Tag: Corruption

SAN FRANCISCO – Fallen US biotech star Elizabeth Holmes must begin serving prison time after a judge denied her latest request to remain free while appealing her fraud conviction. Holmes was sentenced to just over 11 years in prison for defrauding investors with her Silicon Valley start-up Theranos. She was scheduled to begin serving prison time on April 27, but…

  EU member countries are preparing to help their companies to exit Russia, amid a growing risk they will be taxed to fund Russian president Vladimir Putin’s war. Source: This is stated in the proposals for the 11th package of sanctions against the Russian Federation, referenced by EUobserver, as reported by European Pravda Details: The proposals include new special permits…

Canada must become the “best of friends” with South Korea, Prime Minister Justin Trudeau told lawmakers in Seoul on Wednesday, as the two countries seek to counter China’s growing regional influence. Trudeau is on his first official visit to South Korea, where he will meet President Yoon Suk Yeol. “I’m here to tell you that it’s no longer enough to…

  NEW ORLEANS (AP) — Legal arguments over women’s access to a drug used in the most common method of abortion move to a federal appeals court in New Orleans on Wednesday, in a case challenging a Food and Drug Administration decision made more than two decades ago. The closely watched case is likely to wind up at the Supreme…

The number of people in the UK not working because of long-term sickness has risen to a record high partly because of ongoing health problems related to the coronavirus pandemic, official figures showed Tuesday. The Office for National Statistics found that 2.55 million people were not able to work in the three months to March, which is over 6% of…

The world’s largest crypto exchange, Binance, said last week that it would stop servicing Canadian customers due to “new guidance related to stablecoins and investor limits provided to crypto exchanges.” But while the exchange said it will return to the country “someday,” its exit leaves behind a huge gap that its competitors are aiming to fill. Coinbase is one of…

The charges describe schemes to steal computer programming or sensitive materials that could benefit militaries of hostile foreign countries. The alleged recipients of the technology were Russia, China and Iran, according to charging documents. WASHINGTON – A Greek national allegedly buying technology for the Russian military and intelligence services. A Chinese citizen allegedly stealing thousands of documents from Apple related…

Apple’s App Store team prevented more than $2 billion in transactions tagged as potentially fraudulent and blocked almost 1.7 million app submissions for privacy, security, and content policy violations in 2022. As part of its ongoing efforts to fend off account fraud, the company also terminated 428,000 developer accounts for potentially fraudulent activity, deactivated 282 million fraudulent customer accounts, and blocked…

WASHINGTON (AP) — The Justice Department announced a series of criminal cases Tuesday tracing the illegal flow of sensitive technology, including Apple’s software code for self-driving cars and materials used for missiles, to foreign adversaries like Russia, China and Iran. Some of the alleged theft highlighted by the department dates back several years, but U.S. officials are drawing attention to…

  WASHINGTON – The US Justice Department said on Tuesday it has charged a former Apple Inc engineer with attempting to steal the firm’s technology related to autonomous systems, including self-driving cars, and then fleeing to China. The case was among five announced on Tuesday aimed at countering efforts to illicitly acquire American technology by nations including Russia and China….

A humanitarian aid worker who used an anonymous Twitter account to mock Saudi Arabia about its economy has filed a federal racketeering lawsuit against the social media platform, the kingdom and a number of individuals alleging an attempt to silence critics overseas. Abdulrahman al-Sadhan, was working for the Red Crescent in Riyadh in 2018 when plain-clothed security forces entered the…

On March 1, 2023, the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) demonstrated continued interest in investigating insider trading by company executives who possess material non-public information when they unsealed an indictment and filed a civil complaint, respectively, in the Central District of California. Though a Rule 10b5-1 plan—an investment device…… Continue Reading
The post Rule 10b5-1 Application and Enforcement appeared first on Global Investigations & Compliance Review.

  One of the largest pharmacy service providers in the United States has confirmed that hackers accessed the personal data of almost six million patients. PharMerica operates over 2,500 facilities across the U.S. and offers more than 3,100 pharmacy and healthcare programs. In a data breach notification filed with Maine’s attorney general, PharMerica said it learned of suspicious activity on…

SAN FRANCISCO – Wells Fargo & Co agreed to pay US$1 billion (S$1.3 billion) to settle a shareholder lawsuit that accused it of making misleading statements about its compliance with United States consent orders, following the 2016 scandal involving the opening of unauthorised customer accounts. The settlement is one of the top six largest securities class-action settlements of the past…

The platform’s Global Government Affairs account issued a statement on Monday outlining its recent decisions in light of the Turkish court orders, saying it was forced to take action against four accounts and 409 individual tweets.  “We received what we believed to be a final threat to throttle the service – after several such warnings,” it said, adding that it deleted the accounts and posts “in order to keep Twitter available over the election weekend.”

WASHINGTON – The FBI lacked “actual evidence” to investigate Donald Trump’s 2016 presidential campaign and relied too heavily on tips provided by Trump’s political opponents to fuel the probe, US Special Counsel John Durham concluded in a report released on Monday.

The report marks the end of a four-year probe launched in May 2019 when then-Attorney General William Barr appointed Durham, a veteran prosecutor, to probe potential missteps by the FBI when it launched its early stage “Crossfire Hurricane” inquiry into potential contacts between Donald Trump’s 2016 presidential campaign and Russia.

That Crossfire Hurricane investigation would later be handed over to Special Counsel Robert Mueller, who in March 2019 concluded there was no evidence of a criminal conspiracy between Trump’s 2016 campaign and Russia.

In his new 306-page report, Durham concluded that US intelligence and law enforcement did not possess any “actual evidence” of collusion between Trump’s campaign and Russia prior to launching Crossfire Hurricane.

He also accused the bureau of treating the 2016 Trump probe differently from other politically sensitive investigations, including several involving Trump’s Democratic rival Hillary Clinton.