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Musician T.I. was named in an investigation by the Securities and Exchange Commission on Friday in a fraudulent initial coin offering scheme.The SEC said T.I. will not be criminally charged, but settled on a ,000 fine and he has agreed to not participate in offerings or sales of digital-asset securities for at least five years.Film producer Ryan Felton is facing criminal charges, allegedly promised to build a digital streaming platform for FLiK, and a digital-asset trading platform for CoinSpark. Instead, Felton allegedly misappropriated the funds raised in the initial coin offerings, the SEC said.Felton is facing charges of violating registration, anti-fraud, and anti-manipulation provisions of the federal securities laws.T.I. was allegedly involved in promoting Felton’s scheme. The SEC said that T.I., and his social media manager William Sparks, Jr., offered FLiK tokens on T.I.’s social media accounts.“The federal securities laws provide the same protections to investors in digital asset securities as they do to investors in more traditional forms of securities,” said Carolyn M. Welshhans, Associate Director in the Division of Enforcement. “As alleged in the SEC’s complaint, Felton victimized investors through material misrepresentations, misappropriation of their funds, and manipulative trading.”Felton was also accused of manipulative trading to inflate the price of SPARK tokens.The SEC said that Felton made an addition .2 million in profits, and used money he allegedly misappropriated to buy a Ferrari, a million-dollar home, diamond jewelry, and other luxury goods. 1608

NASHVILLE, Tenn. — The Nashville District Attorney's Office will no longer prosecute those who have been charged for possessing less than half an ounce of marijuana."Marijuana charges do little to promote public health, and even less to promote public safety," District Attorney Glenn Funk said Wednesday in an announcement on the policy change. "Demographic statistics indicate that these charges impact minorities in a disproportionate manner. This policy will eliminate this area of disproportionately in the justice system."View the arrests for marijuana categorized by race here.The DA's office said eliminating minor marijuana charges will lower costs for jail housing, courts and clerk's offices. The resources that would have been used to prosecute those charges will be allocated to supporting victims and prosecuting violent crime.Nashville Mayor John Cooper said in a statement that he supports the change in policy."I support the DA's decision to stop prosecuting minor marijuana offenses in Davidson County. We need to continue working to ensure that people have access to drug treatment and that we are doing everything we can to keep nonviolent young people out of the criminal justice system," Cooper said.Last fall, the Tennessee Bureau of Investigation sent a memo to law enforcement across the state that said testing in marijuana cases would "only be performed on felony amounts of plant material and at the District Attorney's request if needed for trial."While the memo did not decriminalize marijuana, defense attorneys said they would be less likely to pursue prosecution for those caught with small amounts of marijuana.The Nashville People's Budget Coalition — a coalition of civil rights groups in the ciry — reacted to Wednesday's policy update, saying Funk's decision could be a beginning of meaningful change, but they want to see more."While the district attorney is attempting to show good effort, we also want to go further," Erica Perry said. "Can you decriminalize and stop prosecuting sex workers? Can you stop prosecuting any amount of drugs? That is important."Funk's decision prompted State Rep. John Stevens, R-Huntingdon, to call for the DA's resignation."A blanket policy to not enforce the law is dereliction of duty and a subversive act akin to treason," Stevens said in a statement, in part. "The determination that marijuana possession is a 'minor; offense is a policy judgment out of the power and authority of the elected District Attorney. Either do your job or resign."This story was originally published by Caroline Sutton on WTVF in Nashville. 2603

Milwaukee Mayor Tom Barrett says he’s concerned after seeing video of police using a stunning and arresting?a Milwaukee Bucks player Sterling Brown.The video is expected to be released soon, possible later this week. Police are reportedly bracing for backlash from the release of that video. This incident took place on the south side of Milwaukee in January. Police were called to a Walgreens because Brown was illegally parked across two handicap spaces. The officers say they tried to talk to Brown but had to deploy their stun guns to arrest him. Since that time, the arrest has been the subject of a police internal investigation."I have some of the same concerns that the chief has expressed over the video. I'm going to let the release of that speak for itself, but yes, I definitely have concerns after watching that video,” Barrett said. The mayor indicated that Police Chief Alfonso Morales had a similar reaction after seeing the video. Brown was not charged in the incident. However, he did receive a parking citation.  1089

MOUNTAIN VIEW, Calif. — With coronavirus cases still surging in the United States, Google has reportedly pushed back the timeline for when its employees will return to their offices.The New York Times and NBC News both report Google is planning to return to in-person working in September 2021, instead of July.That’s according memo sent to staff Sunday, which also said the company would be testing the idea of a “flexible work week” once workers do return to offices.Under the pilot plan, The Times says employees would be asked to work at least three days in their offices for “collaboration days,” and work the other days at home.The CEO of Google’s parent company Alphabet, Sundar Pichai, wrote in the memo that they want to test the hypothesis that flexible work models lead to greater productivity, collaboration, and well-being.Google isn’t alone in testing these kinds of work schedules. Other tech companies like Microsoft, Facebook, and Twitter have expressed interest or released plans for rolling out similar models.Another aspect of getting people back to work will be COVID-19 vaccines. However, it’s still not known whether Google and other large companies like it will require its employees to be vaccinated before returning to their offices.Though, a spokeswoman told The Times that Google has said it recommends that employees obtain a vaccine when it’s available to them and that it may help facilitate vaccinations once the most vulnerable have been inoculated. 1490

Millions of small businesses are fighting off permanent closures, looking for every possible penny to help them stay afloat amid the pandemic. However, there is a little-known CARES Act rule that could net small businesses tens of thousands of dollars in just a few weeks, and it helps keep more people employed.Back in March, when Congress passed the CARES Act, most of the focus for businesses was on the billions of dollars allotted for Paycheck Protection Program (PPP) forgivable loans. Congress also included a temporary tax rule, at the same time, for businesses.“If you had a loss in 2018, 2019, or 2020, any of those years, you could carry it back up to five years to generate refunds,” said Chris Catarino, a CPA with the firm Drucker & Scaccetti in Philadelphia.Catarino explained that under the new rule, businesses can generate a tax refund by applying 2020 losses to taxes paid over the past five years, essentially making the tax burden in past years less, netting them the refund.Losses for 2020, though, can only be filed after Dec 31, 2020. However, the temporary rule also applies to 2019 and 2018. So, if a business had losses over those two years, they could carry back those losses to their respective five-year period and possibly generate a refund.Businesses can start filing for a refund on 2018 and 2019 losses now. Catarino explained they would have to file an amended return or 1045 form.“The 1045 is generally quicker,” said Catarino “The IRS is required to respond and process those within 90 days.”The tax refund, under the temporary net operating loss rule, could mean tens of thousands of much-needed dollars for some businesses. However, Catarino pointed out that the biggest refunds would be for businesses with the largest “swing” from the prior years.For example, take a business that did extremely well in 2019. It likely paid a high tax bill that year. Then, this year, it had a significant loss of business. That business could get most of the money it paid in taxes the year prior, possibly even all the money it paid but nothing more than was paid in taxes. The same principle applies to 2018 and 2019.“The idea that they could recoup some taxes that they already paid in the past, today, could really be significant,” said Todd McCracken with the National Small Business Association. “It could mean the difference between keeping your doors open or not.”Although the temporary tax benefit could save some businesses, there is concern that the businesses that may need it the most may not be aware of it.“It is the smallest companies that don’t know, that tend to deal with their taxes once a year,” said McCracken. "They don’t have an ongoing relationship with a CPA. They go have their taxes prepared in the spring and find out, ‘Wow, I could’ve had this benefit all along.’ Next spring, of course, could be too late.”It could be too late for many businesses, especially if another round of coronavirus-related closures occurs and a second stimulus package isn’t passed soon. 3031