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Appeals court reinstates conviction against Michael Flynn's former business partner

A federal appeals court moved on Thursday to reinstate a guilty verdict against the former business partner of ex-national security adviser Michael Flynn, the AP reports.

Why it matters: The case against Bijan Rafiekan, who also served as a member of the Trump transition team, was one of 11 cases transferred by special counsel Robert Mueller to other jurisdictions as he compiled a report on Russian interference in the 2016 election and potential ties to Trump. He again faces the conviction of acting as an unregistered foreign agent for the Turkish government.


Catch up quick: Rafiekan was found guilty in July 2019 of acting as an unregistered foreign agent for the Turkish government and lying about it to the Justice Department.

  • Thursday's decision said that U.S. District Court Judge Anthony Trenga "erred" by tossing out the guilty verdict against Rafiekan last year, and by "concluding that his own rulings may have led jurors to base their decision on emails he admitted at the trial only for a limited purpose," Politico reports.
  • Flynn, Trump's former national security adviser who pleaded guilty in the Mueller investigation to lying to FBI agents about his conversations with a former Russian ambassador, was not charged in the case against Rafiekan.

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Venture capitalists invested a record $288 billion in the first half of 2021

Venture capitalists invested $288 billion in the first half of 2021, an all-time record, per Crunchbase.

By the numbers: Venture capitalists invested $140 billion into U.S.-based startups in the first half of 2021, anall-time record, per Ernst & Young. At that pace, the 2020 total should be surpassed in a matter of days.

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