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Banker Set to Testify in Trump’s Hush Money Trial
Donald Trump has a historic position to decide his personal political prospect away before 2024 Presidential election as his hush money trial facing a great legal battle.
United States: A banker who knows about the accounts involved in the alleged effort by Donald Trump’s campaign to influence the 2016 election by covering up a serious sex scandal is set to testify in the hush money criminal trial, which will resume on Tuesday in New York.
Trump Denies Allegations
Trump, the Republican candidate running for the 2024 presidential election, is accused of falsifying business records to mislead the observers about the USD 130,000 allocation he made to porn star Stormy Daniels in exchange for her silence on their intimate affair in 2006, as reported by Reuters.
Trump pleaded not guilty and claimed that he wasn’t intimate with Daniels, born with the name Stephanie Clifford.
A significant event was the first criminal trial of a former U.S. President, which started on April 22nd.
Trial Gains Momentum
BREAKING: Judge presiding over Donald Trump’s hush money trial holds the former president in criminal contempt over a series of posts on Truth Social that he said violated a gag order. https://t.co/XxRPmMUNOU
— NBC News (@NBCNews) April 30, 2024
Credibly, nearly two hundred Trump supporters gathered outside the court on Tuesday morning, chanting his name and waving banners with the inscription “TRUMP 24.” Pro-Trump local Republican organizations had encouraged their followers to show up after Trump stated that he was being unfairly tried and that few people were protesting the trial.
Garry Farro, the banker, testified on Friday that Mr. Michael Cohen, Trump’s former lawyer, whom prosecutors say acted as a co-participant in the scheme, submitted financial records.
Trump must go through the trial, and he is already accusing himself that he could be campaigning instead of attending the trial as we are moving ahead of the Nov. 5 elections with the Obama rematch.
The criminal case is one of four in which Trump is named and possibly the only one compelling a trial and sentencing before the elections.
Key Witnesses Await Testimony
Just last week, former National Enquirer publisher David Pecker, a longtime friend of the President, testified that he used his supermarket tabloid to squelch any negative news about Trump and, at the same time, spread damning stories that would hurt the reputation of his rivals before the 2016 election.
Pecker asserted during the trial that Enquirer usually bought an exclusive right to negative stories about celebrities with the only view of holding them unpublished without publishing, which is referred to as “catch and kill”.
Daniels and McDougal, the former Playboy model who states that she was paid $150,000 for her silence on a year-long affair without President Trump in the years 2006 and 2007, are also expected to testify.
Trump refutes having had an affair with McDougal.
Cohen, who’s been Trump’s dealmaker for ages but has now amassed abundant animosity after a messy separation approximately six years ago, is also anticipated to give evidence. To clarify, Cohen used to admit that Trump directed him to both oversee and handle the payments that were hidden. He then paid the latter amount as a reimbursement to Trump.
Trump Faces Legal Challenges
Georgia is now charging Trump for his attempts to legitimize Biden’s victory in the presidential election. Furthermore, he is being investigated in Washington over his prior conduct as a president. In addition, it is said that in Florida, he is to be arrested for handling classified documents, as reported by Reuters.
Trump has sought legal assistance and declared that the trials are “political witch hunts.”
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Hunter Biden’s Ex-Wife to Testify in Firearm Possession Case
The trial will involve whether Hunter Biden falsely stated about his drug use in a bid to buy a pistol: witness accounts from his former wife and former girlfriends.
United States – Hunter Biden’s ex-wife is set to testify about what the young Biden’s drug habits were as a defense claim in a case that suggests he lied about them to possess a firearm.
On charges of possession of a firearm by a user of a controlled substance, prosecutors said they would prove that Hunter Biden allowed his anti-drug screening test to come back clean when he purchased a revolver in October 2018, knowing that he was a drug user, as reported by Reuters.
The jurors viewed the text messages, banking records, and some clips of the audiobook of the Then Hunter Biden memoir that the prosecutors say show the client was habitually using crack at the time he bought the gun, one day after the purchase.
“Addiction is not a crime. Lying is,” prosecutor Derek Hines said.
Hunter Biden, 54 years old, has not quit guilty to three felonies, charging him with filing false information while purchasing the gun and possession of the prohibited firearm for 11 days.
The trial comes in the wake of another precedent setting case; the criminal indictment of former President of the United States, Donald Trump, who became the first US president to be convicted of a felony last week. Trump is the Republican candidate for president against Joe Biden of the Democratic party in the Nov. 5 poll.
Something was not mentioned at Hunter Biden’s trial regarding that aspect, but the prosecution used the phrase “no one is above the law.
Testimonies and Defense
Hines said that jurors would hear Kathleen Buhle, Hunter Biden’s ex-wife, and his former girlfriend, Zoe Kestan, and Hallie Biden, who was his brother, Beau Biden’s wife. They all can testify about Hunter Biden’s problems with drugs and alcohol throughout the years, Hines noted.
Prosecution’s Evidence and Statements
Lowell, who has represented Hunter Biden in an ongoing grand jury investigation, noted that his client contradicted these claims in his memoir titled “Beautiful Things,” published in 2021. Hunter Biden’s lawyer insisted that the evidence would demonstrate the subject was sober when purchasing the firearm and viewed himself as ‘not a user’ at the time.
Context and Political Backdrop
Trump is expected to be sentenced on July 11th after he was convicted by a jury in the state court in New York last Thursday of 34 felonies of presenting fake documents to conceal payments made to a pornographic actor ahead of a sex scandal that might have had an impact on the build-up to the 2016 U. S. election, as reported by Reuters.
He has denied the allegations in three other ongoing criminal charges, two against him for his attempts to overturn his 2020 defeat by Biden and one for keeping top-secret materials at his Florida estate after his presidency in 2021.
News
FDA Debate Looms Over MDMA Therapy’s Role in PTSD Treatment
The FDA on MDMA therapy for PTSD is going to usher a new era in the therapeutic management of mental health with implications in treatment for millions of patients with the disorder.
United States – An important meeting on the approval of a new treatment using one of the substances considered hallucinogens is to be held on Tuesday as the advisers to the US Food and Drug Administration are set to deliberate on the therapy based on MDMA for PTSD.
The session, conducted by the independent experts of the agency, is the closest that a drug based on MDMA, commonly referred to as ecstasy or molly, has ever gotten within the FDA procedure for approval, as reported by Reuters.
Addressing Mental Health Needs
This comes after several similar efforts have been pursued by supporters claiming that substances such as MDMA are effective in the treatment of mental health and millions also have other uses that are not related to drug use in society.
The treatment is a capsule containing or containing pure MDMA manufactured by the public-benefit corporation Lykos Therapeutics and to be taken in combination with hourly, full-spectrum sessions of talk therapy by a licensed, entheogenic mental health provider.
Promising Results and Concerns
MDMA, in combination with consultation, has indicated lower PTSD scores in trials with over 190 patients in contrast to placebo.
However, the FDA’s staff reviewers voiced concerns on Friday about how patients suffering from PTSD in the clinical trials knew whether they were given MDMA or a placebo due to the mind-altering effects of the drug.
A Step Towards Innovation
“I don’t think that is as much of a concern because even if it is an enhanced placebo effect, people are still getting better,” said David Olson, director of the UC Davis Institute for Psychedelics and Neurotherapeutics.
“But the bigger question is, what is the risk to those individuals?”
PTSD is among the largely prevalent mental health disorders, which impacts 13 million people within the United States of America and is prevalent among war veterans. This indicates that there is still a big gap in the development of new treatments for PTSD in this regard since the other drugs do not affect every person.
Lykos treatment is one treatment out of many psychedelic drugs given to patients with untreatable mental disorders, including Compass Pathways’ (CMPS. O) drug, which is derived from magic mushrooms.
The agency’s staff discussed restrictions on its use and oversight in briefing documents delivered on Friday. The FDA also pointed out the increase in both blood pressure and pulse in the trials and instances of hepatic toxicity.
According to Olson, the approval could provide “a new way to attack the problem, but as a single agent, it is not going to be a large driver” because of the cost and logistical challenges associated with it, as reported by Reuters.
“It’s important because it would be the first in this class of molecules, but I don’t think it will be the last; it will be replaced by compounds that have superior properties to MDMA.”
News
British Tech Pioneer Faces Fraud Charges in HP Acquisition Trial
The fraud trial of Lynch is a follow-up on the disastrous HP-Autonomy interface, which has been a significant turning point on the technology as well as corporate governance.
United States – Jurors at the trial of British tech pioneer Mike Lynch may hear closing arguments in San Francisco on Monday in the fraud case regarding Hewlett-Packard’s (HPE. N) acquisition of Lynch’s software company Autonomy for USD 11.2 billion in 2011.
The Cambridge University-educated businessman testified for the defense at the trial, explaining that he had no criminal intentions and that HP performed the merger poorly, as reported by Reuters.
HP then proceeded to write down the value of Autonomy by USD 8.8 billion in one year since the acquisition.
Lynch and the former Autonomy finance executive Stephen Chamberlain have been charged with fraud and conspiracy for planning to artificially increase the company’s revenue starting in 2009, in part to attract a buyer.
Allegations of Fraud
Prosecutors claimed the two inflated Autonomy revenue through back-dated transactions and ‘round-trip’ transactions, where money was paid upfront by the customer through a fictitious contract.
During the trial, which started mid-March, the jurors were presented with over thirty government witnesses, including Leo Apotheker, the former HP chief who was dismissed just a few weeks after the purchase of Autonomy was declared.
Lynch’s legal advisors prepared the trial, stating that HP wanted to acquire Autonomy ahead of potential competitors, so the due diligence was performed quickly before the sale was closed.
Lynch Denies Involvement in Accounting Decisions
Taking the stand, Lynch denied that he was involved directly with the accounting decisions at issue and asserted that he was more concerned with technology issues at the time, leaving the finance-related matters in the hands of Sushovan Hussain, Autonomy’s former chief financial officer.
Hussain was convicted in 2018 in the same court in another trial. He was released from U. S. prison in January following his five-year imprisonment term.
Lynch was identified as one of the UK’s leading tech enablers in a bracket that included Steve Jobs of Apple and Bill Gates of Microsoft.
Fallout from Controversial Acquisition Continues
The Autonomy deal was one of the largest British technology deals that was supposed to boost HP’s software segment. Rather, it gave rise to a chain of cruel and costly court proceedings, as reported by Reuters.
Lynch and Hussain were found liable for the defamation in a civil trial in London in 2022, though the amount of the damages remains unconcluded. The company is requesting 4 billion US Dollars in total funding.