Mahmoud Amin Ya’qub Al-Muhtadi, 33, a Gazan native currently residing in Lafayette, Louisiana, was arrested yesterday for his alleged involvement in the Hamas-led terrorist attack against Israel on Oct. 7, 2023.
“After hiding out in the United States, this monster has been found and charged with participating in the atrocities of October 7 — the single deadliest day for Jewish people since the Holocaust,” said Attorney General Pamela Bondi. “While nothing can fully heal the scars left by Hamas’s brutal attack, this Department’s Joint Task Force October 7 is dedicated to finding and prosecuting those responsible for that horrific day, including the murder of dozens of American citizens. We will continue to stand by Jewish Americans and Jewish people around the world against anti-Semitism and terrorism in all its forms.”
“As set forth in documents filed yesterday, on October 7, when Al-Muhtadi learned of the unfolding barbaric attack on Israel and civilians from multiple nations, including the United States, he sprang into action. He armed himself, recruited additional marauders, and then entered Israel, where there is evidence placing him near one of the worst-hit Israeli communities,” said Assistant Attorney General for National Security John A. Eisenberg. “Subsequently, Al-Muhtadi fraudulently obtained a visa to enter the United States where he hoped to remain undetected. This arrest is the first public step in bringing to justice those responsible for harming Americans on that day.”
“October 7 is a day that lives in infamy for so many, Gentile and Jew alike, because of the terrorist attack on Israel that began a wave of antisemitic violence,” said U.S. Attorney Zachary A. Keller for the Western District of Louisiana. “Let this arrest serve as a reminder both that those who perpetrate acts of terrorism cannot evade justice by hiding in our communities and that state, local, and federal law enforcement — here, the FBI, U.S. Customs and Border Patrol, Louisiana State Police, Lafayette Police Department, and Lafayette Parish Sheriff’s Office — are working tirelessly to bring these people to justice.”
According to court documents, Al-Muhtadi is an operative for the Democratic Front for the Liberation of Palestine’s (DFLP) military wing, the National Resistance Brigades (NRB, also known as the Martyr Umar al-Qasim Forces), a Gaza-based paramilitary group that participated in the Hamas-led terrorist attack against Israel on Oct. 7, 2023.
As alleged, on the morning of Oct. 7, 2023, Al-Muhtadi learned about the Hamas invasion, armed himself, gathered others, and crossed into Israel with the intention of assisting in Hamas’s terrorist attack. According to the complaint, Al-Muhtadi’s phone utilized a cell tower located near Kibbutz Kfar Aza in Israel – the location of a horrifying massacre by Hamas and its supporters resulting in the deaths of many civilians, including at least four American citizens.
In addition, Al-Muhtadi allegedly provided false information in his U.S. visa application relating to his involvement with a paramilitary organization, connection to Hamas, participation in a terrorist attack, and military training. Al-Muhtadi swore to the accuracy of numerous materially false statements in his visa application with respect to at least his affiliation with DFLP, the NRB, and Hamas, his training, and his involvement in the Oct. 7, 2023, attacks. According to U.S. Department of Homeland Security Customs and Border Protection records, Al-Muhtadi entered the United States on Sept. 12, 2024.
Joint Task Force October 7 (JTF 10-7) and the FBI New Orleans Field Office are investigating the case, with valuable assistance from Israeli authorities, including the State Attorney’s Office of Israel, the Israeli Security Agency, Lahav 433 and the Intelligence and Investigation Department of the Israel National Police, the Israel Defense Forces, and the Israeli National Bureau for Counter Terror Financing, as well as the FBI Law Enforcement Attache Office in Israel. The Louisiana State Police, U.S. Customs and Border Protection, Lafayette Police Department and the Lafayette Parish Sheriff’s Office also provided significant assistance.
Assistant U.S. Attorney John Nickel for the Western District of Louisiana; Trial Attorneys A.J. Dixon, Andrew Sigler and JTF 10-7 Lead Attorney Alicia Cook of the National Security Division’s Counterterrorism Section; and Assistant U.S. Attorney Zoe Bedell for the Eastern District of Virginia are prosecuting the case. Valuable assistance was also provided by Trial Attorney Mark Aziz with the Justice Department’s Office of International Affairs.
Al-Muhtadi’s presence in the U.S. was discovered by JTF 10-7. Established in February 2025 by Attorney General Pamela Bondi, JTF 10-7 was created to spearhead the Justice Department’s ongoing investigations into the perpetrators of the heinous October 7, 2023, terrorist attack on Israel, in which approximately 1,200 people were murdered by Hamas, including 49 U.S. citizens, and approximately 250 additional people were abducted by Hamas, including 8 U.S. citizens. The task force reinforces the Department’s commitment to degrading and dismantling Hamas, holding Hamas supporters accountable, achieving justice for victims, and fighting terrorist-led antisemitism.
New York State is investing nearly $80 million to help seven non-MTA transit systems switch to cleaner buses and build the charging and hydrogen infrastructure they need. Through the Zero-Emission Transit Transition (ZETT) Program—first launched with $100 million in December 2024 and boosted by $20 million in the FY26 budget—funding goes to CDTA, Centro, NFTA, RTS, Suffolk County Transit, Broome County Transit, and Ulster County Area Transit. Projects include new maintenance and training facilities, utility and safety upgrades, two hydrogen-electric buses for CDTA, up to 18 battery-electric buses for NFTA, 10 hydrogen-electric buses for RTS, 12 battery-electric buses for Suffolk County, three for Broome County, and planning for UCAT’s new EV-ready depot. The goal is simple: cut greenhouse gases, improve air quality, and modernize transit across New York.
Governor Kathy Hochul announced that nearly $80 million in state funding has been awarded to help seven transit providers expand their use of zero-emission vehicles under the state’s Zero-Emission Transit Transition Program (ZETT). The program supports the Governor’s nation-leading agenda to reduce greenhouse gas emissions and achieve New York’s energy goals.
“New York’s push to transition public transit agencies to zero-emission fleets is a crucial step in achieving our clean energy goals,” Governor Hochul said. “Increasing the number of zero-emission transit vehicles in every corner of our state will deliver cleaner air and healthier communities across New York.”
New York State State Department of Transportation Commissioner Marie Therese Dominguez said, “Under Governor Hochul’s leadership, New York continues to make targeted, smart investments in zero emission transit to reduce greenhouse gas emissions and NYSDOT’s ZETT program is focused on providing clean transportation alternatives for areas across the Empire State. The Zero-Emission Transit Transition (ZETT) program offers local New York transit agencies a unique opportunity to invest in climate-friendly vehicles for their respective fleets, which will help improve the health of local communities while reducing the state’s carbon footprint.”
Non-MTA transit authorities were encouraged to apply for funding to support the acquisition of zero-emission transit vehicles, construction of facilities and utility infrastructure for charging and fueling, and necessary planning and design phases for zero-emission capital projects.
Award recipients and their projects:
Capital District Transportation Authority (CDTA) – $17.5 million: This project will involve the planning, design, and construction of a new training and maintenance facility to support a zero-emission fleet that will cover service in Schenectady and Montgomery Counties, and parts of Saratoga County. The project also includes the purchase of two hydrogen-electric/fuel-cell buses.
Central New York Regional Transportation Authority (Centro) – $17.5 million: This project will consolidate facilities and operations in Oneida County to support the transition to a zero-emission fleet, allowing for potential expansion to Madison and Herkimer Counties. The project also includes the purchase of battery-electric and/or hydrogen-electric/fuel-cell vehicles.
Niagara Frontier Transportation Authority (NFTA) – $17.5 million: This project will install two lanes of charging infrastructure at the Cold Spring Bus Garage and fund the purchase of 18 battery-electric buses. Additionally, a feasibility study will be conducted to determine the infrastructure requirements and costs of expanding the zero-emission fleet to the Frontier and Babcock Bus Garages.
Rochester-Genesee Regional Transportation Authority (RTS) – $17.5 million: This facility infrastructure project will update the operations building with utility and safety improvements to accommodate hydrogen-electric/fuel-cell buses. It will also fund the purchase of 10 hydrogen-electric/fuel-cell buses.
Suffolk County Transit – $5 million: This project provides funding for the purchase of 12 battery-electric buses.
Broome County Transit – $3.34 million: This project provides funding for the purchase of three battery-electric buses.
Ulster County Area Transit (UCAT) – $1.35 million: This project will fund a site selection and design of a new bus facility equipped with electric vehicle charging capabilities.
First announced in December 2024, the ZETT Program provides $100 million in funding to transit providers across New York State to support the transition of transit fleets to zero-emission propulsion (battery-electric and hydrogen-electric). The FY26 Enacted Budget added $20 million to the fund. Eligible applicants included transit authorities, counties, municipalities, and other entities receiving or eligible to receive New York Statewide Mass Transportation Operating Assistance (STOA). The Metropolitan Transportation Authority (MTA) and intercity bus operators were not eligible.
State Senator Jeremy Cooney said, “I’ve always believed that our state’s ambitious climate goals go hand-in-hand with our transportation and infrastructure goals. Thanks to Governor Hochul’s leadership, New York is establishing itself at the forefront of clean transportation options that will create a greener future for our state while meeting the transit needs of New Yorkers.”
Assembly Transportation Committee Chair William Magnarelli said, “It is encouraging to see funding going out to transit authorities to support the transition to zero-emission vehicles. The proper infrastructure is needed for this transition and these awards will help in this effort, especially Central New York.”
About the State Department of Transportation It is the mission of the New York State Department of Transportation to provide a safe, reliable, equitable and resilient transportation system that connects communities, enhances quality of life, protects the environment and supports the economic well-being of New York State.
Lives are on the line; slow down and move over for highway workers! For more information, find us on Facebook, follow us on X or Instagram, or visit the DOT website. For up-to-date travel information, call 511, visit www.511NY.org or download the free 511NY mobile app.
October 14, 2025
Albany, NY
Data Table for US Climate Spending and Fossil Fuel Production in China, India, and Russia (2000–2024, Every 3 Years)
This table presents data points for 2000 and every 3 years thereafter (2003, 2006, 2009, 2012, 2015, 2018, 2021, 2024). Metrics follow prior definitions:
US Climate Spending: Approximate federal annual outlays ($ billions, nominal USD) on mitigation, adaptation, research, and clean energy programs (sources: OMB, GAO, CBO, RMI analyses).
Production: Coal in million metric tons (Mt); oil in thousand barrels per day (kb/d) (sources: BP Statistical Review, EIA, CEIC, national stats).
Trends: US spending surged post-2009 (ARRA) and post-2021 (IRA/IIJA); target countries’ production grew due to domestic energy demands, not US policy.
Year
US Climate Spending ($B)
China Coal (Mt)
China Oil (kb/d)
India Coal (Mt)
India Oil (kb/d)
Russia Coal (Mt)
Russia Oil (kb/d)
2000
2.0
1,300
3,400
310
700
270
6,200
2003
2.3
1,800
3,500
340
730
285
9,000
2006
2.6
2,300
3,800
460
730
325
9,800
2009
28.9
3,100
4,000
510
760
320
9,900
2012
3.7
3,600
4,100
550
770
340
10,300
2015
4.0
3,800
4,100
700
750
390
11,000
2018
13.3
3,700
4,000
740
720
440
11,200
2021
20.0
4,000
4,000
750
690
430
10,000
2024
50.0
4,800
4,300
1,050
590
430
9,200
Key Observations from These Intervals
US Spending Growth: From ~$2B (2000) to $50B (2024), a ~2,400% increase, driven by legislative spikes (e.g., 2009 stimulus to $28.9B; 2021+ laws averaging $50B/year).
Department of Justice Files Largest Ever Forfeiture Action Against Approximately $15B in Bitcoin Currently in U.S. Custody
An indictment was unsealed today in federal court in Brooklyn, New York, charging UK and Cambodian national Chen Zhi, also known as Vincent, 37, the founder and chairman of Prince Holding Group (Prince Group), a multinational business conglomerate based in Cambodia, with wire fraud conspiracy and money laundering conspiracy for directing Prince Group’s operation of forced-labor scam compounds across Cambodia. Individuals held against their will in the compounds engaged in cryptocurrency investment fraud schemes, known as “pig butchering” scams, that stole billions of dollars from victims in the United States and around the world. The defendant is at large.
The U.S. Attorney’s Office for the Eastern District of New York and the Justice Department’s National Security Division also filed today a civil forfeiture complaint against approximately 127,271 Bitcoin, currently worth approximately $15 billion, that are proceeds and instrumentalities of the defendant’s fraud and money laundering schemes, and were previously stored in unhosted cryptocurrency wallets whose private keys the defendant had in his possession. Those funds (the Defendant Cryptocurrency) are presently in the custody of the U.S. government. The complaint is the largest forfeiture action in the history of the Department of Justice.
“Today’s action represents one of the most significant strikes ever against the global scourge of human trafficking and cyber-enabled financial fraud,” said Attorney General Pamela Bondi and Deputy Attorney General Todd Blanche. “By dismantling a criminal empire built on forced labor and deception, we are sending a clear message that the United States will use every tool at its disposal to defend victims, recover stolen assets, and bring to justice those who exploit the vulnerable for profit. We are grateful for the hard work of Director Patel and the men and women of the FBI.”
“Today the FBI and partners executed one of the largest financial fraud takedowns in history,” said FBI Director Kash Patel. “This is an individual who allegedly operated a vast criminal network across multiple continents involving forced labor, money laundering, investment schemes, and stolen assets — targeting millions of innocent victims in the process. Justice will be done and I’m proud of the men and women of the FBI who executed the mission faithfully.”
“As alleged, the defendant was the mastermind behind a sprawling cyber-fraud empire operating under the Prince Group umbrella, a criminal enterprise built on human suffering. Trafficked workers were confined in prison-like compounds and forced to carry out online scams on an industrial scale, preying on thousands worldwide, including many here in the United States,” said Assistant Attorney General for National Security John A. Eisenberg. “This indictment and historic forfeiture, the largest in Department history, reflect our commitment to using every tool at our disposal to ensure such crimes do not pay.”
“As alleged, the defendant directed one of the largest investment fraud operations in history, fueling an illicit industry that is reaching epidemic proportions,” said U.S. Attorney Joseph Nocella Jr. for the Eastern District of New York. “Prince Group’s investment scams have caused billions of dollars in losses and untold misery to victims around the world, including here in New York, on the backs of individuals who have been trafficked and forced to work against their will. This historic indictment and forfeiture complaint send a strong message to fraudsters everywhere that we will pursue you no matter where you are, no matter who you are, and no matter your insidious methods, and we will never stop fighting for victims.”
As alleged in the indictment and forfeiture complaint, since approximately 2015, the defendant has been the founder and chairman of Prince Group, a Cambodian corporate conglomerate that operates dozens of business entities in more than 30 countries. Prince Group is ostensibly focused on real estate development, financial services, and consumer services. However, in secret, the defendant and his top executives grew Prince Group into one of Asia’s largest transnational criminal organizations. Under the defendant’s direction, Prince Group made enormous profits operating scam compounds across Cambodia that perpetrated fraudulent cryptocurrency investment schemes.
To perpetrate these schemes, malicious actors contacted unwitting victims through messaging or social media applications and convinced them to transfer cryptocurrency to specified accounts based on false promises that the funds would be invested and generate profits. In reality, the funds were stolen from the victims and laundered for the benefit of the perpetrators. The scam perpetrators often built relationships with their victims over time, earning their trust before stealing their funds.
Prince Group’s schemes targeted victims around the world, including in the United States, with assistance from local networks working on Prince Group’s behalf. One such network operated in Brooklyn, New York, and facilitated the fraudulent transfer and laundering of millions of dollars on behalf of Prince Group from over 250 victims in New York and across the country.
Prince Group carried out these schemes by trafficking hundreds of workers and forcing them to work in compounds in Cambodia and execute the scams, often under the threat of violence. The compounds housed vast dormitories surrounded by high walls and barbed wire, and functioned as violent forced labor camps. The defendant was directly involved in managing the scam compounds and maintained records associated with each one, including ledgers tracking profits and which fraudulent schemes were run out of which rooms. The defendant also maintained documents describing and depicting “phone farms” at the compounds: automated call centers that used thousands of phones and millions of mobile telephone numbers to facilitate the various fraudulent schemes. The defendant was directly involved in using violence against the individuals within the forced labor camps and possessed images of Prince Group’s violent methods, including photographs depicting beatings and other methods of torture. The defendant communicated directly with his subordinates about beating individuals who “caused trouble,” in one case specifying that the victims should not be “beaten to death.”
In furtherance of these schemes, the defendant and a close network of Prince Group’s top executives used their political influence in multiple foreign countries to protect their criminal enterprise and paid bribes to public officials to avoid disruption by law enforcement. They subsequently laundered the proceeds of the fraudulent schemes through professional money laundering operations and through Prince Group’s own network of ostensibly legal business enterprises, including its online gambling and cryptocurrency mining operations.
At the defendant’s direction, Prince Group associates used sophisticated cryptocurrency laundering techniques to obscure the source of fraudulent Prince Group profits, including “spraying” and “funneling” techniques in which large volumes of cryptocurrency were repeatedly disaggregated across scores of virtual currency addresses and then re-consolidated into fewer addresses to obscure the source of the funds. Some of these criminal proceeds were ultimately held in wallets at cryptocurrency exchanges or exchanged for traditional currency and stored in traditional bank accounts. Other criminal proceeds included the Defendant Cryptocurrency, which was stored in unhosted cryptocurrency wallets whose private keys the defendant personally held. The defendant maintained diagrams recording the process by which some of the Defendant Cryptocurrency was laundered. The defendant boasted to others of Prince Group’s mining businesses that “the profit is considerable because there is no cost” — that is, unlike legitimate enterprises, the operating capital for the cryptocurrency mining businesses comprised money stolen from Prince Group’s many victims.
The defendant and his co-conspirators subsequently used some of the criminal proceeds for luxury travel and entertainment and to make extravagant purchases such as watches, yachts, private jets, vacation homes, high-end collectables, and rare artwork, including a Picasso painting purchased through an auction house in New York City.
If convicted, the defendant faces a maximum penalty of 40 years in prison.
In parallel with today’s actions by the Department of Justice, the Department of the Treasury today designated Prince Group as a transnational criminal organization and announced sanctions against the defendant and multiple associated individuals and entities, for their roles in illicit activity. The United Kingdom’s Foreign, Commonwealth and Development Office also announced sanctions.
The FBI New York Joint Asian Criminal Enterprise Task Force is investigating the case, with assistance from the FBI’s Virtual Asset Unit.
If you have information about Chen Zhi or Prince Group, please contact the FBI at PrinceGroupTips@fbi.gov. According to the FBI Internet Crime Complaint Center’s 2024 Internet Crime Report, cryptocurrency investment fraud caused more than $5.8 billion in reported losses in 2024 alone. You can learn more about cryptocurrency investment fraud here. Members of the public who believe they are victims of cryptocurrency investment fraud and other cyber-enabled crime should contact the FBI Internet Crime Complaint Center at www.ic3.gov.
Assistant U.S. Attorneys Alexander F. Mindlin, Andrew D. Reich, Benjamin Weintraub and Rebecca M. Schuman for the Eastern District of New York are prosecuting the case in partnership with Deputy Chief Christopher B. Brown of the National Security Division’s NatSec Cyber Section, and Assistant U.S. Attorney Tanisha Payne for the Eastern District of New York’s Asset Recovery Section is handling forfeiture matters.
The Department of Justice’s Office of International Affairs provided valuable assistance duringthe investigation. The Government also thanks the United Kingdom’s National Crime Agency, the Isle of Man Constabulary’s Proactive International Money-Laundering Investigations Team and the United Kingdom’s Foreign, Commonwealth & Development Office, which also announced sanctions today against entities related to Prince Group.
An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.
New York Attorney General Letitia James announced on October 14, 2025 that eight car insurance companies will pay $14.2 million and strengthen their cybersecurity after hackers exploited “pre-fill” quote tools and exposed driver’s license numbers and other data for more than 825,000 New Yorkers—information later used in some fraudulent unemployment claims. The settlements—with American Family/Midvale, Farmers, Hagerty, The Hartford, Infinity, Liberty Mutual, Metromile, and State Auto—require better authentication, monitoring, logging, data inventories, and incident response; affected New Yorkers were offered one year of free credit monitoring. Combined with earlier actions against four other insurers, AG James has now secured $20.79 million from 10 auto insurance companies for data security failures.
– New York Attorney General Letitia James today secured $14.2 million from eight car insurance companies for failing to protect the private information of more than 825,000 New Yorkers. The data breaches were part of a hacking campaign that targeted car insurance companies’ quoting tools and stole people’s personal information, including driver’s license numbers and dates of birth. The hackers later used some of the stolen driver’s license information to file fraudulent unemployment claims at the height of the COVID-19 pandemic.
An investigation by the Office of the Attorney General (OAG) and the New York State Department of Financial Services (DFS) concluded that the car insurance companies did not implement reasonable data security controls to protect consumers’ private information. Today’s settlements require all eight companies to pay penalties and significantly improve their data security. Affected New Yorkers were offered free credit report monitoring for one year. Attorney General James previously secured $6.5 million from four other car insurance companies for also failing to protect New Yorkers’ data. To date, Attorney General James has secured a total of $20.79 million from 10 auto insurance companies. Attorney General James encourages companies to follow guidance provided by her office to protect consumers’ personal data.
“New Yorkers pay hundreds of dollars in car insurance each month. When they go searching for a cheaper option, they should not have to worry that their private information could be stolen,” said Attorney General James. “These eight car insurance companies had poor cybersecurity that allowed hackers to easily steal New Yorkers’ personal information and use some of the information for fraud. I thank the Department of Financial Services and the Department of Labor for their partnership and continued work to hold companies accountable when they fail to protect consumers.”
These companiesallowed people to obtain a car insurance price quote using an online tool. Some of the companies also provided password protected tools to insurance agents to generate quotes for customers.
The OAG’s investigation found that data thieves were able to exploit a “pre-fill” function in the companies’ online quoting tools. After limited private information about an individual was entered through an online quoting tool, the company would “pre-fill” the form with private information purchased from data brokers. The purpose of “pre-fill” was to insert information the user might not have on hand and make filling out the form easier. For example, by entering limited information into the tool, such as a person’s full name and date of birth, the other fields on the tool were pre-populated, such as an individual’s driver’s license numbers and similar information about other drivers in their household. The OAG found that the car insurance companies did not take reasonable steps to protect pre-fill private information. The attacks on these eight companies exposed the private information of over 825,000 New Yorkers. Some of the exposed data was later used to file unemployment claims during the COVID-19 pandemic.
The OAG’s investigation revealed that several companies suffered more than one attack, did not have common security tools in place to prevent and detect attacks, and/or did not use multifactor authentication to protect agent account credentials. Key findings from the investigations include:
Farmers Insurance experienced three different attacks, exposing the private information of approximately 45,000 New Yorkers. After the first attack, Farmers did not identify similar vulnerabilities in additional tools that were also exploited.
American Family Mutual Insurance Company / Midvale Indemnity Company each exposed the private information of approximately 100,000 New Yorkers. The companies mistakenly exposed the majority of these records after a transition between two security systems. The companies did not create a comprehensive protected data inventory before that transition and did not reasonably test the attacked tools after that transition.
State Auto Mutual Insurance Company exposed the private information of over 100,000 New Yorkers. State Auto’s quote tools were not protected by common security tools that monitor and detect suspicious patterns, such as excessive requests from the same user or multiple requests by the same user from different IP addresses.
Metromile exposed the private information of approximately 90,000 New Yorkers in a single attack that was not detected for two months. Metromile did not use common security tools to prevent and detect attacks.
Liberty Mutual Insurance experienced attacks on three different consumer quote tools, exposing the data of approximately 50,000 New Yorkers. The attacked tools had not been subject to a privacy assessment and they were not protected by common security tools.
The Hartford Insurance Group experienced two attacks that impacted approximately 30,000 New York consumers. While The Hartford maintained information security policies to protect consumer data, these policies were not implemented effectively.
The Hagerty Insurance Agency experienced two attacks that exposed the private information of approximately 66,000 New Yorkers. While Hagerty detected unusual activity on its consumer quote tool website, Hagerty did not immediately identify it as an attack on exposed private information.
The Infinity Insurance Company experienced three attacks. Data thieves accessed approximately 65,000 New Yorkers’ private information through a consumer quote tool and the information of approximately 180,000 New Yorkers through two password protected agent quoting tools. Infinity did not use multifactor authentication to protect its agent tool credentials at the time of the attacks.
Today’s settlements require these companies to significantly enhance their data security and pay penalties, in the following amounts:
American Family Mutual Insurance Company/Midvale Indemnity Company will pay $2.8 million;
Farmers Insurance will pay $1.3 million;
Hagerty Insurance Agency will pay $1.3 million;
Infinity Insurance Company will pay $2 million;
The Hartford Insurance Group will pay $815,000;
Liberty Mutual Insurance will pay $2 million;
Metromile will pay $2 million; and
State Auto Insurance will pay $2 million.
In addition to the penalties, the companies are required to adopt a series of measures to strengthen their cybersecurity practices, including:
Maintaining a comprehensive information security program designed to protect the security, confidentiality, and integrity of private information;
Developing and maintaining a data inventory of private information and ensuring the information is protected;
Maintaining reasonable authentication procedures for access to private information;
Maintaining a logging and monitoring system as well as reasonable policies and procedures designed to properly configure systems to alert on suspicious activity; and
This matter was led by Assistant Attorneys General Gena Feist and Laura Mumm, and former Assistant Attorneys General Hanna Baek and Ezra Sternstein, Data Security Analyst Nishaant Goswamy, and former Internet and Technology Analyst Joe Graham, under the supervision of Deputy Bureau Chief Clark Russell and Bureau Chief Kim Berger of the Bureau of Internet and Technology. Data analysis was provided by Data Analyst Casey Marescot and Data Scientist Blythe Davis, under the supervision of Deputy Director Gautam Sisodia, Director Victoria Khan, former Deputy Director Megan Thorsfeldt, and former Director Jonathan Werberg of the Research and Analytics Department. The Bureau of Internet and Technology is a part of the Division for Economic Justice, which is led by Chief Deputy Attorney General Chris D’Angelo and overseen by First Deputy Attorney General Jennifer Levy.
Mayor Eric Adams on Oct. 14 signed Executive Order 57 creating the New York City Office of Digital Assets and Blockchain, the first municipal office of its kind in the U.S., and appointed policy veteran Moises Rendon as executive director. The office will promote responsible use of crypto and blockchain, coordinate with the city’s Office of Technology and Innovation and other agencies, and engage state and federal partners. Early priorities include assembling an industry advisory commission, attracting talent and investment, expanding access for unbanked residents, and bolstering public education on risks such as scams—all aimed at reinforcing New York’s position as a global finance-and-tech hub.
Mayor Adams Takes Action to Position New York City as Global Capital of Digital Assets
– New York City Mayor Eric Adams today signed Executive Order 57 and established the New York City Office of Digital Assets and Blockchain. The first-ever mayoral office of its kind in the nation positions New York as the global capital of digital assets, including cryptocurrency and blockchain technologies. The office will promote the responsible use of digital assets and blockchain technologies, grow economic opportunities for New Yorkers, attract world-class talent, and reinforce the city’s standing as the world’s hub for financial and technological innovation. Mayor Adams also today appointed Moises Rendon to lead the office as executive director. As its first action, Executive Director Rendon will form a commission of leaders in the digital assets space to advise on the office’s work.
“From day one, our administration has kept New York City ahead of the curve because when we embrace technology, we deliver a safer, more affordable city,” said Mayor Adams. “In 2022, I became the first American mayor to convert my first three paychecks into crypto and this past May, our administration hosted the first-ever crypto summit at Gracie Mansion. Today, with the nation’s first mayoral agency focused solely on digital assets and blockchain technology, we continue to signal the opportunities this new form of technology can bring to New York City. Our city has always been the center of innovation, and we’re embracing the technologies of tomorrow today. The age of digital assets is here, and with it comes the chance to grow our economy, attract world-class talent, expand opportunities for underbanked communities, and make government more user-friendly. I’m looking forward to working closer with Moises Rendon as we help make New York City the tech capital of the world.”
“New York City has remained the global center of innovation for decades due to our willingness to embrace new, emerging technologies,” said First Deputy Mayor Randy Mastro. “With the launch of the New York City Office of Digital Assets and Blockchain, New York City is reaffirming its role as a leader in the financial and technology sectors to ensure that working-class New Yorkers are first in line for game-changing economic opportunities of the future and efficient delivery of government services. And Moises Rendon is uniquely qualified to guide New York City through this new frontier of technology, which will, once again, result in New York City growing its economy, delivering real economic benefits to underserved communities, and attracting the world-class talent that makes us the envy of the world.”
“New York City’s future as a global finance center and municipal governance leader depends on our ability to capitalize on the enormous opportunities presented by emerging technologies such as digital assets and blockchain,” said New York City Chief Technology Officer Matt Fraser. “Today’s announcement affirms our place at the forefront of this technological revolution and showcases the mayor’s bold, forward-looking vision to make New York City the crypto capital of the globe. This office ensures that we’re partnering with the brightest minds across the fintech sphere and empowering city agencies to harness the transformative potential of digital assets and blockchain for the benefit of 8.5 million New Yorkers.”
“Mayor Adams’ creation of this new office proves that the future is now for digital assets and blockchain in New York City,” said Mayor’s Office of Digital Assets and Blockchain Executive Director Moises Rendon. “I am honored to lead the nation’s first municipal office dedicated to successfully and responsibly deploying these technologies. I look forward to collaborating with CTO Fraser, city agency partners, and private-industry leaders to develop policies and programs that make our government more accessible, transparent, and innovative for New Yorkers in the years ahead.”
The Office of Digital Assets and Blockchain will promote long-term economic growth, ensuring that digital assets strengthen the city’s economy, including by:
Fostering innovation and development while guiding the responsible development of cryptocurrency and blockchain ecosystems in New York City.
Coordinating efforts between the digital asset industry and government, serving as a bridge to encourage responsible innovation and alignment across stakeholders.
Working in close collaboration with the New York City Office of Technology and Innovation (OTI) while also coordinating citywide efforts across agencies, ensuring alignment of policies, services, and digital asset initiatives.
Engaging with state and federal partners to promote policies that make New York City more welcoming to blockchain and crypto initiatives that add value and comply with laws and regulations.
Promoting inclusion and access, particularly for unbanked and underbanked communities, by supporting safer ways to save money, access resources, and build resilience against inflation.
Educating and protecting the public through initiatives that help New Yorkers understand the risks of digital assets, including campaigns to raise awareness of scams, fraud, and consumer protections.
Attracting world-class talent and investment, ensuring New York remains globally competitive in financial innovation and technological development.
Supporting nonpartisan, policy-driven legislation, ensuring the office remains focused on sound policy and the delivery of tangible benefits to New Yorkers across all communities.
Through these efforts, the Office of Digital Assets and Blockchain will help secure New York City’s leadership in the digital economy, expand opportunities for its residents, and build a foundation of responsible innovation, trust, inclusion, and growth. The office will allow New York City to demonstrate its leadership in embracing innovation while safeguarding the interests of its residents.
About Moises Rendon
Moises Rendon is a digital assets and blockchain policy expert with extensive experience advising federal, local, and international stakeholders. He currently serves as policy advisor for digital assets and blockchain at OTI, where he leads citywide research and strategic initiatives to explore blockchain’s potential for improving government operations.
Previously, Rendon served as a director for the Washington, D.C. office of the Americas Society/Council of the Americas and was a policy consultant for the U.S. Department of State, United States Agency for International Development, and private-sector clients on fintech and economic trends. Rendon holds a Master of Laws degree in International Business and Economic Law from Georgetown University Law Center and a Bachelor of Laws degree from Andrés Bello Catholic University in Venezuela.
Executive Director Rendon will report directly to Chief Technology Officer Matt Fraser.
New York City Mayor Eric Adams announced an $8.5 million pilot, CRIB—Creating Real Impact at Birth—to move more than 300 pregnant New Yorkers into stable housing before delivery using CityFHEPS vouchers or Pathway Home subsidies, part of a broader $650 million homelessness and mental-health plan. The initiative targets a persistent problem—over 2,000 babies were born in city shelters in 2024—while building on CityFHEPS, now aiding 60,000 households. Adams also introduced “New York City Baby Boxes,” $200 kits of essentials for about 7,000 families delivering at Kings County, Elmhurst, Lincoln and Jacobi hospitals. Officials said the paired measures aim to cut red tape, prevent shelter entry, and improve early health and bonding outcomes for parents and infants.
Mayor Adams Launches Two Signature Programs to Make Life More Affordable for New Mothers and Families, Avoid Shelter and Poverty
Mayor Eric Adams: Really really proud and happy to be here today. This is something that Deputy Mayor Williams-Isom joined us and we continued this important initiative, our CRIB program. It’s unimaginable when you think about it, in the city for far too long, mothers were giving birth to babies and then returning back to shelters. And we were clear under this administration that we were not going to continue that system of just systemic poverty and just a way of stating that we as New Yorkers and the government, we are not concerned about breaking the clear cycles of poverty.
You know Archbishop Desmond Tutu had a quote that I always remember, “We spend a lifetime pulling people out of the river, no one goes upstream and prevents them from falling in the first place.” And we have professionalized pulling people out of the river. Today, this announcement of CRIB is how we’re going to prevent them from falling in the first place.
Having a child should be the greatest day of one’s life. I remember watching Jordan when he was born and how proud I was and I knew the awesome responsibility of being a dad. But it was a proud moment for me and it’s definitely the way a million of New Yorkers should feel when they give birth to a child. And on that day, you should not have to worry about where you’re going to take your baby to. You should not have to worry about [whether] you’re going to return to an environment that’s not conducive to a child upbringing.
You should not have to worry about whether your child will grow up on the verge of homelessness or in a home. Nothing is more important to our city’s future than making sure every young person, they’re ready for the future that’s ahead of them. And that starts with a place for them to live the moment they’re born. And that’s what we’re delivering with the launch of our new pilot project CRIB, an initiative that aims to create real impact at birth by putting pregnant New Yorkers on a path to permanent housing.
This is an $8.5 million program that will provide pregnant New Yorkers with housing vouchers so they can quickly move into stable homes before the child is born. And earlier this year, in our State of the City address, we made a commitment that no child should ever be born into our shelter system. And that is what CRIB is all about. It’s part of the $650 million plan to tackle homelessness and severe mental illness and to ensure New Yorkers have a safe, clean place to come home to.
In fact, by ensuring mothers and babies do not enter a shelter after leaving the hospital, we are breaking the cycle of poverty and housing instability before it starts. In 2024 alone, over 2,000 babies were born in New York City shelters. Just think about that for a moment. Over 2,000. That’s 2,000 too many. And with every housing voucher that this CRIB program will give to families, it will connect New Yorkers while diverting pregnant parents from shelter and improving their health services and outcomes.
So that our most vulnerable New Yorkers can find the affordable housing they need and get the start in life that they deserve. With CRIB, we are ensuring that families are supported and are able to live in a city that is safe and affordable. This is also another example of how this administration is cutting through the red tape of bureaucracy to give the resources to families when they need it. And that often prevents people from getting government services in a timely manner.
CRIB doesn’t just further our mission to make our city the best place to raise a family. It builds on a record of doing so. Since coming to office, when you think about it, how we have moved people out of homelessness into permanent housing, and a record number of individuals in shelters, with nearly 37,500 New Yorkers moving into subsidized units last fiscal year alone.
An awesome job and responsibility of Commissioner Wasow Park and her team. They have really leaned into breaking this record of getting people into permanent housing. Even when we were facing an asylum seeker and a migrant crisis with 237,000 migrants and asylum seekers, over 90 percent have gone on to the next step of their journey. Not one child or family slept on the streets of the City of New York, and history is going to be kind to that record when we start reflecting on how great this administration has done when it came down to people in need
Starting a family is one of the greatest joys one should have. But barriers and negative reactions have prevented that joy from being what it should be. So we are not just ensuring that pregnant mothers have housing, we’re making sure that families have the support they need. And earlier this year, we launched our New York City Baby Boxes, which sends families home from hospital with vital supplies and resources, including diapers and wipes, clothing, games and guys, and what to expect after giving birth.
These items that we see here, trust me when I tell you, it goes a long way when you don’t have to determine what you will put on your table to eat and buy the supplies for your babies. This is a great way to start off with your child and the support and information that they need. New York City Baby Boxes will reach approximately 7,000 families across our public hospital system. 7,000 New York families will be leaving the hospital with diapers and clothing and other supplies.
7,000 that can have peace of mind, that they have the resources they need to get an early start. And when you add this with what Deputy Commissioner Mark Stewart and Community Affairs and the Police Department with his various baby supplies that he has given out to over 20,000 families in the city. It is how every agency is on board for doing what is right for the children and families of the city. We’re helping ease the financial stress of new families and making New York City more affordable for them.
Our children are the next generation and our next generation starts now. Many times and far too often we look at these stats and create them as just numbers on the pieces of paper. But it’s not. It’s individuals and far too often we have denied those individuals the access to government that they deserve. And nothing personifies that more than our next speaker, Tytiana Mitchell. She’s a queer participant and her baby is going to have the early start in life that they deserve. I’m going to bring in Tytiana.
Tytiana Mitchell: My name is Tytiana Mitchell. I’m 25 years old. I am a lifelong New Yorker. I live in Queens, New York. And I recently fell through rough times and had to go into the shelter in mid-September. I am currently three months pregnant and I am excited to start my new chapter in my life. But I know I also need stable housing to care for my baby. When I went into the PATH Intake Center run by the Department of Homeless Services, I was immediately greeted by people who wanted to help.
They told me that because I am pregnant, I am eligible for a new program called CRIB that specializes in helping pregnant women like me. They let me know that I could move in with a family member who received support to house me and my growing family or get a CityFHEPS voucher so I can afford my own housing.
The program has been great in moving to help me quickly and really showed me that they care about me. I work a seasonal job and I am currently on interviews to get full-time work. With the support of the city and the Adams Administration, I am excited [about] what my future will hold for me and my baby and my partner, Jhevon, who is here with me today. And now we’ll be introducing Commissioner Wasow Park.
Mayor Adams: Hold on, hold on. That’s your boo? Come on up here, man. You should be up here with us. Come on. Love it. Go ahead, say a few words, man. Always trying to leave the men out.
Jhevon Higgins: What I would like to say is thank you to the Adams [administration], [Mayor] Adams, [and] commissioner because the steps that we take and the life that we live in this New York City, we know it’s not always easy. It’s a rough path that we have to deal with, but with the help of everybody that’s a part of the system, I think that we have a better chance of getting there.
Mayor Adams: Good luck to you. Thank you. Boy or girl?
Higgins: [Inaudible.]
Commissioner Molly Wasow Park, Department of Social Services: Good morning. Having a baby is both a wonderful life moment and immensely challenging. My baby is now twenty, but I still remember very distinctly both the joys and the stresses of those first few months. That time is profoundly important, both for the family and for the baby. The instability and, frankly, trauma of homelessness can have lasting impacts on an infant.
And with over 2,000 babies born in shelters in 2024, there’s no bigger way to impact a child’s first days on this earth than to ensure the child is born into a stable home. With CRIB creating real impact at birth, we’re working creatively and strategically to break the cycle of infant homelessness. Our goal is to identify the best tools to connect parents facing homelessness to permanent housing in real time so that their babies will be born into stability.
CRIB is a pilot to study the impact of housing stability on the newest of New Yorkers by providing expecting mothers housing support to avoid entering shelter. Through the pilot program, DSS will identify more than 300 pregnant people who are applying for shelter and assign them to a housing subsidy, either the rental assistance program CityFHEPS or Pathway Home, which pays people to stay with friends or family. This will allow them to more quickly move into stable homes before their children are born.
The pilot builds off our experience serving families over many years. For example, during COVID, the number of families with children entering the shelter system dropped significantly. One of the reasons for this is that substantial federal income support meant that families could afford to stay together. We know that the city has a historically low vacancy rate, and it’s hard to go out and find an apartment.
So we’re looking to see if we can support people to stay with their friends and families in a moment of great change for them with Pathway Home. And as for CityFHEPS, DSS helped nearly 32,000 individuals obtain permanent homes or stay stably housed through CityFHEPS in 2025, reflecting a threefold increase in the number of new households using the voucher since the launch of the program.
Today, more than 60,000 households or more than 136,000 New Yorkers are using CityFHEPS for their housing. This reflects a more than 200 percent growth in the program since its launch and makes CityFHEPS the second largest rental assistance program in the country. Through CRIB, we are looking to evaluate these two different models to see which one best helps pregnant people either avoid shelter altogether or have very short shelter stays so that we minimize the number of babies born in shelters.
Thanks to Mayor Adams, this is an innovative program that we anticipate will lead to improved outcomes for families and babies during a transformative and precious, yet also deeply vulnerable time in their lives. I want to say a big thank you to the DSS staff who took my crazy idea and turned it into reality, and particularly to the two deputy mayors who are here who have championed the work from the very beginning. And now it is my great pleasure to introduce New York City Health + Hospitals Chief Women’s Health Officer, Dr. Wendy Wilcox. Thank you.
Dr. Wendy Wilcox, Chief Women’s Health Officer, New York City Health + Hospitals: Good morning and thank you. Mr. Mayor, deputy mayors, thank you all who are here for joining us at New York City Health + Hospitals Kings County today for this special announcement. My name is Dr. Wendy Wilcox. I’m the inaugural Chief Women’s Health Officer for New York City Health + Hospitals. I also was previously chief of service here at OBGYN because I am an obstetrician gynecologist. So in case you need anything, I know it’s too early, but we’ll see.
We know that the first few months of parents and babies’ lives together are extremely important. The less that they have to worry about some of the essentials, the more time they have together to bond. That bonding is incredibly important for the lifetime health of both the baby and the mother. Relieving this stress is so necessary for a future of health and for the health of the entire family. That’s why these baby boxes are so important to birthing families. Not only do they take the burden off of new parents, allowing the time to care and bond with their newborn, but also to take stress out of their lives.
The baby boxes, along with the CRIB program that you just heard about, are to make sure that all of those outside stressors will be relieved. These baby boxes are going to be available for all birthing families. You heard me. All birthing families who deliver at our four sites that have the most deliveries within the system. These would be Kings County, Elmhurst, Lincoln, and Jacoby. I want to thank the mayor and the deputy mayors for their commitment to New York City Health + Hospitals and the families of New York City.
I also want to thank Welcome Baby and the United Way, as well as both the City Hall teams and the central office women’s health and communications teams for really making this become a reality. We know that New York City loves babies, and just in case you had any doubt, New York City loves babies. We know that this will program the baby boxes and the CRIB program will make a difference. And now, I will introduce Deputy Mayor Suzanne Miles-Gustave.
Deputy Mayor Suzanne Miles-Gustave, Health and Human Services: Thank you so much. Good morning. It is such a pleasure to be here with all of our Health + Hospital heroes. Wonderful room to be in. But from day one, I think you heard the mayor say, the Adams administration has made supporting children and families a core focus, not just a policy priority, but as a reflection of our values. Project CRIB is a powerful example of what it looks like when we bring our health and social services systems into alignment, treating housing not as separate from health, but as essential to it.
We know that the conditions into which a child is born shapes everything that follows. Development, health, family stability, even long-term opportunities. When a newborn enters the world into shelter, that child and their parents are already facing trauma, stress, and barriers to care. With CRIB, our Creating Real Impact at Birth, we are piloting an approach that meets families at the exact moment when coordinated support can make the greatest difference. It’s smart government, but it’s also deeply human government.
This initiative reflects our administration’s belief that early intervention works, that prevention is powerful, and that health and housing outcomes improve when we connect people to the right services and resources at the right time, before [a] crisis hits. It also reflects a broader shift we’re leading across city government, and that’s integrating care, moving away from fragmented systems toward ones that see families holistically, not as cases or numbers, but as New Yorkers who deserve to thrive.
A thanks to our partners at DSS, to our healthcare providers here at H + H, and to Mayor Adams for working to give every child a strong, stable start at life. This is really what it means to put families first. And I have to give a huge, huge, huge shout-out to my predecessor, for whom this would not be possible without her vision and commitment. And I want to bring former Deputy Mayor Anne Williams-Isom up to say a few words.
Former Deputy Mayor Anne Williams‑Isom: Good afternoon, everyone. Yes, my title was former deputy mayor, but ten weeks ago I got a new title. The title is Gigi Anne. We had our first grandchild, ten weeks ago. My whole life I have been a child advocate, so I know all the research. I have seen the data. I have three children of my own. But I will tell you that seeing my daughter and her son-in-law these past two months, months right before giving birth, has given me a refresher course that I didn’t realize I needed, about how vulnerable you are, how fragile, and frankly, how sacred this time is.
And so it has been so important for me to come from my Gigi duty, to come and to tell you, I spent so much time talking about adverse childhood experiences. And we study all the negative stuff. We study what happens if a child has a death in the family, or if they experience homelessness. But we know what works. We act like we’re on Mars. Was it surprising [to] you to hear that if a child is born into [a] shelter that that is traumatic?
I saw my daughter and my husband and I picked her up with flowers and all kinds of stuff, and I saw that glaze in her eyes because of what she was going through. And she was going through a beautiful apartment on the Upper West Side with people to help her. And the child, a 33 years old lawyer, looked like she [was a] deer in the headlights. What is it that we don’t understand? She had complications with breastfeeding. And I didn’t know what to do, but I called my 95-year-old mom and I was like, “Mom, how do we do this?”
And people that we could call. I don’t even want to call it a service. I want to call it support because it is something that we all need, no? Yes? And so we sit up here and we act like this is an amazing thing. But to say something so profoundly like no child should be born in a shelter, when the mayor said that, we all kind of went like, “Hh yeah, that’s nice.” You guys should clap for that. That is a bold vision of saying that this is the way the world is, but we can do something different. Yes? And we can do it together.
We talked about commitment. We talked about what the science says, which is why I love this so much. But we need to say the word love. If we loved all children like I love Noel, we would make sure that they have all of this and more. And it is possible for us to do that. Noel’s middle name is Ijeoma, which means safe journey. Her dad is from Nigeria. And Ijeoma’s safe journey doesn’t mean when she goes to school or when she gets a good early childhood program or when she goes into a good college. It means from the moment she’s born. I’m going to say one last thing.
When I go into the room and she hears my voice, she’s ten weeks old. She doesn’t know me from a hole in the wall. But she knows that someone is coming to help her, that when she cries, someone will be there for her to pick her up to comfort her, to give her a bottle that’s the right temperature, to hand it to her mom. You guys, we can do this. We can support moms and these fabulous dads that are here to do better for our children if we want a better world. I want to say thank you to all of the folks at the Department of Social Services, Health + Hospitals, Department of Health, all of you, because it’s a crazy time.
But what you do is you continue to put your head down. In the midst of, like the mayor used to say, “Block out the noise and just do what you need to do.” And we see that and we appreciate it. Lastly, I want to say something about Mayor Adams. We can say a lot about Mayor Adams. What I will say is that what I have always admired is his commitment, his compassion, and his superpower, which is his proximity to pain.
When there was any situation, whether it was a homeless person, a person with severe mental illness, he doesn’t go away from it, he doesn’t lean back from it, he leans into it. Sometimes I was like, we need to lean back, I don’t want to do that, please. He was just talking about the asylum seekers, and I feel like I have a post-traumatic stress system. But he leans in, and so I appreciate you dearly for all that you have done, and especially for the people that we love and the folks that are the most vulnerable in this city. God bless you all and thank you very much.
Mayor Adams: Thank you. I’m looking around the room and I’m seeing the faces of this amazing hospital. Sheldon, thanks so much for allowing us to host this here. As we were walking up the steps, Sheldon was sharing with me, the chief executive officer was sharing with me, you had 102 percent capacity, and you’re seeing the byproducts of COVID. Many of our young people are dealing with severe mental health issues. They’re finally coming out and talking about it. And so I just want to say thank you.
This hospital, I represented you as the state senator, as the borough president. You have always been on the ground, and your staff here is just amazing. Whenever we call on you, you’re always there, and we cannot thank you enough. This is a quality hospital in a community that needs quality care. I’m so glad what the deputy mayor stated. We have just put so many things in place to build on. We are leaving this city in good care, folks.
What this administration has done, whomever comes next, they need to build on what we have done. We’re handing off in this relay of life. No one runs the whole relay. There’s a team behind it. The baton we’re handing off. We’re giving everyone a great lead, a great foundation. We cannot mess this up. We can’t go backwards. We have to continue to lift up children and families in the city. So we’ll ask a few questions before I bounce.
Question: What’s the approximate value of the baby box?
Mayor Adams: H + H, do we have approximate values? You come up to the microphone.
Sarah Gould Steinhardt, Executive Director, Welcome Baby USA: I’m Sarah with Welcome Baby. The city is investing about $200 in each of these boxes for families who need them.
Question: So a few questions. On the baby box, are they customized to the mother? Because every mother is different when they’re pregnant and for their child. I also was wondering about the CityFHEPS voucher. Those people that already have vouchers complain that it’s difficult to get into apartments. So what’s the work being done so that the mother actually gets in before she’s due? And then I heard it’s a pilot program. Does that mean it’s only going to go to the end of this year or it’s going to be able to be funded into the next year?
Steinhardt: I can talk about the first question. These are the core essentials that really every birthing family needs when they bring a baby home from the hospital. So this really does satisfy all of those basic needs of a newborn and a postpartum mother in those first four weeks and, frankly, beyond.
Commissioner Wasow Park: So you’re absolutely right that the tightness of the New York City housing market is an immense challenge for everybody, and that’s one of the reasons why we are really testing two different housing pathways. There’s CityFHEPS vouchers, but we’re also working with Pathway Home, which is a program that helps cover costs when people are staying with friends or family.
We are really structuring this so that we understand what works best for parents when they are on a very specific timeline for getting housing. And I think at least one theory is that Pathway Home may be a good interim solution to help people address the fact that we do have a 1.4 percent vacancy rate in the city. With respect to the pilot, it has been funded over a five-year period.
Mayor Adams: That’s why we have to build more housing. That’s why we zoned the city for 426,000 new units of housing with our City of Yes program, the most comprehensive housing program in the history of the city. That’s why we built more housing in year one, year two, and year three in the history of the city. Our program is more than 12 years of Bloomberg, eight years of de Blasio combined.
We did it in three and a half years. That’s why more people are participating in the FHEPS voucher program, getting housing than any other administration in the history of the city. 3,500 people removed out of street homelessness into permanent housing, 1,000 off our subway system. We did it. And now the next guys have to do it. Thank you. Thank you all.
Roger Ver, an early bitcoin investor known as “Bitcoin Jesus,” entered into a deferred prosecution agreement with the Justice Department to resolve federal tax charges brought against him. Under the agreement, Ver has paid the IRS nearly $50 million in back taxes, penalties, and interest stemming from his willful failure to properly report his bitcoin holdings on tax returns when he expatriated from the United States in 2014. Today, the government has moved to dismiss the indictment against him.
The following is according to the deferred prosecution agreement: Starting in 2011, Ver began acquiring bitcoins. Over the years, he avidly promoted them, even obtaining the moniker “Bitcoin Jesus.” In March 2014, Ver renounced his U.S. citizenship after obtaining citizenship in St. Kitts and Nevis, a process known as expatriation. Due to his net worth, Ver was required to file certain expatriation-related tax returns and to pay taxes on the capital gains on his world-wide assets, including his bitcoins.
In the agreement, Ver admitted that when he filed these returns in May 2016, he did not report all his bitcoins and pay the required capital gains tax on their constructive sale. Ver admitted that his failure to report capital gains from all these bitcoins caused a loss to the United States of $16,864,105. Ver admitted that the understatement of tax caused by his failure to report ownership of all his bitcoins was willful, which is legally defined as the intentional violation of a known legal duty. Accordingly, Ver admitted he owed the maximum penalty available under 26 U.S.C. § 6663 of more than $12 million, as well as interest on the taxes and penalties.
Associate Deputy Attorney General Ketan D. Bhirud of the Justice Department’s Office of the Deputy Attorney General; Acting United States Attorney Bilal A. Essayli for the Central District of California; and Kareem Carter, Executive Special Agent in Charge of the Internal Revenue Service – Criminal Investigation, Washington, D.C. Field Office made the announcement.
“We are pleased that Mr. Ver has taken responsibility for his past misconduct and satisfied his obligations to the American public. This resolution sends a clear message: whether you deal in dollars or digital assets, you must file accurate tax returns and pay what you owe,” said Associate Deputy Attorney General Ketan D. Bhirud.
“Mr. Ver is accepting responsibility for his actions and has agreed to pay a substantial penalty,” said Acting United States Attorney Bill Essayli of the Central District of California. “Every person, whether you’re a millionaire or not, is required by law to pay taxes and we will not hesitate to hold anyone accountable.”
“Today’s resolution demonstrates that there are consequences for those who intentionally conceal their assets and evade their tax obligations,” said Kareem Carter, Executive Special Agent in Charge. “No matter how sophisticated the technology or the asset, IRS-CI will continue to follow the money, ensure compliance, and protect the integrity of our tax system.”
The Cyber Crimes Unit of IRS Criminal Investigation’s Washington, D.C. Field Office investigated the case.
Assistant Chief Matthew J. Kluge and Trial Attorney Peter J. Anthony of the Tax Division, and Assistant U.S. Attorney James. C. Hughes of the Central District of California prosecuted the case.
Vienna Man Arrested, Charged with Unlawfully Retaining National Defense Information
Lindsey Halligan, U.S. Attorney for the Eastern District of Virginia, announced today that Ashley Tellis, 64, of Vienna, VA, was arrested over the weekend and charged by criminal complaint with the unlawful retention of national defense information, in violation of 18 U.S.C. § 793(e).
“We are fully focused on protecting the American people from all threats, foreign and domestic. The charges as alleged in this case represent a grave risk to the safety and security of our citizens,” said U.S. Attorney Halligan. “The facts and the law in this case are clear, and we will continue following them to ensure that justice is served.”
If convicted, Tellis is subject to a maximum of ten years’ imprisonment, up to a $250,000 fine, a $100 special assessment and forfeiture. Actual sentences for federal crimes are typically less than the maximum penalties. A federal district judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
A criminal complaint is merely an accusation. The defendant is presumed innocent until proven guilty.
New York Governor Kathy Hochul celebrated the return of Israeli hostages after two years of suffering, offering prayers for their healing and honoring victims including Omer Neutra and Itay Chen. Reflecting on her post–October 7 visit to Israel and meetings with grieving families—some from New York—Hochul thanked the U.S. administration for helping secure the releases. She called for a permanent ceasefire, swift delivery of humanitarian aid to families in Gaza, and a new chapter of lasting peace and freedom for both Israelis and Palestinians.
Statement from Governor Kathy Hochul
“After two years of immense suffering and loss, the Israeli hostages have finally returned home. I join their families in celebrating this long-awaited homecoming and pray they find peace and comfort in the days ahead.
“Since October 7, I’ve come to know several of the hostages’ families, including New Yorkers whose children were brutally murdered by Hamas. When I visited Israel in the immediate aftermath of the attack, I grieved alongside the families of Omer Neutra and Itay Chen. My heart is with them today, and with the many others who are still awaiting the closure they deserve. May the victims’ memories be a blessing, and may we never forget their loved ones’ pain.
“I’m grateful to the administration for its role in securing the hostages’ release. With their return and a permanent ceasefire, I’m hopeful that vital aid will soon reach families suffering in Gaza and that today marks the beginning of a new chapter of lasting peace and freedom for Israelis and Palestinians alike.”
– New York City Mayor Eric Adams today released the following statement after all remaining living hostages in Gaza were returned home to Israel:
“Our hearts are filled with joy as an end to the war in Gaza appears to be on the horizon and families have finally been united. All living Israeli hostages have returned home after Hamas kidnapped them from their communities more than two years ago. Since the October 7th terrorist attacks, I have met with families whose children were ripped from their homes, mourned the innocent lives lost, and seen how this unspeakable pain impacted our city. We pray that this news will bring lasting peace, justice, and prosperity to Israelis and Palestinians alike.”
