Masimba Holdings Limited ( HY2011 Interim Report

first_imgMasimba Holdings Limited ( listed on the Zimbabwe Stock Exchange under the Building & Associated sector has released it’s 2011 interim results for the half year.For more information about Masimba Holdings Limited ( reports, abridged reports, interim earnings results and earnings presentations, visit the Masimba Holdings Limited ( company page on AfricanFinancials.Document: Masimba Holdings Limited (  2011 interim results for the half year.Company ProfileMasimba Holdings Limited is a well-established company in Zimbabwe providing engineering and infrastructure solutions to the agricultural, commercial and corporate sector as well as housing, mining, public and water sectors. The company has three operation divisions; Masimba Construction Zimbabwe, Proplastics and Property Development. Masimba Construction is responsible for design, development, planning, engineering and construction of commercial buildings, private housing developments and earthwork projects in Zimbabwe, and the fabrication and erection of structural steel. The other subsidiaries offer turnkey engineering solutions to the construction industry, aswell as provide reinforcement steel, steel fixing, wire mesh and cutting and bending products. Masimba Holdings Limited is listed on the Zimbabwe Stock Exchangelast_img read more

Barclays donates advertising space on London bikes for CSV’s volunteer campaign

first_img Howard Lake | 22 October 2013 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  14 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of Researching massive growth in giving. Barclays is donating space on the front of some of its ‘Boris Bikes’ in London to volunteering and learning charity CSV to promote its ‘Make a Difference – Get Inspired’ campaign.The campaign aims to raise awareness of volunteering, its positive impact in local communities, and to urge people across the UK to volunteer in their communities during October.Ashok Vaswani, CEO Barclays Retail and Business Banking, said: “Make a Difference– Get Inspired! is the flagship volunteering campaign which we have supported for 13 years. It promotes and celebrates volunteering and how contributing time and skills to a variety of causes benefits the community as a whole. That’s why we’re delighted to be able to use our sponsorship of Barclays Cycle Hire to support such a valuable initiative.”The CSV campaign has been running since 1986. Until now it has focused on one day of local events. This year, for the first time, the campaign runs for the whole of the month.Last year the campaign succeeded in inspiring 70,000 people to take part in over 2,000 events across the country, making “the UK’s biggest day of volunteering: to date.center_img Advertisement Barclays donates advertising space on London bikes for CSV’s volunteer campaign Tagged with: corporate Volunteeringlast_img read more

Afghan journalist shot dead in northwestern Pakistan

first_img January 28, 2021 Find out more Follow the news on Pakistan August 24, 2009 – Updated on January 20, 2016 Afghan journalist shot dead in northwestern Pakistan PakistanAsia – Pacific Reporters Without Borders is shocked and saddened to learn that Janullah Hashimzada, an Afghan journalist based in the Pakistani city of Peshawar, was killed today in an armed attack on the minibus in which he was travelling near the town of Jamrud in the northwestern Khyber Agency.“We offer our condolences to Janullah Hashimzada’s family and friends,” Reporters Without Borders said. “His murder highlights the sharp decline in the security situation in Pakistan, especially in the western Tribal Areas, where journalists are less and less free to move about.” The press freedom organisation added: “We urge the authorities to investigate this targeted killing properly with the aim of identifying its perpetrators and instigators and bringing them to justice. The impunity prevailing in the region must be combated.”Operating in plain view of other people, three masked men opened fire with pistols on the minibus, killing Hashimzada instantly and wounding another passenger, one of the passengers told a journalist. Hashimzada had been heading back to Peshawar from the border area at the time of the attack. His body was taken to a hospital in Jamrud.Aged 37 and a student at Peshawar university’s journalism school, Hashimzada worked for several Afghan and Pakistani news media including the Afghan TV station Shamshad, the Pashtun newspapers Vahdat and Sahar. He had also worked for the Afghan independent news agency Pajhwok for the past four years. Friends said he covered sensitive issues and had been subjected to threats and pressure during the past three weeks to abandon his journalistic work and leave Peshawar.The head of Pajhwok, Danish Karokhel, told Reporters Without Borders: “He was a professional journalist who covered major stories on the other side of the border. The key to identifying his murderers is to establish who had an interest in preventing the dissemination of the information he possessed.”Located between Afghanistan and Peshawar and part of the Federally Administered Tribal Areas, the Khyber Agency is a strategic region that is wracked by Taliban violence. Hashimzada was the fifth journalist to be killed this year in Pakistan, now the world’s second deadliest country for the media. One other Afghan journalist has been killed this year. June 2, 2021 Find out more Receive email alerts Pakistani supreme court acquits main suspect in Daniel Pearl murder April 21, 2021 Find out more Organisation Pakistani journalist critical of the military wounded by gunfirecenter_img News to go further RSF_en News News News Help by sharing this information Pakistani TV anchor censored after denouncing violence against journalists PakistanAsia – Pacific last_img read more

Journalist who criticised the army arrested at Istanbul airport

first_img to go further April 2, 2021 Find out more Human rights groups warns European leaders before Turkey summit RSF_en December 23, 2003 – Updated on January 20, 2016 Journalist who criticised the army arrested at Istanbul airport Follow the news on Turkey TurkeyEurope – Central Asia Help by sharing this information Organisation April 2, 2021 Find out more Journalists threatened with imprisonment under Turkey’s terrorism lawcenter_img TurkeyEurope – Central Asia Turkey’s never-ending judicial persecution of former newspaper editor News News April 28, 2021 Find out more News Receive email alerts Reporters Without Borders has condemned legal harassment of the former editor of the magazine Idea Politika, Erol Ozkoray, who was arrested on arrival from Paris at Ataturk Airport, Istanbul on 22 December. The journalist, who is facing legal proceedings in a number of press cases, was released the following day.Oskoray’s trouble with the law stems from having criticised the army and raising a variety of taboo subjects in his articles, such as the Kurdish question.The international press freedom organisation considers that the arrest contravenes the authorities’ commitment to stop abusive actions against journalists who are accused of mocking or insulting state institutions.An arrest warrant was issued against Oskoray on 14 November 2003 in connection with an article critical of the army headlined, “What is the army for?” published in autumn 2001. That edition of the magazine was seized and its publication banned by the Justice Ministry, at the request of the then armed forces chief of staff. Idea Politika has not been published since June 2002. The next hearing date in the trial has been fixed for 29 December 2003. The journalist also faces proceedings in five other press cases over articles in which he raised the Kurdish question and the role of the army in the country’s political life, published both in Idea Politika and on the Internet site of the same name. He risks up to 30 years in prison.In the framework of legislative reforms adopted in 2002, Article 159 of the criminal code, that had often been used against journalists, was amended. The current law nevertheless allows plenty of scope for interpretation by individual judges, who are free to assess to what extent a journalist’s criticism aims to intentionally ridicule or insult state institutions. Newslast_img read more

Banking Committee Approves HUD’s Nomination of Brian Montgomery

first_imgHome / Daily Dose / Banking Committee Approves HUD’s Nomination of Brian Montgomery Servicers Navigate the Post-Pandemic World 2 days ago About Author: Mike Albanese December 10, 2019 2,409 Views The Best Markets For Residential Property Investors 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Tagged with: Brian Montgomery HUD Related Articles The Best Markets For Residential Property Investors 2 days ago Brian Montgomery HUD 2019-12-10 Mike Albanese Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Previous: Redefining Property Preservation Contract Work Next: NFIP’s ‘Head-Scratching’ Short-Term Extensioncenter_img in Daily Dose, Featured, Government, News Share Save Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Banking Committee Approves HUD’s Nomination of Brian Montgomery Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago The Hon. Brian MontgomeryThe U.S. Senate Committee on Banking approved the nomination of Brian Montgomery as the new Deputy Secretary of the Department of Housing and Urban Development. Montgomery was approved by a final vote of 20-5.  His nomination will now move on to the Senate for approval.“Brian Montgomery’s record of service makes him ideally suited to serve as HUD’s new Deputy Secretary,” said Ed Delgado, President and CEO of Five Star Global. “In his role at FHA, Montgomery has implemented improvements to infrastructure in addition to important initiatives such as changes to False Claims Act oversight. I extend my heartfelt congratulations and look forward to HUD’s continued efforts to build a stronger and more sustainable system of American homeownership.”Montgomery was nominated for the position by HUD in October. He has served as HUD’s Assistant Secretary and managed the day-to-day operations of the agency and assist the Secretary in leading the department’s nearly 8,000 employees. He is also the Commissioner of the Federal Housing Agency. Montgomery said during the nomination hearing in October that he would continue to run the Federal Housing Agency until a replacement is named. He served as FHA Commissioner from 2005 to January 2009 and stepped back into the role in May 2018. This story will be updated.   Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

COVID Relief’s ‘Unanticipated Side Effect’ in the MBS Market

first_imgBoth the government and the mortgage industry have faced an uphill battle when adapting to the practical and economic realities of the COVID-19 pandemic. With so many X factors, it’s the unexpected is almost all that can be expected A new report from Bloomberg delves into a new change related to coronavirus relief that could benefit banks but negatively impact investors in mortgage-backed securities.The COVID-19 health crisis has put millions of impacted homeowners at risk of delinquency and foreclosure, fueling an “upheaval” in the mortgage market. Now, Bloomberg reports, banks and other lenders are beginning to act on the understanding that this allows them to buy home loans at below-market prices. According to Bloomberg, “The earnings would come from an unanticipated side-effect of Congress’ decision in March to allow homeowners affected by the pandemic to delay loan payments for as long as a year, combined with arcane regulations governing mortgage-backed securities.”Banks such as Wells Fargo & Co. and U.S. Bancorp are already buying, Bloomberg reports, frustrating bond holders who say the purchases are causing them losses.This so-called ‘loophole’ is possible, in part, due to Ginnie Mae regulations, Bloomberg reports. Ginnie rules allow banks and other lenders to buy loans out of mortgage securities at their par value when a borrower hasn’t made payments for 90 days, Bloomberg explained.  Investors value most of those loans at 5% to 10% above par, reportedly, “meaning the purchases result in an immediate writedown for the bond holders and a potential profit for the lender when they’re able to resell the loan.” Former Ginnie Mae President Ted Tozer, now a senior fellow at the Milken Institute, told Bloomberg, “The banks are setting themselves up for a huge windfall. It’s almost pure profit.”According to Bloomberg, sources from the lending and banking industry argue that the process is often risky and that it “has more to do with accounting issues than trying to score a quick profit.” Bank of America mortgage security strategist Michael Khankin, for one, expounded on the “risk” idea, noting that lenders that engage in extensive buyouts do face a potential downside. “This is not a riskless transaction,” said Khankin, who noted borrowers might default while a lender holds the loan or government agencies could change the rules again for when mortgages can be re-securitized. How accounting factors in: Rules force lenders to put loans on their balance sheets if they have an option to buy the mortgages “in the money,” meaning that exercising it would turn a profit, explained Bloomberg. On Wells Fargo’s Q2 earnings call last month, CFO John Shrewsberry said that accounting requirements influenced its loan purchases. Wells Fargo spokesman Tom Goyda said the bank regularly buys delinquent loans out of Ginnie pools to manage balance sheet impacts and to reduce expenses. Why the pandemic-prompted buyouts are different than in other situations: Loan buyouts aren’t new but now it’s about the uniquely large number of homeowners who’ve opted to delay their monthly payments because lawmakers have protected them from foreclosures. In general, those borrowers are expected to start paying their mortgages again. That means that, unlike during the 2008 financial crisis, lenders that buy delinquent loans might be able to easily resell them at premium prices as the mortgages become current. The outlet goes on to report that “Wells Fargo in July and August bought $19 billion of loans out of Ginnie securities for $1.5 billion less than the loans’ market price, according to Dhivya Krishna, head of research for hedge fund Metacapital Management LP, which invests in Ginnie mortgage bonds.” As for U.S. Bancorp, it bought $5 billion of such loans for $380 million less.  Other lenders have made smaller purchases, but some bond investors say that increasingly high delinquencies and nonpayments due to COVID-19 will cause these buying opportunities to blossom in coming months.  Now, if the economy rapidly improves in coming months, and homeowners, in large numbers, exit forbearance, said opportunities will dwindle. Home / Daily Dose / COVID Relief’s ‘Unanticipated Side Effect’ in the MBS Market Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Previous: ‘Online Buyers’ Contribute to Growing Home Sales Next: The Changing Face of Distressed Property Auctions COVID Relief’s ‘Unanticipated Side Effect’ in the MBS Market Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Christina Hughes Babb is a reporter for DS News and MReport. A graduate of Southern Methodist University, she has been a reporter, editor, and publisher in the Dallas area for more than 15 years. During her 10 years at Advocate Media and Dallas Magazine, she published thousands of articles covering local politics, real estate, development, crime, the arts, entertainment, and human interest, among other topics. She has won two national Mayborn School of Journalism Ten Spurs awards for nonfiction, and has penned pieces for Texas Monthly,, Dallas Observer, Edible, and the Dallas Morning News, among others. Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago 2020-08-20 Christina Hughes Babb Demand Propels Home Prices Upward 2 days ago About Author: Christina Hughes Babb August 20, 2020 1,779 Views Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Subscribelast_img read more

Donegal man jailed in Britian for failing to hand over illegally acquired assets

first_imgCover picture from Need for issues with Mica redress scheme to be addressed raised in Seanad also By News Highland – June 14, 2013 Almost 10,000 appointments cancelled in Saolta Hospital Group this week Twitter Previous articleMeadows playing fields in Strabane vandalised againNext articleBuncrana man jailed following 2010 assault in Derry News Highland Calls for maternity restrictions to be lifted at LUH Google+ Facebook Guidelines for reopening of hospitality sector published A Donegal man who was given the longest-ever jail sentence for illegal dumping in Britain two years ago has been sentenced to a further three years in jail for failing to hand over nearly £600,000 worth of illegally-acquired assets.65 year old Hugh O’Donnell, who has lived in Britain for decades, was jailed in 2011 after police and the Environment Agency raided his illegal dump in Aldermaston, near Reading, which the Irish Times reports was the size of five football pitches. Twitter Google+ Pinterest WhatsApp Facebook Donegal man jailed in Britian for failing to hand over illegally acquired assets Pinterest News WhatsApp RELATED ARTICLESMORE FROM AUTHOR Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton last_img read more

‘Delhi Govt. Did Not Take Steps To Prevent Covid Spread Despite Repeated Exhortations’: CentreTells Supreme Court

first_imgTop Stories’Delhi Govt. Did Not Take Steps To Prevent Covid Spread Despite Repeated Exhortations’: CentreTells Supreme Court Sanya Talwar27 Nov 2020 7:47 AMShare This – xIn pursuance of directions by the Supreme Court to put on record an affidavit stipulating measures and implementation of Covid19 prevention to the Centre, it has been informed by the centre that 10 states contribute to over 70 per cent of the active case load of the country.These are Maharashtra (18.9%), Kerala (14.7%), Delhi (8.5%), West Bengal (5.7%), Karnataka (5.6%), Uttar Pradesh…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginIn pursuance of directions by the Supreme Court to put on record an affidavit stipulating measures and implementation of Covid19 prevention to the Centre, it has been informed by the centre that 10 states contribute to over 70 per cent of the active case load of the country.These are Maharashtra (18.9%), Kerala (14.7%), Delhi (8.5%), West Bengal (5.7%), Karnataka (5.6%), Uttar Pradesh (5.4%), Rajasthan (5.5%), Chhattisgarh (5.0%), Haryana (4.7%) and Andhra Pradesh (3.1%). As on November 24, the Centre has stated that proactive and graded response with a robust institutional mechanism has been initiated, aligned with a whole of government approach.”India is now testing on an average, almost 1.1 million samples daily. This has been a remarkable increase from 6 thousand tests daily at the start of April. We are further trying to reduce the spread with the use of digital innovations such as Arogya Setu/ITIHAS to predict emerging hotspots and they are also aiding contact tracing efforts. Our efforts are also directed towards managing Covid, non-Covid health facilities should also be effectively managed – these include: immunization, maternal and child health services, cancer, dialysis, etc,” the Union states.The affidavit states that the Ministry of Home Affairs had intervened in the capital when the first wave of Coronavirus raged. “Action plans were devised and implemented but despite constant monitoring by the Ministry of Home Affairs about scrupulous compliance of the aforesaid directions by GNCT, various short-comings, going into the root of the matter, were noticed in the implementation of the aforesaid program,” the centre states.The affidavit goes on to highlight that after the shortcomings came to the fore on part of GNCT, the  shortcomings on their part were found such as ineffective preventive steps to contain the infection and non-enforcement of IEC measures well in time, considering the confluence of winter, festival season and pollution.It is stated that despite repeated exhortations in the wake of rising COVID-19 cases, the Delhi Government did not take steps to enhance testing capacity, particularly for RT-PCR, which remained static at around 20,000 RTPCR tests for a long time and containment measures as prescribed by the Ministry of Health and Family welfare including including house to house surveillance, contact tracing, quaranting and clinical management, were also not done properly, which has led to the spread of infection. Moreover, the affidavit adds that Patients who were under home isolation were not properly traced and/or their contact were also not traced effectively.The affidavit further states that in a survey of the 114 private hospitals in Delhi, which was carried out by the Ministry of Home Affairs (MHA) from 17.11.2020 to 18.11.2020, it was found that the observance of discharge policy and prescribed Clinical Management Protocol was very lax, thus leading to a large number of patients not being given the proper treatment. Delhi Government has now been asked to strictly comply with the prescribed protocols in this regard, the Union states.Today, when the matter was called for hearing, top court took suo motu cognisance of the fire which broke out at a COVID-19 designated hospital in Gujarat’s Rajkot in the wee hours of the morning today. The Court stated that the breaking of fires in Covid19 hospitals is repetitive and no legitimate measures were being taken by the authorities to mitigate and prevent these fires in hospitals. The court directed the Centre to bring on record the steps to prevent fires in hospitals by Tuesday next week and also directed the State of Gujarat to submit a report.The bench also pointed out that even though the Covid wave was uncontrollable and was getting from bad to worse since March, no concrete steps were being taken either by the Centre or the States.Court said that processions are being taken out and 80% people are not wearing masks. Rest have masks hanging on to their jaw.”There are SOP’s, there are guidelines but there is no will!,” the bench said.The Solicitor General told the court that there was a need to implement measures more stringently by State Governments. “Of course, this is not “Us Vs. Them”, its Us Together. I must add, 10 states adding to 70 per cent of the rising Covid cases including Maharashtra, Delhi, Andhra Pradesh,” the law officer added.The directions were given in the suo moto case titled, “In Re: Proper Treatment of COVID-19 Patients and Dignified Handling of Dead Bodies in the Hospitals, etc”.Click Here To Download AffidavitNext Storylast_img read more

Pulse nightclub shooter’s cell phone data explored in wife’s trial

first_imgRed Huber/Orlando Sentinel/TNS via Getty Images(NEW YORK) —  An extensive FBI review of Pulse nightclub shooter Omar Mateen’s cell phone records and internet searches in the weeks before the June 2016 attack revealed research about the Islamic State, U.S. bombings in the Middle East and how to buy a gun in Florida, according to testimony Wednesday in the federal trial of Mateen’s wife, Noor Salman.It also revealed a flurry of text messages from Salman to her husband during the early morning hours in which he was massacring scores of nightclub patrons, which don’t seem to conform to the government’s argument that Salman knew about the attack and actively helped her husband plan it. At 7:29 p.m on June 11, she wrote “calling your mom she’s worried” to her husband, according to an FBI computer expert who took the stand on Wednesday.By 10 p.m. Mateen was Google searching information on Disneyworld and a school in Disney Springs. By 1:30 a.m. he was searching “downtown Orlando nightclubs.”The shooting began shortly after 2 a.m. on Sunday morning, June 12.At 2:42 a.m and again at 4:27 a.m, Salman texted Mateen, asking “where are you?” When Mateen texted back “everything OK,” Salman replied “your mom [is] worried about you, and so am I.”A moment later, she texted, “you know you have to work tomorrow, right?” That was followed by texts to Mateen that included one that read “???” and two more that asked “what happened?”On cross examination, FBI Special Agent Kim Rosecrans, acknowledged that in the days leading up to the attack, Mateen was also searching singles dating websites.Salman, who has pleaded not guilty, is charged with providing material support to a foreign terrorist organization and obstruction of justice, and could face up to life in prison if convicted. Both Mateen’s mother and sister testified for the prosecution on Wednesday afternoon, each confirming that Salman had told them Mateen was out to dinner with his friend Nemo the night of June 11. Both women also said they had never heard Mateen discuss violence, jihad, the Islamic State or terrorism.Mateen’s sister Sabrina Abasin testified that she trusted Salman with her kids, that Salman never expressed political beliefs, only attended a mosque occasionally and was “more modern” than other female Muslim-Americans in the area, embracing U.S. holidays like Christmas and Halloween as well as Muslim holy days.On cross-examination, Mateen’s mother, Shahla Mateen, agreed with defense attorney Fritz Schellar’s assertions that she considers Salman, her daughter-in-law, “naive” and “very much like a child” and that she had counseled Salman that she needs to be “more mature” and “needs to grow up.”“She’s very naive….innocent, trusting of others?” Schellar asked.“Right,” Mateen replied.Prosecutors are expected to wrap up their case on Thursday, and the defense is expected to call eight to 10 witnesses over two days next week. Closing arguments could begin as early as next Wednesday.Copyright © 2018, ABC Radio. All rights reserved.last_img read more

Michael Avenatti trying to hide assets from creditors: Prosecutors

first_imgSpencer Platt/Getty Images(LOS ANGELES) — Michael Avenatti, Stormy Daniels’ former lawyer and an outspoken critic of Donald Trump, finds himself embroiled in a new round of legal trouble after being arrested Tuesday night in California.Already awaiting trial in California and New York, Avenatti was arrested again while leaving a court hearing over revoking his law license. He’s due in Manhattan federal court next week over accusations of extorting Nike for millions of dollars.He’s pleaded not guilty in both cases.IRS agents took Avenatti into custody for allegedly violating terms of his bail. He’s facing a long list of accusations in California, including stealing money from clients and not paying his taxes.In court documents obtained by ABC News, federal prosecutors allege that while Avenatti, who they said is millions of dollars in debt because of a “high-roller lifestyle,” was on pretrial release for the California case he was orchestrating complex schemes to hide assets from creditors.“The fact that defendant continued to engage in criminal conduct after he had been indicted in this case and while on bond demonstrates that defendant remains a substantial economic danger to the community,” prosecutors wrote in a request to revoke Avenatti’s bail. That request was approved by a judge before his arrest.Among the money-hiding crimes prosecutors allege, they said that in May 2019 Avenatti arranged for his ex-wife to use funds from a hidden chunk of his money to buy a $50,000 Mercedes Benz in her name that he and his driver used. Prosecutors have argued Avenatti had first completed the paperwork to buy the car but returned with his ex-wife to purchase it in her name.Prosecutors also said Avenatti’s girlfriend took a vacation to an exclusive resort in Tuscany, Italy, as his guest, and that he has citizenship there, which they said raises questions over whether he’s hidden assets there.Avenatti skyrocketed to fame alongside former client Stormy Daniels, who filed multiple lawsuits, unsuccessfully, against Trump. The brash and outspoken lawyer quickly became a fixture on cable news shows and received flattering coverage in Vanity Fair and The New York Times Magazine. He was asked about his skincare routine and Tom Ford suits during a photoshoot with Daniels by Annie Leibovitz.Then last spring, federal prosecutors in New York and California indicted him on charges of extortion, fraud and embezzlement, including allegations Avenatti stole millions of dollars from a paraplegic client.In May, New York federal prosecutors filed additional charges, this time alleging Avenatti stole $300,000 from Daniels, his most famous client. Avenatti has pleaded not guilty to all charges and has been vocal on social media maintaining his innocence.Copyright © 2020, ABC Audio. All rights reserved.last_img read more