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Financial Records

All articles tagged with #financial records

cryptocurrency1 year ago

"Ripple vs. SEC: Key Date Looms Amid Settlement Rumors and Price Stability"

The next important date in the ongoing legal battle between the SEC and Ripple is February 20, 2024, when Ripple is expected to produce its financial records and respond to the SEC's requests. The lawsuit is currently in the remedies phase, with the court seeking to determine the appropriate penalty for Ripple's violation of securities laws. The upcoming financial records will help determine the appropriate remedies against Ripple, including the potential imposition of an injunction regarding its future XRP sales to institutional clients. Other important dates in the lawsuit are March 13 through April 29, 2024, during which the parties will file their respective briefs relating to the remedies litigation.

via The Crypto Basic|
#cryptocurrency#financial-records#lawsuit
politics2 years ago

Hunter Biden's Tax Troubles: Revealing Debt, Recovery, and DOJ Speculations

Business Insider has reviewed Hunter Biden's tax returns, revealing his struggle with debt and recovery, as well as his relationship with the IRS. The documents show that after years of addiction and profligate spending, Biden got sober in 2019 and borrowed at least $4.6 million from entertainment lawyer Kevin Morris to pay off his overdue taxes. The tax returns also indicate that Biden paid more in taxes over three years than former President Donald Trump did during his four-year term. While the tax charges against Biden are unusual, experts argue that the amounts involved are relatively small, and some believe that political pressure may be driving the case.

via Business Insider|
#criminal-charges#financial-records#hunter-biden
politics2 years ago

"Fact check: Joe Biden's personal loan to his brother and the questions it raises"

Evidence reviewed by CNN supports Democrats' claim that there was a $200,000 loan from Joe Biden to his brother James Biden, as indicated by banking records obtained by the House Oversight Committee. The records show a $200,000 wire transfer from an attorney trust account co-founded by Joe Biden to James Biden, and a subsequent check from James Biden and his wife to Joe Biden marked as "loan repayment." While the evidence does not provide absolute certainty, it suggests that Joe Biden was behind the loan. The Republican committee has raised doubts about the evidence, but their arguments have significant holes.

via CNN|
#financial-records#house-oversight-committee#james-biden
sports2 years ago

Baker Mayfield Takes Legal Action Over Alleged Misuse of $12 Million Investment

Baker Mayfield and his wife have filed a court petition in Texas to investigate whether $12 million invested with an investment firm where Mayfield's father and brother work was misused. The petition requests financial records from 2018-2023 to determine the whereabouts of the funds. The court filing claims that the Mayfields have been unable to account for the money and are seeking information about its current location and status. It is unclear at this time if the court petition will lead to a lawsuit. Mayfield is expected to be the starting quarterback for the Tampa Bay Buccaneers in the upcoming season.

via New York Post |
#baker-mayfield#court-petition#financial-records
politics2 years ago

Hunter Biden's Business Associates Subpoenaed and Allegations of Conversations with Joe Biden Arise

The House Oversight Committee has issued a subpoena to former Hunter Biden business partner Devon Archer, demanding testimony related to the panel’s probe into the Biden family’s overseas business schemes. The subpoena compels Archer to testify before the Oversight Committee Friday morning on Capitol Hill. The committee has also issued subpoenas to two banks for Archer’s financial records and those of Elena Baturina and Rosemont Seneca Thornton. Archer was sentenced in February of last year to one year and one day in prison for his role in a scheme to defraud a Native American tribe.

via New York Post |
#devon-archer#financial-records#house-oversight-committee
politics2 years ago

GOP probes alleged foreign payments to Biden family in new bank records report.

House Republicans are using recently obtained financial records, including more than 150 suspicious activity reports, to investigate President Joe Biden's family and their finances. The reports, called SARs, are often routine and not evidence of misconduct on their own. Republicans believe the records could potentially show an effort by the president and his family to trade off his name. The investigation is widening to include the entire Biden family, and up until now, Republicans have not publicly revealed evidence to substantiate their claims of wrongdoing. The White House has dismissed the investigation as a political stunt.

via The Associated Press|
#biden-family#financial-records#gop
politics2 years ago

Hunter Biden's Paternity Case and Child Support Dispute in the Spotlight.

Hunter Biden is involved in a legal dispute with the mother of his 4-year-old child over his request to have his child support payments reduced. The proceedings have brought up controversies surrounding Hunter Biden, including his foreign business dealings and his finances. Republicans are watching the case closely, hoping to reveal the income Mr. Biden has earned from selling his art and whether he owns any offshore accounts. The child's mother has accused Mr. Biden of ignoring court orders to provide information about his finances and has asked a judge to declare him in contempt and have him jailed until he complies.

via The New York Times|
#child-support#contempt-of-court#financial-records
politics2 years ago

Hunter Biden's Arkansas court appearance for paternity and child support case

Hunter Biden, son of President Joe Biden, appeared in an Arkansas court for a hearing in a paternity case. The mother of one of his children, Lunden Roberts, accused him of ignoring court orders to turn over financial records and asked the judge to hold him in contempt and send him to jail. The case remains ongoing, and Hunter Biden's legal team met with prosecutors at the Justice Department last week to discuss potential charges against him in a tax criminal investigation.

via NBC News|
#contempt-hearing#court-orders#financial-records
politics2 years ago

Hunter Biden's Paternity Case: Court Appearance and Accusations.

Hunter Biden appeared in an Arkansas court for a paternity suit with his baby mama, Lunden Roberts, who he had a month-long affair with resulting in a daughter named Navy Joan. Hunter has been trying to cut child support payments for his daughter, but Roberts demanded proof of his financial records, including his art sales and properties. The case has been ongoing since 2019 when Roberts filed the paternity suit, and a DNA test confirmed Hunter as the father. The case was reopened last September when Hunter asked the court to recalculate his monthly payments due to an alleged "substantial material change" in his financial situation.

via New York Post |
#child-support#financial-records#hunter-biden
politics2 years ago

Hunter Biden's Paternity Case Takes Center Stage in Arkansas Court.

Hunter Biden is expected to appear in court in Arkansas for a hearing related to a paternity dispute that has turned into a proxy battle over his overseas business deals, laptop, and other financial matters under criminal investigation by the Justice Department and facing scrutiny from House Republicans. The mother of one of Hunter Biden’s children has asked an Arkansas judge to hold him in contempt for ignoring court orders requiring him to turn over documents about his finances. The case has been reopened, and Roberts is seeking information about Hunter Biden’s finances, including his art sales, properties, and cars, and records about his tax difficulties. The Justice Department has a long-running criminal investigation into Hunter Biden’s taxes and finances.

via CNN|
#financial-records#house-republicans#hunter-biden
politics2 years ago

House Oversight Committee issues subpoenas in Biden family financial probe.

The House Oversight Committee has issued subpoenas to several banks, including Bank of America, Cathay Bank, JPMorgan Chase, and HSBC USA N.A., as well as former Hunter Biden business associate Mervyn Yan, asking for financial records of Biden family associates. The move is part of an ongoing investigation into the finances of the Biden family. The Oversight Committee Democratic staff has accused Republicans of conducting their investigation behind a "veil of secrecy" and not notifying Democrats, resulting in some targets of subpoenas being unaware that the committee is seeking their records.

via Fox News|
#biden-family#financial-records#house-oversight-committee
politics2 years ago

GOP Senator Claims Chinese-American Bank Voluntarily Provided Biden Family's Financial Records

Chinese-American-owned Cathay Bank willingly provided financial records of the Biden family to U.S. regulators, according to Sen. Ron Johnson. Despite Biden denying any wrongdoing, the new records solidify the House Oversight Committee's investigation into the family's international business ventures. Americans are calling on President Biden to address the potential collusion with China, which they see as one of the biggest threats facing the country. The coincidence of U.S. banks' reluctance to provide Congress with information now that a Democrat holds office is also being questioned.

via Fox Business|
#biden-family#cathay-bank#china
finance2 years ago

SVB Financial Group faces bankruptcy challenges and potential asset sale.

SVB Financial, the bankrupt parent company of Silicon Valley Bank, has lost access to its financial records after the bank was placed into receivership by the Federal Deposit Insurance Corporation (FDIC). SVB Financial is exploring options, including a potential bankruptcy sale, for its venture capital and investment banking businesses, which were not included in the FDIC's takeover of SVB. The FDIC is attempting to sell SVB and may seek a breakup of the failed lender.

via Reuters.com|
#bankruptcy#fdic#finance
politics2 years ago

House Oversight investigates financial ties between Hunter Biden and associates.

The House Oversight Committee has requested Hunter Biden's business associate Rob Walker to testify before the panel after financial documents revealed that he transferred over $1 million to members of the Biden family following a $3 million wire from a Chinese energy company in 2017. The committee reviewed subpoenaed Bank of America records and found that "at least three family members" received lucrative payments from a bank account belonging to Walker. The investigation is being led by Trump-appointed Delaware U.S. Attorney David Weiss.

via Fox News|
#chinese-energy-company#financial-records#house-oversight-committee