Connect with us

Published

on

Disgraced Rep. George Santos allegedly conned a disabled, homeless veteran out of thousands of dollars donated to save the man’s dying service dog, according to a stomach-turning report.

The alleged account adds to Santos’ growing list of shady behavior from a largely forged resume to fabricated Jewish heritage which has entangled the freshman congressman since he was elected to represent parts of Long Island and Queens.

The veteran, Richard Osthoff, told the local news site Patch that he met Santos, who introduced himself as Anthony Devolder, during a tough time in his life in May 2016.

Osthoff, who was honorably discharged from the Navy in 2002, was living in a tent on the side of Route 9 in Howell, New Jersey, with his beloved service dog Sapphire at the time, Patch reported. There are no official records of George Santos’ animal charity “Friends of Pets United” being registered as a tax-exempt organization or charity.AP

Sapphire was suffering from a life-threatening stomach tumor that was growing by the day and surgery to remove the tumor would cost $3,000, according to the vet’s estimate, Osthoff said.

The veteran, who couldn’t afford the surgery, said a veterinary technician took him aside and offered assistance via a pet charity called Friends of Pets United run by Anthony Devolder, an alias used by Santos in the past.

Devolder set up a GoFundMe to raise funds for Sapphire and once it hit its goal of $3,000, he closed and deleted the fundraising page and became hard to reach before he disappeared altogether, Osthoff told Patch. Richard Osthoff promoted the GoFundMe on Facebook in 2016.Facebook/Richard Osthoff

The Navy vet, now 47, never saw a penny of the donations and his beloved service dog died on Jan. 15, 2017, according to the outlet.

“Little girl never left my side in 10 years,” Osthoff told Patch. “I went through two bouts of seriously considering suicide, but thinking about leaving her without me saved my life. I loved that dog so much, I inhaled her last breaths when I had her euthanized.”

His account was corroborated by fellow veteran and retired New Jersey police Sgt. Michael Boll, who told Patch when he heard what happened, tried to help Osthoff by reaching out to Santos. Fundraising for Sapphire achieved its goal in June 2016.Facebook/Richard Osthoff

“I contacted [Santos] and told him ‘You’re messing with a veteran,’ and that he needed to give back the money or use it to get Osthoff another dog,” Boll said. “He was totally uncooperative on the phone.”

Osthoff said Santos requested he take Sapphire to a Queens’ veterinarian instead of the New Jersey practice because he had “credit” with the practice in the Big Apple.

The vet tech who told Osthoff about Santos’ charity drove the pair to the Queens practice, where a vet said Sapphire’s tumor was inoperable.

Santos claimed that he instead donated the $3,000 to other dogs in need because Sapphire wasn’t a candidate for surgery and Osthoff didn’t do things his way, according to a text exchange viewed by Patch. Sapphire died on Jan. 15, 2017, after battling a stomach tumor.Facebook/Richard Osthoff

After that, Osthoff was never able to reach Santos again.

There are no official records of Santos’ animal charity “Friends of Pets United” being registered as a tax-exempt organization or charity, according to the New York Times.

Another woman told the paper that she was scammed by the animal rescue group as well.

She was supposed to be the beneficiary of a 2017 fundraising event in which Santos charged $50 per person, but never received any of the funds. She told the Times that Santos offered excuse after excuse when asked about the funding.

Santos denied even knowing Osthoff when asked about the veteran’s claims.

“Fake,” the embattled lawmaker texted Semafor. “No clue who this is.”

Continue Reading

Politics

US Supreme Court will not review IRS case involving Coinbase user data

Published

on

By

US Supreme Court will not review IRS case involving Coinbase user data

US Supreme Court will not review IRS case involving Coinbase user data

A lower court ruling will stand in a case involving a Coinbase user who filed a lawsuit against the IRS after the crypto exchange turned over transaction data.

Continue Reading

Environment

Solar and wind industry faces up to $7 billion tax hike under Trump’s big bill, trade group says

Published

on

By

Solar and wind industry faces up to  billion tax hike under Trump's big bill, trade group says

Witthaya Prasongsin | Moment | Getty Images

Senate Republicans are threatening to hike taxes on clean energy projects and abruptly phase out credits that have supported the industry’s expansion in the latest version of President Donald Trump‘s big spending bill.

The measures, if enacted, would jeopardize hundreds of thousands of construction jobs, hurt the electric grid, and potentially raise electricity prices for consumers, trade groups warn.

The Senate GOP released a draft of the massive domestic spending bill over the weekend that imposes a new tax on renewable energy projects if they source components from foreign entities of concern, which basically means China. The bill also phases out the two most important tax credits for wind and solar power projects that enter service after 2027.

Republicans are racing to pass Trump’s domestic spending legislation by a self-imposed Friday deadline. The Senate is voting Monday on amendments to the latest version of the bill.

The tax on wind and solar projects surprised the renewable energy industry and feels punitive, said John Hensley, senior vice president for market analysis at the American Clean Power Association. It would increase the industry’s burden by an estimated $4 billion to $7 billion, he said.

“At the end of the day, it’s a new tax in a package that is designed to reduce the tax burden of companies across the American economy,” Hensley said. The tax hits any wind and solar project that enters service after 2027 and exceeds certain thresholds for how many components are sourced from China.

This combined with the abrupt elimination of the investment tax credit and electricity production tax credit after 2027 threatens to eliminate 300 gigawatts of wind and solar projects over the next 10 years, which is equivalent to about $450 billion worth of infrastructure investment, Hensley said.

“It is going to take a huge chunk of the development pipeline and either eliminate it completely or certainly push it down the road,” Hensley said. This will increase electricity prices for consumers and potentially strain the electric grid, he said.

The construction industry has warned that nearly 2 million jobs in the building trades are at risk if the energy tax credits are terminated and other measures in budget bill are implemented. Those credits have supported a boom in clean power installations and clean technology manufacturing.

“If enacted, this stands to be the biggest job-killing bill in the history of this country,” said Sean McGarvey, president of North America’s Building Trades Unions, in a statement. “Simply put, it is the equivalent of terminating more than 1,000 Keystone XL pipeline projects.”

The Senate legislation is moving toward a “worst case outcome for solar and wind,” Morgan Stanley analyst Andrew Percoco told clients in a Sunday note.

Shares of NextEra Energy, the largest renewable developer in the U.S., fell 2%. Solar stocks Array Technologies fell 8%, Enphase lost nearly 2% and Nextracker tumbled 5%.

Trump’s former advisor Elon Musk slammed the Senate legislation over the weekend.

“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country,” The Tesla CEO posted on X. “Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.”

Catch up on the latest energy news from CNBC Pro:

Continue Reading

Environment

Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

Published

on

By

Nissan is in crisis mode as job cuts begin and suppliers are caught in the crosshairs

Is Nissan raising the red flag? Nissan is cutting about 15% of its workforce and is now asking suppliers for more time to make payments.

Nissan starts job cuts, asks supplier to delay payments

As part of its recovery plan, Nissan announced in May that it plans to cut 20,000 jobs, or around 15% of its global workforce. It’s also closing several factories to free up cash and reduce costs.

Nissan said it will begin talks with employees at its Sunderland plant in the UK this week about voluntary retirement opportunities. The company is aiming to lay off around 250 workers.

The Sunderland plant is the largest employer in the city with around 6,000 workers and is critical piece to Nissan’s comeback. Nissan will build its next-gen electric vehicles at the facility, including the new LEAF, Juke, and Qashqai.

Advertisement – scroll for more content

According to several emails and company documents (via Reuters), Nissan is also working with its suppliers to for more time to make payments.

Nissan-delays-supplier-payments
The new Nissan LEAF (Source: Nissan)

“They could choose to be paid immediately or opt for a later payment,” Nissan said. The company explained in a statement to Reuters that it had incentivized some of its suppliers in Europe and the UK to accept more flexible payment terms, at no extra cost.

The emails show that the move would free up cash for the first quarter (April to June), similar to its request before the end of the financial year.

Nissan-delays-supplier-payments
Nissan N7 electric sedan (Source: Dongfeng Nissan)

One employee said in an email to co-workers that Nissan was asking suppliers “again” to delay payments. The emails, viewed by Reuters, were exchanged between Nissan workers in Europe and the United Kingdom.

Nissan is taking immediate action as part of its recovery plan, aiming to turn things around, the company said in a statement.

Nissan-Micra-EV
The new Nissan Micra EV (Source: Nissan)

“While we are taking these actions, we aim for sufficient liquidity to weather the costs of the turnaround actions and redeem bond maturities,” the company said.

Nissan didn’t comment on the internal discussions, but the emails did reveal it gave suppliers two options. They could either delay payments at a higher interest rate, or HSBC would make the payment, and Nissan would repay the bank with interest.

Nissan-delays-supplier-payments
Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)

The company had 2.2 trillion yen ($15.2 billion) in cash and equivalents at the end of March, but it has around 700 billion yen ($4.9 billion) in debt that’s due later this year.

As part of Re:Nissan, the Japanese automaker’s recovery plan, Nissan looks to cut costs by 250 billion yen. By fiscal year 2026, it plans to return to profitability.

Electrek’s Take

With an aging vehicle lineup and a wave of new low-cost rivals from China, like BYD, Nissan is quickly falling behind.

Nissan is launching several new electric and hybrid vehicles over the next few years, including the next-gen LEAF, which is expected to help boost sales.

In China, the world’s largest EV market, Nissan’s first dedicated electric sedan, the N7, is off to a hot start with over 20,000 orders in 50 days.

The N7 will play a role in Nissan’s recovery efforts as it plans to export it to overseas markets. It will be one of nine new energy vehicles, including EVs and PHEVs, that Nissan plans to launch in China.

Can Nissan turn things around? Or will it continue falling behind the pack? Let us know your thoughts in the comments below.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending