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Sept 12 (Reuters) - A federal judge in New York sentenced the co-founder of the purported cryptocurrency OneCoin to 20 years in prison on Tuesday for what prosecutors called a $4 billion fraud.U.S. District Judge Edgardo Ramos in Manhattan sentenced Karl Sebastian Greenwood, a dual citizen of Sweden and the United Kingdom, who pleaded guilty to fraud and money laundering charges in December 2022.Ramos also ordered Greenwood to forfeit $300 million.Greenwood has been detained in New York since his 2018 arrest in Thailand and extradition to the United States over...

PHILADELPHIA, Sept 4 (Reuters) - U.S. President Joe Biden on Monday took shots at his likely 2024 rival, Donald Trump, in a Labor Day speech aimed at shoring up support in Pennsylvania, a state he needs to win next year to retain the White House.A self-described champion of labor unions, Biden addressed union workers in Philadelphia as he sought to explain his economic policies to a public worried about the economy, despite easing inflation and low unemployment levels."It wasn't that long ago we were losing jobs in this country," Biden...

U.S. Secretary of Energy Jennifer Granholm delivers a speech ahead of a conversation with Daniel Yergin, the vice chairman of S&P Global, during the CERAWeek energy conference in Houston, Texas, U.S., March 8, 2023. REUTERS/Callaghan O'Hare/File Photo Acquire Licensing RightsWASHINGTON, Aug 31 (Reuters) - The Biden administration is offering $12 billion in grants and loans for auto makers and suppliers to retrofit their plants to produce electric and other advanced vehicles, Energy Secretary Jennifer Granholm said on Thursday."While we transition to EVs, we want to ensure that workers can transition...

JACKSON HOLE, Wyoming, Aug 25 (Reuters) - The Federal Reserve may need to raise interest rates further to cool still-too-high inflation, Fed Chair Jerome Powell said on Friday, promising to move with care at upcoming meetings as he noted both progress made on easing price pressures as well as risks from the surprising strength of the U.S. economy."We will proceed carefully as we decide whether to tighten further or, instead, to hold the policy rate constant and await further data," Powell said in a keynote address to the Jackson Hole...

Bitcoins are seen in this illustration picture taken September 27, 2017. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsAug 25 (Reuters) - Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users' sales and exchanges of digital assets to the Internal Revenue Service (IRS) under a proposed U.S. Treasury Department rule published on Friday.The rule is part of a broader push by Congress and regulatory authorities to crack down on crypto users who may be failing to pay their taxes.A proposed new tax reporting form called Form...