Multiple People Injured in New York City's Times Square After Gunman Opens Fire, 17-Year-Old Suspect Arrested
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'Cryptocrash king' Do Kwon pleads guilty to fraud
A South Korean former tech executive accused of a helping to spark a cryptocurrency crisis that cost investors more than $40bn (£31.8bn) has pleaded guilty to two criminal counts of fraud. Do Kwon was the boss of Singapore-based Terraform Labs, which operated two cryptocurrencies - TerraUSD and Luna - both of which collapsed in 2022, triggering a wider sell-off in the crypto market. The US says he was responsible for the failure of the two digital currencies, accusing him of "orchestrating a multi-billion dollar crypto asset securities fraud". As part of the plea deal, prosecutors have agreed to refrain from seeking a sentence longer than 12 years. Kwon is due to be sentenced on 11 December. Kwon's guilty plea in a New York court comes after a lengthy legal battle. He initially fled South Korea after a warrant for his arrest was issued in 2023, eventually ending up in Montenegro where he was arrested and jailed before being extradited to the US. US prosecutors said Kwon misrepresented features that were supposed to keep the so-called stablecoin at $1 without outside intervention. They alleged that in 2021, Kwon arranged for a trading firm to surreptitiously purchase millions of dollars worth of the token to restore TerraUSD's value, even as he told investors that a computer algorithm called Terra Protocol was responsible. Prosecutors say the alleged misrepresentation prompted a wide array of investors to buy Terraform's offerings, which helped prop up the value of the company's Luna token, which was closely linked to TerraUSD. The following year, Kwon's TerraUSD and the Luna cryptocurrency crashed. "In 2021, I made false and misleading statements about why [TerraUSD] regained its peg," he said in court on Tuesday. "What I did was wrong and I want to apologise for my conduct," he added. Kwon had originally pleaded not guilty to nine counts stemming from the crash, including securities and wire fraud, and money laundering conspiracy. He had faced up to 135 years in prison if convicted of the charges in the original indictment. As part of his plea deal, Kwon agreed to refrain from challenging the allegations in the indictment. He must also forfeit up to $19.3m plus interest and several properties and pay restitution. While prosecutors have agreed to limit their requested sentence to 12 years, Judge Paul Engelmayer maintained that he was entitled to prescribe a longer sentence. That sentence could be up to 25 years in prison. He still faces charges in South Korea, according to his attorney. Error in retrieving data Sign in to access your portfolio Error in retrieving data
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American sprinter Fred Kerley provisionally suspended for anti-doping 'whereabouts failures'
MONACO (AP) — U.S. Olympic sprinter Fred Kerley has been provisionally suspended for 'whereabouts failures' under the sport's anti-doping rules, the Athletics Integrity Unit said Tuesday. Lawyers for the 30-year-old Kerley hit back in a statement posted on the athlete's account on X. 'Fred Kerley has already notified the AIU that he intends to contest the allegation that he has violated the anti-doping rules related to whereabouts failures, as he strongly believes that one of (or) more of his alleged missed tests should be set aside either because he was not negligent or because the Doping Control Officer did not do what was reasonable under the circumstances to locate him at his designated location,' the statement said. It added: 'Fred will not comment further at this time out of respect for the process, and looks forward to presenting his case to the appointed hearing panel.' Kerley won the Olympic silver medal in the 100 meters at the Tokyo Games and the bronze in Paris last year. He has also earned six medals at the track and field world championships. 'You can try to break me in the storm, but all you're doing is giving me a better story at the finish line,' Kerley later posted on the same account. In May, Kerley was charged in Florida with punching a woman, a hurdler who also competed in the Olympics. That came just a few months after he was arrested for allegedly punching a Miami Beach police officer on Jan. 2, an incident in which police used a Taser on him. His lawyers say Kerley is innocent of those charges. ___ AP sports: The Associated Press
CBS News
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Nursing mother in ICE custody in Minnesota to be released from detention, judge rules
A nursing mother who has spent more than three weeks in U.S. Immigration and Customs Enforcement custody will soon be reunited with her children following a federal judge's ruling on Tuesday. Antonia Aguilar Maldonado, 26, was arrested by federal agents on July 17. She came to the United States from El Salvador as a teenager and has no criminal history. She is now seeking asylum and lives in Lake Elmo, Minnesota. Her attorneys filed a writ of habeas corpus challenging her detention because an immigration judge authorized her release on bond on July 31. Soon after the U.S. Department of Homeland Security then filed an automatic stay to keep her in custody at the Kandiyohi County Jail despite that order. They sought injunctive relief to block that from taking effect and require her release while her case moves forward. Hannah Brown, one of her attorneys, told the court Tuesday that her client is experiencing emotional and mental distress while separated from her two U.S. citizen children, including her youngest whom she is breastfeeding. She also said she faces physical harm because she cannot pump on a set schedule or in sanitary conditions. U.S. District Judge Susan Richard Nelson delivered a ruling from the bench in St. Paul after each side made their arguments, ultimately granting the request for a temporary restraining order which will force her release. She rejected the government's argument that Aguilar Maldonado's detention was allowable by law and said ICE violated its own policies for pregnant and nursing mothers. Nelson said ICE contends that a January executive order from President Donald Trump revoked that rule, but "nowhere in that policy is there a mention of nursing mothers." "In the court's view, the irreparable harm to separating a nursing mother and her child is self-evident," she said. She added that her case is a civil matter yet Aguilar Maldonado is being held in conditions "indiscriminable" to criminal detention and that agents made a "mistake" when they arrested her. A written ruling will follow later this week. Aguilar Maldonado's attorneys said she will be released as soon as she posts bond, likely early Wednesday morning. The court room was packed with friends, congregants at Aguilar Maldonado's local church and other community members who observed the hearing. They erupted into applause once it was over, celebrating her release. Her church helped raise money to pay her bond. "A lot of people can relate to Ms. Aguilar Maldonado's situation and to her story. And there are folks here who know her and folks here who don't know her," Brown said. "And I think it was really beautiful to see so many people, so many Minnesotans, showing their support for a young mother who does not need to be detained." Aguilar Maldonado came to the U.S. in 2017 as a minor, granting her special protections, and had a removal order in 2019 for failing to attend a hearing. But an immigration judge reopened her case last year after finding she wasn't given notice of that court appearance, Gloria Contreras Edin, another one of her attorneys told WCCO in an interview. Since then, she has been doing "everything right," she added, and filed for asylum and obtained work authorization. Her arrest on July 17 came as a surprise. When asked about Aguilar Maldonado's case, a spokesperson for ICE provided the following statement to WCCO: "By statute, we have no information on this person." "[Her son] is allergic to other forms of milk, and so unfortunately, this baby has been without his mother's milk now for 26 days, and she wants to get to him right away and start nursing," Contreras Edin told reporters Tuesday. Contreras Edin and Brown said she will remain free as her writ of habeas corpus petition proceeds. The government is also appealing the immigration judge's earlier ruling late last month. The judge said she does not have a removal order at this time. Telma Vides, a friend of Aguilar Maldonado, spoke with her friend soon after the hearing and said she was excited and crying nonstop when she learned that should be released. "It's just amazing what God can do to get her out," Vides said. "It just kept going up and down and up—it's been a roller coaster all these three weeks."
