WILLIAMSVILLE TEEN INDICTED ON HATE CRIME CHARGE, CO-DEFENDANT CHARGED WITH ARSON

Erie County District Attorney John J. Flynn announces that 19-year-old Christian R. McCaffrey of Williamsville has been arraigned before Judge Suzanne Maxwell Barnes on an indictment charging him with one count of Aggravated Harassment in the Second Degree as a Hate Crime, a Class “E” felony, and three counts of Aggravated Harassment in the Second Degree, Class “A” misdemeanors.

It is alleged that over the course of several months, between August 16, 2019 and December 21, 2019, the defendant intentionally harassed the victim through phone calls and text messages. One incident of harassment allegedly involved the use of a derogatory slur against the victim who is Jewish.

If convicted on all counts, McCaffrey faces a maximum of 4 years in prison.

A co-defendant, 27-year-old Dino A. Bruscia of Buffalo, was also arraigned before Judge Suzanne Maxwell Barnes on an indictment charging him with one count of Arson in the Third Degree, a Class “C” felony.

It is alleged that on December 22, 2019, at approximately 5:00 a.m. the defendant intended to set fire to a home on Arcadian Drive in the Town of Amherst by using a flare gun. The fire caused damage to the dining room of the house, which is the residence of the victim allegedly harassed by McCaffrey.

If convicted, Bruscia faces a maximum of 15 years in jail.

McCaffrey and Bruscia are scheduled to return on Monday, August 24, 2020 at 10:00 a.m. for a pre-trial conference. Both were released on their own recognizance because the charges are non-qualifying for bail.

Judge Maxwell Barnes issued a no-contact order of protection on behalf of the victim and his family.

DA Flynn commends the Amherst Police Department for their work in the investigation. DA Flynn also recognizes Confidential Criminal Investigators Kevin Brinkworth, Mike Nigrelli, Joe Catanzaro and Bobby Yeates for their work in the investigation.

The case is being prosecuted by Assistant District Attorney Ryan D. Haggerty of the DA’s Tactical Prosecution Unit and Assistant District Attorney Rachel Kranitz McPhee of the DA’s Felony Trials Bureau.

As are all persons accused of a crime, the defendant is presumed innocent until proven guilty in a court of law.

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Trump Media scrambles to stop short sellers from tanking share prices



Trump Media and Technology Group, the parent company of Truth Social, is scrambling to stop short sellers from tanking its share values.

NBC News reports that Trump Media this week sent around suggestions to shareholders to prevent their shares in the company from winding up in the hands of short sellers who are essentially betting on the company's failure to make money.

According to NBC, the "tips include holding DJT shares in a cash account at a brokerage firm as opposed to a margin account, 'opting out of any securities lending program,' moving Trump Media shares to the company’s designated transfer agent, and transferring shares to a bank and 'holding them in your retirement account.'"

Short sellers essentially pay brokerage firms fees to borrow shares on a temporary basis on the belief that the shares will sink in price.

READ MORE: From 'really rich' to begging: Inside Trump's U-turn on one of his first campaign lies

After borrowing the shares, the short sellers proceed to sell them on the open market and then by them back by a specific date when they have to be returned to their owners.

If the share price in that time has indeed gone down, then the short sellers pocket the difference they made between the original sale and the repurchase.

If the share price increases, however, the short sellers lose money because they'll be buying back the shares at a higher price than the original sale.

Short sellers have swarmed to Trump Media shares for weeks now, as its price has plummeted from a high of $66.22 on March 27th to a low of $22.84 on Tuesday, although its price has recovered some of that lost value in the last day-and-a-half of trading.

The longer-term threat to Trump Media's value likely isn't short sellers, however, but simply a lack of profitability. The selloff in shares started earlier this month when the company released an earnings report showing that it lost $58 million in the last fiscal year while generating just $4 million in revenues.