NewzIntel.com

Category: Security

  • MIL-OSI USA: ICE worksite enforcement operation results in multiple arrests in Mississippi

    Source: US Immigration and Customs Enforcement

    JACKSON, Miss. — On Feb. 26, U.S. Immigration and Customs Enforcement responded to the scene of a traffic stop by state police in Jackson, Mississippi. There were two separate vehicles pulled over and seven illegal aliens from Guatemala and El Salvador were occupying the vehicles.

    The individuals worked for 3 J Underground LLC located in Byhalia, a company that installs fiber optic cable for phone and Internet services. While on scene, the owner of the company, a naturalized United States Citizen, arrived along with another employee, a Lawful Permanent Resident from El Salvador. The owner of the company was asked if he knew that his employees were unlawfully present in the United States and he stated that he did not require them to complete any paperwork when they began working for him. ICE special agents explained to the owner of the company that employers are required to determine employment eligibility by having new employees complete the Form I-9 and provide supporting identity documents. ICE administratively arrested seven Guatemalan and El Salvadoran illegal aliens.

    Under federal law, employers are required to verify the identity and employment eligibility of all individuals they hire, and to document that information using the Employment Eligibility Verification Form I-9. ICE uses the I-9 inspection program to promote compliance with the law, part of a comprehensive strategy to address and deter illegal employment. Inspections are one of the most powerful tools the federal government uses to ensure that businesses are complying with U.S. employment laws.

    ICE’s worksite enforcement strategy includes leveraging the agency’s other investigative disciplines, since worksite investigations can often involve additional criminal activity, such as alien smuggling, human trafficking, money laundering, document fraud, worker exploitation and/or substandard wage and working conditions.

    MIL OSI USA News –

  • MIL-OSI Security: Business Partner Brothers Sentenced to Federal Prison for their Roles in $2.8M COVID Fraud Scheme

    Source: Office of United States Attorneys

    CHARLESTON, S.C. — Three brothers have been sentenced to federal prison after pleading guilty to wire fraud conspiracy and wire fraud. Two brothers, William Chan, 40, and Siu Chan, 32, both of Georgia, pleaded guilty to a wire fraud conspiracy. The third brother, Ka Ho Chan, 33, who also resides in Georgia, pleaded guilty to two counts of wire fraud. The brothers, along with other family members, operate a string of restaurants in the Charleston area.

    Evidence obtained in the investigation revealed that beginning in March 2020, the Chan brothers applied for Paycheck Protect Program (PPP) and Emergency Injury Disaster Loans (EIDL) funds using false representations and fraudulent documentation. 

    The evidence presented for William and Siu Chan revealed that at least 22 PPP and EIDL loans were applied for and received totaling more than $2.5 million. The investigation further revealed that a handful of the loans applied for by William and Siu were legitimate applications but the funds we not used for legitimate business purposes once funded. For example, the Government uncovered evidence that the brothers used PPP and EIDL loan funds to make personal car purchases and pay personal credit card expenses.

    Ka Ha Chan pleaded to a separate information charging him with wire fraud for an EIDL loan and grant he received. Moreover, in Ka Ha Chan’s plea agreement, he agreed to a restitution figure between $300,000 to $350,000 based on his receipt of fraudulent loan proceeds applied for by his brothers during their conspiracy. The evidence revealed that all the funds received by Ka Ho, though his own wire fraud scheme, and the funds he received from his brothers were not used for legitimate business purposes and were used for personal expenses, such as vehicle purchases and personal credit cards.

    “These defendants exploited a program intended to help struggling businesses during a critical time. Their greed led them to defraud the government and taxpayers, diverting millions of dollars intended for legitimate economic relief,” said Acting U.S. Attorney Brook B. Andrews for the District of South Carolina. “This sentencing sends a clear message: those who attempt to profit from pandemic aid through fraud will be held accountable.”

    “We will not tolerate those who exploit programs designed to support small businesses, and these defendants are now facing the consequences for their actions,” said Steve Jensen, Special Agent in Charge of the FBI Columbia field office.  “The FBI remains committed to identifying, investigating, and holding accountable those who attempt undermine our financial institutions for personal gain.”

    United States District Richard M. Gergel sentenced William Chan to 24 months imprisonment, to be followed by a three-year term of court-ordered supervision. Siu Chan was sentenced to 24 months imprisonment, to be followed by a three-year term of court-ordered supervision. Ka Ho Chan was sentenced to 12 months and one day imprisonment, to be followed by a three-year term of court-ordered supervision. 

    There is no parole in the federal system. The total amount of fraudulent loans and misuse of EIDL and PPP loan funds presented to the court during sentencing exceeded $2.8 million. In advance of sentencing, efforts had been made by the brothers to pay restitution. As a result, the outstanding restitution owed in the amount of $1,268,386.50 was ordered. 

    On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. The Task Force bolsters efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies tasked with administering relief programs to prevent fraud by, among other methods, augmenting and incorporating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and sharing and harnessing information and insights gained from prior enforcement efforts. For more information on the Department’s response to the pandemic, please visit https://www.justice.gov/coronavirus.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at 866-720-5721 or via the NCDF Web Complaint Form at: https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    This case was investigated by the FBI Columbia Field Office and Small Business Administration. Assistant U.S. Attorney Amy Bower is prosecuting the case.

    ###

    MIL Security OSI –

  • MIL-OSI Security: Justice Department Files Statement of Interest Supporting Access to Places of Worship

    Source: United States Attorneys General

    The Department of Justice announced today that it has filed a statement of interest in federal court in California to promote the correct and uniform interpretation of federal law protecting access to places of religious worship. The case involves allegations that a violent mob used violence, intimidation, and threats to prevent congregants from accessing the Adas Torah Synagogue. The statement of interest is part of the Department’s nationwide efforts to promote freedom of religious worship and combat antisemitism in all of its forms.

    “Every person should be free to worship and attend religious services without fear of violence, threats, or intimidation,” said Deputy Assistant Attorney General for Civil Rights Mac Warner. “The Civil Rights Division is working vigorously to combat antisemitism using all of the tools at our disposal.”

    As part of that effort, the Department of Justice recently announced the formation of a multi-agency task force coordinated by the Civil Rights Division to combat antisemitism, which is visiting 10 university campuses that have experienced antisemitic events.

    In this case, private plaintiffs sued CodePink Women for Peace, CodePink Action Fund, WESPAC Foundation, Honor the Earth, Courtney Lenna Schirf, Remo Ibrahim, doing business as Palestinian Youth Movement, and various unnamed individuals. They allege that these organizations and individuals violated provisions of the Freedom of Access to Clinic Entrances Act (FACE Act) that protect access to places of religious worship. The United States’ Statement of Interest addresses physical obstructions of places of religious worship.

    “Members of our Jewish community should not have to think about their safety when they go to worship,” said Acting U.S. Attorney Joseph McNally for the Central District of California. “We make clear today that federal law prohibits people from obstructing access to places of worship.”

    To learn more about the Civil Rights Division visit www.justice.gov/crt, and to report possible violations of federal civil rights laws go to www.civilrights.justice.gov or call toll-free at 800-253-3931.

    MIL Security OSI –

  • MIL-OSI Security: Security News: Justice Department Files Statement of Interest Supporting Access to Places of Worship

    Source: United States Department of Justice 2

    The Department of Justice announced today that it has filed a statement of interest in federal court in California to promote the correct and uniform interpretation of federal law protecting access to places of religious worship. The case involves allegations that a violent mob used violence, intimidation, and threats to prevent congregants from accessing the Adas Torah Synagogue. The statement of interest is part of the Department’s nationwide efforts to promote freedom of religious worship and combat antisemitism in all of its forms.

    “Every person should be free to worship and attend religious services without fear of violence, threats, or intimidation,” said Deputy Assistant Attorney General for Civil Rights Mac Warner. “The Civil Rights Division is working vigorously to combat antisemitism using all of the tools at our disposal.”

    As part of that effort, the Department of Justice recently announced the formation of a multi-agency task force coordinated by the Civil Rights Division to combat antisemitism, which is visiting 10 university campuses that have experienced antisemitic events.

    In this case, private plaintiffs sued CodePink Women for Peace, CodePink Action Fund, WESPAC Foundation, Honor the Earth, Courtney Lenna Schirf, Remo Ibrahim, doing business as Palestinian Youth Movement, and various unnamed individuals. They allege that these organizations and individuals violated provisions of the Freedom of Access to Clinic Entrances Act (FACE Act) that protect access to places of religious worship. The United States’ Statement of Interest addresses physical obstructions of places of religious worship.

    “Members of our Jewish community should not have to think about their safety when they go to worship,” said Acting U.S. Attorney Joseph McNally for the Central District of California. “We make clear today that federal law prohibits people from obstructing access to places of worship.”

    To learn more about the Civil Rights Division visit www.justice.gov/crt, and to report possible violations of federal civil rights laws go to www.civilrights.justice.gov or call toll-free at 800-253-3931.

    MIL Security OSI –

  • MIL-OSI USA: Justice Department Files Statement of Interest Supporting Access to Places of Worship

    Source: US State of North Dakota

    The Department of Justice announced today that it has filed a statement of interest in federal court in California to promote the correct and uniform interpretation of federal law protecting access to places of religious worship. The case involves allegations that a violent mob used violence, intimidation, and threats to prevent congregants from accessing the Adas Torah Synagogue. The statement of interest is part of the Department’s nationwide efforts to promote freedom of religious worship and combat antisemitism in all of its forms.

    “Every person should be free to worship and attend religious services without fear of violence, threats, or intimidation,” said Deputy Assistant Attorney General for Civil Rights Mac Warner. “The Civil Rights Division is working vigorously to combat antisemitism using all of the tools at our disposal.”

    As part of that effort, the Department of Justice recently announced the formation of a multi-agency task force coordinated by the Civil Rights Division to combat antisemitism, which is visiting 10 university campuses that have experienced antisemitic events.

    In this case, private plaintiffs sued CodePink Women for Peace, CodePink Action Fund, WESPAC Foundation, Honor the Earth, Courtney Lenna Schirf, Remo Ibrahim, doing business as Palestinian Youth Movement, and various unnamed individuals. They allege that these organizations and individuals violated provisions of the Freedom of Access to Clinic Entrances Act (FACE Act) that protect access to places of religious worship. The United States’ Statement of Interest addresses physical obstructions of places of religious worship.

    “Members of our Jewish community should not have to think about their safety when they go to worship,” said Acting U.S. Attorney Joseph McNally for the Central District of California. “We make clear today that federal law prohibits people from obstructing access to places of worship.”

    To learn more about the Civil Rights Division visit www.justice.gov/crt, and to report possible violations of federal civil rights laws go to www.civilrights.justice.gov or call toll-free at 800-253-3931.

    MIL OSI USA News –

  • MIL-OSI Security: Kalamazoo Career Offender Sentenced To 324 Months For Distribution Of Fentanyl Causing Death

    Source: Office of United States Attorneys

              GRAND RAPIDS – Acting U.S. Attorney for the Western District of Michigan Andrew Birge today announced that United States District Judge Jane M. Beckering sentenced Antjuan Pierre Jackson, 39, of Kalamazoo, to serve 324 months in prison for distribution of fentanyl causing death and possession of fentanyl with the intent to distribute it. Following his release, Jackson will be on supervised release for four years and will be required to pay a $2,000 fine.

              “Fentanyl continues to claim lives across Michigan and the United States,” said Acting U.S. Attorney Andrew Birge. “Defendants who sell this poison and kill people in the process must be brought to justice. My office is committed to disrupting the pipelines that distribute these deadly drugs in our communities.”

              At sentencing, Jackson was deemed a career offender based on his two prior convictions for unarmed robbery. In imposing sentence, Judge Beckering lamented the deep loss suffered by the victim’s family. She went on to characterize opioids generally as the number one cause of overdose deaths, remarking that fentanyl distribution is “a business that must be snuffed out.”

              “Every opioid overdose, especially overdose deaths, are tragic, and it is a shame that Antjuan Jackson chose to be a part of dealing these types of lethal drugs, said Sergeant Brian Cake of the Kalamazoo Valley Enforcement Team, a unit of the Kalamazoo Department of Public Safety.  “The Kalamazoo Valley Enforcement Team hopes that this sentence serves as a deterrent for others continuing this criminal activity.”

              The evidence at trial and at sentencing demonstrated that, on November 23, 2022, Jackson sold fentanyl to the victim. Within hours, the victim died of a fentanyl overdose. Still, Jackson kept dealing. Less than three weeks later, in December 2022, investigators found Jackson with more than 80 grams of fentanyl in his home, as well as all the hallmarks of drug trafficking, including cash, a digital scale, a cell phone, and packaging materials. When confronted by the police about his dealing, Jackson attempted to flee. As Judge Beckering noted in sentencing Jackson, as little as two milligrams of fentanyl can be deadly, and the amount of fentanyl Jackson had in his home included 43,420 potentially lethal doses of the drug

              The Kalamazoo Department of Public Safety (KDPS) and the Drug Enforcement Administration (DEA) investigated the case with additional assistance provided by the Michigan State Police (MSP). Assistant U.S. Attorneys Stephanie Carowan and Timothy Verhey prosecuted the case on behalf of the United States.

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    MIL Security OSI –

  • MIL-OSI Global: Who’s my dad? In South Africa that’s a complex question – report tracks the rise of ‘social fathers’

    Source: The Conversation – Africa – By Wessel Van Den Berg, Research fellow, Stellenbosch University

    The State of South Africa’s Fathers 2024 report is published by the new Tataokhona project at Stellenbosch University. The project focuses on research and interventions related to fathers and fatherhood. This is the third edition of this report, and offers valuable insights into the evolving realities of fatherhood in South Africa. Co-authors Wessel van den Berg, Mandisa Malinga, Kopano Ratele and
    Tawanda Makusha explain why it’s critical to examine the changing role of men in families.

    What were some of the key findings of the report?

    The report presents data from the General Household Survey 2023 and a survey of adult caregivers in South Africa, also done in 2023.

    One of the key findings is that 76% of children in South Africa live with an adult male in the household. This is often overlooked when the media and researchers focus on children’s co-residence with fathers.

    However, fewer children live with their biological fathers than with other men. The percentage of children who live with their biological fathers has dropped from 45.3% in 1996 to 35% in 2023.

    This decline is linked to broader societal factors, including economic instability, migration patterns, and shifts in traditional family structures.

    Never have so few children been recorded as living with their biological fathers, nor have so many lived with other men like uncles, grandfathers, older brothers or mothers’ new partners.

    As researchers, policymakers and other development practitioners, we need to explore the contribution men make in their families, biological or otherwise.

    The case studies and contributions from authors across the country underscore that while physical presence is important, the quality of engagement between the father figure and child is even more crucial.

    Encouraging positive father-child relationships through legal, workplace and social policy changes could help mitigate the known effects of not living together.

    What did the survey reveal about who provides for children?

    Traditionally, fatherhood has been closely linked to financial provision. However, economic hardships and shifting gender roles are reshaping this expectation.

    Co-residence goes down as income goes down. Many fathers, particularly those facing unemployment or economic hardship, struggle to maintain active participation in their children’s lives.

    Many fathers are also forced to migrate to find work.

    Those men who cannot provide do not see any other role for themselves in children’s lives, and so they disengage.

    Data from the State of the World’s Fathers 2023 survey showed that in South Africa 85% of women financially supported their biological children, compared to 80% of men. Most children are supported by both parents, but mothers bear a higher financial burden than fathers.

    Women are also more likely than men to provide for non-biological children (50% vs 44%).

    These figures highlight the growing financial responsibilities shouldered by women and the need to redefine fatherhood beyond economic provision.

    The increasing financial burden on women also reveals deep-seated inequalities in wage distribution and employment opportunities.

    Many fathers who wish to support their children financially face obstacles such as unemployment and precarious work conditions.

    While some men have adapted by taking on caregiving roles, society still puts pressure on them to prioritise financial contribution over direct caregiving.

    This paradox creates stress and identity struggles for many fathers. It reinforces the need for supportive policies like paid parental leave and father-focused caregiving initiatives.



    Read more:
    Men say they are spending more time on household chores, and would like to do more – survey of 17 countries

    What does the survey tell us about ‘social fathers’?

    With only a minority of children living with their biological fathers, social fathers – men who provide care despite not being biologically related to the child – have become increasingly significant. The State of the World’s Fathers 2023 survey found for example that of the men who care for children whom they had not biologically fathered, 51.1% of the men played with the children, 50.2% provided financial support, and 40.2% read books with them.

    The report emphasises that 40% of children reside with men who are not their biological fathers, a trend that has grown since 1996. We believe these men can and should be encouraged to step into the role of social fathers. They include grandfathers, uncles, stepfathers, teachers and community leaders who contribute to children’s emotional and material well-being.

    However, social fathers lack legal recognition and support in South Africa. This makes it harder for them to access resources that could help them provide better care.

    Policymakers and community organisations must recognise and formalise the contributions of social fathers to ensure children receive consistent and supportive care.

    What happens now?

    Many men struggle to find their place in a rapidly evolving society where gender expectations are no longer fixed.

    The rise of feminism and women’s empowerment has rightly expanded opportunities for women, but has left a gap in guiding men towards constructive ways of engaging with these changes.



    Read more:
    Unpaid care work still falls on women: seven steps that could shift the balance

    Additionally, it remains true that more women than men are unemployed. This is primarily due to societal expectations that women should be homemakers or primary caregivers.

    Policies that recognise diverse forms of fatherhood will be essential in fostering positive father-child relationships for future generations.

    Wessel Van Den Berg works for Equimundo: Center for Masculinities and Social Justice.

    Kopano Ratele is a member of the Psychological Society of South Africa.

    Mandisa Malinga has previously received research funding from the National Research Foundation of South Africa.

    Tawanda Makusha is affiliated with the University of KwaZulu-Natal

    – ref. Who’s my dad? In South Africa that’s a complex question – report tracks the rise of ‘social fathers’ – https://theconversation.com/whos-my-dad-in-south-africa-thats-a-complex-question-report-tracks-the-rise-of-social-fathers-249763

    MIL OSI – Global Reports –

  • MIL-OSI Security: Defense News: Undersea Warriors: NATO Demonstrates Deep Collaboration in Anti-Submarine Warfare During Exercise Dynamic Manta 25

    Source: United States Navy

    Dynamic Manta builds on the success of previous iterations, incorporating new tactics, technologies and operational insights, ensuring NATO’s forces remain at the forefront of undersea warfare. The exercise prepares NATO submarine crews to respond and adapt to any type of threat below the surface.

    Hosted by Italy, the exercise was planned by NATO Allied Maritime Command (MARCOM) based in Northwood, UK. Commander Submarines NATO, US Navy Rear Admiral Bret Grabbe, said this is the largest and most complex submarine exercise to take place in the Mediterranean Sea.

    “Exercises like Dynamic Manta help NATO maintain the edge when it comes to anti-submarine warfare,” he said. “By practising coordinated operations against both conventional and advanced undersea threats, NATO continues to demonstrate its commitment to safeguarding the strategic waterways that connect member states.”

    For only the third time since the exercise began in 2013, submarine assets will also work with Allied maritime Special Operations Forces (SOF), consolidating interoperability with this critical asset. The capability of Allied SOF teams to cooperate with Allied submarines from different nations represents a force multiplier for NATO. For this iteration of the exercise, a Greek SOF team will make a landing from an Italian submarine to conduct its mission.

    The aim of Dynamic Manta is to provide all participants with complex and challenging warfare training to enhance interoperability and proficiency in anti-submarine and anti-surface warfare skills. Each participating unit will have the opportunity to conduct a variety of submarine warfare operations. The submarines will take turns hunting and being hunted, closely coordinating their efforts with the air and surface participants.

    The exercise plan to involve units, sailors and airmen from nine NATO nations.

    The submarines belong to the navies of France, Greece, Italy, Türkiye and the United States, with NATO Submarine Command (COMSUBNATO) exercising operational control on several, as required by the exercise scenario.

    Maritime Patrol Aircraft (MPA) from Canada, Germany, Greece, Portugal, Türkiye, the United Kingdom and the United States are also planning to take part, alongside Maritime Patrol Helicopters (MPH) from France, Italy and the US, supported by surface ships from Greece, Italy, Spain, Türkiye and the US.

    Standing NATO Maritime Group 2 (SNMG2) is taking part, commanded by Turkish Navy Rear Admiral H. Ilker Avci.

    As the host nation, Italy is providing support in Catania and Augusta Harbors, the naval helicopter base in Catania, Naval Air Station Sigonella, as well as support from Augusta Naval Base.

    Representing Italy during the exercise as the host nation guest is Rear Adm. Alberto Tarabotto, Commanding Officer, 4th Naval Division.

    There are two sister ASW training events as part of NATO’s continuous submarine warfare training and cooperation.  Exercise Dynamic Mongoose which takes place in the cold waters of the North Atlantic, and Playbook Merlin which takes place in the shallow waters of the Baltic Sea.

    Dynamic Manta is one of nearly a dozen MARCOM-led maritime exercises held each year in addition to numerous national exercises, which increase readiness in defense of the Alliance.

    MIL Security OSI –

  • MIL-OSI Global: GOP lawmakers commit to big spending cuts, putting Medicaid under a spotlight – but trimming the low-income health insurance program would be hard

    Source: The Conversation – USA – By Paul Shafer, Assistant Professor of Health Law, Policy and Management, Boston University

    Speaker of the House Mike Johnson addresses the media on Feb. 25, 2025, after the House narrowly passed his budget resolution calling for big spending cuts.
     Kayla Bartkowski/Getty Images

    Efforts by Republicans in Congress to make steep spending cuts have stirred widespread concerns that the federal government may trim expenditures on Medicaid even though President Donald Trump has previously indicated that he’s unwilling to do that. This public health insurance program covers around 72 million people – about 1 in 5 Americans.

    The Conversation U.S. asked Paul Shafer and Nicole Huberfeld, Boston University health policy and law professors, to explain why cutting Medicaid spending would be difficult and what the consequences might be.

    What is Medicaid’s role in the health care system?

    Created in 1965 along with Medicare, the public health insurance program for older Americans, Medicaid pays for the health care needs of low-income adults and children, including more than 1 in 3 people with disabilities. It also covers more than 12 million who qualify for both Medicare and Medicaid because they are both poor and over 65.

    In addition, this safety net program pays the health care costs of more than 2 in 5 U.S. births. Medicaid is a joint federal/state program, driven by federal funding and rules, with the states administering it.

    The Affordable Care Act was supposed to make nearly all U.S. adults under age 65 without children who earn up to 138% of the federal poverty level eligible for Medicaid. Prior to the 2010 landmark health care reform law, adults without children in most states could not get Medicaid coverage. The Supreme Court, however, made this change optional for states.

    So far, 40 states – as well as Washington, D.C. – have participated in Medicaid expansion. The program’s growth has reduced the number of Americans without health insurance and narrowed coverage gaps for people of color and those with low-wage jobs who typically do not get employer-sponsored coverage.

    Hundreds of studies have found that Medicaid expansion has improved access to care and the health of the people who gained coverage, while reducing mortality and bolstering state economies, among other positive outcomes.

    Ten states haven’t expanded Medicaid yet. Two of them, Georgia and Mississippi, have seriously considered doing so.

    Bishop Ronnie Crudup Sr., center, seen in May 2024, has called for the Mississippi Legislature to expand Medicaid in the state.
    AP Photo/Rogelio V. Solis

    Why are you concerned about Medicaid’s funding?

    A memo circulated among House Republicans in January 2025 included a menu of up to US$2.3 trillion in Medicaid cuts over 10 years. A House budget blueprint, approved in a 217-215 vote on Feb. 25, which fell largely along party lines, indicated that the Republican majority was instead aiming to reduce Medicaid spending by $880 billion over a decade.

    To be clear, GOP lawmakers didn’t say they planned to do that.

    Instead, they told the committee that oversees Medicaid and Medicare to identify cuts of that magnitude. Experts agree that slashing Medicare spending would be harder to pull off because Trump has made it clear he considers it off-limits, but at times he has suggested he might be open to trimming Medicaid. Trump says he supports the budget plan the House approved.

    In an interesting coincidence, Medicaid itself costs around $880 billion a year between federal and state government spending. That suggests Republicans are aiming for an approximately 10% cut.

    How does the program work?

    If you’re eligible for Medicaid, by law you can enroll in the program at any time and get health insurance coverage.

    If you require treatment for a condition Medicaid covers, whether it’s breast cancer or the flu, that happens with no – or low – out-of-pocket costs. Being enrolled in Medicaid means your medical treatment is covered and cannot be denied for budgetary reasons. The federal government contributes a share of what states pay for the health care of residents who enroll, but it can’t decide how much to spend on Medicaid – states do.

    The federal match rate is linked to the per capita income of each state. That means a state with lower per capita income gets a higher federal match, with all states getting at least 50%. For states that participate in the Medicaid expansion, the federal match is 90% across the board for that population.

    A dozen states have so-called trigger laws on their books that could automatically revoke Medicaid expansion if this enhanced match rate is lowered.

    How can the federal government reduce its Medicaid spending?

    The federal government could simply adjust the match rate, shifting more of the cost of Medicaid to states. But prior proposals have suggested a larger change, either through per capita caps or block grants.

    Per capita caps would place a per-person cap on federal funding, while block grants would place a total limit on how much the federal government would contribute to a state’s costs for Medicaid each year. In turn, the states would likely cover fewer people, reduce their benefits, pay less for care, or some combination of such cost-cutting measures.

    Either per capita caps or block grants would require a massive transformation in how Medicaid operates.

    The program has always provided open-ended funding to states, and both states and beneficiaries rely on the stability of federal funds to make the program work. Imposing caps or block grants would force states to contribute significantly more money to the program or cut enrollment drastically. Assuming a substantial cut in federal funding for Medicaid, millions could lose health insurance coverage they cannot afford to get elsewhere.

    Speaker Mike Johnson said that per capita caps and changing the federal match rates are not on the table, but they were included in the earlier House Republican memo detailing potential cuts.

    House Minority Leader Hakeem Jeffries, a New York Democrat, flanked by his fellow House Democrats, criticizes the House Republicans’ budget bill at the U.S. Capitol on Feb. 25, 2025.
    Saul Loeb/AFP via Getty Images

    What else could happen?

    Another idea many Republicans say they support is to add what are known as “work requirements.” The first Trump administration approved state proposals for Medicaid beneficiaries to complete a minimum number of hours of “community engagement” in activities like work, job training, education or community service to enroll and maintain Medicaid eligibility. This is despite the fact that the majority of Medicaid enrollees already work, are disabled, are caregivers for a loved one, or are in school.

    Some politicians argue that making people work to receive Medicaid benefits would help them transition to employer-based coverage, so adding that restriction may sound like common sense. However, the paperwork this requires can lead to lots of working people getting kicked out of the program and is very costly to implement. Also, job training programs, volunteering and education, unless in a degree program, generally don’t come with health insurance coverage, making this reasoning faulty.

    When Arkansas implemented Medicaid work requirements in 2018, despite the majority of enrollees already working, about 18,000 people lost coverage. The policy was poorly understood, and enrollees had trouble reporting their work activity. What’s more, the employment of low-income adults didn’t grow.

    Is Medicaid vulnerable to waste or fraud?

    Medicaid already spends less than Medicare or private health insurance per beneficiary. That includes spending on doctors, hospitals, medications and tests.

    The Government Accountability Office – an independent, nonpartisan government agency – has estimated that preventing payments which shouldn’t be made, or overpayments, could lead to $50 billion in federal savings per year. The GAO cautions that “not all improper payments are the result of fraud.” This significant sum is still nowhere near the scale of the cuts Republicans apparently want to make.

    Would Medicaid spending cuts be popular?

    That’s very unlikely.

    Polling and focus groups show that Medicaid is quite popular.

    More than half of Americans say that the government spends too little on Medicaid, and only 15% say spending is too high.

    We believe if Medicaid cuts were to be openly debated that members of Congress would be inundated with calls from constituents urging their lawmakers to oppose them. That is what happened in 2017, when the first Trump administration tried and failed to repeal the Affordable Care Act.

    Should Medicaid be cut by anything close to $880 billion over the next decade, we’d expect to see millions of America’s poorest and most vulnerable people kicked out of the program and wind up uninsured. But that would only be the beginning of their problems. Uninsured people are more likely to wait too long before seeing a doctor when they get sick or injured, leading to worse health outcomes and widening the gaps in health between haves and have-nots.

    Paul Shafer receives research funding from the National Institutes of Health, Agency for Healthcare Research and Quality, and Department of Veterans Affairs. The views expressed in this article are those of the authors and do not necessarily reflect the position or policy of these agencies or the United States government.

    Nicole Huberfeld does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. GOP lawmakers commit to big spending cuts, putting Medicaid under a spotlight – but trimming the low-income health insurance program would be hard – https://theconversation.com/gop-lawmakers-commit-to-big-spending-cuts-putting-medicaid-under-a-spotlight-but-trimming-the-low-income-health-insurance-program-would-be-hard-250998

    MIL OSI – Global Reports –

  • MIL-OSI Russia: “Focusing on Technology”: Academic Council Discusses How to Develop Science at HSE

    Translartion. Region: Russians Fedetion –

    Source: State University Higher School of Economics – State University Higher School of Economics –

    Meeting Academic Council of the National Research University Higher School of Economics February 26 was dedicated to science. The participants of the meeting discussed the results of the university’s scientific activities, the work of the postgraduate school and dissertation councils through the prism of the priorities of the country’s scientific and technological policy. In addition, a competition was held to fill the positions of professors and teachers.

    HSE Rector Nikita Anisimov gave a report on the scientific activities of HSE. He emphasized that HSE has established itself as a research university and that the further development of science should be inextricably linked with the tasks facing the country. They have been defined in key documents of the last two years, including decrees of the President of Russia on national goals, priority areas of scientific and technological development and the most important science-intensive technologies and other strategic development documents.

    In his report, Nikita Anisimov noted that changes that facilitate the integration of HSE into solving technological leadership problems are already underway at the university – in particular, new institutes and laboratories have been opened, partnerships with industry have been expanded, etc.

    It is important that HSE has managed to maintain the high quality of fundamental research. This is confirmed by the university’s position among Russian universities in terms of the number of scientific articles of the 1st level of the national “White List” indexed in databases: HSE ranks 2nd. The rector emphasized that this is the result of the motivation system created at the university – academic bonuses. Thus, in 2020, 1,050 employees received academic bonuses, in 2024 – 1,139.

    The rector noted that the volume of R&D at the university in 2024 amounted to more than 8.5 billion rubles, since 2020 it has grown by more than 3 billion rubles. HSE is among the top 3 universities in terms of R&D in Russia. The main topics of research and development at HSE are economic and social-humanitarian areas. To increase the contribution of the university team to solving the problems of technological leadership, the share of STEM topics in the HSE fundamental research program has been increased to 45% in 2026.

    While maintaining HSE’s integration into global science, the next step in the development of scientific activity is to concentrate efforts on technologies that are in demand by the state, society and business. It is necessary to move from individual research to large projects, from isolated fundamental research to full-cycle interdisciplinary projects, from integration into the global agenda to participation in its formation. “It is important for us that the scientific schools and teams of the university intensify their interaction with their industrial partners as much as possible,” the rector added.

    Head of the Academic Council Commission for the Organization of Scientific Research, Dean Faculty of Economic Sciences Sergey Pekarsky supported the theses proposed by the rector. In his opinion, everything that the university has achieved in recent years is important not only to preserve, but also to critically rethink and reconfigure in order to respond to modern challenges.

    About the activity postgraduate studies at the National Research University Higher School of Economics said Vice-Rector Sergey Roshchin. Currently, the university has 1,317 postgraduate students, including 142 foreigners, 59 programs in 72 scientific specialties, 23 postgraduate schools. The unified track “Master’s degree – postgraduate study” is being successfully implemented. The effectiveness of postgraduate study (the share of those who defended their theses on time from the number of those accepted in the corresponding year) varies across faculties and subject schools, and it needs to be increased to 30% in 2026, including by increasing the responsibility of departments for the result.

    First Vice-Rector Vadim Radaev spoke about the dissertation councils of the National Research University Higher School of Economics. There are 21 dissertation councils at the HSE, including 369 permanent members, while dissertations are reviewed by committees consisting of 900 scientists, including 620 external ones. The number of defenses has increased from 71 in 2020 to 180 in 2024. The speaker described the new criteria for assessing the publications of applicants and members of dissertation councils introduced by the Higher Attestation Commission, and the corresponding adjustments that are coming at the National Research University Higher School of Economics.

    The Academic Council meeting also held a competition for filling the positions of the teaching staff in the form of a secret ballot. Based on the results of the vote, a decision is made on whether to elect or not to the position; its results will be announced in the near future. Before the vote, Vice-Rector Alexey Koshel spoke about the main trends of the competition, and the head of the Academic Council Commission on Personnel and Awards Marina Oleshek reported on the results of its work and presented final recommendations. During the discussion, Vadim Radaev recommended paying more attention to the fight against grade inflation, and his position was supported by the Rector.

    Nikita Anisimov, HSE Academic Director Yaroslav Kuzminov and HSE President Alexander Shokhin presented honorary certificates from the Russian Ministry of Education and Science:

    Olga Afanasyeva, Deputy Dean Faculty of Creative Industries;

    To Daniel Karabekyan, Director of academic development;

    Igor Osipov, Deputy Director for operation and maintenance of buildings and structures;

    Natalia Malykhina, Acting Senior Director of HR;

    Rimma Pogodina, senior lecturer at the Faculty of Creative Industries;

    To Lyudmila Kuzmina, Associate Professor MIEM.

    Maxim Shkurnikov, Deputy Dean, received a letter of gratitude from the Russian Ministry of Education and Science Faculty of Biology and Biotechnology. The honorary title “Honorary Lawyer of the City of Moscow” was awarded to Irina Bogdanovskaya, professor Faculty of Law.

    Director MIEF Sergey Yakovlev and his deputy Oleg Zamkov received HSE medals “Recognition – 25 years of successful work”, and employees Faculty of Computer Science Associate Professor Maxim Rakhuba and Senior Lecturer Sergei Samsonov received the “Young Scientist” badge.

    Nikita Anisimov congratulated his colleagues, awarded the medal of the Order “For Merit to the Fatherland” of the 2nd degree and awarded the title “Honored Worker of Higher Education of the Russian Federation” in January, as well as Vice-Rector Victoria Panova, in February received Badge of the Russian Ministry of Foreign Affairs.

    “Attention to people, assessment of their personal merits and the merits of those groups in which they have succeeded and received these awards is the most important part of the university’s life,” the rector concluded.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI USA: ICE partnership program aids in apprehension of criminal aliens following high-speed chase in Frederick County

    Source: US Immigration and Customs Enforcement

    FREDERICK, MD – A successful collaboration between U.S. Immigration and Customs Enforcement and the Frederick County Sheriff’s Office through the 287(g) Program ensured that two criminal aliens were properly identified and detained following a high-speed pursuit and drug seizure.

    “This case is a clear example of how collaboration with local jurisdictions enhances public safety by ensuring that dangerous individuals are properly identified and not released back into our communities,” said ICE Baltimore acting Field Office Director Matthew Elliston. “Our partnership with the Frederick County Sheriff’s Office is critical in prioritizing the removal of the most egregious offenders. Sheriff Chuck Jenkins has been involved in with the 287(g) Program since its inception, demonstrating exemplary law enforcement leadership through his partnership and commitment to community safety. Without these partnerships, criminal aliens could easily disappear before facing justice, putting the public at further risk. ICE remains committed to working with our law enforcement partners to uphold the rule of law and protect our communities from those who engage in criminal activity.”

    At approximately 9:20 PM, Feb. 20, Deputy First Class Roush of the Frederick County Sheriff’s Office was on patrol near Route 85 and Grove Road when he observed a white Nissan van behaving suspiciously. The van attempted to evade police by turning onto a gravel path behind an area shopping center. Upon running the vehicle’s tags, DFC Roush received a stolen vehicle alert and initiated a pursuit with assistance from other responding deputies.

    After refusing to stop, the suspect accelerated onto I-270 northbound at speeds reaching 100 mph. The pursuit continued through Frederick and Montgomery counties. During the pursuit, Maryland State Police Aviation was requested to assist. As the suspects continued toward Shady Grove Road and Briardale Road, the driver intentionally rammed a vehicle at a red light before continuing to flee. At this point, FCSO ended the pursuit while Maryland State Police Trooper 3 maintained aerial surveillance. With the assistance from Montgomery County Police Department, officers apprehended four suspects at a Sheetz located at 751 Progress Way.

    FCSO Deputies responded to the scene and conducted a search of the suspect’s vehicle. Deputies recovered crack cocaine, fentanyl, and drug paraphernalia inside the van. The driver of the vehicle was also found by MCPD officers inside the Sheetz attempting to dispose of narcotics in a restroom.

    The stolen van, found with significant front-end damage, had rammed a vehicle with three occupants inside. Two of the victims were transported to an area hospital for treatment.

    All four suspects were arrested and transported to the Frederick County Adult Detention Center central booking.

    “Two of the four suspects taken into custody were found to be in the United States illegally through our 287(g) Program during the central booking process. Those same two suspects were released on personal recognizance on initial appearance before a District Court Commissioner. These two individuals are being held as removable criminal aliens only because ICE detainers were placed on them by 287(g)-trained correctional officers. Without those detainers, they would have been released immediately, potentially returning to criminal activity or disappearing before trial,” said Sheriff Jenkins, “This is yet another example of the importance of the 287(g) Program to local public safety in protecting our community. I can’t emphasize strongly enough; just how effective and valuable the 287(g) Program is now and has been over the sixteen-year partnership. I really hope the public thinks about this example involving these criminal acts and realizes the importance of the program.”

    U.S. Immigration and Customs Enforcement recognizes the importance of its relationships with state and local law enforcement partners. ICE will continue to share information and coordinate operations with those partners in a way that best serves local needs and fulfills ICE’s important national security and public safety mission. In recent years, state and local law enforcement cooperation with ICE has decreased with some jurisdictions electing to minimally cooperate while some jurisdictions ceased to cooperate altogether.

    As a result, the 287(g) Program – through the delegation of some immigration officer duties – allows ICE to cooperate with its state and local law enforcement partners to protect the homeland through the arrest and removal of aliens who undermine the safety of U.S. communities and the integrity of U.S. immigration laws. While the 287(g) Program has yielded successes, ICE recognizes the program is not universally regarded as the most effective or appropriate model in every jurisdiction. Accordingly, ICE maintains its authority to utilize 287(g) agreements and exercise strict oversight. ICE continually evaluates the overall effectiveness of the program.

    Members of the public can report crimes and suspicious activity by dialing 866-DHS-2-ICE (866-347-2423) or completing the online tip form.

    Learn more about ICE’s mission to increase public safety in our Baltimore communities on X at @EROBaltimore.

    MIL OSI USA News –

  • MIL-OSI: Airship AI Reports Full Year 2024 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    2024 Net Revenue of $23.1 Million, an 87% Increase over FY 2023 Net Revenue of $12.3 Million

    No Debt on Balance Sheet Following Conversion of $2.8 million in Senior Secured Convertible Notes

    New Pro-U.S. Border Security Administration Provides Additional Macro Tailwinds for 2025 & Beyond

    REDMOND, Wash., March 03, 2025 (GLOBE NEWSWIRE) —  Airship AI Holdings, Inc. (NASDAQ: AISP) (“Airship AI” or the “Company”), a leader in AI-driven video, sensor, and data management surveillance solutions, today reported its financial and operational results for the quarter and year ended December 31, 2024.

    FY 2024 Financial Highlights

    • Net revenues were $23.1 million.
    • Gross profit was $10.5 million.
    • Gross margin was 45.7%.
    • Operating loss was $3.5 million, which reflected increased stock-based compensation and transactions costs related to the merger and overall sales levels.

    FY 2024 Financial Highlights

    • Dramatic Revenue Growth: In 2024, Airship AI delivered 87% year-over-year (“YoY”) revenue growth, growing from $12.3 million to $23.1 million. Revenue growth was driven mainly by increased sales to federal government customers, with multiple large awards for cloud-based Acropolis offerings and edge-based Outpost AI appliances.
    • Steady Gross Profit Margin: Full year gross profit as of December 31, 2024 was $10.5 million, flat YoY, primarily due to the continued high percentages of third-party hardware sales as part of turn-key solutions bundled by Airship AI with Outpost AI included. The Company is already seeing the value of these seeding opportunities in awarded business as well as pipeline opportunity growth.
    • Significant Operational Improvements: Full year operating loss as of December 31, 2024 was $3.5 million as compared to a $6.6 million loss in 2024. Numerous one-time charges were incurred in 2024, resulting from transaction costs associated with the transition to a public company, conversion of a senior secured promissory note, and partial payments to the founders for previous advances.
    • Strengthened Balance Sheet: Cash and cash equivalents as of December 31, 2024, was $11.4 million, along with $1.2 million in accounts receivable. With the conversion of issued senior secured convertible promissory notes of $2.8 million, Airship AI enters 2025 with no debt on the balance sheet.

    Q4 2024 & Subsequent Operational Highlights

    • Backlog as of December 31, 2024 was $5.5 million, including orders received late in the second half of 2024 that are expected to be delivered and invoiced across Q1 and Q2 of 2025. Backlog is not indicative of future quarterly revenue as approximately 75% of quarterly revenue is transactional and recognized in the same quarter.
    • Total validated pipeline at the year-end of 2024 was approximately $135 million, consisting of single and multi-year opportunities for AI-driven edge, video, and sensor and data management platform across all our customer verticals. The pipeline includes opportunities at varying stages of progression with expected award timeframes throughout the next 18-24 months.
    • Due to the sensitive nature of many customers and deployment use cases, the Company is often restricted from publicly disclosing awards and or limited as to the specifics of the customer and use case. Consequently, most awards are executed on closed or restricted contract vehicles, which further limits the sharing of information that might otherwise be available.
    • Multiple large contracts awarded throughout and/or subsequent to the quarter include but are not limited to:
      • $4.0 million firm-fixed price contract for an agency within the U.S. Department of Homeland Security (“DHS”), for advanced integrated solutions supporting real-time intelligence collection operations along the United States’ borders, leveraging the Company’s edge IoT appliance, Outpost AI.
      • $1.2 million firm-fixed price support and maintenance contract for our existing deployment of Acropolis Enterprise Video and Data Management Platform supporting a Fortune 100 Transportation and E-Commerce company’ global operations.
      • Follow-on seven-figure one (1) year system maintenance and sustainment contract for an existing Fortune 100 customer leveraging the Company’s Acropolis Enterprise Video and Data Management platform supporting operational and physical security requirements.
    • We began deploying new infrastructure supporting mission critical requirements along the U.S. southern border; follow-on work to our successful completion of a congressionally driven pilot opportunity earlier in the year. This follow-on work is in support of our single-largest opportunity, valued at more than $50 million over the next four (4) years. Estimated total contract value is conservatively based on data points from published market research, including size and scope, and pricing approved via awarded procurement efforts.
    • Completed $8.0 million at-the-market public offering with net proceeds to the Company of $7.0 million after deducting placement agent fees and offering expenses.
    • Hired new members of the team, at the C-Suite level and below, and promoted key members of the team to increasingly higher levels of strategic responsibility within the Company. Airship AI expects additional hires in 2025 in the sales and product development teams.
    • Launched a new routes-to-market strategy targeting business partners and resellers that are looking for differentiated alternatives in new verticals (for Airship AI) as well as partners that can help us scale more rapidly within existing verticals.
    • Put in place a marketing and branding campaign for 2025. This bifurcated plan is hyper focused on creating brand awareness in several new targeted verticals through a combination of partner and industry events, enabling partners to monetize that awareness through expanded routes to market.
    • We participated in JIFX, or Joint Interagency Field Exercise, an invite only event led by the Naval Post-Graduate School. The JIFX team leads experimentation in alternative methods to enable rapid technological development by cultivating a community of interest and hosting broadly scoped quarterly collaborative field events which enable the Department of Defense (“DoD”), the U.S. government, and allied stakeholders to identify, influence, and accelerate early-stage technology development that address national and collective security challenges.
    • We participated in TIDE, or Technology Innovation Discovery Event, an invite only DoD sponsored event that aims to help innovative small businesses and non-traditional DoD performers showcase new hardware and software technologies that can significantly improve existing software or meet new challenges in support of the National Defense Strategy.
    • We were a primary sponsor of and participant in UTAC, the premier unmanned aerial and robotic systems tactical event for Police, Public Safety, Government, and Defense agencies. UTAC is a fully immersive training event where public safety, government, enterprise, and defense operators gather to learn best practices, establish procedures, and gain experience with the latest innovations in unmanned aerial, ground, and maritime systems along augmenting technical solutions.

    Capital Markets Update:

    • Participated at the 13th Annual ROTH Technology Conference and the Benchmark 13th Annual Discovery One-on-One Conference.
    • Benchmark Company initiated coverage of Airship AI on November 13, 2024, with a Buy rating and price target of $6.

    2025 Outlook

    • 2025 net revenues of approximately $30 million, reflecting 30% revenue growth YoY, supported by a strong and validated pipeline of ~$135 million, improving gross profit margins, and a strong recurring revenue model.
    • Positive cash flow from business operations for the full year.
    • Expand AI offerings at the edge running on our Outpost AI platform and announce new offerings running at the datacenter level or in the cloud that increase customer operational efficiency using existing sources of data.
    • Continued innovation across our core Acropolis software platform supporting new workflows for on-premises and cloud-based deployments in highly secure operational environments.
    • Announce new offerings around our Digital Evidence Management System (DEMS) called Evidence Discovery Server (EDS) supporting stand-alone operations as well as integrations with other leading DEMS platforms.
    • Continue the digital transformation of our back-office operations to improve supply chain management and production-based process efficiencies to help drive continued margin expansion.
    • Launch new AI based offerings supporting partner engagement, training, and support as part of our larger strategy to provide differentiated offerings to those existing and to be recruited business partners and resellers.
    • Targeted focus on brand awareness and engagement in new verticals through targeted marketing outreach opportunities, social media platforms, Airship AI hosted technology events, and industry tradeshow events.

    Management Commentary

    “The past year has been an exciting journey as we completed our first full year as a public company amid significant shifts in domestic and global economic, social, and political landscapes,” said Paul Allen, President of Airship AI. “With this dynamic backdrop, we set ambitious goals for 2024, focusing on substantial revenue growth and strengthening our balance sheet to position the business for positive cash flow operations. The great news is that we made meaningful progress on both the top and bottom lines. We delivered 87% year-over-year revenue growth of $23.1 million at a gross margin of 46%. We ended the year with $11.4 million in cash and cash equivalents and $1.2 million in accounts receivable.

    “Our recently completed capital raise has significantly enhanced our ability to execute many of the anticipated large transactions in our pipeline, particularly those involving substantial up-front costs of goods sold. The capital raise has also enabled us to expand our sales, business development, and partner marketing capabilities by bringing in specialized industry expertise and experience in managing these large-scale defense programs. We have already made progress toward this objective with the addition of several high-caliber team members, and we are in the process of bringing on even more talent to further strengthen our capabilities.

    “As we entered 2025, we have a new administration in place that has stressed from day one that the focus is going to be on securing the border and strengthening public safety and security across the homeland. While the safety of the homeland has and should always be a bi-partisan issue, the approach to how it is done varies. The new administration has made clear many of its policies and approaches to this problem already, with technology itself and technology-based solutions playing a key role in most if not all of them. Specifically, the January 20th Secure Our Borders Executive Order states that the United States will establish a physical wall and other barriers monitored and supported by adequate personnel and technology.

    “To that point, we remain under the cloud of Continuing Resolution, which affects the whole of government to fund its ability to execute daily, at least beyond that which it was approved to do so the prior year. While the budget to fund this and other related activities is being addressed, we remain engaged with our customers already focused on these challenges, engagement which includes already funded efforts or those which are already budgeted.

    “While we are heavily focused on the agencies directly tasked to solve these challenges, we also have a larger existing business with other agencies and commercial customers that we remain focused on as well. These customers are involved daily in similarly protecting the homeland, ranging from countering the illegal trafficking of narcotics with a focus on fentanyl, protecting critical infrastructure such as courthouses, office buildings, and sensitive sites, and enforcing the laws of the land on the streets of mainstream America.

    “With the work we have already done, and the relationships we have established, we believe we are well positioned in 2025 and for the next several years to be an integral part of providing a solution for a well-defined and challenging problem that impacts every one of our shareholders.

    “Lastly, we look forward to seeing some of you at our upcoming Analyst Technology Showcase on Friday, March 14, 2025, in Dripping Springs, Texas,” concluded Mr. Allen.

    About Airship AI Holdings, Inc.

    Founded in 2006, Airship AI (NASDAQ: AISP) is a U.S. owned and operated technology company headquartered in Redmond, Washington. Airship AI is an AI-driven video, sensor and data management surveillance platform that improves public safety and operational efficiency for public sector and commercial customers by providing predictive analysis of events before they occur and meaningful intelligence to decision makers. Airship AI’s product suite includes Outpost AI edge hardware and software offerings, Acropolis enterprise management software stack, and Command family of visualization tools.

    For more information, visit https://airship.ai.

    Forward-Looking Statements

    The disclosure herein includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward looking. These forward-looking statements include, but are not limited to, (1) statements regarding estimates and forecasts of financial, performance and operational metrics and projections of market opportunity; (2) changes in the market for Airship AI’s services and technology, expansion plans and opportunities; (3) the projected technological developments of Airship AI; and (4) current and future potential commercial and customer relationships. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Airship AI’s management and are not predictions of actual performance. These forward-looking statements are also subject to a number of risks and uncertainties, as set forth in the section entitled “Risk Factors” in its Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 28, 2025, and the other documents that the Company has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while it may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

    Investor Contact:

    Chris Tyson/Larry Holub
    MZ North America
    949-491-8235
    AISP@mzgroup.us

    AIRSHIP AI HOLDINGS, INC.
    CONSOLIDATED BALANCE SHEETS
    As of December 31, 2024 and 2023
        December
    31, 2024    		     December
    31, 2023    		  
    ASSETS            
                 
    CURRENT ASSETS:            
    Cash and cash equivalents   $ 11,414,830     $ 3,124,413  
    Accounts receivable, net of allowance for credit losses of $0     1,226,757       1,648,904  
    Prepaid expenses and other     17,883       18,368  
    Income tax receivable     –       7,230  
    Total current assets     12,659,470       4,798,915  
                     
    PROPERTY AND EQUIPMENT, NET     –       1,861  
                     
    OTHER ASSETS                
    Other assets     165,960       182,333  
    Operating lease right of use asset     882,024       1,104,804  
                     
    TOTAL ASSETS   $ 13,707,454     $ 6,087,913  
                     
    LIABILITIES AND STOCKHOLDERS’ DEFICIT                
                     
    CURRENT LIABILITIES:                
    Accounts payable – trade   $ 759,480     $ 2,908,472  
    Advances from founders     1,300,000       1,750,000  
    Accrued expenses     51,649       200,531  
    Senior Secured Convertible Promissory Notes     –       2,825,366  
    Current portion of operating lease liability     305,178       174,876  
    Deferred revenue- current portion     3,238,483       4,008,654  
    Total current liabilities     5,654,790       11,867,899  
                     
    NON-CURRENT LIABILITIES:                
    Operating lease liability, net of current portion     638,525       943,702  
    Warrant liability     34,180,618       667,985  
    Earnout liability     23,304,808       5,133,428  
    Deferred revenue- non-current     2,951,850       4,962,126  
    Total liabilities     66,730,591       23,575,140  
                     
    COMMITMENTS AND CONTINGENCIES (Note 9)                
                     
    STOCKHOLDERS’ DEFICIT:                
    Preferred stock – no par value, 5,000,000 shares authorized, 0 shares issued and outstanding as of December 31, 2024 and December 31, 2023     –       –  
    Common stock – $0.0001 par value, 200,000,000 shares authorized, 30,588,413 and 22,812,048 shares issued and outstanding as of December 31, 2024 and 2023     3,056       2,281  
    Additional paid in capital     21,918,867       –  
    Accumulated deficit     (74,941,590 )     (17,476,700 )
    Accumulated other comprehensive loss     (3,470 )     (12,808 )
    Total stockholders’ deficit     (53,023,137 )     (17,487,227 )
                     
    TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT   $ 13,707,454     $ 6,087,913  
    AIRSHIP AI HOLDINGS, INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME
    For the years ended December 31, 2024 and 2023
        Year Ended     Yar Ended  
        December
    31, 2024    		     December
    31, 2023    		  
    NET REVENUES:            
    Product   $ 18,716,196     $ 7,439,045  
    Post contract support     4,334,017       4,692,487  
    Other services     –       168,052  
     Revenues     23,050,213       12,299,584  
    COST OF NET REVENUES:                
    Cost of Sales     10,843,766       4,767,159  
    Post contract support     1,679,692       1,681,267  
    Other services     –       86,841  
     Cost of revenue     12,523,458       6,535,267  
    GROSS PROFIT     10,526,755       5,764,317  
    RESEARCH AND DEVELOPMENT EXPENSES     2,804,894       2,729,492  
    SELLING, GENERAL AND ADMINISTRATIVE EXPENSES     11,226,974       9,675,190  
    TOTAL OPERATING EXPENSES     14,031,868       12,404,682  
    OPERATING LOSS     (3,505,113 )     (6,640,365 )
    OTHER (EXPENSE) INCOME:                
    (Loss) gain from change in fair value of earnout liability     (18,171,380 )     21,976,349  
    (Loss) gain from change in fair value of warrant liability     (33,512,633 )     1,341,120  
    Loss from change in fair value of convertible debt     (141,636 )     (240,784 )
    Loss on note conversion     (1,144,676 )     –  
    Interest expense, net     (1,003,096 )     (55,685 )
    Other income (expense)     13,644       (9,501 )
    Total other (expense) income, net     (53,959,777 )     23,011,499  
                     
    (LOSS) INCOME BEFORE PROVISON FOR INCOME TAXES     (57,464,890 )     16,371,134  
                     
    Provision for income taxes     –       –  
                     
    NET (LOSS) INCOME     (57,464,890 )     16,371,134  
                     
    OTHER COMPREHENSIVE INCOME (LOSS)                
    Foreign currency translation income (loss), net     9,338       (2,702 )
                     
    TOTAL COMPREHENSIVE (LOSS) INCOME   $ (57,455,552 )   $ 16,368,432  
                     
    NET (LOSS) INCOME PER SHARE:                
    Basic   $ (2.34 )   $ 1.20  
    Diluted   $ (2.34 )   $ 0.80  
                     
    Weighted average shares of common stock outstanding                
    Basic     24,585,955       13,671,376  
    Diluted     24,585,955       20,390,663  
    AIRSHIP AI HOLDINGS, INC.
    CONSOLIDATED STATEMENTS OF CASH FLOWS
    For the years ended December 31, 2024 and 2023
        Year Ended     Year Ended  
        December
    31, 2024    		     December
    31, 2023    		  
                 
    CASH FLOWS FROM OPERATING ACTIVITIES:            
    Net loss   $ (57,464,890 )   $ 16,371,134  
    Adjustments to reconcile net loss to net cash used in operating activities                
    Depreciation and amortization     1,861       14,879  
    Stock-based compensation     1,078,344       715,727  
    Stock-based compensation- warrants     284,478       2,136,115  
    Amortization of operating lease right of  use asset     222,780       596,556  
    Accelerated amortization of ROU asset – lease termination     –       265,130  
    Gain from lease termination     –       (344,093 )
    Issuance of common stock for services     198,500       –  
    Noncash interest expense     1,008,419       –  
    Loss (gain) from change in fair value of warrant liability     33,512,633       (1,341,120 )
    Loss (gain) from change in fair value of earnout liability     18,171,380       (21,976,349 )
    Loss from change in fair value of convertible note     141,636       240,784  
    Loss on note conversion     1,144,676       –  
    Non cash interest, net     –       65,487  
    Changes in operating assets and liabilities:                
    Accounts receivable     422,147       (943,152 )
    Prepaid expenses and other     485       (2,329 )
    Other assets     16,373       (182,333 )
    Operating lease liability     (174,875 )     (531,621 )
    Payroll and income tax receivable     7,230       960,383  
    Accounts payable – trade and accrued expenses     (2,294,698 )     666,136  
    Deferred revenue     (2,780,447 )     (2,667 )
    NET CASH USED IN OPERATING ACTIVITIES     (6,503,968 )     (3,291,333 )
                     
    CASH FLOWS FROM FINANCING ACTIVITIES:                
    Issuance of common stock and warrants for offering, net     7,290,000       –  
    Proceeds from convertible promissory note     –       2,584,582  
    Proceeds from warrant exercise, net     7,704,540       –  
    Advances from founders, net     (450,000 )     1,150,000  
    Proceeds from reverse recapitalization     –       2,809,792  
    Proceeds from stock option exercises     240,507       –  
    Repayment of small business loan and line of credit     –       (424,540 )
                     
    NET CASH PROVIDED BY FINANCING ACTIVITIES     14,785,047       6,119,834  
                     
    NET INCREASE IN CASH AND CASH EQUIVALENTS     8,281,079       2,828,501  
                     
    Effect from exchange rate on cash     9,338       (2,702 )
                     
    CASH AND CASH EQUIVALENTS, beginning of period     3,124,413       298,614  
                     
    CASH AND CASH EQUIVALENTS, end of period   $ 11,414,830     $ 3,124,413  
                     
    Supplemental disclosures of cash flow information:                
    Interest paid   $ 11,913     $ 21,438  
    Taxes paid   $ 2,410     $ 17,247  
                     
    Noncash investing and financing                
    Elimination of advances to founders in connection with contribution of Zeppelin by shareholders   $ –     $ 1,100,000  
    Elimination of payables to founders in connection with contribution of Zeppelin by shareholders   $ –     $ 1,100,000  
    Issuance of common stock for debt interest payment   $ 1,008,442     $ –  
    Issuance of common stock for debt conversion   $ 4,114,831     $ –  
    Recognition of warrant liability   $ –     $ 15,418  
    Recognition of right-of-use asset   $ –     $ 1,162,152  
    Recognition of operating lease liability   $ –     $ 1,162,152  
    Noncash activity related to Merger-                
    Recognition of warrant liability   $ –     $ 2,009,105  
    Recognition of earnout liability   $ –     $ 27,109,777  
    Recognition of accounts payable   $ –     $ 1,500,000  

    The MIL Network –

  • MIL-OSI Global: What is Tren de Aragua? How the Venezuelan gang started − and why US policies may only make it stronger

    Source: The Conversation – USA – By Verónica Zubillaga, Mellon Visiting Professor, University of Illinois Chicago

    A viral surveillance video allegedly shows armed members of the Tren de Aragua gang at an apartment building in Aurora, Colo. RJ Sangosti/MediaNews Group/The Denver Post via Getty Images

    When the U.S. government deported 177 Venezuelans on Feb. 20, 2025, the Department of Homeland Security alleged that 80 of the deportees were members of the Venezuelan gang Tren de Aragua.

    U.S. news outlets report that members have set up shop in at least 16 states and are “wreaking havoc on communities across the nation.”

    According to Fox News, in February 2025 there was an “infestation” of Tren de Aragua members in an apartment building in Aurora, Colorado.

    Suspected Tren de Aragua members have been arrested in Florida, Pennsylvania, New York, California, Texas and other states.

    The U.S. State Department went so far as to designate Tren de Aragua a foreign terrorist organization in an effort to stop “the campaigns of violence and terror committed by international cartels and transnational organizations.”

    There is little reliable information about Tren de Aragua – but no shortage of sensationalist news reports and Immigration and Customs Enforcement raids claiming to target them.

    We are sociologists who have spent a combined 37 years researching gangs, crime and policing in Venezuela. Our research in Venezuela, and our colleagues’ research in other countries, suggests that incarceration and mass deportations of Venezuelans living in the U.S., whether they have ties to the group or not, will likely strengthen Tren de Aragua rather than cripple it.

    Indeed, we have already seen how these strategies contributed to the expansion of street gangs in El Salvador and Honduras by creating new opportunities for members to network and become more organized.

    What is Tren de Aragua?

    According to investigative journalists and a handful of academic studies, Tren de Aragua was initially founded by Hector “El Niño” Guerrero and two other men in 2014. The three men were imprisoned in Tocorón prison in the state of Aragua.

    By 2017, Tren de Aragua began to be known as a “megabanda,” a category the local press in Venezuela use to refer to large organized criminal groups. The term arose to highlight the size of some street gangs, which at the time was unprecedented in Venezuela.

    Since its beginning, the gang has depended heavily on extortion. It also sells street drugs, but that has been a much less important source of revenue for it.

    Tren de Aragua’s growth surged as a result of mass incarceration policies that began under Venezuela’s former President Hugo Chávez and expanded under current President Nicolás Maduro. Incarceration rates began to increase in 2009 and were exacerbated by police raids deployed in 2010 in marginalized neighborhoods across the country. Venezuela’s prisons became filled with young, poor men.

    Crowded together in inhumane conditions, the men began to organize into prison gangs with clear hierarchies. They accumulated vast profits by charging prisoners fees for food, use of space and protection from inmate violence. They also opened and ran businesses, including a club, inside Tocorón prison.

    Members of different gangs in and outside the prison also began to communicate and share information about criminal activities such as kidnapping and extortion. This strengthened social networks and expanded their illegal enterprises.

    Tren de Aragua eventually took control of Tocorón prison as the government became unable to manage daily life inside its walls. It had become one of the largest and best organized gangs in Venezuela.

    A view inside the notoriously dangerous and violent Tocorón prison in 2011.
    Franklin Suarez via Getty Images

    Criminal enterprise grows

    Since 2014, an economic and humanitarian crisis has devastated Venezuela, causing many Venezuelans to migrate.

    Venezuela had one of the highest displacement rates in the world between 2014 and 2018, when at least 3 million people left the country.

    Tren de Aragua, still based in the Tocorón prison at that time, took advantage of this mass migration. It expanded the group’s business portfolio to include human trafficking and sexual exploitation of Venezuelan female migrants in Chile, Colombia and Peru.

    It’s unclear how far beyond Venezuela Tren de Aragua has spread. While the group has certainly expanded operations into the Latin American countries mentioned above, research shows common criminals have posed as Tren de Aragua members in both Colombia and Chile.

    Moreover, the arrest of alleged Tren de Aragua members for committing crimes in the U.S. and other countries does not mean that the gang has set up shop in those places. Gang members, same as non-gang members, migrate during crises. They may continue to commit crimes in new places after they arrive. However, it’s important to note that immigration in the U.S. is consistently linked with decreases – not increases – in both violent crime and property crime.

    Even some local police departments have questioned the gang’s expansion into the U.S.

    In Aurora, police refuted both the mayor’s and President Donald Trump’s claims about the apartment complex being taken over by the gang. And the New York Police Department recently reported that suspected Tren de Aragua members there are largely focused on snatching mobile phones and robbing department stores – hardly the crimes of a transnational criminal empire or terrorist organization.

    Venezuelan security forces wrested control of Tocorón prison from the Tren de Aragua gang in 2023.
    Yuri Cortez/AFP via Getty Images

    Making matters worse

    Deportations do not address the urgent situation faced by many migrants who leave their homelands in search of a better, safer future.

    When governments prioritize the spectacle of deportations to deal with migration, they contribute to the expansion of even more resilient networks of criminal enterprises.

    Recent history bears this out.

    In El Salvador in the 1990s and early 2000s, incarceration, deportations and repressive policing policies contributed to the evolution of youth street gangs such as the Mara Salvatrucha, or MS-13, into transnational extortion rackets that spread across Central America.

    These same policies could also contribute to the growth of Tren de Aragua within Latin America.

    Prison isolates large groups of excluded and marginalized people and constrains them to brutal conditions. This enables and encourages the social networks that fuel illegal markets and criminal activity beyond the walls of prisons.

    Rising xenophobia

    Another harmful outcome of the policies we have discussed here is that they may fuel xenophobia toward and criminalization of Venezuelan immigrants living in the U.S.

    This closes off opportunities and harms people already devastated by economic, political and humanitarian crises in their home country.

    Venezuelans have responded with their characteristically incisive and biting humor.

    Many have used social media to parody news outlets and political speeches, and Venezuelans regularly post memes and videos that mock the automatic association made between them and Tren de Aragua.

    The satiric news site El Chigüire Bipolar posted stories titled “The United States confirms that Venezuelans are Tren de Aragua members from birth” and “ICE agents detain newborn that might be Tren de Aragua leader in the future.”

    Meanwhile, recent cuts in U.S. foreign aid to countries with large Venezuelan populations, such as Colombia and Peru, will likely exacerbate the migration crisis by constraining opportunities for Venezuelans.

    Future waves of migrants will be easy prey for criminal organizations like Tren de Aragua, which has turned human trafficking into a lucrative business. And with current policies of cutbacks, incarceration and repression, Tren de Aragua will likely continue to grow and fill its coffers.

    The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    – ref. What is Tren de Aragua? How the Venezuelan gang started − and why US policies may only make it stronger – https://theconversation.com/what-is-tren-de-aragua-how-the-venezuelan-gang-started-and-why-us-policies-may-only-make-it-stronger-250007

    MIL OSI – Global Reports –

  • MIL-OSI Global: From opposing robber barons to the New Deal to desegregation to DOGE, state attorneys general have long taken on Washington

    Source: The Conversation – USA – By Austin Sarat, William Nelson Cromwell Professor of Jurisprudence and Political Science, Amherst College

    State attorneys general are teaming up to check Trump’s executive power. erhui1979/DigitalVision Vectors via Getty Images

    The start of President Donald Trump’s second term has been a bonanza for the attorneys general of blue states. As the president has released his blizzard of executive orders and axed federal funding and programs on which states rely, these attorneys general have filed suits designed to put the brakes on what Trump is trying to accomplish.

    As the Washington Post reported on Feb. 22, 2025, “In the past month alone, multistate coalitions have sued the Trump administration seven times.”

    Here’s one example: In late January, 22 states and the District of Columbia asked a federal district court in Rhode Island for a temporary restraining order to stop the Office of Management and Budget from halting federal grants and financial assistance that would go to residents, organizations or governmental entities in their jurisdictions.

    In early February, the attorneys general of Minnesota, Oregon and Washington sought and were granted an order to stop the Trump administration from implementing an executive order that, according to Lambda Legal, an LGBTQ+ rights advocacy group, “targets transgender and gender-diverse youth.”

    Almost a week later, 14 attorneys general went to court to prevent Elon Musk “from issuing orders to any person in the Executive Branch outside of DOGE and otherwise engaging in the actions of an officer of the United States.”

    New York Attorney General Letitia James and Connecticut Attorney General William Tong both sued to stop DOGE from obtaining Americans’ personal data.
    Michael M. Santiago/Getty Images

    As a student of law and politics, I see the attorneys general actions against the Trump administration as the latest chapter of an ongoing story dating to the 19th century in which state officials push back against the national government, breathing life into this country’s federal system. That system, designed by the framers to protect liberty and as a guard against tyranny, gave powers to both federal and state governments.

    Hybrid role of state attorneys general

    The work of attorneys general in the various states involves a mix of law and politics. As the National Association of Attorneys General describes their role, attorneys general are “chief legal officers” and serve “as counselor to state government agencies and legislatures, and as a representative of the public interest.”

    Attorneys general use the law to advance their political goals. Though their precise duties vary from state to state, state attorneys general do not completely eschew politics.

    In 43 states, they are elected officials who run for office as partisans. These candidates offer programs and promise to take actions that are typically in line with the platforms of the parties that nominate them. As attorney Marissa Smith wrote in the Cornell Law Review, “The position of State AG has long been said to stand for ‘Aspiring Governor’ rather than Attorney General.”

    Smith argues that state attorneys general “have leaned into our nation’s divisive partisanship – often as an integral part of a quest for higher office – and used their traditional roles and powers to grandstand and showcase their party loyalty on a national stage.”

    When, as in the recent spate of suits, state attorneys general pursue the federal government or another target on the national stage, there’s really no way for them to lose, politically speaking. As journalist Alan Greenblatt writes, “It’s all upside. If a lawsuit succeeds, you achieve a policy goal. If it fails, you’ve still made a name for yourself and often delayed a policy for months and even years,” especially when that policy is unpopular.

    Suing the federal government

    There is nothing new about what state attorneys general are now doing. At one time or another, lawsuits against the federal government have come from both Democratic and Republican attorneys general.

    For example, during the so-called Gilded Age at the end of the 19th century, because of their “unique institutional position,” progressive state attorneys general “were able to serve as opportunity points for the expression of the ‘public interest’ in the absence of administrative mechanisms or actions by other political institutions,” political scientist Paul Nolette writes.

    These attorneys general sued railroad companies and other big businesses, seeking to get state courts to rein in the growing power of what were called at the time “robber barons.”

    As the New Deal unfolded in the 1930s, some Republican state attorneys general tried to resist what they saw as federal government encroachment on state power, though the primary opposition to the New Deal came from other political actors.

    After the Supreme Court’s 1954 Brown v. Board of Education decision ordered the desegregation of schools, a few Southern Democratic state attorneys general were involved in organizing “massive resistance” in the region, by offering legal advice to state officials opposed to the Brown decision and defending segregation in court.

    In the 1980s, state attorneys general banded together to sue federal agencies for failing to enforce the law or to implement acts of Congress, including those concerning the deregulation of industry. A decade later, they launched a concerted campaign of lawsuits against major tobacco companies because the federal government was not, they alleged, adequately regulating the tobacco industry.

    And when Barack Obama entered the White House, state attorneys general enthusiastically embraced the role of watchdog and nemesis. Republican state attorneys general led the resistance with lawsuits over health policy, immigration and environmental regulations, using their powers much like their Democratic counterparts are doing today.

    Texas Attorney General Ken Paxton claims to have sued the Obama administration 100 times.
    Justin Lane-Pool/Getty Images

    Former West Virginia Solicitor General Elbert Lin, who served as the chief litigator in his state’s attorney general’s office, tells the story this way: “During the eight years of the Obama Administration, states led mostly by Republican attorneys general made it a priority, early and often, to challenge President Obama’s initiatives.”

    One of them, Texas’ Greg Abbott, sued the Obama administration 31 times, at one point describing his job this way: “I go into the office, I sue the federal government, and I go home.”

    During the first Trump administration, Democratic attorneys general continued what had happened under Obama. They filed 138 multistate lawsuits, up from the 78 times Republicans sued the Obama administration.

    And at the end of President Joe Biden’s term, Ken Paxton, Texas’ Republican attorney general, issued a press release saying that over the previous four years, he had sued the administration 100 times, calling it “an historic milestone.”

    ‘Expect to be sued’

    Supreme Court Justice Louis Brandeis once called states “laboratories of democracy.” More recently, Jeffrey Rosen of the National Constitution Center praised federalism for continuing “to promote ideological diversity” in an increasingly polarized nation.

    That diversity has long been on display in what state attorneys general have done on the national stage.

    Today, when some worry that the U.S. constitutional system is breaking down, state attorneys general are trying to realize the founders’ vision of limited government. They are mobilizing legal tools to vindicate legal claims while also using the courts for political purposes.

    All presidents should expect to be sued early and often by state attorneys general of the opposite party. But as attorney Jeffrey Toobin writes in The New York Times, “political victories matter more, and last longer, than court cases” in the United States.

    In recent years, suits brought by state attorneys general have protected the rights of immigrants, defended reproductive rights and asserted state prerogatives in many areas. But while these lawsuits have an important role to play in America’s constitutional system, what citizens do is more important.

    Even successful litigation by state attorneys general typically brings only a one-time victory, but political action is needed to sustain what they achieve in court. And their work cannot be done without the support of the citizens they serve and who, by and large, elect them.

    Austin Sarat does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. From opposing robber barons to the New Deal to desegregation to DOGE, state attorneys general have long taken on Washington – https://theconversation.com/from-opposing-robber-barons-to-the-new-deal-to-desegregation-to-doge-state-attorneys-general-have-long-taken-on-washington-250758

    MIL OSI – Global Reports –

  • MIL-OSI Security: Man appears in court charged with murder of man in Lewisham

    Source: United Kingdom London Metropolitan Police

    A man has appeared in court charged with murder following a fatal assault in Lewisham.

    Paul Tallant, 42 (01.10.82) of Eltham appeared in custody at Bromley Magistrates’ Court on Monday, 3 March charged with murder.

    He was remanded in custody to appear at the Old Bailey on Wednesday, 5 March.

    Police were called at 20:39hrs on Saturday, 1 March to reports of an assault in Lewisham High Street.

    Officers responded with paramedics and found a 63-year-old man with life-threatening injuries.

    He was taken to hospital where he later died. His family have been informed and he has been identified as Charlie Prodromou.

    It’s believed Mr Prodromou was assaulted following a disturbance at The Watch House pub.

    A 42-year-old man was arrested nearby on suspicion of murder. He was later charged as above.

    MIL Security OSI –

  • MIL-OSI: New Stratus Energy Announces Award of a Transformative Production Sharing Contract for a Significant Oil Field in Ecuador, Funding and Offtake Agreement, and Concurrent Offerings

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    CALGARY, Alberta, March 03, 2025 (GLOBE NEWSWIRE) — New Stratus Energy Inc. (TSX.V – NSE) (“New Stratus”, “NSE” or the “Corporation”) is pleased to announce that a consortium formed by subsidiaries of Sinopec International Petroleum E&P Corporation (60%) (“Sinopec”) and New Stratus (40%) (the “Consortium”) has reached an agreement for an award by the Ministry of Energy and Mines of Ecuador (“MEM”) of a 20-year (renewable) production sharing contract (the “PSC”) for crude oil production and additional exploration relating to Block 60 in Ecuador, also known as the “Sacha Block”, for an upfront cash entry bonus of US$1.5 billion (US$600 million payable by NSE). Formal execution of the PSC (“PSC Execution”) by the Consortium and MEM is expected to occur in March 2025 and upon which the Corporation will acquire a 40% interest (the “Acquired Interest”) in the Sacha Block.

    Highlights:

    • Average production in 2024 for the Sacha Block was approximately 77,191 barrels per day (bbl/d) of medium oil (25 degrees API gravity). Average gross production(1) in 2024 attributable to the Acquired Interest was approximately 30,876 bbl/d, implying US$19,433 per flowing barrel.
    • The average prices for WTI and Oriente Blend in December 2024 were US$70.12 and US$64.11, respectively. Currently, production from the Sacha Block receives a positive quality adjustment over Oriente Blend pricing of approximately US$2.50. Accordingly, using average production for December 2024 of 73,711 bbl/d, gross revenue(2) for the month of December 2024 attributable to the Acquired Interest was approximately US$60.9 million (approximately C$87.7 million).
    • As at December 31, 2024, proved developed producing (“PDP”) gross reserves(3) for the Acquired Interest are estimated at 67.8 million barrels, implying US$8.85 per barrel.
    • As at December 31, 2024, before-tax PDP reserve net present value of future net revenue(4) at a 10% discount rate (“PDP NPV 10”) for the Acquired Interest is estimated at US$2.4 billion (approximately C$3.5 billion), implying 0.25x before-tax PDP reserve net present value. The before-tax PDP NPV10 for the Acquired Interest is described in more detail in the chart below and implies a 1.13x before-tax PDP NPV10 for 2025.
      Period Ending
    December 31,    		     PDP NPV10(4) for
    Acquired Interest    		  
      2025     US$ 530.8 million  
      2026     US$ 413.1 million  
      2027     US$ 317.7 million  
      2028-2044     US$ 1,148.4 million  
      Total    

    US$ 2,410.1million(5)

    		  
               

    PSC Award and Terms

    On February 28, 2025, the official Committee for Hydrocarbons Tenders formed by the MEM, the Ministry of Finance and a representative of the President of Ecuador, approved the PSC and recommended to the MEM to grant the PSC to the Consortium. The PSC Execution by the Consortium and MEM is expected to occur in March 2025 and upon the Consortium paying an upfront cash entry bonus (“Entry Bonus”) to the Republic of Ecuador in the amount of US$1.5 billion (approximately C$2.2 billion), or US$600 million (approximately C$864 million) payable by NSE in accordance with its Acquired Interest.

    The PSC will be awarded for an initial 20-year term (the “Initial Term”) and pursuant to which the Consortium shall receive a share of production (known as the “X Factor”) calculated on a sliding scale basis depending on the prevailing Oriente Blend price (which is correlated to the price of WTI). At a WTI price of US$65 per barrel, the government production share is anticipated to be 18%, resulting in a Consortium production share, or X Factor, of 82%.

    In addition to the Entry Bonus, the Consortium has agreed to invest (the “Capital Investment”) amounts in excess of US$1.7 billion (approximately C$2.4 billion) during the Initial Term to finance a development plan approved by MEM (the “Approved Development Plan”). The Corporation’s share of the Capital Investment is approximately US$680 million (approximately C$979 million), of which approximately US$64 million (approximately C$92 million) and US$159 million (approximately C$229 million) are expected to be invested in 2025 and 2026, respectively. NSE expects to fund its share of the Capital Investment primarily through cash flow from operations, as well as from additional debt financing. The objectives of the Approved Development Plan are, among other things: (i) to replace and upgrade current facilities; (ii) for the expansion and construction of new facilities; (iii) for drilling new wells, workovers, recompletions, and water injection wells; (iv) for the drilling of two exploration wells; (v) for projects to eliminate gas flaring; and (vi) for secondary recovery which is intended to take the current oil recovery rate from 23% to 30%.

    No other royalties, or other similar production share arrangements, are payable and all operating expenses, capital expenses and taxes are on the account of the Consortium.

    The PSC Execution is subject to customary approval by the TSX Venture Exchange (“TSXV”). No finder’s fee is payable in connection with the PSC. The PSC, and the transactions contemplated thereby, are arm’s length.

    Ecuadorian Regulatory Framework

    The Ecuadorian government recently implemented policies to optimize the production from its oil and gas assets and aimed at attracting private investment, including reinstating production sharing contracts pursuant to the country’s Hydrocarbons Law and the 2018 executive decree no. 449. In accordance with the reinstated production sharing contracts, the Ecuadorian government may enter into production sharing contracts whereby the investing entity receives a share of the oil produced. The term for a production sharing contract is generally four years for exploration (extendable for two additional years) and 20 years for production, subject to an extension if reserves have been added and new investments are committed. The PSC includes the continuation and increase of production by the Consortium, as well as additional exploration in the Sacha Block.

    Sacha Block

    With an approximate area of 355 km2 and located in Central Ecuador, the Sacha Block has been operated by EP Petroecuador since 1990. The Sacha Block main reservoir is the Lower Cretaceous Hollin sandstone, with secondary reservoirs in the Upper Cretaceous Napo ‘T’ and ‘U’ sands.

    Pursuant to the PSC, the Consortium has committed to increase production for the Sacha Block to over 105,000 bbl/d by the end of 2029 (the “Production Increase”) and intends to achieve the Production Increase by providing the Capital Investment and completing the Approved Development Plan.

    Acquired Interest Funding

    NSE’s portion of the Entry Bonus will be satisfied through a combination of the following funding sources: (i) a funding and off-take agreement with a leading global off-taker (the “Off-Taker”) in the amount of US$480 million (approximately C$691 million); (ii) the Subscription Receipt Offering (as defined below) for aggregate gross proceeds of approximately US$70 million (C$100 million); (iii) the Common Share Offering (as defined below) for aggregate gross proceeds of approximately US$10 million (C$14 million); and (iv) additional amounts through a combination of debt, convertible debt or other equity financing sources (collectively, the “Additional Financing”).

    Off-take Mandate and Senior Secured Prepayment Facility

    NSE has appointed the Off-Taker as exclusive mandated lead arranger of an up to US$480 million (approximately C$691 million) senior secured prepayment facility (the “Facility”) and exclusive off-taker. The Facility has a cost of SOFR + 9.5%, a five-year final maturity date, and a minimum amortization equal to 1/16th of the original principal amount per quarter after a one-year grace period. As exclusive off-taker, the Off-Taker will have the right to purchase NSE’s share of the production from the Sacha Block for five years.

    Concurrent Offerings

    NSE intends to complete brokered private placements of (i) subscription receipts of the Corporation (“Subscription Receipts”) for gross proceeds of up to approximately US$70 million (C$100 million) (the “Subscription Receipt Offering”); and (ii) common shares of the Corporation (“Common Shares”) for gross proceeds of up to approximately US$10 million (C$14 million) (the “Common Share Offering” and together with the Subscription Receipt Offering, the “Concurrent Offerings”). The number of Subscription Receipts and Common Shares to be sold, the offering price (the “Offering Price”) of the Subscription Receipts and Common Shares, and the terms of the Concurrent Offerings will be determined in the context of the market. NSE expects to issue a subsequent news release containing the final terms of the Concurrent Offerings following the time of pricing.

    New Stratus has received lead indications of interest: (i) for the Common Share Offering from a U.S.-based energy specialist institutional investor; and (ii) for the Subscription Receipt Offering from a group of global energy specialist institutional investors, all based on an expected Offering Price reflecting the customary discount to the trading price for financings of this nature.

    The Concurrent Offerings are being co-led by Ventum Financial Corp. (“Ventum”) and Cormark Securities Inc. (“Cormark” and together with Ventum, the “Lead Agents”) on their own behalf, and in respect of the Subscription Receipt Offering, on behalf of a syndicate of agents (the “Agents”). Each Subscription Receipt will entitle the holder thereof to automatically receive, without payment of any additional consideration or further action on the part of the holder, one Common Share upon completion of certain escrow release conditions in accordance with the terms of a subscription receipt agreement to be entered into between the Corporation, the Lead Agents and Odyssey Trust Company, as subscription receipt agent (the “Subscription Receipt Agent”), including, among other things, the completion of all conditions precedent to the PSC Execution other than payment of the Entry Bonus.

    In addition, NSE will grant the Agents an option (the “Agents’ Option”) to increase the size of the Subscription Receipt Offering by up to 15% by giving written notice of the exercise of the Agents’ Option, or a part thereof, to NSE at any time up to 48 hours prior to closing of the Subscription Receipt Offering.

    In consideration for their services, the Agents will receive a commission equal to 6.0% of the gross proceeds (the “Subscription Receipt Commission”) of the Subscription Receipt Offering and the Lead Agents will receive a commission equal to 6.0% of the gross proceeds of the Common Share Offering.

    The proceeds from the sale of the Subscription Receipts less 50% of the Subscription Receipt Commission and the Agents’ expenses incurred in connection with the Subscription Receipt Offering (the “Escrowed Proceeds”) will be held by the Subscription Receipt Agent. If (i) an escrow release notice and direction is not delivered to the Subscription Receipt Agent prior to by 5:00 p.m. (Calgary time) on May 15, 2025; (ii) the Corporation gives notice to the Agents that it does not intend to proceed with the PSC Execution; or (iii) the Corporation announces to the public that it does not intend to proceed with the PSC Execution (each, a “Termination Event” and the time of the earliest of such Termination Event to occur, the “Termination Time” and the date on which such Termination Time occurs, the “Termination Date”), the Subscription Receipt Agent will pay to each holder of Subscription Receipts, no earlier than the third business day following the Termination Date, an amount per Subscription Receipt equal to the issue price in respect of such Subscription Receipt, plus such holder’s proportionate share of any interest and other income received or credited on the investment of the Escrowed Proceeds between the closing date and the Termination Date.

    The securities to be issued under the Concurrent Offerings will be offered by way of private placement in (i) all of the provinces of Canada, (ii) the United States and (iii) such other jurisdictions as may be determined by the Corporation, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. The Concurrent Offerings are expected to close on or about March 25,
    2025, subject to TSXV approval and other customary closing conditions.

    The securities issued pursuant to the Concurrent Offerings, and any securities issued on exchange or conversion thereof, are subject to a statutory four-month hold period from the date(s) of closing of the Concurrent Offerings and applicable U.S. resale restrictions.

    Additional Financing

    The Corporation expects to issue a subsequent news release containing the details of the Additional Financing once an agreement has been reached in respect of same, which will include the material terms of such transaction.

    Disposition of Interest in Venezuela

    NSE also announces that it has entered into a termination agreement pursuant to which it has formally dissolved its joint venture for the development of four oil fields located in eastern Venezuela. This joint venture was structured through an indirect 40% equity participation in Vencupet SA, facilitated via Gold Pillar International SPC Ltd. (“GP”), a British Virgin Islands-based fund that holds 40% of Vencupet.

    The Vencupet oil fields development project included a financing arrangement under which GP would provide funding for the rehabilitation of these oil wells. In return, PDVSA was to repay the financing and to compensate GP with oil produced through the assignment of crude oil shipments.

    Following the termination of its joint venture, NSE has relinquished its entire equity stake in DOOG at no cost. Additionally, all shareholder loans extended by NSE to DOOG in the amount of approximately US$4.1 million have been forgiven, and all counterparty agreements and consideration arrangements have been terminated, without any further obligation or liability to NSE, except for specific compensation to GP’s principal shareholder, in the event that certain anticipated project costs cannot be recovered from PDVSA within fourteen months of the termination date.

    For two years from the termination, NSE will be allowed to negotiate the terms to reacquire its shareholding in DOOG and in the Vencupet project, in terms to be agreed between the Parties.

    Financial Advisors

    Ventum, Cormark and Horizon Partners are acting as financial advisors to the Corporation with respect to the transaction. ECM Capital Advisors Inc. is acting as strategic advisor to the Corporation with respect to the transaction.

    Contact Information:

    Jose Francisco Arata
    Chairman & Chief Executive Officer
    jfarata@newstratus.energy

    Wade Felesky
    President & Director
    wfelesky@newstratus.energy

    Mario Miranda
    Chief Financial Officer
    mmiranda@newstratus.energy – (647) 498-9109

    Notes:

    (1) Average gross production attributable to the Acquired Interest is presented before any deductions relating to the government share, because the government share was not payable as at December 31, 2024. Applying an example government share of 18%, net production attributable to the Acquired Interest would have been 25,319 bbl/d.
    (2) Gross revenue for December 2024 attributable to the Acquired Interest is calculated using December 2024 average production and December 2024 average pricing (being Oriente Blend pricing plus the positive quality adjustment), and is presented before any deductions relating to the government share, because the government share was not payable as at December 31, 2024. Applying an example government share of 18%, net revenue for the month of December 2024 attributable to the Acquired Interest would have been approximately US$49.9 million (approximately C$71.9 million).
    (3) As at December 31, 2024, Netherland, Sewell & Associates, Inc. (“NSAI”) estimates the gross PDP reserves for the Sacha Block (100% working interest) to be 169.5 million barrels. Gross reserves attributable to the Acquired Interest are based on a 40% working interest and are presented before any deductions relating to the government share.
    (4) As at December 31, 2024, NSAI estimates the net present value of future net revenue before income taxes discounted at 10 percent for the PDP reserves for the Sacha Block (100% working interest) to be US$6.0 billion. Net present value of future net revenue attributable to the Acquired Interest is based on a 40% working interest and is presented before any deductions relating to the government share, because the government share was not payable as at December 31, 2024. Following the acquisition of the Acquired Interest, NSE will be required to pay the government share, which is estimated to be 18% at a WTI price of US$65 per barrel.
    (5) Total value may not add due to rounding.

    Note on Currency and Exchange Rates

    In this news release, references to “C$” or “$” are to Canadian dollars and references to “US$” are to United States dollars. In this news release, the Corporation has used a currency exchange rate of US$1.00 = C$1.44.

    Forward-Looking Information

    Certain information set forth in this news release constitutes “forward-looking statements”, and “forward-looking information” under applicable securities legislation (collectively, “forward-looking statements”). All statements other than statements of historical fact are forward-looking statements. Forward-looking statements may be identified by the use of conditional or future tenses or by the use of words such as “will”, “expects”, “intends”, “may”, “should”, “estimates”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions, including variations thereof and negative forms. Forward-looking statements in this news release include, among others, timing of the PSC Execution; satisfaction or waiver of the conditions precedent to the PSC Execution, including the funding and payment of the Entry Bonus; receipt of required legal and regulatory approvals for the PSC Execution (including approval of the TSXV); expected production and revenue related to the Sacha Block; the anticipated dates of the PSC Execution; the terms (including the Offering Price), timing and completion of the Concurrent Offerings; the indications of interest and the lead orders for the Concurrent Offerings; the timing and completion of the Additional Financing and the terms thereof; the closing of the Facility and the terms thereof; the use of proceeds from the Concurrent Offerings, the Additional Financing and the Facility; the amount, terms and timing of the Capital Investment, and the resulting effect thereof on production levels, including the Production Increase; the terms and timing of the Approved Development Plan, and the resulting effect thereof on production levels, including the Production Increase; and the Consortium’s ability to replicate past performance in the Sacha Block. Forward-looking statements are based on the Corporation’s current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Forward-looking statements are not guarantees of future performance and undue reliance should not be placed on them.

    In respect of the forward-looking statements contained herein, the Corporation has provided them in reliance on certain key expectations and assumptions made by management, including expectations and assumptions concerning the receipt of all approvals and satisfaction of all conditions to the completion of the PSC Execution, the Concurrent Offerings, and the Facility, the operational and financial performance of the Sacha Block, the geological characteristics of the Sacha Block, the availability of debt and equity financing on terms acceptable to the Corporation, the cooperation of the Consortium, prevailing weather conditions, prevailing legislation affecting the oil and gas industry, commodity prices and exchange rates.

    Although NSE believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because NSE can give no assurance that they will prove to be correct. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks); risks associated with negotiating with foreign governments as well as country risk associated with conducting international activities; the impact of general economic conditions in Canada and Ecuador; prolonged volatility in commodity prices; the risk that the new U.S. administration imposes tariffs affecting the oil and gas industry in Ecuador or globally, and that such tariffs (and/or retaliatory tariffs in response thereto) adversely affect the demand for the Corporation’s production, or otherwise adversely affects the Corporation’s business or operations; the risk that Oriente Blend oil prices are lower than anticipated; determinations by OPEC and other countries as to production levels; the risk of changes in government policy on resource development; industry conditions including changes in laws and regulations including adoption of new environmental laws and regulations, and changes in how they are interpreted and enforced; the timing for conducting planned operations and the results of such operations, including flow rates and resulting production; the availability of the requisite personnel and equipment to conduct operations; the ability to successfully integrate operations and realize the anticipated benefits of acquisitions; the ability to increase production, and the anticipated cost associated therewith; failure of counterparties to perform under contracts; changes in currency exchange rates; interest rate fluctuations; the ability to secure adequate equity and debt financing; and management’s ability to anticipate and manage the foregoing factors and risks.

    There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. New Stratus undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. Actual results, performance or achievement could differ materially from those   expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits may be derived therefrom.

    Oil & Gas Matters Advisory

    The reserves information included in this news release attributable to the Acquired Interest has been derived from a report prepared by Netherland, Sewall & Associates, Inc. (“NSAI”) effective as of December 31, 2024 (the “NSAI Report”). The reserves information was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities.

    Statements relating to reserves are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist in the quantities predicted or estimated. The reserve estimates described herein are estimates only. The actual reserves may be greater or less than those calculated.

    It should not be assumed that the estimates of future net revenues presented herein represent the fair market value of the reserves. There are numerous uncertainties inherent in estimating quantities of crude oil, reserves and the future net revenues attributed to such reserves.

    References in this news release to historical production rates are not indicative of long term performance or of ultimate recovery. Readers are cautioned not to place reliance on such rates in assessing the future production rates for the Corporation.

    “Proved Developed Producing Reserves” are those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be currently producing or, if shut-in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty.

    Medium crude oil is crude oil with a relative density greater than 22.3 degrees API gravity and less than or equal to 31.1 degrees API gravity.

    General Advisory

    This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and the rules and regulations thereunder. The securities referred to herein have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the securities may not be offered or sold within the United States except in transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    The MIL Network –

  • MIL-OSI: Dave and Coastal Community Bank Announce Strategic Partnership

    Source: GlobeNewswire (MIL-OSI)

    Los Angeles, CA, March 03, 2025 (GLOBE NEWSWIRE) — Dave Inc. (“Dave” or the “Company”) (Nasdaq: DAVE), one of the nation’s leading neobanks and Coastal Financial Corporation (Nasdaq: CCB), the holding company for Coastal Community Bank, today announced a definitive strategic partnership.

    Coastal Community Bank will become a sponsor bank of Dave, including for Dave’s banking products and Dave’s new, simplified ExtraCash product. Customers will begin onboarding to Coastal Community Bank as soon as Q2 2025.

    “We are thrilled to work with Dave as a sponsor bank. From our first discussions with their team, it was clear that we are aligned in bringing accessible, transparent financial services to traditionally underbanked populations,” said Brian Hamilton, President of CCBX.

    The strategic partnership with Coastal Community Bank and CCBX, the bank’s banking-as-a-service division, will accelerate Dave’s business growth and expansion, and support Dave’s mission to provide products that level the financial playing field for Americans.

    “This partnership marks a milestone moment for Dave. Coastal Community Bank is the right partner for our company because of their customer-first mission, deep knowledge across credit and banking products, strong risk management, and our shared ambition to make a difference in the communities that need it most,” said Jason Wilk, CEO and Founder of Dave.

    About Dave:

    Dave (Nasdaq: DAVE) is a leading U.S. neobank and fintech pioneer serving millions of everyday Americans. Dave uses disruptive technologies to provide best-in-class banking services at a fraction of the price of incumbents. For more information about the company, visit: www.dave.com. For investor information and updates, visit: investors.dave.com and follow @davebanking on X.

    About Coastal Financial Corporation:

    Coastal Financial Corporation (Nasdaq: CCB), is an Everett, Washington based bank holding company whose wholly owned subsidiaries are Coastal Community Bank (“Bank”) and Arlington Olympic LLC. The $4.12 billion Bank provides service through 14 branches in Snohomish, Island, and King Counties, the Internet and its mobile banking application. The Bank provides banking as a service to broker-dealers, digital financial service providers, companies and brands that want to provide financial services to their customers through the Bank’s CCBX segment. To learn more about Coastal Financial Corporation visit www.coastalbank.com.

    Forward-Looking Statements

    This press release includes forward-looking statements, which are subject to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feels,” “believes,” “expects,” “estimates,” “projects,” “intends,” “remains,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements relating to the strategic partnership with Coastal Community Bank, financial inclusion, and Dave’s business growth and expansion.  Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: the ability of Dave to compete in its highly competitive industry; the ability of Dave to keep pace with the rapid technological developments in its industry and the larger financial services industry; the ability of Dave to manage risks associated with providing ExtraCash advances; the ability of Dave to retain its current Members, acquire new Members and sell additional functionality and services to its Members; the ability of Dave to protect intellectual property and trade secrets; the ability of Dave to maintain the integrity of its confidential information and information systems or comply with applicable privacy and data security requirements and regulations; the reliance by Dave on a single bank partner; the ability of Dave to maintain or secure current and future key banking relationships and other third-party service providers; failures by third-party service providers; changes in applicable laws or regulations and extensive and evolving government regulations that impact operations and business; the ability to attract or maintain a qualified workforce; level of product service failures that could lead Dave Members to use competitors’ services; investigations, claims, disputes, enforcement actions, litigation and/or other regulatory or legal proceedings, including the Department of Justice’s lawsuit against Dave; the ability to maintain the listing of Dave Class A Common Stock on The Nasdaq Stock Market; the possibility that Dave may be adversely affected by other economic factors, including fluctuating interest rates, and business, and/or competitive factors; and other risks and uncertainties discussed in Dave’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on March 5, 2024 and subsequent Quarterly Reports on Form 10-Q under the heading “Risk Factors,” filed with the SEC and other reports and documents Dave files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Dave undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

    The MIL Network –

  • MIL-OSI United Kingdom: Liverpool Calling: The Results Are In

    Source: City of Liverpool

    Ground-breaking research has found that hosting the Eurovision Song Contest 2023 delivered a £54million economic boost to the Liverpool City Region. 

    In a first for any Eurovision Song Contest host city, a Multi-Agency Evaluation Steering Group led by Liverpool City Council, has commissioned five in-depth, independent evaluations – the interim results of which will be announced today (Thursday 26 October) by Leader of Liverpool City Council, Councillor Liam Robinson and Liverpool City Region Mayor, Steve Rotheram.

    The reports looked at the economic and social impact of staging the event on behalf of Ukraine, as well as the influence on cultural relations; the impact on wellbeing in the city and the wider city region; the visitor experience and the effectiveness of the strategic collaboration between delivery agencies. 

    Key data highlights include:

    The Big Numbers

    • Eurovision boosted the Liverpool City Region economy by £54.8million (net) with restaurants, accommodation providers, shops, bars and transport networks all benefitting.
    • In total 473,000 people attended Eurovision events in the city, with 306,000 additional visitors heading to Liverpool to be part of the celebrations.
    • In May, 175,000 city centre hotel rooms were sold  – the best month on record since 2018. (STEAM data)   

    Culture Counts

    • The education and community programmes, EuroStreet and EuroLearn, engaged with 367 organisations and directly with 50,000 people, young and old. The overall programme is estimated to have reached 2 million people.
    • EuroFestival – the Culture Liverpool curated two-week culture festival – presented 24 brand new commissions, 19 of which were in collaboration with Ukrainian artists. A huge 328,346 people engaged with this programme – 557 artists, 1,750 participants involved in a commission and an audience number of 326,039.
    • The official Eurovision Village, located at the Pier Head attracted 250,000 visitors across the ten days it was open, with the ticketed final selling out within hours.

    Visitor’s Views

    • Visitors to Liverpool reported an overwhelmingly positive experience. In a survey, 89 per cent of those questioned, felt it was a safe event and 88 per cent praised its inclusivity. A whopping 96 per cent of those surveyed would recommend Liverpool as a destination to visit and 42 per cent of overseas visitors said the city’s staging of the event had a positive impact on how they viewed the UK.
    • The official Eurovision Fan Club – the OGAEs – carried out a survey and found that 99 per cent of their members felt welcomed in the city and 98 per cent loved the undeniable festival atmosphere.

    Resident’s Reaction

    • There was a huge amount of pride around Liverpool being the host city, with 80 per cent of residents noting how important it was for Liverpool and a further 93 per cent saying they were pleased with how the city delivered the event.
    • Of those questioned, 74 per cent were enthusiastic about Liverpool hosting on behalf of Ukraine and 71 per cent felt that the city’s leading role promoted positive feelings across all of the participating nations.

    People Power

    • An impressive 475 people provided 12,000 hours of volunteering, covering 350 shifts. The majority (90 per cent) were from the North West of England, and 30 were Ukrainian.
    • A Eurovision job recruitment fair saw 394 jobs offered in one day.
    • A partnership between the BBC and Liverpool Institute for Performing Arts saw 145 students become part of the Eurovision production – in roles such as on stage dancers in the live shows, costume makers or in the TV production team.

    Read all about it

    • Between the period of October 2022, when Liverpool was announced as host city, until end of May 2023, more than 280,000 pieces of global news coverage were generated.
    • The three live BBC shows were watched by 162 million people.

    Keep Liverpool Tidy

    • More than 50,000 tonnes of waste was collected throughout the Eurovision period, 80 per cent of which could be recycled.

    The independent reports were:

    • Economic Impact – Commissioned by Liverpool City Region Combined Authority and funded by Arts and Humanities Research Council. The research was compiled by AMION Consulting.
    • Community and Wellbeing – Commissioned by Liverpool City Council and funded by Spirit of 2012 and the Department of Culture, Media and Sport (DCMS). The research was carried out by University of Liverpool.
    • Cultural Diplomacy – Commissioned by Liverpool City Council and funded by British Council and DCMS. The British Council led on the research along with the University of Hull, and consultants from Universities of Brighton, Southampton and Royal Holloway (University of London).
    • Nightlife – Funded and compiled by Liverpool John Moores University.
    • Multi–Agency Working – Led by Edge Hill University.  

    Along with these reports, the BBC has commissioned its own Eurovision Highlights Report.

    To bring together the findings of the reports, Liverpool City Council’s Public Health team commissioned The Heseltine Institute for Public Policy, Practice and Place to compile the headline findings. This comprehensive overview can be found at the Heseltine Institute website. 

    The interim findings of these reports will be discussed at a special one-day Eurovision event taking place at ACC Liverpool today (Thursday 26 October).

    Head to the official Liverpool Calling website for full details of the day which will include panels with the Liverpool Host City team who will give an insight into the complexities of staging an event of this scale. This is a Liverpool City Council event supported by the Liverpool BID Company and The ACC Liverpool Group.

    Follow @CultureLpool on Twitter, @CultureLiverpool on Facebook and @culture_liverpool on Instagram for the latest updates as well as using #LiverpoolCalling on social media.

    Reaction

    Leader of Liverpool City Council, Councillor Liam Robinson, said:

    “The whirlwind that was Eurovision, gave this city an unparalleled stage where it could showcase not just its organisational prowess, but also its heart and soul.

    “From the outset, we put plans in place to evaluate everything we programmed in order to have a thorough understanding of the impact of major events.

    “The visitor and economic figures speak for themselves – jobs were created, local businesses were on the receiving end of a much-needed boost and hundreds of thousands of people came to the city, had a great time and are more than likely to return again.

    “My mantra is proud but never satisfied. These comprehensive reports give us the opportunity to reflect on what was achieved over an incredibly short period of time, but more importantly we can look at lessons learnt for the next time we host a major event. And this is Liverpool, so there will definitely be a next time.

    “Knowing the financials and the visitor numbers is always a great indicator of success, but with Eurovision we wanted to do more. As the first host city ever to introduce a school and community programme dedicated to Eurovision, we needed to drill into what that really meant for people – did it make a positive difference to their lives and as a result to our city? Never before has any other location commissioned such a detailed analysis, and it goes without saying that our methodology can be adopted by locations across the world which is a real badge of honour for Liverpool.

    “This collective research proves that events like Eurovision can transcend boundaries, leaving a legacy of inspiration and goodwill. It was a milestone moment in our city’s history, and now we’re more than ready for the next one.”

    Liverpool City Region Mayor Steve Rotheram said:
    “There was never a doubt in my mind as to whether our region was up to the challenge of hosting a global spectacle like Eurovision on behalf of our friends in Ukraine – because nowhere does culture bigger or better than the Liverpool City Region. From the hundreds of thousands of visitors who flocked to our region for a fortnight of fun and frivolity, to the tens of millions around the world who tuned in, we gave millions of people a Eurovision they will never forget.

    “While that’s an incredible result in itself, the contest was also a vital shot in the arm for our local economy, bringing in more than £54m, creating thousands of jobs and opportunities for local people and showcasing our brand to an international audience. None of this would have been possible without the hard work of everyone who truly embraced the Eurovision spirit and made our visitors feel so welcome. I said all along that nowhere can throw a party quite like us – and now we have the results to prove it!”

    Liverpool’s Director of Culture, Claire McColgan CBE, said:

    “We experienced this Eurovision-high as a result of cultural back catalogue.

    “We have spent years working towards what we all experienced in May – we cut our teeth during our European Capital of Culture year and from that point we have grown exponentially in confidence and ability as year-on-year we continue to deliver events that rival any other on the world stage.

    “The pandemic was a real line in the sand for us, and undoubtedly Liverpool’s role in leading the charge on the reopening of venues nationwide made us stand out from the crowd – we are recognised as a city that can deliver unforgettable moments, safely, quickly and with a scouse panache that simply can’t be replicated anywhere else.

    “Quite simply, it was an honour to deliver Eurovision on behalf of Ukraine and the UK. I’ve never known time move so fast as it did across those seven months and it has been a real pleasure to digest these impact reports and relive the experience once again and reassure myself it wasn’t just a crazy dream! They underline the fact Liverpool has the skill, agency-wide teamwork and the creativity to deliver time and time again.

    “So I’d like to say to everyone – whether you worked on the event, donned those iconic yellow hoodies and volunteered, performed on stage or on our streets, danced at the Village, sang along at the arena or perhaps you discovered more about Ukraine in the classroom or even helped evaluate the event – thank you. You made Eurovision. Liverpool made Eurovision. We were all united by music.”

    Eurovision Minister Stuart Andrew said: 

    “It is fantastic to see the impact that hosting the Eurovision Song Contest has had on Liverpool. The city put on a fantastic display of culture and creativity, showing solidarity with our friends in Ukraine and highlighting what unites us all. 

    “This research demonstrates the positive impact of hosting major events and I hope that we can continue to build on this success.” 

    Tim Jones, the University of Liverpool’s Vice-Chancellor said:

    “Today’s announcement gives us much to be proud of. It was the University’s Heseltine Institute that compiled the data that this success is judged on and it was our academics who played an important role in carrying out a key strand of research. But as a civic institution, we are immensely proud of the city of Liverpool. Our city put on a show like no other and I am delighted to see these positive results that I’m sure will have a lasting legacy for those who live, work, study and do business here.”

    Rhiannon Corcoran, Professor of Psychology and Public Mental Health University of Liverpool said:

    “Our survey was designed to understand Eurovision’s impact on the wellbeing and sense of community of local residents. The data we collected shows overwhelmingly positive feelings of pride in the city. I’m sure many people will recognise and understand how this is hugely beneficial to wellbeing.” 

    Sue Jarvis, Co-Director at the Heseltine Institute said:

    “At the Heseltine Institute we were delighted to work with partners across the city to publish this summary of the comprehensive evaluation of what Eurovision achieved for our city.

    “Liverpool has a long history of hosting and learning from major events, and these evaluations will help developing understanding of the key lessons from Eurovision 2023.

    “While the full legacy will emerge over time, it was fantastic to see that the positive impacts of Eurovision exceeded expectations. Eurovision not only brought immense financial and cultural benefits to the city but also enhanced the view of Liverpool across the UK, Europe and the world.”

    Phil Harrold, BBC Chief of Staff and Chair of 2023 City Selection Group, said:
    “When the BBC selected Liverpool to host the Eurovision Song Contest 2023 we knew that the city would deliver with a passion and enthusiasm that was second to none. The incredible numbers proven in this research, coupled with our own record-breaking audience figures, demonstrate that 2023 was indeed the most successful Eurovision ever and is testament to all who played a part in bringing this year’s Song Contest to life.”

    Amy Finch – Head of Policy & Influencing, Spirit of 2012, said:

    “We are proud to see the headline statistics from the Eurovision evaluations show tremendous benefits for Liverpool. Particularly, we are delighted to see the amazing reach of EuroLearn and the effects of cultural engagement inspiring civic pride in Liverpool residents. Liverpool has once again proven itself to be a world class host city and we must ensure that the impact of Eurovision in communities will endure for years to come.”

    Dr Rebecca Phythian, Reader in Policing at Edge Hill University, said:

    “Having behind the scenes access to see first-hand the partnership working that goes into staging multi-agency operations like Eurovision was incredible. Since then, we’ve been working with practitioners from Merseyside Police, Culture Liverpool, BBC and many of the other organisations involved to identify what worked well and what could be done differently, all to inform future large-scale operations.”

    Mike Smith, Edge Hill University’s Senior Lecturer in Policing, said:

    “We found that trust and co-location were key to effective information sharing and multi-agency working. This was supported by building new, and strengthening existing, relationships, and ensured a joint understanding of risk and situational awareness.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Merseyside Police prepares for packed events schedule

    Source: City of Liverpool

    Merseyside Police has already begun extensive planning for another busy calendar of events across the region, with community partners continuing to play a vital role in ensuring the safety of those attending.

    The force’s planning teams are well-versed in delivering policing operations for major events, from the internationally renowned Aintree Races to Liverpool Pride. In the coming months, police and partners will draw up security plans for familiar favourites such as music concerts at the city’s waterfront and Anfield stadium and this year’s exciting addition to the calendar: Radio 1’s Big Weekend at Sefton Park in May.

    Chief Inspector Iain Wyke of Protective Security Operations at Merseyside Police said: “We’re fortunate to host a diverse range of events that bring visitors from far and wide to experience what Merseyside offers.

    “Our operational planning for this year’s events began many months ago. This includes working with partners to minimise disruption to local communities and delivering training for event organisers, venue staff and local businesses on how to spot suspicious activity and what action to take. Working with, and supporting partners, ensures the smooth running of these events, disrupting any potential criminal activity and keeping people safe.”

    Liverpool City Council’s Cabinet Member for Health, Wellbeing and Culture, Councillor Harry Doyle, said: “Our collaboration with Merseyside Police is incredibly valuable and as a top, global city for major events, this Team Liverpool approach is crucial. Supporting Project Servator allows us to disrupt criminal activity and ensure public safety is paramount before and during the events we host here.”

    The force will use a variety of tactics as part of its operational plans including Project Servator deployments, which have been used in Merseyside since 2018. The deployments are deliberately unpredictable and use specially trained uniform and plain-clothes officers to spot tell-tale signs that someone may be gathering information to help them plan or prepare to commit a crime. These officers will also encourage the public, including people working in local businesses, to be extra eyes and ears, and report suspicious activity.

    Chief Inspector Wyke added: “These highly visible Project Servator deployments are supported by colleagues in other specialist roles such as firearms officers and dog handlers. The officers are also in contact with City Watch for round-the-clock monitoring of the CCTV network used across the force area.

    “If you see a Project Servator deployment, there’s nothing to worry about. Feel free to talk to officers, they will be happy to explain what they are doing and how you can help keep people safe.”

    Everyone can play a part in ensuring a successful and safe programme of events. If you are out and about, report anything you see that doesn’t feel right immediately to a member of staff or a police officer. Or call the police on 101. If it is an emergency, always call 999.

    Guidance on how to help, including what suspicious activity to look out for, and confidential reporting is available at www.gov.uk/act.

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Injunctions granted against pair who preyed on vulnerable residents

    Source: City of Wolverhampton

    Oswald Clarke, aged 61 and of no fixed abode, and Emma Price, 39, also of no fixed abode, targeted vulnerable people, and coerced or threatened them to get into and take control of their properties, where they would then supply and use of class A controlled drugs such as heroin and crack cocaine.  

    The Court heard that Clarke in particular would threaten and intimidate the residents, often supplying them with drugs to persuade them to comply and hold them in debt to him.

    This exploitation, commonly known as cuckooing, attracted many people to properties the pair had taken over to use controlled drugs, in turn causing increased levels of anti social behaviour in the local area.

    Twelve people were identified as being victims of Clarke and Price over a period of 14 months, many of whom lived in Wolverhampton Homes properties in the Heath Town area.

    The injunctions last for 2 years and prohibit Clarke and Price from approaching or communicating with named victims, entering or remaining in the Heath Town area, entering any residential dwelling owned by the council or Wolverhampton Homes other than their homes, entering any other residential dwelling in Wolverhampton without the owner’s consent, and using abusive, offensive, threatening or intimidating language or behaviour to any council or Wolverhampton Homes resident.

    If either breach the injunctions, they could be fined or jailed for up to 2 years for contempt of court.

    Wolverhampton Anti Social Behaviour Team led on securing the injunctions, working closely with Wolverhampton Homes, West Midlands Police, and the City of Wolverhampton Council’s Exploitation Team and Legal Services.

    Councillor Obaida Ahmed, the City of Wolverhampton Council’s Cabinet Member for Digital and Community, said: “Clarke and Price preyed on vulnerable residents, causing them serious harm and causing anti social behaviour to the wider community.

    “We hope the injunctions that have been granted against them by the County Court will send out a strong message that such exploitation will not be tolerated across our city.”

    Wolverhampton Partnerships Sergeant Nicola Sephton added: “Officers in our exploitation hub work to safeguard and support those who are often vulnerable individuals.

    “We work closely with partners including the council and Wolverhampton Homes to protect those who are exploited, through the courts and by offering them the opportunities to move forward with their lives.”

    MIL OSI United Kingdom –

  • MIL-OSI Security: Public help sought to identify Summer 2024 disorder suspects

    Source: United Kingdom National Police Chiefs Council

    Police are working with Crimewatch Live to help identify those suspected of taking part in last year’s summer disorder.

    Two episodes of the famous BBC produced programme will feature videos and images of suspects committing the most serious offences, with the first airing today (Monday 3 March).

    Members of the public can also visit a new website to look through the images themselves, and submit information that they may have to the relevant police force: https://www.police.uk/disorder-appeal

    As always, those who wish to remain anonymous can call Crimestoppers on 0800 555 111or give information online.

    Police forces across the country remain committed to delivering swift justice to those involved in the summer disorder, and as of 22 January 2025, 1,804 arrests have been made, and with the Crown Prosecution Service, 1,072 charges brought so far, with the highest volume occurring in the north and centre of England, primarily for serious public order offences.

    This work has seen criminal justice outcomes delivered across all types of criminality, including arson, riot and assault, with prison sentences for some of the most serious cases, some as long as nine years.

    Suspects who have not yet been identified have not escaped justice; we are not stopping in our pursuit of them, and forces are consistently finding new ways to ascertain who they are, and to bring them in for questioning.

    If you were at any of these incidents and recognise yourself in any of the images, it is in your interest to do the right thing and contact the police. 

    ACC Ian Drummond-Smith of Operation Navette, the national policing response to the summer disorder, said:

    “I’m grateful for the support shown by everyone at BBC Crimewatch Live in seeing this appeal come to fruition. We have selected the most violent and serious offences to feature in the program, alongside a larger gallery of wanted people published today on our website. Partnership work like this is a great example of how the public can help us to progress investigations and ensure that offenders face justice.

    “I would urge everyone to watch these episodes of Crimewatch Live, and to carefully explore our website to see if you recognise any of the suspects.  We know some people travelled great distances to take part in the disorder, so I’d urge you to review the images even if there was no disorder in your area.

    “Working with the CPS, and others in the criminal justice system, we are committed to bringing these offenders to justice keep our communities kept safe”.

    MIL Security OSI –

  • MIL-OSI United Kingdom: Investigators help ensure jail time for former Brookside actor

    Source: City of York

    A total of 23 years in prison for a former Brookside actor and his associates has been awarded this afternoon.

    Former Brookside actor Philip Foster and 8 associates have today (28 February 2025) been sentenced for their part in a £13.6 million fraud that ran for over 8 years.

    The sentences handed down at Sheffield Crown Court today are the result of an over 6-year investigation by National Trading Standards, whose work uncovered an extensive network of sham modelling agencies that cruelly exploited the dreams of aspiring young models and their parents.

    Foster was the ringleader of the operation. He orchestrated the fraud from Spain, using a network of associates based in England who operated a string of sham modelling agencies and photography studios in cities across the country, including London, Manchester, Leeds, Bristol, Coventry, and Nottingham.

    More than 6,000 victims were deceived by the group – mainly young people and mothers – who ended up parting with substantial amounts of money under the false promise of securing paid modelling work.

    The fraud worked by setting up a photographic studio in the area and running a social media advertising campaign. People who responded were given the false impression that a model agency was interested in them, with emails telling them they had potential. Victims were then invited to a ‘free’ test shoot at the photographic studio, which turned out to be a ruse to try to extort money out of them.

    At the test shoot, victims were given a studio experience, handed glossy brochures and told how successful other people had been. They would then be told that they passed their studio test and that modelling agencies were interested, but they needed to purchase their portfolio photographs from the studio in order to join an agency and become an agency model.

    Victims were duped by the group who, between them, gave a good impression of running successful model businesses and lied to them about their potential. Millions of pounds were taken from aspiring models, with some coerced into financing the upfront payment through credit deals arranged by the fraudsters or taking out expensive payday loans.

    Instead, victims received poor quality digital photographs that stood no real chance of landing them professional jobs. Virtually none of the victims received any paid modelling work.

    The sham agencies were often dissolved after short periods, rebranded repeatedly to avoid detection, and paid no tax. Money from the scam was laundered through UK bank accounts before being transferred to Spain or carried in cash on commercial flights by co-conspirators.

    The investigation traced substantial sums to Foster, who lived in luxury abroad and purchased high-end watches and cars with the proceeds of the fraud. The investigation heard how many victims, left financially and emotionally devastated, described feeling humiliated and betrayed. Some experienced lasting distress that affected their confidence, wellbeing and their ability to trust others.

    The sentences, which were handed down today in the absence of Philip Foster, who is currently living in Spain, are as follows:

    • Philip Foster, aged 49, Edificio Marina Mariola, Marbella, Spain, sentenced to 8.5 years for conspiracies to defraud
    • Michael Foster, aged 27, Snowdon Lane, Liverpool, sentenced to 3.5 years for conspiracy to defraud
    • Paul Evans, aged 39, no known address, sentenced to 3.5 years for offences related to money laundering
    • Jamie Peters, aged 52, Pentland Place, Warrington, sentenced to 24 months, suspended for 2 years, for conspiracy to defraud
    • Lisa Foster, aged 42, Manchester Road, Astley, sentenced to 18 months, suspended for 12 months, for conspiracy to defraud
    • Emily Newall, aged 29, Bolton Road, Kearsley, Greater Manchester, sentenced to 10 months, suspended for 12 months, for conspiracy to defraud
    • Atif Qadar, aged 44, Larkswood Drive, Crowthorne, sentenced to 12 months, suspended for 12 months, for conspiracy to defraud
    • Paul Fleury, aged 57, Manchester Road, Swinton, Manchester, sentenced to 18 months, suspended for 12 months, for conspiracy to defraud
    • Aslihan Foster aged 39, Tredington Road, Coventry, sentenced to 18 months, suspended for 12 months, for an offence related to money laundering

    Today’s sentencing follows over 6 years of investigative work by the National Trading Standards eCrime Team, hosted by North Yorkshire Council and City of York Council, including forensic analysis of financial transactions, thousands of consumer complaints, and witness testimony from victims. The team was supported by the National Trading Standards South West Regional Investigations Team, hosted by Bristol City Council.

    Judge Dixon, said: 

    The business worked on the basis of greed taking what they could where they could. Some people were so convinced by the level of deception that they took out payday loans, which gives a clear indication as to how manipulative and cynical the fraud was. It was horrible, despicable, dishonest behaviour and every single one of you deserves to go to prison. 

    “The officers have carried out an exceptional job to bring these defendants to justice. It was not straightforward or easy. This investigation was conducted with particular skill.  A commendation should be made on the basis of the skill deployed.”

    Lord Bichard, Chair of the National Trading Standards, said:

    Foster’s cruel exploits left thousands of victims in serious debt, causing lasting emotional distress and significant financial pressures.

    “Today’s sentences are an important reminder to would-be criminals that Trading Standards officers across the country are determined to clamp down on fraud, protecting victims and bringing criminals to justice.

    “I would encourage anyone who has been a victim of similar scams to report it to the Citizens Advice Consumer Service on 0808 223 1133.”

    Councillor Jenny Kent, Executive Member with responsibility for Trading Standards at City of York Council, said:

    Today’s sentencing follows years of highly effective trading standards investigative work. Mr Foster and his associates made millions by exploiting the hopes of young people, leaving a trail of broken dreams and financial hardship. I urge everyone to question any modelling contract which demands money up front, and hope that the young people and families affected can now move on to a brighter future, whichever path they choose.”

    North Yorkshire Council’s executive member Councillor Greg White, whose responsibilities include Trading Standards, said:

    Foster and his fellow scammers cruelly exploited young hopefuls trying to break into one of the most competitive industries. In some cases, parents borrowed money or sacrificed savings, believing they were investing in their children’s futures.

    “I urge anyone searching online for modelling opportunities to remember that legitimate agencies don’t ask for money upfront, it’s often only scam agencies who push expensive photoshoots as a pre-requisite to getting work.”

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: Beginning of the end for the ‘feudal’ leasehold system

    Source: United Kingdom – Executive Government & Departments

    Press release

    Beginning of the end for the ‘feudal’ leasehold system

    The government has published the Commonhold White Paper today.

    • Commonhold, a radical improvement on leasehold ownership, will be reinvigorated under major reforms
    • New leasehold flats to be banned as the government takes steps to honour its manifesto commitment to ensure commonhold becomes the default tenure
    • Major change will give homeowners a stake in the ownership of their buildings and will hand them more power, control and security over their homes.
    • Change will ensure flat owners are not second-class homeowners and that the unfair feudal leasehold system is brought to an end, building on the Plan for Change ambition to drive up living standards

    Homeowners will have a stake in the ownership of their buildings from day one, not have to pay ground rent, and will gain control over how their buildings are run under major plans to bring the feudal leasehold system to an end. 

    Plans to reinvigorate commonhold and make it the default tenure have been announced today. Unlike leasehold ownership where third-party landlords own buildings and make decisions on behalf of homeowners, these changes will empower hard working homeowners to have an ownership stake in their buildings from the outset and will give them greater control over how their home is managed and the bills they pay. 

    Supporting delivery of a manifesto commitment – these reforms mark the beginning of the end for the feudal leasehold system. The changes complement the Plan for Change milestone to build 1.5 million homes, combatting the acute and entrenched housing crisis by making homeownership fit for the future, by putting people in control of the money they spend on their home. 

    Commonhold-type models are used all over the world. The autonomy and control that it provides for are taken for granted in many other countries. It can and does work and the government is determined, through both new commonhold developments and by making conversion to commonhold easier, to see it take root – so millions of existing leaseholders can also benefit from this step change in rights and security.

    Housing and Planning Minister Matthew Pennycook said:

    “This government promised not only to provide immediate relief to leaseholders suffering now but to do what is necessary to bring the feudal leasehold system to an end – and that is precisely what we are doing. 

    “By taking decisive steps to reinvigorate commonhold and make it the default tenure, we will ensure that it is homeowners, not third-party landlords, who will own the buildings they live in and have a greater say in how their home is managed and the bills they pay.

    “These reforms mark the beginning of the end for a system that has seen millions of homeowners subject to unfair practices and unreasonable costs at the hands of their landlords and build on our Plan for Change commitments to drive up living standards and create a housing system fit for the twenty-first century.”

    Following the introduction of a comprehensive new legal framework for commonhold, new leasehold flats will be banned, and in the meantime the government will continue to implement reforms to help millions of leaseholders who are currently suffering from unfair and unreasonable practices at the hands of unscrupulous freeholders and managing agents.  

    The government has already empowered leaseholders with more rights and security – enabling them to buy their freehold or extend their lease without having to wait two years from the point they purchased their property, and overhauling the right to manage – putting more leaseholders in the driving seat of the management of their property and service charges. 

    Progress will be made as quickly as possible to make it cheaper and easier for leaseholders to buy their freehold or extend their lease, and to make it easier for leaseholders to challenge unreasonable service charge increases.

    Changes set out in the Commonhold White paper include:

    • New rules that will enable commonhold to work for all types of developments, including mixed-use buildings and allowing shared ownership homes within a commonhold.   
    • Greater flexibility over development rights, helping developers build with confidence and maintaining safeguards for the consumer.   
    • Giving mortgage lenders greater assurance with new measures to protect their stake in buildings and protect the solvency of commonholds – such as mandatory public liability insurance and reserve funds and greater oversight by commonhold unit owners to keep costs affordable.   
    • Strengthening the management of commonholds, with new rules around appointing directors, clear standards for repairs, and mandating use of reserve funds; and  
    • Providing an enhanced offer for homeowners – including requiring greater opportunities for democracy in agreeing the annual budget, clarifying how owners may change “local rules” over how a building is run and new protections for when things go wrong.

    A new Code of Practice will set out how costs should be apportioned in commonhold, aimed at providing consumers with transparency and clarity, and the Government is committed to strengthening regulation of managing agents. The government will also launch a consultation to ban new leasehold flats later this year to explore the best way forward. 

    An ambitious draft Leasehold and Commonhold Reform Bill will be published later this year setting out the legal framework for how reformed commonhold will work.

    Further information

    Under the current system, leasehold ownership hands the homeowner the right to occupy land or a property for a set period which reverts back to the freeholder once this expires. It means leaseholders don’t own their property outright, are forced to pay potentially escalating ground rent costs in some cases, and have a landlord who determines how the building is run and determines service charges the leaseholder must pay.  

    Commonhold ownership allows people to fully own their property outright, with no expiring term or need to save to extend a lease. They can have a say in managing their building, and have the benefit of not needing to pay ground rent or have a third party landlord. There are no leases, with the rights, responsibilities and rules for all property owners set out in the Commonhold Community Statement (CCS). This “rulebook” establishes how the shared areas and facilities will be managed, maintained and funded, as well as the obligations for each person. It establishes a democratic system of decision-making and helps prevent disputes.  

    Each property owner will become part of a commonhold association upon buying their home, which oversees both the governance and management of the building unless it decides to bring in a managing agent – which will be accountable to the commonholders, not to a landlord, including the power to hire and fire them.   

    Through the commonhold association, homeowners will have a vote on the annual budget, which is for upkeep and for maintenance of the building, and on the charges they have to pay – equivalent to what service charges are used for under the current leasehold system. Homeowners will also be able to effectively plan for longer-term repairs or maintenance under commonhold, and vote on issues that affect them including adopting ‘local rules’ – specific to how they and their neighbours in the same block of flats want to live.   

    The government is pushing forward the majority of the Law Commission’s recommendations due to the benefits of this tenure over leasehold.  Initially introduced in England and Wales in 2002, commonhold has struggled to take off due to flaws in its legal framework, despite its success in Europe, New Zealand, Australia, the US and other parts of the world.

    Key differences between commonhold and leasehold:

    • Commonhold offers full freehold ownership – real homeownership – unlike leasehold, whereby a property is leased out for a set amount of time before reverting back to the landlord and homeowners have a lack of control over their building.  
    • Commonhold allows homeowners a say on the annual budget for their building – including how their charges for upkeep and maintenance are spent – unlike leasehold, where a bill is usually imposed on leaseholders by landlords often even after the money has been spent.  
    • There is no ground rent in a commonhold property, compared to older leasehold properties. The ground rent requirement for newer properties was removed in 2022 (2023 for retirement properties) through the Leasehold Reform (Ground Rent) Act 2022.   
    • Forfeiture is not possible under commonhold, meaning a unit owner cannot be threatened with losing their home and equity as they can in leasehold. The government will also address the disproportionate and draconian threat of forfeiture as a means of compliance with a lease agreement.    
    • Commonholders have the power to hire or fire a managing agent who works in their interests, unlike in leasehold where one is appointed by the landlord.

    Updates to this page

    Published 3 March 2025

    MIL OSI United Kingdom –

  • MIL-OSI USA: Governor Newsom releases 2024 judicial appointment data

    Source: US State of California 2

    Feb 28, 2025

    SACRAMENTO – Governor Gavin Newsom today released judicial applicant and appointee data for the administration’s judicial appointments.

    Since taking office in 2019 through 2025, Governor Newsom made 576 judicial appointments – including 131 in 2024 – from a pool of 1,898 applicants.

    More than half of the Governor’s judicial appointments have been women judges and justices, and more than half also identified as Asian, Black or African American, Hispanic, or Native Hawaiian or other Pacific Islander.

    A copy of the judicial applicant and appointee data chart can be found here and is below:

    Judge and Justice demographic data is collected by the Judicial Council of California and State Bar membership data is collected by the California State Bar, based on voluntary survey results. A more detailed breakdown of the demographic data collected by the Judicial Council and the State Bar can be found here and here.

    Press Releases, Recent News

    Recent news

    Feb 28, 2025

    News What you need to know: Local community leaders are praising Governor Newsom’s announcement this week of new financial investments to help boost LA’s economic recovery, as well as the launch of California’s Economic Blueprint and the Los Angeles County Jobs First…

    Feb 28, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced the appointment of Nani Coloretti as his new Cabinet Secretary and expressed deep gratitude to departing Cabinet Secretary Ann Patterson for her six years of exemplary service. Patterson, who had planned to step…

    Feb 27, 2025

    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Aaron Maguire, of Roseville, has been appointed Executive Officer of the Board of State and Community Corrections, where he has been Acting Executive Officer at the Board of State and…

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: NHRC, India’s ITEC Executive capacity-building programme on human rights in partnership with the MEA for senior functionaries of NHRIs of Global South begins in New Delhi

    Source: Government of India (2)

    NHRC, India’s ITEC Executive capacity-building programme on human rights in partnership with the MEA for senior functionaries of NHRIs of Global South begins in New Delhi

    Inaugurating it, NHRC, India Chairperson, Justice Shri V. Ramasubramanian highlights India’s rich diverse cultural ethos with various castes, communities, art forms and languages and shared values binding its unity for centuries

    Says, there can’t be tailor-made solutions under international norms to addressing human rights problems in every country having its own diverse socio-economic and cultural realities

    Platforms like ITEC provide an opportunity to share and exchange each other’s rich cultural diversity and human rights values, to think and find ways on how best to address the ever-emerging human rights challenges

    Posted On: 03 MAR 2025 4:01PM by PIB Delhi

    The six-day Indian Technical and Economic Cooperation Executive (ITEC) Capacity Building Programme on human rights for the NHRIs of Global South, being organized by the National Human Rights Commission (NHRC), India in partnership with the Union Ministry of External Affairs (MEA) began in New Delhi today. About 47 participants from the NHRIs of 14 countries of the Global South have confirmed their participation. These are Madagascar, Uganda, Samoa, Timor Leste, DR Congo, Togo, Mali, Nigeria, Egypt, Tanzania, Mauritius, Burundi, Turkmenistan, and Qatar.

    Justice V. Ramasubramanian, Chairperson, NHRC, India in his inaugural address said that India is a country of rich diverse cultural ethos with various castes, communities, art forms and languages and yet it thrives in its unity of shared values and traditions for centuries. However, he said that diversity also comes with diverse problems requiring diverse solutions. Every country has its socio-cultural, political, and economic traditions and diversities may face challenges while addressing the human rights issues given their standardised approaches set to dealing with them following the Universal Declaration of Human Rights. Therefore, solutions to the problems can’t be tailor-made for every country to follow.

    Justice Ramasubramanian said that such platforms like ITEC provide an opportunity to share and exchange each other’s rich cultural diversity and human rights values to think and find ways how best to address the ever-emerging human rights challenges in each country with its social, cultural, political and economic realities.

    He expressed his gratitude to the participating senior functionaries of the NHRIs of Global South and their countries for accepting NHRC, India’s invitation to depute them for participation. He also referred to many ancient Indian texts highlighting the human values and ethos practiced in the countries or centuries, which hold relevance even today for the whole world.

    Justice (Dr) Bidyut Ranjan Sarangi, Member, NHRC, India in his remarks stated that the Commission has played a crucial role in shaping India’s human landscape through its wide-ranging initiatives. Unlike many Western approaches that emphasise individual freedom above all else, India follows a more balanced model that values both individual and collective rights. India’s engagement in international human rights forums reflects its dedication to building a just and equitable global order. He said that capacity-building initiatives like ITEC play a crucial role in expanding our knowledge and refining our skills. While engaging in this programme, let us recognise the need to contextualise human rights principles within our national realities while remaining steadfast in our commitment to universal values of dignity, justice and equality.

    Smt Vijaya Bharathi Sayani, Member, NHRC, India said that by sharing our collective wisdom and resources, we can significantly enhance the protection and promotion of human rights across our nations and regions in the scenario of constantly evolving global human rights landscape. She also highlighted some of the key thematic issues of human rights that are being focused on by the NHRC, India, including the rights of women and achieving gender equality, protecting marginalised communities, safeguarding vulnerable populations in the context of development and displacement, among others.

    NHRC, India Secretary General, Shri Bharat Lal in his opening remarks said that India traditionally always wants to share its most cherished knowledge and wisdom for the larger cause of humanity. This training has been organised with the same spirit wherein we hope and expect to learn from each other. He said that India has a federal structure of governance with 27 State Human Rights Commissions besides the National Human Rights Commission and other Commissions to address the issues of the rights and welfare of various segments of society. The NHRC, India is not just a human rights advocacy forum but responsible for enforcing human rights in the country.

    On the occasion, senior officers of the NHRC, India and MEA were present. The capacity building programme has several sessions on various aspects of human rights to be addressed by the eminent expert speakers with a national and international perspective.

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    NSK

    (Release ID: 2107759) Visitor Counter : 29

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Appointments to GBA Task Force and Advisory Group of GBA Lawyers announced

    Source: Hong Kong Government special administrative region

    Appointments to GBA Task Force and Advisory Group of GBA Lawyers announced
    Appointments to GBA Task Force and Advisory Group of GBA Lawyers announced
    **************************************************************************

         The Government announced today (March 3) the appointment of seven new members, as well as the reappointment of 19 incumbent members, of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) Task Force and thereunder the Advisory Group of GBA Lawyers. Their appointments take effect today for a term of two years.     The Chairman of the GBA Task Force, the Deputy Secretary for Justice, Dr Cheung Kwok-kwan, welcomed the new members of the GBA Task Force, namely Mr Neville Cheng Chung-hon, Mr Michael Lok Hui-yin, Mr Tse Shing-yick, Mr Joaquim Vong Keng-hei and Mr Zeng Xuezhi, and the new members of the Advisory Group of GBA Lawyers, Mr Cheong Wang-chit and Mr Wong Sin-tuen. Dr Cheung said he believes that the reappointed and newly appointed members will provide invaluable advice on promoting the construction of the rule of law in the GBA.     Dr Cheung also thanked the outgoing member, Mr Wong Pit-man, for his contributions to the GBA Task Force.     The membership of the GBA Task Force and the GBA Advisory Group are set out in the Annex.

     
    Ends/Monday, March 3, 2025Issued at HKT 17:30

    NNNN

    MIL OSI Asia Pacific News –

  • MIL-OSI Security: Military Flight Supports Partner Training, Projects Global Power

    Source: United States AFRICOM

    U.S. Africa Command, supported by U.S. Strategic Command, conducted a unique training opportunity with Libyan military tactical air controllers to promote the process of reunification of Libyan military and security institutions Feb. 26 in the vicinity of Sirte, Libya.

    Two U.S. B-52H Stratofortress aircraft from the 2nd Bomb Wing, Barksdale Air Force Base, La., transited Libyan airspace while Libyan and U.S. Joint Tactical Air Controllers demonstrated how they would jointly guide the B-52s to conduct a simulated mission.

    “We are committed to continued cooperation with Libyan forces in support of a stable, unified and sovereign Libya,” said Lt. Gen. John Brennan, U.S. Africa Command Deputy Commander.  

    This event showcases Libyan military unity and professionalism while demonstrating the United States’ commitment to cooperation with respected international partners.

    The B-52s flew from the United States to Libya as part of a Bomber Task Force mission coordinated with Libyan counterparts, reinforcing the United States’ ability to project power globally for the collective defense and security of the U.S. homeland, partners and allies.

    These missions enable U.S. and international partners to maintain a high state of readiness, interoperability, and proficiency, strengthening the ability of U.S. and international partners to address mutual security challenges and goals.

    U.S. Africa Command, one of 11 U.S. Department of Defense combatant commands with an area of responsibility covering 53 African states, more than 800 ethnic groups, over 1,000 languages, vast natural resources, a land mass that is three-and-a-half times the size of the U.S., and nearly 19,000 miles of coastland. Working alongside its partners, AFRICOM counters transnational threats and malign actors, strengthens security forces and responds to crises.

    Find more information about Bomber Task Force missions here.

    MIL Security OSI –

  • MIL-OSI United Kingdom: Opportunities for people looking to take action locally

    Source: Scotland – City of Aberdeen

    An online ‘toolkit’ to support anyone to make positive changes in their community has been launched by Community Planning Aberdeen on Friday 28 February.

    The Community Empowerment Toolkit provides tips and information for anyone looking to improve their community, and for anyone looking to undertake effective community engagement.

    Councillor Christian Allard, Co-Leader of Aberdeen City Council and Chair of Community Planning Aberdeen, said: “We appreciate, understand and value the vital role that communities must play in improving outcomes for Aberdeen.

    “This online toolkit gives individuals and groups access to information that can help to them to influence and action improvements that will benefit their local community, which in turn will be good for the city.

    “We want all people living in Aberdeen, regardless of their background and circumstances, to be empowered and pro-active in their community. Our ambition is for all communities to become equal community planning partners.”

    The online toolkit has been developed through engagement with community members and organisations across Aberdeen, and the Grampian Engagement Network. It is also being supported NHS Grampian’s Putting People First programme.

    Anyone who lives in Aberdeen is a member of their local community and as a community member can find a wide range of information including how to contact their local Community Council, where to get help with funding a project, useful data to support projects, and how to connect with existing groups and organisations.  

    For organisations that are keen to undertake community engagement, the toolkit provides a step-by-step guide, with lots of useful resources to help support effective community engagement.

    Community Planning Aberdeen is the name for the local partnership of public, private and third sector organisations and communities working together to improve people’s lives across Aberdeen through the Local Outcome Improvement Plan (LOIP). An easy-to-read version of the LOIP for children and young people is also available.

    The Local Outcome Improvement Plan sets out Community Planning Aberdeen’s priorities for improving the city – there are 16 for how it proposes to do this, which cover four themes: Economy, People, Place and Community Empowerment.

    Community Planning Aberdeen members are Aberdeen City Council, ACVO (Aberdeen Council for Voluntary Organisations), Aberdeen City Health and Social Care Partnership, NHS Grampian, North East Scotland College, Police Scotland, Skills Development Scotland, Scottish Enterprise, NESTRANS, Scottish Fire & Rescue Service, Robert Gordon University, and the University of Aberdeen.

    MIL OSI United Kingdom –

  • MIL-OSI Asia-Pac: Kai Tak Sports Park Grand Opening Ceremony held today (with photos)

    Source: Hong Kong Government special administrative region

    Kai Tak Sports Park Grand Opening Ceremony held today (with photos)
    Kai Tak Sports Park Grand Opening Ceremony held today (with photos)
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         The Chief Executive, Mr John Lee, officiated at the Kai Tak Sports Park (KTSP) Grand Opening Ceremony at Kai Tak Stadium today (March 1). The KTSP is the largest sports infrastructure project ever commissioned in Hong Kong. It will boost sports development and inject impetus into related industries such as recreation, entertainment and tourism, and also mega-event economy, thereby consolidating Hong Kong’s reputation as an event capital in Asia.           Other officiating guests at the opening ceremony included the Director of the Liaison Office of the Central People’s Government in the Hong Kong Special Administrative Region, Mr Zheng Yanxiong; the Chief Secretary for Administration, Mr Chan Kwok-ki; the President of the Legislative Council, Mr Andrew Leung; the Convenor of the Non-official Members of the Executive Council, Mrs Regina Ip; the Secretary for Culture, Sports and Tourism, Miss Rosanna Law and the Chairman of the Board of Directors of the Kai Tak Sports Park Limited, Dr Henry Cheng.           Speaking at the opening ceremony, Mr Lee, said that the KTSP, the largest sports park in Hong Kong’s history, will soon welcome top local, Mainland and international sports, music and cultural events, kicking off Hong Kong Super March. Once an airport in the middle of a busy city, Kai Tak has evolved from a flight terminal to a new global stage for sports, culture and arts, reflecting Hong Kong’s spirit of “daring to be the pioneer” and creating unlimited horizons in a limited space.     Opening today, the KTSP provides modern and multi-purpose sports and recreation facilities, including a 50 000-seat Kai Tak Stadium, a 10 000-seat Kai Tak Arena and a 5 000-seat Kai Tak Youth Sports Ground. There are also over 700 000 feet of retail, catering as well as leisure and entertainment facilities in the KTSP, providing a one-stop sports, leisure, catering and shopping experience for citizens and tourists, as well as the necessary hardware for driving the development of sports and the relevant industries. For more information of the KTSP, please visit www.kaitaksportspark.com.hk.

     
    Ends/Saturday, March 1, 2025Issued at HKT 22:10

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  • MIL-OSI Asia-Pac: Fatal traffic accident in Aberdeen

    Source: Hong Kong Government special administrative region

         Police are investigating a fatal traffic accident in Aberdeen today (March 1) in which a woman died.
         
         At about 8.46am, a public light bus (PLB) driven by a 57-year-old man was travelling along Chi Fu Road westbound. When approaching a carpark on 13-19 Chi Fu Road, it reportedly knocked down an 84-year-old female pedestrian.

         Sustaining head injury, the woman was rushed to Queen Mary Hospital in unconscious state and was certified dead at 2.50pm.

         The PLB driver was arrested for dangerous driving causing grievous bodily harm after the accident and has been released on bail pending further enquiries. He is required to report back to Police in late March.

         Investigation by the Special Investigation Team of Traffic, Hong Kong Island is under way.
         
         Anyone who witnessed the accident or has any information to offer is urged to contact the investigating officers on 3660 6814.

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