Sentences with phrase «illegal fundraising»

"Illegal fundraising" refers to the act of collecting money or financial resources in a way that goes against the law. It involves gathering funds through methods that are prohibited, unauthorized, or not compliant with legal regulations. Full definition
«Some engaged in illegal fundraising for illegal and criminal activities under the guise of funds, cheating the public,» the note added.
The plea capped a controversial four year tenure in Congress, most of which Grimm spent under the shadow of a federal investigation initially focused on allegations of illegal fundraising in his 2010 campaign.
Manhattan DA Cyrus Vance, Jr. confirmed that his office received a letter from the state Board of Elections in mid-January referring possible illegal fundraising activities by de Blasio's team during the 2014 state Senate races.
HARTFORD — The office of the U.S. Attorney is convening a criminal grand jury to investigate claims of illegal fundraising by the state Democratic Party for the benefit of Gov. Dannel P. Malloy.
In total, police have estimated losses of at least 455 million yuan ($ 70 million) and issued 23 arrest warrants for illegal fundraising by people in China.
Manhattan DA Cyrus Vance, Jr. confirmed Monday that his office received a letter from the state Board of Elections in mid-January referring possible illegal fundraising activities by Mayor Bill de Blasio's team during the 2014 state Senate races.
The PBoC also forbids organizations and individuals from engaging in «Illegal Fundraising through Coin Offering.»
The association names illegal fundraising among the ranks of criminal activities, such as money laundering, drug trafficking, and smuggling, that it links to virtual currency.
First there is a 30 - second «explanation» and a 10 - second one that runs through the already aired allegations of being connected to alleged illegal fundraising, the gun incident described in The New Yorker, etcetera.
Avella's kickoff today comes as state and federal grand juries contemplate evidence that the mayor and / or certain of his political aides may have engaged in illegal fundraising tactics and pay - to - play schemes with large real estate donors.
Caixin alleged that the People's Bank of China has concluded that «more than 90 % ICO projects could be violating illegal fundraising or fund fraud laws», alleging that «the percent [age] of projects that [are] actually raising funds for investments is less than 1 %».
Red Pulse (RPX) had to take this step to comply with Chinese government's new set of guidelines to crack down on illegal fundraising.
In attempting to head off allegations of illegal fundraising, he may have implicated Trump in an entirely different violation of federal law.
Continuing to partner with Grimm to raise money while he's under investigation for illegal fundraising is mind boggling.»
The draft rule also clarifies that the parties involved in illegal fundraising activities will be responsible for their own losses.
«Some engaged in illegal fundraising for illegal and criminal activities under the guise of funds.»
The group said they consider crypto token sales to be «an unauthorized and illegal public financing activity, which involves financial crimes such as the illegal distribution of financial tokens, the illegal issuance of securities and illegal fundraising, financial fraud and pyramid scheme.»
So, this happened: China bans initial coin offerings calling them «illegal fundraising» — BBC «The People's Bank of China has declared initial coin offerings (ICOs) illegal and wants them to «cease immediately».»
Beijing has defined ICO's as an illegal fundraising tool because they are afraid that cryptocurrency encourage financial crimes such as money laundering, causing companies within the country to look for other place that will allow them to promote and grow their ICO without the fear of legal consequences.
ICYMI: During an interview with my NY1 colleague Errol Louis on «Inside City Hall» last night, embattled Rep. Michael Grimm continued to defend himself against allegations in the New York Times that he engaged in illegal fundraising and questionable business practices.
Earlier this month, two former Liu aides were convicted for their part in an illegal fundraising scheme.
What about Clinton's illegal fundraising activities over the last decade?
Meanwhile, City Comptroller John Liu was able to raise $ 513,000 over the past six months, even after his campaign was hit by a federal investigation into allegations of illegal fundraising, including the arrest of one of his campaign funding bundlers.
Scandal - scarred City Comptroller John Liu, facing his first major test of strength since his campaign was hit by a federal investigation into allegations of illegal fundraising, held a packed birthday bash Monday night at the posh City Hall Restaurant.
On Monday afternoon, independent mayoral candidate Bo Dietl, a former police detective, stood outside the U.S. District Court for the Southern District of New York in Lower Manhattan and called on U.S. Attorney General Jeff Sessions and the Public Integrity Section of the U.S. Department of Justice to reopen an investigation into what he claims has been de Blasio's illegal fundraising.
Let's see they are 37th in job growth, their Charter School movement has produced nada, their Governor has lead a illegal fundraising enterprise out of the Capital, I could go on and on with the list of FOX News type of propaganda but I think you are getting the picture of the fraud that is the Wisconsin Moment.
Fraud, illegal fundraising, hacking, speculation and manipulation of market prices were mentioned in a long list.
Such offerings, in essence, are unauthorized and illegal public fundraising and are suspected of involving in criminal activities such as illegal selling of tokens, illegal issuance of securities, illegal fundraising, financial fraud and pyramid schemes... From the date of release of this Notice, fundraising through coin offering shall be banned immediately.
Last week, the Chinese central bank, the People's Bank of China (PBoC), temporarily suspended all initial coin offerings (ICOs) and officially declared ICO as an illegal fundraising method.
In his interview with CCTV translated by Box Mining, Bing explained that the suspension on ICOs and the government's declaration of ICOs as an illegal fundraising method are only temporary, until local financial regulators introduce necessary regulatory frameworks and policies for both ICO investors and projects.
NIFA has raised concerns over the use of this «virtual currency» as a primary tool to carry out all the nefarious and criminal activities like money laundering, drug trafficking, illegal fundraising, and others.
In a statement released today, China's National Internet Finance Association (NIFA) asserted that cryptocurrencies like bitcoin have become a tool for speculation among investors, while also serving as a payment conduit for illegal fundraising and money laundering.
Bing explained that the suspension on ICOs and the government's declaration of ICOs as an illegal fundraising method are only temporary until local financial regulators introduce necessary regulatory frameworks and policies for both ICO investors and projects.
The directive corresponds with recent moves by Chinese regulators to crack down on initial coin offerings (ICOs), declaring the funding model to constitute a form of illegal fundraising, and the country's bitcoin exchange ecosystem more broadly.
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