Category: Investigations

In a letter addressed to Congress, Boeing has admitted the inability to locate records for maintenance performed on a door panel that malfunctioned during an Alaska Airlines flight over Oregon two months ago. “We have looked extensively and have not found any such documentation,” Ziad Ojakli, Boeing executive vice president and chief government lobbyist, wrote to Sen.Maria Cantwell on Friday. Alaska Airlines suspended operations of its entire Boeing 737-9 fleet on January 5, following an alarming incident where a window…

Department of Justice U.S. Attorney’s Office Office of Public Affairs FOR IMMEDIATE RELEASE Thursday, February 29, 2024  United States Also Reaches Settlement with Endo International in Bankruptcy Case Endo Health Solutions Inc. (EHSI), which is in bankruptcy, has agreed to resolve criminal and civil investigations related to the company’s sales and marketing of the opioid drug Opana ER with INTAC (Opana ER), the Justice Department announced today. The United States has also reached an agreement in Endo’s bankruptcy case to…

Barclays (BARC.L), opens new tab has agreed to sell about $1.1 billion of credit card debt in the United States to Blackstone. Banks globally have been making greater use of credit risk transfers to shed risk from loan portfolios, Reuters has reported, with investors sharing the risk of losses. (See Corporate home buyouts: homelessness, mortgage & rent crisis rising) Barclays’ investment bank acted as an advisor to Blackstone on the transaction. (Reuters)  Blackstone’s investment has been made through insurance accounts managed…

The Pentagon’s inspector general said its criminal investigators have opened more than 50 cases related to aid provided to Ukraine, including some involving contractors, but have yet to firm up any allegations. The investigations, which are at different stages, are looking at issues including “procurement fraud, product substitution, theft, fraud or corruption, and diversion,” the inspector general, Robert Storch, said in a briefing Thursday. “We have not substantiated any such allegations, though that may well change in the future,” he…

A leaked recording obtained by investigator and writer Sasha Latypova features an executive at the pharmaceutical company AstraZeneca stating the following: It wasn’t a surprise to me when I got a call on February 4th from the Defense Department here in the US saying that the newly discovered Sars-2 virus posed a national security threat. This is an astonishing, major-newspaper headline-worthy revelation. But here’s what was happening on February 4, 2020: Virus Activity in the US According to CNN, on…

A former CIA software engineer was sentenced to 40 years in prison on Thursday after his convictions for what the government described as the biggest theft of classified information in CIA history and for possession of child sexual abuse images and videos. The bulk of the sentence imposed on Joshua Schulte, 35, in Manhattan federal court came for an embarrassing public release of a trove of CIA secrets by WikiLeaks in 2017. He has been jailed since 2018. “We will…

Two Army Cyber Command officials worked to get an employee fired following his reporting of misconduct and subsequent participation in investigations, the Pentagon’s inspector general found in a report published Wednesday. The IG recommends that the employee be reinstated to his job with backpay, while the Defense Department officials involved “receive appropriate action.” For one of them, that means just a note in his personnel file, as he retired before the investigation began. “It is important to encourage personnel, at…

Morgan Stanley will pay $249 million to settle a criminal investigation, as well as a related Securities and Exchange Commission probe. The SEC said the bank generated more than $100 million in illicit profits as a result of misconduct by Pawan Passi, the bank’s former head of its US equity syndicate desk, and another employee.  Morgan Stanley has been under investigation by the SEC since 2019 over its handling of block trades (a business that the bank dominates), and the…

A mid-air blowout aboard a Boeing 737-9 MAX passenger plane has led to dozens of aircraft worldwide being grounded while engineers try to establish what went wrong. Six people aboard Alaska Airlines flight 1282 from Portland to California were injured after a window and chunk of fuselage blew out of the plane in mid-air shortly after takeoff on 5 January. Questions around the safety of the jets are swirling and various airlines have come out with statements saying what actions…

Canada, Britain, Sweden and Ukraine on Monday formally complained to the U.N. aviation council in their bid to hold Iran accountable for the downing of a Ukrainian passenger airliner in January 2020 that killed 176 people, they said on Monday. Most of the dead were citizens from the four nations, which created a coordination group that seeks to hold Iran to account. “Today we have jointly initiated dispute-settlement proceedings before the International Civil Aviation Organization against the Islamic Republic of…

Not for the first time, Boeing is again the subject of unwanted attention from regulators and customers over safety issues. The shocking scenes on Friday night, in which a Boeing 737 MAX 9 operated by Alaska Airlines suffered a mid-air blow-out, has again raised questions over the safety of the jet. Boeing shares fell by 8% in pre-market trading today while shares of Spirit AeroSystems, which made and installed the fuselage part on the jet, were down by as much…

Attorneys for the Securities and Exchange Commission apologized to a judge on Thursday for misrepresenting facts used to secure a restraining order and asset freeze against a crypto firm. In a filing submitted to the U.S. District Court of Utah, in response to the judge’s order to show cause for its misstep, the SEC attorneys wrote that the commission “deeply regrets these orders” and promised to conduct mandatory training for staff members involved in the investigation. “I fully appreciate the…

Negotiators are convening this week in Nairobi for the latest round of talks aimed at creating a new scientific panel to advise the world’s governments on how to tackle chemical waste. But as the talks get underway, concerns have been voiced about potential conflicts of interest that could undermine the panel. The warning comes as efforts to agree a global treaty on plastic pollution appear to have been delayed by vested interests. The UN wants its new panel on chemical…

There has been an unexpected validation of the title of Our Enemy, the Government (Brownstone, 2023). In a stunning indictment of the state of governance in the Australian state of Victoria, an unidentified senior bureaucrat classified citizens according to their compliance with the government’s Covid diktats. This is the state whose capital Melbourne suffered through the world’s longest lockdown (267 days!). Yet, according to the Australian Bureau of Statistics Victoria had the worst overall Covid mortality outcome between March 2020…

A former Ukrainian MP regarded by Kyiv as a traitor has been shot dead in a park in suburban Moscow, in an attack attributed to Ukraine’s SBU security service. Illia Kyva was a pro-Russian member of Ukraine’s parliament before Moscow’s invasion of Ukraine in February 2022, but fled to Russia a month before the start of the war and frequently criticised Ukrainian authorities online and on Russian state TV talkshows. Russian investigators said in a statement on Wednesday that Kyva…

HAGUE: A group of human rights organisations took the Dutch government to court on Monday, arguing its supply of parts for F-35 fighters contributes to violations of international law in Gaza. The case concerns US-owned F-35 parts stored at a warehouse in the Netherlands and then shipped to several partners, including Israel, via existing export agreements. Oxfam Novib, one of the groups filing suit, said the export “made the Netherlands complicit in violations of the laws of war and the…