NewzIntel.com

Category: Finance

  • MIL-OSI Security: Hutchinson Man Sentenced for Child Pornography Distribution

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

    WICHITA, KAN. – A Kansas man was sentenced to 151 months in prison for distributing child exploitation sexual abuse materials. 

    According to court documents, Zachary Charles Hiskey, 27, of Hutchinson pleaded guilty to one count of distribution of child pornography. 

    In June 2021, Hiskey used his account on a messaging app called Kik to share videos depicting adult males engaged in sexually explicit activities with prepubescent children. Kik detected the videos and reported the account to law enforcement through a cyber tipline. This led to the discovery of other child exploitation sexual abuse materials connected to Hiskey’s email account and to IP logs at his home in Hutchinson. 

    While executing a search warrant at Hiskey’s home, investigators found an electronic device with an Internet browser thumbnail of recently viewed child exploitation sexual abuse materials. A forensic examination revealed the Kik account in question had been installed and then deleted on his cell phone.

    The Federal Bureau of Investigation (FBI) investigated the case.

    Assistant U.S. Attorney Jason Hart prosecuted the case.

    Project Safe Childhood
    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 https://www.justice.gov/psc.

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    MIL Security OSI –

  • MIL-OSI Security: Former Hospital Worker Sentenced to 20 Years in Prison for Producing Child Pornography

    Source: Office of United States Attorneys

    ST. LOUIS – U.S. District Judge Matthew T. Schelp on Wednesday sentenced a man who produced child pornography and secretly recorded women in the hospital where he worked to 20 years in prison.

    Ian Wood, 45, of Rolla, Missouri, pleaded guilty in January to one count of production of child pornography and one count of receiving child pornography. He admitted producing child pornography by recording video of three girls when they were nude, including when one girl was 10 years old. He also admitted possessing images and videos in his Google account containing child sexual abuse material (CSAM).

    The CSAM triggered an alert to the National Center for Missing and Exploited Children, which notified law enforcement. A court-approved search of Wood’s Google accounts uncovered the CSAM as well as video files of adult women being recorded by Wood without their consent in the hospital where he worked. The women were filmed in a room and shower in a state of full or partial nudity.

    “The actions of this individual are not only reprehensible, but they are also a grotesque violation of human dignity and trust. We will relentlessly pursue anyone who preys on the innocent,” said ICE Homeland Security Investigations Kansas City Special Agent in Charge Mark Zito. “This case reflects the firm commitment of HSI and our law enforcement partners to ensure that predators are identified, apprehended, and brought to justice. We will not tolerate exploitation in any form and will use every resource at our disposal to protect our communities.”

    Immigration and Customs Enforcement’s Homeland Security Investigations, the Phelps County Sheriff’s Department, the South-Central Missouri Computer Crimes Task Force and the Missouri Department of Social Services’ State Technical Assistance Team investigated the case. Assistant U.S. Attorney Jillian Anderson prosecuted the case.

    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 the Department of Justice Criminal Division’s Child Exploitation and Obscenity Section, 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 www.justice.gov/psc.

    MIL Security OSI –

  • MIL-OSI Security: Kingsville business owner pleads guilty to tax fraud

    Source: Office of United States Attorneys

    CORPUS CHRISTI, Texas – A local resident has admitted to failing to pay employment taxes, announced U.S. Attorney Nicholas J. Ganjei.

    Timothy Gaines Pollard owned and operated Tim Pollard Construction, a residential remodeling and fence installation business in Bishop and Kingsville.

    He admitted that from 2019 through 2021, he was responsible for collecting and withholding employment taxes from his employees’ paychecks. These included federal income, Social Security and Medicare taxes. 

    Pollard admitted he withheld those monies from his employees but failed to pay them to the United States, as the law requires. Instead, Pollard used the funds to cover personal expenses.

    In total, Pollard’s scheme resulted in a total tax loss of over $400,000.

    U.S. District Judge David S. Morales will impose sentencing July 30. At that time, Pollard faces up to five years in prison and a possible $250,000 maximum fine.  

    He was permitted to remain on bond pending that hearing.

    IRS-Criminal Investigation conducted the investigation. Assistant U.S. Attorneys Tyler Foster and John Marck are prosecuting the case. 

    MIL Security OSI –

  • MIL-OSI Security: Three Charged with Trafficking Narcotics in the Naugatuck Valley

    Source: Office of United States Attorneys

    Marc H. Silverman, Acting United States Attorney for the District of Connecticut, Anish Shukla, Acting Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, Stephen P. Belleau, Acting Special Agent in Charge of the Drug Enforcement Administration for New England, today announced that a federal grand jury in Hartford returned a 10-count indictment today charging KEYSHON ZIMMERMAN, also known as “AJ,” “Ace,” and “Slick,” 39, of Stratford; ROBERT SMITH, also known as “Mookie,” 43, of Ansonia; and MAHOGANY PETTWAY-STOKES, 45, of Ansonia with offenses related to the trafficking of fentanyl and cocaine in the Naugatuck Valley.

    As alleged in court documents and statements made in court, an investigation by the FBI New Haven Transnational Organized Crime Task Force and the DEA New Haven District Office (NHDO) Task Force determined that Zimmerman and Smith were distributing fentanyl, cocaine, and prescription opioids in Connecticut’s Lower Naugatuck Valley.  Zimmerman and Smith shared a phone used to coordinate drug transactions.  Zimmerman typically used the phone in the morning and early afternoon and Smith used the phone in the late afternoon into the evening. Between July 2024 and April 2025, investigators made multiple controlled purchase of narcotics from Zimmerman, Smith, and Pettway-Stokes.

    Zimmerman, Smith, and Pettway-Stokes were arrested on April 23, 2025.  It is alleged that as investigators entered Zimmerman’s residence on Main Street in Stratford, they located Zimmerman in a bathroom attempting to flush fentanyl in a toilet.  In association with the arrests, a search of Zimmerman’s residence revealed a large quantity of unpackaged fentanyl and cocaine, drug processing and packaging materials, and approximately $21,000 in cash.  Searches of two cars parked in Stratford and Ansonia used by Zimmerman revealed additional quantities of fentanyl and cocaine, narcotic pills, a .40 caliber semi-automatic pistol with an obliterated serial number, and a 9mm caliber semi-automatic pistol with an extended magazine.  A search of a residence shared by Smith and Pettway-Stokes on Wakelee Avenue in Ansonia revealed two handguns, and a search of an apartment on Olivia Street in Derby revealed narcotics processing and packaging materials, including a kilogram press.

    The indictment charges Zimmerman, Smith, and Pettway-Stokes with one count of conspiracy to distribute, and to possess with intent to distribute, fentanyl and cocaine.  As to this charge, based on the type and quantity of drug attributed to each defendant, Zimmerman faces a mandatory minimum term of imprisonment of 10 years and a maximum term of imprisonment of life, and Smith and Pettway-Stokes each faces a maximum term of imprisonment of 20 years.

    The indictment also charges Zimmerman, Smith, and Pettway-Stokes with multiple substantive counts related to the possession and distribution of controlled substances.  Zimmerman is also charged with two counts of possession of a firearm in furtherance of a drug trafficking crime, an offense that carries a mandatory consecutive term of imprisonment of at least five years on each count.

    Zimmerman and Smith are currently detained and Pettway-Stokes is released on a $75,000 bond.

    Acting U.S. Attorney Silverman stressed that an indictment is not evidence of guilt.  Charges are only allegations, and each defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

    This matter is being investigated by the FBI New Haven Transnational Organized Crime Task Force and the DEA New Haven District Office (NHDO) Task Force.  The FBI Task Force includes participants from the Connecticut State Police and the North Haven, New Haven, East Haven, Milford, and Brookfield Police Departments, and the DEA Task Force includes participants from the U.S. Marshals Service, Internal Revenue Service – Criminal Investigation Division, Connecticut State Police and the New Haven, Waterbury, East Haven, Branford, West Haven, Ansonia, Meriden, Naugatuck, and Shelton Police Departments.  The case is being prosecuted by Assistant U.S. Attorney Geoffrey M. Stone.

    This case is part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime.  Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETF) and Project Safe Neighborhood (PSN).

    MIL Security OSI –

  • MIL-OSI Africa: President Ramaphosa appoints special advisor on investment promotion

    Source: South Africa News Agency

    Wednesday, April 30, 2025

    President Cyril Ramaphosa has appointed former Director-General (DG) of the Department of Trade and Industry, Dr Alistair Ruiters, as Special Advisor: Investment Promotion.

    “Dr Ruiters will advise President Ramaphosa on South Africa’s continuing investment drive, which is a principal component of the 7th Administration’s focus on inclusive economic growth and job creation.

    “Government is implementing a broad range of economic reforms aimed at rendering South Africa more attractive and rewarding for domestic and international investors; advancing greater diversification of the economy, and broadening South Africa’s integration into continental and global supply chains,” the Presidency said in a statement.

    Ruiters, who is an accomplished business leader, also boasts experience in the public service.

    “He holds a D Philosophy degree from Oxford University and a BA Honours from the University of Cape Town, among other qualifications.

    “Dr Ruiters is a former Commissioner of the Competition Commission who, as an entrepreneur, established a number of businesses, and served as Chief Executive and Chairperson of diverse institutions and enterprises, including the National Empowerment Fund, Pebble Bed Modular Reactor and the Afarak Group,” the statement concluded. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: SA ready to welcome visitors for G20 summit

    Source: South Africa News Agency

    By Sandile Nene

    The eyes of the world are firmly focused on South Africa as President of the G20 and the host nation of the G20 Summit in November. 

    This gathering will see the country welcoming over 40 global heads of state to our shores. The G20 accounts for 85 percent of the global economy, 75 percent of international trade, and about two-thirds of the world population.

    The summit will be held under the theme “Solidarity, Equality and Sustainability”, which aligns with our vision of inclusive growth, where all individuals and nations benefit from economic progress.

    As the first African nation to host the G20, South Africa will highlight issues such as economic inequality, development, climate change, and fair-trade practices. The platform of the G20 will also help to further connect countries on the continent and beyond.  

    The G20 is centred on creating a secure foundation for global economic stability, which is a vital catalyst for economic development and in implementing far-reaching global commitments such as the Pact for the Future and the 2030 Agenda for Sustainable Development (Agenda 2030).

    Our hosting of the G20 Summit is an opportunity to showcase all that South Africa offers to the world. This includes strengthening our brand as a tourism and business events destination. 

    The latest International Congress and Conventions Association (ICCA) rankings affirmed South Africa, as the leading business events destination in Africa and the Middle East.  South Africa is renowned for its exceptional ability of hosting world-class, high-profile international events, such as the BRICS Summit. In 2023 we hosted the Netball World Cup, and in 2010 we become the first African nation to host the FIFA World Cup. These and a myriad of other successful events have cemented our reputation of being able to host safe and successful global events. 

    We have also worked to make our country more accessible to international and continental visitors. South Africa has visa waivers for travellers from 132 countries for periods of between 30 and 90 days and our e-Visa system is available to travellers from 34 countries. The Department of Home Affairs also introduced an online e-Visa application system which has simplified the visa process for travellers from eligible countries.

    Speaking at the World Tradeshow 2024, the Minister of Tourism Patricia de Lille, emphasised that travellers to the country will be greeted by world class travel infrastructure with active international routes connecting 72 cities worldwide, serviced by 55 airlines, offering over 7,8million seats across over 52,000 flights scheduled for 2024. 

    The attention generated by the G20 is expected to attract visitors from around the world and will boost international tourism in the years to come. Over 200 meetings are expected to take place in South Africa which present opportunities for the country’s tourism, manufacturing, trade and other investment growth. The approximately 200 meetings will be spread across the different provinces of the country, and the tourism industry will see direct benefits with increased bookings for meeting venues and private tours. 

    The G20 Summit promises to have an economic ripple effect as local businesses will also receive a boost – contributing to sustaining jobs and growth in the tourism sector and other sectors. Furthermore, South Africa is an attractive destination for business services, and has sophisticated digital infrastructure, including mobile networks and high-speed broadband.

    Our hosting of the G20 will reinforce the country’s stature as an attractive and reliable destination for tourism related to Meetings, Incentives, Conferences, and Exhibitions (MICE). This will boost not only business events sector but also the greater South African tourism sector. The South African MICE industry was valued at R121.8 billion in 2023, and it is projected to grow fourfold over the next eight years, reaching R477.9 billion by 2032.

    A number of successful G20 meetings have already been held, including the high profile first Foreign Ministers Meeting, and the first Finance and Central Bank Ministerial Meeting.  As part of efforts to showcase our nation to the world, G20 meetings are being hosted across the country. 

    Recently South Africa was crowned the friendliest country in the world according to a global study by international money transfer service Remitly. In its report Remitly said: “Residents are known for being warm and welcoming, making it easy for travellers and visitors to feel at ease around them.” 

    Let us therefore continue to live up to this reputation by welcoming visitors from around the world with our unique brand of home-grown hospitality. Let us show visitors all that our beautiful country has to offer, and make sure that every visitor leaves our shores with cherished memories and joyful hearts.

    *Sandile Nene is the Acting Deputy Director-General for Content Processing and Dissemination in the Government Communication and Information System (GCIS).

    MIL OSI Africa –

  • MIL-OSI Africa: Budget to be re-tabled on 21 May 2025

    Source: South Africa News Agency

    Finance Minister Enoch Godongwana is expected to re-table the 2025 Budget Review on 21 May 2025.

    This after National Treasury announced that it has withdrawn the proposed 0.5% Value-Added Tax (VAT) increase which was to be implemented on 1 May 2025.

    Godongwana announced the date of the new budget review during a media briefing in Pretoria, on Wednesday.

    The Minister described the ensuing debate following the announcement of the budget tabled on 12 March 2025 as “rigorous, as is right in a healthy democracy”.

    “Today, there’s a clarity [that] VAT will remain at 15%. This decision was shaped not only by political debates but importantly, by the voices of South Africans. 

    “When people speak, we must also listen, and I’m encouraged by the passion shown. It reflects the seriousness with which we approach the hard choices needed to place our finances on a sustainable path, protect the vulnerable and accelerate growth,” he said.
    Godongwana said he was “pleased” that the budget will be balanced “without raising VAT while protecting vital services like education, health and social grants.”

    Three-pronged approach

    The Minister said going forward, National Treasury’s focus will be threefold starting with balancing the budget by managing costs better.

    “Raising other taxes besides VAT was not an option [as] it would harm growth, savings and jobs. Borrowing more would worsen our debt crisis. We already spend more than R1 billion servicing debt. We must do more with less, review government spending critically, root out waste, every cent of public money must be spent wisely.

    “The second issue, we must strengthen revenue collection. In the [March] budget, we made provisions for SARS [the South African Revenue Service] to collect more particularly for those who still owe SARS and to deal with illicit trading,” he said.
    The third area that Treasury will home in on is laying “strong foundations for economic growth”.

    “Job creation is the number one priority. We must remove barriers to investment, unlock private sector capital and expand opportunities for all South Africans. Through Operation Vulindlela, we have already seen what focused collaboration can achieve and we will now accelerate these reforms.

    “The challenges ahead are serious but not insurmountable. If we work together, stay focused and persevere, we can chart a better course for our economy and our people. That is my commitment to South Africans and that is what we aim to achieve when we table the new Budget on the 21st of May 2025,” he said. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Africa: Work underway to develop new fiscal framework

    Source: South Africa News Agency

    Wednesday, April 30, 2025

    National Treasury has assured South Africans that a revised budget will “adhere to all established technical processes and consultations, as set out in the Money Bills and Related Matters Act”.

    This after Finance Minister Enoch Godongwana announced that the 2025 Budget Review will be re-tabled in Parliament on 21 May.

    “This includes formal consultations with the Financial and Fiscal Commission, thorough consultations with all political parties within the Government of National Unity as well as Cabinet approval before presentation to Parliament.

    “While the postponement of the budget’s passage is not ideal, the circumstances leading to this decision have highlighted the importance of meaningful engagement on fiscal matters.

    “This situation has provided a valuable opportunity for all stakeholders – citizens, Members of Parliament, labour organisations, and civil society – to thoroughly engage with the complex challenge of achieving fiscal sustainability, while promoting economic growth and protecting essential public services within very limited resources,” National Treasury said on Wednesday.

    In the interim before the budget is passed in Parliament, government services “continue to be funded under section 29 of the Public Finance Management Act”.

    “This allows spending of up to 45% of last year’s budget during the first four months, and up to 10% for each month after that.

    “While we wait for the 2025 Division of Revenue Act to be passed, funding for provinces and municipalities will continue under the 2024 Act, allowing transfers of up to 45% of their allocated funds,” Treasury said.

    New path

    Work is already underway to develop a new fiscal framework that Treasury emphasises will “maintain the trajectory toward debt stabilisation, a crucial element in strengthening our public finances”.

    The process for a new fiscal framework includes:

    • Revising economic assumptions using the latest available data.
    • Generating updated fiscal projects.
    • Recalculating revenue projections and tax implications.
    • Determining appropriate borrowing strategies.
    • Consolidating these elements into a coherent and sustainable fiscal framework.

    “The Ministry remains committed to transparent communication throughout this process and will provide further updates as they become available. 

    “We owe it to the hardworking citizens of South Africans to be open and transparent about how tax money is spent. 

    “The budget that will be tabled on 21 May will aim to maintain these principles,” Treasury said. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI USA: Trump’s Border Protection Nominee Commits to Sharing Public Information about Location in Custody “As Soon As Possible”

    US Senate News:

    Source: United States Senator for Massachusetts – Elizabeth Warren
    April 30, 2025
    Asserts refusing detainees phone calls and their families information on their location will not be his policy
    Scott: “I will follow court orders…(and) commit to transparency and sharing (custody and location) information consistent with law and policy as quickly as possible.”
    Warren: “Targeting people who have never committed a crime, but who are now terrified that the United States government is going to remove them from their families without any legal help…is not only wrong, it is not making us safer.”
    Video of Exchange (YouTube)
    Washington, D.C. — At a hearing of the Senate Finance Committee, U.S. Senator Elizabeth Warren (D-Mass.) pushed Mr. Rodney Scott, nominee for Commissioner of Customs and Border Protection (CBP), to commit to following court orders, ensuring agents do not deny entry based on travelers’ political views, allowing detained individuals to make phone calls to their families and their lawyers, and publicly releasing information on where people in CBP custody are being held. 
    Senator Warren highlighted the Trump administration’s recent disturbing pattern of detaining people with no criminal record, refusing to let them speak with their families and lawyers, and then deporting them even after courts have said not to. Mr. Scott said he would “follow court orders.” 
    Senator Warren also pointed to a recent report of immigration officials searching a traveler’s phone and denying entry to the United States for criticizing the Trump administration. Mr. Scott agreed that, if confirmed, he would not allow politically motivated denials of entry based on criticism of the President. 
    Senator Warren pushed Mr. Scott to commit to letting the public know within hours, instead of the current policy of 48 hours, when someone is in CBP custody and where they are located. Mr. Scott refused to commit but said he would share public information about the location of people in CBP custody “as soon as possible.”
    “I am concerned that, while I appreciate that you are making commitments to do your best here, that we really are going to need continued oversight to make sure that this happens,” said Senator Warren. 
    “Targeting people who have never committed a crime, but who are now terrified that the United States government is going to remove them from their families without any legal help… is not making us safer,” Senator Warren concluded. 
    Transcript: “Hearing to Consider the Nomination of Rodney Scott, of Oklahoma, to be Commissioner of U.S. Customs and Border Protection, Department of Homeland Security, vice Chris Magnus”Senate Finance CommitteeApril 30, 2025
    Senator Elizabeth Warren: Thank you, Mr. Chairman. So, Americans want to be safe, but in just 100 days, the Trump administration has started to round up people with no criminal record, move them so that even their families and lawyers have no idea where they are, and deport them even after a court has said not to. That is not making our nation safer.  
    Now, Mr. Scott, if confirmed as Customs and Border Protection Commissioner, you will decide whether to continue or to reverse these very troubling trends. 
    So, I want to understand what policies you would follow. Last month, ICE transported Kilmar Abrego Garcia and more than one hundred others to El Salvador after a court ordered they not be removed. Concerns have also been raised about whether CBP is deporting people in violation of court orders.
    So let me start there. Mr. Scott, will it be your policy as CBP Commissioner to deport people in violation of court orders?
    Mr. Rodney Scott, nominee for Commissioner of Customs and Border Protection: No, ma’am. I will follow court orders. 
    Senator Warren: That’s what I like to hear. So, let’s try another one. Last month, CBP reportedly searched the phone of a French scientist at a Houston airport, and reportedly found text messages criticizing President Trump’s research policies, and then denied him entry. 
    Mr. Scott, will it be your policy as CBP Commissioner to deny entry to travelers because they criticize Donald Trump? 
    Mr. Scott: In my experience, that does not happen. In my experience—
    Senator Warren: That’s not my question. My question is will it be your policy that if someone criticizes Donald Trump will be denied entry to the United States of America?
    Mr. Scott: No, and I don’t believe that happens today either.
    Senator Warren: Alright, but you will make sure that that is not the policy that CBP follows, is that right? 
    Mr. Scott: If confirmed, that’s correct. 
    Senator Warren: Alright, let’s do one more. Lawyers and loved ones are finding CBP to be a black box that detains people and refuses to tell anyone where they are for hours, sometimes for days. 
    For example, two U.S. citizen children and their immigrant mother were detained by CBP for three days without being able to communicate with legal counsel or anyone in their family. They reported feeling “kidnapped.” 
    Mr. Scott, you said you care about transparency. Will it be your policy for CBP agents to detain a family and prevent them from speaking with counsel or their families for days?
    Mr. Scott: That is not the policy of CBP. And if confirmed that would not be my policy.
    Senator Warren: Alright. And will you commit to letting the public know within hours, not days, when someone is in CBP custody and where they are located, the same way that ICE does?
    Mr. Scott: I have learned to not over commit to something that I can’t follow through on. I commit to transparency and sharing that information consistent with law and policy as quickly as possible, but CBP is slightly different. There’s an interdiction, there’s a processing, we don’t have detention facilities, so a lot of times they are taken somewhere else. 
    There are time delays and the generality of within hours—as soon as possible I will commit to, but I cannot commit to a specific timeline, because it changes in different parts of the country depending on where the individual is encountered. 
    Senator Warren: So, are you telling me that literally it can be days before CBP understands they’ve got someone and to let that person be able to call a family member so they’re not frantically wondering what happened to them?
    Mr. Scott: So, under the last administration and the chaos that was created the answer to your question was yes. People being arrested were so backed up that in many cases it was taking CBP officers and patrol agents days just to get to them to do basic processing. 
    Senator Warren: And in the meantime, none of them were permitted to make a phone call? 
    Mr. Scott: We didn’t know who they were. 
    Senator Warren: So you can’t let them make a phone call to just tell their family where they are or find a lawyer if that’s what they think they need? 
    Mr. Scott: I believe there were 15,000 of them in one day. There wasn’t time. It was about officer safety, it was about keeping people safe and keeping them safe. Because it’s not just 15,000 families. There were criminals mixed in there. There were gang members mixed in there. There were cartel members mixed in there. And all of the officers and agents when we create this chaos have to deal with all of that and keep people safe, so it gets delayed. 
    Today we don’t have that problem, because the Trump administration’s created policies that have deterred all that massive chaos on the border from crossing. So those calls will take place quicker because we actually have time to—
    Senator Warren: So, if the Trump administration has ended all the chaos, is there a reason that you cannot commit to let people be able to reach out to their families within hours of being detained by CBP?
    You said you got that chaos under control now?
    Mr. Scott: I will confirm that if confirmed as commissioner, my commitment to you is we will let them make that call as quickly as reasonably possible with the other factors that I just outlined for you.
    Senator Warren: Well, the questions I asked are really straightforward and I’m very worried about what’s happening now—denying people entry because they criticize Donald Trump. 
    I’m worried about the feeling that people have been disappeared, including mothers with children, for days on end. And I am concerned that, while I appreciate that you are making commitments to do your best here, that we really are going to need continued oversight to make sure that this happens.
    Targeting people who have never committed a crime, but who are now terrified that the United States government is going to remove them from their families without any legal help, take them off of our streets or out of our airports is not only wrong, it is not making us safer. 
    I apologize for going over, Mr. Chairman.

    MIL OSI USA News –

  • MIL-OSI: XRP News: XploraDEX $XPL Token Now Live on MagneticX Exchange—Buy Now Before the Next Wave Hits

    Source: GlobeNewswire (MIL-OSI)

    ZURICH, April 30, 2025 (GLOBE NEWSWIRE) — The wait is over. The $XPL token, native to XploraDEX—the first AI-powered decentralized exchange on XRPL—is now officially trading on MagneticXc. And just hours after going live, investor demand is already surging.

    Purchase $XPL token on MagneticX

    After an explosive presale that saw over 86% of the token allocation claimed and a record-setting token distribution phase, $XPL is now fully unleashed on the open market. This marks a new era for XRPL traders and DeFi participants looking to capitalize on the future of smart, AI-powered trading.

    Why You Need to Act Now:

    • $XPL is trading live on MagneticXc, the fastest-growing DEX on XRPL.
    • Early holders have already begun staking and accessing the AI-powered dashboard.
    • First listings often see rapid price discovery—early entries typically yield the highest returns.
    • The next listings on more XRPL-based DEXs are rumored to follow soon.

    Buy $XPL on MagneticX Exchange

    The launch of $XPL on MagneticXc opens up real-time access to the heart of the XploraDEX ecosystem. And with the AI dashboard, staking pools, and governance activation going live in the coming days, the token’s utility is not just speculative—it’s functional and evolving.

    What $XPL Offers:

    • Access to smart trading tools powered by AI
    • High-yield staking opportunities
    • Protocol governance participation
    • Priority launchpad access for XRPL project launches
    • Real-time analytics for smarter portfolio management

    The XRP community has already started responding. Trading volume is ramping up, new wallet addresses are connecting, and social sentiment is turning bullish. On-chain indicators show a steady rise in demand as investors position ahead of platform milestones.

    Purchase $XPL token on MagneticX

    This Is the Moment

    If you missed the presale—this is your chance to get in before price discovery takes $XPL further into uncharted territory. The listing on MagneticXc is only the beginning of $XPL’s journey across the XRPL DeFi landscape.

    The window to be early has reopened—but only for a short while.

    Buy $XPL on MagneticX Now

    $XPL is live. Trading has begun. Be early—or be priced out.

    Join AI Revolution with XploraDex – Website | $XPL Token | X | Telegram

    Contact:
    Oliver Muller
    oliver@xploradex.io
    contact@xploradex.io

    Disclaimer: This press release is provided by the XploraDEX. 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.

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    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/32827ea9-b455-4249-9cda-2839b3e09751

    The MIL Network –

  • MIL-OSI Video: Ahead of the Threat Podcast: Episode Nine – Meredith Griffanti

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

    Are you an expert in communications? Do you need communications help? Are you ready for how to communicate to employees, the government, or your customers if a crisis happens? Many agencies believe they have it covered but when a crisis does happens, the reality comes into focus that communications is a more nuanced and involved part of a response.

    Meredith Griffanti and her team do this “all day, every day.” As FTI’s senior managing director for cybersecurity and data privacy communications, Griffanti discusses her observations about the industry, common pitfalls and some changing attitudes about communications with hosts Bryan Vorndran, FBI assistant director of the Cyber Division, and Jamil Farshchi, an FBI strategic engagement advisor.

    Kicking off this episode’s Top Three segment with a look at current cybersecurity news, Bryan and Jamil assess the return of the LockBit ransomware group, a new tactic of “microransoms” targeting everyday users, and an FBI advisory warning people about fake FBI agents claiming to be from the Internet Crime Complaint Center (IC3): https://www.ic3.gov/PSA/2025/PSA250418#:~:text=Tips%20to%20Protect%20Yourself,or%20other%20law%20enforcement%20officers.

    Listen to Ahead of the Threat episodes, read the transcripts, and find related material at https://www.fbi.gov/aheadofthethreat.
    —————————————————
    Subscribe to Ahead of the Threat wherever you get your podcasts:
    Apple Podcasts: https://podcasts.apple.com/us/podcast…
    Spotify: https://open.spotify.com/show/7nV7uYs…
    More ways to follow us: https://ahead-of-the-threat.transisto…

    Follow us on social media:
    X: https://twitter.com/fbi
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    https://www.youtube.com/watch?v=mCDi0KVOdhM

    MIL OSI Video –

  • MIL-OSI Canada: Addition of One Government Securities Distributor for Government of Canada Securities

    Source: Bank of Canada

    The Bank of Canada, on behalf of the Government of Canada, announces the addition of one new Government Securities Distributor (GSD) for Government of Canada marketable bonds and treasury bills.

    ATB Securities Inc.

    The list of Government Securities Distributors can be found on the Government securities auctions webpage on the Bank’s website.

    For further information, please contact:

    Director
    Financial Markets Department
    Bank of Canada
    343‑573‑4846

    Director
    Funds Management Division
    Department of Finance Canada
    343‑549‑3651

    MIL OSI Canada News –

  • MIL-OSI Security: Former Credit Union Employee Sentenced for Bank Fraud Conspiracy

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

    BEAUMONT, Texas – A Winnie man has been sentenced to federal prison for bank fraud conspiracy in the Eastern District of Texas, announced Acting U.S. Attorney Abe McGlothin, Jr.

    Billy Ray Thomas, Jr., 40, pleaded guilty to conspiring to commit bank fraud and was sentenced to 34 months in federal prison by U.S. District Judge Marcia A. Crone on April 29, 2025.  Thomas was also ordered to pay restitution of $1,363,825.18

    According to information presented in court, on September 6, 2018, a Neches Federal Credit Union (NFCU) member contacted the credit union and reported there were loans reflected on their account that they did not request.  Shortly thereafter, another member notified the Credit Union that they also had loans on their account that were not theirs. This type of notification then became common over the next few weeks, involving as many as 30 members, all associated with Thomas, an assistant branch manager for NFCU.  An investigation revealed Thomas was working with another individual to commit bank fraud by using family members and acquaintances as the identified borrowers. The victims stated either they did not sign the documents, or they did sign the documents but did so electronically when Thomas would bring them a tablet for signature. In other circumstances, the victims stated they did physically sign some paper documents. However, in most circumstances, the victims stated they did not know what they were signing as they trusted Thomas implicitly.  Thomas was originally employed on May 16, 2005, with NFCU at the Pearl Street Branch in Beaumont.  At some point, Thomas was promoted to the position of assistant branch manager and some of Thomas’ responsibilities included serving as a loan officer.  Thomas resigned from his employment as the assistant branch manager on September 18, 2018.  As a result of Thomas’ fraudulent activities, losses are estimated at over $1 million.

    This case was investigated by FBI’s Beaumont Field Office and the Beaumont Police Department and prosecuted by Assistant U.S. Attorney Reynaldo P. Morin.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Kissimmee Real Estate Broker Sentenced For Bank Fraud

    Source: Office of United States Attorneys

    Orlando, FL – United States District Judge Wendy W. Berger has sentenced Maria Del Carmen Montes (48, Kissimmee) to 33 months in federal prison for bank fraud. Montes pleaded guilty on January 4, 2024. 

    According to court documents, Montes, co-conspirator Carlos Ferrer, and others created and executed a mortgage fraud scheme targeting financial institutions. Montes assisted clients with purchasing homes and, after signing the real estate contract, referred her buyers to a loan officer at a mortgage company. In order to qualify her clients for mortgage loans for which they were unqualified, Montes transferred the personal identifying and financial information of her clients to Ferrer and directed Ferrer to create fictitious paystubs and W-2s showing false earnings and length of employment for her clients, knowing that her clients never worked for the companies on the fictitious employment documents. After Ferrer created the documents, Montes submitted the fictitious paystubs and W-2s to the financial institutions who relied on them when making underwriting decisions. 

    On August 13, 2024, Ferrer was sentenced to four months’ imprisonment and ordered to serve three years of supervised release for his role in the case.

    This case was investigated by the Federal Housing Finance Agency – Office of Inspector General, the U.S. Department of Housing and Urban Development – Office of Inspector General, and the Federal Bureau of Investigation. It was prosecuted by Special Assistant United States Attorney Chris Poor.

    MIL Security OSI –

  • MIL-OSI USA: SCHUMER, GILLIBRAND, MANNION SLAM RUMORED ‘DOGE’ CUTS TO DFAS ROME WORKFORCE, DEMAND DEPARTMENT OF DEFENSE IMMEDIATELY REVERSE COURSE & PROTECT THE MOHAWK VALLEY WORKERS VITAL TO AMERICA’S MILITARY…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Nearly 100 Full-Time DFAS Rome Workers Have Already Left Amid ‘DOGE’ Chaos, And ‘DOGE’ Has Already Targeted Nearly 100 Probationary Workers To Be Fired, Which Is Currently Under Litigation  – In Total, This Would Slash DFAS Rome Workforce By Over 20%, With More Rumored Cuts Still On Horizon

    DFAS Rome’s Civilian Workforce Manages All Financial Services for Military Operations, Providing Defense Department And Our Troops With Mission-Critical Accounting Services, Logistical Support, And More

    Schumer, Gillibrand, Mannion: Protecting DFAS Rome Is Essential To Supporting Our Brave Warfighters And Their Families

    Amid ‘DOGE’ chaos and cuts impacting hundreds of workers at DFAS Rome, U.S. Senator Chuck Schumer, U.S. Senator Kirsten Gillibrand, and U.S. Congressman John Mannion urged the U.S. Department of Defense to preserve the civilian workforce at DFAS Rome, as they are vital to supporting the DOD and the brave men and women of our armed forces, including warfighters.

    Schumer said that, “’DOGE’ needs to get their hands off DFAS Rome. The world-class workers at DFAS Rome support America’s Armed Forces, and protecting the DFAS Rome workforce is vital to protecting our national security, our troops and the Mohawk Valley economy.”

    “‘DOGE’s shoot-first-and-ask-questions-later approach to DFAS Rome’s workforce will undermine their ability to effectively execute its vital mission in support of our Armed Forces and the DOD. DFAS in Rome is not only vital to the Department of Defense but also to the City of Rome and Mohawk Valley’s economy. This proposal would hurt every level of our Armed Forces, undermine America’s national security, and hurt the Mohawk Valley community,” said Senator Schumer. “I am all for cutting out inefficiency, but you use a scalpel, not a chainsaw. You don’t fire hardworking Americans, like those at DFAS, who have dedicated their careers to supporting our military servicemembers, families, and all DoD operations. The civilian workforce of DFAS Rome is not ‘government waste’ – they are what makes America great. That’s why I’m demanding the Department of Defense oppose and immediately reverse any plans to reduce DFAS Rome’s civilian workforce.”

    “DFAS employees in Rome and across the country provide mission-critical support to every level of our armed forces,” said Senator Gillibrand. “Firing these workers will jeopardize our national security, harm Rome’s economy, and make it more difficult for servicemembers, veterans, retirees, and military families to resolve payroll issues and get the health and retirement benefits they’ve earned. I’m urging the Department of Defense to immediately reverse its plans to cut DFAS employees, and I will stand steadfast in my commitment to protect these crucial workers.”

    Representative John W. Mannion said, “DFAS was created to bring consistency and accountability to the Department of Defense’s financial operations—critical principles it continues to uphold every day in service to our warfighters, their families, and American taxpayers. Workforce reductions at DFAS Rome undermine this mission and threaten jobs that are vital to the Mohawk Valley economy. These cuts are unnecessary and contradict our shared commitment to a responsive, effective, and fully supported Department of Defense.”

    DFAS / AFGE President Edward Abounader said, “For over 20 years Senator Schumer has been a staunch advocate for DFAS Rome and its employees, and we deeply appreciate his continued support alongside Senator Gillibrand and Congressman Mannion. With our workforce already down hundreds of employees and additional cuts on the horizon, it’s time for all of us to come together and fight to protect DFAS Rome before it’s too late. On behalf of the hard-working employees at DFAS Rome and DFAS locations across the country, I would like to thank our Senator Schumer, Senator Gillibrand and Congressman Mannion for standing up for the critical work we do to assist our Nations Warfighters through diligent fiscal oversight as the premier Government Working Capital Fund for the Department of Defense.”

    According to local representatives tied to DFAS Rome, ‘DOGE’ is actively attempting to cut around 100 full-time DFAS Rome workers because of their probationary status, but those workers are currently still on the jobs because of pending litigation. Since ‘DOGE’ has begun their plans to cut the federal workforce, 60 people at DFAS Rome have taken the ‘fork in the road’ offer for early retirement, while an approximately additional 40 have resigned since February amid fear of the impact ‘DOGE’ would have on their jobs. DFAS Rome is currently unable to replace any of this lost workforce because of the ongoing federal hiring freeze, and according to local representatives tied to DFAS Rome given the ongoing ‘DOGE’ chaos they expect to lose more workers to resignations and retirements.

    Even worse, there is also concerns of rumored even deeper cuts under consideration, as well as an attack on the DFAS union’s Master Collective Bargaining Agreement, which could put hundreds of additional workers at risk and create an existential threat to the future of DFAS Rome.

    The lawmakers in a letter to the U.S. Department of Defense explained these firings and inability to hire new workers would cripple a significant portion of DFAS Rome’s 1,100+ workforce, most of whom are civilians. DFAS Rome’s civilian workforce provides mission-critical financial services and logistical support to our Armed Forces and every element of DoD operations, from facilities sustainment and foreign military sales (FMS) to forward deployment. The lawmakers explained that DFAS Rome provides support services directly to servicemembers and their families, such as payroll, benefits enrollment, and reimbursement for travel related to deployment or Permanent Change of Station (PCS) for active duty servicemembers.

    The lawmakers added that the first round of cuts carried out by DOGE and DoD earlier this year has already set several of DFAS Rome’s operational cells responsible for providing these support functions—including the call center and travel section—on a trajectory towards mission failure. The impacts of these cuts will inevitably impose additional burdens and stress factors on our military servicemembers and their families that are otherwise avoidable, and will ultimately degrade readiness, recruitment, and retention among our Armed Forces.

    Schumer and Gillibrand have a long history of fighting to preserve jobs at Rome’s DFAS. Last year, the senators helped protect hundreds of DFAS employees in Rome from job displacement caused by automation and “rapid deployment” of bots. In 2020, the senators secured language in the FY2021 NDAA increasing Congressional oversight over DFAS personnel changes and adding additional protection for DFAS employees by requiring DoD to justify that proposed changes would yield significant cost savings before transitioning any functions that would result in the reduction or transfer of DFAS employees. In 2018, the senators went to bat for DFAS in the Senate, successfully ensuring that the Senate NDAA did not contain the 25% cut to agencies that employ civilian workers the House version did. In doing so, the Senators saved approximately 200 DFAS jobs. In 2017, after years of advocacy, the senators announced that a US Army pilot program jeopardizing over 1000 DFAS Rome jobs had concluded and there would be no changes or layoffs. Those advocacy efforts included FY2015 NDAA language requiring the Army Secretary to certify benefit prior to transferring functions away from DFAS, a personal call from Schumer to Army Secretary John McHugh, and a joint letter with Senator Gillibrand to Secretary McHugh.

    The Defense Finance and Accounting Service was created in 1991 to standardize and improve accounting and financial operations for DoD. They provide payroll services for DoD military and civilian personnel, retirees and other major contractors and vendors. DFAS operates as a separate and unique entity in DoD, to ensure transparency and accountability on behalf of DoD financing and accounting.

    Schumer, Gillibrand, and Mannion’s letter to U.S. Department of Defense Secretary Hegseth can be found HERE.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: Shri Gyaneshwar Kumar Singh Takes Charge as Director General & CEO of Indian Institute of Corporate Affairs(IICA), bringing Over 30 Years of Expertise in Finance, Law, and Governance

    Source: Government of India

    Shri Gyaneshwar Kumar Singh Takes Charge as Director General & CEO of Indian Institute of Corporate Affairs(IICA), bringing Over 30 Years of Expertise in Finance, Law, and Governance

    Shri Singh has served in key positions in the Ministry of Corporate Affairs including IEPFA, IBBI, and other important institutions

    Posted On: 30 APR 2025 7:51PM by PIB Delhi

     Shri Gyaneshwar Kumar Singh, a distinguished officer of the Indian Post & Telecommunication Accounts and Finance Service (IP&TAFS), 1992 batch, has assumed charge as the new Director General and Chief Executive Officer of the Indian Institute of Corporate Affairs (IICA), which is a think tank under the Ministry of Corporate Affairs, Government of India. With an illustrious career spanning over three decades, Shri Singh brings with him a wealth of experience in Finance, Corporate law, Insolvency, Corporate Social Responsibility, ESG Reporting, Public Policy, E-Governance, and Capacity Building.

     

    He has previously served in various key roles including Joint Secretary in the Ministry of Corporate Affairs, CEO of the Investor Education and Protection Fund Authority (IEPFA), and as Member of the Governing Body of the Insolvency and Bankruptcy Board of India (IBBI).  He was also Government nominee to the Central Council of the Indian Institute of Company Secretaries and Indian Institute of Chartered Accountants of India from 2019 -2021. Notably, he also held the position of DG & CEO of IICA during 2017–18, when he led a remarkable turnaround of the institute, making it financially self-sustaining.

    He was Member Secretary of the Insolvency Law Committee (ILC) from 2018 to 2021.He played an important role in implementation of the Insolvency and Bankruptcy Code and subsequent amendments to the code up including amendment Act on Pre-packaged insolvency resolution, thereby making the Code more responsive to the needs of the economy. He also made significant contribution in establishment and strengtheningof many new institutions in the Ministry of Corporate Affairs such as NCLT, NCLAT, IEPFA and IBBI.

     He possesses core competency in Corporate Social Responsibility (CSR) and played a pivotal role in assisting the Ministry of Corporate Affairs in launching the National CSR Awards Scheme, which aims to benchmark best CSR practices across the country. He also served as the Member & Convener of the High-Level Committee on Corporate Social Responsibility, contributing significantly to the finalization and submission of the committee’s report in 2019. Furthermore, he played a critical role in overhauling the CSR Rules, 2014, including revamping reporting formats and development of transparent systems for CSR disclosures, enhancing ease of doing business and minimising discretion.

    A thought leader in sustainable corporate governance, Shri Singh chaired the Committee on Business Responsibility Reporting (BRR) and submitted a comprehensive report in August 2020. This landmark work laid the foundation for SEBI’s mandate on Business Responsibility and Sustainability Reporting (BRSR) for the top 1000 listed companies on a voluntary basis from FY 2021–22.

    Shri Singh holds academic degrees from prestigious institutions including JNU (MA &M.Phil in Sociology), FMS Delhi (MBA in Finance), and Delhi University (LLB and BA Hons in History). His international stint as Capacity Development Advisor with UNDP Afghanistan adds a global dimension to his profile.

    His return to IICA signals a promising new chapter for the institute as it continues to serve as a think tank, policy laboratory, and capacity development hub under the aegis of the Ministry of Corporate Affairs. Shri Singh’s visionary leadership is expected to further IICA’s mission of promoting responsible corporate governance, sustainability, and innovation in India’s dynamic business environment.

    ******

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    MIL OSI Asia Pacific News –

  • MIL-OSI Security: 18th Street Gang Member Sentenced to 45 Years in Prison for Racketeering Conspiracy and Two Murders

    Source: Office of United States Attorneys

    Defendant Recorded Victim Being Stabbed More than 100 Times and Sent the Video to Other Gang Members as a Warning Not to Cooperate with Law Enforcement

    Earlier today, at the federal courthouse in Brooklyn, Yanki Misael Cruz-Mateo, a member of the 18th Street gang, a transnational criminal organization, was sentenced by United States District Judge LaShann DeArcy Hall to 45 years’ imprisonment for racketeering conspiracy in connection with his participation in two murders: the October 25, 2017 murder of 20-year-old Jonathan Figueroa in Saugerties, New York, and the February 2, 2018 murder of 20-year-old Oscar Antonio Blanco-Hernandez in Queens.

    John J. Durham, United States Attorney for the Eastern District of New York, and Christopher G. Raia, Assistant Director in Charge, Federal Bureau of Investigation, New York Field Office (FBI), announced the sentence.

    “Cruz-Mateo committed two horrific murders and boasted about the carnage in video and text messages to instill fear, exact retribution, and promote gang violence,” stated United States Attorney Durham.  “The lengthy sentence imposed today delivers a powerful message that senseless violence carries serious consequences. My Office will continue our tireless efforts to investigate and prosecute violence carried out by the 18th Street and other transnational criminal organizations.  It is my sincere hope that the justice meted out today provides a measure of comfort and closure for the victims’ loved ones.”

    Mr. Durham expressed his appreciation to the United States Attorney’s Office for the Northern District of New York, the Ulster County District Attorney’s Office, the Queens County District Attorney’s Office, the New York State Police, the Kingston Police Department, and the New York City Police Department for their assistance on the case.

    “Yanki Misael Cruz-Mateo, an 18th Street gang member, lured two victims to their brutal murders as retribution for perceived disloyalty and affiliation with rival organizations,” stated FBI Assistant Director in Charge Raia.  “His actions mirror the gang’s depravity and its lawless prioritization of social status over human life.  May today’s sentencing offer a semblance of justice for the victims’ families and highlight the FBI’s continued determination to eradicate all brutal gang violence plaguing our communities.

    Today’s sentence is the latest achievement in a series of prosecutions by this Office and our law enforcement partners of the leaders, members, and associates of 18th Street.  According to court filings and proceedings, 18th Street is a transnational criminal organization and violent street gang with members and associates residing throughout New York State, including Queens and Long Island, elsewhere throughout the United States, including Houston, Texas, and Central America. Members of 18th Street regularly engage in murder, attempted murder, assault, extortion, illegal drug and firearms trafficking, false identification document production, witness tampering, and money laundering.

    October 25, 2017 Murder of Jonathan Figueroa

    As set forth in court filings, including the government’s sentencing memorandum, in the late evening hours of October 24, 2017, Cruz-Mateo lured and travelled with Figueroa from Queens to Kingston, New York. Upon their arrival in Kingston, they were met by Israel Mediola Flores and other 18th Street members and associates who, into the early morning hours the following day, brought Figueroa to Turkey Point State Forest, brutally stabbed him to death and buried him in a makeshift grave.  Cruz-Mateo ordered the murder to be video-recorded and captured multiple 18th Street members and associates repeatedly stabbing Figueroa, slashing his throat and severing his ear.  In the video, Cruz-Mateo stated that Figueroa was being murdered for “being a rat.” Cruz-Mateo then sent the video to other 18th Street members as a warning.  Figueroa’s body was discovered in February 2018 by the FBI, along with state and local law enforcement authorities, in a five-foot deep grave in Turkey Point State Forest.  The victim had sustained more than 100 stab wounds.

    Co-defendants Walter Fernando Alfaro Pineda, Israel Mediola Flores, and Jose Douglas Castellano pleaded guilty to Figueroa’s murder. Mediola Flores was sentenced to 425 months in prison; Pineda and Castellano are awaiting sentencing.

    February 2, 2018 Murder of Oscar Antonio Blanco-Hernandez

    On February 2, 2018, several gang members killed Blanco-Hernandez because they believed he was a member of the rival MS-13 gang.  Co-defendant Jose Chacon had met Blanco-Hernandez weeks earlier through their mutual employer, a New Jersey-based house painting company.  On the morning of the murder, co-defendant Carolina Cruz and Chacon picked up Blanco-Hernandez at his home in New Jersey under the guise of going to smoke marijuana as friends.  Cruz and Chacon drove Blanco-Hernandez to Queens where they met 18th Street gang members, including Cruz-Mateo and co-defendant Yoni Sierra, who entered the rear passenger seat of Cruz’s car on opposite sides, sandwiching Blanco-Hernandez between them.  Cruz drove Chacon, Cruz-Mateo, Sierra, and their victim about 1.6 miles away to a quiet residential neighborhood.  Cruz-Mateo, Sierra, and Blanco-Hernandez got out of the car and started walking eastbound, while Cruz and Chacon stayed behind with the car.  After walking for a few minutes, Cruz-Mateo drew a .380 caliber semiautomatic handgun and shot Blanco-Hernandez in the back of the head, killing him instantly. Blanco-Hernandez’s body was discovered on a residential street in the Jamaica Hills section of Queens.  He sustained three gunshot wounds: two gunshots to the torso and one to the head.

    Sierra, Chacon, and Cruz also pleaded guilty to Blanco-Hernandez’s murder.  Chacon was sentenced to 269 months in prison; Sierra to 204 months in prison; and Cruz to 150 months in prison.

    This case is part of an ongoing Organized Crime Drug Enforcement Task Forces (OCDETF) investigation led by the United States Attorney’s Office for the Eastern District of New York and the FBI.  The principal mission of the OCDETF program is to identify, disrupt, and dismantle the most serious drug trafficking, weapons trafficking, and money laundering organizations, and those primarily responsible for the nation’s illegal drug supply.  OCDETF uses a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

    The government’s case is being handled by the Office’s International Narcotics and Money Laundering Section.  Assistant United States  Attorneys Jonathan P. Lax, Erin Reid, Margaret Schierberl, Adam Amir, and Rebecca Urquiola are in charge of the prosecution, with the assistance of Paralegal Specialists Tareva Torres and Samuel Ronchetti.

    The Defendant:

    YANKI MISAEL CRUZ-MATEO (also known as “Yenki Misael Cruz Mateo,” “Yankee Mateo,” “Doggy,” and “Wino”)
    Age: 25
    Jamaica, Queens

    Co-Defendants Previously Convicted:

    ERIC CHAVEZ (also known as “Lunatico”)
    Age: 25
    Jamaica, New York

    WALTER FERNANDO ALFARO PINEDA (also known as “Clever”)
    Age: 45
    Houston, Texas

    ISRAEL MEDIOLA FLORES (also known as “Chapito” and “Sinaloa”)
    Age: 29
    Kingston, New York

    YONI ALEXANDER SIERRA (also known as “Arca,” “Arc Angel” and “Wasson”)
    Age: 26
    Jamaica, Queens

    JOSE JIMENEZ CHACON (also known as “Little One”)
    Age: 26
    New Brunswick, New Jersey

    CAROLINA CRUZ (also known as “La Fiera”)
    Age: 31
    Elizabeth, New Jersey

    JOSE DOUGLAS CASTELLANO (also known as “Chino”)
    Age: 26
    Brooklyn, New York

    JUNIOR ZELAYA-CANALES (also known as “Terco”)
    Age: 28
    Jamaica, New York

    E.D.N.Y. Docket No. 18-CR-139 (S-7) (LDH)

    MIL Security OSI –

  • MIL-OSI USA: CE Los Angeles, multiagency case dismantles identity theft mill, organized retail scheme spanning 7 California counties

    Source: US Immigration and Customs Enforcement

    LOS ANGELES — Felony charges were filed April 25 against three people involved in a suspected identity theft mill, where stolen identities were used in an organized retail crime scheme. The scheme involved suspects applying for store credit cards using stolen identities and credit lines to purchase merchandise. The fraud scheme was carried out in Los Angeles, Orange, San Bernardino, Riverside, Alameda, San Mateo, and Santa Clara Counties. U.S. Immigration and Customs Enforcement assisted the investigation led by the California Department of Justice based on a referral from a Signet Jeweler’s Corporate Fraud Investigator, in cooperation by Santa Maria Police Department, Los Angeles County Sheriff’s Department, California Highway Patrol and Westminster Police department.

    “These arrests are the result of excellent collaboration between HSI, private industry, state and local law enforcement partners,” ICE Homeland Security Investigations Orange County Assistant Special Agent in Charge Christopher Bracken. “HSI will work tirelessly with our partners in California to ensure that those who commit fraud will be held accountable.”

    As a result of the investigation, a 34-count felony complaint was filed against three defendants by DOJ. The charges include organized retail theft, grand theft, and identity theft of 13 victims.

    “I am committed to using the full force of the California Department of Justice to fight organized retail crime both in the field and in the courtroom,” said Attorney General Rob Bonta. “This was not a one-off shoplifting offense, it was a malicious, coordinated scheme. These crimes hurt our businesses and pose a serious threat to our communities. I am thankful to Signet Jewelers as well as our local and state law enforcement partners for their collaboration in the battle against organized retail crime. We will not give up until we put a stop to this criminal activity all together.”

    From March 2023 to July 2023, the defendants fraudulently obtained over $100,000 worth of merchandise from high end retail stores and Harbor Freight retailers.

    “The Los Angeles County Sheriff’s Department is deeply committed to tackling organized retail crime through strategic multiagency collaboration, intelligence sharing, and targeted enforcement,” said Los Angeles County Sheriff’s Department Detective Division Chief Joe Mendoza. “By working closely with our local, state, and federal partners, we continue to strengthen our efforts, disrupt criminal networks, protect both businesses and our communities, while holding individuals accountable.”

    A copy of the criminal complaint in this case is available here. Photos related to this investigation can be found here, here and here.

    MIL OSI USA News –

  • MIL-OSI: Gems Launchpad expands its Gems Protect offering, introducing the first Credit Refund option on original investments

    Source: GlobeNewswire (MIL-OSI)

    After launching Gems Protect last month to provide insurance-like service for investors, the expanded offering with the ‘Credit Refund’ feature enables members to have the option to recoup the full value of their original investments in launchpad private sales if they so choose.

    LIMASSOL, Cyprus, April 30, 2025 (GLOBE NEWSWIRE) — Gems Launchpad, a community-driven launchpad built around the Gems ecosystem’s exclusive investor network, extends its Gems Protect program with the introduction of an exclusive ‘Credit Refund’ feature. This option provides the launchpad’s Premium members with the flexibility to exchange tokens purchased in its token private sales and receive a credit refund. The credit refund allows these members to redirect their funds to other launchpad projects, enhancing investor satisfaction while ensuring funds remain within the Gems ecosystem.

    Gems Protect, the ecosystem’s financial safeguard program, unveils its second feature, Credit Refund, set to officially launch on April 30. This feature will allow members who invested in select Gems Launchpad Pro project private sales/presales to exchange those tokens for credit points worth the equivalent of the original presale purchase price. The feature is unveiled following the program’s successful initial risk-mitigation feature, Miner Safeguard, which allows investors to offset 75 percent of any potential financial Miner losses.

    Initially, the Credit Refund option will be available only to Gems Premium Members who hold 30,000 or more $GEMS tokens. This initial access is a way to express our gratitude and appreciation to our most dedicated supporters and community members. A few days later, the Credit Refund option will become available to all Premium members.

    Providing investors unprecedented risk-mitigation and financial protection, both Gems Protect features highlight and align with Gems’ commitment to empowering users across the digital asset landscape. Equipping investors with safeguards while supporting ecosystem stability, Gems, an all-in-one crypto ecosystem, continues to develop a future where users can trade, invest, learn and earn in a single comfortable, integrated financial hub.

    The Credit Refund credits from returned tokens, which will only expire after a year, can be used to invest in other projects on Gems Launchpad Pro, including select upcoming private sales.

    Members who use the Credit Refund option must log into the Gems Launchpad platform and connect the same wallet used for the original purchase. The platform will automatically detect the number of tokens purchased and the purchase value, with the maximum credit being calculated based on the amount of tokens purchased during the launchpad’s private sale. This means that if a member bought more tokens later, the credit will only apply to the token amount purchased in the private sale via the launchpad.

    “Insurance in crypto is almost unheard of, and a full credit option covering one’s investments is unthinkable, yet that’s what Gems is doing,” says Isaac Joshua, CEO of Gems Launchpad. “Gems Protect offers users peace of mind by delivering the ultimate investment safeguard. With the extended version of this program, we’re giving back to the community by providing members the freedom to invest responsibly, confidently, and securely, and offering an additional layer of protection through a service unheard-of in crypto to date.”

    About Gems:
    Gems is a burgeoning financial hub and all-in-one crypto ecosystem designed to empower users across the digital asset landscape. From trading and project launches, to education and rewards, Gems unifies a suite of platforms—including Gems Launchpad, Gems Trade, and more—into a seamless experience for traders, investors, leaders, and innovators. At the heart of the ecosystem is the $GEMS token, which fuels utility, governance, and growth across all its offerings. With strategic expansions, Gems is building a future where users can trade, invest, learn and earn in one integrated financial hub. For more information, visit: https://gems.vip/

    About Gems Launchpad:
    Gems Launchpad is a distinguished crypto launchpad with the mission of unearthing genuine “gems” in the Web3 landscape through rigorous due diligence. The platform aims to bring together a robust ecosystem for blockchain projects by focusing on launching innovative ventures, expanding communities, penetrating new markets, and leveraging its international network of investors, known as Leaders, to partake in the early stages of groundbreaking projects. Gems’ launchpad model is driven by active community participation, creating a synergistic environment that benefits both visionaries and the adoption of pioneering ideas.
    For more information, visit: https://gems.vip/launchpad

    1. Didn’t love your last crypto investment? Return it for credit – just like exchanging a shirt you didn’t like.

    2. Gems lets you return your token purchase and get credit – like store credit for your next investment.

    3. New from Gems: Return tokens you bought, get credit back – like returning clothes you didn’t wear.

    4. Invested in a project and changed your mind? Now you can get your money back as credit for something else on Gems.

    5. Introducing Credit Refund: Your crypto investment, now with a return policy.

    Disclaimer: This is a paid post and is provided by Gems Launchpad. 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/4c3e9fa5-9bff-4826-83bd-70fd1809ef21

    The MIL Network –

  • MIL-OSI USA: Southeast Texas man convicted of distributing child sexual abuse materials following multi-national investigation

    Source: US Immigration and Customs Enforcement

    CORPUS CHRISTI, Texas – Angel Valdez, a 19-year-old Corpus Christi resident, was convicted April 28 in the U.S. District Court for the Southern District of Texas of distributing child sexual abuse materials following a multi-national investigation conducted by U.S. Immigration and Customs Enforcement, the Corpus Christi Police Department, and law enforcement authorities in Australia.

    Valdez came to the attention of authorities in December 2023 after he posted a comment to social media supporting the work of an individual who had recently been sentenced to prison in Australia for animal cruelty.

    Australian authorities launched an investigation and began conversations with Valdez in an undercover capacity. During those communications, Valdez spoke about his interest in animal cruelty and his interest in child sexual abuse materials. On Feb. 14, 2024, Valdez sent a video of child sexual abuse materials depicting a prepubescent girl being forced to perform sex acts on an adult female.

    Authorities executed a search warrant at Valdez’ residence in Corpus Christi June 28, 2024, and discovered a laptop containing child sexual abuse materials. Following the discovery, Valdez admitted that he had participated in the online conversations and distributed the video containing a minor being sexually abused.

    “As a direct result of multi-national cooperation between Homeland Security Investigations special agents, officers from the Corpus Christi Police Department and our law enforcement partners in Australia, we have successfully removed a dangerous predator from the local community who preyed on two of our most innocent and vulnerable populations – children and animals,” said ICE HSI Houston Special Agent in Charge Chad Plantz. “Vile criminals like this individual will find no refuge, as law enforcement agencies across the globe stand united in their commitment to pursue justice relentlessly and remove dangerous threats from our society.”

    Valdez is scheduled to be sentenced Aug. 12. At that time, he faces up to 20 years in federal prison and a possible $250,000 maximum fine. He will remain in custody pending that hearing.

    Assistant U.S. Attorney Patrick Overman is prosecuting the case.

    For more news and information on ICE’s efforts to investigate child exploitation in Southeast Texas follow us on X @HSIHouston.

    MIL OSI USA News –

  • MIL-OSI USA: Governor Stein Champions Child Care and Early Education at Smart Start Conference

    Source: US State of North Carolina

    Headline: Governor Stein Champions Child Care and Early Education at Smart Start Conference

    Governor Stein Champions Child Care and Early Education at Smart Start Conference
    lsaito

    Raleigh, NC

    Today Governor Josh Stein joined the Smart Start Conference in Greensboro to highlight his priorities for child care and early education. Governor Stein also urged North Carolina’s federal delegation to oppose efforts to eliminate the Head Start program. 

    “Programs like Smart Start help North Carolina’s children live up to their full potential,” said Governor Josh Stein. “Federal proposals to eliminate the Head Start program are wrongheaded. Investing in our kids is investing in our future – and I’ll take that return every time.” 

    Today Governor Stein, Lieutenant Governor Hunt, and Superintendent Maurice “Mo” Green sent a letter to Congressional leaders, including North Carolina’s federal delegation, laying out the consequences of proposals to eliminate the Head Start program. There are more than 19,500 children in North Carolina who rely on Head Start and Early Head Start for high-quality child care, access to health screenings, and healthy food to prepare them for school and beyond. Head Start brings over $290 million in federal funds directly to local economies in North Carolina, supporting more than 5,600 jobs across local agencies, private nonprofit child care centers, and school systems. If federal Head Start funding were to be cut, as many as 500 child care programs that operate Head Start and Early Head Start may close. North Carolina is classified as a “child care desert” for infant and toddler care, where on average, five families with babies are competing for every available licensed child care slot.  

    In March Governor Stein launched the North Carolina Task Force on Child Care and Early Education. The task force seeks to identify solutions to expand access to affordable, high-quality child care and early education across North Carolina and to support and grow the early childhood education workforce. Governor Stein remains committed to ensuring that North Carolina’s children are able to learn and thrive in safe, nurturing, and supportive child care and early education settings. Investing in child care will also support parents and employers by reducing the number of people who would otherwise be pushed out of the workforce due to lack of child care. 

    Read Governor Stein, Lieutenant Governor Hunt, and Superintendent Green’s full letter to Congress here.  
     

    Apr 30, 2025

    MIL OSI USA News –

  • MIL-OSI Security: Pinehill Man Receives 27 and a Half Year Prison Sentence for Fatal Family Shooting

    Source: Office of United States Attorneys

    ALBUQUERQUE – A Pinehill man was sentenced today to 27and a half years in prison for a fatal family shooting.

    There is no parole in the federal system.

    According to court documents, on the morning of December 22, 2023, Ellery Brent Yazzie, 38, an enrolled member of the Navajo Nation, fatally shot his father and brother, shot and seriously injured his sister, and tried to shoot his mother in their family home. Yazzie then attempted to take his own life, but he survived.

    Upon his release from prison, Yazzie will be subject to five years of supervised release.

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

    The Gallup Resident Agency of the FBI Albuquerque Field Office investigated this case with assistance from the Ramah Navajo Police Department. Assistant U.S. Attorneys Caitlin L. Dillon and Jena Ritchey are prosecuting the case. 

    MIL Security OSI –

  • MIL-OSI: Calian to Hold Conference Call Following Announcement of Second Quarter FY 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, April 30, 2025 (GLOBE NEWSWIRE) — Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, will hold a conference call at 8:30 a.m. Eastern Time on Wednesday, May 14, 2025, to discuss results for the three-month period ended March 31, 2025. The results will be released before markets open.

    Interested participants from the financial and media community should join the live presentation by going to the Calian website and clicking on the Investors section to find the conference call link or directly via the following URL: https://edge.media-server.com/mmc/p/b8tamp8d/

    A replay of the audio webcast will be available at the same location a few hours after the conclusion of the call.

    About Calian

    www.calian.com

    We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

    Product or service names mentioned herein may be the trademarks of their respective owners.  

    Media inquiries:
    media@calian.com
    613-599-8600

    Investor Relations inquiries:
    ir@calian.com

    —————————————————————————–

    DISCLAIMER

    Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

    Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
    Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com

    The MIL Network –

  • MIL-OSI: Bank of the James Announces First Quarter of 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    LYNCHBURG, Va., April 30, 2025 (GLOBE NEWSWIRE) — Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James (the “Bank”), a full-service commercial and retail bank, and Pettyjohn, Wood & White, Inc. (“PWW”), an SEC-registered investment advisor, today announced unaudited results of operations for the three month period ended March 31, 2025. The Bank serves Region 2000 (the greater Lynchburg MSA) and the Blacksburg, Buchanan, Charlottesville, Harrisonburg, Lexington, Nellysford, Roanoke, and Wytheville, Virginia markets.

    Net income for the three months ended March 31, 2025 was $842,000 or $0.19 per basic and diluted share compared with $2.19 million or $0.48 per basic and diluted share for the three months ended March 31, 2024.

    Robert R. Chapman III, CEO of the Bank, commented: “Our focus during the past several years on managing interest expense in a significantly higher rate environment was reflected in the first quarter’s lower year-over-year interest expense. Appropriate adjustments to loan rates and optimizing the performance of the Bank’s investments continued to generate steady interest income growth. As a result, net interest margin and interest spread continued to trend positively. Strong, quality earnings over the years have supported our ability to build and maintain a strong cash position and exceptional liquidity.

    “The Company’s core operations for first quarter of 2025 produced solid earnings. However, our earnings were negatively impacted by a non-recurring expense paid to a consultant that we used to successfully negotiate a contract with our core service provider. We anticipate that this contract will result in significant long-term cost savings.

    “We anticipate that the holding company’s cash position will allow it to pay off approximately $10 million of capital notes as they mature in June, without the need to raise new capital. Eliminating this debt-related interest expense will reduce our interest expense by approximately $327,000 annually and will help reduce our overall interest-bearing liabilities rate. The Company and Bank will continue to maintain sound capital positions.

    “Operationally, the first quarter of 2025 was highlighted by steady growth of commercial real estate loans, with stable income contributions from a balanced portfolio of commercial, residential mortgage, construction, and consumer loans. Fee income contributions from commercial treasury services, credit and debit card processing, and PWW’s wealth management activities have continued to generate complementary noninterest income.

    “We continue to emphasize relationship banking with commercial and retail clients, providing the broad range of capabilities and expertise that position Bank of the James as the go-to source for financial services. We offer stability and security in a period of significant economic uncertainty.

    “The Company is building value for shareholders, as evidenced by growth in stockholders’ equity, retained earnings, and a higher book value per share in the first quarter. We remain focused on efficient operations, maintaining superior asset quality, and sustainable growth.”

    President Mike Syrek commented on expansion and growth opportunities, noting, “We are very excited to announce the addition of two accomplished commercial relationship managers, Brandon Caldwell and Kevin Flint. Both bring considerable experience in the commercial lending space and will further strengthen and grow our regional markets. Caldwell comes to Bank of the James from the USDA, having served there after an extended stint as the senior lending officer at Highlands Community Bank. Caldwell has experience at both small and large-sized institutions, and along with his experience with the USDA, we believe his experience will help us expand our reach in multiple markets. Flint comes to Bank of the James with a dual background in credit and investments. Flint spent most of his career with Truist and its predecessors, managing high-profile commercial clients within the markets we serve. Kevin also is a Certified Financial Planner and has spent the last few years working as a CFP. Flint’s dual roles will help further the growth in our Harrisonburg market as well as beyond.

    “These additions help strengthen an already high-performing commercial team and illustrate our focus on growth and obtaining additional market share in the regions that we serve. We are delighted to have both men as part of the Bank of the James family.”

    First Quarter of 2025 Highlights

    • Net income and earnings per share (EPS) in the first quarter of 2025 were impacted by higher noninterest expense, primarily reflecting a one-time approximately $1 million expense related to the negotiation of a contract with our banking core provider. Over the 65-month term of this contract, the Company anticipates realizing up to $5 million in savings as compared to our previous contract.
    • Total interest income rose 6.90% to $11.23 million in the first quarter of 2025 compared with $10.51 million a year earlier. The growth primarily reflected higher yields on loans, commercial real estate (CRE) growth, and the addition of higher-rate residential mortgages. The average yield earned on loans, including fees, increased to 5.56% compared with 5.28% a year earlier.
    • Net interest income after provision for credit losses increased to $7.58 million in the first quarter of 2025 compared with net interest income after recovery of credit losses of $7.50 million a year earlier for the full year of 2024. Interest expense in the first quarter declined from the previous year’s first quarter due to a decrease in the average rate paid on interest bearing liabilities.
    • Net interest margin in the first quarter of 2025 improved to 3.25%, reflecting a steady upward quarterly trend from 3.02% in the first quarter of 2024. Interest spread in the first quarter rose to 2.95% from 2.73% in the prior year’s first quarter.
    • Total noninterest income of $3.28 million in the first quarter of 2025 was stable compared with a year earlier, primarily reflecting continuing strong contributions from commercial treasury services, residential mortgage origination fee income, and wealth management fee income from PWW, which generated $0.09 earnings per share in the first quarter.
    • Loans, net of the allowance for credit losses, increased to $642.39 million at March 31, 2025 from $636.55 million at December 31, 2024 and $601.12 million a year earlier.
    • Commercial real estate loans (owner occupied and non-owner occupied) led lending activity, increasing to $359.76 million from $335.53 million at December 31, 2024 and from $305.52 million a year earlier.
    • Measures of asset quality remained strong, highlighted by a ratio of nonperforming loans to total loans of 0.28% at March 31, 2025, low levels of nonperforming loans, and zero other real estate owned (OREO).
    • Total assets grew 3% to $1.01 billion at March 31, 2025 from $979.24 million at December 31, 2024. Total assets increased by $26.84 million from March 31, 2024.
    • Total deposits were $911.68 million at March 31, 2025, up from $882.40 million at December 31, 2024, reflecting growth in core deposits (noninterest bearing demand deposits, NOW, money market and savings).
    • Shareholder value measures included growth in stockholders’ equity to $68.35 million at March 31, 2025 from $64.87 million at December 31, 2024, higher retained earnings, and a book value per share of $15.04, up from $14.28 at December 31, 2024.
    • On April 15, 2025, the Company’s board of directors approved a quarterly dividend of $0.10 per common share to stockholders of record as of June 6, 2025, to be paid on June 20, 2025.

    First Quarter of 2025 Operational Review

    The Company retained a consultant to assist it in negotiating an amendment to and extension of the contract with its provider of its core banking platform— the platform we use for processing transactions, maintaining customer accounts, and supporting other critical banking functions. As previously noted, first quarter 2025 net income and earnings per share reflected the expense associated with this engagement. The Company anticipates that the new contract with our core provider, which was effective April 1, 2025, will generate significant savings over the 65-month term of the contract.

    Net interest income after provision for credit losses for the first quarter of 2025 was $7.58 million compared to net interest income after recovery of credit losses of $7.50 million a year earlier. The provision for credit losses in the first quarter of 2025 was $137,000.

    Total interest income was $11.23 million in the first quarter of 2025 compared with $10.51 million a year earlier. The year-over-year increases primarily reflected upward rate adjustments to variable rate commercial loans and new loans reflecting the prevailing rate environment.

    Investment portfolio management and appropriate rate increases on loans continued to contribute to year-over-year growth in yields on total earning assets, which were 4.73% in the first quarter of 2025 compared with 4.60% a year earlier.

    Total interest expense in the first quarter of 2025 was $3.52 million compared with $3.56 million a year earlier, primarily reflecting a stabilizing interest rate environment and the Bank’s management of rates paid on interest-bearing deposits, including time deposits.

    A stabilizing interest rate environment and the Company’s upward adjustments to floating rate commercial loans and rates on originated and retained residential mortgages contributed to gradual margin pressure relief during the past several quarters. In the first quarter of 2025, the net interest margin was 3.25% compared with 3.02% a year earlier, while interest spread was 2.95% for the quarter compared with 2.73% a year earlier.

    Noninterest income in the first quarter of 2025 was $3.28 million compared with $3.31 million in the first quarter of 2024. The predominant amount of noninterest income in the first quarter of 2025 was generated by fees from debit card activity, commercial treasury services, gains on sale of loans held for sale, and wealth management fees generated by PWW. This slight decrease was due to a decrease in revenue from our mortgage division.

    Noninterest expense in the first quarter of 2025 was $9.83 million compared with $8.09 million a year earlier. The year-over-year increase primarily reflected the previously mentioned contract negotiation fee and higher salaries and employee benefits.

    Balance Sheet: Strong Cash Position, High Asset Quality

    Total assets were $1.01 billion at March 31, 2025 compared with $979.24 million at December 31, 2024. The increase was due primarily to increases in cash and cash equivalents, securities available for sale, and loans.

    Loans, net of allowance for credit losses, were $642.39 million at March 31, 2025 compared with $636.55 at December 31, 2024, reflecting growth of commercial real estate loans.

    Commercial real estate loans (owner-occupied and non-owner occupied, excluding construction loans) totaled $359.76 million at March 31, 2025 compared with $335.53 million at December 31, 2024, reflecting new loans and moderate loan payoffs. Of this amount in the first quarter of 2025, commercial real estate (non-owner occupied) was $205.13 million and commercial real estate (owner occupied) was $154.63 million. The Bank closely monitors concentrations in these segments and has no commercial real estate loans secured by large office buildings in large metropolitan city centers.

    Commercial construction/land loans were $11.54 million, declining from prior levels as projects concluded. Residential construction/land loans at March 31, 2025 were $26.36 million compared with $26.15 million at December 31, 2024. Commercial and industrial loans were $59.98 million at March 31, 2025 compared to $66.42 million at December 31, 2024.

    Residential mortgage loans that the Company intends to keep on the balance sheet totaled $111.65 million at March 31, 2025, essentially unchanged from December 31, 2024, and from a year earlier. Growth of these retained mortgages has been minimal, as the Bank has continued to focus on selling the majority of originated mortgage loans to the secondary market. Consumer loans (open-end and closed-end) totaled $80.12 million, compared with $78.31 million at December 31, 2024.

    Ongoing high asset quality continues to have a positive impact on the Company’s financial performance. The ratio of nonperforming loans to total loans at March 31, 2025 was 0.28% compared with 0.25% at December 31, 2024. The allowance for credit losses on loans to total loans was 1.08% at March 31, 2025 compared with 1.09% at December 31, 2024. Total nonperforming loans were $1.80 million at March 31, 2025 compared with $1.64 million at December 31, 2024. As a result of having no OREO, total nonperforming assets were the same as total nonperforming loans.

    Total deposits were $911.68 million at March 31, 2025 compared with $882.40 million at December 31, 2024. Core deposits (noninterest bearing demand deposits, NOW, money market and savings) were $698.92 million compared with $651.90 million at December 31, 2024. Time deposits declined during the period. At March 31, 2025, the Bank had no brokered deposits.

    Key measures of shareholder value were positive. Stockholders’ equity was $68.35 million at March 31, 2025, up from $64.87 million at December 31, 2024. Retained earnings increased to $43.19 million at March 31, 2025 from $42.80 million at December 31, 2024. Book value per share rose to $15.04 at March 31, 2025 from $14.28 at December 31, 2024, and continued to reflect quarterly fluctuations in required fair market valuations of the Company’s available-for-sale investment portfolio.

    Interest rate fluctuations result in adjustments to the fair value in the Company’s available-for-sale securities portfolio (known as “mark-to-market”), which are reflected in accumulated other comprehensive loss. These mark-to-market losses are excluded when calculating the Bank’s regulatory capital ratios. The available-for-sale securities portfolio is composed primarily of securities with explicit or implicit government guarantees, including U.S. Treasuries and U.S. agency obligations, and other highly rated debt instruments. The Company does not expect to realize the unrealized losses, as it has the intent and ability to hold the securities until their recovery, which may be at maturity. Management continues to diligently monitor the creditworthiness of the issuers of the debt instruments within its securities portfolio.

    About the Company

    Bank of the James, a wholly-owned subsidiary of Bank of the James Financial Group, Inc. opened for business in July 1999 and is headquartered in Lynchburg, Virginia. The Bank currently services customers in Virginia from offices located in Altavista, Amherst, Appomattox, Bedford, Blacksburg, Buchanan, Charlottesville, Forest, Harrisonburg, Lexington, Lynchburg, Madison Heights, Nellysford, Roanoke, Rustburg, and Wytheville. The Bank offers full investment and insurance services through its BOTJ Investment Services division and BOTJ Insurance, Inc. subsidiary. The Bank provides mortgage loan origination through Bank of the James Mortgage, a division of Bank of the James. The Company provides investment advisory services through its wholly-owned subsidiary, Pettyjohn, Wood & White, Inc., an SEC-registered investment advisor. Bank of the James Financial Group, Inc. common stock is listed under the symbol “BOTJ” on the NASDAQ Stock Market, LLC. Additional information on the Company is available at www.bankofthejames.bank.

    Cautionary Statement Regarding Forward-Looking Statements

    This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “plan” and similar expressions and variations thereof identify certain of such forward-looking statements which speak only as of the dates on which they were made. Bank of the James Financial Group, Inc. (the “Company”) undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Such factors include, but are not limited to, competition, general economic conditions, potential changes in interest rates, changes in the value of real estate securing loans made by the Bank, as well as geopolitical conditions. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company’s filings with the Securities and Exchange Commission.

    CONTACT: J. Todd Scruggs, Executive Vice President and Chief Financial Officer (434) 846-2000.

    FINANCIAL RESULTS FOLLOW

    Bank of the James Financial Group, Inc. and Subsidiaries
    Consolidated Balance Sheets
    (dollar amounts in thousands, except per share amounts)

      (unaudited)    
    Assets 3/31/2025   12/31/2024
           
    Cash and due from banks $ 25,760     $ 23,287  
    Federal funds sold   69,206       50,022  
    Total cash and cash equivalents   94,966       73,309  
           
    Securities held-to-maturity (fair value of $3,237 in 2025 and $3,170 in 2024)   3,602       3,606  
    Securities available-for-sale, at fair value   192,780       187,916  
    Restricted stock, at cost   1,821       1,821  
    Loans, net of allowance for credit losses of $7,022 in 2025 and $7,044 in 2024   642,388       636,552  
    Loans held for sale   4,739       3,616  
    Premises and equipment, net   19,257       18,959  
    Interest receivable   2,970       3,065  
    Cash value – bank owned life insurance   23,094       22,907  
    Customer relationship Intangible   6,585       6,725  
    Goodwill   2,054       2,054  
    Deferred tax asset   8,113       8,936  
    Other assets   9,357       9,778  
    Total assets $ 1,011,726     $ 979,244  
           
           
    Liabilities and Stockholders’ Equity      
           
    Deposits      
    Noninterest bearing demand $ 138,619     $ 129,692  
    NOW, money market and savings   560,300       522,208  
    Time deposits   212,764       230,504  
    Total deposits   911,683       882,404  
           
    Capital notes, net   10,049       10,048  
    Other borrowings   9,146       9,300  
    Deferred tax liability   294       –  
    Income taxes payable   –       86  
    Interest payable   688       722  
    Other liabilities   11,518       11,819  
    Total liabilities $ 943,378     $ 914,379  
    Stockholders’ equity      
    Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,543,338 as of March 31, 2025 and December 31, 2024   9,723       9,723  
    Additional paid-in-capital   35,253       35,253  
    Accumulated other comprehensive (loss)   (19,819 )     (22,915 )
    Retained earnings   43,191       42,804  
    Total stockholders’ equity $ 68,348     $ 64,865  
           
    Total liabilities and stockholders’ equity $ 1,011,726     $ 979,244  
                   

    Bank of the James Financial Group, Inc. and Subsidiaries
    Consolidated Statements of Operations
    (dollar amounts in thousands, except per share amounts) (unaudited)

      For the Three Months Ended
      March 31,
    Interest Income 2025
    		   2024
    Loans $ 8,906     $ 8,024  
    Securities      
    US Government and agency obligations   454       338  
    Mortgage backed securities   387       809  
    Municipals – taxable   311       286  
    Municipals – tax exempt   18       18  
    Dividends   13       12  
    Corporates   135       135  
    Interest bearing deposits   123       133  
    Federal Funds sold   887       754  
    Total interest income   11,234       10,509  
           
    Interest Expense      
    Deposits      
    NOW, money market savings   1,248       1,275  
    Time deposits   2,079       2,090  
    Finance leases   17       20  
    Other borrowings   89       92  
    Capital notes   82       82  
    Total interest expense   3,515       3,559  
           
    Net interest income   7,719       6,950  
           
    Provision for (recovery of) credit losses   137       (553 )
           
    Net interest income after provision for (recovery of) credit losses   7,582       7,503  
           
    Noninterest income      
    Gain on sales of loans held for sale   837       927  
    Service charges, fees and commissions   981       953  
    Wealth management fees   1,255       1,163  
    Life insurance income   188       159  
    Other   22       105  
           
    Total noninterest income   3,283       3,307  
    Noninterest expenses      
    Salaries and employee benefits   4,777       4,445  
    Occupancy   570       493  
    Equipment   670       607  
    Supplies   142       145  
    Professional and other outside expense   1,715       801  
    Data processing   820       751  
    Marketing   198       30  
    Credit expense   186       188  
    FDIC insurance expense   142       109  
    Amortization of intangibles   140       140  
    Other   466       379  
    Total noninterest expenses   9,826       8,088  
           
    Income before income taxes   1,039       2,722  
           
    Income tax expense   197       535  
           
    Net Income $ 842     $ 2,187  
           
    Weighted average shares outstanding – basic and diluted   4,543,338       4,543,338  
           
    Earnings per common share – basic and diluted $ 0.19     $ 0.48  
                   

    Bank of the James Financial Group, Inc. and Subsidiaries
    Dollar amounts in thousands, except per share data
    Unaudited

    Selected Data: Three
    months
    ending
    Mar 31,
    2025
    		 Three
    months
    ending
    Mar 31,
    2024
    		 Change
    		      
    Interest income $ 11,234   $ 10,509     6.90 %      
    Interest expense   3,515     3,559     -1.24 %      
    Net interest income   7,719     6,950     11.06 %      
    Provision for (recovery of) credit losses   137     (553 )   -124.77 %      
    Noninterest income   3,283     3,307     -0.73 %      
    Noninterest expense   9,826     8,088     21.49 %      
    Income taxes   197     535     -63.18 %      
    Net income   842     2,187     -61.50 %      
    Weighted average shares outstanding – basic   4,543,338     4,543,338     –        
    Weighted average shares outstanding – diluted   4,543,338     4,543,338     –        
    Basic net income per share $ 0.19   $ 0.48   $ (0.29 )      
    Fully diluted net income per share $ 0.19   $ 0.48   $ (0.29 )      
                 
    Balance Sheet at
    period end:    		 Mar 31,
    2025    		 Dec 31,
    2024    		 Change Mar 31,
    2024    		 Dec 31,
    2023    		 Change
    Loans, net $ 642,388   $ 636,552     0.92 % $ 601,115   $ 601,921     -0.13 %
    Loans held for sale   4,739     3,616     31.06 %   4,640     1,258     268.84 %
    Total securities   196,382     191,522     2.54 %   218,440     220,132     -0.77 %
    Total deposits   911,683     882,404     3.32 %   893,494     878,459     1.71 %
    Stockholders’ equity   68,348     64,865     5.37 %   60,437     60,039     0.66 %
    Total assets   1,011,726     979,244     3.32 %   984,891     969,371     1.60 %
    Shares outstanding   4,543,338     4,543,338     –     4,543,338     4,543,338     –  
    Book value per share $ 15.04   $ 14.28   $ 0.76   $ 13.30   $ 13.21   $ 0.09  
    Daily averages: Three
    months
    ending
    Mar 31,
    2025
    		 Three
    months
    ending
    Mar 31,
    2024
    		 Change
    		      
    Loans $ 646,788   $ 608,172   6.35 %      
    Loans held for sale   2,391     2,481   -3.63 %      
    Total securities (book value)   219,550     248,748   -11.74 %      
    Total deposits   922,207     884,555   4.26 %      
    Stockholders’ equity   64,778     59,891   8.16 %      
    Interest earning assets   963,688     926,354   4.03 %      
    Interest bearing liabilities   800,249     765,728   4.51 %      
    Total assets   1,021,766     978,867   4.38 %      
                 
    Financial Ratios: Three
    months
    ending
    Mar 31,
    2025
    		 Three
    months
    ending
    Mar 31,
    2024
    		 Change
    		      
    Return on average assets   0.33 %   0.90 % (0.57 )      
    Return on average equity   5.27 %   14.69 % (9.42 )      
    Net interest margin   3.25 %   3.02 % 0.23        
    Efficiency ratio   89.31 %   78.85 % 10.46        
    Average equity to average assets   6.34 %   6.12 % 0.22        
                 
    Allowance for credit losses: Three
    months
    ending
    Mar 31,
    2025
    		 Three
    months
    ending
    Mar 31,
    2024
    		 Change
    		      
    Beginning balance $ 7,044   $ 7,412   -4.96 %      
    Retained earnings adjustment related to impact of adoption of ASU 2016-13   –     –   N/A      
    Provision for (recovery of) credit losses*   29     (501 ) -105.79 %      
    Charge-offs   (63 )   (65 ) -3.08 %      
    Recoveries   12     74   -83.78 %      
    Ending balance   7,022     6,920   1.47 %      
                 
    * does not include provision for or recovery of unfunded loan commitment liability
                 
                 
    Nonperforming assets: Mar 31,
    2025    		 Dec 31,
    2024    		 Change Mar 31,
    2024    		 Dec 31,
    2023    		 Change
    Total nonperforming loans $ 1,799   $ 1,640   9.70 % $ 558   $ 391   42.71 %
    Other real estate owned   –     –   N/A   –     –   N/A
    Total nonperforming assets   1,799     1,640   9.70 %   558     391   42.71 %
                 
    Asset quality ratios: Mar 31,
    2025    		 Dec 31,
    2024    		 Change Mar 31,
    2024    		 Dec 31,
    2023    		 Change
    Nonperforming loans to total loans   0.28 %   0.25 % 0.02     0.09 %   0.06 % 0.03  
    Allowance for credit losses for loans to total loans   1.08 %   1.09 % (0.01 )   1.14 %   1.22 % (0.08 )
    Allowance for credit losses for loans to nonperforming loans   390.33 %   429.51 % (39.18 )   1240.14 %   1895.65 % (655.51 )

    The MIL Network –

  • MIL-OSI: From Sydney to the World – Valueex (VUEE) Exchange Announces Entry into the U.S. Market

    Source: GlobeNewswire (MIL-OSI)

    Fresno, CA, April 30, 2025 (GLOBE NEWSWIRE) — Recently, the renowned exchange Valueex (VUEE) announced its official entry into the U.S. market, garnering significant attention. Amid the accelerating transformation of global financial markets, technology is reshaping the investment landscape at an unprecedented pace. From artificial intelligence to blockchain, innovative technologies are unlocking limitless possibilities for investors, while security and trust have become key bridges to the future. It is against this backdrop that the Valueex Exchange (VUEE) has emerged. Since its establishment in 2023, VUEE has rapidly risen as a trusted fintech pioneer among global investors, leading the industry into a new era of intelligence and globalization with its secure, efficient, and innovative trading platform.

    Technology-Driven Financial Transformation

    Valueex Exchange was founded by a group of top experts deeply engaged in the fintech sector, with the mission of “driving financial innovation through technology” and a commitment to reshaping the operational model of traditional exchanges. Headquartered in Sydney, Australia, VUEE offers users a seamless trading experience through high-speed transaction matching, robust security measures, and intelligent risk management systems. The platform supports diverse asset trading, including cryptocurrencies and stablecoins, and will soon launch U.S. stock trading services to cater to both novice and experienced investors.

    By integrating artificial intelligence, big data analytics, and blockchain technology, VUEE has achieved exceptional performance in efficiency, transparency, and user satisfaction. Its AI-driven one-click investment tool intelligently optimizes portfolios based on user preferences, while the USDT and USDC stablecoin trading models eliminate foreign exchange risks in cross-border transactions, making global investment more accessible and cost-effective.

    Rigorous Compliance and Security at Its Core

    Security and trust are the foundational pillars of VUEE. The platform strictly adheres to international regulatory standards, holding authoritative qualifications as a Registered Investment Advisor (RIA) and a Money Services Business (MSB) in the U.S., and is regulated by the U.S. Securities and Exchange Commission (SEC), ensuring full compliance with anti-money laundering (AML) and Know Your Customer (KYC) requirements. These qualifications provide legal assurance for investors, protecting their assets from market risks and cyber threats.

    Strategic partnerships with multiple global regulatory bodies and financial institutions further bolster VUEE’s credibility. Its advanced cybersecurity protocols and comprehensive compliance measures create a transparent and trustworthy trading environment, allowing investors to participate in the global market with peace of mind.

    Outstanding Achievements and Global Reach

    Since its establishment, Valueex Exchange has achieved remarkable success. In just two years, the platform has surpassed 500,000 registered users across multiple countries and regions, with an average daily trading volume exceeding $1 billion. In 2025, VUEE officially entered the U.S. market and, leveraging its excellent reputation in Australia, quickly attracted over 30,000 U.S. users, demonstrating strong brand influence and market competitiveness.

    Looking ahead, VUEE plans to further expand into Europe, Asia, and South America, enriching its asset classes and launching more innovative features. Its upcoming U.S. stock trading service has received stringent certification from the SEC and MSB, providing global users with convenient access to the U.S. market and helping investors seize more wealth growth opportunities.

    Core Advantages of Valueex Exchange

    Valueex Exchange is regarded as a leading global one-stop trading platform, characterized by the following key features:

    • • Advanced Technology Architecture: The platform utilizes AI-driven tools, blockchain technology, and high-frequency trading systems to support efficient and precise transaction processing.
    • • Global Trading Support: By facilitating trading with stablecoins (such as USDT and USDC) and multi-currency compatibility, the platform streamlines cross-border transaction processes, enhancing the experience for global users.
    • • Wide Applicability: The platform offers an intuitive interface and personalized investment strategies to meet the diverse needs of both novice and professional investors.
    • • Strict Compliance Standards: Holding U.S. RIA and MSB qualifications and being regulated by the SEC ensures the safety and legality of the trading environment.

    Strong Market Performance: The rapidly growing global user base (over 500,000) and high average daily trading volume (over $1 billion) reflect widespread market recognition of the platform.

    Co-Creating the Future of Finance

    Valueex Exchange is not just a trading platform; it is a leader in the future of finance. Through continuous investments in technological innovation and global compliance, VUEE is dedicated to building an open, intelligent, and inclusive financial ecosystem. Whether diversifying your portfolio, participating in U.S. stock trading, or utilizing AI-driven investment tools, VUEE empowers you to confidently seize global opportunities.

    A VUEE spokesperson stated, “We are committed to providing investors with a safe, efficient, and forward-looking trading experience. The rapid growth of the U.S. market is an important milestone in our global expansion, and we look forward to delivering exceptional financial services to more users.”

    Join Valueex Exchange today to embark on your global investment journey! Visit valueexchanges.com for more details and take a step toward wealth growth with a trusted platform.

    https://web.valueexchanges.com

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

    The MIL Network –

  • MIL-OSI USA: Cantwell Statement on Commerce Department Report Showing Shrinking Economy Under Trump

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    04.30.25

    Cantwell Statement on Commerce Department Report Showing Shrinking Economy Under Trump

    WASHINGTON, D.C. – Today, the U.S. Department of Commerce issued a report on the state of the economy over the first three months of 2025. The report showed that the country’s gross domestic product shrank by 0.3% during the first months of President Donald Trump’s second term.

    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, released the following statement:

    “Today’s GDP numbers are another warning sign our economy is moving in the wrong direction. The economy shrunk in the first quarter when it should be growing.  The Trump tariffs are a drag on the economy and American families will continue to feel the pain.”

    The Commerce Department report follows months of tariff whiplash from the Trump administration, during which the president erratically and unilaterally announced, imposed, raised, dropped, and reimposed a series of blanket and industry-specific tariffs on imports coming to the United States. In January 2025, it was widely expected that GDP growth would be at least 2% in the first quarter of 2025 – but that changed after President Trump announced his tariffs.  Shortly after the Commerce Department report was released, he posted on Truth Social that the declining economy “has NOTHING TO DO WITH TARIFFS” and is instead a holdover from former President Joe Biden’s economy. Under the last quarter of President Biden’s administration, the GDP grew 2.4%.

    MIL OSI USA News –

  • MIL-OSI: Societe Generale: Availability of the first amendment to 2025 Universal Registration Document

    Source: GlobeNewswire (MIL-OSI)

    AVAILABILITY OF THE FIRST AMENDMENT TO 2025 UNIVERSAL REGISTRATION DOCUMENT

    Regulated Information

    Paris, 30 April 2025

    Societe Generale hereby informs the public that the first amendment to the 2025 Universal Registration Document filed on 12th March 2025 under number D.25-0088, has been filed with the French Financial Markets Authority (AMF) on 30th April 2025 under number D-25-0088-A01.
    This document is made available to the public, free of charge, in accordance with the conditions provided for by the regulations in force and may be consulted in the “Regulated information” section of
    the Company’s website (https://investors.societegenerale.com/en/financial-and-non-financial-information/regulated-information) and on the AMF’s website.

    Press contacts:
    Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
    Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

    Societe Generale

    Societe Generale is a top tier European Bank with around 119,000 employees serving more than 26 million clients in 62 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

    The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

    • French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
    • Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
    • Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

    Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

    In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

    For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

    Attachment

    The MIL Network –

  • MIL-OSI USA: Justice Department Declines Prosecution of Company That Self-Disclosed Export Control Offenses Committed by Employee

    Source: US State of North Dakota

    Company’s Prompt Self-Disclosure and Extraordinary Cooperation Led to Employee’s Successful Prosecution for Unlawfully Exporting Software to a Restricted Chinese University

    Note: View the declination letter here.

    The Justice Department today announced that it has declined the prosecution of Universities Space Research Association (USRA) after it self-disclosed to the Department’s National Security Division (NSD) criminal violations of U.S. export control laws committed by its former employee, Jonathan Soong. Soong pleaded guilty to willfully violating the Export Administration Regulations (EAR) by exporting U.S. Army-developed aviation software to a university in the People’s Republic of China (PRC) that had been placed on the Commerce Department’s Entity List and was sentenced to 20 months in prison.

    “If we stay vigilant, all of us — including our citizens, small businesses, and large corporations — can play a critical role in protecting our country,” said Sue J. Bai, head of the Justice Department’s National Security Division. “A criminal who compromised our national security was brought to justice because his employer caught him and immediately turned him in. We decline to prosecute his employer and are ready to work together with such responsible corporate actors who are committed to joining us in this fight to protect our country from foreign adversaries.”

    “USRA discovered that one of its employees was funneling sensitive aeronautics software to a Beijing university in violation of export control laws and at risk to our national security,” said Acting U.S. Attorney Patrick D. Robbins for the Northern District of California. “What the company did next made all the difference in the Government’s decision not to prosecute it: the company took swift and proactive measures to disclose the employee’s wrongdoing, provide all known facts, and cooperate – and continue to cooperate – with the government’s investigation.”

    According to court documents, in April 2016, USRA contracted with the National Aeronautics and Space Administration (NASA) to, among other things, license and distribute for a fee aeronautics-related and U.S. Army-owned flight control software. Soong was employed by USRA as a program administrator under the contract and was responsible for performing due diligence on prospective purchasers to ensure that the sale or transfer of software licenses complied with applicable law, including by checking the Entity List. Soong willfully exported software subject to the EAR to Beijing University of Aeronautics and Astronautics, also known as Beihang University (Beihang), a university in the PRC, knowing that an export control license was required for the export to Beihang because it was on the Entity List. Beihang was on the Commerce Department’s Entity List due to its involvement in the development of military rocket systems and unmanned air vehicle systems. Soong further used an intermediary to complete the transfer and export of the software to Beihang to avoid detection, and embezzled tens of thousands of dollars in software license sales by directing purchasers to make payment to an account he personally owned and controlled.

    This scheme continued until NASA inquired about the sales of software licenses to PRC-based purchasers and USRA began to investigate. Soong initially lied to USRA and fabricated evidence that he had conducted due diligence on the purchasers and provided it to USRA’s counsel to provide to NASA, but after USRA’s counsel investigated further and confronted Soong with evidence that contradicted his statements, he admitted to knowing that Beihang was on the Entity List when he exported the software to Beihang and that a license had been required for the export.

    Within days of learning that Soong had willfully violated U.S. export control laws, and before USRA had completed its own investigation to understand the scope of the misconduct, USRA self-disclosed the crime to NSD and fully cooperated with the ensuing criminal investigation, which eventually established that Soong had acted alone at USRA. USRA’s cooperation included proactively identifying, collecting, and disclosing relevant evidence to investigators, including foreign language evidence and evidence located overseas, and providing detailed and timely responses to the government’s requests for information and evidence. USRA remediated the root cause of the misconduct by disciplining a supervisory employee who failed appropriately to supervise Soong, and by significantly improving its internal controls and compliance program. USRA also compensated the government both for the funds Soong embezzled, and for the time Soong had spent embezzling funds instead of performing his duties under USRA’s contract with NASA.

    The Justice Department declined USRA’s prosecution after considering the factors set forth in the Department’s Principles of Federal Prosecution of Business Organizations and the National Security Division Enforcement Policy for Business Organizations (NSD Enforcement Policy). The NSD Enforcement Policy creates a presumption that companies that (1) voluntarily self-disclose to NSD potentially criminal violations arising out of or relating to the enforcement of export control or sanctions laws, (2) fully cooperate, and (3) timely and appropriately remediate will generally receive a non-prosecution agreement, unless aggravating factors are present.  In appropriate cases, the NSD Enforcement Policy authorizes prosecutors to go further, and exercise discretion to decline a company’s prosecution. This is the second time that NSD has exercised its discretion to decline the prosecution of a company under the NSD Enforcement Policy.

    The case was investigated by the Department of Commerce’s Bureau of Industry and Security; the Department of Defense’s Defense Criminal Investigative Service; and the FBI. The NASA Office of Inspector General; U.S. Army Criminal Investigation Division; U.S. Army Counterintelligence; and the Department of Homeland Security, Homeland Security Investigations provided valuable assistance.

    Trial Attorney Rachel Craft of the National Security Division’s Counterintelligence and Export Control Section and Assistant U.S. Attorney Barbara Valliere for the Northern District of California prosecuted the case.

    MIL OSI USA News –

  • MIL-OSI Security: Justice Department Declines Prosecution of Company That Self-Disclosed Export Control Offenses Committed by Employee

    Source: United States Attorneys General

    Company’s Prompt Self-Disclosure and Extraordinary Cooperation Led to Employee’s Successful Prosecution for Unlawfully Exporting Software to a Restricted Chinese University

    Note: View the declination letter here.

    The Justice Department today announced that it has declined the prosecution of Universities Space Research Association (USRA) after it self-disclosed to the Department’s National Security Division (NSD) criminal violations of U.S. export control laws committed by its former employee, Jonathan Soong. Soong pleaded guilty to willfully violating the Export Administration Regulations (EAR) by exporting U.S. Army-developed aviation software to a university in the People’s Republic of China (PRC) that had been placed on the Commerce Department’s Entity List and was sentenced to 20 months in prison.

    “If we stay vigilant, all of us — including our citizens, small businesses, and large corporations — can play a critical role in protecting our country,” said Sue J. Bai, head of the Justice Department’s National Security Division. “A criminal who compromised our national security was brought to justice because his employer caught him and immediately turned him in. We decline to prosecute his employer and are ready to work together with such responsible corporate actors who are committed to joining us in this fight to protect our country from foreign adversaries.”

    “USRA discovered that one of its employees was funneling sensitive aeronautics software to a Beijing university in violation of export control laws and at risk to our national security,” said Acting U.S. Attorney Patrick D. Robbins for the Northern District of California. “What the company did next made all the difference in the Government’s decision not to prosecute it: the company took swift and proactive measures to disclose the employee’s wrongdoing, provide all known facts, and cooperate – and continue to cooperate – with the government’s investigation.”

    According to court documents, in April 2016, USRA contracted with the National Aeronautics and Space Administration (NASA) to, among other things, license and distribute for a fee aeronautics-related and U.S. Army-owned flight control software. Soong was employed by USRA as a program administrator under the contract and was responsible for performing due diligence on prospective purchasers to ensure that the sale or transfer of software licenses complied with applicable law, including by checking the Entity List. Soong willfully exported software subject to the EAR to Beijing University of Aeronautics and Astronautics, also known as Beihang University (Beihang), a university in the PRC, knowing that an export control license was required for the export to Beihang because it was on the Entity List. Beihang was on the Commerce Department’s Entity List due to its involvement in the development of military rocket systems and unmanned air vehicle systems. Soong further used an intermediary to complete the transfer and export of the software to Beihang to avoid detection, and embezzled tens of thousands of dollars in software license sales by directing purchasers to make payment to an account he personally owned and controlled.

    This scheme continued until NASA inquired about the sales of software licenses to PRC-based purchasers and USRA began to investigate. Soong initially lied to USRA and fabricated evidence that he had conducted due diligence on the purchasers and provided it to USRA’s counsel to provide to NASA, but after USRA’s counsel investigated further and confronted Soong with evidence that contradicted his statements, he admitted to knowing that Beihang was on the Entity List when he exported the software to Beihang and that a license had been required for the export.

    Within days of learning that Soong had willfully violated U.S. export control laws, and before USRA had completed its own investigation to understand the scope of the misconduct, USRA self-disclosed the crime to NSD and fully cooperated with the ensuing criminal investigation, which eventually established that Soong had acted alone at USRA. USRA’s cooperation included proactively identifying, collecting, and disclosing relevant evidence to investigators, including foreign language evidence and evidence located overseas, and providing detailed and timely responses to the government’s requests for information and evidence. USRA remediated the root cause of the misconduct by disciplining a supervisory employee who failed appropriately to supervise Soong, and by significantly improving its internal controls and compliance program. USRA also compensated the government both for the funds Soong embezzled, and for the time Soong had spent embezzling funds instead of performing his duties under USRA’s contract with NASA.

    The Justice Department declined USRA’s prosecution after considering the factors set forth in the Department’s Principles of Federal Prosecution of Business Organizations and the National Security Division Enforcement Policy for Business Organizations (NSD Enforcement Policy). The NSD Enforcement Policy creates a presumption that companies that (1) voluntarily self-disclose to NSD potentially criminal violations arising out of or relating to the enforcement of export control or sanctions laws, (2) fully cooperate, and (3) timely and appropriately remediate will generally receive a non-prosecution agreement, unless aggravating factors are present.  In appropriate cases, the NSD Enforcement Policy authorizes prosecutors to go further, and exercise discretion to decline a company’s prosecution. This is the second time that NSD has exercised its discretion to decline the prosecution of a company under the NSD Enforcement Policy.

    The case was investigated by the Department of Commerce’s Bureau of Industry and Security; the Department of Defense’s Defense Criminal Investigative Service; and the FBI. The NASA Office of Inspector General; U.S. Army Criminal Investigation Division; U.S. Army Counterintelligence; and the Department of Homeland Security, Homeland Security Investigations provided valuable assistance.

    Trial Attorney Rachel Craft of the National Security Division’s Counterintelligence and Export Control Section and Assistant U.S. Attorney Barbara Valliere for the Northern District of California prosecuted the case.

    MIL Security OSI –

  • MIL-OSI Security: Owner of Chicago-Area Convenience Stores Convicted of Defrauding Low-Income Food Program for Women and Children

    Source: Office of United States Attorneys

    CHICAGO — A federal jury has convicted the owner of several Chicago-area convenience stores of scheming to defraud a low-income food program for women and children.

    HASSAN ABDELLATIF, also known as “Eric,” 36, of Chicago, was convicted of all five counts against him, including two counts of wire fraud, one count of fraudulently obtaining government benefits, and two counts of willfully failing to file corporate tax returns. The jury returned its verdicts on Monday after a week-long trial in federal court in Chicago.  U.S. District Judge Jorge L. Alonso set sentencing for Aug. 26, 2025.

    Evidence at trial revealed that Abdellatif, who owned or operated El Milagro Mini Market, Supermercado El Grande, Star Mini Market, In & Out Grocery, and Harding Grocery, schemed with eight other store owners or workers to fraudulently redeem checks from the Women, Infants, and Children (“WIC”) program, a federally funded initiative designed to provide a nutritious diet to moderate and low-income infants, children up to five years of age, and pregnant, breastfeeding, and post-partum women. Over a period of several years, Abdellatif and the others knowingly allowed customers to provide their WIC checks as payment for ineligible items at the stores, often at inflated prices. Abdellatif and a co-defendant redeemed more than $6.5 million in WIC checks at two of the stores alone, before law enforcement searched those premises and shut down the fraud scheme.

    The evidence established that ten stores involved in the scheme redeemed more than $19 million in WIC checks over an eight-year period.  All eight of Abdellatif’s co-defendants pleaded guilty prior to his trial.

    The convictions were announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI, Shantel R. Robinson, Special Agent-in-Charge of the Midwest Regional Office of the U.S. Department of Agriculture, Office of Inspector General, and Ramsey E. Covington, Acting Special Agent-in-Charge of IRS Criminal Investigation in Chicago.  The government is represented by Assistant U.S. Attorneys Kartik Raman, Rick Young, and Matthew Moyer.

    MIL Security OSI –