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Showing posts with the label fraud

Ivanka Trump dismissed from New York attorney general's fraud lawsuit against her father

A New York appeals court dismissed Ivanka Trump on Tuesday from a wide-ranging fraud lawsuit brought against her father and his company last year by the state’s attorney general NEW YORK -- A New York appeals court dismissed Ivanka Trump on Tuesday from a wide-ranging fraud lawsuit brought against her father and his company last year by the state's attorney general . The civil lawsuit, brought by New York Attorney General Letitia James, accused former President Donald Trump of padding his net worth by billions of dollars and misleading banks, insurance companies and others about the value of his assets, including golf courses and the Mar-a-Lago estate. It named his three eldest children -- Ivanka, Donald Jr. and Eric Trump -- as defendants, along with multiple Trump Organization executives. In a ruling on Tuesday, the Appellate Division of New York’s Supreme Court dismissed the claims against Ivanka Trump, ruling that they were barred by the state's statute of limitations...

New USDA rule boosts "organic" food oversight, targets fraud

The Agriculture Department issued new requirements for foods labeled organic, a move aimed at cracking down on fraud and boosting oversight The Agriculture Department on Thursday issued new requirements for foods labeled organic, a move aimed at cracking down on fraud and boosting oversight. The rule strengthens enforcement of the USDA’s strict definitions of organic , which must rely on “natural substances and physical, mechanical or biologically based farming methods to the fullest extent possible.” The rule requires USDA’s National Organic Program certification for all imported organic food, increases certifications of more businesses in the supply chain and boosts authority for inspections, record-keeping, traceability and fraud prevention practices. The Organic Trade Association, which lobbied for rule, said it represents the biggest change to organic regulations since the creation of the USDA organic food program. OTA officials said in a statement the regulation “will do much t...

Elon Musk: Tweets about taking Tesla private weren't fraud

Elon Musk has returned to federal court in San Francisco to testify in a class action lawsuit filed by Tesla investors alleging he misled them with a tweet SAN FRANCISCO -- Elon Musk returned to federal court Monday in San Francisco, testifying that he believed he had locked up financial backing to take Tesla private during 2018 meetings with representatives from Saudi Arabia’s Public Investment Fund — although no specific funding amount or price was discussed. The 51-year-old billionaire Tesla CEO and Twitter owner is facing a class action lawsuit filed by Tesla investors alleging he misled them with a tweet saying funding was secured to take his electric car company private — for $420 per share. But the deal never came close to happening, and the tweet resulted in a $40 million settlement with securities regulators. The trial hinges on the question of whether a pair of tweets that Musk posted on Aug. 7, 2018, damaged Tesla shareholders during a 10-day period leading up to Musk's...