Tag

Compensation Fund

All articles tagged with #compensation fund

politics6 days ago•182 min saved

GOP Rep. Fitzpatrick moves to block Trump’s $1.8B ally compensation fund

Pennsylvania Republican Rep. Brian Fitzpatrick says he is exploring ways to block the Department of Justice’s plan to establish a nearly $1.8 billion fund to compensate Trump’s allies, vowing to draft legislative text after reviewing the funding source and congressional jurisdiction. The fund, overseen by five DOJ-appointed board members and drawing from the department’s judgment fund, has left other Republicans scrambling to learn details and assess oversight options through the appropriations process, signaling broader GOP scrutiny of the administration’s move.

via CNN|

#compensation-fund #doj #fitzpatrick

politics8 days ago•63 min saved

DOJ Sets Up $1.776B Fund to Reimburse Trump Allies as IRS Suit Is Dropped

Trump’s administration announced a $1.776 billion DOJ fund to compensate those who say they were harmed by what officials call weaponization and lawfare, following Trump’s withdrawal of a $10 billion lawsuit against the IRS. The live updates also cover Pete Hegseth campaigning for a Trump-backed Kentucky candidate, TrumpRx expanding its generic-drug offerings, renewed Iran-war tensions with pauses urged by Gulf leaders, and the EPA rolling back some PFAS drinking-water limits, among other ongoing policy moves.

via The New York Times|

#compensation-fund #doj #donald-trump

politics8 days ago•8 min saved

Trump drops $10B IRS lawsuit as ally-compensation talks surface

President Trump moved to dismiss his $10 billion lawsuit against the IRS over leaked tax returns as reports emerged of a plan to launch a Treasury-funded compensation fund for allies, including January 6 defendants; the development unfolds amid other U.S. political stories such as US-China talks on Iran and Taiwan arms sales, Kentucky GOP dynamics, and redistricting debates in South Carolina.

via The Guardian|

#compensation-fund #irs #january-6

disaster-relief2 years ago•1 min saved

Maui Wildfire Victims' Families Eligible for $1.5 Million Payout

Families who lost loved ones in Hawaii's deadliest wildfire could receive up to $1.5 million each from a victims' compensation fund if they agree not to pursue litigation, as announced by Gov. Josh Green. The fund, now at $175 million, will open to applicants on March 1 and is voluntary, available only to those who agree not to sue the fund's participants. The lack of stable housing for displaced residents has been a major source of anxiety, with efforts underway to provide long-term housing and mental health counseling. Additionally, a preliminary after-action report by the Maui County Police Department made 32 recommendations for improvement in response to the fire.

via NBC News|

#compensation-fund #disaster-relief #hawaii

compensation-fund-announcement2 years ago•0 min saved

Lahaina Families Eligible for $1.5M Compensation

Governor Josh Green announced a $175 million compensation fund for families who lost loved ones in the Lahaina wildfires, with each eligible family set to receive $1.5 million starting from March 1. The fund, modeled after the 9/11 compensation fund, may also compensate those who lost land, with recipients agreeing not to pursue lawsuits against fund participants. Additionally, FEMA officials provided an update on efforts to rebuild King Kamehameha School, while the announcement coincides with the six-month anniversary of the Maui wildfires that claimed at least 100 lives and left thousands of survivors without permanent housing.

via Hawaii News Now|

#compensation-fund #compensation-fund-announcement #governor-josh-green

financial-crime2 years ago•2 min saved

Madoff Victims Receive $158M in Additional Compensation, Totaling $4.22B: Government Reports

The compensation fund for victims of Bernie Madoff's $65 billion Ponzi scheme has paid out an additional $158 million, bringing the total amount distributed to $4.22 billion. The fund, established a decade ago, has made its ninth installment to nearly 25,000 victims worldwide, helping them recoup 91% of their losses. The fund aims to make a final payout by the end of 2024. Madoff, who pleaded guilty to 11 financial crimes in 2009, died in prison in 2021.

via New York Post |

#bernie-madoff #compensation-fund #financial-crime

disaster-relief2 years ago•1 min saved

"Hawaii Governor Establishes $150M Fund for Lahaina Fire Victims and Families"

Hawaii Governor Josh Green has announced the creation of a $150 million fund to assist those affected by the wildfires in Maui, including families who lost loved ones or were injured. Beneficiaries will receive payments of over $1 million starting from April to June next year, with the condition that they waive their right to file legal claims. The fund aims to provide swift financial assistance and support the rebuilding of Lahaina in a way that reflects Hawaii's values and traditions. Initial funding is being provided by the state, Maui County, Hawaiian Electric, and Kamehameha Schools, with more partners expected to join. The fund is modeled after the September 11th Victim Compensation Fund.

via The Weather Channel|

#compensation-fund #disaster-relief #hawaii

sports2 years ago•7 min saved

Saudi investors create compensation fund for PGA Tour loyalists who rejected LIV Golf's millions.

Saudi Arabia's Public Investment Fund, which recently merged with the PGA Tour, is reportedly creating a compensation fund to reward PGA Tour players who turned down lucrative offers from LIV Golf. The plan will allow players like Tiger Woods and Rory McIlroy to receive some of the money they missed out on by not joining the breakaway tour. The future of LIV Golf is in doubt, with sources claiming it will be phased out by the end of the year to make room for one all-consuming tour. PGA Tour commissioner Jay Monahan is temporarily stepping back from his duties due to an unspecified medical situation.

via Daily Mail|

#compensation-fund #golf #liv-golf

society3 years ago•1 min saved

Boy Scouts to pay $2.4 billion to sexual abuse survivors after emerging from bankruptcy.

The Boy Scouts of America will establish a $2.4 billion fund for about 82,500 people who were victims of sexual abuse as it emerges out of Chapter 11 bankruptcy. The organization will also implement new measures to support survivors and prevent abuse in the future, such as background checks for all staff and volunteers, mandatory youth training, and a ban on one-on-one interactions with children. A survivor will also have a seat on the organization's board, and any allegation of abuse must be reported to law enforcement. The Boy Scouts sought bankruptcy protection in February 2020 to create a compensation fund for thousands of men who were molested as youngsters by scoutmasters or other leaders.

via NPR|

#bankruptcy #boy-scouts-of-america #compensation-fund