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On March 26, the Russian Ministry of Defense reported on the 25th that in the past day, Russian forces conducted strikes on Ukrainian long-range drone assembly workshops and launch sites, energy facilities used by the Ukrainian Armed Forces, ammunition and fuel depots, and temporary deployment sites of the Ukrainian Armed Forces and foreign mercenaries in 149 areas. Russian air defense forces shot down 543 fixed-wing drones. In addition, Russian forces seized control of a settlement in the Donetsk region. On the same day, the General Staff of the Ukrainian Armed Forces reported that 191 battles occurred in the front-line areas in the past day, with Ukrainian forces repelling Russian offensives on multiple fronts. Ukrainian missile and artillery units launched strikes against a key Russian target, shooting down 2,459 Russian drones. The Ukrainian Security Service also reported that Ukrainian forces conducted a long-range strike on a Russian oil infrastructure located on the Baltic coast.On March 26, Iranian Foreign Minister Araqchi stated in an interview with state television on the 25th that the current war is neither Irans war nor the United States war, but rather Israels pushing of the United States into conflict. Araqchi claimed that Israel is the main instigator of the war. He asserted that the United States primary mission is to ensure Israels security, and its military deployments in the Middle East are aimed at protecting Israel, even at the cost of everything. Israels goal, however, is to realize its "Greater Israel" plan, coveting the territory of several countries in the region. Araqchi said that this war has revealed many facts: US military bases in the region have not only failed to guarantee the security of host countries but have also become destabilizing factors; if these countries are attacked, it is precisely because of the existence of these bases.Reserve Bank of Australia Assistant Governor Kent: The committee will formulate monetary policy to achieve low and stable inflation and full employment.Reserve Bank of Australia Assistant Governor Kent: The longer the conflict lasts, the greater the impact on the economy.Reserve Bank of Australia Assistant Governor Kent: This could push up the short-term neutral rate, thus requiring more restrictive policies.

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."


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