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☆ British billionaire Joe Lewis fined $5 million by U.S. judge for insider trading
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: +3 min

British billionaire and former owner of the Tottenham Hotspur Football Club Joe Lewis arrives at federal court for his sentencing in an insider trading case on April 4, 2024, in New York City. U.S. District Judge Jessica Clarke in Manhattan sentenced Lewis, who pleaded guilty in January to one count of conspiracy and two counts of securities fraud. Lewis in January entered a plea deal with prosecutors agreeing to a $50 million fine of his Bahamas company, Broad Bay. Under the agreement, Lewis' fine will be included in the total. Lewis has since remained in the country, posting $300 million bail secured by his yacht and a private aircraft.

Persons: Tottenham Hotspur Football Club Joe Lewis, Lewis, Joe Lewis, Jessica Clarke, Mr, Mark Herr, Prosecutors, Boxer Capital, Patrick O'Connor, Bryan Waugh Organizations: Tottenham Hotspur Football Club, US, Office, Southern, of New York, Tavistock Group, Aviva, London's Tottenham Hotspur, Boxer, Forbes, Prosecutors, Mirati Therapeutics, Boxer Capital, Tango Therapeutics Locations: New York City, U.S, Manhattan, London's, Bahamas, Broad Bay, London, New York

☆ Billionaire Joe Lewis says he's 'embarrassed' by knowingly committing securities fraud after pleading guilty to the crime
▼ + stars: | 2024-01-24 | by ( Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +2 min

Read previewBillionaire Joe Lewis, who owns the Tottenham Hotspur English soccer team, pleaded guilty Wednesday to securities fraud in federal court in Manhattan. Mr. Lewis did not engage in improper trading in his own accounts,"Mark Herr, a spokesman for Lewis, later told BI. "His conduct should be viewed in the context of Mr. Lewis' long life of accomplishment and integrity," he added. Lewis faces up to 25 years in federal prison for each count of securities fraud. "Mr. Lewis has come to the US voluntarily to answer these ill-conceived charges, and we will defend him vigorously in court."

Persons: —, Joe Lewis, Lewis, Mark Herr, David M, Zornow, Mr, Grace Dean Organizations: Service, Tottenham Hotspur English, Business, Prosecutors, Bloomberg, Tavistock Group Locations: Manhattan, Bahamas

Their tormentors have also called in false bomb threats to venues using their names in three states. To combat the growing problem, the FBI has begun taking formal measures to get a comprehensive picture of the problem on a national level. Chief Scott Schubert with the bureau's Criminal Justice Information Services headquarters in Clarksburg, West Virginia, told NBC News that the agency formed a national online database in May to facilitate information sharing between hundreds of police departments and law enforcement agencies across the country pertaining to swatting incidents. No central agency has tracked swatting incidents or suspects in the U.S., so official statistics are not available. The couple was mostly recently swatted at their home on Tuesday, bringing the total of swatting incidents to 43.

Persons: Patrick Tomlinson, Niki Robinson, hasn't, Scott Schubert, Schubert, Lauren R, Shapiro, Mark Herring, Niki Robinson.NBC, —, Andrew Finch —, Finch, Swatting, he'd, Norm Macdonald, Tomlinson, It's, impersonators, Swatters, Patti Labelle, Robinson Organizations: Las Vegas, Tribune, Service, Getty, Clemson, Harvard, Cornell, Rutgers, Middlebury College, swatters, FBI, bureau's, Information Services, NBC News, NBC, Google, John Jay College of Criminal, Defamation League, Twitter, Daily, YouTube, Police, Irish, Milwaukee Brewers, Riverside Theater Locations: Milwaukee, U.S, Clemson , Florida, Boston, Pittsburgh, Oklahoma, Clarksburg , West Virginia, Texas, China, Taiwan, Tennessee, Wichita, Wisconsin, Marquette

☆ Fusion power is still decades and billions of dollars away, even after this week's major scientific breakthrough
▼ + stars: | 2022-12-14 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +2 min

The nuclear fusion breakthrough heralded on Tuesday was a historic event, culminating decades of research. At the same time, fusion power will not be contributing electricity to any power grid for at least a decade, according to most industry watchers. "We got out 3.15 megajoules, we put in 2.05 megajoules in the laser," said Mark Herrmann, a program director at Lawrence Livermore, on Tuesday. All of that energy went into the laser fusion reaction that showed net gain of about 1.1 megajoules — enough energy to boil a teakettle maybe two or three times. "This is a science achievement, not a practical one," Omar A. Hurricane, a chief scientist at Lawrence Livermore, told CNBC.

☆ Products Made With Captured Greenhouse Gas Are Reaching Commercial Scale
▼ + stars: | 2022-11-28 | by ( Dieter Holger | ) www.wsj.com time to read: +6 min

Straws, bottles and packaging made with captured greenhouse-gas are starting to reach commercial scale, offering a way for businesses making and using everyday products to reduce emissions contributing to global warming. Origin Materials Inc. and Newlight Technologies Inc. are trying to meet that demand by bringing factories online that use captured emissions to manufacture materials used to make products including clothes, tires and plastic bottles. Sourcing and transporting raw inputs and captured CO2 are crucial to a product’s so-called carbon-negative credentials, meaning more CO2 is stored than created. The private company sources captured emissions from dairy farms, ethanol plants and landfills, and is expanding into coal mines and exploring direct-air capture. Competitor Origin Materials has a different approach to acquiring captured emissions and plans for its first commercial-scale factory to come online next year.

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