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Appeals Court Wary of GOP Operative’s Campaign Finance Appeal

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Appeals Court Wary of GOP Operative’s Campaign Finance Appeal

A federal appeals court appeared unlikely to reverse a Republican political operative’s conviction for funneling political contributions from a Russian billionaire to former President Donald Trump’s 2016 presidential campaign.

A three-judge panel of the US Court of Appeals for the District of Columbia Circuit heard Jesse Benton’s challenge on Monday in a case that delved into complex campaign finance laws and communications to the jury at trial.

Benton, a one-time aide and grandson-in-law to Ron Paul, the former Texas GOP congressman and presidential candidate, is fighting his conviction on six counts of campaign finance violations and obstruction of justice. He was sentenced to 18 months in prison.

On appeal, Benton has challenged instructions given to the jury on how to consider a since-pardoned campaign finance conviction, and how a political contribution should’ve been defined.

Judge Florence Pan signaled she was inclined to find that Benton had missed his chance to challenge jury instructions at trial.

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“I don’t see why you’re relieved of your obligation to contemporaneously object at the time the jury instructions are submitted,” Pan said. “You agreed to the jury instructions that were given, and now you’re challenging the same jury instructions that you co-sponsored.”

Judge Karen Henderson similarly questioned why Benton “couldn’t have lodged an objection to this” at the time.

Still, when questioning Justice Department lawyer, W. Connor Winn, she raised concerns about the instruction allowing the jury to consider Benton’s earlier campaign finance conviction in 2016 for which he was pardoned by Trump.

“I would think a lay juror would think, if he did the first one, he did this one,” she said.

Pan also appeared skeptical of Benton’s argument taking issue with the government’s decision to charge him under both the Federal Election Campaign Act and a financial recordkeeping law. Benton’s lawyer, Nicholas Harper of Gibson Dunn, told the judges that these statutes weren’t meant to overlap.

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“The government routinely charges overlapping statutes,” Pan said. “What you’re proposing is extremely novel.”

Judge Bradley Garcia also said that the distance in time between when the two statutes were passed, and “what is going on” in the more recent recordkeeping statute, “might be a problem for you.”

Foreign Money

Benton was once a force in Republican politics. He also managed Senate campaigns for Kentucky Republicans Rand Paul, Ron Paul’s son, and Mitch McConnell, now minority leader.

Benton was indicted in 2021 after prosecutors said he solicited a sizable contribution from Roman Vasilenko, labeling it as consulting services and then giving some of the funds to Trump’s campaign committee.

According to prosecutors, Vasilenko wired Benton $100,000, and Benton in exchange arranged for Vasilenko to visit the US and attend a fundraising event for Trump, where the businessman could meet and take a photo with him.

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Benton then sent $25,000 to Trump’s fundraising committee to cover Vasilenko’s ticket, and didn’t disclose that the money came from Vasilenko, prosecutors said.

Campaign finance laws prohibit foreign nationals from making contributions to political committees, or related to federal presidential elections.

Benton was initially indicted in the scheme alongside Douglas Wead, a former official in the George H. W. Bush administration. Wead died before trial.

At the appeals court, Benton’s lawyers honed in on Vasilenko’s intent when providing the funds to Benton.

In court filings, they argued that Vasilenko “had no interest” in US politics and didn’t provide the funds for the purpose of swaying the campaign, and that the government had provided “bare bones” evidence to the contrary. They also contended the jury had been “misled” in instructions related to this issue.

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Benton’s team also took issue with the lower court’s decision to allow his prior conviction to be raised at trial.

“The district court’s decision to admit Mr. Benton’s prior conviction contravened the President’s judgment that he is innocent of those offenses and improperly swayed the jury to convict,” Benton said in court papers.

The government said in court papers that Benton had asserted a “novel argument” on the standard for a political contribution, and regardless, that they had presented “ample evidence” that Vasilenko intended to influence the election.

The case is: USA v. Jesse Benton, D.C. Cir., No. 23-3028 Oral Argument

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Crypto bill hits new impasse, raising doubts over its future

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Crypto bill hits new impasse, raising doubts over its future
Talks on landmark crypto legislation have hit a new impasse after banks said they could not back a compromise pushed by the White House, a development that cast doubt on whether the bill will pass this year and sparked criticism from President Donald Trump ​who accused lenders of trying to undermine it.
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Stamford Finance Students Wow Judges, Take Home Trophy in Regional CFA Competition – UConn Today

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Stamford Finance Students Wow Judges, Take Home Trophy in Regional CFA Competition – UConn Today

A tenacious team of finance majors, who sacrificed most of their winter break to prepare for the CFA Institute Research Challenge, took first place in that regional competition last week.

Students Hunter Baillargeon, Dylan Fischetto, Richard Opper, Philip Ochocinski and Rushit Chauhan were tasked with researching and analyzing a major utility company, and then producing a 10-page report about whether to buy, hold, or sell its stock. They chose to sell.

One of the CFA judges said both the team’s report and presentation were among the best he had seen in many years.

“As a team, we were thrilled our hard work paid off and our many hours of work allowed us to achieve what we did,’’ Baillargeon said. “What we accomplished couldn’t have been done without working with such a cohesive and collective unit.’’

“From a technical perspective, I realize how valuable true analysis is and the importance of looking where others don’t for a differentiated approach,’’ Baillargeon said.

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The first round of competition featured 24 college teams from the Stamford-Hartford-Providence region. The Stamford team, composed of seniors all of whom all participate in UConn’s Student Managed Fund program, received its first-place award Feb. 26 in a ceremony in Hartford. The team will advance to the East Coast competition later this month.

Stamford Finance Program is Robust

“The Stamford team’s advancement in this competition reflects not only the students’ exceptional talent and work ethic, but also the rigor and applied focus of the UConn finance curriculum,’’ said professor Yiming Qian, head of the Finance Department.

“Our Stamford campus hosts approximately 200 financial management majors. The Stamford program is a vital part of the School and continues to demonstrate outstanding strength,” she said.

Professors Steve Wilson and Jeff Bianchi, who combined have 75 years of experience in the investment industry, were the team’s advisers and were supported by academic director Katherine Pancak.

Wilson said the task of analyzing a utility is particularly complex because of the company’s structure and the regulatory environment in which it operates.

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“I believe the Stamford team stood out because of the depth of their research, and willingness to take a bold stand, including the decision to ‘go out on a limb’ and recommend selling the stock,’’ he said. “They didn’t ‘play it safe.’’’

“This clean-sweep was a true team effort. They were tireless throughout, and sleepless too often, but they never wavered from their desire to always dig deeper and uncover any information that would strengthen our investment case,’’ he said. “What a phenomenal job they did!’’

Competition in Hong Kong Is Ultimate Goal

The Stamford team will compete against Loyola, Canisius, Sacred Heart; Seton Hall, Villanova, St. Michaels, Western New England, University of Maine, Fordham and Penn State next. In total, some 8,000 students are expected to participate in various competitions worldwide, culminating in a championship round in Hong Kong in May.

Wilson said the financial industry is always welcoming of new talent. And when one of the judges told him that the Stamford team produced some of the best work that he’d seen in years, Wilson felt tremendous pride for the students.

“Finance is an open playing field. In investments, the best idea wins,’’ he said.

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Baillargeon said he will always appreciate the whole team’s dedication.

“What I’ll remember most is the help of our advisers and our cohesive, close-knit team where everyone pulled their weight,’’ Baillargeon said. “We put in long hours, did a tremendous amount of research, and collaborated well together. I hope when I enter the workforce I get to work with a team as committed as this one is.’’

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Board Advances Motion to Address LAHSA’s Failure to Pay Service Providers – Supervisor Lindsey P. Horvath

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Board Advances Motion to Address LAHSA’s Failure to Pay Service Providers – Supervisor Lindsey P. Horvath



Board Advances Motion to Address LAHSA’s Failure to Pay Service Providers – Supervisor Lindsey P. Horvath
















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Board Advances Motion to Address LAHSA’s Failure to Pay Service Providers


Board Advances Motion to Address LAHSA’s Failure to Pay Service Providers


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Supervisor Lindsey P. Horvath







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