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United, Apple rolling out new way to track lost luggage with AirTagsBy LARRY NEUMEISTER NEW YORK (AP) — The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business. Alexander Mashinsky , 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud. He admitted illegally manipulating the price of Celsius’s proprietary crypto token while secretly selling his own tokens at inflated prices to pocket about $48 million before Celsius collapsed into bankruptcy in 2022. In court, he admitted that in 2021 he publicly suggested there was regulatory consent for the company’s moves because he knew that customers “would find false comfort” with that. And he said that in 2019, he was selling the crypto tokens even though he told the public that he was not. He said he knew customers would draw false comfort from that too. “I accept full responsibility for my actions,” Mashinsky said of crimes that stretched from 2018 to 2022 as the company pitched itself to customers as a modern-day bank where they could safely deposit crypto assets and earn interest. U.S. Attorney Damian Williams said in a release that Mashinsky “orchestrated one of the biggest frauds in the crypto industry” as his company’s assets purportedly grew to about $25 billion at its peak, making it one of the largest crypto platforms in the world. He said Mashinsky used catchy slogans like “Unbank Yourself” to entice prospective customers with a pledge that their money would be as safe in crypto accounts as money would be in a bank. Meanwhile, prosecutors said, Mashinsky and co-conspirators used customer deposits to fund market purchases of the Celsius token to prop up its value. Machinsky made tens of millions of dollars selling his own CEL tokens at artificially high prices, leaving his customers “holding the bag when the company went bankrupt,” Williams said. An indictment alleged that Mashinsky promoted Celsius through media interviews, his social media accounts and Celsius’ website, along with a weekly “Ask Mashinsky Anything” session broadcast that was posted to Celsius’ website and a YouTube channel. Celsius employees from multiple departments who noticed false and misleading statements in the sessions warned Mashinsky, but they were ignored, the indictment said. A plea agreement Mashinsky made with prosecutors calls for him to be sentenced to up to 30 years in prison and to forfeit over $48 million, which is the amount of money he allegedly made by selling his company’s token. Sentencing was scheduled for April 8.
PNC Financial Services Group Inc. cut its stake in shares of Texas Roadhouse, Inc. ( NASDAQ:TXRH – Free Report ) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,993 shares of the restaurant operator’s stock after selling 994 shares during the period. PNC Financial Services Group Inc.’s holdings in Texas Roadhouse were worth $8,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other institutional investors have also modified their holdings of the stock. SG Americas Securities LLC lifted its position in Texas Roadhouse by 200.6% in the second quarter. SG Americas Securities LLC now owns 19,067 shares of the restaurant operator’s stock worth $3,274,000 after buying an additional 12,725 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Texas Roadhouse by 194.9% in the third quarter. Victory Capital Management Inc. now owns 67,733 shares of the restaurant operator’s stock valued at $11,962,000 after acquiring an additional 44,768 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Texas Roadhouse by 0.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 483,045 shares of the restaurant operator’s stock worth $85,306,000 after purchasing an additional 4,391 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Texas Roadhouse by 320.0% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,940 shares of the restaurant operator’s stock valued at $2,050,000 after purchasing an additional 9,097 shares during the last quarter. Finally, Assetmark Inc. raised its position in Texas Roadhouse by 1,042.2% in the 3rd quarter. Assetmark Inc. now owns 9,709 shares of the restaurant operator’s stock worth $1,715,000 after purchasing an additional 8,859 shares during the period. 94.82% of the stock is owned by institutional investors. Insider Buying and Selling at Texas Roadhouse In related news, CTO Hernan E. Mujica sold 1,500 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $202.26, for a total value of $303,390.00. Following the completion of the transaction, the chief technology officer now directly owns 16,342 shares in the company, valued at $3,305,332.92. The trade was a 8.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . Also, Director Donna E. Epps sold 610 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $195.66, for a total transaction of $119,352.60. Following the sale, the director now owns 3,532 shares in the company, valued at approximately $691,071.12. This represents a 14.73 % decrease in their position. The disclosure for this sale can be found here . Company insiders own 0.50% of the company’s stock. Texas Roadhouse Stock Up 1.2 % Texas Roadhouse ( NASDAQ:TXRH – Get Free Report ) last released its quarterly earnings data on Thursday, October 24th. The restaurant operator reported $1.26 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.06). Texas Roadhouse had a net margin of 7.65% and a return on equity of 31.33%. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company earned $0.95 earnings per share. The firm’s revenue was up 13.5% on a year-over-year basis. As a group, research analysts expect that Texas Roadhouse, Inc. will post 6.39 earnings per share for the current year. Texas Roadhouse Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, December 10th. Texas Roadhouse’s dividend payout ratio is currently 41.92%. Analyst Ratings Changes Several brokerages have commented on TXRH. Citigroup upped their price objective on Texas Roadhouse from $192.00 to $201.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Wells Fargo & Company lifted their price objective on shares of Texas Roadhouse from $165.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Truist Financial upped their target price on shares of Texas Roadhouse from $202.00 to $207.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stephens lifted their price target on shares of Texas Roadhouse from $170.00 to $176.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Finally, Evercore ISI increased their price objective on Texas Roadhouse from $195.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 15th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $189.00. View Our Latest Report on TXRH About Texas Roadhouse ( Free Report ) Texas Roadhouse, Inc, together with its subsidiaries, operates casual dining restaurants in the United States and internationally. It also operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names in 49 states and ten internationally. Texas Roadhouse, Inc was founded in 1993 and is based in Louisville, Kentucky. See Also Want to see what other hedge funds are holding TXRH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Roadhouse, Inc. ( NASDAQ:TXRH – Free Report ). Receive News & Ratings for Texas Roadhouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Roadhouse and related companies with MarketBeat.com's FREE daily email newsletter .
Andersen 2-9 0-0 6, Janelle Brown 5-10 3-6 13, L'Amoreaux 6-14 4-4 19, Nicoletti Leite 6-8 0-0 13, Selimovic 5-5 1-2 13, Beach 1-1 2-2 4, Raiana Brown 0-0 0-0 0, Coe 1-1 0-0 2, McGruder 1-2 0-0 2, Totals 27-50 10-14 72 Javascript is required for you to be able to read premium content. Please enable it in your browser settings.