Tag: bankrupt

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2…………> NRA Goes Bankrupt: Moves To To Texas 

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The National Rifle Association (NRA), which is headquartered in Fairfax, Virginia, recently came under fire by the office of New York Attorney General Letitia James after an 18-month investigation, accusing the gun rights group of being “fraught with fraud and abuse”, and now the NRA announced it is in the early stages of filing for a Chapter 11 bankruptcy judgment as part of a larger restructuring plan to leave New York and relocate its business to Texas, allowing organizations to continue operating while repaying creditors at reduced rates and over much longer periods of time. A petition is considered the first form submitted in declaring this form bankruptcy.

The firearms advocate explained in a statement that it would set up base in the Lone Star State as a nonprofit as a means of exiting what it complained was a “corrupt political and regulatory environment in New York” :
“The move will enable long-term, sustainable growth and ensure the NRA’s continued success as the nation’s leading advocate for constitutional freedom – free from the toxic political environment of New York,” the release stated, adding that despite the bankruptcy filing, the agency nonetheless described itself as being in the “strongest financial condition in years.”

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https://sputniknews.com/business/202101151081783613-us-national-rifle-association-files-for-bankruptcy-will-relocate-to-texas-amid-troubles/

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3…………> Global COVID19 Death Toll: Two Millions & Up

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“Behind this terrible number are names and faces — the smile that will now only be a memory, the seat forever empty at the dinner table, the room that echoes with the silence of a loved one,” said UN Secretary-General Antonio Guterres, the toll “has been made worse by the absence of a global coordinated effort”.

“Science has succeeded, but solidarity has failed,” he added as the global death toll from COIVID-19 passed 2 million, the milestone coming even as vaccines are being rolled out around the world in an all-out campaign to stop the pandemic, with the real toll is believed to be significantly higher because of poor testing and many inaccurately recorded deaths, especially during the first months of the outbreak.

It took eight months to reach 1 million dead and less than four months after that to reach the next million.

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https://www.dw.com/en/coronavirus-digest-global-death-toll-tops-2-million/a-56233029

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4…………> San Gabriel Swindler Caught By ICE: Losses In The Millions

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LOS ANGELES – A San Gabriel Valley man, identified as Steve Chen, 63, a.k.a. “Li Chen” and “Boss,” of Bradbury, was sentenced today to 120 months in federal prison for fraudulently obtaining $147 million from tens of thousands of investors around the world in a massive investment scam where a multinational company issued a phony digital currency purportedly backed by billions of dollars’ worth of amber and other gemstones.

Chen was the owner and chief executive officer of U.S. Fine Investment Arts, Inc. (USFIA), and six other companies that used the same Arcadia address, from where he fraudulently promoted and solicited USFIA investments, and he ultimately obtained approximately $147 million from 72,000 victims, in one of the largest pyramid schemes ever prosecuted by the U.S. Attorney for the Central District of California.

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https://www.ice.gov/news/releases/la-area-man-sentenced-10-years-prison-key-role-massive-pyramid-investment-scheme

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5………….> UK COVID19 Mutations Could Newest US Killer: Expected By March?

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As SARS-CoV-2, the virus that causes COVID-19, continues to sweep the world, a new variant known as B.1.1.7 has quickly spread within communities, especially within the UK, not as severe, but it does appear to be more transmissible than other variants, and hence a new report from the US Centers for Disease Control and Prevention (CDC) is indicating the B.1.1.7 variant could become the predominant strain in the US by March, as the virus is rapidly spreads across the nation.

“The modeled trajectory of this variant in the US exhibits rapid growth in early 2021, becoming the predominant variant in March,” reads the report, which notes that its rise will prompt “extended and more rigorous implementation of public health strategies, and increase the percentage of population immunity required for pandemic control.”
“Taking measures to reduce transmission now can lessen the potential impact of B.1.1.7 and allow critical time to increase vaccination coverage,” it concluded.
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https://sputniknews.com/us/202101151081783140-cdc-highly-contagious-uk-covid-19-variant-may-become-dominant-us-strain-by-march/

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