Wells Fargo is embroiled in a lawsuit alleging involvement with an aiding and abetting case associated with a $300 million Ponzi scheme, which targeted more than 1,000 investors, mainly senior citizens, who were left both penniless and with minimal life savings. The American financial giant, based in San Francisco, is accused of aiding the ‘scheme operators’ in diverting funds from proposed class members to ‘maximize assets’ and generate revenue, per a case filed on June 4, 2024, in the US District Court for the Southern District of Florida.” Wells Fargo was allegedly aware of the scheme from 2011 until 2021…
Author: Samuel Njihia
Gatundu MP Gabriel Kagombe was released on a Sh2 million bond or Sh1 million cash bail, with surety of similar amount, after pleading not guilty to murder charges at the Machakos High Court on Friday. Appearing before Judge Francis Olel, Kagombe’s release was pegged on the meeting of the specified bail conditions. This was following an earlier directive by the Judge to have a mental assessment done on the accused before he could take a plea. “The court has considered applications by both the prosecution and defence lawyers and hereby orders that the accused person be released on a Sh2…
The Kenyan government has reportedly enlisted a battalion of evangelical pastors to guide the deployment of police officers to Haiti.
A majority of Kenyans are opposed to the proposals contained in the Finance Bill 2024, which outlines the taxation plans for the upcoming fiscal year scheduled to start on July 1. The Infotrak report, released on Thursday, showed that 77 percent of Kenyans were pessimistic that the bill would have a positive effect on the current state of the economy, while only 13 percent were optimistic about its prospective benefits. “Nearly 8 out of 10 say that whether it is passed, zero impact, so that should ring an alarm bell to our financial infrastructure that in as much as we…
Nyeri Town MP Duncan Maina Mathenge has opposed Deputy President Rigathi Gachagua’s calls to unite the Mount Kenya region.
The US House of Representatives has passed a bill to impose sanctions against the International Criminal Court (ICC) over its prosecutor’s decision to seek arrest warrants for Israeli Prime Minister Benjamin Netanyahu and other officials for alleged war crimes during the war with Hamas. The sanctions bill, proposed by pro-Israel Republicans, was passed on Tuesday by a vote of 247-155. No Republican member voted against the proposal. However, the bill is unlikely to become law as it is expected to be rejected by Democrats who control the US Senate, where it must pass before reaching the president for approval. Indeed,…
Indian Prime Minister Narendra Modi’s Bharatiya Janata Party (BJP) is poised to lose an outright parliamentary majority.
President Ruto underscores Korea’s crucial role in Africa’s transformation, banking on Korea-African ties to unlock the continent’s potential.
Former US President Donald Trump has stirred up a social media storm by joining TikTok, the video-sharing app he once sought to ban, marking a significant win for the platform that is fighting for its survival in Washington. On Saturday, Trump posted a launch video on a verified account, depicting him waving to fans at an event he attended in Newark, New Jersey. “The president is now on TikTok,” UFC CEO Dana White said, introducing Trump in the video. “It’s my honour,” Trump replied. Trump’s decision to join TikTok has been viewed as a calculated move to engage potential voters,…
Magarini Member of Parliament Harrison Garama Kombe has lost his seat after the Supreme Court, on Friday, upheld a High Court decision to nullify his election. A five-judge panel of the highest court affirmed the conclusion that the petitioner, Stanely Kenga Karisa, had satisfied the burden of proof, demonstrating non-compliance with the Constitution and Kenya’s electoral laws. Mr Kenga contested the seat on the United Democratic Alliance (UDA) party ticket and secured 11,925 votes compared to Mr. Kombe’s 11,946, with a difference of 21 votes. Dissatisfied with the outcome, Mr Kombe promptly filed a petition with the High Court, seeking…
