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Former U.S. Attorney General Eric Holder has said that he believes former President Donald Trump will likely face charges for his actions that led to the insurrection on the U.S. Capitol following his 2020 presidential election loss.

On Thursday, August 4, Holder appeared on SiriusXMs Urban View" where he weighed in on the investigation underway in Georgia. According to Holder, Trump's first string of charges could come from the investigative probe in Fulton County, Ga.

My eyes are on Fulton County first. Look at the Justice Department in 2023, Holder told the radio show.

READ MORE: 'The smoking gun': Legal experts reflect on the 'breathtaking criminality' exposed in latest J6 hearing

He also admitted he believes Trump will also face charges from the U.S. Department of Justice (DOJ). However, those charges will likely come shortly after the conclusion of the midterm elections.

My guess is that by the end of this process, youre going to see indictments involving high-level people in the White House, youre going to see indictments against people outside the White House who were advising them with regard to the attempt to steal the election, Holder said.

He continued, And I think ultimately youre probably going to see the president, former president of the United States indicted as well.

Holder's remarks come nearly one month after The Washington Post reported on the expansion of the DOJ's investigation. Speaking to NBC News' Lester Holt during a recent interview, U.S. Attorney General Merrick Garland also weighed in on the investigation and vowed that the justice department would pursue justice without fear or favor.

READ MORE: 'Be a little patient': Eric Holder says Merrick Garland will hold January 6th perpetrators accountable

We intend to hold everyone, anyone who was criminally responsible for events surrounding Jan. 6, for any attempt to interfere with the lawful transfer of power from one administration to another, accountable. Thats what we do. We dont pay any attention to other issues with respect to that, Garland said.

Rep. Liz Cheney (R-Wyo.) has also expressed interest in the department pursuing charges against Trump.

They have to make decisions about prosecution understanding what it means if the facts and the evidence are there, and they decide not to prosecute, how do we then call ourselves a nation of laws? I think thats a very serious, serious balancing, Cheney said.

READ MORE: Eric Trump thought violence was 'fair game' as his father pushed election lies: documentarian

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Eric Holder predicts how Donald Trump will be indicted

1. Eric Holder's Contempt Case Trends Amid Bannon Sentence 'Double Standards'  Newsweek
2. No, Steve Bannon's Contempt of Congress Isn't Comparable to Eric Holder's. Here's Why.  Law & Crime
3. Sean Hannity defends Steve Bannon, blames his prosecution on politicizing the FBI  Media Matters for America
4. Degrees of Contempt: Pundits Seek to Excuse the Lack of Prior Contempt Prosecutions in the Wake of the Bannon Sentencing  Jonathan Turley
5. Trump Ally Steve Bannon Sentenced to Four Months and Fined for Contempt of Congress  The New American
6. View Full Coverage on Google News

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Eric Holder's Contempt Case Trends Amid Bannon Sentence 'Double Standards' - Newsweek

Dive Brief:

The upcoming audit surfaces as Wells Fargo navigates several issues with a racial undercurrent. The bank in March came under fire after a Bloomberg analysisfound the bank accepted 72% of mortgage refinance applications from White borrowers in 2020 but 47% from Black applicants. Wells Fargos numbers improved marginally in 2021. Still, the issue and others prompted Sen. Sherrod Brown, D-OH, to call on Scharf ro fix Wells shortcomings once and for all.

Additionally,about a dozen current and former Wells Fargo employees told The New York Times in May that the bank held phony job interviews for nonwhite and female job-seekers for positions that had already been offered to other candidates. The effort was allegedly meant to satisfy the banks diverse slate policy, which mandates that at least half of candidates interviewed for certain positions be of a diverse background. The bank paused that policy in June to review it, and instituted changes in August.

Scharf himself landed in hot water in 2020, after characterizing the pool of potential Black candidates as very limited. Wells Fargo that year pledged to double Black leadership by 2025 and tie operating committee members diversity efforts to their pay.About 9% of the banks U.S. executives are Black as of December 2021, up from 5.8% a year earlier, the bank said in a Tuesday press release.

Wells Fargo is hardly the first bank to agree to a racial-equity audit. Among Wells peers, Citipledged to do so last October, and JPMorgan Chase followed in March.

The notion hasnt always been popular. Wells Fargo this year and last advised its shareholders against voting for such an audit, Bloomberg reported.

The banks announcement comes, too, as Scharf prepares to testify next week in front of the House Financial Services Committee in a hearing on accountability. A similar hearing with the Senate Banking Committee has yet to be scheduled.

Covington & Burling, which counts former U.S.Attorney General Eric Holder in its leadership, has previously conducted racial audits for companies in trouble. The law firm helmed Starbucks racial equity audit in 2019, not long after two Black men were accused of trespassing and were arrested in a Philadelphia store despite explaining that they were there for a business meeting.

The incident went viral and Starbucks, which had tried and failed to strike up a conversation on race relations after Michael Brown was killed in Ferguson, Missouri, in 2015, was forced to face allegations of racial discrimination in its stores head on.

Starbucks made several changesfollowing Covington & Burlings audit, including expanded training and opening more stores in underserved communities.

In its press release Tuesday, Wells Fargo listed several initiatives it has launched to boost racial equity. Its invested $50 million in 13 Black-owned banks and roughly $420 million in 200 community development financial institutions and nonprofits that serve mostly nonwhite business owners; and has given $107 million in scholarships and programming to historically Black colleges and universities and minority-serving institutions, it said.

The bank last week awarded $7.5 millionto the Harris County Homeownership Collaborative in Houston, the first of eight grants in a larger homeownership effort.

Read more:
Wells Fargo agrees to third-party racial-equity audit - Banking Dive

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Peloton Interactive, Inc. (NASDAQ: PTON) today announced changes to its leadership team.

The company has accepted the resignations of John Foley as Executive Chair and Hisao Kushi as Chief Legal Officer, effective September 12, 2022 and October 3, 2022, respectively.

John Foley co-founded Peloton in 2012 and is credited with leveraging his tech and business experience to build the company into the largest interactive fitness platform in the world. Having previously been the company's CEO for 10 years, he became Executive Chair in February 2022. He is largely viewed as the pioneer who was the driving, creative force behind today's global connected fitness industry.

The Board has appointed Karen Boone as Peloton's Chairperson of the Board. Boone was first elected to Peloton's Board as Audit Committee Chair in 2019 and subsequently named Lead Independent Director in October 2021. She previously served as President, Chief Financial and Administrative Officer of Restoration Hardware (RH). During her tenure at RH, Boone led the company through tremendous growth, the transition to its current membership model, as well as through several key financial milestones and transactions.

Hisao Kushi was a co-founder of Peloton and played a key role in the company's growth and global scale. He has served as the company's Chief Legal Officer since 2015. Over the course of his tenure, Kushi guided the execution of the company's M&A activities, crafted the novel music license deals which are the backbone of the Member experience, and protected emerging IP that ultimately shapes today's connected fitness industry.

Tammy Albarrn will replace Kushi as Chief Legal Officer and Corporate Secretary for Peloton, effective October 3, 2022. In her new role, Albarrn will manage the Legal, Compliance, and Policy functions. Albarrn is one of the technology industry's most well-regarded legal executives and brings a wealth of experience to the job, having served most recently as Chief Deputy General Counsel and Deputy Corporate Secretary at Uber Technologies, Inc. During her time at Uber, Albarrn oversaw Uber's global legal teams and was a driving force behind the company's cultural transformation. Albarrn was also a key champion of the company's diversity, equity, and inclusion efforts. Prior to Uber, Albarrn was a securities litigation and investigations Partner at Covington & Burling LLP, working alongside former Attorney General Eric Holder. Together, Albarrn and Holder co-authored the high-profile report that resulted in profound changes at Uber.

Peloton's incoming Chairperson of the Board, Karen Boone, said, "We are immensely grateful to John and Hisao for having the vision, ambition, and commitment to turn Peloton into the iconic consumer brand it is today. Not only did they succeed in building a great company, they transformed an entire industry by leveraging fitness and technology. Their impact will resonate long after their departure."

Peloton co-founder and former Executive Chair John Foley said, "As I reflect on the journey Peloton has been on since we founded it, I am so proud of what we have built together. From day one, the incredible talent we've had on our team and the dedication, hard work, and creativity of every Peloton employee are what got us to where we are today. We founded the company because we wanted to make fitness and wellness convenient, fun, and effective. Because of the work of thousands of people, we've done that.

Now it is time for me to start a new professional chapter. I have passion for building companies and creating great teams, and I am excited to do that again in a new space. I am leaving the company in good hands: The Leadership Team with the support of the Board is going to take Peloton to the next level as a company, and I am happy to know our Members are going to continue to be surprised, delighted, engaged, and excited about everything that is in store (looking at you, rower!).

Goodbyes are never easy, but I don't view this as goodbye. I will always be a Peloton Member and a passionate advocate for our mission. So until we meet again, stay safe and strong. And I'll see you on the leaderboard."

Peloton CEO Barry McCarthy said, "I would like to offer my gratitude to John and Hisao for their shared vision, dedication, and passion for Peloton. Through their hard work, they have given the world the connected fitness industry and created a platform that empowers each of us to be the best version of ourselves. We are indebted to them for their countless contributions."

McCarthy continued, "I would also like to congratulate Karen and Tammy, and I'm confident both will leverage their unique experiences to help move the company forward into our next chapter of growth."

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Peloton (PTON) has accepted the resignations of John Foley as Executive Chair - StreetInsider.com

The stock price of Peloton (PTON) fell by over 4% today.

Why: Peloton announced changes to its leadership team. The company accepted the resignations of John Foley as Executive Chair and Hisao Kushi as Chief Legal Officer, effective September 12, 2022and October 3, 2022, respectively.

Foley co-founded Peloton in 2012 and is credited with leveraging his tech and business experience to build the company into the largest interactive fitness platform in the world. And having previously been the companys CEO for 10 years, he became Executive Chair in February 2022. He is largely viewed as the pioneer who was the driving, creative force behind todays global connected fitness industry.

The Board appointed Karen Boone as Pelotons Chairperson of the Board. And Boone was first elected to Pelotons Board as Audit Committee Chair in 2019 and subsequently named Lead Independent Director in October 2021. She had previously served as President, Chief Financial and Administrative Officer of Restoration Hardware (RH). During her tenure at RH, Boone led the company through tremendous growth, the transition to its current membership model, as well as through several key financial milestones and transactions.

Hisao Kushi was a co-founder of Peloton and played a key role in the companys growth and global scale. And he has served as the companys Chief Legal Officer since 2015. Over the course of his tenure, Kushi had guided the execution of the companys M&A activities, crafted the novel music license deals which are the backbone of the Member experience, and protected emerging IP that ultimately shapes todays connected fitness industry.

Tammy Albarrn is going to replace Kushi as Chief Legal Officer and Corporate Secretary for Peloton, effective October 3, 2022. And in the new role, Albarrn will manage the Legal, Compliance, and Policy functions. Albarrn is one of the technology industrys most well-regarded legal executives and brings a wealth of experience to the job, having served most recently as Chief Deputy General Counsel and Deputy Corporate Secretary at Uber Technologies. During her time at Uber, Albarrn oversaw Ubers global legal teams and was a driving force behind the companys cultural transformation. Albarrn was also a key champion of the companys diversity, equity, and inclusion efforts. Before Uber, Albarrn was a securities litigation and investigations Partner at Covington & Burling LLP, working alongside former Attorney General Eric Holder. Together, Albarrn and Holder co-authored the high-profile report that resulted in profound changes at Uber.

KEY QUOTES:

We are immensely grateful to John and Hisao for having the vision, ambition, and commitment to turn Peloton into the iconic consumer brand it is today. Not only did they succeed in building a great company, they transformed an entire industry by leveraging fitness and technology. Their impact will resonate long after their departure.

Pelotons incoming Chairperson of the Board Karen Boone

As I reflect on the journey Peloton has been on since we founded it, I am so proud of what we have built together. From day one, the incredible talent weve had on our team and the dedication, hard work, and creativity of every Peloton employee are what got us to where we are today. We founded the company because we wanted to make fitness and wellness convenient, fun, and effective. Because of the work of thousands of people, weve done that.

Peloton co-founder and former Executive Chair John Foley

I would like to offer my gratitude to John and Hisao for their shared vision, dedication, and passion for Peloton. Through their hard work, they have given the world the connected fitness industry and created a platform that empowers each of us to be the best version of ourselves. We are indebted to them for their countless contributions.

Peloton CEO Barry McCarthy

Read more:
Peloton (PTON) Stock: Why It Fell Over 4% Today - Pulse 2.0