Free Republic

'Legal Nightmare' Feared in Russia Suit Against Bank of New York Mellon May Set RICO Precedent By JULIE SATOW, Staff Reporter of the Sun | June 30, 2008 http://www.nysun.com/business/legal-nightmare-feared-in-russia/80947/ The final stages of a $22.5 billion battle pitting the Bank of New York Mellon against the Russian Federation will begin today in a Russian court. Stephen Chernin/Getty A December 2006 picture of a Bank of New York branch just before the bank acquired Mellon Financial Corp. The decision in the money laundering suit, which may be handed down as early as this week, could set a precedent for the global...

In the wake of Tucker Carlson's much-publicized interview with Vladimir Putin and his subsequent display of what can only be described as “clueless man babbles one-dimensional nonsense in admiration for Russia in a supermarket,” we find ourselves confronted with an important issue: Either Carlson is a master in controlled opposition, skillfully playing his part in a grand geopolitical chess game, or he is just masterfully milking the easily-misled for clicks, views, attention and money. Even the most astute among us can fall victim to a well-crafted deception, and I fear that this is precisely what is happening to Carlson and...

Bank of New York Mellon Corp. , the nation’s oldest bank, is making the leap into the market for cryptocurrencies. The custody bank said Thursday it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients. In time, BNY Mellon will allow those digital assets to pass through the same plumbing used by managers’ other, more traditional holdings—from Treasurys to technology stocks—using a platform that is now in prototype. The bank is already discussing plans with clients to bring their digital currencies into the fold. “Digital assets are becoming part of the mainstream,” said Roman...

<p>NEW ORLEANS (AP) — At a time of intense scrutiny in America over who is commemorated in public parks or in front of courthouses, the Andrew W. Mellon Foundationannounced Monday it is spending $250 million over five years to build new monuments or memorials, add context to already existing ones and relocate others.</p>

Newly unearthed documents reveal how an environmental-minded socialite became an ardent nativist whose money helped sow the seeds of the Trump anti-immigration agenda.

Banking heir and cryptocurrency bigwig Matthew Mellon has died, a representative for his family said in a statement. Mellon, an early backer of global settlement network Ripple, was the ex-husband of Jimmy Choo guru Tamara Mellon and of designer Nicole Hanley, his second wife. A rep said in a statement: “Billionaire Matthew Mellon, 53, died suddenly in Cancun, Mexico, where he was attending a drug rehabilitation facility. Mellon made his fortune in cryptocurrency, turning a $2 million investment into $1 billion. He is survived by his three children, Force, Olympia and Minty. The family asks that their privacy be respected...

The AP review of Clinton's calendar — her after-the-fact, official chronology of the events of her four-year term — identified at least 75 meetings with longtime political donors and loyalists, Clinton Foundation contributors and corporate and other outside interests that were either not recorded or listed with identifying details scrubbed. The AP found the omissions by comparing the 1,500-page document with separate planning schedules supplied to Clinton by aides in advance of each day's events. The names of at least 114 outsiders who met with Clinton were missing from her calendar, the records show...

It was 88 years ago this month that President Calvin Coolidge handed out strips of paper (that he cut himself) to members of the press during a brief conference with these words: I do not choose to run for President in 1928. This stunning event took place at the Summer White House in the Black Hills of South Dakota on August 2, 1927. The implications of Coolidge not actively seeking the Republican presidential nomination for 1928 reverberate to this day. While the terse phrasing appeared to leave the door open for a draft movement, the result was that Herbert Hoover...

Richard Mellon Scaife, the billionaire publisher and banking heir who financed conservative causes that included attempts to discredit Bill Clinton while he was president, has died. He was 82. Scaife's death on Friday followed his disclosure less than two months ago that he had terminal cancer, according to the Pittsburgh Tribune-Review, one of his newspapers. He was heir to the banking, oil and aluminum fortunes of the Mellon family and used his estimated $1.4 billion wealth to underwrite conservative crusades and groups that included the Heritage Foundation, the Cato Institute and the American Enterprise Institute.

Richard Mellon Scaife, the Pittsburgh philanthropist and reclusive heir to the Mellon banking fortune, whose support for right-wing causes laid the foundations for America’s modern conservative movement and fueled the 1998 impeachment of President Bill Clinton, died on Friday. He was 82. Mr. Scaife’s death was reported by the The Pittsburgh Tribune-Review, a newspaper he owned. He had announced recently that he had cancer. Decades before David and Charles Koch bankrolled right-wing causes, Mr. Scaife and Joseph Coors, the beer magnate, were the leading financiers of the conservative crusade of the 1970s and ’80s, seeking to reverse the liberal traditions...

Democrats have been having a field day with the cry of "tax cuts for the rich" — for which Republicans seem to have no reply. This is especially surprising, because Democrats made the same arguments back in the 1920s, and the Republicans then not only had a reply, but one that eventually carried the day, when the top tax rate was brought down from 73 percent to 24 percent. What was the difference then? The biggest difference is that Secretary of the Treasury Andrew Mellon took the trouble to articulate the case for lower tax rates, in articles that...

(Reuters) - Bank of New York Mellon Corp told some of its biggest depositors this week it does not want their money. BNY Mellon said it is charging a fee to big corporate and asset management clients that deposit more money than average, because it has been overwhelmed by deposits. Global economic turmoil -- including the Greek debt crisis and the U.S. debt ceiling debate -- has driven BNY Mellon's large clients to sell riskier assets and move the proceeds to deposit accounts. The flood of cash is likely to raise BNY Mellon's U.S. deposit insurance fees and could weaken...

<p>Breaking: Federal Grand Jury Indicts Former Presidential Candidate John Edwards.</p>

A new lawsuit raises the possibility of Tehran's complicity in al Qaeda's infamous attacks. Philip Shenon reports fresh details on who will testify—and the mysteries they could unlock. With the 10th anniversary of the 9/11 attacks looming, a federal lawsuit in Manhattan offers the possibility of resolving a central mystery about the attacks: Was Iran involved? Former investigators on the 9/11 Commission, which uncovered tantalizing but inconclusive evidence of Tehran's ties to the plot, tell The Daily Beast they welcome the lawsuit, because they believe the U.S. government has done little to follow up on the commission's evidence of Iranian...

Heiress Bunny Mellon plays unlikely role in Edwards sex scandalBy Carol Eisenberg January 29, 2010 at 9:08am A few weeks before former presidential candidate John Edwards came clean to the world about fathering an out-of-wedlock child with his campaign videographer Rielle Hunter, he made a special visit to see Rachel Lowe Lambert Lloyd Mellon at her estate in Virginia. Mellon, the 99-year-old widow of the philanthropist and banking heir Paul Mellon, had been one of the biggest donors to Edwards’ presidential campaign. Along with the late Fred Baron, Edwards’ longtime friend and finance chairman who died of cancer last year,...

...The part of this tawdry story that has not gotten enough attention involves still another woman named Bunny. I don’t think that John Edwards slept with her, but considering how much money she gave him(directly and indirectly) he probably would have. This Bunny is 99 year old Rachel Lowe Lambert Lloyd Mellon, the widow of Paul Mellon...

The New York Times is doing their best to cover the spending tracks left by President Obama. The op-ed, titled "The Truth About the Deficit" could win gold in mental gymnastics. They bend, twist and contort the facts into a pretty little ball of "blame Bush." I showed you yesterday that George W. Bush was part of the problem, but Obama is pressing the accelerator. The Times claims that the deficit is the result of cutting taxes on the wealthy and they offer this stern warning: "The last thing the government should do is slash spending." History tells us that...

Payments from a wealthy heiress to the Mellon fortune through a Monroe, N.C., interior decorator helped subsidize the cover-up of John Edwards' affair with Rielle Hunter. The decorator, Bryan Huffman, eventually became the conduit for as much as $700,000 from Rachel "Bunny" Mellon – what the Edwards camp called "Bunny money" – to help cover the expenses of Rielle Hunter and Andrew Young, Edwards aide who claimed to be the father of her baby. Mellon's money was part of more than $1.5 million that Young told ABC News was used for the cover-up. He said the money paid for a...

RALEIGH Federal investigators are sifting through the records of money that helped John Edwards' presidential campaign to determine if any was used to keep quiet his affair with Rielle Hunter. Edwards, a Democrat and former U.S. senator, acknowledged the investigation to The News & Observer. “I am confident that no funds from my campaign were used improperly,” Edwards said in a statement. “However, I know that it is the role of government to ensure that this is true. We have made available to the United States both the people and the information necessary to help them get the issue resolved...

NEW YORK - Bank of New York Co. has agreed to take over Mellon Financial Corp. for stock valued at $17.6 billion in a deal that will create the world's largest securities servicing company and one of the biggest asset managers. The combination, which is expected to be completed by the middle of next year, combines two financial institutions that are deeply steeped in American history. New York-based Bank of New York was founded in 1784 by Alexander Hamilton, who went on to become the first secretary of the U.S. Treasury. Mellon Financial, meanwhile, has been around since its...