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Former state Senator Artiles found guilty of campaign finance and registration violations

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Former state Senator Artiles found guilty of campaign finance and registration violations

Former Florida Sen. Frank Artiles, an ex-Marine who more recently has shaped political campaigns as a lobbyist and consultant, was found guilty Monday of campaign finance and voter registration violations in a trial that showed the underbelly of Florida politics.

It took a Miami-Dade jury just over six hours to reach a unanimous verdict in a case built around political operatives and a “ghost candidate” who likely tipped a tight election. Sparked by a scheme to help Senate Republicans flip a seat in 2020, the two-week trial engrossed Florida’s political establishment from Miami to Tallahassee.

Artiles and his attorneys stood stoic as the verdict was read, their hands clasped in front of them, family members and friends standing along rows of benches behind. The former senator was fingerprinted but not handcuffed — his family surrounding him blocking the view — before being released by Miami-Dade Circuit Court Judge Miguel M. de la O.

Artiles wouldn’t comment as the group made its way out of the courtroom. Defense attorney Frank Quintero thanked the jurors, then promised an appeal. As he addressed the media, Quintero said he found it helpful that jurors listed all the instances they considered excessive contributions from Artiles to Alexis Rodriguez, an independent candidate whose only purpose in the race was to hurt the Democratic incumbent.

“They were actually business transactions that he [Rodriguez] screwed Mr. Artiles for,” said Quintero. “It’s going to be a long fight. This fight is not over.”

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Artiles, 51, married with two daughters, was found guilty of excessive campaign contributions, conspiracy to commit excessive contributions and falsely swearing an oath, all felonies that could carry five-year sentences. He was cleared of a fourth charge, aiding a false registration.

His convictions could land him in prison for as many as 15 years, though that long a term is unlikely.

Miami-Dade State Attorney Katherine Fernandez Rundle applauded the jury for understanding the case’s complexities and realizing that Artiles was the “mastermind” of the “ghost candidate scandal.”

“These felony convictions show that the jurors agreed that we can not tolerate the violation of our laws to gain a political advantage,” she said in a prepared statement.

Judge de la O is expected to sentence Artiles some time after Oct. 21.

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Judge Miguel de la O reads the jury instructions during the closing arguments of the Frank Artiles trial inside Courtroom 4-1 at the Richard E. Gerstein Justice Building on Monday, Sept. 30, 2024, in Miami, Florida.

Judge Miguel de la O reads the jury instructions during the closing arguments of the Frank Artiles trial inside Courtroom 4-1 at the Richard E. Gerstein Justice Building on Monday, Sept. 30, 2024, in Miami, Florida.

READ MORE: Lobbyist said she heard Artiles brag about election win.

During the two-week trial, it was explained how a long-time Republican party operative reached out to Artiles for help in the 2020 race for the District 37 Senate seat, which at the time covered a large swath of Miami-Dade County from Miami Beach south and through Palmetto Bay and Cutler Bay.

Lead prosecutor Tim VanderGiesen explained to jurors how the former state senator — after working out a contract agreement with the owner of a Gainesville-area Republican political research and marketing firm — engineered a plan to run and promote a machine parts salesman as a third-party candidate in the race in order to siphon votes from the Democratic front-runner.

The plan worked.

Ileana Garcia, a former Spanish radio host and founder of Latinas for Trump, defeated Democrat Jose Javier Rodriguez by a mere 32 votes after a recount. VanderGiesen told jurors that Alexis Rodriguez — the ghost candidate running as an independent — was promised $50,000 by Artiles. In a race decided by less than three-dozen votes after a runoff, more than 6,000 residents voted for Alexis Rodriguez.

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State attorney Timothy M. VanderGiesen gives the State’s closing argument as Judge Miguel M. de la O, right, listens inside Courtroom 4-1 at the Richard E. Gerstein Justice Building on Monday, September 30, 2024, in Miami, Florida.State attorney Timothy M. VanderGiesen gives the State’s closing argument as Judge Miguel M. de la O, right, listens inside Courtroom 4-1 at the Richard E. Gerstein Justice Building on Monday, September 30, 2024, in Miami, Florida.

State attorney Timothy M. VanderGiesen gives the State’s closing argument as Judge Miguel M. de la O, right, listens inside Courtroom 4-1 at the Richard E. Gerstein Justice Building on Monday, September 30, 2024, in Miami, Florida.

The payoffs came in different forms, prosecutors said. Besides four payments totaling $22,000 in cash, Alexis Rodriguez was given another $22,000 through tuition payments for his daughter, money alleged to be going to the purchase of a truck for Artiles’ daughter and reimbursements. In total, the state said Alexis Rodriguez collected $44,708.03 in cash and gifts.

Artiles was paid $90,000 to help win Miami races by Data Targeting founder Patrick Bainter, a top consultant for Florida’s Senate Republicans. Bainter placed another $100,000 in a political action committee associated with Artiles.

READ MORE: ‘Knock yourself out.’ Top Florida GOP operative blessed Artiles’ ‘ghost candidate’ pitch

SENATE SEAT UNRAVELED QUICKLY

Artiles served three terms in the Florida House before winning a Senate seat in 2016. His senate term unraveled quickly. He resigned less than a year after being elected and after using racial slurs and uttering profanities while talking to a group of Black elected leaders in Tallahassee.

Then, just over a year after Garcia’s unexpected 2020 victory, Artiles was charged with the four felonies. Alexis Rodriguez was charged with the same four felonies, but avoided conviction in exchange for his testimony against Artiles.

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During closing arguments Monday morning, defense attorney Jose Quiñon told jurors the plot to unseat Democratic incumbent Sen. Jose Javier Rodriguez began with the Florida Republican Senatorial Campaign Committee, the main campaign vehicle for Florida’s Senate Republicans. The committee contacted Bainter, and Bainter, looking for information on the ground in Miami, reached out to some folks he knew in West Palm Beach. They recommended Artiles.

Jose Quiñon, left, gives the defense’s closing argument during the Frank Artlies trial in Courtroom 4-1 at the Richard E. Gerstein Justice Building on Monday, September 30, 2024, in Miami, Florida.Jose Quiñon, left, gives the defense’s closing argument during the Frank Artlies trial in Courtroom 4-1 at the Richard E. Gerstein Justice Building on Monday, September 30, 2024, in Miami, Florida.

Jose Quiñon, left, gives the defense’s closing argument during the Frank Artlies trial in Courtroom 4-1 at the Richard E. Gerstein Justice Building on Monday, September 30, 2024, in Miami, Florida.

Aritles, who knew Alexis Rodriguez through a family member, promised him he would be coached and wouldn’t have to campaign.

Under Florida law, none of that is illegal. Directly giving a candidate more than $1,000, however, is.

And Monday, on the verdict form, jurors wrote out exactly which acts they believe Artiles committed that were illegal. They listed six instances when the lobbyist gave the candidate money or gifts totaling $26,812.92. Among the payments: $2,000 to cover the registration fee to become a candidate, $6,784.39 to cover tuition for the candidate’s daughter’s private high school, a $2,400 rent payment and $9,000 from Artiles’ brother-in-law.

During the trial, Alexis Rodriguez said the only reason he agreed to change his party affiliation and run in the race was because he was broke and just divorced. He told jurors he was ashamed and said the only reason he agreed to the plan was because he needed money.

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Garcia, the unexpected victor, has always been controversial. She once said she believed people could outgrow being gay, but later apologized. She also authored a bill to spend $5 million on former President Donald Trump’s legal bills. The bill didn’t pass. Jose Javier Rodriguez now works as an assistant secretary for the Labor Department in Washington D.C.

Finance

BofA revises Harley-Davidson stock price after latest announcement

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BofA revises Harley-Davidson stock price after latest announcement

Harley-Davidson’s new CEO wants to transform how people think about the iconic motorcycle brand, so the company is trying something different.

This week, Harley announced a new strategy that focuses on lower-priced bikes, rather than relying on older, more affluent customers to buy its higher-margin touring models.

“Back to the Bricks builds on our core strengths and competitive advantages, harnessing the passion of our riders to deliver profitable growth for the Company and both our dealers and shareholders,” Harley CEO Artie Starrs said this week. “As we drive towards this new phase of growth, we remain committed to the craftsmanship and dedication that define our brand.”

Entry-level Harley-Davidsons cost about $13,000, while the higher-end Adventure Touring models average about $23,250, and the Premium Range &CVO models cost about $38,500, according to Reuters.

Harley’s new strategy targets a core profit of over $350 million from its motorcycle business by 2027 and over $150 million in cost reductions.

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To kick off the new strategy, Harley is introducing Sprint, a new entry-level model powered by a smaller 440cc engine, later in the year.

Harley-Davidson is going after a younger demographic with its new strategy. Photo by Raivo Sarelainens on Getty Images

What is Harley-Davidson’s “Back to the Bricks” strategy?

Harley’s new strategy relies on more than just pushing buyers toward cheaper vehicles to increase volume. The 123-year-old company has a set of five pillars on which it is building its future.

Harley-Davidson “Back to the Bricks” 5-point plan

  • Deep appreciation of Harley-Davidson’s competitive advantages and legacy: The Company’s iconic brand, diversified and powerful revenue channels, and best-in-class dealer network provide a powerful foundation for growth.

  • Renewed commitment to exclusive dealer network to drive enterprise profitability: Harley-Davidson’s dealers are a competitive advantage. The Company is planning actions to enable dealers to double profitability in 2026 and then double it again by 2029.

  • Immediate actions to recapture share in areas where Harley-Davidson has right to win: Harley-Davidson has strong legacy equity in existing markets including new motorcycles, used motorcycles, Parts & Accessories, and Apparel & Licensing. The Company’s new strategy is focused on positioning the Company to regain share and drive meaningful volume growth in categories where it benefits from credibility, scale, and deep rider connection.

  • Strong financial position with a path to stronger free cash flow and EBITDA margin: Cost and restructuring actions already underway support a path to stronger free cash flow and EBITDA margin over time.

  • Bolstered management team with balance of fresh perspectives and institutional knowledge: Harley-Davidson has made a number of leadership appointments that support the Company as it leverages its innate strengths.

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Finance

What is Considered a Good Dividend Stock? 2 Financial Stocks That Fit the Bill

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What is Considered a Good Dividend Stock? 2 Financial Stocks That Fit the Bill
Source: Getty Images

Written by Jitendra Parashar at The Motley Fool Canada

Dividend investing can be one of the simplest ways to build long-term wealth while creating a steady stream of passive income. But in my opinion, a good dividend stock is about much more than just a high yield. Beyond dividend yield, investors should also look for companies with durable businesses, reliable cash flows, and a history of rewarding shareholders consistently over time.

That’s exactly why many investors turn to financial stocks. Banks and asset managers often generate recurring earnings through lending, investing, and wealth management activities, allowing them to support stable dividend payments even during uncertain market conditions.

Two Canadian financial stocks that stand out right now are AGF Management (TSX:AGF.B) and Toronto-Dominion Bank (TSX:TD). Both companies offer attractive dividends backed by solid financial performance and long-term growth strategies. In this article, I’ll explain why these two financial stocks could be worth considering for income-focused investors right now.

AGF Management stock continues to reward shareholders

AGF Management is a Toronto-based asset manager with businesses across investments, private markets, and wealth management. Through these divisions, the company offers equity, fixed income, alternative, and multi-asset investment strategies to retail, institutional, and private wealth clients.

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Following a 59% rally over the last 12 months, AGF stock currently trades at $16.67 per share with a market cap of roughly $1.1 billion. At current levels, the stock offers a quarterly dividend yield of 3.3%.

One reason behind AGF’s strong recent performance is its increasingly diversified business model. The company has expanded its investment capabilities and broadened its geographic reach, helping it perform well across varying market environments.

In the first quarter of its fiscal 2026 (ended in February), AGF posted free cash flow of $36 million, up 14% year over year (YoY), driven mainly by higher management, advisory, and administration fees. These fees climbed to $92.5 million as demand for the company’s investment offerings strengthened.

AGF has also been focusing on expanding its alternative investment business and introducing new investment products. With strong cash generation and growing demand for alternative investments, AGF Management looks well-positioned to continue rewarding investors over the long term.

TD Bank stock remains a dependable dividend giant

Toronto-Dominion Bank, or TD Bank, is one of North America’s largest banks, serving millions of customers through its Canadian banking, U.S. retail banking, wealth management and insurance, and wholesale banking operations.

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Following a 70% jump over the last year, TD stock currently trades at $148.14 per share and carries a massive market cap of $247 billion. It’s also continuing to provide investors with a quarterly dividend yield of 3%.

TD’s latest results show why it remains a dependable dividend stock. In the February 2026 quarter, the bank’s reported net income jumped 45% YoY to $4 billion, while adjusted earnings rose 16% to a record $4.2 billion.

Similarly, the bank’s Canadian personal and commercial banking segment delivered record revenue and earnings with the help of higher loan and deposit volumes. Meanwhile, its wealth management and insurance business also posted record earnings, while wholesale banking benefited from strong trading and fee income growth.

Notably, TD ended the quarter with a strong Common Equity Tier 1 capital ratio of 14.5%, giving it a solid capital cushion. While the bank continues to spend on U.S. anti-money-laundering remediation and control improvements, its strong earnings base, large customer network, and diversified operations continue to support its dividends.

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The post What is Considered a Good Dividend Stock? 2 Financial Stocks That Fit the Bill appeared first on The Motley Fool Canada.

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Fool contributor Jitendra Parashar has positions in Toronto-Dominion Bank. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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Finance

UK watchdog says car finance legal challenge hearing unlikely before October

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UK watchdog says car finance legal challenge hearing unlikely before October
Britain’s financial watchdog said on Friday a tribunal hearing on ‌legal challenges to its compensation scheme for mis-sold car loans was unlikely before October, and told lenders to prepare for a possibility that the scheme could be scrapped entirely.
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