A Czech billionaire described as the largest commercial property landlord in Berlin was sued in the U.S. for allegedly defrauding a New York hedge fund and a Czech investment firm of more than $1 billion. Kingstown Capital Management LP and Investhold Ltd. sued Radovan Vitek, a real estate mogul with residences in the Czech Republic and Switzerland, in Manhattan federal court Wednesday. They say they were ripped off by Vitek in a racketeering scheme spanning a decade and featuring ruses in which confederates staged “screaming” fights at meetings. The investors claim Vitek, 47, used a web of shell companies and “straw owners” to gain control of a Luxembourg-based real estate development company in which Kingstown Capital held a substantial interest, and then sold the most valuable assets at “distressed prices” to entities he secretly controlled. “Today’s lawsuit painstakingly lays out the existence of a massive, decade-long fraudulent … [Read more...] about New York hedge fund sues Czech billionaire over $1 billion fraud
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Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Andrew Grainger April 10, 2019 As the time-honored expression has it, give someone enough rope and they will hang themselves. Our best current example of this First Amendment principle is congressman Devin Nunes.The California Republican has barely taken time off after filing a $250 million libel suit against an imaginary cow several weeks ago. On Monday, he filed a second lawsuit against some of the same defendants, using almost identical language describing “a multi-front, orchestrated defamation campaign of stunning breadth and scope, one that no human being should ever have to bear and suffer in their whole life.”The principal defendants, newly added, are the McClatchy Company and one of its newspapers, The Fresno Bee. Advertisement Admittedly, this second complaint does contain several literary flourishes not found in the first. The Fresno Bee … [Read more...] about After suing parody cow account on Twitter, Devin Nunes goes after newspaper for $150 million
From more than two centuries, thoughtful American leaders have fiercely defended a free and independent press – none more eloquently than Thomas Jefferson, the author of the Declaration of Independence and our third president. But during his eight years as president, even Jefferson got grumpy about newspapers. Freedom of the press is enshrined in the First Amendment to the Constitution – "Congress shall make no law ... abridging freedom of speech, or of the press." For 230 years, freedom of the press has been the secret sauce of American democracy. Free government and free markets are built on individual decision-making. A free press provides the information we need to make good decisions. A free, noisy, unbridled press was the genius of our founders. It isn't surprising that a free press may seem less appealing to people on the receiving end of unflattering coverage, though it is important to note that Jefferson's complaints were made in private letters, not public rants. … [Read more...] about Mike Connelly: On a free press, Thomas Jefferson said it best (some of the time)
SIREN … ALEX ISENSTADT: “Exclusive: GOP reaches landmark agreement to juice small-dollar fundraising: ‘Patriot Pass’ is the Republican Party’s answer to ActBlue, Democrats’ online money behemoth”: “With the deal, Republicans hope to create a rival to ActBlue, the Democratic online fundraising behemoth that plowed over $700 million in small-dollar donations into Democratic coffers in the 2018 campaign. … “The accord, revealed for the first time to POLITICO by officials at the center of the effort, has received the explicit blessing of party leaders. Under the arrangement, Data Trust, the RNC’s designated clearinghouse of voter information, will form a joint venture with Revv, a donation processor used by the Trump campaign. The two entities will form the nucleus of Patriot Pass.” POLITICO-- MEANWHILE … MAGGIE SEVERNS and ALEX THOMPSON: “Tech billionaire, Democrats clash over campaign tactics and … [Read more...] about POLITICO Playbook: Republicans try to address fundraising woes, and a new Pelosi book
Is Ancient DNA Research Revealing New Truths — or Falling Into Old Traps? Sections Skip to content Skip to site index Geneticists have begun using old bones to make sweeping claims about the distant past. But their revisions to the human story are making some scholars of prehistory uneasy. A skull found at a prehistoric burial site near Teouma Bay, on the island nation of Vanuatu. Credit Credit David Maurice Smith for The New York Times Supported by ByGideon Lewis-Kraus Jan. 17, 2019 PART I 1. The Ghosts of Teouma A faint aura of destiny seems to hover over Teouma Bay. It’s not so much the landscape, with its ravishing if boilerplate tropical splendor — banana and mango trees, coconut and pandanus palms, bougainvillea, the apprehensive trill of the gray-eared honeyeater — as it is the shape of the harbor itself, which betrays, in the midst of such organic profusion, an aspect of the … [Read more...] about Is Ancient DNA Research Revealing New Truths — or Falling Into Old Traps?