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Winkler's attorneys Richard Levitt and Peter Smith said the case was based on outdated limits on fluke, also known as summer flounder.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.
The White House is earmarking $2.1 billion to help secure the nation's food supply, amid widespread shortages due to the pandemic, Russia's war in Ukraine, and rising inflation. The Biden administration's plans are expected to shore up food infrastructure and distribution while also aiding farmers. Bread for the World Senior International Policy Advisor Abiola Afolayan joined Cheddar News' Closing Bell to discuss.
Concerns about economic growth are weighing down sentiment on Wall Street, as investors also monitor the uncertain impact of the Federal Reserve's quantitative tightening - the process of reducing its $9 trillion balance sheet it built up over the course of the pandemic. The Fed's QT is meant to normalize monetary policy while bringing down inflation, something the White House calls a 'top economic priority.' As Americans cope with higher prices for everyday essentials, Treasury Secretary Janet Yellen admitted that she was wrong about inflation being 'transitory,' as extenuating factors have caused inflation from the pandemic to worsen. JPMorgan CEO Jamie Dimon also weighed in on inflation and the state of the economy, warning investors to brace for a so-called economic 'hurricane' due to impacts from inflation and Russia's war in Ukraine. The still-tight job market is putting pressure on the economy as well, as the latest JOLTS report shows job openings in the U.S. are down from record highs but remain high.
President Biden and Federal Reserve chair Jerome Powell meet at the White House today for the first time since Powell's renomination to the position. The President and the Fed Chair discussed the economy and historically high inflation, as new data shows inflation may be cooling slightly. Morning Consult economic analyst Jesse Wheeler joins Cheddar News' Closing Bell to discuss how the Biden administration at the U.S. central bank can work together to combat soaring prices for American consumers.
Gene Goldman, Chief Investment Officer at Cetera, joins Cheddar News' Closing Bell, where he breaks down the reasons behind Thursday's bounce-back performance on Wall Street. Goldman also provides a dose of investing advice, highlighting the sectors he's favoring right now.
David Scranton, CEO and Founder of Sound Income Strategies, joins Cheddar News' Closing Bell, where he provides his insight into why markets ended Wednesday's session lower and hones in on what he's looking for when it comes to the Fed combating inflation.
ADP's Chief Economist Nela Richardson joins Cheddar News' Closing Bell for a look at the job market in the United States. She breaks down the numbers behind her firm's latest findings and says her biggest concern lies in the continuing loss of jobs at small businesses, which shed 91,000 jobs during the month of May.
Tech-enabled residential hospitality company Mint House recently raised $35 million in a Series B round led by Mohari Hospitality. Mint House was described by one of its backers as 'the best of a hotel without the worst of a hotel, and the best of an Airbnb without the worst of an Airbnb.' Mint House offers apartment-style lodging across the country. The company claims its spaces combine the comfort of a home with the luxury of a hotel in order to give guests all of the perks and none of the tradeoffs. Will Lucas, Founder and CEO of Mint House, joins Cheddar News' Closing Bell to discuss.
As the broader tech sector faces continued headwinds, Microsoft in particular is slashing its fourth quarter outlook for another reason: the strength of the dollar. Why is it that a strong dollar is negatively impacting tech giants? And what should investors keep in mind? Tim Lesko, director and senior wealth advisor at Mariner Wealth Advisors, joins Closing Bell to discuss.