Latest news with #Reisman
Yahoo
03-03-2025
- General
- Yahoo
Multiple flights diverted to Waco Regional Airport
Waco, TX (FOX 44) — Two American Airlines flights were diverted due to bad weather, and one Skywest Airlines flight, which is operated through a partnership with United Airlines, was diverted due to turbulence, leaving at least five injured. Skywest flight 5690, operating as United Express from Springfield, Missouri to Houston, landed safely at Waco Regional Airport Sunday after experiencing turbulence. 'Roughly around the 6:30 p.m. timeframe, and made an emergency landing here in Waco, Texas, in order to deal with the potential injuries onboard the aircraft,' says Waco Regional Airport interim director of aviation Michael Reisman. There were 29 passengers and three crewmembers onboard the CRJ200 aircraft. Medical personnel met and evaluated passengers following the flight, and five passengers were transported to the hospital with minor injuries. 'Waco Fire Department was on scene very quickly, because there was a fire station here at the airport,' Reisman said. 'City worker's emergency management department was activated very quickly after that. They were here very quickly, too. I don't know the exact time, but I believe that the folks were transported to the hospital and were transported very quickly.' Since United doesn't operate out of Waco Regional Airport, Skywest and United arranged for an aircraft to be ferried last night for the passengers. 'That aircraft came in with additional personnel and supplies to help support the operation,' Reisman said. 'They reported all the passengers on the second aircraft and then departed out of here at about 1:30 this morning.' The passengers who were injured during the flight were taken to Baylor Scott and White-Hillcrest, where they were treated with minor injuries and released last night, making it to Houston. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
25-02-2025
- Business
- Yahoo
To fight scams, Senate bill would limit transactions at crypto ATMs
Illinois Sen. Dick Durbin announced legislation Tuesday that would institute sweeping new regulations for the nation's crypto ATM industry. The machines have come under increasing scrutiny as the kiosks are used for scams where victims have lost thousands of dollars — in a single visit. The Crypto ATM Fraud Prevention Act would prevent new users from spending more than $2,000 in a day or $10,000 over a 14-day period to purchase cryptocurrency at a bitcoin ATM. The bill would also require companies to speak directly with new customers seeking to make transactions over $500 and mandate full refunds when those users file a police report and alert operators within 30 days of their transaction. 'As our technology has evolved and become more sophisticated, so have scammers,' Durbin, the top Democrat on the Senate Judiciary Committee, said in a statement. 'Nefarious actors are now using intimidation and manipulation to scare Americans, particularly seniors, into dumping their life savings into cryptocurrency ATMs.' The bill, he said, would 'help curb the efficacy of these scams.' At least $114 million in losses from scams involving bitcoin ATMs were reported to the Federal Trade Commission in 2023. Advocates and law enforcement say older adults are particularly vulnerable to such crimes. NBC News has previously reported on the scams, which advocates say have proliferated in the wake of regulatory gaps. Some victims have been falsely led to believe they were facing arrest or owed fines for missing jury duty. Eric Reisman, a 67-year-old retired special education teacher, said he fell for a jury duty scam in January. The Baltimore County resident said he lost $7,000 after paying the supposed fine by feeding bills into a bitcoin ATM. It's possible, he said, that there was a warning at the machine that he skipped past. 'I was hypnotized, that's the best I can say,' Reisman said. 'Why would I have spent four and half hours on this thing and not woken up?' Having an interaction with a customer service representative might have helped break the spell, he said. 'If somebody called me and said, 'Wait a second, what are you doing? Why are you putting in so much money, and do you have more money you're going to put in?' that would have saved me as well,' Reisman said. The Senate bill comes as the kiosks have become more accessible, popping up in gas stations and grocery stores in communities across the United States. Consumer watchdogs have pushed for federal oversight of the industry. At least three states — Minnesota, California and Vermont — already have daily transaction limits for bitcoin ATMs. The Senate bill says it will defer to state regulations, provided they are not in conflict or less stringent. In the fall, Durbin led an inquiry from a group of Democratic senators questioning how the country's 10 largest bitcoin ATM operators were protecting elderly users from scams. The companies said they required users to acknowledge warnings about potential fraud and most set daily transaction limits around $25,000. NBC News reached out to three crypto ATM operators — Bitcoin Depot, CoinFlip and Athena Bitcoin — for comment on Durbin's legislation. These companies operate the most bitcoin ATMs in the U.S., according to Coin ATM Radar, a website that tracks them. A spokesperson for CoinFlip said in a statement that the kiosks are used by thousands daily for 'legitimate transactions,' calling them 'critical' to the cryptocurrency sphere. 'We support legislation that includes strong and consistent protections for consumers, while preserving their right to access digital currencies, and we look forward to working with Sen. Durbin on this important issue,' the statement read. A spokesperson for Bitcoin Depot declined to comment. Athena Bitcoin did not immediately respond. When similar regulations have been debated at the state level, some companies have argued they might still be evaded if scammers simply directed victims to go to more than one site. If the bill passes, the Treasury Department could fine companies $10,000 for each day violations persist. Americans for Financial Reform is one of several watchdog groups that have endorsed the legislation. Mark Hays, its associate director for cryptocurrency and financial technology, says the legislation as a 'good first step' in tackling practices within the crypto industry that have allowed fraud to flourish. 'This bill won't solve all those problems,' he said, 'but it can help.' This article was originally published on
NBC News
25-02-2025
- Business
- NBC News
To fight scams, Senate bill would limit transactions at crypto ATMs
Illinois Sen. Dick Durbin announced legislation Tuesday that would institute sweeping new regulations for the nation's crypto ATM industry. The machines have come under increasing scrutiny as the kiosks are used for scams where victims have lost thousands of dollars — in a single visit. The Crypto ATM Fraud Prevention Act would prevent new users from spending more than $2,000 in a day or $10,000 over a 14-day period to purchase cryptocurrency at a bitcoin ATM. The bill would also require companies to speak directly with new customers seeking to make transactions over $500 and mandate full refunds when those users file a police report and alert operators within 30 days of their transaction. 'As our technology has evolved and become more sophisticated, so have scammers,' Durbin, the top Democrat on the Senate Judiciary Committee, said in a statement. 'Nefarious actors are now using intimidation and manipulation to scare Americans, particularly seniors, into dumping their life savings into cryptocurrency ATMs.' The bill, he said, would 'help curb the efficacy of these scams.' At least $114 million in losses from scams involving bitcoin ATMs were reported to the Federal Trade Commission in 2023. Advocates and law enforcement say older adults are particularly vulnerable to such crimes. NBC News has previously reported on the scams, which advocates say have proliferated in the wake of regulatory gaps. Some victims have been falsely led to believe they were facing arrest or owed fines for missing jury duty. Eric Reisman, a 67-year-old retired special education teacher, said he fell for a jury duty scam in January. The Baltimore County resident said he lost $7,000 after paying the supposed fine by feeding bills into a bitcoin ATM. It's possible, he said, that there was a warning at the machine that he skipped past. 'I was hypnotized, that's the best I can say,' Reisman said. 'Why would I have spent four and half hours on this thing and not woken up?' Having an interaction with a customer service representative might have helped break the spell, he said. 'If somebody called me and said, 'Wait a second, what are you doing? Why are you putting in so much money, and do you have more money you're going to put in?' that would have saved me as well,' Reisman said. The Senate bill comes as the kiosks have become more accessible, popping up in gas stations and grocery stores in communities across the United States. Consumer watchdogs have pushed for federal oversight of the industry. At least three states — Minnesota, California and Vermont — already have daily transaction limits for bitcoin ATMs. The Senate bill says it will defer to state regulations, provided they are not in conflict or less stringent. In the fall, Durbin led an inquiry from a group of Democratic senators questioning how the country's 10 largest bitcoin ATM operators were protecting elderly users from scams. The companies said they required users to acknowledge warnings about potential fraud and most set daily transaction limits around $25,000. NBC News reached out to three crypto ATM operators — Bitcoin Depot, CoinFlip and Athena Bitcoin — for comment on Durbin's legislation. These companies operate the most bitcoin ATMs in the U.S., according to Coin ATM Radar, a website that tracks them. A spokesperson for CoinFlip said in a statement that the kiosks are used by thousands daily for 'legitimate transactions,' calling them 'critical' to the cryptocurrency sphere. 'We support legislation that includes strong and consistent protections for consumers, while preserving their right to access digital currencies, and we look forward to working with Sen. Durbin on this important issue,' the statement read. A spokesperson for Bitcoin Depot declined to comment. Athena Bitcoin did not immediately respond. When similar regulations have been debated at the state level, some companies have argued they might still be evaded if scammers simply directed victims to go to more than one site. If the bill passes, the Treasury Department could fine companies $10,000 for each day violations persist. Americans for Financial Reform is one of several watchdog groups that have endorsed the legislation. Mark Hays, its associate director for cryptocurrency and financial technology, says the legislation as a 'good first step' in tackling practices within the crypto industry that have allowed fraud to flourish. 'This bill won't solve all those problems,' he said, 'but it can help.'
