Trump Organization found guilty of tax fraud scheme

Trump Organization found guilty of tax fraud scheme

NEW YORK, Dec 6 (Reuters) – Donald Trump’s real estate company was convicted on Tuesday of carrying out a 15-year-long criminal scheme to defraud tax authorities, adding to the legal woes facing the former U.S. president as he campaigns for the office again in 2024. The Trump Organization – which operates hotels, golf courses, and … Read more

Jury in Trump Organization’s criminal tax fraud trial to begin deliberations

Jury in Trump Organization’s criminal tax fraud trial to begin deliberations

NEW YORK, Dec 5 (Reuters) – Jurors in the Trump Organization’s tax fraud trial are set to start deliberating on Monday, following four weeks of testimony and arguments about executive pay practices at Donald Trump’s real estate company that prosecutors say amounted to a years-long criminal scheme. The former U.S. president’s company was charged in … Read more

Blackstone’s $69 bln REIT curbs redemptions in blow to property empire

Blackstone’s  bln REIT curbs redemptions in blow to property empire

NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. The curbs came because redemptions hit pre-set limits, rather than Blackstone … Read more

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’

NEW YORK, Nov 30 (Reuters) – Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars. Speaking via video link at the New York Times’ … Read more

Vietnam’s VinFast ships first electric vehicles to U.S. customers

Vietnam’s VinFast ships first electric vehicles to U.S. customers

HAI PHONG, Vietnam, Nov 25 (Reuters) – Vietnam’s electric vehicle maker VinFast said on Friday it had shipped its first batch of 999 cars to the United States, capping a five-year bid to develop an auto production hub in the Southeast Asian country for markets in North America and Europe. The first cars are expected … Read more

Trump rebuffed by judge in New York fraud lawsuit, trial date set

Trump rebuffed by judge in New York fraud lawsuit, trial date set

NEW YORK, Nov 22 (Reuters) – A New York judge has scheduled an October 2023 trial for former U.S. President Donald Trump, three of his adult children and the Trump Organization in a lawsuit brought by New York Attorney General Letitia James accusing them of fraudulently overvaluing the real estate company’s assets and Trump’s net … Read more

Exclusive: Bankman-Fried’s FTX, parents bought Bahamas property worth $121 million

Exclusive: Bankman-Fried’s FTX, parents bought Bahamas property worth 1 million

FTX unit bought 7 condos in high-end resort for “key personnel” Bankman-Fried’s parents named owners of $16.4 mln vacation home Bankman and Fried tell Reuters: Seeking to return deed to FTX NEW PROVIDENCE, Bahamas, Nov 22 (Reuters) – Sam Bankman-Fried’s FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 … Read more

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Buffett’s Berkshire discloses .1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan on Tuesday, as it boosted investor sentiment … Read more

Barrack says he hoped Trump ties would appeal to UAE; denies being agent

Barrack says he hoped Trump ties would appeal to UAE; denies being agent

NEW YORK, Oct 27 (Reuters) – Tom Barrack, a onetime fundraiser for Donald Trump, acknowledged under cross-examination on Thursday that he hoped his ties to the then-president would encourage a United Arab Emirates official to invest with his company, but said he did not agree to exchange political access for a business relationship. Federal prosecutors … Read more

The big reveal: Xi set to introduce China’s next standing committee

The big reveal: Xi set to introduce China’s next standing committee

BEIJING, Oct 21 (Reuters) – Xi Jinping, poised to clinch a third five-year term as China’s leader, will on Sunday preside over the most dramatic moment of the Communist Party’s twice-a-decade congress and reveal the members of its elite Politburo Standing Committee. Xi’s break with precedent to rule beyond a decade was set in motion … Read more