DIRS.INFO The most relevant business & tech news

☆ Texas man eavesdropping on wife’s phone calls faces criminal charges — and divorce — after $1.76 million insider trading plot
▼ + stars: | 2024-02-26 | by ( Krystal Hur | ) edition.cnn.com time to read: +2 min

New York CNN —A Texas man is facing insider trading charges and jail time after he used information gleaned from eavesdropping on his wife’s work-from-home calls, netting him $1.76 million from an upcoming oil industry acquisition. Loudon purchased 46,450 shares of TravelCenters stock after learning of the impending merger, according to an SEC filing. When the share price popped 71% following the announcement, he sold all of his shares, raking in more than $1.76 million. The SEC’s complaint, filed in the US District Court for the Southern District of Texas, charges Loudon with violating the antifraud components of federal securities laws. She reported the trading to her supervisor and was later terminated from the company, according to the filing.

Persons: New York CNN —, Tyler Loudon, “, Loudon, ”, Eric Werner, “ Mr, Peter Zeidenberg, Roth Organizations: New, New York CNN, The Securities, Exchange Commission, SEC, Fort, Court, Southern, Southern District of, US, Office, CNN Locations: New York, Texas, Houston, Fort Worth, Southern District, Southern District of Texas

☆ BP exec's husband guilty of insider trading $1.8 million, snooped on her calls
▼ + stars: | 2024-02-25 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

The SEC said that Loudon's wife acknowledged occasionally discussing the acquisition with her husband in "normal" married-couple types of conversations. But over the next few months, Loudon, without telling his wife, accumulated 46,450 shares of TravelCenters, according to the U.S. attorney's office. But in March, the Financial Industry Regulatory Authority requested from BP a list of people who were "in the know" about the TravelCenters acquisition before it happened. "Loudon's wife responded that they would." Loudon's wife reported her husband's insider trading to her BP supervisor but she was later fired from the company.

Persons: Tyler Loudon, Alamdar Hamdani, Loudon, Mr, Peter Zeidenberg, Loudon's, Roth, TravelCenters Organizations: BP, Southern District of Texas, Securities and Exchange Commission, CNBC, Authorities, TravelCenters, SEC, Roth IRA, Financial Industry, Authority Locations: Southend, United Kingdom, America, Houston, Southern District, Loudon, Rome, TravelCenters

WASHINGTON (AP) — A prominent defense attorney whose star clients have included Snoop Dogg pleaded guilty Friday to leaking grand jury information to reporters about a political conspiracy case against a rapper from the Fugees. Michel's trial included testimony from such figures as actor Leonardo DiCaprio and former U.S. Attorney General Jeff Sessions. Kenner’s attorney said in court documents that the reporters originally agreed to sign a protective order, but later changed their minds. L. Barrett Boss, one of the defense attorneys, said Kenner was planning to retire after Michel’s trial. But Boss said Kenner is “very strained financially” because he spent $1.4 million “out of pocket” on Michel’s defense.

Persons: Snoop Dogg, David Kenner, Suge Knight, Tory Lanez, Kenner, ” Michel, Leonardo DiCaprio, Jeff Sessions, ” Kenner, Michel, Peter Zeidenberg, Kenner misattributing, Diddy, Judge Amit Mehta, Mehta, Barrett Boss, Boss, Pras Michel, Erica Dumas, Barack Obama’s, Trump, DiCaprio, Jho, _____ Whitehurst Organizations: WASHINGTON, Bloomberg News, U.S, Bloomberg, Kenner, Justice Department, Hollywood Locations: California, Washington, U.S, Malaysian, China, Philadelphia

LOS ANGELES (AP) — It's Sunday night, backstage ahead of the second Los Angeles show of Lauryn Hill and the Fugees' anniversary tour. It will be a few hours yet before Hill opens the concert with a solo set of “The Miseducation of Lauryn Hill,” 25 years after its release. Lauryn Hill & Fugees: Miseducation of Lauryn Hill 25th Anniversary Tour” has dates scheduled through mid-December. Michel, who faces up to 20 years in prison on the top counts, doesn't have a sentencing date yet. She is awarded a plaque for “The Miseducation of Lauryn Hill” receiving diamond RIAA status; quotes from bell hooks appear on the screen behind her.

Persons: —, Lauryn Hill, Hill, ” Michel, Leonardo DiCaprio, ”, Ms, Michel, Peter Zeidenberg, Diddy, hasn't, “, Tiffany Haddish, Wyclef Jean’s, Drake’s “, Jean, it’s, they've, Stevie Wonder, Nas, ’ it’s, Lil Wayne, Travis Scott's Organizations: ANGELES, Kia, Buffalo Bills, Cincinnati Bengals, Washington , D.C, ”, Lakers, Showtime Lakers, SoFi Locations: Angeles, ”, Washington ,, “, Inglewood

The arguments in the Michel case could preview issues to come as the technology makes a rapid advance. “We think AI technology is gong to completely revolutionize the legal field by making it faster and cheaper to get complex answers to legal questions and research,” Katz said. “At bottom, the AI program failed Kenner, and Kenner failed Michel. Using it for closing arguments is complicated because of the many factors that develop over the course of a trial, he said. Generative AI, meanwhile, also sometimes produces “hallucinations,” statements that initially read as if they are accurate but are not.

Persons: ” Michel, Michel, David Kenner, Suge Knight, Snoop Dogg, Kenner, Diddy, Peter Zeidenberg, It's, Neil Katz, “, ” Katz, Sharon Nelson, “ It's, ”, Zeidenberg, Barack Obama’s, Trump, Leonardo DiCaprio, Jeff Sessions, John Villasenor Organizations: WASHINGTON, —, Associated Press, Sensei Enterprises, Justice Department, U.S, University of California, American Bar Association Locations: Malaysian, China, Los Angeles

WASHINGTON, July 18 (Reuters) - Former U.S. President Donald Trump said on Tuesday he had received a letter from Special Counsel Jack Smith stating that he is a target of a grand jury investigation into efforts to overturn the 2020 presidential election result. Officials have testified that during his final months in office, Trump pressured them with unsubstantiated claims of widespread voter fraud. stating that I am a TARGET of the January 6th Grand Jury investigation," Trump wrote on his Truth Social media site. In his Truth Social post, Trump said Smith's office has given him "a very short 4 days" to appear before the grand jury in the probe. But he said the cumulative impact of the cases against Trump could deter some moderate Republicans and hinder his chances in the general election.

Persons: Donald Trump, Jack Smith, Trump, Joe Biden, Smith, Peter Zeidenberg, Aileen Cannon, Biden, Pat Cipollone, Mike Pence, Rudy Giuliani, Stormy Daniels, Trump's, Steve Scalise, Matt Dole, Ron DeSantis, Dole, Sarah N, Lynch, Jacqueline Thomsen, Katharine Jackson, Moira Warburton, Rami Ayyub, Nathan Layne, Doina Chiacu, Howard Goller, Daniel Wallis Organizations: Former U.S, U.S, Capitol, Biden's, Social, Republican, Democrat, Washington , D.C, White, Georgia Supreme, Trump, Trump's Republican, Thomson Locations: Former, Florida, Washington ,, New York, Georgia

Jan 18 (Reuters) - A University of Kansas professor avoided prison on Wednesday for making a false statement related to work he was doing in China in the latest setback for a Trump-era U.S. Department of Justice crackdown on Chinese influence within American academia. Prosecutors had asked U.S. District Judge Julie Robinson in Kansas City, Kansas, to sentence Feng "Franklin" Tao to 2-1/2 years in prison, even after the judge in September threw out most of his trial conviction for concealing work he did in China. Robinson instead sentenced the chemical engineering professor to time served with no fine or restitution. The Justice Department did not respond to requests for comment. Reporting by Nate Raymond in Boston; Editing by Alexia Garamfalvi and Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Judge tosses most charges against Kansas researcher
▼ + stars: | 2022-09-23 | by ( Associated Press | ) www.nbcnews.com time to read: +4 min

A federal judge on Tuesday threw out three of four convictions against a Kansas researcher accused of illegally concealing work he was doing at a Chinese university while working at the University of Kansas, leaving only a conviction for making a false statement on a form. A jury convicted researcher Feng “Franklin” Tao in April on three counts of wire fraud and one count of false statements. He was accused of not disclosing that he was working for Fuzhou University in China while employed at the Kansas university. She upheld the making a false statement conviction and denied Tao’s request for a new trial on that count. She said Tao did make a false statement to Kansas on a conflict of interest statement he submitted to the university in 2018.

FILE PHOTO - Feng "Franklin" Tao, a professor at the University of Kansas, appears in an undated handout photo provided by the school. Kelsey Kimberlin/University of Kansas/Handout via REUTERSSept 20 (Reuters) - A federal judge on Tuesday tossed most of a University of Kansas chemical engineering professor's conviction for concealing work he did in China while conducting U.S. government-funded research, in the latest setback for a crackdown on Chinese influence within American academia. U.S. District Judge Julie Robinson in Kansas City, Kansas, ruled prosecutors presented insufficient evidence to support Feng "Franklin" Tao's conviction on three wire fraud counts in April by a jury in her courtroom. Register now for FREE unlimited access to Reuters.com RegisterProsecutors had accused him of concealing his affiliation with Fuzhou University in China from the University of Kansas and two federal agencies that provided grant funding for the professor's research. read more"This will hopefully drive a final stake through the heart of these China Initiative cases," Peter Zeidenberg, Tao's lawyer, said regarding Tuesday's ruling.

Search resuls for: "Peter Zeidenberg"

9 mentions found