Latest news with #Tapscott
Yahoo
22-05-2025
- Yahoo
Special prosecutor will be assigned to former Geneva officer's case
ROCHESTER, N.Y. (WROC) — A special prosecutor is being assigned to the case of Michael Tapscott, the former Geneva police officer accused of selling drugs on duty. Ontario County DA James Ritts announced that his opponent in this year's election, Ontario County Attorney Jason MacBride, exchanged texts with Tapscott. It was alleged that MacBride was seeking Tapscott and the Geneva Police Department's endorsement for DA. The texts, according to Ritts, happened over several months before Tapscott was arrested. Ritts said that, in light of these accusations, the DA's Office will seek a special prosecutor from outside Ontario County to ensure all defendants are brought to justice without impropriety. 'Although I am disappointed there is a need for a Special Prosecutor in this case, prosecutorial ethics require me to take this action,' Ritts said in a statement. News 8 has reached out to the DA's Office and MacBride for further comment on this matter. The Ontario District Attorney's Office declined to provide any further comment and directed us to the Wayne County District Attorney, who will be the special prosecutor for the case. Tapscott, a former D.A.R.E. officer, was arrested earlier this month for allegedly selling drugs to someone at a local business in Geneva while in uniform and operating a police car. Investigators said they found evidence that Tapscott provided a form of Adderall. Tapscott was charged with fifth-degree criminal sale of a controlled substance and official misconduct. He was arraigned and released on his own recognizance. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
13-05-2025
- Yahoo
Geneva PD names members placed on administrative leave amid criminal investigation into former officer
GENEVA, N.Y. (WROC) — The City of Geneva Police Department posted a 'quick-fact' sheet to its Facebook page over the weekend which included the names and ranks of the department members placed on administrative leave, announced Friday. This comes following the arrest of a former police officer last week who was charged for allegedly selling a controlled substance to another person at a business location in April while he was on duty, in uniform and in a marked police car. Sgt. David Felice and Officer Nathan Jacon have both been placed on administrative leave. On Wednesday last week, Ontario County Sheriff David Cirencione announced the arrest of officer Michael Tapscott on a felony charge for allegedly selling a form of Adderall to another individual. According to court documents obtained by News8, the GPS on Tapscott's patrol car is what led investigators to Geneva Foreign & Sports car dealership and mechanic on Rt-14 where the transaction on a single pill took place. Tapscott was a 13-year-veteran of the force and resigned the day before he was arrested. The City of Geneva Police Chief, Ronald Eveland, was not in the office Monday; he spoke last week during the initial news conference about the arrest of Tapscott, discussing crucial next steps. 'As this unfolds, we'll have some sort of corrective action plan. These allegations are very troubling. They're very disturbing. I think the best thing that we can do as leaders is one: show and support our department and let them know that operations are going to continue. I think also just being there for the community as well and help build and establish that trust,' Chief Eveland said. Monday afternoon, News8 spoke with one man who was born and raised in Geneva about his feelings surrounding the situation. 'I'm going to court now, that's why I'm here; anybody that's going to court is innocent until proven guilty. So he got to handle his scandal,' says Darnell Dye, adding, 'I don't think it changes how I feel about the police. I always felt the same about them. I guess now he know what it feels like to be on the other side, I guess.' Michael Tapscott is due back in court in the Town of Geneva on Wednesday, May 14. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
09-05-2025
- Yahoo
Two more Geneva PD members on leave ahead of criminal investigation
ROCHESTER, N.Y. (WROC) — Two additional members of the Geneva Police Department have been placed on administrative leave ahead of a criminal investigation by the Ontario County Sheriff's Office, a release from the Geneva Police Department confirmed Friday. Chief Ronald Eveland said the placement of the members on leave stems from Wednesday's announcement that 13-year-veteran Officer Michael Tapscott was placed on leave pending an investigation and subsequent arrest. Former Geneva police officer accused of selling drugs while on duty Officer Tapscott submitted a letter of resignation to Geneva Police Tuesday before he was charged with criminal sale of a controlled substance in the fifth degree, and official misconduct relating to the sale of a form of Adderall. It's alleged this happened while the officer was on duty and operating a police car. 'If true, the allegation against Mr. Tapscott is deeply unsettling. However, we trust and faith in our judicial system to conduct a thorough investigation resulting in the appropriate outcome,' Chief Eveland said in a statement. 'This is an extremely difficult time not only for our police department family, but for the Geneva community and for any innocent parties involved.' The Ontario County Sheriff's Office released a statement shortly after Chief Eveland's letter to the community. 'We understand that the allegations in this case are troubling, and the public wants to know the extent of criminality involved.' Sheriff David Cirencione said in a statement. The Ontario County Sheriff's Office remains committed to conducting a thorough, unbiased investigation, and we are going to continue to pursue our findings, wherever they lead. Further information will continue to be released as appropriate to maintain the integrity of the investigative process.' Sheriff Cirencione urged anyone with information relating to the case to contact or utilize 'Submit a Tip' on the 'OntarioSheriffNY' mobile app. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
14-04-2025
- Automotive
- Yahoo
Ex-Tesla engineers launch luxury electric sports car startup: 'Making every effort to make cars available ... as quickly as possible'
Looks like Tesla needs to watch its back. Longbow, a U.K.-based startup, will release "featherweight" electric sports cars that you can ride in style without worrying so much about your carbon footprint. The company was founded by Jenny Keisu, Daniel Davey, and Mark Tapscott, two of whom are Tesla alumni. Davey, per his LinkedIn, "had two stints at Tesla commercialising the Roadster and then scaling with the Model 3." Tapscott worked at Tesla for seven years, where he successfully launched products and said he "got shouted at by Elon (a lot)." They have developed two models, the Speedster and the Roadster, which are set to be released next year. So far, only U.K. customers can make reservations. The Speedster, which is scheduled to be released first, costs over $110,000. Only 150 models will be made, making it the more exclusive of the two. The Roadster is a bit cheaper, at around $84,000. A set number of models hasn't been announced yet, though Longbow has hinted at a much larger production scale. Both cars will have 240-kilowatt motors. This would put them in direct competition with Tesla, whose second-generation Roadster — though delayed for five years and counting — is rumored to be released sometime this year. (And yes — that is the same name.) Regardless of the manufacturer, electric vehicle sales have been steadily increasing since 2016, with over 1 million being sold in the U.S. alone in 2024. Thanks to cheaper routine maintenance costs and lower pollution rates, people everywhere want to make their next car an EV. If you want to take the Roadster for a spin but live outside the U.K., don't worry. While Longbow's cars will only be available in the U.K. upon release, the company plans to expand. Tapscott told Forbes: "Whilst launching in our home country and Europe, we will be making every effort to make cars available as widely and as quickly as possible." If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
07-03-2025
- Business
- Yahoo
Trump's upcoming crypto summit is in focus. Here are catalysts that could refuel bitcoin's rally.
Welcome back to Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. President Donald Trump will host his first White House crypto summit this Friday. However, it may not be enough to lift up bitcoin's price, which has struggled lately as concerns around tariffs weigh on all risk assets, some analysts noted. The U.S. dollar is sending an alarming signal to investors and consumers My husband gave his credit card to his son to pay for 'medical bills.' Does this kind of support send the wrong message? I signed a prenup, but my husband refuses to make a will or set up a trust. If he dies, will I inherit his estate? This stock should rally due to Trump and AI. These charts hint it will soon. Some market signals aren't working like they used to. Here's the one to watch. Bitcoin BTCUSD climbed above $94,000 last Sunday, after Trump said his proposed crypto reserve would include not only bitcoin and ether ETHUSD but also XRP XRPUSD, solana SOLUSD and cardano ADAUSD. However, the largest cryptocurrency by market capitalization erased all its gains one day later and tumbled below $83,000 on Tuesday. It rebounded to trade near $90,000 on Wednesday, albeit still more than 17% off its record high at $109,225 reached on Jan. 20, the day of Trump's inauguration. Bitcoin has been trading mostly in lockstep with stocks for the past few days, though many bitcoin bulls hope the crypto will eventually been seen as a store-of-value asset. For bitcoin to potentially resume its rally, investors will first need to see market sentiment stabilize, according to Alex Tapscott, managing director and portfolio manager at Canadian alternative investment manager Ninepoint Partners. Investors have been selling risk assets and seeking safe havens amid worries that Trump's tariff plans might lead to a reheating of inflation, which may hinder the Federal Reserve from cutting its key interest rate this year. 'From time to time, I can see a scenario where the stock market is flat while bitcoin is doing very well. I cannot see a scenario where the stock market is crashing and bitcoin is doing well,' Tapscott said. U.S. stocks ended sharply higher on Wednesday after Trump said he would grant a one-month exemption from new tariffs on automobile imports from Mexico and Canada. Meanwhile, while crypto investors had celebrated Trump's executive order setting up a crypto working group — which is expected to propose a federal regulatory framework governing the issuance and operation of digital assets — they are still waiting for concrete legislation. Such legislation, if it materializes, may heighten institutional adoption, which could serve as the real catalyst for crypto's next rally, noted Tapscott. Trump's crypto policies. Tapscott said he thinks it's unlikely that Trump's crypto summit on Friday will trigger significant price action for bitcoin. 'I think the market is going to learn with time to start to discount presidential proclamations,' Tapscott said in a phone interview. 'I frankly don't think the U.S. president or anyone needs to be coming out with big proclamations constantly. What they need to do is focus on the hard work of creating a policy framework that will allow the industry to grow and to develop in the United States. I don't know if that's something that they will announce at this meeting.' Attendees of the meeting will include executives of crypto companies such as Coinbase COIN, Chainlink and Exodus EXOD, according to a CoinDesk report. Investors are more focused on potential legislation that may incentivize more mainstream companies and investors to embrace crypto, Tapscott said. Notably, they are watching whether Congress will pass a bipartisan stablecoin bill introduced last month by Sens. Bill Hagerty of Tennessee, Tim Scott of South Carolina, Kirsten Gillibrand of New York and Cynthia Lummis of Wyoming, which could open the pathway for more financial institutions to issue their own stablecoins. Stablecoin are cryptocurrencies that have their value pegged to another asset, such as fiat currencies like the U.S. dollar or commodities. The bill aims to establish a regulatory framework for stablecoins and their issuers. It proposes that financial institutions that issue stablecoins with a market value of $10 billion or more be overseen by the Federal Reserve, while the Office of the Comptroller of the Currency would oversee nonbank issuers of payment stablecoins. Crypto investors are also hoping that the Securities and Exchange Commission will approve more exchange-traded products investing in crypto. Notably, they are waiting to see if the agency will approve ETFs investing in smaller tokens such as solana, XRP and cardano, and if it will allow ether ETFs to stake the ether they hold, locking up the crypto for a yield. They are also watching whether the SEC will approve ETFs that invest in a basket of crypto assets, which could allow investors to diversify their crypto investments through their traditional brokerage accounts, Tapscott noted. Bitcoin BTCUSD rose 8% over the past seven days to trade at around $90,342 at last check Wednesday. Ether ETHUSD fell 4.3% over the past seven days to around $2,236, according to Dow Jones Market Data. Wall Street's biggest bear says the S&P 500 could drop to 4,200. Here's his advice for right now. 'I'm an endless honey pot': My wife and I are in our 70s. We gave our son $40,000 for his L.A. wedding. Now he wants more. 'Why am I so afraid to retire?' I'm 60 and lost $1.2 million in a divorce. Can I rebuild my life? 'My retirement is going to be a disaster': I'm 59 and have $45,000 in my 401(k). I earn $72,000. Am I doomed? I'm 69 and only have $121,000 in my 401(k). How can I repair the damage of the past? Sign in to access your portfolio
