income taxation, but the system had so many loopholes that evasion was an option for some people.

    Change faces headwinds

    In a very uncertain world that features ongoing wars and an unpredictable US president, any change that seeks to address issues of inequity is going to be met with resistance by those who hold power.

    Some billionaires in the US, however, have expressed their support for being taxed more in a letter signed by heirs to the Disney and Rockefeller fortunes. That offers some hope, and suggests the discussion about wealth taxes should not be relegated to the “too hard” basket.

    Some steps towards taxing the uber-rich would be better than the status quo.

    Venkat Narayanan 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. Some economists have called for a radical ‘global wealth tax’ on billionaires. How would that work? – https://theconversation.com/some-economists-have-called-for-a-radical-global-wealth-tax-on-billionaires-how-would-that-work-257632

    MIL OSI Analysis – EveningReport.nz –

  • MIL-Evening Report: Fake news and real cannibalism: a cautionary tale from the Dutch Golden Age

    Source: The Conversation (Au and NZ) – By Garritt C. Van Dyk, Senior Lecturer in History, University of Waikato

    The Corpses of the De Witt Brothers, attributed to Jan de Baen, c. 1672-1675. Rijksmuseum

    The Dutch Golden Age, beginning in 1588, is known for the art of Rembrandt, the invention of the microscope, and the spice trade of the Dutch East India Company. It ended a little under a century later in a frenzy of body parts and mob justice.

    In 1672, enraged by a fake news campaign, rioters killed the recently ousted head of state Johan de Witt and his brother Cornelis. The mob hung them upside down, removed their organs, ate parts of the corpses, and sold fingers and tongues as souvenirs.

    Even in a period characterised by torture and assassination, this grisly act stands out as extreme. But it also stands as a warning from history about what can happen when disinformation is allowed to run rampant.

    The attack on Johan and Cornelis de Witt was fuelled by a relentless flood of malicious propaganda and forgeries claiming the brothers were corrupt, immoral elitists who had conspired with enemies of the Dutch Republic.

    The anonymous authors of the smear campaigns blamed Johan for war with England and “all the bloodshed, killing and injuring, the crippled and mutilated people, including widows and orphans” that allegedly kept him in power.

    According to one pamphlet, the violence was legitimate because the ends justified the means: “Beating to death is not a sin in case it is practised against a tyrant.” The sentiment echoes a quote frequently attributed to Napoleon, recently shared by US President Donald Trump on social media: “He who saves his country does not violate any law.”

    ‘Fight like hell’

    These days, of course, we’ve become accustomed to the dangers fake news (and deepfakes) pose in the promotion of political violence, hate speech, extremism and extrajudicial killings.

    In March, for example, historical footage of war crimes in Syria was manipulated by generative AI to appear as current events. Combined with disinformation in chat rooms and on social media, it incited panic and violence.

    The effects were magnified in a country with no reliable independent media, where informal news is often the only source of information.

    But even in a superpower with an established media culture, similar things happen.
    Before the January 6 insurrection at the US Capitol in 2021, Trump called on thousands of supporters at a “Save America” rally to “fight like hell” or they were “not going to have a country anymore”.

    This was shortly before Congress verified the presidential election result, which Trump alleged was invalid because of voter fraud. Addressing the same crowd, Trump advisor Rudolph Giuliani called for “trial by combat”.

    What happened might not have been as extreme as the events in the Netherlands 350 years earlier, but a violent mob fired up on disinformation still shook the foundations of US democracy.

    Historical echoes: supporters of Donald Trump march through Washington DC to the Capitol Building on January 6, 2021.
    Getty Images

    The ‘disaster year’

    The deeper forces at work in the US were and still are complex – just as they were in the 17th-century Dutch Republic. What brought it down was a volatile mix of power struggles, geopolitical rivalries and oligarchy.

    William of Orange had been excluded from the office of stadtholder, the hereditary head of state, by a secret treaty with England under Oliver Cromwell to end the First Anglo-Dutch War.

    When the English monarchy was restored, however, the treaty became invalid and the Orangists attempted to reinstate William. Johan De Witt represented the States Party, made up of wealthy oligarchs, whereas William was seen as a man of the people.

    The republic had built an impressive navy and merchant fleet but neglected its army. A land invasion by France and allies was supported by the English navy. To prevent the invasion from advancing, land was flooded by opening gates and canals.

    The combination of floods and an occupying army threw the economy into chaos. The Orangists wouldn’t cooperate with the States Party, and the republic was on the brink of collapse. The Dutch referred to 1672 as the Rampjaar, the “disaster year”.

    Historical rhymes

    Satirists, pamphleteers and activists seized on the crises as an opportunity to ramp up their campaign against the de Witt brothers. Political opposition turned into personal attacks, false accusations and calls for violence.

    Johan was assaulted and stabbed in an attempted assassination in June 1672, resigning from his role as head of state two months later. Cornelis was then arrested for treason. When Johan went to visit him in prison, the guards and soldiers disappeared, and a conveniently positioned mob dragged the brothers into the street.

    The rest, as they say, is history. William III was strongly suspected of orchestrating the brothers’ gruesome murder, but this was never confirmed.

    Is there is a moral to the story? Perhaps it is simply that, in a time of crisis, a campaign of disinformation can transform political opposition and rebellion into assassination – and worse.

    Pamphlets – the social media of their day – manipulated public perception and amplified popular anxiety into murderous rage. A golden age of prosperity under a republic headed by oligarchs ended with ritualised political violence and the return of a monarch who promised to keep the people safe.

    They say history doesn’t repeat, but it does rhyme. As ever, the need to separate fact from fiction remains an urgent task.

    Garritt C. Van Dyk has been a recipient of Getty Research Institute funding.

    – ref. Fake news and real cannibalism: a cautionary tale from the Dutch Golden Age – https://theconversation.com/fake-news-and-real-cannibalism-a-cautionary-tale-from-the-dutch-golden-age-257104

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI USA: Remarks at the Roundtable on DeFi and the American Spirit

    Source: Securities and Exchange Commission

    Good afternoon and thank you to the panelists and attendees today for the Commission’s fifth roundtable organized by the Crypto Task Force, entitled “DeFi and the American Spirit.”[1]

    Reflecting on the “American Spirit” brings to mind the expedition of Merriweather Lewis and William Clark. About 220 years ago on May 14, 1804, Lewis and Clark set out to explore the new Louisiana Territory, purchased the prior year by President Thomas Jefferson.[2] The size of the United States had doubled overnight, but there were no reliable maps or established routes through the new land. Despite this daunting challenge, Lewis and Clark entered the wilderness to carry out their mission.

    While perhaps not nearly as fraught with personal danger, the Commission is similarly navigating through challenging new terrain and plunging into the regulatory wilderness under the leadership of Commissioner Peirce and the Crypto Task Force. While the Commission’s tools – such as roundtables, public consultation, and economic analysis – may be different, I am confident that our expedition can succeed in updating our rulebook to open up new opportunities for American investors and businesses.

    The SEC’s treatment of decentralized finance and other emerging technologies over the past four years was not conducive to regulatory transparency and discouraged entrepreneurs and those developing DeFi from engaging with the Commission. However, that approach has recently changed under the Crypto Task Force, which is charged with coordinating the Commission’s effort to find answers to many pressing questions. Thus far, they have changed the SEC’s posture on crypto, embraced difficult regulatory questions, and promoted transparency by engaging with the market participants driving innovation and change.

    This SEC is committed to high quality regulation. High quality regulation takes time and administrative processes matter. For those who are involved in the development of DeFi, please be patient and work with the Commission and its staff towards achieving the best possible outcome.

    Although I am uncertain as to what “perfect regulation” may look like, the path towards it begins with seeking input from the public. This journey towards regulatory clarity will likely be frustrating, and may move in fits and starts. However, by learning from DeFi innovators and advocates, the Commission has a better chance at regulating securities transactions involving DeFi and protecting American investors who utilize decentralized financial services and products.

    Today’s participants will provide knowledge and insight about DeFi’s development and the existing regulatory barriers preventing growth. Such contributions will help the Commission attempt to strike the proper balance between its role as a regulator and its mandate to foster competition, efficiency, and capital formation.

    In DeFi, there is a new landscape of opportunities. People can transact directly with each other without relying on banks or other centralized intermediaries. The Commission should not refrain from engaging in oversight of novel areas simply because it involves thinking outside the existing framework.[3] The legacy regulatory regime under the federal securities laws presupposes the existence and necessity of numerous intermediaries. I look forward to hearing from today’s panelists as to whether such presumptions remain necessary.

    For example:

    1. In which types of situations do DeFi systems and smart contracts potentially eliminate the need for a financial intermediary and how?
    2. In what situations should DeFi systems be deemed to fall outside the scope of the securities laws?
    3. What key safeguards are necessary when the securities laws apply to these arrangements?

    Lewis and Clark’s journey took time to complete and carved out an important path to facilitate westward expansion. In so doing, they provided a valuable contribution to American progress. Today’s roundtable reflects the SEC’s commitment to continued progress and its willingness to consider the role of emerging technologies. As the Commission continues to move through the regulatory wilderness, it should remain true to its mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation in its efforts to respond to market innovation.

    Thank you and I look forward to the conversation.

    [1] My remarks today reflect my views as an individual Commissioner and not necessarily the views of the full Commission or my fellow Commissioners.

    MIL OSI USA News –

  • MIL-OSI: IDT Corporation to Present at East Coast IDEAS Investor Conference

    Source: GlobeNewswire (MIL-OSI)

    NEWARK, NJ, June 09, 2025 (GLOBE NEWSWIRE) — IDT Corporation (NYSE: IDT), a provider of fintech and communications solutions, will present at the East Coast IDEAS Investor Conference on Thursday, June 12, 2025 at the Westin Times Square in New York.

    Marcelo Fisher, Chief Financial Officer, will provide an overview of IDT’s operations, strategy, and financial results beginning at 3:30 PM Eastern time. Mr. Fischer will also host one-on-one investor meetings throughout the day.

    The IDT presentation will be webcast through the conference host’s main website: https://www.threepartadvisors.com/east-coast.

    To attend or learn more about the IDEAS conferences, please contact Lacey Wesley at (817) 769 -2373 or lWesley@IDEASconferences.com.

    All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, IDT assumes no obligation to update any forward-looking statements.

    ABOUT IDT CORPORATION

    IDT Corporation (NYSE: IDT) is a global provider of fintech and communications solutions through a portfolio of synergistic businesses: National Retail Solutions (NRS), through its point-of-sale (POS) platform, enables independent retailers to operate more effectively while providing advertisers and marketers with unprecedented reach into underserved consumer markets; BOSS Money facilitates innovative international remittances and fintech payments solutions; net2phone provides enterprises and organizations with intelligently integrated cloud communications and contact center services across channels and devices; IDT Digital Payments and the BOSS Revolution calling service make sharing prepaid products and services and speaking with friends and family around the world convenient and reliable; and, IDT Global and IDT Express enable communications services to provision and manage international voice and SMS messaging.

    Contact:
    Bill Ulrey
    IDT Investor Relations
    Phone: (973) 438-3838
    E-mail: invest@idt.net

    ###

    The MIL Network –

  • MIL-OSI: Orange County Bancorp, Inc. Announces Closing of Overallotment Option and Issuance of 258,064 Shares of Common Stock

    Source: GlobeNewswire (MIL-OSI)

    MIDDLETOWN, N.Y., June 09, 2025 (GLOBE NEWSWIRE) — Orange County Bancorp, Inc. (the “Company” – Nasdaq: OBT), parent company of Orange Bank & Trust Company, (the “Bank”) and Hudson Valley Investment Advisors, Inc. (“HVIA”), today announced that the underwriters for its recently completed public offering have exercised their overallotment option and completed the sale of an additional 258,064 shares of common stock at the public offering price of $23.25 per share. The expected proceeds to the Company in connection with the exercise of the option and the issuance of the additional shares, after deducting the underwriting discount and commissions but before deducting other expenses payable by the Company, are approximately $5.7 million.

    Piper Sandler & Co. and Stephens Inc. served as joint book-running managers.

    The offering was made only by means of an effective shelf registration statement on Form S-3 (File No. 333-280793), including a preliminary prospectus supplement and final prospectus supplement, copies of which may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov. Additionally, copies may be obtained from Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, Minnesota 55402, or by phone at 1-800-747-3924, or by email at prospectus@psc.com, or Stephens Inc., 111 Center Street, Little Rock, AR 72201, or by phone at 1-800-643-9691.

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

    About Orange County Bancorp, Inc.

    Orange County Bancorp, Inc. is the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, Inc. Orange Bank & Trust Company is an independent bank that began with the vision of 14 founders over 125 years ago. It has grown through innovation and an unwavering commitment to its community and business clientele to approximately $2.6 billion in total assets. Hudson Valley Investment Advisors, Inc. is a Registered Investment Advisor in Goshen, NY. It was founded in 1996 and acquired by the Company in 2012.

    Forward-Looking Statements

    The information disclosed in this press release includes various forward-looking statements that are made in reliance upon the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The words “anticipates,” “projects,” “intends,” “estimates,” “expects,” “believes,” “plans,” “may,” “will,” “should,” “could,” and other similar expressions are intended to identify such forward-looking statements. The Company cautions that these forward-looking statements are necessarily speculative and speak only as of the date made, and are subject to numerous assumptions, risks and uncertainties, all of which may change over time. Actual results could differ materially from such forward-looking statements. Accordingly, you should not place undue reliance on forward-looking statements. In addition to the specific risk factors disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, the following factors, among others, could cause actual results to differ materially and adversely from such forward-looking statements: those related to the real estate and economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, inflation, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, tariffs, increased levels of loan delinquencies, problem assets and foreclosures, credit risk management, asset-liability management, cybersecurity risks, geopolitical conflicts, public health issues, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company does not undertake and specifically declines any obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

    For further information:
    Michael Lesler
    EVP & Chief Financial Officer
    mlesler@orangebanktrust.com
    Phone: (845) 341-5111

    The MIL Network –

  • MIL-OSI: Micropolis Holding Company Announces Receipt of Audit Opinion with Going Concern Explanation

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, June 09, 2025 (GLOBE NEWSWIRE) — Micropolis Holding Company (“Micropolis” or the “Company”) (NYSE American: MCRP), a pioneer in unmanned ground vehicles and AI-driven security solutions, today announced that, as previously disclosed in its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, which was filed on May 8, 2025 with the Securities and Exchange Commission (the “2024 Annual Report”), the Company’s audited financial statements contained an audit opinion from its independent registered public accounting firm that included an explanatory paragraph related to the Company’s ability to continue as a going concern. See further discussion in Note 3 to the Company’s financial statements included in the 2024 Annual Report. This announcement is made pursuant to NYSE American LLC Company Guide Sections 401(h) and 610(b), which requires public announcement of the receipt of an audit opinion containing a going concern paragraph. This announcement does not represent any change or amendment to the Company’s financial statements or to its 2024 Annual Report.

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by the fact that they do not relate strictly to historical or current facts. These statements may include words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “will”, “should”, “can have”, “likely” and other words and terms of similar meaning. Forward-looking statements represent Micropolis’ current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

    About Micropolis Holding Company

    Micropolis is a UAE-based company specializing in the design, development, and manufacturing of unmanned ground vehicles (UGVs), AI systems, and smart infrastructure for urban, security, and industrial applications. The Company’s vertically integrated capabilities cover everything from mechatronics and embedded systems to AI software and high-level autonomy.

    For more information please visit www.micropolis.ai.

    Investor Contact:
    KCSA Strategic Communications
    Valter Pinto, Managing Director
    PH: (212) 896-1254
    Valter@KCSA.com

    Media Contact:
    Jessica Starman
    media@elev8newmedia.com

    The MIL Network –

  • MIL-OSI USA: Reps. David Scott, Scanlon, Frost, and Adams Introduce Legislation to Expand Student Access to Music and Arts Education

    Source: United States House of Representatives – Congressman David Scott (GA-13)

    WASHINGTON D.C. — Today, Congressman David Scott (GA-13), alongside Congresswoman Mary Gay Scanlon (PA-05), Congressman Maxwell Frost (FL-10), and Congresswoman Alma Adams (NC-12), announced the introduction of the Reimagining Inclusive Arts Education Act. The bill expands access to music and arts education for students across the nation, particularly in historically underserved and underfunded communities.

    The Reimagining Inclusive Arts Education Act will provide Department of Education grants to support the professional development of arts educators. The bill allows program funding that expands inclusive curricula, innovative adaptation of lesson plans, and unique arts lesson accommodations for a wider variety of students. Importantly, the bill prioritizes funding for Title I schools to ensure educators with fewer resources have access to professional development opportunities.

    “Decades of research show that students who are involved in arts education perform better academically, have improved emotional well-being, and are better prepared for careers in a 21st-century economy,” said Congressman David Scott. “Regardless of their abilities, students deserve equal access to visual Arts, theatre, dance, and music, all of which are all integral components to a well-balanced curriculum. The Reimagining Inclusive Arts Education Act will provide arts educators with the tools needed to make their lessons accessible to all students. The bill has the capacity to push young minds to think critically and socialize—skills that are crucial for students with disabilities who may be left out of other avenues of expression.”

    “Art programs in schools can provide important benefits for intellectual development – especially for young people with disabilities,” said Congresswoman Mary Gay Scanlon. “Unfortunately, many schools lack basic resources and funding to maintain these programs. I’m proud to partner with Reps. Scott, Frost, and Adams on this legislation to help our schools fill the funding gaps, ensure equitable accessibility for students with disabilities, and set up our children for success in the future.”

    “The arts provide a platform for creativity and solidarity, and as someone who attended an arts school growing up, I know how important it is for students to have the space and opportunity to express themselves. By making intentional investments in our arts educators and therapists, we ensure that every student, especially those with disabilities, can harness their creativity and thrive,” said Congressman Maxwell Frost. “I’m proud to cosponsor this Reimagining Inclusive Arts Education Act so we can build a more inclusive, accessible arts education system where every student can experience the power and joy of the arts.”

    “As a former art professor of 40 years, I’ve seen firsthand the profound impact arts have when they’re accessible to everyone,” said Congresswoman Alma Adams. “Every student, no matter ability, should have the opportunity to have arts in their life. I’m proud to support the Inclusive Arts Education Act so we can create inclusive, art-filled classrooms in schools across the country.”

    “The National Association for Music Education (NAfME) stands in strong support of the Reimagining Inclusive Arts Education Act, reintroduced by Congressman David Scott (GA-13)” said NAfME President Deb Confredo. “This bill speaks to the fundamental right of all children to effective arts education. Grants stemming from this bill would fund professional development for arts educators and creative arts therapists in their mission to provide innovative, inclusive, high quality, and accessible arts education experiences for all and, in particular, those children with disabilities. Research demonstrates that the outcomes of systematic and purposeful arts education are highly positive and far-reaching, often fostering growth in social skills, problem solving, creativity, team building, and cooperation, while physical, mental, and emotional health are often fortified. Funds designated through this bill would substantiate that the arts benefit all children, and especially those with disabilities. NAfME urges the 119th Congress to adopt this legislation as an investment in humanity and a demonstration of the belief in unity made more attainable through the arts.”

    “The American Music Therapy Association is very pleased to support the Reimagining Inclusive Arts Education Act,” stated Judy Simpson, Director of Government Relations. “This important legislation will support innovative and inclusive creative arts therapies provided by credentialled music therapists, art therapists, dance/movement therapists, and drama therapists for children with disabilities.  Expanding opportunities for these unique learning interventions will improve students’ ability to successfully access education and achieve academic goals.”

    “The Reimagining Inclusive Arts Education Act opens doors for students with disabilities to engage fully in high-quality arts education,” said Erin Harkey, CEO of Americans for the Arts. “This legislation strengthens mental health, boosts academic success, and nurtures the development of well-rounded individuals. We’re proud to support Congressman Scott’s leadership in advancing professional development for arts educators and creative arts therapists—building more inclusive classrooms where all students can succeed.”

    Endorsing Organizations: American Music Therapy Association, Americans for the Arts, Arkansas Music Education Association, Arts Alliance Illinois, Arts Ed NJ, Arts Education in Maryland Schools, Arts North Carolina, California Music Education Association, Council of Administrators of Special Education, Cure SMA, DC Music Education Association, Delaware Music Educators Association, Education Theatre Association, El Sistema USA, The Feierabend Association for Music Education, Florida Music Education Association, Georgia Music Educators Association, Guitars and Ukes in the Classroom, Hip-Hop Education Center, Ingenuity Inc., JazzSLAM, J.W. Pepper, Kansas Music Educators Association, Kentucky Music Educators Association, Kindermusik International, The Lang Lang International Music Foundation, League of American Orchestras, Maryland Music Educators Association, Massachusetts Music Educators Association, Mental Health Association of Central Florida, Michigan Music Educators Association, Montana Music Educators Association, Music Teachers National Association, Music Travel Consultants, Music Will, National Arts Education Association, National Association for Media Arts Education, National Association for Music Educators, National Center for Learning Disabilities, National Dance Education Organization, National Down Syndrome Congress, National Guild for Community Arts Education, National Music Council of the United States, Nevada Music Educators Association, New Hampshire Music Educators Association, New Jersey Music Educators Association, New York State School Music Association, North Carolina Music Education Association, Ohio Music Educators Association, OPERA America, Oregon Music Educators Association, Pennsylvania Music Educators Association, Percussive Arts Society, Rhode Island Music Educators Association, Save the Music, South Dakota Music Educators Association, Springfield Symphony Orchestra, TASH, Utah Music Educators Association, Vermont Music Educators Association, Vermont Music Educators Association, The Viscardi Center and Henry Viscardi School, Young Audiences Arts for Learning

    Full text of the bill can be found HERE.

    ###

    MIL OSI USA News –

  • MIL-OSI USA: PRESS RELEASE: Democrats Demand Action on Cost-of-living Crisis, Warn That Trump’s One Big Ugly Bill Will Drive Prices Even Higher

    Source: United States House of Representatives – Representative Nanette Diaz Barragán (CA-44)

    Collegeville, PA – Today, the House Democratic Steering and Policy Co-Chairs, Congresswomen Debbie Wasserman Schultz (FL-25), Robin Kelly (IL-02) and Nanette Barragán (CA-44), led a roundtable discussion with local leaders and stakeholders impacted by the Trump Tariffs and Republican threats to cut Medicaid and SNAP. Witnesses warned that the Republican ‘One Big Ugly Bill’ would only exacerbate the cost-of-living crisis for Pennsylvania’s working families.

    Congresswoman Madeleine Dean (PA-04) hosted the committee’s field hearing, and took testimony from community leaders who work directly helping people meet their basic needs to hear how the cost-of-living crisis would worsen with the Republican tax scam to slash Medicaid and food assistance while giving huge new tax breaks to billionaires.

    “At a time when families need stability, President Trump has thrown our economy into turmoil with reckless tariffs that continue to decimate retirement and college savings accounts,” said Dean. “Meanwhile, Trump and Republicans are pushing their ‘Big Ugly Bill,’ which will kick more than 300,000 Pennsylvanians off their healthcare and rip away food assistance from 140,000 of our neighbors. We should be fighting to lower costs for working families — not spiking prices and financing another tax break for the wealthy.”

    “Republicans are not interested in making life more affordable for American families. Trump’s One, Big, Ugly bill will take away food and rental assistance, and life-saving health care from millions of Americans,” said Barragán. “House Republicans have refused to work with Democrats to deliver solutions that support hardworking Americans. Seniors, children, and veterans will bear the burden of higher costs of food, healthcare, and housing while Trump’s billionaire donors get richer.”

    “Grocery checkout lines and the fear of falling ill are still major sources of financial anxiety for families, yet the Republican response is to give the wealthiest Americans a tax break windfall and pay for it by taking affordable health care and food assistance from millions of people. It’s a cruel, deplorable and fiscally irresponsible response, and we heard that message loud and clear today in Pennsylvania,” said Wasserman Schultz. “Far from lowering costs, Trump’s chaotic economic policies are driving recessionary fears, and Republicans’ ‘Big Ugly Bill’ would steal health care from 16 million Americans and deny food assistance to millions more. The net effect makes life even harder for paycheck-to-paycheck workers.”

    “President Trump promised to lower the cost of living on Day One. He lied,” said Kelly. “Instead, Americans are paying the cost of his shortsighted trade war at the checkout counter while Republicans in Congress attack food assistance and healthcare. This is a recipe for a cost-of-living disaster, yet Republicans’ solution is to give more tax breaks to the well-off and well-connected. I, alongside my Democratic colleagues, will continue to travel across the country to hear directly from the American people and bring their concerns back to Washington with real solutions.”

    The Steering and Policy Committee has gone on the road to hear from the American people, convening a town hall in California and a hearing in Virginia exposing the extreme Republican agenda. The Steering and Policy Committee will continue to travel the nation in the months ahead to reach the American people where they live and hear from them directly.

    The full video of today’s hearing can be found here.

    ###

    MIL OSI USA News –

  • MIL-OSI: Oportun to Present at Sidoti June Virtual Investor Conference

    Source: GlobeNewswire (MIL-OSI)

    SAN CARLOS, Calif., June 09, 2025 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced that it will participate in the upcoming Sidoti June Virtual Investor Conference.

    Oportun’s Chief Executive Officer, Raul Vazquez, and Interim Chief Financial Officer, Paul Appleton, will present and participate in investor meetings at the conference. The presentation will begin at 4:00 pm ET on June 11th and can be accessed live at this link.

    A link to the presentation webcast will also be accessible in the “IR calendar” section of Oportun’s Investor Relations website under “News & Events” at https://investor.oportun.com. A replay will be available for an additional 90 days via the same link following the conference.

    About Oportun 
    Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members’ financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $20.3 billion in responsible and affordable credit, saved its members more than $2.4 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually. For more information, visit Oportun.com.

    Investor Contact
    Dorian Hare
    (650) 590-4323
    ir@oportun.com

    Media Contact
    Michael Azzano
    Cosmo PR for Oportun
    michael@cosmo-pr.com
    (415) 596-1978

    The MIL Network –

  • MIL-OSI: Kangamoon Launches Telegram-Based Play-to-Earn Game “KANG RUSH” With $5,000 Prize Pool

    Source: GlobeNewswire (MIL-OSI)

    ROAD TOWN, British Virgin Islands, June 09, 2025 (GLOBE NEWSWIRE) — Kangamoon, a Web3 gaming platform, has officially launched its highly anticipated Play-to-Earn (P2E) fighter game, “KANG RUSH,” on Telegram. The launch introduces a $5,000 reward pool in $KANG tokens for top players over the first 30 days, marking a major milestone in the rollout of the Kangaverse ecosystem.

    Ripple’s Resurgence: Why Is XRP Going Up?

    In recent weeks, Ripple’s XRP has been gaining renewed attention. XRP’s price is now hovering around $2.29 USD, reflecting a modest recovery amid overall market fluctuations. Many in the community are asking, “Why is XRP going up?” – and a few factors seem to be converging.

    For one, Ripple’s recent SEC settlement has helped ease some of the legal uncertainties that previously weighed on the token. Positive regulatory news has boosted investor confidence, and with institutional interest stirring thanks in part to institutional momentum, including recent XRP ETF approvals and increased mentions of Ripple in financial policy discussions – XRP’s price live updates have shown steady improvements. Trading volume has also picked up across major exchanges, underscoring the renewed market optimism and higher liquidity.

    Meanwhile, another token making headlines is Kangamoon (KANG) — a Play-to-Earn (P2E) fighter game token that just launched its flagship game. The price of KANG has jumped 80.10% in the past 7 days, now trading at $0.0014 with over $130,000 in 24-hour trading volume.

    XRP Ripple News: Institutional and Political Developments

    Recent XRP ripple news points to several catalyst events:

    • ETF Momentum: ProShares recently received approval to launch XRP-tracking ETFs. Such developments are expanding institutional access to XRP, which many believe could help sustain its recovery.
    • Stablecoin Progress: Ripple’s RLUSD stablecoin has grown in circulation, further integrating XRP into the digital payments ecosystem.
    • Political Headlines: Adding to the buzz, former U.S. political figures have mentioned XRP in discussions about a national crypto strategy, sparking wider speculation about its future role in government financial systems.
    • Elon Musk Rumors: Unverified reports on social media suggest Elon Musk may consider XRP for future integration into X Payments platform, contributing to the “xrp price live” commentary that circulates on social media.

    All of these factors have helped refresh investor sentiment, painting a picture of renewed growth for XRP even as the market continues to evolve.

    Kangamoon (KANG) Announces New Game Launch

    While XRP recovers, Kangamoon (KANG) is making noise of its own in the GameFi space. The team is set to launch a Telegram-based Play-to-Earn (P2E) fighter game on June 9, 2025.

    This game features:

    • Point-based battles that convert into $KANG rewards
    • Character inventories, upgrades, and boosters
    • Real-time leaderboards and a competitive structure

    The launch event, titled “KANG RUSH,” offers $5,000 in $KANG to the Top players over the first 30 days. The game is Web3-native, with token and wallet integration built-in. This marks the beginning of the Kangaverse—a fusion of meme culture, token rewards, and fast-paced gameplay.

    The price of KANG has started to show early signs of activity, with trading volume picking up in anticipation of the game launch. This blend of innovative game mechanics and token-based rewards has put Kangamoon in the spotlight as a potential breakout in the P2E space.

    As of today, CoinGecko lists KANG at $0.0014, with growing interest driven by the game launch hype and increased trading volume.

    Final Analysis

    The latest XRP news and price updates indicate that Ripple could be on a path to recovery, driven by regulatory wins and increased institutional interest. While many still wonder whether XRP could eventually serve as a robust medium of exchange, its current performance suggests a cautious yet positive outlook.

    At the same time, the Kangamoon game launch introduces a fresh, GameFi narrative that’s shaking up the crypto market. The combination of strong gameplay features, low barriers to entry (thanks to its Telegram platform), and innovative Web3 elements is drawing both casual players and seasoned investors. With trading volumes and KANG price activity increasing, the Kangaverse might just be the next area where early movers reap significant rewards.

    In a market defined by rapid innovation and shifting investor sentiment, keeping an eye on both XRP’s steady recovery and Kangamoon’s bold new venture is worthwhile. Whether you’re watching XRP’s recovery or tracking the Kangamoon game launch, staying updated with the latest developments remains the key to navigating this evolving landscape.

    For more information

    Contact Details:

    Kangamoon
    Alex Roberts
    contact@kangamoon.game

    Disclaimer: This press release is provided by the “Kangamoon”. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/66779c01-3a1c-492c-a4a0-2982ebb1dae1

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3bd8fe8a-fe2c-4173-ad5e-e609bebcbaa5

    The MIL Network –

  • MIL-OSI USA: Welch Joins Vermont Edition to Discuss Trump’s Trade War and Taxes on Hardworking American Families

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    COLCHESTER, VT – U.S. Senator Peter Welch (D-Vt.) today joined Vermont Public’s Vermont Edition to discuss how harmful cuts in Republicans’ ‘Big Beautiful Bill’ to vital programs like Medicaid and the Supplemental Nutrition Assistance Program (SNAP) will hurt the economy and hardworking Americans across the country.  
    “This legislation, the so-called ‘Big Beautiful Bill,’ that is going to inflict bipartisan suffering. It doesn’t matter whether you’re in a red state or a blue state—you lose your health care, you lose your community hospital, you start paying higher tariffs, you see your colleges that are dependent on some of these grants and it’s integrated and that’s getting taken away—that’s going to hurt all of us,” said Senator Welch. 
    In the interview, Senator Welch highlighted how President Trump’s trade war and disastrous budget will make it harder for Vermont farmers, businesses, and families to make ends meet.  
    Mikaela Lefrak: “We’ve heard many Democratic critiques of this bill, particularly around its historic reductions in Medicaid spending…do you expect the Senate version of this bill to differ significantly from the House’s in terms of Medicaid cuts?” 
    Senator Welch: “Well, my hope is that we kill the bill. I mean, there will be some adjustments that some of my Republican colleagues try to make to mitigate the damage, but this bill is very damaging to individuals in Vermont…First of all, Vermonters don’t believe they’re going to get a tax cut out of this deal. You know, the tariffs are increasing costs for them and making it very, very tough for business. So, inflation is going to be going up…It’s a huge addition to the debt, where interest rates are going up so your credit card costs will go up, if you’re trying to get a mortgage—and they’re already high rates—they’ll be higher.  
    “From an actual impact on Vermonters, we’ve got thousands of people who get their health care through Medicaid, and that includes disabled kids. And the parents are taking care of those kids and Medicaid’s a lifeline—they can lose that health care. Two out of three seniors who are in nursing homes, that is paid for by Medicaid, and they can be kicked out of those homes with these cuts. So, it’s very damaging there. Also, Vermont has strongly supported nutrition programs—farm to school, Meals on Wheels, school lunch. Also the SNAP program, it’s about six bucks a day for families that are eligible and it really makes a difference. There’s going to be billions of dollars cut from both Medicaid and the SNAP program, Meals on Wheels.  
    “And why in the world are we going to do that when the benefit is essentially going to be higher debt and some significant tax cuts to some very, very wealthy people who don’t need them and aren’t asking for them, and corporations that are already paying record-low tax rates?” 
    ■■■
    Mikaela Lefrak: “As a Democrat in the Senate, you and every single other Democrat can vote against this bill, and it can still pass. So, the goal here it seems is to try to convince a handful of Republicans—I think you need at least three or four—to vote no. How do you do that?” 
    Senator Welch: “The most comprehensive way I’ve approached trying to deal with this budget disaster and this bill is by getting the information out—and the same thing with tariffs, which I think are having a detrimental impact on Vermont businesses, Vermont farmers and Vermont consumers. So, a lot of what I’ll do is have roundtables where we will have people who are going to be affected by the tariffs, or be affected by these Medicaid cuts, to be able to talk about that and get that information out.  
    “And what I do with my Republican colleagues is I don’t give them a lecture, but I’ll find out about the community hospital situation in their district or their state, and I’ll ask them: ‘What’s going to happen if this bill passes to your community hospitals?’ And then the reality is that those hospitals in their district are going to be really hurt. So, what I’m trying to do is encourage them to have more deference to the needs of the people they represent than they do to the will of President Trump.” 
    Listen to the episode here: 
    Last week, Senator Welch took to the Senate floor to slam Republicans’ tax bill, which will rip away health care coverage for more than 16 million Americans, including 29,000 Vermonters. The Republican bill will hike health care costs, close rural hospitals, and force millions of middle-class families to lose their coverage altogether, all to pay for tax cuts for the wealthy.  
    Senator Welch also recently joined his colleagues for a spotlight hearing examining Republicans’ efforts to gut the Supplemental Nutrition Assistance Program (SNAP), known as 3Squares in Vermont, which is a critical anti-hunger program that helps more than 41.6 million Americans—including over 65,000 Vermonters—put food on the table.     

    MIL OSI USA News –

  • MIL-OSI USA: Rosen-Backed Bill to Support Taiwan at IMF, Counter China Advances Through Senate Committee

    US Senate News:

    Source: United States Senator Jacky Rosen (D-NV)

    Bipartisan Legislation to Strengthen U.S.-Taiwan Ties and Counter the CCP’s Economic Coercion Clears Senate Foreign Relations Committee
    WASHINGTON, DC – U.S. Senator Jacky Rosen (D-NV) announced that bipartisan legislation she helped introduce that supports Taiwan’s participation in the International Monetary Fund (IMF) has advanced through the Senate Foreign Relations Committee and now heads to the Senate floor for consideration. The bipartisan bill aims to bolster the United States’ economic partnership with Taiwan and counter the Chinese Communist Party’s (CCP) efforts to exclude Taiwan from the global marketplace. By advocating for Taiwan’s inclusion in international financial institutions, like the IMF, this bipartisan legislation reinforces the U.S. commitment to democratic allies and pushes back against the CCP’s growing economic coercion.
    “The United States cannot allow the Chinese Communist Party to bully democratic allies like Taiwan out of the global financial system,” said Senator Rosen. “I’m glad to see our bipartisan bill advance in committee, sending a clear message that Taiwan deserves a voice in international institutions like the IMF. The more authoritarians do to try to silence democracies, the louder we must be in our defense of them—and that includes ensuring Taiwan is treated with the respect and recognition it has earned.” 
    Senator Rosen has prioritized strengthening the U.S.–Taiwan partnership and defending Taiwan against growing threats from the Chinese Communist Party. She introduced the bipartisan Taiwan Cybersecurity Resiliency Act to enhance joint cyber defense efforts and led the introduction of the bipartisan TAIWAN Security Act to bolster defense and supply chain cooperation. She has also been a consistent leader in pushing back against authoritarian influence more broadly. 

    MIL OSI USA News –

  • MIL-OSI: Long Ridge Energy LLC Announces Timing of First Quarter 2025 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    PDF Version

    HANNIBAL, Ohio, June 09, 2025 (GLOBE NEWSWIRE) — Long Ridge Energy LLC (“LRE”) is announcing its first quarter 2025 investor call for Thursday, June 12, 2025 at 10:00 AM EDT. LRE comprises the electric power and natural gas business of Long Ridge Energy & Power LLC (“LREP”). LREP is a wholly owned portfolio company of FTAI Infrastructure, Inc. (Nasdaq:FIP). In February 2026 LRE completed the incurrence of $1 billion of new debt comprised of $600 million of Senior Secured Notes due 2032 and a $400 million Term Loan B due 2032. The conference call may be accessed by registering via the following link: https://register-conf.media-server.com/register/BI81c49385c26347ea8cb913bb0de3966d. Once registered, participants will receive a dial-in and unique pin to access the call.

    A simultaneous webcast of the conference call will be available to the public on a listen-only basis at https://www.longridgeenergy.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.

    Long Ridge will post its first quarter 2025 financial statements and an investor presentation to its website prior to the earnings call.

    A replay of the conference call will be available after 12:00 P.M. on Thursday, June 12, 2025, through 12:00 P.M. on Friday, June 20, 2025.

    The information contained on, or accessible through, any websites included in this press release is not incorporated by reference into, and should not be considered a part of, this press release.

    About Long Ridge Energy and Power LLC:

    Long Ridge Energy and Power LLC owns and operates a site consisting of over 1,600 acres along the Ohio River in Southeastern Ohio. Through its subsidiary LRE, LREP operates a 485 MW combined cycle power plant serving the PJM grid and drills and operates natural gas wells in Southeastern Ohio and West Virginia. A large portion of natural gas produced is used in the operation of the power plant. In addition, LREP is developing additional opportunities on its property to site and serve data centers either through the PJM grid or with co-located behind-the-meter power. LREP also uses its Ohio River access to serve businesses needing commodity transloading and storage.

    About FTAI Infrastructure Inc.

    FTAI Infrastructure primarily invests in critical infrastructure with high barriers to entry across the rail, ports and terminals, and power and gas sectors that, on a combined basis, generate strong and stable cash flows with the potential for earnings growth and asset appreciation. FTAI Infrastructure is externally managed by an affiliate of Fortress Investment Group LLC, a leading, diversified global investment firm.

    For further information, please contact:

    Vance E. Powers
    Chief Financial Offer
    Long Ridge Energy and Power LLC
    724-416-5534

    Alan Andreini
    Investor Relations
    FTAI Infrastructure Inc.
    646-734-9414
    aandreini@ftaiaviation.com

    The MIL Network –

  • MIL-OSI: Advanced Flower Capital Expands Revolving Credit Facility with $20 Million Additional Commitment from Existing FDIC-Insured Banking Partner

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., June 09, 2025 (GLOBE NEWSWIRE) — Advanced Flower Capital Inc. (Nasdaq: AFCG) (“AFC”) today announced that it has expanded its senior secured revolving credit facility (“Credit Facility”) to $50 million with an additional $20 million commitment from the facility’s Lead Arranger, an FDIC-insured bank with over $75 billion of assets. AFC intends to use availability under the Credit Facility to fund commitments to existing borrowers, originate and participate in commercial loans to cannabis operators in line with its investment strategy, and support working capital and other general corporate purposes. The facility remains expandable to $100 million, subject to lender participation and available borrowing base.

    “This expanded commitment from a long-standing banking partner underscores the strength of our platform and strategy. This facility remains a core component of our financing approach, and we look forward to further strengthening this partnership as we scale our lending capabilities,” said Brandon Hetzel, AFC’s Chief Financial Officer.

    About Advanced Flower Capital Inc.

    Advanced Flower Capital Inc. (Nasdaq: AFCG) is a leading commercial mortgage REIT that provides institutional loans to state law compliant cannabis operators in the U.S. Through the management team’s deep network and significant credit and cannabis expertise, AFC originates, structures and underwrites loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows. It is based in West Palm Beach, Florida. For additional information regarding the Company, please visit advancedflowercapital.com.

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views and projections with respect to, among other things, future events and financial performance. All statements, other than historical facts, are forward-looking statements. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements. These forward-looking statements regarding the anticipated use of the Credit Facility are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results. Certain factors, including the ability of our manager to locate suitable loan opportunities for us, monitor and actively manage our loan portfolio, and implement our investment strategy, the demand for cannabis cultivation and processing facilities and dispensaries, management’s current estimates of expected credit losses and current expected credit loss reserves, and other factors, could cause actual results and performance to differ materially from those projected in these forward-looking statements. More information on these risks and other potential factors that could affect our business and financial results is included in AFC’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of AFC’s most recently filed Annual Report on Form 10-K and subsequent filings. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect AFC. We do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

    Investor Relations Contact

    Robyn Tannenbaum
    561-510-2293
    ir@advancedflowercapital.com

    The MIL Network –

  • MIL-OSI USA: Tuberville, Banks Move to Protect Americans’ Financial Data from the CCP

    US Senate News:

    Source: United States Senator for Alabama Tommy Tuberville

    WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) and U.S. Senator Jim Banks (R-IN) took action to ensure Americans’ financial data is protected from exposure to the Chinese Communist Party (CCP) through popular financial trading platforms.

    In a letter to the Securities and Exchange Commission (SEC) Chairman Paul Atkins, Senators Tuberville and Banks asked that the SEC ensure two Chinese-linked companies are complying with American laws and regulations. The companies, Webull Financial, LLC (Webull) and Moomoo, Inc. (Moomoo), are widely-used stock trading platforms operating within the United States.

    “The biggest threat facing our country today is communist China,” said Senator Tuberville. “Thankfully, we now have a Commander-in-Chief in President Trump who is taking the threat of China incredibly seriously. China doesn’t need a spy balloon to steal our information — they’ve got spies in the smartphones of millions of Americans, harvesting valuable information every second. The United States must protect the personal data of our citizens from falling into the hands of our greatest adversary.”

    “Webull has a track record of collecting highly sensitive personal data from American consumers, including Social Security numbers,” said Senator Banks. “We cannot allow any platform like this tied to the Chinese Communist Party to sidestep our rules and jeopardize Americans’ personal data. That is why I am demanding the SEC ensures that any foreign platform is complying with American regulations, so long as they have access to our financial markets.” 

    The full text of the letter can be found here and pasted below.

    “Chairman Paul Atkins

    Securities and Exchange Commission

    100 F Street NE

    Washington, D.C. 20549

    Chairman Atkins:

    Congratulations on your confirmation as the 34th Chairman of the U.S. Securities and Exchange Commission (SEC). Over the last four years, your predecessor, Gary Gensler, mismanaged the SEC and pushed a radical anti-business, anti-investor, and anti-innovation agenda that stifled our financial markets, harmed retail investors, and made America less competitive. Fortunately, President Trump is acting quickly and decisively to reverse the Biden administration’s many failures and restore the American economy to greatness. Your pro-growth, pro-investor leadership is needed now more than ever to reestablish the SEC’s credibility, unleash the full power of America’s financial markets, and provide more opportunity for millions of Main Street Americans who want to invest for the future.

    While former Chairman Gensler prioritized multiple regulatory solutions in search of problems, such as his illegal “climate change” disclosure rule and his enforcement program designed to systematically destroy the cryptocurrency industry in the U.S., he ignored the very real threats against retail investors that we and our colleagues repeatedly brought to his attention related to the infiltration of our capital markets by Chinese-owned broker-dealers with possible ties to the Chinese Communist Party (CCP), including Webull, MooMoo, and Prometheum.[i]  For example, in May 2023, then-Congressman, now Senator, Banks and I wrote to Chairman Gensler and Financial Industry Regulatory Authority (FINRA) CEO Robert Cook:

    As you are aware, Webull and Moomoo collect highly sensitive personal information from millions of their U.S. customers, including personally identifiable information (PII) such as Social Security numbers, mailing addresses, and financial account data. . . . In light of Beijing’s increasingly strict privacy laws barring many Chinese companies from sharing data with Western regulators, the presence of Webull registered representatives in the PRC raises serious concerns regarding (1) Webull’s ability to meet its supervisory obligations under SEC and FINRA rules; (2) the SEC’s and FINRA’s ability to oversee and examine Webull and its registered representatives and associated persons located in the PRC; (3) the adequacy of Webull’s compliance with all SEC and FINRA recordkeeping requirements; (4) the ability of the SEC and FINRA to adequately enforce federal securities laws, including the ability to obtain documents and information from Webull employees located in the PRC; and (5) the potential for U.S. customer PII to be shared or exfiltrated to Webull employees or affiliated entities located in the PRC.[ii]

    Since then, the House Select Committee on the Chinese Communist Party (Select Committee) and several State Attorneys General, led by Indiana Attorney General Todd Rokita, have opened separate inquiries into Webull’s ties to the CCP and have exposed troubling facts which call into question the safety of these platforms for U.S. retail investors.[iii]  For example, the Select Committee discovered that an affiliate or subsidiary of Webull (Hunan Weibu Information Technology Co., Ltd., ) “received multiple grants from the Changsha Municipal Government’s special fund to optimize foreign investment through cost offsets supporting offshore service outsourcing,” pursuant to which “recipients of this special fund are required to ‘support the leadership of the Chinese Communist Party.’”[iv]  Similarly, the State Attorneys General inquiry found that “Webull appears to have an affiliated research and development facility (R&D Facility) with hundreds of employees in Changsha, China. SEC filings indicate that the R&D Facility may provide services or support to Webull’s US brokerage operations.”[v]  In fact, Webull’s May 9, 2025, Prospectus states:

    “[O]ur mainland China subsidiary, Hunan Weibu Information Technology Co., Ltd., employs 731 employees, representing 61% of our employees as of December 31, 2024, and is subject to the jurisdiction of the People’s Republic of China. We cannot be certain that future laws, rules, or regulations will not be drafted in a way that brings us within their scope and that such laws will not materially and adversely affect our business, financial condition, and results of operations.”

    We were disappointed to see that earlier this year, the SEC approved Webull to proceed with its Special Purpose Acquisition Company (SPAC) transaction, which now allows Webull to fully exploit U.S. markets – and, by extension, American investors who put their hard-earned money to work in these markets – as a public company listed on Nasdaq. Webull’s March 2025 Investor Presentation filed with the SEC on March 31, 2025, and its May 2025 Prospectus, appear to contain many of the same troubling connections between Webull and the CCP that legislators and law enforcement authorities have repeatedly raised to your predecessor, including continued ownership and control by individuals and entities that appear to be domiciled in China.[vi]The SEC should not allow Chinese companies to list on U.S. exchanges and enjoy the benefits of our capital markets, while failing to adhere to U.S. law. As Senator Rick Scott noted in a letter to you earlier this month, “These companies consistently fail to meet the requirements of our markets – misleading American investors and putting their investments and U.S. national security and economic security at risk[.]” The risks posed by Chinese companies listed in the U.S. were the recent subject of an April 9, 2025 joint House-Senate hearing titled, “Financial Aggression: How the Chinese Communist Party Exploits American Retirees and Undermines National Security.”[vii]   

    Relatedly, the notion of registering broker-dealers with ties to the CCP – especially firms with affiliates, operations, and owners based in China – is entirely inconsistent with the federal securities laws, FINRA rules, and the Holding Foreign Companies Accountable Act of 2020.[viii]  As you know, neither the SEC nor FINRA have the authority to conduct examinations or enforcement investigations of Webull’s substantial operations and employees in mainland China which, as noted above, may support the U.S. brokerage.   

    We urge you to take immediate action to delist all Chinese companies from the U.S. markets and rescind Chinese-owned broker-dealers’ licenses to operate in the U.S.

    Sincerely,”

    BACKGROUND:

    Webull and Moomoo are two widely-used stock trading platforms operating in the United States that are registered with the SEC and Financial Industry Regulatory Authority (FINRA). The parent companies of Webull and Moomoo are owned by Chinese entities with close ties to Chinese telecom giants Xiaomi and Tencent, which have reportedly aided the Chinese Communist Party in its efforts to surveil and suppress its citizens.

    Despite their ties to China, the SEC and FINRA allow Webull and Moomoo to operate as registered broker-dealers in the United States and to freely collect and store personally identifiable information — including Social Security numbers, mailing addresses, and sensitive financial account data — for millions of U.S. citizens.

    Senator Tuberville first called for an investigation into Webull and Moomoo in July 2022. In a letter to SEC Chairman Gary Gensler, Senator Tuberville and his colleagues Senators Ted Cruz (R-TX), Mike Braun (R-IN), Rick Scott (R-FL), and Roger Marshall (R-KS) expressed concerns over these firms’ data sharing practices and ties to the CCP – both of which could put U.S. investors at risk.

    Senator Tuberville and Senator Banks sent a similar letter to the SEC and FINRA in 2023.

    Senator Tuberville believes the Communist Chinese Party seeks to overtake the United States as the top global superpower and that America must face China’s growing military and non-military threats with clear-eyed resolve.

    Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP and Aging Committees.

    MIL OSI USA News –

  • MIL-OSI USA: US Department of Labor takes ‘America First’ mission to world stage at International Labour Conference

    Source: US Department of Labor

    WASHINGTON – U.S. Department of Labor Deputy Secretary Keith Sonderling will participate in the 113th International Labor Conference in Geneva this week, leading a U.S. delegation focused on promoting the Trump administration’s America First labor agenda. 

    Deputy Secretary Sonderling will give high-level remarks during the conference that champion the U.S.’s dominant gig economy and advocate for policies that promote innovation, freedom, and economic opportunity. His mission comes as the International Labour Organization considers new global standards that could threaten millions of businesses and workers in the U.S. and abroad.

    “The United States is a global leader in the gig economy, and this administration intends to keep it that way by pushing back against international efforts to impose burdensome regulations that stifle innovation, harm growth, and kill jobs. President Trump has been clear: we will fight for American workers and American businesses each and every day – both at home and on the world stage. Amplifying that message and standing up for our people will be my key priorities at this year’s conference,” said Deputy Secretary Sonderling.

    The gig economy has become a significant driver of economic growth, offering new pathways to good-paying jobs for millions of workers globally. U.S.-developed platforms have become driving leaders for gig work, powering everything from software development to rideshare and delivery services.

    Deputy Secretary Sonderling will also host a roundtable to promote the U.S. as the premiere international leader in artificial intelligence, as well as hold bilateral meetings with representatives from various governments. He will also meet with ILO Director-General Gilbert F. Houngbo to discuss a shared commitment to ensure American workers and businesses are not undercut by unfair labor practices.

    The 113th International Labour Conference runs from June 2 to June 13, 2025, in Geneva. More than 6,000 delegates are registered to attend the conference, representing governments, as well as employers’ and workers’ organizations, from the ILO’s 187 Member States.

    MIL OSI USA News –

  • MIL-OSI: PFM CRYPTO Launches 2-Day XRP Mining Contract, Short-Term XRP Investment Users Surge 300%

    Source: GlobeNewswire (MIL-OSI)

    Farington, England, June 09, 2025 (GLOBE NEWSWIRE) — Global cloud mining leader PFM CRYPTO today announced the launch of a 2-day XRP cloud mining contract, offering investors a flexible and efficient opportunity to grow their XRP holdings. The product received an overwhelmingly positive response from the market. In just one week, the number of short-term XRP investors on the platform surged by 300%, reflecting strong demand for low-barrier, high-liquidity crypto investment products.

    The 2-day XRP mining contract is the latest short-term crypto mining product from PFM CRYPTO, following the success of its Bitcoin, Ethereum, and Dogecoin cloud mining contracts. With ultra-low entry thresholds, flexible durations, and stable returns, this XRP-focused solution has quickly become a favorite among XRP holders and short-term investors alike.

    In the rapidly evolving world of crypto, simplicity and sustainable profitability are essential. For beginners seeking a reliable source of passive income, PFMCrypto’s cloud mining service stands out as an attractive option.

    What Is PFMCrypto Cloud Mining?

    PFMCrypto cloud mining is a remote cryptocurrency mining solution that supports a wide range of digital assets, including XRP. Users tap into PFMCrypto’s robust computing power to earn profits—without needing to buy mining hardware or manage technical maintenance. By leveraging powerful mining farms, PFMCrypto allows users to benefit from real-time mining rewards as complex blockchain problems are solved continuously.

    Key Benefits of PFMCrypto Cloud Mining

    No Hardware Required: No need to purchase costly equipment—users mine using the platform’s powerful resources.

    Zero Maintenance Costs: Electricity, repairs, and operations are handled entirely by PFMCrypto.

    Green Energy Efficiency: All mining operations are powered by solar and wind energy—sustainable and cost-effective.

    Beginner-Friendly: No technical skills needed. New users receive a $10 sign-up bonus instantly.

    Stable Daily Returns: Daily payouts with full principal refunds upon contract maturity to ensure capital safety.

    Flexible Contract Options: Investment plans range from $100 to $100,000, with contract durations spanning from 1 to 50 days.

    Cloud Mining Contract Strategy: Powered by Real Results

    With the launch of the 2-day XRP contract, PFMCrypto is opening its high-performance cloud mining infrastructure to the public—free to access. Since its founding in 2018, the platform has expanded to over 9.2 million active users across 192 countries and regions, delivering exceptional results:

    2-Day Strategy: +6.6% return

    5-Day Strategy: +6.15% return

    15-Day Strategy: +20.7% return

    30-Day Strategy: +55.6% return

    These performance figures are not forecasts—they reflect real-world results from millions of users. This is made possible by PFMCrypto’s AI-powered profit optimization and results-focused mining model.

    How to Get Started with PFMCrypto Cloud Mining

    1.Register: Sign up today and receive a $10 welcome bonus, plus $0.60 daily check-in rewards.

    2.Choose a Contract: Select a mining plan that aligns with your budget and financial goals. PFMCrypto offers solutions for both beginners and advanced investors.

    3.Start Earning: Once your contract is activated, PFMCrypto’s intelligent platform does the rest—ensuring a seamless, high-efficiency mining operation that maximizes your earnings.

    About PFMCrypto

    Founded in 2018, PFMCrypto represents a new generation of AI-driven cloud mining, built on data, performance, and trust. With a rapidly growing global user base, PFMCrypto stands out as one of the most promising crypto investment opportunities of the year—especially for investors seeking sustainable, long-term returns over speculation.

    Full details and participation: https://pfmcrypto.net 

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI USA: Founder of Cryptocurrency Payment Company Charged with Evading Sanctions and Export Controls, Defrauding Financial Institutions, and Violating the Bank Secrecy Act

    Source: US State of North Dakota

    Defendant Allegedly Laundered More Than $500M Through the U.S. Financial System, Including by Facilitating Transactions with Sanctioned Russian Banks

    A 22-count indictment was unsealed today charging Iurii Gugnin, also known as Iurii Mashukov and George Goognin, 38, a resident of New York and citizen of Russia, with various offenses related to using his cryptocurrency company Evita to funnel more than $500 million of overseas payments through U.S. banks and cryptocurrency exchanges while hiding the source and purpose of the transactions.

    According to court documents, Gugnin is charged with wire and bank fraud, conspiracy to defraud the United States, violation of the International Emergency Economic Powers Act (IEEPA), operating an unlicensed money transmitting business, failing to implement an effective anti-money laundering compliance program, failing to file suspicious activity reports, money laundering, and related conspiracy charges. Gugnin was arrested and arraigned today in New York.

    “The defendant is charged with turning a cryptocurrency company into a covert pipeline for dirty money, moving over half a billion dollars through the U.S. financial system to aid sanctioned Russian banks and help Russian end-users acquire sensitive U.S. technology,” said John A. Eisenberg, Assistant Attorney General for National Security. “The Department of Justice will not hesitate to bring to justice those who imperil our national security by enabling our foreign adversaries to sidestep sanctions and export controls.”

    “As alleged, Gugnin came to the United States and set up a money laundering operation under the guise of a cryptocurrency start-up, which he then used to evade sanctions and export controls and defraud U.S. financial institutions,” said U.S. Attorney Joseph Nocella Jr. for the Eastern District of New York. “Today’s arrest demonstrates that this Office will vigorously prosecute those who abuse the U.S. financial system in furtherance of criminal activity, particularly when it undermines national security.”

    “Gugnin’s cryptocurrency company allegedly served as a front to launder hundreds of millions of dollars for sanctioned Russian entities and to obtain export-controlled technology for the Russian government,” said Assistant Director Roman Rozhavsky of the FBI’s Counterintelligence Division. “Let this serve notice that using cryptocurrency to hide illegal conduct will not prevent the FBI and our partners from holding you accountable.”

    As alleged in the indictment, Gugnin is the founder, President, Treasurer, and Compliance Officer of U.S-based Evita Investments Inc. (Evita Investments) and Evita Pay Inc. (Evita Pay) (collectively, Evita). Gugnin used both companies to enable foreign customers — many of whom held funds at sanctioned Russian banks — to provide him with cryptocurrency, which he then laundered through cryptocurrency wallets and U.S. bank accounts. Gugnin ultimately converted the funds into U.S. dollars or other fiat currencies and then made payments through bank accounts in Manhattan on behalf of his foreign customers. In the process, the sources of the funds were obscured, disguising the audit trail and hiding the true counterparties to the transactions. Between June 2023 and January 2025, Gugnin used Evita to facilitate the movement of approximately $530 million through the U.S. financial system, most of which he received in the form of a cryptocurrency stablecoin known as Tether, or “USDT.”

    To effectuate the scheme, Gugnin defrauded various banks and cryptocurrency exchanges through which he converted funds and made wire transfers. Gugnin repeatedly lied to these banks and exchanges, telling them that Evita did not conduct business with entities in Russia and did not deal with sanctioned entities. In fact, many of Gugnin’s customers were located in Russia, and he facilitated payments in funds held at sanctioned Russian banks, including PJSC Sberbank, PJSC Sovcombank, PJSC VTB Bank, and JSC Tinkoff Bank. Gugnin maintained personal accounts at two sanctioned Russian banks, JSC Alfa-Bank and PJSC Sberbank, with which he transacted while residing in the United States. Gugnin also facilitated payments by foreign customers to procure sensitive electronics, including an export-controlled server designed by a U.S. technology company, and laundered funds from a Moscow-based supplier to purchase parts for Rosatom, Russia’s state-owned nuclear technology company. To conceal his activities, Gugnin regularly obfuscated invoices by digitally “whiting out” the names and addresses of his Russian customers.

    Gugnin also failed to implement Evita’s own purported anti-money laundering program and failed to file suspicious activity reports, as required under the Bank Secrecy Act. Although Gugnin represented to banks and cryptocurrency exchanges that Evita followed rigorous anti-money laundering and know-your-customer requirements, in practice he flouted those requirements, as well as the requirement to file reports of suspicious activities with the Financial Crimes Enforcement Network (FinCEN). Gugnin ultimately registered Evita Pay as a money transmitter with FinCEN and the state of Florida but did so by making materially false statements to the state of Florida about Evita Pay’s business. Gugnin used that fraudulently obtained state license to induce a cryptocurrency exchange to process transactions on his behalf.

    In the course of his scheme, Gugnin conducted web searches that confirmed his awareness that he was breaking the law, including searches for “how to know if there is an investigation against you”; “evita investments inc. criminal records search”; “Iurii Gugnin criminal records”; “money laundering penalties US”; and “penalties for sanctions violations EU luxury goods.” He also visited website pages titled, respectively “am I being investigated?”; “signs you may be under criminal investigation”; and “what are the best ways to find out if you’re being investigated and what can someone do when they think they might be under investigation.”

    If convicted, Gugnin faces a maximum penalty of 30 years in prison for each count of bank fraud; a maximum penalty of 20 years in prison for each of the wire fraud, IEEPA, money laundering, and related conspiracy counts; a maximum penalty of 10 years in prison for failure to implement an effective anti-money laundering program and failure to file suspicious activity reports; and a maximum penalty of five years in prison for conspiracy to defraud the United States and operating an unlicensed money transmitting business.

    Assistant U.S. Attorney Matthew Skurnik for the Eastern District of New York and Trial Attorney Dallas Kaplan of the National Security Division’s Counterintelligence and Export Control Section are prosecuting the case. Assistant U.S. Attorney Laura Mantell for the Eastern District of New York’s Asset Recovery Section is handling forfeiture matters.

    Today’s actions were coordinated through the Justice and Commerce Departments’ Disruptive Technology Strike Force. The Disruptive Technology Strike Force is an interagency law enforcement strike force co-led by the Departments of Justice and Commerce designed to target illicit actors, protect supply chains, and prevent critical technology from being acquired by authoritarian regimes and hostile nation-states.

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

    MIL OSI USA News –

  • MIL-OSI: Amdark Limited Offers Investment Fraud Recovery Program to Combat Surge in Online Scams in 2025

    Source: GlobeNewswire (MIL-OSI)

    Amdark Limited, a top-tier financial recovery services provider, has unveiled a fraud recovery program, emphasizing the importance of tracking and recovering funds in online scams in 2025.

    CHELMSFORD, United Kingdom, June 09, 2025 (GLOBE NEWSWIRE) — In the latest news, Amdark Limited offers an investment fraud recovery program that helps to track and recover online scams. Investment fraud happens when someone lies or misleads others into investing money, often with false promises of guaranteed profits, low risk, or quick returns. The scammer might pose as a financial advisor, broker, or company representative and may use fake websites, social media ads, or phone calls to gain your trust.

    Significance of Investment Fraud Recovery Services

    Online scams have become a significant concern in the digital finance space, affecting both novice and experienced investors. Fraudulent schemes, such as Ponzi schemes, phishing attacks, fake Initial Coin Offerings (ICOs), and rug pulls, are just a few of the ways scammers target their victims. The decentralized and anonymous nature of crypto transactions makes it incredibly difficult to trace and reverse these fraudulent activities.

    Many traditional banking systems offer ways to dispute transactions, the irreversible nature of crypto transactions means that stolen funds are typically lost forever. This leaves victims in a position where they may feel helpless, as recovering lost assets requires specialized knowledge and resources. In such cases, Amdark Limited steps in to help victims navigate the complex and often opaque world of crypto scam recovery.

    Reasons Behind Investment Fraud Growing in 2025

    Technology makes it easier than ever to connect with people but it also gives scammers new tools to exploit victims. However, individuals are investing and building a secure future but simultaneously face cybercrime issues. Amdark Limited helps track every scam and offers crypto forensic services for regulators, law enforcement, companies, and individuals to ensure that the individual’s transactions are safe and secure. When individuals need a high level of accuracy for witness or rediscovery, the company assists the clients in evaluating their legal situations and provides accurate and up-to-date forensic data. It also offers the latest technology and data recovery services, which help identify and extract data from computers and other advanced devices.

    Amdark Limited Investment Recovery Program Protects Investment Fraud

    The company shed light on how to avoid falling victim:

    • Do Your Research – Always investigate the company, the people involved, and the investment itself. Google reviews, search for scam warnings and check financial regulatory websites.
    • Verify Licensing – Legitimate brokers or advisors must be registered. Use government or financial watchdog websites to confirm credentials.
    • Avoid “Risk-Free” Offers – No investment is risk-free. Be wary of anyone claiming otherwise.
    • Don’t Trust Social Media Alone – Just because an ad appears on Facebook or Instagram doesn’t mean it’s trustworthy. Always double-check before handing over your money.
    • Consult an Expert – Before investing large amounts, speak to a licensed financial advisor or a legal expert in finance.

    Fund Recovery Services Matter

    Scammers are clever, and once they’ve taken their money, they rarely leave a trail. That’s where professionals come in. Fund recovery agencies combine legal, forensic, and digital tools to track their stolen funds and attempt to retrieve them. While not all cases lead to full recovery, many victims have successfully reclaimed a portion or even all of their lost investments through expert help.

    Furthermore, investment fraud is one of the fastest-growing financial crimes in 2025, and its consequences are both emotional and financial. To combat this online scam chain, Amdark Limited brings real solutions and become a trusted partner in investment fraud recovery that can guide them through the process of reclaiming what’s there.

    About Amdark Limited:

    For over 20 years, Amdark Limited has been an emerging provider of financial recovery services, specializing in helping victims of online scams recover their losses. The company has a team of experienced financial experts who have a proven track record of success. Amdark Limited offers a free consultation to assess each case and determine the possibility of recovery.

    Media Contact:
    Company Name: Amdark Limited
    Contact person:Alan Kalbfell
    Contact email: help@amdarklimited.com
    Website link: www.amdarklimited.com

    Disclaimer: This press release is provided by the Amdark Limited. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ef5fba0b-0a0f-4eb6-b2e7-b77c99f7a18c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/7a1a1235-e29e-4eb9-9cbc-422ef2d3cc43

    The MIL Network –

  • MIL-OSI Security: Security News: Founder of Cryptocurrency Payment Company Charged with Evading Sanctions and Export Controls, Defrauding Financial Institutions, and Violating the Bank Secrecy Act

    Source: United States Department of Justice

    Defendant Allegedly Laundered More Than $500M Through the U.S. Financial System, Including by Facilitating Transactions with Sanctioned Russian Banks

    A 22-count indictment was unsealed today charging Iurii Gugnin, also known as Iurii Mashukov and George Goognin, 38, a resident of New York and citizen of Russia, with various offenses related to using his cryptocurrency company Evita to funnel more than $500 million of overseas payments through U.S. banks and cryptocurrency exchanges while hiding the source and purpose of the transactions.

    According to court documents, Gugnin is charged with wire and bank fraud, conspiracy to defraud the United States, violation of the International Emergency Economic Powers Act (IEEPA), operating an unlicensed money transmitting business, failing to implement an effective anti-money laundering compliance program, failing to file suspicious activity reports, money laundering, and related conspiracy charges. Gugnin was arrested and arraigned today in New York.

    “The defendant is charged with turning a cryptocurrency company into a covert pipeline for dirty money, moving over half a billion dollars through the U.S. financial system to aid sanctioned Russian banks and help Russian end-users acquire sensitive U.S. technology,” said John A. Eisenberg, Assistant Attorney General for National Security. “The Department of Justice will not hesitate to bring to justice those who imperil our national security by enabling our foreign adversaries to sidestep sanctions and export controls.”

    “As alleged, Gugnin came to the United States and set up a money laundering operation under the guise of a cryptocurrency start-up, which he then used to evade sanctions and export controls and defraud U.S. financial institutions,” said U.S. Attorney Joseph Nocella Jr. for the Eastern District of New York. “Today’s arrest demonstrates that this Office will vigorously prosecute those who abuse the U.S. financial system in furtherance of criminal activity, particularly when it undermines national security.”

    “Gugnin’s cryptocurrency company allegedly served as a front to launder hundreds of millions of dollars for sanctioned Russian entities and to obtain export-controlled technology for the Russian government,” said Assistant Director Roman Rozhavsky of the FBI’s Counterintelligence Division. “Let this serve notice that using cryptocurrency to hide illegal conduct will not prevent the FBI and our partners from holding you accountable.”

    As alleged in the indictment, Gugnin is the founder, President, Treasurer, and Compliance Officer of U.S-based Evita Investments Inc. (Evita Investments) and Evita Pay Inc. (Evita Pay) (collectively, Evita). Gugnin used both companies to enable foreign customers — many of whom held funds at sanctioned Russian banks — to provide him with cryptocurrency, which he then laundered through cryptocurrency wallets and U.S. bank accounts. Gugnin ultimately converted the funds into U.S. dollars or other fiat currencies and then made payments through bank accounts in Manhattan on behalf of his foreign customers. In the process, the sources of the funds were obscured, disguising the audit trail and hiding the true counterparties to the transactions. Between June 2023 and January 2025, Gugnin used Evita to facilitate the movement of approximately $530 million through the U.S. financial system, most of which he received in the form of a cryptocurrency stablecoin known as Tether, or “USDT.”

    To effectuate the scheme, Gugnin defrauded various banks and cryptocurrency exchanges through which he converted funds and made wire transfers. Gugnin repeatedly lied to these banks and exchanges, telling them that Evita did not conduct business with entities in Russia and did not deal with sanctioned entities. In fact, many of Gugnin’s customers were located in Russia, and he facilitated payments in funds held at sanctioned Russian banks, including PJSC Sberbank, PJSC Sovcombank, PJSC VTB Bank, and JSC Tinkoff Bank. Gugnin maintained personal accounts at two sanctioned Russian banks, JSC Alfa-Bank and PJSC Sberbank, with which he transacted while residing in the United States. Gugnin also facilitated payments by foreign customers to procure sensitive electronics, including an export-controlled server designed by a U.S. technology company, and laundered funds from a Moscow-based supplier to purchase parts for Rosatom, Russia’s state-owned nuclear technology company. To conceal his activities, Gugnin regularly obfuscated invoices by digitally “whiting out” the names and addresses of his Russian customers.

    Gugnin also failed to implement Evita’s own purported anti-money laundering program and failed to file suspicious activity reports, as required under the Bank Secrecy Act. Although Gugnin represented to banks and cryptocurrency exchanges that Evita followed rigorous anti-money laundering and know-your-customer requirements, in practice he flouted those requirements, as well as the requirement to file reports of suspicious activities with the Financial Crimes Enforcement Network (FinCEN). Gugnin ultimately registered Evita Pay as a money transmitter with FinCEN and the state of Florida but did so by making materially false statements to the state of Florida about Evita Pay’s business. Gugnin used that fraudulently obtained state license to induce a cryptocurrency exchange to process transactions on his behalf.

    In the course of his scheme, Gugnin conducted web searches that confirmed his awareness that he was breaking the law, including searches for “how to know if there is an investigation against you”; “evita investments inc. criminal records search”; “Iurii Gugnin criminal records”; “money laundering penalties US”; and “penalties for sanctions violations EU luxury goods.” He also visited website pages titled, respectively “am I being investigated?”; “signs you may be under criminal investigation”; and “what are the best ways to find out if you’re being investigated and what can someone do when they think they might be under investigation.”

    If convicted, Gugnin faces a maximum penalty of 30 years in prison for each count of bank fraud; a maximum penalty of 20 years in prison for each of the wire fraud, IEEPA, money laundering, and related conspiracy counts; a maximum penalty of 10 years in prison for failure to implement an effective anti-money laundering program and failure to file suspicious activity reports; and a maximum penalty of five years in prison for conspiracy to defraud the United States and operating an unlicensed money transmitting business.

    Assistant U.S. Attorney Matthew Skurnik for the Eastern District of New York and Trial Attorney Dallas Kaplan of the National Security Division’s Counterintelligence and Export Control Section are prosecuting the case. Assistant U.S. Attorney Laura Mantell for the Eastern District of New York’s Asset Recovery Section is handling forfeiture matters.

    Today’s actions were coordinated through the Justice and Commerce Departments’ Disruptive Technology Strike Force. The Disruptive Technology Strike Force is an interagency law enforcement strike force co-led by the Departments of Justice and Commerce designed to target illicit actors, protect supply chains, and prevent critical technology from being acquired by authoritarian regimes and hostile nation-states.

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

    MIL Security OSI –

  • MIL-OSI USA: Types of Disaster Assistance Available

    Source: US Federal Emergency Management Agency

    Headline: Types of Disaster Assistance Available

    Types of Disaster Assistance Available

    AUSTIN – A major presidential disaster declaration was approved after the severe storms and flooding that occurred March 26-28, 2025, in Texas

    It authorizes FEMA to provide assistance in Cameron, Hidalgo, Starr and Willacy counties

     Disaster assistance can include grants for temporary housing and home repairs, low-cost loans to cover uninsured property losses and other programs to help residents and business owners recover from the impacts of the disaster

    FEMA’s Individual Assistance program directly helps disaster survivors with uninsured or underinsured basic critical needs such as returning a home to a safe, sanitary, functional and accessible environment during their recovery from a disaster

     Under Individual Assistance, FEMA provides several types of financial and direct assistance to eligible individuals and families

    These may include, but are not limited to:Housing AssistanceRental Assistance to rent alternate housing while an applicant is displaced from a disaster-damaged primary residence

    Rental Assistance and Continued Temporary Housing Assistance may be used to rent a house, apartment, manufactured home, recreational vehicle, or efficiency unit at a hotel or motel while your damaged residence is being repaired

    Lodging Expense Reimbursement for hotels, motels or other short-term lodging while an applicant is displaced from a disaster-damaged primary residence

    Home Repair Assistance to help restore an owner-occupied, disaster-damaged primary residence to safe and sanitary condition

    Replacement Assistance to help homeowners replace an owner-occupied primary residence when it is destroyed by a disaster

    Other Needs AssistanceDisplacement: Helps with housing needs if you cannot return to your home because of the disaster

    Serious Needs Assistance: An upfront, flexible “per household” payment for essential items such as food, water, baby formula, breast-feeding supplies, medicine and other serious disaster-related needs

    Note: This is not a reimbursement for loss of power or replacing food

    It is intended for emergency needs only

    Childcare: Assistance for childcare expenses or an increase in childcare expenses caused by a disaster

    Medical/Dental: Assistance to help cover expenses related to disaster-caused injuries or illnesses

    Personal Property: Helps repair or replace appliances, room furnishings, and a personal or family computer damaged in the disaster

    Transportation: Assistance to repair or replace a vehicle damaged by the disaster when you don’t have another vehicle to use

    Miscellaneous Items: Assistance that may help pay for specific items that were purchased or rented after the disaster to help you recover

    For example, a chainsaw to help clear fallen trees that prevent safe access to your home

    Moving and Storage: Assistance moving and storing personal property from your home to prevent additional damage, usually while making repairs to your home or moving to a new place due to the disaster

    Learn more about FEMA’s Individual Assistance program at fema

    gov/assistance/individual

    Disaster assistance to Texas for the March 26-28 severe storms and flooding includes:$34

    2 million in FEMA awards to 6,541 individuals and households, including nearly $58,000 for rental of temporary housing and basic repair of damaged dwellings$2

    4 million in U

    S

    Small Business Administration disaster loansTo meet survivors where they are, FEMA, SBA and the State of Texas are operating seven Disaster Recovery Centers in Cameron, Hidalgo, Starr and Willacy counties

    More than 3,400 people have visited these centers

    Survivors in Cameron, Hidalgo, Starr and Willacy counties may apply for federal assistance if they had damage in the March 26-28 storms

    The deadline to apply is July 22, 2025

     There are several ways to apply

    Visit a Disaster Recovery Center

    To find a center close to you, go online to: DRC Locator, or text DRC along with your Zip Code to 43362 (Ex: DRC 78552)

    Go to DisasterAssistance

    gov; download the FEMA App for mobile devices; or call the FEMA Helpline at 800-621-3362 between 6 a

    m

    and 10 p

    m

    CT

    Help is available in most languages

     If you use a relay service, captioned telephone or other service, you can give FEMA your number for that service

     For an accessible video on how to apply for assistance, go to Three Ways to Register for FEMA Disaster Assistance – YouTubeFor more information, visit fema

    gov/disaster/4871

    Follow FEMA Region 6 on social media at x

    com/FEMARegion6 and at facebook

    com/FEMARegion6/
    toan

    nguyen
    Mon, 06/09/2025 – 18:16

    MIL OSI USA News –

  • MIL-OSI USA: INITIAL PUBLIC NOTICE SAN JOAQUIN COUNTYWIDE BACKUP GENERATORS AND PUMPS

    Source: US Federal Emergency Management Agency

    Headline: INITIAL PUBLIC NOTICE SAN JOAQUIN COUNTYWIDE BACKUP GENERATORS AND PUMPS

    INITIAL PUBLIC NOTICE SAN JOAQUIN COUNTYWIDE BACKUP GENERATORS AND PUMPS

    INITIAL PUBLIC NOTICE SAN JOAQUIN COUNTYWIDE BACKUP GENERATORS AND PUMPS SAN JOAQUIN COUNTY, CALIFORNIALPDM-PJ-09-CA-2024-001The U
    S
    Department of Homeland Security’s Federal Emergency Management Agency (FEMA) intends to provide federal financial assistance under the Legislative Pre-Disaster Mitigation Program to San Joaquin County in San Joaquin County, California, to improve water and storm drainage system reliability and resiliency against power outages during storm and flood events
    The proposed action would mitigate impacts from flood hazards by installing five emergency backup generators and upgrading one pump at existing pump stations
    Pursuant to Executive Order 11988 (Floodplain Management) and FEMA’s implementing regulations at Title 44 of the Code of Federal Regulations Part 9, FEMA hereby provides interested parties with a notice of its intent to carry out an action affecting a floodplain
    The purpose of the proposed action is to reduce flood hazards
    The proposed action would occur at five pump station locations and consists of installing a new gas generator and upgrading the existing pump at one location, replacing an existing generator with a new gas generator at another location, and installing new gas generators at three other locations
    The generators would be installed with new gas connections, automatic transfer switches, and electrical connections with new electrical service
    The proposed generators would be placed on concrete pads
    Services would feed from the public right-of-way to each site with new gas meters installed prior to connection of each generator
    The proposed pump improvements would discharge flows to Fourteen Mile Slough which is in the 100-year floodplain as depicted on the FEMA Flood Insurance Rate Map (FIRM), Map Number 06077C0455F, effective date October 16, 2009
    The FIRM shows that Fourteen Mile Slough lies within Zone AE, an area that has a 1-percent probability of flooding every year and where predicted floodwater elevations have been established
    Additional information about FEMA’s proposed action, including maps showing the potential impacts on floodplains, may be obtained by writing the FEMA Region 9 Environmental Officer at FEMA, 1111 Broadway, Suite 1200, Oakland, California 94607, or fema-rix-ehp-documents@fema
    dhs
    gov
    All requests should be received within 15 days after publication of this notice

    eileen
    chao
    Mon, 06/09/2025 – 16:04

    MIL OSI USA News –

  • MIL-OSI Security: Founder of Cryptocurrency Payment Company Charged with Evading Sanctions and Export Controls, Defrauding Financial Institutions, and Violating the Bank Secrecy Act

    Source: United States Attorneys General 8

    Defendant Allegedly Laundered More Than $500M Through the U.S. Financial System, Including by Facilitating Transactions with Sanctioned Russian Banks

    A 22-count indictment was unsealed today charging Iurii Gugnin, also known as Iurii Mashukov and George Goognin, 38, a resident of New York and citizen of Russia, with various offenses related to using his cryptocurrency company Evita to funnel more than $500 million of overseas payments through U.S. banks and cryptocurrency exchanges while hiding the source and purpose of the transactions.

    According to court documents, Gugnin is charged with wire and bank fraud, conspiracy to defraud the United States, violation of the International Emergency Economic Powers Act (IEEPA), operating an unlicensed money transmitting business, failing to implement an effective anti-money laundering compliance program, failing to file suspicious activity reports, money laundering, and related conspiracy charges. Gugnin was arrested and arraigned today in New York.

    “The defendant is charged with turning a cryptocurrency company into a covert pipeline for dirty money, moving over half a billion dollars through the U.S. financial system to aid sanctioned Russian banks and help Russian end-users acquire sensitive U.S. technology,” said John A. Eisenberg, Assistant Attorney General for National Security. “The Department of Justice will not hesitate to bring to justice those who imperil our national security by enabling our foreign adversaries to sidestep sanctions and export controls.”

    “As alleged, Gugnin came to the United States and set up a money laundering operation under the guise of a cryptocurrency start-up, which he then used to evade sanctions and export controls and defraud U.S. financial institutions,” said U.S. Attorney Joseph Nocella Jr. for the Eastern District of New York. “Today’s arrest demonstrates that this Office will vigorously prosecute those who abuse the U.S. financial system in furtherance of criminal activity, particularly when it undermines national security.”

    “Gugnin’s cryptocurrency company allegedly served as a front to launder hundreds of millions of dollars for sanctioned Russian entities and to obtain export-controlled technology for the Russian government,” said Assistant Director Roman Rozhavsky of the FBI’s Counterintelligence Division. “Let this serve notice that using cryptocurrency to hide illegal conduct will not prevent the FBI and our partners from holding you accountable.”

    As alleged in the indictment, Gugnin is the founder, President, Treasurer, and Compliance Officer of U.S-based Evita Investments Inc. (Evita Investments) and Evita Pay Inc. (Evita Pay) (collectively, Evita). Gugnin used both companies to enable foreign customers — many of whom held funds at sanctioned Russian banks — to provide him with cryptocurrency, which he then laundered through cryptocurrency wallets and U.S. bank accounts. Gugnin ultimately converted the funds into U.S. dollars or other fiat currencies and then made payments through bank accounts in Manhattan on behalf of his foreign customers. In the process, the sources of the funds were obscured, disguising the audit trail and hiding the true counterparties to the transactions. Between June 2023 and January 2025, Gugnin used Evita to facilitate the movement of approximately $530 million through the U.S. financial system, most of which he received in the form of a cryptocurrency stablecoin known as Tether, or “USDT.”

    To effectuate the scheme, Gugnin defrauded various banks and cryptocurrency exchanges through which he converted funds and made wire transfers. Gugnin repeatedly lied to these banks and exchanges, telling them that Evita did not conduct business with entities in Russia and did not deal with sanctioned entities. In fact, many of Gugnin’s customers were located in Russia, and he facilitated payments in funds held at sanctioned Russian banks, including PJSC Sberbank, PJSC Sovcombank, PJSC VTB Bank, and JSC Tinkoff Bank. Gugnin maintained personal accounts at two sanctioned Russian banks, JSC Alfa-Bank and PJSC Sberbank, with which he transacted while residing in the United States. Gugnin also facilitated payments by foreign customers to procure sensitive electronics, including an export-controlled server designed by a U.S. technology company, and laundered funds from a Moscow-based supplier to purchase parts for Rosatom, Russia’s state-owned nuclear technology company. To conceal his activities, Gugnin regularly obfuscated invoices by digitally “whiting out” the names and addresses of his Russian customers.

    Gugnin also failed to implement Evita’s own purported anti-money laundering program and failed to file suspicious activity reports, as required under the Bank Secrecy Act. Although Gugnin represented to banks and cryptocurrency exchanges that Evita followed rigorous anti-money laundering and know-your-customer requirements, in practice he flouted those requirements, as well as the requirement to file reports of suspicious activities with the Financial Crimes Enforcement Network (FinCEN). Gugnin ultimately registered Evita Pay as a money transmitter with FinCEN and the state of Florida but did so by making materially false statements to the state of Florida about Evita Pay’s business. Gugnin used that fraudulently obtained state license to induce a cryptocurrency exchange to process transactions on his behalf.

    In the course of his scheme, Gugnin conducted web searches that confirmed his awareness that he was breaking the law, including searches for “how to know if there is an investigation against you”; “evita investments inc. criminal records search”; “Iurii Gugnin criminal records”; “money laundering penalties US”; and “penalties for sanctions violations EU luxury goods.” He also visited website pages titled, respectively “am I being investigated?”; “signs you may be under criminal investigation”; and “what are the best ways to find out if you’re being investigated and what can someone do when they think they might be under investigation.”

    If convicted, Gugnin faces a maximum penalty of 30 years in prison for each count of bank fraud; a maximum penalty of 20 years in prison for each of the wire fraud, IEEPA, money laundering, and related conspiracy counts; a maximum penalty of 10 years in prison for failure to implement an effective anti-money laundering program and failure to file suspicious activity reports; and a maximum penalty of five years in prison for conspiracy to defraud the United States and operating an unlicensed money transmitting business.

    Assistant U.S. Attorney Matthew Skurnik for the Eastern District of New York and Trial Attorney Dallas Kaplan of the National Security Division’s Counterintelligence and Export Control Section are prosecuting the case. Assistant U.S. Attorney Laura Mantell for the Eastern District of New York’s Asset Recovery Section is handling forfeiture matters.

    Today’s actions were coordinated through the Justice and Commerce Departments’ Disruptive Technology Strike Force. The Disruptive Technology Strike Force is an interagency law enforcement strike force co-led by the Departments of Justice and Commerce designed to target illicit actors, protect supply chains, and prevent critical technology from being acquired by authoritarian regimes and hostile nation-states.

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

    MIL Security OSI –

  • MIL-OSI United Kingdom: National enterprise honours for Highland school

    Source: Scotland – Highland Council

    Budding entrepreneurs from a Highland school are celebrating following triumphs at two top enterprise events.

    In the last two weeks team Solasta, from Fortrose Academy, won the Scottish Company of the Year at the Young Enterprise Scotland Awards in Glasgow and went on to triumph in Manchester at the UK Company of the Year finals event last Wednesday (4 June).

    At both events Solasta were recognised for their expertise in designing, producing and selling their intergenerational journals which encourage families to connect and record their memories.

    The team will now go on to represent the UK at the Junior Achievement European awards in Athens, Greece on 1-3 July, known as the European “Oscars” of Youth Entrepreneurship.

    Councillor John Finlayson, chair of Highland Council’s education committee, said: “I was delighted to hear about Solasta, the team from Fortrose Academy who won the UK Young Enterprise final in Manchester on the 4th of June.

    “As someone who has always promoted the importance of including enterprise in the work of all our schools, I congratulate Fortrose staff and pupils on their success and I wish them well in the European final in Greece on 4th July.”

    The Young Enterprise Scotland Company Programme for Highland and Moray runs in partnership with local schools to encourage young people to experience the challenges of running a business.

    Over the course of a year teams from individual schools learn how to run a successful business by designing and making products, marketing them and managing the financial side.

    The scheme is aimed at 15- to 19-year-olds and teams are supported by teachers, a volunteer business adviser from the local community, and a Young Enterprise Scotland area team.

    The Solasta team involved S6 pupils Amy MacRae, Natasha Browne, Imogen Geddes, Imogen Maclarty, Roisin Beattie, Abbie Harper, Freya Campbell and Keira Chisholm.

    Their idea for producing a journal was sparked through the school’s own well established inter-generational links with community charity Black Isle Cares and the Eilean Dubh Care Home.

    Keira Lyall, Head of Business Studies at Fortrose Academy, added: “The team are still on a high after their great achievement and the tremendous experience of taking part in both finals.

     “We’d like to thank everyone who generously stepped in quickly to provide sponsorship to help us travel to Manchester and represent the Highlands on a national stage.

    “We are now making plans to get to Athens for the European finals in July and if any local business would like to get involved, please email us on keira.lyall@highland.gov.uk.” 

    Linda Thomas, Chair of Young Enterprise Highland and Moray, said: “We are absolutely delighted but not at all surprised at Solasta’s success.

    “Their hard work, tenacity and creativity have been a joy to watch and they are a true credit to the Highlands.

     “Their win at the national finals in Glasgow brings the tally of teams from the Highlands and Moray who have won the top Young Enterprise Scotland award to ten over the last 18 years – a clear demonstration that young people from this area absolutely have all it takes to succeed in the world of work.”

    Fortrose has a long tradition of supporting young enterprise in the school, having been previous UK winners in 2008.

    Press release issued by Young Enterprise Highland and Moray and The Highland Council

    Caption: Solasta at the Young Enterprise UK final with Graham Farhall, Finance Director at sponsor Delta Airline and Sarah Poretta, CEO of YE UK

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Dmitry Grigorenko: The government is creating a Center for the Development of Artificial Intelligence

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    The Government is creating a Center for the Development of Artificial Intelligence. The corresponding decision was made at a Government meeting. Its goal is to systematize the implementation of AI technology in Russia. The Center will select and replicate standard solutions, coordinate government agencies, regions and businesses, provide expert and methodological support, and organize international cooperation. The work of the Center will be coordinated by Deputy Prime Minister – Chief of Staff of the Government Dmitry Grigorenko.

    “The introduction of AI into the economy, social sphere and public administration is already producing results today. Our task is to make the results of the introduction of artificial intelligence available to all Russians, and to increase our country’s competitiveness in world markets through the development of modern technologies. The center is being created to coordinate the efforts of all participants in the process of developing AI technologies in Russia,” commented Dmitry Grigorenko.

    Since 2025, the national project “Data Economy and Digital Transformation of the State” has been implemented in Russia, an important part of which is the federal project “Artificial Intelligence”. In addition, each federal executive body and each region has developed its own digital transformation programs, which outline the tasks for the implementation of artificial intelligence. All this work requires end-to-end coordination to synchronize the results.

    In addition to coordination, an important task of the center will be to replicate the best practices that already exist in Russia. Best practices are understood as solutions that have not only proven their effectiveness, but are also safe. The center’s tasks will also include regulatory framework for ensuring the safety of AI technologies in Russia and organizing international cooperation.

    The AI Development Center is being created on the basis of the Analytical Center under the Government of Russia as a federal project office.

    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.

    MIL OSI Russia News –

  • MIL-OSI USA: Governor Polis Thanks Senator Lundeen for Years of Service Following Resignation

    Source: US State of Colorado

    DENVER – Governor Polis released a statement following the announcement of Senator Paul Lundeen’s resignation from the Colorado General Assembly. 

    “I want to thank Paul Lundeen for his years of service to Colorado. Paul has always found ways to work across the aisle, and do what is best for the people he has served. We’ve often found common ground on the issues that matter most to Coloradans, like education, public safety and growing our economy. Senator Lundeen has spent decades in public service, in addition to his time leading small businesses, and his presence and leadership will be missed at the Capitol,” said Governor Jared Polis. 

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    MIL OSI USA News –

  • MIL-OSI Europe: Public development banks launch Clean Oceans Initiative 2.0 after original initiative delivered on its target ahead of time

    Source: European Investment Bank

    Unsplash

    • Public development banks launch Clean Oceans Initiative 2.0 at the UN Ocean Conference, setting a new €3 billion financing target for 2026–2030 to tackle ocean plastic pollution.
    • The original Clean Oceans Initiative reached its €4 billion financing target for plastic pollution reduction projects seven months ahead of schedule.
    • COI 2.0 expands the partnership’s focus beyond pollution management to include waste prevention and circular economy solutions and welcomes new regional partner ADB to strengthen efforts in Asia.

    Building on a shared commitment to marine sustainability, six public development banks today launched the Clean Oceans Initiative 2.0 (COI 2.0), a renewed and expanded partnership dedicated to drastically reducing plastic pollution in the world’s oceans. At the United Nations Ocean Conference in the city of Nice, Agence Française de Développement (AFD), European Investment Bank (EIB), Kreditanstalt für Wiederaufbau (KfW), Cassa Depositi e Prestiti (CDP), and European Bank for Reconstruction and Development (EBRD) together with the Asian Development Bank (ADB), which joins the initiative as a new member, set a financing target of €3 billion for the years 2026 to 2030.

    Launched in 2018 and extended in 2022, the Clean Oceans Initiative is the largest multilateral effort dedicated to funding projects that reduce plastic pollution at sea. In May this year – seven months ahead of schedule – the initiative met its target of €4 billion in long-term financing for public and private sector projects aimed at reducing discharge of plastics, micro-plastics and other litter into the oceans through improved management of solid waste, wastewater and stormwater. Project examples include improved wastewater treatment in Sri Lanka, China, Egypt, and South Africa; solid waste management in Togo and Senegal; and flood protection in Benin, Morocco, and Ecuador.  

    According to the United Nations, if current trends continue the amount of plastic waste entering aquatic ecosystems could triple—from around 11 million tonnes in 2021 to 23–37 million tonnes per year by 2040. The new phase of the Clean Oceans Initiative is the international financial community’s response to these challenges. COI 2.0 will maintain its focus on reducing marine litter, while increasing its impact by placing a stronger emphasis on waste prevention and supporting circular economy solutions, including projects that develop alternatives to plastic.

    Some of the highest amounts of plastic enter the ocean in Asia, making it essential to join forces with local partners. The Asian Development Bank brings crucial regional expertise to the initiative and will be able to leverage projects in its area of action. Going forward, one of the objectives is to measure the impact of the enhanced initiative using scientifically robust and easy-to-apply indicators, especially in the areas of plastic pollution prevention.

    “Delivering on our initial target ahead of schedule demonstrates the power of partnership and collective action,” said EIB Vice-President Ambroise Fayolle. “Through the Clean Oceans Initiative 2.0, we are expanding our collaboration with local partners to deliver innovative solutions where they are needed most. The EIB is committed to supporting projects that make a real and measurable difference, setting new benchmarks for impact as we continue our mission to keep plastics out of the world’s oceans.”

    Background information

    Oceans are vital to life on Earth, providing food, income, climate regulation, and natural resources for billions of people. They absorb about 30% of global carbon dioxide emissions, helping to buffer climate change.

    Plastic pollution threatens marine ecosystems and the livelihoods of millions who depend on healthy oceans. Most ocean plastics originate from mismanaged waste on land, often carried by rivers due to inadequate waste collection and water treatment, especially in rapidly growing cities. Microplastics alone account for an estimated 1.5 million tonnes entering the oceans each year.

    The Clean Oceans Initiative 2.0 focuses on projects in coastal areas that address plastic pollution entering the ocean, particularly in Asia, Africa, and Latin America, where inadequate waste and water management in major river systems remains a critical challenge.

    EIB 

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.  

    All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.  

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News –

  • MIL-OSI Europe: Luxembourg and EIB Global team up to help Small Island Developing States confront climate change

    Source: European Investment Bank

    • Luxembourg is tapping EIB Global expertise through the Luxembourg-EIB Climate Finance Platform (LCFP) to contribute €5 million to the Outrigger Impact Fund I.
    • The Fund has a target size of $100 million and aims to provide finance to projects in various sectors of the oceans economy.
    • Outrigger Impact Fund I will provide debt and equity financing to help Small Island Development States adapt to climate change and reduce greenhouse gas emissions.

    Luxembourg is joining forces with the European Investment Bank’s development arm (EIB Global) to pledge €5 million through the Luxembourg-EIB Climate Finance Platform (LCFP) to help Small Island Development States (SIDS) tackle climate change. The Government of Luxembourg is making the commitment to a new fund dedicated to the sustainable use of ocean resources – an area of activity known as the “blue economy” – and EIB Global is managing the contribution to ensure its optimal use.

    Luxembourg’s pledge will take the form of junior equity in the Outrigger Impact Fund I, which has a target size of $100 million and will be run by UK-based fund manager Outrigger Impact. The fund will operate in Small Island Development States, providing debt and equity finance to projects in various blue economy sectors such as sustainable aquaculture, ocean conservation, ecotourism and offshore renewable energy.

    “This investment reflects our ambition to drive more capital towards climate resilience where it is most urgently needed. By backing the Outrigger Impact Fund I through the provision of junior equity, we aim to de-risk innovative projects in the blue economy and mobilise private finance at scale. This is a targeted use of public capital to unlock impact where markets alone would not go,” said Luxembourg Minister of Finance Gilles Roth.  

    “Over the last decade, Luxembourg has been committed to supporting the most vulnerable countries in the fight against climate change. Small Island Development States are disproportionally affected and face a finance gap at the same time. The blue economy offers an opportunity for SIDS to help adapt to climate change, protect and restore nature, while generating sustainable income for the most vulnerable communities,” said Minister of Environment, Climate and Biodiversity Serge Wilmes.  

    EIB Vice-President Ambroise Fayolle and Outrigger Impact Managing Director Simon Dent announced Luxembourg’s contribution at the 2025 United Nations Ocean Conference in Nice, France.

    “Small Island Developing States are disproportionately at risk of the impacts of climate change and receive immeasurably less financing than other developing or low-income countries. That’s why this fund is important – at the portfolio level it is expected to multiply investments with a significant leverage,” said Vice-President Fayolle.

    The involvement of Luxembourg and the EIB in the new fund advances an EU goal in its “Global Gateway Investment Agenda” to deepen worldwide cooperation on investment in areas including climate and the environment.

    The investments by the new fund will reduce greenhouse gas emissions through clean transport, contribute to conservation of protected areas and coral reefs, and reduce pollution including plastics in the ocean. The financing will also increase the resilience of local communities to climate change.

    The fund will leverage private investments and group projects across Small Island Development States to support new or small market players that are developing innovative business models backing the transition to a sustainable blue economy.

    “This new fund will provide catalytic investment in projects, small and medium-sized enterprises and nature-based solutions in Small Island Development States. These states steward over 30% of our oceans through their exclusive economic zones, meaning that their blue economies, ecosystems and sustainable marine assets are full of environmental, social and economic potential,” said Outrigger Impact Managing Director Simon Dent.

    Background information

    About EIB Global

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by the Member States. It finances investments that pursue EU policy objectives.

    EIB Global is the EIB Group’s specialised arm devoted to increasing the impact of international partnerships and development finance, and a key partner of Global Gateway. It aims to support €100 billion of investment by the end of 2027 – around one-third of the overall target of this EU initiative. Within Team Europe, EIB Global fosters strong, focused partnerships alongside fellow development finance institutions and civil society. EIB Global brings the EIB Group closer to people, companies and institutions through its offices across the world. Photos of EIB headquarters for media use are available here.

    About the Luxembourg-EIB Climate Finance Platform (LCFP)

    The LCFP is a de-risking platform initiated by the Government of Luxembourg in collaboration with the EIB that seeks to catalyse private sector investments in high-impact climate projects in developing countries.

    About Outrigger Impact

    Outrigger Impact is a specialised blue economy platform, which is developing a dedicated financing facility to build environmental and economic resilience and drive nature-positive outcomes in Small Island Developing States, by catalysing and leveraging the blue economy and enhancing the sustainability of ocean resources. The Outrigger Impact Fund will provide investment capital for blue economy projects in a range of Small Island Developing States, and the Outrigger Technical Assistance Facility will provide grants and concessionary loans to support early-stage projects in islands, with the common aim of delivering dedicated funding of more than $100 million to catalytic projects in island states.

    MIL OSI Europe News –

  • MIL-OSI USA: Reed Seeks to Block Trump-Republicans Plan to Take From the Needy to Give to the Greedy

    US Senate News:

    Source: United States Senator for Rhode Island Jack Reed

    ***WATCH THE SPEAKING PROGRAM HERE***

    PROVIDENCE, RI – U.S. Senator Jack Reed today joined with faith leaders and hunger prevention advocates at the Rhode Island Community Food Bank to demand action against a House Republican-passed tax bill that will make the largest cut to the Supplemental Nutrition Assistance Program (SNAP) in American history.

    Republicans in the U.S. House of Representatives recently passed a 1,000+ page bill to take nutrition assistance from the needy in order to give billionaires a bigger tax windfall. Their so-called “Big, Beautiful Bill” includes nearly $300 billion in cuts targeting SNAP, which helps millions of working families and low-income seniors afford groceries. 

    With over $85 million in annual nutrition assistance for Rhode Island at stake and approximately 17,000 Rhode Islanders at risk of losing access to nutrition assistance, the Republicans’ House-passed tax bill would devastate essential SNAP benefits at the same time that President Trump’s tariff taxes are adding over $200 to grocery bills for average American families.

    According to an analysis by the Center for Budget and Policy Priorities, the Trump-Republican tax bill would result in 7 million people nationwide losing food assistance.  The House-passed SNAP cuts would be a disaster for hungry families and for states – permanently saddling states with extra costs and reducing nutrition assistance that millions of low-income Americans rely upon.

    “SNAP is a proven, cost-effective lifeline for more than 144,000 Rhode Islanders, especially low-income children and seniors. When Republicans threaten to cut SNAP benefits, they’re really threatening public health, working families, and our economy.  Access to food is essential for everyone.  The Republican plan would mean less food for the poor, fewer jobs, and less economic activity in the community.  It would increase hunger and hardship,” said Reed.  “Every dollar in federal SNAP investment generates over $1.50 in economic activity.  If you start taking hundreds of millions of dollars out of the local economy, it means stores close, farms go under, and food prices keep going up. Ultimately, the Republican plan would make it harder for Rhode Island families to afford their grocery bills.  I will do everything I can to block these devastating cuts from becoming law.”

    “The impact that this cut will have on families, children, seniors, and veterans will be catastrophic,” said Lisa Roth Blackman, Chief Philanthropy Officer of the Rhode Island Community Food Bank. “Kids will be less ready to learn in school. Working adults won’t have the energy to work. Seniors will be forced to make terrible choices about whether to pay for prescriptions and healthcare or food. And veterans and people with disabilities will struggle to get the food they need to survive and thrive.”

    “Every month, an average of fifteen new households come through our doors for the first time because they cannot afford to put enough food on the table to meet their family’s needs,” said Kate Brewster, CEO of the Jonnycake Center for Hope in South Kingstown. “The ripple effects of the proposed SNAP cuts will be devastating at an already uncertain time. I’m grateful to Senator Reed for standing up against these cuts to the most basic human need – nourishment.”

    “We have 1,000 children who receive food at our pantry – just at one pantry,” shared Reverend Maryalice Sullivan of Pete & Andy’s Food Pantry at St. Peter & St. Andrew’s Church in Providence. “The need is already so high. We simply can’t afford a catastrophic cut like the one the administration is talking about.”

    Not only would the House-passed Republican plan cut SNAP by roughly 30 percent, it would reduce monthly nutrition assistance for children from low-income families, seniors, disabled Americans, and veterans below what is necessary to maintain a healthy diet while placing a greater burden on states while adding red tape and harsher work requirements for caregivers.

    Over 144,000 Rhode Island residents receive SNAP benefits, and the state receives roughly $343.5 million annually in SNAP benefits.  A recent analysis by Trace One placed Rhode Island 15th in the nation based on its share of individuals receiving SNAP benefits. 

    In Fiscal Year (FY) 2024, SNAP participants in Rhode Island received an average of $198.52 per month in SNAP benefits.  This averages $6.52 per person per day.

    In addition to increasing hunger for people with lower incomes who are already struggling, Senator Reed warns that the Republican plan to shift the program’s cost to states will hurt taxpayers, farmers, grocers, delivery drivers, and other small businesses.  Senator Reed noted SNAP’s role in supporting public health is critical and the House-passed Republican cuts would be devastating to families and communities across Rhode Island. 

    The House-passed Republican bill would require all states to pay a 5 percent cost-share, shifting the burden from the federal government to the states.  States with higher payment error rates would have to pay even more. 

    SNAP helps ensure strong, consistent sales for American farmers by boosting low-income families’ purchasing power and demand for agricultural products. In addition to traditional retailers, SNAP directly supports local farmers through demand for produce, meat, and dairy products at farmers’ markets and through initiatives such as Bonus Bucks, which provides a dollar-for-dollar match for purchases of fresh fruits and vegetables.

    Reed emphasized that the entire state would be impacted by these SNAP cuts through lost productivity and increased expenditures in other public areas, such as health care.

    “The irresponsible Republican plan to gut SNAP would increase poverty and make people less healthy more food insecure.  That impacts recipients, neighbors, communities – all of us.  As food insecurity goes up, productivity goes down and health care costs go up,” said Reed.  “We live in the greatest country on Earth and can afford to ensure people don’t go hungry.  Funding this program is a moral, economic, and public health imperative.”

    Rhode Island food pantries have reported a spike in demand recently. Several food pantry operators across the state have put out the call for increased food donations as demand increases beyond usual expectations for this time of year, and cuts to SNAP, Medicaid, and other programs could exacerbate the demand for food aid.

    The Rhode Island Community Food Bank distributes food through its 147 member agencies, reaching approximately 89,000 food-insecure Rhode Islanders each month.  The non-profit provides nutritious staples and fresh produce to food pantries, meal sites, shelters, youth programs and senior centers.  In FY2024, the Rhode Island Community Food Bank distributed 18.3 million pounds of food.

    MIL OSI USA News –

  • MIL-OSI USA: Kaine Statement on Trump’s Activation of National Guard in California Over Local Officials’ Objections

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine

    WASHINGTON, D.C. – Today, U.S. Senator Tim Kaine (D-VA) issued the following statement regarding President Donald Trump’s activation of 2,000 National Guard troops in California, over the objections of California Governor Gavin Newsom and Los Angeles Mayor Karen Bass, in response to immigration protests:

    “Trump is trying to escalate violence with this move. I strongly condemn violence on American streets of any kind, whether it be from demonstrators or law enforcement. As a former Mayor and Governor, I know that local and state law enforcement can handle this. California officials have NOT asked for help from the National Guard. Deploying them unasked, with publicity hound Hegseth saying that he’s ready to send in Marines, is an attention-grabbing stunt to take people’s minds off Trump’s reckless destruction of the US economy and widespread corruption and incompetence.”

    MIL OSI USA News –