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On April 25, Iranian President Peskov stated during a visit to the Ministry of the Interior and a video conference of provincial governors that the attacks and blockades targeting infrastructure by hostile forces in Iran are intended to incite public discontent, and Iran must prevent this from being achieved. In his speech, he thanked local officials for their work and called on the public to conserve electricity and reduce energy consumption. He stated that while other sacrifices may not be necessary at present, it is essential to strengthen control over electricity and energy use.On April 25, Irans Tasnim News Agency quoted a spokesperson for the central headquarters of the Iranian Armed Forces, Hatam Anbia, as saying that if the US military continues its blockade, looting, and piracy activities in the region, it will inevitably face a response from Irans powerful armed forces.According to Saudi Arabias Al Arabiya TV, Iranians prefer to negotiate with US Vice President Vance.On April 25, Ukrainian President Volodymyr Zelensky arrived in Azerbaijan for a working visit and held a formal meeting with Azerbaijani President Ilham Aliyev in Gabala. The meeting focused on two core issues: measures to end the conflict in Ukraine, and the feasibility of holding the next round of Ukraine-Russia peace talks in Azerbaijan. During the meeting, Zelensky clearly stated that Ukraine is willing to restart trilateral negotiations with the US and Russia to promote de-escalation through diplomatic means.Azerbaijani President: Discussed energy and military-industrial cooperation with Ukrainian President Zelensky.

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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