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Fake federal agent who duped Secret Service pleads guilty

One of two men accused of impersonating federal law enforcement officials in a scheme that duped Secret Service agents and others pleaded guilty Monday to multiple charges in Washington, DC

Arian Taherzadeh’s plea came nearly four months after his arrest with a second man, Haider Ali, exposed allegations that they compromised Secret Service agents with access to the White House — including at least one assigned to protect first lady Jill Biden.

It also revealed a cache of weapons and police equipment at apartments the two Washington men maintained.

In addition to federal conspiracy, Taherzadeh, 40, as part of his plea, also admitted guilt to two District of Columbia offenses: unlawful possession of a large-capacity ammunition-feeding device and voyeurism.

The latter charge relates to his unauthorized videotaping of women having sex in apartments he leased and rigged with surveillance cameras.

Taherzadeh’s sentencing date has not been scheduled. He faces a maximum sentence of five years in prison, but federal sentencing guidelines stipulated in his plea agreement suggest he receive a prison term of between 37 months and 46 months.

As part of his plea agreement, Taherzadeh agreed to cooperate with federal authorities in their ongoing investigation. He remains free, but cannot leave his home, with few exceptions, as a condition of his court-ordered release of him after his arrest of him.

Prosecutors said he concocted his elaborate series of fake claims of being a federal agent to obtain multiple apartments for which he failed to pay rent, to promote his own security company and to ingratiate himself with current federal officers.

Ali, 36, has pleaded not guilty to charges of false impersonation of a federal officer, and to unlawful possession of a large-capacity ammunition-feeding device in the case, which is pending in US District Court in Washington. Ali is also under effective house arrest.

Prosecutors said that a third person, who was not identified in court filings, participated in the scheme.

Taherzadeh in 2018 created a purported private investigative agency called the United States Special Police, which despite its name was not associated in any way with the US government, prosecutors said.

From late 2018 through April, Taherzadeh falsely claimed to be a special agent with the Homeland Security Department, a member of a federal task force, a former US Air Marshal, and an ex-Army Ranger, according to court filings.

He used those claims to cozy up to Secret Service agents, some of whom he gave gifts, which included a generator and a “doomsday” backpack to one agent, and the use of two rent-free apartments for about a year to two other agents , prosecutors said.

In all, the gifts to members of the Secret Service were worth more than $90,000, prosecutors said.

Taherzadeh’s company obtained leases for multiple apartments in three residential complexes in Washington, but did not pay rent, parking fees and other costs, leading to more than $800,000 in losses to the complexes’ owners, filings say.

And “Taherzadeh installed surveillance cameras outside and inside his apartment in one of the complexes,” the US Justice Department said in a press release.

“Among other places, he installed, maintained, and utilized cameras in his bedroom. He used these cameras to record women engaged in sexual activity. Taherzadeh then showed these explicit videos to third parties,” according to the release.

Four members of the Secret Service were placed on administrative leave pending further investigation after the arrest of Taherzadeh and Ali.

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Federal emergency savings proposals may also increase retirement funding

Nirunya Juntoomma | istock | Getty Images

It’s no secret that households with sufficient emergency savings are more the exception than the norm.

Two proposals in the Senate aim to change that. And, experts say, tackling the problem could lend itself to workers saving more for their golden years.

“One of the best ways to protect retirement savings is to help families more effectively weather short-term emergency savings needs,” said Angela Antonelli, executive director of Georgetown University’s Center for Retirement Initiatives.

Pandemic showed the need for savings

The Covid-19 pandemic shone a light on the many workers who were unprepared for the financial struggles that ensued from suddenly being without a job and income. While generous government aid aimed to keep families afloat as the economy righted itself, Americans now find themselves battling inflation and rising interest rates that are making both buying and borrowing more expensive.

The overall share of Americans who are either very comfortable (13%) or somewhat comfortable (29%) with their emergency savings dropped to 42% in June from 54% two years ago, according to a recent Bankrate report.

While some companies are offering emergency savings accounts to employees, the Senate proposals come with certain parameters and are both linked to 401(k) plans.

The proposals were approved in separate committees in late June as part of that chamber’s evolving version of the so-called Secure Act 2.0. The legislation would build on the original Secure Act of 2019 by making additional changes to the US retirement system in an effort to increase the ranks of savers and the amount they’re putting away for their post-working years.

The first proposal being considered would allow companies to automatically enroll their employees in emergency savings accounts, at 3% of pay, that could be accessed at least once a month. Workers would be able to save up to $2,500 in the account, and any excess contributions would automatically go to a linked 401(k) plan account at the company.

The other Senate proposal takes a different approach: It would let workers withdraw up to $1,000 from their 401(k) or individual retirement account to cover emergency expenses without having to pay the typical 10% tax penalty for early withdrawal if they are under age 59½ .

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However, a separate account would be the preferable of the two so that people would be less likely to make withdrawals from their 401(k), Antonelli said.

“It helps prevent leakage from retirement savings,” she said.

However, for workers who have access to a 401(k) or similar workplace plan but don’t participate, having emergency funds available could spur them to enroll in their company’s retirement plan, said Leigh Phillips, president and CEO of SaverLife, a nonprofit focused on helping households build savings.

“One of the big things that prevents people participating in long-term savings is a lack of short-term liquidity for emergencies,” Phillips said.

One of the big things that prevents people participating in long-term savings is a lack of short-term liquidity for emergencies.

leigh phillips

President and CEO of SaverLife

In traditional 401(k) plans, where contributions are made pre-tax, the penalty for withdrawing from an account comes with a 10% tax penalty if the person is under age 59½ (unless they meet an exception allowed by the plan).

“Having money locked away that you can’t touch is alarming to some people,” Phillips said.

That concern is addressed in state-facilitated retirement programs, which generally auto-enroll workers — those without access to a workplace plan — into Roth IRAs (individuals can opt out of enrollment if they want).

Why Roth accounts can give peace of mind

Roth accounts come with no upfront tax break for contributions as traditional IRAs do, but you generally can reclaim your contributions at any time without an early-withdrawal penalty.

The Roth structure “offers greater flexibility and more conditions that allow someone to tap those savings if they need to,” Antonelli said.

Altogether, 46 states have either implemented or considered legislation since 2012 to create retirement savings initiatives to reach workers without a plan at work. More than $476 million is collectively invested through these plans, according to Antonelli’s organization.

Although there are some minor differences among the state-run programs, the general idea is that employees are automatically enrolled in a Roth IRA through a payroll deduction (starting around 3% or 5%) unless they opt out.

It’s uncertain if either of the Senate’s emergency-savings proposals would make it into that chamber’s final version of the Secure Act 2.0, or whether an approved provision would look exactly like what’s been proposed.

The House passed its version of the Secure Act 2.0 in March. It’s uncertain when the Senate may revisit its rendition. Assuming senators give their approval, differences between their legislation and the House bill would need to be worked out before a final version could be fully approved by Congress.

If it doesn’t happen this year, the legislative process would start over in a future Congress.

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Manchin touts inflation reduction bill, says ‘I’m not getting involved’ in upcoming elections

Sen. Joe Manchin in the US Capitol on Tuesday, June 14, 2022. Sen. Joe Manchin, DW.Va., and his staff told Democratic leadership on Thursday that he’s not willing to support better climate and tax provisions in a sweeping Biden agenda bill, according to a Democrat briefed on the conversations.

Tom-Williams | Cq-roll Call, Inc. | Getty Images

Senator Joe Manchin, DW.V., made the morning talk show rounds on Sunday to talk about the Inflation Reduction Act of 2022, a revival of President Joe Biden’s Build Back Better economic bill that collapsed earlier this year.

The inflation bill, which Democrats are attempting to pass through reconciliation, aims to reform the tax code, cut health-care costs and fight climate change. It will invest more than $400 billion over a decade by closing tax loopholes, mostly on the largest and richest American corporations. It would also reduce the deficit by $300 billion in the same decade-long timeframe.

“This is all about fighting inflation,” Manchin told Jonathan Karl on Sunday’s “This Week” on ABC.

Manchin insisted that the bill isn’t a spending bill, but instead is focusing on investing money.

“We’ve taken $3.5 trillion of spending down to $400 billion of investing without raising any taxes whatsoever, we closed some loopholes, didn’t raise any taxes,” he added.

He further explained the closing of tax loopholes, which will raise taxes on certain American companies. Any tax increase could jeopardize full Democratic support of the legislation, which it needs to pass through reconciliation – Senator Kyrsten Sinema, DA.Z., may not support this provision.

“The only thing we have done is basically say that every corporation of a billion dollars of value or greater in America should pay at least 15% of minimum corporate tax,” he said on NBC’s “Meet the Press.”

“That’s not a tax increase it’s closing a loophole,” he said.

Manchin also noted that a deal between Senate Majority Leader Chuck Schumer, D-NY, and he was struck in private to avoid drama.

“We’ve been negotiating off and on very quietly because I didn’t know if it would ever come to fruition,” he said. “I didn’t want to go through the drama that eight months ago we went through for so long.”

Manchin added that he’s struck an agreement with Democratic leaders to support the bill in exchange for taking on permitting reform later.

“If I don’t fulfill my commitment promise that I will vote and support this bill with all my heart, there are consequences, and there are consequences on both sides,” he said on “Meet the Press.”

Manchin also noted that the bill will especially target energy prices in the US by upping production and using clean energy effectively.

“Inflation is the greatest challenge we have in our country right now,” he said on CNN’s “State of the Union.” “If you want to get gasoline prices down, produce more and produce it in America.”

manchin dodges election talk

During his Sunday interviews, Manchin repeatedly evaded answering questions about who he supports in upcoming elections – the 2022 midterms and the 2024 presidential election.

“I’m not getting involved in any election right now,” he said on “State of the Union.”

He reiterated that he would work with anyone that voters elect and specifically wouldn’t answer if he wants Democrats to keep control of Congress come November.

“Whatever the voters choose,” he said on “Meet the Press.” “Whoever you send me that’s your representative and I respect them.”

When specifically asked if he’d support Biden in reelection, he focused on Biden’s current presidency.

“Whoever is my president, that’s my president, and Joe Biden is my president right now,” he said on “This Week.”

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