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On April 22, the Reserve Bank of Australia (RBA) is closely monitoring Anthropics newly launched "Mythos" artificial intelligence model. Anthropic claims the model is powerful enough to handle sophisticated cyberattacks. In a statement, the RBA said, "We are working with peer regulators, governments, and regulated entities. The RBA will continue to assess the impact of these technological advancements to ensure the continued security and stability of the financial system." Meanwhile, regulators around the world are discussing with financial institutions how to address the cybersecurity risks associated with "Mythos."On April 22, Iranian Permanent Representative to the United Nations, Illavani, stated on April 21 that Iran is ready to resume negotiations, but this depends on the United States. Negotiations will only begin if the US lifts its blockade. This statement came as US President Trump announced an extension of the ceasefire with Iran. However, according to Irans Tasnim News Agency, Iran did not request an extension. The Speaker of the Iranian Islamic Parliament, and advisor to former head of the negotiating delegation, Ghalibaf, also stated on social media that continued blockades are tantamount to bombing and must be met with a military response.April 22 – At todays quarterly press conference of the Ministry of Emergency Management, it was announced that in 2025, the Central Committee of the Communist Party of China and the State Council issued the "National Overall Emergency Response Plan for Emergencies," requiring all localities and relevant departments to promptly adjust the content of the emergency response plans based on the results of emergency response and drill evaluations. Currently, a new round of revisions and formulation of national-level emergency response plans has been fully launched. According to the plan, national-level emergency response plans that require revision after evaluation will, in principle, be completed by December 2026.On April 22, the Taiwan Affairs Office of the State Council held a regular press conference. A recent poll released by the Taiwan Democracy and Education Foundation showed that, regarding the possibility of a military conflict between the two sides of the Taiwan Strait, 54.4% of respondents believed that the United States would definitely not or might not unconditionally send troops to protect Taiwan, while only 28.6% believed it would. What is your comment on this? Zhang Han, spokesperson for the Taiwan Affairs Office, stated that the poll once again demonstrates that more and more Taiwanese compatriots realize that "Taiwan independence" is a dead end, that outsiders cannot be relied upon, and that in the eyes of the United States, Taiwan is merely a "pawn" to contain the mainlands development, and a "discarded pawn" that can be abandoned at any time. It must be emphasized that the Taiwan issue is purely Chinas internal affair and brooks no external interference. The DPP authorities stubborn "reliance on the US for independence" will not bring security and peace, but will only bring immediate harm and future generations.On April 22, the Taiwan Affairs Office of the State Council held a regular press conference. Lai Ching-tes planned visit to Swaziland was cancelled because the relevant country refused to issue a flight permit for his chartered flight. What is your comment on this? Zhang Han, spokesperson for the Taiwan Affairs Office, stated that we appreciate the position and practices of the relevant countries in adhering to the one-China principle. Those who act justly gain widespread support, while those who act unjustly find themselves isolated. Facts have once again proven that the one-China principle is a fundamental norm of international relations and a universal consensus of the international community; it is an irresistible trend, a matter of righteousness, and the will of the people.

Ex-CFO pleads guilty to stealing from SPACs to trade meme stocks, cryptocurrencies

Skylar Shaw

Jan 04, 2023 14:13

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An ex-chief financial officer (CFO) of several special purpose acquisition companies (SPACs) pled guilty to stealing more than $5 million from them and losing almost all of it in joke stocks and cryptocurrencies.


Tuesday in federal court in Manhattan, Cooper Morgenthau, 35, of Fernandina Beach, Florida, entered a plea of guilty to one count of wire fraud. The judge was U.S. District Judge Paul Engelmayer.


When Morgenthau is sentenced on April 25, the suggested federal guidelines call for a jail term of between six and seven and a half years.


The U.S. Securities and Exchange Commission also resolved related civil allegations against him in exchange for his agreement to lose $5.11 million and pay an equivalent amount in restitution.


A representative for Morgenthau, Michael Bowen, refused to comment.


According to the authorities, Morgenthau stole more than $1.2 million from African Gold Acquisition Corp between June 2021 and August 2022, covered it up by fabricating account statements, and either spent it all in securities trading or lost it all.


The SEC said that Morgenthau then solicited $4.7 million from investors in SPACs known as Strategic Metals Acquisition Corp to make up for his losses, only to lose the majority of it in cryptocurrency trading.


African Gold, a New York-based company formed to purchase a gold mining company, raised $414 million in an IPO in February 2021.


According to the SEC, it dismissed Morgenthau in August of last year when he ran out of money and its suppliers refused to do business with him.


At the time, African Gold said that it fired Morgenthau after becoming aware of his "improper withdrawals" and efforts to hide them.


According to a statement from Manhattan U.S. Attorney Damian Williams, Morgenthau "confessed that he betrayed the trust that he owed to his public and private investors."