35 Burst results for "securities fraud"
"securities fraud" Discussed on WTOP
"Social security fraud hotline at one eight hundred two six nine zero three seven one it's two eighteen traffic and weather on the aids and when it breaks or traveling in Virginia the crash was originally reported as being southbound three ninety five in the area greed brought it appears maybe on one of the rams from glebe road to get to three ninety five unclear of its ramp going north or south on three ninety five every response on scene apparently a light pole may have been struck but the poll is not down but again every response still unclear of what is actually locked in what is actually getting by so use caution if you're in that area elsewhere if you're traveling in the district so far so good along both sides to ninety five in DC to ninety five as of late nothing reported the red light was still on park lane south capitol street were quiet no major issues New York Avenue inbound leaving the Anacostia toward the third street tunnel on the beltway in Maryland and is approaching to fourteen Central Avenue still getting by the works on two lanes to right but as of late delays have been brief are traveling in Virginia back in Virginia should say sixty six west bound I should bless the Fairfax county parkway toward twenty eight central still getting by the works on two lanes left and do keep mine arrived to go north and south on twenty eight X. fifty three be and fifty three eight they are open at this time rich hundred WTOP traffic as we make our way through Monday it's going to be beautiful a lot like this past weekend but even warmer with highs in the low seventies for your Tuesday things.
Is Trump abusing his power over the judiciary?
"This is news in focus where we offer our insights into the stories that matter before we go any further. I want to address today. Sentencing of a man Roger Stone Roger Stone. He's become the sentencing of Roger Stone. A LONGTIME CONFIDANTE DONALD TRUMP for lying to Congress obstruction and witness tampering was mired in controversy. Over how the. Us Justice Department handled the case under public pressure from the president. Mr Stone received a forty month sentence whereas prosecutors had recommended that he serve up to nine years. This followed seven cases of presidential clemency for White Collar criminals whose convictions included extortion fraud and lying to White House officials. Yes we have commuted. The sentence of Rod Blagojevich. He served eight years in jail We have Birdie character we have Mike Milkin. Who's gone around and done an incredible job? Offer is the independence of America's judiciary under threat. Or as Mr Trump simply using the powers a lot to him on the line with me to discuss this is ed loose. Us National Editor and columnist and Cottam Schober US legal and enforcement correspondent. I let's hear a clip from president trump taken. Just a couple of days before stone sentencing. Just so you understand. I chose not to be involved. I'm allowed to be totally involved. I'm actually I guess the Chief Law Enforcement Officer of the country but I've chosen not to be involved but he is a man of great integrity. But I would be. I could be involved if I wanted to be man of integrity he is referring to is the US Attorney General William Bar but is this credible given the tweets he published before the sentencing of Roger. Stone got tell us first about the case of Roger Stone which you've covered for the F. T. Who was he exactly? What was his crime? And was the sentence particularly lenient for this kind of case. Roger Stone is a flamboyant veteran political operative in the US. His career goes all the way back to working on Richard Nixon's election campaign and he has basically been the person you call as a Republican presidential candidate. When you want to get your hands dirty. He called himself a dirty trickster and he is an expert in this sort of Makir side politics in the two thousand sixteen election. He was a sort of informal adviser to Donald Trump. And one of the things he was trying to do was make contact with wikileaks. When it became known that wikileaks had a trove of hacked emails from the Democrats to use it for political gain. The thing that he was convicted of is in two thousand seventeen when Congress began investigating. What exactly went on to twenty sixteen election? The House Intelligence Committee called on Mr Stone and asked him about some of the comments he had made during the campaign and Mr Stone lied to. Congress about who is intermediary was or who he was referring to when he was talking about having an intermediary allied when. He said that he didn't have any documents or any written materials or any taxed of his conversations with that intermediary. The sentence he eventually received was actually probably pretty in line with what other sort of white collar criminals convicted of lying to. Congress or the government have received the key issue in his case was he had threatened a longtime friend of his who was also another witness. Basically saying don't contradict my story and those thrashed included threatening his dog for example the key issue at stake was whether he was serious about that and whether therefore has sent should be jacked up significantly because he had made violent threats and eventually the judge took the view that although it was serious that he'd made violent threats. The person that he had threatened didn't actually feel like they were going to experience violence. Ed Tell us a bit more about Mr Stone. And the history of his friendship with the President and whether you think Mr Trump's tweets constituted interference in the judicial process. Yeah as I said. He's a flamboyant dirty tricks. Who GOES WAY BACK TO LATE? Six hundred seventy trump maximum in the late seventies. He was introduced to try but he quickly hit it off. They shed philosophy of you know playing to win that no method is invalid. Never apologize never explain. Stone set up with couple of other people are very well known lobby group in Washington. One of his clients was trump who was seeking tax breaks a casino. He was setting up in Atlantic City. And really they've been great friends since then so the ties between trump and stone go along way that very deep and they're often allegedly nefarious in terms of the League outlook from this. I have no doubt that trump will seek to podcastone fast opportunity. Trump's on the Guy Senate acquittal spring cleaning of his administration ruthlessly seeking out anybody who isn't very very loyal so to get rid of weather that Meghan appointees the civil savage. Anybody perceive does slightly disloyal. Not Enough is being pledged. Loyalty is a hugely important hugely. Important thing to trump and stern has shown loyalty he has not. He is not divulged things that have damaged the president. He's showing toughness. He's been very Trumpian in how he's dealt with. Franchi's accused the judge me by of being a biased judge which she's rejected this very trumpian and I have no doubt that it will culminate in at some point. President trump pardoning Roger Stern question about what trump actually did part of the reason. Roger Stone was so controversial. Was that line prosecutors involved in this case we're uncomfortable with what Mr Trump and the justice department we're doing. Can you explain that to viewers and why it was such a problem so there are four prosecutors who secured Mrs Jones conviction trial so the trial team? They filed their sentencing recommendation which was seven to nine years which there's no bones about it. That's a serious sentence for anybody to serve and then that evening all of a sudden early hours of the morning so after midnight trump tweets calling it a miscarriage of justice. He says this is unacceptable and Lo and behold the very next day the DOJ which is the US Department of Justice DOJ officials. Start saying that they agree that the sense would be unwarranted and adair kind of reverse it. The following day afternoon we see all four the prosecutors quit the case including one of them actually quits his job at the DOJ entirely and subsequently a new sentencing recommendation is put forward. Which says we'RE NOT GONNA ask for a particular sentence but it ought to be far less than seven to nine years. The idea that four prosecutors would quit a case. All at once is astonishing and it was a very serious and important moment and DOJ his trip shook the DOJ. It was a very dramatic moment in Washington and the question then was was doj senior leadership. William bar the. Us Attorney General. Was He reacting to an order from trump or was something else going on now the lion that DOJ has stuck to is that there was a miscommunication between the US Attorney's office in Washington DC and between main justice headquarters also in DC? But they're separate offices. Basically Mr. Barr says he was not expecting to see a seventy nine year recommendation. The new prosecutor brought on sat at the sentencing that the prosecutors who filed a recommendation that you good faith and thought that they had been given approval to do so and so Mr Bar said listen. This is not about trump. This is about. I think that that sentence was appropriate and I was not told about what was going on. The important thing here is whether or not Mr trump explicitly ordered the attorney general chains recommendation. It's still gets to this question about how our friends of the president being treated in their cases now it's pretty common across the US for federal prosecutors to request tough even harsh sentences. That's not unknown. You don't often see the attorney general weighing in to ask for lighter sentences and certainly DOJ policy at the moment is to prosecute people to the fullest extent of the law to secure the longer sentences possible so whether or not Mr Trump's tweets were an express order to Mr Bar that he followed a whether he was acting independently. It still gets to this question about if your friend of the president. How are you going to be treated by this? Doj while we're on the subject of Friends of the president. The other thing that happened last week was a series of presidential pardons for White Collar criminals specifically several that have connections to Mr Trump. I talk about Michael Milkin. What did he do and why does it matter that he was pardoned? Michael Milkin is to people on Wall Street a hero. He effectively invented the junk bond or high yield bond market in the eighties and then he was brought low by prosecutors and the SEC and eventually guilty to securities fraud and nine hundred ninety. He served about twenty two months in prison after being initially sentenced to ten years. Ever since then he's been rebuilding his reputation. He's a philanthropist. Now has the Milken Institute and for a long time people on Wall Street rich and powerful people have felt that he was prosecuted unjustly and deserved a pardon. The other person. Mr Trump pardon rod blagojevich is perhaps less of a popular figure in any area. He was the former Democratic governor of Illinois and was prosecuted for trying to extort a children's Hospital for campaign contributions and also trying to sell the vacated Senate seat of Barack Obama when he became president his case involves some quite lurid wiretap quotes. Where he talked about Mr Obama's Tennessee. Being a very valuable thing with various explosives and that he wasn't going to give it away for nothing. The fact that these pardons came just a day or two before Roger. Stone's sentencing is pretty mistake -able signal of Mr Trump's power to grant clemency. Whatever case that he wants so prosecutors can go after his fans and associates. Jerry can commit crimes. Judge can sentence them to however long they want ultimately. Mr Trump has under the constitution the pardon power and that was a pretty stark exercise of that pardon power on the eve of a close friend of his being sentenced. Ed Do you think we're gonNA see more interventions this spy trump perhaps related to the Mueller probe into Russian interference in the election. People like Paul Manafort and Michael Cohen. Who Manafort I think would definitely be a case for another pop and I would be very surprised if Michael Cohen Without Him. Because Michael Cohen Tablet Trump describes a rat in that inimitable. Kind of multi language that the president sometimes uses Michael. Cohen testified to Congress very damagingly against president. Trump's he's considered to be a tax cut. The thing that links you know all these Haden's whether it's Michael Milkin Rod Blagojevich Obama Carrick. Us police commissioner who was the security guard incidentally for Rudy Giuliani. The thing that links all of them is that they're pretty well connected people who've committed white-collar crimes and who have upbeat through Fox News. In some cases that Bregovic wife spoke on Fox News. He carrots by on Fox News to capture the president's attention and I think the pattern is again very trumpian thing. It's it's about. People who trump identifies with he feels as acute. Did he feels. He's fatty toxic at he. Identifies WITH OTHERS. Who fit that description again though. The role of connections and of mutual friends and a Fox as dishing platform for pardon. These are very common. There's a pattern here. How big a cause of concern is all this. I mean it's trump's use of the pardon power markedly different from other presidents will Clinton famously on his last day in office Rich Hedge Fund billionaire and friend of the Clintons Madonna to the Clintons and that caused a lot of bad blood. Clinton was heavily criticised for intervening on behalf of a friend and it stood out and I guess the reason I mentioned that is it. Was Fatty unusual. It's now completely normal. Trump has happened many many people who under the inventions of us? Pardon history wouldn't ready quantify so I think he has changed quite dramatically and just to add on. There's an interesting historical link year. Another controversial use of the pardon power in the past was George H W Bush who infamously pardoned a whole swath of former officials who are indicted in connection to the Iran Contra Scandal and bill bar the current. Us Attorney General was back then also attorney general and so Mr Bar He had pushed not just for one. Pardon of Caspar Weinberger. Who was the former Secretary of defense? He said listen. If you're gonNA pardon any of these people you have to pardon all of them. I think his quote was in for a penny in for a pound and so you may have the curious historical echo if MR trump loses later this year of his attorney general at the end of his time in office being the same attorney general at the end of George W Bush's time in office advising him on. You know who to pardon before he leaves Hamas all this been received in Washington and then around the US do people care. It's been received as many other actions by president trump being received with a high temperature reaction inside the Washington. Beltway and shrug outside the GNOMES that being trashed here in a row very significant look at the powers of the presidency. The procedures the the president uses before he acts and the conventions so that being shredded caused great angst in Washington. Dc across the political divide and almost badly registered a ripple outside of Washington. The same of course applies to impeachment. It really didn't resonate much isn't resonating match in the Democratic primaries. In places like Iowa New Hampshire and so I think this is far far lower. It may be it should be different than ideal while but it registered FAFA LOA on the vote says right of than than even impeachment.
A Complete List of Trump’s Pardons and Commutations
"Today. Donald Trump continued his full on assault. On the rule of law pardoning and commuting the sentences of several high profile criminals he notably included former Illinois governor. Rod Blagojevich was convicted of trying to sell Barack Obama's Senate seat vacated because he was elected president in exchange for campaign contributions. Begovic had served eight years of a fourteen year prison sentence. You may also remember the governor from the apprentice where he messed up the Harry Potter Challenge and got fired Donald Trump. We'll technically by the apprentice producers today the President Communities Sentence Response Members of the Illinois House Republican delegation released a saying quote. We're disappointed by the president's commutation of Robert Mugabe of federal sentence. Begovic is the face of public corruption in Illinois. And not once has he shown any remorse for his clear undocumented. Record of egregious crimes that undermined the trust placed in him by the voters. Nbc News Correspondent. Tom Winter reminds us are eating. A jury found him guilty of trying to extort the CEO of Children's Memorial Hospital for a donation in exchange for increasing the payments to doctors. Who took care of Specialty Care Kids? Oh but Donald Trump was not done there he also pardoned former New York police department. Commissioner Bernard Kerik pleaded guilty to eight felony charges including tax fraud and lying to White House officials. Carrick was nominated by George W Bush to be the Secretary of Homeland Security before withdrawing that nomination just a week later. The judge gave a longer sentence than agreed to the plea deal saying quote. I think the damage caused by Mr Carrick is in some ways. Immeasurable trump also pardoned bond. Trader Michael Milkin. So guy considered to be the face of insider trading in the nineteen eighty S. Milton was originally charged with ninety eight. Federal counts including racketeering. He pleaded guilty to six felony charges of securities fraud conspiracy. He was sentenced to ten years in prison. He also paid six hundred million dollars in fines and restitution at sentencing. The judge said quote when a man of your power in the financial world repeatedly conspires to violate and violate securities and tax laws in order to achieve more power and wealth for himself and his wealthy clients. A significant president prison term is required in order to deter others others receive clemency from trump today glued former San Francisco Forty niners owner Edward debartolo junior. Who pleaded guilty in one thousand nine hundred eighty eight two concealing an extortion attempt involving the governor of Louisiana David Savvy and the former Bush administration official who was sentenced to a year in prison for lying about his association with Jack? Abramov June grown the owner of a Mental Health Care Company. Who was serving a thirty five year prison sentence for running? A two hundred. Five million dollar Medicare fraud scheme to be clear. This is the president who spent the last six months arguing. He so pose corruption. He had to make sure. Ukrainian president was to by withholding credit grudgingly approved military aid unless you launch fake investigation into the Biden's and route around Kremlin source conspiracy theory tourist findings but somehow this group of liars an extortionist and swindlers is the group of people. Trump felt deserve clemency. Maybe it's just a coincidence. That trump is pardoning these felons as the sentencing yet. Another one of his criminal pals looms earlier today. Trump tweeted about the judge in the trial of his longtime friend and advisor. Roger Stone suggesting stone deserved a new trial. Not long after the judge ruled stone. Sentencing hearing we'll go on that's planned on Thursday. Although she did say Roger. Stone's sentence will not begin until after she rules on his request for a new trial. Trump's interference with the stone cases. Troubled the Federal Judges Association so much that they called an emergency meeting tomorrow to address it and joining me now. For more on the president's pardoning spree. Today's Walter Dellinger. He was formerly formerly the acting. Solicitor General and also the head of the office of Legal Counsel at the Department of Justice under president. Bill Clinton Mr Dellinger. What do these pardons say to you as somebody who worked in in at high levels in justice in the United States? Well I think the show that we're really at the at the end of being a country that believes in equal justice under law there was no process to see how these crimes and these sentences compared with others who remain in prison. It's the president's own whim when a president acts by Wim and says he did of the Goya Vich. I wanted wife on television that that is an assault on the rule of law. But it goes much deeper than that. This is part of a three pronged assault on low as we know it. It involves threats of criminal prosecution of political opponents. Those investigate you. It involves promises that the president will intervene on behalf of those who commit crimes on his behalf and it. The third leg of this assault is his attack on judges and jurors in cases in which he's involved there is there's a banana republic aspect to it as you said that if you're friends with the president or on his TV show you get a pardon no matter what you've done and if you cross him in any way you might end up being prosecuted and we know that William Bar doesn't seem to be opposed to doing that but they're also does seem to be kind of a sort of Ross statement of power that Donald Trump is saying that if you commit these particular kinds of crimes that are against the Public. Trust that our financial in nature that are about corruption when he himself was impeached for corruption. It almost as sort of I don't know it almost feels like a message about that too about the fact that he's saying no no. I'm going to use of dive into corruption and revel in it. That's a good point Jordan. He treats he treats very high status people as if they're high status is a mitigation of their crops. When in fact it is an exacerbation that makes him so much worse. When you're a privileged person take for example. The fact that he has intervened on behalf of someone who was this got to be the national security adviser and lied about an investigation not just any investigation an investigation into a foreign military powers intervention. Our election. He intervened on behalf of someone who has been a prominent associated with President. Said is Roger Stone Who who committed five categories of lies and engaged in what the first department memo said was a relentless multi year attempt to again and obstruct justice in terms of an investigation into the corruption and the election and then finally the sympathy for someone. Who had the Honora being governor of one of our largest states? And who is thoroughly corrupt? And who sold a position in the United States Senate? Now that's he treats those because high status people as mitigation of their crops. And would it surprise you if the after to the things that Donald Trump does as well when it surprised if he's setting up there's been a lot of questions about whether he might try to part himself like if he's ever found to have committed some crime and that would certainly make himself the biggest part of the mall. I think he would undoubtedly attempt to pardon himself and everyone around him. He certainly let it be known that if a if he's re-elected or or even in the period after he was defeated he is GonNa take care of Of of everyone he knows including himself. I think the courts would reject hisself pardon but you know no presents ever tried that before so we can't be sure and the way in which he he seems to revel in the fact that he could take someone like sheriff. Joe Arpaio a law enforcement officer who is targeting Latinos for harassment and using the power of the police deliberately against a minority group and he pardoned him of criminal contempt of court that the way in which he plays with this. I think Dolly Elliptic who some times on this show referred to the `constitutionalisation of narcissism is what we face in this country. Yeah IT DONALD. Trump wants credit of also doing first step back kinds of criminal justice reform. He wants credit for that. But but do you sense in the pardons that he's doing especially today that the real message here is his own power right that he's essentially saying if you're powerful and you're my friend that is actually how you get a justice not by being somebody who was falsely accused of a crime or got too long of a sentence for having marijuana or something like that. That's why there's absolutely the absolute absence of any sense that the people pardoned held they compared with the culpability and the sentences of the tens and tens of thousands who remain in federal prison. The idea that he can act on on Mir welcome. I think something we've never seen the president before you know. Some people are going to raise the a Bill Clinton's pardon of financier and fugitive Bark Rich. And that was the worst thing. Bill Clinton did in eight years and an office is unjustified pardon but Donald Trump is taking it to a very different level where he's using the levers of the of the power of his office in order to corrupt law threatening opponents rewarding those who would commit crimes on his behalf going after judges and jurors in. I don't know where we go from here. I think we two thousand former prosecutors not just signed a letter but perhaps to think about blocking the willing to be arrested blocking the entrance of the Justice Department out. You have to use your imagination where we go from here Walter Dellinger. Thank you very much really appreciate your time and joining me now. For more. On the president's pardoning Spree Matthew Miller former chief spokesperson for the Department of Justice who's down MSNBC Justice analyst and Betsy Woodruff Swan Politics reporter at the daily beast and she's also an MSNBC contributor. So let's talk about sort of where where he could go from here and where and what it means and I'll start with where he could go from here. Betsy because is there any reporting on how much more of this because it does appear that there is a pattern? Somebody is either you know his friend or was on the apprentice goes on Fox News and pleads for his help he immediately responds to his friends and gives them a pardon. Who's who might be next on the list. I spent the afternoon talking to people who identify or describe themselves as allies of Roger Stone and they said that they saw the spate of clemencies that came down today as very comforting to them. Because they believe it's a signal. The President is sending that Roger. Stone may be next in line for this type of executive action. I thought your use of the phrase Banana Republic was really interesting because a federal judge. Us that exact same phrase in a transcript that was recently released from a closed door hearing regarding the investigation. That's now closed into Andrew McCabe and the judge literally said that the fact that trump was tweeting about McCabe so often the fact that he appeared to be interfering in that process created the appearance of a Banana Republic. So the thing to keep an eye on both the president of course granting clemency to people who he views as his political allies in part because he sees them on Fox News and the inverse of that which is the president encouraging DOJ to weaponize itself against people who he sees as his foes. And I'm glad also that Mister Diligent Joe Arpaio because they're also sort of symbolic arden's of people who are hurting the People Donald Trump's base wants to see hurt.
Trump Grants Clemency to Blagojevich and others
"Work president trump has granted clemency to a number of convicted white collar criminals today including former Illinois governor rod with global glory of it correspondents armory with others on the list he also part in the former owner of the San Francisco forty Niners Eddie DeBartolo who was found guilty of attempting to conceal an extortion attempt and Michael Milken the nineteen eighties investment banker known as the junk bond king who is sought to wipe clean his securities fraud conviction for
The Government Says It’s Cracking Down on Robocalls
"Yes is is taking groundbreaking action a crackdown on hundreds of millions of scams robo calls we hate those things it's finally for temporary restraining orders against US telecom carriers allegedly facilitating those fraudulent calls now most of them originate in India an older Americans are losing millions of dollars a year today the Senate will hold a hearing to look into what it called the number one scam in America social security fraud our consumer investigative correspondent that's Anna Werner spoke to one witness all set to testify in fortune and a lot of people can
Social Security scams costing Americans millions
"The justice department is cracking down on hundreds of millions of scam robo calls most of them originated in India and older Americans are losing millions of dollars a year the Senate will hold a hearing to look into what's called a number of what the number one scanned in America social security fraud consumer investigative correspondent Anna Werner spoke to one witness said to testify who said a man told her family was in danger she says he told her she needed to transfer all the money in the family's bank accounts to an off shore account that would be safe before the fraudulent accounts were seized or she would lose all of their money to prove but he center is what he said was a warrant for her arrest for drug trafficking and money laundering that would be used if she didn't show full cooperation so I drove to the credit union and I transferred all of our money into your checking how we had CD's I I catch them and I paid the penalty is all told after a week's time she wired one hundred fifty thousand dollars to the crooks the Social Security Administration said they have gotten more than a hundred fifteen thousand complaints about the
How to spot Social Security scams
"People are losing millions of dollars a year to scam robo calls I just got one a second ago actually that word as the department of justice files restraining orders against US telecom carriers the Senate held a searing a hearing today on the most common scam which is social security fraud this call is from the department of social security administration before we go ahead and suspend your social security permanently no more than a hundred and fifteen thousand complaints have been received so far experts warn the elderly not to trust caller ID or give out their social security number the FBI also warns that scammers are also now spoofing the agency's
Robocalls in crosshairs: DOJ moves to stop telecom companies behind fraudulent calls
"The justice department is asking a federal court for restraining orders against three U. S. telecom carriers for allegedly patching hundreds of foreign base robo calls into the country most of those calls originate from India older Americans are losing millions of dollars a year to the fraud CBS news consumer investigative correspondent Anna Werner spoke to a witness who set to testify before the Senate about this growing problem I'm really embarrassed Michelle Anderson and her husband Kyle a Utah state representative say they know many people won't be able to believe they became victims of the social security scam but they see the fact they did means others need a warning maybe it happened to us so that we can help others the scam started in December when Michelle says she got calls like this one your social has been found some suspicious for committing fraudulent activities claiming her social security number had been compromised and have been used to set up multiple bank accounts associated with a drug cartel social security fraud is the number one scam in
"securities fraud" Discussed on Bloomberg Radio New York
"Is Bloomberg businessweek with Carol Vassar and Jason Kelly from Bloomberg radio it is now proximally three weeks since Carlos Ghosn the ousted head of Nissan and Renault escape from Japan over all obsessed chase in his early with the Hollywood like feel of this story real story there are still something we can't forget and that's the legal side of the story not a question still absolutely and we talked a lot about as you say the SK you have the dramatic you know sort of in the box literally like getting to Lebanon but what happens from here from a legal perspective that's what we really wanted to get into now great Fairless here this he has unpacked this in a way that few have and is here to provide some historical perspective as you look at this one of the key legal issues here the case against cone is not like a lot of cases brought against CEOs in United States where it's clear case of either insider trading or accounting fraud in order to boost up earning so that you can get your bones that the Enron stop and then we all remember from fifteen twenty years ago the case against cone is unusual in so far as it's a he's been accused of helping himself to more money than he deserved or somehow finagle a way to get the board to approve or unbeknownst to the board an even bigger pay packages then he was entitled to which is uncommon it's seen rarely here basically to my mind it brought back the case against former Tyco CEO Dennis Kozlowski in the city of folk brought not by the federal government but by the Manhattan district attorney Bob Morgenthau back in the for five era and that was kind of a messy case was not clear they went after him on books and records issues it cetera but we do not have that clear residents that may come in Friday the securities fraud case has tackle shareholders we're not really burned by this yes Kozlowski helped himself to more money then yeah the board had approved but unlike and run unlike HealthSouth unlike some of these other world tech was a real profitable company and its shareholders we're doing well so this falls into that category gone was accused of helping himself to more than he deserved and basically parlaying his position to enrich himself another thing that was missing from you know Morgenthau's case can strike out but clearly present here is the plan and Carlos Ghosn referred to this in his press conference last week to basically fold Nissan into a wider right global automotive group that would basically you know remove the essential Japanese element from it or make it less of a Japanese champion brand that had been and you know I think sex got a point there that this is something that didn't go over well but it was in the works it was in our house it was in the works it's more than a coincidence I think that this very aggressive regulatory legal action prosecution of going to place at a time when the sun was in fact you know drifting towards the becoming an international brand unless of Japanese brand what's interesting I would go back to what you said of you know perhaps Carlos Ghosn helping himself to more than he was allowed is that a simple legal case to figure out in other words you just go back to the employment contracts and here's what they say you weren't allowed to have this house or so and so forth or when it comes to this kind of thing because I could certainly see with the board that's really happy with its CEO in Khost gone was lauded as is incredible auto executive ana in the industry really globally as an executive and I do wonder whether it's like oh yeah we like him yeah you can have that or you can do this like how do you go about legally proving it what's required hi well there's a lot of wiggle room cal you made a very good point here and that is he was a superstar CEO by the time this all unfolded a little more than a year ago and as you pointed out in his press conference last week somewhere near twenty books have been written case studies in business schools about his phenomena that serve you in saying what a great site yes everyone absolutely but this is at the far end of a twenty year reign certainly when you have that much six says over a period of time there are certain realities that happened we seen it here in the U. S. with very powerful you know we die CEO was to develop sort of a there's a hero worship and after a while technically all you know boards of directors are independent but over particular twenty year period where you know new board members come on it's at or after a while the board becomes if not a wholly owned subsidiary far less of an independent watchdog rack than what you have shareholder activists would would like us to have they do become that becomes a very comfortable relationship between the board and CEO because everybody's doing well why rock the boat and in that gray area is it whether or not you know going is entitled to this the board you have to either be different claims if this ever went to trial that the board was not aware of that himself that right on could say no I told them this or they knew that or we had a discussion at the end the last board meeting was set up to be interested in this site the money went through and ready okay yeah exactly exactly transaction there are lawyers for every board meeting and board minutes etcetera size are not like secret meetings that happen and people forget right so you know that is a very gray area and that's great feral one of the legal eagles here at Bloomberg and what I loved about his conversation was he put it in context historical context he followed everything from Enron to Tycho and those connections that he made to the Dennis Kozlowski story I thought were fascinating I also think it was funny that and starting to talk with him is like we had remembered that there were charges what were the charges exactly against Carlos go to we get into the particulars so obviously a story that continues to fall it is an over she said you're listening to Bloomberg chrisley coming up a profile of Leon black founder of Apollo global management with most influential voices.
Ailing former WorldCom CEO Bernard Ebbers freed from prison for medical reasons
"The ailing former worldcom CEO is getting out of prison Bernard Ebbers the former worldcom CEO who was convicted in one of the biggest corporate accounting scandals in US history has been ordered freed from prison for medical reasons U. S. district judge Valerie ECA prone he ordered the release a lawyer told the judge the seventy eight year old Evers weight had dropped from above two hundred pounds to one hundred forty seven pounds last week world com collapsed and went into bankruptcy in two thousand two following revelations of an eleven billion dollar accounting fraud Evers was sentenced to twenty five years in prison after being convicted on securities fraud and other
Ailing former WorldCom CEO ordered freed from prison
"Bernard Ebbers the former worldcom CEO who was convicted in one of the biggest corporate accounting scandals in US history has been ordered freed from prison for medical reasons U. S. district judge Valerie ECA prone he ordered the release a lawyer told the judge the seventy eight year old Evers weight had dropped from above two hundred pounds to one hundred forty seven pounds last week world com collapsed and went into bankruptcy in two thousand two following revelations of an eleven billion dollar accounting fraud Evers was sentenced to twenty five years in prison after being convicted on securities fraud and other charges I might cross the
Regulators Allege Christian-Based Health Care Provider Broke State, Federal Rules
"Nearly men. one million Americans rely on health care sharing ministries to cover their medical bills members of these Christian organizations typically chip in money every month with the expectation that they will be reimbursed when they treatment but multiple state regulators have accused one company of violating federal and state requirements. New Hampshire public. Radio's todd awed. Buckman reports on the efforts to rein in one of those companies spread out on. Keith means kitchen counter. There's a mess unpaid bills with very large numbers. Eleven one thousand eight hundred eighty six for looks like an anesthesiologist. The surgeon eighteen thousand eight fifty four hospital. Stay hundred and fifty two thousand fourteen dollars. Sixty nine cents. Mehan is forty nine years old. DIVORCED DAD living in Rochester New Hampshire his job as an international. Rice salesman doesn't provide health insurance so last year a broker sold them on a company called L. era that markets what's known as a healthcare sharing ministry. It's not traditional. Oh health insurance clearly not Which I've I've come to find out? Meeting signed up a few months later. He had back surgery he says Lira. An entity at contracts contracts with called Trinity healthshare assured him. The procedure didn't need preapproval but afterwards it declined to pay close to two hundred thousand dollars in medical bills contending. His back pain was a pre existing condition. I feel like I was sold a bad bill of goods. You know just I had no idea. After receiving a wave of complaints claims from customers like me in New Hampshire's insurance department issued a cease and desist order last month against a Lira and Trinity for selling what the State calls illegal health insurance points earlier this year regulators in Texas Colorado and Washington also took action against a lira. The company declined an interview request but in a statement L.. Era Forcefully denied the allegations and says it will appeal. The New Hampshire cease and desist order other healthcare sharing groups say Elliot's actions are harming the reputation of the broader industry these ministries have seen rapid growth in recent years in part because of their lower cost. The cost was typically a fraction typically. Well under half and usually closer to a third of what the cost of conventional insurance was. This is Fenton Gruen and New Hampshire contractor. Who's been a member of a ministry great since the early nineteen nineties? He says along with the savings. Many Christians are drawn to ministries because they don't cover abortion services and offer perks like like prayer hotlines for their members grew and says he supports regulators stepping in to stop a company like a Lira. If it's violating the law given the explosive of growth of health care sharing ministries. It's not surprising to me that somebody would try to cut in on that investigation by the Houston Chronicle earlier. This year noted that the CO founder under Valera previously served time in prison for Securities Fraud the company is facing a proposed class action lawsuit in Washington State for alleged deceptive practices. Joanne Wind Volk with Georgetown Center. On health insurance reforms says some consumers are drawn to ministries because of the belief that they'll be better taken care of there's a lot of frustration with insurance companies and some of the hoops. You have to go through to get beer. Healthcare bills paid. And it feels like it's just another hoop but at least it's with people that share my beliefs Keith. Me The guy with two two hundred thousand dollars in unpaid medical bills says he wishes he had done his homework on Lira. I'm not trying to skate on my responsibilities. Had I known that this was way it it was gonNA turn out. I would have suffered. I can endorse some pain both physical and mental. But I would've never gone through with the surgery. More pain may be on the way I mean. Says he's considering filing for bankruptcy
Exxon to face trial in New York investor fraud lawsuit
"Exxon Mobil goes on trial in New York today in the state says it misled shareholders about the risks that the company faces from climate change it's a civil lawsuit and more cities and states are doing the same thing they're trying to hold oil companies accountable for climate change and pears laurel Wamsley has the story new York's Attorney General is suing Exxon Mobil arguing that he defrauded the public for years by misrepresenting how carbon regulation would affect the company's financial outlook the case goes back to twenty fifteen when reports found that while Exxon scientists were in Ridley researching climate change to plant operations the company was outwardly casting doubt on global warming then New York Attorney General Eric Schneiderman told PBS newshour how its investigation could lead to legal action there's nothing wrong with with advocating for your own company which you're not allowed to do is commit fraud the state argues that acts on used two different ways to calculate carbon costs and wasn't clear when it was using one or the other which had the effect of making its assets appear more secure than they really work that in turn affected it share price the lawsuit says and defrauded investors that would be a violation of a New York statute known as the Martin act it's the same law that's been used by previous Attorney General in the state to bring charges against big financial firms there's not a general law for better or worse against lying in general but there is a law against lying to shareholders that's Michael Gerard the climate law expert at Columbia Law School he says one focus in the case will be excellent investment and the carbon intensive Canadian oil sands project some investors worried won't make financial sense under tougher climate regulations and all the details get a little wonky this is a case with potentially big consequences this is the first case on alleged securities fraud about climate change over to go to trial Exxon says the lawsuit is politically motivated and driven by anti fossil fuel activists the company says it was honest with shareholders about how it calculated carbon costs Effexor loses a could be vulnerable to a string of lawsuits in other states that's because it had to give New York thousands of pages of documents and a lawsuit elsewhere will be able to use what comes out in the trial to build their own arguments laurel Wamsley
Ex-New York congressman pleads guilty in insider trading case
"Chris Collins a western New York Republican appeared in court today after his resignation over an insider trading case more from fox's when all Scott the former congressman pleaded guilty to two counts one each of conspiracy to commit securities fraud and making false statements in his insider trading case calling said afterwards he failed his constituents and regretted his actions US attorney Jeffrey Berman says
FBI witness testifies he paid college football players at major programs from 2000 to 2014
"Charges in FBI witness in college basketball corruption trial says he paid college football players for nearly fourteen years, including athletes at Pitt and Penn State the post gazette reports Pittsburgh-based by Nanteuil advisor Marty blazer was testifying for the government Tuesday. When he said he made payments to college football players hoping to become their financial advisor when they left school blazer became an informant after he was charged with securities fraud and other crimes no comment
Tesla's Elon Musk, SEC to face off in U.S. court on April 4
"A federal judge in New York will hold oral arguments next week, and the government's contempt of court case against Tesla's CEO, Elon Musk judge Allyson Nathan scheduled a hearing for a week from this Thursday, the US securities and Exchange Commission wants Nathan to find musk in contempt of court. Let's Leah for violating terms of an October court-approved securities. Fraud settlement. The SEC says must agreed to have a company low approval tweets, but blatantly disregarded, the agreement tesla and musk each paid twenty million dollars to settle the case in October after musk tweeted that he had funding secure to take the company private when he did not have the money lined up. Must tweeted about vehicle production on February nineteenth without the lawyers approval. Has lawyers say the tweet restated previously approved
Wells Fargo officials enter $240 million settlement over bogus accounts
"Big settlement for Wells Fargo. Let's get that. And all the business news from Jason Brooks KCBS super micro Intel money desk Wells Fargo is hoping to put its fake accounts scandal behind it. After Reuters reported a two hundred forty million dollars settlement between company officials, including CEO, Tim, Sloan and shareholders the settlement is being funded by the executives insurance companies at Reuters says it's the largest insurer funded cash settlement and a US shareholder derivative lawsuit. The San Francisco based Bank previously settled a securities fraud lawsuit with shareholders for four hundred eighty million dollars this week Wells Fargo disclosed that its various legal troubles could cost a two point seven billion dollars five hundred million dollars more than it expected at the end of two thousand
"securities fraud" Discussed on Mueller, She Wrote
"Which is funny because he was in the military for thirty three years. But like what are you gonna do? Extra. Would you like that? You didn't do already saw Flynn picking up trash on the side of the room. I would laugh I would point and laugh laugh at dogs poop on the side of the real. I would at least a picture at fill a little bit about. But I do it. I wouldn't don't feel bad, man. He's a traitor. There's this sorry, really quick. There's this whole argument about how giving them no jail time. We'll be good because it will incentivize people in the future to cooperate. But I say give them Slyke still jail time. But then just give you other people more jail time. Why don't we just do that? No will get off with no jail time. This is the first big one though. And he cooperated his first person to cooperate hard and fast, and constant and truthful and steadfast, right? So Muller is rewarding them, and I think that's why they subtly took out that no incarceration, totally part. Instead of saying fuck you recommend jail time. Now bitches. Little fingers each it. Basically just wore a fan of the SDN y approach I think like fuck these people. They knew what they were doing. I'm not going to give you the worst sentence that you could get because he co-operated, but you're still piece shit that did this. And this is why jail time exists. And there's so many people also that get incarcerated for right? And speaking of Cohen. Oh, yeah. He was sentenced Wednesday. And I've got a whole thing on Cohen and hot notes took around for that. So we learned Wednesday that the Trump inaugural is under criminal investigation criminal investigation now and joining us to talk about that is former securities fraud litigator. She practiced in the DC circuit court and in the southern and eastern districts of New York, and she's the host of resistance live, Elizabeth McLaughlin. Elizabeth welcome to molar. She wrote. Hey, I'm sorry excited to be here been a longtime comeback. I know I know we've been dying to have you on. So it's really an honor to speak with you. So it appears that the Trump inaugural spending and perhaps funding is under investigation, and you and I have been cut. During this for a long time and wondering how they raised over one hundred million dollars, and they got hundred eight million dollars twice over twice as much that Obama raised and we don't know where it all came from or where it all went. I think the only other person mainstream media that was has been like wondering about this as maybe Rachel Maddow. Oh, and I was hoping you could tell us briefly what this investigation is about. And what's new here about it? Yeah. So I, you know, you know, this as well as I do there have been questions about this inaugural funds going all the way back to like the week after the inauguration. So, you know, all the way back when Sean Spicer was still screaming in turning beat right about the size of the crowd. And I've been wondering forever about where this money came from. And there's been a lot of speculation from the very beginning about some of these payouts to no one of them went to this friend of Milanez. And no one really exactly understood what it was four. And then there were there were huge amounts that were missing millions and millions of dollars that sort of. To be unaccounted for. So there's been red flags around this as you know, for quite some time. But the big breaking news this week. In two separate reports has been not the inaugural committee. The inaugural fund is now under investigation as part of Muller's scope, and it's it's curious. So there's two things about it. That are new the first is that apparently in the raids on Michael Cohen, the feds found tape where he seems to be talking to this friend of Milania Trump's you've got all this money out of the inaugural about whether or not knows that is it the one started in rep is not the one that got almost twenty six million dollars s. Okay. Yes. And apparently, the two of them are on tape having a discussion about whether or not the payment is legit. So that that in itself is a big question. Mark you gotta love Michael Cohen taping all of his crimes, I mean, come on. It's a it's fascinating. He must have been at some point..
"securities fraud" Discussed on The Right Time with Bomani Jones
"Is Bomani Jones. They solicit on the ESPN app apple podcast, wherever you get you pack as we appreciate it rate. As review us. Give us five stars. You only give us four stars. I'm inclined to believe that. You are a hater. We are doing our second show of the week. That is when we happy guests. Join us, and we're fortunate to have this week with us from Yahoo sports is absolutely one of the best in the business that this is name is Dan Wetzel. And Dan, you had the joy of attending the NC double a basketball trial in New York City as it was going on in the first question. I ask is has anybody figured out. Why they even did this in the first place. Now, really now really I tell you the probably the most troubling part is what happened was a financial adviser in Pittsburgh got bucked it on securities fraud like a real crime. And part of his plea deal. Get out of it was he was going to give the feds college basketball in and, you know, amateur basketball, and he set up all these dudes and introduce them to the undercover agents to undercover agents working on this case for over a year. Let alone wiretaps secret meetings. I mean, everything and so they end up nail. And all these guys on what I would think is. A fake crime. If a crime at all and the guy actually committed crime, he's cool. So he got almost securities fraud for this, right? Like a sister coach is going to jail it is awful securities fraud. Absolutely. So we could get wiretaps of like thousand thirteen hundred dollar cash drops and stuff like that. And it's got committed a real crime. And you think about how much money was spent in resources, we got FBI undercover FBI agents. Cool. What we nail somebody doing something. Instead of a Dita's paying a kid. You know, ten grand. Okay. I wonder when it got to the tough though, somebody had to be disappointed that this all this was the head to be whoever made the call that. This is what we're going to do. I just feel like when this is all you get you can't be happy. Can you like this can't be what they thought they were getting? This is all just my opinion. I don't know what happened. Okay. But my guess is. 'cause if you look at this they had they were up on wires. They had got these two. To undercover agents had infiltrated the business a little bit. And it gained some trust yet. They pull the plug and arrest ten people that nobody knows other than Chuck Person because he's working as as the Auburn assistant. Now, they could've stayed on for another year. And now, maybe they're sitting there arresting a prominent basketball coach everyone's hurt up right now. Maybe it's Rick Patino and Bill self. I don't know. I don't know. I'm not using them doing any wrong. But we didn't your target be somebody big. Now, we got a story. Okay. Now. Now, we got something. Instead, it's like, look we got this. You know, we got system coach at Oklahoma state. Great. You know, we we got this middle manager at at a Dita's. Boy, we really nailed him. You know? Yeah. So I'm guessing somewhere along the line. It got up and somebody goes way. What are we wasting time onto in that case that that's just my opinion? Because why would you settle for? You know, these guys also don't forget they got to do make suits the suit man was teasing by favorite part of this story clo- air, I like to call the clo- you don't get used the term clothe the air. Very often. We got the suit guy, we got a twenty four year old street hustler is trying to be he was trying to be like, you know, Jerry Maguire, we got you know, four coaches who are just try to make a couple extra bucks. Like, you know, someone's come. Hey, I'll give you twenty grand if you advisor guy to to to sign with me. All right. What the heck right? No. You know, someone's give me twenty grand. I moved light. You know, you're not supposed to get fired from your job. You're not supposed to if it says contractually, but man, everyone is going to have a side hustle. You know, you know, James Gatto who they who got convicted to count they they kind of tried. Make him out to be like this. Adidas mastermind. He's I mean, he's worked at twenty five years of the Dida..
Tesla shares down 5%
"The situation with tesla Motors continues to be interesting shares of. Tesla down as much as five percent today. After chief executive Elon Musk stirred nerves about the settlement of his securities fraud lawsuit by mocking the US securities and Exchange Commission on Twitter. The tweet calling the SEC the short seller enrichment commission came just hours after a federal judge ordered musk and the SEC to write a letter justifying his settlement which allows him
"securities fraud" Discussed on WBZ NewsRadio 1030
"Ben Parker joins me live. And he tells us his opponents say it's violation of campaign laws. Ben, Nicole in the recently published voter guide that went to registered voters across the state. There's the typical information about next month's elections. But those running against Bill Galvin say there's more that shouldn't have been included Republican Anthony mores says a section that tells Galvin's work on securities fraud, for example, picking up a whole page of voter guide at taxpayer expense. It's really improper a I says. As they are exploring options about how to handle this perhaps an ethics complaint and says, there's no gray area here in his mind. It's completely black and white. I mean, you won't see any other to tional officer officers officer using public funds to. Host of their own accomplishments green rainbow party candidate one Sanchez tells WBZ he has reached out to the secretary of state's office about this. But doesn't know where that will go up the catch twenty two here that the department that's supposed to enforce these laws is the secretary's office. We have reached out to secretary Galvin's office. But so far we have not heard back, Nicole. All right. Thanks, Ben WBZ news time eleven eleven for weeks. Now, local TV's been saturated with ads pro and con an comes to question on the November ballot. That's the question that would limit the number of patients that could be assigned to one nurse in hospitals across the bay state. Well, today, the state health policy commission says approving question one would cost between six hundred seventy six million dollars and nine hundred forty nine million dollars each year, the commission cautions that's likely a conservative estimate commission says about Twenty-three hundred to thirty one hundred more fulltime, nurses, would be needed to meet these staffing mandates Massachusetts nurses association which backs. The question calls, these findings irresponsible. The sports now the Bruins dropping the puck on their seasons night in DC against the defending champion capitals. That's seven thirty Red Sox. Will learn holmdale facing the division series the Yankees and as clash and their wildcard game. And the pats host the colts tomorrow the clock, of course, taking on Tom Brady's career, the supermodel wife says she's not rushing him into retirement WBZ's, Adam Kaufman with more on that in the as hticket dot com. Sports studio. Tom Brady's only under contract through next year. Then again, the patriots QB's also forty one can't play forever Brady admitted chatting with Oprah Bank in Juny sees the light at the end of the tunnel. I think about it more now than than I used to. I think I'm.
Musk, Tesla and SEC discussed on RobinLynne
"Sued along musk for securities, fraud relating to misleading tweets about tesla. Most antenna have reached an agreement with the SEC. The settlement allows must to stay on as CEO but requires him to relinquish the role of chairman of the board and not to seek that post again for three years. In addition, musk must pay twenty million dollars in fines and agreed to comply with corporate communications processes. Tesla has also agreed to pay twenty million dollars in fines and to a point to new outside members to the board, the settlement must still be approved by the court. Tesla's stock cratered during Friday's trading dropping almost fourteen percent after news of the lawsuit Abreu apps. After hours, Thursday, that impact almost certainly pressed musk and tesla to pursue the settlement quickly. It also underscored the streets, confusion that musk rejected a prior settlement offer, which had been the impetus for the SEC to file suit. According to reports. The SEC's earlier settlement offer also required to give up the chairman seat, albeit for only two years instead of three. The settlement represents a substantial compromise on the SEC's part. Their lawsuit had asked for most to step down CEO and it sought to bar him from serving as officer or director of public company. Most is the public face of tesla. So the company and its stock would surely suffer had this outcome, Ben realized, and even if the matter were litigated, some experts have guessed that as much as thirty percent of Tesla's value is contingent on musk, being it's CEO. The outcome
Elon Musk Agrees To $40 Million SEC Settlement, Out As Tesla Chairman
"Foty. It is a forty million dollars settlement for tesla. CEO Elon Musk following a securities fraud charge from federal regulators. Cristiano Lima is a technology reporter for politico. Scorn remain, a CEO of the company will have to step down from his board for at least a three year period, and he'll also have to pay twenty million dollar fine as well as the company for damages caused by his remarks this all because of a musk tweet the financing to take his electric car company private which I caused a big jump into stock price. It's taken big hits. Since Tom Foty,
"securities fraud" Discussed on WDRC
"In all states. CEO Elon Musk in hot water with his curious and Exchange Commission over those tweets in August, where he wrote about taking the company private SEC complaint, which was filed earlier today in federal district court in the southern district of New York seeks a finding that must committed securities fraud an injunction prohibiting him from doing so in the future civil penalties. Disgorgement of any ill gotten gains at a bar prohibiting mosque from serving as an officer or director of a public company in the future SEC director of enforcement, Stephanie Evenki, and but the Wall Street Journal reports musk was close to settling was securities regulators. But backed out at the last moment, the nation's top diplomat at the United Nations as the US continues to work on relations with North Korea. Convinced the north to end its nuclear program state, Mike Pompeo says he had a very good meeting at the United Nations with his North Korean counterpart, though, Pompeo chairing a meeting of the UN Security Council. Also pressed countries to continue enforcing. Sanctions against North Korea. The administration says those sanctions will compel North Korea to dismantle its nuclear weapons and keep Kim Jong UN to his commitment of doing. So by January twenty twenty one Pompilio says he's planning a trip to Pyongyang next month to prepare for a second summit between President Trump and chairman Kim in late August, the secretary cancelled what would have been his fourth trip to Pyongyang citing North Korea's lack of progress in dismantling its weapons programs at the State Department Richardson, Fox News. Washington has helped Mark the start of innovations at playwright August Wilson's child at home in Pittsburgh, Washington headline to ceremony the home yesterday. He led a five million dollar fundraising effort to restore it Washington directed at twenty sixteen movie production of fences film, the movie in Pittsburgh and plastic film. Other Wilson plays. Renovations are set to be completed in twenty twenty when the home is set to become a center.
"securities fraud" Discussed on KBNP AM 1410
"Uh it's a pleasure in an honor to be on your show with you thanks all thank you thank you thank you i'm i'm so glad i heard about you did some research and i say i got to get that guy on the cell that is very interesting you right hooks right then collectors okay now just to give the folks for little background nanya uh marty spent most of the 1990s as one of the top conservative radio talk show host anywhere in the country okay he i was very highprofile person through those years uh he went into business he had a great deal of financial success and you would think that uh that coupled with a great wife and son he'd never want for anything again but sometimes in our life we go through those periods where we do something we say something ores things just happen to happen to us what happens to marty uh was in two thousand four he went to a prison for securities fraud and theft and uh what he did though it wasn't a waste of time for them because uh he began to find a way to kill his time one of them was starting the jack reno series was actually started while he was in prison in fact the first is the several books were written longhand on tablets i'll have him explained that to us uh this the this story about jack reno that you will read in these books has the story of redemption in change it's off fiction but you know you really enjoy what he's writing about so so marty why don't you tell the listeners had all these things go in the in the in the 1990s what happened then that made you go to prison oh what what really happened more than anything else was i will lose a very arrogant oh man guy.
"securities fraud" Discussed on Bloomberg Radio New York
"To investors securities fraud that's a basic b five claim for fraud in connection with the purchase or sale of a security and a bond certainly as a security so the fcc could go down the fraud route war with brokers and the big banks have brokerage arms they're required to maintain proper books and records and so if there's any falsification in the books and records that could be another avenue and of course the prosecutors and we've seen them do this they have that wonderful tool of theirs called the wire fraud statute uh any the email that where to contain false information can be the basis of a wire fraud claims so the government has some pretty powerful tools that can be used to police the market it's just a matter of putting the cases together which is the real challenge in this area thanks as always are being on bloomberg law that's professor peter henny of wayne state university law school and now turning to other legal news the united states versus at t the trial to block at t from buying time warner will begin on march nineteen accounts of lawyers will face off in a federal courthouse in washington dc where the stakes are high and the personalities are high powered joining me to discuss the trial or jennifer ries senior litigation analysts for bloomberg intelligence and jonathan baker a professor at american university washington college of law chen did at t you lose on a trial date because the judge said that he would not be likely to have a decision by the deadline in the company's merger agreement you know i i still think that at t did fairly well without trial date because first of all it's much closer to the date they had suggested than the date the doj was looking for and.
"securities fraud" Discussed on WBZ NewsRadio 1030
"We're talking securities fraud shareholder disputes intellectual property cases sounds to me like a it's a very interesting area i mean some people may be a little off what by this but this is an area this expanding it is uh everything is becoming more and more of about intellectual property and property rights that you can't necessarily see your touch uh intangibles if you will and uh it is a growing area of the law what we're doing tonight here a wbz in conjunction with the mess brussels he's in you guys do a 14times ears in addition to deny tell us what that we were on a dial a lawyer program that is an opportunity for members of the public to call up and speak with a an attorney and discussed their particular legal issues with an attorney and get some advice uh get through some of the basics and get some direction as to where they should head with their problem and there are various different avenues that we can send them down and uh if for example we have the massachusetts bars sociation lawyer referral service in which we can um match members of the public with a qualified attorney who is ensured and uh who is a member of the mass bar um and who will be you know get them on the right path and that service that phone call is free and that reference that referral is free uh but others you not providing them with free legal counsel beyond that first ineligible that's correct dan but the first half hour is the agreement with the attorneys are they cannot charged more than twenty five dollars for the first half hour and a deft you talking with a lawyer for about 25 minutes thirty minutes uh you should be able to figure out un the lawyer together should be able to figure out which way should go and whether or not this is a our relationship with the attorney they.
"securities fraud" Discussed on Xtra Sports Radio 1300 AM
"One and done guide on a palm of a wanted donald wuerl you serum to a school uh it it it just kind of a circle you want an assistant coach to get it took an towed wants to apply are at their school a shoe company wants a player at of school uh so an agents and financial planners want to get those players when they turn pro including on including the shoe company and so what we have here is uh appear jose a a a pretty wellknown or somebody pretty important coup of the financial planner what caught up in it up in securities fraud last year and he seemed a clip and uh to get out of trouble and he brought in a on fbi agent undercover fbi agent that in olives meetings and acted as arte is core group and they paid out of money to at least four different schools uh and and basically have an agency financial planner donating i mean we're talking tens and hundreds of thousands of dollars here to prospect clamor only two of the coaches that those core schools and involvement permit eat s handing out money to assist and coaches also apply or would go to a school and then quite per year year and a half whatever bay and then signed with adidas and bit financial planner in this age it and then they would get their money as they became crowe nba players is enormous amount of money obviously it may and they do not have any idea which finance appointed attack so you have a widespread case you up i mean he got older good hey out thirteen grant 100 grand only one year a lot of details that aren't specific allow want up incriminate anyone and it it's a brand new indictment ever read through it all uh her so i'm a little uh blamed here on this bought if you bought to gather this is going to involve major programmes as well to earn invited hall of fame cultures uh once these guys start flipping inevitably do when dealing with federal he uh that was just one agency i mean it it looks as an absolute bomb my they cut davis had it right on college basketball everything we know happen if not wanna come out in ways that no investigative reporter ncaa investigation will ever cope there are supposed to.
"securities fraud" Discussed on KUGN 590 AM
"He apparently was charged dan he's guilty of securities fraud and all kinds of different directions yesterday the judge denied his bail because he the judge said that the shroud ali e s h k r e l at otopeni rights curley mmm police has how i regard it pronounce yes yeah that he poses a threat to hillary clinton at the hearing in federal court the there a post by squarely brought to the attention of the judge offering a five thousand dollar bounty anybody who could grab one of clinton's airs while she's on a book tour he said that was political satire you stupid jerk you're in jail it trying to get out your big somebody's going to pay attention to that he's on five million dollars bail and the judge said forget it here's dan in jail it was according to judge a solicitation foreign assault and then he said rob rejected by the first amendment the judge said no you're not this is risky business so many people don't understand the first amendment he says he did apologise apparently for his behavior saying i'm not a violent person the judge said to bed too little too late not a violent then he's just an idiot and that's why he was going to pay five thousand dollars to someone else to be a violent park manner hair yeah okay an ice times it he may be one of those people that uh guys because he sits for a long time in jail and i'll carry that i mean i'm a pacifist in general but i'm okay with that all right so anyways evil as he is evil he's well i mean he's in jail for evil reasons be i i don't care about the hillary meanwhile they're the hillary things weird but the real reason that he's there is is horrible why would he wanted to see is a 'cable human being you want to be the illusion here he probably wants like genetically synthesized that are something really well i mean he's in that business so i'm sure that's why he might any bisnis in the visit china a key from going to jail to become one of the boys you know what i mean maybe be he'd be a.
"securities fraud" Discussed on WINS 1010
"But lots of fresh veggies apple trees fragrant herbs and other delicious seasonal food and the plants are currently ripening in the south bronx but it'll be moved to the hudson river park in lower manhattan announced september fifteen founder of marty mattingly created swail and park to give new yorkers an opportunity to forage for food which is illegal throughout the city's public parks but that law does not apply since it's a barge and mattingly said best of all swells harvest is free for the pick not long after he was convicted of securities fraud martin's shrill lay the socalled pharma bro was back in his new york city apartment partying and talking crash on youtube i think the display some snow sza jiang transall and album for dollars fifty thousand copies distancing it's an it's an act that has basically looking for they predicted life would not change that much for him even if he does have to go to jail for awhile saying i'm one of the richest new yorkers areas is and it's not going to change but year executive faces up to twenty years in prison but many legal experts predict you'll get a lot less time than that still no word on when the judge will be sentenced again some new york state lawmakers have proposed a pair of bills that would require all adult bike riders to wear a helmet or face a fifty dollar fine the helmet law and the books rag now only pertains to kids fourteen and under proponents eight helmets would reduce the number of injuries and deaths but those against the bill say if their past they will only discourage cycling and now that the best way to protect the.
"securities fraud" Discussed on WDRC
"Leakers smug jack callahan fox news a warning from director of national intelligence dan codes we will find you as the justice department announces a plan to prosecute government leaker attorney general jeff sessions says his office is taking a stand to end the culture of leaks undermining american security all of us in government can do better the first requirement is for discipline within all our agencies of a from government session says active investigations of leaks has tripled in this administration at the department of justice is reviewing guidelines about subpoenas for journalist in 2015 the justice department required additional levels of approval before a reporter could be subpoenaed fox's jared halpern congress now on its summer recess for the rest of the month president trump's spending two weeks at his goal for stadium new jersey all extensive heating and air conditioning repairs are done to the white house special delivery to the un vice president pence telling the young american foundation conference in washington observed in his brother it has been putting america first like when he announced that the united states of america officially today notified the united nations that we are withdrawing from the paris climate accord president giving the formal note is telling the un the us is still open to renegotiating the paris accord who's been a verdict on the securities fraud trial martin should crowley guilty of security fraud involving an f nb capital guilty of securities fraud involving and andy healthcare a conspiracy to permit for purity products bridget rhody the acting us attorney of new york shukrulo use attorney benjamin bronfman pointing out his client was cleared five other jerk are just the eccentric former pharmaceutical ceo who is notorious for a price gouging scandals crawley is free on five billion dollars bond pending sentencing and aid straight record day on wall street the dow up nearly sixty seven twenty two thousand ninety two fox news.
"securities fraud" Discussed on NPR News Now
"Support for this mpr podcast and the following message come from paramount pictures and participant media with an inconvenient sequel truth to power a follow up to win inconvenient truth about al gore's global efforts for renewable energy revolution nationwide august fourth live from npr news in washington i'm jack sphere a federal jury in brooklyn has convicted former executive and so called pharma boro martin skrilje of securities fraud and bureau's merit kennedy reports the controversial xecutive is declared victory though the jury found skrela guilty of two counts of securities fraud and one count of conspiracy to commit securities fraud that acquitted him of five counts which caused terni ben braff and terms the most important charges this by the issues that travel with martin adding we're standing here a smiling on even though it wasn't a clean sweep is cases focused on the way he managed a pair of hedge funds shkreli then ran touring pharmaceuticals or he made headlines for increasing the price of lifesaving drug for people with aids by five thousand percent maher kennedy and pera news the justice department says it is tripling the number of investigations in a national security league so far this year and bureau's carry johnson reports of 30s are also warning unauthorized disclosures are on the rise attorney general jeff sessions as he's directed national security prosecutors in us attorneys to make criminal leak investigations a priority session says the justice department is considering steps to make probes into leaks operate faster that includes relaxing high level sign offs on when reporters and news organizations can be compelled to turn over information to the government.
"securities fraud" Discussed on WBT Charlotte News Talk
"In uptown charlotte pharma bro convicted a former pharmaceutical ceos martin garelli found guilty of securities fraud in new york with more on this breaking stories reporter aaron katersky in brooklyn scaly infamous for raising the price of a lifesaving drug innovative tweets that earned him the nickname pharma bro had been accused of securities fraud related to a hedge fund that he once ran and a pharmaceutical company that he also once ran he has been acquitted of some of the conspiracy charges against him but to repeat martin scaly has been found guilty of securities fraud that case was tricky for the government because insider investors conceded that sh garelli scheme actually made them richer in some cases doubling or even tripling their money which might explain why took the jury several days to reach that verdict a charlotte woman pleading guilty today to charges that she and her husband chain their young children for hours at a time melissa gonzales goes man was charged with negligent child abuse you'll spend more than three years in prison prosecutors say gonzalez boozman husband ordered her to chain up the four kids ranging in age from four to eight while he was at work his case as you have to go to court and other north carolina couple facing similar charges this in madison county with the sheriff's department says 23yearold haley trant them and twentyeightyearold vincent lead the second lock their baby be in a cage for twenty three hours a day with little food the caged baby in the town of mars hill was discovered wednesday after deputies were checking complained about child abuse wbt news time 3of4 now here's jim zochi with another panthers training camp update after a couple of weeks at spartanburg the panthers in uptown shot for fanfares tonight at bank of america stadium the.
"securities fraud" Discussed on KOIL
"In his securities fraud trial skrela's accused of lying to investors about the performance of their hedge funds squarely would have faced cross examination and he was openly critical of prosecutors earlier in the trial which could wrap up tomorrow 23 before the hour this is america in the morning i'm john trout sports with robber workman's coming up president trump's soninlaw jared kushner is insisting he did nothing improper in the presidential campaign or transition terry moraes's that kushner said a voluntary closeddoor meeting with the senate intelligence committee was fully transparent i did not collude with russia nor do i know of anyone else in the campaign who did so the senate meeting was a closeddoor session and kushner is set to do it again dan before the house intel committee the record in documents i have provoked voluntarily provided we'll show that all of my actions were proper and occurred in the normal course of events of a very unique campaign he did not take questions from reporters after his brief statement outside the west wing in a lengthy written statement before the senate mehta king kushner said he never discussed anything improper with russian officials or intermediaries meantime kushner took a shot at some critics of the trump presidency donald trump had a better message and ran a smarter campaign and that is why he won suggesting otherwise ridicules those who voted for him i'm terry more in washington twenty two minutes before the hour on the topic of russia where does the administration stand on punishing russia with sanctions for meddling in the election correspondent joe johns details.
"securities fraud" Discussed on Pure Nonfiction: Inside Documentary Film
"Today we are announcing the indictment of nineteen individuals on charges including mortgage fraud securities fraud and conspiracy as well as the indictment of abacus federal savings bank federally chartered banks lisbon catering to the chinese immigrant community since 1984 if we have learned anything from the recent mortgage crisis it's that at some point these schemes unravel and taxpayers can be left holding the ban while the banks that were too big to fail got bailouts abacus was small enough to jail asian employees of the bank were arrested and paraded in a chain gang before tv cameras after the highly publicized arrest the story was scarcely covered outside the chineseamerican press but the sun family were adamant in defending themselves their lawyer kevin pub allow ski describes the odds they made a decision that they were not going to plead guilty to something that they didn't feel the bank we do beyond that is a courageous choice adamson's fence of choice the da's office has hundreds of lawyers took five years to do their grand jury investigations and it it is a daunting task to fight the government if you haven't seen the film i won't tell you how it turns out but one of its pleasures is to spend time with the sun family thomas has four daughters smart witty cosmopolitan new yorkers two of them jill and vera hold key positions at the bank the youngest sean terrell is a lawyer in the film we witness their interactions during the trial often in chinatown restaurants the family banter has an unexpected comedy.