File photo of sea bass. (Photo: AP Photo/Steven Senne, File)
A commercial fisherman accused of conspiring with others to sell 200,000 pounds (90,000 kilos) of fish in excess of legal quotas has been convicted in federal court in New York.
Christopher Winkler, 63, of Montauk, was convicted Wednesday in Central Islip of one count of criminal conspiracy, two counts of mail fraud and two counts of obstruction of justice. Winkler, the captain of a fishing trawler called the New Age, was accused of falsifying records to sell illegal fluke and black sea bass worth nearly $900,000 between 2014 and 2017.
“Fluke and black sea bass play a vital part in our marine ecosystem and quotas are designed to prevent overfishing and stabilize populations for the public good,” Assistant Attorney General Todd Kim said in a news release. “We will continue to seek justice against those who flout laws that protect fisheries and the fishing industry.”
Winkler's attorneys Richard Levitt and Peter Smith said the case was based on outdated limits on fluke, also known as summer flounder.
“There is nothing at all rational about this system, but Mr. Winkler and other Long Island fishermen are easy scapegoats for this regulatory insanity,” the lawyers said in a statement.
The New York Times reported that Levitt told jurors that Winkler was a “working stiff” who had been wronged by the government in a misguided prosecution. Levitt also pointed to rules that force fishermen to throw over-quota fish back into the water even if most die.
Prosecutors said Winkler supplied over-the-limit fish to dealers, including Gosman’s fish dock in Montauk and two others that operated out of the New Fulton Fish Market in the Bronx.
Two members of the Gosman family, cousins Asa and Bryan Gosman, pleaded guilty in 2021 to a single count of mail fraud and cooperated in the government’s investigation.
Newsday reported that Winkler's attorneys sought to paint the prosecution's witnesses as untrustworthy, noting that many, including the Gosmans, admitted to drug and alcohol use.
Prosecutor Christopher Hale said during his summation that some of the witnesses were “scoundrels” but added, “We take the witnesses as they come. It’s not a beauty pageant.”
Levitt vowed to appeal the verdict. Winkler remains free on bail and no date has been set for his sentencing.
As Meta and Microsoft ramp up their AR and VR tech futures, analysts have been waiting on word from Apple, but the consumer tech giant is reportedly delaying such an announcement. Doug Astrop, a managing partner at Exponential Investment Partners, joined Cheddar to dive into the rumors about the possibilities of a foray into the metaverse by Tim Cook's megacorp sometime in 2022 or 2023. "We can't really predict with a great deal of certainty how it's going to play out, but I'm confident Apple's going to be a big player and do very well in any scenario that unfolds," said Astrop.
Monster Beverage is charging into the beer and hard seltzer biz with its $330 acquisition of CANarchy Craft Brewery Collective. The energy drink finalized the deal a week after Constellation Brands Inc. made a deal with Coca-Cola to acquire the Fresca brand.
Ford has seen a record 52-week high for its valuation, hitting more than $100 billion for the first time. The rise in its stocks comes amid its push for more electric vehicles, including the highly anticipated F-150 Lightning pickup, coming this spring.
Specializing in AI, robotics, and automation for the global supply chain, Symbotic announced last month it will be tapping the public markets in a SPAC deal with investment giant SoftBank. Symbotic CFO Tom Ernst and Vikas Parekh, a managing partner at SoftBank Investment Advisers spoke with Cheddar about going public and the future of modernizing logistics amid the constrained supply networks. "The supply chain is fundamentally broken," said Ernst. "By employing the best in modern technology for autonomous vehicles and artificial intelligence, we're able to fundamentally rethink the way in which you receive and store and sort goods, making for a dramatically more efficient supply chain."
JP Morgan Chase beat Q4 earnings estimates, largely attributed to credit card borrowers and corporations. Meanwhile, Wells Fargo also reported strong quarterly earnings and saw a 15 percent growth in its shares for the year.
Taiwan Semiconductor Manufacturing Company (TSMC), the largest supplier of semiconductors, doubled its Q4 revenue forecast and announced a $44 billion investment for expanded chip manufacturing in 2022. Caleb Silver, Editor in Chief at Investopedia, joined Cheddar to discuss the future for the global tech giant. "It has the money. It has the equity. It has the dominance over the market, so not a surprise at all, and it's taking charge as we head into this sort of next phase of advanced chipmaking," Silver said.
Grocery stores are restricting hours and services due to omicron-related labor and supply chain issues. This also comes at a time of labor unrest for supermarket giant Kroger as more than 8,000 workers at its King Soopers chain in Colorado have gone on strike.
Michael Hershfield, Founder & CEO of Accrue Savings, joined Wake Up With Cheddar to discuss the company's new round of funding, and its core mission of rewarding consumers for saving rather than taking on more debt with buy now, pay later options.
Ellen Davis, Executive VP of Industry Engagement at the Consumer Brands Association, joined Wake Up With Cheddar to break down what consumers need to know about how the pandemic and supply chain constraints are affecting the availability of everyday items.
Michele Schneider, Partner and Director of Trading Research & Education for MarketGauge, discusses the major headwinds facing the markets and highlight which areas within tech are seeing the most growth.
