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NFL Week 12: Aaron Rodgers says that if he plays in 2025, he would like it to be with the JetsProgram Announced at Rutgers Men's Basketball Game as Part of LG's Life's Good Night PISCATAWAY, N.J. , Dec. 16, 2024 /PRNewswire/ -- LG Electronics USA , a proud partner of Rutgers Athletics, announced the creation of two positions in its annual LG Summer Internship Program exclusively for Rutgers student-athletes. The announcement was made at a recent Rutgers men's basketball game, which also featured a series of Life's Good giveaways for fans, including LG TVs and LG XBOOM Audio products. As part of the company's commitment to fostering young talent, interns will have the chance to work alongside experienced professionals, gaining exposure to various areas of LG's organizations and making important contributions to real-world projects as part of the internship program. "LG is a very meaningful and impactful place to work," said Audrey Cha , a junior at Rutgers and former LG brand marketing summer intern who was on hand to help make the announcement. "I'm really passionate about the field of marketing, and my internship allowed me to experience a lot of real-world work in my field. I was also able to make a lot of connections that I've maintained even after my internship ended," she added. LG also added multiple Life's Good moments throughout the game for the fans. As part of the company's sponsorship, LG brought "Life's Good" to center court at Jersey Mike's Arena with a friendly head-to-head competition and product giveaways. Following the game, fans enjoyed a meet-and-greet with Rutgers guard and team captain, Jeremiah Williams . "LG recognizes the importance of investing in the next generation of leaders, and our internship program provides a unique opportunity for students to gain enriching experiences in a variety of fields in a dynamic corporate environment," said Louis Giagrande , LG USA head of marketing. "We are proud to partner with Rutgers Athletics to support their student-athletes both on and off the court." "LG's summer internship program continues to create exceptional opportunities for our student-athletes," said Carey Loch , Senior Associate Athletic Director for Student-Athlete Development and Success at Rutgers University . "The presence of LG at this game had a powerful impact, energizing fans, strengthening the LG-Rutgers partnership and showcasing LG's investment in our students' futures." In addition to highlighting the internship program, the halftime competition featured a head-to-head challenge where fans tested their basketball shooting skills for a chance to win LG prizes. During the post-game meet and greet with Williams, fans also had the opportunity to take pictures, get his autograph and win LG products including XBOOM XL7 and XBOOM XG2T portable audio speakers. To learn more about LG's commitment to student-athletes, visit https://www.lg.com/us/ncaa . About LG Electronics USA LG Electronics USA , Inc., based in Englewood Cliffs, N.J. , is the North American subsidiary of LG Electronics, Inc., a $68 billion global innovator in technology and manufacturing. In the United States , LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. The company's commitment to environmental sustainability and its "Life's Good" marketing theme encompass how LG is dedicated to people's happiness by exceeding expectations today and tomorrow. www.LG.com . Media Contacts: LG Electronics USA Chris De Maria christopher.demaria@lge.com 908-548-4515 Kristi Hubert Kristi.Hubert@LG-One.com 630-995-5444 View original content to download multimedia: https://www.prnewswire.com/news-releases/lg-usa-announces-creation-of-2025-summer-internships-exclusively-for-rutgers-student-athletes-302332916.html SOURCE LG Electronics USA
Furious Cucurella changes cleats after slipping twice to concede early goals, then helps Chelsea win
Scarlett Johansson found turning 40 to be a "liberating" experience. Login or signup to continue reading The Hollywood star, who celebrated her 40th birthday on Friday, says she's looking forward to the next chapter of her life with a renewed sense of optimism. Asked how she feels about turning 40 on LIVE with Kelly and Mark, Johansson replied: "Well, it's only been three days, but so far, it's great." The actress subsequently suggested that she feels freed after reaching the landmark birthday. She said: "You also don't care what anybody thinks, which is so liberating. It's so liberating!" Johansson also revealed her husband Colin Jost threw a surprise bash for her 40th. The star, who has been married to Jost since 2020, shared: "He threw me a humungous bash this year. It was a surprise. And I had all the martinis for everyone and I can't wait to see the photos so I can remember the night." Scarlett's "friends and colleagues came from all over the place" to attend the party. She added: "It was magical. And he put it all together!" Earlier this year, Johansson suggested that she doesn't worry about ageing and is now happy to embrace a natural look. The Black Widow star said on Good Morning America: "What I used to see in the past as perceived flaws, I now hold a lot more acceptance." Johansson admitted that she feels "proud" of her natural appearance. Johansson, who has a three-year-old son called Cosmo with Jost, said: "I go out of the house and I don't even wear make-up sometimes - I am presenting myself in a proud way and everything it has taken to get here." Australian Associated Press DAILY Today's top stories curated by our news team. Also includes evening update. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. 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DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily!PHILADELPHIA and NEW YORK , Dec. 27, 2024 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) today announced that it has completed its previously announced offering of an additional $100 million in aggregate principal amount of its 6.125% notes due 2030 (the "Notes"). The Notes will be a further issuance of, and form a single series with, the $600 million aggregate principal amount of 6.125% Notes due 2030 that FSK issued on November 20, 2024 , increasing the outstanding aggregate principal amount of the series to $700 million . BofA Securities, Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC, KKR Capital Markets LLC, SMBC Nikko Securities America, Inc., and Truist Securities, Inc. are acting as joint book-running managers for this offering. FSK intends to use the net proceeds of this offering for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. About FS KKR Capital Corp. FSK is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies. FSK is advised by FS/KKR Advisor, LLC. About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between FS Investments and KKR Credit that serves as the investment adviser to FSK and other business development companies. FS Investments is a global alternative asset manager dedicated to delivering superior performance and innovative investment and capital solutions. The firm manages over $83 billion in assets for a wide range of clients, including institutional investors, financial professionals and individual investors. FS Investments provides access to a broad suite of alternative asset classes and strategies through its best-in-class investment teams and partners. With its diversified platform and flexible capital solutions, the firm is a valued partner to general partners, asset owners and portfolio companies. FS Investments is grounded in its high-performance culture and guided by its commitment to building value for its clients, investing in its colleagues and giving back to its communities. The firm has more than 500 employees across offices in the U.S., Europe and Asia and is headquartered in Philadelphia . KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. Forward-Looking Statements and Important Disclosure Notice This announcement may contain certain forward-looking statements, including statements with regard to future events or future performance or operations of FSK. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in FSK's operations or the economy generally due to terrorism, geo-political risks, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in FSK's operating area and the price at which shares of FSK's common stock trade on the New York Stock Exchange. Some of these factors are enumerated in the filings FSK makes with the SEC. FSK undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Information: Investor Relations Contact Anna Kleinhenn Anna.Kleinhenn@fsinvestments.com FS Investments Media Team Melanie Hemmert Melanie.Hemmert@fsinvestments.com View original content to download multimedia: https://www.prnewswire.com/news-releases/fsk-completes-public-offering-of-100-million-6-125-unsecured-notes-due-2030--302339667.html SOURCE FS Investments
BEIRUT (AP) — In 2006, after a bruising monthlong war between Israel and Lebanon’s powerful Hezbollah militant group, the United Nations Security Council unanimously voted for a resolution to end the conflict and pave the way for lasting security along the border. But while there was relative calm for nearly two decades, Resolution 1701’s terms were never fully enforced. Now, figuring out how to finally enforce it is key to approved by Israel on Tuesday. In late September, after nearly , the conflict between Israel and Hezbollah spiraled into all-out war and an . As Israeli jets pound deep inside Lebanon and Hezbollah fires rockets deeper into northern Israel, U.N. and diplomatic officials again turned to the 2006 resolution in Years of deeply divided politics and regionwide geopolitical hostilities have halted substantial progress on its implementation, yet the international community believes Resolution 1701 is still the brightest prospect for long-term stability between Israel and Lebanon. Almost two decades after the last war between Israel and Hezbollah, the United States led shuttle diplomacy efforts between Lebanon and Israel to agree on a ceasefire proposal that renewed commitment to the resolution, this time with an implementation plan to try to bring the document back to life. What is UNSC Resolution 1701? In 2000, Israel withdrew its forces from most of southern Lebanon along a U.N.-demarcated “Blue Line” that separated the two countries and the Israeli-annexed Golan Heights, which most of the world considers occupied Syrian territory. , increased their presence along the line of withdrawal. Resolution 1701 was supposed to complete Israel’s withdrawal from southern Lebanon and ensure Hezbollah would move north of the Litani River, keeping the area exclusively under the Lebanese military and U.N. peacekeepers. Up to 15,000 U.N. peacekeepers would help to maintain calm, return displaced Lebanese and secure the area alongside the Lebanese military. The goal was long-term security, with land borders eventually demarcated to resolve territorial disputes. The resolution also reaffirmed previous ones that call for the disarmament of all armed groups in Lebanon — Hezbollah among them. “It was made for a certain situation and context,” Elias Hanna, a retired Lebanese army general, told The Associated Press. “But as time goes on, the essence of the resolution begins to hollow.” Has Resolution 1701 been implemented? For years, Lebanon and Israel blamed each other for countless violations along the tense frontier. Israel said Hezbollah’s elite Radwan Force and growing arsenal remained, and accused the group of using a to spy on troops. Lebanon complained about Israeli military jets and even when there was no active conflict. “You had a role of the UNIFIL that slowly eroded like any other peacekeeping with time that has no clear mandate,” said Joseph Bahout, the director of the Issam Fares Institute for Public Policy at the American University of Beirut. “They don’t have permission to inspect the area without coordinating with the Lebanese army.” UNIFIL for years has urged Israel to but to no avail. In the ongoing war, the , of obstructing and harming its forces and infrastructure. Hezbollah’s power, meanwhile, has grown, both in its arsenal and as a political influence in the Lebanese state. The Iran-backed group was essential in keeping in power when armed opposition groups tried to topple him, and it supports Iran-backed groups in Iraq and Yemen. It has an estimated 150,000 rockets and missiles, including precision-guided missiles pointed at Israel, and . Hanna says Hezbollah “is something never seen before as a non-state actor” with political and military influence. How do mediators hope to implement 1701 almost two decades later? Israel’s security Cabinet approved the ceasefire agreement late Tuesday, according to Prime Minister Benjamin Netanyahu’s office. The ceasefire is set to take hold at 4 a.m. local time Wednesday. for the ceasefire between Israel and Hezbollah underscored that they still view the resolution as key. For almost a year, Washington has promoted various versions of a deal that would gradually lead to its full implementation. International mediators hope that by boosting financial support for the Lebanese army — which was not a party in the Israel-Hezbollah war — Lebanon can deploy some 6,000 additional troops south of the Litani River to help enforce the resolution. Under the deal, an international monitoring committee headed by the United States would oversee implementation to ensure that Hezbollah and Israel’s withdrawals take place. It is not entirely clear how the committee would work or how potential violations would be reported and dealt with. The circumstances now are far more complicated than in 2006. Some are still skeptical of the resolution’s viability given that the political realities and balance of power both regionally and within Lebanon have dramatically changed since then. “You’re tying 1701 with a hundred things,” Bahout said. “A resolution is the reflection of a balance of power and political context.” Now with the ceasefire in place, the hope is that Israel and Lebanon can begin negotiations to demarcate their land border and settle disputes over several points along the Blue Line for long-term security after decades of conflict and tension.Norway’s sovereign wealth fund, the largest in the world, reached a record €20 trillion krone on Friday, December 6, or €1,700 billion, making it the biggest piggy bank in the world. The fund, established in 1990, reinvests profits from Norway’s oil and gas industry. Its total value equates to approximately 3.6 million Norwegian krone (€310,000) per Norwegian citizen. To put that in context, Norway has a population of around 5.6 million. The fund is not only cash but also shares in nearly 8,800 companies, including major names such as Shell, Nestlé, Apple, Amazon, Microsoft, Facebook, Nvidia, and Alphabet, Google’s parent company, not to mention a considerable amount in bonds and real estate. Most Read on Euro Weekly News Cryptocurrency 'wealth' exposed by Norwegian media giant ‘We only wanted to help Muslims!’: Islamic State sisters’ defence in terrorism trial Norway’s seafood exports set to achieve record high Having doubled in size in the last 5 years, the fiscally forward-thinking country’s wealth fund is now worth more than 4 times its own GDP. The rainy-day savings of Norway now are worth more than the GDP of Australia, a country with 5 times the population. And as gas and petroleum have continued to flow in, and stock markets have continued to rise, Norway can pretty much afford to retire and put its feet up. Norway’s sovereign wealth fund made up of 70 percent of assets in global stocks, about 25 percent in bonds Norges Bank Investment Management, which operates the fund, invests some 70 percent of assets in global stocks , about 25 percent in bonds, and the rest in real estate and renewable energy plants, with most of its portfolio tracking international market indexes. In fact, within that fund, Norway keeps 1.5 percent of all the company shares in the world. The fund hit the 10 trillion krone milestone in 2019, and was boosted further in the following years by global economic stimulus during the pandemic and by soaring natural gas prices after Russia’s invasion of Ukraine.INactive, America’s Silent Killer: An Eye-Opening Film Capturing the Devastating Reality of a World that No Longer Moves
Furious Cucurella changes cleats after slipping twice to concede early goals, then helps Chelsea winCOLUMBUS, Ga.--(BUSINESS WIRE)--Dec 3, 2024-- The board of directors of Synovus Financial Corp. (NYSE: SNV) has declared the following quarterly dividends: $0.38 per share on the company’s common stock, payable on Jan. 2, 2025, to shareholders of record as of Dec. 19, 2024. $0.52874 per share on the company’s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, payable on Dec. 23, 2024, to shareholders of record as of Dec. 15, 2024. $0.52481 per share on the company’s Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, payable on Jan. 2, 2025, to shareholders of record as of Dec. 15, 2024. Synovus Financial Corp . is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a Great Place to Work-Certified Company. Learn more about Synovus at synovus.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241203093023/en/ CONTACT: Audria Belton media@synovus.com KEYWORD: GEORGIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BANKING ASSET MANAGEMENT PROFESSIONAL SERVICES FINANCE SOURCE: Synovus Financial Corp. Copyright Business Wire 2024. PUB: 12/03/2024 05:00 PM/DISC: 12/03/2024 05:01 PM http://www.businesswire.com/news/home/20241203093023/enShakespeare® Marine announces a record-breaking year for Asia alongside a larger distribution centre
The United States is set to collaborate with allies and stakeholders in Syria to seize new opportunities while managing risks, as stated by President Joe Biden. His remarks came in the wake of the overthrow of Syrian President Bashar al-Assad by rebel forces. In a statement delivered from the White House, Biden assured that America would extend its support to Syria's neighboring countries throughout the transition period. This gesture aims at ensuring stability and promoting regional security amid the ongoing changes in Syria. The President also noted that there would be a close examination of both the words and actions of the rebel factions, aiming to ensure that the newly empowered groups act in favor of peace and democratic processes. (With inputs from agencies.)PHILADELPHIA and NEW YORK , Dec. 27, 2024 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK) today announced that it has completed its previously announced offering of an additional $100 million in aggregate principal amount of its 6.125% notes due 2030 (the "Notes"). The Notes will be a further issuance of, and form a single series with, the $600 million aggregate principal amount of 6.125% Notes due 2030 that FSK issued on November 20, 2024 , increasing the outstanding aggregate principal amount of the series to $700 million . BofA Securities, Inc., BMO Capital Markets Corp., J.P. Morgan Securities LLC, KKR Capital Markets LLC, SMBC Nikko Securities America, Inc., and Truist Securities, Inc. are acting as joint book-running managers for this offering. FSK intends to use the net proceeds of this offering for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the Notes, nor shall there be any offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. About FS KKR Capital Corp. FSK is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies. FSK is advised by FS/KKR Advisor, LLC. About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between FS Investments and KKR Credit that serves as the investment adviser to FSK and other business development companies. FS Investments is a global alternative asset manager dedicated to delivering superior performance and innovative investment and capital solutions. The firm manages over $83 billion in assets for a wide range of clients, including institutional investors, financial professionals and individual investors. FS Investments provides access to a broad suite of alternative asset classes and strategies through its best-in-class investment teams and partners. With its diversified platform and flexible capital solutions, the firm is a valued partner to general partners, asset owners and portfolio companies. FS Investments is grounded in its high-performance culture and guided by its commitment to building value for its clients, investing in its colleagues and giving back to its communities. The firm has more than 500 employees across offices in the U.S., Europe and Asia and is headquartered in Philadelphia . KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. Forward-Looking Statements and Important Disclosure Notice This announcement may contain certain forward-looking statements, including statements with regard to future events or future performance or operations of FSK. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in FSK's operations or the economy generally due to terrorism, geo-political risks, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in FSK's operating area and the price at which shares of FSK's common stock trade on the New York Stock Exchange. Some of these factors are enumerated in the filings FSK makes with the SEC. FSK undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Information: Investor Relations Contact Anna Kleinhenn Anna.Kleinhenn@fsinvestments.com FS Investments Media Team Melanie Hemmert Melanie.Hemmert@fsinvestments.com View original content to download multimedia: https://www.prnewswire.com/news-releases/fsk-completes-public-offering-of-100-million-6-125-unsecured-notes-due-2030--302339667.html SOURCE FS Investments
COO works to keep planes running on timeBank7 Corp. Declares Quarterly Cash Dividend on Common StockSouthwest states certify election results after the process led to controversy in previous yearsLong road ahead as Jets face scoreboard pressure in Wellington: The Lowedown
Alphabet -owned Waymo announced Monday that it will start testing its autonomous vehicles in Tokyo in early 2025, the company's first step toward international expansion. > Philadelphia news 24/7: Watch NBC10 free wherever you are Waymo hasn't committed to start commercial service in Tokyo yet, but the robotaxi developer will partner with Japan's largest taxi operator, Nihon Kotsu, and taxi app GO to start testing its Jaguar I-PACE vehicles in Tokyo's streets. To start, Nihon Kotsu drivers will manually operate the Waymo vehicles to map key areas of the Japanese capital, including Minato, Shinjuku, Shibuya, Chiyoda, Chūō, Shinagawa, and Kōtō. Data from the manned test drives will help train the company's AI systems. Waymo will also test its robotaxis on a closed course in the U.S. built to mimic driving conditions in Japan. This is the first phase of the partnerships, which will last several quarters, Waymo told CNBC, adding that it expects to remain in Japan for an extended period. "Our upcoming road trip to Tokyo gives us the chance to work alongside local partners, government officials, and community groups to understand the new landscape," Waymo said in a statement. "We'll learn how Waymo can serve Tokyo's residents and become a beneficial part of the city's transportation ecosystem." Nihon Kotsu will oversee the management and servicing of Waymo's vehicles in Japan, the companies said. Waymo announced a series of expansions across the U.S. in 2024. Earlier this month, the company announced new testing in Miami in 2025, it made its driverless ride hail service available across Los Angeles in November, and in September, it announced planned expansions into Austin and Atlanta in partnership with Uber . The move into Japan marks the company's first in a left-hand traffic market. Both the Japanese national government and Tokyo Metropolitan government see driverless technology as a potential boon to the country's aging population, according to research by the World Economic Forum . Tokyo has designated certain areas as "test zones" for self-driving cars hoping to hasten the arrival of safe driverless transportation systems there. Several developers are working on autonomous vehicles in Japan, including local startup Tier IV and ZMP, a robotics company that is testing delivery vehicles and buses in Tokyo. Monet Technologies, which is partly owned by Toyota , announced plans to test a self-driving taxi service in Tokyo's Odaiba district earlier this year. Waymo's Japan expansion announcement comes a week after General Motors announced it was abandoning its Cruise robotaxi division . Honda, an outside investor in Cruise, told CNBC that it aimed to launch a driverless ride-hail service in Japan in early 2026 but would re-assess those plans and make adjustments if needed. Prior to GM's retreat from robotaxis, Cruise had been one of Waymo's primary domestic competitors. WATCH: GM pulls the plug on robotaxi planNEW YORK – The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business. Alexander Mashinsky , 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud. Recommended Videos He admitted illegally manipulating the price of Celsius’s proprietary crypto token while secretly selling his own tokens at inflated prices to pocket about $48 million before Celsius collapsed into bankruptcy in 2022. In court, he admitted that in 2021 he publicly suggested there was regulatory consent for the company's moves because he knew that customers “would find false comfort” with that. And he said that in 2019, he was selling the crypto tokens even though he told the public that he was not. He said he knew customers would draw false comfort from that too. “I accept full responsibility for my actions,” Mashinsky said of crimes that stretched from 2018 to 2022 as the company pitched itself to customers as a modern-day bank where they could safely deposit crypto assets and earn interest. U.S. Attorney Damian Williams said in a release that Mashinsky “orchestrated one of the biggest frauds in the crypto industry” as his company's assets purportedly grew to about $25 billion at its peak, making it one of the largest crypto platforms in the world. He said Mashinsky used catchy slogans like “Unbank Yourself” to entice prospective customers with a pledge that their money would be as safe in crypto accounts as money would be in a bank. Meanwhile, prosecutors said, Mashinsky and co-conspirators used customer deposits to fund market purchases of the Celsius token to prop up its value. Machinsky made tens of millions of dollars selling his own CEL tokens at artificially high prices, leaving his customers “holding the bag when the company went bankrupt,” Williams said. An indictment alleged that Mashinsky promoted Celsius through media interviews, his social media accounts and Celsius’ website, along with a weekly “Ask Mashinsky Anything” session broadcast that was posted to Celsius’ website and a YouTube channel. Celsius employees from multiple departments who noticed false and misleading statements in the sessions warned Mashinsky, but they were ignored, the indictment said. A plea agreement Mashinsky made with prosecutors calls for him to be sentenced to up to 30 years in prison and to forfeit over $48 million, which is the amount of money he allegedly made by selling his company's token. Sentencing was scheduled for April 8.
Descartes Announces Fiscal 2025 Third Quarter Financial Results