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Under court deal, Binance can continue U.S. operations as it battles SEC fraud charges

Published Wed, 05 Mar 2025 04:18:15 GMT

The U.S. Securities and Exchange Commission and Binance have reached an agreement in court that lets the world’s largest cryptocurrency exchange continue to operate in the United States as it battles SEC fraud charges.Under a consent order filed Saturday, the defendants in the June 5 lawsuit agreed to repatriate all assets held for the benefit of Binance’s U.S. trading customers.The SEC alleges Binance broke U.S. law by operating as an unregistered securities exchange. It filed similar charges against the world’s other top cryptocurrency exchange, Coinbase, nearly simultaneously.But Binance and its CEO, Changpeng Zhao, face additional charges of diverting customer funds – concealing the fact that it was commingling billions of dollars in investor assets and sending them to a third party that Zhao also owned. As a result, the SEC asked that the assets of Binance’s U.S. platform be frozen.The order signed by Washington, D.C. federal judge Amy Berman Jacks...

6 key points from the scathing report on Minneapolis police after George Floyd’s killing

Published Wed, 05 Mar 2025 04:18:15 GMT

The Justice Department on Friday issued a scathing assessment of Minneapolis police, alleging that racial discrimination and excessive force went unchecked before George Floyd’s killing because of inadequate oversight and an unwieldy process for investigating complaints.The probe began in April 2021, a day after former officer Derek Chauvin, who is white, was convicted of murder and manslaughter in the May 25, 2020, killing of Floyd, a Black man. Floyd, who was in handcuffs, repeatedly said he couldn’t breathe before going limp as Chauvin knelt on his neck for 9 1/2 minutes. The killing was recorded by a bystander and sparked months of mass protests as part of a broader national reckoning over racial injustice.Here are six takeaways from the report:WHAT WAS THE PURPOSE OF THE INVESTIGATION?The focus of the probe was to examine whether there has been a pattern or practice of unconstitutional or unlawful policing in the Minneapolis Police Department. It examined the use of force...

Wildfire in southern N.S. occurred amid some of driest recorded conditions: scientist

Published Wed, 05 Mar 2025 04:18:15 GMT

HALIFAX — A federal scientist with the Canadian Forest Service is pointing to the driest conditions since the Second World War as a key factor behind the largest wildfire in Nova Scotia in the past century. Sylvie Gauthier says she reviewed the records and found the 235-square-kilometre fire in Barrington Lake that swept over bogs, fields and woodlands in southern Nova Scotia had the fourth highest rating for dryness of the woods since 1900, and the highest since 1944.The province’s Department of Natural Resources says the fire, which forced 6,000 evacuations and destroyed 60 houses and cottages, was the largest wildfire since the early 1920s when it began keeping records.Gauthier says the extreme dryness, along with coastal winds, may have enabled the fire to burn through the roughly 17 per cent of Crown lands rated as “wet” trees, and to burn or move across fields and bogs that make up about a quarter of Crown land in the area. Anthony Taylor, a forest ecologist ...

Supporter defends expelled Jesuit priest against ‘lynching’, says abuse claims unproven

Published Wed, 05 Mar 2025 04:18:15 GMT

ROME (AP) — The head of a religious art and culture center founded by a disgraced Jesuit priest came to his defense Saturday after he was expelled from the Jesuit religious order following allegations of sexual, spiritual and psychological abuse against adult women.Maria Campatelli, director of the Rome-based Aletti Center, said the claims against the Rev. Marko Ivan Rupnik were “defamatory and unproven” and amounted to a form of mediatic “lynching” against the Slovene priest and his art center.The Jesuits announced this week that Rupnik had been ordered expelled from the order June 9 because of “stubborn refusal to observe the vow of obedience.” The Jesuits acted after Rupnik had been accused by several women of sexual, spiritual and psychological abuses over a 30-year period. Until the case exploded publicly late last year, Rupnik had largely escaped punishment, apparently thanks in part to his exalted status in the church and at the Vatican, where even the role of Pope Francis in...

Biden seeing collapsed stretch of Interstate 95 from the air over Philadelphia

Published Wed, 05 Mar 2025 04:18:15 GMT

PHILADELPHIA (AP) — President Joe Biden was taking an aerial tour Saturday of the collapsed stretch of Interstate 95 in Philadelphia and planned to meet with first responders and workers involved in rebuilding the critical stretch of highway along the East Coast.Joining Biden on the presidential Marine One helicopter were Gov. Josh Shapiro, Sens. Bob Casey and John Fetterman and Rep. Brendan Boyle and Mayor Jim Kenney, all Democrats. Afterward, the president was to receive a briefing on the situation and then attend a political event with union workers at the city’s convention center.The White House said Biden’s movements in the city on Saturday would not interfere with traffic around I-95, its detour routes or reconstruction efforts.“President Biden has instructed his team to move heaven and earth and work around the clock to ensure the fastest possible reconstruction of the highway,” Olivia Dalton, the White House principal deputy press secretary, said Friday. The stretch of...

Virginia man's alleged attempt to burn down Mary Todd Lincoln House is foiled by police officer

Published Wed, 05 Mar 2025 04:18:15 GMT

LEXINGTON, Ky. (WDKY) — A Virginia man was arrested Thursday during an alleged attempt to burn down the Mary Todd Lincoln House in Lexington, officials say.A portrait of Mary Todd Lincoln seen in an exhibit in New York City in 1929. (AP Photo)Santosh Sharma, 29, was found by a Lexington police officer pouring gasoline on the rear of the building and holding a lighter in his hand, according to an arrest citation.The citations said Sharma had more gasoline in a drawstring bag tied to his back.  Man dies on Hawaiian honeymoon, thief steals backpack and car during CPR Sharma brandished a hammer when the officer approached, but the officer did not make notes of any conflict between the two in the citation, only noting that the hammer placed the officer in a position of fear of serious physical harm.Sharma was booked into the Fayette County Detention Center and charged with menacing, second-degree criminal trespassing, and second-degree attempted arson.The Mary Todd Lincoln House w...

Weekend Break: 37th annual Scottish festival & Highland Games

Published Wed, 05 Mar 2025 04:18:15 GMT

Join WGN's Weekend Morning News with Weekend Break at the 37th annual Scottish Festival & Highland Games.Love the WGN Morning News? We love you, too. And you can have all the hijinks delivered to your inbox every weekday morning. Sign up and subscribe to our WGN Morning News newsletter.

Musical recording artist Shab on performing at Pride Fest

Published Wed, 05 Mar 2025 04:18:15 GMT

Musical recording artist, Shab, joins WGN Weekend Morning News to share more about her performance at Pride Fest this evening as well as her experience with being a refugee from Iran.Love the WGN Morning News? We love you, too. And you can have all the hijinks delivered to your inbox every weekday morning. Sign up and subscribe to our WGN Morning News newsletter.

'Undetermined substance' killed California couple found dead in Mexico hotel room, prosecutors say

Published Wed, 05 Mar 2025 04:18:15 GMT

(KTLA/NEXSTAR) – Two Americans vacationing in Mexico were found dead in their hotel room on Tuesday, and autopsies now suggest the cause of death to be "intoxication by an undetermined substance," according to prosecutors in Mexico's Baja California Sur.The findings align with earlier statements from local police. A friend of the couple also said she was told the couple had died of carbon monoxide poisoning, in an account she shared in an online fundraiser created earlier this week.The bodies of John Heathco, 41, and Abby Lutz, 28, were discovered inside a room at the upscale Hotel Rancho Pescadero in the village of El Pescadero around 9 p.m. Tuesday, the Baja California Sur Attorney General’s Office previously confirmed to ABC News.The couple had been dead for 10 or 11 hours before they were found, prosecutors said.El Pescadero is located on the Pacific coast of the Baja Peninsula, roughly one hour north of Cabo San Lucas. Amount of warming triggering carbon dioxide in air hits n...

How to manage a car payment you can’t afford to make

Published Wed, 05 Mar 2025 04:18:15 GMT

If you find yourself among the growing number of car owners unable to make a car payment on time, there are steps you can take to help get back on track and minimize any financial damage.Last year, after many pandemic-related aid programs ended, the number of consumers with late car payments began to steadily rise. According to credit reporting agency Experian, 1.89% of auto loans were 30 days delinquent in the first quarter of 2023. That’s compared with 1.56% during the same period in 2021. Auto loans with payments 60 days late — what most lenders consider severely delinquent — were at 0.76% in the first quarter of 2023 and surpassed pre-COVID levels late last year.Opinions of auto and finance industry experts are mixed. Some view the increase in late car payments as a return to normal after the percentage of delinquent auto loans dropped during the COVID-19 pandemic. They also point out that the number of delinquent loans, as a percentage of all auto loans, is still relatively low...