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President Donald Trump's former lawyer, Michael Cohen, is under federal investigation for tax fraud and possibly misrepresenting his finances, people familiar with the investigation told The Wall Street Journal.The reported investigation adds to the wide-ranging federal investigation Cohen is already facing in relation to his business affairs and work with Trump. According to the Journal, authorities are investigating whether Cohen underreported his income in federal tax returns, in which he reaped hundreds of thousands of dollars over the last five years.People familiar with the matter told the Journal that authorities are also investigating whether any bank employees were improperly permitted to offer Cohen loans when he didn't provide adequate documentation. Investigators are reportedly examining Cohen's relationship with Sterling National Bank, which financed Cohen's taxi medallion business, and looking closely at whether Cohen lied or misrepresented information on loan applications.Investigators are also looking into whether Cohen inflated his income "in loan applications and refinancing efforts," people familiar with the matter told the Journal.Cohen's former accountant, Jeffrey Getzel, has been subpoenaed as part of the investigation, the paper reports.Cohen has not been charged with a crime and the Journal said he previously denied wrongdoing. Lanny Davis, Cohen's attorney, declined to comment to the paper "out of respect for the ongoing investigation."CNN has not independently confirmed the Journal's report.Cohen is facing a wide-ranging federal investigation into his finances -- including potential bank fraud, campaign finance violations, and hush payments to women saying they had affairs with Trump, which the President has denied. Authorities raided Cohen's home, office and hotel room in April as part of the investigation.The former Trump "fixer" once said he would take a bullet for his boss, but in recent months, he's suggested that he's willing to cooperate with federal authorities.The-CNN-Wire 2050
President Donald Trump signaled Tuesday that he will not take strong action against Saudi Arabia or its Crown Prince Mohammed bin Salman for the death and dismemberment of Washington Post journalist Jamal Khashoggi.The White House has been struggling to square a widespread sense that the crown prince directed the killing with its desire for Saudi support for its foreign policy priorities and a need to manage close relationships between bin Salman and the Trump administration.In an exclamation-mark laden statement subtitled "America First!" Trump said that "our intelligence agencies continue to assess all information, but it could very well be that the Crown Prince had knowledge of this tragic event -- maybe he did and maybe he didn't!""That being said," Trump continued, "we may never know all of the facts surrounding the murder of Mr. Jamal Khashoggi. In any case, our relationship is with the Kingdom of Saudi Arabia. They have been a great ally in our very important fight against Iran."Trump is expected to receive a CIA assessment on Khashoggi's murder today.A senior administration official told CNN that the report, delivered in physical form, is an assessment of all the intelligence gathered so far, but will not present a final conclusion. That's in keeping with intelligence community practice: agencies assign a confidence level to their findings because intelligence isn't conclusive.And though sources tell CNN that the CIA has assessed with high confidence that the prince directed Khashoggi's murder, which was conducted by members of the prince's inner circle, the fact that they don't make a final conclusion gives the White House an out.The report comes seven weeks after the father of four entered the Saudi consulate in Istanbul on October 2 to seek marriage documents.This story is breaking and will be updated. 1852
Reopening schools and resuming youth sports, playdates and other activities has led to a sharp increase in the number of American children testing positive for COVID-19, according to health authorities.The American Academy of Pediatrics and the Children’s Hospital Association released a report Tuesday showing children, ages 0 to 17, make up about 10 percent of all cumulative U.S. COVID-19 cases. Children were just 2 percent of total cases in April.As of September 24, more than 624,000 children have tested positive for the coronavirus since the beginning of the pandemic. With the U.S. reporting just below 6 million cases total, that means roughly 10.5 percent of all cases are children.More than 74,000 new cases of COVID-19 among children were reported in the two weeks between Sept. 10 and 24, according to the CDC and AAP. The Centers for Disease Control and Prevention said Monday that the incidence of COVID-19 in school-age children began rising in early September as many youngsters returned to their classrooms.“These rising numbers concern us greatly, as the children’s cases reflect the increasing virus spread in our communities,” said American Academy of Pediatrics President Sally Goza, MD, FAAP in a statement. “While children generally don’t get as sick with the coronavirus as adults, they are not immune and there is much to learn about how easily they can transmit it to others.Over the last several weeks, children have accounted for between 12-16 percent of all new coronavirus cases weekly.Children do appear to have a lower fatality rate. The study shows that roughly 0.01 percent of children who test positive for the coronavirus have died from it.The AAP says these numbers may be low because of inconsistencies in reporting and testing. “The data are limited because the states differ in how they report the data, and it is unknown how many children have been infected but not tested,” they state.The number of children tested compared to the number of all tests being done in this country has remained steady since April of between 5-to-7 percent, according to the CDC.Earlier this month, the CDC released information that the average age of patients testing positive for COVID-19 has dropped to 38 years old in August as more younger Americans contract the coronavirus.The study from CDC also stated about 20 percent of COVID-19 cases are now patients in their 20s. 2407
Republicans officially nominated President Donald Trump for re-election Monday during an in-person roll call vote at the Republican National Convention in Charlotte.Trump cruised to victory in the GOP primary, as is typical for an incumbent president in a re-election primary. Trump picked up nearly every available delegate in his campaign, losing just a single delegate to former Massachusetts Gov. Bill Weld.The roll call vote was one of the few in-person events scheduled for the four-day RNC. Prior to the pandemic, Charlotte was scheduled to host all events relating to the convention, but Trump later said he would move portions of the convention to Jacksonville, Florida, citing North Carolina Gov. Roy Cooper's hesitancy to lift lockdown restrictions. Trump later canceled the Florida portions of the RNC as cases and deaths in the state spiked.Democrats held a completely virtual convention last week, which included an entirely remote roll-call vote.The nightly programming of the RNC begins on Monday evening at 8:30 p.m, with politicians and other prominent Republicans giving speeches from across the country. Monday's program will be headlined by Donald Trump Jr. and Sen. Tim Scott (R-South Carolina). 1225
RACINE, Wisconsin -- Manufacturer SC Johnson announced Wednesday that between 300 and 400 positions in the company would be eliminated due to an organizational change.The change was first announced to employees back in January, according to a statement from the company. Some of the eliminated roles were already open and will not be filled, while others will result in employees losing their jobs."Many affected employees" were notified Wednesday, the statement says."The company is healthy and our brands continue to be leaders in their categories," said Kelly M. Semrau, Senior Vice President – Global Corporate Affairs, Communication & Sustainability. "Other leading consumer packaged goods companies are doing the same as we all continue to respond to trends in the marketplace. Like them, we are doing this to maintain the company's health and leadership."Headquartered in Racine, Wisconsin, SC Johnson employs about 12,000 people worldwide. It was founded more than 100 years ago in 1886.The company "intends to provide generous severance and outplacement help" to affected employees. There's no word yet on how many Wisconsin employees will lose their jobs. 1197