Government

NYC Has Cared for 101,000 Asylum Seekers Since Last Spring

NEW YORK — New York City Mayor Eric Adams announced Wednesday that the city has provided shelter and care for more than 101,200 asylum seekers that have arrived in the five boroughs since April 2022. “With more than 101,200 asylum seekers arriving in New York City and asking for shelter, our city has now provided shelter […]

Government Transportation

NY Wants to Add Congestion Tolls for Manhattan

New York Governor Kathy Hochul announced that the Federal Highway Administration has completed the environmental review of the State’s nation-leading congestion pricing program – Manhattan Central Business District Tolling – following a 30-day public availability period of the Final Environmental Assessment. The federal agency also issued a Finding of No Significant Impact, confirming the conclusion […]

Government News

NYS Police Academy Graduates 238

Governor Kathy Hochul joined Acting NYS Police Superintendent Steven A. Nigrelli in honoring 238 new State Troopers as they graduated last week from the 212th session of the Basic School of the New York State Police Academy. The ceremony was held at the Empire State Plaza Convention Center in Albany. The new graduates increases the […]

Banks Government

FDIC Wants to Levy Fees on Larger Banks to Pay for Seizures

The Federal Deposit Insurance Corporation (FDIC) Board of Directors wants to implement a special assessment on the nation’s largest banks to recover the cost associated with protecting uninsured depositors following the closures of Silicon Valley Bank and Signature Bank earlier this year. The Federal Deposit Insurance Act (FDI Act) requires the FDIC to take this action in […]

Government News

Rep. George Santos Charged With Fraud, Theft of Public Funds

CENTRAL ISLIP, NY – A 13-count indictment was unsealed today in the U.S. District Court for the Eastern District of New York charging George Anthony Devolder Santos, better known as “George Santos,” a United States Congressman (R) representing the Third District of New York, with seven counts of wire fraud, three counts of money laundering, […]

Government

Female Founder Charged in $175 Million Fraud of JPMorganChase

Charlie Javice, the founder of college financial platform Frank, has been charged with fraud after inflating user figures in a $175 million sale to JPMorganChase in 2021. Damian Williams, the United States Attorney for the Southern District of New York, and Patricia Tarasca, the Special Agent in Charge of the New York Regional Office of […]

Government Transportation

MTA Begins New Service to Grand Central Madison

Governor Kathy Hochul, Senate Majority Leader Charles Schumer and MTA Chair and CEO Janno Lieber, along with federal and local elected officials [photo above] celebrated the official opening of Grand Central Madison with full Long Island Rail Road service beginning Monday, February 27. The new schedules provide increased service levels by a historic 41 percent […]

Government

Upstate Minimum Wage Increasing to $14.20 Per Hour

The minimum wage is going up on December 31 for workers in upstate New York. Workers outside of New York City, Long Island, and Westchester County will see an increase by $1.00 per hour, from $13.20 to $14.20, following a statutorily required economic analysis conducted by the New York State Division of the Budget. Additionally, […]

Government News

Russian Military Officer Indicted in Brooklyn Federal Court

Publicly filed court documents, including a 16-count indictment unsealed this week in Brooklyn, charge five Russian nationals – including a suspected Russian Federal Security Service (FSB) officer – and two U.S. nationals with conspiracy and other charges related to a global procurement and money laundering scheme on behalf of the Russian government in which the […]

Government News

Bankman-Fried Indicted for Fraud by Grand Jury

A federal grand jury in Manhattan returned an indictment this week charging Samuel Bankman-Fried, aka SBF, 30, of Stanford, California, with conspiracy to commit wire fraud, wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, conspiracy to commit money laundering, and conspiracy to defraud the Federal Election Commission and commit campaign finance […]