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World Economy Apr 04, 2026

Bank of America seals $72.5 million Epstein victim settlement as lawyers target up to 75 claimants

Bank of America has agreed to a $72.5 million settlement with alleged victims of Jeffrey Epstein. U…
Lawyers estimate that as many as 75 women could have a claim in the $72.5 million settlement reached with Bank of America over alleged involvement in Jeffrey Epstein’s sex‑trafficking network. U.S. District Judge Jed Rakoff has instructed counsel to assemble a broad list of publications by the upcoming Friday to ensure every potential victim receives notice, emphasizing that "nobody is left out." A final approval hearing is scheduled for August 27. The settlement was first disclosed in court filings on March 27 after a proposed class‑action lawsuit was permitted to move forward. In October, a plaintiff using the pseudonym Jane Doe filed the suit on behalf of herself and other alleged victims, accusing the bank of overlooking suspicious transactions tied to Epstein’s operations. According to the complaint, Bank of America allegedly benefited knowingly from its relationship with Epstein and impeded enforcement of the Trafficking Victims Protection Act, a federal statute aimed at combating sex trafficking. Bank of America reiterated its stance that it did not facilitate Epstein’s crimes, stating that the resolution allows the institution to move past the matter and provides "further closure for the plaintiffs." Judge Rakoff gave preliminary approval, noting that while no monetary figure can fully compensate for the magnitude of Epstein’s offenses, victims are entitled to restitution from any party that "knowingly, recklessly or otherwise unlawfully facilitated" the trafficking. This agreement follows similar settlements in 2023: JPMorgan Chase paid $290 million and Deutsche Bank settled for $75 million with Epstein victims. Rakoff previously dismissed a suit against Bank of New York Mellon; the plaintiffs are now appealing that decision. He stressed that liability should be limited to entities that knowingly assisted or profited, not to every organization that merely intersected with Epstein’s network. Jeffrey Epstein, a wealthy financier who died by suicide in a New York City jail in 2019, was accused of preying on girls and young women for decades and maintained ties to high‑profile figures across politics, arts, and business. One of Doe’s attorneys, David Boies, believes that 60 to 75 women may qualify for the settlement, and cautions that additional claimants could emerge as the search continues.
#epstein #bank #america
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News Apr 04, 2026

Cambodia Cracks Down on Cybercrime with New Law Targeting Scam Centers

Cambodia's National Assembly has approved a new law aimed at combating cybercrime scam rings, which…
Cambodia has taken a significant step in its fight against cybercrime by approving a new law targeting scam centers accused of defrauding foreigners of billions of dollars. The law, which aims to enhance the country's 'cleaning operation' against these illicit operations, imposes punishments of two to five years in prison and fines of up to $125,000 for those convicted of online scams.The legislation, which will now go to Cambodia's king for a final signature, also outlines penalties for money laundering, gathering victims' data, or recruiting scammers. Ringleaders of scam centers that engage in human trafficking, detentions, and torture will face prison sentences of up to 20 years and fines of up to $500,000.The passage of the law comes amid widespread condemnation from rights groups and sanctions by governments around the world, with Cambodia accused of being a hotbed of cyberscams. The US Department of State has previously stated that 'official complicity, including at senior levels, inhibited effective law enforcement action against trafficking crimes' in Cambodia, which has denied these allegations.The new law is seen as a significant effort by Cambodia to combat the rise of online fraud, romance, and cryptocurrency scams. Several countries have enacted anti-cyberscam laws to address this issue, with con artists in Singapore facing 24 strokes of the cane in serious cases.Justice Minister Keut Rith emphasized that the law is 'strict like the fishing net' and aims to ensure that online scams do not return to Cambodia. The law is expected to send a strong message to cyberscammers that Cambodia is not a place to conduct scams, and it will serve the interests of the Cambodian nation and people.
#cambodia #law #online
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News Apr 03, 2026

Trump Dismisses Attorney General Pam Bondi Amid Epstein File Fallout, Names Todd Blanche Acting AG

President Donald Trump removed Attorney General Pam Bondi after a turbulent 14‑month tenure, citing…
President Donald Trump announced on Truth Social that Pam Bondi is being removed as Attorney General, ending a contentious 14‑month stint at the Justice Department. Bondi, who described her upcoming shift to the private sector as a "transition," will leave the post within the next month. In a rapid reshuffle, Trump elevated Deputy Attorney General Todd Blanche—who previously served as the former president’s criminal‑defense lawyer—to acting attorney general. The president also hinted that EPA Administrator Lee Zeldin could become the permanent replacement, signaling a continued preference for close allies in key legal roles. Bondi’s ouster follows a series of high‑profile controversies. Most notably, her management of the Jeffrey Epstein files drew intense scrutiny. After promising full transparency, the Justice Department released heavily redacted documents that failed to satisfy public and congressional demands for a "client list" and other evidence. Critics, including victims’ attorney Gloria Allred, called her departure "long overdue" for mishandling the files. Beyond the Epstein saga, Bondi struggled to deliver the political prosecutions Trump expected. Efforts to pursue former FBI Director James Comey and other officials linked to investigations of the president stalled or collapsed, fueling Trump’s frustration that she was not "weaponising" the department aggressively enough against his perceived enemies. Bondi, a former Florida attorney general and the state’s first female AG, built a reputation on tough‑on‑crime initiatives such as combating human trafficking and cracking down on "pill mills." However, her limited involvement in the original Epstein non‑prosecution deal and her heated exchange with a Democratic lawmaker—where she called him a "washed‑up loser"—further eroded confidence in her leadership. The White House confirmed that Bondi’s private‑sector role will be announced "in the near future," while Blanche issued a statement on X thanking Trump for the trust placed in him and pledging to "continue backing the blue, enforcing the law, and keeping America safe." Congressional oversight intensifies as the House Oversight Committee had scheduled Bondi to appear before it on April 14 to answer questions about the Epstein documents. With her exit, committee chair James Comer said Republicans would deliberate whether to pursue the subpoena, while Democrats, led by Robert Garcia, insist she "will not escape accountability." Reactions span the political spectrum: Democrats such as Senator Elizabeth Warren denounced the DOJ under Bondi as a "cesspool of corruption," whereas Republican Senator Chuck Grassley praised her responsiveness to oversight and noted a decline in violent crime during her tenure. Republican Thomas Massie urged the next AG to release all Epstein files and pursue arrests. As the administration searches for a permanent attorney general, the choice between Blanche and Zeldin will signal how closely Trump intends to align the Justice Department with his political agenda moving forward.
#bondi #trump #his
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News Mar 27, 2026

Tragic Boat Sinking Off Djibouti Coast Leaves Nine Dead and Dozens Missing

A boat carrying over 300 migrants and refugees sank off the coast of Djibouti, resulting in at leas…
A devastating boat sinking incident has occurred off the coast of Djibouti, claiming the lives of at least nine people and leaving 45 others missing. The boat, carrying over 300 migrants and refugees, sank near Guehere in the north of the country on Tuesday.The Djiboutian coastguard launched an emergency operation, rescuing 266 survivors, all of whom were identified as Ethiopian nationals. They are currently receiving support at the International Organization for Migration's (IOM) Migrant Response Centre in Obock.The incident is a grim reminder of the risks faced by migrants attempting to cross the Bab al-Mandeb Strait, a notorious migration route that separates Djibouti and Yemen. Tens of thousands of people from the Horn of Africa region attempt to make this perilous journey each year, often facing arbitrary arrest, trafficking, violence, and detention.According to IOM data, 506,000 people moved along this route in 2025, an 18% increase from the previous year. The agency also reported that 922 people died or went missing on this route in 2025, nearly double the number recorded the year before.The IOM has expressed concern that the hot season in Djibouti, which brings rougher seas and strong winds, will place migrants at even greater risk. The agency's chief of mission in Djibouti, Tanja Pacifico, warned that this tragic shipwreck may sadly mark the first of many incidents this year.
#djibouti #migration #iom
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News Mar 27, 2026

US Judge Questions Trump's Decision to Bar Venezuelan Funds for Maduro's Defense

A US judge has declined to dismiss charges against former Venezuelan President Nicolas Maduro and h…
A United States judge has ruled that he will not dismiss the drug-trafficking and weapons possession charges brought against former Venezuelan President Nicolas Maduro and his wife Cilia Flores.In a Thursday court hearing, Judge Alvin Hellerstein questioned whether the US government has the right to bar Venezuela from funding Maduro's legal expenses. The hearing was the first for Maduro and his wife since a brief January arraignment, where they pleaded not guilty.Maduro and Flores have sought to have the charges against them thrown out. Hellerstein declined to do so, but he pressed the prosecution on some of the issues Maduro's legal team raised in its petition to dismiss the case. Among them was a decision by the administration of US President Donald Trump to prevent the Venezuelan government from financing Maduro's defence.Federal prosecutors argued that national security reasons prevented the US from allowing such payments. They also pointed to ongoing sanctions against the Venezuelan government. But Hellerstein pushed back against that argument, noting that Trump had eased sanctions against Venezuela since Maduro's abduction on January 3. He also questioned how Maduro might pose a security threat while imprisoned in New York.“The defendant is here. Flores is here. They present no further national security threat,” said Hellerstein. “I see no abiding interest of national security on the right to defend themselves.”Hellerstein emphasised that, in the US, all criminal defendants have the right to a vigorous defence, as part of the US Constitution's Sixth Amendment. Maduro, who led Venezuela from 2013 to 2026, has been charged with four criminal counts, including “narco-terrorism” conspiracy, conspiracy to import cocaine, the possession of machine guns and the conspiracy to possess machine guns and other destructive devices.He and his wife were taken into US custody on January 3, after Trump launched an attack on Venezuela. The Trump administration has framed the military operation as a “law enforcement function”, but experts say it was widely considered illegal under international law, which protects local sovereignty.Trump himself weighed in on the proceedings during a Thursday US Cabinet meeting, hinting that further charges could be brought against Maduro. “He emptied his prisons in Venezuela, emptied his prisons into our country,” Trump said of Maduro, reiterating an unsubstantiated claim. “And I hope that charge will be brought at some point. Because that was a big charge that hasn’t been brought yet. It should be brought.”
#maduro #trump #his
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Technology Mar 27, 2026

US Courts Hold Social Media Giants Liable for Addictive Designs

In a significant development, US juries have found Meta and YouTube liable for designing addictive …
The recent landmark decisions against Meta and YouTube by two US juries have sent a strong message to tech companies. The cases, which focused on the deliberate design of addictive products that harmed a child, have been hailed as a major victory for campaigners pushing for change.In one case, Meta was found liable for $375m in civil liabilities over the use of Facebook and Instagram for child sex trafficking in New Mexico. The state's attorney general is seeking platform changes and financial penalties.The verdicts, which are expected to be appealed, demonstrate a shifting attitude towards tech companies and their responsibility to protect users, particularly children. Internal documents revealing executives' cavalier approach to young people's safety have been made public, providing critics with valuable evidence.While it is too early to declare a reckoning similar to that faced by big tobacco in the 1990s, the current push towards stronger regulation is gaining momentum. Governments and civil society are increasingly holding tech companies accountable for their impact on public health.The precautionary approach to children's safety has been highlighted as crucial, with young minds being particularly vulnerable to the attention economy's assault. Fortunately, governments and courts are taking steps to regulate social media companies and force them to take responsibility for their impact.In Australia, social media companies have been told to leave children alone, while in the UK, the government has issued guidance on screen time and is considering restricting children's use. Design features such as infinite scroll and gaming-type rewards have been identified as key factors in the addictive nature of social media.Ultimately, a whole society approach is needed to reduce our dependence on social media and work out what safeguards are needed for adults and children alike. The events of the past week have made this goal a bit more achievable.
#but #companies #attention
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World Economy Mar 16, 2026

Conservation Plots a Future Without American Aid

The article discusses the impact of the dismantling of USAID on global conservation efforts, partic…
The USAID agency was a primary financial backer of Liberia's eco-guards, who help protect species from poaching and trafficking. The eco-guards, all of whom live in forest communities, patrol for signs of illegal activity and share their findings with rangers from nearby parks and forests.In late January 2025, the SCNL learned that USAID, the eco-guards' primary financial backer, was being dismantled by the Trump administration and that funding had been abruptly suspended. The SCNL programme manager, Michael E Taire, a Liberian who lives in the capital, Monrovia, spent several days travelling over rough forest roads to break the news to the eco-guards, who were shocked and distraught.Conservation organisations large and small lost tens of millions of dollars, forcing some to function with a fraction of the resources they had expected and others to shut down programmes entirely. Efforts to address the root causes of wildlife trafficking across the globe were axed, as was USAID's forest-protection programme in the Congo basin of central Africa, one of the agency's largest and most enduring endeavours.David Kaimowitz, a longtime advocate of community-led conservation in the Amazon basin and Central America, puts it bluntly: 'We’re talking about an end to a whole era of conservation.'Diane Russell, an American anthropologist who has worked for USAID in the Congo basin since the 1980s, says the agency helped draw international attention and funding to the region’s remarkably rich remaining forests, which are home to mountain gorillas and forest elephants. It also enabled conservation to continue through extraordinarily difficult conditions.'The callous glee with which [the Trump] administration choked off aid is something I will never forgive or forget,' Kevin Starr writes.'We cannot replace USAID, but we can do big things, because we, the locals, were the engine behind what USAID was doing in this region,' Dida Fayo says.
#usaid #conservation #liberia
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