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Roger Stone: Trump commutes ex-adviser’s sentence

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US President Donald Trump has commuted the prison sentence of his former adviser Roger Stone.

The announcement came just after the Washington DC Court of Appeals denied Stone’s request to delay the start date of his custodial term of 40 months.

He was convicted of lying to Congress, obstruction and witness tampering.

Stone was the sixth Trump aide found guilty on charges linked to a justice department probe that alleged Russia tried to boost the Trump 2016 campaign.

The 67-year-old had been due to report to a federal prison in Jesup, Georgia, next Tuesday.

What did the president say?

The White House said in a statement: “Roger Stone is a victim of the Russia Hoax that the Left and its allies in the media perpetuated for years in an attempt to undermine the Trump Presidency.”

It said that Department of Justice prosecutors under special counsel Robert Mueller only charged Stone out of frustration after failing to prove the “fantasy” that the Trump campaign had colluded with the Kremlin.

“This is why the out-of-control Mueller prosecutors, desperate for splashy headlines to compensate for a failed investigation, set their sights on Mr Stone,” said the statement. 

The White House also suggested that the FBI had tipped off CNN about their pre-dawn raid on Stone’s house, noting that a camera crew for the cable network was on the scene to record the arrest.

“Roger Stone has already suffered greatly,” the statement said. “He was treated very unfairly, as were many others in this case.  Roger Stone is now a free man!” 

Mr Trump had been hinting about a reprieve for Stone for months, including on Thursday night in an interview with a Fox News host.

Helping a loyal friend, critics be damned

It’s hard to say the president’s decision to grant clemency to his long-time friend and political counsellor is surprising, but it’s still jarring. Even though the president has called the special counsel investigation that prosecuted Stone a sham and a partisan witch hunt, Stone was duly convicted of serious crimes.

Meanwhile, Stone’s active lobbying for a commutation, recently saying that he could have “easily” turned on the president to avoid trial, was unseemly at best.

Mr Trump is not the first president to issue controversial pardons or commutations for friends and associates, of course. Most of his predecessors, however, waited until the last days of their presidency to take such actions, as they knew the political firestorms they would generate.

Mr Trump, on the other hand, seems to relish the controversy. Like much of his time in office, his actions are done with an eye toward a base that views instigating political opponents as an end to itself.

While the action will be sharply criticised, at this point in the Trump presidency his critics and his allies appear pretty much set in stone. Giving Stone a reprieve won’t win Mr Trump any new support, but that’s not the point. He’s helping a loyal friend, critics be damned.

What’s the reaction?

Stone told the Associated Press news agency that Mr Trump had called him earlier on Friday to let him about the commutation.

The political adviser said he was celebrating in Fort Lauderdale, Florida, with his friends and drinking champagne.

But House of Representatives Intelligence Committee Chairman Adam Schiff condemned Mr Trump’s clemency.

“With this commutation,” said the top Democratic lawmaker, “Trump makes clear that there are two systems of justice in America: one for his criminal friends, and one for everyone else.”

Democratic National Committee Chair Tom Perez said: “Is there any power Trump won’t abuse?”

Democratic Senator Elizabeth Warren said it showed Donald Trump was the most corrupt president in history.

But the president’s personal lawyer, Rudy Giuliani, welcomed the news, saying Roger Stone’s sentence was draconian.

The president has been accused by political critics of undermining the justice system by criticising criminal cases against Stone and other former aides.

Mr Trump has also publicly groused about the prosecutions of onetime campaign chairman Paul Manafort and former White House National Security Adviser Michael Flynn.

What was Stone convicted of?

The president’s commutation does not void a criminal conviction as a pardon does.

Stone was found guilty of lying to the House Intelligence Committee about his attempts to contact Wikileaks, the website that released damaging emails about Mr Trump’s 2016 Democratic election rival Hillary Clinton.

US intelligence officials have concluded the messages were stolen by Russian hackers.

Stone had acknowledged during the 2016 campaign that he was in contact with Wikileaks founder Julian Assange.

He also intimated that he knew the website would disclose more than 19,000 emails hacked from the Democratic National Committee servers.

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Stone’s sentence fell short of an initial seven-to-nine-year recommendation from prosecutors.

In a remarkable move, US Attorney General William Barr had overruled that sentencing guideline following a Trump tweet, and instead recommended a more lenient punishment.

That intervention led to the entire Stone prosecution team resigning from the case.

Who is Roger Stone?

Stone has worked with Republicans since the 1970s and has a tattoo of Richard Nixon on his back.

In the 1990s, Stone worked as a lobbyist for Mr Trump’s casino business, and later helped Mr Trump’s unsuccessful White House run in 2000.

According to the Netflix documentary Get Me Roger Stone, the strategist reportedly encouraged Mr Trump to run for the presidency again.

Source: https://www.bbc.co.uk/news/world-us-canada-53371756

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Security and Sustainability Forum-With Hazel Henderson and Claudine Schneider. 10/22/2020

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Steering Societies Beyond GDP to the SDGs

With Hazel Henderson and Claudine Schneider

October 22, 2020

1:15 pm to 2:15 pm EDT

The next webinar in the SSF series, with ecological economist and futurist Hazel Henderson, will address how the UN SDGs can and should replace GDP as the basis for valuing society leading to an economy based on planet protection and human wellbeing. Claudine Schneider is Hazel’s guest.

GDP accounts for all the public expenditures as “debt” while ignoring the value of the assets they created. If GDP were to be corrected by including the missing asset account, these debt-to-GDP ratios would be cut by up to 50% — with a few keystrokes! Learn why money isn’t what you think it is and why that matters to life on Earth in the next two webinars with Hazel and guests.

Register

Claudine Schneider is a former Republican U.S. representative from Rhode Island. She was the first, and to date only, woman elected to Congress from Rhode Island. She is founder of Republicans for Integrity, which describes itself as a network of “Republican former Members of Congress who feel compelled to remind Republican voters about the fundamentals of our party and to provide the facts about incumbents’ voting records.”

October 22nd webinar with Claudine Schneider and Hazel

Sincerely,

Ed.

Edward Saltzberg, PhD

Executive Director

Security and Sustainability Forum

www.ssfonline.org

[email protected]

Sincerely,

Ed.

Edward Saltzberg, PhD

Executive Director

Security and Sustainability Forum

www.ssfonline.org

Source: https://www.ethicalmarkets.com/63564-2/

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The Briefing: RVShare raises over $100M, Google disputes charges, and more

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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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RVShare raises over $100M for RV rentals

RVShare, an online marketplace for RV rentals, reportedly raised over $100 million in a financing led by private equity firms KKR and Tritium Partners.

Akron, Ohio-based RVShare has seen sharp growth in demand amid the pandemic, as more would-be travelers seek socially distanced options for hitting the road. Founded in 2013, the company matches RV owners with prospective renters, filtering by location, price and vehicle types.

Previously, RVShare had raised $50 million in known funding, per Crunchbase data, from Tritium Partners. The company is one of several players in the RV rental space, and competes alongside Outdoorsy, a peer-to-peer RV marketplace that has raised $75 million in venture funding.

Funding news

  • BrightFarms closes on $100M: Indoor farming company BrightFarms said it secured more than $100 million in debt and new equity capital to support expansion plans. The Series E round of funding was led by Cox Enterprises, which now owns a majority stake in the company, and includes a follow-on investment from growth equity firm Catalyst Investors.
  • Anyscale inks $40MAnyscale, the Berkeley-based company behind the Ray open source project for building applications, announced $40 million in an oversubscribed Series B funding round. Existing investor NEA led the round and was joined by Andreessen Horowitz, Intel Capital and Foundation Capital. The new funding brings Anyscale’s total funding to more than $60 million.
  • Klar deposits $15M: Mexican fintech Klar closed on $15 million in Series A funding, led by Prosus Ventures, with participation from new investor International Finance Corporation and existing investors Quona Capital, Mouro Capital and Acrew. The round brings total funding raised to approximately $72 million since the company was founded in 2019. The funds are intended to grow Klar’s engineering capabilities in both its Berlin and Mexico hubs.
  • O(1) Labs rakes in $10.9M: O(1) Labs, the team behind the cryptocurrency Mina, announced $10.9 million in a strategic investment round. Co-leading the round are Bixin Ventures and Three Arrows Capital with participation from SNZ, HashKey Capital, Signum Capital, NGC Ventures, Fenbushi Capital and IOSG Ventures.
  • Blustream bags $3M: After-sale customer engagement company Blustream said it raised $3 million in seed funding for product usage data and digital transformation efforts for physical goods companies via the Blustream Product Experience Platform. York IE led the round of funding for the Worcester, Massachusetts-based company with additional support from existing investors.Pillar secures another $1.5M: Pillar, a startup that helps families protect and care for their loved ones, raised $1.5 million in a seed extension to close at $7 million, The round was led by Kleiner Perkins.

Other news

  • Google rejects DOJ antitrust arguments: In the wake of a widely anticipated U.S. Justice Department antitrust suit against Google, the search giant disputed the charges in a statement, maintaining that: “People use Google because they choose to, not because they’re forced to, or because they can’t find alternatives.”
  • Facebook said to test Nextdoor rival: Facebook is reportedly testing a service similar to popular neighborhood-focused social Nextdoor. Called Neighborhoods, the feature reportedly suggests local neighborhood groups to join on Facebook.

Illustration: Dom Guzman

Venture investors and leaders in the fintech space can visualize a future where such startups will move toward again rebundling services.

Root Inc., the parent company of Root Insurance, launched its initial public offering and is looking at a valuation of as much as $6.34 billion.

Clover Health posted rising revenues and a narrower loss in its most recent financial results, published in advance of a planned public market debut.

Crunchbase News’ top picks of the news to stay current in the VC and startup world.

Source: https://news.crunchbase.com/news/briefing-10-21-20/

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Syte Sees $30M Series C For Product Discovery

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Online shopping has become the norm for most people in 2020, even coaxing traditional retail brands to up their presence to stay competitive. However, now that shoppers can’t see and touch products like they used to, e-commerce discovery has become a crucial element for customer acquisition and retention.

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Enter Syte, an Israel-based company that touts creating the world’s first product discovery platform that utilizes the senses, such as visual, text and voice, and then leverages visual artificial intelligence and next-generation personalization to create individualized and memorable customer experiences, Syte co-founder and CEO Ofer Fryman told Crunchbase News.

To execute on this, the company raised $30 million in Series C funding and an additional $10 million in debt. Viola Ventures led the round and was joined by LG Technology Ventures, La Maison, MizMaa Ventures and Kreos Capital, as well as existing investors Magma, Naver Corporation, Commerce Ventures, Storm Ventures, Axess Ventures, Remagine Media Ventures and KDS Media Fund.

This brings the company’s total fundraising to $71 million since its inception in 2015. That includes a $21.5 million Series B, also led by Viola, in 2019, according to Crunchbase data.

Fryman intends for the new funding to be put to work on product enhancements and geographic expansion. Syte already has an established customer base in Europe, the Middle East and Africa, and will now focus expansion in the U.S. and Asia-Pacific.

Meanwhile, Syte has grown 22 percent quarter over quarter, as well as experienced a 38 percent expansion of its customer base since the beginning of 2020.

“Since we crossed $1 million annual recurring revenue, we have been tripling revenue while also becoming more efficient,” Fryman said. “We can accelerate growth as well as build an amazing technology and solution for a business that needs it right now. We plan to grow further, and even though our SaaS metrics are excellent right now, our goal is to improve them.”

Anshul Agarwal, managing director at LG Technology Ventures, said Syte was an attractive investment due in part to its unique technology.

“They have a deep-learning system and have created a new category, product discovery that will enable online shopping in a way we never had the ability to do before,” Agarwal said. “The product market fit was also unique. We believe in the strong execution by the team and the rapid growth in SaaS. We looked at many different companies, and the SaaS metrics that Syte showed are the strongest we’ve seen in a while.”

Illustration: Li-Anne Dias

Venture investors and leaders in the fintech space can visualize a future where such startups will move toward again rebundling services.

Root Inc., the parent company of Root Insurance, launched its initial public offering and is looking at a valuation of as much as $6.34 billion.

Clover Health posted rising revenues and a narrower loss in its most recent financial results, published in advance of a planned public market debut.

Crunchbase News’ top picks of the news to stay current in the VC and startup world.

Source: https://news.crunchbase.com/news/syte-sees-30m-series-c-for-product-discovery/

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