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Winkler's attorneys Richard Levitt and Peter Smith said the case was based on outdated limits on fluke, also known as summer flounder.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.
Philip Palumbo, Founder, CEO & Chief Investment Officer of Palumbo Wealth Management, discusses why wage pressure could impact earnings going forward and talks about the valuation mismatch within the tech sector.
Adam Coons, Portfolio Manager at Winthrop Capital Management, explains why supply chain constraints are the biggest risk to markets and which sectors are poised to outperform if interest rates rise.
Macy's reported a Q3 earnings beat and raked in $5.4 billion in revenue. The department store giant also said it is equipped to handle the expected holiday shopping rush. The company also announced it would be launching its own curated digital marketplace in 2022.
Zumba Fitness CEO Alberto Perlman joined Cheddar's "Between Bells" to talk about the rise in demand for in-person training after the company saw a 55 percent jump in scheduled classes over Q3. Perlman noted that while demand for in-person training is increasing, the pandemic exposed a market for at-home sessions that will likely persist even after it ends. "The world is becoming hybrid, and people are finding ways to fit in two workouts a week at home and then three workouts at the gym. And our instructors are perfectly positioned to adapt to those environments," he said.
Sting is the latest recording artist looking to unload his music catalog — for a staggering $250 million. Universal Music Group is said to be at the top of the list of suitors but the pop star's hits could still end up remaining with Sony.
Greenwood, a digital banking platform aimed at supporting Black and Latino businesses and clients, is launching its very own GreenBook. Named after the historic publication for Black travelers during the era of Jim Crow, the online guide will provide a directory of Black- and Latino-owned businesses across the country. Ryan Glover, the founder and chairman of Greenwood, joined Cheddar to provide additional details about the listings.
Apple is reversing course on its in-house repair policy amid the ongoing pressure from right-to-repair advocates and will roll out a self-service option allowing customers to repair and replace some parts on some iPhones themselves.
Greg Martin, the co-founder of Rainmaker Securities, joined Cheddar to talk about fast-casual restaurant chain Sweetgreen's IPO launch on the New York Stock Exchange. Martin said he is not confident the market will react positively to the launch and expects volatility ahead because "when you look at their metrics, they're good but not great." He also noted that it might take investors a while to figure out exactly what the brand is as it balances between being a traditional restaurant and a tech-enabled food platform.
The major indexes closed lower Wednesday even as major retailers reported better-than-expected quarterly earnings. Melissa Brown, Managing Director of Applied Research at Contigo, joined Cheddar News' Closing Bell to discuss today's market close.
President Biden's infrastructure plan will be pumping billions of dollars into the EV sector. David Shepardson, Correspondent at Thomson Reuters, joined Cheddar News' Closing Bell to break down all of the details.