Back in time
ATSG Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Air Transport Services Group, Inc. Is Fair to ShareholdersU.S. Bancorp (NYSE:USB) Declares Quarterly Dividend of $0.50
We are living through a period of unprecedented species extinction due to human-induced changes to the planet's ecosystems . This is not the first time human activities radically changed relationships between land and life. Illustrated by a famous photograph of remains, the extermination of bison from the North American West in the 19th century is one key example of catastrophic species loss. As a visual studies researcher, I use photographs to analyze the impacts of colonization on human and non-human lives. Images of bison bones provide a window into the cultural and ecological relations that tie animal and human lives together . Through photographs, we can also think about bison extermination as part of a history of relationships . An iconic image The most famous photograph of bison extermination is a grisly image of a mountain of bison skulls. It was taken outside of Michigan Carbon Works in Rougeville, Mich., in 1892. This photo from 1892 shows two men with an enormous pile of American bison (buffalo) skulls. Originally numbering 30-60 million, commercial hunting and government campaigns aimed at destroying the Indian way of life ultimately reduced the total bison population to Former US president Jimmy Carter dies aged 100
Bitcoin Disruption: Quantum Computing And OP_CATJCB1-125DC 125A DC Miniature Circuit Breaker: Features and Application 12-26-2024 05:50 PM CET | Industry, Real Estate & Construction Press release from: ABNewswire The JCB1-125DC 125A DC Miniature Circuit Breaker (MCB) [ https://www.w9-group.com/jcb3-63dc-polarity-dc-miniature-circuit-breaker-mcb-1-product/ ] is a robust and reliable electrical protection device specifically designed for handling direct current (DC) applications. This high-performance MCB provides short circuit and overload protection with an impressive breaking capacity of 6kA, making it ideal for various high-power applications. Its compliance with IEC 60947-2 standards ensures that the device meets rigorous safety and performance benchmarks, further cementing its status as a dependable choice in the industry. Image: https://ecdn6.globalso.com/upload/p/1205/image_product/2024-11/1-48.png This DC MCB comes packed with features that make it an ideal choice for safeguarding DC circuits. Let's explore its notable features: * Short Circuit and Overload Protection: The primary function of the JCB1-125DC 125A DC Miniature Circuit Breaker is to provide short circuit and overload protection to prevent damage to electrical systems. Overloads occur when a circuit draws more current than it's designed for, and short circuits happen when there is a direct contact between live wires, resulting in excess current. The MCB responds by interrupting the current flow, thereby protecting connected devices and systems. * Breaking Capacity of 6kA: With a breaking capacity of 6kA, the JCB1-125DC can handle a significant surge of current before it trips, making it suitable for demanding applications. A high breaking capacity ensures that the MCB can withstand large fault currents without causing damage to the circuit breaker itself. This high capacity adds to the breaker's longevity and reliability in industrial environments. Image: https://ecdn6.globalso.com/upload/p/1205/image_product/2024-11/2-44.png * Rated Current Options: 63A, 80A, 100A, and 125A: The JCB1-125DC 125A DC Miniature Circuit Breaker is available in multiple rated currents, including 63A, 80A, 100A, and 125A. This range makes the breaker adaptable to varying current requirements in different applications. Users can choose the model best suited to their electrical systems based on the expected load and protection requirements. * Rated Voltage Up to 1000V: The MCB is rated for use in circuits up to 1000V DC, which makes it suitable for high-voltage applications. Many traditional MCBs are designed for lower voltages, primarily in AC systems, so having a DC breaker that can handle up to 1000V is a significant advantage for power-intensive DC circuits. * Compact 27mm Module Width: The compact 27mm module width of the JCB1-125DC allows it to be easily integrated into electrical panels without taking up excessive space. This design feature is especially beneficial for industrial installations where space-saving is a priority, as multiple circuit breakers can be fitted in a single panel with optimized space utilization. * Contact Indicator: An essential safety feature of the JCB1-125DC 125A DC Miniature Circuit Breaker is its contact indicator. This indicator shows whether the breaker is in the ON or OFF position, allowing operators to easily monitor the breaker's status. This visibility minimizes errors and provides immediate insight into the breaker's state, enhancing safety during maintenance and inspection. * Compliance with IEC 60947-2: The IEC 60947-2 standard defines the requirements for low-voltage switchgear and controlgear, ensuring safety, reliability, and operational efficiency. Compliance with this international standard certifies that the JCB1-125DC meets strict quality benchmarks, providing users with peace of mind that the breaker is built to high industry standards. Image: https://ecdn6.globalso.com/upload/p/1205/image_product/2024-11/3-20.png Applications of JCB1-125DC 125A DC Miniature Circuit Breaker (MCB) The versatility of the JCB1-125DC 125A DC Miniature Circuit Breaker makes it suitable for a wide range of applications. Here are some of the most common scenarios where this MCB proves invaluable: * Renewable Energy Systems (e.g., Solar Power Systems): Solar power systems, particularly inverters and battery storage systems, often require DC circuit protection. The high voltage rating (up to 1000V) and range of current options make the JCB1-125DC an excellent choice for protecting solar panels and energy storage components from overload and short circuit conditions. * Telecommunication and Data Centers: Telecommunications and data centers rely heavily on stable DC power supply systems. The JCB1-125DC helps protect the sensitive equipment from potential electrical faults by providing rapid response to overloads and short circuits, ensuring the continuity of critical operations. * Electric Vehicle (EV) Charging Stations: As the demand for EVs rises, the need for reliable circuit protection in EV charging stations also grows. The JCB1-125DCcan handle the high currents and voltages typical of EV charging circuits, protecting both the charging station and the vehicle's electrical system. * Battery Backup Systems and Uninterruptible Power Supplies (UPS): Many industrial and commercial facilities use battery backup systems or UPS to maintain power in the event of an outage. The JCB1-125DC provides the necessary protection for these systems, ensuring they operate safely and are protected from faults. * Railway Systems and Transport: Railway and transport systems frequently utilize DC power for traction and signaling. The JCB1-125DC can safeguard these systems, which are subject to high currents, preventing equipment damage and enhancing safety. Installation and Operation Considerations for JCB1-125DC MCB When installing the JCB1-125DC 125A DC Miniature Circuit Breaker, there are several important factors to keep in mind: * Wiring and Connection: Ensure that all wiring and connection points are secure and that the circuit breaker is installed according to the manufacturer's specifications. Loose connections can lead to overheating and potentially damage the breaker and connected equipment. * Mounting Orientation: Proper orientation and secure mounting are essential to maintain the breaker's functionality and ensure safety. The 27mm module width allows it to fit easily into standard DC panels without requiring extensive adjustments. * Regular Testing and Maintenance: Routine testing and maintenance are necessary to ensure that the JCB1-125DC remains operational. Regular inspections of the contact indicator and periodic testing of its response to simulated faults help verify that the breaker will function as expected during an actual fault. * Environmental Conditions: The JCB1-125DC should be installed in an environment with a stable temperature and free from excessive moisture or dust. Extreme temperatures and environmental contaminants can affect its performance and may shorten its lifespan. * Coordination with Other Protective Devices: When used in combination with other protective devices, ensure coordination to avoid nuisance tripping or unintended system shutdowns. Proper selection of breaker rating and breaking capacity aids in achieving a coordinated and effective protection scheme. The JCB1-125DC 125A DC Miniature Circuit Breaker (MCB) [ https://www.w9-group.com/jcb3-63dc-polarity-dc-miniature-circuit-breaker-mcb-1-product/ ] stands out for its robust design, high breaking capacity, and adaptability for various applications. From renewable energy systems to telecommunications and EV charging stations, this DC MCB offers reliable short circuit and overload protection, which is critical in today's high-demand electrical environments. Its compact form factor and compliance with IEC 60947-2 further enhance its appeal, making it an ideal choice for any system requiring dependable DC circuit protection. Media Contact Company Name: W9 group Technology Electronic Co,. Ltd. Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=jcb1125dc-125a-dc-miniature-circuit-breaker-features-and-application ] Phone: +8615906878798 Address:No. 36, Punan Second Road, Yueqing Economic Development Zone City: Wenzhou State: Zhejiang Country: China Website: https://www.w9-group.com/ This release was published on openPR.
Origin co-founder, John Bissell at the Origin Materials 1 biomaterials pilot plant in Sarnia, ... [+] Ontario, Canada. Plastics are essential to modern life, but their convenience comes at a steep environmental cost. They are made by distilling mined hydrocarbons in a refinery—a process that releases carbon dioxide and other pollutants. Many plastics are used only once, after which they accumulate in landfills, make their way into rivers and oceans, and disturb marine food chains . Recent studies have found that microplastics also make their way into breast milk , suggesting they are an unfortunate component of human food chains as well. The negative environmental impacts of conventionally manufactured plastics are what makes biomaterials such a hot topic. Origin Materials’ (ORGN) has developed a truly revolutionary insight into this hot topic: its scientists have found a way to produce common plastics and other materials using a feedstock of biomaterials like wood chips, cardboard, and sawdust. In the process of bringing this revolutionary innovation to life, Origin’s scientists stumbled onto a second good idea, one which is less revolutionary but has the advantage of being immediately cash flow generative: a novel manufacturing process that increases the recyclability of single-use plastic containers. The potential climate impact of Origin’s biomaterials technology is astounding. Rearranging hydrogen and carbon atoms to produce common plastics like PET (a type of plastic used to produce everything from drink bottles to synthetic fabric) means that not as much oil must be extracted from underground. Origin’s manufacturing advance enhances plastic recycling, reducing the amount of oil refined into plastic. Other biomaterials companies try to process organic waste to mimic the capabilities of the materials we use in everyday life, an approach that typically results in inferior materials that fall apart too easily, cannot withstand extreme temperatures, etc. In contrast, Origin can create the very same plastics and materials we use every day without further unbalancing the planet’s carbon cycle. FBI Warns iPhone And Android Users—Stop Sending Texts Microsoft’s New Update—Bad News Confirmed For 400 Million Windows Users Smartphone Security Warning—Make These Changes Now Or Become A Victim Operationalizing such a revolutionary innovation isn’t easy, and Origin shareholders have had a rough ride. The company announced several years of delays in constructing its first large-scale commercial plant, leading to a gut-wrenching fall in share price over just a few harrowing trading sessions. Origin's stock price took a greater than 60% hit after management announced significant delays to ... [+] the construction of its large-scale commercial biomaterials plant, OM2, in the third quarter of 2023. Origin’s management, to its credit, scrambled to pivot to a partnership model that would allow it to fund a large-scale commercial plant with less of its own capital and harnessed its plastics chemistry expertise to launch a cash-generative recycling-related business to preserve cash on its balance sheet and avoid the threat of delisting. Origin’s biomaterials technology transforms wood scraps into real plastic Founded in 2008 by John Bissell and Ryan Smith, Origin Materials has pioneered a technology based on CMF (chloromethyl furfural), a new chemical platform created from a feedstock of lignocellulosic biomass (anything made from crushed, cut, or chipped wood). Origin’s new chemical platform enables the production of plastics like PET and other industrial chemicals identical to those derived from hydrocarbons without the environmental impacts of oil extraction and refining. The company believes that, depending on the energy mix of the grid from which a large-scale commercial Origin facility draws power, the company can produce plastics that have very low or even negative carbon footprints without resorting to CCS (please see my series on CCS to learn more about this controversial technology). The market size for the suite of products Origin can produce is astounding—trillions of dollars per year. Origin Materials' biomaterials platform uses CMF as its "trunk", from which various products, ... [+] including PET plastics, nylons, epoxies, and many other basic chemicals can be manufactured. While the company scrambled to find capital partners to help fund the construction of a commercial-scale biomaterials plant, Origin’s management realized that its research into the chemistry of PET enabled it to do something no other firm had been able to do at commercial scale: produce bottle caps made out of PET. Thus, Origin’s secondary product line was born: the “caps and closures” business, which sells caps to large drink companies and licenses its unique technology to other caps and closures manufacturers. The ability to produce PET caps confers a big advantage in plastics recycling, and this niche market is worth $65 billion annually. While the caps and closures business has neither the impact nor the market size of its biomaterials platform, the promise of decent near-term cash flow from this niche did provide the impetus for Origin’s stock price to rise above $1 per share, saving management from having to use a “reverse split” to prevent the stock from being delisted. Origin’s caps and closures technology, though not as sexy as its biomaterials tech, makes plastic recycling easier and is cash generative When different types of plastics are melted together in the recycling process, impurities in the resultant compound plastic reduce its usability. Recycling plastics of a uniform type is much more effective and has less impact on the climate. Plastic bottles are made primarily from PET, while caps are made from other plastics—polypropylene and HDPE—which can be recycled on their own but can’t be recycled together with PET. Consumer product goods companies like PepsiCo faced a quandary earlier this year when the EU mandated that caps must be tethered to bottles. They had to follow this regulatory mandate while demonstrating they are doing all they can to increase recyclability, even as HDPE/PP caps cannot be recycled with PET bottles. Origin’s PET manufacturing technology helps CPG companies by enabling caps and bottles to be made from the same material, improving both recycling efficiency and recycled product quality. As more plastic can be recycled, less oil must be dug up and refined into plastic. Origin has made substantial strides in the caps and closures business this year, completing manufacturing trials, forming partnerships with equipment manufacturers, and announcing their ability to produce tethered caps a month before the EU deadline. In August, the company signed a memorandum of understanding with an unnamed client for PET caps estimated by Origin’s management to be worth $100 million over the next two years. Revenue from this contract will begin in 2025, the company announced, with higher projected sales in 2026. At its 3Q24 earnings announcement, the company provided a bit more color to the $100 million contract and reaffirmed its full-2024 guidance to generate revenues between $25 million and $35 million and hold full-year net cash burn between $55 million and $65 million. I will be posting a separate report on Origin’s third-quarter earnings in the Climate Tech Venture Review, so I won’t rehash the announcement here. While I am most excited about the future of Origin’s biomaterials platform, I am impressed at its nimble and creative strategic adaptation in the face of a major setback. By pivoting to a cash-generative model with caps and closures and establishing strategic partnerships to reduce capital expenditures in its biomaterials business, Origin has taken the necessary steps to realize its vision of plastics made from wood waste. Despite its investment uncertainties, Origin’s biomaterials technology is so compelling and its leadership has displayed such grit that it cannot be ignored. Intelligent investors take note.
Putin apologizes for crash but stops short of saying Azerbaijani plane was shot downMichael Anton, who served in the first Trump administration as its national security spokesman, reportedly pulled himself out of contention for a job at the National Security Council in the second administration because he did not want to work with returning senior Trump administration official Sebastian Gorka. A Washington Post reporter posted on X: New: Michael Anton was a leading candidate to become deputy national security adviser but pulled himself out of contention when he was told he would have to work with Sebastian Gorka at the NSC, per sources A source familiar with the transition, however, confirmed to Breitbart News that it was true that Anton backed out of working in the NSC when told that Gorka — who is close to President-Elect Donald Trump — was returning. Trump announced Friday that Gorka would return to the White House as deputy assistant to the president and senior director for counterterrorism. Gorka told the Post, “I don’t comment to the fake failing news.” While Anton claimed that Gorka had yelled at him in a Fox News green room, Anton himself had a reputation for screaming at people, including this reporter over a story that would reflect negatively on then-Trump National Security Adviser and Lt. Gen. H.R. McMaster. Anton had gained recognition for writing one essay under a pseudonym that was seen as the “intellectual case” for Trump’s election back in 2016. That essay landed him a job in the first Trump administration from February 2017 to April 2018. He resigned after McMaster was fired. Trump has been staffing his White House with advisers he personally trusts, after acknowledging that he made some staffing mistakes during his first administration, with staffers and aides who undermined him and his agenda. The Post reporter claimed Anton was “expected to be in contention for other administration jobs.” Follow Breitbart News’s Kristina Wong on ”X” , Truth Social , or on Facebook .
ATLANTA — Jimmy Carter, the peanut farmer who won the presidency in the wake of the Watergate scandal and Vietnam War, endured humbling defeat after one tumultuous term and then redefined life after the White House as a global humanitarian, has died. He was 100 years old. The longest-lived American president died on Sunday, more than a year after entering hospice care, at his home in the small town of Plains, Georgia, where he and his wife, Rosalynn, who died at 96 in November 2023, spent most of their lives, The Carter Center said. Businessman, Navy officer, evangelist, politician, negotiator, author, woodworker, citizen of the world — Carter forged a path that still challenges political assumptions and stands out among the 45 men who reached the nation’s highest office. The 39th president leveraged his ambition with a keen intellect, deep religious faith and prodigious work ethic, conducting diplomatic missions into his 80s and building houses for the poor well into his 90s. People are also reading... “My faith demands — this is not optional — my faith demands that I do whatever I can, wherever I am, whenever I can, for as long as I can, with whatever I have to try to make a difference,” Carter once said. A moderate Democrat, Carter entered the 1976 presidential race as a little-known Georgia governor with a broad smile, outspoken Baptist mores and technocratic plans reflecting his education as an engineer. His no-frills campaign depended on public financing, and his promise not to deceive the American people resonated after Richard Nixon’s disgrace and U.S. defeat in southeast Asia. “If I ever lie to you, if I ever make a misleading statement, don’t vote for me. I would not deserve to be your president,” Carter repeated before narrowly beating Republican incumbent Gerald Ford, who lost popularity after pardoning Nixon. Carter governed amid Cold War pressures, turbulent oil markets and social upheaval over racism, women’s rights and America’s global role. His most acclaimed achievement in office was a Mideast peace deal that he brokered by keeping Egyptian President Anwar Sadat and Israeli Prime Minister Menachem Begin at the bargaining table for 13 days in 1978. That Camp David experience inspired the post-presidential center where Carter would establish so much of his legacy. Yet Carter’s electoral coalition splintered under double-digit inflation, gasoline lines and the 444-day hostage crisis in Iran. His bleakest hour came when eight Americans died in a failed hostage rescue in April 1980, helping to ensure his landslide defeat to Republican Ronald Reagan. Carter acknowledged in his 2020 “White House Diary” that he could be “micromanaging” and “excessively autocratic,” complicating dealings with Congress and the federal bureaucracy. He also turned a cold shoulder to Washington’s news media and lobbyists, not fully appreciating their influence on his political fortunes. “It didn’t take us long to realize that the underestimation existed, but by that time we were not able to repair the mistake,” Carter told historians in 1982, suggesting that he had “an inherent incompatibility” with Washington insiders. Carter insisted his overall approach was sound and that he achieved his primary objectives — to “protect our nation’s security and interests peacefully” and “enhance human rights here and abroad” — even if he fell spectacularly short of a second term. Ignominious defeat, though, allowed for renewal. The Carters founded The Carter Center in 1982 as a first-of-its-kind base of operations, asserting themselves as international peacemakers and champions of democracy, public health and human rights. “I was not interested in just building a museum or storing my White House records and memorabilia,” Carter wrote in a memoir published after his 90th birthday. “I wanted a place where we could work.” That work included easing nuclear tensions in North and South Korea, helping to avert a U.S. invasion of Haiti and negotiating cease-fires in Bosnia and Sudan. By 2022, The Carter Center had declared at least 113 elections in Latin America, Asia and Africa to be free or fraudulent. Recently, the center began monitoring U.S. elections as well. Carter’s stubborn self-assuredness and even self-righteousness proved effective once he was unencumbered by the Washington order, sometimes to the point of frustrating his successors. He went “where others are not treading,” he said, to places like Ethiopia, Liberia and North Korea, where he secured the release of an American who had wandered across the border in 2010. “I can say what I like. I can meet whom I want. I can take on projects that please me and reject the ones that don’t,” Carter said. He announced an arms-reduction-for-aid deal with North Korea without clearing the details with Bill Clinton’s White House. He openly criticized President George W. Bush for the 2003 invasion of Iraq. He also criticized America’s approach to Israel with his 2006 book “Palestine: Peace Not Apartheid.” And he repeatedly countered U.S. administrations by insisting North Korea should be included in international affairs, a position that most aligned Carter with Republican President Donald Trump. Among the center’s many public health initiatives, Carter vowed to eradicate the guinea worm parasite during his lifetime, and nearly achieved it: Cases dropped from millions in the 1980s to nearly a handful. With hardhats and hammers, the Carters also built homes with Habitat for Humanity. The Nobel committee’s 2002 Peace Prize cites his “untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” Carter should have won it alongside Sadat and Begin in 1978, the chairman added. Carter accepted the recognition, saying there was more work to be done. “The world is now, in many ways, a more dangerous place,” he said. “The greater ease of travel and communication has not been matched by equal understanding and mutual respect.” Carter’s globetrotting took him to remote villages where he met little “Jimmy Carters,” so named by admiring parents. But he spent most of his days in the same one-story Plains house — expanded and guarded by Secret Service agents — where they lived before he became governor. He regularly taught Sunday School lessons at Maranatha Baptist Church until his mobility declined and the coronavirus pandemic raged. Those sessions drew visitors from around the world to the small sanctuary where Carter will receive his final send-off after a state funeral at Washington’s National Cathedral. The common assessment that he was a better ex-president than president rankled Carter and his allies. His prolific post-presidency gave him a brand above politics, particularly for Americans too young to witness him in office. But Carter also lived long enough to see biographers and historians reassess his White House years more generously. His record includes the deregulation of key industries, reduction of U.S. dependence on foreign oil, cautious management of the national debt and notable legislation on the environment, education and mental health. He focused on human rights in foreign policy, pressuring dictators to release thousands of political prisoners. He acknowledged America’s historical imperialism, pardoned Vietnam War draft evaders and relinquished control of the Panama Canal. He normalized relations with China. “I am not nominating Jimmy Carter for a place on Mount Rushmore,” Stuart Eizenstat, Carter’s domestic policy director, wrote in a 2018 book. “He was not a great president” but also not the “hapless and weak” caricature voters rejected in 1980, Eizenstat said. Rather, Carter was “good and productive” and “delivered results, many of which were realized only after he left office.” Madeleine Albright, a national security staffer for Carter and Clinton’s secretary of state, wrote in Eizenstat’s forward that Carter was “consequential and successful” and expressed hope that “perceptions will continue to evolve” about his presidency. “Our country was lucky to have him as our leader,” said Albright, who died in 2022. Jonathan Alter, who penned a comprehensive Carter biography published in 2020, said in an interview that Carter should be remembered for “an epic American life” spanning from a humble start in a home with no electricity or indoor plumbing through decades on the world stage across two centuries. “He will likely go down as one of the most misunderstood and underestimated figures in American history,” Alter told The Associated Press. Be the first to know Get local news delivered to your inbox!Vancouver Police Board vice-chair resigns following social media comments
Review: The Anker Solix C300 rewrites the compact portable power station rule bookColumn: Visiting America’s battlefields? Show some respect
Two men that own a recruiting start-up have been accused of defrauding a childhood friend that liquidated her retirement savings to invest in their business venture, authorities said Friday. The civil enforcement action filed by the state Bureau of Securities within the Attorney General’s Office alleges misdealings by Bowmo’s chairman and president Michael Lakshin of Fair Lawn and CEO and co-founder Edward Aizman of Brooklyn, New York. Authorities allege that Lakshin and Aizman used “fraud and deception” to convince one of Lakshin’s childhood friends to cash in her retirement account and invest in their start-up. But authorities said most of the money the woman invested went to personal expenses such as a stay at a Cape Cod bed and breakfast and purchases at luxury designer stores such as Brunelli Cucinelli. “The defendants callously used a personal connection to lure an unsuspecting victim into a money grab scheme disguised as an investment opportunity,” said Cari Fais, Director of the Division of Consumer Affairs. “Our lawsuit seeks to hold them accountable for their unlawful conduct, claw back their ill-gotten gains, require them to make the victim whole, and prevent them from defrauding anyone else.” Between April and August of 2020, Lakshin and Aizman offered and sold at least $84,681 of Bowmo securities to at least one New Jersey investor, authorities said. Lakshin and Aizman allegedly told the investor that her money would earn a significantly higher return if invested in Bowmo rather than her retirement savings account, according to authorities. Lakshin told the investor that Bowmo had made him rich through successfully recruiting and placing job candidates and could do the same for her, officials said. Lakshin leveraged the childhood connection to pressure the woman to invest her retirement savings account with Bowmo after he learned that she had over $90,000 in the account with another financial institution, authorities said. In a series of text messages, authorities said Lakshin pressured the woman to use the retirement savings to invest in Bowmo and earn “a MUCH GREATER return” and said that by the end of July 2020 the company would “already be full” with investors. Lakshin also falsely told the woman that she would not have to pay taxes and penalties if she withdrew the money from the retirement account while also promising to cover any fees she incurred from withdrawing the money, authorities said. After the woman told Lakshin on June 21, 2020 that she was hesitant to make the investment, authorities say he told her that he was “going to look really bad in front of [his] partners.” Five days later the woman liquidated her retirement account, forfeiting over $5,000 in fees and exposed her to tax liabilities because it was not rolled into another qualifying retirement plan, officials said. Lakshin and Aizman provided the woman with access to an investor package that explained how the money would be used to further develop Bowmo’s software, expand marketing opportunities, make strategic hires and cover general corporate expenses among other things, authorities said. On July, 2 2020, the woman met Aizman and Lakshin at a restaurant in Fort Lee and signed a Bowmo subscription agreement and later that month, wired $84,681 to a Bowmo bank account controlled by Lakshin and Aizman, officials said. Shortly after the money reached Bowmo’s account, which had just over $38,000 from a $40,000 COVID-19 disaster relief loan already in it, approximately $55,000 was transferred to an account controlled by Lionscross, a company solely owned by Lakshin and unrelated to Bowmo, according to the civil complaint. Funds were also transferred from Bowmo to Aizman’s wife in August 2020, according to the complaint. Authorities said in the complaint that Lakshin started withdrawing cash, transferring money to family members, and making a $3,201 purchase at Brunello Cucinelli. Larger sums of money were transferred from the Bowmo investment account to Lionscross over the next month and used to make a $25,000 purchase at a Jaguar Land Rover Dealership and other expenses, according to the complaint. Authorities said in the complaint that about $5,000 of the investor’s money was also transferred to an Apple bank account associated with Aizman’s wife and was spent on a stay at a bed and breakfast in Cape Cod as well as cosmetics purchases and restaurant bills. Multiple attempts to reach Lakshin and Aizman for comment were not immediately returned Friday. No attorneys for Lakshin, Aizman or Bowmo were listed with the Attorney General’s Office on Friday. A court appearance in the matter hasn’t been scheduled yet, according to the Attorney General’s Office. Stories by Matthew Enuco Texas man involved in deadly foot chase with N.J. cops is identified N.J. man gets 7 years in prison for sexually assaulting 12-year-old he met on social media Ex N.J. broker admits stealing millions from clients to gamble and purchase luxe items Our journalism needs your support. Please subscribe today to NJ.com . Matthew Enuco may be reached at Menuco@njadvancemedia.com . Follow Matt on X .