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Category: Finance

  • MIL-OSI Security: Kidnapping Carjacker Sentenced to 180 Months in Federal Prison

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

    WASHINGTON – David Zanders, 23, of the District of Columbia, was sentenced today to 180 months in federal prison in connection with a May 1, 2022, kidnapping and a subsequent carjacking the same day.

                The sentencing was announced U.S. Attorney Edward R. Martin Jr., FBI Special Agent in Charge Sean Ryan of the Washington Field Office Criminal and Cyber Division, and Chief Pamela Smith of the Metropolitan Police Department.

                Zanders pleaded guilty on November 1, 2024, to one count of kidnapping and one count of carjacking in the U.S. District Court. In addition to the 180-month prison term, the Honorable Royce C. Lamberth ordered Zanders to serve five years of supervised release.

                According to court documents, in the early morning hours of May 1, 2022, Zanders and a friend kidnapped two males outside of a nightclub located on the 600 block of Florida Avenue, NW, Washington, D.C.  Zanders and the friend pretended to be working for Uber and the two male victims got into Zander’s vehicle. Shortly thereafter, Zanders pulled over on a neighborhood street in the District, pointed a firearm at the two victims, and robbed them of their phones and money. Zanders then drove them to various ATMs in an attempt to withdraw money using ttheir credit cards.

                One of the victims escaped at a gas station in Washington D.C. as Zanders and the other suspect went looking for a cash machine. After the first victim escaped, Zander drove the remaining victim to a supermarket in Maryland. Zanders and the friend withdrew money from an ATM at the supermarket using the remaining victim’s ATM card. They then drove to another location in Maryland and released the victim.

                That same evening, Zanders gathered with several associates on the 900 block of Longfellow Street, NW. Zanders had arranged a meeting to sell a vehicle to another party, but in fact planned to steal the would-be buyer’s own car. When two new victims arrived in a green Dodge Charger, Zanders pulled out a gun, threatened to shoot, and demanded phones, money and keys. One of Zanders’ associates drove away with the 2019 green Dodge Charger. Zanders and the remaining associates then fled in their own vehicles.   

                Zanders was arrested on November 18, 2022, and has been detained since.

                This case was investigated by the MPD’s Carjacking Task Force and the FBI’s Washington Field Office’s Violent Crimes Task Force. Valuable assistance was provided by the Prince George’s County Police Department.

                The case is being prosecuted by Assistant U.S. Attorneys Shehzad Akhtar and Cameron Tepfer and by former Special Assistant U.S. Attorney Lauren Renaud. The case initially was investigated and indicted by Assistant U.S. Attorney Thomas Strong.

    22cr0287

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI Security: Serial Armed Robber Who Targeted Delivery Workers in D.C., Maryland, is Sentenced to 16 Years in Federal Prison

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

    WASHINGTON – Rubin Raphael Bordeaux, 36, of the District, was sentenced today in U.S. District Court to 192 months in prison for his role a string of armed carjackings that targeted delivery workers in November 2023. At the height of the criminal spree, Bordeaux’s escalating violence culminated in a shooting, an eight-mile chase in an Amazon van, a vehicle collision, and a foot chase.

               The sentence was announced by U.S. Attorney Edward R. Martin Jr., and FBI Special Agent in Charge Sean T. Ryan of the Washington Field Office Criminal and Cyber Division.

               Bordeaux pleaded guilty on September 12, 2024, to carjacking and to possessing a firearm during a crime of violence. In addition to the 192-month prison term, U.S. District Court Judge Jia M. Cobb ordered Bordeaux to serve three years of supervised release.

               According to court documents, Bordeaux and his co-defendants specifically targeted delivery drivers in a spree of armed carjackings and robberies over four days across the District of Columbia and Maryland. 

               On November 9, 2023, around 1:30 p.m., a UPS driver was in the back of her work truck in Upper Marlboro, Maryland sorting packages. As she was working, Bordeaux and a co-conspirator were lying in wait, planning to rob her at gunpoint. As the UPS driver continued her job, the co-conspirator saw his opportunity and, with a silver firearm in hand, jumped into the back of the UPS truck. The co-conspirator told the UPS driver to “calm down. I just need your wallet and keys.” He took the UPS driver’s keys and ordered her to show him how to operate the UPS truck. In fear for her life, the UPS driver complied. The co-conspirator then threw the UPS driver’s phone in her direction and took off driving the truck. Bordeaux was not far behind. He followed the UPS truck in a tan pickup truck. Eventually Bordeaux and his co-conspirator stopped to offload packages from the UPS truck and abandoned the vehicle in Upper Marlboro, Maryland. 

                Just one hour later, Bordeaux and a co-conspirator struck again in Oxon Hill, Maryland. This time, they targeted a FedEx driver who was finishing a break. Bordeaux and the co-conspirator used their pickup truck to box-in the FedEx driver. Bordeaux jumped out of the pickup, quickly approached the FedEx driver, displayed a revolver, and demanded the keys. The FedEx driver gave up the company truck, and Bordeaux, followed by his co-conspirator in the tan pickup truck, drove off. Law enforcement recovered the FedEx truck in Washington, D.C., after it had been stripped of multiple packages. 

               Four days later, on November 13, 2023, Bordeaux and a co-conspirator targeted another work vehicle. On that day, around 5:24 a.m., an Amtrak driver was seated in the rear passenger seat of a conspicuously marked Amtrak truck. The Amtrak driver and his two coworkers, who were also in the vehicle, were planning to start their workday with breakfast from a restaurant. While waiting inside the running vehicle, the Amtrak driver noticed that a man with a mask had walked up to the truck. Believing this person was a coworker, the Amtrak driver got out of the truck. The masked individual was not his coworker. 

               Bordeaux ordered the Amtrak driver to “give me the truck.” When the Amtrak driver was slow to react, Bordeaux brandished a black gun and demanded again, “give me the truck.” The Amtrak driver surrendered the vehicle. Bordeaux got into the driver seat and drove away. As he did so, he was followed by a gray sedan. 

               Bordeaux later abandoned the truck in Washington, D.C. after causing $27,883 in damage to the vehicle during the short time he had it in his possession. 

               The next day, on November 14, 2023, Bordeaux and his co-conspirators targeted a shopper and her young child in a department store parking lot in Forestville, Maryland. An individual approached the woman at her car, demanded the keys to her vehicle and then forcefully removed the keys from her hands. The individual fled with the car toward Washington, D.C. 

               Later that day, Bordeaux and three other individuals left the shopper’s vehicle parked in an area of Southeast D.C. As the four walked away, they came upon an Amazon delivery driver, who became Bordeaux’s next target. The Amazon driver was walking to his work van when Bordeaux approached him in the road. A second person from Bordeaux’s group simultaneously walked towards the Amazon driver, who began to run. Bordeaux fired a shot in the Amazon driver’s direction while the other individual also fired at the Amazon driver. Bordeaux’s bullet barely missed the driver, who then stopped and surrendered. Bordeaux went through the Amazon driver’s pockets, demanded “give me them f—- keys” and threatened the driver with “do you want to die?” Bordeaux located the keys and fled in the van while his accomplice ran off in the opposite direction. 

               Behind the wheel of the Amazon van, Bordeaux led the police on an eight-mile-long chase crossing from the District of Columbia into Maryland. While trying to make his getaway, Bordeaux struck numerous vehicles, among them a police car. Once he realized he could not shake the police, Bordeaux stopped the vehicle on a sidewalk in Capitol Heights, Maryland. He attempted to run from law enforcement on foot but was quickly stopped. The keys to the shopper’s carjacked Honda were recovered from Bordeaux’s pocket.

             This case was investigated by the FBI Washington Field Office Violent Crimes Task Force, the Prince George’s County Police Department, and the MPD. The matter is being prosecuted by Assistant U.S. Attorney Meredith Mayer-Dempsey, Special Assistant U.S. Attorney Emily Reeder-Ricchetti, and former Assistant U.S. Attorneys Omeed Ali Assefi and Jacqueline Yarbro.

    24cr76

    ##

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI: Advantage Solutions Announces Date for its First Quarter 2025 Financial Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    ST. LOUIS, April 25, 2025 (GLOBE NEWSWIRE) — Advantage Solutions Inc. (NASDAQ: ADV) announced today that it will release financial results for the first quarter at 7 a.m. EDT on May 12, 2025, followed by a conference call at 8:30 a.m. EDT on the same day.

    The conference call can be accessed live over the phone by dialing 1-800-267-6316, or for international callers, 1-203-518-9783. The conference ID is ADVQ1. Approximately three hours after the call, a replay will be available by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode is 11158789. The replay recording will be available until May 19, 2025.

    Interested investors and other parties may also listen to a simultaneous conference call webcast by logging onto the Investor Relations section of the Advantage Solutions website at ir.youradv.com/. The online replay will be available for a limited time shortly following the call.

    About Advantage Solutions

    Advantage Solutions is the leading omnichannel retail solutions agency in North America, uniquely positioned at the intersection of consumer-packaged goods (CPG) brands and retailers. With its data- and technology-powered services, Advantage leverages its unparalleled insights, expertise and scale to help brands and retailers of all sizes generate demand and get products into the hands of consumers, wherever they shop. Whether it’s creating meaningful moments and experiences in-store and online, optimizing assortment and merchandising, or accelerating e-commerce and digital capabilities, Advantage is the trusted partner that keeps commerce and life moving. Advantage has offices throughout North America and strategic investments and owned operations in select international markets. For more information, please visit youradv.com.

    Investor Contacts:
    Ruben Mella
    investorrelations@youradv.com    

    Media Contacts:
    Peter Frost
    press@youradv.com    

    The MIL Network –

    April 26, 2025
  • MIL-OSI: Credit Agricole Nord de France – Resultats Financiers au 31 Mars 2025

    Source: GlobeNewswire (MIL-OSI)

             Lille, le 25 avril 2025

    Résultats financiers au 31 Mars 2025
     du Crédit Agricole Mutuel Nord de France

      Mars 2025 Mars 2024 Variation

                                             

    Activité :      
    Encours de collecte globale 38 929 M€  37 777 M€ 3,05%
    Encours de crédit* 28 728 M€  28 703 M€ 0,09%
           
    Résultats sociaux* :      
    Produit Net Bancaire 136,7 M€  141,4 M€ -3,36%
    Résultat Brut d’Exploitation  32,5 M€ 42,9 M€ -24,15%
    Résultat Net  20,6 M€  22,9 M€ -9,88%
           
    Résultats consolidés IFRS :      
    Produit Net Bancaire 153,1 M€  149,4 M€ 2,46%
    Résultat Brut d’Exploitation  36,0 M€  38,0 M€ -5,27%
    Résultat Net Part du Groupe 17,2 M€  13,9 M€ 23,70%
                     
    Structure financière :      
    Bilan consolidé 38 558 M€  38 235 M€** 0,84%
    Ratio CET1 Bâle 3 28,80%*** 28,62% 0,18 pts
    Ratio de liquidité LCR 1 mois**** 123,14% 136,62%  -13,48 pts
    Ratio Crédit Collecte (yc Greenlease) 124,07% 125,60% -1,53 pts

    Le Conseil d’Administration a arrêté, lors de sa séance du 25 Avril 2025, les Comptes sociaux et consolidés du Crédit Agricole Nord de France au 31 Mars 2025.

    • Activité commerciale

    Depuis le 1er janvier, près de 17 800 clients ont rejoint la Caisse Régionale, portant le total de clients à plus d’1,15 million.

    Les réalisations de crédit progressent de 9,5 % par rapport à 2024, pour s’établir à 0,9 Mrd€ sur le 1er trimestre 2025. Les encours de crédit s’établissent ainsi à 28,7 Mrds€, en légère progression de 0,1% avec des réalisations de crédits habitat qui progressent de façon marquée de 50,2 % par rapport à 2024.

    L’encours d’épargne progresse de 3,1 % sur 12 mois, pour s’établir à 38,9 Mrds€. Cette épargne continue à être portée par la hausse des livrets A (+9,1%) et des dépôts à terme (+9,3%) qui s’élèvent désormais respectivement à 3,9 Mrds€ et à 4,3 Mrds€. Le coût global de la collecte se stabilise alors que le rendement des encours de crédit progresse, permettant un redressement de la marge d’intermédiation après deux années de dégradation liée à la forte hausse des taux de 2022 et 2023.

    L’activité Assurances se maintient à un niveau élevé, avec un nombre de contrats d’assurance de biens et de personnes qui progresse de 38 000 contrats, soit une hausse de 5,8% sur un an.

    • Résultat social

    Le Produit Net Bancaire de la Caisse Régionale, à 136,7 M€, est en baisse de -3,4%. Ce résultat est impacté par des opérations de restructuration de dettes et de gestion d’excédents de liquidité ayant pour objectif d’optimiser la structure financière de la Caisse régionale pour les prochaines années. Hormis ces effets exceptionnels, la marge d’intermédiation continue de se redresser et la dynamique de l’activité commerciale permet une progression de 8 % de nos commissions.

    Les charges générales d’exploitation affichent une hausse de 5,7%. Cette évolution est directement liée à la progression de nos activités et au développement des outils digitaux. La poursuite de l’optimisation de nos process doit permettre une compensation progressive de ces hausses durant l’année 2025.

    La Caisse Régionale affiche un coût du risque en baisse de 10,1 M€, à -8,1 M€. Après une année 2024 qui a vu une hausse sensible du risque sur le marché des entreprises et des professionnels, la banque reste vigilante sur le niveau de provisionnement de ses encours.

    Le résultat net social intègre une reprise du FRBG (Fonds pour Risques Bancaires Généraux) de 4 M€ comme en 2024.

    Il s’établit à 20,6 M€, stable sur un an hormis la comptabilisation d’une anticipation de la surtaxe d’impôt sur les sociétés à hauteur de 2,5 M€ à fin mars.

    • Résultat consolidé

    Le résultat net consolidé du Groupe Crédit Agricole Nord de France s’élève à 17,2 M€, en hausse de 23,7% sur un an, en lien principalement avec l’évolution du coût du risque de la Caisse Régionale et la neutralisation du FRBG.

    La contribution des Pôles métiers au résultat net consolidé s’établit comme suit : 

    • Pôle Bancassurance : 17,3 M€ contre 12,7 M€ au 31 Mars 2024,
    • Pôle Capital Investissement : – 0,8 M€ contre 1,0 M€ au 31 Mars 2024,
    • Pôle Foncière : 1,1 M€ contre 1,2 M€ au 31 Mars 2024,
    • Pôle Immobilier : – 0,4 M€ contre – 0,6 M€ au 31 Mars 2024,
    • Pôle Innovation : 0 M€ contre – 0,4 M€ au 31 Mars 2024.
    • CCI Nord de France

    Le Certificat coopératif d’investissement a clôturé à 17,25 € au 31 mars 2025, en hausse de 42,5% depuis le 31 mars 2024.

    Perspectives

    Le début d’année 2025 est marqué par une montée des incertitudes économiques et géopolitiques impactant l’évolution des taux. Cette situation pourrait affecter le coût de la collecte et le rendement de nos crédits mais les fondamentaux de la marge d’intermédiation restent aujourd’hui bien orientés. Malgré cet environnement incertain, la région affiche une reprise économique sur la fin du trimestre : le Crédit Agricole Nord de France accompagne ce développement tout en restant vigilant sur la maitrise de son niveau de risque. L’ambition de trajectoire de résultat de la Caisse Régionale est maintenue.

    * Encours intégrant les titrisations de crédits habitat. Résultats financiers Comptes sociaux hors véhicules de titrisation.
    ** Bilan d’ouverture au 31 décembre 2024
    ***Ratio CET1 au 31 Décembre 2024

    *** *Ratio Liquidity Coverage Ratio (LCR) : moyennes sur 12 mois glissants des ratios LCR fin de mois       

    Attachment

    • Communiqué Résultats Financiers au 31 mars 2025

    The MIL Network –

    April 26, 2025
  • MIL-OSI Security: Felon Who Hid Loaded, Fully Automatic Handgun in Six-Year-Old Nephew’s Pants Sentenced to Nearly Four Years in Federal Prison

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

    SAN FRANCISCO – Darneko Yates, 30, of Richmond, Calif., was sentenced today to 46 months in federal prison for possession of a firearm by a person convicted of a felony.  U.S. District Judge Araceli Martínez-Olguín handed down the sentence.

    Yates was found guilty of being a felon in possession of a firearm, in violation of 18 U.S.C. § 922(g), following a one-day bench trial on Jan. 17, 2025.  The evidence at trial established that on Aug. 27, 2023, police officers stopped Yates for a vehicle infraction.  Yates’s young nephew and niece were in the backseat of his car.  Police officers discovered that Yates possessed a loaded automatic handgun, which was concealed in the front of his six-year-old nephew’s pants.  At the time, Yates was on parole following three felony convictions for carjacking, solicitation to commit murder, and possessing a loaded firearm.  

    In addition to the prison term, Judge Martinez-Olguín ordered Yates to serve three years of supervised release.

    Acting United States Attorney Patrick D. Robbins and FBI Special Agent in Charge Sanjay Virmani made the announcement.

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

    Assistant U.S. Attorneys Leif Dautch and Richard Ewenstein are prosecuting this case.  The prosecution is the result of an investigation by the FBI, the Contra Costa County Sheriff’s Office, and the San Pablo Police Department.  
     

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI Security: Maryland Man Charged With Providing Material Support to a Conspiracy to Murder, Kidnap, and Maim Individuals in Cameroon

    Source: Office of United States Attorneys

    So-Called “Garri Master,” or Master of Mutilation, called for violent attacks against Cameroonian civilian population and raised funds to supply AK-47s to separatist groups.

    Baltimore, Maryland – A federal grand jury has indicted Eric Tano Tataw, 38, of Gaithersburg, Maryland. The Cameroonian national, also known as “the Garri Master,” is charged with conspiring to provide material support to armed separatist groups in Cameroon and making threatening communications to injure or kidnap Cameroonian civilians.

    Kelly O. Hayes, U.S. Attorney for the District of Maryland, announced the indictment with Matthew R. Galeotti, Head of the Justice Department’s Criminal Division; Sue J. Bai, Head of the Justice Department’s National Security Division; and Special Agent in Charge Michael McCarthy, U.S. Immigration and Customs Enforcement Homeland Security Investigations (ICE HSI) Maryland.

    According to court documents, multiple armed and violent secessionist groups in the Northwest and Southwest regions of Cameroon are fighting to form a new country called “Ambazonia.” The armed separatist groups sought to achieve secession by not only attacking the Cameroonian military, but also intentionally attacking the civilian population in Cameroon in an attempt to coerce and intimidate the Cameroonian government into allowing these regions to secede. These separatist fighters are frequently referred to as “Amba Boys.”

    “Tataw and his co-conspirators masterminded and financially supported a vicious scheme to overthrow a foreign government. They resorted to an unthinkable level of violence while instilling fear in innocent victims to advance their political agenda,” Hayes said.  “We, along with our law enforcement partners, are committed to relentlessly pursuing anyone who attempts to inflict mayhem on others. Tataw and his co-conspirators demonstrated a total disregard for human life so now they must pay the price.”

    “The defendant is alleged to have ordered horrific acts of violence, including severing limbs, against Cameroonian civilians in support of a violent secessionist movement,” Galeotti said. “This indictment represents the Justice Department’s commitment to hold accountable human rights violators who direct brutal political violence and fundraise for armed militias from the comfort of the United States.”

    “The Justice Department will not tolerate those who help murder, maim, and kidnap,” Bai said. “We will continue to hold accountable those who aim to turn American soil into a staging ground for political violence abroad.”

    As alleged in the indictment, Tataw was a citizen of Cameroon living in Maryland and was a member of the Cameroonian diaspora with a large social media following. Beginning no later than April 2018, Tataw conspired to provide material support and resources — including money, weapons, and personnel — to Amba Boys in Cameroon, and called for the murder, kidnapping, and maiming of Cameroonian civilians. Tataw and his co-conspirators directed the maiming of Cameroonian civilians by severing their limbs, a practice Tataw called “Garriing.” Tataw used the phrase “small Garri” to refer to removing fingers or other small appendages and the phrase “large Garri” to refer to removing large limbs or killing people.  Additionally, Tataw referred to himself as the “Garri Master,” or master of mutilation.

    Tataw and his co-conspirators targeted those believed to be working for or collaborating with the government, including municipal officials, traditional chiefs, and employees of the Cameroon Development Corporation (CDC), a government-owned company that grew, processed, and sold bananas, palm oil, and rubber. As alleged, Tataw personally wrote hundreds of social media posts on Facebook, YouTube, and Twitter calling for attacks against Cameroonian civilians, seeking to raise funds to arm Amba Boys, and threatening those he viewed as cooperating with the Cameroonian government. These social media posts were regularly viewed by tens of thousands of people, including Amba Boys and their leaders, and were often further disseminated by third parties allegedly acting at Tataw’s direction or encouragement.

    Tataw and his co-conspirators solicited and raised funds to supply Amba Boys with firearms, ammunition, explosive materials, and other equipment for enforcing lockdown or “ghost-town” orders and carrying out violent attacks.  A fundraising campaign, known as the “National AK Campaign,” was designed to arm each Amba Boy in Cameroon with an AK-47 rifle.  From about September 2018 through December 2020, Tataw and his co-conspirators raised more than $110,000. Tataw and co-conspirators transferred portions of these funds — either directly or through intermediaries — to Amba Boys located in Cameroon and neighboring Nigeria. Additionally, Tataw communicated directly with Amba Boy leaders on the ground in Cameroon. Tataw also, on multiple occasions, personally took credit for Amba Boys murdering, kidnapping, and maiming civilians in connection with the separatists’ cause.

    An indictment is not a finding of guilt.  All defendants charged by indictment are presumed innocent unless and until proven guilty at a later criminal proceeding.  If convicted, Tataw faces a maximum penalty of 15 years in prison on the material support count and five years in prison on each count of making threatening communications to injure or kidnap. A federal district court judge determines sentencing after considering the U.S. Sentencing Guidelines and other statutory factors.

    U.S. Attorney Hayes commended the HSI Maryland’s Document and Benefit Fraud/El Dorado Task Force, U.S. Department of State’s Diplomatic Security Service, and Federal Bureau of Investigation – Baltimore Field Office for their work in the investigation.  Ms. Hayes also thanked Assistant U.S. Attorneys Christina A. Hoffman and Joseph Wenner; Trial Attorney Chelsea Schinnour of the Criminal Division’s Human Rights and Special Prosecutions Section; and Michael Dittoe and Andrew Briggs, National Security Division, who are prosecuting this case, along with the Justice Department’s Office of International Affairs for their valuable assistance.

    For more information about the Maryland U.S. Attorney’s Office, its priorities, and resources available to help the community, visit www.justice.gov/usao-md and https://www.justice.gov/usao-md/community-outreach. To report a Maryland-based hate crime, contact the FBI Baltimore field office at (410) 265-8080 or www.tips.fbi.gov. 

    # # #

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI Security: Marathon County Man Sentenced to 7 Years for Conspiring to Traffic Methamphetamine

    Source: Office of United States Attorneys

    MADISON, WIS. – Timothy M. O’Shea, United States Attorney for the Western District of Wisconsin, announced that Dustin P. Brunker, 37, Weston, Wisconsin, was sentenced yesterday by U.S. District Judge William M. Conley to 7 years in federal prison for conspiring to distribute 50 grams or more of methamphetamine. The prison term will be followed by 5 years of supervised release. Brunker pleaded guilty to this charge on January 28, 2025.

    In early 2024, investigators with the Central Wisconsin Narcotics Task Force began investigating a group of individuals who were distributing large quantities of methamphetamine and cocaine in the Marathon County area. Brunker was identified as a distributor for the group.

    Following a series of controlled purchases of methamphetamine involving Brunker in March and April of 2024, task force officers executed a search warrant at a residence that Brunker shared with co-defendant Mercadys A. Perkins in Weston. Officers found over 300 grams of methamphetamine, over $2,000 in cash, drug ledgers, and other drug trafficking paraphernalia during the search.

    Further investigation revealed that between February 18, 2024, and April 12, 2024, a co-conspirator provided Brunker and Perkins approximately 16 pounds of methamphetamine and 6 ounces of cocaine intended for further distribution.

    At the time of these events, Brunker was serving a term of state supervision for two felony cases and out on state bond for a felony drug charge. His state supervision was revoked, and he was sentenced to a total of 3 years in state prison, which he is currently serving. Judge Conley ordered the federal sentence run concurrently with the remainder of Brunker’s state prison sentences.

    At sentencing, Judge Conley called Brunker’s large quantity methamphetamine trafficking egregious. Judge Conley further observed that while Brunker had a lengthy prior record, the conduct in the present case showed an escalation in criminality.

    Three others were charged in connection with this drug trafficking conspiracy. Mercadys Perkins was convicted of conspiracy to distribute 50 grams or more of methamphetamine and sentenced to 6 years in federal prison on April 17, 2025. Joshua Lake and Jessica Colby have pleaded guilty and are scheduled to be sentenced in the coming weeks.

    The charge against Brunker was the result of an investigation conducted by the Federal Bureau of Investigation’s Central Wisconsin Narcotics Task Force comprised of investigators from the FBI, Wisconsin State Patrol, Wisconsin Department of Criminal Investigation, Lincoln County Sheriff’s Office, Marathon County Sheriff’s Office, Portage County Sheriff’s Office, Mountain Bay Police Department, Wausau Police Department and Wisconsin National Guard Counter Drug Program. The ATF Madison Crime Gun Task Force also assisted with the case. The ATF Madison Crime Gun Task Force consists of federal agents from ATF and Task Force Officers from state and local agencies throughout the Western District of Wisconsin. The Marathon County District Attorney’s Office also assisted with the investigation. Assistant U.S. Attorney Steven P. Anderson prosecuted this case. 

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI Security: Newtown Man Admits Stealing Nearly $3 Million to Fund His Day Trading Activity

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

    Marc H. Silverman, Acting United States Attorney for the District of Connecticut, and Anish Shukla, Acting Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, announced that on April 18, 2025, TIMOTHY MINGIONE, 33, of Newtown, waived his right to be indicted and pleaded guilty before U.S. District Judge Alvin W. Thompson in Hartford to an offense related to his theft of nearly $3 million to fund his day trading activity.

    According to court documents and statements made in court, Mingione assisted investors in the purchase of real estate and then became the designated asset manager for the acquired properties, including overseeing the properties, addressing tenancy issues associated with the real estate, and reviewing property financials.  In this role, Mingione had access to bank accounts required for property management.  Mingione provided purchase and asset manager services for a New York-based real estate company, worked with a syndicate of investors involved in the purchase and management of five real estate properties in Connecticut and Florida, and worked as an asset manager for various other limited liability companies.

    Beginning in approximately April 2023, to fund his day trading activity, particularly in S&P 500 options, Mingione stole from the various business bank accounts he had access to by writing checks against the accounts or by wiring monies from the accounts to his personal trading account with TD Ameritrade.  Mingione tracked the monies he stole and, at times, returned funds to the accounts he had stolen from.  However, by late spring 2024, he had amassed more than $1 million in trading losses and, by the end of September 2024, had stolen nearly $3 million.

    Mingione pleaded guilty to one count of interstate transmission of stolen money, which carries a maximum term of imprisonment of 10 years.  Judge Thompson scheduled sentencing for July 15.

    Mingione has agreed to pay restitution of $ 2,958,203.

    Mingione is released on a $40,000 bond pending sentencing.

    This investigation is being conducted by the Federal Bureau of Investigation and the case is being prosecuted by Assistant U.S. Attorney Christopher W. Schmeisser.

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI Security: Federal Inmate Sentenced to Life in Prison for Savage Murder of Cellmate at Terre Haute Federal Correctional Complex

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

    TERRE HAUTE— Joshua T. Mebane, 29, of Silver Spring, Maryland, has been sentenced to life in federal prison for first degree murder. Mebane previously pled guilty in open court on October 23, 2024. 

    According to court documents, in January of 2016, Joshua Mebane was an inmate at the Federal Correctional Complex in Terre Haute, Indiana, serving a 45-year sentence for first degree murder in the District of Columbia. Mebane was also later convicted of murder and attempted murder in Maryland, committed in 2012, for which he received multiple life sentences.   

    On January 26, 2016, inmate Michael Tucker moved into Mebane’s cell. Just two days later, correctional officers went to retrieve Mebane for a medical appointment and called for both inmates to be present at the cell door. According to policy, all inmates in the cell must be handcuffed before opening. As the officers again called for Tucker to be handcuffed, Mebane admitted “My cellie (cell mate) is dead… I killed my cellie on Wednesday.”

    Officers entered the cell to investigate and found Michael Tucker lying face-up in the bottom bunk bed, covered by a blanket. His body was cold to the touch and without a pulse. Life saving measures were initiated by medics but were unsuccessful.

    The medical examiner ruled the official cause of death to be asphyxiation and determined the manner of death as homicide.

    “This life sentence reflects our office’s commitment to justice for all victims, including those who are incarcerated in federal correctional facilities. The horrific murder deserves one of the harshest penalties allowed under the law, and I sincerely hope that the completion of this prosecution brings some measure of closure and peace to Mr. Tucker’s family,” said John E. Childress, Acting United States Attorney for the Southern District of Indiana.

    “The FBI is committed to ensuring the rights and dignity of every victim – no matter where the crimes occur. This kind of violence is inexcusable, and the sentence should serve as a powerful reminder there is no place in our society for such hate,” said FBI Indianapolis Acting Special Agent in Charge Dominique Evans. “The FBI will continue to work with our law enforcement partners to hold offenders accountable and send a clear message that the protection of all individuals from hate-driven violence remains a top priority.”

    “Today’s sentencing sends a clear message – those who threaten or harm others will be held accountable. The safety and security of our facilities will always be the FBOP’s top priority in our mission to ensure public safety,” said a BOP Spokesperson.

    The Federal Bureau of Investigation and Bureau of Prisons investigated this case. The sentence was imposed by U.S. District Court Judge James R. Sweeney II. 

    Acting U.S. Attorney Childress thanked Assistant U.S. Attorneys Kyle M. Sawa and Meredith Wood, who prosecuted this case.

    ###

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI Security: Darknet Drug Trafficker From Pennsylvania Sentenced in D.C. for Selling Mass Quantities of Fentanyl Online

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

    WASHINGTON – Jacob Blair, 27, of Aliquippa, Pa., was sentenced today in U.S. District Court to 180 months in federal prison for his role in a drug conspiracy that distributed a wide variety of narcotics, including large amounts of counterfeit oxycodone pills containing fentanyl and counterfeit Adderall pills containing methamphetamine. Blair sold and distributed the narcotics on the darknet marketplace Tor2Door and other darknet markets.

    The sentence was announced by U.S. Attorney Edward R. Martin Jr.; Acting U.S. Attorney Troy Rivetti of the Western District of Pennsylvania; Special Agent in Charge Sean Ryan of the FBI Washington Field Office Criminal and Cyber Division, Special Agent in Charge Kevin P. Rojek of the FBI Pittsburgh Field Office; Special Agent in Charge Ibrar A. Mian of the Drug Enforcement Administration (DEA) Washington Division; Inspector in Charge Damon E. Wood of the U.S. Postal Inspection Service Washington Division; Inspector in Charge Lesley Allison of the US Postal Inspection Service Pittsburgh Division for; and Acting Special Agent in Charge Christopher Heck of the U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) Washington, D.C.

    Blair pleaded guilty on Dec. 17, 2024, before U.S. District Court Judge Amy Berman Jackson, to a charge of conspiracy to distribute more than 400 grams of fentanyl and 50 grams of methamphetamine, and to a charge of possessing a firearm in furtherance of a drug trafficking offense. Blair also pleaded guilty in the District of Columbia to a charge, originally filed in the Western District of Pennsylvania, of distributing 40 grams or more of fentanyl and 50 grams or more of methamphetamine.

    In addition to the 180-month prison term, Judge Berman Jackson ordered Blair to serve five years of supervised release.

    According to court documents, Blair was responsible for distributing more than 1.2 kilograms but less than 4 kilograms of fentanyl, and at least 50 grams but less than 200 grams of methamphetamine. He also admitted to mass-marketing the narcotics by means of an interactive computer service.

    Blair’s co-defendant Dyani Pezzelle pleaded guilty March 5, 2025, to conspiracy to distribute more than 40 grams of fentanyl and 50 grams of methamphetamine. Pezzelle is scheduled to be sentenced on Sept. 18, 2025.

    Between August 1, 2022, and Feb. 24, 2023, Blair and Pezzelle operated vendor accounts on various darknet marketplaces. On the marketplace Tor2Door, Blair and Pezzelle advertised their controlled substances using the monikers “YVS” and “YVendor Supplier” which they touted as “a syndicate of professionals that specialize in making the best products the markets have to offer. We focus on quality, consistency, stealth, and speed.” The conspiracy completed at least 459 sales of illegal narcotics.

    Blair manufactured and obtained counterfeit Oxycodone, Adderall, and Xanax pills for sale. Blair posted advertisements for the controlled substances on Tor2Door and four other marketplaces and accepted payment in cyrptocurrency. During the conspiracy, Blair shipped counterfeit oxycodone pills to the District of Columbia at least six times. These pills contained fentanyl, a Schedule II controlled substance, and metonitazene, a Schedule I controlled substance. In addition, they also shipped counterfeit Xanax and Adderall pills to the District multiple times.

    On February 22, 2023, law enforcement executed search warrants at Blair’s residence in Aliquippa, Pennsylvania, and other locations. During the searches, law enforcement recovered 10 firearms, over 20,000 counterfeit oxycodone pills that contained fentanyl, an industrial pill press, and other manufacturing and distribution supplies.

    This case was investigated by the FBI’s Field Offices in Washington D.C. and Pittsburgh, the DEA, the U.S. Postal Inspection Service, and Homeland Security Investigations. Valuable assistance was provided by the Pittsburgh Bureau of Police and the Moon Township Police Department.

    The matter is being prosecuted by Assistant U.S. Attorneys Thomas Strong and Peter Roman of the District of Columbia’s Violence Reduction and Trafficking Offenses (VRTO) section and Assistant U.S. Attorney DeMarr Moulton of the Western District of Pennsylvania.  The case was initially investigated and indicted by Assistant U.S. Attorney Kevin Rosenberg.

    24cr560

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI: Penns Woods Bancorp, Inc. Reports First Quarter 2025 Earnings

    Source: GlobeNewswire (MIL-OSI)

    WILLIAMSPORT, Pa., April 25, 2025 (GLOBE NEWSWIRE) — Penns Woods Bancorp, Inc. (NASDAQ: PWOD)

    Penns Woods Bancorp, Inc. achieved net income of $7.4 million for the three months ended March 31, 2025, resulting in basic earnings per share of $0.97 and diluted earnings per share of $0.95.

    Highlights

    • Net income, as reported under generally accepted accounting principles (GAAP), for the three months ended March 31, 2025 was $7.4 million, compared $3.8 million for the same period of 2024. Results for the three months ended March 31, 2025 compared to 2024 were impacted by an increase in net interest income of $2.4 million, as the net interest margin expanded. The three month period ended March 31, 2025 has been impacted by after-tax merger related expenses of $948,000 resulting from the announced acquisition of the company by Northwest Bancshares, Inc. The disposal of assets related to two former branch properties resulted in a one time after-tax loss of $261,000 for the three month period ended March 31, 2024.
    • The allowance for credit losses was impacted for the three months ended March 31, 2025 by a negative provision for credit losses of $3.0 million, compared to a provision for credit losses of $138,000 for the 2024 period. The recognition of a negative provision for credit losses for the 2025 period was due primarily to a recovery on a commercial loan of $1.3 million. The recovery, coupled with a decline in the historical loss rates over the look back period, reduced the probability of default and loss given default applied to the loan portfolio when determining the level of the allowance for credit losses.
    • Basic and diluted earnings per share for the three months ended March 31, 2025 were $0.97 and $0.95, respectively. This compares to basic and diluted earnings per share of $0.51 for the three month period ended March 31, 2024.
    • Annualized return on average assets was 1.31% for the three months ended March 31, 2025, compared to 0.69% for the corresponding period of 2024.
    • Annualized return on average equity was 14.76% for the three months ended March 31, 2025, compared to 8.03% for the corresponding period of 2024.

    Net Income

    Net income from core operations (“core earnings”), which is a non-GAAP measure of net income excluding net securities gains or losses and merger expenses, was $8.1 million for the three months ended March 31, 2025 compared to $3.8 million for the same period of 2024. Core earnings per share (non-GAAP) for the three months ended March 31, 2025 were basic $1.06 and diluted $1.04. Basic and diluted core earnings per share for the same period of 2024 were $0.51. Annualized core return on average assets and core return on average equity (non-GAAP) were 1.43% and 16.15%, respectively, for the three months ended March 31, 2025, compared to 0.69% and 8.09% for the corresponding period of 2024. A reconciliation of the non-GAAP financial measures of core earnings, core return on assets, core return on equity, core earnings per share and tangible book value per share to the comparable GAAP financial measures is included at the end of this press release.

    Net Interest Margin

    The net interest margin for the three months ended March 31, 2025 was 3.13% compared to 2.69% for the corresponding period of 2024. The increase in the net interest margin for the three month period was driven by an increase in the rate collected on interest-earning assets of 38 basis points (“bps”). The overall market conditions over the periods resulted in increases to the yield on the earnings asset portfolio and a decrease in the rate paid on interest-bearing deposits. Driving the increase in the yield and interest income on the earning assets portfolio was the repricing of legacy assets, portfolio growth, and the recognition of $223,000 in interest from a recovery on a commercial loan. The average loan portfolio balance increased $41.8 million for the three month period ended March 31, 2025 compared to the same period of 2024 as the average yield on the portfolio increased 40 bps, resulting in an increase in taxable equivalent interest income of $2.2 million for the period. The three month period ended March 31, 2025 was impacted by an increase of 30 bps in the yield earned on the securities portfolio as legacy securities matured, which offset the impact of a decrease in average securities balance of $15.0 million. Short-term borrowings decreased leading to a decrease of $949,000 in expense for the three month period ended March 31, 2025 compared to the same period of 2024. The rate paid on interest-bearing deposits increased 4 bps, or $781,000, in expense for the three month period ended March 31, 2025 compared to the corresponding period of 2024 due to the rate environment, an increase in competition for deposits, increased utilization of brokered deposits, and a migration of deposit balances from core deposits to higher rate time deposits. The average balance of time deposits increased $99.9 million from the three month period ended March 31, 2024 to 2025 as the rate paid on the funds decreased 9 bps. In addition, brokered deposits have been utilized to assist with funding the loan portfolio growth and contributed to the increase in time deposit balances, while lowering the reliance on higher cost short-term borrowings.

    Assets

    Total assets increased to $2.3 billion at March 31, 2025, an increase of $42.1 million compared to March 31, 2024.  Net loans increased $43.3 million to $1.9 billion at March 31, 2025 compared to March 31, 2024, as continued emphasis was placed on commercial loan growth and indirect auto lending. The investment portfolio decreased $14.3 million from March 31, 2024 to March 31, 2025 as the portfolio cash flow is being utilized to fund loan growth. Short-term and long-term borrowings decreased $28.3 million and $47.2 million, respectively, from March 31, 2024 to March 31, 2025 as deposit growth allowed for a reduction in total borrowings.

    Non-performing Loans

    The ratio of non-performing loans to total loans ratio increased to 0.53% at March 31, 2025 from 0.43% at March 31, 2024, as non-performing loans increased to $10.0 million at March 31, 2025 from $8.0 million at March 31, 2024. The majority of non-performing loans involve loans that are either in a secured position and have sureties with a strong underlying financial position or have been classified as individually evaluated loans that have a specific allocation recorded within the allowance for credit losses. Net loan recoveries of $957,000 for the three months ended March 31, 2025, impacted the allowance for credit losses, which was 0.54% of total loans at March 31, 2025 compared to 0.62% at March 31, 2024. Exposure to non-owner occupied office space is minimal at $13.7 million at March 31, 2025 with none of these loans being delinquent.

    Deposits

    Deposits increased $105.4 million to $1.7 billion at March 31, 2025 compared to March 31, 2024. Noninterest-bearing deposits decreased $5.7 million to $465.8 million at March 31, 2025 compared to March 31, 2024.  Core deposits increased $3.6 million with growth in money market accounts offsetting a decline in savings and NOW accounts. Core deposit gathering efforts remained focused on increasing the utilization of electronic (internet and mobile) deposit banking by our customers. Core deposits have remained stable at $1.2 billion over the past five quarters. Interest-bearing deposits increased $111.1 million from March 31, 2024 to March 31, 2025 due to growth in the time deposit portfolio of $50.6 million as customers sought a higher rate of interest. Brokered deposit balances increased $51.2 million to $177.0 million at March 31, 2025 as this funding source was utilized to supplement funding loan portfolio growth, while reducing the need to draw upon available borrowing lines. A campaign to attract time deposits with a maturity of five to twenty-four months commenced during the latter part of 2022 and has continued throughout 2024 and 2025.

    Shareholders’ Equity

    Shareholders’ equity increased $18.5 million to $212.0 million at March 31, 2025 compared to March 31, 2024.  Accumulated other comprehensive loss of $3.5 million at March 31, 2025 decreased from a loss of $9.2 million at March 31, 2024 as a result of a decrease in net unrealized loss on available for sale securities to $2.8 million at March 31, 2025 from a net unrealized loss of $6.4 million at March 31, 2024, coupled with a decrease in loss of $2.0 million in the defined benefit plan obligation. The current level of shareholders’ equity equates to a book value per share of $27.85 at March 31, 2025 compared to $25.72 at March 31, 2024, and an equity to asset ratio of 9.41% at March 31, 2025 and 8.76% at March 31, 2024. Tangible book value per share (a non-GAAP measure) increased to $25.67 at March 31, 2025 compared to $23.50 at March 31, 2024. Dividends declared for the three months ended March 31, 2025 and 2024 were $0.32 per share.

    Penns Woods Bancorp, Inc. is the parent company of Jersey Shore State Bank, which operates sixteen branch offices providing financial services in Lycoming, Clinton, Centre, Montour, Union, and Blair Counties, and Luzerne Bank, which operates eight branch offices providing financial services in Luzerne County, and United Insurance Solutions, LLC, which offers insurance products.  Investment and insurance products are offered through Jersey Shore State Bank’s subsidiary, The M Group, Inc. D/B/A The Comprehensive Financial Group.

    NOTE:  This press release contains financial information determined by methods other than in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).  Management uses the non-GAAP measure of net income from core operations in its analysis of the company’s performance. This measure, as used by the Company, adjusts net income determined in accordance with GAAP to exclude the effects of special items, including significant gains or losses that are unusual in nature such as net securities gains and losses. Because these certain items and their impact on the Company’s performance are difficult to predict, management believes presentation of financial measures excluding the impact of such items provides useful supplemental information in evaluating the operating results of the Company’s core businesses. These disclosures should not be viewed as a substitute for net income determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

    This press release may contain certain “forward-looking statements” including statements concerning plans, objectives, future events or performance and assumptions and other statements, which are statements other than statements of historical fact.  The Company cautions readers that the following important factors, among others, may have affected and could in the future affect actual results and could cause actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company herein: (i) the effect of changes in laws and regulations, including federal and state banking laws and regulations, and the associated costs of compliance with such laws and regulations either currently or in the future as applicable; (ii) the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies as well as by the Financial Accounting Standards Board, or of changes in the Company’s organization, compensation and benefit plans; (iii) the effect on the Company’s competitive position within its market area of the increasing consolidation within the banking and financial services industries, including the increased competition from larger regional and out-of-state banking organizations as well as non-bank providers of various financial services; (iv) the effect of changes in interest rates; (v) the effects of health emergencies, including the spread of infectious diseases or pandemics; (vi) the effect of changes in the business cycle and downturns in the local, regional or national economies; or (vii) any potential adverse events or developments resulting from the merger agreement, dated December 16, 2024, between Penns Woods Bancorp, Inc. and Northwest Bancshares, Inc., including, without limitation, any event, change, or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement or the possibility that the parties may be unable to achieve expected synergies and operating efficiencies in the merger within the expected timeframes or to successfully integrate the business and operations of Jersey Shore State Bank and Luzerne Bank with those of Northwest Savings Bank after closing.  For a list of other factors which could affect the Company’s results, see the Company’s filings with the Securities and Exchange Commission, including “Item 1A.  Risk Factors,” set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

    You should not place undue reliance on any forward-looking statements.  These statements speak only as of the date of this press release, even if subsequently made available by the Company on its website or otherwise.  The Company undertakes no obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

    Previous press releases and additional information can be obtained from the Company’s website at www.pwod.com.

    Contact: Richard A. Grafmyre, Chief Executive Officer
      110 Reynolds Street
      Williamsport, PA 17702
      570-322-1111 e-mail: pwod@pwod.com
    PENNS WOODS BANCORP, INC.
    CONSOLIDATED BALANCE SHEET
    (UNAUDITED)
     
        March 31,
    (In Thousands, Except Share and Per Share Data)     2025       2024     % Change
    ASSETS:            
    Noninterest-bearing cash   $ 26,604     $ 23,488     13.27 %
    Interest-bearing balances in other financial institutions     10,841       9,055     19.72 %
    Total cash and cash equivalents     37,445       32,543     15.06 %
                 
    Investment debt securities, available for sale, at fair value     175,721       187,245     (6.15 )%
    Investment equity securities, at fair value     1,128       1,112     1.44 %
    Restricted investment in bank stock     20,613       23,420     (11.99 )%
    Loans held for sale     2,583       3,360     (23.13 )%
    Loans     1,897,376       1,855,347     2.27 %
    Allowance for credit losses     (10,236 )     (11,542 )   (11.32 )%
    Loans, net     1,887,140       1,843,805     2.35 %
    Premises and equipment, net     27,441       28,970     (5.28 )%
    Accrued interest receivable     10,871       11,344     (4.17 )%
    Bank-owned life insurance     45,982       32,853     39.96 %
    Investment in limited partnerships     6,466       7,515     (13.96 )%
    Goodwill     16,450       16,450     — %
    Intangibles     82       184     (55.43 )%
    Operating lease right of use asset     2,761       2,922     (5.51 )%
    Deferred tax asset     2,067       4,546     (54.53 )%
    Other assets     15,485       13,847     11.83 %
    TOTAL ASSETS   $ 2,252,235     $ 2,210,116     1.91 %
                 
    LIABILITIES:            
    Interest-bearing deposits   $ 1,258,188     $ 1,147,111     9.68 %
    Noninterest-bearing deposits     465,766       471,451     (1.21 )%
    Total deposits     1,723,954       1,618,562     6.51 %
                 
    Short-term borrowings     82,910       111,208     (25.45 )%
    Long-term borrowings     214,542       261,770     (18.04 )%
    Accrued interest payable     3,908       4,174     (6.37 )%
    Operating lease liability     2,841       2,987     (4.89 )%
    Other liabilities     12,057       17,898     (32.63 )%
    TOTAL LIABILITIES     2,040,212       2,016,599     1.17 %
                 
    SHAREHOLDERS’ EQUITY:            
    Preferred stock, no par value, 3,000,000 shares authorized; no shares issued     —       —     n/a
    Common stock, par value $5.55, 22,500,000 shares authorized; 8,124,439 and 8,035,597 shares issued; 7,614,214 and 7,525,372 shares outstanding     45,134       44,641     1.10 %
    Additional paid-in capital     62,931       62,215     1.15 %
    Retained earnings     120,261       108,642     10.69 %
    Accumulated other comprehensive loss:            
    Net unrealized loss on available for sale securities     (2,762 )     (6,425 )   57.01 %
    Defined benefit plan     (726 )     (2,741 )   73.51 %
    Treasury stock at cost, 510,225 shares     (12,815 )     (12,815 )   — %
    TOTAL SHAREHOLDERS’ EQUITY     212,023       193,517     9.56 %
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   $ 2,252,235     $ 2,210,116     1.91 %
    PENNS WOODS BANCORP, INC.
    CONSOLIDATED STATEMENT OF INCOME
    (UNAUDITED)
     
        Three Months Ended March 31,
    (In Thousands, Except Share and Per Share Data)     2025       2024     % Change
    INTEREST AND DIVIDEND INCOME:            
    Loans including fees   $ 26,014     $ 23,860     9.03 %
    Investment securities:            
    Taxable     1,723       1,594     8.09 %
    Tax-exempt     60       97     (38.14 )%
    Dividend and other interest income     581       679     (14.43 )%
    TOTAL INTEREST AND DIVIDEND INCOME     28,378       26,230     8.19 %
                 
    INTEREST EXPENSE:            
    Deposits     8,744       7,963     9.81 %
    Short-term borrowings     1,056       2,005     (47.33 )%
    Long-term borrowings     2,438       2,516     (3.10 )%
    TOTAL INTEREST EXPENSE     12,238       12,484     (1.97 )%
                 
    NET INTEREST INCOME     16,140       13,746     17.42 %
                 
    (RECOVERY) PROVISION FOR CREDIT LOSSES     (2,969 )     138     (2,251.45 )%
                 
    NET INTEREST INCOME AFTER (RECOVERY) PROVISION OF CREDIT LOSSES     19,109       13,608     40.42 %
                 
    NON-INTEREST INCOME:            
    Service charges     483       515     (6.21 )%
    Net debt securities gains (losses), available for sale     305       (23 )   1,426.09 %
    Net equity securities gains (losses)     17       (10 )   270.00 %
    Bank-owned life insurance     301       463     (34.99 )%
    Gain on sale of loans     408       305     33.77 %
    Insurance commissions     152       153     (0.65 )%
    Brokerage commissions     167       186     (10.22 )%
    Loan broker income     252       222     13.51 %
    Debit card income     308       329     (6.38 )%
    Other     175       322     (45.65 )%
    TOTAL NON-INTEREST INCOME     2,568       2,462     4.31 %
                 
    NON-INTEREST EXPENSE:            
    Salaries and employee benefits     6,483       6,422     0.95 %
    Occupancy     874       905     (3.43 )%
    Furniture and equipment     997       939     6.18 %
    Software amortization     419       190     120.53 %
    Pennsylvania shares tax     413       320     29.06 %
    Professional fees     505       552     (8.51 )%
    Federal Deposit Insurance Corporation deposit insurance     397       359     10.58 %
    Marketing     47       71     (33.80 )%
    Intangible amortization     25       26     (3.85 )%
    Merger expense     1,093       —     n/a
    Other     1,341       1,839     (27.08 )%
    TOTAL NON-INTEREST EXPENSE     12,594       11,623     8.35 %
    INCOME BEFORE INCOME TAX PROVISION     9,083       4,447     104.25 %
    INCOME TAX PROVISION     1,716       639     168.54 %
    NET INCOME AVAILABLE TO COMMON SHAREHOLDERS’   $ 7,367     $ 3,808     93.46 %
    EARNINGS PER SHARE – BASIC   $ 0.97     $ 0.51     90.20 %
    EARNINGS PER SHARE – DILUTED   $ 0.95     $ 0.51     86.27 %
    WEIGHTED AVERAGE SHARES OUTSTANDING – BASIC     7,589,592       7,512,520     1.03 %
    WEIGHTED AVERAGE SHARES OUTSTANDING – DILUTED     7,728,688       7,512,520     2.88 %
    PENNS WOODS BANCORP, INC.
    AVERAGE BALANCES AND INTEREST RATES 
    (UNAUDITED)
     
        Three Months Ended
        March 31, 2025   March 31, 2024
    (Dollars in Thousands)   Average 
    Balance (1)
      Interest   Average 
    Rate
      Average 
    Balance (1)
      Interest   Average 
    Rate
    ASSETS:                        
    Tax-exempt loans (3)   $ 68,615   $ 556   3.28 %   $ 69,349   $ 463   2.69 %
    All other loans     1,824,502     25,575   5.68 %     1,781,962     23,494   5.30 %
    Total loans (2)     1,893,117     26,131   5.60 %     1,851,311     23,957   5.20 %
                             
    Taxable securities     191,040     2,188   4.64 %     200,275     2,144   4.35 %
    Tax-exempt securities (3)     10,751     76   2.87 %     16,529     123   3.03 %
    Total securities     201,791     2,264   4.55 %     216,804     2,267   4.25 %
                             
    Interest-bearing balances in other financial institutions     14,699     116   3.20 %     10,199     129   5.09 %
                             
    Total interest-earning assets     2,109,607     28,511   5.48 %     2,078,314     26,353   5.10 %
                             
    Other assets     138,990             130,958        
                             
    TOTAL ASSETS   $ 2,248,597           $ 2,209,272        
                             
    LIABILITIES AND SHAREHOLDERS’ EQUITY:                        
    Savings   $ 209,025     234   0.45 %   $ 218,722     268   0.49 %
    Super Now deposits     208,537     904   1.76 %     215,870     1,084   2.02 %
    Money market deposits     317,306     2,468   3.15 %     292,707     2,359   3.24 %
    Time deposits     507,085     5,138   4.11 %     407,169     4,252   4.20 %
    Total interest-bearing deposits     1,241,953     8,744   2.86 %     1,134,468     7,963   2.82 %
                             
    Short-term borrowings     95,339     1,056   4.49 %     144,350     2,005   5.59 %
    Long-term borrowings     230,682     2,438   4.29 %     259,697     2,516   3.90 %
    Total borrowings     326,021     3,494   4.35 %     404,047     4,521   4.50 %
                             
    Total interest-bearing liabilities     1,567,974     12,238   3.17 %     1,538,515     12,484   3.26 %
                             
    Demand deposits     449,384             451,877        
    Other liabilities     31,524             29,260        
    Shareholders’ equity     199,715             189,620        
                             
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   $ 2,248,597           $ 2,209,272        
    Interest rate spread (3)           2.31 %           1.84 %
    Net interest income/margin (3)       $ 16,273   3.13 %       $ 13,869   2.69 %
    1. Information on this table has been calculated using average daily balance sheets to obtain average balances.
    2. Non-accrual loans have been included with loans for the purpose of analyzing net interest earnings.
    3. Income and rates on fully taxable equivalent basis include an adjustment for the difference between annual income from tax-exempt obligations and the taxable equivalent of such income at the standard tax rate of 21%
      Three Months Ended March 31,
        2025     2024
    Total interest income $ 28,378   $ 26,230
    Total interest expense   12,238     12,484
    Net interest income (GAAP)   16,140     13,746
    Tax equivalent adjustment   133     123
    Net interest income (fully taxable equivalent) (non-GAAP) $ 16,273   $ 13,869
    (Dollars in Thousands, Except Per Share Data, Unaudited)   Quarter Ended
        3/31/2025   12/31/2024   9/30/2024   6/30/2024   3/31/2024
    Operating Data                    
    Net income   $ 7,367     $ 3,741     $ 4,801     $ 5,390     $ 3,808  
    Net interest income     16,140       15,563       15,056       14,515       13,746  
    (Recovery) provision for credit losses     (2,969 )     420       740       (1,177 )     138  
    Net security gains (losses)     322       (44 )     36       (19 )     (33 )
    Non-interest income, excluding net security gains (losses)     2,246       2,754       2,385       2,044       2,495  
    Non-interest expense     12,594       12,980       10,884       10,996       11,623  
                         
    Performance Statistics                    
    Net interest margin     3.13 %     2.98 %     2.88 %     2.83 %     2.69 %
    Annualized cost of total deposits     2.07 %     2.22 %     2.27 %     2.14 %     2.01 %
    Annualized non-interest income to average assets     0.46 %     0.48 %     0.43 %     0.37 %     0.45 %
    Annualized non-interest expense to average assets     2.24 %     2.32 %     1.95 %     1.98 %     2.10 %
    Annualized return on average assets     1.31 %     0.67 %     0.86 %     0.97 %     0.69 %
    Annualized return on average equity     14.76 %     7.28 %     9.60 %     11.12 %     8.03 %
    Annualized net loan (recoveries) charge-offs to average loans   (0.20 )%     0.05 %     0.07 %   (0.09 )%     0.08 %
    Net (recoveries) charge-offs     (957 )     228       328       (396 )     380  
    Efficiency ratio     68.36 %     70.73 %     62.26 %     66.25 %     71.41 %
                         
    Per Share Data                    
    Basic earnings per share   $ 0.97     $ 0.50     $ 0.64     $ 0.72     $ 0.51  
    Diluted earnings per share     0.95       0.49       0.64       0.72       0.51  
    Dividend declared per share     0.32       0.32       0.32       0.32       0.32  
    Book value     27.85       27.16       26.96       26.13       25.72  
    Tangible book value (Non-GAAP)     25.67       24.97       24.77       23.93       23.50  
    Common stock price:                    
    High     31.90       34.06       23.98       21.08       22.64  
    Low     27.61       23.74       19.29       17.17       18.44  
    Close     27.91       30.39       23.79       20.55       19.41  
    Weighted average common shares:                    
    Basic     7,590       7,555       7,544       7,529       7,513  
    Fully Diluted     7,729       7,693       7,544       7,529       7,513  
    End-of-period common shares:                    
    Issued     8,124       8,067       8,065       8,052       8,036  
    Treasury     (510 )     (510 )     (510 )     (510 )     (510 )
    (Dollars in Thousands, Unaudited)   Quarter Ended
        3/31/2025   12/31/2024   9/30/2024   6/30/2024   3/31/2024
    Financial Condition Data:                    
    General                    
    Total assets   $ 2,252,235     $ 2,232,338     $ 2,259,250     $ 2,234,617     $ 2,210,116  
    Loans, net     1,887,140       1,865,230       1,863,586       1,855,054       1,843,805  
    Goodwill     16,450       16,450       16,450       16,450       16,450  
    Intangibles     82       107       133       158       184  
    Total deposits     1,723,954       1,706,081       1,700,321       1,648,093       1,618,562  
    Noninterest-bearing     465,766       456,936       452,922       461,092       471,451  
    Savings     211,136       208,340       211,560       218,354       220,932  
    NOW     203,191       212,687       218,279       209,906       208,073  
    Money Market     323,869       308,977       321,614       320,101       299,916  
    Time Deposits     342,983       340,844       328,294       310,187       292,372  
    Brokered Deposits     177,009       178,297       167,652       128,453       125,818  
    Total interest-bearing deposits     1,258,188       1,249,145       1,247,399       1,187,001       1,147,111  
                         
    Core deposits*     1,203,962       1,186,940       1,204,375       1,209,453       1,200,372  
    Shareholders’ equity     212,023       205,231       203,694       197,087       193,517  
                         
    Asset Quality                    
    Non-performing loans   $ 9,987     $ 8,904     $ 7,940     $ 6,784     $ 7,958  
    Non-performing loans to total assets     0.44 %     0.40 %     0.35 %     0.30 %     0.36 %
    Allowance for credit losses on loans     10,236       11,848       11,588       11,234       11,542  
    Allowance for credit losses on loans to total loans     0.54 %     0.63 %     0.62 %     0.60 %     0.62 %
    Allowance for credit losses on loans to non-performing loans     102.49 %     133.06 %     145.94 %     165.60 %     145.04 %
    Non-performing loans to total loans     0.53 %     0.47 %     0.42 %     0.36 %     0.43 %
                         
    Capitalization                    
    Shareholders’ equity to total assets     9.41 %     9.19 %     9.02 %     8.82 %     8.76 %
                                             
    * Core deposits are defined as total deposits less time deposits and brokered deposits.
    Reconciliation of GAAP and Non-GAAP Financial Measures
    (UNAUDITED)
     
        Three Months Ended March 31,
    (Dollars in Thousands, Except Per Share Data, Unaudited)     2025       2024  
    GAAP net income   $ 7,367     $ 3,808  
    Net securities (gains) losses, net of tax     (254 )     26  
    Merger expenses, net of tax     948       —  
    Non-GAAP core earnings   $ 8,061     $ 3,834  
             
        Three Months Ended March 31,
          2025       2024  
    Return on average assets (ROA)     1.31 %     0.69 %
    Net securities (gains) losses, net of tax   (0.04 )%     — %
    Merger expenses, net of tax     0.16 %     — %
    Non-GAAP core ROA     1.43 %     0.69 %
             
        Three Months Ended March 31,
          2025       2024  
    Return on average equity (ROE)     14.76 %     8.03 %
    Net securities (gains) losses, net of tax   (0.51 )%     0.06 %
    Merger expenses, net of tax     1.90 %     — %
    Non-GAAP core ROE     16.15 %     8.09 %
             
        Three Months Ended March 31,
          2025       2024  
    Basic earnings per share (EPS)   $ 0.97     $ 0.51  
    Net securities (gains) losses, net of tax     (0.03 )     —  
    Merger expenses, net of tax     0.12       —  
    Non-GAAP basic core EPS   $ 1.06     $ 0.51  
         
        Three Months Ended March 31,
          2025       2024  
    Diluted EPS   $ 0.95     $ 0.51  
    Net securities (gains) losses, net of tax     (0.03 )     —  
    Merger expenses, net of tax     0.12       —  
    Non-GAAP diluted core EPS   $ 1.04     $ 0.51  
    (Dollars in Thousands, Except Share and Per Share Data, Unaudited)   Quarter Ended
        3/31/2025   12/31/2024   9/30/2024   6/30/2024   3/31/2024
    Total shareholders’ equity   $ 212,023     $ 205,231     $ 203,694     $ 197,087     $ 193,517  
    Goodwill     (16,450 )     (16,450 )     (16,450 )     (16,450 )     (16,450 )
    Intangibles     (82 )     (107 )     (133 )     (158 )     (184 )
    Tangible shareholders’ equity   $ 195,491     $ 188,674     $ 187,111     $ 180,479     $ 176,883  
                         
    Shares outstanding     7,614,214       7,556,743       7,554,488       7,541,474       7,525,372  
                         
    Book value per share   $ 27.85     $ 27.16     $ 26.96     $ 26.13     $ 25.72  
    Tangible book value per share (Non-GAAP)   $ 25.67     $ 24.97     $ 24.77     $ 23.93     $ 23.50  

    The MIL Network –

    April 26, 2025
  • MIL-OSI: Federal Home Loan Bank of Des Moines Announces First Quarter 2025 Financial Results, Declares Dividend

    Source: GlobeNewswire (MIL-OSI)

    DES MOINES, Iowa, April 25, 2025 (GLOBE NEWSWIRE) —

    First Quarter 2025 Highlights

    • Net income of $205 million
    • Affordable Housing Program (AHP) assessments of $23 million
    • Voluntary community and housing contributions of $12 million
    • Advances totaled $93.8 billion
    • Mortgage loans held for portfolio, net totaled $12.3 billion
    • Letters of credit totaled $19.2 billion
    • Retained earnings totaled $3.6 billion

    Dividend

    The Board of Directors approved a first quarter 2025 dividend to be paid at an annualized rate of 9.75% on average activity-based stock and 6.00% on average membership stock, unchanged from the prior quarter. The Federal Home Loan Bank of Des Moines (the Bank) expects to make dividend payments totaling $135 million on May 13, 2025.

    Liquidity Mission

    The Bank provides liquidity to its members to support the housing, business, and economic development needs of the communities they serve. Members pledge collateral to access our core liquidity products of advances, letters of credit, and purchased mortgage loans under the Mortgage Partnership Finance® Program. During the first quarter of 2025, advance balances averaged $100.2 billion, and purchased mortgage loan balances averaged $12.0 billion. The liquidity provided through these products allows our members to:

    • meet mortgage and other loan demand in their communities when deposits alone are insufficient;
    • originate mortgage loans without holding them on their balance sheet; and
    • reduce interest rate risk by structuring advances to match their assets.

    In addition, the Bank provides a reliable source of contingent liquidity for its members. During the first quarter of 2025, the Bank held an average of $27.9 billion of short-term assets as a source of liquidity for this purpose.

    Affordable Housing and Community Impact

    The Bank’s housing and community development programs are central to its mission by providing reliable liquidity and funding to help its members build strong communities and support their housing affordability needs. The Bank contributes 10% of its net income each year to its AHP, a grant program that supports the creation, preservation, or purchase of affordable housing. This program includes a competitive AHP and two down payment assistance products called Home$tart and the Native American Homeownership Initiative. During the first quarter of 2025, the Bank accrued statutory AHP assessments of $23 million and voluntarily accrued $1 million, to be awarded in 2026 through this program.

    In addition to its AHP, the Bank offers its members voluntary programs to further its housing mission. During the first quarter of 2025, the Bank recorded a total of $12 million in voluntary community and housing contributions, including the voluntary AHP contribution. Through its voluntary programs, the Bank:

    • provided $18 million in 0% rate advances to members that originated or purchased mortgage loans from a Habitat for Humanity® affiliate and recorded $4 million in subsidy expense;
    • funded $14 million of loans with an interest rate lower than the current market rate under the Mortgage Rate Relief program, which provided $1 million in grants to those seeking affordable homeownership; and
    • recorded a $6 million contribution to its Member Impact Fund to match member donations to local housing and community development organizations during the first quarter of 2025.

    Financial Results Discussion

    Net Income – For the three months ended March 31, 2025, the Bank recorded net income of $205 million compared to $274 million for the same period in 2024.

    Net Interest Income – For the three months ended March 31, 2025, the Bank recorded net interest income of $248 million, a decrease of $101 million when compared to the same period in 2024. The decrease was due to the yield on interest-earning assets declining at a quicker pace than the cost of interest-bearing liabilities driven by a decline in longer-term advances, decreases in market value adjustments on the Bank’s fair value hedge relationships, and changes in interest rates, which also reduced earnings on invested capital.

    Net Interest Spread and Margin – Net interest spread and margin were 0.32 percent and 0.59 percent for the three months ended March 31, 2025, decreases of 0.11 percent and 0.15 percent when compared to the same period in 2024. The declines in net interest spread and margin were driven by the decrease in net interest income discussed above. The Bank’s cost of funds does not include net interest settlements on economic hedges, which are recorded in other income (loss). As a result, net interest spread and margin do not reflect the full impact of the Bank’s funding and hedging strategies and may experience volatility as interest rates change.

    Other Income (Loss) – For the three months ended March 31, 2025, the Bank recorded other income of $41 million, an increase of $37 million when compared to the same period in 2024, primarily due to the net changes in fair value on the Bank’s trading securities, fair value option instruments, and economic derivatives.

    Other Expense – For the three months ended March 31, 2025, the Bank recorded other expense of $61 million, an increase of $11 million when compared to the same period in 2024, primarily driven by an increase in voluntary community and housing contributions of $12 million.

    Assets – The Bank’s total assets increased to $167.5 billion at March 31, 2025, from $165.3 billion at December 31, 2024, driven primarily by an increase in investments, offset in part by a decline in advances. Investments increased primarily due to an increase in short-term investments, mainly federal funds sold and securities purchased under agreements to resell, as well as the purchase of agency mortgage-backed securities. Advances decreased $6.2 billion due mainly to a decline in borrowings by depository institution members, offset in part by an increase in borrowings by insurance companies.

    Capital – Total capital decreased to $9.3 billion at March 31, 2025, from $9.5 billion at December 31, 2024, primarily due to a decrease in activity-based capital stock resulting from a decline in advance balances.

    Federal Home Loan Bank of Des Moines
    Financial Highlights
    (preliminary and unaudited)
    Dollars in millions
    Selected Balance Sheet Items March 31,
    2025
      December 31,
    2024
    Advances $ 93,790     $ 99,951  
    Investments   60,775       52,032  
    Mortgage loans held for portfolio, net   12,263       11,896  
    Total assets   167,471       165,253  
    Consolidated obligations   155,838       153,251  
    Capital stock – Class B putable   5,730       5,989  
    Retained earnings   3,558       3,491  
    Total capital   9,329       9,451  
    Total regulatory capital1   9,297       9,489  
    Regulatory capital ratio   5.55 %     5.74 %
    1        Total regulatory capital includes capital stock, mandatorily redeemable capital stock, and retained earnings. The regulatory capital ratio is calculated as regulatory capital as a percentage of period end assets.
      For the Three Months Ended
      March 31,
    Operating Results   2025       2024  
    Net interest income $ 248     $ 349  
    Provision (reversal) for credit losses on mortgage loans   —       (1 )
    Other income (loss)   41       4  
    Other expense   61       50  
    Affordable Housing Program assessments   23       30  
    Net income $ 205     $ 274  
    Performance Ratios      
    Net interest spread   0.32 %     0.43 %
    Net interest margin   0.59       0.74  
    Return on average equity (annualized)   8.56       11.36  
    Return on average assets (annualized)   0.48       0.57  
                   

    The financial results reported in this earnings release for the first quarter of 2025 are preliminary until the Bank announces unaudited financial results in its First Quarter 2025 Form 10-Q filed with the Securities and Exchange Commission, expected to be available next month at www.fhlbdm.com and www.sec.gov.

    The Bank is a member-owned cooperative whose mission is to be a reliable provider of funding, liquidity, and services for its members so that they can meet the housing, business, and economic development needs of the communities they serve. The Bank is wholly owned by nearly 1,250 members, including commercial banks, savings institutions, credit unions, insurance companies, and community development financial institutions. The Bank serves Alaska, Hawaii, Idaho, Iowa, Minnesota, Missouri, Montana, North Dakota, Oregon, South Dakota, Utah, Washington, Wyoming, and the U.S. Pacific territories of American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. The Bank is one of 11 regional banks that make up the Federal Home Loan Bank System.

    Statements contained in this announcement, including statements describing the objectives, projections, estimates, or future predictions in the Bank’s operations, may be forward-looking statements. These statements may be identified by the use of forward-looking terminology, such as believes, projects, expects, anticipates, estimates, intends, strategy, plan, could, should, may, and will or their negatives or other variations on these terms. By their nature, forward-looking statements involve risk or uncertainty, and actual results could differ materially from those expressed or implied or could affect the extent to which a particular objective, projection, estimate, or prediction is realized. As a result, you are cautioned not to place undue reliance on such statements. A detailed discussion of the more important risks and uncertainties that could cause actual results and events to differ from such forward-looking statements can be found in the “Risk Factors” section of the Bank’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the SEC. These forward-looking statements apply only as of the date they are made, and the Bank undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

    Contact: Amber Pringnitz
    515.412.2306
    apringnitz@fhlbdm.com

    The MIL Network –

    April 26, 2025
  • MIL-OSI: SiriusPoint Welcomes AM Best Outlook Revision to ‘Positive’ from ‘Stable’

    Source: GlobeNewswire (MIL-OSI)

    HAMILTON, Bermuda, April 25, 2025 (GLOBE NEWSWIRE) — AM Best has revised the outlook of the rated operating subsidiaries of SiriusPoint Ltd (“SiriusPoint” or “the Company”) (Bermuda) [NYSE: SPNT] to Positive from Stable, citing the Company’s “very strong balance sheet”.

    AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of SiriusPoint’s rated operating subsidiaries. Additionally, the rating agency has affirmed the Long-Term ICR of “bbb-” (Good) of SiriusPoint.

    AM Best said the revision of the outlook to Positive from Stable reflects SiriusPoint’s improved balance sheet strength following actions taken by management including the derisking of the investment portfolio, reduction in catastrophe exposure, and the recent buy-back of shares and warrants previously held by CM Bermuda Ltd.

    “This outlook revision is a reflection of our journey towards stability, underwriting profitability, and becoming a best-in-class insurer and reinsurer,” said Scott Egan, Chief Executive Officer of SiriusPoint. “This is further recognition of SiriusPoint’s achievements and the work we have done to reshape our future. I am proud of the team at SiriusPoint who have worked with dedication and commitment to improve our company profile, balance sheet strength, and underwriting performance.”

    In a press release issued today, AM Best said: “The ratings reflect SiriusPoint’s consolidated balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.”

    The rating agency added: “AM Best expects that the group will maintain its risk-adjusted capitalization comfortably at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), supported by prudent capital management, effective underwriting exposure management and positive operating results.”

    The financial strength rating of A- (Excellent) and the Long-Term ICRs of “a-” (Excellent) have been affirmed with the outlooks revised to positive from stable for the following subsidiaries of SiriusPoint:

    • SiriusPoint America Insurance Company
    • SiriusPoint Bermuda Insurance Company Ltd.
    • SiriusPoint International Insurance Corporation (publ)
    • SiriusPoint Specialty Insurance Corporation

    AM Best’s revised outlook for SiriusPoint comes just one month after Fitch Ratings announced it had affirmed the ratings of SiriusPoint, including its Long-Term Issuer Default Rating at ‘BBB’, its senior debt rating at ‘BBB-‘ and its Insurer Financial Strength (IFS) rating at ‘A-‘ (Strong) of SiriusPoint’s subsidiaries. It has also revised the Company’s Outlook to Positive from Stable.

    Click here for full details in AM Best’s press release.

    Contacts

    Investor Relations
    Liam Blackledge, SiriusPoint
    Liam.Blackledge@siriuspt.com
    +44 203 772 3082

    Media
    Sarah Hills, Rein4ce
    sarah.hills@rein4ce.co.uk
    +44 7718 882011

    About SiriusPoint

    SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators within our Insurance & Services segment. With over $2.6 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody’s.

    FORWARD-LOOKING STATEMENTS

    We make statements in this press release that are forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include, but are not limited to, the impact of general economic conditions and conditions affecting the insurance and reinsurance industry; the adequacy of our reserves; fluctuation in the results of operations; pandemic or other catastrophic event; uncertainty of success in investing in early-stage companies, such as the risk of loss of an initial investment, highly variable returns on investments, delay in receiving return on investment and difficulty in liquidating the investment; our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market and investment income fluctuations; trends in insured and paid losses; regulatory and legal uncertainties; and other risk factors described in SiriusPoint’s Annual Report on Form 10-K for the period ended December 31, 2024.

    Except as required by applicable law or regulation, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events, or other circumstances after the date of this press release.

    The MIL Network –

    April 26, 2025
  • MIL-OSI USA: Maryland Man Indicted for Conspiring to Provide Material Support to Armed Separatist Fighters to Murder, Kidnap, and Maim Individuals in Cameroon and For Making Threats

    Source: US State of North Dakota

    A federal grand jury in Baltimore returned an indictment yesterday charging a Cameroonian national, Eric Tataw, also known as “the Garri Master,” 38, of Gaithersburg, Maryland, with conspiring to provide material support to armed separatist militias in Cameroon and threatening violence against Cameroonian civilians. He surrendered and will make his initial court appearance before U.S. Magistrate Judge J. Mark Coulson today.

    According to court documents, multiple armed and violent secessionist groups in the Northwest and Southwest regions of Cameroon are fighting to form a new country called “Ambazonia.” The armed separatist militias sought to achieve secession by not only attacking the Cameroonian military, but also intentionally attacking the civilian population in Cameroon in an attempt to force the Cameroonian government into allowing these regions to secede. These separatist fighters are frequently referred to as “Amba Boys.”

    “The defendant is alleged to have ordered horrific acts of violence, including severing limbs, against Cameroonian civilians in support of a violent secessionist movement,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “This indictment represents the Justice Department’s commitment to hold accountable human rights violators who direct brutal political violence and fundraise for armed militias from the comfort of the United States.”

    “The Justice Department will not tolerate those who help murder, maim, and kidnap,” said Sue J. Bai, Head of the Justice Department’s National Security Division. “We will continue to hold accountable those who aim to turn American soil into a staging ground for political violence abroad.”

    “Tataw and his co-conspirators masterminded and financially supported a vicious scheme to overthrow a foreign government. They resorted to an unthinkable level of violence while instilling fear in innocent victims to advance their political agenda,” said U.S. Attorney Kelly O. Hayes for the District of Maryland. “We, along with our law enforcement partners, are committed to relentlessly pursuing anyone who attempts to inflict mayhem on others. Tataw and his co-conspirators demonstrated a total disregard for human life so now they must pay the price.”

    As alleged in the indictment, Tataw was a citizen of Cameroon living in Maryland and was a member of the Cameroonian diaspora with a large social media following. Beginning in April 2018, Tataw and others sought to raise funds for the Amba Boys to finance violent attacks in Cameroon. Tataw also allegedly called for the murder, kidnapping, and maiming of civilians and the destruction of public, educational, and cultural property in Cameroon. Tataw and his co-conspirators allegedly directed the maiming of Cameroonian civilians by severing their limbs, a practice Tataw called “Garriing.” Tataw allegedly used the phrase “small Garri” to refer to removing fingers or other small appendages and the phrase “large Garri” to refer to removing large limbs or killing people. Additionally, Tataw allegedly referred to himself as the “Garri Master,” or master of mutilation.

    Tataw and his co-conspirators allegedly targeted those believed to be working for or collaborating with the government, including municipal officials, traditional chiefs, and employees of the Cameroon Development Corporation (CDC), a public company that grew, processed, and sold bananas, palm oil, and rubber. As alleged, Tataw personally wrote hundreds of social media posts on Facebook, YouTube, and Twitter calling for attacks against Cameroonian civilians, seeking to raise funds to arm Amba Boys, and threatening those he viewed as cooperating with the government of Cameroon. These social media posts were regularly viewed by tens of thousands of people, including Amba Boys and their leaders, and were often further disseminated by third parties allegedly acting at Tataw’s direction or encouragement.

    Tataw is charged with one count of conspiracy to provide material support and four counts of interstate communication of a threat to harm. If convicted, he faces a maximum penalty of 15 years in prison on the material support count and five years in prison on each count of communication of a threat to harm. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Matthew R. Galeotti, Head of the Justice Department’s Criminal Division; Sue J. Bai, Head of the Justice Department’s National Security Division; U.S. Attorney Kelly O. Hayes for the District of Maryland; and Special Agent in Charge Michael McCarthy of U.S. Immigration and Customs Enforcement Homeland Security Investigations (ICE HSI) Maryland made the announcement.

    HSI and the U.S. Department of State’s Diplomatic Security Service, with assistance from the FBI, are investigating the case.

    Trial Attorney Chelsea Schinnour of the Criminal Division’s Human Rights and Special Prosecutions Section, Assistant U.S. Attorney Christina Hoffman and Joseph Wenner for the District of Maryland, and Trial Attorneys Michael Dittoe and Andrew Briggs of the National Security Division’s Counterterrorism Section are prosecuting the case, with assistance from the Justice Department’s Office of International Affairs.

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

    MIL OSI USA News –

    April 26, 2025
  • MIL-OSI Security: Maryland Man Indicted for Conspiring to Provide Material Support to Armed Separatist Fighters to Murder, Kidnap, and Maim Individuals in Cameroon and For Making Threats

    Source: United States Attorneys General 13

    A federal grand jury in Baltimore returned an indictment yesterday charging a Cameroonian national, Eric Tataw, also known as “the Garri Master,” 38, of Gaithersburg, Maryland, with conspiring to provide material support to armed separatist militias in Cameroon and threatening violence against Cameroonian civilians. He surrendered and will make his initial court appearance before U.S. Magistrate Judge J. Mark Coulson today.

    According to court documents, multiple armed and violent secessionist groups in the Northwest and Southwest regions of Cameroon are fighting to form a new country called “Ambazonia.” The armed separatist militias sought to achieve secession by not only attacking the Cameroonian military, but also intentionally attacking the civilian population in Cameroon in an attempt to force the Cameroonian government into allowing these regions to secede. These separatist fighters are frequently referred to as “Amba Boys.”

    “The defendant is alleged to have ordered horrific acts of violence, including severing limbs, against Cameroonian civilians in support of a violent secessionist movement,” said Matthew R. Galeotti, Head of the Justice Department’s Criminal Division. “This indictment represents the Justice Department’s commitment to hold accountable human rights violators who direct brutal political violence and fundraise for armed militias from the comfort of the United States.”

    “The Justice Department will not tolerate those who help murder, maim, and kidnap,” said Sue J. Bai, Head of the Justice Department’s National Security Division. “We will continue to hold accountable those who aim to turn American soil into a staging ground for political violence abroad.”

    “Tataw and his co-conspirators masterminded and financially supported a vicious scheme to overthrow a foreign government. They resorted to an unthinkable level of violence while instilling fear in innocent victims to advance their political agenda,” said U.S. Attorney Kelly O. Hayes for the District of Maryland. “We, along with our law enforcement partners, are committed to relentlessly pursuing anyone who attempts to inflict mayhem on others. Tataw and his co-conspirators demonstrated a total disregard for human life so now they must pay the price.”

    As alleged in the indictment, Tataw was a citizen of Cameroon living in Maryland and was a member of the Cameroonian diaspora with a large social media following. Beginning in April 2018, Tataw and others sought to raise funds for the Amba Boys to finance violent attacks in Cameroon. Tataw also allegedly called for the murder, kidnapping, and maiming of civilians and the destruction of public, educational, and cultural property in Cameroon. Tataw and his co-conspirators allegedly directed the maiming of Cameroonian civilians by severing their limbs, a practice Tataw called “Garriing.” Tataw allegedly used the phrase “small Garri” to refer to removing fingers or other small appendages and the phrase “large Garri” to refer to removing large limbs or killing people. Additionally, Tataw allegedly referred to himself as the “Garri Master,” or master of mutilation.

    Tataw and his co-conspirators allegedly targeted those believed to be working for or collaborating with the government, including municipal officials, traditional chiefs, and employees of the Cameroon Development Corporation (CDC), a public company that grew, processed, and sold bananas, palm oil, and rubber. As alleged, Tataw personally wrote hundreds of social media posts on Facebook, YouTube, and Twitter calling for attacks against Cameroonian civilians, seeking to raise funds to arm Amba Boys, and threatening those he viewed as cooperating with the government of Cameroon. These social media posts were regularly viewed by tens of thousands of people, including Amba Boys and their leaders, and were often further disseminated by third parties allegedly acting at Tataw’s direction or encouragement.

    Tataw is charged with one count of conspiracy to provide material support and four counts of interstate communication of a threat to harm. If convicted, he faces a maximum penalty of 15 years in prison on the material support count and five years in prison on each count of communication of a threat to harm. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Matthew R. Galeotti, Head of the Justice Department’s Criminal Division; Sue J. Bai, Head of the Justice Department’s National Security Division; U.S. Attorney Kelly O. Hayes for the District of Maryland; and Special Agent in Charge Michael McCarthy of U.S. Immigration and Customs Enforcement Homeland Security Investigations (ICE HSI) Maryland made the announcement.

    HSI and the U.S. Department of State’s Diplomatic Security Service, with assistance from the FBI, are investigating the case.

    Trial Attorney Chelsea Schinnour of the Criminal Division’s Human Rights and Special Prosecutions Section, Assistant U.S. Attorney Christina Hoffman and Joseph Wenner for the District of Maryland, and Trial Attorneys Michael Dittoe and Andrew Briggs of the National Security Division’s Counterterrorism Section are prosecuting the case, with assistance from the Justice Department’s Office of International Affairs.

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

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI Security: Hardin Man Sentenced to Three Years in Prison for Using a Phone to Promote Prostitution with a Minor

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

    BILLINGS – A Hardin man who promoted prostitution with a minor was sentenced today to 36 months in prison to be followed by 3 years of supervised release, U.S. Attorney Kurt Alme said.

    William Serges Joseph, 75, pleaded guilty in November 2024 to use of facility in interstate commerce in aid of racketeering.

    U.S. District Judge Susan Watters presided.

    The government alleged in court documents that in March 2023, Jane Doe, a juvenile female, disclosed to law enforcement that, commencing in approximately September 2022, she began showing her breasts to the Joseph. The two messaged each other on Facebook and Joseph was aware of she was a juvenile. Jane Doe said she allowed Joseph to touch her in exchange for alcohol and he also asked her for naked pictures.

    Jane Doe was interviewed again in June 2023. She added that Joseph continued to message her and offered her $50 for sexual contact. A review of her cell phone reflected, among other communications, a February 2023 message from Joseph with a picture of male genitalia. Joseph was interviewed in February 2024. He admitted providing alcohol to Jane Doe in exchange for pictures of her breasts. At the time of the offense, prostitution was illegal under the laws of Montana and Sex Trafficking was illegal under the laws of the United States.

    The U.S. Attorney’s Office prosecuted the case, and the investigation was conducted by the FBI.

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

    XXX

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI Security: Pontiac Man Pleads Guilty in $4 Million Identity Theft and Unemployment Fraud Case

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

    DETROIT – A Pontiac man has pleaded guilty to committing aggravated identity theft and wire fraud as part of large-scale, multi-state Unemployment Insurance benefit fraud scheme in which he and co-conspirators fraudulently obtained debit cards loaded with more than $4 million in Pandemic Unemployment Assistance funds, Acting United States Attorney Julie A. Beck announced today.

    Joining in the announcement were Megan Howell, Acting Special Agent-in-Charge, Chicago Region, U.S. Department of Labor, Office of Inspector General, Special Agent-in-Charge Cheyvoryea Gibson, Federal Bureau of Investigation, Detroit Division, Charles Miller, Special Agent-in-Charge, Internal Revenue Service – Criminal Investigations, Douglas Zloto, Special Agent-in-Charge, U.S. Secret Service, Sean McStravick, Acting Inspector-in-Charge, U.S. Postal Service, Office of Inspector General, and Director Jason Palmer, State of Michigan Unemployment Insurance Agency.

    Terrance Calhoun, Jr., 36, of Pontiac, Michigan, pleaded guilty to committing aggravated identity theft, wire fraud, conspiracy to commit wire fraud, and to possessing 15 or more unauthorized access devices, all in relation to acts of unemployment insurance fraud.

    According to his plea agreement, Calhoun Jr., and others, used stolen personal identification and filed hundreds of false unemployment claims with state unemployment insurance agencies in Michigan, Arizona, and Maryland over a six-month period in the names of other individuals without their knowledge or consent. Those false claims resulted in hundreds of debit cards loaded with over $4 million in unemployment insurance funds being mailed to addresses controlled by Calhoun Jr. and his co-conspirators. Roughly $1.6 million dollars in purchases and cash withdrawals were then successfully made from the cards.

    As described within a prior complaint, when agents executed search warrants at the principal mailing addresses used for the fraudulent unemployment insurance benefit claims, including the residence of Calhoun Jr., agents seized numerous documents containing the personal identification information of other individuals, multiple debit cards in the names of numerous other individuals, and firearms.

    Calhoun now faces a possible sentence of up to 20-years’ imprisonment for each of the wire fraud counts to which he has pleaded guilty, a possible sentence of up to 10-years’ imprisonment for possessing 15 or more unauthorized access devices, and a mandatorily consecutive 2-year sentence for the aggravated identity theft charge to which he has pleaded guilty.

    Sentencing is set for August 27, 2025 before United States District Court Judge Judith E. Levy.

    “Taxpayer money diverted into the pockets of criminals means less money going to Michiganders who actually need help getting through difficult financial times and who follow the rules when seeking assistance,” said Acting US Attorney Beck.  “These charges reflect our office’s ongoing commitment to the community by investigating such schemes and bringing those who commit these crimes to justice.”

    “Terrance Calhoun Jr and his co-conspirators engaged in a scheme to defraud state workforce agencies in Michigan, Arizona, and Maryland by filing hundreds of fraudulent unemployment insurance (UI) claims.  As a result, Calhoun enriched himself by stealing taxpayer resources intended for unemployed American workers.  We will continue to work with our law enforcement partners to protect the integrity of the UI program from those who seek to exploit it,” said Megan Howell, Acting Special Agent-in-Charge, Great Lakes Region, U.S. Department of Labor, Office of Inspector General.

    “Individuals who commit identity theft and unemployment insurance fraud of this magnitude deserve to be punished to the fullest extent of the law,” said Charles Miller, Special Agent in Charge, Detroit Field Office, IRS Criminal Investigation (IRS-CI).  “Terrance Calhoun, Jr. and Jermaine Arnett demonstrated a blatant disregard of the integrity of the multiple states’ unemployment insurance systems and caused immeasurable hardship to innocent victims. IRS-CI remains committed to the pursuit of identity theft and financial fraud, and together with our partners at the U.S. Attorney’s Office, we will hold those who engage in similar crimes accountable.”

    “The FBI in Michigan, alongside our law enforcement partners, remains steadfast in protecting the community and investigating individuals who violate federal law,” said Cheyvoryea Gibson, Special Agent in Charge of the FBI Detroit Field Office. “Today’s guilty plea by Terrance Calhoun, whose involvement in a multi-state fraud scheme, is a clear reminder that bad actors will be stopped, and we will ensure integrity will prevail.”

    The case was jointly investigated by agents from the Department of Labor Office of the Inspector General, the Internal Revenue Service – Criminal Investigations Division, the Federal Bureau of Investigation, the Bureau of Immigration and Customs Enforcement, the United States Secret Service, the United States Postal Service Office of the Inspector General, and the State of Michigan -Unemployment Insurance Agency. The case is being prosecuted by Assistant United States Attorneys Carl D. Gilmer-Hill and Jessica A. Nathan.

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI Security: Guatemalan Man Sentenced to Federal Prison for Conspiring to Distribute Methamphetamine in Dubuque, Iowa

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

    A Guatemalan man who conspired to distribute methamphetamine was sentenced today to more than 12 years in federal prison.  Jose Eleazar Aceves‑Garcia, age 30, from Guatemala, received the prison term after a November 20, 2024 guilty plea to conspiracy to distribute at least 500 grams of a mixture or substance containing a detectable amount of methamphetamine and 50 grams of actual (pure) methamphetamine.

    In a plea agreement, Aceves-Garcia admitted that between January 2019 and January 2022, he distributed at least 400 pounds of ice methamphetamine to a co‑conspirator in the Dubuque area.  His fingerprints were on two packages, which contained a total of more than seven pounds of ice methamphetamine, that he mailed to the co-conspirator in Dubuque.  Aceves-Garcia also distributed a kilogram of heroin to the co-conspirator.

    Aceves-Garcia was sentenced in Cedar Rapids by United States District Court Chief Judge C.J. Williams.  Aceves-Garcia was sentenced to 151 months’ imprisonment and must serve a 5-year term of supervised release after the prison term.  There is no parole in the federal system.  Aceves-Garcia is being held in the United States Marshal’s custody until he can be transported to a federal prison.

    The case was prosecuted by Assistant United States Attorney Devra T. Hake and was investigated by the Dubuque Drug Task Force, Dubuque County Sheriff’s Office, Dubuque Police Department, Quad City Metropolitan Enforcement Group, Federal Bureau of Investigation, Drug Enforcement Administration, United States Postal Inspection Service, and the Iowa Division of Criminal Investigation Criminalistics Laboratory.

    Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl.  The case file number is 23-CR-1022.  Follow us on X @USAO_NDIA.

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI Security: Iowa Man Arrested on Federal Stalking Charge

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

    DES MOINES, Iowa – A Nevada, Iowa man made his initial appearance before a United States Magistrate Judge in the United States District Court for the Southern District of Iowa today.

    According to allegations in the criminal complaint, between January and April 2025, Tanner Dean Bandy, 28, engaged in a pattern of threatening conduct against a former romantic partner through text messages and voicemails. Two days prior to his arrest, on April 17, 2025, Bandy left a voicemail message discussing his intention to conduct a mass shooting at an Iowa State University commencement ceremony. On April 17, 2025, law enforcement searched Bandy’s residence and vehicle and located two firearms and ammunition. Bandy will remain detained in federal custody pending further proceedings.

    United States Attorney Richard D. Westphal of the Southern District of Iowa made the announcement. The Federal Bureau of Investigations, Iowa State University Police Department, and Story County Sheriff’s Office are investigating this case.

    A criminal complaint is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

    April 26, 2025
  • MIL-OSI USA: $15M Awarded in Grants for Resilient Reforestation

    Source: US State of New York

    overnor Kathy Hochul today celebrated Arbor Day 2025 by announcing $15 million in grant awards through New York State’s new Community Reforestation (CoRe) program. Sixteen of the funded projects will establish and expand resilient forests in and near New York’s urban communities, contributing to the 2024 State of the State “25 Million Trees Initiative” launched by Governor Hochul to recognize the importance of trees and forests for climate resiliency and community health.

    “Resilient urban forests support community health, well-being and sustainability,” Governor Hochul said. “I’m celebrating Arbor Day 2025 by awarding $15 million in new grants to support projects across the State that will bring the countless ecological and economic benefits of trees to urban areas.”

    Trees in urban areas help reduce high temperatures created by the urban heat island effect. CoRe-funded projects are predominantly located in communities with high heat vulnerability. Studies show that forested natural areas can be as much as 10 degrees Fahrenheit cooler than under the shade of a street tree just a few hundred feet away. The Department of Environmental Conservation (DEC) administers the new CoRe grant program, which supports the State’s efforts to plant 25 million trees by 2033.

    New York State Department of Environmental Conservation Acting Commissioner Amanda Lefton said, “The CoRe grant-funded projects announced today will help make New York’s communities cooler — expanding forest canopies, improving forest health, and moderating temperatures, all while engaging New Yorkers at the local, regional, and watershed levels. In addition to significant climate benefits, trees enhance biodiversity and improve overall community health and well-being for residents statewide.”

    All CoRe-funded projects will record tree planting input into DEC’s Tree Tracker, the GIS tool available for the public to upload every tree planted in New York State. Every New Yorker that uploads a tree planting to the Tree Tracker in the months of April and May 2025 will be automatically entered in a 25 Million Trees sweepstakes for a chance to win a year-long subscription to The Conservationist magazine and 25 Million Trees swag.

    DEC is awarding more than $7.4 million to municipalities, particularly to restore woodlands in public parks. Invasive species removal and expansion of native forests in these open spaces intends to enhance the ecosystem services provided to local residents, particularly enhanced canopy that provides shade and recreational opportunities.

    A total of $5.3 million is awarded to not-for-profit organizations for a variety of volunteer-driven projects focused on promoting forest health at the ecosystem-level, from riparian zone enhancement along the Upper Susquehanna watershed to protecting Bronx River ecological health.

    Four projects totaling approximately $1.7 million will be awarded to the State University of New York (SUNY) for reforestation projects on college campuses. Projects will serve as “living labs” for students to research best practices in tree planting, sustainable forest management and ecological monitoring.

    Many projects feature youth engagement and workforce development opportunities in their reforestation efforts. The Natural Areas Conservancy, awarded approximately $3 million for their restoration of parks across the five boroughs, plans to include field technicians as part of the City University of New York (CUNY) fellowship program. The city of Syracuse awarded $2 million to restore forests across the city and establish a resilient “food forest,” will enlist the help of Onondaga Earth Corps crews for plantings using youth volunteers.

    Funding for this round of the CoRe grant program was allocated by the Governor in the FY25 Enacted Budget. In addition to the $15 million allocation for the CoRe grant program, the Governor’s initial commitment to the 25 Million Trees Initiative came with $32 million to modernize the Saratoga Tree Nursery and enhance DEC’s technological capabilities for tracking tree planting and forest management across the state. The initiative is working to invigorate the State’s tree planting efforts by scaling up public-sector tree planting efforts, invigorating the private sector, harnessing technology and engaging the next generation of environmental stewards.

    Community Reforestation (CoRe) Grant Awards

    NEW YORK CITY

    Bronx County

    Bronx River Alliance – $500,000 for Bronx River Forest Restoration

    The Bronx River Alliance will restore riparian forests historically dominated by ash trees along the watershed by planting nearly 2,000 hardwood trees with the help of more than 300 volunteers.

    The New York Botanical Garden – $429,285 for Bronx River Riparian Forest Restoration

    As part of their Bronx River Riparian Forest Restoration Project, the NYBG and partners will enhance six degraded sites across the watershed — two sites on NYBG forestlands, three Westchester County Parks sites and a reservoir site in North Castle.

    New York County

    City of New York – $2,995,707 for NYC Parks Reforestation

    The city will restore canopy gaps in seven parks in four boroughs by planting more than 10,000 trees.

    Natural Areas Conservancy (NAC) Inc. – $2,958,846 for Restoration at Forest Park, Highbridge Park and Prospect Park

    NAC and partners will restore 37 acres of invasive species-dominated, degraded and not-regenerating forests across three parks in New York City.

    MID-HUDSON VALLEY

    Putnam County

    Cornell Cooperative Extension of Putnam County – $300,000 for Tilly Foster Farm Forest Restoration

    Veteran citizen scientists will install a one-acre Miyawaki miniforest at Tilly Foster Farm.

    Ulster County

    City of Kingston – $1,608,947 for Restoration of Kingston Parks

    The city of Kingston will re-establish healthy forests across Kingston’s public parks by planting 8,100 trees across 72 acres in five parks.

    Westchester County

    The Research Foundation for the State of New York – $499,942 for Afforestation at SUNY Purchase

    The college will restore and reforest a three-acre plot on campus, and students will study comparative planting practices across three different sites.

    Village of Irvington – $382,316 for Irvington Woods Restoration

    The village’s community-driven task force will restore degraded forest stands in Irvington Woods, home to the largest remaining wetlands in southern Westchester County.

    Village of Hastings on Hudson – $356,511 for Restoration of Hillside Park Woodlands

    The village will restore Hillside Park’s woodlands to a native forest ecosystem by reforesting degraded stands, planting more than 6,500 trees and implementing protective fencing to prevent deer from browsing in the area.

    CAPITAL REGION

    Columbia County

    Columbia Land Conservancy Inc – $368,426 for High Falls Conservation Area Restoration and Reforestation

    The Columbia Land Conservancy will restore 13 acres of early successional forest in High Falls Park by planting trees, treating invasive species and controlling for deer over-browse.

    CENTRAL NEW YORK

    Onondaga County

    City of Syracuse – $2,080,083 for Forest Stand Restoration

    The city will restore eight degraded forest sites, totaling more than 38 acres, by planting trees in order to contribute to the goal of increasing the city’s tree canopy by seven percent.

    MOHAWK VALLEY

    Schoharie County

    The Research Foundation for the State of New York – $423,092 for SUNY Cobleskill Forest Restoration

    SUNY Cobleskill will create natural areas on campus by planting more than 5,300 trees across five acres of abandoned agricultural land, providing hands-on educational experiences for students.

    NORTH COUNTRY

    St. Lawrence County

    Saint Regis Mohawk Tribe – $498,000 for Forest Conservation Area Restoration

    The Tribe will restore a culturally significant conserved forest where much of the canopy was lost to the Emerald Ash Borer.

    SOUTHERN TIER

    Broome County

    The Research Foundation for the State of New York – $311,841 for Nuthatch Hollow Forest Restoration

    SUNY Binghamton will plant native trees and shrubs across 29 acres at Nuthatch Hollow, restoring regraded forestland while supporting research, education and public engagement.

    Delaware County

    The Research Foundation for the State of New York – $484,910 for SUNY Oneonta Forest Restoration

    SUNY Oneonta will plant more than 9,600 native trees and remove invasive species to enhance carbon sequestration and recreation opportunities on campus, as well as host student internships and service-learning opportunities.

    Tioga County

    Tioga County Soil and Water Conservation District – $802,091 for Upper Susquehanna Coalition Forest Restoration

    The Upper Susquehanna Coalition, in collaboration with Soil and Water Conservation Districts and municipalities, will reforest 71 acres of riparian forests at 48 different sites within the Chesapeake Bay watershed, planting more than 22,000 trees.

    Assemblymember Deborah J. Glick said, “Strengthening urban forestry around the state will not only absorb carbon in our atmosphere and absorb stormwater runoff, but also will bring a greater pastoral sense to even urban environments. I am glad that SUNY will be partnering in several projects so students will receive a valuable learning experience in arboriculture and urban forestry. Whenever we can simultaneously combat climate change and make our communities more beautiful and livable, we ought to do so.”

    Assemblymember George Alvarez said, “I’m proud to celebrate this critical investment in the Bronx’s natural resources through the CoRe grant program. The funding awarded to the Bronx River Alliance and The New York Botanical Garden will help restore our urban forests, improve air quality, and provide cooler, greener spaces for our residents. These projects not only strengthen our local environment but also engage our communities, especially our youth—in building a healthier, more resilient Bronx.”

    Assemblymember Karines Reyes said, “I applaud Governor Hochul and the NYS Department of Environmental Conservation for this vital investment in the Bronx’s habitat and communities. The Borough of Parks’, as it is affectionately-known, is more than worthy of funding to improve the ecological health of our county. The nearly $1 million investment in Bronx-based institutions, like the Bronx River Alliance and The Bronx Zoo, will be well spent in service to keeping our borough’s trees clean and healthy. This investment in our local environment will have positive impacts on health and wellness, as we seek to reverse the disastrous impacts of pollution and the prolonged disinvestment of previous decades.”

    Assemblymember Emérita Torres said, “This is great news for the Bronx. Amid cuts from the current federal administration, it is more important than ever that our state invests in environmental restoration. This reforestation funding provides critical support for our environmental partners in the community, especially for the restoration along the Bronx River. Our communities continue to bear the brunt of long-term disinvestment and pollution. This funding is a step in the right direction.”

    Assemblymember John Zaccaro, Jr. said, “I applaud Governor Hochul for her commitment to expanding, restoring, and creating more forested natural areas to support our urban neighborhoods through the Community Restoration Grant Awards. Communities like those I represent in the Bronx have some of the worst health outcomes in the state and trees are an invaluable tool to bolster community resilience. Every tree that gets planted means a little more fresh air and a little more shade. We’re excited to get started as we work toward the state’s ambitious goal of planting 25 million trees by 2033.”

    Bronx Borough President Vanessa L. Gibson said, “We are grateful to Governor Kathy Hochul for her continued commitment to environmental justice and urban resilience through the launch of the Community Reforestation (CoRe) program and the historic 25 Million Trees Initiative. The Governor`s work on this effort aligns with our Greening the Bronx initiative, with investments that not only plant trees but also plant hope, healing, and long-term health in our communities. Projects such as the Bronx River Riparian Forest Restoration, led by the Bronx River Alliance and NYBG, are powerful examples of what can happen when government, institutions, and local volunteers work together to rebuild natural ecosystems and restore our borough’s green infrastructure. These nearly 2,000 new trees are a win for the Bronx and for improving our environment and our borough`s public health.”

    Manhattan Borough President Mark Levine said, “Urban trees are essential climate infrastructure and help create a greener, healthier, future for New York. These investments in our community through the CoRe program will help keep neighborhoods cooler, protect against the impacts of climate change, and improve mental health. Thank you to Governor Hochul and the Department of Environmental Conservation for celebrating this Arbor Day by investing in urban trees in Manhattan and beyond.”

    Chief Executive Officer and William C. Steere Sr. President of the New York Botanical Garden Jennifer Bernstein said, “The New York Botanical Garden applauds Governor Kathy Hochul for her vision and leadership in creating the inaugural Community Reforestation program. By supporting NYBG’s restoration work in the Bronx River corridor, families and neighbors will experience the benefits of forests for generations to come. Thank you Governor Hochul.”

    Bronx River Alliance Executive Director Siddhartha Sánchez said, “Thank you Governor Hochul for developing new funding opportunities to increase and improve tree canopy coverage in communities like the Bronx. Investing in reforesting dense urban areas benefits communities in numerous ways – mitigating heat island impacts and localized flooding while improving community health by increasing access to nature. These resources provide the Bronx River Alliance with the ability to do targeted reforestation over multiple years in Westchester and the Bronx, making our work more sustainable.”

    To further Governor Hochul’s goal of planting 25 million trees by 2033, the New York Power Authority (NYPA) will begin its Tree Power program 2025 season today. NYPA’s Tree Power program, first established in 1992, helps customers plant native tree varieties to provide wind breaks surrounding buildings, shading that reduces building energy use and removes carbon from the atmosphere. In 2024, the Power Authority planted more than 1,400 trees in 50 communities throughout the state under the program. Since 2016, more than 8,000 trees have been planted under the program, sequestering more than 400 metric tons of carbon emissions.

    NYPA customers that are eligible to participate in the Tree Power program include municipal electric utilities, rural electric cooperatives and State and local government customers, including the State University of New York and the City University of New York. For every tree that a customer purchases, NYPA will offer tree matches up to $5,000 in value. NYPA is accepting orders for the 2025 program through mid-September.

    MIL OSI USA News –

    April 26, 2025
  • MIL-OSI: BexBack Revolutionizes Crypto Trading with 100x Leverage, No KYC, and Exclusive Bonuses

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 25, 2025 (GLOBE NEWSWIRE) — BexBack, a rapidly expanding cryptocurrency derivatives platform, is setting new standards in the crypto trading industry. Since its launch in May 2024, BexBack has attracted over 500,000 registered users worldwide by offering features that appeal to both novice traders and seasoned investors. With its innovative offerings, including 100x leverage, no KYC requirements, and a variety of generous bonuses, BexBack is reshaping the landscape for crypto futures traders.

    100x Leverage: A Game-Changer in Crypto Trading

    At the core of BexBack’s appeal is its powerful 100x leverage, which allows traders to open larger positions with less capital. Whether the market is volatile or stable, this leverage amplifies potential profits, allowing traders to make the most out of even small price movements. This level of leverage can open the door for higher gains—turning an average trade into a potentially lucrative one. For example, with 100x leverage, a $1,000 trade can control $100,000 in value, giving traders the chance to earn massive profits in a fraction of the time.

    No KYC: Trade Anonymously and Efficiently

    Unlike many other platforms, BexBack operates with no KYC (Know Your Customer) requirements, providing a seamless, anonymous trading experience. This unique feature enables users to trade crypto without going through lengthy identity verification processes, making it an ideal choice for those who prefer privacy and simplicity in their trading activities.

    Generous Bonuses for All Users

    BexBack’s bonus structure is designed to maximize trader opportunities:

    1. 100% Deposit Bonus – When users deposit funds, they receive a 100% deposit bonus, which can be used to open larger positions and increase potential profits. This bonus cannot be withdrawn but provides additional margin for traders to mitigate risks and enhance their trading strategies.
    2. $50 Welcome Bonus – New users who complete their first trade (open and close a position) are eligible for a $50 welcome bonus. This bonus can be used to offset losses or to trade further, providing users with the opportunity to get started without worrying about the initial cost of trading.
    3. Affiliate Program – BexBack also offers an affiliate program where users can earn up to 50% of their referrals’ trading fees, providing a passive income stream for active traders and affiliates.

    Key Features and Advantages of BexBack:

    • No Slippage: BexBack guarantees no slippage, meaning that trades are executed at the price you see, regardless of market fluctuations. This is a critical feature for traders who require precision and reliability when executing trades.
    • Global Accessibility: BexBack is available in multiple countries and accepts users from regions including the United States, Canada, and Europe.
    • Comprehensive Trading Tools: The platform offers a variety of tools, including a demo account with 10 BTC and $1,000,000 in virtual funds to help traders familiarize themselves with the platform risk-free.
    • 24/7 Customer Support: BexBack offers round-the-clock customer service to assist users with any questions or issues they may encounter.

    Why Choose BexBack?

    BexBack is designed for traders who are looking to take advantage of high leverage, low fees, and maximum control over their trades. By offering a simple yet powerful platform, along with exceptional customer support and a wide range of financial incentives, BexBack is positioned as a leader in the competitive crypto trading market.

    With its powerful features, commitment to user satisfaction, and constant innovation, BexBack is poised to be the go-to platform for crypto futures trading in 2025 and beyond.

    About BexBack

    BexBack is a cryptocurrency derivatives exchange platform that offers high-leverage crypto futures trading with no KYC requirements. Headquartered in Singapore with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack provides a seamless, anonymous trading experience for its global user base. Trusted by over 500,000 traders worldwide, the platform continues to grow by offering its users attractive bonuses, cutting-edge technology, and low-cost trading solutions.

    For more information about BexBack and to start trading today, visit www.bexback.com.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack. 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/777151c3-1d82-4a51-908c-73307ede7db7

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9f4a280a-211f-4fd4-98c8-151a50d2ac28

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/12713dbb-635d-470b-b7f2-5f9abc76a97c

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/01351182-873c-4e92-9665-3f8d6b048cd5

    The MIL Network –

    April 26, 2025
  • MIL-OSI United Kingdom: Career Insight: Joe, Trainee Solicitor, HMRC

    Source: United Kingdom – Executive Government & Departments

    Case study

    Career Insight: Joe, Trainee Solicitor, HMRC

    Joe provides an insight into his training within HM Revenue & Customs

    I am a fourth seat trainee in HM Revenue & Customs (HMRC) Legal Group’s European and International Law advisory team. The team advises on, drafts and helps negotiate a range of international agreements, including Free-Trade Agreements and Double Taxation Treaties.

    I studied Philosophy and Politics as my undergraduate degree, focussing my studies on human rights and the regulation of transnational enterprises. I suspected that a career in law was the best opportunity to apply these interests in practice; however, as a non-law graduate I was reluctant to immediately volunteer for the expense and stress of two more years of study in the form of the GDL and LPC. So, after graduating, I moved abroad to pursue a career playing and coaching rugby; the COVID-19 pandemic put paid to that ambition but provided me the opportunity to start an online law conversion.

     I applied for the role at HMRC as I thought that first-hand experience of the legislative process and regular precedent-setting litigation would provide a great opportunity to develop my career as a solicitor; but also because the tax arena seemed to offer a lot of variety, encompassing my interests in both public law and commercial questions.

    All trainees start in litigation for their first year; trainee solicitors remain within HMRC, while pupil barristers spend six months seconded to Chambers. My first seat was in VAT litigation, so after three years of intensive study, I arrived at HMRC braced for mountains of paperwork and long days of dense tax calculations. Instead, waiting on my desk were various packets of lentil-based snacks and the deceptively knotty legal question; are these crisps, or at least similar to crisps? I spent the seat thinking about other such questions, like what distinguishes cosmetic surgery from medical care. During this seat, I visited the Supreme Court assisting a senior lawyer and saw my own case feature in national newspapers.

    For my second seat I applied for HMRC’s Enforcement and Illicit Finance litigation Team. The question for this team was less frequently whether someone owes tax, but how HMRC can actually collect it from them. My tasks ranged from advocating on HMRC’s behalf in the Magistrates Court to instructing counsel at fast pace on High Court proceedings, attending the Court of Appeal and working with international law enforcement to seize overseas assets.

     As a trainee you will be given your own cases to run as part of a cross-HMRC case team with tax and policy experts, so you can stretch yourself in an environment surrounded by expert lawyers and tax professionals, who are all very generous with their time. Your role is to co-ordinate this team and ask the right questions to tease the legal arguments out of your clients. In this respect the skills I developed playing team sports were as important as my legal knowledge.  

    In your second year you move into an advisory team. In my first six months I worked on a mix of human rights and technical tax advice as part of the Personal Tax and Welfare team. I drafted my statutory instrument, which was a particular highlight, and fed into a major budget measure. It can feel like a drastic transition from the more adversarial world of litigation, but the training is extensive with HMRC running internal induction courses alongside the wider GLP offering.

    The advisory lawyers cover a wide variety of tasks, with my final seat feeling like an entirely new role.  I didn’t study EU or International Law as part of my law conversion, but having the lawyers who drafted the treaties sat next to you in the office is always a good starting point!

    Whilst the HMRC training contract will be of particular interest for anyone who wants a career in public law, I think it is really important to understand the breadth of the department’s work. There is regular precedent setting litigation with engages questions of employment and commercial law, and advisory teams that span the breadth of civil and criminal practice.

    Updates to this page

    Published 24 April 2025

    MIL OSI United Kingdom –

    April 26, 2025
  • MIL-OSI Asia-Pac: CE promotes HK in Ningbo

    Source: Hong Kong Information Services

    Chief Executive John Lee attended the Hong Kong Investment Promotion Conference – Zhejiang (Ningbo) Forum & Ningbo-Hong Kong Economic Co-operation Forum today in Ningbo, Zhejiang.

    The conference was jointly organised by the Hong Kong Special Administrative Region Government, the Hong Kong Trade Development Council (HKTDC) and the Ningbo Municipal Government.

    Mr Lee led the Hong Kong SAR Government delegation to attend the opening ceremony and related activities today to promote to Mainland enterprises Hong Kong’s unique advantages and dual roles as a platform in going global and attracting foreign investment, fostering investment and co-operation.

    The Zhejiang (Ningbo) forum, with the theme of “Hong Kong, joining hands with Zhejiang and meeting in Ningbo, the channel for more opportunities”, brought together a number of business leaders from various sectors including finance, supply chain, innovation and technology (I&T) and professional services to share their insights on Hong Kong’s advantages and opportunities in different areas and attracted more than 600 participants.

    The concurrent Ningbo-Hong Kong Economic Co-operation Forum has been held alternately in Hong Kong and Ningbo every year since 2002 to facilitate bilateral exchanges and co-operation on economic, trade and investment and has been well received by the business communities of the two places.

    Addressing the opening ceremony, Mr Lee noted that Ningbo in Zhejiang Province is a manufacturing and port hub in the Yangtze River Delta, while Hong Kong is an international financial, trade and shipping centre.

    Both Ningbo and Hong Kong are important gateways in the opening up of the country, with complementary advantages and limitless opportunities for collaboration.

    Hong Kong is the largest source of external investment in Ningbo and more than 1,000 enterprises and institutions from Ningbo have been established in Hong Kong, reflecting the close economic and trade ties between the two places.

    The Chief Executive said that under the “one country, two systems” principle, Hong Kong possesses the unique advantages of having the country’s strong support while maintaining unparalleled connectivity with the world, serving as a “super connector” and “super value-adder”. Hong Kong acts as a two-way springboard for Mainland enterprises to go global and for attracting overseas enterprises.

    He pointed out that despite the US’ bullying and unjustified imposition of tariffs, and the emergence of unilateralism that disrupted the global landscape and geopolitics and posed risks of economic destruction and recession, the country’s immense economic strength and vast market provide certainty for global investors, and a new economic and trade order is taking shape.

    Mr Lee added that Hong Kong will continue to proactively serve Mainland enterprises in going global to explore international markets, and attract overseas enterprises to tap into the Mainland market.

    Members of the Hong Kong SAR Government delegation attending the Conference included Deputy Financial Secretary Michael Wong, Secretary for Commerce & Economic Development Algernon Yau, Director of the Chief Executive’s Office Carol Yip and Under Secretary for Financial Services & the Treasury Joseph Chan.

    In his remarks on promoting Hong Kong’s advantages at a themed promotion activity, Mr Wong said that on finance, Hong Kong is the most trusted international financial safe haven for Mainland enterprises, offering diversified financing channels and financial services for companies to expand their businesses internationally.

    Furthermore, Invest Hong Kong held a signing ceremony of a number of key Zhejiang-Hong Kong and Ningbo-Hong Kong co-operation projects, covering various sectors including finance, technology, transportation, aviation, I&T and consumer goods.

    In the afternoon, the Hong Kong SAR Government, the HKTDC and relevant authorities of the Ningbo Municipal Government jointly organised three special promotion activities on finance, multinational supply chain management centre and I&T to promote investment in Hong Kong.

    Mr Lee and the delegation departed for Hong Kong this afternoon.

    MIL OSI Asia Pacific News –

    April 26, 2025
  • MIL-OSI: Maris-Tech to Unveil Diamond Ultra at DEFEA 2025: Advanced 360° 3D Situational Awareness Platform for AFVs

    Source: GlobeNewswire (MIL-OSI)

    Live Demos of Diamond Ultra and Tactical Edge AI Solutions  at Hall 2, Stand C12

    Rehovot, Israel, April 25, 2025 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”)- based edge computing technology, today announced that it will be participating in the upcoming DEFEA 2025 exhibition, taking place on May 6–8, 2025, at the Metropolitan Expo in Athens, Greece. Maris-Tech will present its latest AI-based edge computing video intelligence solutions at Hall 2, Stand C12, including live demonstrations of its new situational awareness platform, Diamond Ultra.

    Diamond Ultra provides 360° 3D situational awareness and advanced airborne threat protection, integrating up to 11 HD and SD camera inputs. Powered by dual AI acceleration, Diamond Ultra  enables real-time monitoring across all cameras simultaneously, delivering instant alerts on potential threats. Designed for mission-critical environments, Diamond Ultra enhances threat detection and response for urban and open terrain combat, supporting armored fighting vehicles (“AFVs”), observation posts, and various defense and surveillance applications.

    Visitors will see this high-performance platform in action and explore additional solutions like Opal, Coral, and Jupiter Drones. Built to perform in high-risk environments, Maris-Tech’s solutions combine ultra-low latency streaming, AI-powered threat classification, and ruggedized form factors optimized for defense and homeland security (“HLS”) applications.

    “We invite defense professionals to experience our 360° 3D situational awareness platform – Diamond Ultra – first hand, as well as explore our full suite of solutions at our booth,” said Israel Bar, Chief Executive Officer of Maris-Tech. “Our products are designed to deliver mission-critical insights where every second counts, ensuring defense teams are equipped with precise, actionable intelligence.”

    Attendees can book a face-to-face meeting with the Maris-Tech’s team in advance by emailing sales@maris-tech.com.

    About Maris-Tech Ltd.

    Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, HLS, and communication industries. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

    For more information, visit https://www.maris-tech.com/

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, the Company is using forward-looking statements when it is discussing the Company’s presentation and demonstration of its new AI-based platform, Diamond Ultra, and additional solutions like Opal, Coral, and Jupiter Drones at the DEFEA 2025 and future benefits of the Company’s products including mission-critical insights ensuring defense teams are equipped with precise, actionable intelligence. The Company’s actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations:

    Nir Bussy, CFO
    Tel: +972-72-2424022
    Nir@maris-tech.com

    The MIL Network –

    April 26, 2025
  • MIL-OSI: XRP News: Investors Rush Into XenDex Presale As Momentum Builds Across the Ripple Ecosystem

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, April 25, 2025 (GLOBE NEWSWIRE) — The XRP Ledger is heating up, and XenDex is at the center of the storm. As one of the most advanced decentralized finance platforms to launch on XRPL, XenDex is capturing major attention from both retail investors and whales, and its $XDX presale is moving fast.

    Within days of going live, XenDex has already surpassed key early milestones, filling a significant portion of its soft cap and igniting serious interest across the XRP community. As excitement surrounding Ripple’s expanding DeFi capabilities grows, many now view XenDex as the project leading XRP’s transition into full-featured decentralized finance.

    Join $XDX Presale Round

    Why the XenDex Presale Is Gaining Traction

    XenDex is the first cross-chain DEX on the XRP Ledger with AI-powered copy trading, non-custodial lending & borrowing, staking, and DAO governance, all wrapped in a sleek, beginner-friendly user experience.

    Here’s why investors are flocking to XenDex:

    • Cross-Chain Trading – Seamless asset swaps across chains
    • AI Copy Trading – Follow and mimic elite trader strategies in real-time
    • Lending & Borrowing – Borrow and lend your XRP native tokens or XDX tokens to earn rewards
    • Governance – $XDX holders vote on listings, upgrades, and protocol changes
    • Staking & Farming – Earn passive income while providing liquidity to our pool.

    Presale Details

    With early traction accelerating and limited token supply, the window to participate is closing quickly:

    • Token: $XDX
    • Exchange Rate: 1 XRP = 10 XDX
    • Minimum Buy: 150 XRP (1,500 XDX)
    • Soft Cap: 30,000 XRP
    • Presale Link: https://xendex.net/presale

    Tokens will be automatically airdropped after the presale ends.

    XenDex Is More Than Just a DEX — It’s a DeFi Gateway for XRP

    While others are waiting on exchange listings or hoping for market momentum, XenDex is already building and delivering. The platform isn’t just another trading interface, it’s an infrastructure layer for next-gen projects launching on XRPL.

    Buy $XDX Token On Presale

    $XDX token holders get early access to premium opportunities, powered by a smart, secure, AI-integrated exchange.

    Momentum is growing. Listings are coming. And the presale won’t stay open forever.

    Whether you’re an XRP holder, a DeFi enthusiast, or a smart investor looking for the next breakout project — this is your moment.

    Follow Us Below:

    Website: https://xendex.net
    Presale: https://xendex.net/presale
    Telegram: https://t.me/xendexcommunity
    Twitter/X: https://x.com/xendex_xrp
    Docs: https://xdxdocs.gitbook.io

    Contact:
    Frank Richards
    Frank@xendex.net

    Disclaimer: This is a paid post provided by XenDex. 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/42ea91e1-bade-4267-a658-565872e57372

    The MIL Network –

    April 26, 2025
  • MIL-OSI: BloFin Launches Mastercard Crypto Card Enabling Secure and Effortless Payments

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, April 25, 2025 (GLOBE NEWSWIRE) — BloFin, a global leading cryptocurrency exchange, is proud to announce the official launch of the BloFin Card. The BloFin Card, now available as a virtual offering, enables select users to integrate digital assets into global online payment scenarios. It is accessible via both web and mobile platforms within the BloFin ecosystem.

    BloFin Launches the BloFin Card — Bringing Crypto into Everyday Payments

    The BloFin Card offers users a streamlined way to incorporate digital assets into their everyday spending. Built on secure infrastructure with advanced protection protocols, the BloFin Card ensures user confidence with every transaction. Integrated across both web and mobile interfaces, it allows users to manage their card and monitor usage with ease from any device within the BloFin ecosystem. Though not yet publicly introduced, the card has been made available by invitation to a limited group of VIP users. A phased rollout is underway, with broader access expected to follow.

    The BloFin Card marks an essential step in expanding the real-world usability of digital assets. In addition to the current virtual card, a physical card version will be introduced soon, providing users with greater flexibility in payment scenarios.

    Further updates will be available on www.blofin.com.

    Keep Building: Rapid Growth and Innovation of BloFin 2025

    As of 2025, BloFin continues to lead in product evolution and user-focused infrastructure. From launching Sub-Accounts to becoming one of the first four global exchanges to introduce the Unified Trading Account (UTA), BloFin is setting new standards for flexibility, performance, and accessibility in the digital asset space.
    In celebration of its latest milestones and global expansion, BloFin — Title Sponsor of TOKEN204 Dubai — is hosting the Whales Rave Side Event, bringing together top-tier partners, traders, builders, and creators from around the world.

    Follow us X(Twitter)|Instagram |Telegram|YouTube

    About BloFin

    ​BloFin is a top-tier cryptocurrency exchange that specializes in futures trading. The platform offers 480+ USDT-M perpetual pairs, spot trading, copy trading, API access, unified account management, and advanced sub-account solutions. Committed to security and compliance, BloFin integrates Fireblocks and Chainalysis to ensure robust asset protection. By partnering with top affiliates, BloFin delivers scalable trading solutions, efficient fund management, and enhanced flexibility for professional traders. ​As the constant sponsor of TOKEN2049, BloFin continues to expand its global presence, reinforcing its position as the place “WHERE WHALES ARE MADE.” For more information, visit BloFin’s official website at https://www.blofin.com.

    Contact:
    Annio W
    annio@blofin.io

    Disclaimer: This is a paid post and is provided by BloFin. 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.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/80fe29b8-af67-4e95-a97d-c0f00119c7aa

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c341298b-64e2-4e80-8d3f-d381e9f0ad86

    https://www.globenewswire.com/NewsRoom/AttachmentNg/be8f1149-079e-44e2-9194-e74eb7df0bdc

    The MIL Network –

    April 26, 2025
  • MIL-OSI: OTCQX Best 50 Virtual Investor Conference: Presentations Now Available for Online Viewing

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 25, 2025 (GLOBE NEWSWIRE) — Virtual Investor Conferences, the leading proprietary investor conference series, today announced the presentations from the OTCQX Best 50 Virtual Investor Conference, held April 24th are now available for online viewing.

    REGISTER AND VIEW PRESENTATIONS HERE

    The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company’s resource section.

    Select companies are accepting 1×1 management meeting requests through April 29th.

    April 24th

    To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com.

    About Virtual Investor Conferences®

    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Media Contact: 
    OTC Markets Group Inc. +1 (212) 896-4428, media@otcmarkets.com

    Virtual Investor Conferences Contact:
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

    April 26, 2025
  • MIL-OSI: Prospect Park Announces Full Revocation of Cease Trade Order

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, April 25, 2025 (GLOBE NEWSWIRE) — Prospect Park Capital Corp. (the “Company”) is pleased to announce that the failure-to-file cease trade order (the “FFCTO”) issued by the Ontario Securities Commission (the “OSC”) has been revoked.

    The FFCTO was issued by the OSC on February 3, 2023 as a result of the Company’s failure to file its ‎annual financial statements, related management discussion and analysis (“MD&A”) and certifications for the year ended September 30, 2022‎, as required by National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”) and National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings. The Company applied to the OSC for full revocation of the FFCTO and the order granting the same was issued effective April 24, 2025.

    The Company has filed the following continuous disclosure documents:

    • Audited annual financial statements, accompanying MD&As and related certificates for the years ended September 30, 2022, 2023 and 2024;
    • Unaudited interim financial statements, accompanying MD&As and related certificates for the interim periods ended December 31, 2022, March 31, 2023, June 30, 2023, December 31, 2023, March 31, 2024, June 30, 2024, and December 31, 2024;
    • Executive compensation disclosure in accordance with Form 51-102F6 for the years ended September 30, 2022, 2023 and 2024;
    • Audit committee disclosure in accordance with Form 52-110F2 for the years ended September 30, 2022, 2023 and 2024 ‎(this disclosure was included in the applicable annual MD&A); ‎and
    • Corporate governance disclosure required by Form 58-101F2 for the years ended September 30, 2022, 2023 and 2024 ‎(this disclosure was included in the applicable annual MD&A).

    As a result, the Company has now filed all continuous disclosure required by the OSC, and the Company has given the following undertakings to the OSC:

    1. The Company will hold an annual general meeting of its shareholders on or before July 24, 2025 (the “Meeting”).
    2. The Company will include a schedule of investment portfolio or similar disclosure in its annual and interim financial statements and certain financial and non-financial disclosure about private company investees within the Company’s portfolio that represent 10% or more of the Company’s assets, subject to certain exclusions, in its annual and interim MD&A.
    3. While the Company is reasonably construed as an “income trust” or “issuer in this policy” pursuant to section 1.2 of National Policy 41-201 – Income Trusts and Other Indirect Offerings with respect to each non-reporting issuer entity in which the Company has an equity investment (each, an “Investee”) where (i) such Investee’s financial statements are not consolidated with those of the financial statements ‎of the Company, and (ii) either (A) the Company’s annual EBITDA received from such Investee during the ‎applicable fiscal year is more than 33.33% of the Company’s total annual consolidated EBITDA during ‎that fiscal year, or (B) the assets of such Investee as at the end of the applicable fiscal year represent ‎more than 33.33% of the Company’s total consolidated assets as at the end of such fiscal year, the Company will file on its SEDAR+ profile (i) annual audited financial statements and related management’s discussion and analysis in respect of the applicable Investee(s), and (ii) an annual certificate concurrently with providing the financial statements referenced in (i) above, that it has complied with the above undertakings.

    The Company has also amended and restated By-Law No. 1, which the Company will seek shareholder confirmation at the Meeting, and the directors of the Company have amended its investment policy, a copy of which has been filed on SEDAR+ (www.sedarplus.com).

    The Company is continuing its operations as an investment corporation with the objective of enhancing shareholder value, and further intends to continue building its portfolio of investments.

    In addition, the Company will be applying to the Canadian Securities Exchange for a reinstatement of the listing of its common shares that were delisted on July 30, 2024, subject to satisfaction of all necessary listing requirements. While the Company intends to satisfy all of the applicable listing criteria, no assurance can be given that its application will be approved or the timing thereof.

    For more information please contact:

    James Greig
    Chief Executive Officer
    Prospect Park Capital Corp.
    Tel: (778) 788-2745

    This news release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information relates to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends”, “expects” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and these statements, referred to herein as “forward-looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things: the timing and completion of a shareholders’ meeting; the Company being able to comply with undertakings; the Company continuing to build its portfolio of investments; and the timing and completion of a reinstatement of the listing of its common shares on the Canadian Securities Exchange.

    Such statements reflect the ‎Company’s current views and ‎intentions with respect to future events, and ‎current information ‎available to the Company, and ‎are subject to certain risks, uncertainties and ‎assumptions‎, including, without limitation, the Company having necessary capital, and Investees complying with requests, contractual or otherwise, to provide certain information or documents to the Company.

    These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, risks related to the failure of the Company to receive the required corporate and regulatory approvals, access to capital, negotiation and completion of new acquisitions, as well as those risk factors discussed or referred to in the Company’s disclosure documents filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.com.

    Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking statements are expressly qualified in its entirety by this cautionary statement. The forward-looking statements included in this news release is made as of the date of this news release. The Company does not undertake to update any forward-looking statement referred to herein, except in accordance with applicable securities laws.

    The MIL Network –

    April 26, 2025
  • MIL-OSI: Conifers.ai Taps Former RSA, Cylance and McAfee Leaders for Its Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 25, 2025 (GLOBE NEWSWIRE) — Conifers.ai, the agentic AI platform designed to transform security operations, today announced the appointment of three new board members, Chairman Art Coviello of SYN Ventures, David Johnson of TLG Holding and Ryan Permeh of SYN Ventures. These industry veterans bring decades of experience in business strategy, M&A and technology leadership to their positions as advisors for the already fast-growing cybersecurity startup.

    This announcement follows the company’s recent $25 million funding round led by SYN Ventures and Picus Capital. Since emerging from stealth in January of this year, Conifers has experienced rapid success, more than doubling its headcount to meet growing demand. Additionally, it has expanded its headquarters in Dallas, TX, and is actively hiring for a variety of roles.

    “The increasing need for both greater quality and efficiency in security operations, as well as delivering measurable, strategic results, underscores the importance of providing advanced SOC security solutions that directly address our customers’ pain points,” said Tom Findling, Co-founder and CEO of Conifers. “We’re seeing significant demand for our unique approach, which is transforming security operations for both the enterprise and security service providers through advanced AI, disruptive pricing, and a staged implementation model. The extensive expertise these new advisors offer will be invaluable to our growth and long-term success.”

    New board members include:

    Art Coviello
    Managing Partner & IC Chairman for Flagship Funds, SYN Ventures
    Art Coviello has been a central figure within the information security industry for more than 25 years. Most notably, Coviello served as President and CEO of RSA and following RSA’s acquisition by EMC (for $2.1B) as an Executive Vice President of EMC and head of its Security Division. Since stepping down from RSA in 2015 Coviello has been an active investor and advisor in the technology industry, guiding many startups as a private investor and currently as a Managing Partner of SYN Ventures.

    David Johnson
    Senior Partner/Member of Investment Committee, TLG Holding
    David Johnson is a globally recognized corporate strategist and expert in M&A and related integration, having successfully completed more than 120 acquisitions representing more than $40B of equity investment, divestitures, and venture capital investments. Johnson co-founded TLG Capital Partners, after having joined the Blackstone Group where he was a Senior Advisor and Senior Managing Director. While at Blackstone, Johnson led the firm’s technology sector where he was responsible for numerous domestic and international acquisitions in Cyber Security, Cloud Solutions, IT Services, Consulting and Outsourcing.

    Ryan Permeh
    Operating Partner at SYN Ventures
    Ryan Permeh was previously the Co-Founder and Chief Scientist of Cylance, acquired by Blackberry for $1.4b in 2020. He led the architecture behind Cylance’s mathematical engine and groundbreaking approach to security. Permeh has been in the security industry for over 20 years and has a long history in both offensive and defensive security. Prior to co-founding Cylance, he served as Chief Scientist for McAfee, focused on technology strategy, and as a Distinguished Engineer at eEye Digital Security, focused on building security assessment tools.

    “Conifers’ approach to leveraging AI in cybersecurity is innovative, solving complex challenges SecOps teams face as a result of escalating threats, and directly addressing pain points in the industry while increasing value for the customer,” said Coviello. “As their growth accelerates, I look forward to contributing to their strategic vision and business objectives to help make them successful in the market as they scale.”

    To learn more about the Conifers platform and its leadership team, visit the website.

    About Conifers.ai
    Conifers.ai is transforming security operations centers (SOCs) with its AI-native Conifers CognitiveSOC™ platform, enabling enterprises and managed security service providers (MSSPs) to achieve SOC excellence. By leveraging agentic AI, Conifers empowers security teams to investigate complex, multi-tier incidents at scale with confidence, efficiency, and accuracy. Led by seasoned industry veterans and supported by SYN Ventures, Conifers is committed to addressing critical SecOps challenges through innovative solutions that enhance operational effectiveness, advanced investigation reasoning, and decision-making capabilities. With its unique staged implementation framework and patent-pending architecture, Conifers.ai builds trust in AI adoption, delivering measurable ROI and business impact. Learn more at https://www.conifers.ai or on LinkedIn and X.

    Media Contact
    Geena Pickering
    Look Left Marketing
    conifers@lookleftmarketing.com

    The MIL Network –

    April 26, 2025
  • MIL-OSI: Grayscale Investments Appoints Ramona Boston as Chief Marketing Officer

    Source: GlobeNewswire (MIL-OSI)

    New strategic hire bolsters firm’s growth with financial services expertise
    Boston will join shortly after arrival of incoming COO Diana Zhang

    STAMFORD, Conn., April 25, 2025 (GLOBE NEWSWIRE) — Grayscale Investments, the world’s largest crypto-native asset management platform, today announced the appointment of Ramona Boston as Chief Marketing Officer, effective July 9. In this role, Boston will report to Chief Executive Officer Peter Mintzberg and will lead Grayscale’s marketing initiatives across strategy, brand, and product.

    Boston joins from Apollo Global Management, where she spent the last eight years in senior roles, including most recently as Global Head of Client Marketing serving global wealth and institutional channels. At Apollo, Boston built a full-scale strategic marketing function, delivering integrated campaigns and differentiated client experiences to drive growth. She also led the creation and development of Apollo Academy, a premier education platform in the alternative asset management industry.

    Prior to Apollo, Boston served as Global Head of Branding and Group Marketing at Credit Suisse, where she led global brand strategy and launched the bank’s first integrated marketing plan aligned with business priorities. Boston also previously served as Chief Marketing Officer at Morgan Stanley, where she managed the brand through major transitions, spearheading two rebranding initiatives with large-scale advertising campaigns and sponsorships.

    “We are delighted to welcome Ramona to our leadership team at Grayscale,” said Peter Mintzberg, Grayscale’s Chief Executive Officer. “Her experience leading marketing and branding at top financial firms makes her the ideal choice to guide our marketing strategy. As we continue to grow and expand our footprint in the digital asset management landscape, Ramona’s proven track record uniquely positions us as we embark on our next phase of growth.”

    “I am excited to join the leadership team at Grayscale, the largest crypto-native asset management platform,” said Ramona Boston. “Throughout my career, I have consistently led marketing teams through the evolution of the financial industry – introducing institutional, retail, and high net worth clients to new forms of investments, from public markets to private equity, private credit and now crypto assets. I am fully embracing this new frontier. I look forward to working with Peter, the senior leadership team, and Grayscale’s talented marketing team to build on the firm’s leadership in crypto investment innovation.”

    Boston is the latest seasoned financial services leader to join Grayscale’s leadership team. Her appointment follows the recent addition of Diana Zhang as Chief Operating Officer, further strengthening executive leadership as the firm continues its growth trajectory.

    About Grayscale Investments
    Grayscale enables investors to access the digital economy through a family of future-forward investment products. Founded in 2013, Grayscale has a decade-long track record and deep expertise as an asset management firm focused on crypto investing. Investors, advisors, and allocators turn to Grayscale for single asset, diversified, and thematic exposure.

    Media Contact
    press@grayscale.com

    The MIL Network –

    April 26, 2025
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