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criscimagnael

Iran Seizes Two Greek Tankers in Persian Gulf - The New York Times - 0 views

www.nytimes.com/...iran-seizes-greek-tankers.html

shared by criscimagnael on 01 Jun 22 - No Cached
  • The cargo of Iranian oil was then handed over to the United States for being in violation of American sanctions that ban Iran from selling its oil, according to Iranian news media, a claim that could not be independently verified.
  • Iranian oil and energy experts said Iran’s seizure of the ships was a signal to Washington that Iran would toughen its stance if the Biden administration returned to Trump-era policies of maximum pressure and began seizing tankers and crude oil cargo belonging to Iran.
  • Greece’s Foreign Ministry said in a statement that Iran’s actions on Friday were “tantamount to acts of piracy” and would have a negative impact on Iran-Greece relations, as well as Iran’s relations with the European Union, of which Greece is a member. It advised its citizens not to travel to Iran.
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  • “The main purpose is to send a clear message to the West that future seizures of oil tankers will be met with a response in kind,” said Sina Azodi, an Iran analyst at the Atlantic Council in Washington.
  • Iranian news media said the two vessels had an estimated combined capacity to carry 1.8 million barrels of oil and that their cargo was now in Iran’s possession.
  • Iran has a history of the retaliatory seizing of oil tankers in the Persian Gulf and the Strait of Hormuz in response to ships carrying its oil being stopped or confiscated. But the incident on Friday marked the first time in months that a foreign-flagged vessel was targeted by Iran.
  • The shadow war between Iran and Israel has also played out in the waters of the Persian Gulf, with the West accusing Iran of a drone attack on an Israeli-affiliated tanker that killed two European crew members in 2021. Iran denied it had a role in the attack
lilyrashkind

Live updates: Latest news on Russia and the war in Ukraine - 0 views

www.cnbc.com/...ssia-ukraine-live-updates.html

ukraine russia

shared by lilyrashkind on 01 Jun 22 - No Cached
  • U.S. President Joe Biden has pledged to send Ukraine more advanced rocket systems and munitions to more precisely strike key targets on the battlefield. The White House had been hesitant to send the weapons, which have long been requested by Kyiv.Ukrainian President Volodymyr Zelenskyy has described Russian bombing in the front-line eastern city of Sievierodonetsk as “insanity” given the presence of a large-scale chemical plant.Residents of Sievierodonetsk have been warned not to leave bomb shelters due to the risk posed by toxic fumes.
  • “We believe that the U.S. is deliberately pouring oil on the fire. The U.S. is obviously holding the line that it will fight Russia to the last Ukrainian,” Peskov told reporters, according to Reuters.His comments echo those made by Russian Deputy Foreign Minister Sergei Ryabkov who had claimed President Joe Biden’s administration increased the risk of direct clashes between Moscow and Washington by supplying rockets to Ukraine.— Sam Meredith
  • Scholz said Germany had been “delivering continuously since the beginning of the war”, pointing to more than 15 million rounds of ammunition, 100,000 grenades and over 5,000 anti-tank mines sent to Ukraine since Russia invaded the country on Feb. 24.
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  • His comments come as Russian forces continue their offensive in the Donbas region. The Donbas refers to the two eastern Ukrainian regions of Luhansk and Donetsk — a major strategic, political and economic target for the Kremlin.
  • Speaking at his general audience to thousands of people in St. Peter’s Square, he said the block should be lifted because many millions of people depend on wheat from Ukraine, particularly in the world’s poorest countries.
  • Speaking to the RIA Novosti news agency, Ryabkov said of U.S. foreign policy that “the remnants of a responsible, sound approach to the situation have simply been scrapped.”
  • OPEC and non-OPEC countries are scheduled to discuss the next phase of production policy on Thursday.
  • Speaking in an evening address to the nation, Zelenskyy said the cities of Sievierodonetsk, Lysychansk, and Kurakhove are now at the epicenter of the confrontation.“Given the presence of large-scale chemical production in Sievierodonetsk, the Russian army’s strikes there, including blind air bombing, are insanity,” he said.“But on the 97th day of such a war, it is no longer surprising that for the Russian military, for Russian commanders, for Russian soldiers, any madness is absolutely acceptable.”
  • On average, more than 2 children are killed and more than 4 are injured every day in Ukraine due mostly to attacks using explosive weapons in populated areas, according to reports verified by the Office of the United Nations High Commissioner for Human Rights.Civilian infrastructure critical for children, including 256 health facilities and hundreds of schools, have also been damaged or destroyed in the war.
  • U.S. officials have been hesitant to send MLRS to Ukraine over concerns that Russia may view it as an escal
Javier E

REVIEW: Chuck Klosterman's 'The Nineties' is a Mind-Bending Look at a Pivotal Decade - ... - 0 views

www.thenationalbookreview.com/...nding-look-at-a-pivotal-decade

1990s history politics culture economics

shared by Javier E on 25 Feb 23 - No Cached
  • The Nineties by Chuck Klosterman is truly a wonder.  On the face of it it is a series of essays, both short and long, that attempt to make some sense of the 1990’s in the United States.  But if you were looking for a dry rendition of those ten years, you are looking in the wrong place with this book.
  • What one ends up with Klosterman is a work of synthesis, that is both funny and thoughtful and ultimately a wild ride through the mind of a highly intelligent and amusing political, historical and sociological chronicler.
  • Klosterman the author sees the Nineties life as more than any person or event but as an adversarial relationship between people without the unseemliness of their seeming to try too hard.  This was no doubt the case due to the fact that it was an easy time to live before the rise of polarizing issues.  At this time there was no way to verify facts but then again it wasn’t considered essential.  American life was underwhelming.  We controlled technology rather than they us.  It was the golden age of newspapers and we had a collective obsession with popular culture.  The Berlin Wall had come down and the Soviet Union had dissolved.  What could possibly go wrong?
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  • a new generation was coming to the fore.  This generation had been born between 1965 and 1980 constituting some 65 million individuals.  Self- righteous outrage that had not been considered cool in an earlier generation had begun to change to more than acceptable.
  • America had been consumed with non-stories while ignoring foreboding signs of impending danger for some time.  The decade would end according to Klosterman, not with the last day of the decade but in 2001.  The Nineties collapsed with the World Trade Center Towers.
  • it is wise yet humorous, thoughtful yet fun, insightful yet unpredictable. So, if you are interested in reliving the decade in a totally unconventional manner, I would suggest you read it with your seatbelt on, because you are in for a bumpy ride.
kennyn-77

U.N. investigates reports of migrant mass graves in Libya | Reuters - 0 views

www.reuters.com/...t-mass-graves-libya-2022-03-28

libya mass graves migration

shared by kennyn-77 on 30 Mar 22 - No Cached
  • U.N. investigators are seeking to verify reports of mass graves thought to contain the corpses of migrants at a trafficking hub in Libya, they said in a report published on Monday that also documented incidents of rape, murder and torture.
  • Libya has been in turmoil for a decade following a 2011 NATO-backed uprising. A comparative lull in east-west fighting has set in since 2020 but U.N.-backed efforts to organise elections as part of a peace process collapsed in December, intensifying a political crisis.
Javier E

Elon Musk, Other AI Experts Call for Pause in Technology's Development - WSJ - 0 views

www.wsj.com/...technologys-development-56327f

ai control competition competitiveness

shared by Javier E on 02 Apr 23 - No Cached
  • Calls for a pause clash with a broad desire among tech companies and startups to double down on so-called generative AI, a technology capable of generating original content to human prompts. Buzz around generative AI exploded last fall after OpenAI unveiled a chatbot with its ability to perform functions like providing lengthy answers and producing computer code with humanlike sophistication. 
  • Microsoft has embraced the technology for its Bing search engine and other tools. Alphabet Inc.’s Google has deployed a rival system, and companies such as Adobe Inc., Zoom Video Communications Inc. and Salesforce Inc. have also introduced advanced AI tools.
  • “A race starts today,” Microsoft CEO Satya Nadella said last month. “We’re going to move, and move fast.”
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  • “It is unfortunate to frame this as an arms race,” Mr. Tegmark said. “It is more of a suicide race. It doesn’t matter who is going to get there first. It just means that humanity as a whole could lose control of its own destiny.” 
  • Messrs. Musk and Wozniak have both voiced concerns about AI technology. Mr. Musk on Wednesday tweeted that developers of the advanced AI technology “will not heed this warning, but at least it was said.”
  • Yann LeCun, chief AI scientist at Meta Platforms Inc., on Tuesday tweeted that he didn’t sign the letter because he disagreed with its premise. 
  • Mr. Mostaque, Stability AI’s CEO, said in a tweet Wednesday that although he signed the letter, he didn’t agree with a six-month pause. “It has no force but will kick off an important discussion that will hopefully bring more transparency & governance to an opaque area.”
  • Mr. Tegmark said many companies feel “crazy commercial pressures” to add advanced AI technology into their products. A six-month pause would allow the industry “breathing room,” without disadvantaging ones that opt to move carefully
  • The letter said a pause should be declared publicly and be verifiable and all key actors in the space should participate. “If such a pause cannot be enacted quickly, governments should step in and institute a moratorium,” it said
  • AI labs and experts can use this time to develop a set of shared safety rules for advanced AI design that should be audited and overseen by outside experts, the authors wrote.
  • “I don’t think we can afford to just go forward and break things,” said Mr. Bengio, who shared a 2018 Turing award for inventing the systems that modern AI is built on. “We do need to take time to think through this collectively.”
Javier E

See How Real AI-Generated Images Have Become - The New York Times - 0 views

www.nytimes.com/...ai-generated-images.html

AI images trust fake implications

shared by Javier E on 10 Apr 23 - No Cached
  • The rapid advent of artificial intelligence has set off alarms that the technology used to trick people is advancing far faster than the technology that can identify the tricks. Tech companies, researchers, photo agencies and news organizations are scrambling to catch up, trying to establish standards for content provenance and ownership.
  • The advancements are already fueling disinformation and being used to stoke political divisions
  • Last month, some people fell for images showing Pope Francis donning a puffy Balenciaga jacket and an earthquake devastating the Pacific Northwest, even though neither of those events had occurred. The images had been created using Midjourney, a popular image generator.
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  • Authoritarian governments have created seemingly realistic news broadcasters to advance their political goals
  • Experts fear the technology could hasten an erosion of trust in media, in government and in society. If any image can be manufactured — and manipulated — how can we believe anything we see?
  • “The tools are going to get better, they’re going to get cheaper, and there will come a day when nothing you see on the internet can be believed,” said Wasim Khaled, chief executive of Blackbird.AI, a company that helps clients fight disinformation.
  • Artificial intelligence allows virtually anyone to create complex artworks, like those now on exhibit at the Gagosian art gallery in New York, or lifelike images that blur the line between what is real and what is fiction. Plug in a text description, and the technology can produce a related image — no special skills required.
  • Midjourney’s images, he said, were able to pass muster in facial-recognition programs that Bellingcat uses to verify identities, typically of Russians who have committed crimes or other abuses. It’s not hard to imagine governments or other nefarious actors manufacturing images to harass or discredit their enemies.
  • In February, Getty accused Stability AI of illegally copying more than 12 million Getty photos, along with captions and metadata, to train the software behind its Stable Diffusion tool. In its lawsuit, Getty argued that Stable Diffusion diluted the value of the Getty watermark by incorporating it into images that ranged “from the bizarre to the grotesque.”
  • Getty’s lawsuit reflects concerns raised by many individual artists — that A.I. companies are becoming a competitive threat by copying content they do not have permission to use.
  • Trademark violations have also become a concern: Artificially generated images have replicated NBC’s peacock logo, though with unintelligible letters, and shown Coca-Cola’s familiar curvy logo with extra O’s looped into the name.
  • The threat to photographers is fast outpacing the development of legal protections, said Mickey H. Osterreicher, general counsel for the National Press Photographers Association
  • Newsrooms will increasingly struggle to authenticate conten
  • Social media users are ignoring labels that clearly identify images as artificially generated, choosing to believe they are real photographs, he said.
  • The video explained that the deepfake had been created, with Ms. Schick’s consent, by the Dutch company Revel.ai and Truepic, a California company that is exploring broader digital content verification
  • The companies described their video, which features a stamp identifying it as computer-generated, as the “first digitally transparent deepfake.” The data is cryptographically sealed into the file; tampering with the image breaks the digital signature and prevents the credentials from appearing when using trusted software.
  • The companies hope the badge, which will come with a fee for commercial clients, will be adopted by other content creators to help create a standard of trust involving A.I. images.
  • “The scale of this problem is going to accelerate so rapidly that it’s going to drive consumer education very quickly,” said Jeff McGregor, chief executive of Truepic
  • Adobe unveiled its own image-generating product, Firefly, which will be trained using only images that were licensed or from its own stock or no longer under copyright. Dana Rao, the company’s chief trust officer, said on its website that the tool would automatically add content credentials — “like a nutrition label for imaging” — that identified how an image had been made. Adobe said it also planned to compensate contributors.
Javier E

Opinion | Our Kids Are Living In a Different Digital World - The New York Times - 0 views

www.nytimes.com/...nicotine-zyn-social-media.html

online infuencer regulation culture

shared by Javier E on 14 Jan 24 - No Cached
  • You may have seen the tins that contain 15 little white rectangles that look like the desiccant packs labeled “Do Not Eat.” Zyns are filled with nicotine and are meant to be placed under your lip like tobacco dip. No spitting is required, so nicotine pouches are even less visible than vaping. Zyns come in two strengths in the United States, three and six milligrams. A single six-milligram pouch is a dose so high that first-time users on TikTok have said it caused them to vomit or pass out.
  • We worry about bad actors bullying, luring or indoctrinating them online
  • I was stunned by the vast forces that are influencing teenagers. These forces operate largely unhampered by a regulatory system that seems to always be a step behind when it comes to how children can and are being harmed on social media.
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  • Parents need to know that when children go online, they are entering a world of influencers, many of whom are hoping to make money by pushing dangerous products. It’s a world that’s invisible to us
  • when we log on to our social media, we don’t see what they see. Thanks to algorithms and ad targeting, I see videos about the best lawn fertilizer and wrinkle laser masks, while Ian is being fed reviews of flavored vape pens and beautiful women livestreaming themselves gambling crypto and urging him to gamble, too.
  • Smartphones are taking our kids to a different world
  • Greyson Imm, an 18-year-old high school student in Prairie Village, Kan., said he was 17 when Zyn videos started appearing on his TikTok feed. The videos multiplied through the spring, when they were appearing almost daily. “Nobody had heard about Zyn until very early 2023,” he said. Now, a “lot of high schoolers have been using Zyn. It’s really taken off, at least in our community.”
  • all of this is, unfortunately, only part of what makes social media dangerous.
  • The tobacco conglomerate Philip Morris International acquired the Zyn maker Swedish Match in 2022 as part of a strategic push into smokeless products, a category it projects could help drive an expected $2 billion in U.S. revenue in 2024.
  • P.M.I. is also a company that has long denied it markets tobacco products to minors despite decades of research accusing it of just that. One 2022 study alone found its brands advertising near schools and playgrounds around the globe.
  • the ’90s, when magazines ran full-page Absolut Vodka ads in different colors, which my friends and I collected and taped up on our walls next to pictures of a young Leonardo DiCaprio — until our parents tore them down. This was advertising that appealed to me as a teenager but was also visible to my parents, and — crucially — to regulators, who could point to billboards near schools or flavored vodka ads in fashion magazines and say, this is wrong.
  • Even the most committed parent today doesn’t have the same visibility into what her children are seeing online, so it is worth explaining how products like Zyn end up in social feeds
  • influencers. They aren’t traditional pitch people. Think of them more like the coolest kids on the block. They establish a following thanks to their personality, experience or expertise. They share how they’re feeling, they share what they’re thinking about, they share stuff they l
  • With ruthless efficiency, social media can deliver unlimited amounts of the content that influencers create or inspire. That makes the combination of influencers and social-media algorithms perhaps the most powerful form of advertising ever invented.
  • Videos like his operate like a meme: It’s unintelligible to the uninitiated, it’s a hilarious inside joke to those who know, and it encourages the audience to spread the message
  • Enter Tucker Carlson. Mr. Carlson, the former Fox News megastar who recently started his own subscription streaming service, has become a big Zyn influencer. He’s mentioned his love of Zyn in enough podcasts and interviews to earn the nickname Tucker CarlZyn.
  • was Max VanderAarde. You can glimpse him in a video from the event wearing a Santa hat and toasting Mr. Carlson as they each pop Zyns in their mouths. “You can call me king of Zynbabwe, or Tucker CarlZyn’s cousin,” he says in a recent TikTok. “Probably, what, moved 30 mil cans last year?”
  • Freezer Tarps, Mr. VanderAarde’s TikTok account, appears to have been removed after I asked the company about it. Left up are the large number of TikToks by the likes of @lifeofaZyn, @Zynfluencer1 and @Zyntakeover; those hashtagged to #Zynbabwe, one of Freezer Tarps’s favorite terms, have amassed more than 67 million views. So it’s worth breaking down Mr. VanderAarde’s videos.
  • All of these videos would just be jokes (in poor taste) if they were seen by adults only. They aren’t. But we can’t know for sure how many children follow the Nelk Boys or Freezer Tarps — social-media companies generally don’t release granular age-related data to the public. Mr. VanderAarde, who responded to a few of my questions via LinkedIn, said that nearly 95 percent of his followers are over the age of 18.
  • They’re incentivized to increase their following and, in turn, often their bank accounts. Young people are particularly susceptible to this kind of promotion because their relationship with influencers is akin to the intimacy of a close friend.
  • The helicopter video has already been viewed more than one million times on YouTube, and iterations of it have circulated widely on TikTok.
  • YouTube said it eventually determined that four versions of the Carlson Zyn videos were not appropriate for viewers under age 18 under its community guidelines and restricted access to them by age
  • Mr. Carlson declined to comment on the record beyond his two-word statement. The Nelk Boys didn’t respond to requests for comment. Meta declined to comment on the record. TikTok said it does not allow content that promotes tobacco or its alternatives. The company said that it has over 40,000 trust and safety experts who work to keep the platform safe and that it prevented teenagers’ accounts from viewing over two million videos globally that show the consumption of tobacco products by adults. TikTok added that in the third quarter of 2023 it proactively removed 97 percent of videos that violated its alcohol, tobacco and drugs policy.
  • Greyson Imm, the high school student in Prairie Village, Kan., points to Mr. VanderAarde as having brought Zyn “more into the mainstream.” Mr. Imm believes his interest in independent comedy on TikTok perhaps made him a target for Mr. VanderAarde’s videos. “He would create all these funny phrases or things that would make it funny and joke about it and make it relevant to us.”
  • It wasn’t long before Mr. Imm noticed Zyn blowing up among his classmates — so much so that the student, now a senior at Shawnee Mission East High School, decided to write a piece in his school newspaper about it. He conducted an Instagram poll from the newspaper’s account and found that 23 percent of the students who responded used oral nicotine pouches during school.
  • “Upper-decky lip cushions, ferda!” Mr. VanderAarde coos in what was one of his popular TikTok videos, which had been liked more than 40,000 times. The singsong audio sounds like gibberish to most people, but it’s actually a call to action. “Lip cushion” is a nickname for a nicotine pouch, and “ferda” is slang for “the guys.”
  • “I have fun posting silly content that makes fun of pop culture,” Mr. VanderAarde said to me in our LinkedIn exchange.
  • I turned to Influencity, a software program that estimates the ages of social media users by analyzing profile photos and selfies in recent posts. Influencity estimated that roughly 10 percent of the Nelk Boys’ followers on YouTube are ages 13 to 17. That’s more than 800,000 children.
  • I’ve spent the past three years studying media manipulation and memes, and what I see in Freezer Tarps’s silly content is strategy. The use of Zyn slang seems like a way to turn interest in Zyn into a meme that can be monetized through merchandise and other business opportunities.
  • Such as? Freezer Tarps sells his own pouch product, Upperdeckys, which delivers caffeine instead of nicotine and is available in flavors including cotton candy and orange creamsicle. In addition to jockeying for sponsorship, Mr. Carlson may also be trying to establish himself with a younger, more male, more online audience as his new media company begins building its subscriber base
  • This is the kind of viral word-of-mouth marketing that looks like entertainment, functions like culture and can increase sales
  • What’s particularly galling about all of this is that we as a society already agreed that peddling nicotine to kids is not OK. It is illegal to sell nicotine products to anyone under the age of 21 in all 50 states
  • numerous studies have shown that the younger people are when they try nicotine for the first time, the more likely they will become addicted to it. Nearly 90 percent of adults who smoke daily started smoking before they turned 18.
  • Decades later — even after Juul showed the power of influencers to help addict yet another generation of children — the courts, tech companies and regulators still haven’t adequately grappled with the complexities of the influencer economy.
  • Facebook, Instagram and TikTok all have guidelines that prohibit tobacco ads and sponsored, endorsed or partnership-based content that promotes tobacco products. Holding them accountable for maintaining those standards is a bigger question.
  • We need a new definition of advertising that takes into account how the internet actually works. I’d go so far as to propose that the courts broaden the definition of advertising to include all influencer promotion. For a product as dangerous as nicotine, I’d put the bar to be considered an influencer as low as 1,000 followers on a social-media account, and maybe if a video from someone with less of a following goes viral under certain legal definitions, it would become influencer promotion.
  • Laws should require tech companies to share data on what young people are seeing on social media and to prevent any content promoting age-gated products from reaching children’s feeds
  • hose efforts must go hand in hand with social media companies putting real teeth behind their efforts to verify the ages of their users. Government agencies should enforce the rules already on the books to protect children from exposure to addictive products,
  • I refuse to believe there aren’t ways to write laws and regulations that can address these difficult questions over tech company liability and free speech, that there aren’t ways to hold platforms more accountable for advertising that might endanger kids. Let’s stop treating the internet like a monster we can’t control. We built it. We foisted it upon our children. We had better try to protect them from its potential harms as best we can.
Javier E

Exclusive: Trump Media saved in 2022 by Russian-American under criminal investigation |... - 0 views

www.theguardian.com/...dia-es-family-trust-2022-loans

trump financing russia

shared by Javier E on 03 Apr 24 - No Cached
  • The concern surrounding the loans to Trump Media is that ES Family Trust may have been used to complete a transaction that Paxum itself could not.
  • Paxum Bank does not offer loans in the US as it lacks a US banking license and is not regulated by the FDIC. Postolnikov appears to have used the trust to loan money to help save Trump Media – and the Truth Social platform – because his bank itself could not furnish the loan.
  • Postolnikov, the nephew of Aleksandr Smirnov, an ally of the Russian president, Vladimir Putin, has not been charged with a crime. In response to an email to Postolnikov seeking comment, a lawyer in Dominica representing Paxum Bank warned of legal action for reporting the contents of the leaked documents.
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  • Postolnikov has been under increasing scrutiny in the criminal investigation into the Trump Media merger. Most recently, he has been listed on search warrant affidavits alongside several associates – one of whom was indicted last month for money laundering on top of earlier insider-trading charges.
  • Trump Media then received the loans from ES Family Trust: $2m on 23 December 2021, and $6m on 17 February 2022.
  • Part of the problem was that Trump Media struggled to get financing because traditional banks were reluctant to lend millions to Trump’s social media company in the wake of the January 6 Capitol attack, Wilkerson said.Trump Media eventually found some lenders, including ES Family Trust, but the sequence of events was curious.
  • S Family Trust was established on 18 May 2021, its creation papers show. Postolnikov’s “user” access to the account was “verified” on 30 November 2021 by a Paxum Bank manager in Dominica. The trust was funded for the first time on 2 December 2021
  • In late 2021, Trump Media was facing financial trouble after the original planned merger with Digital World was delayed indefinitely when the Securities and Exchange Commission opened an investigation into the merger, Trump Media’s since-ousted co-founder-turned-whistleblower Will Wilkerson recounted in an interview.
  • The loans came in the form of convertible promissory notes, meaning ES Family Trust would gain a major stake in Trump Media because it was offering the money in exchange for Trump Media agreeing to convert the loan principal into “shares of Company Stock”.
  • Oddly, the notes were never signed. But the investment in Trump Media proved to be huge: while precise figures can only be known by Trump Media, ES Family Trust’s stake in Trump Media is worth between $20m and $40m even after the sharp decline of the company’s share price in the wake of a poor earnings report
  • The ES Family Trust account also appears to have benefited Postolnikov personally. As the criminal investigation into the Trump Media deal intensified towards the end of last year, the trust recorded several transfers to Postolnikov with the subject line “Partial Loan Return”.In total, the documents showed that the trust transferred $4.8m to Postolnikov’s account, although $3m was inexplicably “reversed”.
  • The reason for the trust’s creation remains unknown. Aside from the money that went to Trump Media, the trust’s statements show the trust has directly invested money with only two other companies: $10.8m to Eleven Ventures LLC, a venture capital firm, and $1m to Wedbush Securities, a wealth management firm.
  • The creation papers also contained something notable: a declaration that, if the original trustee – a Paxum employee named Angel Pacheco – stepped down from the role, his successor would be a certain individual named Michael Shvartsman.
  • Last month, federal prosecutors charged Michael Shvartsman, a close associate of Postolnikov, with money laundering in a superseding indictment after previously charging him and two others in July with insider-trading Digital World shares. Shvartsman and his co-defendants pleaded not guilty.
  • nformant for the DHS, court filings show: in one March 2023 meeting with the informant and an associate, Shvartsman mentioned a friend who owned a bank in Dominica and made bridge loans to Trump Media.
  • “[Shvartsman’s associate] told the [confidential informant] that he does not think the SEC would be able to go after [Shvartsman] for his part in the investment but mentioned that [Shvartsman] essentially provided ‘bridge financing’ for the firm behind the Truth Social media platform,” it said.
  • The investigation into potential money laundering appears to have started after Wilkerson’s lawyers Phil Brewster, Stephen Bell and Patrick Mincey alerted the US attorney’s office in the southern district of New York to the ES Family Trust loans in October 2022.
  • Months later, in June 2023, the FBI expanded its investigation to work jointly with the Department of Homeland Security’s El Dorado taskforce, which specializes in money laundering, and its Illicit Proceeds and Foreign Corruption group, which targets corrupt foreign officials who use US entities to launder illicit funds.
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