An Olympic gold medallist is facing charges for his role in last week's Capitol riot.
Klete Keller, a swimmer and former relay teammate of Michael Phelps, was charged with disorderly conduct, entering restricted grounds and obstructing law enforcement, court records show.
In videos online, Keller is seen standing in the Rotunda during last Wednesday’s riot, wearing a dark jacket with a US Olympics patch.
He took part in the 2000, 2004 and 2008 summer Olympics, winning five medals including two gold.
The charges were filed on Wednesday in the US District Court in Washington DC.
In recent days, US prosecutors have intensfied the investigation into last week's riot at the Capitol, with more than 170 people under scrutiny, several of whom may be charged with sedition and conspiracy.
The probe is one of the most expansive criminal investigations in the history of the Justice Department, with a wide number of agencies helping to build cases, including the FBI and the US Marshals.
All 56 FBI field offices are involved.
“The scope and scale of this investigation in these cases is really unprecedented,” Michael Sherwin, the acting US attorney for the District of Columbia, said on Tuesday.
“We are going to have, I believe, hundreds of criminal cases.”
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Retirement funds heavily invested in equities at a risky time
Pension funds in growing economies in Asia, Latin America and the Middle East have a sharply higher percentage of assets parked in stocks, just at a time when trade tensions threaten to derail markets.
Retirement money managers in 14 geographies now allocate 40 per cent of their assets to equities, an 8 percentage-point climb over the past five years, according to a Mercer survey released last week that canvassed government, corporate and mandatory pension funds with almost $5 trillion in assets under management. That compares with about 25 per cent for pension funds in Europe.
The escalating trade spat between the US and China has heightened fears that stocks are ripe for a downturn. With tensions mounting and outcomes driven more by politics than economics, the S&P 500 Index will be on course for a “full-scale bear market” without Federal Reserve interest-rate cuts, Citigroup’s global macro strategy team said earlier this week.
The increased allocation to equities by growth-market pension funds has come at the expense of fixed-income investments, which declined 11 percentage points over the five years, according to the survey.
Hong Kong funds have the highest exposure to equities at 66 per cent, although that’s been relatively stable over the period. Japan’s equity allocation jumped 13 percentage points while South Korea’s increased 8 percentage points.
The money managers are also directing a higher portion of their funds to assets outside of their home countries. On average, foreign stocks now account for 49 per cent of respondents’ equity investments, 4 percentage points higher than five years ago, while foreign fixed-income exposure climbed 7 percentage points to 23 per cent. Funds in Japan, South Korea, Malaysia and Taiwan are among those seeking greater diversification in stocks and fixed income.
• Bloomberg
