THE NEW YORK STATE DEPARTMENT OF LABOR ANNOUNCES EXPANSION OF VIRTUAL CAREER CENTER TO HELP BUSINESSES FIND SKILLED WORKERS

 

THE NEW YORK STATE DEPARTMENT OF LABOR ANNOUNCES EXPANSION OF VIRTUAL CAREER CENTER TO HELP BUSINESSES FIND SKILLED WORKERS

The New York State Department of Labor Utilizes Cutting-Edge Technology to Help Employers Fill Key Roles   

Employers Can Create Free Accounts

As part of its ongoing commitment to support businesses statewide, the New York State Department of Labor today announced a new service to help businesses swiftly find skilled job candidates, at no cost. NYSDOL’s enhanced Virtual Career Center allows businesses to tap into the state’s workforce pipeline and find qualified candidates geared specifically to businesses’ needs in seconds. The platform also enables employers to post jobs, communicate directly with job candidates, as well as track and advance prospective hires through different recruiting phases. Employers can start saving time and money by visiting the Virtual Career Center. This is part of the Department’s commitment to advance Governor Hochul’s vision to make New York the most business-friendly state in the nation.

“Our virtual tools are connecting businesses to top talent across the state in real time,” said New York State Department of Labor Commissioner Roberta Reardon. “I want businesses of all sizes to know that we can help them find staff to best suit their needs directly from New York State’s highly skilled and dedicated workforce. I encourage businesses to utilize the Virtual Career Center and our other resources today.”

Initially launched during the COVID-19 pandemic to connect unemployed New Yorkers with job opportunities, the free platform was expanded in September 2022 to give all interested New Yorkers access to more than 250,000 vetted job postings and job training resources to take their careers to the next level. More than 80,000 job seekers have signed up to use this online resource. Now, New York State’s 500,000 businesses can utilize this service for skills-based hiring through the tool.

Eightfold customized the online platform so NYSDOL could include businesses in the expansion.

Eightfold CEO and Co-Founder Ashutosh Garg said, "The State of New York prioritizes the creation of career-building, family-sustaining employment opportunities for its citizens, and the expansion of the Virtual Career Center is a landmark moment in that journey. We are proud to partner with their team to establish New York as a talent leader and innovator."

The Virtual Career Center is the latest development in NYSDOL’s ongoing effort to connect New Yorkers to available job opportunities across New York State through virtual services. Job seekers and businesses can participate in NYSDOL’s Virtual Career Fairs, promoted on the  Career Center Events and Recruitments Calendar. Through this calendar, job seekers can also participate in NYSDOL's daily virtual workshops at no-cost. Unemployed and underemployed New Yorkers can also learn new skills relevant to high-demand careers by enrolling in free online classes though New York’s award-winning partnership with Coursera.

NYSDOL offers several services to support businesses of any size across New York State. Its Business Services Representatives work with entrepreneurs to create customized solutions to help meet their business goals. The Department also offers free human resource service consultations and assists with workforce recruitment to help employers find skilled workers. NYSDOL offers guidance on hiring incentives, tax credits and funding opportunities that can help employers curb costs.

Governor Hochul invested more than $1 billion to support New York's small business community and accelerate the state's pandemic recovery, including the $800 million COVID-19 Pandemic Small Business Recovery Grant Program, $200 million Seed Funding Grant Program, and $550 million federal State Small Business Credit Initiative. The Governor also secured an additional $1 billion in funding to invest in local economies as part of the FY 2024 Budget, including $225 million in grant funding and tax credits for the Regional Economic Development Councils, $100 million each to fund an additional year of the Downtown Revitalization Initiative and NY Forward, $50 million for the RESTORE New York Communities Initiative, $400 million for the NYWORKS Economic Development Fund and almost $200 million for projects that support community growth and enhancement.

NYSDOL continues to utilize innovative technology as part of its commitment to better serve New Yorkers. Ongoing efforts include the 4-year strategic modernization plan, a multipronged system upgrade that will reduce call volume, enhance customer experience, and swiftly connect New Yorkers to Unemployment Insurance benefits.

Senior FARC Commander Pleads Guilty in Brooklyn Federal Court to Conspiring to Distribute Massive Quantities Of Cocaine for Importation into the United States

Martin Leonel Perez Castro, also known as “Richard,” pleaded guilty today in federal court in Brooklyn to conspiracy to distribute cocaine internationally, intending and knowing that the cocaine would be illegally imported into the United States.  The proceeding was held before United States District Judge Brian M. Cogan.  Perez Castro, the commander of the Revolutionary Armed Forces of Colombia (FARC) 30th Front, a group that operated in southwestern Colombia, was extradited to the Eastern District of New York in June 2022.  When sentenced, he faces up to life in prison.

Breon Peace, United States Attorney for the Eastern District of New York, Anne Milgram, Administrator, U.S. Drug Enforcement Administration (DEA), and Thomas M. Fattorusso, Special Agent-in-Charge, Internal Revenue Service Criminal Investigation, New York Field Office (IRS-CI), announced the guilty plea.

“The defendant was a senior FARC leader who financed the group’s violence and terrorism through the production and distribution of thousands of kilograms of cocaine on a global scale,” stated United States Attorney Peace.  “Today’s guilty plea is a powerful reminder to drug trafficking organizations all over the world that this Office and our law enforcement partners will bring them to justice for the harm and misery they have caused in the United States and elsewhere.” 

Mr. Peace extended his appreciation to the DEA’s office in Bogota, Colombia, the United States Department of State, the Department of Justice’s Office of International Affairs, the Criminal Division’s Narcotic and Dangerous Drug Section (NDDS) Judicial Attaché Office in Bogotá, Colombia, the Colombian National Police, and the Government of Colombia.

“As a senior FARC leader, Perez Castro used violence, power and notoriety to import tons of cocaine from Colombia into New York City,” stated DEA Administrator Milgram.  “Today's guilty plea reflects DEA’s unwavering commitment to hold all drug traffickers accountable and should send a clear message to drug networks across the globe that we will investigate and dismantle organizations that threaten the safety and health of the American people.”

“This FARC senior official maintained a revenue stream that used extortion and direct sales to cocaine dealers to fund the para-military group.  In his position, Perez Castro is responsible for distributing thousands of kilos of cocaine in and around the United States.  Today’s guilty plea is the result of the great investigative work of DEA and IRS-CI Special Agents and incredible law enforcement partnerships globally,” stated IRS-CI New York Special Agent-in-Charge Fattorusso. 

As set forth in the indictment, court filings, and statements made in Court, the FARC’s 30th Front, led by Perez Castro, generated revenue by directly selling cocaine to drug traffickers or extorting payments from traffickers operating in the 30th Front’s territory.  The cocaine trafficked by the 30th Front was later smuggled into the United States, Europe, and elsewhere.  The 30th Front also attacked rival drug trafficking groups or Colombian government forces to protect or expand FARC territory.  As part of his plea, Perez Castro will take responsibility for the distribution of more than 75,000 kilograms of cocaine.    

The FARC was founded in 1964 as a left-wing paramilitary group dedicated to the violent overthrow of the Government of Colombia.  Over decades of conflict, the FARC attacked Colombian government forces and used targeted killings, kidnapping, and other terrorist tactics to achieve its ends.  In October 1997, the U.S. Secretary of State designated the FARC as a foreign terrorist organization (FTO), pursuant to Title 8, United States Code, Section 1189.  After the Government of Colombia and the FARC entered into a peace accord in 2016, the FARC formally dissolved.  On November 30, 2021, the U.S. Secretary of State revoked the designation of the FARC as an FTO.   The defendant’s conduct occurred prior to the 2016 peace accord. 

This prosecution is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF 

Emergency Executive Order 477

 

August 13, 2023 

WHEREAS, over the past several months, thousands of asylum seekers have been arriving in New York City, from the Southern border, without having any immediate plans for shelter; and 

WHEREAS, the City now faces an unprecedented humanitarian crisis that requires it to take extraordinary measures to meet the immediate needs of the asylum seekers while continuing to serve the tens of thousands of people who are currently using the DHS Shelter System; and 

WHEREAS, additional reasons for requiring the measures continued in this Order are set forth in Emergency Executive Order No. 224, dated October 7, 2022; and 

WHEREAS, the state of emergency based on the arrival of thousands of individuals and families seeking asylum, first declared in Emergency Executive Order No. 224, dated October 7, 2022, and extended most recently by Emergency Executive Order No. 474, dated August 8, 2023, remains in effect; 

NOW, THEREFORE, pursuant to the powers vested in me by the laws of the State of New York and the City of New York, including but not limited to the New York Executive Law, the New York City Charter and the Administrative Code of the City of New York, and the common law authority to protect the public in the event of an emergency: 

Section 1. I hereby order that section 2 of Emergency Executive Order No. 474, dated August 8, 2023, is extended for five (5) days. 

2 - This Emergency Executive Order shall take effect immediately and shall remain in effect for five (5) days unless it is terminated or modified at an earlier date. 

 

Eric Adams 

Mayor 

UBS Agrees to Pay $1.435 Billion for Fraud in the Sale of Residential Mortgage-Backed Securities

 

Settlement Brings Total Amount of Civil Penalties Paid by Banks, Originators, and Ratings Agencies for Such Securities to Over $36 Billion 

UBS AG and several of its U.S.-based affiliates (together, UBS) have agreed to pay $1.435 billion in penalties to settle a civil action filed in November 2018 alleging misconduct related to UBS’ underwriting and issuance of residential mortgage-backed securities (RMBS) issued in 2006 and 2007. This settlement resolves the last case brought by a Justice Department working group dedicated to investigating conduct of banks and other entities for their roles in creating and issuing RMBS leading up to the 2008 financial crisis.

Following an extensive investigation, the United States filed a complaint alleging that UBS defrauded investors in connection with the sale of 40 RMBS issued in 2006 and 2007. The complaint alleged that UBS knowingly made false and misleading statements to buyers of these securities relating to the characteristics of the mortgage loans underlying the RMBS in violation of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). The FIRREA claims were based on alleged violations of the mail, wire, and bank fraud statutes.

“In the wake of the 2008 financial crisis, people all across the country experienced financial ruin and emotional devastation, and many are still recovering nearly 15 years later,” said Associate Attorney General Vanita Gupta. “As this settlement demonstrates, the department and our partner agencies remain committed to holding accountable those who break the law and undermine the well-being of American families.”

“The results achieved by the RMBS Working Group are a testament to the exceptional dedication and hard work by department attorneys over many years,” said Principal Deputy Assistant Attorney General Brian M. Boynton, head of the Justice Department’s Civil Division. “We are grateful for the outstanding support provided by our partners in federal agencies and states that similarly sought to hold responsible those entities that contributed to the 2008 financial crisis.”

“With this resolution, UBS will pay for its conduct related to its underwriting and issuance of residential mortgage-backed securities. The substantial civil penalty in this case serves as a warning to other players in the financial markets who seek to unlawfully profit through fraud that we will hold them accountable no matter how long it takes,” stated U.S. Attorney Breon Peace for the Eastern District of New York. “The over $36 billion collected for conduct that fueled the 2008 financial crisis reflects the Department of Justice’s deep commitment to protecting financial markets, investors and the public against fraudulent conduct.”

“This settlement represents accountability from those who thought they were above the law,” said U.S. Attorney Ryan Buchanan for the Northern District of Georgia. “UBS’ conduct at issue in this case played a significant role in causing a financial crisis that harmed millions of Americans. We will continue to seek accountability when financial institutions – large or small – misrepresent vital information to investors and undermine trust in our public markets.”

The government’s complaint alleged that contrary to UBS’ representations in publicly filed offering documents, UBS knew that significant numbers of the loans backing the RMBS did not comply with loan underwriting guidelines that were designed to assess borrowers’ ability to repay. The complaint further asserted that UBS knew that the property values associated with a significant number of the securitized loans were unsupported, and that significant numbers of the loans had not been originated in accordance with consumer protection laws. UBS was allegedly aware of these significant problems because it had conducted extensive due diligence on the underlying loans prior to the RMBS being issued to determine whether the loans were consistent with representations that would be made to investors. Ultimately, the 40 RMBS sustained substantial losses.   

“The Federal Housing Finance Agency Office of Inspector General (FHFA-OIG), together with our RMBS Working Group partners, investigated and held accountable those who sought to victimize Fannie Mae, Freddie Mac and investors by selling fraudulent mortgage-backed securities,” said FHFA Inspector General Brian Tomney. “We appreciate our longstanding partnership with the Department of Justice and its vigorous pursuit of justice in this case.”

With the UBS settlement announced today, the Justice Department has collected more than $36 billion in civil penalties from entities for their alleged conduct in connection with mortgages securitized in failed RMBS leading up to the 2008 financial crisis. These resolutions include settlements with the following banks, mortgage originators, and rating agencies: Ally Financial; Aurora Loan Services; Bank of America; Barclays; Citigroup; Credit Suisse; Deutsche Bank; General Electric; Goldman Sachs; HSBC; JPMorgan; Moody’s; Morgan Stanley; Nomura; Royal Bank of Scotland; S&P; Société Générale; and Wells Fargo. 

Collectively, these matters were handled by 11 U.S. Attorneys’ Offices and the Justice Department’s Civil Division, in conjunction with the RMBS Working Group. The RMBS Working Group was a federal and state law enforcement effort focused on investigating fraud and abuse in the RMBS market that led to the financial crisis. Formed in 2012, the RMBS Working Group brought together more than 200 attorneys, investigators, analysts, and staff from dozens of state and federal agencies, including the FHFA-OIG, the Department of Housing and Urban Development, the Office of the Special Inspector General for the Troubled Asset Relief Program, the Securities and Exchange Commission, and the FBI, to investigate financial fraud in RMBS. 

Assistant U.S. Attorneys Bonni J. Perlin, Michael J. Castiglione, Richard K. Hayes, Edward K. Newman and Melanie Speight for the Eastern District of New York, Austin M. Hall and Andres H. Sandoval, and former Assistant U.S. Attorney Armen Adzhemyan for the Northern District of Georgia handled the case. 

The claims resolved in the settlement are allegations only and there has been no determination of liability.