BREAKING: The raids on Diddy's homes are just the start -- the feds are issuing subpoenas to companies doing business with him, aiming to identify anyone with info pertinent to the sex trafficking probe.
Sources with direct knowledge tell TMZ subpoenas -- all bearing Diddy's real name, Sean Combs -- were sent this week to various providers tied to the rapper, including his private charter jet, phone providers and computer companies.
We're told the subpoenas were fired off by the U.S. Attorney for the Southern District of New York ... which, as we've reported, is running the investigation.
Our sources say subpoenas will also be issued to commercial airlines, and possibly the FAA, just in case Diddy opted for commercial flights instead of his private jet. READ
BREAKING: The raids on Diddy's homes are just the start -- the feds are issuing subpoenas to companies doing business with him, aiming to identify anyone with info pertinent to the sex trafficking probe.
Sources with direct knowledge tell TMZ subpoenas -- all bearing Diddy's real name, Sean Combs -- were sent this week to various providers tied to the rapper, including his private charter jet, phone providers and computer companies.
We're told the subpoenas were fired off by the U.S. Attorney for the Southern District of New York ... which, as we've reported, is running the investigation.
Our sources say subpoenas will also be issued to commercial airlines, and possibly the FAA, just in case Diddy opted for commercial flights instead of his private jet. READ
“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” the former Fed chairwoman said. Yellen’s comments have been cited as a reason for bitcoin’s recent losses. However, Yellen’s assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.
Traders also expressed uncertainty about the situation with China Evergrande, as the indebted property company has not provided clarification about a key interest payment.In economic news, the Commerce Department reported an unexpected increase in U.S. new home sales in August.Crude oil prices climbed Friday and front-month WTI oil futures contracts saw gains for a fifth straight week amid tighter supplies. West Texas Intermediate Crude oil futures for November rose $0.68 or 0.9 percent at 73.98 a barrel. WTI Crude futures gained 2.8 percent for the week.
