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A man accused of running a multi-million dollar investment fraud scheme appeared in court for his preliminary hearing Monday.Jacob Cooper was the CEO of Total Wealth Management in San Diego. Prosecutors allege Cooper received a referral fee for placing clients’ money in certain funds. In many instances, Zipp said he received greater compensation through the referral fee than through his clients’ fees, creating a “blatant conflict of interest.”“He mainly was interested in whether a particular fund would enrich him, not whether it would enrich his paying client,” said Deputy District Attorney Rebecca Zipp.Zipp said Cooper had “no regard to investor goals or suitability for the investor.”Several clients testified in court Monday morning. Loren Engel said he and his wife both invested with TWM. He said they lost approximately 5,000. Engel was not aware Cooper and TWM were receiving what many victims described as kickbacks.“The risk of being defrauded is not a reasonable risk to assume,” Engel said, when the defense asked if he understood investments have risks.Many clients first learned about TWM through Cooper’s weekly radio show. Cooper also regularly appeared on local media.George Rasor called TWM after hearing Cooper on the radio. He testified that he invested more than 0,000. His son Jeffrey Rasor saw red flags when trying to get information about his father’s investments.“Questions not answered, not acceptably answered,” Jeffrey Rasor said when recalling TWM’s response after meeting with the company a few years ago. “Too much vagueness and a real concern that my father’s investments were in jeopardy.Cooper faces 19 felony counts, including conspiracy to commit a crime, elder theft, and making false statements in connect with sale of a security. Zipp said he could face a maximum of 23 years in prison if he is convicted. Cooper also faced several civil lawsuits and an investigation by the Securities and Exchange Commission.Cooper’s defense attorney, John Kirby, denies his client did anything wrong.“He did not have the intent to enrich himself above the interest of his clients,” Kirby said. Kirby said there were a number of funds where he received revenue sharing, but any conflict of interest was set out in documents.“Mr. Cooper had no intent to cheat or steal from anyone,” Kirby said. “He made bad investment decisions.”Kirby said Cooper and his family also lost money through the same investment funds. The preliminary hearing is expected to last several days. Two others connected with TWM already reached a plea deal. Doug Shoemaker and Nathan McNamee are scheduled to be sentenced later this week. 2656
A FEMA report obtained by ABC News said that 34 White House staffers and contacts were infected with the coronavirus.According to ABC News, some of those infected were not identified in the report, but a number of those infected have publicly confirmed positive tests in recent days, including President Donald Trump.According to PBS, which identified 33 of the 34 confirmed cases, 11 of the coronavirus cases stemmed from workers of last week’s presidential debate in Cleveland. The White House Correspondents Association confirmed three positive cases among its ranks. 579
A federal court on Thursday ordered the Environmental Protection Agency to ban a pesticide used widely in farming.The 2-1 ruling on a lawsuit brought by public health groups and state attorneys general ordered the agency "to revoke all tolerances and cancel all registrations for chlorpyrifos within 60 days."Concerns that the insecticide can harm the brain and nervous system led to the EPA banning the household use of chlorpyrifos in 2000. But the agency had allowed the chemical to continue to be used in commercial agriculture, where, some scientists say, it can be used in safe quantities. 603
A federal appeals court has ordered a judge to dismiss the government's case against former National Security Adviser Michael Flynn, marking an abrupt end to a years-long legal fight.The New York Times and CNN confirmed the ruling Wednesday morning.Flynn pleaded guilty to lying to the FBI in 2017 about his conversations with then-Russian Ambassador Sergey Kislyak as President Donald Trump prepared to take office after winning the 2016 election. He attempted to withdraw his guilty plea earlier this year, and in May, the Justice Department dropped all charges against him.Upon the Justice Department's decision, the judge in the case, Judge Emmet Sullivan, chose not to dismiss the case immediately. Instead, he sought counsel from the court of appeals. On Wednesday, a panel of three judges ruled that Sullivan did not have adequate reason to question the Justice Department's decision. 899
A gathering of supporters of President Donald Trump once again clashed with counter-protesters in Oregon on Monday, as the state continues to deal with political and civil unrest ahead of November's general election.Two people were arrested following Monday's skirmish. According to KGW-TV, Trump supporters initially gathered at Clackamas Community College in Oregon City for the "Oregon for Trump Labor Day Cruise Rally." Supporters of the President adorned their cars with campaign flags and made the short drive to Salem, Oregon. The Associated Press also noted that some participants displayed signs in support of the QAnon conspiracy theory.The vehicle parade made about an hour-long trip from Oregon City to Salem. The AP reports that most vehicles split from the group before arriving in Salem.In Salem, KGW reports that the group of about 150 was met by a group of about 50 Black Lives Matter protesters. At one point, the AP says the right-wing crowd "rushed" the Black Lives Matter protesters and fired paint pellets at them. The BLM protesters dispersed from the scene before police arrived to break up the rally.ABC News reports that among those Trump supporters who traveled to Salem were members of the Proud Boys, a right-wing group known for political violence.Monday's rally bore similarities to an Aug. 29 pro-Trump vehicle rally in Portland. During that rally, Trump supporters were seen on video spraying paint pellets and tear gas at peaceful protesters. Later, one Trump supporter, Aaron "Jay" Danielson, was shot dead by a left-wing counter-protester. The suspect in that shooting, Michael Forest Reinoehl, was shot and killed in Washington state Friday as U.S. Marshals attempted to take him into custody. 1738