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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
MINNEAPOLIS — Minnesota Democratic Congresswoman Ilhan Omar has announced the death of her father due to complications from COVID-19. In a statement, Omar said Nur Omar Mohamed died Monday."Surely we belong to God and to him shall we return," she said in a statement. "It is with tremendous sadness and pain to say goodbye to my father, Nur Omar Mohamed. No words can describe what he meant to me and all who knew and loved him."She also asked that the public respect her and her family’s privacy. Since her election in 2018, Omar has been at the forefront of promoting progressive policies, including the defunding and reconstruction of the Minneapolis Police Department. 680
Multiple people were injured Thursday when a school bus collided with a dump truck and flipped over in Mount Olive Township in Morris County, New Jersey, officials said.The Associated Press reports that one adult and one student were killed.Mount Olive Mayor Rob Greenbaum, who saw the aftermath of the highway crash from an overpass, described the scene as "horrific." He told HLN Thursday there were possible ejections in the crash.At least three hospitals have received patients from the accident, including two believed to be children, officials said.The bus was transporting students from East Brook Middle School in Paramus, New Jersey, according to a school official."Our hearts are broken by today's tragedy," Gov. Phil Murphy said in a Facebook post after arriving at the school.Jay Faltings, who drove past the scene about five minutes after the crash, told HLN he saw children being rescued from the wreckage.Faltings said the front of the dump truck appeared to have been sheared off and the school bus was "ripped off its frame" after hitting a guard rail and flipping over."It's like nothing you've ever seen before," he said.Faltings said first responders appeared to have removed the children from the scene."They were young kids," he said. "But luckily, first responders, everybody there helped get all the kids out safely from what we could see... The kids were obviously freaked out."The National Transportation Safety Board said via Twitter that it was "gathering information" on the crash.All lanes of Interstate 80 have been shut down.Mount Olive Township is about 50 miles west of New York City.The-CNN-Wire 1638
More than 7,000 people who work at Disney World are worried about the park reopening.They've signed an online petition saying "this virus is not gone, unfortunately, it's only become worse in this state."Coronavirus cases are surging in Florida as the park preps for a phased reopening July 11.Disney is putting several measures in place to reopen safely, but staffers who signed the petition are hoping they'll reconsider, saying it's not fair to ask the people who work there to risk their lives.About 10% of Disney's workforce have signed this particular petition, and there's a similar petition by Disneyland workers in California which has nearly 50,000 signatures.Disney plans to reopen all 12 of its theme parks around the world by mid-July. 756
My statement regarding the Metro Council vote tonight. pic.twitter.com/sQvLFQW5NG— Mayor Greg Fischer (@louisvillemayor) September 18, 2020 147