Tag: Region US

Penguin Random House and 5 authors are suing a Florida school board over book bans

Penguin Random House, the largest publisher in the U.S., has sued a Florida county school board over its decisions to ban and restrict access to books. Joining the lawsuit are five authors, two parents of students and the advocacy group PEN America. A new federal lawsuit alleges that recent decisions by officials in a Florida county to ban and restrict access to books in school libraries violates constitutional rights to free speech and equal protection under the law. Over the…

Pentagon accounting error overvalued Ukraine weapons aid by US$3 billion: Sources

  WASHINGTON – The Pentagon overestimated the value of the ammunition, missiles and other equipment it sent to Ukraine by around US$3 billion (S$4.05 billion), a Senate aide and a defense official said on Thursday, an error that may lead the way for more weapons being sent to Kyiv for its defense against Russian forces. The error was the result of assigning a higher than warranted value on weaponry that was taken from US stocks and then shipped to Ukraine,…

US blocks European F-16 training for Ukrainian pilots – NYT

Without approval from Washington, the best that Ukrainian airmen can hope for are lessons on technical language and tactical training on the ground, the outlet said on Wednesday. Ukrainian President Vladimir Zelensky has been pressing his Western backers for fourth generation F-16 warplanes for months, arguing they are crucial for defending the country’s airspace amid a massive Russian missile campaign targeting military facilities and energy infrastructure. The Ukrainian leader appeared to achieve limited progress during a recent European tour, with…

Deutsche Bank to pay $75 million to Epstein victims

LONDON (AP) — Deutsche Bank has agreed to pay $75 million to settle a lawsuit claiming that the German lender should have seen evidence of sex trafficking by Jeffrey Epstein when he was a client, according to lawyers for women who say they were abused by the late financier. A woman only identified as Jane Doe sued the bank in federal district court in New York and sought class-action status to represent other victims of Epstein. The lawsuit asserted that…

China accuses US of ‘weaponization’ of tech issues

The US is attacking Chinese companies and scientists as part of its efforts to foil the technological development of other countries, Chinese Foreign Ministry spokesman Wang Wenbin claimed on Wednesday.  During his regular press conference, Wang argued that the Disruptive Technology Strike Force set up by the US Justice Department (DOJ) in February was designed to “abuse export control regimes.”  “The US has politicized, instrumentalized and weaponized tech issues, and sought to thwart other countries’ technological advancement,” Wang said. The…

US seeks to manipulate Turkish elections: Ankara

Turkish Interior Minister Suleyman Soylu accused the US of using the western media to manipulate the outcome of the upcoming presidential and parliamentary elections in Turkiye. “The plan by the US intensifies actively. The reason of [the] Western media’s interference is the realization of the US’s plan,” Soylu told reporters. In the months leading up to the14 May elections, several US and European media outlets published stories describing President Recep Tayyip Erdogan as a “dictator and tyrant.” On 3 May,…

Reports: Defense News correspondent arrested in India

WASHINGTON —Indian authorities have arrested Vivek Raghuvanshi, a defense journalist and longtime correspondent for Defense News, and accused him of espionage, according to reports in the Indian press. Raghuvanshi’s arrest drew a condemnation from Sightline Media Group, the publisher of Defense News and Military Times. “We call for the immediate release of freelance reporter Vivek Raghuvanshi following his arrest in India,” said Mike Gruss, Sightline’s editor-in-chief. “Vivek has written about the Indian defense industry for Sightline publications for more than…

Pentagon seeks authority to transfer nuclear submarines to Australia

  WASHINGTON — The U.S. Department of Defense asked Congress to authorize the transfer of nuclear-powered submarines to Australia as part of the trilateral AUKUS agreement with the U.K. Three legislative proposals, submitted on May 2 and first posted online Tuesday, would greenlight the sale of two Virginia-class submarines to Australia, permit the training of Australian nationals for submarine work and allow Canberra to invest in the U.S. submarine industrial base. Rep. Joe Courtney of Connecticut, the top Democrat on…

Biden Cancels PNG, Australia Trips for Talks Over US Debt Ceiling

President Joe Biden canceled his trips to Papua New Guinea and Australia next week to continue debt ceiling talks with congressional leaders that he held Tuesday at the White House. White House press secretary Karine Jean-Pierre said in a statement that the president would to return to Washington on Sunday, following the Group of Seven summit in Hiroshima, Japan, “in order to be back for meetings with congressional leaders to ensure that Congress takes action by the deadline to avert…

US Announces Charges Related to Efforts by Russia, China, Iran to Steal Technology

U.S. law enforcement officials on Tuesday announced a series of criminal cases exposing efforts by Russia, China and Iran to steal sensitive U.S. technologies. The five cases, which spanned a wide range of protected U.S. technologies, were brought by a new “strike force” created earlier this year to deter foreign adversaries from obtaining advanced U.S. innovation. “These charges demonstrate the Justice Department’s commitment to preventing sensitive technology from falling into the hands of foreign adversaries, including Russia, China, and Iran,”…

Investigation into Biden family finances released

The roughly 30-page report detailed what lawmakers say are various companies and financial records tied to family members of Mr Biden, including his son, Hunter Biden, and daughter-in-law, Hallie Biden.

It contains records of bank transactions, obtained through subpoena, that Republican lawmakers say are linked to Romania and China.

The bank records show the receipt of money from a foreign company connected to Gabriel Popoviciu, who was prosecuted for corruption in Romania, reports the New York Times.

“We believe that the president has been involved in this from the very beginning. Obviously, we’re going to continue to look,” Mr Comer told reporters Wednesday.

The Kentucky lawmaker also acknowledged there had been “a pattern for a long time” of questionable financial dealings by relatives of presidents from both parties.

Abortion pill case moves to appeals court, on track for Supreme Court

  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 Court, which already has intervened to keep the drug, mifepristone, available while the legal fight winds through the courts. Three…

DOJ reveals charges in 5 cases of Russian, Chinese plots to steal technology

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 to autonomous vehicles. Another Chinese national allegedly scheming to provide Iran with materials used in weapons of mass destruction. These…

Apple blocked 1.7 million apps for privacy, security issues in 2022

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 105 million developer account creations for suspected fraudulent activities. The App Store team also protected Apple users from hundreds of…

IRS reportedly pulled ‘entire investigative team’ from Hunter Biden tax fraud probe at behest of DOJ

In October, reports indicated that the FBI believed it had enough evidence to charge Hunter Biden with tax crimes. The Justice Department reportedly ordered the team’s removal, according to the New York Post. An IRS criminal supervisory special agent came forward to Congress in April seeking whistleblower protection to share with lawmakers information that allegedly showed the investigation into potential tax crimes by the younger Biden was being mishandled. Now, the whistleblower’s attorneys claim the team’s removal from the investigation…

Rule 10b5-1 Application and Enforcement

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.