Category: Finance

  • MIL-OSI Security: Cedar Rapids Man Sentenced to Federal Prison for Illegally Possessing a Firearm

    Source: Office of United States Attorneys

    A convicted felon who illegally possessed a firearm was sentenced today to more than nine years in federal prison.

    Trajuan Laroy West, age 28, from Cedar Rapids, Iowa, received the prison term after a November 14, 2024 guilty plea to one count of possession of a firearm by a prohibited person.

    On January 3, 2024, Iowa State Patrol Troopers stopped a vehicle that West was driving for speeding.  During the traffic stop, a Trooper located marijuana and a gun in the vehicle.  The slide of the gun had been reported stolen out of Arkansas.  West was prohibited from possessing firearms based on three prior felony drug-related convictions as well as a prior misdemeanor conviction for domestic violence. 

    West was sentenced in Cedar Rapids by United States District Court Chief Judge C.J. Williams.  West was sentenced to 112 months’ imprisonment.  He must also serve a three-year term of supervised release after the prison term.  There is no parole in the federal system.

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

    West 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 Adam J. Vander Stoep and was investigated by the Iowa State Patrol, the Waterloo Police Department, the Iowa Division of Narcotics Enforcement, the Bureau of Alcohol, Tobacco, and Firearms and Explosives, and the Federal Bureau of Investigation.  

    Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl.

    The case file number is 24-CR-2029.

    Follow us on X @USAO_NDIA.

    MIL Security OSI

  • MIL-OSI Security: Former Traveling Nurse Sentenced to Prison for Tampering with Morphine

    Source: Office of United States Attorneys

    BOSTON – A former traveling nurse was sentenced today in federal court in Boston for tampering with morphine at a local rehabilitation facility.

    Loralie LaBroad, 55, of Hampton, N.H., was sentenced by U.S. District Judge Julia E. Kobick to three months in prison, to be followed by two years of supervised release during which she is prohibited from practicing as a registered nurse or any other work with access to prescription medication or other controlled substances. In November 2024, LaBroad pleaded guilty to one count of tampering with a consumer product. LaBroad was charged by an Information in September 2024.

    LaBroad worked as a registered nurse for over 30 years, licensed in both New Hampshire and Massachusetts. In 2021, LaBroad voluntarily surrendered her New Hampshire nursing license following an investigation by the New Hampshire Board of Nursing after being fired from a rehabilitation center in Derry, N.H. as a result of allegations that she had tampered with morphine bottles.

    After surrendering her New Hampshire license, LaBroad continued to practice under her Massachusetts license. From December 2021 through at least May 12, 2022, LaBroad was employed as a traveling nurse through a healthcare staffing company and was assigned to various nursing and rehabilitation facilities throughout Massachusetts. Several of these Massachusetts facilities also began to suspect that LaBroad was diverting morphine from patients because of her consistent access to the bottles of morphine and evidence of tampering (i.e. bottles that were leaking or appearing to be the wrong color). Several of these bottles were tested and came back at significantly diluted concentrations.

    In the spring of 2022, LaBroad was assigned to work at a nursing and rehabilitation center in Danvers. LaBroad had access to morphine because she was charged with treating multiple patients who had been prescribed morphine for relief of their pain. In April 2022, the rehabilitation center contacted law enforcement after a nurse noticed a bottle of morphine was wet and leaking. Administrators at the facility reviewed other bottles of morphine on other medicine carts and identified three additional bottles that appeared to have been tampered with because the color of the bottle was lighter than expected or the bottle had puncture holes in the seal. Laboratory tests confirmed all bottles were diluted to varying degrees. LaBroad had been assigned to the medicine carts containing these bottles of morphine approximately two days before they were discovered.

    Following these suspected incidents of tampering, law enforcement undertook a “controlled operation” to determine whether LaBroad was tampering with the bottles of morphine. On May 12, 2022, prior to LaBroad’s next shift, law enforcement worked with the Danvers rehabilitation center administrators to review and photograph the bottles of morphine on the cart to be assigned to LaBroad. The cart included two bottles of morphine assigned to the same patient – one of which was fully sealed before LaBroad’s shift and the other was opened, from which investigators took a control sample. LaBroad was the only individual with access to the medicine cart for the duration of her shift.

    At the end of LaBroad’s shift, law enforcement seized the two bottles of morphine before they could be dispensed to the assigned patient. It was discovered that the previously sealed bottle was a different color, leaking and showed evidence of multiple puncture holes. Laboratory testing results confirmed that both bottles of morphine had been tampered with and diluted.
            
    United States Attorney Leah B. Foley; Fernando McMillan, Special Agent in Charge of the Food and Drug Administration, Office of Criminal Investigations; Roberto Coviello, Special Agent in Charge of the Department of Health and Human Services, Office of the Inspector General; and Robert H. Goldstein, MD, PhD, Commissioner of the Massachusetts Department of Public Health made the announcement. Assistant U.S. Attorney Lauren A. Graber of the Criminal Division prosecuted the case.

    MIL Security OSI

  • MIL-OSI Security: Former Sun Prairie Teacher Sentenced to 14 Years for Possessing Child Pornography

    Source: Office of United States Attorneys

    MADISON, WIS. – Timothy M. O’Shea, United States Attorney for the Western District of Wisconsin, announced that Matthew Quaglieri, 37, formerly of Sun Prairie, Wisconsin, was sentenced yesterday by U.S. District Judge William M. Conley to 14 years in prison for possessing child pornography. This term of imprisonment will be followed by 25 years of supervised release. Quaglieri pleaded guilty to this charge on January 13, 2025.

    In October 2022, law enforcement responded to a middle school in Sun Prairie, Wisconsin, regarding a complaint that Quaglieri was recording students as they were using the urinals in the school bathrooms. Agents searched Quaglieri’s iPad and found videos of at least 39 minors using the urinals. Quaglieri admitted that he had been recording boys in the school bathrooms at the middle school for four to five years.

    At sentencing, Judge Conley characterized Quaglieri’s conduct as predatory and abhorrent and further found it was a profound violation of Quaglieri’s position of trust at the school. Judge Conley also found that nothing Quaglieri said at sentencing showed that Quaglieri had an understanding about his conduct.

    The charge against Quaglieri was the result of an investigation conducted by the Sun Prairie Police Department and the Wisconsin Department of Justice Division of Criminal Investigation. Assistant U.S. Attorneys Louis Glinzak and Elizabeth Altman prosecuted this case.

    This investigation was a part of Project Safe Childhood (PSC), a nationwide initiative to combat child sexual exploitation and abuse. Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend, and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

    MIL Security OSI

  • MIL-OSI Security: Westminster Man Found Guilty of Drug Trafficking and Firearms Crimes in Federal Court

    Source: Office of United States Attorneys

    Baltimore, Maryland – A federal jury has found Rodney Gaines, 35, of Westminster, Maryland, guilty of conspiracy to distribute cocaine and cocaine base and to possess firearms in furtherance of a drug-trafficking crime, and two counts of distribution of cocaine. 

    Kelly O. Hayes, U.S. Attorney for the District of Maryland, announced the verdict with Special Agent in Charge William J. DelBagno, of the Federal Bureau of Investigation (FBI) – Baltimore Field Office; Colonel Roland L. Butler, Jr. Superintendent, Maryland State Police (MDSP); Sheriff James T. DeWees, Carroll County Sheriff’s Office; and Chief Thomas Ledwell, Westminster Police Department.

    During the two-and-a-half-week trial, the Government presented evidence of Gaines’s cocaine and crack-cocaine distribution activities in Westminster, Maryland.   Investigative methods included wiretaps, initially approved in state court and later federal court, in which law enforcement recorded and monitored Gaines’s phone conversations and text messages. 

    Wiretapped calls revealed Gaines arranging sales of cocaine to various customers.  During the conversations, the cocaine was referred to in coded phrases such as “powder,” “8-balls,” “balls,” and the “sister,” among other terms.  Law enforcement also seized quantities of cocaine from Gaines’s customers after sales were conducted. 

    The wiretaps also showed that Gaines sold cocaine in conspiracy with numerous accomplices, including people who he directed to deliver cocaine to customers; prepared the crack cocaine by “cooking” powder cocaine into crack; and hid drugs at various locations including burying the drugs in wooded areas around Westminster.  Near the end of the investigation, law enforcement recovered more than $250,000 in cash in apparent drug proceeds from a storage unit that was acquired by another member of the conspiracy.  The jury found that the conspiracy involved 280 grams or more of cocaine base.

    Evidence at trial also proved that Gaines’s activities and the activities of his conspiracy involved firearms.  During late January 2022, the wiretap showed that Gaines attempted to acquire two firearms — a 9mm handgun and a 40-caliber handgun — from an accomplice.  However, law enforcement intercepted the firearms, along with ammunition and ammunition clips, from the accomplice before the guns found their way to Gaines.   

    Gaines is facing up to life imprisonment with a mandatory minimum term of 10 years for the narcotics conspiracy offense.  The other counts are each punishable by up to 20 years.

    Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge determines sentencing after considering the U.S. Sentencing Guidelines and other statutory factors.

    U.S. Attorney Hayes commended the FBI, MDSP, Carroll County Sheriff’s Office, and Westminster Police Department for their work in the investigation.  Ms. Hayes also thanked Assistant U.S. Attorneys LaRai N. Everett and Michael C. Hanlon who are prosecuting the federal case.

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

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    MIL Security OSI

  • MIL-OSI Security: Lubbock Man Sentenced to Life in Prison for Sexual Exploitation of a 10-year-old Child

    Source: Office of United States Attorneys

    A man who sexually abused a child for over two years was sentenced to life in federal prison, announced Acting U.S. Attorney for the Northern District of Texas Chad E. Meacham.

    Alec Mendoza, 26, of Lubbock, Texas, was indicted in May 2024.  He pleaded guilty in August 2024 to enticement of a minor and was sentenced Friday by U.S. District Judge James Wesley Hendrix.

    According to court documents, Mendoza first met the victim, “Jane Doe” and Doe’s mother at a party in 2020 when Doe was 10 years old, and Mendoza was 22 years old.  Mendoza began messaging Doe online and on Valentine’s Day 2021, Mendoza began sexually abusing Doe.  At the time, Doe was 11 years old, and Mendoza was 23 years old.

    Soon after Mendoza began abusing Doe, Mendoza moved into Doe’s family home.  For the next two and a half years, Mendoza had sexual intercourse with Doe approximately 30-50 times.  Mendoza would also send messages to Doe discussing sex and would remind Doe to delete her messages.

    In December 2023, Mendoza was caught sending text messages to Doe in the middle of the night from his bedroom down the hall.  Doe’s mother confronted Mendoza about the messages and Mendoza admitted to having an ongoing sexual relationship with Doe.

    At sentencing, the government noted that following his conviction, Mendoza agreed to take a polygraph examination.  Mendoza failed the polygraph.  In his post-polygraph interview, Mendoza confessed to also sexually abusing a second child.  A search warrant of Mendoza’s phone also revealed Mendoza to be in possession of 20 videos of child sexual abuse material (CSAM).  Mendoza admitted to law enforcement to receiving and distributing CSAM over the Internet.

    At sentencing, Judge Hendrix told Mendoza that he could not “capture with words the trauma you caused that will last for lifetimes.”  In imposing a life sentence, Judge Hendrix said: “I have to make a lot of difficult decisions.  This is not one of them.”

    The Federal Bureau of Investigation along with the Lubbock Police Department conducted the investigation.  Assistant U.S. Attorney Stephen Rancourt prosecuted the case.

    MIL Security OSI

  • MIL-OSI Security: U.S. Attorney’s Office Charges Over 200 Individuals for Immigration-Related Criminal Conduct in Arizona This Week

    Source: Office of United States Attorneys

    PHOENIX, Ariz. – During this week of enforcement operations from March 29, 2025, through April 4, 2025, the U.S. Attorney’s Office for the District of Arizona has brought immigration-related criminal charges against 204 defendants. Specifically, the United States filed 83 cases in which aliens illegally re-entered the United States, and the United States also charged 107 aliens for illegally entering the United States.  In its ongoing effort to deter unlawful immigration, the United States also filed 13 cases against 14 individuals responsible for smuggling illegal aliens into and within the District of Arizona.

    These cases were referred or supported by federal law enforcement partners, including Immigration and Customs Enforcement’s Enforcement and Removal Operations (ICE ERO), ICE Homeland Security Investigations (HSI), U.S. Border Patrol, the Drug Enforcement Administration (DEA), the Federal Bureau of Investigation (FBI), the U.S. Marshals Service (USMS), and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).

    Recent matters of interest include:

    United States v. Ivan Mauricio Hernandez-Mosqueda: On April 2, 2025, Ivan Mauricio Hernandez-Mosqueda, a Mexica national, was sentenced to 46 months in prison for Conspiracy to Encourage and Induce an Alien to Unlawfully Enter the United States. In 2023 through his arrest in May of 2024, Hernandez-Mosqueda coordinated the smuggling of over 100 illegal aliens to the United States. Many of the illegal aliens were coached by Hernandez-Mosqueda to illegally enter the United States and claim asylum under false pretenses. Case No. CR-24-00820-PHX-KML.

    United States v. Gabriel Santiago-Ramirez: On April 1, 2025, Gabriel Santiago-Ramirez was driving a silver SUV near Kingman, Arizona. A United States Border Patrol agent, while driving behind the SUV, observed the SUV pull off onto the shoulder of the road on Interstate 40 (I-40). The driver, Santiago-Ramirez, later identified as being in the United States illegally, fled across I-40 into the desert. Border Patrol arrested three illegal aliens inside the SUV and followed Santiago-Ramirez’s foot signs into the desert, arresting him for Transportation of Illegal Aliens. Santiago-Ramirez was charged by criminal complaint on April 3, 2025. Case No. 25-MJ-01441-JFM.

    A criminal complaint and criminal indictment are simply methods by which a person is charged with criminal activity and raise no inference of guilt.  An individual is presumed innocent until evidence is presented to a jury that establishes guilt beyond a reasonable doubt.

    CASE NUMBERS:         CR-24-00820-PHX-KML
                                          25-MJ-01441-JFM

    RELEASE NUMBER:    2025-050_April 4 Immigration Enforcement

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    For more information on the U.S. Attorney’s Office, District of Arizona, visit http://www.justice.gov/usao/az/

    Follow the U.S. Attorney’s Office, District of Arizona, on X @USAO_AZ for the latest news.

    MIL Security OSI

  • MIL-OSI Security: Beckley Man Sentenced to More than 11 Years in Prison for Key Role in Drug Trafficking Organization

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

    BECKLEY, W.Va. – Ronald Lavaughn Mason, 46, of Beckley, was sentenced today to 11 years and eight months in prison, to be followed by three years of supervised release, for conspiracy to distribute fentanyl and cocaine base, also known as “crack.” Mason admitted to his major role in a drug trafficking organization (DTO) that distributed methamphetamine, fentanyl and cocaine base, also known as “crack,” in Beckley and elsewhere within the Southern District of West Virginia.

    According to court documents and statements made in court, Mason participated in the DTO in April and May 2024, working with other individuals to distribute fentanyl and crack in and around Beckley. During phone calls intercepted by law enforcement, Mason arranged transactions for cocaine and fentanyl with as many as 11 other individuals during the time period. As part of his guilty plea, Mason admitted that he supplied other individuals with controlled substances that they would redistribute. Mason further admitted to delivering the controlled substances to these individuals at times, and at other times have them come to his Beckley residence to pick up the drugs.

    On April 9, 2024, Mason sold co-defendant Tilford Joe Bradley Jr. a half-ounce of controlled substances while they were in Mason’s vehicle in Beaver.  Mason admitted that law enforcement officers conducting surveillance saw him meet Bradley for the transaction, and that he knew Bradley intended to redistribute the controlled substances.

    On May 30, 2024, officers executed a search warrant at Mason’s residence and seized approximately 540 grams of cocaine, 324 grams of fentanyl analogue, 228 grams of fentanyl, and $10,293. Mason admitted that he possessed the seized controlled substances and intended to distribute them.

    Mason has a long criminal history that includes two prior drug trafficking convictions, both in United States District Court for the Southern District of West Virginia.

    Mason and Bradley are among 12 individuals indicted on charges alleging the defendants conspired to distribute methamphetamine, fentanyl, and crack within the Southern District of West Virginia from in or about June 2023 to in or about May 2024. All 12 have pleaded guilty, including two defendants who pleaded guilty to separate charges in lieu of the offenses alleged in the indictment.

    Acting United States Attorney Lisa G. Johnston made the announcement and commended the investigative work of the Federal Bureau of Investigation (FBI), the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), and the Beckley/Raleigh County Drug and Violent Crime Unit, which consists of officers from the West Virginia State Police, the Raleigh County Sheriff’s Department, and the Beckley Police Department.

    Chief United States District Judge Frank W. Volk imposed the sentence. Assistant United States Attorney Andrew D. Isabell prosecuted the case.

    The investigation was part of the Department of Justice’s Organized Crime Drug Enforcement Task Force (OCDETF). The program was established in 1982 to conduct comprehensive, multilevel attacks on major drug trafficking and money laundering organizations and is the keystone of the Department of Justice’s drug reduction strategy. OCDETF combines the resources and expertise of its member federal agencies in cooperation with state and local law enforcement. The principal mission of the OCDETF program is to identify, disrupt and dismantle the most serious drug trafficking organizations, transnational criminal organizations and money laundering organizations that present a significant threat to the public safety, economic, or national security of the United States.

    A copy of this press release is located on the website of the U.S. Attorney’s Office for the Southern District of West Virginia. Related court documents and information can be found on PACER by searching for Case No. 5:24-cr-90.

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    MIL Security OSI

  • MIL-OSI Video: MAGA Minute, April 4, 2025

    Source: United States of America – The White House (video statements)

    PRESIDENT TRUMP CRUSHED THIS WEEK!

    VP Vance and NSA Mike Waltz Reaffirm Support in Greenland
    EO Hits Ticket Resellers w/ KidRock
    Investment Accelerator Launched
    LIBERATION DAY: 10% Global Tariff + Reciprocals
    Strong Stand Against Globalist Trade Ripoffs

    Watch Press Secretary Karoline Leavitt’s MAGA Minute!

    https://www.youtube.com/watch?v=lRmFlTU38uY

    MIL OSI Video

  • MIL-OSI USA: Fischer, Colleagues Introduce Bill to Reauthorize Project Safe Neighborhoods Program

    US Senate News:

    Source: United States Senator for Nebraska Deb Fischer

    U.S. Senators Deb Fischer (R-NE), John Cornyn (R-TX), Gary Peters (D-MI), Chuck Grassley (R-IA), Thom Tillis (R-NC), and Josh Hawley (R-MO) introduced the Project Safe Neighborhoods Grant Program Reauthorization Act to reauthorize this nationwide law enforcement program that uses evidence-based and data-driven approaches to reduce violent crime.

    “Since its inception, the Project Safe Neighborhoods program has a proven track record of reducing violent crime and protecting communities,” said Fischer. “I’m proud to support this commonsense legislation, which continues to provide Nebraska’s law enforcement with the resources they need to keep our communities safe.”

    “For more than two decades, the Project Safe Neighborhoods program has successfully implemented data-backed solutions to lower the rate of violent crime and help keep dangerous criminals off our streets,” said Cornyn. “This legislation would build on this impressive track record and foster greater collaboration between law enforcement and the communities they serve to make America safe again.”

    “Building trust and partnerships between local law enforcement and the people they serve is absolutely essential to strengthening our communities,” said Peters. “Project Safe Neighborhoods is proven to be an effective tool for reducing violent crime, including drug and gun violence, so I’m proud to again lead this bipartisan legislation to ensure this important program can continue making a difference in the years to come.”

    “For over two decades, Project Safe Neighborhoods has worked to combat violent crime by fostering collaboration between local, state and federal law enforcement agencies,” said Grassley. “I’m proud to back the blue and support Project Safe Neighborhoods’ comprehensive approach to crime fighting, which includes a provision in honor of fallen Iowa State Patrol Sergeant Jim Smith.”

    “For over 20 years, Project Safe Neighborhoods has helped law enforcement agencies across the country implement proven strategies to reduce violent crime and protect our communities,” said Tillis. “This legislation provides much-needed support to local law enforcement to combat crime and map overdose patterns in our communities. I am proud to support this commonsense legislation to create safer neighborhoods for future generations.”

    Background:

    Project Safe Neighborhoods is a nationwide partnership between federal, state, and local law enforcement and prosecutors that uses evidence-based and data-driven approaches to reduce violent crime. Under this program, law enforcement agencies focus their enforcement efforts on organized criminal networks and repeat offenders that drive crime rates in a particular region. Project Safe Neighborhoods also works to build trust and partnerships between law enforcement and the communities they serve through coordinated outreach, public awareness, innovative tactics, and collaborative interventions.

    Since its inception in 2001, Project Safe Neighborhoods has been successfully deployed by both Democratic and Republican administrations to reduce violent crime in large cities and smaller communities across the country. According to a Michigan State University study funded by the Department of Justice in 2013, Project Safe Neighborhoods was associated with a 13.1% decrease in violent crime in cities with a high rate of program participation. This included double-digit reductions in total firearm crimes and homicides in every city examined by the study.

    Specifically, the Project Safe Neighborhoods Grant Program Reauthorization Act of 2025:

     

    • Authorizes the Project Safe Neighborhoods Program for Fiscal Years 2026-2030 at $50 million – consistent with current appropriations levels. 
    • Requires participating entities to create and implement strategic plans to reduce violent crimes by focusing on criminal organizations and individuals responsible for increasing violence in a particular jurisdiction.
    • Prioritizes the investigation and prosecution of individuals who have an aggravating or leadership role in a criminal organization.
    • Strengthens evidence-based and data-driven intervention and prevention initiatives, including juvenile justice projects, street-level outreach, conflict mediation, the provision of treatment and social services, and improving community anti-violence norms.
    • Reserves 30% of funding for established regional law enforcement task forces. 
    • Allows funds to be used for the Byrne Criminal Justice Innovation Program, evidence base programs to reduce gun crime and gang violence, community-based violence prevention initiatives, and violence education, prevention, and intervention programs
    • Improves communities’ ability to respond to opioid overdoses by promoting the hiring and training of law enforcement officials and data analysts to swiftly investigate and identify drug dealers connected to overdoses.

    This legislation is endorsed by the Fraternal Order of Police, Federal Law Enforcement Officers Association, Sergeants Benevolent Association, National Association of Police Organizations, Major County Sheriffs of America, National District Attorneys Association, Major Cities Chiefs Association, Association of State Criminal Investigative Agencies, and National Narcotic Officers’ Associations’ Coalition.

    MIL OSI USA News

  • MIL-OSI New Zealand: Ethnic Communities Minister outlines key priorities

    Source: New Zealand Government

    Distinguished guests, community leaders, business representatives, and faith leaders.
    It is my pleasure as the Minister for Ethnic Communities to address you today. 
    New Zealand is home to speakers of more than 170 languages, and while I would love to greet you in each one, for now let me extend a warm welcome to you all with a simple “Kia ora. Tēnā koutou, katoa.”
    I would like to acknowledge and extend my gratitude to everyone here today.  Your dedication and contributions continue to strengthen the fabric of our nation.
    I also wish to thank those of you who have shared your insights and experiences, providing valuable perspectives on the opportunities and challenges facing New Zealand’s Ethnic Communities. Your input is critical in shaping policies and initiatives that reflect the needs of all New Zealanders.
    It is a privilege to serve as the Minister for Ethnic Communities. When the Prime Minister invited me to take on this role, I was deeply honoured and excited by the opportunity to support and champion the diverse communities that make up our nation.
    Almost one in four people in New Zealand belong to an Ethnic Community. In Auckland, that number rises to one in three. These communities contribute immeasurably to our country—bringing expertise, knowledge, and cultural vibrancy that enriches every aspect of New Zealand life.
    I was fortunate enough to become Minister just in time to host the Lunar New Year event at Parliament, which was a vibrant and wonderful celebration.
    And in a couple of days, I will be hosting Eid celebrations as well, and I look forward to recognising and celebrating the many other significant cultural events that unite our communities throughout the year. 
    Today, I would like to outline my priorities as your Minister and share my vision for how we can work together to achieve meaningful outcomes.  I will get to that shortly.  First, a bit about myself. 
    I bring my own experience to this role.  I have lived in the Middle East, Asia and Africa. I have lived and worked in many communities sharing the challenges they faced and immersing myself in the culture and history of their countries.
    I am constantly learning but my experience has helped me understand where our ethnic communities come from, what is important to them, some of the challenges and complexities of making a new country home, and the richness and value they have brought to New Zealand, whether they arrived a week ago or 100 years ago. 
    Recently at an event celebrating EID I was able to talk to 3 young 2nd generation Somali Kiwis about Somalia. The beauty of the country, rich in history and with so much potential but facing continued challenges.
    They love being Kiwis and love New Zealand but remain so proud of their Somali heritage. 
    My message is I’m a 4th generation Kiwi of Irish descent and very proud of both being Kiwi and of my Irish heritage. I have the privilege of not just looking through the eyes of our ethnic communities through a New Zealand lens but also in many cases through the country-of-origin lens. 
    I believe this experience will help me be an informed, effective, passionate Minister and advocate, providing loyal service to our Ethnic Communities.
    My priorities
    There are four key areas that I will focus on as Minister to ensure that Ethnic Communities thrive in New Zealand: economic growth, security and resilience, emergency management, and social cohesion.
    Economic growth
    First, economic growth.
    Many of you will have seen the Prime Minister’s State of the Nation speech.  In that speech, the PM focused almost exclusively on economic growth as the main priority for our Government.
    Why? Because economic growth is vital for improving quality of life. For delivering better infrastructure. For providing Kiwis with more choices. And for giving a sense that better days lie ahead.
    Ethnic Communities already make a huge contribution to our economy.
    In 2021, this contribution was estimated at $64 billion. The average value of export goods for ethnic businesses is more than double the New Zealand average.  However, there are barriers that need to be addressed to unlock the full potential of these businesses.
    At the Ethnic Xchange business symposium the Ministry facilitated last year, people identified what the Government could do to increase foreign investment.  Business owners said long waiting times with the Overseas Investment Office and a lack of coordination between agencies put off foreign investors.
    The Government is taking action. We are setting up Invest New Zealand to be a ‘one-stop-shop’ to attract and promote foreign investment. 
    We are making changes to the Overseas Investment Act to make investment rules less restrictive and more welcoming of investment.
    The changes will ensure that for many investments, decisions will be made in just 15 days, where the application isn’t contrary to New Zealand’s national interest. 
    And we announced changes to the Active Investor Plus Visa to simplify the categories, increase the scope of acceptable investments and remove other potential barriers to investment, such as the English language requirement.
    Last month, we held a global infrastructure investment summit to showcase New Zealand’s infrastructure pipeline and growth sectors.
    You may be aware that I recently travelled to India with the Prime Minister.
    During that trip I saw first-hand the value and strength of the relationship between New Zealand and India, and our trading relationship was very clear.  All of this shows the Government’s commitment to growing the economy.
    Security and resilience
    Second, I want to talk about security and resilience.
    Foreign interference affects the safety and security of everyone in New Zealand.  The Government is clear that we do not condone foreign interference in New Zealand. It is particularly concerning that some members of our Ethnic Communities are experiencing undue pressure and suppression of rights from foreign states. This is unacceptable.
    As Minister, I want to acknowledge that Ethnic Communities’ resilience is a national security asset to all of New Zealand.  I’m committed to delivering practical support that will help our communities to withstand foreign interference and to ask for help when they need it.
    We’ve released resources in 24 languages to raise awareness about foreign interference in New Zealand. Including case studies, information about your rights, keeping safe online and how to report foreign interference.
    This is only the beginning of the work. I know the Ministry for Ethnic Communities is working hard, including looking internationally, to ensure what it produces for our communities is world-class.
    While we’ve started to shine a light on foreign interference there is more to be done.  Work will continue with a range of communities to develop and release more resources later this year.
    Emergency management
    Third, I want to talk about emergency management.
    We can’t get away from the fact that New Zealand is prone to emergencies. Many of us have experienced the devastating impacts of floods, cyclones and earthquakes, and have learned about them first hand.
    Recent events have highlighted gaps in the system, particularly in how emergency responses account for the linguistic, cultural, and religious needs of Ethnic Communities.
    The support provided was often not responsive to language, cultural or religious needs. And important information in different languages was slow in getting to the people who needed it.
    The Government has committed to making changes to the emergency management system to ensure it is fit for purpose. 
    The changes will build capability and capacity, support local government and help different parts of the system to work better together.  They are based on the idea that everyone needs to be part of preparing and responding to emergencies and recovering afterwards.
    Our Ethnic Communities often stand up in times of emergencies to provide life services for the entire community.  I have asked NEMA to make sure this important role is formally recognised and codified in the new Emergency Management legislation. 
    There has been positive progress made in recent years.  The Get Ready website, which provides information about what to do before, during and after an emergency, is translated into 14 languages. This proved to be a valuable resource during Cyclone Gabrielle.
    NEMA have also told me they are close to completing a resource about what support is available and where to find it. 
    This resource can be distributed to communities in multiple languages as soon an emergency happens, rather than taking days to develop and translate.
    You can have confidence that the needs of Ethnic Communities will be reflected in NEMA’s work. 
    Social cohesion
    Finally, I want to talk about social cohesion.
    New Zealand is becoming increasingly diverse.  With Ethnic Communities expected to make up one-third of the population in the next two decades, it is essential that we build cohesive and safe communities.
    We must build an inclusive society where all communities feel a sense of belonging and where discrimination and prejudice have no place. 
    I have heard concerns from many of you about experiences of harassment, Islamophobia, and antisemitism. These are issues we must confront directly.
    I’m also particularly concerned about the impact geopolitical events overseas are having on domestic social cohesion.
    It’s important we don’t let overseas tensions and conflict play out between our communities here.
    I am committed to listening, learning and taking action to deliver relevant and tangible initiatives that will make a difference for Ethnic Communities.
    Ensuring that we don’t just talk about social cohesion but do things to actively strengthen it.
    I want to explore more ways to foster Ethnic Communities’ sense of belonging to and integration with New Zealand society.
    I would like better ways to bring faith and community leaders together to build bridges and unite communities.
    The Ministry for Ethnic Communities is actively fostering social cohesion through community engagement, interfaith dialogue, and targeted funding. And I am committed to continuing these efforts and identifying further ways to strengthen ties between communities.
    Other issues
    While some issues fall outside my direct ministerial responsibilities, I remain committed to advocating for the needs of Ethnic Communities.
    For example, mental health remains a pressing concern. 
    Research indicates that Middle Eastern, Latin American, and African youth face disproportionately high rates of mental health struggles, yet cultural barriers often prevent individuals from seeking help. 
    I will work closely with the Minister for Mental Health to ensure that culturally appropriate support services are accessible to all who need them.
    Closing
    New Zealand’s Ethnic Communities make an invaluable contribution to our society—socially, culturally, and economically. My commitment as Minister is to ensure that these contributions are recognised, valued, and celebrated.
    By working together, we can build a stronger, more inclusive nation—one where diversity is seen as a strength, and where every community has the opportunity to thrive.
    Thank you for being here today.  I look forward to continuing these important conversations and strengthening our relationships.
    Nō reira, tēnā koutou, tēnā koutou, tēnā koutou katoa.

    MIL OSI New Zealand News

  • MIL-OSI USA: “Stable” Coins or Risky Business?

    Source: Securities and Exchange Commission

    The Division of Corporation Finance issued another installment today[1] in its ongoing statement series dedicated to jurisdictional carve-outs for crypto.  This one opines that certain so-called “stablecoins” are not securities.  What’s remarkable about this statement is not so much its ultimate conclusion, but the analysis staff relies on to get there.  The statement’s legal and factual errors paint a distorted picture of the USD-stablecoin market that drastically understates its risks.

    Much of the staff’s analysis is premised on issuer actions that supposedly stabilize price, ensure redeemability, and otherwise reduce risk.  Staff also acknowledges, albeit briefly, that some USD-stablecoins are available to retail purchasers only through an intermediary and not directly from the issuer.  But it is the general rule, not the exception, that these coins are available to the retail public only through intermediaries who sell them on the secondary market, such as crypto trading platforms.  Over 90% of USD-stablecoins in circulation are distributed in this way.[2]  Holders of these coins can redeem them only through the intermediary.  If the intermediary is unable or unwilling to redeem the stablecoin, a holder has no contractual recourse against the issuer.  The role of intermediaries, particularly unregistered trading platforms, as primary distributors of USD-stablecoins poses a panoply of significant, additional risks that staff does not consider.[3]

    Staff fails to unpack the consequences of this market structure and how it affects risk.  The fact that intermediaries conduct most retail USD-stablecoin distribution and redemption significantly diminishes the value of the issuer actions staff relies on as “risk-reducing features.”  Key among these features is an issuer asset reserve that staff describes as designed to “satisfy fully their redemption obligations,” i.e., with enough assets to pay out a $1 redemption for each outstanding coin.  But generally speaking, as described above, issuers have no “redemption obligations” to retail coin holders.  These holders have no interest in or right to access the issuer’s reserve.  If they redeem coins through an intermediary, they are paid by the intermediary, not from the issuer’s reserve.  The intermediary is not obligated to redeem a coin for $1 and will instead pay the holder the market price.  Retail coin holders therefore do not, as staff claims, have a “right[]” to “redemption for USD on a one-for-one basis.”

    It is also grossly inaccurate for staff to suggest that just because an issuer’s reserve is, at some point, somehow valued at or above the par value of its outstanding coins, the issuer has sufficient reserves to satisfy unlimited redemption requests (from intermediaries or coin holders) at any future time.  First, the issuer’s overall financial health and solvency cannot be judged by the value of its reserve, which tell us nothing about its liabilities, risk from proprietary financial activities, and so forth.  Second, there is always a risk, particularly in times of market stress or if the price of a stablecoin drops, of a “run” scenario where intermediaries and/or issuers cannot honor all redemption requests in real time.[4]  This leads to a “self-reinforcing cycle of redemptions and fire sales of reserve assets.”[5]  Major run events have already occurred with USD-pegged stablecoins, with significant consequences for the broader stablecoin market and the traditional banking system.[6] 

    Staff further overstates the assurance value of issuer reserves by claiming that some issuers publish reports, called “proof of reserves,” that “demonstrate that a stablecoin is backed by sufficient reserves.”  As the SEC and the PCAOB have warned, proof of reserve reports demonstrate no such thing.  Their content is unregulated, not subject to PCAOB standards, and determined entirely at the issuer’s discretion.  They are “typically [ ] not designed to” and “often provide no assurance as to the reliability of the information provided.”[7]  Other regulators have similarly warned of the general lack of transparency and reliability in how stablecoin reserves are invested, managed, and valued.[8]  Whatever claims issuers make about their reserves, stablecoin holders have unfortunately learned the hard way that these claims often turn out to be false.[9]

    Understanding these facts, it becomes clear that as a legal matter, staff is simply wrong that the issuer’s reserve is a “risk-reducing” feature under the Reves test. Risk-reducing features under Reves include collateralization, insurance, or federal regulatory oversight.[10]  Because retail coin holders generally have no right to access the issuer’s reserve to guarantee redemption at any price, let alone $1, the reserve does not “collateralize” stablecoins held by the retail public.[11]  Without a redemption right against the issuer, a retail stablecoin holder has no claim in a bankruptcy proceeding, as an unsecured creditor or otherwise, if the issuer becomes insolvent.[12]  Just like the product at issue in Reves, USD-stablecoins are “uncollateralized and uninsured.”[13]  Even intermediaries responsible for retail redemptions may not be secured creditors of the issuer, meaning they too would have limited or no ability to recover directly from the reserve if the issuer declares bankruptcy.  The contractual arrangements between issuers and intermediaries are bespoke and generally non-public, leaving retail coin holders (and regulators) in the dark.

    The statement also presents a practical problem:  what if any existing stablecoins actually meet the stated criteria and fall within the staff’s definition of “Covered Stablecoin”?  It is hard to even understand what staff’s criteria are because the statement is written as though issuers have redemption obligations directly to retail coin holders when in general, they do not.  For example, staff claims that issuers stabilize the price because they “mint[ ] and redeem[ ] Covered Stablecoins on a one-for-one basis with USD at any time and in unlimited quantities.”  But staff fails to explain if or how that occurs in the typical case of a USD-stablecoin that is purchased and redeemed by retail holders only through intermediaries.  To the extent distribution and redemption affect the retail market price, it is the intermediaries, not the issuers, whose actions matter.  What are the practices and obligations of those intermediaries?  Is that information disclosed to the retail public?  Staff gives us no idea.

    These legal and factual flaws in the staff’s statement do a real disservice to USD-stablecoin holders, and, given the central role of stablecoins in the crypto markets, to crypto investors more generally.  They feed a dangerous industry narrative about the supposed stability and safety of these products.  This is perhaps best highlighted by the staff’s choice to parrot a highly misleading marketing term, “digital dollar,” to describe USD-stablecoins.  Make no mistake:  there is nothing equivalent about the U.S. dollar and unregulated, privately-issued crypto assets that are opaque (clearly even to the staff), uncollateralized, uninsured, and laden with risk at every step of their multi-layer distribution chain.  They are risky business. 


    [1] The timing of today’s statement – issued as the country is reeling from market turmoil not seen since the early days of COVID-19 – calls into question how the Commission is choosing to deploy its increasingly limited staff resources.

    [3] See IOSCO Policy Recommendations for Crypto and Digital Asset Markets Final Report, pp. 9, 71-72 (Nov. 16, 2023) (“The majority of stablecoin distribution[ ] [ ] occurs on secondary markets through [crypto asset service providers] and clients may not be aware of what rights they have and do not have against a stablecoin issuer … [i]n many stablecoin structures, the stablecoin issuer will allow only larger institutions and crypto-asset trading platforms to interact directly with the stablecoin issuer to create and to redeem stablecoins … [this] creates conflicts [of interest between the issuer and intermediary] and gives rise to potential misuse of inside information, market manipulation and other misconduct”); SEC Office of Investor Education and Advocacy, Exercise Caution with Crypto Asset Securities:  Investor Alert (Mar. 23, 2023) (“crypto asset securities trading platforms or other intermediaries (such as so-called ‘crypto exchanges’) may offer a combination of services that are typically performed by separate firms that may each be required to be separately registered with the SEC, a state regulator, or a SRO.  The commingling of these functions, exchange, broker-dealer and custodial functions, for example, creates conflicts of interest and risks for investors ….”).

    [10] See Reves v. Ernst & Young, 494 U.S. 56, 69 (1990).

    [11] See Black’s Law Dictionary, “Collateral” (12th ed. 2024) (defined as “[p]roperty that is pledged as security against a debt; the property subject to a security interest or agricultural lien.” (citing UCC Article 9-102(a)(12)); SEC v. Wallenbrock, 313 F.3d 532, 539 (9th Cir. 2002) (“here the so-called collateralization appears to be a fiction … investors had no way of reaching the assets.”).

    [13] See Reves, 494 U.S. at 69.

    MIL OSI USA News

  • MIL-OSI: Pender Growth Fund Provides Financial Highlights and Company Updates

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, April 04, 2025 (GLOBE NEWSWIRE) — (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the year ended December 31, 2024.

    Financial Highlights

    • Net income was $55,473,592 for the year ended December 31, 2024 (December 31. 2023 – Net income $1,029,528) due to positive investment performance during the year.
    • Net income per Class C common share (“Share”) for the year ended December 31, 2024 was $7.61 (December 31. 2023 – Net income per Share $0.14).
    • The Company’s total shareholders’ equity increased by $53,195,329, from $69,886,178 at December 31, 2023 to $123,081,057 as at December 31, 2024, due to net income from positive investment performance of $55,473,592 during the year, offset by shares repurchase of $2,278,263 under the Company’s Normal Course Issuer Bid (“NCIB”).
      • Shareholders’ equity was $17.25 per Share as at December 31, 2024 (December 31, 2023 – $9.48).
      • 7,133,229 shares were outstanding as at December 31, 2024 (December 31, 2023 – 7,368,229), a decrease of 235,000 shares as a result of shares repurchase under the NCIB, which was renewed on February 15, 2024.
      • At December 31, 2024, 64.7% of the investment portfolio was made up of public companies and 35.3% of private companies and Net Assets were 56.9% publicly listed companies, 31.1% private unlisted companies, and 12.0% cash and other assets net of liabilities.
      • Management Expense Ratio (“MER”) before performance fees was 2.65% for the year ended December 31, 2024, up 0.34% compared to 2.31% in 2023.
    PERFORMANCE

    (Based on Shareholders’ Equity)

    3 Month 1 Year 3 Year 5 Year Since Inception
    Class C 14.2 % 81.9 % -12.9 % 29.9 % 21.4 %


    Portfolio Highlights

    The completion of the sale of Copperleaf in the third quarter of 2024 and the resulting injection of $70 million cash, substantially changed the Company’s portfolio.

    In October, the Company closed the purchase of four private technology companies from Pluribus Technologies. The acquisition was made by Pender Software Holdings (“PSH”) a new entity owned 86% by Pender, with the balance owned by Acorn Partners Inc. (“Acorn”) and its principals. Acorn (www.acorncappartners.com) is a Vancouver based company that invests in tech companies and provides advisory services to clients. In early 2025, Acorn was merged into PSH and the shares of PSH formerly held by the Acorn were transferred to its principals. The four software companies acquired are each cash flow positive and stable. PSH is leaving existing management in place to facilitate a focus on operational excellence with strategic support and access to capital managed by Pender and Acorn. Ampere Chan, the founder and CEO of Acorn is the CEO of PSH. Pender intends to use PSH as a vehicle for investing in additional software companies. We believe this new enterprise has great potential. 

    With the significant run up in equities over the last year that has pushed large cap equity valuations to multi year highs, we remain vigilant and prepared for increased volatility as we enter 2025. The general trend in inflation continues to moderate towards central bank target levels and expectations are for continued interest rates cuts, albeit at a more moderate pace. Potential headwinds could also include trade policies, particularly tariffs, which could weigh on corporate earnings, and fiscal challenges in developed economies as government deficit spending remains high. There is always the potential for volatility as market expectations shift after such a strong run in risk assets in the past few quarters.

    We believe that the Company continues to be well-positioned today to pursue its investment objectives and we continue to find attractive investments opportunities as valuations in micro and small cap stocks in North America remain attractive despite the recent rally this year.

    Investment results may be affected by future developments and new information that may emerge about broad economic conditions, inflation, central bank measures, geopolitical risks, market risk, unexpected judicial or regulatory proceedings and other global events, factors that are beyond the Company’s control.

    While macro events have driven investor sentiment, we have remained focused on our bottom-up fundamental research to identify companies that can thrive in a wide range of economic scenarios. We believe that this environment provides compelling opportunities for long-term focused investors and that the Company is well-positioned to continue to pursue its investment objectives.

    In 2024, as always, we worked closely with our private portfolio companies and certain of our public portfolio companies.

    Other Highlights

    We continued to acquire shares of the Company in the market under our NCIB because we believe the shares are trading at a discount to their intrinsic value. On February 20, 2025, the Company launched a new NCIB, under which the Company may purchase a maximum of 587,342 shares, or 10% of the Company’s public float on launch date, during the one-year period ending February 19, 2026.

    We encourage you to refer to the Company’s MD&A and the annual audited financial statements for the year-ended December 31, 2024, and other disclosures available under the Company’s profile at www.sedarplus.ca for additional information.

    About the Company        

    Pender Growth Fund Inc is an investment firm. Its investment objective is to achieve long-term capital growth. The Company utilizes its small capital base and long-term horizon to invest in unique situations, primarily small cap, special situations, and illiquid public and private companies. The firm invests in public and private companies principally in the technology sector. It trades on the TSX Venture Exchange under the symbol “PTF” and posts its NAV on its website, generally within five business days of each month end.

    Please visit www.pendergrowthfund.com.

    For further information, please contact:

    Tony Rautava

    Corporate Secretary
    Pender Growth Fund Inc.
    (604) 653-9625
    Toll Free: (866) 377-4743
    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Forward-Looking Information

    This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of the Company and the environment in which it operates. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, “estimate” and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and projections and include, without limitation, statements regarding the Company’s decreased portfolio risk and future investment opportunities. The forward-looking statements in this news release are based on certain assumptions; they are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the heading “Risk Factors” in the Company’s annual information form available at www.sedarplus.ca. There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network

  • MIL-OSI: USCB Financial Holdings, Inc. to Announce First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, April 04, 2025 (GLOBE NEWSWIRE) — USCB FINANCIAL HOLDINGS, INC. (the “Company”) (NASDAQ: USCB) will report financial results for the quarter ended March 31, 2025 after the market closes on Thursday, April 24, 2025.

    A conference call to discuss quarterly results will also be held with Chairman, President, and CEO, Luis de la Aguilera, Chief Financial Officer, Robert Anderson, and Chief Credit Officer, William Turner, details which are provided below.

    Live Conference Call and Audio Webcast

    Date: Friday, April 25, 2025
    Time: 11:00am Eastern Time
    Dial-in: (833) 816-1416 (toll free in the U.S.)
    Passcode: USCB Financial Holdings Call

    A live audio webcast of the call will be available with the press release and slides on the investor relations page of the Company’s website at https://investors.uscenturybank.com/. Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the internet broadcast.

    A replay of the webcast will be archived on the investor relations page shortly after the conference call has ended.

    About USCB Financial Holdings, Inc.

    USCB Financial Holdings, Inc. is the bank holding company for U.S. Century Bank. Established in 2002, U.S. Century Bank is one of the largest community banks headquartered in Miami, and one of the largest community banks in the state of Florida. U.S. Century Bank is rated 5-Stars by BauerFinancial, the nation’s leading independent bank rating firm. U.S. Century Bank offers customers a wide range of financial products and services and supports numerous community organizations, including the Greater Miami Chamber of Commerce, the South Florida Hispanic Chamber of Commerce, and ChamberSouth. For more information or to find a U.S. Century Bank banking center near you, please call (305) 715-5200 or visit www.uscentury.com.

    Contacts:

    Investor Relations
    InvestorRelations@uscentury.com

    Media Relations
    Martha Guerra-Kattou
    MGuerra@uscentury.com

    The MIL Network

  • MIL-OSI: Glacier Bancorp, Inc. Announces First Quarter Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    KALISPELL, Mont., April 04, 2025 (GLOBE NEWSWIRE) — Glacier Bancorp, Inc. (NYSE: GBCI) will report first quarter financial results after the market closes on April 24, 2025. A conference call for investors is scheduled for 11:00 a.m. Eastern Time on Friday, April 25, 2025.

    Please note that our conference call host no longer offers a general dial-in number.

    Investors who would like to join the call may now register by following this link to obtain dial-in instructions: https://register-conf.media-server.com/register/BI3016c4b5b4bd4b0aac8f022e74f4c1d4

    To participate via the webcast, log on to: https://edge.media-server.com/mmc/p/ejk9q5pb

    If you are unable to participate during the live webcast, the call will be archived on our website, www.glacierbancorp.com.

    Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions: Altabank (American Fork, UT) Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank of Wyoming (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank (Bozeman, MT), First Security Bank of Missoula (Missoula, MT), First State Bank (Wheatland, WY), Glacier Bank (Kalispell, MT), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), The Foothills Bank (Yuma, AZ), Valley Bank (Helena, MT), Western Security Bank (Billings, MT), and Wheatland Bank (Spokane, WA).

    Randall M. Chesler, CEO
    (406) 751-4722
    Ron J. Copher, CFO
    (406) 751-7706

    The MIL Network

  • MIL-OSI: PIMCO Closed-End Funds Announce Proposed Reorganizations

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 04, 2025 (GLOBE NEWSWIRE) — The Board of Trustees of each of the following funds has approved the following proposals to reorganize the PIMCO closed-end municipal funds (each, a “Merger” and collectively, the “Mergers”), subject to the various shareholder approvals and other contingencies described below:

    • National Mergers: PIMCO Municipal Income Fund (NYSE: PMF) and PIMCO Municipal Income Fund III (NYSE: PMX) with and into PIMCO Municipal Income Fund II (NYSE: PML);
    • New York Mergers: PIMCO New York Municipal Income Fund (NYSE: PNF) and PIMCO New York Municipal Income Fund III (NYSE: PYN) with and into PIMCO New York Municipal Income Fund II (NYSE: PNI); and
    • California Mergers: PIMCO California Municipal Income Fund II (NYSE: PCK) and PIMCO California Municipal Income Fund III (NYSE: PZC) with and into PIMCO California Municipal Income Fund (NYSE: PCQ).

    If the Mergers are consummated, each of PML, PNI, and PCQ (each, an “Acquiring Fund”) would acquire all of the assets and liabilities of, as applicable, PMF, PMX, PNF, PYN, PCK, and PZC (each, an “Acquired Fund”), and the common shares of each Acquired Fund would, in effect, be exchanged for new common shares of the corresponding Acquiring Fund with an equal aggregate net asset value. In addition, each Fund has one or more series of Remarketable Variable Rate MuniFund Term Preferred Shares (“RVMTP Shares”) outstanding. As part of each Merger, the outstanding RVMTP Shares of each Acquired Fund are expected to, in effect, be exchanged for RVMTP Shares of the corresponding Acquiring Fund with an aggregate liquidation preference equal to, and other terms that are substantially identical to, the corresponding series of RVMTP Shares of each such Acquired Fund.

    Each Merger is subject to approval by the applicable Acquiring Fund’s common shareholders to issue additional common shares (the “Merger Shares”) to be distributed to the Acquired Funds’ shareholders and, with respect to each Acquired Fund, the consent to the Merger of its RVMTP shareholders, as applicable. No Merger will be contingent upon the consummation of any other Merger. Common shareholders of the Acquiring Funds will be asked to vote on the applicable proposals at a Special Meeting of shareholders expected to take place on or about June 27, 2025, at a time and location to be stated in the proxy statement/prospectus (the “Shareholder Meeting”). A proxy statement/prospectus containing information about the meeting and the proposed reorganizations is expected to be mailed to each Acquiring Fund’s shareholders of record as of April 14, 2025. The proxy statement/prospectus will also be distributed to Acquired Fund shareholders to serve as a prospectus and an information statement for the Acquiring Fund Merger Shares. No action is needed from common shareholders of the Acquired Funds.

    Following the Mergers, each Acquiring Fund will continue to be managed in accordance with its existing investment objective and strategies:

    • PML seeks to provide current income exempt from federal income tax.
    • PNI seeks to provide current income exempt from federal, New York State and New York City income tax.
    • PCQ seek to provide current income exempt from federal and California income tax.

    The proxy statement/prospectus will include a comparison of, and more information regarding, the Acquiring Funds and their applicable Acquired Funds’ investment objective and strategies and other policies.

    It is currently expected that the Mergers will be completed on or about August 1, 2025, subject to PIMCO’s market outlook and operational considerations, the shareholder approvals described above and the satisfaction of applicable regulatory requirements and customary closing conditions.

    Further information regarding the proposals is contained in a proxy statement/prospectus that has been filed publicly and will be mailed to shareholders in the near future once declared effective.

    About PIMCO

    PIMCO was founded in 1971 in Newport Beach, California and is one of the world’s premier fixed income investment managers. Today we have offices across the globe and 3,000+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz S.E., a leading global diversified financial services provider.

    This press release is not intended to, and does not, constitute an offer to purchase or sell shares of the funds; nor is this press release intended to solicit a proxy from any shareholder of the funds. The solicitation of the purchase or sale of securities or proxies to effect each Merger described herein will only be made by a final, effective registration statement, which will include a definitive joint proxy statement/prospectus, after the registration statement is declared effective by the Securities and Exchange Commission (“SEC”).

    This press release references a joint proxy statement/prospectus filed by each Acquiring Fund and to be distributed as a proxy statement/prospectus to the shareholders of each Acquiring Fund and as a prospectus and an information statement to the shareholders of each Acquired Fund. The joint proxy statement/prospectus may be amended or withdrawn. The joint proxy statement/prospectus has not yet been declared effective by the SEC and will not be distributed to shareholders of the funds unless and until it is declared effective by the SEC.

    Investors and shareholders are urged to read the applicable joint proxy statement/prospectus and any other relevant documents when they become available because they will contain important information about the proposed reorganizations. After it is filed, free copies of the joint proxy statement/prospectus will be available on the SEC’s website at www.sec.gov.

    Except for the historical information and discussions contained herein, statements contained in this press release constitute forward-looking statements. These statements may involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, including the performance of financial markets, the investment performance of PIMCO’s sponsored investment products and separately managed accounts, general economic conditions, future acquisitions, competitive conditions and government regulations, including changes in tax laws. Readers should carefully consider such factors. Further, such forward-looking statements speak only on the date at which such statements are made. PIMCO undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statement.

    This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world. PIMCO Investments LLC, 1633 Broadway, New York, NY 10019, is a company of PIMCO. ©2025, PIMCO.

    For information on PIMCO Closed-End Funds:
    Financial Advisors: (800) 628-1237
    Shareholders: (844) 337-4626 or (844) 33-PIMCO
    PIMCO Media Relations: (212) 597-1054

    The MIL Network

  • MIL-OSI Security: Waterbury Man Guilty of Firearm Offense Related to Gun Trafficking Operation

    Source: Office of United States Attorneys

    Marc H. Silverman, Acting United States Attorney for the District of Connecticut, announced a federal jury in New Haven today found LUIS PEREZ, 46, of Waterbury, guilty of a firearm offense related to an extensive gun trafficking investigation.

    According to court documents, statements made in previous court proceedings, and evidence presented during the trial, in May 2023, members of the FBI Waterbury Safe Streets Task Force conducted three controlled purchases of a total of nine firearms, and one controlled purchase of cocaine, from Perez.  An expanded investigation revealed that Perez was acquiring numerous firearms, most of which were purchased by straw purchasers from licensed gun dealers in Kansas and then shipped through the U.S. Mail to a stash location maintained by Perez’s associate, Algelly Diaz, in Hartford.  Perez then sold the firearms, which included assault weapons and high-capacity magazines, to others throughout Connecticut.  Perez and Diaz are previously convicted felons who cannot lawfully purchase or possess firearms.

    The investigation further revealed that, between August 2020 and May 2023, one of Perez’s co-conspirators purchased at least 73 firearms from a licensed gun dealer in Deerfield, Kansas. 

    Perez and Diaz were arrested on May 19, 2023.  On that date, investigators executed search warrants at locations in Connecticut, Kansas, and California.  A search of Perez’s residence and vehicle revealed nine firearms; more than 200 rounds of ammunition; distribution quantities of cocaine, crack cocaine, and fentanyl/heroin; items used to process and package narcotics for street sale; and more than $7,000 in cash.  In addition, a search of Diaz’s residence revealed approximately 90 rounds of ammunition, and a search of a package that was shipped to Diaz and seized from the mail stream revealed an additional three firearms.

    The jury found Perez guilty of possession of a firearm in furtherance of a drug trafficking crime.  On March 19, 2025, Perez pleaded guilty to the other nine counts of the indictment in which he was charged, including one count of firearms trafficking conspiracy, three counts of firearms trafficking, two counts of mailing nonmailable firearms, one count of unlawful possession of a firearm by a felon, and two counts of possession with intent to distribute fentanyl, heroin, and cocaine.

    At sentencing, which is not scheduled, Perez faces a mandatory minimum term of imprisonment of 10 years and a maximum term of imprisonment of life.

    Perez has been detained since his arrest.

    Diaz pleaded guilty and, on February 4, 2025, was sentenced to 48 months of imprisonment.  Three others charged as a result of this investigation also pleaded guilty and await sentencing.

    This matter has been investigated by the Federal Bureau of Investigation; the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF); Homeland Security Investigations (HSI); the U.S. Postal Inspection Service; the Connecticut State Police; and the Waterbury, Meriden, Hartford, Manchester, East Hartford, West Hartford, and Chino (Calif.) Police Departments.

    This case is being prosecuted by Assistant U.S. Attorneys Natasha M. Freismuth and Christopher J. Lembo through the Organized Crime Drug Enforcement Task Forces (OCDETF) Program.  OCDETF identifies, disrupts, and dismantles drug traffickers, money launderers, gangs, and transnational criminal organizations through a prosecutor-led and intelligence-driven approach that leverages the strengths of federal, state, and local law enforcement agencies.  Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    Acting U.S. Attorney Silverman thanked the U.S. Attorney’s Office for the District of Kansas and the U.S. Attorney’s Office for the Central District of California for their assistance in the investigation and prosecution of this case.

    MIL Security OSI

  • MIL-OSI Security: Portland Man Sentenced to 10 Years in Federal Prison for Using Instagram to Sexually Exploit Children Online

    Source: Office of United States Attorneys

    PORTLAND, Ore.—A Portland man was sentenced to federal prison Thursday for using Instagram, a social media platform, to persuade children to produce and send him sexually explicit images of themselves.

    Solomon Dean Cook, 21, was sentenced to 121 months in federal prison and ten years’ supervised release. He was also ordered to pay $103,000 in restitution to his victims.

    According to court documents, in January 2022, the parent of a victim in Portland called the FBI’s National Threat Operations Center (NTOC) to report that an Instagram user had persuaded their child to produce and share a sexually explicit photo. The user threatened to distribute the image if the child did not continue producing and sending more images. During follow-up interviews with investigators, the victim identified a second child in Portland that Cook victimized.

    Federal agents traced two Instagram accounts to Cook and learned that he posed as a “sugar daddy” online by offering large amounts of money to entice children into sending him sexually explicit photos. Once the victims agreed, Cook’s demands for sexually explicit materials escalated and he threatened to release images of the victims if they did not comply with his demands. Investigators learned that between November 2021 and May 2022, Cook exploited three minor victims in this manner. 

    On May 11, 2022, Cook was arrested after agents executed a federal search warrant on his residence. During the search, Cook confessed to enticing the reporting victim into producing a sexually explicit image and to exploiting additional victims in the same manner. Investigators also searched Cook’s phone and found sexually explicit images of five minor victims and several adult victims.

    On June 7, 2022, a federal grand jury in Portland returned a four-count indictment charging Cook with sexual exploitation of children, attempted sexual exploitation of children, and receiving and possessing child pornography.

    On September 4, 2024, Cook pleaded guilty to three counts of enticing a minor online and one count of possessing child pornography.

    This case was investigated by FBI Portland’s Child Exploitation Task Force (CETF). It is being prosecuted by Mira Chernick, Assistant U.S. Attorney for the District of Oregon.

    Anyone who has information about the physical or online exploitation of children are encouraged to call the FBI at 1-800-CALL-FBI (1-800-225-5324) or submit a tip online at tips.fbi.gov.

    The FBI CETF conducts sexual exploitation investigations, many of them undercover, in coordination with federal, state and local law enforcement agencies. CETF is committed to locating and arresting those who prey on children as well as recovering and assisting victims of sex trafficking and child exploitation.

    Federal law defines child pornography as any visual depiction of sexually explicit conduct involving a minor. It is important to remember child sexual abuse material depicts actual crimes being committed against children. Not only do these images and videos document the victims’ exploitation and abuse, but when shared across the internet, re-victimize and re-traumatize the child victims each time their abuse is viewed. To learn more, please visit the National Center for Missing & Exploited Children at www.missingkids.org.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Justice Department to combat the growing epidemic of child sexual exploitation and abuse. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

    MIL Security OSI

  • MIL-OSI: National Bank Holdings Corporation Announces Date for 2025 First Quarter Earnings Release

    Source: GlobeNewswire (MIL-OSI)

    DENVER, April 04, 2025 (GLOBE NEWSWIRE) — National Bank Holdings Corporation (NYSE: NBHC) expects to report its first quarter financial results after the markets close on Tuesday, April 22, 2025. Management will host a conference call to review the results at 11:00 a.m. Eastern Time on Wednesday, April 23, 2025. Interested parties may listen to this call by dialing (877) 400-0505 using the participant passcode of 7036929 and asking for the NBHC Q1 2025 Earnings Call. A recording of the call will be available approximately four hours after the call’s completion on the Company’s website at www.nationalbankholdings.com by visiting the investor relations area.

    About National Bank Holdings Corporation

    National Bank Holdings Corporation is a bank holding company created to build a leading community bank franchise delivering high quality client service and committed to stakeholder results. Through its bank subsidiaries, NBH Bank and Bank of Jackson Hole Trust, National Bank Holdings Corporation operates a network of over 90 banking centers, serving individual consumers, small, medium and large businesses, and government and non-profit entities. Its banking centers are located in its core footprint of Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico and Idaho. Its comprehensive residential mortgage banking group primarily serves the bank’s core footprint. Its trust business is operated in its core footprint under the Bank of Jackson Hole Trust charter. NBH Bank operates under a single state charter through the following brand names as divisions of NBH Bank: in Colorado, Community Banks of Colorado and Community Banks Mortgage; in Kansas and Missouri, Bank Midwest and Bank Midwest Mortgage; in Utah, Texas, New Mexico and Idaho, Hillcrest Bank and Hillcrest Bank Mortgage; and in Wyoming, Bank of Jackson Hole and Bank of Jackson Hole Mortgage. Additional information about National Bank Holdings Corporation can be found at www.nationalbankholdings.com.

    For more information visit: cobnks.com, bankmw.com, hillcrestbank.com, bankofjacksonhole.com, or nbhbank.com. Or connect with any of our brands on LinkedIn.

    Contact:  
    Analysts/Institutional Investors:
    Emily Gooden, 720-554-6640
    Chief Accounting Officer and Investor Relations Director
    ir@nationalbankholdings.com

    Nicole Van Denabeele, 720-529-3370
    Chief Financial Officer
    ir@nationalbankholdings.com

    Media:
    Jody Soper, 303-784-5925
    Chief Marketing Officer
    Jody.Soper@nbhbank.com
       

    Source: National Bank Holdings Corporation

    The MIL Network

  • MIL-OSI: Grayscale Investments® Announces Rebalancing of Multi-Asset Funds for First Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    STAMFORD, Conn., April 04, 2025 (GLOBE NEWSWIRE) — Grayscale Investments®, a leading crypto asset management firm, offering more than 30 crypto investment products, and manager of Grayscale® Digital Large Cap Fund (OTCQX: GDLC) (Digital Large Cap Fund), Grayscale® Decentralized Finance (DeFi) Fund (OTCQB: DEFG) (DeFi Fund), Grayscale® Smart Contract Fund (GSC Fund), and Grayscale® Decentralized AI Fund (AI Fund), today announced the updated Fund Component weightings for each product in connection with their respective first quarter 2025 reviews.

    In accordance with the CoinDesk Large Cap Select Index methodology, Grayscale has adjusted GDLC’s portfolio by purchasing and selling the existing Fund Components in proportion to their respective weightings. At the end of the day on April 3, 2025, GDLC’s Fund Components were a basket of the following assets and weightings*:

    • Bitcoin (BTC), 79.59%
    • Ether (ETH), 10.54%
    • XRP (XRP), 5.86%
    • Solana (SOL), 2.88%
    • Cardano (ADA), 1.13%

    In accordance with the CoinDesk DeFi Select Index methodology, Grayscale has adjusted DEFG’s portfolio by purchasing and selling the existing Fund Components in proportion to their respective weightings. At the end of the day on April 3, 2025, DEFG’s Fund Components were a basket of the following assets and weightings*:

    • Uniswap (UNI), 42.75%
    • Aave (AAVE), 27.44%
    • MakerDAO (MKR), 12.81%
    • Lido (LDO), 8.80%
    • Curve (CRV), 8.20%

    In accordance with the CoinDesk Smart Contract Platform Select Capped Index methodology, Grayscale has adjusted GSC Fund’s portfolio by selling NEAR Protocol (NEAR) and existing Fund Components in proportion to their respective weightings, and using the cash proceeds to purchase existing Fund Components in proportion to their respective weightings. As a result of the rebalancing, NEAR was removed from GSC Fund. At the end of the day on April 3, 2025, GSC Fund’s Fund Components were a basket of the following assets and weightings*:

    • Ether (ETH), 30.92%
    • Solana (SOL), 29.05%
    • Cardano (ADA), 22.91%
    • Avalanche (AVAX), 7.45%
    • Sui (SUI), 7.04%
    • Polkadot (DOT), 2.63%

    In accordance with AI Fund methodology, Grayscale has adjusted AI Fund’s portfolio by selling Livepeer (LPT) and existing Fund Components in proportion to their respective weightings, and using the cash proceeds to purchase existing Fund Components in proportion to their respective weightings. As a result of the rebalancing, LPT was removed from AI Fund. At the end of the day on April 3, 2025, AI Fund’s Fund Components were a basket of the following assets and weightings**:

    • NEAR Protocol (NEAR), 30.94%
    • Bittensor (TAO), 20.42%
    • Filecoin (FIL), 20.12%
    • Render (RENDER), 19.26%
    • The Graph (GRT), 9.26%

    None of GDLC, DEFG, GSC, or AI Fund generate any income, and all regularly distribute Fund Components to pay for ongoing expenses. Therefore, the amount of Fund Components represented by shares of each fund gradually decreases over time.

    For more information, please visit grayscale.com.

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

    *The compositions of GDLC, DEFG, and GSC Fund are evaluated on a quarterly basis to remove existing Fund Components or to include new Fund Components, in accordance with the index methodologies established by the Index Provider. Holdings and weightings of each Fund are subject to change. Investors cannot directly invest in an index.

    **The composition of the AI Fund is evaluated on a quarterly basis to remove existing Fund Components or to include new Fund Components, in accordance with the fund methodology established by Grayscale as the Manager of the Fund. Holdings and weightings of the AI Fund are subject to change.

    About Grayscale® Digital Large Cap Fund

    Digital Large Cap Fund seeks to provide investors with exposure to large-cap coverage of the digital asset market through a market cap-weighted portfolio designed to track the CoinDesk Large Cap Select Index. Digital Large Cap Fund holds the largest and most liquid digital assets that meet certain trading and custody requirements and are classified in the CoinDesk Digital Asset Classification Standard (DACS); the weightings of each Fund Component change daily and are published around 4:00 p.m. NY-time. Additional information on the Index methodology can be found at: https://www.coindesk.com/indices/dlcs/.

    Digital Large Cap Fund’s investment objective is for its Shares to reflect the value of Fund Components held by the Digital Large Cap Fund, less its expenses and other liabilities. To date, the Digital Large Cap Fund has not met its investment objective and the Shares quoted on OTCQX have not reflected the value of Fund Components held by the Digital Large Cap Fund, less the Digital Large Cap Fund’s expenses and other liabilities, but instead have traded at both premiums and discounts to such value, with variations that have at times been substantial.

    Grayscale Digital Large Cap Fund LLC (“GDLC”) has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents GDLC has filed with the SEC for more complete information about GDLC and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, GDLC or any authorized participant will arrange to send you the prospectus after filing if you request it by emailing info@grayscale.com or by contacting Grayscale Securities, 290 Harbor Drive, Stamford, CT 06902.

    About Grayscale® Decentralized Finance Fund

    DeFi Fund seeks to provide investors with exposure to a selection of industry-leading decentralized finance platforms through a market cap-weighted portfolio designed to track the CoinDesk DeFi Select Index. DeFi Fund holds some of the largest and most liquid digital assets that meet certain trading and custody requirements and are classified in the DeFi sector defined by CoinDesk Digital Asset Classification Standard (DACS); the weightings of each Fund Component change daily and are published around 4:00 p.m. NY-time. Additional information on the CoinDesk DeFi Select Index methodology can be found at: https://www.coindesk.com/indices/dfx/.

    DeFi Fund’s investment objective is for its Shares to reflect the value of Fund Components held by the DeFi Fund, less its expenses and other liabilities. To date, the DeFi Fund has not met its investment objective and the Shares quoted on OTCQB have not reflected the value of Fund Components held by the DeFi Fund, less the DeFi Fund’s expenses and other liabilities, but instead have traded at both premiums and discounts to such value, with variations that have at times been substantial.

    About Grayscale® Smart Contract Fund

    GSC Fund seeks to provide investors with exposure to a selection of industry-leading Smart Contract Platforms through a market cap-weighted portfolio subject to a weightings cap, designed to track the CoinDesk Smart Contract Platform Select Capped Index. GSC Fund holds some of the largest and most liquid digital assets that meet certain trading and custody requirements, and are classified in the Smart Contract Platform sector defined by CoinDesk Digital Asset Classification Standard (DACS); the weightings of each Fund Component change daily and are published around 4:00 p.m. NY-time.

    Grayscale intends to attempt to have shares of this product quoted on a secondary market. However, there is no guarantee this will be successful. Although the shares of certain products have been approved for trading on a secondary market, investors in this product should not assume that the shares will ever obtain such an approval due to a variety of factors, including questions regulators such as the SEC, FINRA or other regulatory bodies may have regarding the product. As a result, shareholders of this product should be prepared to bear the risk of investment in the shares indefinitely.

    Smart contracts are a new technology and ongoing development may magnify initial problems, cause volatility on the networks that use smart contracts and reduce interest in them, which could have an adverse impact on the value of digital assets that deploy smart contracts.

    Extreme volatility of trading prices that many digital assets have experienced in recent periods and may continue to experience, could have a material adverse effect on the value of the products and the shares could lose all or substantially all of their value.

    Grayscale Investments Sponsors, LLC (“Grayscale Investments”) is not registered as an investment adviser under the Investment Advisers Act of 1940 and none of the investment products sponsored or managed by Grayscale are registered under the Investment Company Act of 1940.

    About Grayscale® Decentralized AI Fund

    AI Fund seeks to provide investors with exposure to protocols building Decentralized AI services, protocols building solutions to centralized AI-related problems, and infrastructure and resources critical to AI technology development.

    Grayscale intends to attempt to have shares of this new product quoted on a secondary market. However, there is no guarantee this will be successful. Although the shares of certain products have been approved for trading on a secondary market, investors in this product should not assume that the shares will ever obtain such an approval due to a variety of factors, including questions regulators such as the SEC, FINRA or other regulatory bodies may have regarding the product. As a result, shareholders of this product should be prepared to bear the risk of investment in the shares indefinitely.

    Decentralized AI is a new technology and ongoing development may magnify initial problems, cause volatility on the networks that use decentralized AI and reduce interest in them, which could have an adverse impact on the value of digital assets that rely on decentralized AI.

    Extreme volatility of trading prices that many digital assets have experienced in recent periods and may continue to experience, could have a material adverse effect on the value of the products and the shares could lose all or substantially all of their value.

    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. Grayscale products are distributed by Grayscale Securities, LLC (Member FINRA/SIPC).

    Media Contact
    press@grayscale.com

    Client Contact
    866-775-0313
    info@grayscale.com

    The MIL Network

  • MIL-OSI USA: 16 charged in sweeping Houston-based multimillion-dollar illegal gambling, money laundering conspiracy

    Source: US Immigration and Customs Enforcement

    HOUSTON – Several Houston-area residents were taken into custody April 2 on various charges including conspiracy, operating illegal game rooms, bribery, and money laundering following one of the largest law enforcement operations in East Texas history.

    The operation was led by U.S. Immigration and Customs Enforcement with assistance from IRS Criminal Investigation; the Houston Police Department; FBI; High Intensity Drug Trafficking Areas Program; Harris County Constable’s Office – Precinct One; Harris County District Attorney’s Office; Bureau of Alcohol, Tobacco, Firearms and Explosives; and Drug Enforcement Administration.

    In addition to those indicted in the scheme, authorities also arrested 31 illegal aliens on various immigration and firearms charges. One of those included an illegal alien who allegedly assaulted a law enforcement officer.

    The indictment, returned March 26 and unsealed upon the arrests, alleges Nizar Ali, 61, of Richmond, and others allegedly conspired to own, operate or assist in the operation of illegal game rooms. All also conspired to conduct financial transactions to conceal and disguise the nature and source of the proceeds of the illegal gambling business, which totaled more than $22 million, according to the charges.

    More than 700 law enforcement officers from 18 agencies served a total of 45 search and 40 seizure warrants at locations throughout Houston and the surrounding area. The locations included 30 illegal game rooms with names such as El Portal and Yellow Building.

    During the operation, authorities recovered more than $11 million in seized cash and bank accounts, as well as $5 million in property and vehicles, 2,000 slot machines, 100 Rolex watches and eight firearms. Law enforcement also seized approximately $6.5 million from bank accounts and other financial institutions pursuant to the court-issued warrants.

    In addition to Ali, others taken into custody include Naeem Ali, 33, and Amer Khan, 68, both of Richmond; Ishan Dhuka, 33, and Sahil Karovalia, 32, both of Rosenberg; Sarfarez Maredia, 38, and Shoaib Maredia, 40, both of Sugar Land; Yolanda Figueroa, 40, of Pasadena; Viviana Alvarado, 45, of LaPorte; and Anabel Eloisa Guevarra, 46, Precela Solis, 27, Maria Delarosa, 53, Claudia Calderon, 37, and Lucia Hernandez, 34, all of Houston.

    Two others – Sayed Ali, 59, of Richmond, and Stephanie Huerta, 35, of Houston – are considered fugitives and warrants remain outstanding for their arrests.

    All are charged with conspiracy, operating an illegal gambling business and interstate travel in aid of racketeering which each carry possible prison terms of five years as well as conspiracy to commit money laundering which has a maximum 20-year possible prison term. Ali is also charged with 32 counts of federal program bribery for allegedly paying more than $500,000 to an undercover officer in an attempt to protect the illicit game rooms from law enforcement intervention. If convicted, he faces up to 10 more years in prison on each count. With the exception of the money laundering charge, which has the possibility of a $500,000 maximum fine or twice the value of the property involved, the remaining counts carry a maximum $250,000 potential fine.

    Other agencies who provided support to the operation included U.S. Customs and Border Protection, Harris and Montgomery Counties’ sheriff offices, the Houston Fire Department, Texas Attorney General’s Office, Texas Department of Public Safety and Baytown and Pasadena police departments.

    Assistant U.S. Attorneys S. Mark McIntyre, John Marck and Carolyn Ferko are prosecuting the case. Assistant U.S. Attorneys Brandon Fyffe and Tyler Foster are handling the seizure and forfeiture of assets.

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

    MIL OSI USA News

  • MIL-OSI: Cipher Mining Announces March 2025 Operational Update

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 04, 2025 (GLOBE NEWSWIRE) — Cipher Mining Inc. (NASDAQ:CIFR) (“Cipher” or the “Company”) today released its unaudited production and operations update for March 2025.

    Key Highlights

    Key Metrics March 2025
    BTC Mined1 210
    BTC Sold 206
    BTC Held2 1,034
    Deployed Mining Rigs 75,000
    Month End Operating Hashrate (EH/s) 13.5
    Month End Fleet Efficiency (J/TH) 18.9

    1 Includes March power sales estimates (based on current meter data and nodal prices) equivalent to 3 bitcoin (using month-end bitcoin price of $82,945) and 26 BTC mined at JV data centers representing Cipher’s ownership

    2 Includes ~394 BTC pledged as collateral

    Management Commentary for March

    In March, Cipher demonstrated the strength of its mining operation with another month of consistent production. Since the last update, the company has continued to make substantial progress on the construction of Black Pearl, highlighted by the ahead of schedule receipt of our second transformer for the site. In addition, Cipher maintains high conviction in the HPC opportunity, and in the significant value of our pipeline for HPC compute.

    Bitcoin Production and Operations Updates for March 2025

    Cipher produced ~2101 BTC in March. As part of its regular treasury management process, Cipher sold ~206 BTC in March, ending the month with a balance of ~1,0342 BTC.

    Black Pearl construction continues to progress ahead of schedule.

    About Cipher

    Cipher is focused on the development and operation of industrial-scale data centers for bitcoin mining and HPC hosting. Cipher aims to be a market leader in innovation, including in bitcoin mining growth, data center construction and as a hosting partner to the world’s largest HPC companies. To learn more about Cipher, please visit https://www.ciphermining.com/.

    Forward-Looking Statements

    This press release contains certain forward-looking statements within the meaning of the federal securities laws of the United States. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Any statements made in this press release that are not statements of historical fact, such as, statements about the Company’s beliefs and expectations regarding its planned business model and strategy, its bitcoin mining and HPC data center development, timing and likelihood of success, capacity, functionality and timing of operation of data centers, expectations regarding the operations of data centers, potential strategic initiatives, such as joint ventures and partnerships, and management plans and objectives, are forward-looking statements and should be evaluated as such. These forward-looking statements generally are identified by the words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “seeks,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “strategy,” “future,” “forecasts,” “opportunity,” “predicts,” “potential,” “would,” “will likely result,” “continue,” and similar expressions (including the negative versions of such words or expressions).

    These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Cipher and its management, are inherently uncertain. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: volatility in the price of Cipher’s securities due to a variety of factors, including changes in the competitive and regulated industry in which Cipher operates, Cipher’s evolving business model and strategy and efforts it may make to modify aspects of its business model or engage in various strategic initiatives, variations in performance across competitors, changes in laws and regulations affecting Cipher’s business, and the ability to implement business plans, forecasts, and other expectations and to identify and realize additional opportunities. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Cipher’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission (“SEC”) on February 25, 2025, and in Cipher’s subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Cipher assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    _____________________________

    1 Includes March power sales estimates (based on current meter data and nodal prices) equivalent 3 bitcoin (using month-end bitcoin price of $82,945) and 26 BTC mined at JV data centers representing Cipher’s ownership

    2 Includes ~394 BTC pledged as collateral

    Website Disclosure

    The company maintains a dedicated investor website at https://investors.ciphermining.com/ (“Investors’ Website”). Financial and other important information regarding the Company is routinely posted on and accessible through the Investors Website. Cipher uses its Investors’ Website as a distribution channel of material information about the Company, including through press releases, investor presentations, reports and notices of upcoming events. Cipher intends to utilize its Investors’ Website as a channel of distribution to reach public investors and as a means of disclosing material non-public information for complying with disclosure obligations under Regulation FD. In addition, you may sign up to automatically receive email alerts and other information about the Company by visiting the “Email Alerts” option under the Investors Resources section of Cipher’s Investors’ Website and submitting your email address.

    Contacts:
    Investor Contact:
    Courtney Knight
    Head of Investor Relations at Cipher Mining
    courtney.knight@ciphermining.com

    Media Contact:
    Ryan Dicovitsky / Kendal Till
    Dukas Linden Public Relations
    CipherMining@DLPR.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2cf6789b-60a7-46dd-85e3-468e9ca2cacd

    The MIL Network

  • MIL-OSI: Wintrust Financial Corporation Announces Cash Dividends

    Source: GlobeNewswire (MIL-OSI)

    ROSEMONT, Ill., April 04, 2025 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust” or the “Company”) (Nasdaq: WTFC) today announced that the Company’s Board of Directors approved a quarterly cash dividend of $0.50 per share of outstanding common stock. The dividend is payable on May 22, 2025 to shareholders of record as of May 8, 2025.

    Additionally, the Company’s Board of Directors approved quarterly cash dividends on outstanding shares of the Company’s 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series D and of the Company’s 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E. Each dividend is payable on July 15, 2025 to shareholders of record as of July 1, 2025.

    About Wintrust

    Wintrust is a financial holding company with $64.9 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results®” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. For more information, please visit wintrust.com.

    Forward-Looking Information

    This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Wintrust’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in Wintrust’s Annual Report on Form 10-K for the most recently ended fiscal year. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

    FOR MORE INFORMATION CONTACT:
    Timothy S. Crane, President & Chief Executive Officer
    David A. Dykstra, Vice Chairman & Chief Operating Officer
    (847) 939-9000
    Website address: www.wintrust.com

    The MIL Network

  • MIL-OSI: Triumph Financial Announces Schedule for First Quarter 2025 Earnings Release and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, April 04, 2025 (GLOBE NEWSWIRE) — Triumph Financial, Inc. (Nasdaq: TFIN) today announced that it expects to release its first quarter financial results and management commentary after the market closes on Wednesday, April 16, 2025. Upon filing, the financial results and commentary will be available on the Company’s website at tfin.com.

    Aaron P. Graft, Vice Chairman and CEO, and Brad Voss, CFO, will review the financial results in a conference call with investors and analysts beginning at 9:30 a.m. central time on Thursday, April 17, 2025.

    The live video conference option may be accessed directly through this link, https://triumph-financial-q1-2025-earnings.open-exchange.net/ or via the Company’s website at tfin.com through the News & Events, Events & Presentations links. Alternatively, a live conference call option is available by dialing 1-833-928-4610 (International: 1-800-456-1369) requesting to be joined to meeting ID 970 6106 3843 at the prompt. An archive of this conference call will subsequently be available at this same location, referenced above, on the Company’s website.

    About Triumph

    Triumph Financial, Inc. (Nasdaq: TFIN) is a financial holding company focused on payments, factoring, intelligence and banking. Headquartered in Dallas, Texas, its diversified portfolio of brands includes TriumphPay, Triumph, TBK Bank and LoadPay.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Triumph Financial’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 11, 2025. Forward-looking statements speak only as of the date made and Triumph Financial undertakes no duty to update the information.

    Source: Triumph Financial, Inc.

    Investor Relations:
    Luke Wyse
    Senior Vice President, Head of Investor Relations
    lwyse@tfin.com
    214-365-6936

    Media Contact:
    Amanda Tavackoli
    Senior Vice President, Director of Corporate Communication
    atavackoli@tfin.com
    214-365-6930

    The MIL Network

  • MIL-OSI Security: Three Men Sentenced for Their Roles in a Deadly Human Smuggling Operation in Santa Teresa

    Source: Office of United States Attorneys

    ALBUQUERQUE – Three men involved in a coordinated human smuggling operation in Santa Teresa, New Mexico, have been sentenced after their actions led to a fatal vehicle collision that claimed the lives of two undocumented non-citizens.

    There is no parole in the federal system.

    According to court records, on June 23, 2023, Jose Hermosillo-Camarillo, 22, of Albuquerque, drove a vehicle carrying four undocumented non-citizens at high speeds through Santa Teresa, New Mexico, with Jesus Manuel Soto, 20, a Mexican national, as a passenger in the same vehicle. Despite no law enforcement engaging in a high-speed pursuit, Hermosillo-Camarillo drove recklessly, running two red lights and attempting an illegal U-turn at an intersection. This resulted in his vehicle being struck by a semi-truck traveling at 60 mph, causing severe injuries to the occupants and leading to the deaths of two—one at the scene and another later at the hospital. U.S. Border Patrol agents responded to render aid and secure the area until New Mexico State Police arrived and took command.

    Sergio Raul Diaz, 20, also of Albuquerque, drove a second vehicle in tandem with Hermosillo-Camarillo’s car. After the collision, Diaz fled into Texas at high speeds, running a red light and evading capture until his vehicle was immobilized by a tire deflation device. Four undocumented non-citizens from Diaz’s vehicle attempted to flee on foot but were apprehended by U.S. Border Patrol. Troopers from the Texas Department of Public Safety arrested Diaz at the scene.

    Survivors revealed that smugglers charged approximately $1,500 per person for transportation. They also identified Soto as the foot guide that led them across the U.S.-Mexico border to meet Hermosillo-Camarillo and Diaz.

    Court records revealed that Hermosillo-Camarillo had been arrested previously for similar offenses in New Mexico and Arizona but had not been charged.

    Hermosillo-Camarillo, Soto, and Diaz each pled guilty to one count of conspiracy to transport an illegal alien resulting in death. Hermosillo-Camarillo was sentenced to 144 months in prison, followed by three years of supervised release. Soto received an 18-month prison sentence and will face deportation proceedings upon his release. Diaz was sentenced to 42 months in prison, followed by three years of supervised release.

    Acting U.S. Attorney Holland S. Kastrin and Jason T. Stevens, Special Agent in Charge of Homeland Security Investigations (HSI) El Paso, made the announcement today.

    Homeland Security Investigations investigated this case with assistance from U.S. Border Patrol, New Mexico State Police, Hatch Police Department, Texas Department of Public Safety and New Mexico Department of Safety. Assistant U.S. Attorney Randy M. Castellano prosecuted the case as part of Operation Take Back America, a nationwide initiative that marshals the full resources of the Department of Justice to repel the invasion of illegal immigration, achieve the total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from the perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    MIL Security OSI

  • MIL-OSI USA: Wyden Statement Following Finance Committee Vote on Bisignano Nomination to Lead Social Security

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)

    April 04, 2025

    Washington, D.C. — Senate Finance Committee Ranking Member Ron Wyden, D-Ore., today issued the following statement after the committee voted off the Senate floor on the nomination of Frank Bisignano to be the commissioner of Social Security. The vote was 14-13, a party line.

    “By moving ahead with this vote, the Republican majority is sending a simple message to whistleblowers: put your whistles away,” Wyden said. “This level of disregard for whistleblower protection is unprecedented in the modern era of the Finance Committee. As the co-chair of the Whistleblower Caucus, along with former-Chairman Chuck Grassley, I am disturbed that the majority is unwilling to exercise its own judgement and work on a bipartisan basis to verify whether a nominee lied to the Finance Committee. Social Security is too important to Americans to stand by and do nothing while the Senate’s advice and consent role is thrown in the dust bin.”

    At the Finance Committee’s confirmation for Bisignano, Wyden asked the nominee to respond to a letter from a former senior official at Social Security alleging Bisignano was intimately involved in agency activities, including consulting with DOGE officials and rushing through the onboarding process for Akash Bobba, disregarding privacy laws and other safeguards raised by career employees at Social Security.

    MIL OSI USA News

  • MIL-OSI Canada: Returning snowbirds are reminded of tariffs on certain U.S. goods

    Source: Government of Canada News (2)

    April 4, 2025
    Ottawa, Ontario

    The Canada Border Services Agency (CBSA) and the Canadian Snowbird Association remind Canadians who have spent the winter in warmer climates to plan ahead for a smooth return home.

    In response to U.S. tariffs on Canadian-made goods, Canada has imposed a 25% counter tariff on certain U.S. products brought into Canada. The CBSA is collecting the tariffs on behalf of the Government of Canada in the form of a surtax.

    This means you may need to pay a surtax (as well as any applicable duties and taxes) on some of the goods you have purchased and are bringing back with you from the U.S. The lists of these products is on the Department of Finance website: products surtaxed as of March 4 and as of March 13. The surtax is assessed by the CBSA at the port of entry and must be paid before you enter Canada.

    Remember that residents of Canada have personal exemptions that allow them to bring goods, including alcohol and tobacco (up to a certain value), back to Canada without paying regular duty and taxes.

    For example, if you have been away for 48 hours or more, you can claim goods worth up to CAN$800 without paying duties or taxes, including the new surtax. The surtax only applies on the amount of goods that exceeds your personal exemption.

    Be sure to have your receipts readily available for any goods you are bringing with you. For goods that exceed your personal exemption limits, you may be required to provide proof of where the goods were made, produced or originated from (proof of origin).

    Whether travelling by land, air or water, you can help speed up processing times by having your travel documents handy. We encourage you to read and follow our travel tips before arriving at the border.

    MIL OSI Canada News

  • MIL-OSI USA: Little league coach sentenced to 10 years for attempting to meet a 13-year-old child to engage in sexual activity

    Source: US Immigration and Customs Enforcement

    OCALA, Fla. – A Florida little league baseball coach has been sentenced April 1 to 10 years in federal prison, followed by a lifetime term of supervised release, for attempted enticement of a minor to engage in sexual activity following an investigation by U.S. Immigration and Customs Enforcement.  

    Joseph Rocco Quaranta, 48, of Dunnellon, pleaded guilty on Nov. 19, 2024.

    “The sentencing of this former little league baseball coach serves as a reminder that predatory action against children will not be tolerated, and we will use every resource at our disposal to ensure that justice is served,” said ICE Homeland Security Investigations Orlando Assistant Special Agent in Charge David Pezzutti. “HSI, alongside our partners at the Marion County Sheriff’s Office, the Ocala Police Department, and the Florida Department of Law Enforcement, is unwavering in its commitment to protect our children from predators who seek to exploit them.”   

    According to court documents, on July 25, 2024, an undercover detective with the Marion County Sheriff’s Office posed online as a 13-year-old girl. Quaranta contacted the detective’s account and, after learning the child’s age, engaged in a sexually explicit conversation. Quaranta then arranged to meet the child at a predetermined location in Marion County to engage in sexual activity. When Quaranta arrived at the meeting location, he was arrested. After his arrest, Quaranta admitted to deputies that he had been volunteering as a local little league baseball coach.

    This case was investigated by ICE Homeland Security Investigations Orlando, the Marion County Sheriff’s Office, the Ocala Police Department, and the Florida Department of Law Enforcement. It was prosecuted by Assistant U.S. Attorney Sarah Janette Swartzberg.

    MIL OSI USA News

  • MIL-OSI USA: Secretary of State Denny Hoskins Highlights Investor Protection Tools During America Saves Week

    Source: US State of Missouri

     

     

    Secretary of State Denny Hoskins Highlights Investor Protection Tools During America Saves Week

    • Complementary editorial penned by the Secretary attached for use.

     

    JEFFERSON CITY, Mo. — As part of America Saves Week (April 8–12, 2025), Missouri Secretary of State Denny Hoskins, CPA, and the Securities Division are reminding Missourians of the importance of intentional financial planning — and the tools available to help protect their savings and investments.

     

    While the Secretary of State’s Office does not directly regulate traditional savings accounts, the week presents a valuable opportunity to raise awareness about the intersection of personal saving and investing — particularly when it comes to retirement planning and protecting vulnerable investors.

     

    “Financial intention is about more than saving money — it’s about protecting it,” said Secretary Hoskins. “Whether you’re planning for retirement, managing an inheritance, or investing for the first time, you need to do so with care, intention, and the right partners.”

     

    The Office of the Missouri Secretary of State encourages Missourians to:

     

    • Add a Trusted Contact to brokerage accounts. In conjunction with the Missouri’s Senior Savings Protection Act, state and federal law, empowers financial professionals to delay disbursements and alert a designated Trusted Contact if they suspect exploitation. “Adding a Trusted Contact is one of the simplest and most effective steps investors can take to protect themselves or their loved ones from fraud and financial abuse,” said Securities Commissioner Michael O’Donnell.
    • Be cautious when rolling over a 401(k). If you’re considering moving retirement savings from a 401(k) to an Individual Retirement Account (IRA), it’s critical to vet the broker or investment adviser you’re planning to work with. You can research a professional’s background at https://brokercheck.finra.org, or call the Securities Division’s Investor Protection Hotline at (800) 721-7996 for help.
    • Understand that consistent, intentional saving is key. Align your financial goals and risk tolerance, and don’t fall for “get rich quick” schemes that promise guaranteed returns.

     

    “Saving and investing can be powerful tools for building a more secure future — but only when done wisely,” said O’Donnell. “During America Saves Week, we’re reminding all Missourians that it’s not just about how much you save, but how you protect and grow those savings over time.”

     

    For more investor education tools and to report concerns, visit http://www.sos.mo.gov/securities.

     

    To explore savings tips and resources during America Saves Week, visit https://americasavesweek.org.

     

    About Secretary of State Denny Hoskins

    Denny Hoskins, CPA, was elected Missouri’s 41st Secretary of State in November 2024. With a strong background in business and public service, he is committed to improving government efficiency, transparency, and supporting Missouri families.

     

    For more information, please contact: Rachael Dunn, Director of Communications, via email at [email protected].

    MIL OSI USA News

  • MIL-OSI United Nations: Human Rights Council Concludes Fifty-Eighth Regular Session after Adopting 32 Resolutions

    Source: United Nations – Geneva

    Extends 16 Country Specific and Thematic Mandates and Establishes an Intergovernmental Working Group to Draft a Legally Binding Instrument on the Human Rights of Older Persons

     

    Invites General Assembly to Consider Establishing a Mechanism to Assist in the Investigation and Prosecution of Persons Responsible for the Most Serious Crimes Committed by All Parties in the Occupied Palestinian Territory, including East Jerusalem, and Israel since 2014

     

    The Human Rights Council today concluded its fifty-eighth regular session after adopting 32 resolutions.  In these texts, among other things, the Council voted to extend 16 country specific and thematic mandates, and to establish an open-ended intergovernmental working group to draft an international legally binding instrument on the human rights of older persons.

    In a resolution on the human rights situation in the Occupied Palestinian Territory, including East Jerusalem, and the obligation to ensure accountability and justice, the Council invited the General Assembly to consider establishing an ongoing international, impartial and independent mechanism to assist in the investigation and prosecution of persons responsible for the most serious crimes under international law committed by all parties in the Occupied Palestinian Territory, including East Jerusalem, and Israel since 2014.  The Council also adopted resolutions on human rights in the occupied Syrian Golan, the right of the Palestinian people to self-determination, and on Israeli settlements in the Occupied Palestinian Territory, including East Jerusalem, and in the occupied Syrian Golan. 

    The Council extended 13 country mandates during the session.  It decided to extend, for a period of one year, the mandate of the Commission on Human Rights in South Sudan under agenda item two.  It also extended, for a period of one year, the mandates of the Special Rapporteur on the situation of human rights in the Democratic People’s Republic of Korea; the Special Rapporteur on the situation of human rights in Belarus and the Group of Independent Experts on the Situation of Human Rights in Belarus; the Special Rapporteur on the situation of human rights in Myanmar; the Special Rapporteur on the situation of human rights in the Islamic Republic of Iran and the Independent International Fact-Finding Mission on the Islamic Republic of Iran; the Independent International Commission of Inquiry on Ukraine; and the Independent International Commission of Inquiry on the Syrian Arab Republic under agenda item four.

    Under agenda item 10, the Council extended for a period of one year the mandates of the Independent Expert on the situation of human rights in Mali; and the independent human rights expert appointed by the High Commissioner and tasked with undertaking the monitoring of the human rights situation in Haiti.  It also extended, for a period of two years, the mandate of the Group of Human Rights Experts on Nicaragua; and the capacity of the Office of the High Commissioner, including its field-based structure in Seoul, to allow the implementation of relevant recommendations made by the group of independent experts on accountability for human rights violations in the Democratic People’s Republic of Korea in its report, under agenda item four.

    The Council decided to extend, for a period of three years, the mandates of the

    Special Rapporteur on freedom of religion or belief, the Special Rapporteur on the right to food, and the Special Rapporteur on the promotion and protection of human rights and fundamental freedoms while countering terrorism.

    The Council requested its Advisory Committee to prepare, in close cooperation with the Special Rapporteur on the negative impact of unilateral coercive measures, an in-depth study review on the negative impact of unilateral coercive measure on the right to health of individuals in vulnerable situations.  It also requested its Advisory Committee to draft a set of recommended guidelines for applying the existing human rights framework to the conception, design, development, testing, use and deployment of neurotechnologies.

    Further resolutions adopted concerned cultural rights and the protection of cultural heritage; the negative impact of the non-repatriation of funds of illicit origin to the countries of origin on the enjoyment of human rights; human rights, democracy and the rule of law; the question of the realisation in all countries of economic, social and cultural rights; the promotion of the enjoyment of the cultural rights of everyone and respect for cultural diversity; the effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights, particularly economic, social and cultural rights; women, diplomacy and human rights; the human right to a clean, healthy and sustainable environment: ocean and human rights; the impact of anti-personnel mines on the full enjoyment of all human rights; human rights defenders and new and emerging technologies; combatting intolerance, negative stereotyping and stigmatisation of, and discrimination, incitement to violence and violence against, persons based on religion or belief; and technical assistance and capacity-building for South Sudan.

    The Council appointed three members of the Expert Mechanism on the Rights of Indigenous Peoples: Member from Central and Eastern Europe, the Russian Federation, Central Asia and Transcaucasia, Antonina Gorbunova (Russian Federation); Member from Central and South America, and the Caribbean, Anexa Brendalee Alfred Cunningham (Nicaragua); and member from the Pacific, Valmaine Toki (New Zealand).

    The Council also adopted ad referendum the draft report of the fifth-eighth session.

    Jürg Lauber, President of the Human Rights Council, said the Council had reviewed and adopted the results of the Universal Periodic Review of 14 countries; adopted 32 resolutions; and appointed three mandate holders of the Expert Mechanism on the Rights of Indigenous Peoples.  He expressed sincere gratitude to the Bureau of the Council, the Secretariat, and the Member States, for their support and cooperation during the session.

    The fifty-ninth regular session of the Human Rights Council is scheduled to be held from 16 June to 11 July 2025.

    Action on Resolutions

    Action on Resolutions Under Agenda Item Two on the Annual Report of the United Nations High Commissioner for Human Rights and Reports of the Office of the High Commissioner and the Secretary-General

    In a resolution (A/HRC/58/L.6) on Advancing human rights in South Sudan, adopted by a vote of 24 in favour, 6 against and 17 abstentions, the Council decides to extend the mandate of the Commission on Human Rights in South Sudan, composed of three members, for a further period of one year; requests the Commission to present a comprehensive report on the situation of human rights in South Sudan to the Council at its sixty-first session, to be followed by an enhanced interactive dialogue, and that the report and an easy-to-read version of it be made available on the website of the Office of the High Commissioner in an accessible format and also requests the Commission to present its latest report, in combination with an oral update on its work, to the General Assembly at its eightieth session, followed by an interactive dialogue. 

    In a resolution (A/HRC/58/L.30/Rev.1) on the Human rights situation in the Occupied Palestinian Territory, including East Jerusalem, and the obligation to ensure accountability and justice, adopted by a vote of 27 in favour, 4 against and 16 abstentions (as orally revised), the Council reiterates its request to the Commission of Inquiry to report on both the direct and the indirect transfer or sale of arms, munitions, parts, components and dual-use items to Israel, the occupying Power, and requests, instead, that the report be submitted to the Council at its sixty-first session; invites the General Assembly to consider establishing an ongoing international, impartial and independent mechanism to assist in the investigation and prosecution of persons responsible for the most serious crimes under international law committed by all parties in the Occupied Palestinian Territory, including East Jerusalem, and Israel since 2014, to closely cooperate with the Commission of Inquiry to collect, consolidate, preserve and analyse evidence of violations of international law and violations and abuses of human rights, and to prepare case files in order to facilitate and expedite fair and independent criminal proceedings, in accordance with international legal standards, in national, regional and international courts or tribunals that have or may in the future have jurisdiction over these crimes, in accordance with international law; and requests the United Nations High Commissioner for Human Rights to report on the implementation of the present resolution to the Human Rights Council at its sixty-first session, to be followed by an interactive dialogue.

    Action on Resolutions Under Agenda Item Three on the Promotion and Protection of All Human Rights, Civil, Political, Economic, Social and Cultural Rights, including the Right to Development.

    In a resolution (A/HRC/58/L.1) on the Negative impact of unilateral coercive measures on the enjoyment of human rights, adopted by a vote of 28 in favour, 16 against and 3 abstentions, the Council requests the Advisory Committee of the Council to prepare, in close cooperation with the Special Rapporteur on the negative impact of unilateral coercive measures, an in-depth study review on the negative impact of unilateral coercive measure on the right to health of individuals in vulnerable situations, and to present its comprehensive report and findings to the Council at its sixty-fourth session; requests the Office of the United Nations High Commissioner for Human Rights to organise a biennial panel discussion, to be held at the sixtieth session of the Council, on the impact of unilateral coercive measures and overcompliance on the right to food and food security, and requests the Special Rapporteur to act as rapporteur of the panel discussion and to prepare a report thereon, and to submit and present the report to the Council at its sixty-first session. 

    In a resolution (A/HRC/58/L.4/Rev.1) on Cultural rights and the protection of cultural heritage, adopted without a vote, the Council requests the High Commissioner to convene, before the sixty-fourth session of the Council, a one-day workshop to review and promote the tools for the dissemination of good practices and possible methods of, as well as challenges encountered in, implementing an approach to digital heritage that promotes universal respect for cultural rights by all, and to make the workshop accessible to persons with disabilities; also requests the High Commissioner to submit a report thereon to the Council at its sixty-sixth session; and decides to remain seized of the matter.

    In a resolution (A/HRC/58/L.5) on Freedom of religion or belief, adopted without a vote, the Council decides to extend the mandate of the Special Rapporteur on freedom of religion or belief for a further period of three years; requests the Special Rapporteur to report annually to the Council and to the General Assembly in accordance with their respective programmes of work; and decides to remain seized of this question under the same agenda item and to continue its consideration of measures to implement the Declaration on the Elimination of All Forms of Intolerance and of Discrimination Based on Religion or Belief.

    In a resolution (A/HRC/58/L.9) on Neurotechnology and human rights, adopted without a vote, the Council requests its Advisory Committee to draft a set of recommended guidelines for applying the existing human rights framework to the conception, design, development, testing, use and deployment of neurotechnologies and to present it to the Council at its sixty-fourth session.

    In a resolution (A/HRC/58/L.16) on the Negative impact of the non-repatriation of funds of illicit origin to the countries of origin on the enjoyment of human rights, and the importance of improving international cooperation, adopted by a vote of 29 in favour, 15 against and 3 abstentions, the Council requests the High Commissioner for Human Rights to organise, prior to the sixty-second session of the Council, a one-day intersessional expert meeting, fully accessible to persons with disabilities, on strengthening international cooperation and shared responsibilities in facilitating the repatriation of illicit funds to advance human rights; requests the Office of the High Commissioner for Human Rights to organise, before the sixty-third session of the Council, a regional expert meeting in Africa on ways to support governments’ efforts in repatriating funds of illicit origin; and also requests the Office of the High Commissioner to prepare a substantive report on enhancing international cooperation and national efforts to facilitate the repatriation of illicit funds and ensure the effective use of repatriated funds for sustainable development and realisation of economic, social and cultural rights, and to present the report to the Council at its sixty-fourth session.

    In a resolution (A/HRC/58/L.17/Rev.1) on Human rights, democracy and the rule of law, adopted without a vote, the Council decides that the theme of the sixth session of the Forum on Human Rights, Democracy and the Rule of Law, to be held in 2026, will be “Education for civic participation: empowering future generations, fostering knowledge and critical thinking”; and decides that participation in the sixth session of the Forum will be in accordance with the modalities set out by the Council in its resolutions 28/14, 34/41, 40/9, 46/4 and 52/22.

    In a resolution (A/HRC/58/L.7) on the Question of the realisation in all countries of economic, social and cultural rights, adopted without a vote, the Council decides to convene, at its sixty-first session, a panel discussion, accessible to persons with disabilities and open to the participation of States and other relevant stakeholders, on promising practices and measures to mobilise public resources to finance sustainable development in a manner consistent with States’ economic, social and cultural rights obligations; and requests the Secretary-General to prepare and submit to the Council, at its sixty-fourth session, a report, in formats accessible to persons with disabilities, on the question of the realisation in all countries of economic, social and cultural rights under agenda item 3.

    Before the resolution was adopted, the Council rejected amendment L.33 by a vote of 9 in favour, 24 against and 13 abstentions.

    In a resolution (A/HRC/58/L.12) on the Mandate of the Special Rapporteur on the right to food, adopted without a vote, the Council decides to extend the mandate of the Special Rapporteur on the right to food for a period of three years; requests the Special Rapporteur to provide advice and guidance to States and all relevant stakeholders on shaping food systems governance in line with international human rights law; and requests the Special Rapporteur to report annually on the implementation of the mandate to the Council and the General Assembly in accordance with their programmes of work. 

    In a resolution (A/HRC/58/L.13) on the Promotion of the enjoyment of the cultural rights of everyone and respect for cultural diversity, adopted without a vote, the Council requests the Special Rapporteur to continue to work with relevant stakeholders towards the comprehensive promotion and protection of cultural rights, and to report regularly to the Council and the General Assembly, in accordance with their respective programmes of work. 

    In a resolution (A/HRC/58/L.14) on the Effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights, particularly economic, social and cultural rights, adopted by a vote of 29 in favour, 12 against and 6 abstentions, the Council requests the High Commissioner for Human Rights to provide global analytical and policy strategies in the context of reforms of the international financial architecture; and requests the Independent Expert on the effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights, particularly economic, social and cultural rights, to continue to report regularly to the Council and the General Assembly in accordance with their programmes of work.

    In a resolution (A/HRC/58/L.24/Rev.1) on the Open-ended intergovernmental working group for the elaboration of a legally binding instrument on the promotion and protection of the human rights of older persons, adopted without a vote, the Council decides to establish an open-ended intergovernmental working group with the mandate of elaborating and submitting to the Council a draft international legally binding instrument on the human rights of older persons with the objective of promoting, protecting and ensuring the full enjoyment of human rights by older persons; also decides that the open-ended intergovernmental working group will meet for two five-day sessions each year in Geneva in a hybrid format, should the General Assembly agree to reintroduce such a format, and that it will be webcast, and that the organisational session should be held before the end of 2025 and no later than the start of the sixty-first session of the Human Rights Council, for three working days; and requests the open-ended intergovernmental working group to submit a report on progress made to the Council for its consideration at its sixty-third session and to make the report available in an easy-to-read accessible format.

    In a resolution (A/HRC/58/L.29) on the Mandate of the Special Rapporteur on the promotion and protection of human rights and fundamental freedoms while countering terrorism, adopted without a vote, the Council decides to extend the mandate of the Special Rapporteur on the promotion and protection of human rights and fundamental freedoms while countering terrorism for a period of three years, with the same terms as provided for by the Human Rights Council in its resolution 49/10.

    In a resolution (A/HRC/58/L.15) on Women, diplomacy and human rights, adopted without a vote, the Council decides to commemorate the International Day of Women in Diplomacy during one panel at the annual full-day discussion on the human rights of women, to be held during the fifty-ninth, the sixty-second and the sixty-fifth sessions of the Council, including with discussions on the elimination of discrimination and structural barriers that hinder women’s participation and representation in decision-making; and invites all States, organizations of the United Nations system and civil society to participate in this celebration.

    In a resolution (A/HRC/58/L.26/Rev.1) on the Human right to a clean, healthy and sustainable environment: ocean and human rights, adopted without a vote, the Council calls upon States to adopt and implement strong laws ensuring, among other things, the rights to participation, to access to information and to justice, including to an effective remedy, in environmental matters; and calls upon all States to conserve, protect and restore healthy ecosystems and biodiversity and to ensure their sustainable management and use by applying a human rights-based approach that emphasizes participation, inclusion, transparency and accountability in the management of natural resources.

    In a resolution (A/HRC/58/L.21) on the Impact of anti-personnel mines on the full enjoyment of all human rights, adopted without a vote, the Council calls upon all States and other relevant stakeholders to cooperate effectively to address the impact of anti-personnel mines on the protection and promotion of all human rights; and requests the High Commissioner for Human Rights to prepare a report, in consultation with States and other relevant stakeholders, on the impact of antipersonnel mines on the enjoyment of all human rights, with particular emphasis on economic, social and cultural rights, and to present the report to the Council at its sixty-second session, followed by an interactive dialogue.

    In a resolution (A/HRC/58/L.27/Rev.1) on Human rights defenders and new and emerging technologies: protecting human rights defenders, including women human rights defenders, in the digital age, adopted without a vote (as orally revised), the Council requests the Office of the High Commissioner for Human Rights to convene three regional workshops, including through hybrid modalities, to assess risks created by digital technologies to human rights defenders and best practices to respond to these concerns in different geographical areas, bearing in mind current and emerging business models and gender, geographic and other digital divides and sensitivities, with participation from civil society, human rights defenders and the private sector; and also requests the Office of the High Commissioner to prepare a report containing a summary of those consultations, which could include recommendations for due diligence and improved responses to risks created by digital technologies to human rights defenders, including those exposed to discrimination and those working in situations of armed conflict, and to present it to the Council at its sixty-third session.

    Before the resolution was adopted, the Council rejected amendment L.35 by a vote of 4 in favour, 26 against and 15 abstentions; L.36 by a vote of 10 in favour, 23 against and 14 abstentions; and L.37 by a vote of 7 in favour, 24 against and 15 abstentions.

    Action on Resolutions Under Agenda Item Four on Human Rights Situations that Require the Council’s Attention 

    In a resolution (A/HRC/58/L.2) on the Situation of human rights in the Democratic People’s Republic of Korea, adopted without a vote, the Council decides to renew, for a period of two years, the capacity of the Office of the High Commissioner, including its field-based structure in Seoul, to allow the implementation of relevant recommendations made by the group of independent experts on accountability for human rights violations in the Democratic People’s Republic of Korea in its report; requests the High Commissioner to provide an oral update on the progress made in this regard to the Council at its sixty-first session and to submit a full report on the implementation of the recommendations to the Council at its sixty-fourth session; decides to extend the mandate of the Special Rapporteur on the situation of human rights in the Democratic People’s Republic of Korea, in accordance with Council resolution 37/28, for a period of one year; and requests the Office of the High Commissioner to continue to organise a series of consultations and outreach activities with victims, affected communities and other relevant stakeholders. 

    In a resolution (A/HRC/58/L.3) on the Promotion and protection of human rights in Nicaragua, adopted by a vote of 29 in favour, 4 against and 14 abstentions, the Council decides to renew, for a period of two years, the mandate of the Group of Human Rights Experts on Nicaragua as established in its resolution 49/3; requests the Group to submit a comprehensive report to the Council at its sixty-first and sixty-fourth sessions, during an interactive dialogue, and to present an oral update to the Council at its sixtieth and sixty-third sessions; also requests the Group to present its most recent report, in combination with an oral update on its work, to the General Assembly at its eightieth and eighty-first sessions, followed by an interactive dialogue; and requests the High Commissioner to strengthen monitoring and engagement, including by preparing reports that are comprehensive, gender-responsive and take into account race and ethnic origin on the situation of human rights in Nicaragua, and to present them to the Council at its sixtieth and sixty-third sessions, to be followed by an interactive dialogue, and to present an oral update to the Council at its fifty-ninth and sixty-second sessions.

    In a resolution (A/HRC/58/L.10) on the Situation of human rights in Belarus, adopted by a vote of 25 in favour, 5 against and 17 abstentions, adopted without a vote (as orally revised), the Council decides to extend the mandate of the Special Rapporteur on the situation of human rights in Belarus for a further period of one year, effective from the end of its fifty-ninth session, and requests the Special Rapporteur to continue to monitor developments and to make recommendations on ways to strengthen respect for and protection and fulfilment of human rights in Belarus, and to submit a report on the situation of human rights in Belarus to the Council at its sixty-second session and to the General Assembly at its eighty-first session, including in an easy-to-read version and in an accessible format; also decides to extend the mandate of the Group of Independent Experts on the Situation of Human Rights in Belarus for a further period of one year; and requests the Group of Independent Experts to give an oral update to the Council at its sixtieth session and to present a comprehensive report at its sixty-first session, including in an easy-to-read version and in an accessible format, both to be followed by an interactive dialogue. 

    In a resolution (A/HRC/58/L.11/Rev.1) on the Situation of human rights in Myanmar, adopted without a vote (as orally revised), the Council calls for the timely designation of a resident coordinator of United Nations local agencies in Myanmar on a permanent basis; decides to extend the mandate of the Special Rapporteur on the situation of human rights in Myanmar for a further period of one year; requests the Special Rapporteur to present, during an enhanced interactive dialogue, an oral update to the Council at its fifty-ninth session and to submit a report to the Third Committee of the General Assembly at its eightieth session and to the Council at its sixty-first session, and also requests the Special Rapporteur to continue to monitor the situation of human rights in Myanmar; requests the High Commissioner to submit to the Council, at its sixty-second session, a comprehensive report on the overall situation of human rights in Myanmar; and reiterates the need to establish a country office of the Office of the High Commissioner for Human Rights in Myanmar and to issue a standing invitation to all special procedures of the Council. 

    In a resolution (A/HRC/58/L.20/Rev.1) on the Situation of human rights in the Islamic Republic of Iran, adopted by a vote of 24 in favour, 8 against and 15 abstentions, the Council decides to extend the mandate of the Special Rapporteur on the situation of human rights in the Islamic Republic of Iran for a further period of one year in order to continue to monitor the ongoing situation of human rights, and requests the Special Rapporteur to submit a report to the Council at its sixty-first session and to the General Assembly at its eightieth session; also decides that the Independent International Fact-Finding Mission on the Islamic Republic of Iran should continue for one year to thoroughly and independently monitor and investigate allegations of recent and ongoing serious human rights violations in the Islamic Republic of Iran; and requests the Fact-Finding Mission to present a report to the Council at its sixty-first session during a joint interactive dialogue with the Special Rapporteur, and to present an oral update, to be followed by an interactive dialogue, on the implementation of the mandate to the General Assembly at its eightieth session. 

    In a resolution (A/HRC/58/L.22) on the Situation of human rights in Ukraine stemming from the Russian aggression, adopted by a vote of 25 in favour, 4 against and 18 abstentions, the Council decides to extend the mandate of the Independent International Commission of Inquiry on Ukraine, defined by the Human Rights Council in its resolution 49/1, for a further period of one year, complementing, consolidating and building upon the work of the human rights monitoring mission in Ukraine, in close coordination with the human rights monitoring mission in Ukraine and the Office of the United Nations High Commissioner for Human Rights; and requests the Commission of Inquiry to give an oral update to the Human Rights Council at its sixtieth session, to be followed by an interactive dialogue, to submit a comprehensive report to the Council at its sixty-first session, to be followed by an interactive dialogue, and to submit a report to the General Assembly at its eightieth session, also to be followed by an interactive dialogue.

    In a resolution (A/HRC/58/L.25) on the Situation of human rights in the Syrian Arab Republic, adopted without a vote (as orally revised), the Council decides to extend the mandate of the Independent International Commission of Inquiry on the Syrian Arab Republic for a period of one year; requests the Office of the High Commissioner to strengthen the resources of the Commission of Inquiry in order for it to completely fulfil its mandate within the Syrian Arab Republic, in particular with regard to security and logistical support and victim protection expertise, welcomes the broad access granted by the interim authorities to the Commission, and encourages the interim authorities to grant the Commission necessary access throughout the Syrian Arab Republic and to cooperate closely with the Commission; requests the Commission of Inquiry to present an oral update to the Human Rights Council at both its fifty-ninth and sixtieth sessions, to be followed by an updated report during an interactive dialogue at the sixty-first session of the Council; and reaffirms its decision to transmit the report and oral updates of the Commission of Inquiry to relevant bodies of the United Nations. 

    Action on Resolutions Under Agenda Item Seven on the Human Rights Situation in Palestine and Other Occupied Arab Territories

    In a resolution (A/HRC/58/L.19) on Human rights in the occupied Syrian Golan, adopted by a vote of 27 in favour, 6 against and 14 abstentions, the Council demands that Israel stop its repressive measures against the Syrian citizens in the occupied Syrian Golan and release immediately the Syrian detainees in Israeli prisons; requests the Secretary-General to disseminate the present resolution as widely as possible and to report on this matter to the Council at its sixty-first session; and decides to continue its consideration of the human rights violations in the occupied Syrian Golan at its sixty-first session.

    In a resolution (A/HRC/58/L.31) on the Right of the Palestinian people to self-determination, adopted by a vote of 43 in favour, 2 against and 2 abstentions, the Council calls upon Israel, the occupying Power, to end immediately its unlawful presence in the Occupied Palestinian Territory, including East Jerusalem, which constitutes a wrongful act of continuing character entailing its international responsibility, and to reverse and redress any impediments to the political independence, sovereignty and territorial integrity of Palestine, in accordance with the legal findings and determinations of the International Court of Justice in its advisory opinion of 19 July 2024, and reaffirms its support for the solution of two States, Palestine and Israel; and urges all States to adopt measures to promote the realisation of the right to self-determination of the Palestinian people, and to render assistance to the United Nations regarding the implementation of this right. 

    In a resolution (A/HRC/58/L.32/Rev.1) on Israeli settlements in the Occupied Palestinian Territory, including East Jerusalem, and in the occupied Syrian Golan, adopted by a vote of 34 in favour, 3 against and 10 abstentions (as orally revised), the Council reiterates its request to the Independent International Commission of Inquiry on the Occupied Palestinian Territory, including East Jerusalem, and Israel, as mandated by the Human Rights Council in its resolution 55/32 of 5 April 2024, to prepare a report on the identities of settlers, as well as settler groups and their members, that have engaged in or continue to engage in acts of violence, intimidation, harassment or terror against Palestinian civilians and the actions taken by Israel, the occupying Power, and by third States to ensure accountability for violations or abuses of international law in this regard, and requests, instead, that the report be submitted to the Council at its sixty-first session; and requests the United Nations High Commissioner for Human Rights to report on the implementation of the provisions of the present resolution to the Human Rights Council at its sixty-first session. 

    Action on Resolutions Under Agenda Item Nine on Racism, Racial Discrimination, Xenophobia and Related Forms of Intolerance: Follow-up to and Implementation of the Durban Declaration and Programme of Action

    In a resolution (A/HRC/58/L.18) on Combatting intolerance, negative stereotyping and stigmatisation of, and discrimination, incitement to violence and violence against, persons based on religion or belief, adopted without a vote, the Council requests the High Commissioner to prepare and submit to the Council at its sixty-first session a comprehensive follow-up report with elaborated conclusions based upon information provided by States on the efforts and measures taken for the implementation of the present resolution.

    Action on Resolutions Under Agenda Item 10 on Technical Assistance and Capacity Building

    n a resolution (A/HRC/58/L.8) on Technical assistance and capacity-building for Mali in the field of human rights, adopted without a vote, the Council decides to extend the mandate of Independent Expert on the situation of human rights in Mali for a period of one year in order to permit the mandate holder to continue to evaluate the situation of human rights in Mali; and requests the Independent Expert to submit a report to the Council at its sixty-first session; decides to hold a dialogue at its sixty-first session, in the presence of the Independent Expert and representatives of the Government of Mali, to assess the changes in the situation of human rights in the country.

    In a resolution (A/HRC/58/L.23) on Technical assistance and capacity-building for South Sudan, adopted without a vote, the Council requests the Office of the United Nations High Commissioner for Human Rights, in cooperation and collaboration with the Government of South Sudan and relevant mechanisms of the African Union, to enhance the technical assistance provided to the Government of South Sudan to continue to assist it in addressing human rights challenges in the post-conflict transition; also requests the Office of the High Commissioner to present a comprehensive report to the Council at its sixty-second session, to be followed by an interactive dialogue, with the participation of representatives of the African Union; and further requests the Office of the High Commissioner to submit the above-mentioned report and recommendations to the Human Rights Council, then to share them with the African Union and all relevant organs of the United Nations, including the United Nations Mission in South Sudan. 

    In a resolution (A/HRC/58/L.28) on Technical assistance and capacity-building to improve the situation of human rights in Haiti, in connection with a request from the authorities of Haiti for coordinated and targeted international action, adopted without a vote, the Council decides to extend, for a renewable period of one year, the mandate of the independent human rights expert appointed by the High Commissioner and tasked with undertaking, with the assistance of the Office of the High Commissioner and in collaboration with the United Nations Integrated Office in Haiti, the monitoring of the human rights situation in Haiti, ensuring, in particular, the inclusion of a gender perspective in all of his work; requests the independent expert to devote greater attention to the situation of children, women and girls and to trafficking in persons, to monitor the impact of illicit arms trafficking on the human rights situation in Haiti and to formulate recommendations to consolidate national, regional and international responses on this issue; also requests the independent expert to provide advice and technical assistance to the Government of Haiti, national human rights institutions and civil society organizations, including women’s rights organizations, to assist in their efforts to ensure respect for and the promotion and protection of human rights; and requests the High Commissioner to provide to the Council, within the framework of an interactive dialogue with the participation of the independent human rights expert, an oral update on the situation of human rights in Haiti at its sixtieth session and a report on the subject at its sixty-first session.

    Other Matters

    The Council appointed three members of the Expert Mechanism on the Rights of Indigenous Peoples: Member from Central and Eastern Europe, the Russian Federation, Central Asia and Transcaucasia, Antonina Gorbunova (Russian Federation); Member from Central and South America, and the Caribbean, Anexa Brendalee Alfred Cunningham (Nicaragua); and member from the Pacific, Valmaine Toki (New Zealand).

    The Council also adopted its draft report ad referendum for the fifty-eighth session.

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    Produced by the United Nations Information Service in Geneva for use of the media; 
    not an official record. English and French versions of our releases are different as they are the product of two separate coverage teams that work independently.

     

    HRC25.005E

    MIL OSI United Nations News

  • MIL-OSI Security: Federal Prosecutors This Week File Criminal Charges Against 24 Illegal Aliens Found in the United States Following Removal

    Source: Office of United States Attorneys

    LOS ANGELES – Working alongside law enforcement partners at United States Immigration and Customs Enforcement, federal prosecutors this week filed criminal charges against 24 defendants who allegedly were found in the U.S. following removal, the Justice Department announced today.

    Among these defendants included criminals who previously were convicted of felonies prior to their removal from the United States, including one previously convicted of narcotics crimes involving methamphetamine and cocaine.

    The crime of being found in the United States following removal carries a base sentence of up to two years in federal prison. Defendants who were removed after being convicted of a felony face a maximum 10-year sentence and defendants removed after being convicted of an aggravated felony face a maximum of 20 years in federal prison.

    Some of the recently filed cases are summarized below:

    • Andrés Palacios Duque, 51, of Mexico, was charged via a federal criminal complaint with being an illegal alien found in the United States after removal.  Duque was removed from the U.S. in 2009 and 2015. His criminal history includes a 2014 conviction in Orange County Superior Court for transporting and possessing for sale methamphetamine, cocaine, and cocaine base, for which he was sentenced to five years in California state prison. Assistant United States Attorney Rosalind Wang of the Orange County Office is prosecuting this case.
    • Tereso Guadalupe Martínez Reyes, 23, of Mexico, was arraigned this week on a two-count federal grand jury indictment charging him with possession of goods stolen from interstate shipment and being an alien found in the United States following removal. According to a criminal complaint previously filed in this case, U.S. Border Patrol agents arrested Martínez on March 13 on Interstate 15 in San Bernardino County. He had been erratically driving a black 2001 Chevrolet Suburban which contained 478 black Nike Jordan 6 Rings shoe boxes packed from floor to the roof of the vehicle. The shoes were valued at approximately $64,530 and had been stolen from a freight train. Martínez previously was removed from the United States to Mexico in February 2025. On March 18, a federal magistrate judge ordered him jailed without bond. Martínez pleaded not guilty to the charges against him at his April 1 arraignment. He is scheduled to go on trial on May 20 in United States District Court in Los Angeles. Assistant United States Attorney Alexander H. Tran of the International Narcotics, Money Laundering, and Racketeering Section is prosecuting this case.

    Criminal complaints and indictments contain allegations. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    U.S. Immigration and Customs Enforcement and Homeland Security Investigations are investigating these matters.

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

    MIL Security OSI