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USOC seeks to revoke USA Gymnastics status as governing body

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The United States Olympic Committee (USOC) said on Monday it has taken steps to revoke USA Gymnastics’ status as the national governing body for the sport.

The USOC said the challenges facing the governing body, which is trying to recover from a scandal over the sexual abuse of hundreds of female athletes by one of its team doctors, are more than it is capable of overcoming in its current form.

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“Seeking to revoke recognition is not a conclusion that we have come to easily,” USOC chief executive Sarah Hirshland said in a statement. “In the short-term, we have to work to ensure that USAG gymnasts have the support necessary to excel on and off the field of play.”

In an open letter to the gymnastics community, Hirshland said “you deserve better” and that the USOC even offered USA Gymnastics the option of surrendering its recognition voluntarily.

Hirshland also said in the letter a review panel will be identified, a hearing will be held, a report will be issued and a recommendation will be made. Then the USOC board will vote to continue to recognize USAG, or to revoke that status.

Seeking a revocation does not guarantee a particular outcome.

Ex-USA Gymnastics doctor Larry Nassar was sentenced in February to up to 125 years in prison after some 200 women, including Olympians, testified about decades of abuse at his hands.

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USA Gymnastics could not immediately be reached for comment.

Reporting by Frank Pingue in Toronto, ediitng by Pritha Sarkar

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Demand grows for Pete Buttigieg to come clean about his time at ‘corporate greed machine’ McKinsey

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"The political risk is not that his former employer, a multibillion-dollar corporate entity that promotes fraud across the globe, will be mad at him. It's what he would have to disclose."

Days after reports surfaced about the global consulting firm McKinsey's work advising the Trump administration on immigration policy, calls are growing louder for South Bend, Indiana mayor and 2020 presidential candidate Pete Buttigieg to disclose details about the work he did for the company.

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Deutsche Bank busted in money-laundering scheme case

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Prosectors in Frankfurt have dropped their investigation into two Deutsche Bank employees who were accused of aiding tax evasion schemes in the Virgin Islands, due to "lack of suspicion." The institution has instead been fined for compliance lapses.

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North Carolina towns forced to cancel Christmas celebrations over fear of violence from right wing extremist groups

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Two North Carolina towns are canceling their annual Christmas celebration parades "amid fears of violence due to Confederate groups’ participation in the events," The Daily Beast reports.

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The Daily Beast cites "reports that Garner had plans to include a float sponsored by a chapter of the Sons of Confederate Veterans but said social-media posts led town officials to believe 'the event could be targeted for disruption.'"

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