Category: Finance

  • MIL-OSI: Matt Morgan Joins Netcapital Crypto Advisory Board

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, MA, June 12, 2025 (GLOBE NEWSWIRE) — Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced that Matt Morgan has joined the Company’s newly established Crypto Advisory Board.

    A seasoned advisor to multiple blockchain ventures, Matt Morgan currently serves as an advisor to World Liberty Financial, a decentralized finance (DeFi) initiative backed by Donald Trump. He brings extensive expertise in digital asset strategy, decentralized systems, and the evolving regulatory landscape.

    Morgan joins an accomplished group of industry leaders on the Crypto Advisory Board, including Kyle Klemmer, Josh Meier, Eric Galen, Armondo Soto, and Noah Holmes.

    “The integration of blockchain, digital assets, and crypto with traditional finance presents an exciting opportunity for Netcapital to lead in shaping the future of capital formation,” said Martin Kay, CEO of Netcapital Inc. “We are excited to welcome Matt and the entire Crypto Advisory Board to the team as we pursue innovation at the intersection of fintech and decentralized finance.”

    In connection with their appointments, the Company has granted each Crypto Advisory Board member stock options under its 2023 Equity Incentive Plan.

    Company Also Announces PIPE Financing to Support Growth

    In a separate announcement, the Company issued an aggregate of 118,750 shares of its common stock at a purchase price of $4.00 per share, for gross proceeds of $475,000, in a private placement to ten accredited investors. The shares are subject to a price reset provision, which adjusts the effective purchase price in the event the Company issues additional equity securities at a lower price in the future. However, in accordance with Nasdaq Listing Rule 5635(d), the adjusted price shall not be lower than the “Minimum Price,” which is $2.56.

    The Company intends to use the net proceeds from the offering for general corporate purposes.

    The securities described above have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. The Company has agreed to file a resale registration statement with the U.S. Securities and Exchange Commission (the “SEC”) covering the resale of the securities issued in the offering.

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

    About Netcapital Inc.

    Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company’s consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal, Inc. is registered with the SEC and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. The Company’s broker-dealer, Netcapital Securities Inc., is also registered with the SEC and is a member of FINRA.

    Forward Looking Statements

    The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

    Investor Contact

    800-460-0815 ir@netcapital.com

    The MIL Network

  • MIL-OSI Russia: The 3rd Tianjin International Shipping Industry Expo Brings Significant Results

    Translation. Region: Russian Federal

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

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

    TIANJIN, June 12 (Xinhua) — The 3rd Tianjin International Shipping Expo opened Thursday in north China’s Tianjin Municipality, with agreements signed on 70 key projects with a total investment of over 40 billion yuan (about 5.6 billion U.S. dollars), organizers said.

    These projects cover important sectors such as marine equipment manufacturing, port and shipping logistics, trade, clean fuels and shipping finance.

    The projects will greatly enhance the city’s role as a northern international shipping hub and accelerate the integration of port, industry and urban development, a Tianjin Investment Promotion Authority official said.

    The EXPO, which includes nine thematic zones with a total area of over 50,000 square meters, is attended by over 440 enterprises, renowned ports and industry associations. –0–

    MIL OSI Russia News

  • MIL-OSI: Micron HBM Designed into Leading AMD AI Platform

    Source: GlobeNewswire (MIL-OSI)

    A Media Snippet accompanying this announcement is available in this link.

    BOISE, Idaho, June 12, 2025 (GLOBE NEWSWIRE) — Micron Technology, Inc. (Nasdaq: MU) today announced the integration of its HBM3E 36GB 12-high offering into the upcoming AMD Instinct™ MI350 Series solutions. This collaboration highlights the critical role of power efficiency and performance in training large AI models, delivering high-throughput inference and handling complex HPC workloads such as data processing and computational modeling. Furthermore, it represents another significant milestone in HBM industry leadership for Micron, showcasing its robust execution and the value of its strong customer relationships.

    Micron HBM3E 36GB 12-high solution brings industry-leading memory technology to AMD Instinct™ MI350 Series GPU platforms, providing outstanding bandwidth and lower power consumption.1 The AMD Instinct MI350 Series GPU platforms, built on AMD advanced CDNA 4 architecture, integrate 288GB of high-bandwidth HBM3E memory capacity, delivering up to 8 TB/s bandwidth for exceptional throughput. This immense memory capacity allows Instinct MI350 series GPUs to efficiently support AI models with up to 520 billion parameters—on a single GPU. In a full platform configuration, Instinct MI350 Series GPUs offers up to 2.3TB of HBM3E memory and achieves peak theoretical performance of up to 161 PFLOPS at FP4 precision, with leadership energy efficiency and scalability for high-density AI workloads. This tightly integrated architecture, combined with Micron’s power-efficient HBM3E, enables exceptional throughput for large language model training, inference and scientific simulation tasks—empowering data centers to scale seamlessly while maximizing compute performance per watt. This joint effort between Micron and AMD has enabled faster time to market for AI solutions.

    “Our close working relationship and joint engineering efforts with AMD optimize compatibility of the Micron HBM3E 36GB 12-high product with the Instinct MI350 Series GPUs and platforms. Micron’s HBM3E industry leadership and technology innovations provide improved TCO benefits to end customers with high performance for demanding AI systems,” said Praveen Vaidyanathan, vice president and general manager of Cloud Memory Products at Micron.

    “The Micron HBM3E 36GB 12-high product is instrumental in unlocking the performance and energy efficiency of AMD Instinct™ MI350 Series accelerators,” said Josh Friedrich, corporate vice president of AMD Instinct Product Engineering at AMD. “Our continued collaboration with Micron advances low-power, high-bandwidth memory that helps customers train larger AI models, speed inference and tackle complex HPC workloads.”

    Micron HBM3E 36GB 12-high product is now qualified on multiple leading AI platforms. For more information on Micron’s HBM product portfolio, visit: High-bandwidth memory | Micron Technology Inc.

    Additional Resources:

    About Micron Technology, Inc.

    Micron Technology, Inc. is an industry leader in innovative memory and storage solutions, transforming how the world uses information to enrich life for all. With a relentless focus on our customers, technology leadership, and manufacturing and operational excellence, Micron delivers a rich portfolio of high-performance DRAM, NAND, and NOR memory and storage products through our Micron® and Crucial® brands. Every day, the innovations that our people create fuel the data economy, enabling advances in artificial intelligence (AI) and compute-intensive applications that unleash opportunities — from the data center to the intelligent edge and across the client and mobile user experience. To learn more about Micron Technology, Inc. (Nasdaq: MU), visit micron.com.

    © 2025 Micron Technology, Inc. All rights reserved. Information, products, and/or specifications are subject to change without notice. Micron, the Micron logo, and all other Micron trademarks are the property of Micron Technology, Inc. All other trademarks are the property of their respective owners.

    Micron Product and Technology Communications Contact:
    Mengxi Liu Evensen
    +1 (408) 444-2276
    productandtechnology@micron.com

    Micron Investor Relations Contact
    Satya Kumar
    +1 (408) 450-6199
    satyakumar@micron.com

    ____________________________
    1
    Data rate testing estimates are based on shmoo plot of pin speed performed in a manufacturing test environment. Power and performance estimates are based on simulation results of workload uses cases.

    The MIL Network

  • MIL-OSI USA: Murkowski Welcomes Eielson AFB Announcement on Microreactor Pilot Program

    US Senate News:

    Source: United States Senator for Alaska Lisa Murkowski
    06.12.25
    Washington, DC – Today, U.S. Senator Lisa Murkowski (R-AK) welcomed the United States Department of the Air Force’s (DAF) Notice of Intent to Award the microreactor pilot project at Eielson Air Force Base (AFB). This announcement clears the way for the DAF and the Nuclear Regulatory Commission to prepare an environmental analysis.
    Microreactors are small nuclear reactors that can be transportable, offering operational flexibility that can benefit remote and rural communities. Senator Murkowski is a long-time advocate of microreactor technology, providing support for small modular and microreactors through her work on the Senate Appropriations Committee, the Energy Act, and the Infrastructure Investment and Jobs Act (IIJA). She has also worked to secure key policy provisions to advance innovative energy technologies through the National Defense Authorization Act (NDAA) and in her capacity as a senior member of the Energy and Natural Resources Committee.
    “This announcement, though long-delayed, is a very welcome development and brings us one step closer to having this critical next generation of clean, baseload energy technology to help power our communities,” said Senator Murkowski. “Microreactors have the potential to provide safe and affordable energy to remote rural areas, which is why I’ve been spearheading investment in this technology in Congress for years.”

    MIL OSI USA News

  • MIL-OSI: AMD Unveils Vision for an Open AI Ecosystem, Detailing New Silicon, Software and Systems at Advancing AI 2025

    Source: GlobeNewswire (MIL-OSI)

    — Only AMD powers the full spectrum of AI, bringing together leadership GPUs, CPUs, networking and open software to deliver unmatched flexibility and performance —

    — Meta, OpenAI, xAI, Oracle, Microsoft, Cohere, HUMAIN, Red Hat, Astera Labs and Marvell discussed how they are partnering with AMD for AI solutions —

    SANTA CLARA, Calif., June 12, 2025 (GLOBE NEWSWIRE) — AMD (NASDAQ: AMD) delivered its comprehensive, end-to-end integrated AI platform vision and introduced its open, scalable rack-scale AI infrastructure built on industry standards at its 2025 Advancing AI event.

    AMD and its partners showcased:

    • How they are building the open AI ecosystem with the new AMD Instinct™ MI350 Series accelerators
    • The continued growth of the AMD ROCm™ ecosystem
    • The company’s powerful, new, open rack-scale designs and roadmap that bring leadership rack-scale AI performance beyond 2027

    “AMD is driving AI innovation at an unprecedented pace, highlighted by the launch of our AMD Instinct MI350 series accelerators, advances in our next generation AMD ‘Helios’ rack-scale solutions, and growing momentum for our ROCm open software stack,” said Dr. Lisa Su, AMD chair and CEO. “We are entering the next phase of AI, driven by open standards, shared innovation and AMD’s expanding leadership across a broad ecosystem of hardware and software partners who are collaborating to define the future of AI.”

    AMD Delivers Leadership Solutions to Accelerate an Open AI Ecosystem
    AMD announced a broad portfolio of hardware, software and solutions to power the full spectrum of AI:

    • AMD unveiled the Instinct MI350 Series GPUs, setting a new benchmark for performance, efficiency and scalability in generative AI and high-performance computing. The MI350 Series, consisting of both Instinct MI350X and MI355X GPUs and platforms, delivers a 4x, generation-on-generation AI compute increasei and a 35x generational leap in inferencingii, paving the way for transformative AI solutions across industries. MI355X also delivers significant price-performance gains, generating up to 40% more tokens-per-dollar compared to competing solutionsiii. More details are available in this blog from Vamsi Boppana, AMD SVP, AI.
    • AMD demonstrated end-to-end, open-standards rack-scale AI infrastructure—already rolling out with AMD Instinct MI350 Series accelerators, 5th Gen AMD EPYC™ processors and AMD Pensando™ Pollara NICs in hyperscaler deployments such as Oracle Cloud Infrastructure (OCI) and set for broad availability in 2H 2025.
    • AMD also previewed its next generation AI rack called “Helios.” It will be built on the next-generation AMD Instinct MI400 Series GPUs – which compared to the previous generation are expected to deliver up to 10x more performance running inference on Mixture of Experts modelsiv, the “Zen 6”-based AMD EPYC “Venice” CPUs and AMD Pensando “Vulcano” NICs. More details are available in this blog post.
    • The latest version of the AMD open-source AI software stack, ROCm 7, is engineered to meet the growing demands of generative AI and high-performance computing workloads—while dramatically improving developer experience across the board. ROCm 7 features improved support for industry-standard frameworks, expanded hardware compatibility and new development tools, drivers, APIs and libraries to accelerate AI development and deployment. More details are available in this blog post from Anush Elangovan, AMD CVP of AI Software Development.
    • The Instinct MI350 Series exceeded AMD’s five-year goal to improve the energy efficiency of AI training and high-performance computing nodes by 30x, ultimately delivering a 38x improvementv. AMD also unveiled a new 2030 goal to deliver a 20x increase in rack-scale energy efficiency from a 2024 base yearvi, enabling a typical AI model that today requires more than 275 racks to be trained in fewer than one fully utilized rack by 2030, using 95% less electricityvii. More details are available in this blog post from Sam Naffziger, AMD SVP and Corporate Fellow.
    • AMD also announced the broad availability of the AMD Developer Cloud for the global developer and open-source communities. Purpose-built for rapid, high-performance AI development, users will have access to a fully managed cloud environment with the tools and flexibility to get started with AI projects – and grow without limits. With ROCm 7 and the AMD Developer Cloud, AMD is lowering barriers and expanding access to next-gen compute. Strategic collaborations with leaders like Hugging Face, OpenAI and Grok are proving the power of co-developed, open solutions.

    Broad Partner Ecosystem Showcases AI Progress Powered by AMD
    Today, seven of the 10 largest model builders and Al companies are running production workloads on Instinct accelerators. Among those companies are Meta, OpenAI, Microsoft and xAI, who joined AMD and other partners at Advancing AI, to discuss how they are working with AMD for AI solutions to train today’s leading AI models, power inference at scale and accelerate AI exploration and development:

    • Meta detailed how Instinct MI300X is broadly deployed for Llama 3 and Llama 4 inference. Meta shared excitement for MI350 and its compute power, performance-per-TCO and next-generation memory. Meta continues to collaborate closely with AMD on AI roadmaps, including plans for the Instinct MI400 Series platform.
    • OpenAI CEO Sam Altman discussed the importance of holistically optimized hardware, software and algorithms and OpenAI’s close partnership with AMD on AI infrastructure, with research and GPT models on Azure in production on MI300X, as well as deep design engagements on MI400 Series platforms.
    • Oracle Cloud Infrastructure (OCI) is among the first industry leaders to adopt the AMD open rack-scale AI infrastructure with AMD Instinct MI355X GPUs. OCI leverages AMD CPUs and GPUs to deliver balanced, scalable performance for AI clusters, and announced it will offer zettascale AI clusters accelerated by the latest AMD Instinct processors with up to 131,072 MI355X GPUs to enable customers to build, train and inference AI at scale.
    • HUMAIN discussed its landmark agreement with AMD to build open, scalable, resilient and cost-efficient AI infrastructure leveraging the full spectrum of computing platforms only AMD can provide.
    • Microsoft announced Instinct MI300X is now powering both proprietary and open-source models in production on Azure.
    • Cohere shared that its high-performance, scalable Command models are deployed on Instinct MI300X, powering enterprise-grade LLM inference with high throughput, efficiency and data privacy.
    • Red Hat described how its expanded collaboration with AMD enables production-ready AI environments, with AMD Instinct GPUs on Red Hat OpenShift AI delivering powerful, efficient AI processing across hybrid cloud environments.
    • Astera Labs highlighted how the open UALink ecosystem accelerates innovation and delivers greater value to customers and shared plans to offer a comprehensive portfolio of UALink products to support next-generation AI infrastructure.
    • Marvell joined AMD to highlight its collaboration as part of the UALink Consortium developing an open interconnect, bringing the ultimate flexibility for AI infrastructure.

    Supporting Resources

    • Learn more about the event here.
    • Access the AAI 2025 press kit here.
    • Learn more about AMD AI solutions here.
    • Connect with AMD on Linkedin
    • Follow AMD on X: AMD, AMD AI

    About AMD
    For more than 55 years, AMD has driven innovation in high-performance computing, graphics, and visualization technologies. Hundreds of millions of consumers, Fortune 500 businesses, and leading scientific research facilities around the world rely on AMD technology to improve how they live, work, and play. AMD employees are focused on building leadership high-performance and adaptive products that push the boundaries of what is possible. For more information about how AMD is enabling today and inspiring tomorrow, visit www.amd.com.

    Cautionary Statement
    This press release contains forward-looking statements concerning Advanced Micro Devices, Inc. (AMD) such as the features, functionality, performance, availability, timing and expected benefits of AMD products and roadmaps; AMD’s AI platform; and AMD’s partner ecosystem, which are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are commonly identified by words such as “would,” “may,” “expects,” “believes,” “plans,” “intends,” “projects” and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and uncertainties, many of which are difficult to predict and generally beyond AMD’s control, that could cause actual results and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Material factors that could cause actual results to differ materially from current expectations include, without limitation, the following: Intel Corporation’s dominance of the microprocessor market and its aggressive business practices; Nvidia’s dominance in the graphics processing unit market and its aggressive business practices; competitive markets in which AMD’s products are sold; the cyclical nature of the semiconductor industry; market conditions of the industries in which AMD products are sold; AMD’s ability to introduce products on a timely basis with expected features and performance levels; loss of a significant customer; economic and market uncertainty; quarterly and seasonal sales patterns; AMD’s ability to adequately protect its technology or other intellectual property; unfavorable currency exchange rate fluctuations; ability of third party manufacturers to manufacture AMD’s products on a timely basis in sufficient quantities and using competitive technologies; availability of essential equipment, materials, substrates or manufacturing processes; ability to achieve expected manufacturing yields for AMD’s products; AMD’s ability to generate revenue from its semi-custom SoC products; potential security vulnerabilities; potential security incidents including IT outages, data loss, data breaches and cyberattacks; uncertainties involving the ordering and shipment of AMD’s products; AMD’s reliance on third-party intellectual property to design and introduce new products; AMD’s reliance on third-party companies for design, manufacture and supply of motherboards, software, memory and other computer platform components; AMD’s reliance on Microsoft and other software vendors’ support to design and develop software to run on AMD’s products; AMD’s reliance on third-party distributors and add-in-board partners; impact of modification or interruption of AMD’s internal business processes and information systems; compatibility of AMD’s products with some or all industry-standard software and hardware; costs related to defective products; efficiency of AMD’s supply chain; AMD’s ability to rely on third party supply-chain logistics functions; AMD’s ability to effectively control sales of its products on the gray market; long-term impact of climate change on AMD’s business; impact of government actions and regulations such as export regulations, tariffs and trade protection measures, and licensing requirements; AMD’s ability to realize its deferred tax assets; potential tax liabilities; current and future claims and litigation; impact of environmental laws, conflict minerals related provisions and other laws or regulations; evolving expectations from governments, investors, customers and other stakeholders regarding corporate responsibility matters; issues related to the responsible use of AI; restrictions imposed by agreements governing AMD’s notes, the guarantees of Xilinx’s notes, the revolving credit agreement and the ZT Systems credit agreement; impact of acquisitions, joint ventures and/or strategic investments on AMD’s business and AMD’s ability to integrate acquired businesses, including ZT Systems; AMD’s ability to sell the ZT Systems manufacturing business; impact of any impairment of the combined company’s assets; political, legal and economic risks and natural disasters; future impairments of technology license purchases; AMD’s ability to attract and retain qualified personnel; and AMD’s stock price volatility. Investors are urged to review in detail the risks and uncertainties in AMD’s Securities and Exchange Commission filings, including but not limited to AMD’s most recent reports on Forms 10-K and 10-Q.

    AMD, the AMD Arrow logo, EPYC, AMD CDNA, AMD Instinct, Pensando, ROCm, Ryzen, and combinations thereof are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and may be trademarks of their respective owners.

    __________________________

    i Based on calculations by AMD Performance Labs in May 2025, to determine the peak theoretical precision performance of eight (8) AMD Instinct™ MI355X and MI350X GPUs (Platform) and eight (8) AMD Instinct MI325X, MI300X, MI250X and MI100 GPUs (Platform) using the FP16, FP8, FP6 and FP4 datatypes with Matrix. Server manufacturers may vary configurations, yielding different results. Results may vary based on use of the latest drivers and optimizations.
    MI350-004

    iiMI350-044: Based on AMD internal testing as of 6/9/2025. Using 8 GPU AMD Instinct™ MI355X Platform measuring text generated online serving inference throughput for Llama 3.1-405B chat model (FP4) compared 8 GPU AMD Instinct™ MI300X Platform performance with (FP8). Test was performed using input length of 32768 tokens and an output length of 1024 tokens with concurrency set to best available throughput to achieve 60ms on each platform, 1 for MI300X (35.3ms) and 64ms for MI355X platforms (50.6ms). Server manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers and optimizations.

    iii Based on performance testing by AMD Labs as of 6/6/2025, measuring the text generated inference throughput on the LLaMA 3.1-405B model using the FP4 datatype with various combinations of input, output token length with AMD Instinct™ MI355X 8x GPU, and published results for the NVIDIA B200 HGX 8xGPU. Performance per dollar calculated with current pricing for NVIDIA B200 available from Coreweave website and expected Instinct MI355X based cloud instance pricing. Server manufacturers may vary configurations, yielding different results. Performance may vary based on use of latest drivers and optimizations. Current customer pricing as of June 10, 2025, and subject to change. MI350-049

    iv MI400-001: Performance projection as of 06/05/2025 using engineering estimates based on the design of a future AMD Instinct MI400 Series GPU compared to the Instinct MI355x, with 2K and 16K prefill with TP8, EP8 and projected inference performance, and using a GenAI training model evaluated with GEMM and Attention algorithms for the Instinct MI400 Series. Results may vary when products are released in market. (MI400-001)

    v EPYC-030a: Calculation includes 1) base case kWhr use projections in 2025 conducted with Koomey Analytics based on available research and data that includes segment specific projected 2025 deployment volumes and data center power utilization effectiveness (PUE) including GPU HPC and machine learning (ML) installations and 2) AMD CPU and GPU node power consumptions incorporating segment-specific utilization (active vs. idle) percentages and multiplied by PUE to determine actual total energy use for calculation of the performance per Watt. 38x is calculated using the following formula: (base case HPC node kWhr use projection in 2025 * AMD 2025 perf/Watt improvement using DGEMM and TEC +Base case ML node kWhr use projection in 2025 *AMD 2025 perf/Watt improvement using ML math and TEC) /(Base case projected kWhr usage in 2025). For more information, https://www.amd.com/en/corporate/corporate-responsibility/data-center-sustainability.html.

    vi AMD based advanced racks for AI training/inference in each year (2024 to 2030) based on AMD roadmaps, also examining historical trends to inform rack design choices and technology improvements to align projected goals and historical trends. The 2024 rack is based on the MI300X node, which is comparable to the Nvidia H100 and reflects current common practice in AI deployments in 2024/2025 timeframe. The 2030 rack is based on an AMD system and silicon design expectations for that time frame. In each case, AMD specified components like GPUs, CPUs, DRAM, storage, cooling, and communications, tracking component and defined rack characteristics for power and performance. Calculations do not include power used for cooling air or water supply outside the racks but do include power for fans and pumps internal to the racks.
    Performance improvements are estimated based on progress in compute output (delivered, sustained, not peak FLOPS), memory (HBM) bandwidth, and network (scale-up) bandwidth, expressed as indices and weighted by the following factors for training and inference.

    Training FLOPS HBM BW Scale-up BW
    Inference 70.0% 10.0% 20.0%
      45.0% 32.5% 22.5%
           

    Performance and power use per rack together imply trends in performance per watt over time for training and inference, then indices for progress in training and inference are weighted 50:50 to get the final estimate of AMD projected progress by 2030 (20x). The performance number assumes continued AI model progress in exploiting lower precision math formats for both training and inference which results in both an increase in effective FLOPS and a reduction in required bandwidth per FLOP.

    vii AMD estimated the number of racks to train a typical notable AI model based on EPOCH AI data (https://epoch.ai). For this calculation we assume, based on these data, that a typical model takes 1025 floating point operations to train (based on the median of 2025 data), and that this training takes place over 1 month. FLOPs needed = 10^25 FLOPs/(seconds/month)/Model FLOPs utilization (MFU) = 10^25/(2.6298*10^6)/0.6. Racks = FLOPs needed/(FLOPS/rack in 2024 and 2030). The compute performance estimates from the AMD roadmap suggests that approximately 276 racks would be needed in 2025 to train a typical model over one month using the MI300X product (assuming 22.656 PFLOPS/rack with 60% MFU) and <1 fully utilized rack would be needed to train the same model in 2030 using a rack configuration based on an AMD roadmap projection. These calculations imply a >276-fold reduction in the number of racks to train the same model over this six-year period. Electricity use for a MI300X system to completely train a defined 2025 AI model using a 2024 rack is calculated at ~7GWh, whereas the future 2030 AMD system could train the same model using ~350 MWh, a 95% reduction. AMD then applied carbon intensities per kWh from the International Energy Agency World Energy Outlook 2024 [https://www.iea.org/reports/world-energy-outlook-2024]. IEA’s stated policy case gives carbon intensities for 2023 and 2030. We determined the average annual change in intensity from 2023 to 2030 and applied that to the 2023 intensity to get 2024 intensity (434 CO2 g/kWh) versus the 2030 intensity (312 CO2 g/kWh). Emissions for the 2024 baseline scenario of 7 GWh x 434 CO2 g/kWh equates to approximately 3000 metric tC02, versus the future 2030 scenario of 350 MWh x 312 CO2 g/kWh equates to around100 metric tCO2.

    Contact: 
    Brandi Martina 
     AMD Communications 
    (512) 705-1720 
    Brandi.martina@amd.com 

    Liz Stine
    AMD Investor Relations 
    +1 720-652-3965
    liz.stine@amd.com

    The MIL Network

  • MIL-OSI USA: Governor Stein Announces JetZero Selects North Carolina for $4 Billion Airplane Manufacturing Hub, Creating 14,500 Jobs in Guilford County in Largest Job Commitment in State History

    Source: US State of North Carolina

    Headline: Governor Stein Announces JetZero Selects North Carolina for $4 Billion Airplane Manufacturing Hub, Creating 14,500 Jobs in Guilford County in Largest Job Commitment in State History

    Governor Stein Announces JetZero Selects North Carolina for $4 Billion Airplane Manufacturing Hub, Creating 14,500 Jobs in Guilford County in Largest Job Commitment in State History
    lsaito

    Raleigh, NC

    Today Governor Josh Stein announced JetZero, Inc., a breakthrough aviation company, will invest more than $4.7 billion in Greensboro to build its first commercial airplane manufacturing facility at the Piedmont Triad International Airport. The project will create more than 14,560 jobs for Guilford County by 2063, the largest economic development project in North Carolina history based on job commitment.

     

    “I am thrilled to welcome JetZero and its 14,000 good-paying jobs and unprecedented innovation to Guilford County,” said Governor Josh Stein. “From first in flight to now the future of flight, North Carolina and our skilled workforce is soaring.”

     

    JetZero is a start-up airplane designer and manufacturer of the Z4, a blended-wing body jet, which blends the wings and fuselage, enabling the entire wingspan to produce lift. Founded in 2020, the California-based company has partnerships with NASA, Siemens, United Airlines, Alaska Airlines, and suppliers including RTX and BAE Systems. JetZero will build an advanced manufacturing facility for a first-of-its-kind commercial all-wing jet, as well as a state-of-the-art research and development center for composite structures. Its unique design uses technological advancements to help lower carbon emissions, burn less fuel, and enhance the experience of its travelers. 

      

    “North Carolina offers the ideal combination of talent, infrastructure, and forward-thinking leadership to support our mission to reshape aviation,” said Tom O’Leary, CEO and co-Founder of JetZero. “This facility is a critical milestone in bringing our all-wing Z4 to market. I applaud the leadership of Governor Josh Stein and his team as well as the leadership of the North Carolina General Assembly, and whole host of local leaders and organizations for working with us to bring JetZero to North Carolina, the birthplace of aviation.”

     

    “With an internationally recognized aerospace cluster of more than 400 companies and major aviation hubs across the state, North Carolina is a top choice for manufacturers and suppliers,” said N.C. Commerce Secretary Lee Lilley. “JetZero will benefit from our Tier 1 research institutions and community colleges, ecosystem of industry partnerships, and strong infrastructure, helping them soar in North Carolina and beyond.”

     

    New jobs for the company include engineers, manufacturing specialists, and technicians. While salaries for the positions will vary, the average annual salary is expected to be $89,340, which exceeds the Guilford County average of $60,195. These new jobs could create a potential annual payroll impact of more than $1.3 billion for the region.

     

    JetZero’s operation in North Carolina will be facilitated, in part, by a Transformative-class Job Development Investment Grant (JDIG) awarded to JetZero, Inc., which was approved by the state’s Economic Investment Committee earlier today. Over the course of the 37-year term of this grant, the project is estimated to grow the state’s economy by $259.4 billion. Using a formula that takes into account the new tax revenues generated by the 14,564 new jobs and capital investment, the JDIG agreement authorizes the potential reimbursement to the company of up to $1,017,775,800, spread over 37 years. 

     

    Should JetZero create and maintain at least 10,000 jobs, the threshold for the JDIG’s transformative qualities will be reached, which allows for grant payments to be made for up to 29 years as long as performance targets are maintained.

     

    Like all grants from the JDIG program, any state payments only occur following performance verification each year by the departments of Commerce and Revenue that the company has met its incremental job creation and investment targets.

     

    The project’s projected return on investment of public dollars is 274 percent, meaning for every dollar of potential cost to the state, the state receives $3.74 in state revenue. JDIG projects result in positive net tax revenue to the state treasury, even after taking into consideration the grant’s reimbursement payments to a given company.

     

    Because JetZero chose a site in Guilford County, classified by the state’s economic tier system as Tier 2, the company’s JDIG agreement also calls for moving as much as $113 million into the state’s Industrial Development Fund – Utility Account.  The Utility Account helps rural communities anywhere in the state finance necessary infrastructure upgrades to attract future business.

     

    The state also anticipates providing additional support of publicly owned infrastructure to the project by means of a state appropriation of as much as $450 million, to cover site preparations; road, water, and wastewater improvements, as well as the construction of the manufacturing and research and development facility. The funding will be administered by the N.C. Department of Commerce and provided to Piedmont Triad International Airport, the N.C. Department of Transportation, and the City of Greensboro.

     

    “JetZero’s decision to come to the Triad solidifies North Carolina’s status as a leader in aerospace innovation,” said Senator Phil Berger, President Pro Tempore of the North Carolina Senate. “Our state’s high-tech manufacturing renaissance wouldn’t be possible without the General Assembly’s commitment to creating a business-friendly environment by lowering taxes, cutting red tape, and supporting world-class educational opportunities.”  

     

    “With 14,000 new jobs and nearly $5 billion dollars in investment, this project represents a transformational step forward for Guilford County and North Carolina,” said Senator Sydney Batch, Senate Democratic Leader. “Projects like this create a ripple effect that strengthens our entire state by supporting families, growing local economies, and creating more promising futures for everyone. I’m so grateful for the hard work Governor Stein, Secretary Lilley, and the Commerce Department put in to bring this across the finish line.”

     

    “Today’s announcement is a huge win for Greensboro, Guilford County, and our entire state,” said Speaker of the House Destin Hall. “JetZero’s decision to build its cutting-edge aerospace facility here proves what we’ve long known — North Carolina’s strong business environment makes our state ripe for innovation. This $4.7 billion investment and the creation of over 14,000 high-paying jobs will be a generational boost for our workforce and our future.”  

     

    “I am proud to see JetZero choose the Triad as the site of their new facility,” said Representative Robert Reives, House Democratic Leader. “Our state has some of the brightest talent in the world who are up to this challenge. We will continue to attract these investments and cement our state’s status as the place for aerospace manufacturing in the nation and world.”

     

    “This announcement is a transformative win for Guilford County and the entire state of North Carolina,” said Senator Michael Garrett. “The magnitude of this investment is a vote of confidence in our world-class workforce to fill these great-paying jobs, and proof that our community is an ideal place for new companies and ideas to launch into a bright future.”  

     

    “Today is a celebration of the intentional efforts that we’re making to transition the Triad to an innovation economy,” said Representative John Blust. “This is an historic day for all of us, and we applaud the collaboration of elected officials, economic developers, and workforce professionals throughout the state that helped JetZero make their decision to call Greensboro and PTI home.”

    In addition to the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina, other key partners in this project include the North Carolina General Assembly, the North Carolina Department of Transportation, the North Carolina Community College System, Guilford Tech Community College, Forsyth Tech Community College, the University of North Carolina System, North Carolina A&T State University, North Carolina State University, University of North Carolina at Charlotte, Golden LEAF Foundation, Duke Energy, Piedmont Natural Gas, Piedmont Triad Airport Authority, Piedmont Triad Partnership, Guilford County Economic Development Alliance, Guilford County, GuilfordWorks, Forsyth County, the Greensboro Chamber, High Point Economic Development Corporation, Greater Winston-Salem, Inc., City of Greensboro, City of High Point, and City of Winston-Salem.

    When career opportunities at JetZero become available, they will be posted to NCworks.gov, the state’s leader in connecting employers with skilled talent

    Jun 12, 2025

    MIL OSI USA News

  • MIL-OSI Security: U.S. Marshals Arrest West Tennessee Attempted Murder Suspect

    Source: US Marshals Service

    Henderson, TN – The U.S. Marshals Service (USMS) arrested Branden Walker, 26, who was wanted for a shooting in Henderson.

    Around 1 a.m. on June 1, 2025, Henderson police responded to a shooting call on Sanford Street. Officers determined that an occupied apartment had been struck multiple times by gunfire. Investigators identified a suspect as Branden Walker, of Union City, TN.

    On June 4, a warrant was issued through Chester County General Sessions Court charging Walker with Attempted First-Degree Murder and Reckless Endangerment.

    The USMS Two Rivers Violent Fugitive Task Force in Jackson was requested to assist in locating and arresting Walker.

    On June 11, the task force tracked Walker to a location in the 5000 block of Ken Tenn Highway in South Fulton, TN. Deputy marshals and task force officers took Walker into custody without incident. The Obion County Sheriff’s Office transported him to the Obion County Jail.

    The U.S. Marshals Service Two Rivers Violent Fugitive Task Force is a multi-agency task force within Western Tennessee. The TRVFTF has offices in Memphis and Jackson, and its membership is primarily composed of Deputy U.S. Marshals, Shelby, Fayette, Tipton, and Gibson County Sheriff’s Deputies, Memphis and Jackson Police Officers, Tennessee Department of Correction Special Agents and the Tennessee Highway Patrol. Since 2021, the TRVFTF has captured over 3,000 violent offenders and sexual predators.

    MIL Security OSI

  • MIL-OSI Security: Buckhannon Man Sentenced to Decade in Prison for Child Pornography Offense

    Source: Office of United States Attorneys

    CLARKSBURG, WEST VIRGINIA – David Walter McCauley, 66, of Buckhannon, West Virginia, was sentenced today to 120 months in federal prison for a child pornography charge.

    According to court documents and statements made in court, McCauley enticed a 17-year-old boy to engage in sexually explicit conduct for photo and video production. Several electronic devices containing illegal images and videos of the minor engaged in sexual acts with McCauley were seized from McCauley’s residence and office.

    McCauley will serve 10 years of supervised release following his prison sentence.

    Assistant U.S. Attorney Kimberley Crockett prosecuted the case on behalf of the government.

    The case was investigated by the Federal Bureau of Investigation, the Pittsburgh Police Department, and the Upshur County Sheriff’s Office.

    This case was brought as part of Project Safe Childhood, a nationwide initiative to combat the growing epidemic of child sexual exploitation and abuse launched in May 2006 by the Department of Justice. Led by U.S. Attorneys’ Offices and CEOS, Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit Justice.gov/PSC.

    Chief U.S. District Judge Thomas S. Kleeh presided. 

    MIL Security OSI

  • MIL-OSI Security: Little Water Man Pleads Guilty to Federal Charges in Navajo Nation Shooting and Homicide

    Source: Office of United States Attorneys

    ALBUQUERQUE – A Little Water man pleaded guilty to federal charges stemming from his involvement in a violent April 2024 shooting and subsequent homicide on the Navajo Nation.

    According to court records, on April 24, 2024, Dewayne George, an enrolled member of the Navajo Nation, accompanied Brittania Navaho to a pawn shop in Gallup where she purchased a .22 caliber revolver and ammunition for Rydell Happy, who is a convicted felon and prohibited from possessing firearms. Later that day, the group, joined by John Doe, drove through the Gallup area and encountered a vehicle on U.S. Highway 491 within the Navajo Nation.

    Happy initially fired a shot into the air, then, after a pursuit, multiple shots were fired at the vehicle by Happy, George, and John Doe. George admitted to reloading and discharging the firearm several times at the fleeing vehicle, which was struck by multiple bullets. Fortunately, the occupants were not injured.

    After the shooting, the group drove near Shiprock, New Mexico, where a confrontation led to Happy fatally shooting John Doe. George helped Happy drag John Doe’s body over a cliff in an attempt to conceal the body and avoid arrest and prosecution.

    Brittania Navaho pled guilty to federal charges related to the straw purchase of the firearm and faces up to 15 years in prison.

    Rydell Happy is charged with first degree murder, two counts of using and carrying a firearm during and relation to a crime of violence and discharging said firearm, assault with a dangerous weapon and being a felon in possession of a firearm and ammunition. He remains in custody pending trial, which is currently scheduled for July 14, 2025.

    George pleaded guilty to being an accessory after the fact, assault with a dangerous weapon with intent to do bodily harm, and using and carrying a firearm during and in relation to a crime of violence and discharging said firearm. At sentencing, George faces not less than 10 years and up to life in prison. Upon his release from prison, George will be subject to up to three years of supervised release.

    U.S. Attorney Ryan Ellison and Philip Russell, Acting Special Agent in Charge of the Federal Bureau of Investigation’s Albuquerque Field Office, made the announcement today.

    The Farmington Resident Agency of the FBI Albuquerque Field Office investigated this case with assistance from Navajo Nation Police Department, the Navajo Nation Department of Criminal Investigations and the McKinley County Sheriff’s Office. Assistant United States Attorney R. Eliot Neal is prosecuting the case.

    This case is being prosecuted as part of the Department of Justice’s Missing or Murdered Indigenous Persons (MMIP) Regional Outreach Program, which aims to aid in the prevention and response to missing or murdered Indigenous people through the resolution of MMIP cases and communication, coordination, and collaboration with federal, Tribal, state, and local partners.

    MIL Security OSI

  • MIL-OSI Security: New Hampshire Man Arrested for Unlawful Delivery of a Firearm

    Source: Office of United States Attorneys

    BOSTON – A New Hampshire man was arrested today in connection with an ongoing firearm trafficking investigation.

    Isaiah Johnson, 24, of Merrimack, N.H., was charged with firearm trafficking by unlawful delivery. Johnson was arrested today and will make an initial appearance in federal court in Boston at 2:00 PM today.

    According to the charging documents, a co-conspirator from Brockton, who was ineligible for a license to carry firearms, paid Johnson to purchase a particular firearm from a gun store in New Hampshire. It is alleged that on Feb. 3, 2024, Johnson went to the gun store, texted photographs of a tan-colored Glock 19X and an extended magazine to the co-conspirator, before purchasing the firearm. The following week, Johnson allegedly texted another photograph of the firearm to the co-conspirator, before ultimately delivering it to the co-conspirator on or about Feb. 11, 2024.

    In December 2024, the co-conspirator was arrested at his Brockton residence on state charges in connection with an investigation into a high-end car theft enterprise. During a search of the residence, the tan-colored Glock 19X that Johnson had allegedly purchased was located, as well as two large-capacity magazines. It is further alleged that videos posted online showed the co-conspirator firing what appeared to be the same firearm while it was equipped with a “selector switch,” rendering it a fully-automatic weapon. The video was allegedly filmed nearby a public school in Brockton, where approximately 43 9-millimeter shell casings and 10 .40 caliber shell casings were later located.

    The charge of firearm trafficking by unlawful delivery provides for a sentence of up to five years in prison, up to three years of supervised release and a fine of up to $250,000. Sentences are imposed by a federal district court judge based upon the U.S. Sentencing Guidelines and statutes which govern the determination of a sentence in a criminal case.

    United States Attorney Leah B. Foley and Scott Riordan, Acting Special Agent in Charge of the Bureau of Alcohol, Tobacco, Firearms & Explosives, Boston Field Division made the announcement. Valuable assistance was provided by the Massachusetts Attorney General’s Office; Homeland Security Investigations; U.S. Postal Inspection Service; and the Brockton (Mass.), Merrimack (N.H.) and Manchester (N.H.) Police Departments. Assistant U.S. Attorney David Cutshall of the Organized Crime & Gang Unit is prosecuting the case.

    The details contained in the charging documents are allegations. The defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI USA: Warnock Successfully Pushes Trump Administration to Rehire Hundreds of Unfairly Fired CDC Workers

    US Senate News:

    Source: United States Senator Reverend Raphael Warnock – Georgia

    Warnock Successfully Pushes Trump Administration to Rehire Hundreds of Unfairly Fired CDC Workers

    Following a months-long pressure campaign from Senator Reverend Warnock, the Centers for Disease Control and Prevention is reportedly reinstating more than 400 people who were unfairly fired
    The news follows previous successful efforts by Senator Warnock to pressure the administration to reinstate CDC probationary staff and fellows who work on public health threats
    Senator Reverend Warnock: “I have been pressuring this administration for months to reinstate unfairly fired workers at the CDC so they can continue doing the critical work of keeping our families and communities safe from infectious diseases and other public health crises. I’m glad they have heard our calls to reverse course”

    Washington, D.C. – Today, U.S. Senator Reverend Raphael Warnock (D-GA) released the following statement regarding his successful efforts to push the Trump Administration to rehire unfairly fired workers at the Georgia-based CDC:

    “The rehiring of hundreds of dedicated health workers, many of whom call Georgia home, is welcome news for those of us who believe that public health is vital to our wellbeing and safety—not a political game. I have been pressuring this administration for months to reinstate unfairly fired workers at the CDC so they can continue doing the critical work of keeping our families and communities safe from infectious diseases and other public health crises. I’m glad they have heard our calls to reverse course and have seen the results of their reckless mistakes and rehired some of these workers. But we must remain vigilant, because this administration is determined to dismantle our public health system, which ensures our food and water are safe, our brave servicemembers stay healthy when serving abroad, and top researchers have the resources they need to combat heart disease, maternal mortality, cancer, and diabetes. I will continue to call for all these unjustly fired workers to be rehired,” said Senator Reverend Warnock.

    Last month during a Senate Finance Committee hearing, Senator Warnock demanded answers from the nominee to be the Deputy Secretary at the Department of Health and Human Services (HHS) about the wrongful firings of high-performing public health experts. In April 2025, Senator Warnock rallied in the streets of Atlanta with current and former employees of the CDC to show support for the Georgians who have been callously fired from their life-saving work at the public health institution. In March 2025, Senator Warnock successfully pressured the administration to reinstate CDC probationary staff and fellows who work on public health threats. Last year, the Senator visited the CDC in Atlanta, Georgia for the first time as Senator to learn about the agency’s efforts to protect public health, including work to combat the maternal mortality crisis and how federal funding plays a role in keeping Georgia and the country safe from infectious diseases. During Health and Human Services Secretary Robert F. Kennedy’s nomination hearing in committee, Senator Warnock spoke at length defending the importance of the CDC which employs over 10,000 hardworking Georgians. Shortly after, the Senator spoke for nearly an hour on the Senate floor, in large part in defense of the CDC’s critical work to defend public health and national security. The Senator continued to pressure HHS Secretary Kennedy to reverse the CDC firings.

    MIL OSI USA News

  • MIL-OSI Canada: Minister Champagne meets with provincial and territorial Finance Ministers

    Source: Government of Canada News

    June 11, 2025 – Ottawa, ON

    The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, convened a virtual meeting with provincial and territorial Finance Ministers to advance shared priorities and strengthen Canada’s economic resilience.

    The Minister opened the discussion with an update on Canada–U.S. relations, emphasizing the federal government’s determination to remove unjustified U.S. tariffs still in force on many Canadian products. He reaffirmed Canada’s commitment to establishing a renewed economic and security relationship with the United States while strengthening collaboration with reliable trading partners from around the world.

    Minister Champagne highlighted Canada’s leadership on the international stage, notably through its chairing of the recent meeting of G7 Finance Ministers and Central Bank Governors, which laid the groundwork for next week’s Leaders’ Summit in Kananaskis, Alberta. G7 discussions focused on tackling global economic uncertainty, combatting financial crimes, harnessing the potential of digital transformation, and promoting growth and productivity.

    In line with the federal government’s nation-building agenda, the Minister welcomed the growing momentum among provinces and territories to reduce internal trade barriers and unlock the full potential of the Canadian economy. He reiterated the government’s commitment, reflected in Bill C-5, the One Canadian Economy Act, aimed at eliminating federal barriers to trade and labour mobility and accelerating transformative projects of national interest.

    The Minister also provided updates on key legislative initiatives that will deliver real results for Canadians. This includes Bill C-4, which proposes a middle class tax cut for nearly 22 million Canadians and removes the Goods and Services Tax for first-time buyers purchasing new homes up to $1 million, and Bill C-2, which strengthens border security to keep communities safe.

    Canada’s Finance Ministers also agreed to remain in close contact in the weeks ahead and keep driving momentum to build the strongest economy of the G7.

    Related Links

    Associated Links

    MIL OSI Canada News

  • MIL-OSI Security: Four Men Sentenced for Conspiracy to Traffic Counterfeit Adderall on Darknet Marketplace Sites

    Source: US FBI

    ALEXANDRIA, Va. – Three New York men and a New Jersey man have been sentenced to prison for conspiracy to create a counterfeit substance and distribute methamphetamine.

    According to court documents, Gregory Castillo-Rosario, 32, of Brooklyn, New York; Joseph James Vasquez, 33, of Brooklyn; Joshua William Vasquez, aka Fredrico Sanchez and Luis Santos, 32, of Jackson Township, New Jersey; and Rafael Antonio Roman, 35, of Brooklyn, manufactured and distributed thousands of counterfeit Adderall pills that contained meth. They distributed the pills through three identified darknet marketplace (DM) drug vendor aliases: MrJohnson, NuveoDeluxe, and AllStateRx.

    The conspirators operated the vendor pages, posted listings for controlled substances, processed orders, packaged controlled substances using methods designed to evade law enforcement detection, and shipped the counterfeit pills to customers nationwide via the U.S. Postal Service. Payment from customers typically came in the form of cryptocurrency.

    The counterfeit Adderall were round, orange pills, debossed with “b974” on one side and “30” on the other to appear to be generic Adderall. The pills did not contain the active ingredients of the pharmaceutically manufactured drug, however, and instead contained meth. The conspirators advertised the counterfeit pills as Adderall, and while the NuveoDeluxe vendor page explicitly advertised its pills as containing meth, the AllStateRx and MrJohnson pages did not.

    The conspirators purchased meth over the darknet and used high-speed grinders to grind it into powder form. The conspirators also bought binding materials, mechanical pill presses, and pill press attachments to transform the meth into counterfeit Adderall pills.

    After a series of controlled buys, on Feb. 21, 2024, law enforcement searched a commercial facility used by the conspiracy that was leased and operated by members of Roman’s family as well as the residences of Joshua Vasquez and Roman. At the facility, investigators recovered two pill presses used to make the pills, three high-speed grinders used to grind bulk meth, and approximately 39,996 counterfeit pills. 

    At Joshua Vasquez’s residence, investigators found $298,108 in cash, and Vasquez had $15,726 on his person at the time of his arrest.

    At Roman’s residence, investigators recovered approximately 34,593 counterfeit pills, a handgun, three loaded ammunition magazines, and approximately $34,820.

    Analysis of the vendor pages’ sales showed the three vendor pages were responsible for over 13,000 sales of counterfeit Adderall pills nationwide. When added to the pills seized as part of the investigation, analysis showed the conspiracy was responsible for at least 320 kilograms of counterfeit Adderall pills either manufactured for distribution or distributed across the United States.

    Joshua Vasquez pled guilty on April 24, 2024. On July 25, 2024, he was sentenced to 12 years in prison.

    Joseph Vasquez pled guilty on April 15, 2024. On Aug. 8, 2024, he was sentenced to 10 years in prison.

    Roman pled guilty on May 30, 2024. On Nov. 14, 2024, he was sentenced to 10 years in prison.

    Castillo-Rosario pled guilty on Jan. 3, 2024. He was sentenced yesterday to 12 years in prison.

    Erik S. Siebert, U.S. Attorney for the Eastern District of Virginia; Emily Odom, Acting Special Agent in Charge of the FBI Washington Field Office’s Criminal and Cyber Division; Ibrar A. Mian, Special Agent in Charge for the Drug Enforcement Administration’s (DEA) Washington Division; George Scavdis, Special Agent in Charge, FDA Office of Criminal Investigations, Metro Washington Field Office; and Damon E. Wood, Inspector in Charge of the Washington Division of the U.S. Postal Inspection Service, made the announcement after sentencing by U.S. District Judge Michael S. Nachmanoff.

    Special Assistant U.S. Attorney Christopher M. Carter prosecuted the case.

    The investigation was supported by the Justice Department’s Joint Criminal Opioid and Darknet Enforcement (JCODE) team’s Operation RapTor, a global initiative to disrupt the sale of illicit narcotics on the darknet.

    The Ocean County Sheriff’s Office, Howell Township Police Department, Marlboro Township Police Department, Asbury Park Police Department, Freehold Borough Police Department, Middletown Police Department, Wall Township Police Department, Jackson Township Police Department, Lakewood Township Police Department, Orlando Police Department, Orange County Sheriff’s Office, Arlington County Police Department, and New York Police Department provided significant assistance in the investigation.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Eastern District of Virginia. Related court documents and information are located on the website of the District Court for the Eastern District of Virginia or on PACER by searching for Case Nos. 1:24-cr-76 (Joseph Vasquez), 1:24-cr-83 (Joshua Vasquez), 1:24-cr-114 (Roman), and 1:24-cr-276 (Castillo-Rosario).

    MIL Security OSI

  • MIL-OSI: XRP News: Strong Momentum Spotted in Nimanode Presale as It Explodes Past 15% of Softcap – Don’t Miss Out

    Source: GlobeNewswire (MIL-OSI)

    LEEDS, United Kingdom, June 12, 2025 (GLOBE NEWSWIRE) — As BTC reclaims $110,000 and Etherum poised to break it’s early high, early talks of recovery in the crypto markets are here, however while it might seem a bit late to take a position in the rally markets, valuable Altcoins such as Nimanode is poised to give those explosive returns in the markets.

    As the XRP Ledger is experiencing a surge of renewed momentum as Nimanode the first AI agent platform with a no-code builder on XRPL advances through its high-demand $NMA Token Presale raising over 15% of its soft cap target and the excitement just intensified.

    Join $NMA Presale

    All Eyes on Nimanode – Dont Miss Out

    FOMO is already building up as the Nimanode Presale momentum indicates strong confidence from early investors citing a belief in the project.

    Demand for the NMA token has also surged as tokens are set to be listed at an upward 25% price from presale prices at top XRPL exchanges like Magnetic, instant returns for early investors.

    How to Join in the Nimanode Presale

    Joining in the NimaNode Presale is quite straightforward

    Purchase XRP: Acquire XRP from reputable exchanges like Binance, Coinbase, or Bybit.

    Setup an XRP-Compatible Wallet: Send your XRP to an XRP compatible Wallet (e.g. Xaman).

    Participate in the Presale: Visit the NimaNode presale page (https://nimanode.com/presale), send your XRP to the provided presale address, and secure your $NMA tokens.

    There is a Limited Time Period of 30 Days for the Presale and it’s pricing is going at 1 XRP = 450 $NMA

    As Nimanode Presale gains momentum, now is a perfect opportunity to position at the next wave of Blockchain innovation poised for massive gains through the integration of Web3 and AI.

    Why Investors are Scooping Up $NMA

    From the desk of the development team at Nimanode, they are set to deliver an Agentic workforce handling various tasks autonomously. Features of these Ecosystem include but not limited to

    Zero-Code Agent Builder: Create and launch AI agents through an intuitive drag-and-drop interface
    Autonomous On-Chain Agents: Agents can interact with dApps, execute logic, and respond to events
    Decentralized Agent Marketplace: Allows the community to deploy and monetize AI Agents
    Cross-Chain & Off-Chain Integration: Enable automation across multiple networks and external APIs

    $NMA – Fueling the Nimanode Ecosystem

    With 90 million $NMA tokens representing 45% of the total supply allocated for the presale, early birds have a rare opportunity to seize the advantage and invest in $NMA before its DEX Listing at 25% higher value mainly because of it various utilities in their ecosystem which include:

    Agent Deployment – Launching agents when holding a minimum $NMA balance

    Agent Upgrades – Skilled developers can hold $NMA to build custom agents and upgrades to them

    Agent Marketplace – Use $NMA to access premium agents or receive exclusive discounts

    Staking Benefits – Stake $NMA to earn passive income through the platform’s reward pool

    Governance Access – Participate in protocol decisions and vote on proposals that shape Nimanode’s future

    Join $NMA Presale

    Nimanode is a decentralized AI agent platform built on the XRP Ledger, offering no-code and developer tools to deploy on-chain AI agents that automate blockchain activity, optimize protocol interaction, and monetize intelligent services. By bridging AI with decentralized infrastructure, Nimanode is building the next evolution of digital work and Web3 automation.

    Connect with Nimanode

    Website: https://nimanode.com

    Twitter/X: https://x.com/nimanodeai

    Telegram: https://t.me/nimanodeAI

    Documentation: https://docs.nimanode.com

    Contact:
    Nick Lambert
    contact@nimanode.com

    Disclaimer: This is a paid post and is provided by Nimanode. 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. Globenewswire does not endorse any content on this page.

    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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/625cd0fe-6362-4233-a6d5-86f2e209233d

    The MIL Network

  • MIL-OSI: NBPE – Result of AGM

    Source: GlobeNewswire (MIL-OSI)

    NB Private Equity Partners Announces the Results of the Annual General Meeting

    St Peter Port, Guernsey 12 June 2025

    NB Private Equity Partners Limited (the “Company”) is pleased to announce that at the Annual General Meeting of its Class A Shareholders held at 1.45 p.m. on 12 June 2025, each of the Resolutions tabled were duly passed without amendment.

    All resolutions as set out in the Notice of AGM, of which resolutions 1-10 were proposed as ordinary resolutions and resolutions 11 and 12 were proposed as special resolutions, were voted on by way of a poll and the results were as follows:

    Resolution Votes For % votes cast Votes Against % votes cast Votes Withheld*
    1. To receive the Audited Financial Statements and Directors Report for the year ended 31 December 2024.
    29,176,689 100% Nil Nil 28,512
    1. To approve the Directors Remuneration Report as set out in the Annual Report for the year ended 31 December 2024.
    29,157,113 99.95% 14,774 0.05% 33,314
    1. To re-elect William Maltby as a Director of the Company.
    28,884,679 99.01% 289,794 0.99% 30,726
    1. To re-elect Trudi Clark as a Director of the Company.
    28,529,372 97.79% 645,101 2.21% 30,726
    1. To re-elect Wilken von Hodenberg as a Director of the Company.
    28,907,148 99.08% 267,005 0.92% 31,046
    1. To re-elect Louisa Symington-Mills as a Director of the Company.
    28,905,644 99.08% 268,098 0.92% 31,457
    1. To re-elect Pawan Dhir as a Director of the Company.
    28,905,637 99.09% 265,967 0.91% 33,595
    1. That KPMG Channel Islands Limited be re-appointed as auditor of the Company.
    26,983,892 92.49% 2,190,477 7.51% 30,832
    1. That the Directors may determine the remuneration of the auditors.
    28,794,977 98.69% 381,712 1.31% 28,512
    1. That the interim dividend paid on 28 February 2025 of $0.47 per share be approved and ratified.
    29,078,022 99.66% 98,614 0.34% 28,565
    1. That the Company be authorised in accordance with Section 315 of the Companies (Guernsey) Law, 2008 (as amended) to make market acquisitions of its ordinary shares in accordance with the terms set out in the Notice of Annual General Meeting.
    29,060,885 99.6% 115,804 0.4% 28,512
    1. That the Directors be authorised to allot and issue (or sell from treasury) equity securities for cash, up to an aggregate amount not exceeding 9.99% of the Ordinary Shares in issue.
    28,938,707 99.19% 237,715 0.81% 28,779

    * A vote withheld is not a vote in law and has not been counted in the votes for and against a resolution.

    Mr. John Falla retired from the Board upon the conclusion of the Annual General Meeting, and Mr. Dhir takes the role of the Audit Committee Chairman as set out in the Notice of Annual General Meeting.

    For further information, please contact:

    NBPE Investor Relations        +44 20 3214 9002
    Luke Mason        NBPrivateMarketsIR@nb.com

    Kaso Legg Communications        +44 (0)20 3882 6644

    Charles Gorman        nbpe@kl-communications.com
    Luke Dampier
    Charlotte Francis

    About NB Private Equity Partners Limited
    NBPE invests in direct private equity investments alongside market leading private equity firms globally. NB Alternatives Advisers LLC (the “Investment Manager”), an indirect wholly owned subsidiary of Neuberger Berman Group LLC, is responsible for sourcing, execution and management of NBPE. The vast majority of direct investments are made with no management fee / no carried interest payable to third-party GPs, offering greater fee efficiency than other listed private equity companies. NBPE seeks capital appreciation through growth in net asset value over time while paying a bi-annual dividend.

    LEI number: 213800UJH93NH8IOFQ77

    About Neuberger Berman

    Neuberger Berman is an employee-owned, private, independent investment manager founded in 1939 with over 2,800 employees in 26 countries. The firm manages $515 billion of equities, fixed income, private equity, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger Berman’s investment philosophy is founded on active management, fundamental research and engaged ownership. Neuberger Berman has been named by Pensions & Investments as the #1 or #2 Best Place to Work in Money Management for each of the last eleven years (firms with more than 1,000 employees). Visit www.nb.com for more information. Data as of March 31, 2025.

    The MIL Network

  • MIL-OSI Global: The Conversation scoops two awards in one night, including Podcast Publisher of the Year

    Source: The Conversation – UK – By Gemma Ware, Head of Audio, The Conversation UK

    The Conversation UK’s Head of Audio, Gemma Ware, at the Publisher Podcast Awards on June 11.

    The Conversation’s audio team is celebrating a very successful night at the Publisher Podcast awards where The Conversation won Podcast Publisher of the Year.

    The judges said: “This particular publisher has been entering these awards since the start and it’s been a real honour to watch their work grow in quality and depth each year, to the point they were placed in the top 3 of every single category they entered this year.”

    We were also thrilled that our recent series Scam Factories won the Best Investigative Podcast category in a very strong field. The series exposed the brutal workings of scam centres in south east Asia where thousands of people, many tricked into being there, are forced to work scamming others around the world. We worked with three researchers on a multimedia project and three part podcast series that involved producers and translators in Cambodia, China and Uganda.

    We’re a small team working across multiple time zones to bring academic expertise and research to new audiences in audio and I’m thrilled that our type of journalism has been recognised in this way.

    You can listen to all episodes of Scam Factories, now available on The Conversation Documentaries feed and explore the accompanying multimedia series.

    Visit our podcast page to explore our other podcasts including The Conversation Weekly, Know Your Place: what happened to class in British politics and The Conversation’s Curious Kids.

    ref. The Conversation scoops two awards in one night, including Podcast Publisher of the Year – https://theconversation.com/the-conversation-scoops-two-awards-in-one-night-including-podcast-publisher-of-the-year-258879

    MIL OSI – Global Reports

  • MIL-OSI Security: Ypsilanti Man Sentenced to Over 15 Years in Federal Prison on Child Exploitation Charges

    Source: Office of United States Attorneys

    DETROIT – Mubasher Riaz, 41, of Ypsilanti, Michigan, was sentenced today to 188 months in prison after having pleaded guilty to charges of coercion and enticement of a minor, announced United States Attorney Jerome F. Gorgon, Jr.

    Gorgon was joined in the announcement by Special Agent in Charge Cheyvoryea Gibson, Federal Bureau of Investigation, Detroit Division.

    According to court records, in July 2023, local police in Maumee, Ohio, learned that Riaz was messaging a 13-year-old girl, Minor Victim 1 (MV-1) on Snapchat. Communications between Riaz and MV-1 showed that Riaz had requested and received nude images of the minor and that he attempted to gather information about her home with the intent to meet with her to engage in sexual activity.  FBI agents reviewed Riaz’s Snapchat communications and found that Riaz messaged numerous other individuals on Snapchat who identified themselves as minors, some as young as 11 years old. For example, Riaz communicated with Minor Victim 2 (MV-2), who was 13 years old when Riaz contacted her. Riaz drove to MV-2’s foster home and engaged in sexual activity with her in his parked car. Riaz offered MV-1 and MV-2 tobacco and other items in exchange for sex acts. As part of his sentence, Riaz will be required to pay $150,000 in restitution to his minor victims.

    “This defendant preyed in the most disgusting ways on vulnerable girls as young as 11 years old. Those are the actions of an evil man. And we will do everything in our power to prosecute fiends who prowl around pursuing our children,” U.S. Attorney Gorgon said.

    “The sentencing of Mubasher Riaz sends a powerful and unequivocal message: those who exploit children will be investigated aggressively and held fully accountable under federal law,” said Cheyvoryea Gibson, Special Agent in Charge of the FBI’s Detroit Field Office. “I commend the exceptional efforts of our Ann Arbor Resident Agency and the U.S. Attorney’s Office for the Eastern District of Michigan. Their unwavering dedication to justice was instrumental in securing this conviction. The FBI in Michigan is resolute in its mission to protect children and ensure that anyone who seeks to harm them will face justice.”

    This case was investigated by the Federal Bureau of Investigation and was prosecuted by Assistant United States Attorney Zachary Zurek. 

    MIL Security OSI

  • MIL-OSI Security: Washington man sentenced to 14 years in prison for possessing meth, fentanyl and heroin

    Source: Office of United States Attorneys

    GREAT FALLS – A Tacoma, Washington man who possessed and distributed drugs that impacted Butte and the Blackfeet Indian Reservation was sentenced today to 14 years in prison to be followed by 5 years of supervised release, U.S. Attorney Kurt Alme said.

    Scott Trent Miller, 42, pleaded guilty in January 2025 to one count of possession with the intent to distribute controlled substances.

    Chief U.S. District Judge Brian M. Morris presided.

    The government alleged in court documents that on September 11, 2024, law enforcement in Butte was informed by a source that Miller was routinely traveling from Washington to Montana to sell drugs. Law enforcement surveilled Miller at a hotel in Butte. They saw him leave and get into a car with another person. A traffic stop was conducted, and Miller denied a request to search the vehicle. During a pat search of Miller, officers found a marijuana pipe and $1,583 in cash. Drug paraphernalia was also found on the other person in the car.

    An officer with a K9 dog was called to the scene and the K9 alerted to the scent of illegal drugs. A search warrant was issued, and officers seized a trash bag containing a large amount of methamphetamine, fentanyl powder, 100 fentanyl pills, and heroin.

    Law enforcement reviewed Facebook records for Miller’s account, which showed him messaging individuals for the purpose of distributing drugs.

    The U.S. Attorney’s Office prosecuted the case. The investigation was conducted by the DEA, State of Montana Division of Criminal Investigation, and Blackfeet Tribes Department of Law and Justice.

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

    XXX

    MIL Security OSI

  • MIL-OSI Africa: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC)-Supported Nakkaş-Başakşehir Motorway Wins TXF Social Infrastructure Deal of the Year 2024

    The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, is proud to announce that the Nakkaş-Başakşehir Motorway Project in Türkiye has been named TXF’s Social Infrastructure Deal of the Year 2024, awarded during the TXF Global Awards Ceremony held on 11 June 2025.

    This landmark project involves EUR 1.044 billion in non-recourse financing for the development of a 35-kilometer greenfield motorway in Istanbul Province—the final section of the Northern Marmara Motorway, a 450-kilometer corridor connecting Türkiye’s Asian and European regions. The public-private partnership is expected to significantly reduce traffic congestion, improve trade logistics, and cut commute times by up to 40 minutes.

    The project aligns with multiple UN Sustainable Development Goals (SDGs), notably SDG 8 (Decent Work), SDG 9 (Infrastructure), SDG 11 (Sustainable Cities), and SDG 17 (Partnerships), by creating jobs, modernizing transport infrastructure, and fostering international cooperation.

    ICIEC played a pivotal role in the financial close by offering a comprehensive risk mitigation solution, including a EUR 74 million Non-Honoring of Sovereign Financial Obligations (NHSFO) policy to Standard Chartered and Deutsche Bank, and Equity Investment Insurance to Korean investors.

    “This award reflects the strength of our partnership with the Government of Türkiye, our member institutions, and the private sector,” said Dr. Khalid Khalafalla, CEO of ICIEC. “We are particularly proud to have supported this project alongside other Export Credit Agencies and Multilateral Development Banks—most notably our parent institution, the Islamic Development Bank, and our sister entity, the Islamic Corporation for the Development of the Private Sector. Together, we leveraged synergies to mobilize Islamic finance and de-risk strategic infrastructure. Congratulations to all parties involved in delivering a project with lasting developmental impact.”

    This transaction exemplifies ICIEC’s mission to provide innovative risk mitigation solutions that enable impactful trade and infrastructure investment across its 50 member states.

    Distributed by APO Group on behalf of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

    Media Contact:
    Email: ICIEC-Communication@isdb.org

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    About The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC):
    ICIEC commenced operations in 1994 to strengthen economic relations between OIC Member States and promote intra-OIC trade and investments by providing risk mitigation tools and financial solutions. The Corporation is uniquely the only Islamic multilateral insurer in the world. It has led from the front in delivering a comprehensive suite of solutions to companies and parties in its 50 Member States. ICIEC, for the 17th consecutive year, maintained an “Aa3” insurance financial strength credit rating from Moody’s, ranking the Corporation among the top of the Credit and Political Risk Insurance (CPRI) Industry. Additionally, ICIEC has been assigned a First-Time “AA-“ long-term Issuer Credit Rating by S&P with Stable Outlook.  ICIEC’s resilience is underpinned by its sound underwriting, reinsurance, and risk management policies. Cumulatively, ICIEC has insured more than USD 121 billion in trade and investment. ICIEC activities are directed to several sectors – energy, manufacturing, infrastructure, healthcare, and agriculture.

    For more information: visit: http://ICIEC.IsDB.org

    MIL OSI Africa

  • MIL-OSI USA: USGS and partners publish a structured science synthesis (SSS) about the effects of nonmotorized recreation on ungulates

    Source: US Geological Survey

    Federal land management agencies conduct NEPA analyses to assess the potential environmental effects of proposed actions. Science is a core, required component of NEPA analysis. However, science about many land management issues can be complex or evolving. Staff from the Bureau of Land Management, U.S. Fish and Wildlife Service, and U.S. Geological Survey developed a new type of science delivery product, called a structured science synthesis (SSS), that provides content structured around priority management issues and organized according to steps in NEPA analysis.

    Bull elk stands next to a hiking trail (NPS).

    Scientists with the Fort Collins Science Center and land managers with the Bureau of Land Management recently published a new SSS that synthesized science about the effects of nonmotorized recreation on ungulate species in the western United States. The authors conducted a structured literature search to gather four types of information used in NEPA analyses: data about occurrence of nonmotorized recreation and distribution of ungulates, scientific studies about the effects of nonmotorized recreation on ungulates, methods for quantifying those potential effects, and measures for mitigating potential negative effects. 

    The report found that timing, intensity, duration, and spatial distribution of nonmotorized recreation are important factors that influence the degree to which recreation can affect ungulates. Ungulate individuals and populations vary in their responses to recreation because of differences in diet, migration, predation pressure, and prior habituation to recreation. Methods to assess potential effects range from basic spatial analyses to more technical modeling methods, many of which focus on movement or avoidance of individual ungulates around recreation sites. Managers have many options to mitigate potentially adverse effects, such as restricting timing or type of recreation, educating recreators about minimizing impacts on ungulates, and designing recreation infrastructure to minimize its potential to disturb ungulate habitat.

    The SSS series and other USGS science synthesis efforts are continuing to explore ways to enhance science delivery for public land management in the United States. See a list of past and upcoming synthesis products at: 

    “Effects of Nonmotorized Recreation on Ungulates in the Western United States—A Science Synthesis to Inform National Environmental Policy Act Analyses” was authored by Samuel Jordan, Taylor Ganz, Tait Rutherford, Elisabeth Teige, and Sarah Carter with the Fort Collins Science Center; and Matthew Blocker, Christopher Domschke, Fritz Klasner, Elroy Masters, Tye Morgan, and Daryl Ratajczak with the Bureau of Land Management. The SSS was published as a U.S. Geological Survey Scientific Investigations Report and is available online at https://doi.org/10.3133/sir20255014.

    MIL OSI USA News

  • MIL-OSI Security: Colchester County — Update: Ongoing Colchester County District RCMP fraud investigation identifies 32 victims

    Source: Royal Canadian Mounted Police

    Additional victims come forward and more charges have been laid in Colchester County District RCMP fraud investigation.

    In early March, Colchester County District RCMP charged a man with Fraud Over $5000 and Possession of Property Obtained by Crime Over $5000. The man is believed to engage in high-pressure sale tactics to convince people to pay for home security system monitoring and upgrades. Victims are convinced to make payments via cash, e-transfers, or cheques, and do not receive the goods and services they paid for.

    At that time, investigators had identified 15 victims and believed there were others. On March 13 the Nova Scotia RCMP published a news release about the incidents and resulting charges, Ongoing fraud investigation results in charges by Colchester County District RCMP | Royal Canadian Mounted Police. Between that date and May 6, an additional 17 victims came forward.

    Investigators resubmitted the Fraud and Possession of Property Obtained by Crime charges to include a total of 32 victims.

    On June 3, Colchester County District RCMP responded to a report that Brian Dethridge, 54, of Truro, breached his release conditions by engaging in the sale of home security system monitoring and upgrades.

    On June 4, Colchester County District RCMP arrested and charged Detheridge with Failure to Comply With Undertaking (three counts). He appeared in Truro Provincial Court and was released on strict conditions.

    “I commend these victims and others who’ve come forward to police because I know that victims of frauds can feel awkward or embarrassed and are hesitant to report their experience as a result,” says Cpl. Terry Brown, Community Action Team leader. “It’s important for victims to know, we will follow up on their report.”

    Anyone who has been a victim of this fraud and anyone who has information about it is asked to contact Colchester County District RCMP at 902-893-6820, or the local police. To remain anonymous, contact Nova Scotia Crime Stoppers toll-free, at 1-800-222-TIPS (8477), by submitting a secure web tip at www.crimestoppers.ns.ca, or using the P3 Tips app.

    For more information about common frauds and how to protect yourself: Canadian Anti-Fraud Centre.

    File #s 2025-767494, 2025-585384, 2025-606928

    MIL Security OSI

  • MIL-OSI: BNP Paribas SA : 2025 MREL requirements notification

    Source: GlobeNewswire (MIL-OSI)

    2025 MREL REQUIREMENTS NOTIFICATION

    PRESS RELEASE

    Paris, 12 June 2025

    The BNP Paribas Group has received the notification by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), implementing the decision of the Single Resolution Board, of the updated Minimum Requirement for Own Funds and Eligible Liabilities (MREL) requirements applicable from this date.

    The total MREL requirement applicable now amounts to 22.19% to which the CBR1 must be added, of the Group’s RWA and 5.91% of the Group’s leverage exposures.

    As regards the subordination constraint, the requirement applicable for the BNP Paribas Group is respectively 14.78% to which the CBR1 must be added, of Group’s RWA and 5.75% of the Group’s leverage exposures.

    As at 31 March 2025, the BNP Paribas Group is well above the updated MREL requirements with a total MREL ratio of 29.8% based on Group’s RWA and a Group subordinated MREL ratio of 27.1% on the same basis. These ratios were respectively 9.0% and 8.2% of Group’s leverage exposures as at 31 March 2025.

    About BNP Paribas

    Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

    Press contact

    Sandrine Romano – sandrine.romano@bnpparibas.com +33 6 71 18 23 05
    Hacina Habchi – hacina.habchi@bnpparibas.com +33 7 61 97 65 20


    1 Combined Buffer Requirement of 4.78% as at 31 March 2025

    Attachment

    The MIL Network

  • MIL-OSI Africa: Third Strategic Dialogue between the State of Qatar and the French Republic

    Source: Government of Qatar

    Paris,  June 12, 2025

    The Prime Minister and Minister of Foreign Affairs of the State of Qatar, His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, and the Minister for Europe and Foreign Affairs of the French Republic, Mr Jean-Noël Barrot, co-chaired the third annual Qatar-France Strategic Dialogue in Paris on June 12 2025. 

    Qatar and France welcomed the holding of their third Annual Strategic Dialogue and reviewed the important progress made since the State Visit of His Highness the Amir Tamim bin Hamad Al Thani to France in February 2024 which resulted in new cooperation initiatives within the fields of security, defence, economy, trade, investment and education. Both countries affirmed the strength of their bilateral relationship and pledged to further develop it by expanding strategic partnership on key files.

    POLITICAL AND DIPLOMATIC COOPERATION

    Both Ministers reaffirmed the commitment of Qatar and France to upholding a rules-based international order and international law, the promotion of peace, stability and prosperity in the Middle East, and to close cooperation in relation to regional and global crises.

    Palestine-Israel: Both Ministers called for a ceasefire, the release of all remaining hostages and a long-term political solution that will offer the best hope for the victims of this conflict on all sides and achieving a pathway to a two-state solution. The Minister for Europe and Foreign Affairs expressed France’s deep appreciation for all Qatar’s mediation efforts, including those to secure an immediate ceasefire in Gaza.

    Both Ministers called for full, unhindered humanitarian access allowing aid for the Palestinian population to enter Gaza. The Ministers further stated that politicising of humanitarian assistance, threats of forced displacement, or Israel’s plans to remain in Gaza after the war are unacceptable. The two Ministers stated that the Israeli government’s restrictions of essential humanitarian assistance to the Palestinian population of Gaza are totally deplorable and breach International Humanitarian Law.  They further highlighted that Israel is duty-bound to meet all its obligations to ensure immediately a massive and unhindered flow of aid to Gaza – this includes engaging with the UN to ensure aid delivery is in line with humanitarian principles. 

    Both ministers reiterated their opposition to any forced displacement of Gaza’s Palestinian population, which would be a serious violation of international law and a major destabilizing factor for the entire region.

    Qatar welcomes the endorsement by France of the Gaza Reconstruction plan formulated by the League of Arab States in March as a serious, credible basis for immediately meeting reconstruction, governance and security needs in the aftermath of the war in Gaza. It guarantees the respect of international law and maintains Gaza’s future within the framework of a future Palestinian State.

    HE Prime Minister Al Thani welcomed the French-Saudi jointly chaired international meeting on June 18 for the implementation of a two-state solution. Both Ministers declared such efforts as the only way to bring durable peace and security to Israelis and Palestinians while ensuring the stability of the wider region.   

    They stressed that the High-Level International Conference on the peaceful resolution of the question of Palestine and the implementation of the two-State solution, decided by UNGA resolution A/RES/79/81, would contribute to this goal by designing a credible roadmap for the implementation of this solution in which the two countries would be able to live side-by-side in peace within their internationally recognized borders. Both ministers stressed that the future Palestinian state would have sole responsibility for rule of law, including policing primacy. 

    Syria: Both Ministers acknowledged the historic transition process underway in Syria. They emphasised the importance of an inclusive political dispensation that protects the rights of all irrespective of ethnicity, sect, religion or gender. They reiterated their support for the reconstruction of a new Syria – free, stable, sovereign, that respects all components of society. They agreed that stability and security in Syria is paramount for all its citizens as well as the surrounding region. To that end both Ministers committed to work together wherever possible to provide humanitarian assistance, as well as support economic development, and long-term reconstruction. They welcomed the lifting of international sanctions on Syria’s economy and encouraged foreign investments in the country. Qatar welcomed French support for the recent EU decision to lift economic sanctions on Syria and the recent meeting between President Macron and Syria’s interim President Ahmad al-Sharaa. Such support and initiatives enable Syria and the Syrian people to undertake a transition to stability, peace and prosperity. The Ministers condemned violations of Syria’s territorial integrity and warned of escalation tactics designed to de-stabilize the region.  

    Lebanon: Qatar welcomed the hosting by France of the International Conference in Support of Lebanon’s People and Sovereignty in October 2024. Progress to political and economic reform in Lebanon is welcomed by both countries. 

    Qatar and France support the territorial integrity and sovereign rights of the Lebanese people, both Ministers called on all parties to honour the commitments made under the ceasefire reached in November 2024. To this end they called for a full withdrawal of Israeli forces from Lebanon, the complete deployment of the Lebanese Armed Forces and their ongoing support to ensure security and achieve State monopoly on arms, assisted by UNIFIL and the supervision mechanism of the November 2024 ceasefire agreement, of which France alongside the U.S. participates in. 

    They emphasized their support to the process of change that has begun under the new Lebanese government, aimed at putting Lebanon back on the path of reconstruction, recovery and stability. They expressed their continuing support to the Lebanese Armed Forces and to the UN interim force in Lebanon (UNIFIL) whose action is essential to guarantee the stability of South Lebanon.

    Iran: Both Ministers reaffirmed Qatar and France’s support for a diplomatic solution leading to an agreement that addresses and resolves all international concerns related to Iran’s nuclear activities in exchange for sanctions relief, in order to preserve the non-proliferation global architecture as well as stability and de-escalation in the Gulf region. They reiterated their support to the ongoing talks between the Islamic Republic of Iran and the United States of America.  They also called on Iran to fully and effectively cooperate with the legitimate requests and work of the International Atomic Energy Agency.   

    Rwanda and eastern DRC: Both ministers emphasised their shared commitment to peace, stability and security in the Great Lakes region. France commended Qatar’s mediation efforts between Rwanda and the Democratic Republic of the Congo and between Congolese authorities and AFC/M23. They stressed the need for parties to continue working towards the conclusion of a ceasefire, as called upon by United Nations Security Council Resolution 2773 (2025). Following its participation, along with the U.S., DRC, Rwanda and Togo, to the Doha meeting on April 30, France recalled its continued support to Qatar’s peace efforts.

    Sudan: Both Ministers resolved to further work together to address the devastating conflict in Sudan. Qatar and France recalled the United Nations Security Council Resolution 2736 (2024) demanding that the Rapid Support Forces halt the siege of El Fasher and calling for an immediate de-escalation. They reaffirmed their support to the unity of the country and called on the warring parties to immediately cease hostilities, abide by their obligations under international humanitarian law, protect civilians, and guarantee full, safe and unhindered humanitarian access. 

    UNOC: Both ministers welcomed the organization of the United Nations Ocean Conference in Nice, France, from 9 to 13 June 2025, inter alia to support a blue carbon economy and the fight against illicit fishing. They praised the treaty on marine biodiversity beyond areas of national jurisdiction on the high seas (BBNJ) as a milestone in the collective protection of the high seas.

    ECONOMY, TRADE AND INVESTMENTS

    Qatar and France emphasized the importance of their growing economic, trade and investment partnership, with a total trade of more than €1.3 billion in 2024. The Ministers highlighted that bilateral trade makes a significant contribution to supporting jobs, innovation, and economic development in both countries.

    The two Ministers reviewed progress on Qatar’s 2024 landmark engagement to invest 10 billion euros into key sectors of the French economy. Qatar’s investment will cover mutually beneficial sectors ranging from food security, digital economy, AI and IT, semiconductors, energy transition, space, Intellectual Property, health, tourism and hospitality and culture. They also welcomed the forthcoming Qatar-France Business Forum as an opportunity for mutual trade growth and investment. They discussed ways to further strengthen their investment partnership and underlined their willingness to facilitate cooperation between the Qatari and French private sectors. They also explored areas of common interest, such as fiscal policy, sustainable finance and public-private partnerships (PPPs).

    Qatar’s innovative investment in France’s semiconductor industry highlights its role in key technology subsectors, including supply chain developments that are also propelling digital and green transformations across vital industries such as AI, mobility, and consumer technology. 

    Both sides discussed ways to further develop their trade and investment partnership, through a Roadmap focused on strategic areas in alignment with the framework of the economic diversification goals stated by Qatar’s National Vision 2030 and in accordance with the economic plan “France 2030.” 

    The French Minister praised Qatar’s ongoing commitment to ensure continued and reliable supplies of energy to Europe, including France and thus contributing to the country’s energy security. 

    DEFENSE, SECURITY AND COUNTERTERRORISM 

    Qatar and France reaffirmed the importance of the defence and security as a foundation stone of their partnership.  This was illustrated by the increase in official-level visits in the last 12 months, and the deepening coordination on an operational level.  

    The Ministers welcomed the implementation of joint defence operational partnership including joint planning, training and military exercises, most recently the Pegase, Al Salam, Al Koot exercises, as well as joint projects in defence industries and innovation and ongoing defence acquisitions including cooperation through both nations’ air forces, facilitated by the common possession of Rafale combat aircrafts. 

    They praised the strategic convergences between Qatar and France, which contribute to enhancing bilateral interactions between the two military institutions. Qatar and France are keen to explore ways to develop new synergies between their armed forces for future defence capabilities. 

    They also explored ways to build on existing links and expand activities on common strategic interests particularly as they contribute to de-escalation and security in the Gulf and the Red Sea.  

    Both Ministers welcomed the robust and long-lasting partnership between their respective security forces, including cooperation and important knowledge-sharing on Mega Sports Events, Crisis Management and Major Event Management, Air and Aviation Security, Cybersecurity and Digital Investigations, and mutual professionalization and capacity-building. 

    They commended the friendship and trust between the French Gendarmerie and the Qatari Lekhwiya celebrating in 2025 the 20th anniversary of their cooperation. They also welcomed the development of a strategic partnership between the French and Qatari national police forces and the establishment of a High Police Committee. They also emphasised building on this cooperation. 

    Both Ministers emphasised that the fight against terrorism remains a key bilateral realm for cooperation. They said that such cooperation is crucial in prevention and countering terrorism and ensuring the safety of their citizens. These efforts reflect the need for a coordinated approach to deal with an ever-evolving set of terrorist threats that transcend national borders. They also agreed to continue their strong partnership in cybersecurity and in combating terrorism, countering violent extremism and illicit financial flows. 

    HUMANITARIAN AND DEVELOPMENT COOPERATION

    On humanitarian and international development cooperation, both Ministers affirmed the continuing success of programmatic bilateral cooperation and coordination between their respective implementing agencies including QFFD, EAA, Silatech and AFD.

    Regarding development, both Ministers welcomed the renewal of their bilateral cooperation in this field, building on the signing of two major agreements between the French Development Agency (AFD) and the Qatar Fund for Development, the Education Above All (EAA) foundation and Silatech in February 2024. They expressed their appreciation concerning the first cooperation between AFD and QFFD for an ambitious project to renovate and expand Saint Joseph’s Hospital in East Jerusalem. They welcomed that QFFD and the AFD Group (AFD, Proparco and Expertise France) renewed their commitment to cofinance development projects and agreed to raise the cofinancing target from $50 million to $100 million for the duration of the MoU. In the short term, QFFD and the AFD Group commit to operationalizing the partnership in the following countries where there are pressing needs and discussions have already started on joint priorities: Lebanon, Palestine and Syria. They welcomed that QFFD and AFD Group will also, in the medium term, work on joint global advocacy activities and expand the partnership to innovative finance.

    Both Ministers praised the ongoing discussions between the Crisis and Support Centre of the French ministry for Europe and Foreign Affairs and the Qatar Fund for Development to explore possible new areas of dialogue and joint funding, including in the Middle East, Africa and Asia as well as in the field of humanitarian logistics. 

    Following the joint commitment by the Emir of Qatar and the President of the French Republic to dedicate 200 million dollars in 2024 to humanitarian relief in Gaza both Ministers expressed the necessity of answering without delay the urgent needs for aid there. The Ministers also commended the humanitarian impact of joint health relief efforts in Gaza, including medical evacuations, delivery and flow of humanitarian aid, medicines and ambulances. Additionally, they highlighted joint relief efforts in Lebanon to support conflict-affected populations. Recalling these recent successful joint humanitarian operations, both Ministers support a new joint emergency operation to supply medical equipment and medicine to Afghanistan.

    Such cooperation is the embodiment of the longstanding strategic partnership as well as the commitment of Qatar and France to stand by conflict-affected populations.  

    EDUCATION, HEALTH AND SPORTS 

    Both Ministers lauded the strong cooperation in the fields of education, health and sports. On education the Ministers addressed the growing partnership in the field of education, in particular knowledge sharing and research agreements between Qatari and French Institutions of Higher Education (HEI), including Sciences Po and Doha Institute. 

    Cooperation on research and innovation has been boosted by the strong collaboration between Qatar Research Development and Innovation Council (QRDI) and French HEI’s including Centre national de la recherche scientifique (CNRS), Commissariat à l’énergie atomique et aux energies alternatives (CEA), Institut national de la santé et de la recherche médicale (INSERM) and HEC Paris. Under the Qatar Open Innovation Scheme French companies have also received QRDI awards and are working in collaboration with Qatar-based SME’s and institutions to make strides in Agricultural Sciences and Medical Healthcare.  

    Qatar and France are looking forward to the signing of the 8th executive program enhancing bilateral cooperation particularly in French language learning, technical, professional and higher education, and mobility of students and teachers. This agreement aims at establishing a steering committee dedicated to learning French from the 9th (third French) class in Qatari public institutions, as well as a steering committee related to the development of university cooperation. Both sides expressed their mutual intention to strengthen their cooperation in higher education and research, promoting exchanges of students and researchers, as well as further exploring joint training and programmes that enable students to achieve their personal and professional goals.

    Qatar and France also expressed their wish to strengthen the sharing of expertise between the medical communities of the two countries, through the rapprochement or exchange of researchers. The minister for Europe and Foreign Affairs expressed his appreciation for the help of Qatar for the recent opening of the World Health Organization Academy in Lyon.The Prime Minister and Minister of Foreign Affairs Al Thani congratulated the Republic of France on its hugely successful hosting of the Paris 2024 Summer Olympic and Paralympic Games.  Both sides expressed their willingness to share expertise and knowledge and to continue their cooperation on the positive impact and the legacy of hosting mega sporting events.  In particular, they addressed the ways in which strong commitments in terms of social and environmental issues, including on emissions reduction and carbon absorption, opportunities to promote inclusion and diversity, and combat hate speech, racism and other forms of prejudice and discrimination, is offered by sport. 

    CULTURE, ART, HERITAGE COOPERATION

    Both Ministers welcomed the deep institutional and people-to-people connections forged through shared ties on culture, art and heritage. They recalled the visit in April, at the invitation of the Qatari authorities and HE Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani, Chairperson of Qatar Museums, of HE Rachida Dati, Minister of Culture of the French Republic. 

    The visit came as part of framework commitments made in the MoU signed in June 2024 between HE Rachida Dati, on behalf of the Ministry of Culture, and HE Sheikha Al Mayassa, Chairperson of Qatar Museums. Both Ministers welcomed the signing of 6 partnership agreements in April 2025 between the French Ministry of Culture, Qatar Museums and the cultural institutions of both countries, and pertaining to a broad range of areas of cooperation, in particular training, exhibitions, loans, research, artist residencies, development of image education workshops for young audiences, development of co-productions, support in the creation of a cinematheque. Qatari and French cultural institutions are currently working on the implementation of these agreements.

    The accords include a framework agreement between the French Ministry of Culture and Qatar Museums for professional training in the cultural sector; an agreement between Qatar Museums and the Etablissement public du musée d’Orsay et du musée de l’Orangerie – Valérie Giscard d’Estaing, including research projects, joint exhibition projects, and academic and educational projects. Qatar Museums and the Musée Guimet will proceed on collaboration that includes research, conservation and educational projects dedicated to Asian arts. Qatar Museums also proceeded with a partnership agreement with Manufactures nationales – Sèvres and Mobilier national dedicated to the design and crafts sectors, aiming to strengthen links between French and Qatari designers and craftspeople. Under the framework further Qatar-France agreements include a Memorandum of Understanding between the Doha Film Institute and the Centre national du cinéma et de l’image animée as well as a Memorandum of understanding between the National Library of Qatar and the Bibliothèque Nationale de France. 

    They also welcomed the increased cooperation between the Qatari and French Ministries of Culture, in particular through the forthcoming renewal of the cooperation agreement between the two ministries of Culture.

    Both Ministers reiterated the commitment of their nations to heritage protection, especially in conflict areas, and respect for all relevant international agreements of the United Nations Educational, Scientific and Cultural Organization (UNESCO).

    A SHARED AND RESPONSIBLE FUTURE 

    The State of Qatar and France emphasize the importance of their continued partnership which benefits the interests of both countries and consolidates coordination towards a shared and responsible future.

    Qatar and France look forward to reviewing progress in these areas at the fourth Strategic Dialogue to be held in Doha in 2026.

    MIL OSI Africa

  • MIL-OSI USA: GOLDEN MUSSEL NEWS: Harder Announces New Legislation to Stop Invasion of Stinky, Sludge-Spouting Golden Mussels

    Source: United States House of Representatives – Congressman Josh Harder (CA-10)

    First U.S. sighting in the Delta in October, infestation has grown as far south as Kern County

    A single female mussel can produce up to one million offspring a year

     

    WASHINGTON – Today, Rep. Josh Harder (CA-09) introduced legislation with members of the Delta delegation to halt the exploding invasion of golden mussels, a razor-sharp invasive species that spouts sludge, emits a rotting odor, and destroys ecosystems and water infrastructure. The Golden Mussel Eradication and Control Act fights the invasion by deploying new eradication efforts to the Valley.

    The Delta is ground zero for the golden mussel’s continental invasion:

    • The first U.S. sighting of golden mussels occurred near the Port of Stockton just last October, and the infestation now ranges as far south as Kern County.
    • A single female mussel can produce up to one million offspring a year, and in some river systems, they have spread up to 150 miles per year on average.
    • If left unchecked, the infestation could threaten the water supplies relied upon by 27 million Californians and $50 billion in agriculture.

    “Don’t let the name fool you, these golden mussels are sharp, slimy, and stinking invaders that clog our waterways with sludge and threaten our fragile Delta ecosystems. We need to act now to stop their advance,” said Rep. Harder. “This bill protects our waterways and our Delta economy by jumpstarting eradication efforts right now, not when it’s far too late.”

    How the Golden Mussel Eradication and Control Act gets the job done:

    • Deploys a rapid response program to monitor, contain, and begin eradicating the current infestation.
    • Invests in new technology and inspection stations to speed up local eradication efforts.
    • Increases state, local, and federal coordination through a comprehensive report on best practices and new guidance on golden mussel prevention.

    The Golden Mussel Eradication and Control Act is endorsed by the Delta Counties Coalition, which is made up of county supervisors from Contra Costa, Sacramento, San Joaquin, Solano, and Yolo counties.

    ###

    MIL OSI USA News

  • MIL-OSI Security: Man Caught on Missouri Highway with 58 Kilograms of Cocaine Pleads Guilty

    Source: US FBI

    ST. LOUIS – A man from Phoenix, Arizona on Wednesday admitted being caught with over 58 kilograms of cocaine in a traffic stop on Interstate 44 in Phelps County, Missouri.

    Rene Alejandro Valdivia-Gonzalez, 41, pleaded guilty in U.S. District Court in St. Louis to one count of possession with intent to distribute at least five kilograms of cocaine. On Sept. 21, 2024, Valdivia-Gonzalez was stopped in a Mercedes Sprinter van by the Phelps County Sheriff’s Department for a traffic violation. After receiving consent to search the van, the deputy spotted an after-market compartment that had been installed to create a cavity under the original floorboards. The deputy found rectangular bricks wrapped in plastic and tape that weighed about one kilogram each. Investigators also found bricks hidden behind the dashboard. The 53 bricks contained cocaine weighing a total of 58.85 kilograms.

    Valdivia-Gonzalez, who was living in Phoenix, is scheduled to be sentenced October 2. He faces at least 10 years in prison.

    The Phelps County Sheriff’s Department, the Drug Enforcement Administration and the FBI investigated the case. Assistant U.S. Attorney Ryan Finlen is prosecuting the case.

    This effort is part of an Organized Crime Drug Enforcement Task Force (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    MIL Security OSI

  • MIL-OSI USA: Cantwell, Experts Agree: Trump’s Trade War Is Short-Term Pain With No Long-Term Gain

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    06.12.25

    Cantwell, Experts Agree: Trump’s Trade War Is Short-Term Pain With No Long-Term Gain

    “We’re really going to hurt our long-term competitiveness as a nation from doing this,” says Cantwell

    WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Senate Finance Committee, participated in a spotlight forum on tariffs hosted by Democratic senators.

    At the forum, Sen. Cantwell questioned witnesses about the long-term damage that President Trump’s trade war is inflicting on America’s long-term competitiveness.

    “We should be doubling down now on workforce training. Instead, we’re throwing it into cost and chaos, and so we’re really going to hurt our long-term competitiveness as a nation from doing this,” said Sen. Cantwell. “So, we’re not getting any short-term gain. Nobody’s going to make any money here.”

    “Senator, you’re absolutely right,” responded Adam Posen, President of the nonpartisan Peterson Institute for International Economics. “Even if our goal is to create more manufacturing or good jobs […], you can’t compete in manufacturing if you’re further up the value chain, where the better jobs are, if you can’t substitute for these imports at any reasonable price.”

    “This is short-term pain and long-term pain,” added Thea Lee, Economist and Former Deputy Undersecretary for International Labor Affairs. “There is no short-term pain for the long-term gain, because we are destroying the rules-based system.”

    This week, Sen. Cantwell joined 30 Senators in filing an amicus brief in a key case, Oregon v. Department of Homeland Security, challenging the Trump Administration’s abuse of emergency powers to impose global tariffs.

    In April, Sen. Cantwell introduced the bipartisan Trade Review Act of 2025 to reaffirm Congress’ key role in setting and approving U.S. trade policy, and reestablish limits on the president’s ability to impose unilateral tariffs. Her bill has since picked up 12 additional cosponsors – an equal mix of Republicans and Democrats – and been endorsed by multiple major U.S. business organizations, including the National Retail Federation, which is the largest retail trade association in the world. House members also introduced a bipartisan companion bill.

    On April 16, Sen. Cantwell joined nine local business owners and leaders at the Port of Seattle to push back against the Trump administration’s chaotic tariffs-first trade policy. On May 29, she gathered stakeholders at the Port of Seattle again to respond to the chaos caused by President Donald Trump scrambling to keep his draconian tariffs in place amid court challenges.

    “American businesses need a rules-based trade system. That means American families would have the certainty, not chaos and not higher prices. We know this: That when you start trade wars, usually that means you end up closing markets,” Sen. Cantwell said in at the May 29 press conference.

    In Washington state, two out of every five jobs are tied to trade and trade-related industries. More information about how those tariffs will affect consumers and businesses in the State of Washington can be found HERE.  

    For the past four months, President Trump has been sowing economic chaos across the country with unpredictable and ever-changing tariff announcements. His back-and-forth announcements and actions have whipsawed American businesses and consumers, as well as close neighbors and allies.

    Federal Reserve Chairman Powell recently warned, “What looks likely, given the scope and scale of the tariffs, is that … the risks to higher inflation, higher unemployment have increased.”  This week, the Federal Reserve issued its “beige book” report, which found that all 12 Federal Reserve Districts “indicated that higher tariff rates were putting upward pressure on costs and prices.”  Today, the World Bank also said that because of a “substantial rise in trade barriers,” it is cutting its forecast for U.S. economic growth in 2025 in half, while also cutting its estimate for global economic growth, and warned that the world economy “is once more running into turbulence” and “Without a swift course correction, the harm to living standards could be deep.’’

    MIL OSI USA News

  • MIL-OSI Security: Six Defendants Charged In Multimillion-Dollar Check Theft And Bank Fraud Ring

    Source: Office of United States Attorneys

    The United States Attorney for the Southern District of New York, Jay Clayton, and the Acting Inspector in Charge of the New York Division of the United States Postal Inspection Service, Edward Gallashaw, announced today the unsealing of a Superseding Indictment charging six defendants – MICHAEL EDWARDS, a/k/a “Only1Giela”; SHAKEEMO HILL, a/k/a “Keemo,” a/k/a “LBA Menace,” a/k/a “Lex”; WILLIAM HILL, a/k/a “Eway,” a/k/a “Skinny”; ALIXANDRIA LAUTURE, a/k/a “A$”; SHURON MALONE, a/k/a “First Name Last Name”; and CARLOS MERCADO, a/k/a “Kiz,” a/k/a “Kizzle” – with participating in a scheme to steal millions of dollars in checks from the mail.  EDWARDS and MERCADO were previously taken into custody on related charges, and SHAKEEMO HILL, WILLIAM HILL, LAUTURE, and MALONE were arrested earlier today.  SHAKEEMO HILL, WILLIAM HILL, and LAUTURE are expected to be presented before Chief U.S. Magistrate Judge Sarah Netburn, and MALONE is expected to be presented in the Middle District of Florida.  The case is assigned to U.S. District Judge John G. Koeltl.

    “As alleged, the six defendants charged today lined their pockets by stealing checks destined for hard working New Yorkers and others,” said U.S. Attorney Jay Clayton. “Together with our partners at the Postal Inspection Service, we will fight to protect the integrity of the U.S. mail system—a public service upon which millions of Americans rely every day to send items of financial, professional, and personal importance.”

    “The arrests today should send a very clear message that those who engage in mail theft and bank fraud will be held accountable,” said USPIS Acting Inspector in Charge Edward Gallashaw.  “These charges highlight the commitment of the U.S. Postal Inspection Service to bring individuals to justice who steal from USPS customers.  Thank you to the U.S. Attorney’s Office and our investigative partners for working tirelessly on this case, and helping to maintain the public’s trust of the U.S. Postal Service.”

    As alleged in the Superseding Indictment unsealed today in Manhattan federal court, as well as statements made in public court proceedings:[1]

    From at least in or about January 2022 through at least in or about July 2024, the defendants perpetrated a massive scheme to steal millions of dollars in checks from Postal Service collection boxes in New York and elsewhere.  As part of their scheme, the defendants conspired to buy or otherwise obtain keys that would allow them to unlock the Postal collection boxes and steal mail, bank cards, and other bank account information.

    After stealing checks from the mail, the defendants and their coconspirators fraudulently altered the information on those checks either by digitally altering the checks and printing them on check stock, or by chemically “washing” the checks to remove the ink.  To avoid getting caught, the defendants also conspired to obtain and exchange information for bank accounts held in the names of third parties for the purpose of depositing the fraudulently altered checks.

    In total, the fraud ring posted millions of dollars in checks for sale on a third-party messaging application, and also deposited millions of dollars in fraudulently altered checks in bank accounts at national banks along the East Coast.

    The members of the conspiracy played different roles. EDWARDS served as the leader of the organization, coordinating the purchase of postal keys with others, such as WILLIAM HILL, and the use of those keys to steal mail from postal boxes with other coconspirators, such as WILLIAM HILL, SHAKEEMO HILL, and MERCADO.  The organization’s activities were lucrative: in the early morning hours of July 10, 2023, EDWARDS and MERCADO used a postal key to steal approximately $176,000 in checks from the mail.  Other members of the conspiracy, such as EDWARDS, WILLIAM HILL, SHAKEEMO HILL, LAUTURE, and MALONE recruited people they knew to supply their bank account information, including account balances and log-in information.  And because the stolen checks were not made out to the names on the third-party bank accounts, the members of the fraud ring—including EDWARDS and SHAKEEMO HILL—altered the checks to match the names on those bank accounts.  After the checks were altered, the members of the conspiracy, including EDWARDS, WILLIAM HILL, SHAKEEMO HILL, LAUTURE, and MALONE, deposited or recruited others to deposit them into third-party bank accounts.

    *                *                *

    A chart containing the defendants’ names, ages, charges, and maximum penalties is set forth below.

    The statutory maximum and minimum sentences are prescribed by Congress and provided here for informational purposes only, as any sentencing of the defendants will be determined by the judge.   

    Mr. Clayton praised the outstanding investigative work of the USPIS and Homeland Security Investigations.  Mr. Clayton also thanked the U.S. Attorney’s Office for the District of Connecticut for their assistance.     

    The case is being prosecuted by the Office’s General Crimes Unit.  Assistant U.S. Attorneys Jerry J. Fang and William K. Stone are in charge of the prosecution.

    The charges contained in the Superseding Indictment are merely accusations, and the defendants are presumed innocent unless and until proven guilty.

    COUNT

    CHARGE

    DEFENDANTS

    MAX. PENALTIES

    1

    Conspiracy to commit bank fraud

    18 U.S.C. § 1349

    MICHAEL EDWARDS, a/k/a “Only1Giela,” 30;[2]

    SHAKEEMO HILL, a/k/a “Keemo,” a/k/a “LBA Menace,” a/k/a “Lex,” 22;

    WILLIAM HILL, a/k/a “Eway,” a/k/a “Skinny,” 29;

    ALIXANDRIA LAUTURE, a/k/a “A$,” 27;

    SHURON MALONE, a/k/a “First Name Last Name,” 29

    30 years in prison

    2

    Conspiracy to commit theft of a postal key

    18 U.S.C. § 371

    MICHAEL EDWARDS, a/k/a “Only1Giela,” 30;

    WILLIAM HILL, a/k/a “Eway,” a/k/a “Skinny,” 29;

    CARLOS MERCADO, a/k/a “Kiz,” a/k/a “Kizzle,” 22

    Five years in prison

    3

    Conspiracy to commit theft of mail and receipt of stolen mail, and sale and receipt of stolen money

    18 U.S.C. § 371

    MICHAEL EDWARDS, a/k/a “Only1Giela,” 30;

    SHAKEEMO HILL, a/k/a “Keemo,” a/k/a “LBA Menace,” a/k/a “Lex,” 22;

    WILLIAM HILL, a/k/a “Eway,” a/k/a “Skinny,” 29;

    CARLOS MERCADO, a/k/a “Kiz,” a/k/a “Kizzle,” 22

    Five years in prison

    4

    Theft of a postal key

    18 U.S.C. §§ 1704 and 2

    MICHAEL EDWARDS, a/k/a “Only1Giela,” 30;

    CARLOS MERCADO, a/k/a “Kiz,” a/k/a “Kizzle,” 22

    10 years in prison

    5

    Theft of mail and receipt of stolen mail

    18 U.S.C. §§ 1708 and 2

    MICHAEL EDWARDS, a/k/a “Only1Giela,” 30;

    CARLOS MERCADO, a/k/a “Kiz,” a/k/a “Kizzle,” 22

    Five years in prison

    6

    Aggravated identity theft

    18 U.S.C. §§ 1028A(a)(1), 1028A(b), and 2

    MICHAEL EDWARDS, a/k/a “Only1Giela,” 30;

    SHAKEEMO HILL, a/k/a “Keemo,” a/k/a “LBA Menace,” a/k/a “Lex,” 22;

    WILLIAM HILL, a/k/a “Eway,” a/k/a “Skinny,” 29;

    ALIXANDRIA LAUTURE, a/k/a “A$,” 27;

    SHURON MALONE, a/k/a “First Name Last Name, 29”

    Mandatory minimum sentence of two years in prison to run consecutive to any other prison term

    [1] As the introductory phrase signifies, the entirety of the text of the Superseding Indictment and the descriptions of the Superseding Indictment set forth herein constitute only allegations, and every fact described should be treated as an allegation.

    [2] Counts One, Three, and Six charge EDWARDS with committing those offenses while on pretrial release, in violation of 18 U.S.C. § 3147, which subjects him to an additional maximum sentence of 10 years in prison consecutive to any other prison term imposed.

    MIL Security OSI

  • MIL-OSI Security: Lowell Man Pleads Guilty to Trafficking Guns, Drugs, Machinegun Conversion Devices

    Source: US FBI

    The devices, commonly called “switches,” could convert handguns into fully automatic weapons

    BOSTON – A Lowell man has pleaded guilty to multiple federal crimes after he was recorded illegally selling numerous guns, thousands of methamphetamine pills and machineguns.

    Billy Chan, a/k/a “Juju,” 20, pleaded guilty on June 6, 2025 to one count of engaging in the business of dealing in firearms without a license; one count of conspiracy to distribute and to possess with intent to distribute 500 grams and more of methamphetamine; one count of distribution and possession with intent to distribute methamphetamine; and one count of transfer and possession of a machinegun. U.S. District Judge Angel Kelley scheduled sentencing for Sept. 17, 2025.

    On five different dates in Lowell between March 2023 and June 2023, Chan sold three handguns, four machinegun conversion devices and approximately 2,000 pills marketed as “Adderall,” to undercover law enforcement. Laboratory testing confirmed that the “Adderall” pills were homemade methamphetamine pills pressed with caffeine and designed to look like the genuine pharmaceutical product. Chan trafficked the counterfeit pills with an alleged co-conspirator who was a member of the Asian Boyz gang. The investigation revealed that, in 2023, Asian Boyz gang members and associates had access to a plentiful supply of counterfeit pills containing methamphetamine, which they distributed widely across the Merrimack Valley region.

    During a recorded meeting with a cooperating source, Chan said he worked at a machine shop, could make the machinegun conversion “switch” devices himself and gave instructions and demonstrations on how to install the “switches” on a pistol. A few days later, Chan sent the source a video of a person shooting a fully automatic handgun into the air, with the message: “I let my boys test the switch.”

     
    United States Attorney Leah B. Foley; Kimberly Milka, Acting Special Agent in Charge of the Federal Bureau of Investigation, Boston Division; and Superintendent Gregory C. Hudon of the Lowell Police Department made the announcement. Valuable assistance was provided by the Massachusetts State Police and the Billerica, Haverhill, North Andover and Salem Police Departments. Assistant U.S. Attorney Fred M. Wyshak, III of the Organized Crime & Gang Unit is prosecuting the case.

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

    This case is also part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    The details contained in the charging documents are allegations. The remaining defendant in the case is presumed innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI Video: FBI San Francisco: Assault on Federal Officers

    Source: Federal Bureau of Investigation (FBI) (video statements)

    Video depicts an unknown female wearing a black hoodie and black mask assaulting a federal officer in Concord, California, on June 10, 2025. The FBI is offering a reward of up to $25,000 for information leading to the identification and arrest of the individual, as well as the recovery of the FBI special agent’s badge.

    More at: https://www.fbi.gov/video-repository/san-francisco-assault-on-federal-officers-061025.mov/view

    The Federal Bureau of Investigation’s San Francisco Field Office is seeking the public’s assistance in identifying the individual responsible for assaulting federal officers and the theft of government property on June 10, 2025, in Concord, California. The government property stolen is identified as a Federal Bureau of Investigation special agent’s badge. The individual is described as a female who was wearing a black hoodie at the time. She is believed to be the individual who took the FBI special agent’s badge. If you have any information concerning this case, please contact the FBI at 1-800-CALL-FBI (1-800-225-5324), your local FBI office, the nearest American Embassy or Consulate, or you can submit a tip online at tips.fbi.gov.
    —————————————————
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    https://www.youtube.com/watch?v=F1PtV29FwRE

    MIL OSI Video

  • MIL-OSI Security: VIDEO: DHS Arrests Christian Cerna-Camacho for Allegedly Punching CBP Officer during L.A. Riots

    Source: US Department of Homeland Security

    “If you lay a hand on a law enforcement officer, you will be prosecuted to the fullest extent of the law.” – Secretary Noem 

    WASHINGTON – The Department of Homeland Security (DHS) released video footage of the arrest of a Christian Damian Cerna-Camacho, a United States (U.S.). citizen, for allegedly assaulting a federal law enforcement officer during the Los Angeles (LA), California (CA) riots. When officers tried to make the arrest, Cerna-Camacho tried to flee.

    “Homeland Security Investigations arrested Christian Damian Cerna-Camacho for punching a federal law enforcement officer,” said Assistant Secretary Tricia McLaughlin. “Our officers are facing a 413% increase in assaults against them as they put their lives on the line to arrest murders, rapists, and gang members. Secretary Noem’s message to the LA rioters is clear: you will not stop us or slow us down. ICE and our federal law enforcement partners will continue to enforce the law. And if you lay a hand on a law enforcement officer, you will be prosecuted to the fullest extent of the law.”

    Christian Damian Cerna-Camacho

    Watch the arrest footage here.

    Additionally, this week, Immigration and Customs Enforcement (ICE) arrested Emiliano Garduno-Galvez—an illegal alien from Mexico—for attempted murder after he threw a Molotov cocktail at law enforcement during the LA riots. 

    Additionally, the Federal Bureau of Investigation issued a $50,000 reward for information leading to the arrest of Elpidio Reyna for allegedly throwing rocks and explosives at federal officers.

    Elpidio Reyna

    If you see Reyna or have any information that could help lead to his arrest, call 1-800-CALL-FBI or visit http://tips.fbi.gov.

    MIL Security OSI