Anonymous ID: f394a8 Nov. 8, 2018, 7:19 p.m. No.3810579   🗄️.is 🔗kun

UBS Tells DOJ To Pound Sand Over Plea Deal For Manafort's Trump Tower Apartment

 

UBS has filed a document with the District Court of D.C. to block the Department of Justice's forfeiture of Paul Manafort's $3 million apartment at Trump Tower - arguing that the 1,500 square-foot, 43rd floor unit isn't his to relinquish per a September agreement with federal prosecutors. Bloomberg reports that the former Trump campaign chairman gave up the condo as part of a plea arrangement regarding crimes he committed as a consultant for Ukraine's then-ruling government party.

 

Manafort purchased the apartment in 2006 with cash through a shell company, John Hannah LLC, for about $3.7 million, according to property records. In early 2015, he transferred the property from the shell company to himself. He then pledged the home as collateral on a $3 million loan from UBS Bank USA. The variable-rate mortgage required interest-only payments for the first 10 years, before coming due in May 2040. -Bloomberg

 

In their Nov. 2 court filing, UBS says that Manafort has defaulted on the $3 million mortgage, while Zillow lists the apartment with an estimated value of $2.9 million. Manafort owed nearly $110,000 in interest in fees as of Nov 1, while his interest rate this month was 4.125%. UBS claims it didn't know that the property would be subject to forfeiture when the loan was made, and that their interest in the property is superior to Manafort's. The bank has asked a D.C. judge to block the transfer of the apartment to the government - one of several properties Manafort agreed to give up as part of his deal.

 

https://www.zerohedge.com/news/2018-11-08/ubs-tells-doj-pound-sand-over-plea-deal-manaforts-trump-tower-apartment

Anonymous ID: f394a8 Nov. 8, 2018, 7:27 p.m. No.3810716   🗄️.is 🔗kun

Bank Of England Refuses To Release Venezuela's Gold

 

Three days ago, when we reported that following Trump's latest sanctions targeting Venezuela's gold sector president Maduro was seeking to repatriate all of Venezuela's gold - some 14 tons - held at the Bank of England, we cautioned that since the BoE "sought to clarify what Venezuela wants to do with the gold", this suggested that despite Venezuela being the rightful owner of this gold, Venezuela was about to face challenges in getting it back. Today, the worst case - for Venezuela's president - was confirmed, when the Times reported that the Bank of England has "refused to release the gold bars" worth just over $550 million to President Nicolas Maduro. According to the Times, the reason the BoE has refused release is due to its insistence that standard measures to prevent money-laundering be taken — "including clarification of the Venezuelan government’s intentions for the gold." “There are concerns that Mr. Maduro may seize the gold, which is owned by the state, and sell it for personal gain,” the newspaper said.

 

Separately, as we reported on Monday, an official told Reuters that the repatriation plan has been held up for nearly two months due to difficulty in obtaining insurance for the shipment, needed to move a large gold cargo: “They are still trying to find insurance coverage, because the costs are high,” an official told Reuters. As we reported on Monday, Venezuela’s gold located at the BoE was previously used as collateral until last year, backing loans up to several billion dollars from global banks.

 

Maduro is not the first to attempt to repatriate the country's gold. Venezuela's late socialist leader Hugo Chavez, sensing which way the wind is blowing and citing the need for Venezuela to have physical control of central bank assets, in 2011 repatriated around 160 tonnes of gold from banks in the United States and Europe to the central bank in Caracas. But some of Venezuela’s gold remained in the Bank of England. Starting in 2014, Venezuela used this gold for “swap” operations in which global banks lent Venezuela several billion dollars with the gold as collateral. Meanwhile, as shown in the chart above, Venezuelan central bank statistics show the central bank’s gold holdings by June this year had dropped to 160 tonnes from 364 tonnes in 2014, as some of the swap agreements expired without Venezuela returning the funds - leaving the gold in the hands of the banks. By 2017, swap agreements with Caracas became impossible due to U.S. sanctions, which blocked U.S. financial institutions from bankrolling any new financing operations, while leaving the legal fate of pledged gold in limbo.

 

Last week, Washington imposed new restrictions against Venezuela targeting the country's gold exports, accusing the Maduro government of "looting" Venezuela's stocks of the precious metals amid the country's economic crisis. The sanctions, which target US individuals and companies trading in Venezuelan gold, was announced by US National Security Advisor John Bolton last week, with Bolton also branding Caracas a member of a "troika of tyranny" along with Cuba and Nicaragua. Venezuela has made a concerted effort to become a major gold exporter, and is engaged in certifying some 32 gold fields, and building 54 processing plants in a bid to become what Maduro said would be "the second largest gold reserve on Earth."

 

https://www.zerohedge.com/news/2018-11-08/bank-england-refuses-release-venezuelas-gold

Anonymous ID: f394a8 Nov. 8, 2018, 7:34 p.m. No.3810825   🗄️.is 🔗kun   >>0855 >>1027

Florida teacher finds ‘provisional ballot box’ in storage area

 

A teacher in Florida found a container labeled “Provisional Ballot Box” in a storage area of her elementary school on Thursday. Lakeisha Williams, of Broward County, said she discovered the ballot box two days after Election Day at Miramar Elementary School — where it was apparently left behind by election workers. “I went into the area that we use for storage and saw it in there,” Williams told The Post. Williams said she did not touch or look inside the box. Instead, she told the school’s principal and they decided to contact a local state representative. “I don’t know where it is now,” Williams said, noting that all provisional ballots needed to be received by county officials before 5 p.m. Thursday.

 

Votes are still being counted in the Sunshine State. The state’s races for US Senate and governor have tightened to a difference of less than 0.5 percent — potentially triggering an automatic recount. Republican Gov. Rick Scott led democratic incumbent Bill Nelson by just 17,000 votes — or 0.2 percent — for the Senate seat on Thursday. In the race for governor, Republican Ron DeSantis was leading Tallahassee mayor Andrew Gillum by about 30,000 votes — or 0.4 percent.

 

https://nypost.com/2018/11/08/florida-teacher-finds-provisional-ballot-box-in-storage-area/