Wall St. Icon: Looming Financial Tsunami Could Wipe Out the 1%

Wall Street legend confesses, "I feel a sense of duty to share what I know with as many people as I can... that's why I made this free for all to view."

Man accused of killing UnitedHealthcare's CEO shouts on way into courthouse and fights extradition

MICHAEL R. SISAK and MARK SCOLFORO
December 11, 2024

ALTOONA, Pa. (AP) -- The man charged with murder in the killing of the CEO of UnitedHealthcare made it clear he wasn't going to make things easy on authorities, shouting unintelligibly and writhing in the grip of sheriff's deputies as he was led into court and then objecting to being brought to New York to face trial.

The displays of resistance Tuesday weren't expected to significantly delay legal proceedings for Luigi Nicholas Mangione, who was charged in last week's Manhattan killing of Brian Thompson, the leader of the United States' largest medical insurance company. Little new information has come out about possible motivation, though writings found in Mangione's possession hinted at a vague hatred of corporate greed.

In his first public words since he was arrested at a McDonald's in Pennsylvania after a five-day search, the 26-year-old Ivy League graduate from a prominent Maryland real estate family emerged from a patrol car shouting about an "insult to the intelligence of the American people" while deputies pushed him inside a courthouse.

A law enforcement bulletin obtained by The Associated Press said that at the time of his arrest, Mangione was carrying a handwritten document expressing anger with what he called "parasitic" health insurance companies and a disdain for corporate greed and power.

He wrote that the U.S. has the most expensive health care system in the world and that profits of major corporations continue to rise while "our life expectancy" does not, according to the bulletin.

Mangione remained jailed in Pennsylvania, where he was initially charged with possession of an unlicensed firearm, forgery and providing false identification to police.

Manhattan prosecutors were beginning to take steps to bring Mangione to New York, but at a brief hearing Tuesday, defense lawyer Thomas Dickey said his client will not waive extradition and instead wants a hearing on the issue. Mangione was denied bail after prosecutors said he was too dangerous to be released.

He mostly stared straight ahead at the hearing, occasionally looking at papers, rocking in his chair or looking back at the gallery.

"You can't rush to judgment in this case or any case," Dickey said afterward. "He's presumed innocent. Let's not forget that."

Mangione was arrested in Altoona, Pennsylvania, about 230 miles (about 370 kilometers) west of New York City, after a McDonald's customer recognized him and notified an employee, authorities said.

New York police officials have said Mangione was carrying a gun like the one used to kill Thompson and the same fake ID the suspected shooter had used to check into a New York hostel, along with a passport and other fraudulent IDs.

A law enforcement official who wasn't authorized to discuss the investigation publicly and spoke with The Associated Press on condition of anonymity said a three-page, handwritten document found with Mangione included a line in which he claimed to have acted alone.

"To the Feds, I'll keep this short, because I do respect what you do for our country. To save you a lengthy investigation, I state plainly that I wasn't working with anyone," the document said, according to the official.

Thompson, 50, was killed Dec. 4 as he walked alone to a Manhattan hotel for an investor conference. From surveillance video, New York investigators determined the shooter quickly fled the city, likely by bus.

Mangione was born into a life of country clubs and privilege. His grandfather was a self-made real estate developer and philanthropist.

"Our family is shocked and devastated by Luigi's arrest," Mangione's family said in a statement posted on social media late Monday by his cousin, Maryland Del. Nino Mangione. "We offer our prayers to the family of Brian Thompson and we ask people to pray for all involved."

From January to June 2022, Luigi Mangione lived at Surfbreak, a "co-living" space at the edge of touristy Waikiki in Honolulu. Josiah Ryan, a spokesperson for owner and founder R.J. Martin, said he was widely considered a "great guy," though he had long dealt with severe back pain that interfered with many aspects of his life.

___

Scolforo reported from Altoona and Hollidaysburg, Pennsylvania. Contributing were Associated Press writers Cedar Attanasio and Jennifer Peltz in New York; Michael Rubinkam and Maryclaire Dale in Pennsylvania; Lea Skene in Baltimore; Jennifer Sinco Kelleher in Honolulu and John Seewer in Toledo, Ohio.

Continue Reading...

Popular

Trump Administration Weighs Blockchain Integration To Restructure USAID, Boost Accountability

The Trump admin proposes a revamp of USAID with blockchain for tracking foreign aid. A new procurement system aims to improve transparency and efficiency.

A rare peek at the hidden waterworks behind Rome’s Trevi Fountain

ROME (AP) — The , arguably the world’s most famous, has graced screens for decades, from Fellini’s “La Dolce Vita” to Netflix’s “Emily in Paris.” Each year, millions of visitors push through Rome's narrow streets to gaze at the towering Titan god flanked by falls cascading into a turquoise pool.

The Stock Market Is Splitting in Two... - Ad

Wall Street legend Louis Navellier just issued a stark warning...He says we're at the very early stages of an historic rupture in the stock market. In fact, the early cracks have already started to appear... Are you prepared for what's coming?

Eyeing China threat, Trump announces Boeing wins contract for secretive future fighter jet

WASHINGTON (AP) — President Donald Trump announced Friday that Boeing will build the Air Force’s future fighter jet, which the Pentagon says will have stealth and penetration capabilities that far exceed those of its current fleet and is essential in a potential conflict with China.

Georgia lawmakers approve $300M in farm and timber tax breaks after Hurricane Helene

ATLANTA (AP) — Georgia lawmakers on Friday approved tax breaks for farmers and timber owners harmed by that could be worth nearly $300 million.

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

The $20 Trillion Secret of Room 3330 - Ad

Developed by the U.S. military 79 years ago, this controversial technology is about to change American life forever: Elon Musk has already funneled $6 billion to resurrect this covert project -- and the companies involved are minting 10,000 millionaires every week [Goldman Sachs].

Higher Mortgage Rates Are Bad For Borrowers, But Great For These ETFs

Mortgage rates are rising, causing a decline in applications, but creating an opportunity for investors to profit through MBS ETFs due to increased yields and diminished prepayment risks.

Tech Legend Issues AI Warning for May 21st - Ad

And many people are now wondering...Is this the end of the AI boom? A critical AI event scheduled for May 21st, and could have the answers. It's guaranteed to happen...And I believe it's going to be a game-changer for the market.

Stock market today: Asian shares are mixed after Wall St edges lower on US policy uncertainty

HONG KONG (AP) — Asian shares were mixed on Friday after Wall Street retreated as investors were rattled by uncertainties brought by U.S. President Donald Trump.

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Canada incoming PM says he'll keep tariffs in place until US shows respect and commits to free trade

TORONTO (AP) — Incoming said Tuesday that his government will keep tariffs in place until Americans show respect and commit to free trade after U.S. President Donald Trump threatened historic financial devastation for Canada.

Eminem's Unreleased Music Allegedly Sold Online By Ex-Sound Engineer For $50,000 In Bitcoin

A former sound engineer for Grammy award-winning rapper Eminem has been accused of leaking and selling the artist’s unreleased music for thousands in Bitcoin (CRYPTO: BTC).

Claim the "No.1 Coin of 2025" Before March 24th - Ad

After spotting 44 different coins that have returned over 100%...Chris Rowe is now exposing the details behind the "Superpower Coin"... that's partnered with 19 of the largest companies from some of the world's largest superpower nations... A little-known 3-cent coin that is poised to outperform Bitcoin in 2025... starting on March 24th.

NBA Legend Shaq's Walmart Shopping Spree Ends In Credit Card Decline - Here's How Much He Tried To Spend

Basketball superstar Shaquille O'Neal's impact goes beyond basketball, with his larger-than-life personality and smart investments. Yet, one of his most unforgettable moments happened at Walmart.

Meet the federal worker who went rogue: I hope that it lights a fire under people

NEW YORK (AP) — To billionaire Elon Musk and his cost-cutting team at the Department of Government Efficiency, Karen Ortiz may just be one of many faceless bureaucrats. But to some of her colleagues, she is giving a voice to those who feel they can't speak out.

Time to Buy Shares of Elon Musk's Partner - Ad

The CEO of Nvidia said Elon Musk's new project is... "easily the fastest supercomputer on the planet." And Eric Fry, the legend who picked 41 stocks that jumped 1,000%+. Is now recommending shares of a company that has partnered with Elon Musk in this new project.

Senate set to vote on approving Lori Chavez-DeRemer as Trump's labor secretary

The Senate is scheduled to vote Monday on whether to confirm as U.S. labor secretary, a Cabinet position that would put her in charge of enforcing federally mandated worker rights and protections at a time when the White House is trying to .

Google Stock Rises 1.8% After Key Signal, Reversing Early Weakness

A significant trading signal occurred for Alphabet stock, as it demonstrated a Power Inflow at $164.60, after which it rose up to 1.8%.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

What to stream: 'Mufasa: The Lion King,' Timothée Chalamet, Will Smith, Seth Rogen and Atomfall

Will Smith releasing his first new album in 20 years and “Mufasa: The Lion King,” Barry Jenkins’ photorealistic prequel to the 1994 animated classic, are some of this week’s new streaming entertainment releases are some of the new television, films, music and games near you.

Small Business Administration to reorganize, cut about 2,700 jobs

NEW YORK (AP) — said it will cut its workforce by 43%, or about 2,700 jobs, as part of a reorganization.

Exposed: 3 Cent Crypto to Explode March 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on March 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

An Italian beach town in Tuscany is invaded by midges. Residents seek emergency declaration to cope

ROME (AP) — Residents of the Tuscany beach enclave of Orbetello are seeking a state of emergency declaration to help combat an invasion of midges that are keeping people indoors and threatening businesses catering to tourists.

Average US rate on a 30-year mortgage rises slightly for the second week in a row

Associated Press (AP) — The average rate on a 30-year mortgage in the U.S. rose slightly for the second week in a row, a modest setback for as the spring homebuying season ramps up.

The Election Is Over, but the Uncertainty Is Just Beginning. - Ad

With sweeping policy changes, tax hikes on the horizon, and an unstable global economy, investors are in uncharted territory. It's times like these that destroy traditional portfolios. But there's a strategy that delivers consistent, reliable income month after month--even when the markets are in turmoil.

Nvidia CEO Jensen Huang discusses AI's future at GTC 2025

Nvidia founder Jensen Huang kicked off the company's artificial intelligence developer conference on Tuesday by telling a crowd of thousands that AI is going through “an inflection point.”

'Horrific Report': Economists Warn Consumer Confidence Collapse Signals Economic Trouble

U of Michigan consumer confidence survey shows rapid decrease amid high inflation expectations, economists warn of bad omen for US economy.

Trump's Final Betrayal - Ad

Exposed: the shocking economic plot to "reset" the U.S. economy and redistribute trillions of dollars in wealth.

Charlie Munger's Timeless Investment Advice: Sidestep These Three Common Missteps

In a world of ever-changing investment landscapes, the enduring wisdom of the late investment expert and Warren Buffett's partner, Charlie Munger, continues to guide investors towards better investment results.

Why United Airlines (UAL) Stock Is Down 15% This Week

United Airlines shares are trading lower by 15% since Monday's open. The stock is down amid rising trade tensions, higher costs and global uncertainty.

Elon Musk's New Project... Revealed - Ad

You won't believe what Elon Musk is hiding... Inside this facility in the middle of an industrial zone of Memphis, right next to a decommissioned coal plant.

Japan's exports surge in February, leaving a trade surplus as worries persist over Trump's tariffs

TOKYO (AP) — Japan has reported its exports grew at an 11.4% annual pace in February while imports declined slightly, leaving a surplus after two straight months of deficits as worries grow about President Donald Trump’s .

Economists React To Powell: 'We Are Now Seeing The Stag And The Flation'

The Federal Reserve left interest rates unchanged at 4.25%-4.50% on Wednesday, with Chairman Jerome Powell reviving the term “transitory” to describe the potential inflationary effects of new tariffs.

Globetrotting CFA Discovers Top Four Gold Miners With 100X Upside Potential - Ad

Most CFAs sit at a desk... But one unusual CFA went all-in on gold investing 20 years ago... and accidentally positioned himself as the expert's expert for the current bull market. Garrett Goggin's research has led him to the the Top Four miners sitting on potential upside of 100X or more for the current gold mania. He's been offered as much as $100k by Hedge Funds.

US Steel Faces Q1 Pressures, But Eyes Long-Term Gains From BR2 & Nippon Partnership

US Steel shares drop premarket as company projects adjusted EPS loss and lower EBITDA in Q1 2025, but expects improvement in future.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service