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DOJ Expected to Drop Fraud Charges Against Indian Billionaire Gautam Adani Amid Legal Settlement

DOJ Expected to Drop Fraud Charges Against Indian Billionaire Gautam Adani Amid Legal Settlement

The U.S. Department of Justice is reportedly preparing to dismiss fraud and bribery charges against Indian billionaire Gautam Adani. This decision follows a defense campaign led by one of President Trump's personal attorneys. The charges, initially filed during the Biden administration, accused Adani and his associates of bribing Indian officials to secure energy contracts and misleading U.S. investors. The U.S. Securities and Exchange Commission (SEC) has also reached an $18 million settlement in a parallel civil lawsuit. Adani's legal team, led by Robert J. Giuffra Jr., argued that the case would not hold up in court. The settlement includes financial penalties for Adani and his nephew, without admission of wrongdoing. The Justice Department's move to drop the case is seen as part of a broader retreat from foreign bribery prosecutions under the Trump administration.
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Jen Psaki Challenges Eric Trump Over Crypto Firm Ties Amid Legal Threats

Jen Psaki Challenges Eric Trump Over Crypto Firm Ties Amid Legal Threats

MS NOW host Jen Psaki addressed accusations from Eric Trump, President Trump's son, regarding his alleged connections to the crypto-linked firm ALT5 Sigma. The controversy arose after Psaki reported on Eric Trump's involvement with ALT5 Sigma during President Trump's state visit to China. Eric Trump denied being on the board of ALT5 Sigma, despite reports and SEC filings indicating his role as an 'observer' on the board. Psaki aired footage from a Nasdaq ceremony where Eric Trump was introduced as a board member, further complicating the narrative. The issue centers around ALT5 Sigma's potential deal with a Chinese chipmaker, which has raised concerns among U.S. lawmakers due to its ties to the Chinese Communist Party. Psaki highlighted the relationship between ALT5 Sigma and World Liberty Financial, a crypto company co-founded by Eric Trump.
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US set to drop criminal fraud case against India’s Gautam Adani, sources say, as deal reached in civil case

US set to drop criminal fraud case against India’s Gautam Adani, sources say, as deal reached in civil case

By Dan Rosenzweig-Ziff and Andrew Goudsward May 15 (Reuters) - The U.S. Justice Department is close to dropping criminal fraud charges against Gautam Adani, an Indian billionaire who has promised to invest $10 billion in the U.S. economy, according to two sources familiar with the matter.
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Alpine Fox Capital Declares Cipher Mining as Largest Investment Holding

Alpine Fox Capital Declares Cipher Mining as Largest Investment Holding

Alpine Fox Capital Declares Cipher Mining as Largest Investment Holding
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US Justice Dept close to dropping charges against India's Gautam Adani, sources say

US Justice Dept close to dropping charges against India's Gautam Adani, sources say

By Dan Rosenzweig-Ziff and Andrew Goudsward May 14 (Reuters) - The U.S. Justice Department is close to dropping criminal fraud charges against Gautam Adani, an Indian billionaire who has promised to invest $10 billion in the U.S. economy, according to two sources familiar with the matter. 
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Prediction markets see surge in suspicious trades as popularity explodes

Prediction markets see surge in suspicious trades as popularity explodes

By Anirban Sen NEW YORK, May 15 (Reuters) - Top prediction market platforms Kalshi and Polymarket have witnessed a surge in suspicious trades this year, highlighting the popularity of the models with investors but causing a challenge to the platforms as they face increased scrutiny.
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President Trump Expands Cryptocurrency Investments with Bitcoin Mining Company

President Trump Expands Cryptocurrency Investments with Bitcoin Mining Company

President Trump Expands Cryptocurrency Investments with Bitcoin Mining Company
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President Trump Discloses Investment in Bitcoin Mining Firm MARA Holdings

President Trump Discloses Investment in Bitcoin Mining Firm MARA Holdings

President Trump Discloses Investment in Bitcoin Mining Firm MARA Holdings
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America's most powerful CEOs don't have much to show from their China trip so far

America's most powerful CEOs don't have much to show from their China trip so far

By Laurie Chen and Casey Hall BEIJING/SHANGHAI, May 15 (Reuters) - With red-carpet treatment, selfies and culinary diplomacy, America's richest and most powerful executives - from Tesla's Elon Musk to Nvidia's Jensen Huang - sought to rekindle business ties with China this week at a leadership
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Taurus Secures MiFID II License to Expand Tokenization Services Across EU

Taurus Secures MiFID II License to Expand Tokenization Services Across EU

Taurus Secures MiFID II License to Expand Tokenization Services Across EU
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Boeing, GE Aerospace CEOs meet China's state planner after Trump-Xi summit

Boeing, GE Aerospace CEOs meet China's state planner after Trump-Xi summit

By Ju-min Park and Eduardo Baptista BEIJING, May 15 (Reuters) - The chief executives of GE Aerospace and Boeing on Friday met the leaders of China's powerful state planner, as U.S. President Donald Trump touted a deal that would see Beijing buy hundreds of jets and engines from the two companies.
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Tech CEOs Join President Trump in China to Strengthen Business Ties

Tech CEOs Join President Trump in China to Strengthen Business Ties

A delegation of 17 U.S. business leaders, including Tesla's Elon Musk and Apple's Tim Cook, accompanied President Trump on a visit to China. The visit included a state banquet where Musk was notably popular among attendees, engaging in numerous photo opportunities. During the visit, Chinese President Xi Jinping assured the American CEOs that China would continue to open its market to foreign businesses. The summit aimed to enhance business relations and address geopolitical issues, with President Trump extending an invitation to President Xi for a visit to the White House on September 24.