Fugees rapper Pras found guilty of political conspiracy

brown wooden gavel on brown wooden table

WASHINGTON (AP) — A Fugees rapper accused in multimillion-dollar political conspiracies spanning two presidencies was convicted Wednesday after a trial that included testimony ranging from actor Leonardo DiCaprio to former U.S. Attorney General Jeff Sessions.

Prakazrel “Pras” Michel was accused of funneling money from a now-fugitive Malaysian financer through straw donors to Barack Obama’s 2012 reelection campaign, then trying to squelch a Justice Department investigation and influence an extradition case on behalf of China under the Trump administration.

A jury in Washington, D.C., federal court found him guilty of all 10 counts, including conspiracy and acting as an unregistered agent of a foreign government.

The defense argued the Grammy-winning rapper from the 1990s hip-hop group the Fugees simply wanted to make money and got bad legal advice as he reinvented himself in the world of politics.

Michel declined to comment after the verdict, but his attorney said he’s “extremely disappointed” in the outcome of the case and plans to appeal.

“This is not over,” attorney David Kenner said. “I remain very, very confident we will ultimately prevail.”

Michel first met Malaysian financer Low Taek Jho in 2006, when the businessman usually known as Jho Low was dropping huge sums of money and hobnobbing with the likes of Paris Hilton. Low helped finance Hollywood films, including “The Wolf of Wall Street.” DiCaprio testified Low had appeared to him as a legitimate businessman and had mentioned wanting to donate to Obama’s campaign.

Michel also testified in his own defense. He said Low wanted a picture with Obama in 2012 and was willing to pay millions of dollars to get it. Michel agreed to help and used some of the money he got to pay for friends to attend fundraising events. No one had ever told him that was illegal, he said.

Prosecutors said Michel was donating the money on Low’s behalf, and later tried to lean on the straw donors with texts from burner phones to keep them from talking to investigators.

After the election of Donald Trump, prosecutors say Michel again took millions to halt an investigation into allegations Low masterminded a money laundering and bribery scheme that pilfered billions from the Malaysian state investment fund known as 1MDB. Low is now an international fugitive and has maintained his innocence.

Michel also got paid to try and persuade the U.S. to extradite back to China a government critic suspected of crimes there without registering as a foreign agent, prosecutors said.

On that charge, the defense pointed to testimony from Sessions, who was Trump’s top law enforcement officer until he resigned in 2018. Sessions said he’d been aware the Chinese government wanted the extradition but didn’t know Michel. The rapper’s ultimately futile efforts to arrange a meeting on the topic didn’t seem improper, the former attorney general said.

The post Fugees rapper Pras found guilty of political conspiracy appeared first on New York Amsterdam News.

* This article was originally published here

Jobless claims fall again with labor market churning along

hiring text

Applications for unemployment benefits in the U.S. fell last week as the labor market continues to show strength despite some weakness in other parts of the economy.

The number of Americans filing for jobless claims for the week ending April 22 fell by 16,000 to 230,000, the Labor Department reported Thursday.

The four-week moving average of claims, which flattens some of the week-to-week volatility, fell by 6,000 to 236,000. At the start of the year, weekly claims were running around 200,000 and they have gradually moved higher.

Overall, 1.86 million people were collecting unemployment benefits the week that ended April 15, 3,000 fewer than the previous week.

The weekly claims numbers are a proxy for layoffs, and continue to show that American workers are enjoying unusual job security despite rising interest rates, economic uncertainty and fears of a looming recession.

The U.S. job market has remained healthy in spite of other weak spots in the broader economy. The unemployment rate came in at 3.5% last month, a tick above January’s half-century low 3.4%. Employers added 236,000 jobs in March, down from 472,000 in January and 326,000 in February, but still strong by historic standards.

Federal Reserve policymakers worry that a tight job market puts upward pressure on wages — and on overall prices. They’ve raised their benchmark interest rate nine times in just over a year. Inflation has edged lower since hitting four-decade highs last year. But March’s 5% year-over-year inflation rate remained well above the Fed’s 2% target.

The Fed is hoping to achieve a so-called soft landing — lowering growth just enough to bring inflation under control without causing a recession. Economists are skeptical, with many expecting the U.S. to enter a recession later this year.

On Thursday, the Commerce Department reported that U.S. economy slowed sharply from January through March, decelerating to just a 1.1% annual pace as higher interest rates hammered the housing market and businesses reduced inventories.

The post Jobless claims fall again with labor market churning along appeared first on New York Amsterdam News.

* This article was originally published here

How To Secure Financing For Your Online Business

The #1 source in the world for all things Harlem.

Are you an entrepreneur looking to jump-start your online business and need a helping hand obtaining the necessary financing? With so many financing options now available, it can be overwhelming when trying to determine which one is best for you. Fortunately, there are tips and strategies that you can use when applying for finance funding…

The post How To Secure Financing For Your Online Business appeared first on Harlem World Magazine.

* This article was originally published here

6 Uses For Rubber In Precision Industrial Production

The #1 source in the world for all things Harlem.

We don’t often associate rubber with precision industrial production and yet it is an invaluable resource in this sector. Rubber has the unique ability to be both strong and also flexible, making it perfectly suited for many intricate designs that require strength as well as pliability. In addition, its low cost of production makes it…

The post 6 Uses For Rubber In Precision Industrial Production appeared first on Harlem World Magazine.

* This article was originally published here

Get The Body You’ve Always Wanted With These Proven Workout Methods

The #1 source in the world for all things Harlem.

Do you want to look and feel your best? Are you trying to achieve that “beach body” but don’t know where to start? Look no further — we will share with you some of the most effective, proven workout methods for anybody wanting to get their dream body. From everyday exercises for beginners to intense…

The post Get The Body You’ve Always Wanted With These Proven Workout Methods appeared first on Harlem World Magazine.

* This article was originally published here